I am developing this: http://www.pyramining.com/

[Raoul Duke]

BTW, i sent 2 deposits and only 1 is showing in the profile.

http://blockchain.info/address/1MxKSP9zGZSmuuSbz3XCp1c7Wdii9mzXjU

Disregard: It's the browser cache acting up. Changed browser and there it was.
Also the link BurtW used is still showing on my first browser but got correctly removed when I opened the other.

You should fix that caching issue

[pyramining]

I realize that this may be a little annoying, but I'm pretty sure it's more than 5 minutes 

Last update:   2012-05-10 12:12:52 UTC

It's been... 35 minutes?

Does it update once every hour?

It was a caching issue... it should work properly now. Thanks for reporting.

[bravetheheat]

Let's wait. Just joined also.
I love this pyramid shit. On the bitcoinpyramid I deposited 0.44 BTC when it started and got back almost 2 BTC. lol

If someone wishes, here is a referal link so you can earn 5% more bonus
http://www.pyramining.com/referral/p8ta69d24

I used that one, here is mine: http://www.pyramining.com/referral/3h4z89tes

*wonders if he should put one in as well*

Ah, well   http://www.pyramining.com/referral/erasbf439

[bravetheheat]

I realize that this may be a little annoying, but I'm pretty sure it's more than 5 minutes 

Last update:   2012-05-10 12:12:52 UTC

It's been... 35 minutes?

Does it update once every hour?

It was a caching issue... it should work properly now. Thanks for reporting.

Hmm... still not working. Same "Last Update" time.

[Raoul Duke]

I realize that this may be a little annoying, but I'm pretty sure it's more than 5 minutes 

Last update:   2012-05-10 12:12:52 UTC

It's been... 35 minutes?

Does it update once every hour?

It was a caching issue... it should work properly now. Thanks for reporting.

Hmm... still not working. Same "Last Update" time.

Change browser or clean your cache and you should see the data change.
The fact is that Firefox is still showing me the same and Chrome is showing things how it should. At least for now.
Best way to fix the issue is logout and login again.

[pyramining]

Change browser or clean your cache and you should see the data change.
The fact is that Firefox is still showing me the same and Chrome is showing things how it should. At least for now.

I am working on it, need some time for testing with Firefox.

[Raoul Duke]

Change browser or clean your cache and you should see the data change.
The fact is that Firefox is still showing me the same and Chrome is showing things how it should. At least for now.

I am working on it, need some time for testing with Firefox.

Fixed it with a logout and login

[bravetheheat]

Change browser or clean your cache and you should see the data change.
The fact is that Firefox is still showing me the same and Chrome is showing things how it should. At least for now.
Best way to fix the issue is logout and login again.

Chrome does not show the updated stats for me, but following your 'fix' worked perfectly
Cleaning the cache completely doesn't work, only logging out and logging back out.

btw, it still doesn't update every 5 minutes =P

Last update:   2012-05-10 12:30:35 UTC

[Raoul Duke]

What does this mean?

Code:

by bonus
Bonus  Referrals Completion 
566.8% 1         0% 
16.0%  1         0% 
10.6%  2         10% 
10.0%  0         10% 
10.0%  0         14% 

566.8% ? Math problem?

I have the exact same thing showing in my profile

[Matthew N. Wright]

 Good to see BitScalper is back. I was beginning to miss him.

[bravetheheat]

What does this mean?

Code:

by bonus
Bonus  Referrals Completion 
566.8% 1         0% 
16.0%  1         0% 
10.6%  2         10% 
10.0%  0         10% 
10.0%  0         14% 

566.8% ? Math problem?

I have the exact same thing showing in my profile

Oo, how much did you put in? Oo

[pyramining]

What does this mean?

Code:

by bonus
Bonus  Referrals Completion 
566.8% 1         0% 
16.0%  1         0% 
10.6%  2         10% 
10.0%  0         10% 
10.0%  0         14% 

566.8% ? Math problem?

