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Author Topic: Pyramining, is it really worth it?  (Read 4140 times)
QuantumKiwi
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October 05, 2012, 10:28:24 AM
 #1

Pyramining - Is it really worth it?

Can it generate mass ROI?

Any success stories?

Can pyramining make you money?

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jochemin
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October 05, 2012, 10:50:50 AM
 #2

I don't know, but just in case...

http://pyramining.com/referral/qnzmxfpyt 2012-10-05 07:42:00 UTC still active
http://pyramining.com/referral/yh6nc3mrs 2012-10-05 07:42:00 UTC still active
http://pyramining.com/referral/6etkm9pcg 2012-10-05 07:42:00 UTC still active
http://pyramining.com/referral/rscpzfk4y 2012-10-05 07:42:00 UTC still active
http://pyramining.com/referral/8y2r9d67z 2012-10-05 07:42:00 UTC still active
scatha
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October 05, 2012, 11:08:55 AM
 #3

loox pretty neat to me, a serious alternative to mining bonds

here my referral links, as well -->>

http://www.pyramining.com/referral/mad8x6c9t
http://www.pyramining.com/referral/b86xsat97
http://www.pyramining.com/referral/aqk826tpz
http://www.pyramining.com/referral/fxrnz8qkt
Akka
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October 05, 2012, 11:14:10 AM
Last edit: October 09, 2012, 07:06:50 PM by Akka
 #4

Well, you don't make quick money with it. It really takes long until you see some returns.

Also compared to other investments the 10% (+x% for reveals) you get on your investment aren't that much.

Also consider, that there is no withdraw option. Once you have sent your coins there is no turning back.

So consider carefully before joining.

For me, my first account is completed. Deposited 4.57 BTC got 6.63 BTC back in about 4 Month(got some good reveals). My second account is about 13% after 2 month.

If you really want to joint up look closely into your sponsor. Your sponsor will get 15% of your Hashing power until he is completed, his sponsor 7.5% and the next level 7.5% too. If they are completed this is given to the next active account. So you get faster returns when there are fewer active accounts above you.

You can preview your sponsor before joining, by clicking on sponsor in the upper right corner on the pyramining page after you have clicked on a reveal link.

 

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Raoul Duke
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October 05, 2012, 11:28:35 AM
 #5

I'll just leave a link to my stats page...
http://www.pyramining.com/account/browse?id=s9q3bxy8

Akka
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October 05, 2012, 11:35:33 AM
 #6

I'll just leave a link to my stats page...
http://www.pyramining.com/account/browse?id=s9q3bxy8

Ohh, come on. Really?

That makes me a bit envy.

...

Ok, not only a bit. And it's only at 50%!

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Raoul Duke
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October 05, 2012, 11:44:42 AM
 #7


Yes, really.

cambda
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October 05, 2012, 11:58:19 AM
 #8

The risk is high considering only 110% return in one year. Wait the ~completion time is now 14 months and it is growing up. Not worth putting bitcoins there.

Based how many referals i see it seems more like ponzi scheme than legitimate business. I wouldnt be surprised if no hardware exists for mining at all and it collapse sonner or later Grin

Anyway you have to trust them. Why you dont buy mining equipment and mine yourselves? It does not have smaller return and is not as risky as this.
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October 05, 2012, 12:25:39 PM
 #9

The risk is high considering only 110% return in one year. Wait the ~completion time is now 14 months and it is growing up. Not worth putting bitcoins there.

Based how many referals i see it seems more like ponzi scheme than legitimate business. I wouldnt be surprised if no hardware exists for mining at all and it collapse sonner or later Grin

Anyway you have to trust them. Why you dont buy mining equipment and mine yourselves? It does not have smaller return and is not as risky as this.

I have personally visited pyramining infrastructure. I understand that my word is worth nothing, but
I want to add my opinion on it: pyramining is worth it, and it's serious business.

You can even see some photos here:
https://www.bitcoin-italia.org/forum/Thread-Immagini-della-centrale-di-un-famoso-minatore-italiano

/paci

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QuantumKiwi
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October 05, 2012, 08:03:45 PM
 #10

Thanks for the photos, much appreciated and the advice Smiley

Pyramining Links - Since someone else spammed my post Tongue

http://www.pyramining.com/referral/697pbtkdn
http://www.pyramining.com/referral/k6d9t2amb    
http://www.pyramining.com/referral/3bzag26xt

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BobbyJo
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October 07, 2012, 06:34:15 PM
 #11

You could buy your own kit, but with the cuirrent difficulty level, the cost of electricity excludes this option for many.  ASICs will change that, however not for a while.  This is a good return on ivestment as the 10% assumes you dump your BTC and ignore it until it completes.  If you are clever about how you organise your accounts and referals you can make much more and much more quickly!  If you choose me as your sponsor and deposit a reasonable amount, I am willing to demonstrate!

http://www.pyramining.com/referral/rqsf7d4h2
http://www.pyramining.com/referral/2hysa47ft
http://www.pyramining.com/referral/q26chxfrg
http://www.pyramining.com/referral/2zhx8pdm7
http://www.pyramining.com/referral/ncahx4r2d

fankih
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October 09, 2012, 12:21:19 PM
 #12

I would say definitely worth it!

