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

[Tittiez]

53 btc lost in this black hole...

Don't worry, you'll have it back in 80+ years!

[davwolf]

2014-01-13 05:26:17 UTC    0.00113675   

50 days without a transaction ? UNBELIVABLE ...

it's all OFF?

anyone have a reward since january? i have 6 account with 10 btc everyone ( 3 asics)  and all without reward ...

[Squeaker]

The mining gear is currently offline (at least I think it is still offline) while he works on getting the new hardware online.

He felt that with the price and difficulty where it currently is, it was no longer profitable to keep running the older gear that has been running, and waiting for the newer gear to be online instead of continuing to mine at a loss, would better serve his investors' interests.

I don't believe any of that has changed recently, but that's the gist I got from his previous recent postings.

=squeak=

[biddicoin]

Any news pyramining?

[supersajin]

Many of you laughed at me for withdrawing funds a few weeks ago!!  Thank you Pyramining for allowing me out of jail with my btc!!!

[ArethusaF38]

Many of you laughed at me for withdrawing funds a few weeks ago!!  Thank you Pyramining for allowing me out of jail with my btc!!!

Why, what has changed?

[rdyoung]

Many of you laughed at me for withdrawing funds a few weeks ago!!  Thank you Pyramining for allowing me out of jail with my btc!!!

Why, what has changed?

Nothing... Don't feed the troll

We know that pyra is not a great communicator.
He posted about possibly moving the hardware to a neighboring country with lower power costs.

I too have a decent amount invested here, but I didn't invest the rent money, so if/when more btc flows this way its all gravy.
If you really did cash out good for you, but there are a lot of us that see that while pyra has not been on schedule he has gotten done what he aims to do.
I have no idea what's going behind the scenes atm but everyone working on 28nm has seen serious setbacks. There are few if any btc mining projects that have proceeded on scglchedule without a hitch.

[supersajin]

Many of you laughed at me for withdrawing funds a few weeks ago!!  Thank you Pyramining for allowing me out of jail with my btc!!!

Why, what has changed?

Nothing... Don't feed the troll

We know that pyra is not a great communicator.
He posted about possibly moving the hardware to a neighboring country with lower power costs.

I too have a decent amount invested here, but I didn't invest the rent money, so if/when more btc flows this way its all gravy.
If you really did cash out good for you, but there are a lot of us that see that while pyra has not been on schedule he has gotten done what he aims to do.
I have no idea what's going behind the scenes atm but everyone working on 28nm has seen serious setbacks. There are few if any btc mining projects that have proceeded on scglchedule without a hitch.

^^^^One of the people who laughed at me^^^^

[rdyoung]

Many of you laughed at me for withdrawing funds a few weeks ago!!  Thank you Pyramining for allowing me out of jail with my btc!!!

Why, what has changed?

Nothing... Don't feed the troll

We know that pyra is not a great communicator.
He posted about possibly moving the hardware to a neighboring country with lower power costs.

I too have a decent amount invested here, but I didn't invest the rent money, so if/when more btc flows this way its all gravy.
If you really did cash out good for you, but there are a lot of us that see that while pyra has not been on schedule he has gotten done what he aims to do.
I have no idea what's going behind the scenes atm but everyone working on 28nm has seen serious setbacks. There are few if any btc mining projects that have proceeded on scglchedule without a hitch.

^^^^One of the people who laughed at me^^^^

What I remember is a back and forth with a couple of trolls who refused to listen to the advice given by me and someone else in regards to selling your account back to pyra.
Please show me the post where I "laughed" at you.

[pyromaniac]

If you want to sell the account and quit Pyramining, you must sign the following message (use copy and paste) with the payout address and enter the signature in the field below. You should find the "sign message" function in your wallet.
 The sale is final and can't be reversed. By selling the account you lose all the rights related to it.

Tell me in two easy words what exactly I must do to quit pyramining and sell my account? I have not english version of wallet, so I can't find exactly same option in menu. With screenshots, if it possible.

[mindfulmojo]

If you want to sell the account and quit Pyramining, you must sign the following message (use copy and paste) with the payout address and enter the signature in the field below. You should find the "sign message" function in your wallet.
 The sale is final and can't be reversed. By selling the account you lose all the rights related to it.

Tell me in two easy words what exactly I must do to quit pyramining and sell my account? I have not english version of wallet, so I can't find exactly same option in menu. With screenshots, if it possible.

