Topic: PBmining - legit? - page 24. (Read 67922 times)
How can it stay when diff keeps going up...., its a hobby!!!!!
Hi !
i will go to 1Ths then unplug my own 1Ths Miner and hope it works ;-)
Thats my PBMining :
Created on Hash Rate (GH/s) Account Balance Last Payout Amount
Date Total Payout Expires on
16-04-2014 14 0.00407340 0.00565786
18-05-2014 08:57:01 0.02931644 16-04-2019
23-04-2014 16 0.00465532 0.00646613
18-05-2014 08:57:01 0.02529939 23-04-2019
30-04-2014 23 0.00669202 0.00929506
18-05-2014 08:57:01 0.02550550 30-04-2019
05-05-2014 21 0.00611011 0.00848679
18-05-2014 08:57:01 0.01628609 05-05-2019
07-05-2014 21 0.00611011 0.00848679
18-05-2014 08:57:01 0.01357511 07-05-2019
11-05-2014 27 0.00785585 0.01025613
18-05-2014 08:57:01 0.01025613 11-05-2019
18-05-2014 145 0.03944192 Never 0.00000000 18-05-2019
Total: 267 Total: 0.07493877 (Refresh to update)
Total :
GC 267 0.07498651 0.12023868 = 0.20 roundabout
if i now buy :
267 GH/s @ 1.28167174
for 5 years
approx 6.4 Times/BTC
for me = 6.4 Weeks ROI
Hope it stays ;-)
Glen
i will go to 1Ths then unplug my own 1Ths Miner and hope it works ;-)
Thats my PBMining :
Created on Hash Rate (GH/s) Account Balance Last Payout Amount
Date Total Payout Expires on
16-04-2014 14 0.00407340 0.00565786
18-05-2014 08:57:01 0.02931644 16-04-2019
23-04-2014 16 0.00465532 0.00646613
18-05-2014 08:57:01 0.02529939 23-04-2019
30-04-2014 23 0.00669202 0.00929506
18-05-2014 08:57:01 0.02550550 30-04-2019
05-05-2014 21 0.00611011 0.00848679
18-05-2014 08:57:01 0.01628609 05-05-2019
07-05-2014 21 0.00611011 0.00848679
18-05-2014 08:57:01 0.01357511 07-05-2019
11-05-2014 27 0.00785585 0.01025613
18-05-2014 08:57:01 0.01025613 11-05-2019
18-05-2014 145 0.03944192 Never 0.00000000 18-05-2019
Total: 267 Total: 0.07493877 (Refresh to update)
Total :
GC 267 0.07498651 0.12023868 = 0.20 roundabout
if i now buy :
267 GH/s @ 1.28167174
for 5 years
approx 6.4 Times/BTC
for me = 6.4 Weeks ROI
Hope it stays ;-)
Glen
the most reason they keep survice 
@ FIVEJONNY
Good layout!
ive been too lazy to put that much effort into explaining to the doomsayers here.
Thanx for the clearer picture.
Good layout!
ive been too lazy to put that much effort into explaining to the doomsayers here.
Thanx for the clearer picture.
without getting into a breakdown of the math....
if you want a reasonable estimate of overall return...
multiply your weekly yeild by 10.
this is as close an approximate as you can do considering difficulty varies unpredictably.
most of that return will be had during the first 26 weeks, some small but significant additional within the next 26 weeks.
as to the yield during years 2-5,... dont worry about it,.. less than ten cents worth of btc.
if that doesnt look good compared to your outlay, its not a good investment.
you may gain or loose 20% over a year.
Additionally you might note that a few people here are assuming that pb is going to spend $6000 on electricity to mine 500 satoshi during years 2-5.
You may reasonably assume not.
want your weekly {at present} yield?... try https://bitcoinwisdom.com/bitcoin/difficulty .......calculator upper right corner. its accurate if you type in your ghz correctly.
expect .02BTC from your 5 ghz
if you want a reasonable estimate of overall return...
multiply your weekly yeild by 10.
this is as close an approximate as you can do considering difficulty varies unpredictably.
most of that return will be had during the first 26 weeks, some small but significant additional within the next 26 weeks.
as to the yield during years 2-5,... dont worry about it,.. less than ten cents worth of btc.
if that doesnt look good compared to your outlay, its not a good investment.
you may gain or loose 20% over a year.
Additionally you might note that a few people here are assuming that pb is going to spend $6000 on electricity to mine 500 satoshi during years 2-5.
You may reasonably assume not.
want your weekly {at present} yield?... try https://bitcoinwisdom.com/bitcoin/difficulty .......calculator upper right corner. its accurate if you type in your ghz correctly.
expect .02BTC from your 5 ghz
FWIW i have just invested some money in PBMining.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
what do you mean out of hashing power? it still looks like contracts are for sale
FWIW i have just invested some money in PBMining.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
Maybe you should learn a bit more about BTC before "investing". You will *never* get ,35 BTC. The rate you are mining constantly decreases due to the ever increasing difficulty level. If you do not know what I am talking about I suggest you google "bitcoin difficulty"
Best
iFlash
True, difficulty goes up but so does hashing power. If you are mining now with the same rig you had 2 years ago, it would be very hard. I see this as a variation on pooling where people who don't want the bother of actually mining, get someone to do it for them. The more people, the more power.
Anyway, £5 is just under 2 cups of coffee. No great loss if they go bust tomorrow.
