Re: PB Mining -- 5 year mining contracts!

Thank you for the detailed numbers, very interesting to see the differences.

I think the people that buy these contracts are well aware of the risks, and as with all investments, risk is not something you can put aside.

People are satisfied as PBmining delivers week on week payments, and I'm sure they will do so in the future as well.

It's up to PBmining to decide whether they will demonstrate their hardware or not, for me personally it won't change anything.

They don't even need to demonstrate the hardware, they just need to demonstrate the 2.7PH/s of hashpower they have. That much power is pretty apparent on the network, it's about the same amount as Bitminter or P2Pool. Where are the blocks?
https://blockchain.info/blocks/CloudHashing
https://blockchain.info/blocks/KnCMiner
https://blockchain.info/blocks/Unknown%20with%201BX5YoL%20Address (Cointerra)

Currently "unknown" pool is hashing with 21% of the total power. It's probably a collection of several mining services combined?

Yes and at any point PBmining could just say "to prove we are not a ponzi, here is our mining address which anyone can clearly see is mining with ~2.7PH/s".

The only side effect from doing this would be transforming the skeptics(probably 90% of the people who see their ads) into customers and making tons of money.

But apparently Mr Pbmining doesn't like making tons of money because he refuses to prove his company is not a ponzi and thus limiting his customer base to nothing but gamblers and financially ignorant investors.

Seriously why would Pbmining NOT want to double the amount of customers they have? The answer is really quite simple. (it's a ponzi)

Here's more proof if you're not convinced:

Quote from: jimmothy on October 05, 2014, 06:05:30 AM

Quote from: PBmining on September 30, 2014, 08:08:45 PM

Quote from: jimmothy on September 30, 2014, 02:15:32 PM

I'm not going to say it's definitely a ponzi but: https://bitiodine.net/a2a/1BaconNYiSsZoq79K9LuEEp7RyGjKuwodJ/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

Hmm. That could have easily been insurance kicking in if our hardware didn't have 100% uptime for that week. Not sure though, since it's such a small amount I would have to dig through the logs. It could have also bounced back unintentionally -- which could possibly explain why we have had excess Bitcoins in the payday wallet for quite awhile now (around 8 BTC - 15 BTC after each payout).

Either way, things appear to be running very smoothly.