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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297167 times)
pyramining
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November 27, 2013, 11:00:03 PM
 #2081

you'll never get your BTC back if you don't refer people. it's not even buying any new hardware.

Never is not correct. However with referrals it will definitely be faster.
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pyramining
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November 27, 2013, 11:03:06 PM
 #2082

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

Eq. hashing power:   0
Reward completion:   0%

Does this mean I get 0 hashing power?

For all people "worried" about the status of the account: just wait for the new hardware to be deployed. It's worth it. Your deposits are currently queued.
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November 27, 2013, 11:04:00 PM
 #2083

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?

People with these problems, write a PM and I will try to take care of the issue.
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November 27, 2013, 11:05:17 PM
 #2084

pyramining, what do you think about this mega device from BFL? https://products.butterflylabs.com/600-gh-bitcoin-mining-card.html

Since this is a public place, I won't express my true judgement about BFL hardware, which is not positive at all. I hope I will never have to work with BFL ever.
pyramining
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November 27, 2013, 11:07:13 PM
 #2085

The current infrastructure value is curently decreasing; why? (I know that from the pratical point of view nothing is changing, it's only curiosity)

18/11: 268.17
25/11: 268.1
27/11: 268.09

Is it because of old hardware is not profitable anymore? But, this should happends only when difficult increases

Probably there is a rounding error in the displayed data, because the numbers changed substantially since the start. With the new updates also the values will be displayed in the correct format.
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November 28, 2013, 04:08:13 AM
 #2086

Hello Pyramining,

Good day to you.Thanks for the updates. I had sent you a PM, you DO NOT need to reply to it, if you have seen this post. Just reducing your load.

thanks
karma
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November 28, 2013, 05:31:50 AM
 #2087

Little update: I am working on the new 28nm chips. One big investor is ready to invest into pyramining as soon as the new hardware will be ready. I will also invest with my personal capital, so hopefully we should be able to maintain breakeven times sustainable.

Since the Bitcoin value reached $1000, payout threshold is now 0.01 XBT.

There will be some changes on how the new hashing rate will be assigned and some other minor improvement. I will update the website and announce here when these new rules will be implemented.

I am trying to answer all messages, please be patient, I will respond to everyone.

When will payouts start for those that qualify now?

Thank you.

Art


BTC: 1Mhdwbd88ZvVsuQezdCgiSXGs3CbAs3tAP
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November 28, 2013, 09:19:28 AM
 #2088

27 Nov 2013: Payout threshold lowered to 0.01 BTC.  Grin
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November 28, 2013, 03:20:13 PM
 #2089

27 Nov 2013: Payout threshold lowered to 0.01 BTC.  Grin

Yep, saw that. No payments have shown up here, yet.

Art

BTC: 1Mhdwbd88ZvVsuQezdCgiSXGs3CbAs3tAP
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November 29, 2013, 01:08:38 PM
 #2090

How is Pyramining ? Still alive ? Any plans for the future ?

rdyoung
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November 29, 2013, 02:10:47 PM
 #2091

How is Pyramining ? Still alive ? Any plans for the future ?
He posted in here a couple of days of ago.
The new hardware "should" be available middle of January.
He also lowered the min payout to 0.01XBT
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November 29, 2013, 02:11:58 PM
 #2092

27 Nov 2013: Payout threshold lowered to 0.01 BTC.  Grin

Yep, saw that. No payments have shown up here, yet.

Art

Got mine late yesterday.
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November 29, 2013, 02:54:55 PM
 #2093

In the last few days I had several meetings and I am currently finalizing a partnership with a 28nm ASIC chip producer (NDA, so I can't reveal much). It will bring us opportunity to add more than 30GH/s per BTC before then end of January.

30GH/S at current difficulty would give less than 0.12 BTC in 6 months (considering a very low increase in difficulty of 40% per month) if you start mining right now.


rdyoung
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November 29, 2013, 03:25:15 PM
 #2094

In the last few days I had several meetings and I am currently finalizing a partnership with a 28nm ASIC chip producer (NDA, so I can't reveal much). It will bring us opportunity to add more than 30GH/s per BTC before then end of January.

30GH/S at current difficulty would give less than 0.12 BTC in 6 months (considering a very low increase in difficulty of 40% per month) if you start mining right now.


First off. The last 2 increases have totaled 45%, This increase is going to be 15%ish so it looks like the increase might be beginning to level off at least temporarily.

30ghs with an average increase of 15% yields 1.71XBT in 6 months. Even 40% nets .88XBT in 6 months. Not sure how or where your doing these projections, but they are way off.
http://goo.gl/dw5UrE <Really nice spreadsheet I found to calculate earnings.
Your "very low" estimate is only a few % points off from our largest increase of 46%. You can't use extremes either high or low when projecting long term.

Second, Pyramining is significantly different than mining at home.
All deposits get to share in the spoils of new/better/faster hardware.
He said 30ghs/XBT on nov 1st, but since then XBT has quadrupled. We will all benefit as XBT rises and costs per GHS drop.

XBT=BTC I am going to support the push to get XBT recognized with a currency designation by using XBT in place of BTC as often as I remember to. Its gonna be a hard habit to break :-)

thebitboy
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November 29, 2013, 04:46:34 PM
 #2095

Today I started getting my deposits < 0.1 Smiley

Pyramining active referral links here (http://pyramining-referral-links.com)
artbatista
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November 29, 2013, 04:57:23 PM
 #2096

27 Nov 2013: Payout threshold lowered to 0.01 BTC.  Grin

Yep, saw that. No payments have shown up here, yet.

Art

Got mine late yesterday.

Yeah!

Got nearly 1/2 BTC in payments last night.

Art

BTC: 1Mhdwbd88ZvVsuQezdCgiSXGs3CbAs3tAP
thebitboy
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November 29, 2013, 05:25:37 PM
 #2097

What is the difference between the "Current bonus" and the "Average bonus"?

Pyramining active referral links here (http://pyramining-referral-links.com)
rdyoung
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November 29, 2013, 08:08:39 PM
 #2098

What is the difference between the "Current bonus" and the "Average bonus"?
Your "bonus" is determined by the amount of xbt deposited by your referrals divided by your deposits. If either you or your refs deposit more this % will change, but it always equals 10% of the combined funds.
The current bonus is exactly that while the average is the average of the change in this #.

I know its not as eloquent a description as it could be, but I think it sums it up
CrackedLogic
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November 30, 2013, 12:15:04 PM
 #2099

How many MH/s would I get if i deposited 0.005btc?


Any help?
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November 30, 2013, 02:36:41 PM
 #2100

How many MH/s would I get if i deposited 0.005btc?


Any help?

Next GH/s cost:   0.02 BTC ....  Roll Eyes

btw....
In the last few days I had several meetings and I am currently finalizing a partnership with a 28nm ASIC chip producer (NDA, so I can't reveal much). It will bring us opportunity to add more than 30GH/s per BTC before then end of January. When the agreement will be finalized, all deposits will be kept in queue until the new infrastructure will be deployed.
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