http://www.pyramining.com/ - Discussion thread (no advertising here)

[KillaGTS]

i wrote to pyramining 2 personal messages, i need to know if i can change my payout adress, because my wallet got hacked. Haven't received an answer until yet. I got two pyramining accounts and can name the details about them. I have no Problem to verify my person and showing screens of how my wallet was cleaned by a hacker who also cleaned my btc-e account. Please let me know what i can do to get in contact with pyramining to find a solution?

thanks for helping

Killa

[1714207028]

1714207028

[1714207028]

1714207028

[miffman]

Is there no way I can withdraw? Like at all? The 4 bit cents in there would be useful right now

[gweedo]

Is there no way I can withdraw? Like at all? The 4 bit cents in there would be useful right now

This why you read the FAQ before depositing...

Rewards are sent in multiplies of 0.1 BTC. If your account is near to be fully rewarded (less than 0.2 BTC left) reward will be sent upon completion in a single transaction.

[pyromaniac]

Difficulty just jumped again:

Break even:   ~ 149 months
Complete reward:   ~ 164 months
Current infrastructure:   267.77 MH/BTC
New infrastructure:   ~ 2857.14 MH/BTC

And it will rise again and again. At this moment it looks pretty bad. Possibly we will never see our investments.

[artbatista]

i wrote to pyramining 2 personal messages, i need to know if i can change my payout adress, because my wallet got hacked. Haven't received an answer until yet. I got two pyramining accounts and can name the details about them. I have no Problem to verify my person and showing screens of how my wallet was cleaned by a hacker who also cleaned my btc-e account. Please let me know what i can do to get in contact with pyramining to find a solution?

thanks for helping

Killa

I am in the same boat. I've been waiting over a month for a reply from Pyramining. He posted a few days ago that he was backed up and would get to every message, eventually.

Patience is paramount, I suppose.

Art

[symbot]

Difficulty just jumped again:

Break even:   ~ 149 months
Complete reward:   ~ 164 months
Current infrastructure:   267.77 MH/BTC
New infrastructure:   ~ 2857.14 MH/BTC

And it will rise again and again. At this moment it looks pretty bad. Possibly we will never see our investments.

I agree, and I have even mentally started to discount the value of my Pyramining investment to zero.  It is sad, because I fully believe that pyramining himself has done everything he could to make this venture a success.

Perhaps this article is cause for little bit of optimism?  It makes a lot of sense to me... 

http://codinginmysleep.com/is-asic-mining-unprofitable-depends/

Pyramining has stated that he still has some cards play in the form of new investments that he is willing to make for the benefit of all account holders.  The question is, when will difficulty plateau? Will it fall after it reaches a peak as high-cost miners quit mining?  Will Pyramining be a low-enough-cost miner to remain profitable and get over the peak?  And, how long will 1st generation ASICs be the dominant technology?

[ninjaboon]

Just wondering if OP can move the mining from BTC to PPC?

[platti]

can pyraming mine on ghash.io? 0% fee and 50 payouts per day

[rdyoung]

Pyramining has already posted that the current hardware will remain profitable until the network reached 12petahashes, approximately 3x the current hashrate.

He also posted to let us know that he inked a deal with a 28nm asic producer that will bring 30ghs/btc online by end of Jan. Hopefully with bitcoin skyrocketing that # will go up.

[Giant]

I will update as soon as I will have any news.

Thank you for your updates. It's good to know you're working hard on it

[dyingdreams]

I vote for the payout threshold to be lowered to .01 BTC

[mprep]

I vote for the payout threshold to be lowered to .01 BTC

Yeah, then you could experiment with lower amounts and try out the system before putting any substantial amount in it.

[dyingdreams]

I vote for the payout threshold to be lowered to .01 BTC

Yeah, then you could experiment with lower amounts and try out the system before putting any substantial amount in it.

Or at least .05

BTC prices are ~3x higher than what they were when the payout threshold was lowered to .1

[rdyoung]

I vote for the payout threshold to be lowered to .01 BTC

Yeah, then you could experiment with lower amounts and try out the system before putting any substantial amount in it.

Or at least .05

BTC prices are ~3x higher than what they were when the payout threshold was lowered to .1

I am with the drop to .05, but .01 would cause way too much blockchain spam, something we need to consider for the future of bitcoin.

Unless he could implement a way for us to choose our min payout threshold, I dont see this as a security risk because the accounts are locked.

