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

[rdyoung]

It is working for me. Queue size of 300H/s lol

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation


(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming

=topic=80845.msg3668972#msg3668972 date=1385076371]

It is working for me. Queue size of 300H/s lol

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation


(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming
[/quote]

If your referring to 28nm, its already here. knc is using it if I am not mistaken and cointerra should already be shipping.
The larger the network gets the more hardware you need to push it higher.
You also have to account for the older hardware being turned off as they stop being profitable. It won't be a large impact but it will counter some of the increased hashing power.

[Coin.Karma]

Hey all,

I am interested in selling of my pyramining accounts, if anyone is interested, we could work out a method which is suitable to all parties. Please visit the link for details about the accounts.

https://bitcointalk.org/index.php?topic=328654.0

you can place bids of what you think might be a fair price, considering all the aspects. Very early account, you can also deposit an really increase the % further. This is the last of my BTC online, I would like to take it offline.

thanks
karma

[Tittiez]

So the New infrastructure shot up from the 20s to over 40GHs per btc.

[Boelens]

Is this still active and such? When will new hardware be deployed? I invested 0.2BTC a while ago back when it wasn't worth much to try it out, I regret it now.

[Su100]

I have just joined them today just as a test with 0.02 BTC.

After som 8 hours I see:

Brief account stats
Status
Active referrals:   0
Current bonus:   10.0%
Eq. hashing power:   0
Reward completion:   0%

Brief Pyramining stats
Investment estimations
Break even:   ~ 177 months
Complete reward:   ~ 195 months
Current infrastructure:   268.1 MH/BTC
New infrastructure:   ~ 43.7GH/s/BTC

Does this mean I get 0 hashing power?

Thanks for the answer in advance

[rdyoung]

I have just joined them today just as a test with 0.02 BTC.

After som 8 hours I see:

Brief account stats
Status
Active referrals:   0
Current bonus:   10.0%
Eq. hashing power:   0
Reward completion:   0%

Brief Pyramining stats
Investment estimations
Break even:   ~ 177 months
Complete reward:   ~ 195 months
Current infrastructure:   268.1 MH/BTC
New infrastructure:   ~ 43.7GH/s/BTC

Does this mean I get 0 hashing power?

Thanks for the answer in advance

Your deposit is queued until he starts receiving the new hardware.

[rdyoung]

It is working for me. Queue size of 300H/s lol

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation


(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming

Something else to consider, there are at least 3 other sha256 coins that can not be merged mined. Its likely that some of the hardware thats been shipping from cointerra, knc and the rest are being pointed towards the altcoins.

[ninjaboon]

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

[rdyoung]

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

[ninjaboon]

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

It's not just 1% pa profit.
There's plenty of upside for the price of PPC (its only USD2 now and was only USD0.10 back in Jan 2013).
I'm seeing a lot of miners moving to PPC since its on SHA-256.
One particular miner will have 3TH for PPC mining in Dec 2013.

[rdyoung]

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

It's not just 1% pa profit.
There's plenty of upside for the price of PPC (its only USD2 now and was only USD0.10 back in Jan 2013).
I'm seeing a lot of miners moving to PPC since its on SHA-256.
One particular miner will have 3TH for PPC mining in Dec 2013.

dustcoin.com
Profitability versus btc is 101.x%.
Pyramining is mining bitcoins. I would not be for such a radical shift.

I don't disagree that ppc is likely to be one of the next Cryptos to catch on, but pyra is mining btc. And there isn't an easy way to cash out ppc to USD/Eur/etc. He needs to be able to easily convert to fiat to buy hardware.

[pyra-proxy]

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

It's not just 1% pa profit.
There's plenty of upside for the price of PPC (its only USD2 now and was only USD0.10 back in Jan 2013).
I'm seeing a lot of miners moving to PPC since its on SHA-256.
One particular miner will have 3TH for PPC mining in Dec 2013.

dustcoin.com
Profitability versus btc is 101.x%.
Pyramining is mining bitcoins. I would not be for such a radical shift.

I don't disagree that ppc is likely to be one of the next Cryptos to catch on, but pyra is mining btc. And there isn't an easy way to cash out ppc to USD/Eur/etc. He needs to be able to easily convert to fiat to buy hardware.

Additionally to this it should be handled as a second "sister" system, not conversion of the existing system.

[lemat11]

Only 34.1 mhs with 0.12 btc...

Speed will updated with new hardware without other deposit?

[rdyoung]

Only 34.1 mhs with 0.12 btc...

Speed will updated with new hardware without other deposit?

Yes, but exactly how much is dependent on how much he has to spend on hardware.

[lemat11]

Ok thanks for reponse  

[bogidu]

Greetings.  I can't find any other place to post questions or receive support, so I'll do it here.  My payout address has been expired . . . THANKS CAMPBX!!! YOU USELESS ASSHOLES!  Yes, I know, stupid to use an exchange address but frankly it was a long time ago newb mistake.  Now with the value of btc going up, my potential payout has a bit more value than anticipated.  Will you please take payout address change requests?

[thebitboy]

Where can I check how many BTCs did I deposit in my pyramining account?

[gweedo]

Where can I check how many BTCs did I deposit in my pyramining account?

Goto pyramining, and using the deposit address that you sent your coins login.

[rdyoung]

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

It's not just 1% pa profit.
There's plenty of upside for the price of PPC (its only USD2 now and was only USD0.10 back in Jan 2013).
I'm seeing a lot of miners moving to PPC since its on SHA-256.
One particular miner will have 3TH for PPC mining in Dec 2013.

dustcoin.com
Profitability versus btc is 101.x%.
Pyramining is mining bitcoins. I would not be for such a radical shift.

I don't disagree that ppc is likely to be one of the next Cryptos to catch on, but pyra is mining btc. And there isn't an easy way to cash out ppc to USD/Eur/etc. He needs to be able to easily convert to fiat to buy hardware.

Additionally to this it should be handled as a second "sister" system, not conversion of the existing system.

If he were interested in this, maybe he could move the older gen hardware to ppc when he reaches a certain hashrate with the new hardware, at say 100THs the 4.8THs we have now would be a drop in the bucket.

[rdyoung]

Greetings.  I can't find any other place to post questions or receive support, so I'll do it here.  My payout address has been expired . . . THANKS CAMPBX!!! YOU USELESS ASSHOLES!  Yes, I know, stupid to use an exchange address but frankly it was a long time ago newb mistake.  Now with the value of btc going up, my potential payout has a bit more value than anticipated.  Will you please take payout address change requests?

Send pyramining a pm. He usually takes some time to respond, but he will get back to you.