I'm too lazy for a screenshot...lol

Brief account stats
Status
Active referrals:   13
Current bonus:   75.1%
Eq. hashing power:   9.8MH/s
Reward completion:   1%
Brief Pyramining stats
Investment estimations
Break even:   ~ 1245 months
Complete reward:   ~ 1369 months
Current infrastructure:   266.29 MH/BTC
New infrastructure:   ~ 74.6GH/s/BTC
Note: these data are an estimation based on current conditions. Bitcoin mining difficulty and new infrastructure price affect these values.

Account value: 0.004 Sell account   <---------------  Sell Here!

[pyramining]

Updates:
I'm receiving the ordered parts for assembling the miners. Starting from Monday I should be able to put new asics online and gradually activate queued deposits. It will take about 2 to install all the ASICs.

During the last weeks I worked on the prototypes and written the software, and now it is ready.

I am also testing the rules for new accounts, I will publish the changes during the weekend.

[pyramining]

About the PMs, I am answering everyone... before the payouts will start flowing again, every issue will be fixed.

[Squeaker]

So how much hashpower do you estimate we'll have, once you're back up to what you consider full mining again?

=squeak=

[rdyoung]

So how much hashpower do you estimate we'll have, once you're back up to what you consider full mining again?

=squeak=

The last # he posted was 30ths.
I am hoping that's just a start as it looks like we might be getting a nano break in difficulty increases.

[pyramining]

So how much hashpower do you estimate we'll have, once you're back up to what you consider full mining again?

At least 30TH/s are going to be installed.

[pyramining]

New rules (draft):

• The hashing power is distributed proportionally to the power bought with each deposit, and it does not get averaged anymore. Deposits will get their real hashing power instead of being a part of the whole pool.
• The hashing power left (completed accounts) is distributed to the 10 oldest and still active deposits as a bonus, to speed up completion.
• The % of mined coins distributed to upper levels (sponsors) is changed. Before it was 15% to 1st level, 7.5% to second level and 7.5% to third level. It will become: 5% first level, 2.5% second level, 2.5% third level.

[rdyoung]

New rules (draft):

• The hashing power is distributed proportionally to the power bought with each deposit, and it does not get averaged anymore. Deposits will get their real hashing power instead of being a part of the whole pool.
• The hashing power left (completed accounts) is distributed to the 10 oldest and still active deposits as a bonus, to speed up completion.
• The % of mined coins distributed to upper levels (sponsors) is changed. Before it was 15% to 1st level, 7.5% to second level and 7.5% to third level. It will become: 5% first level, 2.5% second level, 2.5% third level.

I can live with this.
Could you provide us some stats as to how many accounts are 50% completed, how many are 90%, etc?

[gweedo]

New rules (draft):

• The hashing power is distributed proportionally to the power bought with each deposit, and it does not get averaged anymore. Deposits will get their real hashing power instead of being a part of the whole pool.
• The hashing power left (completed accounts) is distributed to the 10 oldest and still active deposits as a bonus, to speed up completion.
• The % of mined coins distributed to upper levels (sponsors) is changed. Before it was 15% to 1st level, 7.5% to second level and 7.5% to third level. It will become: 5% first level, 2.5% second level, 2.5% third level.

Kinda not happy since I will end up with less mining power and probably not get the full reward I was offered for a while. But if you think this is the best business decision I can accept it. I think what would be better is start new accounts off with this, and leave the old accounts the other way because then we can accept this new TOS or still enjoy the old TOS.

[rdyoung]

New rules (draft):

• The hashing power is distributed proportionally to the power bought with each deposit, and it does not get averaged anymore. Deposits will get their real hashing power instead of being a part of the whole pool.
• The hashing power left (completed accounts) is distributed to the 10 oldest and still active deposits as a bonus, to speed up completion.
• The % of mined coins distributed to upper levels (sponsors) is changed. Before it was 15% to 1st level, 7.5% to second level and 7.5% to third level. It will become: 5% first level, 2.5% second level, 2.5% third level.

Kinda not happy since I will end up with less mining power and probably not get the full reward I was offered for a while. But if you think this is the best business decision I can accept it. I think what would be better is start new accounts off with this, and leave the old accounts the other way because then we can accept this new TOS or still enjoy the old TOS.

I believe he is referring to newly active deposits. Current deposits should keep the old rules.
The way I read this, and the way I believe it should be is that the older deposits split at least some of the excess hardware he brings online to get them out of the way. I have deposits going back to july of last year, and I am willing to wait for those older than me to get their due before I get paid.

So in short, here is my suggestion.
We have 5.9ths in queue and 30+ coming online. Take 10ths and split it among the oldest deposits, by 10, or whatever # makes sense for the size of the earliest accounts and leave the rest for new deposits.