Author

Topic: pbmining user is making nice profits (Read 1351 times)

sr. member
Activity: 378
Merit: 250
July 23, 2014, 02:16:35 PM
#7
Why do people presume they have just put the 30TH instantly and not grown over time?
There on 3 BTC now ,there gonna be million airs i think
legendary
Activity: 1512
Merit: 1011
July 23, 2014, 09:16:32 AM
#6
Other big questions...

4. Is the user account even real?  What better way to scam/entice new users to sign up.

5. Is pbmining a ponzi?

Many people don't believe they actually have any mining equipment. Rather, it's suspected they just sell fake mining gh/s and slowly decrease the payout according to "difficulty".


The owner refuses to disclose what equipment they use for mining.

this two questions are very BIG question Grin
i thought nobody but 30 THS contracts, it just "insider works"
and for another question, i'm very sure they operate ponzi system, under the guise of bitcoin cloud mining Grin
i Followed pbmining thread since i'm joining BTT (feb '14), they never showed us their hardware and coins generated from their mining
legendary
Activity: 1512
Merit: 1057
SpacePirate.io
July 22, 2014, 04:27:08 PM
#5
bought he probably started with a low hashrate and played there cards right when pbmning first started, and bought gh with there mined coins

Maybe, the whole outfit is sketchy. They fact they use a mixing service for payouts speaks for itself, but in my opinion they don't mine and there's no coinbase reward to them from the solving of a block, which is why they are hiding behind a mixer.

https://bitcointalksearch.org/topic/m.6276700

sr. member
Activity: 378
Merit: 250
July 22, 2014, 04:13:10 PM
#4
but he probably started with a low hashrate and played there cards right when pbmning first started, and bought gh with there mined coins
legendary
Activity: 1512
Merit: 1057
SpacePirate.io
July 22, 2014, 03:43:29 PM
#3
Other big questions...

4. Is the user account even real?  What better way to scam/entice new users to sign up.

5. Is pbmining a ponzi?

Many people don't believe they actually have any mining equipment. Rather, it's suspected they just sell fake mining gh/s and slowly decrease the payout according to "difficulty".


The owner refuses to disclose what equipment they use for mining.
legendary
Activity: 1512
Merit: 1011
July 22, 2014, 02:55:33 PM
#2
will he make ROI in BTC that he spend for 30 TH/s contracts? Grin
it costs 90 BTC at current price of GHS (0.003 / GHS)
90 BTC * $623 = $56070
based on calculations using this calculator
get rid pool fee, electricity price, hardware power and another cost, so :
- if Difficulty Increment : 20% per period -> He won't make ROI
- if Difficulty Increment : 15% per period -> He also won't make ROI
- if Difficulty Increment : 10% per period -> He will make ROI after (216 days)/ 7.2 months
Big Questions :
1. Will Bitcoin Difficulty Increment stays at 10% increase every period of difficulty adjusting?
most likely NO
2. Will PBmining still with their service until then?
Nobody Knows
3. Is it wise to invest with this uncertain condition?
You can answer this  Grin
sr. member
Activity: 378
Merit: 250
July 22, 2014, 02:27:17 PM
#1
https://pbmining.com/stats.html?

look at that , 30TH and watch his balance grow

per Day   0.87139667 BTC   $544.05

why are peoples balances so open to the public for viewing tho?Huh?

you could just keeping increasing your hashpower 1 day and keep the profits the next,seems awsome,you just need aload of money to get the gh Sad
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