Quote from: bigtimespaghetti on August 08, 2014, 06:05:27 PM

Quote from: jjc326 on August 08, 2014, 05:35:44 PM

Quote from: BitcoinFr34k on August 08, 2014, 05:34:34 PM

Quote from: akujin on August 07, 2014, 07:22:59 PM

I don't get this cloud mining Undecided

So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??

not after you decide to do mining in the cloud PBmining
then there will be a contract for 5 years, after 5 years of the contract will be completed
and for 5 years you will get the added benefit of capital

With this 5 year thing, is there any way it would become unprofitable to mine within the 5 years? I guess not since there are no fees right? How do they manage to keep this up with no fees, when expenses are probably changing all the time?

This could potentially happen. I do not know how they mitigate this risk. Perhaps they plan certain amounts of contingency time into their business model?

That's what making me think it isn't a legit mining group. Roll Eyes

or they maybe doing it for promoting BTC but it is very rare and not applicable with ~1 PH without a great donator but I couldn't see any of their post asking big donations.
Kindly,
MZ