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

[zyrano]

i investet 5,5BTC and now i have 3,6% in 1,3 Years.
nobody will see his 100%.

i think he make a lot of money 4 himself not for the investors. what is with the old accounts? they never will finish.
... should i go to the police for more informations what i can do -_-"

[1714466116]

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[Squeaker]

A communist/ socialist/ everyone is equal, even those who haven't invested as much or who joined late etc, approach is clearly not going to work.  What incentive is there to join if you think that as soon as you get 50% of your money back you will get screwed over in favor of someone who joined 1 year after you???  This is business not some socialist class struggle.

Who in this thread has ever said someone should/would be penalized after receiving 50% of their funds back?

What I have said is that those that invested when btc was 20$ and have made likely 1000% profit in fiat, should get their payouts temporarily halted so that those of that us that have only recieved 10% or less of our investment might have a chance at seeing it before we die. You fuckers remind me of the rightwing republicans, its a good idea when its benefiting you, but as soon as it doesn't benefit you even as much as it was, its a bad, evil idea and the world will stop spinning if its done.

Sure... screw over those who have had a better return than you have... forget that they got in earlier, or that everyone was under the same rules, and earning at the same proportion, but they ended up in a better position due to their own choices, so we gotta screw them so those who joined later when diff and the exchange rate is higher so _YOU_, can get a return on your profit instead of those who risked more...

That's classic class warfare...

We're all in the same boat, and now you selfishly want to push the people you're jealous of, out of it.

They have just as much right to continue getting a return on their investment as anyone else does.

=squeak=

[rdyoung]

A communist/ socialist/ everyone is equal, even those who haven't invested as much or who joined late etc, approach is clearly not going to work.  What incentive is there to join if you think that as soon as you get 50% of your money back you will get screwed over in favor of someone who joined 1 year after you???  This is business not some socialist class struggle.

Who in this thread has ever said someone should/would be penalized after receiving 50% of their funds back?

What I have said is that those that invested when btc was 20$ and have made likely 1000% profit in fiat, should get their payouts temporarily halted so that those of that us that have only recieved 10% or less of our investment might have a chance at seeing it before we die. You fuckers remind me of the rightwing republicans, its a good idea when its benefiting you, but as soon as it doesn't benefit you even as much as it was, its a bad, evil idea and the world will stop spinning if its done.

Sure... screw over those who have had a better return than you have... forget that they got in earlier, or that everyone was under the same rules, and earning at the same proportion, but they ended up in a better position due to their own choices, so we gotta screw them so those who joined later when diff and the exchange rate is higher so _YOU_, can get a return on your profit instead of those who risked more...

That's classic class warfare...

We're all in the same boat, and now you selfishly want to push the people you're jealous of, out of it.

They have just as much right to continue getting a return on their investment as anyone else does.

=squeak=

Your speaking to my point by taking something simple and going nuclear with it. Its not screwing over those that have made a better return. I am speaking of those that have made a ridiculous profit already, and it would be temporary, and yes, the same criteria could be applied to all accounts so that its evened out. IE, once my accounts have profited say 110% fiat based, my payouts are halted for awhile. But its likely all moot, because pyra has his way of running things and doesnt seem to want to pay any heed to his investors.

This has nothing to do with you being in a better position because of your choices. Its not about you vs me, its about our individual contribution to pyramining and the fact that without asic investors for both rounds, the gpu/fpga investors would not be payouts at all.

Because I invested in the asic round instead of fpga does not make me less entitled to the profits that I expected when I invested.
In the same vein, because your an fpga investor and have been in since the beginning does not make you some of kind of god or all powerful being.

And again, your repeating the same lines I have heard the gop trumpet on fox news when it comes to things like minimum wage hikes, etc. Lets completely ignore the facts that have proven time and time again and just keep repeating the same lies because no matter how ridiculous something is the more you repeat the more true it becomes.

But wait, I know whats going on. You mortgaged your house way back when to invest in pyra and if your payouts are halted for even a month or 2 you will lose your house, in that case go get food stamps and get over it.

[Squeaker]

Your speaking to my point by taking something simple and going nuclear with it. Its not screwing over those that have made a better return. I am speaking of those that have made a ridiculous profit already, and it would be temporary, and yes, the same criteria could be applied to all accounts so that its evened out. IE, once my accounts have profited say 110% fiat based, my payouts are halted for awhile. But its likely all moot, because pyra has his way of running things and doesnt seem to want to pay any heed to his investors.

