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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297161 times)
platti
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November 15, 2013, 12:31:46 AM
 #1981

if anybody is interested, i can make a list tomorrow

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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
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platti
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November 15, 2013, 12:41:20 AM
 #1982

i have the data on my pc in my office

this are more than 3750 accounts, which i checked.
I have more than 300 BTC invested here, and I want to know, whats going on



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November 15, 2013, 12:46:01 AM
 #1983

i have the data on my pc in my office

this are more than 3750 accounts, which i checked.
I have more than 300 BTC invested here, and I want to know, whats going on




I was wrong...
I was forgetting the fpga hardware in my math.

Total I come up with is 17106btc

But before someone goes OMG thats worth 6.8mill$ currently.
there was 13169 btc invested in fpga when bitcoin was in the single digits. That is why we are still so low on the ghs/btc ratio
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November 15, 2013, 12:51:05 AM
 #1984


But before someone goes OMG thats worth 6.8mill$ currently.
there was 13169 btc invested in fpga when bitcoin was in the single digits. That is why we are still so low on the ghs/btc ratio


and that is why i posted some days ago, pyramining should freeze hashrate for older accounts, and new accounts gets high hashrate. Or nobody will invest new bitcoins

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November 15, 2013, 12:56:04 AM
 #1985

if pyramining freeze the total hashing power of 4.8TH/s for old deposits, hashrate  will grow, when old deposits reach 100%.

And when deposits have more then real 10GHs/BTC there are new investments in pyramining.

And when you invest in a refferal account, you can accelerate payouts of old account

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November 15, 2013, 01:36:38 AM
 #1986

if pyramining freeze the total hashing power of 4.8TH/s for old deposits, hashrate  will grow, when old deposits reach 100%.

And when deposits have more then real 10GHs/BTC there are new investments in pyramining.

And when you invest in a refferal account, you can accelerate payouts of old account

He basically has done that with the hardware queue. And he queued up again for the second round of asics.
He posted a couple of weeks ago that he could purchase 2.5ths with personal funds @ the current rate, he should be able to buy 25ths of the new hardware, possibly more as btc rises.
That would be 5* the current hashrate possibly bringing us up to at least 1.2ghs/btc, and thats not including btc that he is sitting on from investors to purchase new hardware.
Seeing as 28nm is the best we can do atm it is likely he will keep bring new hardware online into the foreseeable future.

inaltoasinistra
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November 15, 2013, 08:57:56 AM
 #1987

Whats hard to understand?
We are talking about a constant, IE the total amount of btc that has been invested in pyramining. Not the actual btc invested at any given time.

He bought more hardware than was preordered. If the hashrate goes up its because of 2 things, 1) new deposits that took some the excess hardware, and 2) completed deposits.
I thought that:
- Pyramining keeps the hardware he bought for him until someone pay for it
- We were talking about bitcoins into active deposits (that is more interesting that the total investment imho)
Thanks.

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November 15, 2013, 04:07:37 PM
 #1988

Whats hard to understand?
We are talking about a constant, IE the total amount of btc that has been invested in pyramining. Not the actual btc invested at any given time.

He bought more hardware than was preordered. If the hashrate goes up its because of 2 things, 1) new deposits that took some the excess hardware, and 2) completed deposits.
I thought that:
- Pyramining keeps the hardware he bought for him until someone pay for it
- We were talking about bitcoins into active deposits (that is more interesting that the total investment imho)
Thanks.
We were discussing a few things. First it was how much we needed invested to get us to 10ghs per btc.
I still stand by my math on that one. 17xxbtc and dropping as btc continues to rise.
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November 15, 2013, 11:38:26 PM
 #1989

Would this proposal if implemented full scale kill pyraminings fundamental internal structure with fixed deposit and payout addresses?  If so, how can this be mitigated if it goes into full and widespread practice?

https://bitcointalk.org/index.php?topic=334316.0

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November 16, 2013, 09:39:57 AM
 #1990

I was wondering the same thing.  there are several sites which use the same address repeatedly, such as referrals etc.  Surely this will kill that off?

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November 16, 2013, 12:43:46 PM
 #1991

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.



I invested again in September and he applied my new deposit at the OLD rate, despite having specifically said here (in this thread) that all new deposits would be at the ASIC rate.

I've been trying to get a reply from him for over 5 weeks now, still no response.

I would seriously think very, very hard before investing one Satoshi in Pyramining.

Art

BTC: 1Mhdwbd88ZvVsuQezdCgiSXGs3CbAs3tAP
rdyoung
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November 16, 2013, 01:19:19 PM
 #1992

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.



I invested again in September and he applied my new deposit at the OLD rate, despite having specifically said here (in this thread) that all new deposits would be at the ASIC rate.

I've been trying to get a reply from him for over 5 weeks now, still no response.

I would seriously think very, very hard before investing one Satoshi in Pyramining.

Art

To play devils advocate here.... You did get the "asic" rate.
The rate before asic implementation was 11mhs/btc
After asic it went to 222.89/btc

Pyramining did do a poor job of explaining things.
But as I have posted previously, we are subsidizing the fpga investors.
FPGA outweighs first round asics by 4/1. Thats why the rate is so low.
But as pyramining has posted this will turn to an advantage, as asics get cheaper and more efficient we will all see our rate increase.
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November 16, 2013, 02:15:53 PM
 #1993

I've been seeing a lot of talk about Pyramining, here as well as other places. What is it exactly and how does it work? Can someone explain it so that even a complete newbie can grasp it?

Thanks Smiley

ricciolone
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November 16, 2013, 04:10:57 PM
 #1994

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?


yep so something is strange!
rdyoung
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November 16, 2013, 04:16:03 PM
 #1995

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?


yep so something is strange!
Would provide a link to one of the accounts?
I can look and see if I can see what's what.
ricciolone
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November 16, 2013, 04:33:55 PM
 #1996

are you in pyramining staff?
rdyoung
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November 16, 2013, 04:54:45 PM
 #1997

are you in pyramining staff?

no. but as an intelligent being I can look,see and deduce
they are probably overlooking something.

And I can't do anything but look. only pyramining can change things.
If I felt inclined I could stumble around random links to I found  ones that matched those deposits.
ricciolone
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November 16, 2013, 05:13:02 PM
 #1998

q2tskyzx

is it enough?
rdyoung
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November 16, 2013, 05:21:20 PM
 #1999

q2tskyzx

is it enough?
Quick glance. They look right.
You have to account for the 7.5/7.5/15 referral structure.
ricciolone
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November 16, 2013, 05:26:27 PM
 #2000

7.5/7.5/15 what that means?

general question
do you think the best way is to go deep or there is a level to stop for the best reward in pyramining ?
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