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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297590 times)
pyramining
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May 10, 2012, 08:54:27 PM
 #1

What is Pyramining?

It is a shared mining farm that allows you to borrow hashing power to mine for Bitcoins. Once your account is active, miners will keep working for you until you will be fully rewarded with the intial amount sent plus a bonus. There is a referral system implemented in order to increase your bonus.


Is it a pyramid scheme?

It is not. All rewards come from mining and not from recruiting members. All deposited amounts will be used to buy mining infrastructure.
Recruiting member allows you to increase your bonus/reward.


Since people do not read instructions on the site before creating an account and making a deposit, new account creation has been suspended until a solution will be found.


Here is a link to the initial discussion topic.

Here you can find the Frequently Asked Questions.
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Raoul Duke
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May 10, 2012, 08:56:03 PM
 #2

If anyone wishes, here are some referral links so you can earn a 10% bonus instead of 5% only:
You better signup now before PyraMining blocks new subscriptions Cheesy

http://www.pyramining.com/referral/n6cz8dqek
http://www.pyramining.com/referral/xp7zksfr2
http://www.pyramining.com/referral/xfrasm3z6
http://www.pyramining.com/referral/43a8p7yrk
http://www.pyramining.com/referral/m7zd69tns

pyramining
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May 10, 2012, 08:58:18 PM
 #3

Those links are broken.

Fixed ;-)
finkleshnorts
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May 10, 2012, 11:05:36 PM
 #4

Here's another one, also earns 10% from the get go.

http://www.pyramining.com/referral/k7yaxrghs (STILL ACTIVE!)

updated FRIDAY AUGUST 17


I have been doing this for several weeks now, and I am acheiving a *large* profit spread over several accounts. I encourage you to experiment with different setups and see what benefits you the most.
simon66
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May 11, 2012, 12:46:16 AM
 #5

Kinda confusing layout. So if I deposit lets say 1BTC I will get 1.1 BTC back (10%)?

Raoul Duke
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May 11, 2012, 12:57:22 AM
 #6

Kinda confusing layout. So if I deposit lets say 1BTC I will get 1.1 BTC back (10%)?

You can earn even more, if you get your own referrals.

finkleshnorts
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May 11, 2012, 02:24:08 AM
 #7

Kinda confusing layout. So if I deposit lets say 1BTC I will get 1.1 BTC back (10%)?

You can earn even more, if you get your own referrals.

yes..... a certain somebody is pushing a 5000% return on his bitcent.  Wink
Raoul Duke
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May 11, 2012, 02:27:05 AM
 #8

Kinda confusing layout. So if I deposit lets say 1BTC I will get 1.1 BTC back (10%)?

You can earn even more, if you get your own referrals.

yes..... a certain somebody is pushing a 5000% return on his bitcent.  Wink

That would be me. And it's not a bitcent. It's more Tongue Oh, and it's only 4700% now lol
Tomorrow will be less because I'll deposit more. I just don't want to withdraw money to send there, so I'll be sending when I have it available.
In the end, I'll probably get only 10 or 20% bonus.

pyramining
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May 11, 2012, 09:30:58 AM
 #9

I just allocated a total of 3.9GH/s to Pyramining. I am going to add this statistic on the website.
Sukrim
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May 11, 2012, 09:49:14 AM
 #10

How are incomes split up to the accounts? Oldest account, first paid? Every account the same? Weighed by deposit?

Anyways, here are some referral-links, I'll try to update them from time to time:

http://www.pyramining.com/referral/rq29ykpbz
http://www.pyramining.com/referral/q6be2xm49
http://www.pyramining.com/referral/2ybtz4eh8
http://www.pyramining.com/referral/fbqcnpyhm

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Raoul Duke
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May 11, 2012, 09:49:53 AM
 #11

I just allocated a total of 3.9GH/s to Pyramining. I am going to add this statistic on the website.

You should put more stats, like rewards distributed and such.

Also
Quote
Last update:   2012-05-10 19:16:05 UTC

                   ^^ Is that normal?

pyramining
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May 11, 2012, 09:55:43 AM
 #12

5.5 GH/s allocated to pyramining now. :-)
pyramining
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May 11, 2012, 10:21:04 AM
 #13

How are incomes split up to the accounts? Oldest account, first paid? Every account the same? Weighed by deposit?

It is weighted by deposit. I works exactly like this:

Every income generated by mining get split proportionally to the amount deposited. 30% of the income goes to sponsors. You get 15% of every direct referral income and 7,5% of 2nd and 3rd level referrals' income.
Raoul Duke
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May 11, 2012, 10:28:12 AM
 #14

How are incomes split up to the accounts? Oldest account, first paid? Every account the same? Weighed by deposit?

It is weighted by deposit. I works exactly like this:

Every income generated by mining get split proportionally to the amount deposited. 30% of the income goes to sponsors. You get 15% of every direct referral income and 7,5% of 2nd and 3rd level referrals' income.

I think you should allocate more GH/s... Check your recent deposits lol

pyramining
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May 11, 2012, 10:35:57 AM
 #15

You should put more stats, like rewards distributed and such.

I am working on this.

Quote
Last update:   2012-05-10 19:16:05 UTC

                   ^^ Is that normal?

The "update" attribute changes when the account status gets updated (for example: upon receiving funds or when rewards get assigned).
Sukrim
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May 11, 2012, 10:50:39 AM
 #16

It is weighted by deposit. I works exactly like this:

Every income generated by mining get split proportionally to the amount deposited. 30% of the income goes to sponsors. You get 15% of every direct referral income and 7,5% of 2nd and 3rd level referrals' income.

So let's say, there are 50 BTC deposited:

A has 40 BTC,
B deposited 9 BTC and
C only 1 BTC
(no sponsors etc. for simplicity)

You mine 1 BTC.

A gets 0.8 BTC
B gets 0.18 BTC
C gets 0.02 BTC
(in reality each -30% usually, unless there is no sponsor in the upper levels with any deposit)

^^^
Is this correct?

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
pyramining
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May 11, 2012, 11:22:51 AM
 #17

7.1GH/s allocated to Pyramining!
pyramining
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May 11, 2012, 11:26:59 AM
 #18

So let's say, there are 50 BTC deposited:

A has 40 BTC,
B deposited 9 BTC and
C only 1 BTC
(no sponsors etc. for simplicity)

You mine 1 BTC.

A gets 0.8 BTC
B gets 0.18 BTC
C gets 0.02 BTC
(in reality each -30% usually, unless there is no sponsor in the upper levels with any deposit)

^^^
Is this correct?

Yes, exactly. Mined bitcoins are split in this way. 30% goes upstream, and you further receive from downstream accounts. 30% of downstream income goes to active upstream (if there are any).
pyramining
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May 11, 2012, 12:46:59 PM
 #19

11.2GH/s allocated.
finkleshnorts
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May 11, 2012, 01:00:51 PM
 #20

Psy, 70000 percent? where the heck are you recruit these numbers? I picked up a couple on reddit.
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