Quote from: BitChrisUK on March 15, 2014, 06:27:22 AM

Quote from: cloverme on March 14, 2014, 09:05:26 PM

Quote from: PBmining on March 13, 2014, 07:44:13 PM

That topic has been discussed here: https://bitcointalk.org/index.php?topic=418183.640
And our stance is still the same.

Quote from: PBmining on March 05, 2014, 04:29:59 AM

Quote

We don't want to show you any information on our set up if we don't have to. We are getting plenty of business the way we are set up already. We do not want to violate our sales agreements with our supplier(s) and there are other issues which may put our entire operation and customers at risk if we were to fulfill these requests.

Why sell 5 year contracts on GHs that will pretty much be worthless after year 1? There's no Ghs that you can buy/sell today that would be worth anything when the difficulty is going to negate it. It seems that you're trying to take advantage of the fact that newcomers to mining aren't going to realize that and spend a lot of money up front without a solid understanding of the ROI after 1 year.

As far as privacy, you can hire an auditing firm (Ernst & Young) to validate that you actually have fixed assets and not disclose your trade secrets. This allows investors to know that you actually have a method/process and a production facility without disclosing confidential information to competitors or bad actors. Many companies do this that sell proprietary products to the government or companies seeking investments from multiple private equity firms.

I've never heard anyone argue to have a shorter contract before?

Well, lets look at it... as it stands, if current difficulty remains the 1GH/s will take 10-12 weeks to break even... how many weeks in 5 years? Yes the amounts will get smaller but even if the break even point is 52 weeks.... (that would be difficulty going up and the amount earned to drop to less than 20% of what it is now it is sitting at now in that 1st year), then the rest of the 5 years (being 4 years) is cream, it may not be much but better than some I have seen...

I see you point in that it could be a ponzi.... which is a valid point but the arguement about not being worthwhile after 1 year is moot as you will not pay anything after the initial.

So being no ongoing fees what would you expect? You could say hey, after 1 year donate the rest... Do some people actually think before hitting POST?