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Man, seeing some 300-700 coin dumps. Crazy bears. Talk about cashing out. Oh well, someone'll buy 'em up.
How do you see the exact trades taking place? Still new to this. Use http://bitcoinity.org/markets  |
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Keep the same magnitude on the time axis, please. You're just making yourself look stupid..EDIT. Aight sorry, I had a moment of bad mood right there. Could've said it more nicely.. Sorry |
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Not quite, it was €7 billion given to them.. Sooo a few million dollars left to be 1/7th.. |
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50 month is too long for me. Can you assemble ASICs faster to people can get their money faster?
He did say earlier that the ASICs would be deployed mid-April and estimated that within a two-month period all existing account would finish, is that fast enough for ya? But just to confirm, that those dates still applicable? <3 |
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lol, watch it go right back up to $78. I doubt that breaking an ATH is ever a bulltrap.
Unless a big player buys his own wall protecting a new ATH in order to create artificial momentum? oh nvm, seems like buys are speeding up again :b |
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Could this new ATH just've been a bulltrap? Some heavy selling going on right now..
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Oh that's actually a quite nice indicator and yes, it's even around 60% higher than the previous high in June 2011! |
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There's more than 10K BTC available for less than $70 right now !
In a few days it'll be a lot more than that. Congratz on 3000 bear posts proudhon! |
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The market is boring and it's been three days since we've seen a new Zhou Tonged video.
I've gotten so much real-life work done, it's incredible how relatively slow this has been.  BTW - dip to 66 coming How on earth did you call this?.. Magic? Fairies? Potatoes? |
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I really like this! The layout could get a fresh-me-up, it looks a bit cheap (don't know how, I'm no artist :b) But the whole concept is awesome! Maybe you should also have daily bets though, where you can bet until 24 hours before the deadline. So you'll have week-long bets, closing bets 7 days before, while at the same time opening the next week-long bet, and daily bets that closes 24 hours before and like the week-long it opens the next bet.
Am I making sense? I'm a bit tired right now..
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Jesus, Are we going directly through 66?
EDIT: 2 minutes pass and it hit 66..
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I have no bloody idea what the hell you are saying. Excuse my profanity, but I found it necessary in this case, lol..
I think you may need to rephrase and elaborate on... Everything.. Providing sources could help as well...
If you want your word out, do it properly or no one will listen.
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That is not the case.
Deposits of A (1) > B (1) > C (1) > D (100)
Would lead to rewards of A (1.15) > B (1.2) > C (11.1) > D (110)
Hashing speed bonus goes up multiple levels. Bonus rewards ONLY go up ONE level.
If that's really the case then an update of the F.A.Q.'s is REALLY needed, because that is NOT what it says on the home page.. From reading them, I'd think I would get at least some sort of additional income from my referrals' referrals and my referrals' referrals' referrals.. Since it uses the actual word INCOME.. Pyramining, could you confirm btharper's statement? If you do, please edit the information... |
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I was sure that it worked like this:
We have account A, B, C and D, referrals are like this A -> B -> C -> D
A starts out with 1 BTC deposit and because he has no sponsor his initial reward will be a total of 1.05 BTC
B adds another BTC, because he has a sponsor his initial reward will turn out to be 1.10 BTC. A recieves 15% of the income generated by B untill B reaches 1.10 bitcoins, so A will add 1.10*0.15= 0.165 BTC to his reward giving a total reward of 1.215 BTC.
C also adds 1 BTC, his initial reward is 1.10 BTC, B's reward increases to 1.215 (same as A did in previous step), and A's reward increases by 1.10*0.075= 0.0825 BTC for a total of 1.2935 BTC.
Now here comes the big investment
D adds 100 BTC, making his total reward 110 BTC. This gives C 110*0.15=16.5 BTC extra reward and A and B gets 8.25 BTC each.
