When you see a "50,000mAh" label, it is important to understand the engineering behind it. Most smartphones today carry a battery between 4,000mAh and 5,000mAh. On paper, this power bank should charge your phone ten times. However, the laws of thermodynamics and voltage conversion (moving from the internal 3.7V of the lithium cells to the 5V or 9V required by your phone) mean there is always energy lost as heat. You can realistically expect about 35,000mAh to 38,000mAh of "delivered" energy.
This is still a massive amount of power. For someone running demanding applications—like compiling C code in a mobile IDE or using a smartphone as a portable hotspot for a laptop—this reservoir ensures that a 12-hour day doesn't end prematurely because the lights went out or a charging port was unavailable.