FWIW i have just invested some money in PBMining.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
Maybe you should learn a bit more about BTC before "investing". You will *never* get ,35 BTC. The rate you are mining constantly decreases due to the ever increasing difficulty level. If you do not know what I am talking about I suggest you google "bitcoin difficulty"
Best
iFlash
im in there now for almost a month and got my pay every sunday
FWIW i have just invested some money in PBMining.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
If you get 0.3 btc from 5gh I think we are all going to be millionaires.
I would guess more like 0.03btc in 5 years if you're lucky.
FWIW i have just invested some money in PBMining.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
I brought 5GH for around £5 (high roller). According to their stats that gives around 0.00135259 btc per week pay out. Extrapolate that for 5 years and you get 0.3516734 btc which equals £93.5 GBP at todays exchange rate. That is a lot of ifs (whether btc or PBMining will be here in 5 years time and what the exchange rate would be), but a nice return if it panned out. And it is more than I am getting from my Antminer U2.
They seem to be currently sold out of Hashing which may explain why i had to give them a nudge to get my order processed. I looked at CloudHashing but they want $300 up front for 30 GHs.
I will report back on how things go.
+ it would easily be double that in cooling and a facility able to host 375TH/s for 5 years that's a pretty serious set up you'd need your own sub station running that much power. It's most likely just a case of how long it goes on for now. If you have broke even already it's lucky but it's horrible to think it's probably other peoples money
They setup their ponzi in Canada, so the cooling costs for the imaginary hardware are only during a short summer.
Over 5 years that's $0.1008*(12*5)=$6
You don't see a problem with that? The cost of electricity alone is 3x what they bring in from each customer.
+ it would easily be double that in cooling and a facility able to host 375TH/s for 5 years that's a pretty serious set up you'd need your own sub station running that much power. It's most likely just a case of how long it goes on for now. If you have broke even already it's lucky but it's horrible to think it's probably other peoples money
I've been using this site for 2 months now (today exactly even, 15th), and from what I can tell I've gotten more than half of my investment back by now (like 63% I think)... so, sure, even if the value decreases, I'm fine with that. I'm guessing, if this runs for a few more months (or like with this speed, 5-8 weeks), I would have my initial investment back, and then it's only cool to get some for the rest of the time, whatever little that may be... Either way, I didn't invest much so if they disappeared tomorrow, I'm ok with what I've gotten back already. 
Seems, they pay from this: 1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
"Payday" .. I found that funny...
Seems, they pay from this: 1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
"Payday" .. I found that funny...
I agree. That's the only reason I like CEX. Dumping FHM contracts.
The thing about PBmining is the contract , today your ghz are worth 0.0025 for example after a year it worth less .
All I know is I'm getting payed every Sunday. No issues so far.
I have antminers and I have a little GH/s @ pbmining for the hell of it.
It could be a scam or Ponzi, but these people saying it over and over have no more info than anyone else.
We know it could be a scam.. ok
I have antminers and I have a little GH/s @ pbmining for the hell of it.
It could be a scam or Ponzi, but these people saying it over and over have no more info than anyone else.
We know it could be a scam.. ok
The thing about PBmining is the contract , today your ghz are worth 0.0025 for example after a year it worth less .
All I know is I'm getting payed every Sunday. No issues so far.
I have antminers and I have a little GH/s @ pbmining for the hell of it.
It could be a scam or Ponzi, but these people saying it over and over have no more info than anyone else.
We know it could be a scam.. ok
I have antminers and I have a little GH/s @ pbmining for the hell of it.
It could be a scam or Ponzi, but these people saying it over and over have no more info than anyone else.
We know it could be a scam.. ok
The thing about PBmining is the contract , today your ghz are worth 0.0025 for example after a year it worth less .
All I know is I'm getting payed every Sunday. No issues so far.
I have antminers and I have a little GH/s @ pbmining for the hell of it.
It could be a scam or Ponzi, but these people saying it over and over have no more info than anyone else.
We know it could be a scam.. ok
I have antminers and I have a little GH/s @ pbmining for the hell of it.
It could be a scam or Ponzi, but these people saying it over and over have no more info than anyone else.
We know it could be a scam.. ok
I can't say if they are really mining or not, but, I'm with them for 9 weeks straight and the payments are as advertised, as well as the referral program.
No problem so far in my case.
No problem so far in my case.
if you assume that anyone runs antiquated hardware... which is insane
They already spent the income buying the hardware. How are they going to fund buying new hardware? New customers? Bingo! Ponzi.
I'm impressed people still think there's hardware.
There has been no indication whatsoever they're actually mining.
Their entire setup is based around hiding where the coins come from.
From the way they allocate "mining rewards" (formula based instead of based on actual blocks mined) to the way they pay out (sending coins through a mixer first).
All they have (and really need for this setup to work) is a website that keeps track of fake hashrates and what to pay out.
They pay out to appear legitimate, and the amount they pay out is only a really small fraction of what a costumer paid to get in.
Then they'll just keep upping their hashrate and sucker new "customers" into their scam, and only pay them fractions of the money they gave em as well.
They're running a ponzi that is sustainable even without a very high rate of new customers.
Which is why they'll keep this scam up for as long as they can.
Hell, even if they intended to be legitimate, actually mining is simply less profitable.
Why take a small profit margin, when you can take a large margin and still be able to pay out all your customers?
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