Who the hell are you to say if someone's profit was ridiculous or not?

It doesn't matter if it is "temporary" or not... later on there will be some other reason to "temporarily" screw them...

That isn't what they signed up for... and they are not his investors... When you bought into Pyramining, you entered into a mining contract. That contract isn't complete until the terms of the contract have been fulfilled.

Another thing to keep in mind, that when you purchased your contract, your hashrate is based on what the fiat conversion rate was at the time your deposit was made. Those who you want to screw, are already being screwed, as they currently have less hashpower per 1 BTC, than you would have making the same deposit today.

This has nothing to do with you being in a better position because of your choices. Its not about you vs me, its about our individual contribution to pyramining and the fact that without asic investors for both rounds, the gpu/fpga investors would not be payouts at all.

Of course it is... you're argument targets those who you believe to be "better off" than others...

When we purchase hashpower, unless you've been living under a rock for the past 4 years, you know that your rate of return is going to be going down the longer your hashpower is active, due to the difficulty rate. We know this going into it, and if you don't know it, how is your willful ignorance anyone else's problem?

Because I invested in the asic round instead of fpga does not make me less entitled to the profits that I expected when I invested.

You're getting the profits you paid for.

In the same vein, because your an fpga investor and have been in since the beginning does not make you some of kind of god or all powerful being.

Those who invested at that time are getting much less hashpower.

And again, your repeating the same lines I have heard the gop trumpet on fox news when it comes to things like minimum wage hikes, etc. Lets completely ignore the facts that have proven time and time again and just keep repeating the same lies because no matter how ridiculous something is the more you repeat the more true it becomes.

The facts don't change just because they're inconvenient to you, and they aren't lies. You guys just are too myopic to see the big picture. (and since you keep trying to drag political parties and attacks into this, I'm a Libertarian, not a Republican.)

But wait, I know whats going on. You mortgaged your house way back when to invest in pyra and if your payouts are halted for even a month or 2 you will lose your house, in that case go get food stamps and get over it.

Food stamps are your thing, not mine... and all I care about is getting what I paid for, and having the terms of the contract I entered into when I purchased my hashpower, honored.

I'm not a big investor... if you were to add up all of the hashpower I purchased together, as if it all completed right now, it would still amount to less than 10 BTC.

How much I purchased, isn't the point... We made a deal with pyramining for hashpower. We made a contractual obligation. That contract has to be kept, or else nobody's "investment" is safe... not even yours... if that contract can be ignored on a whim of a group of people, whining, because someone else has more, and is still getting what they paid for.

Bitcoin came into existence to get away from that class-warfare socialistic bullshit that is eating away our fiat in the first place. HELL NO am I going to go along to perpetuating that same crap here.

If you can't handle a free market, a free enterprise, and Libertarian values, then do everyone a favor, yourself included, and cash the fuck out and stay in the fiat where it can be manipulated to your heart's content.

(and on that note, that's the last I'll say on this particular topic, until it comes back up again in a month or two, when some other mental lightweight decides to let their jealousy make them stupid again.)

=squeak=

[rdyoung]

Your speaking to my point by taking something simple and going nuclear with it. Its not screwing over those that have made a better return. I am speaking of those that have made a ridiculous profit already, and it would be temporary, and yes, the same criteria could be applied to all accounts so that its evened out. IE, once my accounts have profited say 110% fiat based, my payouts are halted for awhile. But its likely all moot, because pyra has his way of running things and doesnt seem to want to pay any heed to his investors.

Who the hell are you to say if someone's profit was ridiculous or not?

It doesn't matter if it is "temporary" or not... later on there will be some other reason to "temporarily" screw them...

That isn't what they signed up for... and they are not his investors... When you bought into Pyramining, you entered into a mining contract. That contract isn't complete until the terms of the contract have been fulfilled.

Another thing to keep in mind, that when you purchased your contract, your hashrate is based on what the fiat conversion rate was at the time your deposit was made. Those who you want to screw, are already being screwed, as they currently have less hashpower per 1 BTC, than you would have making the same deposit today.

This has nothing to do with you being in a better position because of your choices. Its not about you vs me, its about our individual contribution to pyramining and the fact that without asic investors for both rounds, the gpu/fpga investors would not be payouts at all.

Of course it is... you're argument targets those who you believe to be "better off" than others...

When we purchase hashpower, unless you've been living under a rock for the past 4 years, you know that your rate of return is going to be going down the longer your hashpower is active, due to the difficulty rate. We know this going into it, and if you don't know it, how is your willful ignorance anyone else's problem?

