It's not a fair comparison. You need to add the cost of the host to run an Erupter. And then you should add your internet connectivity cost. And probably something for cooling it down since as I can read through the forum you can cook on them. Then, if you buy many of them you should also add the cost of hubs, power supplies, and something to fix them on. At the end you will see that it will not be 560MH/BTC anymore. Plus, when difficulty increases and they stop to be effective, you can't do nothing. There are people who paid 2 BTC for one of those things, and one month later they sell it at 0.6... not very serious. If your miner breaks up (and it happens more often than you think) your earnings stop with it. Here instead your hashing power is updated while Pyramining grows, and no account will remain unpaid.

All these words to tell that if you want to do comparisons, do it in the right way, and not considering only the appearance.

Finally there is still a lot of room for improovement, and we will not be out of competition easily, for example, now I'm running the first version, made in a hurry, I already planned a new revision of the hardware, which hosts more chips on a single board reducing overall costs by far, and it will be available in the near future. However, should anything more efficient appear on the market (not pre-orders!!), we can always switch to that.

Even if this doesn't apply to internet security, I like this statement and I agree with you.

In other situations I would not do it, however the Bitcoin world is our ideal place, let's try to keep it ideal on every point of view. As soon as there will be both servers up and running and after studying firewall policies, I will make them public.

Updated the current price of the infrastructure. We are at ~476 MH/BTC With new deposits I have been able to increase the production quantity and optimized costs furthermore.

Because there is a huge amount of work behind, and it takes time. However starting from 6th of August a friend of mine (who should be in holidays from his real job) will come to help me installing, and we should be able to empty the queue pretty quickly!

It seems that P2Pool is now mature and we can stick on it.

I am installing a second node, for redundancy purposes. Maybe I will release the IP addresses so everyone interested can partecipate.

I am still doubtful to declare the IP addresses to the public because if anyone wants to hurt pyramining, he could try to take down our nodes (and not the others).

Installing new hardware takes time, I am trying to do as fast as possible, and I am also temporarily employing a friend to help me. The whole queue should be emptied in around 2 to 4 weeks. No promises, besides that we're doing our best to install as fast as possible.

No, there wasn't. If you experience a strange behaviour, drop me a PM with your account details and I will check.

Just because ASIC and FPGA are mining to two separate addresses.

There are many factors: NRE costs, production costs, premises infrastructure, power conditioning (UPS), and so on. I insert all costs, the production quantity, the BTC value, and I get the GH/s/cost. Actually the NRE is almost fully paid and the infrastructure cost does not increase, there is plenty of space in the new room. Hardware cost is quite low, so the overall cost will drop dramatically in the next few weeks. Remember that new added hardware increase everyone's performances, so do not worry about the increasing difficulty.

We accumulated a really slow income rate while waiting for ASICs to be available, but things are changing quickly now.

I answered in a PM, sorry for the long wait!

There will be days when more blocks will be found, re-balancing the average.

However, overall, we should gain almost 10% more than using PPS since there are no pool fees (only a small donation to forrestv) and we get also the transaction fees.

Some new deposit with really small amounts ( < 0.01 BTC ) are going to be activated because they do not change almost anything in the mining scenario, and they are polluting the queued deposit database. Hope nobody will complain for this.

Right.


The little negative balance has been paired, and now payouts are restarting. Next ones will be bigger.

If there will be a real convenience, I may think about implementing it.

Indeed the sharing is started when ASIC accounts are activated.

Yes, it's what I was thinking about, for the moment (until I'll switch to solo), the only concern is that knowing an IP address could lead to DoS attacks... I will ponder it.

I have done a lot of work in the last two weeks, including change of pools. There was a slightly negative balance (around 6 BTC) and new pools (mainly P2Pool, which now is working very well) generates payout that are active after 120 confirmations. All summed up has caused some delays in the payouts. However don't worry, they will come again very soon and they will be a bit more "consistent".

ASIC accounts add hashing power to the whole pool, and revenues are distributed proportionally to each deposit. This protects all the deposits, because the day when better devices are available, everyone will get advantages.

It's worth considering. As soon as I have time, I will work on it!

Your deposit will become active between the end of this week and the next.

However I ask to the others to be patient, because I can't handle mass-requests... all accounts will become active as soon as possible!