Yes, when you join you get 5 referral link assigned, linked to your account. When they expire (because they are used) you get fresh ones, so you will always have 5 available.

Don't worry I am not new to P2Pool.. :-)

1250 Spartan6 FPGA, I was on P2Pool since January, I had to leave it (sadly) because of Pyramining's members pressure (at that time there was a very low BTC generation compared to expectations). Since I like p2pool concept, I decided to give it another chance. Let's see if it's working better now! :-)

That someone it's me, with 120GH/s, and I have 120GH/s more to add, if everythings works well.

We will require you to post pictures! :-)

Fixed! :-)

Starting from now, it's not possible anymore to join without a referral. New accounts must be made under an existing sponsor. The basic reward starts at 10%.

Each time new deposits are made, they add hashpower at the specified rate (~ 17.76MH/s actually). Then the total hashing power is distributed to each member proportionally to their own deposits.

If you deposit 1 BTC, you add 17.76MH/s to the current 70.6GH/s, and you will get roughly 8.31MH/s. You will see your allocated hashing power increase over time, when other deposits are made.

I am taking down the website for an upgrade. It should need just a few minutes.

Update done. It was just a refactory/optimization. New features will be added soon.

Because I didn't want to repeat all the discussion, I wasn't referring only to that specific post, but all the subsequent ones.


Yes but increasing hashing power while increasing also costs, makes it a loss anyway. If you do some math, gambling is NEVER worth it.

It's true that someone in the world has so much luck that he changes his live with a winning ticket, but the chances are so low, compared to the cost (no matter how many tickets you'd buy) that it's not worth any effort. Much better going to work, it provides a guaranteed revenue, with almost 100% chances (almost because with this crisis around and failing businesses, you aren't certain anymore to get your wage, at least in my country!). :-)

I don't want to be annoying, I'd want to advice you to use your intelligence for something more effective/interesting/useful. There are 1/1000000 chances that I am wrong. :-) :-) :-) :-)

I hope you take this as an advice, and not as an hassle.

Read this, is valid even for this thread: https://bitcointalk.org/index.php?topic=98743.msg1082932#msg1082932 .

Call it as you like, my newly invented mining company is "gambling" then, and resembles exactly a scratch-ticket lottery (or almost any other kind of lotteries). I still don't see where is the fun.

Probably the fun exists when they are smart enough to give you the illusion that chances to win/prizes are higher than cost and/or risk. Still it's only an illusion.

Scratch tickets don't pay more than what you put in. It's exactly the same.

Would you buy bonds from a mining company that (I am putting some round number here to make it easier) mines out on average 1 block/day (~500 USD), and has a power cost of ~ 1000 USD / day?

Your idea is exactly the same, and it's worthless. However if you find it funny and you are willing to be an investor, I will start such a mining company on GLBSE for you. At the same time I will make a second company on GLBSE that sells power to the first one, with a huge markup, so investors may have higher dividends than Pirate! :-)

Ok, I think I have no way to explain it to you. Hope there's someone more clever than me who can do this task, before you and/or investors will lose money! :-)

False. The probabilty of the victory is DIRECTLY proportional to the number of tickets bought.

Let's suppose that winning chanche is 1 / 100000 each ticket.

If you buy 100 different tickets, your chance is 1 / 1000, no matter which rules you apply and how you arrange them.

Any system, over several enough cycles, yelds exactly same results as playing with random tickets.

Prove me I am wrong! :-)

Yes, but with a big expense (I assume you aren't familiar with statistics).

It's exactly like mining with huge power costs, hoping that luck would bring you a block before power costs will be higher than the reward.

Mc_lovin (but maybe this applies also to bitcoin.me), it's funny that you want to invest into mining companies and at the same time partecipating into lottery.

Mining is a very fast lottery, every hash calculated is a ticket, and if you win, you get 50 BTC.

Lottery is the same, much more slower, with the difference that money you put in is less than money you get.

It's like mining with extremely high electricity costs (higher than revenues).

Does it make sense?

I think that he wants to buy a set of other lottery's tickets with received funds, and in case they win, he will share the prize with investors as a dividend.

Because I am not comfortable for them to be publicly available... even because I made them during building and testing and there are details showing... However anyone interested in looking at them can just ask through a PM.

I am willing to show some pictures of the Pyramining infrastructure (last big upgrade) to members who are interested to see it. PM me for details on how to access pictures (Warning: if I receive too many requests, there will be some delay :-) ).

BTW: Someone of you already came here in visit and saw it, in person.