[mprep]

I vote for the payout threshold to be lowered to .01 BTC

Yeah, then you could experiment with lower amounts and try out the system before putting any substantial amount in it.

Or at least .05

BTC prices are ~3x higher than what they were when the payout threshold was lowered to .1

I am with the drop to .05, but .01 would cause way too much blockchain spam, something we need to consider for the future of bitcoin.

Unless he could implement a way for us to choose our min payout threshold, I dont see this as a security risk because the accounts are locked.

Maybe sending a certain amount of Bitcoins, e. g. to set the cashout to 0.05 BTC send 0.05123.

[btharper]

I vote for the payout threshold to be lowered to .01 BTC

Yeah, then you could experiment with lower amounts and try out the system before putting any substantial amount in it.

Or at least .05

BTC prices are ~3x higher than what they were when the payout threshold was lowered to .1

I am with the drop to .05, but .01 would cause way too much blockchain spam, something we need to consider for the future of bitcoin.

Unless he could implement a way for us to choose our min payout threshold, I dont see this as a security risk because the accounts are locked.

Maybe sending a certain amount of Bitcoins, e. g. to set the cashout to 0.05 BTC send 0.05123.

I'd definitely be up for having the threshold lowered, it could also be made a percentage of the account size. If payments were made at a set time instead of as each account reaches payout it could be done with multisend to cut down on transactions and chain spam.

[Carl Junior]

I vote for the payout threshold to be lowered to .01 BTC

Yeah, then you could experiment with lower amounts and try out the system before putting any substantial amount in it.

Or at least .05

BTC prices are ~3x higher than what they were when the payout threshold was lowered to .1

I am with the drop to .05, but .01 would cause way too much blockchain spam, something we need to consider for the future of bitcoin.

Unless he could implement a way for us to choose our min payout threshold, I dont see this as a security risk because the accounts are locked.

Maybe sending a certain amount of Bitcoins, e. g. to set the cashout to 0.05 BTC send 0.05123.

I'd definitely be up for having the threshold lowered, it could also be made a percentage of the account size. If payments were made at a set time instead of as each account reaches payout it could be done with multisend to cut down on transactions and chain spam.

WTF guys, seriously? Hey, why dont we make the payment 0.00001? Would that make you feel any better? If bitcoin would be worth over $1000, I would agree with you, but right now, it doesn't make any sense to me.

[rigel]

I'm for lowering threshold too.

[pyra-proxy]

WTF guys, seriously? Hey, why dont we make the payment 0.00001? Would that make you feel any better? If bitcoin would be worth over $1000, I would agree with you, but right now, it doesn't make any sense to me.

+1

Also concur, the only advantage of lowering further is the warm fuzzy of seeing money flow and we don't need a warm fuzzy it's just a known fact that mining has gotten extremely competitive and we're behind the curve at the moment.  The mild fringe benefit of lowering payouts would be to causing micropayments on chained accounts initiating the purchase of new hardware but if pyramining has a January plan with a 28nm producer (my guess is Cointerra, but just a guess....) then those payments would serve the pool better waiting for when they would buy that tech.  Honestly I wish we had never dropped from 1 BTC payouts due to block chain spam etc.

[btharper]

WTF guys, seriously? Hey, why dont we make the payment 0.00001? Would that make you feel any better? If bitcoin would be worth over $1000, I would agree with you, but right now, it doesn't make any sense to me.

+1

Also concur, the only advantage of lowering further is the warm fuzzy of seeing money flow and we don't need a warm fuzzy it's just a known fact that mining has gotten extremely competitive and we're behind the curve at the moment.  The mild fringe benefit of lowering payouts would be to causing micropayments on chained accounts initiating the purchase of new hardware but if pyramining has a January plan with a 28nm producer (my guess is Cointerra, but just a guess....) then those payments would serve the pool better waiting for when they would buy that tech.  Honestly I wish we had never dropped from 1 BTC payouts due to block chain spam etc.

For smaller deposits it makes more difference. If someone threw in 0.5 BTC and has to wait two years (currently, this should get better) until their deposit is 20% of the way along it's a lot more noticeable than for someone who's got 100 BTC and still gets something out every few days. I would argue (without any concrete evidence) that most deposits are relatively small, 1 BTC or under, and that this will likely be even smaller average deposits in the future with the increased price of bitcoins.

Besides, anything that has to ask for money is going to run on warm fuzzy feelings. If people get enough warm fuzzies to deposit with pyramining then everyone wins and the average hash rate goes up.