Total rewards turn out to be
A=1.05+0.165+0.0825+8.25= 9.5435 BTC
B= 1.10+0.165+8.25= 9.44 BTC
C= 1.10+16.5= 17.6 BTC
D= 110
Total reward= 146.6 BTC
If this is not the case, Pyramining seriously needs to edit their F.A.Q's..
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Hey Pyramining, I have a question regarding the ASIC Hashing power/BTC.. I checked around 2-3 months ago, and at that time the amount of hashing power received per dollars spent, was higher than that of any of the ASIC-products on the market. But right now it's 0.7 BTC/GH or equivalent 32$ per GH, where BFL is standing at 20$ per GH.
How come? Was the price higher than initially anticipated? Does that mean that early investors are getting more bang for buck than anyone investing now, or do they get less than expected?
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Thanks Smoov Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each. Or for that matter, 10 accounts with 10btc all linked to the one initial account... The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC. The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals. Right, so you're actually better off depositing a small amount initially, then following that up with a large referral... I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well  Damn, I wish you would have used me as a referral. Most people would deposit a small amount in the first account and chain it down from there and since bonus's go up three levels it's best to make a chain of accounts at least 4 levels down. Example if I were you I would have done something like this : 0.1 > 0.2 > 0.3 > 29.3 > 100 Oh sorry dude, I might end up making more accounts so I'll keep you in mind if I do With your suggestion though, as the rewards only go up three levels, that first account will never do anything will it (it'll never get to a 1BTC payout? Or will the 29.3 be feeding that...). It'd be awesome if there were a calculator site for pyramining that let you easily test out scenarios each deposit rewards itself 10% then 15% goes to one level up, then 7.5% and then 7.5% If the one of them finishes their "cut" of your hashing power goes up the chain if ANY accounts up the chain haven't completed yet. Sorry, could you clarify that part, I think a word is missing somewhere (and it might make a big difference where ). Do you agree that the 0.1 > 0.2 > 0.3 > 29.3 > 100 is the best way to go as well? Thanks! btharper is right. After doing some reading it seems it's the hashing power that goes up 3 levels but yes I still think that is a good strategy except the upper levels will complete before the lower ones and you'd have to redeposit a small amount again to receive the bonus in the upper accounts. Basically sponsers get a bonus so it's a good idea to be your own sponsor. Another strategy I thought of was 0.1 > 0.1 > 0.1 > 0.001 > 129 because is would cause the 0.0001 account to complete very quickly and you could recieve awards quicker and keep redepositing the 0.001. Just to make it one quote longer.. I'm 100% sure that it's income which is distributed among the sponsors. Taken from the F.A.Q.'s "30% of your income will be sent upwards: 15% of your income will be sent to your sponsor. 7.5% to the 2nd grade sponsor and 7.5% to the 3rd grade sponsor" It's also seen in action at the guy with the second highest bonus, who've deposited 10 BTC, but payouts are at 344 BTC and counting.. ( http://pyramining.com/account/browse?id=s9q3bxy8) |
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I love XKCD, but I can't find any mention of Bitcoin in that post about cornstarch. What am I missing?
Fourth picture the person says "I bought tons of bitcoins back when they were a few cents each. I can afford to do this forever"  |
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I was wondering the same, however from a different angle:
Will there be a super ASIC 2.0? With a similar gap like the one between FPGA and ASICs? Or do you predict there to be a much softer increase in efficiency (like the usual doubling in increase every 18 months)
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Where is the wall porn?! |
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Soo, let me get this straight.. You guys want us to invest in silver?
Take a look at the short run.. If I had invested 10000$ (my savings) in silver when you posted this thread (at 29$), I would today have earned -20 $ (lost 20 dollars.. If I sold at current price of 28.94)
On the other side, if I invested in Bitcoin, I would have earned 3,333$...
How can you say silver beats Bitcoin? Do you have some insider knowledge about Bitcoin that makes you believe that it will somehow fail? I think not..
My 2c: Leave the PMs for what they are good at, looking pretty and electrical appliances. They are way outdated as a means of exchange..
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