It's not a math problem, this account sent a little amount (like 0.xxx) and his referral something bigger (like 5.xxx). Therefore he will really gain up to 566%....

I say "up to" because when an account is created, it gets 5% or 10%. If miners find a block, he start getting revenues. If he gets referrals AFTER, he will gain the bigger amount only for the remaining part (funds that aren't payed out yet). If referrals deposit funds in a short time, real gain corresponds to bonus. If referrals deposit when the account payout is almost completed, the real gain is the average between all the received rewards. In the profile section you can find "average bonus", calculated on current situation.

BTW: caching issues should be fixed now. Still testing a bit more.

[Raoul Duke]

I will deposit more. Waiting for some more money to arrive at my wallet and it will even out those 566.8% for sure

Interesting...

BTW http://www.pyramining.com/referral/3h4z89tes is still available - get in on the action early!

It would help if Matthew didn't come here slinging accusations without any proof.

I understand what pyramining is all about. Just a way for the owner to expand his mining operation with other peoples funds by paying them a bonus, just like if he took a loan and paid interest on it.

Ofcourse pyramining will explain this better than me

[bravetheheat]

According to my understanding of how this works, every btc 'lends' you a certain amount of mhash, which will then run and give you payments until the entire deposit+bonus is given back. Is that right?

[pyramining]

I will deposit more. Waiting for some more money to arrive at my wallet and it will even out those 566.8% for sure

If you add funds, the bonus % will decrease, because it's calculated on how much referrals deposited compared to your deposit.

The exact formula is: ((sum of referral deposits / your deposit) / 10) + 5 + 5 if joined through referral.

It would help if Matthew didn't come here slinging accusations without any proof.

I am new here and the world is full of scammers, so I might understand that some people could be skeptical.

I understand what pyramining is all about. Just a way for the owner to expand his mining operation with other peoples funds by paying them a bonus, just like if he took a loan and paid interest on it.

Yes, but mining gear will remain allocated to pyramining to allow faster rewards, until every account is payed back completely.

Probably I will close _new_ subscriptions when conditions make the system unsustainable (for example if block rewards drops too much, but it will happens 4 to 5 years from now).

[Raoul Duke]

I wouldn't even refer Matthew's accusation if he wasn't be so specific, like, if he said it was a scam operation. But he accused you of being someone specific...

[pyramining]

According to my understanding of how this works, every btc 'lends' you a certain amount of mhash, which will then run and give you payments until the entire deposit+bonus is given back. Is that right?

The amount of mhash lended per btc will increase as more people will join. I will add (proportionally) ~ 1 GH/s every  ~ 140 bitcoins deposited (depending on bitcoin value at the time deposits are received). In the FAQ section the cost per GH/s is always updated.

Probably I need to publish more stats on the site, I will work on it in the next few days.

[pyramining]

I wouldn't even refer Matthew's accusation if he wasn't be so specific, like, if he said it was a scam operation. But he accused you of being someone specific...

I don't understand this fully: does this Matthew sustain that I am someone else?

This is my first bitcoin project and this is my first and only account I have on this forum.

[Raoul Duke]

I wouldn't even refer Matthew's accusation if he wasn't be so specific, like, if he said it was a scam operation. But he accused you of being someone specific...

I don't understand this fully: does this Matthew sustain that I am someone else?

This is my first bitcoin project and this is my first and only account I have on this forum.

He accused you of being bitscalper. Do a search on the forums for bitscalper and you'll see what it is

[pyramining]

Yes, they could have floated a bond or stock on GLBSE but this is more fun.

That is my understanding also - BTC is used to purchase more hashing power.

BTC are used exactly to purchase more hashing power.

If you join without a sponsor, and you don't invite other member through referral you will earn 5% (like a bond).
If you help us spreading our initiative through referral, you have the chance to earn much more.
Finally, yes, this should be more fun.