Bitcoin Forum
December 03, 2016, 05:48:07 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 [59] 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 ... 150 »
  Print  
Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297164 times)
Pzi4nk
Member
**
Offline Offline

Activity: 70


Move over clarinets, I'm getting on the band wagon


View Profile
April 30, 2013, 09:53:52 AM
 #1161

The base reward is 10% but that can be increased by refereals.

How much does each referral increase the reward?

(I know it depends on the amount you deposited and the amount your referral deposits, I'm hoping you can clarify those factors.)

Ex: I deposit 10BTC and I refer someone who deposits 10BTC. Would my reward now be 11% or 20%?
1480787287
Hero Member
*
Offline Offline

Posts: 1480787287

View Profile Personal Message (Offline)

Ignore
1480787287
Reply with quote  #2

1480787287
Report to moderator
1480787287
Hero Member
*
Offline Offline

Posts: 1480787287

View Profile Personal Message (Offline)

Ignore
1480787287
Reply with quote  #2

1480787287
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480787287
Hero Member
*
Offline Offline

Posts: 1480787287

View Profile Personal Message (Offline)

Ignore
1480787287
Reply with quote  #2

1480787287
Report to moderator
1480787287
Hero Member
*
Offline Offline

Posts: 1480787287

View Profile Personal Message (Offline)

Ignore
1480787287
Reply with quote  #2

1480787287
Report to moderator
1480787287
Hero Member
*
Offline Offline

Posts: 1480787287

View Profile Personal Message (Offline)

Ignore
1480787287
Reply with quote  #2

1480787287
Report to moderator
links-pyramining
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
April 30, 2013, 10:00:27 AM
 #1162

The base reward is 10% but that can be increased by refereals.

How much does each referral increase the reward?

(I know it depends on the amount you deposited and the amount your referral deposits, I'm hoping you can clarify those factors.)

Ex: I deposit 10BTC and I refer someone who deposits 10BTC. Would my reward now be 11% or 20%?

http://www.links-pyramining.com/mastering-pyramining

Here you can also find an investment calculator.

PyraLottery, the first clever lottery in the world!
http://www.links-pyramining.com/pyralottery
Join Pyramining through my referral links and take a chance at winning the not-so-big-but-quite-interesting jackpot!
bitpop
Legendary
*
Offline Offline

Activity: 1918


https://keybase.io/bitpop


View Profile WWW
April 30, 2013, 10:02:09 AM
 #1163

10% of 0 roi is 0

Reputation  |  PGP  |  DigitalOcean  |  OpenVPN 2GB Free  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
refaelsh
Member
**
Offline Offline

Activity: 75


View Profile
April 30, 2013, 10:06:25 AM
 #1164

10% of 0 roi is 0
Again?

Pyramine using this: http://pyramining.com/referral/742ctzqxf
If You liked My post, please doante here: 1PhKfcoFJbgfPcCPYih1RtWJWdYkmE2p4K
or here: LdYoTfzx8piWdrJdgufnpGKfvH1xSzjT1w
Pzi4nk
Member
**
Offline Offline

Activity: 70


Move over clarinets, I'm getting on the band wagon


View Profile
April 30, 2013, 10:07:20 AM
 #1165

10% of 0 roi is 0

Ha ha. I guess I should have said "hypothetically".
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
April 30, 2013, 10:09:41 AM
 #1166

Since the bitcoin value is noticeably higher than when Pyramining started, the payout threshold has been lowered to 0.1 BTC.
I wondered where that 0.5BTC came from. Thank you, I didn't think my 50MH/s would ever make it to 1BTC Tongue
Pzi4nk
Member
**
Offline Offline

Activity: 70


Move over clarinets, I'm getting on the band wagon


View Profile
April 30, 2013, 10:10:47 AM
 #1167

The base reward is 10% but that can be increased by refereals.

How much does each referral increase the reward?

(I know it depends on the amount you deposited and the amount your referral deposits, I'm hoping you can clarify those factors.)

