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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297104 times)
pyramining
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September 17, 2013, 01:09:01 AM
 #1781

Is there any intention to invest in the next generation of ASIC?  Currently difficulty is increasing at approx 30% per 10 days, so reward time which is currently approx 3 years will start getting longer again.  Not a complaint just an honest inquiry!

Yes of course, but I will choose only "readily available" products, no preorder. I don't want to risk your money... everyday new investments are (and will be) made with the cheaper solution available that may be our current asics or any product available on the market that can beat them.
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pyramining
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September 17, 2013, 01:12:44 AM
 #1782

Another idea is that you can add the ability to make accounts where you can't have any referral accounts, but the benefit is that you get almost all of the ASIC mining power (like the above). This would mean that any investor right now who wouldn't have been able to benefit from the changes, now benefit in the way that new accounts have to use an older account as sponsor..

I may think about implementing such feature: accounts without sponsor/referrals. I will still need a couple of weeks to arrange things in racks (to install things faster I made a mess of boards and wires, not my style Wink ) and then I will start thinking/implementing new features.
pyramining
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September 17, 2013, 01:15:11 AM
 #1783

Yeah I think you have a very valid point.  Currently the system is broken.

Your hashing power increases over time, when old deposits become complete. And it increases further when new deposits are made. So even if it may seem broken at start, it will turn to an advantage later.
pyra-proxy
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September 17, 2013, 04:02:50 AM
 #1784

I still think new deposits should get all the power from the new infrastructure with the exception of the 30% going upwards of course. This would call for a lower ROI for new investors (which we need to keep it going) and thus we'll get a lot more ASIC power. Of course this means that newer investors get more bitcoins than the old, but I thinks it's totally fair that way, as it'll benefit older investors in the long run as the newer ones finishes.

Another idea is that you can add the ability to make accounts where you can't have any referral accounts, but the benefit is that you get almost all of the ASIC mining power (like the above). This would mean that any investor right now who wouldn't have been able to benefit from the changes, now benefit in the way that new accounts have to use an older account as sponsor..

I'm just trying to get some ideas going...

Like the idea, but I'd make it work on deposits, not accounts that way all can benefit as soon as implemented.

chriswen
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September 17, 2013, 05:34:13 AM
 #1785

Yeah I think you have a very valid point.  Currently the system is broken.

Your hashing power increases over time, when old deposits become complete. And it increases further when new deposits are made. So even if it may seem broken at start, it will turn to an advantage later.

Except that there is not much incentive for people to make new deposits.

Do you understand my idea?  It incentivises investors while at the same time increasing the pool.  And if the current infrastructure is ever higher than the new infrastructure cost (this is caused by old deposits getting finished), my suggestion will protect old investors.  And new investors will still get a fantastic deal but not total exposure.  If they had total exposure then current infrastructure will decrease a lot quicker to new infrastructure rate.
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September 17, 2013, 05:41:03 AM
 #1786

I still think new deposits should get all the power from the new infrastructure with the exception of the 30% going upwards of course. This would call for a lower ROI for new investors (which we need to keep it going) and thus we'll get a lot more ASIC power. Of course this means that newer investors get more bitcoins than the old, but I thinks it's totally fair that way, as it'll benefit older investors in the long run as the newer ones finishes.

I'm just trying to get some ideas going...

Like the idea, but I'd make it work on deposits, not accounts that way all can benefit as soon as implemented.

So this is basically my suggestion except that I opt for a compromise.  Instead of new deposits getting all the power from the new infrastructure they get half.  And the other half they use to join the pool.  It's a trade-off.  Actually, by the time the deposits expire, there won't be any benefit towards old deposits.  That's why you need a compromise.
pyra-proxy
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September 17, 2013, 05:46:57 AM
 #1787

I still think new deposits should get all the power from the new infrastructure with the exception of the 30% going upwards of course. This would call for a lower ROI for new investors (which we need to keep it going) and thus we'll get a lot more ASIC power. Of course this means that newer investors get more bitcoins than the old, but I thinks it's totally fair that way, as it'll benefit older investors in the long run as the newer ones finishes.

I'm just trying to get some ideas going...

