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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297093 times)
bravetheheat
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May 28, 2012, 09:35:19 AM
 #141

9GH/s per BTC

lolz, typo? ;0

anyway, been noticing some discrepancies within the hashing rate calculation:

Quote
New deposits efficiency:   ~ 9.12 MH/BTC
Deposited amount:   11.15695248 BTC
Equivalent hashing power:   78.6MH/s

Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6?
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pyramining
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May 28, 2012, 09:58:49 AM
 #142


Yes, sorry, it was 9MH/s per BTC! I fixed it.

anyway, been noticing some discrepancies within the hashing rate calculation:

Quote
New deposits efficiency:   ~ 9.12 MH/BTC
Deposited amount:   11.15695248 BTC
Equivalent hashing power:   78.6MH/s

Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6?

Maybe the description is not clear enough.
The parameter you see is the efficiency for new infrastructure. But there exist also older infrastructure that had higher costs. The "equivalent hashing power" is the average cost of the whole thing. When new deposits are made, and new infrastructure is added, the average cost drops, therefore your equivalent hashing power will grow over time.

The more infrastructure will be added, the more I will be able to optimize the production process, and everyone (also older accounts) will benefit from this. The most efficient price will be reached at ~60000 BTC invested. We are currently at ~ 28% of that target.
pyramining
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May 28, 2012, 10:09:27 AM
 #143

I am going to change the description from: "New deposits efficiency" to "New infrastructure efficiency", and add a line with the average (or current) infrastructure efficiency, so it should become more clear and transparent.
pyramining
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May 28, 2012, 01:21:52 PM
 #144

I just applied the changes

Quote
Current infrastructure:   7.03 MH/BTC
New infrastructure:   ~ 9.14 MH/BTC

I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-)

Or maybe I should write a doc explaining these details.
Gladamas
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May 28, 2012, 02:31:08 PM
 #145

I just applied the changes

Quote
Current infrastructure:   7.03 MH/BTC
New infrastructure:   ~ 9.14 MH/BTC

I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-)

Or maybe I should write a doc explaining these details.

Thanks, much clearer now. I was wondering the same thing!

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hoqq
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May 28, 2012, 08:47:36 PM
 #146

Hello pyramining,
your website says "You can borrow hashing power...".

So let's assume I invest 100 BTC and the reward is 10%. You will use that 100 BTC to buy mining hardware. From my investors point of view I'll borrow about 700MH/s until this 700MH/s have mined 110 BTC, which will take about 10 month at current conditions.

What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?
pyramining
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May 28, 2012, 09:51:58 PM
 #147

What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?

I already discussed this (probably on the old forum post). Hardware will be kept working on Pyramining, until it fails. This is done in order to keep low break-even times even after the bounty for the mined blocks will halve, around the end of this year.

Note that Spartan6 FPGA working 100% of the time at these rates have an estimated lifespan of about 2 years. This policy allows to keep hardware infrastructure constantly updated. It should be profitable for the next 4 years, before another bounty halving will occour. However it's reasonable to expect new technologies by 2016, that are likely to be affordable thanks to this strategy.
forexmasterja
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May 29, 2012, 01:18:03 PM
 #148

If you need additional signup links


http://pyramining.com/referral/p9nc4q6ef   2012-05-29 13:09:14 UTC   still active
http://pyramining.com/referral/ht96zqe7x   2012-05-29 13:09:14 UTC   still active
http://pyramining.com/referral/78ecnbq9y   2012-05-29 13:09:14 UTC   still active
http://pyramining.com/referral/dabrefx7g   2012-05-29 13:09:14 UTC   still active
http://pyramining.com/referral/bx3f4c8zp   2012-05-29 13:09:14 UTC   still active

--** First Jamaican Bitcoin User **--
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Revolutionary Money Making Cloud Miner - https://cex.io/r/0/forexmasterja/0/
Kotera
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May 29, 2012, 06:11:54 PM
 #149

I would be very pleased if you use my link:

http://www.pyramining.com/referral/ge6x2df7p    2012-05-31 13:47:44 UTC    still active
http://www.pyramining.com/referral/ah7p8qkgf    2012-05-27 08:54:44 UTC    still active
http://www.pyramining.com/referral/g98z7kteh    2012-05-27 08:54:44 UTC    still active
http://www.pyramining.com/referral/x7pymhkbe    2012-05-27 08:54:44 UTC    still active
http://www.pyramining.com/referral/nfb3my8e2    2012-06-03 06:39:20 UTC    still active
pyramining
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May 31, 2012, 12:12:49 AM
 #150

Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.
rjk
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May 31, 2012, 01:53:04 AM
 #151

Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.
Like a boss!

