isis (OP)
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September 29, 2012, 07:51:11 PM |
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I've been doing some looking for a place to semi-deepfreeze funds for a period of about a year and have them generate interest instead of sitting in a paperwallet somewhere. I was wondering what everyone's thoughts are about Pyramining ( www.pyramining.com) Is it considered legit and at least moderately safe? It sounds like a good plan but has anyone actually verified they have the hardware etc and aren't a ponzi? Thanks for any info!
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BR0KK
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September 29, 2012, 08:04:39 PM |
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its supposed to be a mining bond. The name "pyra" is kind of confusing --> pyramind mining. I tried it with two BTC a week ago you could try it too with just a small ammount of BTC.
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lassdas
Legendary
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Activity: 3673
Merit: 1494
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September 30, 2012, 02:24:29 AM |
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its supposed to be a mining bond.
Some people might think so, but that's kinda wrong. In a bond, you as an investor own a share of the company issuing it, with pyramining you own nothing. You're basically just giving someone a (pretty cheap) loan, who then builds up a mining-farm for his own (or at least tells you so).
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eliale
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September 30, 2012, 07:23:28 AM |
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I, with my associate Paci, visited Pyramining twice.
Because The Rock provides insurance, trade back and bonds for Pyramining we had to verify its real existance and potentials.
We both had a very positive feeling about Pyramining future!
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symbot
Member
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Activity: 118
Merit: 10
Nobody accepts bitcoin on the moon.
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September 30, 2012, 08:54:12 AM |
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I made an initial small deposit in Pyramining, then spent quite a bit of time researching them before increasing my investment. My advice is to send PMs to "pyramining" here and ask to see the photos of the gear and the solar power panels, and also ask any other questions. "pyramining" has responded quickly to all the questions I have sent by PM. He/she has also answered nearly all questions posed in public in their thread. One caveat is that they have maintained some secrecy about who they are and where they are located, etc. But, it isn't a big secret. I think they are legit, and I have invested with them. But, like any investment you ultimately have to make your own judgement!
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isis (OP)
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September 30, 2012, 11:25:21 PM |
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Signed up with your cr8 code. I figured what the heck, you and I bump heads enough, if you give it a thumbs up it must be alright.
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SysRun
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October 03, 2012, 08:36:51 PM |
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I've been doing some looking for a place to semi-deepfreeze funds for a period of about a year and have them generate interest instead of sitting in a paperwallet somewhere. I was wondering what everyone's thoughts are about Pyramining ( www.pyramining.com) Is it considered legit and at least moderately safe? It sounds like a good plan but has anyone actually verified they have the hardware etc and aren't a ponzi? Thanks for any info! There's no free lunch, isis. TNO
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 03, 2012, 08:42:56 PM |
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Pyramid Scheme anyone?
It doesn't get much more obvious than that.
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crazyates
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Activity: 952
Merit: 1000
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October 04, 2012, 03:18:25 PM |
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Pyramid Scheme anyone?
It doesn't get much more obvious than that.
Think of it as more of pyramid, referral system, so if I refer you, I get a percent, and the person that referred me get a percent and all the way back to the top. Hence the pyramining Ya, that's his point: sounds exactly like a pyramid scheme.
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Akka
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Activity: 1232
Merit: 1001
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October 04, 2012, 03:41:45 PM |
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Pyramid Scheme anyone?
It doesn't get much more obvious than that.
Think of it as more of pyramid, referral system, so if I refer you, I get a percent, and the person that referred me get a percent and all the way back to the top. Hence the pyramining Ya, that's his point: sounds exactly like a pyramid scheme. But how is it a pyramid scheme, if they are bringing in external funds, from mining? Its kind of a pyramid scheme. You get 15% of the hashing power of everyone that joint pyraming to your reveal (until yor account is completed of course) and 7.5% of everyone joined trough someone below you and even 7.5% of the 3rd level. So 30% of this project is a pyramid scheme.
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All previous versions of currency will no longer be supported as of this update
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Raoul Duke
aka psy
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Activity: 1358
Merit: 1002
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October 04, 2012, 04:04:24 PM |
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One of the best methods I've seen to fund a mining operation. Granted.
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psilan
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October 05, 2012, 10:56:50 AM |
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What were the odds this would turn in to a referral spam thread? This is the only reason I don't like it. Referrals are so annoying.
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dip
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GenTarkin
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Activity: 2450
Merit: 1002
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October 05, 2012, 11:19:43 PM |
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Wait, if you dont participate in the referral system do you still make a return on ur deposited BTC? Or it just kinda chilling there...doin nothing...
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Akka
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Activity: 1232
Merit: 1001
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October 05, 2012, 11:40:08 PM |
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Wait, if you dont participate in the referral system do you still make a return on ur deposited BTC? Or it just kinda chilling there...doin nothing...
You are getting always your deposit +10% back. With reveals you increase your payback by 10% of what this person deposited, and more important, your hashrate increases (see post above). So if someone deposits 1BTC with my reveal, he gets 1.1 BTC back (after mining them of course) and I get 0.1 BTC (after mining them of course, too).
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All previous versions of currency will no longer be supported as of this update
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stepkrav
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October 05, 2012, 11:59:53 PM |
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I've deposited a small amount, to test it. We'll see...
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gweedo
Legendary
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Activity: 1498
Merit: 1000
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October 06, 2012, 01:38:34 AM |
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I've deposited a small amount, to test it. We'll see...
Small amounts don't work well, cause if it does hit about 1 bitcoin then you have to wait for the full payout, I am currently got a descent size and I get paid pretty regularly from it
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IMakeComps
Newbie
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Activity: 36
Merit: 0
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October 06, 2012, 02:38:42 AM |
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So its a pyramid scheme that admits its a pyramid scheme? Sounds legit.
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regular
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October 06, 2012, 09:36:16 PM |
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Where do the returns come from? Are you basically paying an unknown person BTC so they can mine on your behalf?
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