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

[pyramining]

Pyramining: Any chance we can move to eligius? Steadier payouts would be better all around. Plus, they merge mine nmc that would help offset the management costs.

Usually on the average, P2Pool is the pool who yelds the maximum revenue. Unfortunately during the last month it has been very unlucky (that's why it's taking longer than predicted for filling the hole). Since the average luck should point toward 100%, I wouldn't switch to another pool. In the past months there has been a (long) period of time with luck at 120% ...

[1714505061]

1714505061

[1714505061]

1714505061

[pyramining]

http://blockchain.info/address/1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF

This is one of the addresses used.

[coinnewbit]

http://blockchain.info/address/1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF

This is one of the addresses used.

Hey pyra when would you finish implementing the new hardware?

[pyramining]

We have almost reached 20TH/s of total hashing power, other 5TH/s are coming this week. Hopefully with better "luck" on the pool we should see payouts coming again starting from this week.

Old accounts are getting less performances because hashing power is no more split evenly across deposits, but it's allocated proportionally to the USD value at the time the deposit has been made. However newer accounts when completed will give their hashing power to old ones. Oldest 10 accounts are also getting a further bonus, in order to speed up completion of oldest accounts.

If P2Pool's bad luck keeps harassing us, I will gradually switch part of the miners somewhere else, however I think it's not a very good idea... P2pool is not broken and it should give the max profit.

[pyramining]

Site reorganization and new accounts reopening are a bit delayed because I am working on assembling/installing the new hardware (I think it's the most important task!).

[coinnewbit]

Site reorganization and new accounts reopening are a bit delayed because I am working on assembling/installing the new hardware (I think it's the most important task!).

That's fine and well. Thanks for the updates but could you make them just a little bit more frequent?

[simonk83]

If P2Pool's bad luck keeps harassing us, I will gradually switch part of the miners somewhere else, however I think it's not a very good idea... P2pool is not broken and it should give the max profit.

Yep, agreed.

Old accounts are getting less performances because hashing power is no more split evenly across deposits, but it's allocated proportionally to the USD value at the time the deposit has been made. However newer accounts when completed will give their hashing power to old ones

Well, that sucks for us early adopters (bit of a kick in the face), but I suppose it's necessary (or something like it) to get new people through the door.

[pyramining]

Well, that sucks for us early adopters (bit of a kick in the face), but I suppose it's necessary (or something like it) to get new people through the door.

If the new plan works as expected, through last generation hardware, it should become helpful to old accounts, too.

[simonk83]

Well, that sucks for us early adopters (bit of a kick in the face), but I suppose it's necessary (or something like it) to get new people through the door.

If the new plan works as expected, through last generation hardware, it should become helpful to old accounts, too.

No worries

[biddicoin]

This was more than a small hole...

[kreeften]

2013-04-16 1 year now
Total deposited amount:   0.10518028 BTC
Total allocated hashing power:   21.0 MH/s
Current bonus:   10.0%
Average bonus:   9.9%
Pending rewards:   0.00330521 BTC
Sent rewards:   0.0 BTC
Last update:   2013-04-15 21:43:07 UTC

with this money I can 17GH/s for 5 years on pbmining
and everey week payout

[rdyoung]

2013-04-16 1 year now
Total deposited amount:   0.10518028 BTC
Total allocated hashing power:   21.0 MH/s
Current bonus:   10.0%
Average bonus:   9.9%
Pending rewards:   0.00330521 BTC
Sent rewards:   0.0 BTC
Last update:   2013-04-15 21:43:07 UTC

with this money I can 17GH/s for 5 years on pbmining
and everey week payout

NO, because pbmining wasnt around this time last year. Not to mention the cost per ghs 1 year ago. There weren't many successful reliable cloudmining options around.

You can't compare the money you had then with what you could with it now.

[kreeften]

NO, because pbmining wasnt around this time last year. Not to mention the cost per ghs 1 year ago. There weren't many successful reliable cloudmining options around.

