Quote from: syncsam on May 27, 2014, 12:06:05 AM

Quote from: rodeoclownicp on May 26, 2014, 11:45:34 PM

Quote from: byt411 on May 26, 2014, 09:20:00 PM

Quote from: rodeoclownicp on May 26, 2014, 09:12:03 PM

dude shut the fuck up with your emotional outbursts i asked a guy a question and you flipped out and made it last all day, god damn i would have liked to been in 3 or for 4 posts trying to get some input but you took offense when none was made Grin

Are you trying to talk to yourself? Have you realized that what you are talking about is what you have done? All we did is make reasonable statements with evidence, and all you did was rage and insult people.
Awesome.

By the way, the one that has "emotional outbursts" is you, we haven't raged at people, you have.

hey, if u did i wasnt talking to you stop being so pathetic you have to call yourself we to make yourself seem more important,,, if u did not i wasnt talkingto you so u dont need to include yourself in the group i was talking to so you can rebut , jesus fucking crist is this the king baby thread

about legitimacy this might help

((TotalHashrate/HashratePerUnit)*WattsPerUnit)/1000

((375500/180)*360)/1000=751

So in a given month thats ((30*24)*751)=540720

I think they said they were in canada: the average electric price in canada (1) for an industrial facility is $.0732/KWh CAD or $.07USD

540720*$.07=$37,850.4 Monthly Power Cost

Per GH that's 37850.4/375500=$0.1008 Cost per month.

Over 5 years that's $0.1008*(12*5)=$6

So - we can deduce that in order to maintain profit, they'll have to upgrade their hardware after a year assuming they are running S1's. But, customers have paid up front. So they have the capital to get new hardware.

Furthermore, since they are charging double the hardware cost, they could buy double the hardware, basically using the customer as a loan for them to build a huge mining farm half of which is mining for them.

Power consumption aside - baseline - they are basically doubling their money on hardware. Further profit can be derived from merged mining. Even further profit can be derived from the fact that their fixed payment calculator accounts for avg 10 minute blocks. As difficulty increase approaches blocks are solved faster, and then when difficulty increase arrives they pay out less. They are mining more than they are paying out. Users, like me, are okay with this because of their guaranteed fixed payout rate.

At 375TH/s they are making about $4,423.36 per month just in NAMECOIN. There's room for profit.

There's a risk in pre-ordering hardware too.

I don't know why you put all those calculations, yes he is selling the contracts at more then what it is costing PBmining, it is a business, he is in it to make money, not hand out money, it's not our concern if he is buying double the equipment or if he is mining namecoin as well, we have paid for a contract and that is what PBmining is providing

And just based on your previous comments about the US$2.5, we are working in a digital economy and the currency we are using is bitcoin, you need to forget about USD, all calculations about profit need to be based in the underlying currency which is bit coin, if you get paid more bitcoin over the 5 years then you have paid then you are profitable, if you get paid less it is a loss. Lets say you buy 1 Btc worth of contract and in 5 years you have been paid back 0.95 Btc but BTC/USD has doubled it doesn't make it a good investment even though you will have more USD at the end of the day (just an example those numbers were just pulled out of thin air)

no,no,nonnononononononono,no u can not have possibly misinterpreted that too

you literally restated what i am saying , and re said it as if it was not what i was saying- and tried to defend against what you implied i was saying-- that's it, this is the official pussy thread, cry baby post space - i will take it back if u re-read and realize that what i posted was for those who were claiming it is illegitimate. as for the second part if u dont get the significance then you dont understand the importance of it.. the conversion is how the value of btc is derived it will always be traded against a countries dollar.. lowering hash against the usd leads to profit to a much much lesser extant btc .. and if it didnt matter then pb would break the 2.5 barrier which i was trying to get feedback on and talk about it learn about it and find out for investments sake what it was there for and if it was around the corner or just discuss whatever..like you know, a forum-absolutely nothing personal... but what ever you do , who ever is reading this, this next part is very important , IF u are going to make a personal issue out of this you have misunderstood the point just wait a few days and move the calculator around and you will begin to see my point, hopefuly it will come up and i or we can just find out more about it- is it staying are they maybe even going up? will the readjustment for difficulty reset the 2.5? you know stuff like that- will the readjustment be slightly under? the reason i am not talking btc by per btc profit is because it has nothing to do with my question thats all