Like the idea, but I'd make it work on deposits, not accounts that way all can benefit as soon as implemented.

So this is basically my suggestion except that I opt for a compromise.  Instead of new deposits getting all the power from the new infrastructure they get half.  And the other half they use to join the pool.  It's a trade-off.  Actually, by the time the deposits expire, there won't be any benefit towards old deposits.  That's why you need a compromise.

Agree in any form of permanent presence actually an interesting idea would be to keep the 70/30 ratio now but instead of sponsorship rewards like now, 70% is fixed presence and 30% is community hash rate.  With 30% of you're personal impact (fixed + proportional community reserve) going to your sponsors as is the case now.

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September 17, 2013, 07:26:43 AM
 #1788

Pool Hashrate: 11923.1 GH/sEstimated Time to Block: 11h16mCurrent Round: 1d14h19m

platti
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September 17, 2013, 09:16:07 AM
 #1789

p2pool.info

fuggedit
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September 17, 2013, 11:52:40 AM
 #1790

Can I get invite?>I have been advertising in the forums

rigel
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September 17, 2013, 12:14:51 PM
 #1791

Can I get invite?

Not sure what you mean... you need a sponsor link?
Here it is: http://www.pyramining.com/referral/xfgaqps6k

biddicoin
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September 17, 2013, 05:45:16 PM
 #1792

When is pyramining going to add additional hashrate? Thought he wanted to go up to 6th?
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September 17, 2013, 07:12:41 PM
 #1793

Is there any intention to invest in the next generation of ASIC?  Currently difficulty is increasing at approx 30% per 10 days, so reward time which is currently approx 3 years will start getting longer again.  Not a complaint just an honest inquiry!

Yes of course, but I will choose only "readily available" products, no preorder. I don't want to risk your money... everyday new investments are (and will be) made with the cheaper solution available that may be our current asics or any product available on the market that can beat them.

You just earned my order lol. Def inspires a lil confidence in you

platti
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September 17, 2013, 08:00:18 PM
 #1794

Pool Hashrate: 11903.9 GH/sEstimated Time to Block: 11h17mCurrent Round: 2d2h53m

bradyon
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September 17, 2013, 08:47:46 PM
 #1795

Pool Hashrate: 11903.9 GH/sEstimated Time to Block: 11h17mCurrent Round: 2d2h53m

 Cry

Is there a moment beyond which could be clear that something´s going wrong?
Krak
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September 17, 2013, 09:17:38 PM
 #1796

Pool Hashrate: 11903.9 GH/sEstimated Time to Block: 11h17mCurrent Round: 2d2h53m

 Cry

Is there a moment beyond which could be clear that something´s going wrong?
There's nothing wrong; it's variance. There's no need to keep bringing it up.

BTC: 1KrakenLFEFg33A4f6xpwgv3UUoxrLPuGn
platti
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September 17, 2013, 09:22:11 PM
 #1797

Pool Hashrate: 12860 GH/sEstimated Time to Block: 10h26mCurrent Round: 2d4h14m

more then 50 hours whithout any revenues is bad, very bad

Raoul Duke
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September 17, 2013, 09:24:32 PM
 #1798

Pool Hashrate: 12860 GH/sEstimated Time to Block: 10h26mCurrent Round: 2d4h14m

more then 50 hours whithout any revenues is bad, very bad

Live with it. Now stop spamming those stats, I want real news in here, not your frustrations.

bradyon
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September 17, 2013, 09:31:15 PM
 #1799

Pool Hashrate: 11903.9 GH/sEstimated Time to Block: 11h17mCurrent Round: 2d2h53m

 Cry

Is there a moment beyond which could be clear that something´s going wrong?
There's nothing wrong; it's variance. There's no need to keep bringing it up.

Looks like my mind is not well configured to manage probability distributions...

Platti, let´s stop watching these stats. Let´s trust mathematics, we´re bitcoiners after all, aren´t we?

 Grin
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September 17, 2013, 09:34:09 PM
 #1800

Is it legit?
If yes: why the miner are renting their hashpower for a 100%-lower rate that they are mining?


Seems stupid to me

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