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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297471 times)
pyramining
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August 09, 2013, 04:09:07 PM
 #1641

Of course, why only less than 0.8gh for 10 btc

Your hashing power will increase when also the other accounts will be activated, be patient...
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platti
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August 09, 2013, 04:54:18 PM
 #1642

@pyramining

block 250978 was found more than 20 hours ago with p2pool (actual block 251155)

there are no rewards from pyramining since
2013-08-07 15:25:13 UTC

pyramining
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August 09, 2013, 05:14:44 PM
 #1643

@pyramining

block 250978 was found more than 20 hours ago with p2pool (actual block 251155)

there are no rewards from pyramining since
2013-08-07 15:25:13 UTC

I just checked, credit is there, next time the payout algorhythm will run, you'll see the rewards. For the rewards to be assigned, the mined coins need to become valid (120 confirmations), and then the payout processor needs to run. In can take ~24 hours more or less...
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August 09, 2013, 05:23:32 PM
 #1644

actual block 251155
minus block 250978
-----------------------------
= 177 confirmations

Nono242
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August 09, 2013, 05:33:01 PM
 #1645

Current infrastructure:   73.94 MH/BTC but ~ 735.29 MH/BTC are added to the total pool for each new deposit. so the numbers add up.

The bug here is that your deposit is already active, when there are still people that deposited 9 Month ago waiting for their accounts to be activated.

It would not be funny if this had happened to even more accounts.
So if I understand well, for each BTC send today, after current queue is emptied, the situation will be as follow :
I will receive 73.94 MH/s
The whole pyramining system will receive 735.29 MH/s

Is that right ?

If so, it's globally a ponzi scheme ... that kind of thing that bitcoin doesn't need for its credibility.
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August 09, 2013, 05:37:59 PM
 #1646

Current infrastructure:   73.94 MH/BTC but ~ 735.29 MH/BTC are added to the total pool for each new deposit. so the numbers add up.

The bug here is that your deposit is already active, when there are still people that deposited 9 Month ago waiting for their accounts to be activated.

It would not be funny if this had happened to even more accounts.
So if I understand well, for each BTC send today, after current queue is emptied, the situation will be as follow :
I will receive 73.94 MH/s
The whole pyramining system will receive 735.29 MH/s

Is that right ?

If so, it's globally a ponzi scheme ... that kind of thing that bitcoin doesn't need for its credibility.

LMAO thank you for your input on what bitcoin doesn't need and needs for credibility. One of the most creditable bitcoin mining operations.

Want to earn 2500 SATOSHIS per hour? Come Chat and Chill in https://goseemybits.com/lobby
Nono242
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August 09, 2013, 05:41:28 PM
 #1647

LMAO thank you for your input on what bitcoin doesn't need and needs for credibility. One of the most creditable bitcoin mining operations.
Develop please !
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August 09, 2013, 06:07:02 PM
 #1648

So if I understand well, for each BTC send today, after current queue is emptied, the situation will be as follow :
I will receive 73.94 MH/s
The whole pyramining system will receive 735.29 MH/s

Is that right ?

If so, it's globally a ponzi scheme ... that kind of thing that bitcoin doesn't need for its credibility.

/facepalm

The whole pyra system currently has over a TH. The 73.94 is what 1 BTC currently gets you on pyra. When new infrastructure is in place (queue is emptied I assume) that same 1 BTC will get you the 735.29 instead.

At least I think that is what you're talking about...honestly I've no clue and am only guessing...
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August 09, 2013, 06:40:41 PM
 #1649

So if I understand well, for each BTC send today, after current queue is emptied, the situation will be as follow :
I will receive 73.94 MH/s
The whole pyramining system will receive 735.29 MH/s

Is that right ?

If so, it's globally a ponzi scheme ... that kind of thing that bitcoin doesn't need for its credibility.

/facepalm

The whole pyra system currently has over a TH. The 73.94 is what 1 BTC currently gets you on pyra. When new infrastructure is in place (queue is emptied I assume) that same 1 BTC will get you the 735.29 instead.

At least I think that is what you're talking about...honestly I've no clue and am only guessing...

Current available total Hashing Power of Pyraminig is 73.94 for each BTC deposited. For each new BTC deposited 735.29 are added to the total and split up to all active accounts.

If a account gets completed its hashing power is also split up to all remaining accounts.

Simple example:

Assume there are currently 100 BTC in active deposits. Each has 73.94 MH/s.

Now someone deposits 1 BTC, adds 735.29 MH/s to the pool.

Now there are 101 BTC in active deposits. Each has 80.48 MH/s.

Next an account worth 2 BTC gets completed.

Now there are 99 BTC in active deposits. Each has 82.11 MH/s.

and so on...

All previous versions of currency will no longer be supported as of this update
Nono242
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August 09, 2013, 08:08:51 PM
 #1650

OK Thank you Akka. It is what I feared
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August 09, 2013, 08:44:17 PM
 #1651

Current available total Hashing Power of Pyraminig is 73.94 for each BTC deposited. For each new BTC deposited 735.29 are added to the total and split up to all active accounts.

If a account gets completed its hashing power is also split up to all remaining accounts.

Simple example:

Assume there are currently 100 BTC in active deposits. Each has 73.94 MH/s.

Now someone deposits 1 BTC, adds 735.29 MH/s to the pool.

