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Re: Recovery program beginning in January for PB Mining customers.
Mr PBMining,
Since you are online I thought I'd ask if payments were going ahead this week (albeit still at lower rates)?
I'd noticed my stats haven't reset.
Also, Any more info to share on your recovery plans and their progress?
Regards,
Dan
#5141
Since you are online I thought I'd ask if payments were going ahead this week (albeit still at lower rates)?
I'd noticed my stats haven't reset.
Also, Any more info to share on your recovery plans and their progress?
Regards,
Dan
#5141
Re: Recovery program beginning in January for PB Mining customers.
Howdy,
I've held off on commenting until now but I'm mighty angry with all of this.
I've got 985Ghs, not huge but a significant amount for me.
I'll resist getting publicly obnoxious but I want info Mr PBMining.
Explain why our payments have dropped, explain where the coins have gone and explain what you are doing to fix this.
As others have already said Facebook didn't hack your miners and that's one of the lamest excuses I've ever heard and I've heard quite a few.
You presented as a legitimate, insured business. Act like one.
I've held off on commenting until now but I'm mighty angry with all of this.
I've got 985Ghs, not huge but a significant amount for me.
I'll resist getting publicly obnoxious but I want info Mr PBMining.
Explain why our payments have dropped, explain where the coins have gone and explain what you are doing to fix this.
As others have already said Facebook didn't hack your miners and that's one of the lamest excuses I've ever heard and I've heard quite a few.
You presented as a legitimate, insured business. Act like one.
A total farce.
Candles create more CO2 than it takes to power a comparative sized light-bulb.
More bullshit from the climate change loonies..
http://www.michaelsmithnews.com/2014/03/the-chemistry-of-earth-hour-1-candle-x-1-hour-8-x-the-co2-from-1-lightbulb-x-1-hour.html
Candles create more CO2 than it takes to power a comparative sized light-bulb.
More bullshit from the climate change loonies..
http://www.michaelsmithnews.com/2014/03/the-chemistry-of-earth-hour-1-candle-x-1-hour-8-x-the-co2-from-1-lightbulb-x-1-hour.html
I agree with you that you can use this thread in any way which is related to the service. But it's also true that this specific topic of yours has been broadly discussed so many times. You can just go back and see what users were asking and what PBMining answered. They are not going to disclose their business plan or any other information on their operation. That's it. It's your choice to decide whether you want to trust them and invest some money or whether you don't trust them and don't invest money.
I have almost 90 GHS with them. Am I sure this is not a scam? No, I am not. But I am willing to take the risk.
Are other services more reliable? Not really. As long as you have your bitcoins in the cloud, no service is reliable. Take CEX as an example. They seem to be more reliable but what prohibits them to just unplug everything tomorrow and keep your bitcoins? Nothing. Do you personally know them? Do you know where to sue them in case they take your bitcoins? No...it's basically the same exact risk you have with PBMining.
I have almost 90 GHS with them. Am I sure this is not a scam? No, I am not. But I am willing to take the risk.
Are other services more reliable? Not really. As long as you have your bitcoins in the cloud, no service is reliable. Take CEX as an example. They seem to be more reliable but what prohibits them to just unplug everything tomorrow and keep your bitcoins? Nothing. Do you personally know them? Do you know where to sue them in case they take your bitcoins? No...it's basically the same exact risk you have with PBMining.
I'm sorry but trawling through 960 responses for a very specific point seems rather over zealous. Unlike many others I do not have unlimited time to read through what is mostly of uninformative substance.
Of course it's my choice - no one ever said it wasn't. Doesn't mean I am not allowed to ask for further information.
Cex is irrelevant - I have not mentioned Cex once. I am evaluating PBmining based on its merits and solely on its merits and not in comparison to any other site. And just for the record - to refute your final statement there is more risk if it can't be proved that mining is occurring.
Take this for what it's worth, because I gave my word to not reveal everything I've been told.
But I am completely satisfied that they are indeed mining, and I've a good idea what their model is. I did NOT specifically verify the model I'm proposing here, but they did say I was on the right track. This addresses the electricity angle as well. I now personally know who the people behind PBmining are. I gave my word, so will not reveal that. They feel, and I agree, that due to the small size of their operation and the large probability of being attacked by hackers and other ne'er-do-wells that they have a large security risk by being public. They are indeed mining. It is my thought, again this part is unverified, that they are purchasing somewhere in the neighborhood of twice the hashpower that they sell. This gives them a good margin and a good profit above the costs of operation, thus the ability to sustain. The model being sell enough to keep ahead of the difficulty curve and purchase new and better hardware as necessary and possible. They are running a decent sized farm. If you do the math, even if they are only purchasing 125% of what they resell, they are able to keep ahead of the electricity/difficulty curve and continually expand. This also allows them to turn off or retarget obsolete hardware as it becomes unprofitable while still maintaining the contracts as stated.
Of course, you have little better idea of who I am than you do of them, though my real identity is known to the forum. Nevertheless, I am certain they are the real deal, and I will continue to both buy from them and promote their service.
Come to me my piggies!!!
Edit: Due to the Chuck Norris comments earlier, thought I'd clarify. That is me in the avatar, though I cut off my hair and regrew it since then. It's not blonde without a bottle, so I look a bit different right now
I don't see the resemblence, personally, but I sure won't be offended by the comparison! Chuck might, though. As long as it's not Mark K from Gox's new venture..
Good to know that the people behind PBM are known to at least some forum members.
Cheers,
D
Sorry, we are currently sold out.
Please try again later.
still can't buy GH/s?
Please try again later.
still can't buy GH/s?
I was able to buy yesterday but yes, they seem to be sold out for now.
I guess I was lucky.
D
do you guys really expect this company will last 5 years ?
About as much as I'd expect an ASIC to last that long...
Or half of the pre-orders to deliver by then..
Who knows indeed, At least my investment has a chance at lasting that long, even if it is only mining dust microbes by then :-)
Hi all,
Thought I'd share a little (long time lurker not much of a poster).
I started mining with the GPU in my Macbook about a year ago back when it actually meant something (dumb move mining on a laptop I know, Burned out logic board anyone?). But it gave me something to do while I read as much as I could about this 'magical' world of BTC.
I then set up a small-mid sized farm with Block Erupters and ran that from underneath my kitchen bench until my wife began to get annoyed at the noise, heat etc. They went to Ebay and I almost made ROI.
Then I switched to CEX and rode the downward wave until the only way I could make anything was obsessively watching and trading (still lost BTC).
Yesterday I cashed out my entire (meager) holdings in CEX, Added a little fiat and bought 55GHs on PBM. This is my largest hash power ever (have climbed from ~70mhs with the macbook to ~4.2Ghs with Erupters, Was sitting around 8GHs with CEX (more in futures but I couldn't see any future in those as the price tumbled) - I guess I have been building the whole time :-) ).
Anyhoo, Just wanted to say that so far it seems like PBM is the best thing out there right now for us small banana miners, I've read all of the scam threads and did it anyway. I think I even used one of you fellas ref links too so if you got an unknown ref it was me :-) ).
Mainly putting this post up to see what my post count is to see if I can enter the giveaways :-)
Maybe my little mining story gives someone some hope that all is not lost as well.
I'm not worried about the fiat cost of my little journey, You have to make mistakes before you get it right. Hopefully I'm on my way now.
Cheers and Beers,
Danglez
Insert obligatory ref link (just to see if it works) http://pbmining.com?ref=Danglez2907
Thought I'd share a little (long time lurker not much of a poster).
I started mining with the GPU in my Macbook about a year ago back when it actually meant something (dumb move mining on a laptop I know, Burned out logic board anyone?). But it gave me something to do while I read as much as I could about this 'magical' world of BTC.
I then set up a small-mid sized farm with Block Erupters and ran that from underneath my kitchen bench until my wife began to get annoyed at the noise, heat etc. They went to Ebay and I almost made ROI.
Then I switched to CEX and rode the downward wave until the only way I could make anything was obsessively watching and trading (still lost BTC).
Yesterday I cashed out my entire (meager) holdings in CEX, Added a little fiat and bought 55GHs on PBM. This is my largest hash power ever (have climbed from ~70mhs with the macbook to ~4.2Ghs with Erupters, Was sitting around 8GHs with CEX (more in futures but I couldn't see any future in those as the price tumbled) - I guess I have been building the whole time :-) ).
Anyhoo, Just wanted to say that so far it seems like PBM is the best thing out there right now for us small banana miners, I've read all of the scam threads and did it anyway. I think I even used one of you fellas ref links too so if you got an unknown ref it was me :-) ).
Mainly putting this post up to see what my post count is to see if I can enter the giveaways :-)
Maybe my little mining story gives someone some hope that all is not lost as well.
I'm not worried about the fiat cost of my little journey, You have to make mistakes before you get it right. Hopefully I'm on my way now.
Cheers and Beers,
Danglez
Insert obligatory ref link (just to see if it works) http://pbmining.com?ref=Danglez2907
Hi,
Thanks for the update, no problem (at least I know now that I wasn't doing something wrong for once).
Probably a good thing with the price tanking as it is, I only have BTC.2 in there anyway.
Just waiting to see what the situation is like when/if it stops falling.
I'm only toying around while I figure out if/when/what mining rig to buy since I retired my USB miners.
Cheers,
Dan
Thanks for the update, no problem (at least I know now that I wasn't doing something wrong for once).
Probably a good thing with the price tanking as it is, I only have BTC.2 in there anyway.
Just waiting to see what the situation is like when/if it stops falling.
I'm only toying around while I figure out if/when/what mining rig to buy since I retired my USB miners.
Cheers,
Dan
I get the same thing.. White screen - Have to kill it..
When I run the CLI I get a 403 error.. Over & over...
java.io.IOException: Server returned HTTP response code: 403 for URL: https://cex.io/api/balance/
at sun.net.www.protocol.http.HttpURLConnection.getInputStream(Unknown Source)
at sun.net.www.protocol.https.HttpsURLConnectionImpl.getInputStream(Unknown Source)
at CexAPI.post(CexAPI.java:153)
at CexAPI.apiCall(CexAPI.java:196)
at CexAPI.balance(CexAPI.java:238)
at Reinvestor.execute(Reinvestor.java:279)
at Reinvestor$ReinvestThread.run(Reinvestor.java:541)
Exception in thread "Thread-0" java.util.NoSuchElementException: No line found
at java.util.Scanner.nextLine(Unknown Source)
at Reinvestor$InputThread.run(Reinvestor.java:443)
Looks like something may have changed in the API?
Cheers,
Dan
When I run the CLI I get a 403 error.. Over & over...
java.io.IOException: Server returned HTTP response code: 403 for URL: https://cex.io/api/balance/
at sun.net.www.protocol.http.HttpURLConnection.getInputStream(Unknown Source)
at sun.net.www.protocol.https.HttpsURLConnectionImpl.getInputStream(Unknown Source)
at CexAPI.post(CexAPI.java:153)
at CexAPI.apiCall(CexAPI.java:196)
at CexAPI.balance(CexAPI.java:238)
at Reinvestor.execute(Reinvestor.java:279)
at Reinvestor$ReinvestThread.run(Reinvestor.java:541)
Exception in thread "Thread-0" java.util.NoSuchElementException: No line found
at java.util.Scanner.nextLine(Unknown Source)
at Reinvestor$InputThread.run(Reinvestor.java:443)
Looks like something may have changed in the API?
Cheers,
Dan