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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297208 times)
pyramining
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July 28, 2013, 10:38:26 AM
 #1561

Keep it going with increasing your hashrate and lowering costs.
USB Erupters now in sale on BTCGuild are priced at 0.6 BTC/unit (560MH/BTC). And queue is only couple of days, not 2 TH like you have.

It's not a fair comparison. You need to add the cost of the host to run an Erupter. And then you should add your internet connectivity cost. And probably something for cooling it down since as I can read through the forum you can cook on them. Then, if you buy many of them you should also add the cost of hubs, power supplies, and something to fix them on. At the end you will see that it will not be 560MH/BTC anymore. Plus, when difficulty increases and they stop to be effective, you can't do nothing. There are people who paid 2 BTC for one of those things, and one month later they sell it at 0.6... not very serious. If your miner breaks up (and it happens more often than you think) your earnings stop with it. Here instead your hashing power is updated while Pyramining grows, and no account will remain unpaid.

All these words to tell that if you want to do comparisons, do it in the right way, and not considering only the appearance.

Finally there is still a lot of room for improovement, and we will not be out of competition easily, for example, now I'm running the first version, made in a hurry, I already planned a new revision of the hardware, which hosts more chips on a single board reducing overall costs by far, and it will be available in the near future. However, should anything more efficient appear on the market (not pre-orders!!), we can always switch to that.
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lenny_
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July 28, 2013, 10:54:14 AM
 #1562

Question:
Can we see photo of your hardware?

I am curious that you really not lying about and have your own designed hardware or just simply running BFL other manufacturer devices.
pyramining
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July 28, 2013, 11:01:16 AM
 #1563

Can we see photo of your hardware?[/b]
I am curious that you really not lying about and have your own designed hardware or just simply running BFL other manufacturer devices.

I will make some pictures available in the near future as I did with FPGA equipment. And... BFL? Do you think I am so crazy, risking your funds with a such unreliable company? I should put a "BFL free" logo on the home page! :-)
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July 28, 2013, 12:02:28 PM
 #1564

Some new deposit with really small amounts ( < 0.01 BTC ) are going to be activated because they do not change almost anything in the mining scenario, and they are polluting the queued deposit database. Hope nobody will complain for this.

I increased the threshold to 0.1 BTC. I thought I posted it on the thread but it seems I forgot it. Sorry!
Foofighter
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July 28, 2013, 12:14:47 PM
 #1565

Some new deposit with really small amounts ( < 0.01 BTC ) are going to be activated because they do not change almost anything in the mining scenario, and they are polluting the queued deposit database. Hope nobody will complain for this.

I increased the threshold to 0.1 BTC. I thought I posted it on the thread but it seems I forgot it. Sorry!

thx pyra for the info,

hm so where are the old pics of the FPGAs available , would really like to see them.

br

lenny_
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July 28, 2013, 03:02:03 PM
 #1566

Can we see photo of your hardware?[/b]
I am curious that you really not lying about and have your own designed hardware or just simply running BFL other manufacturer devices.

I will make some pictures available in the near future as I did with FPGA equipment. And... BFL? Do you think I am so crazy, risking your funds with a such unreliable company? I should put a "BFL free" logo on the home page! :-)

That's what I wanted to hear. Thanks. Now I am waiting for promised photos:) Would be nice to see FPGA farm as well.

Regards
Lenny
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July 28, 2013, 05:19:18 PM
 #1567

The queue dropped today and so did the completion time. Things might be looking up again.

Be awesome and use my pyramining referral
http://www.pyramining.com/referral/yb9g3zq7x
pyramining
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July 28, 2013, 09:26:25 PM
 #1568

I am thinking about improoving slightly the rules, to make pyramining more fair for everyone.

Now people tend to create an account with small deposits under a sponsor, and some other accounts under the first one with larger deposits. In this way, the effort of the sponsor, for advertising and getting referrals, leads to small advantages/rewards for him.

The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

These changes affect only new deposits. Past deposits are unchanged and will keep the same behaviour as before.

Comments are welcome.
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July 28, 2013, 09:31:55 PM
 #1569

Comments are welcome.

