Bitcoin Forum
December 03, 2016, 05:48:36 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 ... 150 »
  Print  
Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297172 times)
BobbyJo
Sr. Member
****
Offline Offline

Activity: 354



View Profile WWW
August 24, 2012, 05:15:33 PM
 #521

What is the plan when ASIC hits (possibly in 6-8 weeks).  I want to invest but I am concerned that the payback time will dramaitcally increase from 10 months to several years!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480787316
Hero Member
*
Offline Offline

Posts: 1480787316

View Profile Personal Message (Offline)

Ignore
1480787316
Reply with quote  #2

1480787316
Report to moderator
1480787316
Hero Member
*
Offline Offline

Posts: 1480787316

View Profile Personal Message (Offline)

Ignore
1480787316
Reply with quote  #2

1480787316
Report to moderator
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1442



View Profile
August 24, 2012, 05:36:15 PM
 #522

Hi, yes, had deposited about 0.03 BTC

The login address is the deposit address, not the address you created for withdrawals.

BecomingPhill
Full Member
***
Offline Offline

Activity: 140

BTC in Namibia


View Profile WWW
August 24, 2012, 06:25:13 PM
 #523

Hi, yes, had deposited about 0.03 BTC

The login address is the deposit address, not the address you created for withdrawals.

Stupid me, thanks.


19YMKfUYc9S2orgBvp3LaHRbBJ5wNQENK1
pyramining
Hero Member
*****
Offline Offline

Activity: 501


View Profile
August 24, 2012, 07:46:55 PM
 #524

What is the plan when ASIC hits (possibly in 6-8 weeks).  I want to invest but I am concerned that the payback time will dramaitcally increase from 10 months to several years!

When ASICs will be available, all the new deposits will be invested into ASIC hardware at the advantage of everyone (present and past members). I can't make a plan without even know if ASICs will really hit the market in 8 weeks, also because nobody has ever seen one yet.

Besides we're finding an agreement with a partner to produce our own ASICs, after evaluating every detail. This approach could take up to one year.

In the meanwhile we will keep investing into existing hardware, always keeping an eye open to price and performances. Today it's FPGA based, tomorrow might be something else, depending on what market and technology offer.

BobbyJo
Sr. Member
****
Offline Offline

Activity: 354



View Profile WWW
August 24, 2012, 09:41:48 PM
 #525

Thats a good enough response for me.  Welcome aboard to me!!

http://www.pyramining.com/referral/6fkandthr    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/mb4xphqtc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/tbah8prqc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/cra4gdn6f    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/82sy4kd9m    2012-08-24 21:26:30 UTC    still active

Maidak
Legendary
*
Offline Offline

Activity: 1078


bitcoinminerz.com


View Profile WWW
August 24, 2012, 10:24:56 PM
 #526

http://pyramining.com/referral/nqc6394sr   2012-08-17 09:22:31 UTC   still active
http://pyramining.com/referral/sn2k7b6pr   2012-08-17 08:32:53 UTC   still active
http://pyramining.com/referral/g294baqcd   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/sga36ryzm   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/4qxaz6kfd   2012-08-13 02:30:09 UTC   still active

some linkies to use

Buy & Sell Bitcoin | Escrow | BitcoinminerZ.com | MMOclub.com Contact by SMS/Call(717)454-4274 or email maidak@mmoclub.com for fast service!
CecilNiosaki
Full Member
***
Offline Offline

Activity: 205


View Profile
August 25, 2012, 03:46:46 AM
 #527

Some more links Smiley

http://pyramining.com/referral/rgxy2aqm4    
http://pyramining.com/referral/st7ze9bk6
http://pyramining.com/referral/fgrcnazsp
http://pyramining.com/referral/ck7gtndbe
http://pyramining.com/referral/m3st6hkag
RoloTonyBrownTown
Sr. Member
****
Offline Offline

Activity: 350



View Profile
August 25, 2012, 06:34:30 AM
 #528

Updated links:


http://pyramining.com/referral/dbegpkrfc   2012-08-25 06:29:23 UTC   still active
http://pyramining.com/referral/gxq2r84m7   2012-08-25 06:29:23 UTC   still active
http://pyramining.com/referral/fgh3xc2tn   2012-08-19 02:11:19 UTC   2012-08-24 21:18:55 UTC
http://pyramining.com/referral/nbmsy4zxa   2012-08-19 02:11:19 UTC   2012-08-24 21:25:09 UTC
http://pyramining.com/referral/cnsf6z7qp   2012-08-18 05:19:03 UTC   2012-08-18 08:37:28 UTC

http://pyramining.com/referral/fne9p8tym   2012-08-18 05:19:03 UTC   still active
http://pyramining.com/referral/gq729e6sa   2012-08-18 05:19:03 UTC   still active
http://pyramining.com/referral/k2h6ntqry   2012-08-18 05:19:03 UTC   still active
http://pyramining.com/referral/6ckrpmzbn   2012-08-18 05:19:03 UTC   2012-08-18 09:52:51 UTC