I'd be happy if you would choose one of my links as many other satisfied pyraminers before! =)

http://pyramining.com/referral/rm4qht7ns   2012-09-10 10:55:11 UTC   still active
http://pyramining.com/referral/2nyd3rqzc   2012-09-05 07:52:41 UTC   still active
http://pyramining.com/referral/eckrasp34   2012-08-27 20:21:47 UTC   still active
http://pyramining.com/referral/d62mpqrfk   2012-08-26 15:20:09 UTC   still active
http://pyramining.com/referral/nry768a4d   2012-08-26 15:20:09 UTC   still active

Thank you in advance!


-fankih-
MPOE-PR
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October 09, 2012, 03:06:01 PM
 #13

Pyramining - Is it really worth it?

Can it generate mass ROI?

Any success stories?

Can pyramining make you money?

It's a Ponzi.

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Akka
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October 09, 2012, 03:27:40 PM
 #14

Pyramining - Is it really worth it?

Can it generate mass ROI?

Any success stories?

Can pyramining make you money?

It's a Ponzi.

The hardware is really there:
https://www.bitcoin-italia.org/forum/Thread-Immagini-della-centrale-di-un-famoso-minatore-italiano

and pyramining is indeed mining and paying so far. From all the investment out there I would consider this the most unlikely to be a ponzi.

Also before the point it really paid out more than it collected you can't know for sure.

And right now, nothing would really surprise me.

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gweedo
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October 09, 2012, 06:29:21 PM
 #15

Pyramining - Is it really worth it?

Can it generate mass ROI?

Any success stories?

Can pyramining make you money?

Yes pyramining makes a lot money, it depends if you want to put in the work to spam everyone your links to build up your referrals.

http://www.pyramining.com/referral/329b84tfg           2012-06-16 05:32:05 UTC   still active
http://www.pyramining.com/referral/cma9hkbex   2012-06-16 20:33:38 UTC   still active
http://www.pyramining.com/referral/azr8tqbyf           2012-10-03 20:51:54 UTC   still active
http://www.pyramining.com/referral/7gpxmszda   2012-10-06 01:36:13 UTC   still active
http://www.pyramining.com/referral/r7p8xynkm   2012-10-06 01:36:13 UTC   still active 
Gavin Andresen
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October 09, 2012, 06:57:25 PM
 #16

I'll outsource my thoughts:
  http://skeptoid.com/episodes/4176

How often do you get the chance to work on a potentially world-changing project?
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October 10, 2012, 06:51:08 AM
Last edit: October 10, 2012, 07:11:10 AM by HostFat
 #17

Also before the point it really paid out more than it collected you can't know for sure.
It can because he will still mining even if everyone stop sending bitcoin to it.
You are funding his mining rig.
So you know its business plan, it isn't hidden. Make your choice Smiley

I personally think that the worst case is that his mining rig get destroyed by asteroid/terrorists/earthquake

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October 10, 2012, 07:12:45 AM
 #18

I have personally visited pyramining infrastructure. I understand that my word is worth nothing, but
I want to add my opinion on it: pyramining is worth it, and it's serious business.
I've been there too, it's an awesome infrastructure and the guy running it is very serious.
He also has some amazing plans for the evolution of the farm in the future.

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pyramining
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October 10, 2012, 08:35:31 AM
 #19

The risk is high considering only 110% return in one year. Wait the ~completion time is now 14 months and it is growing up. Not worth putting bitcoins there.

The risk is depending on mining and nothing else. And for sure is not higher than buying your own mining equipment. Since hashing power costs much less than buying FPGA on your own (expecially if small quantities are involved), even if you open an account and drop funds without finding any referral grants you a faster ROI.

Based how many referals i see it seems more like ponzi scheme than legitimate business. I wouldnt be surprised if no hardware exists for mining at all and it collapse sonner or later Grin

I showed pictures of the infrastructure to people who requested it. And several persons (also members of this forum) came and visited the infrastructure in person. And no, it is NOT a ponzi scheme. The "referral" thing is advertising for pyramining and a way to increase earnings for members.

Anyway you have to trust them. Why you dont buy mining equipment and mine yourselves? It does not have smaller return and is not as risky as this.

We do a lot of R&D, here, and buying your own mining equipment costs much more (almost double) so your return is delayed a lot, and the risk therefore is higher. Moreover what does it happen for people who bought FPGA units recently and still didn't breakeven, while we are close to an huge difficulty increase? They will never mine enough bitcoins to cover their investment. While who invested in pyramining will benefit for the infrastructure upgrade and don't lose money.

I think that there are not any other mining company who could compete with my plan. I didn't follow them closely so I am not sure of what I am saying here, but probably most (if not all) GLBSE mining companies made their investors lose money.

I never received any complaint from anyone of my members.
pyramining
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October 10, 2012, 08:37:14 AM
 #20

It's a Ponzi.

And you didn't even try to understand what's behind before clicking 'reply' and write something superficial and wrong! :-) Go back to your porn stock exchange. :-)
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