Ex: I deposit 10BTC and I refer someone who deposits 10BTC. Would my reward now be 11% or 20%?

http://www.links-pyramining.com/mastering-pyramining

Here you can also find an investment calculator.

Thanks, great calculator.

BTW, answer is 20% for those just reading along.
biddicoin
Full Member
***
Offline Offline

Activity: 239



View Profile
April 30, 2013, 04:40:02 PM
 #1168

Everyone is waiting for answer. Admin, please, answer us. Whose ASICs did you  buy Huh

None, he's making his own.

Perhaps with avalon chips... perhaps he had a deal with avalon and received the chips first
Boelens
Hero Member
*****
Offline Offline

Activity: 672



View Profile
April 30, 2013, 05:57:52 PM
 #1169

I just deposited 0.2 BTC, about how long will it take to pay this back?
Otaci
Jr. Member
*
Offline Offline

Activity: 34


View Profile
April 30, 2013, 06:15:49 PM
 #1170

This investment does not seem like a good idea at the moment. I have hopes for his implementation of ASIC but I'm holding on investing any more until I see some progress in that area.

In other words: it may take a long time to get any return on any investment made now.
Monkey1
Sr. Member
****
Offline Offline

Activity: 420



View Profile
April 30, 2013, 06:18:06 PM
 #1171

That depends upon how you deposited it, future difficulty and when he deploys ASICs.

There are ways to reduce your waiting time, however.

Current predictions on Pyramining site (without deployment of ASIC) is 72 months to break even.  Once he deploys ASICs this will dramatically reduce.

Boelens
Hero Member
*****
Offline Offline

Activity: 672



View Profile
April 30, 2013, 06:44:41 PM
 #1172

That depends upon how you deposited it, future difficulty and when he deploys ASICs.

There are ways to reduce your waiting time, however.

Current predictions on Pyramining site (without deployment of ASIC) is 72 months to break even.  Once he deploys ASICs this will dramatically reduce.

Ah, that's great to hear. 72 months seems a bit much =P.
btharper
Sr. Member
****
Offline Offline

Activity: 389



View Profile
May 02, 2013, 12:21:13 AM
 #1173

The base reward is 10% but that can be increased by refereals.

How much does each referral increase the reward?

(I know it depends on the amount you deposited and the amount your referral deposits, I'm hoping you can clarify those factors.)

Ex: I deposit 10BTC and I refer someone who deposits 10BTC. Would my reward now be 11% or 20%?

http://www.links-pyramining.com/mastering-pyramining

Here you can also find an investment calculator.

Thanks, great calculator.

BTW, answer is 20% for those just reading along.
More generally, I think it's 10% of your referral's deposit converted back as a percentage of your deposit. If you deposit more after you get a referral your bonus % will go down but your total reward will still increase.
ninjaboon
Legendary
*
Offline Offline

Activity: 1512



View Profile WWW
May 02, 2013, 11:20:24 PM
 #1174

Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
May 03, 2013, 11:16:35 PM
 #1175

Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....

What ASIC chips are being used?

btharper
Sr. Member
****
Offline Offline

Activity: 389



View Profile
May 04, 2013, 02:15:08 AM
 #1176

Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....
Pyramining said he would look into buying competitor's chips when one of them could ship an order in a reasonable time frame. Avalone and now BFL can make chips, and can ship them to you "eventually". Nothing solid yet.

Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....

What ASIC chips are being used?
Homebrew, as has been said a dozen or more times.
Pzi4nk
Member
**
Offline Offline

Activity: 70


Move over clarinets, I'm getting on the band wagon


View Profile
May 04, 2013, 10:22:50 AM
 #1177


http://www.links-pyramining.com/mastering-pyramining

Here you can also find an investment calculator.

Really cool investment calculator at the above link.

Experimenting with various deposits spread out over three self-referrals (i.e., using my own referral links) it looks like the best average return (total return/total investment) is 20% and regardless of how you spread out the investments it will take something like 79 months (6.5 years) to get the full return.