BobbyJo
Sr. Member
****
Offline Offline

Activity: 354



View Profile WWW
August 25, 2012, 07:26:07 AM
 #529

http://www.pyramining.com/referral/dapz37fnk    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/x36akt9ec    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/k7f38esrd    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/6fkandthr    2012-08-24 21:26:30 UTC    2012-08-24 21:54:48 UTC
http://www.pyramining.com/referral/mb4xphqtc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/tbah8prqc    2012-08-24 21:26:30 UTC    2012-08-25 00:11:07 UTC
http://www.pyramining.com/referral/cra4gdn6f    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/82sy4kd9m    2012-08-24 21:26:30 UTC    2012-08-25 01:05:09 UTC

BobbyJo
Sr. Member
****
Offline Offline

Activity: 354



View Profile WWW
August 25, 2012, 07:51:47 AM
 #530

How do the referals work?  I assume that total referals are those who have created accounts and active referals are those who have deposited?

How many referals do you need before your bonus increases?  Is this based on number or volume of deposits?

Sorry for all the questions but I have caught the bug now and want to understand how to maximise it!

Maidak
Legendary
*
Offline Offline

Activity: 1078


bitcoinminerz.com


View Profile WWW
August 25, 2012, 07:56:06 AM
 #531

http://pyramining.com/referral/nqc6394sr   2012-08-17 09:22:31 UTC   still active
http://pyramining.com/referral/sn2k7b6pr   2012-08-17 08:32:53 UTC   still active
http://pyramining.com/referral/g294baqcd   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/sga36ryzm   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/4qxaz6kfd   2012-08-13 02:30:09 UTC   still active

sign up Cheesy PM me if you use one of my referals and get 1m free D3 gold.

Buy & Sell Bitcoin | Escrow | BitcoinminerZ.com | MMOclub.com Contact by SMS/Call(717)454-4274 or email maidak@mmoclub.com for fast service!
symbot
Member
**
Offline Offline

Activity: 116


Nobody accepts bitcoin on the moon.


View Profile
August 25, 2012, 08:40:07 AM
 #532

I just joined pyramining using one of the links I found here...  Help a newbie out and pick one of mine!
RoloTonyBrownTown
Sr. Member
****
Offline Offline

Activity: 350



View Profile
August 25, 2012, 10:16:42 AM
 #533

So I finally went through and read the whole thread.  I notice a little while ago everyone got all excited that 120Gh were added and that we were at 17mh/btc, but now the total seems to be 82gh and 8.9mh/Btc.

What happened?

pyramining
Hero Member
*****
Offline Offline

Activity: 501


View Profile
August 25, 2012, 10:38:25 AM
 #534

How do the referals work?  I assume that total referals are those who have created accounts and active referals are those who have deposited?

It is correct. Total referrals are account created using your as a sponsor, while active referrals are accounts where someone deposited any amount and that has not completely rewarded yet.

How many referals do you need before your bonus increases?  Is this based on number or volume of deposits?

Bonus increases immediately on every deposit made by any referral, in proportion to your amount and the amount deposited by them. Read back in the thread, it's already explained in details.
[/quote]

Sorry for all the questions but I have caught the bug now and want to understand how to maximise it!

Bug or Bus? :-)
pyramining
Hero Member
*****
Offline Offline

Activity: 501


View Profile
August 25, 2012, 10:49:28 AM
 #535

So I finally went through and read the whole thread.  I notice a little while ago everyone got all excited that 120Gh were added and that we were at 17mh/btc, but now the total seems to be 82gh and 8.9mh/Btc.
What happened?

120Gh of infrastructure were added, but it's allocated to Pyramining at every deposit made. I anticipated the funds to buy it, and I'm using the exceeding power to mine for my own. Anyway this infrastructure is ready to mine for Pyramining when deposits are made.

As already explained, the 8.9 MH/BTC is the average cost of the existing infrastructure. It's increased with time because it is an average of all the allocated hardware. New infrastructure is currently added at 11.21 MH/BTC.