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
Serenata
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May 31, 2012, 05:30:51 AM
 #152

Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.

Sweet!! Thank you!

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pintycar
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May 31, 2012, 09:35:09 PM
 #153

Hi guys,

I just wanted to say how great I think this idea is and , let's face it, difficulty is going to keep increasing so we may as well be on the winning train with Pyramining. So I invite everyone that hasn't done so yet to join by using one of this 10% bonus links:

http://pyramining.com/referral/4mn3ac7zh   2012-05-31 20:52:30 UTC   still active
http://pyramining.com/referral/fnct367zm   2012-05-28 16:31:13 UTC   still active
http://pyramining.com/referral/8kqsem4xd   2012-05-28 16:31:13 UTC   still active
http://pyramining.com/referral/sn3hdf42z   2012-05-28 16:31:13 UTC   still active
http://pyramining.com/referral/eg96sna4b   2012-05-28 16:31:13 UTC   still active

Thanks a lot in advanc3!

Pintycar
fromheten
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June 02, 2012, 03:00:36 PM
 #154

All right everyone! Many hungry mouths to feed! Here are some links for you all! Freshly baked links!

http://www.pyramining.com/referral/92t7fecgh   
http://www.pyramining.com/referral/9t6q3ab7p
http://www.pyramining.com/referral/zethqgm7p
http://www.pyramining.com/referral/s6dkn2ta4
http://www.pyramining.com/referral/y4aghxe3n


Kotera
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June 02, 2012, 08:01:42 PM
 #155

http://www.pyramining.com/referral/ge6x2df7p    2012-05-31 13:47:44 UTC    still active
http://www.pyramining.com/referral/ah7p8qkgf    2012-05-27 08:54:44 UTC    still active
http://www.pyramining.com/referral/g98z7kteh    2012-05-27 08:54:44 UTC    still active
http://www.pyramining.com/referral/x7pymhkbe    2012-05-27 08:54:44 UTC    still active
http://www.pyramining.com/referral/nfb3my8e2    2012-06-03 06:39:20 UTC    still active
Buffcorp
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June 02, 2012, 09:30:04 PM
 #156

I have no referrals. If someone would be kinda to help me get started that would be great! Smiley

http://www.pyramining.com/referral/fxpa9gzc3   2012-06-02 20:13:34 UTC   still active
http://www.pyramining.com/referral/nz6ysfrqh   2012-06-02 20:13:34 UTC   still active
http://www.pyramining.com/referral/y7cd6esxf   2012-06-02 20:13:34 UTC   still active
http://www.pyramining.com/referral/69dtqyrn3   2012-06-02 20:13:34 UTC   still active
http://www.pyramining.com/referral/xrf4kg7ap   2012-06-02 20:13:34 UTC   still active
bravetheheat
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June 03, 2012, 01:09:24 PM
 #157

btw, one statistic that you could add is the expected total payout for each account. For example, I have a deposited amount of 10 BTC and a bonus of 15%, it would be great if you added in how much I would get in the end. Also, the amount left to generate would be great Smiley
pyramining
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June 03, 2012, 03:36:14 PM
 #158

btw, one statistic that you could add is the expected total payout for each account. For example, I have a deposited amount of 10 BTC and a bonus of 15%, it would be great if you added in how much I would get in the end. Also, the amount left to generate would be great Smiley

That's not easy to guess: it depends on several factors: everytime a referral deposits any amount, this number might change. And since a referral gets 15% from his referral revenues, in case he has a very big referral under him, it might also get "completed" before your. I could try to foresee an apporximate amount and insert that statistic, but I would like to avoid discussions of the kind: "I deposited 10, it said the expected reward was 15, but I received only 14.768433".

Currently I am working on a way to automatically (and dynamically) add some hashing power to balance "bad luck" of some pools. This feature will be activated when the first big batch of FPGA units will be ready (it should be around the end of this month), in order to keep all active accounts in line with the reward time expectation.
kimmeriets
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June 04, 2012, 11:16:56 AM
 #159

observing the statistics for a few days, I noticed that at the same power, compared with Dееpbit, the reward is 50% less. here and referral payments taken into account. not too great referral payments?
bravetheheat
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June 04, 2012, 11:27:00 AM
 #160

observing the statistics for a few days, I noticed that at the same power, compared with Dееpbit, the reward is 50% less. here and referral payments taken into account. not too great referral payments?

I think it's just the bad luck =/
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