I didn't do any calculation yet, but I would be happy to donate a reasonable amount if it gets an improovement over current hashrate. I'm running ~2000 FPGA on ZTex boards (~50 single, the rest quad). The only requirement is that the whole thing must be open-source, with no keys, sig, and various complications.

Your BTC wallet has been cursed! :-)

I sent you instructions on how to view it. It's not public, I will give access to those who will ask with a PM.

ROTFL!

Sorry for the late answer, I just have been back from travelling. I confirm that I received the missing shares and their relative payout. Everything OK, I am satisfied by the way this issue has been managed.

Happy mining to everyone.

Personally, I would never invest into a company that pollutes the internet (facebook, blogs...). It's kinda weird and not serious. It's borderline with spam and it's not 'optimization'.

Can I order a body odor against myself? And if it doesn't work can I get refunded?

I manage 6 accounts and in one day I should receive ~ 100 BTC in total. On 9th September I received only ~ 16, and about 84 BTC are still missing. It's not the _exact_ count, I don't have a database of the shares, but the correct numbers should be close to these. It would be nice to know when the balance will be fixed.

Thank you.

Still waiting...

I'm still in early stages, so there is nothing to announce for now... be patient! :-)

Maybe I could do it by the end of next week. Now I am working on the ASIC front.

You can preorder my signature space. Send bitcoins at my address and I will delivery the message at the end of February 2013.

Actually ~ 80% of the hashing power is directed to abcpool, the 20% remaining is split between p2pool, ozcoin and btcguild.

Regarding solo mining I am planning to do it, but I am not convinced to point miners directly to bitcoind. There are almost no info about the progress and it would be harder to check if something is going wrong. I'm planning to install a backend (like pushpoold) and use it for mining. I am doing some tests in these days, when it will be ready I will announce it here. Any advice is welcome.

The reason of no payouts:

https://bitcointalk.org/index.php?topic=33586.msg1175455#msg1175455

You should expect bigger payouts in the next few days.

Can I keep miners there or is it better to move, meanwhile? (or: are mined coins lost?)

The same here: miners are connected and working but stats are blocked. What happens? (250GH/s in total, so I am a bit worried :-) )

I think that the only one that looks similar to Bitscalper in this thread it's you.  Same position: SCAMMER.

Only first level is a bit faster, second and third aren't that much. And first levels got only 5% bonus, that's balancing it. You could achieve much faster rewards recruiting referrals. There are accounts that have been completed in 3 months and obtained extremely high bonuses.

I really can't say. There are too many variables. In my opinion it will continue to grow. If bitcoin value drops, the growth will be slow and little. Maybe it will double in 1 year or a bit less. If bitcoin value rises, it will grow 3x or 4x. If ASIC miners really show up, probably it will go 50x within 1 year, more if the bitcoin value increases, probably up to 70x. I can't really say what will happens, the increase span can be from 2x to 70x... I think when it can vary so much it's useless to try to make predictions.


I don't think it's a good idea for several reasons: when ASICs miners comes out many accounts will be completed or near to be. And sharing abundand ASICs' hashing power will benefit everyone. If ASIC operations would start on their own, it means that who invested in FPGA units now will not have any chance to get their revenue in a reasonable time. I expect that it will take 5 to 6 months from ASICs appearance to when FPGA can be shut off, so the migration path between technologies will be gradual enough to not hoard new investors with old accounts/hardware and to prevent old accounts from losing profitability.

I also have my own capital, that's not related to Pyramining deposits, and I could invest part of it to ease the migration process, buying some hardware in advance at my expenses and using it for Pyramining until things stabilize.


Actually hashing power is spread over a few mining pools. I didn't configure a solo-mining set up because at 100GH/s variance is still too high... I tried to switch all the power on p2pool around half of august (see p2pool graph/statistics) and when rewards are not spread regularly enough, people start complaining/worrying that something doesn't work and so on...
At current conditions variance could even let us mine 2 days without results. However in the long term it should be the most profitable solution.

I am ready to switch to solo mining, I have all the software already configured, but I think I will do it only when the hashing power/difficulty ratio will be double than now or more.

This is just an estimate (it's also written in the notes). It takes in consideration several parameters but it's just an estimate. I can't foresee the future. It takes in account reward halving and the completion of older accounts, leaving their infrastructure for the remaining active ones. Moreover, new infrastructure gets cheaper and cheaper so the hashing power dedicated to each account increases with time.

Reward halving seems that it will happen some weeks before expectations, so there is really a chance that things may slow down a bit.


it depends on new deposits and the availability of new hardware devices (ASICs for example).


It's like asking me which Powerball lottery combination will win the next time!


Here there is no assumption. The more referral deposits you get, the shorter your breakeven will be. There are accounts which completed in 3 months.


It's not taken into calculation yet. Too little.


I hope it will not grow. Besides there is also a photovoltaic plant that should prevent/reduce the effect of an eventual electricity cost increase.


I assume that this service doesn't give more warranties than investing in your own mining equipment.
There are however some advantages investing here instead on your own hardware:
- If you buy hardware yourself you would get less hashing power. I am doing really a lot of efforts to buy infrastructure hardware at the best prices possible. These efforts included to produce our own FPGA boards (on license), and R&D and partnering with other companies for future ASICs.
- New deposits raise the average MH/s for every account.
- You don't need to care about maintaining/operating the service, the noise of the fans, the heath generated, space occupied, and so on. I'll do it for you in a professional way (this part shares something with my main job, so I think I am suited to do it very well).

If you invest anytime in your own equipment it's unlikely to be better than investing it here.

Should mining become not profitable one day, even Pyramining won't be. Here we do mining, not magic. :-)


I'll try to update F.A.Q. in the next days.


You should invest into Pyramining if you want to invest in Bitcoin Mining yourself and want to take all the advantages offered.


I won't consider ASICs until I will see one working. As I stated, we're also working to get an ASIC solution, but it will not be anytime soon. If Butterfly Labs will really ship ASIC things on October, I will buy BFL until something better will be available.


I don't want to invest (your) money into something that does not exist. If they run with the money or if they release a faulty product, you will complain about my bad decisions. I invest all deposits in what I consider the best solution available in that moment. If you want to invest in ASICs, hold your funds until they will be available, I can't hold them on your behalf.

I hope that everything is clear enough... should you have any other questions or if you want to discuss any point, feel free to do it.