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Re: PB Mining -- 5 year mining contracts!
by
RD965
on 02/11/2014, 16:28:18 UTC
Hello everyone!

A few months back I shared the stats on my contracts, so that anyone could have real data to evaluate.
It's with pride that I have now reached ProfitLand in all my contracts Wink

As such, I'm sharing the stats again. The nonbelievers and Ponzi-lovers in here will probably not like them Wink
Since I was also one of the happy winners of Labour Day's giveaway, I'm also sharing the stats on that(bottom part) so you can get a real fell of the maximum profitability PBmining is giving - since there was no investment done on that contract, the profits shown for this contract represent the maximum you could achieve.

The best I can tell you is that by initial expectations - 20 weeks / 4 Months  for breakeven - were not met, but it was still with the 6 months / 26 weeks period that I considered this investment worth the risk.
But that was then. The current numbers are not that good - things got way worst after April 20th, the best price point ever, with only 21 weeks for breakeven Smiley.
I leave you these data so you can all do your own math and risk assessment.
The current average payout per GH/s is still higher than other cloud mining options out there, but it's no longer attractive.



Meanwhile, I will keep enjoying the next 6 months of good profit, before it all turns to mere dust levels. And the giveaway's precious compensation funds Tongue

As for the remaining years, I guess they won't matter that much, but hey, it's still profit Cool

Have a nice Sunday, everyone



How do you calculate this? Exel?

So before the comment, I have to say that I totally agree with the concept that a Bitcoin is always a Bitcoin regardless of the current price, but now that you have been very organised on your calculations, why dont you include BTC/USD rates as well? I will be a lot more realistic and dont think you really "profit" taking this into account!

RD