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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297081 times)
rdyoung
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November 21, 2014, 07:26:10 AM
 #2881

For those interested, it appears as though bitmain finally launched their p2pool. https://antpool.com/home.htm
If it does network with the global p2pool network, it will add 20phs to p2pool.
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ricciolone
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November 26, 2014, 06:54:13 AM
 #2882

Someone knows why an account value (to sell it to pyra) can go from 0.2 to 1.2 and viceversa?
gweedo
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November 26, 2014, 03:10:16 PM
 #2883

Someone knows why an account value (to sell it to pyra) can go from 0.2 to 1.2 and viceversa?

BTC volatility, the sell price is set in dollars and converted to bitcoins.

Want to earn 2500 SATOSHIS per hour? Come Chat and Chill in https://goseemybits.com/lobby
platti
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December 06, 2014, 12:02:20 AM
 #2884

pyramining homepage broken?

Berthorl
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December 06, 2014, 02:24:49 AM
 #2885

where can I buy these accounts? since i cant register..
rdyoung
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December 06, 2014, 10:01:45 PM
 #2886

pyramining homepage broken?


Its been doing that off and on for the past few days at the least. Its back up and running now.
rdyoung
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December 08, 2014, 02:21:37 PM
 #2887

where can I buy these accounts? since i cant register..

If your serious I have a couple of chained accts that are empty as well as a couple of small ones I can sell you. Of course 1 of the empty accts will be free, but the smaller acct you will have to pay for. I sent you a pm.
inaltoasinistra
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December 11, 2014, 01:15:41 PM
 #2888

where can I buy these accounts? since i cant register..
Are you crazy?

rdyoung
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December 12, 2014, 05:36:42 PM
 #2889

where can I buy these accounts? since i cant register..
Are you crazy?

Why is this crazy? If they can get a good deal from someone needing to cashout, why is that a bad idea? In the wasteland of defunct ponzis and exchanges, pyra is still here and paying.
thundertoe
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December 22, 2014, 04:44:44 AM
 #2890

this is garbage site if its not send me my btc back. dont be the next sucker

Total deposited amount:   1.0 BTC
Total allocated hashing power:   40.7 MH/s
Current bonus:   10.0%
Average bonus:   10.0%
Pending rewards:   0.00110319 BTC
Sent rewards:   0.04020102 BTC
Last update:   2013-04-14 21:52:57 UTC
Account value:   0.0455 | Sell account


almost 2 years now and made about .04 on a 1 btc deposit rofl can these guys be next after BFL lawsuit.

http://TEKcoin.org https://bitcointalk.org/index.php?topic=320404.0  https://twitter.com/TEKcoins   Cryptsy Screwed me recovery fund btc: 114EfeskR7RR9Lkankm6SrYUpy4ExTAxh8
ghedipunk
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December 22, 2014, 03:58:45 PM
 #2891

this is garbage site if its not send me my btc back. dont be the next sucker

Total deposited amount:   1.0 BTC
Total allocated hashing power:   40.7 MH/s
Current bonus:   10.0%
Average bonus:   10.0%
Pending rewards:   0.00110319 BTC
Sent rewards:   0.04020102 BTC
Last update:   2013-04-14 21:52:57 UTC
Account value:   0.0455 | Sell account


almost 2 years now and made about .04 on a 1 btc deposit rofl can these guys be next after BFL lawsuit.

2 years ago, the price of Bitcoins was about $13.

Today, 0.04btc is roughly $13.

You made your money back in 2 years.  That is an AMAZING investment return, considering that the vast majority of (legal) investments using fiat currency don't see a 100% return for 10 to 20 years IF they see any returns at all.

And now you're boo-hooing that your $13 that you paid 2 years ago isn't performing as well as $350 would today?

Go ahead and talk to a lawyer.  I'm sure they could use a good laugh.

166XA8Kq3Dv4DVS6vnvzRotpmJovycWd7w
ghedipunk
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December 22, 2014, 04:08:00 PM
 #2892

Account value:   0.0455 | Sell account

Also, I just noticed this line...

Which means that if you sell now, you can get $14.56 worth of BTC back.

You can double your investment today!  With the 0.04 you've already been paid, your $13 worth of BTC from 2 years ago can now be worth $27!

166XA8Kq3Dv4DVS6vnvzRotpmJovycWd7w
ricciolone
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December 22, 2014, 04:10:56 PM
 #2893

no, you have to consider the investment in btc non in euro!
ghedipunk
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December 22, 2014, 04:40:59 PM
 #2894

no, you have to consider the investment in btc non in euro!

Not sure if this is a Poe or not...  If so, nice one, it's a great touch to completely fail to capitalize.

If it's not a Poe...  well...  ignore my jibe about capitalization, since that's really not part of the conversation.

The rest of my post assumes that this isn't a Poe.  (I really can't tell if it's a Poe or not, so if it is, congratulations!)

When Pyra cashes out the bitcoins so that he can pay for the mining equipment, the rent, and the electric bill, he has to convert it to fiat currency.  (He happens to convert them to US dollars).

Within days of getting your deposit, it has a set price.  Today, that price would be around $320, depending on the exchange.  2 years ago, that was $13.

