Post
Topic
Board Services
Re: PB Mining -- 5 year mining contracts!
by
PBmining
on 09/02/2014, 12:10:30 UTC
To keep you guys happy I am now allowing 25 GH/s orders for current customers only.  

At the current difficulty level we ask for 0.0125 BTC per GH/s.
  Please PM me on here to get set up.

Web development will be a priority, however I will still be able to set you guys up on the same day as your order.


Could you explain how this could work out? 5 Year contract for 8,75$ all inclusive? Running actual ASIC for 5 years costs you already 7.50$ energy (10 Cents/kwh). Looks like charity or a ponzi scheme to me.

I ran a quick calculation and I came up with $3 of power expenses for 5 years.  Perhaps you thought we were using Antminers?  All we did was figure out what the hardware is worth to us if we were to mine ourselves, and then add a small mark-up to make the hash power worth selling.  No magic tricks here.  Smiley   Plus, our identity is known because we are a registered business with an established ebay account and over $60,000 in ASIC hardware sales.  Not to mention a 100% feedback rating.  Also keep in mind that as we see 5 years go by, power costs will go down as technology advances.  We are likely to change our hardware out a few times.   Cool

Now even though we are very busy these days working very hard, I don't mind explaining this all to you.  All I ask in return is that you don't jump to such a hostile conclusion.  We pay out our customers every Sunday and always will.  Thanks Smiley