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

[pyramining]

If you change the way that pasyments cascade upwards, will this impact on existing deposits or only new ones?  Also, have you considered referals cascading higher up than just one level?  So that the bonus increses several layers up in the same way the increased speed works?

Minor changes affect all members, major changes only new ones. The new link referrals expiration behaviour will impact everyone. I didn't officially announced anything else (like payments topping), and if I will, they will impact only new accounts & deposits and not existing ones. It's not nice to change rules after, unless everyone would benefit from it.

Cascading referrals means spreading revenues across other members and therefore reducing revenues of people who worked to obtain them.

[1714797753]

1714797753

[yuancraft]

http://www.pyramining.com/referral/atfyz9p42    2012-09-01 06:15:03 UTC    still active
http://www.pyramining.com/referral/4bh2g6dsx    2012-09-01 06:15:03 UTC    still active
http://www.pyramining.com/referral/mefxqd4cb    2012-09-01 06:15:03 UTC    still active
http://www.pyramining.com/referral/zemyg7ac2    2012-09-01 06:15:03 UTC    still active
http://www.pyramining.com/referral/pe7fb3hds    2012-09-01 06:15:03 UTC    still active

[RoloTonyBrownTown]

Cha-ching!


http://pyramining.com/referral/es3apm2x9   2012-08-26 06:17:11 UTC   still active
http://pyramining.com/referral/dbegpkrfc   2012-08-25 06:29:23 UTC   still active
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

[Monkey1]

So much for cleaning up this thread!

[Kotera]

http://www.pyramining.com/referral/xb3qgs4fp    2012-08-26 09:05:26 UTC    still active
http://www.pyramining.com/referral/gmk6xf2ba    2012-08-26 09:05:26 UTC    still active
http://www.pyramining.com/referral/843pgaxr7    2012-08-26 09:05:26 UTC    still active
http://www.pyramining.com/referral/4z7nep9ga    2012-08-26 09:05:26 UTC    still active
http://www.pyramining.com/referral/sbm4k3rg7    2012-08-26 09:05:26 UTC    still active

[Monkey1]

Well if you cant beat them........
   
Pyramining links:

http://www.pyramining.com/referral/dtyxn62bs
http://www.pyramining.com/referral/ac2ef6khg
http://www.pyramining.com/referral/2kz9xr784
http://www.pyramining.com/referral/my6gq7hfk
http://www.pyramining.com/referral/s7tbr4amx

[pyramining]

I can't deny you to post here links because it has not been stated when the thread was open, but nothing prevents me to write a script that invalidates links posted here when they are just an advertisement, without any other useful content.

[Endgame]

What impact will release of ASICs have on pyramining? Will you continue to purchase FPGAs or switch to ASICs?

[Serenata]

I can't deny you to post here links because it has not been stated when the thread was open, but nothing prevents me to write a script that invalidates links posted here when they are just an advertisement, without any other useful content.

Aggressive but cooool! I guess certain people don't even read the thread before posting their links...>.<

[BobbyJo]

What impact will release of ASICs have on pyramining? Will you continue to purchase FPGAs or switch to ASICs?

I asked the same question a couple of weeks ago.  I was assured that if ASIC comes online, then all new purchases will be of ASIC equipment.  At present there is no ASIC, so new purchases are FPGA!

[btharper]

I can't deny you to post here links because it has not been stated when the thread was open, but nothing prevents me to write a script that invalidates links posted here when they are just an advertisement, without any other useful content.

Aggressive but cooool! I guess certain people don't even read the thread before posting their links...>.<

I was already thinking this could be the next step. I'd say that's pretty tame. Deactivating their accounts for spamming this forum in the wrong places, that would be aggressive. They're not in this thread for content or anything of the sort, they're here to spam with links where it's just relevant enough to qualify as NotSpam^TM.

Might these posts still qualify if they're no longer part of the thread's conversation? At which point they could be reported in good faith and hopefully removed. I'm sure none of them are posting in good faith at this point.

tl;dr; - They're obviously not participating in discussion about pyramining, they're spamming with links. Which is both against forum and pyramining rules.

Hey everyone, try doing it this way:
To sign up on pyramining under me click here. Or pm me for a fresh link.

[BobbyJo]

Or lock this thread and open a new one which states no referals and call it something like Pyramining support.

[pyramining]

What impact will release of ASICs have on pyramining? Will you continue to purchase FPGAs or switch to ASICs?

Actually I don't see ASICs anywhere, therefore all funds are going into FPGA. We'll buy ASICs when we will see a real one. Unless there will be more efficient FPGAs, of course.

It would be stupid sticking on current FPGA units when there is something better available. *WHEN* there will be something better available.

[btharper]

What impact will release of ASICs have on pyramining? Will you continue to purchase FPGAs or switch to ASICs?

Actually I don't see ASICs anywhere, therefore all funds are going into FPGA. We'll buy ASICs when we will see a real one. Unless there will be more efficient FPGAs, of course.

It would be stupid sticking on current FPGA units when there is something better available. *WHEN* there will be something better available.

Are you one of the mining farms using some source of cheap or free electricity? Some I know are on hydroelectric or solar and can mine even on GPUs for free. In that case it's less worry since electricity costs are negated, speed of any sort all weighs in the same.

[pyramining]

Are you one of the mining farms using some source of cheap or free electricity? Some I know are on hydroelectric or solar and can mine even on GPUs for free. In that case it's less worry since electricity costs are negated, speed of any sort all weighs in the same.

Electricity here is not cheap, but I have a 70kWp solar plant installed which lowers the electricity cost. Here the average solar power radiated is 1300W/m2, so I can obtain ~ 80000kWh/year from it.

Besides electricity cost, if ASIC miners will really hit the market, difficulty will increase so much that current hashing power would earn really little bitcoins. However I won't worry until I will see one working.

When (if) ASIC will hit the market, I will invest into that technology in order to keep the farm profitable. I am also working on custom projects, and I will invest in anything that comes first.

[BobbyJo]

Are you one of the mining farms using some source of cheap or free electricity? Some I know are on hydroelectric or solar and can mine even on GPUs for free. In that case it's less worry since electricity costs are negated, speed of any sort all weighs in the same.

Here the average solar power radiated is 1300W/m2, so I can obtain ~ 80000kWh/year from it.

Very nice!  I have just changed electricity provider and it now costs approx $0.15 per KWh (which is a lot cheaper than it was).

Also we dont really get enough sun to make solar that profitable (ROI between 30-50 years).

[btharper]

I like the new idea too.

I'm wondering though... I don't see any contact information. Is there a reason for this? Am I just missing something? I have only deposited a small amount because of this concern.

My guess is that he prefers to use the forums. I believe there is a link from site to here.

[BobbyJo]

There is.  Many BTC businesses seem to use these forums as their website/ discussion boards etc.  It saves managing several different web sites I suppose.  Look at the many Butterfly labs posts.

[Akka]

Yes, but there is no contact information anywhere.

Who is pyramining? Where is it located? Etc.

I can understand that this keeps more cautious users, or users which have been victims to scams, away.

[ninjaboon]

Breaking NEWs   

GERBITIN (German Bitcoin Investors) invested more than 100 BTC in pyramining.com

http://www.gerbitin.cwsurf.de/PYRA.html
https://bitcointalk.org/index.php?topic=101605.0

It's great to see Pending rewards section at the GERBITIN site. Then I can decide if I should invest more btc into pyramining. thanks for the mention.