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Author Topic: http://www.pyramining.com/ - Discussion thread (no advertising here)  (Read 297194 times)
Monkey1
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September 28, 2012, 07:16:41 AM
 #681

The trouble with ASIC is that it doesnt exist yet.  You can take the deposits and pre order and have no idea when it will arrive, or you can buy proven technology until something else is availiable.  BFL may still not be the first to produce ASIC, so it is probably prudent to wait and see!

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September 28, 2012, 07:54:55 AM
 #682

So, it is quite interesting that, in the end, it seems that between BFL and Avalon asic race, Pyraminng will get the technology first!  Grin


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September 28, 2012, 10:35:20 AM
 #683

So, it is quite interesting that, in the end, it seems that between BFL and Avalon asic race, Pyraminng will get the technology first!  Grin



rofl +1

Monkey1
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September 28, 2012, 10:39:57 AM
 #684

Fingers crossed!

btharper
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September 28, 2012, 12:39:01 PM
 #685

The trouble with ASIC is that it doesnt exist yet.  You can take the deposits and pre order and have no idea when it will arrive, or you can buy proven technology until something else is availiable.  BFL may still not be the first to produce ASIC, so it is probably prudent to wait and see!
My impression so far has also been that pyramining wants to develop its own ASIC chips similarly to how it worked out its own FPGA stuff. So when BFL or anyone else comes out with their chips isn't relevant to when Pyramining does. Besides, ordering from anyone at this point puts Pyramining closer to the back of the line, no point in getting stuck there.

My worry is mostly that the ASICs that trickle in during new deposits will keep hash rates lower while everything is on hold waiting for new deposits, which would then discourage new deposits since they'd be paying to help upgrade everyone else. Which sticks everyone in a lose-lose situation if I'm correct and pyramining hasn't already figured out how to deal with it.

Edit:
So, it is quite interesting that, in the end, it seems that between BFL and Avalon asic race, Pyraminng will get the technology first!  Grin
Haha, wouldn't that be awesome?
Monkey1
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September 28, 2012, 03:20:59 PM
 #686

I would agree that it looks as though he is developing (or at least involved with developing) some form of ASIC himself.  I would not want to pre order anything at this stage from any of the companies as they have so far proved nothing and w ehave no idea when delivery might be (apart from a vauge indication from BFL - but with no actual product this may well slip).

I am happy with the current situation.  If we start to get left behind, Pyramining may need to look at buying in some ASIC hardware from existing manufacturers.

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September 30, 2012, 09:52:47 PM
 #687

Bring on the ASIC.  I am begining to doubt that BFL will deliver in 4 weeks as promised, so if Pyramining can develop something over the next few months, that would be awesome.

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October 01, 2012, 06:08:18 AM
 #688

Bring on the ASIC.  I am begining to doubt that BFL will deliver in 4 weeks as promised, so if Pyramining can develop something over the next few months, that would be awesome.
I know BFL quotes are currently in November, I want to say I saw November 20th somewhere, but not as often. So possibly 7 weeks from now?
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October 02, 2012, 06:06:55 PM
 #689

I am sure they said late Oct which has since become early November.  I havent seen any further delay since then.

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October 02, 2012, 08:52:09 PM
 #690

I am sure they said late Oct which has since become early November.  I havent seen any further delay since then.

havent seen any more delay no, but i have seen a increase in speed on the riggs! /drool

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October 02, 2012, 09:41:16 PM
 #691

But that makes no real difference.  If everyone is mining on those rigs, it simply means that elecity costs go down.  Your income wont increase.

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October 02, 2012, 11:19:23 PM
 #692

But that makes no real difference.  If everyone is mining on those rigs, it simply means that elecity costs go down.  Your income wont increase.
It does mean that MH/$ goes down, and their units preform better against their rivals (Avalon and bASIC off the top of my head). And may result in a few extra preorders for them.
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October 03, 2012, 08:13:37 AM
 #693

Is the site down ?

Lifetime Member of the Bitcoin Foundation | Member of the Bitcoin Association of Australia
pyramining
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October 03, 2012, 08:21:58 AM
 #694

Unexpected maintenance in progress on the web interface. It will be restarted as soon as possible.
pyramining
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October 03, 2012, 08:58:59 AM
 #695

The web interface has been restored.
Monkey1
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October 03, 2012, 07:01:56 PM
 #696

Back up fine for me.

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October 04, 2012, 12:06:20 PM
 #697

Yup, works fine.

Mine with your Bitcoins: www.facebook.com/pyramining (always active links)
Exchange all your altcoins on Vircurex (smaller fee from that link)
seot
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October 04, 2012, 06:45:52 PM
 #698

ASIC update: it's not official yet, but we are in the order of 540MH/btc with next generation infrastructure. We're working hard on it.

 Shocked uaaau, I have just joined Pyramining (23-09)  and you are doing a very good job, indeed. I am investing with the very few mbtc I have
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October 04, 2012, 06:48:00 PM
 #699

ASIC update: it's not official yet, but we are in the order of 540MH/btc with next generation infrastructure. We're working hard on it.

 Shocked uaaau, I have just joined Pyramining (23-09)  and you are doing a very good job, indeed. I am investing with the very few mbtc I have
Just a warning about something I ran into, with small investment amounts (<10BTC or so) the time to realize any returns can be high. Not that this has stopped me either.
seot
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October 04, 2012, 07:10:45 PM
 #700



Just a warning about something I ran into, with small investment amounts (<10BTC or so) the time to realize any returns can be high. Not that this has stopped me either.

Yes, I know that, but as I've said, I am new to Bitcoins. In this stage, I am not taking it as a real investment, but an investigation  Wink , and my investments are pretty low. I know nothing about mining and technology, I was just surfing the web and bumped into Bitcoins, and while trying to learn more, bumped into Pyramining. I believe it is a real way of investing in Bitcoins for people as me that know nothing about technology. Outsourcing mining is the way for real Newbies to join Bitcoin World. That is my opinion  Smiley
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