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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297206 times)
simonk83
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June 08, 2013, 11:35:47 PM
 #1321

You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.
So yeah, you don't want to get my point. Did I say I wanted to hear in detail what he does? Did I say I wanted to hear what methods he uses, whether they are secret or not? Just some signs of life.

You're right, I completely agree.  A quick couple of lines progress report each week would go a long long way.
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gektek
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June 09, 2013, 02:31:27 AM
 #1322

So...as a fan of Pyramining I have a concern about the people wanting to withdraw early... Lets say Pyra does allow early withdraw, however steep the terms may end up being, with more and more accounts not having hashing power taken up by their deposits...that means that those that remain 'in' would potentially gain a little bit more hashing power for their deposits...? Stay the same...? Lose power...? What would happen?

Been awhile since any official update I understand so speculation from the crowd will suffice for now Wink
tex83rb
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June 09, 2013, 01:07:36 PM
 #1323

Lets say Pyra does allow early withdraw,


how? so knowing this  , a person can decide what to do with cold mind.


and also the updates once a week only to hear "i'm working on" instead of having no updates and replies for months... it's al la psicological thread...

these things  are useful for a person who invested in.

also last drop of bitcoins, i think it's all psicological threads like normal exchanges.
panic sells and these things.


but having possibilities to exit , it's better than not having. maybe i will remain in however, but more quiet!!!

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June 09, 2013, 01:45:48 PM
 #1324

You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.
So yeah, you don't want to get my point. Did I say I wanted to hear in detail what he does? Did I say I wanted to hear what methods he uses, whether they are secret or not? Just some signs of life.

You're right, I completely agree.  A quick couple of lines progress report each week would go a long long way.

Spot on. As investors, we have a right to see some timelines.

pyromaniac
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June 09, 2013, 02:32:01 PM
 #1325

Pyramining looks like Moses, who led the Jews in the desert. He is almost cult person, and no one can be sure that he will ever see the Promised Land (Bitcoins). This looks like a joke, but this is not very funny.

platti
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June 09, 2013, 03:29:28 PM
 #1326

I received a payment from Pyramining today...thank you.

You don't need to thank me, it's just normal.

I hope Pyramining is not dependent on [edit: put your favorite vendor here] with their Asics... don't want to loose all my coins

Nobody will lose their coins. Should something go extremely wrong (extremely unlikely), coins will be sent back. I'm financially solid.



ok, pyramining please send back. i gave you a credit for 4 month with my pre-investing in the asics.
 its not funny anymore

alexius89
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June 09, 2013, 06:10:34 PM
 #1327

@Pyramining    please refund my invested amount because  now there is something extremely wrong!

gweedo
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June 09, 2013, 07:16:59 PM
 #1328

You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.
So yeah, you don't want to get my point. Did I say I wanted to hear in detail what he does? Did I say I wanted to hear what methods he uses, whether they are secret or not? Just some signs of life.

You're right, I completely agree.  A quick couple of lines progress report each week would go a long long way.

Spot on. As investors, we have a right to see some timelines.

Hardware is the most difficult venture, even if you had a timeline, I bet they miss or even up pushing back most dates. It wouldn't really help.

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June 09, 2013, 07:20:04 PM
 #1329

I received a payment from Pyramining today...thank you.

You don't need to thank me, it's just normal.

I hope Pyramining is not dependent on [edit: put your favorite vendor here] with their Asics... don't want to loose all my coins

Nobody will lose their coins. Should something go extremely wrong (extremely unlikely), coins will be sent back. I'm financially solid.



ok, pyramining please send back. i gave you a credit for 4 month with my pre-investing in the asics.
 its not funny anymore

@Pyramining    please refund my invested amount because  now there is something extremely wrong!

Newbie investors, just cause you have bitcoins to throw around doesn't mean you should. Did you even research mining and pyramining and just how difficult building an asic is before sending bitcoins. If you both answered no, well you failed as investors. I doubt they return your money cause you oboviously didn't even read the TOS BEFORE SENDING YOUR MONEY.

Stupid newbies, at least pyramining isn't a scam, and could pay off bigger than ASIC miner once they get some ASIC hardware, but yeah.

Want to earn 2500 SATOSHIS per hour? Come Chat and Chill in https://goseemybits.com/lobby
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June 09, 2013, 07:30:39 PM
 #1330

@Pyramining    please refund my invested amount because  now there is something extremely wrong!

I think you have learnt a valuable lesson, think before you invest.
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June 09, 2013, 07:34:31 PM
 #1331

@Pyramining    please refund my invested amount because  now there is something extremely wrong!

I think you have learnt a valuable lesson, think before you invest.

He isn't going to learn anything cause once pyramining puts up the ASICs he is going to be making money hand over fist.

Want to earn 2500 SATOSHIS per hour? Come Chat and Chill in https://goseemybits.com/lobby
seot
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June 09, 2013, 08:05:55 PM
 #1332




 Did you even research mining and pyramining and just how difficult building an asic is before sending bitcoins. If you both answered no, well you failed as investors. I doubt they return your money cause you oboviously didn't even read the TOS BEFORE SENDING YOUR MONEY.


