Topic: PBmining - legit? - page 10. (Read 67909 times)
Im not to sure about PBm.. Many things are not as they should be, according to 2 of my friends that have contracts with them
The ROI is close to 7-9 months right? Most ponzi that admit their ponzis (hyips) would only take 2-3 months to get ROI that's why they last for less than a year. PBMining's payout per GH decreases each time. Ponzis usually have a fixed % which is why they fail so quickly. If it is a ponzi, it is the most popular one out there. Word spreads, more people invest and as long as this keeps up, the risk of them shutting down is one of the lowest (if not the lowest) of ponzis out there.
PBMining can easily decrease their payout according to the profitability. Less payout means more profit for them. I don't think that is a good statement to proove PB isn't a ponzi scheme.
Kindly,
MZ
You misunderstood what I said. That's exactly why I think PBMining is ponzi that won't shutdown anytime soon, because their payout can be lowered. They can easily getaway with an explanation using the "difficulty to mine increasing".
so do you think Script.cc or CEX.io or any of the other cloud based mining operations are pozis also? Because if your issue is they don't have pictures of their miners they could find pics of any miner and Photoshop a little and we wouldn't know any better.
The ROI is close to 7-9 months right? Most ponzi that admit their ponzis (hyips) would only take 2-3 months to get ROI that's why they last for less than a year. PBMining's payout per GH decreases each time. Ponzis usually have a fixed % which is why they fail so quickly. If it is a ponzi, it is the most popular one out there. Word spreads, more people invest and as long as this keeps up, the risk of them shutting down is one of the lowest (if not the lowest) of ponzis out there.
PBMining can easily decrease their payout according to the profitability. Less payout means more profit for them. I don't think that is a good statement to proove PB isn't a ponzi scheme.
Kindly,
MZ
You misunderstood what I said. That's exactly why I think PBMining is ponzi that won't shutdown anytime soon, because their payout can be lowered. They can easily getaway with an explanation using the "difficulty to mine increasing".
so do you think Script.cc or CEX.io or any of the other cloud based mining operations are pozis also? Because if your issue is they don't have pictures of their miners they could find pics of any miner and Photoshop a little and we wouldn't know any better.
The ROI is close to 7-9 months right? Most ponzi that admit their ponzis (hyips) would only take 2-3 months to get ROI that's why they last for less than a year. PBMining's payout per GH decreases each time. Ponzis usually have a fixed % which is why they fail so quickly. If it is a ponzi, it is the most popular one out there. Word spreads, more people invest and as long as this keeps up, the risk of them shutting down is one of the lowest (if not the lowest) of ponzis out there.
PBMining can easily decrease their payout according to the profitability. Less payout means more profit for them. I don't think that is a good statement to proove PB isn't a ponzi scheme.
Kindly,
MZ
You misunderstood what I said. That's exactly why I think PBMining is ponzi that won't shutdown anytime soon, because their payout can be lowered. They can easily getaway with an explanation using the "difficulty to mine increasing".
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The ROI is close to 7-9 months right? Most ponzi that admit their ponzis (hyips) would only take 2-3 months to get ROI that's why they last for less than a year. PBMining's payout per GH decreases each time. Ponzis usually have a fixed % which is why they fail so quickly. If it is a ponzi, it is the most popular one out there. Word spreads, more people invest and as long as this keeps up, the risk of them shutting down is one of the lowest (if not the lowest) of ponzis out there.
PBMining can easily decrease their payout according to the profitability. Less payout means more profit for them. I don't think that is a good statement to proove PB isn't a ponzi scheme.
Kindly,
MZ
No one knows a good Ponzi until the money is gone.
As i see it, you are making 2 bets with your money at pbmining.
The first bet is that pbmining is not a ponzi and the second bet is that the bitcoin price will rise.
As i see it, you are making 2 bets with your money at pbmining.
The first bet is that pbmining is not a ponzi and the second bet is that the bitcoin price will rise.
First bet is out there, but second one is not, as you pay in BTC and get BTC back form them. No fiat involved in any way, so price of BTC does not matter.
Yes, you can say "But if BTC value rises, and i ROI only 90% of BTC back, i earned some money". Well no, you lost as you would have more if you didint spend it on PB.
There is second "bet" that every PB user takes tho....diff. If diff jumps in crazy numbers, it will eat what you invested and you will loose no matter if they are ponzi or not.
No one knows a good Ponzi until the money is gone.
As i see it, you are making 2 bets with your money at pbmining.
The first bet is that pbmining is not a ponzi and the second bet is that the bitcoin price will rise.
As i see it, you are making 2 bets with your money at pbmining.
The first bet is that pbmining is not a ponzi and the second bet is that the bitcoin price will rise.
The ROI is close to 7-9 months right? Most ponzi that admit their ponzis (hyips) would only take 2-3 months to get ROI that's why they last for less than a year. PBMining's payout per GH decreases each time. Ponzis usually have a fixed % which is why they fail so quickly. If it is a ponzi, it is the most popular one out there. Word spreads, more people invest and as long as this keeps up, the risk of them shutting down is one of the lowest (if not the lowest) of ponzis out there.
I think it is as it is paying every Sunday without much delay.
Kindly,
MZ
that's why i think they don't do real miningKindly,
MZ
have you ever see their amount of payment? exact amount of bitcoin with calculation from bitcoin mining calculator
I have a doubt that it is a Ponzi scheme but I told my review about pbmining.