Pyra also can't travel to the future to pick up equipment that hasn't been made yet.  This means that 2 years ago, Pyra was buying FPGAs.

$13 worth of FPGA equipment 2 years ago would have brought anyone about 40MHash/sec.

Today, that $13 would buy an ASIC, and would earn you about 19.2GHash/sec.

1 bitcoin 2 years ago gave Pyra the ability to buy 40MHash/sec.  Today, 1 bitcoin gives Pyra the ability to buy 480GHash/sec.

Yes, the price of bitcoins has changed over the past 2 years.  If Pyra had somehow created the mining pool without spending any BTC at the market prices that were available at the time, then perhaps it might be somewhere close to possible within some related alternate reality that we'd consider the investment purely in BTC.

However, the fact that Pyra has promised an eventual 110% return on the BTC without adjusting for fiat conversions is already well above and beyond the call of duty.

166XA8Kq3Dv4DVS6vnvzRotpmJovycWd7w
Anillos2
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January 01, 2015, 09:11:44 PM
 #2895

this is garbage site if its not send me my btc back. dont be the next sucker

Total deposited amount:   1.0 BTC
Total allocated hashing power:   40.7 MH/s
Current bonus:   10.0%
Average bonus:   10.0%
Pending rewards:   0.00110319 BTC
Sent rewards:   0.04020102 BTC
Last update:   2013-04-14 21:52:57 UTC
Account value:   0.0455 | Sell account


almost 2 years now and made about .04 on a 1 btc deposit rofl can these guys be next after BFL lawsuit.

2 years ago, the price of Bitcoins was about $13.

Today, 0.04btc is roughly $13.

You made your money back in 2 years.  That is an AMAZING investment return, considering that the vast majority of (legal) investments using fiat currency don't see a 100% return for 10 to 20 years IF they see any returns at all.

And now you're boo-hooing that your $13 that you paid 2 years ago isn't performing as well as $350 would today?

Go ahead and talk to a lawyer.  I'm sure they could use a good laugh.
The problem is when you don't reach the minimum... Huh

bigbeninlondon
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January 02, 2015, 01:18:35 PM
 #2896

this is garbage site if its not send me my btc back. dont be the next sucker

Total deposited amount:   1.0 BTC
Total allocated hashing power:   40.7 MH/s
Current bonus:   10.0%
Average bonus:   10.0%
Pending rewards:   0.00110319 BTC
Sent rewards:   0.04020102 BTC
Last update:   2013-04-14 21:52:57 UTC
Account value:   0.0455 | Sell account


almost 2 years now and made about .04 on a 1 btc deposit rofl can these guys be next after BFL lawsuit.

How much would you have made if you bought a Block Eruptor?
zazarb
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January 02, 2015, 02:04:34 PM
 #2897

Quote
the fact that Pyra has promised an eventual 110% return on the BTC without adjusting for fiat conversions
exactly, and 110% return in 2 years  is not a fantastic profit

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ghedipunk
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January 02, 2015, 09:39:22 PM
 #2898

Quote
the fact that Pyra has promised an eventual 110% return on the BTC without adjusting for fiat conversions
exactly, and 110% return in 2 years  is not a fantastic profit

I'm sure you're thinking of a 10% return in 2 years, not 110%.  Except that 10% in 2 years is absolutely exceptional.

Most mutual funds managed by The Vanguard Group have a 10% return in 5 years.  This is some serious money in some of the hottest growth sectors, coupled with a couple of advertising tricks common to mutual funds that artificially inflate the return statistics.

https://investor.vanguard.com/mutual-funds/vanguard-mutual-funds-list

Let's take my main Pyramining account into consideration here...  http://pyramining.com/account/browse?id=6nak28t7

I've got an average completion of 3% on 1.53btc.

The day I joined, July 21st, 2013, the price was $85/btc at coindesk.

Assuming (incorrectly) that I deposited all of my bitcoins on that day, that means that I would have paid ~$130.

Today, that 1.53btc is worth ~$482.

That is a 370% increase in value over one and a half years.

However, since I deposited my money into Pyramining, this means that I have $15.75 available, from the 0.05btc that I've been paid.  (Don't worry, I re-invest it into another Pyramining account further up the chain. I'm not foolish.)

That means that over a year and a half, I've gotten 12% ROI.

That is exactly in line with the top performing mutual funds at the top performing mutual fund company... without the bullshit tricks that mutual fund managers use to make their funds looks more profitable in retrospect.

I can expect 100% ROI in 10 years, a whole 10 years shorter than billionaires typically expect their 100% ROI.

166XA8Kq3Dv4DVS6vnvzRotpmJovycWd7w
ghedipunk
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January 02, 2015, 09:51:36 PM
 #2899

And yes, I would have been better off keeping the bitcoins in my pocket...  but hindsight is 20/20, and prophecy is impossible in the world of money.

166XA8Kq3Dv4DVS6vnvzRotpmJovycWd7w
ricciolone
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January 11, 2015, 06:20:48 AM
 #2900

Hi Pyra,

I'll be glad about some news update!

About new efficient chip in development,

About your plans for all the piramyning architecture, and if you are planning to reopen the possibility to open new accounts!

TK
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