PB Mining - Cloud Mining

I've recently purchased a cloud mining contract with PB Mining, the cloud mining service. They market their service as (currently) 0.0044 BTC per GH/s which comparative to other similar services, is quite inexpensive. The current going rate for a GH/s on CEX.io is somewhere around 0.0072 BTC per GH/s. Now, the prices on CEX.io do fluctuate constantly so you can profit off of them differently in that regard. However, the GH/s on CEX.io have a maintenance cost unlike PB Mining.

PB Mining contracts are for 5 years at whatever hash rate you select. Payouts are automatic each week, which obviously is a bit of a disadvantage for some miners, but as long as you're fine with getting your payouts in chunks every 7 days, there shouldn't be much of a problem.

I purchased a contract from them at a flat rate of 100GH/s (for 5 years), each week the payout should be approximately be 0.0336 BTC (depending on pool luck of course), and with no overhead from needing space or electricity, this is a pretty good deal. This won't be the most efficient way to earn bitcoins, hardware is much faster (and cheaper) but if local mining just isn't something you want to do, this is a very viable choice.

In a week or so, I'll make another post about my actual gain from a full week of mining and see how it stacks up to projected calculations, stay tuned.

You can test it for yourself here

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