Quote from: PBmining on August 08, 2014, 06:13:47 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?

We could have had fees when we started, but we decided to incorporate the costs into the purchase price instead. This not only simplifies it for the customer but also doesn't surprise them down the road.

As for the question "How do they do this?"... well our business model is simply awesome that's how. Plus we use the following special sauce:

(shhhh it's a secret!)

I think I know the secret! Grin

You piggyback on your neighbor's wifi for your internet connection, then you piggyback on an electrical post for electricity?

LOL! Just kidding! Grin

Where is the data center located?
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ok found it. canada