Because I invested in the asic round instead of fpga does not make me less entitled to the profits that I expected when I invested.

You're getting the profits you paid for.

In the same vein, because your an fpga investor and have been in since the beginning does not make you some of kind of god or all powerful being.

Those who invested at that time are getting much less hashpower.

And again, your repeating the same lines I have heard the gop trumpet on fox news when it comes to things like minimum wage hikes, etc. Lets completely ignore the facts that have proven time and time again and just keep repeating the same lies because no matter how ridiculous something is the more you repeat the more true it becomes.

The facts don't change just because they're inconvenient to you, and they aren't lies. You guys just are too myopic to see the big picture. (and since you keep trying to drag political parties and attacks into this, I'm a Libertarian, not a Republican.)

But wait, I know whats going on. You mortgaged your house way back when to invest in pyra and if your payouts are halted for even a month or 2 you will lose your house, in that case go get food stamps and get over it.

Food stamps are your thing, not mine... and all I care about is getting what I paid for, and having the terms of the contract I entered into when I purchased my hashpower, honored.

I'm not a big investor... if you were to add up all of the hashpower I purchased together, as if it all completed right now, it would still amount to less than 10 BTC.

How much I purchased, isn't the point... We made a deal with pyramining for hashpower. We made a contractual obligation. That contract has to be kept, or else nobody's "investment" is safe... not even yours... if that contract can be ignored on a whim of a group of people, whining, because someone else has more, and is still getting what they paid for.

Bitcoin came into existence to get away from that class-warfare socialistic bullshit that is eating away our fiat in the first place. HELL NO am I going to go along to perpetuating that same crap here.

If you can't handle a free market, a free enterprise, and Libertarian values, then do everyone a favor, yourself included, and cash the fuck out and stay in the fiat where it can be manipulated to your heart's content.

(and on that note, that's the last I'll say on this particular topic, until it comes back up again in a month or two, when some other mental lightweight decides to let their jealousy make them stupid again.)

=squeak=

I was reading your response and had to stop when you got the big government type BS. For now it will be temporary until there is another reason, bullshit. You know that he has dedicated excess hashing power to clear the backlog. The changes he made means there will be no more backlog, IE as deposits are cleared out the list stays shorter, so everything you have to say from here on out is straight up ridiculous.

We are his investors, we did not buy a contract, if we did then mining would have stopped at a certain point. Most mining contracts usually 1 or 2 years with pbmining being the exception. We purchase hardware with our deposits, or did you not read the faq and tos when you signed up.

In my experience, anyone who is so vehemently against something without even thinking it through usually has something to hide and based on your 10k word response, I would say your embarrassed about how much you put in and your wife/husband/gf/bf/dog would kill you if they knew and if the payouts stopped coming.

If your capable of comprehending the following I will explain in more detail why the idea of temporarily pausing the fiat positive deposits is not going to call on satan to assrape while you sleep.

Its simple: Referrals. Even if the deposits for account x are paused, they will still receive the referral dividends from those they have referred. And if you try and tell me that with you having an account before pyra even registered the domain you have 0 referrals your so full of shit your neighbors can smell it. And guess what? With later deposits being smaller than the earliest ones, they will clear faster and more of the ref bonuses will go to the upline. This benefits everyone INCLUDING YOU, rather than focusing on 1 account we can knock out several at a time.

At times you have seemed to be intelligent and well though out, but this little issue has shown that you are not. You put on an air of wits but in the end your basically a rightwing pundit.

[Squeaker]

I was reading your response and had to stop when you got the big government type BS. For now it will be temporary until there is another reason, bullshit. You know that he has dedicated excess hashing power to clear the backlog. The changes he made means there will be no more backlog, IE as deposits are cleared out the list stays shorter, so everything you have to say from here on out is straight up ridiculous.

I don't have a problem with that... that 'excess' hashpower is left over from after depositors have completed their mining contract, and that hashpower has reverted back to Pyramining. If Pyramining wants to devote the unallocated hashpower to the oldest 10 open contracts, that is their business... that is, after all, their hashpower now.

As long as everyone who had purchased hashpower, are still getting what they paid for, under the terms they signed up for, that is my only concern. Suspending that, in favor of devoting it to other people, without the consent of those who own that hashpower under their open contract, is theft. That is what I am against... and I don't care how much of a deposit they made into their account, you don't get to tell them that they've made enough, and that you're taking their hashpower and giving the earnings from it to someone else, no matter how "temporary" you would imagine it to be.