On an annualized basis this works out to be 2.78% APR. (That is, if you invest $100 today at 2.78% APR in 79 months you will have $120 or a 20% return.)

This is not bad considering today's savings account returns but it's awful as an investment, especially one with any risk attached to it (as this one does). The only way it makes sense is if you believe you can get other people to use your referral links. It doesn't work as a stand alone investment.

There may be good reasons for using Pyramining, but I would look elsewhere for investing if you're looking for a decent ROI.
links-pyramining
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
May 04, 2013, 10:41:32 AM
 #1178


http://www.links-pyramining.com/mastering-pyramining

Here you can also find an investment calculator.

Really cool investment calculator at the above link.

Experimenting with various deposits spread out over three self-referrals (i.e., using my own referral links) it looks like the best average return (total return/total investment) is 20% and regardless of how you spread out the investments it will take something like 79 months (6.5 years) to get the full return.

On an annualized basis this works out to be 2.78% APR. (That is, if you invest $100 today at 2.78% APR in 79 months you will have $120 or a 20% return.)

This is not bad considering today's savings account returns but it's awful as an investment, especially one with any risk attached to it (as this one does). The only way it makes sense is if you believe you can get other people to use your referral links. It doesn't work as a stand alone investment.

There may be good reasons for using Pyramining, but I would look elsewhere for investing if you're looking for a decent ROI.

When ASICs will be ready, the time will be reduced dramatically... Pyramining says about 2/4 months. ASICs will be ready by the end of this month if everything goes fine! Smiley

PyraLottery, the first clever lottery in the world!
http://www.links-pyramining.com/pyralottery
Join Pyramining through my referral links and take a chance at winning the not-so-big-but-quite-interesting jackpot!
pyromaniac
Hero Member
*****
Offline Offline

Activity: 662



View Profile
May 04, 2013, 11:59:29 AM
 #1179


http://www.links-pyramining.com/mastering-pyramining

Here you can also find an investment calculator.

Really cool investment calculator at the above link.

Experimenting with various deposits spread out over three self-referrals (i.e., using my own referral links) it looks like the best average return (total return/total investment) is 20% and regardless of how you spread out the investments it will take something like 79 months (6.5 years) to get the full return.

On an annualized basis this works out to be 2.78% APR. (That is, if you invest $100 today at 2.78% APR in 79 months you will have $120 or a 20% return.)

This is not bad considering today's savings account returns but it's awful as an investment, especially one with any risk attached to it (as this one does). The only way it makes sense is if you believe you can get other people to use your referral links. It doesn't work as a stand alone investment.

There may be good reasons for using Pyramining, but I would look elsewhere for investing if you're looking for a decent ROI.
When ASICs will be ready, the time will be reduced dramatically... Pyramining says about 2/4 months. ASICs will be ready by the end of this month if everything goes fine! Smiley
2/4 months means 2 or 4 months, half month or 2/4 of current time in months, i.e. 36?

Pzi4nk
Member
**
Offline Offline

Activity: 70


Move over clarinets, I'm getting on the band wagon


View Profile
May 04, 2013, 12:53:08 PM
 #1180

When ASICs will be ready, the time will be reduced dramatically... Pyramining says about 2/4 months. ASICs will be ready by the end of this month if everything goes fine! Smiley

Yes, when ASIC mining starts it will change these numbers. It's difficult to predict the change in difficulty and therefore estimate the payback period in advance of these coming online.

Once ASICs are actually producing there will likely be a leap in difficulty but a reduction in mining activity as all non-ASIC miners drop out of the pool. This will give ASICs an initial advantage until the supply of ASIC mining machines catches up to the previous level of non-ASIC mining.

Once Pyramining has ASICs in place and producing coins I'll look at this opportunity again. Until then, I'm out.
Pages: « 1 ... 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 [59] 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 ... 150 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!