Unfortunetly, that is the awful truth. I don't want even to remember how much those invested bitcoins cost me at the time. :-(
Also, take in consideration that I always reinvested all the payouts, so the total invested sum is higher than the actual BTC I had to invest.

So, let me be clear. The profit is in BTC. That's an old discussion here, and I always said the same: I see this as an investment in BTC. As such, it has paid out.

But in Fiat, no, it hasn't. And it will probably never will - not only is BTC/USD in decline, but I got my BTC in Euros - the drop is even more significant.

Rough estimate I would say I'm about 56% of breakeven in EUR ...

But hey, if BTC suddenly went up to 450 EUR (it's around 260 this weekend), I would be in profit

Again, for me, the investment is double:

PBmining is an investment in BTC. It pays, but considerably less and probably only worth for the first 12/18 months.

BTC itself is also an investment, in EUR. It's way off paying out ... but that's my fault. I could had joined the game when it was worth less than 100 EUR .. but I only got in when it was already down to 420 and dropping like a rock :-(

Cheers.