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.
If you're always reinvesting the payouts, you haven't really reached the breakeven point. You're just being credited with more paper slips promising hashing power that may or may not exist. You've only really reached profitability if you invested X in PBMining and now have X+Y in your wallet, where Y isn't negative.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.
I may have read the report wrong, but I was under the impression that the reinvestment was in addition to what he posted, so for statistical purposes this would be valid.
As I had said earlier, I have been in profit for some time, but most of my hash has been referrals. However my initial investment did indeed pay for itself quite a while back. I unfortunately did this on a lark, and didn't keep good records. I don't recall what price I bought in at, but the minimum was 2 GH/s at the time
I do understand the concerns here. It is my opinion that they are not correct, but I can't say they're invalid given pbmining's reticence in revealing their mining. I have done quite well with them, and as always, I say do your due diligence and decide what risks you're willing to take. I've invested in three cloud mining schemes and pb is the only one that didn't burn me, either by fraudulent action or simply becoming too expensive (GHash).