Author

Topic: The future of PB Mining may be in doubt (Read 1360 times)

sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
July 12, 2014, 01:32:01 AM
#4
Today I noticed that PB Mining has put a statement on their contract purchase page stating that they are no longer selling contracts to Canadian residents.  Keep in mind that PB Mining also states on their website that they are a "trusted business in Saskatchewan Canada".  I would then like to ask a question of PB Mining users: "How do you feel about the fact that PB Mining might now not be able to do business in it's home country?"
By continuing to buy contracts through their site you must agree that you are not a Canadian resident, until they are able to clear up the legal issues of selling mining contracts to Canadian residents.

Canada has become a legal gray area for bit coin. The intentionally vague regulatory statement was designed to have a chilling affect on the bit coin economy there. With just-dice shut down and now this it appears to be working.
I agree. I think that this has more to do with the fact that the regulatory environment in Canada is questionable and less to do with the solvency of PB mining. With that being said I am still a big opponent of cloud based mining as it centralizes mining and makes it difficult to change pools.
sr. member
Activity: 476
Merit: 250
July 08, 2014, 09:22:57 PM
#3
Today I noticed that PB Mining has put a statement on their contract purchase page stating that they are no longer selling contracts to Canadian residents.  Keep in mind that PB Mining also states on their website that they are a "trusted business in Saskatchewan Canada".  I would then like to ask a question of PB Mining users: "How do you feel about the fact that PB Mining might now not be able to do business in it's home country?"
By continuing to buy contracts through their site you must agree that you are not a Canadian resident, until they are able to clear up the legal issues of selling mining contracts to Canadian residents.

Ah but sooooooooooooooooooooooooo many "have brought Bitcoin to the people!" and advocate for government "regulation"!

They are now reaping what they have sown!

An yes, I reserve the right to tell you:

I TOLD YOU SO!

Wink

Buncha halfwits don't know a good thing when they got it.
sr. member
Activity: 406
Merit: 250
July 07, 2014, 02:29:41 PM
#2
Today I noticed that PB Mining has put a statement on their contract purchase page stating that they are no longer selling contracts to Canadian residents.  Keep in mind that PB Mining also states on their website that they are a "trusted business in Saskatchewan Canada".  I would then like to ask a question of PB Mining users: "How do you feel about the fact that PB Mining might now not be able to do business in it's home country?"
By continuing to buy contracts through their site you must agree that you are not a Canadian resident, until they are able to clear up the legal issues of selling mining contracts to Canadian residents.

Canada has become a legal gray area for bit coin. The intentionally vague regulatory statement was designed to have a chilling affect on the bit coin economy there. With just-dice shut down and now this it appears to be working.
sr. member
Activity: 377
Merit: 250
July 06, 2014, 04:38:52 AM
#1
Today I noticed that PB Mining has put a statement on their contract purchase page stating that they are no longer selling contracts to Canadian residents.  Keep in mind that PB Mining also states on their website that they are a "trusted business in Saskatchewan Canada".  I would then like to ask a question of PB Mining users: "How do you feel about the fact that PB Mining might now not be able to do business in it's home country?"
By continuing to buy contracts through their site you must agree that you are not a Canadian resident, until they are able to clear up the legal issues of selling mining contracts to Canadian residents.
Jump to: