PB Mining Payout - 79.98% ROI Achieved in 17 Weeks！
Cloud Mining Service – PB Mining
Number of Days Since Initial Purchase – 17 weeks
Currency Mined – Bitcoin
Contract Hash Rate – 100 GH/s
Contract Length – 5 Years
Payout Frequency – Weekly (every Sunday 24:00 GMT -6)
Amount Purchased – approx. 0.5 BTC (payment made in BTC)
Time Purchased – May, 2014
ROI (BTC) at the end of Week 17 – 79.98%
PB Mining Payout - This week's payout came in without hassle from PB Mining. Now, we are up to 79.98% in ROI from PB Mining.
Looking back, in the first 10 weeks, 58% ROI was achieved, which is about 5.8% per week on average.
-Week 4 - 24% ROI Achieved
-Week 10 - 58% ROI Achieved
-Week 15 - 75% ROI Achieved
-Week 16 - 77% ROI Achieved
From last week, however, we are up 2.98% or about 3%, so you can see returns are getting smaller by the week as bitcoin difficulty increases. Eventually, weekly payouts will get smaller and smaller as bitcoin mining difficulty keeps on increasing, until mining becomes unprofitable and there are no payouts.
We want to reach 100% ROI before mining becomes unprofitable, hopefully in the next 2-3 months!
Aside from the weekly payout, PB Mining has reduced their prices from 0.0027 BTC/GHs to 0.0026 BTC/GHs this week.
It's good to see further discounts from PB Mining, as Genesis Mining just started offering 'rock bottom' prices at 0.979USD/GHs/s, which was 22% cheaper than PB Mining's 0.0027 BTC/GHs, or 1.26 USD/GHs/s at 1BTC=468USD (yesterday's bitcoin price).
PB Mining's forte had always been with their top level prices in bitcoin cloud mining, but their strength is being challenged with Genesis Mining offering 0.979USD/GHs/s. On top of better pricing, Genesis Mining's management is more transparent, their internal admin is more sophisticated, both in design and revenue tracking, and their customer service is good, so many new users may prefer Genesis Mining over PB Mining.
For us, we see that PB Mining's strength as price leader is quickly being compromised with new companies with better prices entering the field, but we also believe that diversification is important, and given that PB Mining's price is still very competitive compared to most bitcoin cloud mining services, we want to wait and see how this price war between cloud mining companies evolve.
In the meantime, we will continue to test and review bitcoin and altcoin cloud mining services.