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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297165 times)
simonk83
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February 01, 2014, 12:25:40 AM
 #2261

I'd also recommend you post here, or on the site, whenever payments are going to stop.  Like others my last payment was the 14th Jan, but I'm still non the wiser why nothing has been received since.

Just little updates like that will help a lot.
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krash282
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February 01, 2014, 12:29:09 AM
 #2262

word ! You have to let the shareholders know
we only want for this to go down good for everyone.


1BPEKyiZMatx2BCtVn8JpFM7gHxMjPCgqu
pyramining
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February 01, 2014, 12:32:31 AM
 #2263

guess you don't need 5.9TH in pending coins if 30 TH are coming.
people who really believe this will return !

be transparent if you dont have anything to hide
waiting for Q refund option , pls
thank you very much

I am absolutely transparent: queued deposits are not "coins on hold" I used that money (along with my own money) to buy the new chips. However I will try to find a way to manage the change of the payout address, through signed messages, so people will be able to trade theirselves the accounts.

I will think about a way to allow people to quit earlier by buying back their account myself at a discount. However in this case I will have to take into consideration the bitcoin fiat value at the time the deposit has been made, there is no chance I can afford to buy the same number of bitcoins at the current price.
pyramining
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February 01, 2014, 12:34:54 AM
 #2264

I'd also recommend you post here, or on the site, whenever payments are going to stop.  Like others my last payment was the 14th Jan, but I'm still non the wiser why nothing has been received since.

Payments are slow in these days because of two reasons:
1) difficulty has grown so much that mined coins are only a bit more than power and management costs.
2) p2pool is going through a low luck time (check http://p2pool.info/ ). We are near 50% in the last 7 days and 85% last 30 days. Hopefully it will recover.
simonk83
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February 01, 2014, 12:38:43 AM
 #2265

I'd also recommend you post here, or on the site, whenever payments are going to stop.  Like others my last payment was the 14th Jan, but I'm still non the wiser why nothing has been received since.

Payments are slow in these days because of two reasons:
1) difficulty has grown so much that mined coins are only a bit more than power and management costs.
2) p2pool is going through a low luck time (check http://p2pool.info/ ). We are near 50% in the last 7 days and 85% last 30 days. Hopefully it will recover.


All good Smiley.  Post something like that every week or so with a bit of a status update and you'll probably find the amount of PMs you get is reduced quite a lot Wink
krash282
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February 01, 2014, 12:42:46 AM
 #2266

sounds like a deal with a twist.

pay back now , the unspent coins* that YOU have in the main account back to the shareholders.

*(since your last purchase of the chips)

wait for new hardware that you already bought to kick in , and then collect more.

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krash282
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February 01, 2014, 01:05:35 AM
 #2267

Quote
Payments are slow in these days because of two reasons:
1) difficulty has grown so much that mined coins are only a bit more than power and management costs.
2) p2pool is going through a low luck time (check http://p2pool.info/ ). We are near 50% in the last 7 days and 85% last 30 days. Hopefully it will recover.



Like you said , and this quote is the perfect reason ....we need to take the coins out from the Q.

The payments are slow because your profit does not cover the increasing H speed...and you can barely cover the management costs.

i dont want to say it but ...if you lost in this little business of yours , please dont drag everyone down with you.

Refund the Q pending for new purchases of chips , and think of a better strategy because 6TH now and upgrade to 30 TH wont cut it.
Everyone is going to wait a lot for their profit (0.001btc )payment after they invested 1btc with that kind of hashing speed


here's the FACT : Hashrate Distribution An estimation of hashrate distribution amongst the largest mining pools
https://blockchain.info/pools

Payout address:   1BPEKyiZMatx2BCtVn8JpFM7gHxMjPCgqu

Standby deposits
Label   Date   Deposited amount   Category
3xfq8mre   2014-01-31 12:51:01 UTC   0.61994449 BTC   queued

1   Not yet redeemed   0.61994449   172rKggedoC3bx4QF9V6FMJsCSeixKinMe   Address   
OP_DUP OP_HASH160 422a57bc2606764211e523f1ffdf437327ebade6 OP_EQUALVERIFY OP_CHECKSIG

Quote
Profile information
Account label:   74hkarzq
Joined:   2014-01-31 12:12:55 UTC
Status:   Active
Sponsor:   Yes (m7xshper)
Total referrals:   0
Active referrals:   0
Deposit address:   172rKggedoC3bx4QF9V6FMJsCSeixKinMe
Payout address:   1BPEKyiZMatx2BCtVn8JpFM7gHxMjPCgqu
Total deposited amount:   0 BTC
Equivalent hashing power:   0
Current bonus:   10.0%
Average bonus:   0.0%
Pending rewards:   0 BTC
Sent rewards:   0 BTC
Last update:   2014-01-31 12:12:55 UTC
Active deposits
No active deposits.
Standby deposits
Label   Date   Deposited amount   Category
3xfq8mre   2014-01-31 12:51:01 UTC   0.61994449 BTC   queued
Last 20 transactions
Date   Amount   Description
2014-01-31 12:51:01 UTC   0.61994449   new deposit (3xfq8mre)   see transaction

the transaction was made today ... pls refund now before your next order of chips

there has to be a way out of this mess everyone

1BPEKyiZMatx2BCtVn8JpFM7gHxMjPCgqu
inaltoasinistra
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February 01, 2014, 09:39:23 AM
 #2268

