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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297112 times)
rdyoung
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December 28, 2013, 12:09:05 AM
 #2161


What you are saying now is MISLEADING.
Deposits to Pyramining dont get you any hashing power at the moment. All deposits are being queued until the new hardware starts coming online. And while he could make somethings a little clearer, if one were to read and think before they act, you could figure things out, rather than rushing headlong into something only to find out later that it wasnt what you thought it was.

Misleading why?

Because right now the new deposits are being queued?

It does not change the fact that newb's think they are getting something they will not get.

I am done arguing this. Your claim that I am being misleading is like someone dying and when someone asks what happened, you say: "the paramedics came", it's true but it has no relevance to the real situation.

Cheers

Art



You stating that new deposits will get X, when he has paused new deposits, therefore new deposits don't get any hashing power at the moment. We do not know what the effective hashrate will be when he brings on new hardware, until he does so. We can speculate based on current and past #s. We have 3 weeks at most (we hope). So until then lets keep the BS to a minimum, it only serves to drown out the legitimate inquiries.
My statement is akin to you saying that the store on the corner only sells outdated items, and my reply is that the store has been closed for sometime, therefore you can't buy anything.

RTFM
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yuliusts
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December 31, 2013, 11:19:02 AM
 #2162

i hv question...
just join here
1. is there any minimum btc to deposit, so can show the result of mining?
2. do we must hv mining hardware to play here, or we just sit and relax like cex.io?
3. from FAQ, at web i confused bout this point
"30% of your income will be sent upwards: 15% of your income will be sent to your sponsor. 7.5% to the 2nd grade sponsor and 7.5% to the 3rd grade sponsor."
is that mean, we only get 70% of our mining?
rdyoung
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December 31, 2013, 05:36:19 PM
 #2163

i hv question...
just join here
1. is there any minimum btc to deposit, so can show the result of mining?
2. do we must hv mining hardware to play here, or we just sit and relax like cex.io?
3. from FAQ, at web i confused bout this point
"30% of your income will be sent upwards: 15% of your income will be sent to your sponsor. 7.5% to the 2nd grade sponsor and 7.5% to the 3rd grade sponsor."
is that mean, we only get 70% of our mining?


There really is no minimum. However, he has paused new deposits until he gets new hardware which should be there in the next few weeks
No hardware needed on your end. Pyramining buys/manages the hardware.
the 30% is sent up line to help those above you get paid out faster, but you will still your 110% payout, it will just take a little longer.
byt411
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January 05, 2014, 05:36:57 PM
 #2164

Sorry, but I am new to this...
I recently made a deposit, a few weeks ago, but it is still queued. WHat does that mean?
rdyoung
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January 05, 2014, 05:54:09 PM
 #2165

Sorry, but I am new to this...
I recently made a deposit, a few weeks ago, but it is still queued. WHat does that mean?

Read this current page of posts...
byt411
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January 05, 2014, 06:08:05 PM
 #2166

Sorry, but I am new to this...
I recently made a deposit, a few weeks ago, but it is still queued. WHat does that mean?

Read this current page of posts...

Yes, I understand that he needs to buy hardware and stuff. But can I get a refund?
BawsyBoss
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January 05, 2014, 06:41:41 PM
 #2167

I don't get this. Can someone explain it to me?

Karasugoi
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January 05, 2014, 08:31:14 PM
 #2168

I don't get this. Can someone explain it to me?


http://www.pyramining.com/

DYODD

(do your own due diligence)
platti
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January 06, 2014, 02:16:26 AM
 #2169

no rewards this year?

rdyoung
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January 06, 2014, 05:53:02 AM
 #2170

no rewards this year?


