Bitcoind was stuck and unresponsive. Service has been restored, and now I am keeping an eye on it. If it happens again, I will revert to previous version.

Since last time I received some PM of people concerned about the bitcoin mining activity: while the website is down, miners keep doing their work, there is no profit loss. It's only the web user interface that temporarily is out of service.

The website interface has been restored. I apologize for the long time taken by maintenance operations.

I configured a "courtesy" web server that will be active when I do maintenance. It's still rudimental, but better than nothing. I will improove it with time.

It's already at height 196200, so I think we just have to wait. Thanks for the info, anyway.

Maintenance is taking a bit more than expected. I updated to Bitcoin 0.7.1, and he complained about errors on the blockchain database. I deleted it and now it's still downloading. I expect it to take another couple of hours before restoring the website service.

AFAIK this is the only mining company that it's regularly growing and paying dividends to all members, and where investors didn't lose any satoshi.

To whoever thinks pyramining is a pyramid scheme: you didn't understand anything. Nobody is asking you to invest here. At least stop polluting with false/incorrect statements.

Pyramining website is undergoing maintenance, it will be back online shortly.

And I repeat the answer (it has been stated even in previous posts): I am not buying hardware from a vendor, we're developing our solution through a few partnerships with hardware designers. If well known vendors are a scam, it will mean that difficulty won't increase as much as expected and payments will happen much more quickly.

I just want to emphasize one thing: the "breakeven" and "complete reward" expected times that now are around 13 / 14 months, are based on CURRENT active mining infrastructure vs current difficulty. They don't take in consideration the new scenario with ASICs. When ASIC infrastructure will be added, I expect that they will shorten a lot (even if difficulty will hugely increase).

ASIC and FPGA will be separated until ASIC will be put into production. At that time, there will be no difference: all deposits will buy ASIC only.

If you deposit normally, you instantly add ~ 12 MH per BTC. If you deposit for ASIC, you will add ~ 769 MH per BTC when they will be available, but in the meantime the deposit is "sleeping".


It will add mining boosts and bonuses when they will be activated.

Write a PM with account details and some evidence that the account is yours. I will evaluate what can be done.

That amount includes your transaction commissions. It has been received as 1.10001111, and added to ASICs.

Selling to the public is not our priority: our software has not an user-friendly interface, we concentrate all our efforts on performances, and we don't have an helpdesk. Improoving software, adding helpdesk and so on, would only increase costs therefore reducing the margin that is making Pyramining extremely competitive.


The announced performances are the minimum guaranteed, but there is still a LOT of margin for improovement.

If you chained some accounts, and one deposits its reward into the other, the result is that you invest in the "current" technology. It means FPGA for now, and ASIC from the day they will be in production (obviously, the day ASIC will be ready, all the deposits will purchase ASIC hardware only).

However, currently, you have 1 chance on 10000 that the automatic deposit will go into ASIC. :-)

The difference is this: if you deposit with current infrastructure, you add around 12 MH for each BTC, while with ASICs you get 763 MH for each BTC. All the added mining power will benefit every user, increasing the efficiency of all accounts. It's up to the investor deciding if it is better to deposit with current infrastructure and waiting for other deposits to increase the available hashing power, or to wait for ASIC units to be effective.

For other Pyramining members is not much different if you hold your deposits and send them when ASICs are in production or if you deposit now with the new feature.

For Pyramining, having that kind of "pre-purchase" is helpful, because it contributes to an accurate planning and ordering of the correct quantities to the production chain, and reduce as much as possible the waiting times (and for who made the deposit there is a good chance to get on the "first train").


Yes, it's something I already thought about. I have to do some more calculations before adding such rules, and since deposits are in a "separate" balance, I can eventually announce this special bonus even later. However don't count on this, yet.

I thought about it, but there are already more than 2K addresses in the wallet.dat, and it would mean doubling them all (heavily slowing bitcoind). It seems that the x.xxxx1111 method fits better.

Yes it works. You can also deposit with x.xxxx1111 on existing accounts, and they will be used for ASIC only.

There are two reasons:
1) You might want to invest into ASIC technology and not current (FPGA).
2) If demand will be higher than production, deposits will be delayed, this helps me managing the queue.

Everyone can simply wait for their deposits until ASIC units are in production. I just implemented this feature because I received many requests from members and because our ASIC units are almost ready (it will take probably less than 3 months).

Current deposits don't "get upgraded", however new hashing power will benefit everyone, as I already explained in "this" and other posts.

Since ASIC miners aren't infinite, there's a chance that not all ASIC deposits will be activated, and may get delayed if they exceed the production availability.