Now there are 101 BTC in active deposits. Each has 80.48 MH/s.

Next an account worth 2 BTC gets completed.

Now there are 99 BTC in active deposits. Each has 82.11 MH/s.

and so on...

I was sorta kinda almost close...but apparently I was a little confused also...you have cleared up some things for me as well. Looking forward to making another deposit Cheesy
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August 09, 2013, 08:49:54 PM
 #1652

OK Thank you Akka. It is what I feared

Hello Nono, your case was a mistake, you should be having the 3.67 GH/s (as soon as the queue is finished) as the infrastructure you bought is ASIC. However 30% of that hashing power goes to your sponsors, don't forget that Smiley

As I understand the whole network isn't shared, meaning that people who add bitcoins now don't give any hashing to anyone but their sponsors. However when an account is finished the hashing is spread out to the entire network. Right?
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August 12, 2013, 02:19:57 AM
 #1653

Finally, my deposit from 2012-11-22 went online. I deposited 1.00001111 BTC and I have equivalent hashrate of 74.11 MH/s. When hashrate will grow to higher, decent number (on website it shows as "New infrastructure:   ~ 735.29 MH/BTC"). Thanks.
pyramining
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August 12, 2013, 10:36:46 AM
 #1654

Finally, my deposit from 2012-11-22 went online. I deposited 1.00001111 BTC and I have equivalent hashrate of 74.11 MH/s. When hashrate will grow to higher, decent number (on website it shows as "New infrastructure:   ~ 735.29 MH/BTC"). Thanks.

You will see the "equivalent hashrate" increase a lot in the next days. Wait that also the other accounts will be activated! The equivalent hashrate will keep increasing with time, each time a new deposit is made. The hashrate added to the pool was not 735.29MH/BTC but the quantity of MH/s added at the time of the deposit. The 735.29MH/BTC parameter is to take in consideration for deposits that happen now.

I already explained this a lot of times. At beginning it may seem discomfortable, but this helps keeping all the accounts efficient and up to date, because the infrastructure ages with time. You will see that in the next months you will get more hashing power than the current "new infrastructure".
superresistant
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August 12, 2013, 12:48:22 PM
 #1655

Finally, my deposit from 2012-11-22 went online. I deposited 1.00001111 BTC and I have equivalent hashrate of 74.11 MH/s. When hashrate will grow to higher, decent number (on website it shows as "New infrastructure:   ~ 735.29 MH/BTC"). Thanks.

Are you saying that it can take 9 months to get your deposit active ?

Why are you doing that people ?

pyramining
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August 12, 2013, 12:51:43 PM
 #1656

Are you saying that it can take 9 months to get your deposit active ?

Where did you read 9 months?Huh
superresistant
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August 12, 2013, 12:59:53 PM
 #1657

Are you saying that it can take 9 months to get your deposit active ?

Where did you read 9 months?Huh

Well :
Quote
my deposit from 2012-11-22 went online.
Posted : Today at 02:19:57 AM

pyramining
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August 12, 2013, 01:07:02 PM
 #1658

Well :
Quote
my deposit from 2012-11-22 went online.
Posted : Today at 02:19:57 AM

It was a deposit made specifically for ASIC devices. They have been available only recently. For each of those "special" deposits there is a special treatment (an account with 50% of the deposit value, created as a referral, and financed by me) that will help depositors to breakeven faster and obtaining a better bonus. People who deposited specifically for ASIC technology were aware of a possible delay.
pisces1999
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August 12, 2013, 01:07:44 PM
 #1659

I don't no about this pyramining and mining but still want to invest some what is minimum limit and what is minimum time for payout can you explain because i am just newbie in this field and want to in this field as investor and want to do some practically in future      REGARDS

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pyramining
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August 12, 2013, 01:21:46 PM
 #1660

I don't no about this pyramining and mining but still want to invest some what is minimum limit and what is minimum time for payout can you explain because i am just newbie in this field and want to in this field as investor and want to do some practically in future      REGARDS

If you read the FAQ you should find all the answers, anyway:

1) There is no minimum limit on deposits. However depositing less than 0.1 makes little sense. However everyone is free to deposit whatever they feel like.
2) The time for payout depends on several factors: a payout is generated every 0.1 BTC mined by your account. If you invest a big sum, you will receive payouts daily. If you invest less than 0.1 it will take a few months.
3) Currently the account will not be activated in realtime, I am installing a lot of infrastructure (you can see how long is the queue currently). However by the end of August the queue it should be empty. If you deposit now, chances are that your account will become active in ~ 3 weeks.
4) Complete payout time depends on many factors, the most important one is the bitcoin mining difficulty. However investing in pyramining should be less risky than buying your own devices because: a) in general it is cheaper (I say in general because in this period of ASIC transition, with all the producers that change prices daily, sometimes there may be better offers elsewhere) - b) as technology improoves, your borrowed hashing rate increases; at a little expense of smaller efficiency at the beginning, chances that you will profit investing in pyramining are higher than investing in your own equipment.

Keep in mind that despite all my efforts to keep things profitable and trying to manage everything at best, there are no warranties, so do not invest what you can't afford to lose.

There are third parties (like The Rock Trading) who offer a warranty on the deposits, links-pyramining and others who planned some initiatives, just read here in the thread or use google to find out.
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