Quote from: xstr8guy on September 05, 2014, 06:33:16 AM

Quote from: dyask on September 05, 2014, 06:12:15 AM

Quote from: xstr8guy on September 05, 2014, 05:07:08 AM

Lol, I know this is a contrary post and off-topic. But I want to set a few misconceptions straight.

I bought contracts with PBMining in March and have just now reached a positive ROI. Although I don't think it would be possible now for new contracts with PBMINING to see positive ROI. Do I think it's a Ponzi? Heck, I don't know but I'm obviously not the best judge of trustworthiness since I lost 4.4BTC on Lunamine, lol.

BFL have actually delivered my Monarch about a week ago. I was a first day preorder (Aug 17th 2013). I was supposed to be shipped a second "free" Monarch at the same time but am still waiting for that. I also had 600GHs of compensation cloudmining since June 24th that was shutdown today. Yes, the current price is WAY too high at $1.97 per GHs but the Monarch is not outdated tech. It uses .7w/GHs which is still competitive with current generation miners from KNC, Bitmain and Spoondoolies.

Personally I'm happy to see you get your money out of PBMining and I hope you get a good amount of profit now. I also agree that .7w/GH is very good by today's standards. However, I think it will be hard to breakeven on that one. At least you had mining since June 24th which should have helped a lot.

Yeah, there's zero chance that Monarchs will ever break even. It's not logical that I didn't take a refund. But there's still something to be said for hardware lust, lol.

Mining lust cost me 12 BTC before I realized 100% reinvesting wasn't working out for me! Tongue