Kindly,
MZ
where's your review? any link?
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Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
I think it is as it is paying every Sunday without much delay.
Kindly,
MZ
that's why i think they don't do real miningKindly,
MZ
have you ever see their amount of payment? exact amount of bitcoin with calculation from bitcoin mining calculator
I have a doubt that it is a Ponzi scheme but I told my review about pbmining.
Kindly,
MZ
I think it is as it is paying every Sunday without much delay.
Kindly,
MZ
that's why i think they don't do real miningKindly,
MZ
have you ever see their amount of payment? exact amount of bitcoin with calculation from bitcoin mining calculator
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
I think it is as it is paying every Sunday without much delay.
Kindly,
MZ
Kindly,
MZ
I asked them for a refund, lets see if it'll go through.
I started mining with PBmining in FEB after I lost my building that I was using for mining it had free power and ac, after mining a week at home , the heat was killing me
I have never thought about it being a Ponzi tell I read this I used 2 BTC that I had , I have gotten my payments every sunday, and I'm in the plus side now, I never went into it as a 5 year deal
knowing after 6 months it would drop to a lower return with time but I took 2 BTC and made it 3 BTC with no heat and power cost.
Danny
All that is well and good, but it doesn't mean they are actually mining. Personally I wouldn't have any problem with them virtual mining as long as they didn't claim it was all from real mining. I think they do have some real mining, just not enough to cover all the contracts they have sold. I have never thought about it being a Ponzi tell I read this I used 2 BTC that I had , I have gotten my payments every sunday, and I'm in the plus side now, I never went into it as a 5 year deal
knowing after 6 months it would drop to a lower return with time but I took 2 BTC and made it 3 BTC with no heat and power cost.
Danny
they claimed have Total Hash Rate: 1191 Th/s in their website
it's mean they claimed have 1181 TH/s from real mining right?
I started mining with PBmining in FEB after I lost my building that I was using for mining it had free power and ac, after mining a week at home , the heat was killing me
I have never thought about it being a Ponzi tell I read this I used 2 BTC that I had , I have gotten my payments every sunday, and I'm in the plus side now, I never went into it as a 5 year deal
knowing after 6 months it would drop to a lower return with time but I took 2 BTC and made it 3 BTC with no heat and power cost.
Danny
All that is well and good, but it doesn't mean they are actually mining. Personally I wouldn't have any problem with them virtual mining as long as they didn't claim it was all from real mining. I think they do have some real mining, just not enough to cover all the contracts they have sold. I have never thought about it being a Ponzi tell I read this I used 2 BTC that I had , I have gotten my payments every sunday, and I'm in the plus side now, I never went into it as a 5 year deal
knowing after 6 months it would drop to a lower return with time but I took 2 BTC and made it 3 BTC with no heat and power cost.
Danny
wanted to thank everyone for pointing this out, as I have done good by them , I was going to buy one more TH/s now I Don't know I sure will put more thought into this now
I thought it was odd the no one in Canada can buy from them now ? starts to add to the fishy smell of it,
So to go with them or deal with buying more hardware that is a luck if you get it ontime, don't get me started on butterfly labs it won't end well.. lol
Thanks Danny
The reason they stopped with Canadians is in regards to the new legislation they put in place regarding Bitcoins. Which you really can't blame them for tryin to stay out of that mess. But at the same time it is werrid they even care about those regulations.I thought it was odd the no one in Canada can buy from them now ? starts to add to the fishy smell of it,
So to go with them or deal with buying more hardware that is a luck if you get it ontime, don't get me started on butterfly labs it won't end well.. lol
Thanks Danny
wanted to thank everyone for pointing this out, as I have done good by them , I was going to buy one more TH/s now I Don't know I sure will put more thought into this now
I thought it was odd the no one in Canada can buy from them now ? starts to add to the fishy smell of it,
So to go with them or deal with buying more hardware that is a luck if you get it ontime, don't get me started on butterfly labs it won't end well.. lol
Thanks Danny
I thought it was odd the no one in Canada can buy from them now ? starts to add to the fishy smell of it,
So to go with them or deal with buying more hardware that is a luck if you get it ontime, don't get me started on butterfly labs it won't end well.. lol
Thanks Danny
I have been signed up with PB Mining for 2 months. I have received back 42% of my investment. I had contacted them about fees and stuff such as that they told me they don't charge any fees its all built into the up front fee for the 5 year contract. So i guess in 4 months at most i should be into profit territory. But they haven't lowered their Per GH price lately so i don't think its a smart investment to get into right now. untill they lower their rate again.
I started mining with PBmining in FEB after I lost my building that I was using for mining it had free power and ac, after mining a week at home , the heat was killing me
I have never thought about it being a Ponzi tell I read this I used 2 BTC that I had , I have gotten my payments every sunday, and I'm in the plus side now, I never went into it as a 5 year deal
knowing after 6 months it would drop to a lower return with time but I took 2 BTC and made it 3 BTC with no heat and power cost.
Danny
I have never thought about it being a Ponzi tell I read this I used 2 BTC that I had , I have gotten my payments every sunday, and I'm in the plus side now, I never went into it as a 5 year deal
knowing after 6 months it would drop to a lower return with time but I took 2 BTC and made it 3 BTC with no heat and power cost.
Danny
Well after 2-3 months people investing in this site will just going to get scammed and PBmining will just close. Thats suspicious that PBmining won't prove any mining rigs.
Not sure about their legitimacy but i have already hit my break even.
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