I am absolutely transparent: queued deposits are not "coins on hold" I used that money (along with my own money) to buy the new chips. However I will try to find a way to manage the change of the payout address, through signed messages, so people will be able to trade theirselves the accounts.
Great! You could implement an escrow service in order to avoid frauds, the message to sign could be something like:
[ Transfer account X (Y btc deposited, W btc rewarded, Z% of bonus) to address A if T btc are received on address B ]
Mmh, frauds are still possible: double sell :O So Pyramining.com has to know the next payout address before the payment.

This could reduce investments in new hardware :O

justice
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February 01, 2014, 01:35:26 PM
 #2269


I am absolutely transparent: queued deposits are not "coins on hold" I used that money (along with my own money) to buy the new chips. However I will try to find a way to manage the change of the payout address, through signed messages, so people will be able to trade theirselves the accounts.

I will think about a way to allow people to quit earlier by buying back their account myself at a discount. However in this case I will have to take into consideration the bitcoin fiat value at the time the deposit has been made, there is no chance I can afford to buy the same number of bitcoins at the current price.



28nm chips?
pyramining
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February 01, 2014, 03:12:31 PM
 #2270

I just added the option to sell the account and quit. The value is calculated on the bitcoin value at the deposit time, taking into consideration exchange/bank/management fees, payouts already made and the current bitcoin value. The option is located on the right column in the account profile. The sale is final and can not be reverted.

Beware that I have to process manually the sales, so the payout is not real time. Requests will be however processed at best effort, as soon as possible.

In the next days I will think about a procedure to change the payout address using signatures so you will also be able trade your account with third parties autonomously.
pyramining
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February 01, 2014, 03:13:46 PM
 #2271

28nm chips?

I can't tell the exaxt process size because it would help to discover who is the partner who will supply chips, with whom I signed an NDA. However they are new generation and they are smaller than 30nm.
pyramining
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February 01, 2014, 04:27:58 PM
 #2272

I just added the option to sell the account and quit.

I forgot to mention that sold accounts are not deleted, therefore nothing will change for sponsor or referrals of the accounts being sold.
krash282
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February 01, 2014, 05:19:46 PM
 #2273

Thank you Pyra for your understanding and support.
waiting for transfer.
Generated the payout from Q - the fiat value and payouts are manual.

1BPEKyiZMatx2BCtVn8JpFM7gHxMjPCgqu
biddicoin
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February 01, 2014, 05:22:03 PM
 #2274

Sounds good Pyramining! Sadly late again for new ASICs
pitpossum
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February 01, 2014, 06:51:15 PM
 #2275

i think all will be fine when chips are ready and running. for me its a long time investment. so i keep my coins in

 *Link Removed*     2013-06-09 00:15:28 UTC    still active
 *Link Removed*     2013-06-09 00:15:28 UTC    still active
seot
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February 01, 2014, 07:22:41 PM
 #2276

Thank for updates!!!  I am still with you, I won´t quit   Smiley
 
as2davis
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February 02, 2014, 01:23:38 AM
 #2277

How long do I have to wait for my investments to become active?

My bitcoin address 19Ldz5YuTFjZuNchRdnvmKuZDLdXexC1Ae
rdyoung
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February 02, 2014, 02:34:42 AM
 #2278

Sounds good Pyramining! Sadly late again for new ASICs

Everyone is late with asics. Cointerra and bitmine just announced production 2 months behind schedule.
Difference being this time he contracted out with someone who has more experience and resources than he does, last time he designed the chips himself.
We are invested in a world of tech that is bleeding edge, if you can't handle that then you shouldn't have invested the milk money in btc.
ArethusaF38
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February 02, 2014, 07:02:09 PM
 #2279

Sounds good Pyramining! Sadly late again for new ASICs

Everyone is late with asics. Cointerra and bitmine just announced production 2 months behind schedule.
Difference being this time he contracted out with someone who has more experience and resources than he does, last time he designed the chips himself.
We are invested in a world of tech that is bleeding edge, if you can't handle that then you shouldn't have invested the milk money in btc.

Indeed.  You can't get much more cutting edge than Bitcoin mining.  Everyone concerned seems to be struggling to keep up, not just with the technology, but the increased interest and demand for hardware and 'cloudhashing'.

As with all investment, caveat emptor.  I buy small-cap stocks, bullion, trade forex and lend peer-to-peer, so I'm comfortable with risk and try to keep a reasonably balanced portfolio, of which Bitcoin is a part.  If you're putting all your eggs into one basket and things don't go according to plan, don't be surprised if you experience high anxiety levels!  Any money invested should be 'risk capital', i.e. money you can afford to lose, not next month's rent.

This is a risky investment, and always has been.  Now is not the time for faint hearts!
Squeaker
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February 02, 2014, 10:26:25 PM
 #2280

That is a scam in the post above don't click on it! Be warned!
What is there to click on? Fail.

=squeak=

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