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

[pyramining]

Wonder how much heat does it generate.

Not that much, it's about 6kW in total, it keeps the room warm during winter! :-)

[1714020159]

1714020159

[KB5988]

So, I'm very sorry if this is a newbie question that's been answered multiple times.

How often do 'rewards on deposits' occur? Or is there no real way to estimate that?

[pyramining]

So, I'm very sorry if this is a newbie question that's been answered multiple times.

How often do 'rewards on deposits' occur? Or is there no real way to estimate that?

It has already been explaned several times, and it's also written inside the FAQ. Payouts are automatically made each time your balance reaches 1.00502512 BTC (subtracting 0.5% fee = 1 BTC). If it's the last payment (example: it remains 1.83 BTC to complete the account), payment will be delayed until the full amount is reached.

[KB5988]

So, I'm very sorry if this is a newbie question that's been answered multiple times.

How often do 'rewards on deposits' occur? Or is there no real way to estimate that?

It has already been explaned several times, and it's also written inside the FAQ. Payouts are automatically made each time your balance reaches 1.00502512 BTC (subtracting 0.5% fee = 1 BTC). If it's the last payment (example: it remains 1.83 BTC to complete the account), payment will be delayed until the full amount is reached.

Indeed, that question I knew the answer to. I asked something different though.  I wanted to know if there was a regular interval of the 'rewards on deposit XXXXXX' not when the payouts occur. IE when the pending rewards increases. Or if the interval is fairly random.

[pyramining]

Indeed, that question I knew the answer to. I asked something different though.  I wanted to know if there was a regular interval of the 'rewards on deposit XXXXXX' not when the payouts occur. IE when the pending rewards increases. Or if the interval is fairly random.

I apologize if I didn't understand the question correctly. The interval is almost random: each time Pyramining receives a payment from one of its pools, and the transaction is confirmed, the amount becomes available for distribution. The distribution procedure is launched hourly, and it kicks in if there are any credits available.

[KB5988]

Indeed, that question I knew the answer to. I asked something different though.  I wanted to know if there was a regular interval of the 'rewards on deposit XXXXXX' not when the payouts occur. IE when the pending rewards increases. