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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297209 times)
mprep
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November 09, 2013, 07:06:13 PM
 #1941

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.


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btharper
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November 10, 2013, 05:19:42 AM
 #1942

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.
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November 11, 2013, 06:07:20 AM
 #1943

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.
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November 11, 2013, 06:52:18 AM
 #1944

I'm for lowering threshold too.

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November 11, 2013, 02:23:09 PM
 #1945

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.

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November 11, 2013, 04:43:32 PM
 #1946

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.
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November 11, 2013, 05:11:29 PM
 #1947

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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November 11, 2013, 06:42:22 PM
 #1948

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.
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November 12, 2013, 10:08:05 AM
 #1949

hi, I'm happy to hear about prospective Smiley

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
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November 13, 2013, 01:22:03 PM
 #1950

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 Shocked))



(sorry for my English)

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November 13, 2013, 01:26:39 PM
 #1951

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

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

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November 13, 2013, 01:31:58 PM
 #1952

Quote
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? *.*

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November 13, 2013, 05:47:39 PM
 #1953

Quote
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
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November 13, 2013, 06:14:59 PM
 #1954

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

What you think you become. Bitrated user: apollojmr.
inaltoasinistra
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November 13, 2013, 09:33:49 PM
 #1955

I am wondering if there is a way to withdraw my coins?
No. Your coins are gone

rdyoung
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November 13, 2013, 09:49:38 PM
 #1956

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
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November 13, 2013, 10:09:04 PM
 #1957

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  Grin

Donations for keeping x2 Bitcoin Full Node online 24/7 are welcome: 14GPNioy3mi3D9iMge67j5UAoEy5hT4btn
rdyoung
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November 13, 2013, 10:24:32 PM
 #1958

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  Grin

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
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November 13, 2013, 10:28:46 PM
 #1959

hi, I'm happy to hear about prospective Smiley

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
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November 13, 2013, 10:30:11 PM
 #1960

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  Grin

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.

Donations for keeping x2 Bitcoin Full Node online 24/7 are welcome: 14GPNioy3mi3D9iMge67j5UAoEy5hT4btn
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