We are his investors, we did not buy a contract, if we did then mining would have stopped at a certain point. Most mining contracts usually 1 or 2 years with pbmining being the exception. We purchase hardware with our deposits, or did you not read the faq and tos when you signed up.

I am not an investor. I bought a contract. What was considered a loan to Pyramining, which I would be paid back, plus a specified percentage... variable depending on how much my referrals contributed too.

If I was an investor, I would be an owner of the company, with however many or few shares to represent my investment, and I could hold onto it as long as I wanted, and continue to get dividends from it until I decided to sell off my investment.

This wasn't an investment, this was a loan... and the terms of the loan, effectively revolved around buying hashpower.

The earnings you get aren't dividends from your investment... they are repayments of your loan, using the proceeds of the hashpower you were given in exchange for your loan. When you complete, your loan is repaid, and the hashpower goes back to its rightful owner, Pyramining.

In my experience, anyone who is so vehemently against something without even thinking it through usually has something to hide and based on your 10k word response, I would say your embarrassed about how much you put in and your wife/husband/gf/bf/dog would kill you if they knew and if the payouts stopped coming.

You assume it is me who wasn't the one to think it through... and I think the exact same thing about you.

I'm not the least embarrassed, and your baseless assumptions about my personal and financial life, are wildly missing the mark. Good try tho.

If your capable of comprehending the following I will explain in more detail why the idea of temporarily pausing the fiat positive deposits is not going to call on satan to assrape while you sleep.

You mean the non-consensual taking of people's rightful earnings to give to other people.

Its simple: Referrals. Even if the deposits for account x are paused, they will still receive the referral dividends from those they have referred.

Except they will get it even slower, and possibly not at all, as diff keeps rising, and the payouts of their deposits at the exchange rate they made them, get even smaller than they already are...

And if you try and tell me that with you having an account before pyra even registered the domain you have 0 referrals your so full of shit your neighbors can smell it.

Ok, I don't even know where you're going with that bit of nonsense...

And guess what? With later deposits being smaller than the earliest ones, they will clear faster and more of the ref bonuses will go to the upline. This benefits everyone INCLUDING YOU, rather than focusing on 1 account we can knock out several at a time.

That is more an argument for re-opening new accounts and re-enabling our referral links, than it is about suspending payouts to some, in order to give them to others.

At times you have seemed to be intelligent and well though out, but this little issue has shown that you are not. You put on an air of wits but in the end your basically a rightwing pundit.

My reasoning is sound... it is your assumptions that are what you should be giving more thought to.

=squeak=

[Kais]

what's the best way to sell my Pyramining account on this forum?

[Muhammed Zakir]

what's the best way to sell my Pyramining account on this forum?

As it is down, I don't others will buy. But you can give it a try posting in marketplace. Accepting Altcoins would be great to get good attention and easy selling. You can exchange it for BTC later.
Kindly,
       MZ

[Kais]

what's the best way to sell my Pyramining account on this forum?

As it is down, I don't others will buy. But you can give it a try posting in marketplace. Accepting Altcoins would be great to get good attention and easy selling. You can exchange it for BTC later.
Kindly,
       MZ

Why would they pay altcoins, but not bitcoins?

[Lincoln6Echo]

So Pyra has a lot of space for mining gear and I assume access to cheap electricity, too.

How about hosting several Ph/s through Asicminer franchised mining and keep 20% of mining income from that?

If energy cost are around 10 ct or lower it will be worth considering in my opinion.

[bigbeninlondon]

My reasoning is sound... it is your assumptions that are what you should be giving more thought to.

=squeak=

There are those here that agree.  The question is (without telling me to go read 45 pages of arguing), is pyramining slowing down older deposits in favor of newer ones?  I thought it was the hashpower you bought at the time you bought it, as long as hashpower was online.  If pyramining gets too many investors for hashpower on hand, halt deposits until more hashpower can be purchased.  Seems pretty straightfoward...

[Squeaker]

Pyramining isn't slowing it down... difficulty is going up... and 1 BTC worth of hashpower then, is much less than 1 BTC worth of hashpower now... MH/s instead of GH/s...

So say I deposited 1 BTC back then... and the exchange rate was 50 USD per 1 BTC... you basically have loaned for 50 USD worth of hashpower to pay you back.

Today, that would be ~600 USD worth of hashpower, but if your 1 BTC from then still hasn't completed, you're still getting the hashpower at the time you deposited the 50 USD worth.