Wish I made a few more deposits sooner... Not really sure how the old way was at all 'un' fair as everybody could do the same thing anybody else could do. ...dunno...just playing devils advocate really Tongue
pyramining
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July 28, 2013, 09:50:16 PM
 #1570

Wish I made a few more deposits sooner...

Changes are not effective, yet!
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July 28, 2013, 10:25:55 PM
 #1571

I am thinking about improoving slightly the rules, to make pyramining more fair for everyone.

Now people tend to create an account with small deposits under a sponsor, and some other accounts under the first one with larger deposits. In this way, the effort of the sponsor, for advertising and getting referrals, leads to small advantages/rewards for him.

The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

These changes affect only new deposits. Past deposits are unchanged and will keep the same behaviour as before.

Comments are welcome.

To make it fair for everybody, just remove this sponsor and ref - thing and pay everybody 20 % or maybe more bonus

pyramining
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July 28, 2013, 10:44:36 PM
 #1572

To make it fair for everybody, just remove this sponsor and ref - thing and pay everybody 20 % or maybe more bonus

It's something I can work on, but probably it would make more sense to start it in a parallel project, since it would change radically how things are managed.
platti
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July 28, 2013, 10:49:38 PM
 #1573



It's something I can work on, but probably it would make more sense to start it in a parallel project, since it would change radically how things are managed.

that would be ok for me

pyra-proxy
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July 28, 2013, 11:12:57 PM
 #1574

I am thinking about improoving slightly the rules, to make pyramining more fair for everyone.

Now people tend to create an account with small deposits under a sponsor, and some other accounts under the first one with larger deposits. In this way, the effort of the sponsor, for advertising and getting referrals, leads to small advantages/rewards for him.

The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

These changes affect only new deposits. Past deposits are unchanged and will keep the same behaviour as before.

Comments are welcome.

I wouldn't change the bonus, if you were to change something it would be the sending hash-rate up the chain and leaving deposit bonuses as they are, in that way upstream accounts are still rewarded for promoting etc. but don't have to worry if they happen to sponsor a big spender who kills their bonus, but they now only "mine" at the fixed rate so they are encouraged to keep their deposits higher to get maximum hash-rate and the big spenders get the full glory of their account hash-rate without having to worry about a smaller sponsor eating a bunch up.

Just my 2 0.02BTC

rigel
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July 29, 2013, 01:55:14 AM
 #1575

Quote
The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

I'd rather leave things as they are.
Please, focus on mining which is core business rather then on referral program

bradyon
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July 31, 2013, 06:53:42 AM
 #1576

Why just 1 person (myself) wrote a trust feedback about pyramining?
gweedo
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July 31, 2013, 07:03:25 AM
 #1577

Why just 1 person (myself) wrote a trust feedback about pyramining?

I only write trust when all transactions have completed. I still have coins with them, so until that is finish then I will write some feedback.

Want to earn 2500 SATOSHIS per hour? Come Chat and Chill in https://goseemybits.com/lobby
bradyon
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July 31, 2013, 07:10:59 AM
 #1578

Why just 1 person (myself) wrote a trust feedback about pyramining?

I only write trust when all transactions have completed. I still have coins with them, so until that is finish then I will write some feedback.
Sounds fair
platti
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July 31, 2013, 10:21:54 AM
 #1579

Update on plans:

Before the end of July I will be able to deploy ~600GH/s more.
Before the end of August there will be at least 3TH/s more.


more than 600 GH/s at end of July. Good job :-)

bradyon
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July 31, 2013, 10:30:07 AM
 #1580

looks like there has been another jump on p2pool´s hashing power.  Could somebody tell about the identity of these top miners?

1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF   510,374 MH/s   
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX   293,501 MH/s   
1ATBoMpRfVGwJ1j5rcvoQwznQjRvKCTF8d   221,044 MH/s   
16pZyakbCqPnxGaUpKLtuwzjNFezqJhd1N   164,714 MH/s   
1MAv44YHbeh9mt3tHUdxDqG7J8acjA9byh   164,479 MH/s   

Thanks.
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