Quote from: Netwerked on August 25, 2014, 03:37:57 PM

Quote from: rodeoclownicp on August 25, 2014, 07:21:20 AM

Quote from: Netwerked on August 25, 2014, 04:27:55 AM

Quote from: AC~DC on August 24, 2014, 05:44:26 PM

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies. While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number. They recently ran out of GH capacity. Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even. Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

no its not a ponzi but you are a plant or stupid.... the only thing that matters from the buyer is roi... why would you say something so stupid... roi is almost gone or just ended now... u cant increase the price of gh and get a profit... if difficulty increases 20% prices have to drop 20% just to stay the same-thats not even improving . so from going 6 months back if the difficulty increases were always higher than the price drops(and they were) things have only gotten worse for 6 months straight profits on pb have gone down-down down down- and only down, you cant even get a calculator to say you will break even- YOU WONT BREAK EVEN- now that the the value of btc has declined things are even worse.....pb has said over and over "the conversion doesnt matter", him and that idiot byt411, and now you,the plant, say its good-on what fu#king planet? the only thing a value dip in btc is good for is to convert fiat to btc to buy some gh and that works only if btc is going right back up, it could offset some of the profit loss..... i wish pb would open up the books so we could play a larger role in managing our investments- this may have grown to big for him.... try putting in 5000gh in 2 years its worth less than 1$.... again if u took every btc u had and just bought more gh with it one day you would just have nothing, thats not investing,...investing is supposed to be you reinvest and profits increase....so if it doesnt look good dont buy it nobody can make you

My point is that it is good from holistic point of view. It throws points in favor of pbmining not being a ponzi in my opinion.

With that being said, I think we already established that customers are not going to break even at the old or new price. The price going up is good, because it further discourages people from buying contracts.

well its bad because the business model (non-ponzi, i hate that even bringing it up) is failing and the funds are not sustaining growth