+10. Many people wants to do quick and easy money (bitcoins in this case) without even thinking. Piramining is not quick money, and that makes me feel very comfortable and trust he is really working;  quick and easy money is always scam.
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June 10, 2013, 03:18:49 PM
 #1333

but a time range of launching the ASICS  what be fine  but there is nothing acutally..  I didnt invest in the ASICS so far only in the normal hashing devices.

What you guys guess  will be the launch time of the ASICS?

btw.  i have learned  from mistakes,,i hope :O

gweedo
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June 10, 2013, 04:52:10 PM
 #1334

but a time range of launching the ASICS  what be fine  but there is nothing acutally..  I didnt invest in the ASICS so far only in the normal hashing devices.

What you guys guess  will be the launch time of the ASICS?

btw.  i have learned  from mistakes,,i hope :O

See you never worked with hardware, hardware is one of the hardest ventures in computers, things go wrong, things happen you can't control, bad designs. Giving a time line right now would be the worst thing it would keep getting delayed. This would cause people to go, ohhh no it is a scam, just like BFL.

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Giant
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June 11, 2013, 09:08:33 AM
 #1335

Did you even research mining and pyramining and just how difficult building an asic is before sending bitcoins. If you both answered no, well you failed as investors. I doubt they return your money cause you oboviously didn't even read the TOS BEFORE SENDING YOUR MONEY.
Stupid newbies, at least pyramining isn't a scam, and could pay off bigger than ASIC miner once they get some ASIC hardware, but yeah.
See people like you just throw your money and do a follow the leader type investment. Instead of researching and seeing how much time it takes to develop asics and actually run a mining operation. Then you would know that instead of updating the community he is working hard.
You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.
Obvious you don't understand how business works.
See you never worked with hardware, hardware is one of the hardest ventures in computers, things go wrong, things happen you can't control, bad designs. Giving a time line right now would be the worst thing it would keep getting delayed. This would cause people to go, ohhh no it is a scam, just like BFL.
Your explanation is helpful and I trust that you have experience with hardware and business yourself to make these statements. It is, however, rude and of a trolling nature that you keep pointing at other peoples incompetences. I would suggest that you accept that not everyone does now everyting about the things you know a lot about. Please keep explaining how things work, that's helpful. The constant patronizing is however not helpful in any way.

You will probably say now that everyone who has invested in pyramining should have all this knowledge. This may be true, but the fact is that this just isn't the case. It's probably better to accept that.
tex83rb
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June 11, 2013, 10:37:26 AM
 #1336

however, let's wait to asic implementation....

at least in these cases the most important thing is not to lose the investment......

Giant
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June 11, 2013, 10:52:44 AM
 #1337

however, let's wait to asic implementation....

at least in these cases the most important thing is not to lose the investment......
That is of course very true. I'm not too impatient, I've been waiting since October last year, when I deposited for ASIC. And I'm honestly willing to wait a lot longer, I understand designing hardware is a continuous process of problem solving.
But there has hardly been any comments by Pyramining since then. No Pyramining showing they are busy. Now there's no telling if he is on a years holiday in Hawaii or really working on it. A bit more involvement of invesors would strengthen trust and may even attrackt more investors.
aepfel
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June 11, 2013, 12:52:52 PM
 #1338

however, let's wait to asic implementation....

at least in these cases the most important thing is not to lose the investment......
That is of course very true. I'm not too impatient, I've been waiting since October last year, when I deposited for ASIC. And I'm honestly willing to wait a lot longer, I understand designing hardware is a continuous process of problem solving.
But there has hardly been any comments by Pyramining since then. No Pyramining showing they are busy. Now there's no telling if he is on a years holiday in Hawaii or really working on it. A bit more involvement of invesors would strengthen trust and may even attrackt more investors.

I approve to that.

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Foofighter
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June 11, 2013, 01:58:19 PM
 #1339

why attract more investors if you cannot handle the amount of investors right now?

The right way to do this would have been to close the thing up and dont accept new accounts and investments, instead of making the situation the more worse for everyone.
(more investors = less hasing power for everyone)

I know that this was part of his  strategy but he messed up with that, he should have made a mininmum hashing power for every investor and if the hashing power gets lower, automaticly close investments temporarly.

but thats just my 5 satoshis.

regards

BitSmile
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June 11, 2013, 02:13:11 PM
 #1340

why attract more investors if you cannot handle the amount of investors right now?

The right way to do this would have been to close the thing up and dont accept new accounts and investments, instead of making the situation the more worse for everyone.
(more investors = less hasing power for everyone)

I know that this was part of his  strategy but he messed up with that, he should have made a mininmum hashing power for every investor and if the hashing power gets lower, automaticly close investments temporarly.

but thats just my 5 satoshis.

regards
Totally this. The way he made it he just caused the people to want to lynch him, because he doesn't give any updates. The last update he did he said something along the lines of: Stop bitching about updates, ASICs won't develop any faster because of that. And he's right, but having this huge delay in the development and letting people continue to sign up is just stupid. I want to think it's not a scam, and it's probably not, but I would like some pictures, or something, I don't know, just so we know this is real.
Disclaimer: I sold a payout address for a FPGA account for about half of the face value, but still have some btc tied to ASIC.

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