A round of payouts just went through.
Keep in mind that we are pushing 12phs network rate, pyra said that the current hardware could pay for electricity and make a profit until the network hit 12phs, therefore the payouts are going to be few and far between until he brings on the new hardware.
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January 06, 2014, 11:36:07 AM
 #2171

Coins per 24h at these conditions   1.7460 BTC
Revenue per day   more than 1700 $ (MtGox-price)

i dont believe that pyramining has electricy costs of 1700 $ /day

rdyoung
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January 06, 2014, 12:43:34 PM
 #2172

Coins per 24h at these conditions   1.7460 BTC
Revenue per day   more than 1700 $ (MtGox-price)

i dont believe that pyramining has electricy costs of 1700 $ /day

On the face, true, from a post by pyramining current gen asic runs 2.5w/1.6gh. I can't find a cost for pyramining kwh, but at .15c its about 30usd/day to run the asics, however he is likely still running the fpgas which are magnitudes less efficient.
When he brought on the current gen of asics they were earning us 35btc/day now its 1.7btc. We have also discussed to death the way the mining hardware/income is split between deposits.

EDIT: Another thought...
Its entirely possible that he hasn't split the entire 4.8ths with deposits. Only 2.2ths or so was actually queued up before installation. Its plausible to me that he has some if not all of that remaining hardware mining for reinvestment purposes, Minus of course the deposits that have come in since then.
ricciolone
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January 07, 2014, 08:05:30 AM
 #2173

I hope he turns off fpga Smiley , and it is remunerate to run current asic infrastructure  more then 12phs line, because it depends on the btc price !!


there is some news about the timing of new infrastructure comes?

Someone now talk about 20nm chips lol so do we arrive late again?
eliale
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January 07, 2014, 08:24:45 AM
 #2174

I hope he turns off fpga Smiley , and it is remunerate to run current asic infrastructure  more then 12phs line, because it depends on the btc price !!



I was there last month and FPGA were down.


rdyoung
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January 07, 2014, 05:01:20 PM
 #2175

I hope he turns off fpga Smiley , and it is remunerate to run current asic infrastructure  more then 12phs line, because it depends on the btc price !!


there is some news about the timing of new infrastructure comes?

Someone now talk about 20nm chips lol so do we arrive late again?

28nm will be competitive for some time. While 20/22nm is being worked on, its not ready for mass production, so it will be quite awhile before we start seeing those added to the network.
Last time he designed his own asic, this time he has contracted with an asic producer, so we should be good this time around.
He should have a steady supply of chips to keep us with, if not ahead of difficulty.
inaltoasinistra
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January 08, 2014, 10:23:21 AM
 #2176

Yesterday I received 2 payment of 0.01XBT on my output address, of course on pyramining there is only 1 payout transaction. Is it a bug? I'll send the source addresses to Pyramining in order to check if they are belong to him.
Anyone saw something like that on your own accounts?

inaltoasinistra
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January 08, 2014, 10:49:18 AM
 #2177

28nm will be competitive for some time. While 20/22nm is being worked on, its not ready for mass production, so it will be quite awhile before we start seeing those added to the network.
Last time he designed his own asic, this time he has contracted with an asic producer, so we should be good this time around.
He should have a steady supply of chips to keep us with, if not ahead of difficulty.
22mn is the technology that companies like Intel are using now. So, we should expect that miners will follow the level of Intel technology? Or build miner is different from build CPU?

pyra-proxy
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January 08, 2014, 03:32:07 PM
 #2178

Yesterday I received 2 payment of 0.01XBT on my output address, of course on pyramining there is only 1 payout transaction. Is it a bug? I'll send the source addresses to Pyramining in order to check if they are belong to him.
Anyone saw something like that on your own accounts?

I got an odd payment which has "-1" confirmations the last time I looked but didn't look at the details further I was going to give it some time to hopefully correct itself.

rdyoung
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January 08, 2014, 04:35:17 PM
 #2179

Yesterday I received 2 payment of 0.01XBT on my output address, of course on pyramining there is only 1 payout transaction. Is it a bug? I'll send the source addresses to Pyramining in order to check if they are belong to him.
Anyone saw something like that on your own accounts?
He may have the system recording them as one even though they come from multiple addresses.
Why not match the time stamp of the payout in your wallet to the stamp on pyramining? That will tell you its from there. Its highly unlikely someone would randomly send you .02xbt
Tittiez
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January 09, 2014, 04:08:18 AM
 #2180

New infrastructure:~110.7GH/s/BTC
Whoa, seriously?
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