The USD value is important, as that is what determines your share of the hashpower, more or less.

With the ASICs that changed the costs some... cheaper hashpower, but takes much more hashpower to earn much less bitcoin in the same period of time, but the exchange rate is so much higher too.

Many variables to juggle while figuring out the right way to make the comparisons.

So... "is pyramining slowing down older deposits in favor of newer ones?"... I'd have to say no, they're not... they're still getting the hashpower they earned at the time they made their deposit (not counting the very oldest 10 deposits)... the difficulty rise is slowing the payouts, but that is no different than what any miner would experience.

I do know that Pyramining lately wasn't activating people's deposits until the hashpower was installed, based on some comments they had made a while ago in this thread, but I may not be entirely accurate on that point. I haven't gone back through the thread to see what exactly was said.

Those older deposits are under different rules too, since Pyramining has made some changes that the newer deposits now fall under.

=squeak=

[bigbeninlondon]

Pyramining isn't slowing it down... difficulty is going up... and 1 BTC worth of hashpower then, is much less than 1 BTC worth of hashpower now... MH/s instead of GH/s...

So say I deposited 1 BTC back then... and the exchange rate was 50 USD per 1 BTC... you basically have loaned for 50 USD worth of hashpower to pay you back.

Today, that would be ~600 USD worth of hashpower, but if your 1 BTC from then still hasn't completed, you're still getting the hashpower at the time you deposited the 50 USD worth.

The USD value is important, as that is what determines your share of the hashpower, more or less.

With the ASICs that changed the costs some... cheaper hashpower, but takes much more hashpower to earn much less bitcoin in the same period of time, but the exchange rate is so much higher too.

Many variables to juggle while figuring out the right way to make the comparisons.

So... "is pyramining slowing down older deposits in favor of newer ones?"... I'd have to say no, they're not... they're still getting the hashpower they earned at the time they made their deposit (not counting the very oldest 10 deposits)... the difficulty rise is slowing the payouts, but that is no different than what any miner would experience.

I do know that Pyramining lately wasn't activating people's deposits until the hashpower was installed, based on some comments they had made a while ago in this thread, but I may not be entirely accurate on that point. I haven't gone back through the thread to see what exactly was said.

Those older deposits are under different rules too, since Pyramining has made some changes that the newer deposits now fall under.

=squeak=

So basically, pyramining is doing exactly as you propose, and you're just telling naysayers to be quiet.

Works for me.

[ninjaboon]

I read all your considerations (flames apart) and I will take everything into account for the imminent upgrade.

any ETA for the upgrade?

[Anillos2]

I said this before: a small add on the login page would allow to recover the money faster, since I've invested only 0.11 BTC.

At this time I'm not interested in mining, I only want to recover my money, and I thing that some small advertisments could be more useful than the small allocated hasing power that I have.

I had one referral, and they completed their money.
http://www.pyramining.com/account/browse?id=hgzc2p8r

[Fabrizio89]

Investing in this kind of bonds is always a bet that difficulty and price of bitcoin won't rise too fast for you to recover your initial investment. At this point the network has grown at an astonishing pace and will probably continue to do so for at least some time. There will be a time when the best bet could be waiting until mining hardware reaches a plateau and what matters is not really the hashing power but the efficiency of said hardware, but we are not really there yet so there's still some hope to recover another bit of your money in the meantime. Mining is a game of being always aware of what comes next and playing quickly.

[lemat111]

Joined:   2013-05-24 06:14:36 UTC
Status:   active
Total deposited amount:   0.12790878
Rewarded amount:   0.00432201
Sent amount:   0.00000000
Completion:   3%
Total allocated hashing power:   123.7 MH/s


Only 3% for 1 year . Lost faith in Pyra .

[platti]

why are the rewards only 1/10 than the rewards last week?
p2pool.info found 10 blocks in the last 7 days, and 15 in the 7 days before. so why only 1/10 of the rewards ?

[rdyoung]

why are the rewards only 1/10 than the rewards last week?
p2pool.info found 10 blocks in the last 7 days, and 15 in the 7 days before. so why only 1/10 of the rewards ?

Have you accounted for our dropped % of those blocks? BTC also took a nosedive in the past couple of days.

[Squeaker]

Since the payouts are in BTC, the fact BTC took a nosedive is only relevant to how much hashpower each unit of BTC can purchase, at the time the deposit is activated.

All that matters for the BTC payouts is difficulty.

=squeak=