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

[pyra-proxy]

Here's an idea to make pyramining money/investments more efficient (by a little bit at least) and reduce block chain spam + pyramining wallet bloat (and can be applied to existing accounts very easily -- conceptually --)

Directly link, chained accounts together ( withdrawel address == another accounts deposit address), at account creation a user could enter a BTC addy or an upstream account to link to, existing accounts could be scrubbed for this with a script daily/weekly.  The benefit is that these transactions could be handled by the DB on the backend avoiding fees, blockchain spam and pyramining wallet bloat (in the form of transaction volume).  I would venture to guess that a great number of pyramining accounts are chained together and this could make the whole system a little more efficient.  Pyramining could also offer a benefit to chained accounts (back portable) in that pyramining fees only get applied to exit accounts making the system a little more desirable to current and future users.

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[rdyoung]

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.

Its not all about the psychology of it. It affects compounding as well. It also allows for him to invest more in hardware at a more rapid pace, because you dont have all that money sitting in limbo.

[ricciolone]

hi, I'm happy to hear about prospective

i have 5 account linked

n°     deposited    interest

1          10btc        2.5 btc

2          10btc        2.5 btc

3          10btc        2.5 btc

4          10btc        7.6 btc

5          61btc        9 btc


is it correct? I suppose there is some problem, how it's possible 1,2,3 have the same revenue?

[inaltoasinistra]

And what about manual withdrawal? For security reasons wouldn't it be possible choose the destination address, of course.
In this case it would be possible to keep high the bitcoins automatically send (0.5? 1 BTC?) and use small transactions only if the user needs them.

In order to authorize only legitimate requests is possible to ask users the signature of a random generated token using the output address. (Sorry to who's using exchange addresses as output address ;p (like me ))



(sorry for my English)

[platti]

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

0% fee
and extra income with NMC, IXC, DVC merged mining

[inaltoasinistra]

Break even:   ~ 149 months
Complete reward:   ~ 163 months
Current infrastructure:   268.15 MH/BTC
New infrastructure:   ~ 20.5GH/s/BTC

20.5GH/s/BTC from january? *.*

[platti]

Break even:   ~ 149 months
Complete reward:   ~ 163 months
Current infrastructure:   268.15 MH/BTC
New infrastructure:   ~ 20.5GH/s/BTC

20.5GH/s/BTC from january? *.*

from january 2025, when the old accounts are payed out ...

[apollojmr]

I am wondering if there is a way to withdraw my coins? Also if not is there a way to get it moving faster other than depositing more coins? I am trying to figure this whole thing out but I cannot. I am hoping that someday I just get a strange payment for a bunch of coins when I am down on my luck, stranded in the middle of nowhere and coins are at $100,000 a coin. LOL

[inaltoasinistra]

I am wondering if there is a way to withdraw my coins?

No. Your coins are gone

[rdyoung]

I am wondering if there is a way to withdraw my coins?

No. Your coins are gone

No. His/Her Coins were converted into hardware.

[IH-Antonio]

I am wondering if there is a way to withdraw my coins?

No. Your coins are gone

No. His/Her Coins were converted into hardware.

Dont think so. I have to agree with him, his coins are gone.

Anybody got his/her "investment" from pyramining after the months?

I'm think the BTC were not invested in hardware, but instead in drinks and party 

[rdyoung]

I am wondering if there is a way to withdraw my coins?

No. Your coins are gone

No. His/Her Coins were converted into hardware.

Dont think so. I have to agree with him, his coins are gone.

Anybody got his/her "investment" from pyramining after the months?

I'm think the BTC were not invested in hardware, but instead in drinks and party 

You can look at the blockchain and verify that the coins are being mined.
If your being facetious, thats one thing, however if your not, kindly provide real facts backing your position....

[rdyoung]

hi, I'm happy to hear about prospective

i have 5 account linked

n°     deposited    interest

1          10btc        2.5 btc

2          10btc        2.5 btc

3          10btc        2.5 btc

4          10btc        7.6 btc

5          61btc        9 btc


is it correct? I suppose there is some problem, how it's possible 1,2,3 have the same revenue?

Did you set the accounts up as referred by the one by above it?

[IH-Antonio]

I am wondering if there is a way to withdraw my coins?

No. Your coins are gone

No. His/Her Coins were converted into hardware.

Dont think so. I have to agree with him, his coins are gone.

Anybody got his/her "investment" from pyramining after the months?

I'm think the BTC were not invested in hardware, but instead in drinks and party 

You can look at the blockchain and verify that the coins are being mined.
If your being facetious, thats one thing, however if your not, kindly provide real facts backing your position....

Break even:   ~ 149 months
Complete reward:   ~ 163 months
Current infrastructure:   268.15 MH/BTC
New infrastructure:   ~ 20.5GH/s/BTC

BTC price at this moment is $440.

With 1BTC I can get several times more than 300MH/s. And with 2-3 BTC I can get more than 20.5GH/s. Way more. This is a fact.

[rdyoung]

I am wondering if there is a way to withdraw my coins? Also if not is there a way to get it moving faster other than depositing more coins? I am trying to figure this whole thing out but I cannot. I am hoping that someday I just get a strange payment for a bunch of coins when I am down on my luck, stranded in the middle of nowhere and coins are at $100,000 a coin. LOL

How much did you invest in BTC? When did you invest?
If you invested a small amount, it will be quite awhile before you see a payout, unless he is able to bring on enough hardware to turn the tide against the rising difficulty.

[rdyoung]

I am wondering if there is a way to withdraw my coins?

No. Your coins are gone

No. His/Her Coins were converted into hardware.

Dont think so. I have to agree with him, his coins are gone.

Anybody got his/her "investment" from pyramining after the months?

I'm think the BTC were not invested in hardware, but instead in drinks and party 

You can look at the blockchain and verify that the coins are being mined.
If your being facetious, thats one thing, however if your not, kindly provide real facts backing your position....

Break even:   ~ 149 months
Complete reward:   ~ 163 months
Current infrastructure:   268.15 MH/BTC
New infrastructure:   ~ 20.5GH/s/BTC

BTC price at this moment is $440.

With 1BTC I can get several times more than 300MH/s. And with 2-3 BTC I can get more than 20.5GH/s. Way more. This is a fact.

I am not sure quite where to start.
The system is weighed down by the original fpga investors when btc was 5$. So the first round of asics with btc @100$ is split with the fpga investors, and now this next round will be split with us with btc @400$+ And with this 28nm asics he should be able to keep bringing hardware online and the price will continue to drop and the our hashrate will go up. My bet is that the terms were written before BTC made this insane climb, once the first round of asics is produced the price will likely go down.

Yes, you buy from cointerra @3$/GHS, but then you have to handle everything, you have to pay for power, you have monitor for downtimes and keep it going.
Not to mention the fact who knows when youll get yours, and what the hashrate will be when you do.

[rdyoung]

New infrastructure:   ~ 21.7GH/s/BTC

@ 400$/btc thats 18.43$/GHS.

And his deliveries are GUARANTEED, He is not waiting in a preorder que with who knows how many other people in front of him with an unknown delivery window.

In other words, HE KNOWS that he will get hardware delivered and when that will be.

[platti]

to reach an average hashrate from 10 GHs/ BTC for all accounts, pyramining needs investmentgs of more than 18000 BTC.

 

[rdyoung]

to reach an average hashrate from 10 GHs/ BTC for all accounts, pyramining needs investmentgs of more than 18000 BTC.

 

What exchange rate are you basing that on?
At this rate I see 1000$ not to far away.

[platti]

independent of  exchange-rate.
there are more than 18000 BTC invested in pyramining, and less than 200 BTC accounts are payed out with 100%.
so ,when new investments in hardware bring 20 GHs per BTC, we need  18000 BTC investment , that all accounts have 10 GHs per BTC