The cost of the new infrastructure is proportional to the value of Bitcoin at that time. New infrastructure were at 17MH/BTC when Bitcoin value was close to 13 EUR, now that the value decreased, also the new infrastructure cost has changed.
BobbyJo
Sr. Member
****
Offline Offline

Activity: 354



View Profile WWW
August 25, 2012, 02:23:11 PM
 #536

http://www.pyramining.com/referral/dapz37fnk    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/x36akt9ec    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/k7f38esrd    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/mb4xphqtc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/cra4gdn6f    2012-08-24 21:26:30 UTC    still active

gnpeer
Full Member
***
Offline Offline

Activity: 196



View Profile WWW
August 25, 2012, 02:23:58 PM
 #537


Mine with your Bitcoins: www.facebook.com/pyramining (always active links)
Exchange all your altcoins on Vircurex (smaller fee from that link)
BobbyJo
Sr. Member
****
Offline Offline

Activity: 354



View Profile WWW
August 25, 2012, 02:33:44 PM
 #538

http://www.pyramining.com/referral/dapz37fnk    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/x36akt9ec    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/k7f38esrd    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/mb4xphqtc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/cra4gdn6f    2012-08-24 21:26:30 UTC    still active

ninjaboon
Legendary
*
Offline Offline

Activity: 1512



View Profile WWW
August 25, 2012, 02:43:00 PM
 #539

So I finally went through and read the whole thread.  I notice a little while ago everyone got all excited that 120Gh were added and that we were at 17mh/btc, but now the total seems to be 82gh and 8.9mh/Btc.
What happened?

120Gh of infrastructure were added, but it's allocated to Pyramining at every deposit made. I anticipated the funds to buy it, and I'm using the exceeding power to mine for my own. Anyway this infrastructure is ready to mine for Pyramining when deposits are made.

As already explained, the 8.9 MH/BTC is the average cost of the existing infrastructure. It's increased with time because it is an average of all the allocated hardware. New infrastructure is currently added at 11.21 MH/BTC.

The cost of the new infrastructure is proportional to the value of Bitcoin at that time. New infrastructure were at 17MH/BTC when Bitcoin value was close to 13 EUR, now that the value decreased, also the new infrastructure cost has changed.


Your site still shows the old number > Total hashing power:   82.8GH/s.
But since I like your idea, I've added some btc to my profile.

Sherkel
aka Tombstoner
Full Member
***
Offline Offline

Activity: 131


View Profile
August 25, 2012, 03:05:31 PM
 #540

Just throwing this out there. If I missed anything, please point it out instead of flaming. I was a bit confused by the FAQ, so there's quite a possibility I overlooked something.

Assuming one maximizes his or her rewards by signing up with a referral, depositing a minimal balance, signing up for another account via referral to the user's first one and depositing another minimal amount, doing this again for a third account, and finally signing up for a primary account with the referral from the second and depositing the funds to invest, he or she will end with roughly a 40% bonus (if one bitcent is in each of the first two accounts, the total bonus is 40% minus 0.003 from the first account and 0.0015 each from the second and third; so, only 0.006 BTC are "lost" in this case.) No two deposit addresses for these accounts are the same; in fact, this would give a net loss compared to waiting for the complete reward on all three, as more would be sent up to accounts that are not property of the user.

The 40% bonus is calculated as follows:
1. 10% comes from signing up with a referral (to the third account.)
2. 30% of the total income (without the 10% bonus, so as to keep it at 10%) is sent upwards to the first two accounts and the mostly irrelevant referral account.
3. If that 30% is "lost" (sent to other users,) only the 10% bonus is gained.
4. Account 3 gets 15% of the deposited BTC. Accounts 2 and 1 get the other 15%.
5. The first three accounts gain small amounts which give minimal BTC to the original referral. This negligibly decreases the 30% bonus assuming a reasonable amount is deposited to the main account.

Let's assume one deposits 10 BTC to the main account. A total of 1 BTC is gained on that alone. On the remaining three, one will gain 1.5 BTC, and the other two will gain 0.75 BTC. 4 BTC is netted.

The reward time is now roughly 1 year. This means 40% is gained per year, based on my calculations. This equates to about 0.649% per week, compounded. Compared to other investments it doesn't look like much. The main reason for using PyraMining would be for the reliability of the use of mining.

What do you get when you cross dominoes and The Matrix?
<A dominatrix!>
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 ... 150 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!