You can't compare the money you had then with what you could with it now.

that's true  

Do you know the difference between contracts and investments. Contracts are for people that believe 17GH/s are going to be sufficient for those 5 years. Investments in pyramining means you believe that enough people will sign up in upcoming time, that it will keep your investment profitable.

It isn't hard to understand and it morons like you that spread this FUD, and hurt the investment for everyone. So maybe think before posting.

sorry I did not mean it
everybody is going to profit?

but thank you find me a idiot
makes me feel good and gives me more confidence

[rdyoung]

2013-04-16 1 year now
Total deposited amount:   0.10518028 BTC
Total allocated hashing power:   21.0 MH/s
Current bonus:   10.0%
Average bonus:   9.9%
Pending rewards:   0.00330521 BTC
Sent rewards:   0.0 BTC
Last update:   2013-04-15 21:43:07 UTC

with this money I can 17GH/s for 5 years on pbmining
and everey week payout

Do you know the difference between contracts and investments. Contracts are for people that believe 17GH/s are going to be sufficient for those 5 years. Investments in pyramining means you believe that enough people will sign up in upcoming time, that it will keep your investment profitable.

It isn't hard to understand and it morons like you that spread this FUD, and hurt the investment for everyone. So maybe think before posting.

I understand the frustration with people who leap and then look, but no need to go nuclear on them.
They could have phrased their thought a little better but then outright insults are uncalled for.

[rdyoung]

NO, because pbmining wasnt around this time last year. Not to mention the cost per ghs 1 year ago. There weren't many successful reliable cloudmining options around.

You can't compare the money you had then with what you could with it now.

that's true  

Do you know the difference between contracts and investments. Contracts are for people that believe 17GH/s are going to be sufficient for those 5 years. Investments in pyramining means you believe that enough people will sign up in upcoming time, that it will keep your investment profitable.

It isn't hard to understand and it morons like you that spread this FUD, and hurt the investment for everyone. So maybe think before posting.

sorry I did not mean it
everybody is going to profit?

but thank you find me a idiot
makes me feel good and gives me more confidence

I have deposits going back to feb of 2013, and others have deposits going back into 2012.
Pyra has stated that he will be pointing some of the new hashing power at the oldest 10 deposits, if that plan still stands, you as well as the rest of us should see those payouts eventually. No idea when, because p2pool has been an issue lately and hopefully pyra will move some of the hardware to another pool as I do not see p2pool getting any better any time soon.

[rdyoung]

We have almost reached 20TH/s of total hashing power, other 5TH/s are coming this week. Hopefully with better "luck" on the pool we should see payouts coming again starting from this week.

Old accounts are getting less performances because hashing power is no more split evenly across deposits, but it's allocated proportionally to the USD value at the time the deposit has been made. However newer accounts when completed will give their hashing power to old ones. Oldest 10 accounts are also getting a further bonus, in order to speed up completion of oldest accounts.

If P2Pool's bad luck keeps harassing us, I will gradually switch part of the miners somewhere else, however I think it's not a very good idea... P2pool is not broken and it should give the max profit.

Just a couple of thoughts here.

Can you give us an idea based on dates of deposits when we might see this hashing power hit our accounts?

I am also curious what criteria you would assign to p2pool harassing us, it has been operating at less than 100% for 90+ days now. The expected time to block is now over 2 days, and the hashrate is steadily dropping. The flood of miners leaving because of "bad luck" will only make the "bad luck" worse.

[inaltoasinistra]

We have almost reached 20TH/s of total hashing power, other 5TH/s are coming this week.

Should't we see this improvement of speed in our accounts? This hw is splited among all of us, right?

[Lincoln6Echo]

Soo I checked my account today and there are new rewards (some satoshis).

[pyramining]

Quick update: the first payout was small because most of it went to cover up the last part of the hole.
There are some "stuck" transactions: after the wallet update there is a strange behaviour. However don't be alarmed, I am working to fix it. If you see a transaction in the logs but you don't see the transaction in the blockchain, it doesn't mean that your bitcoins are lost.

[Monkey1]

So if we are up and running again, when will the website be fixed so I can gain referrals?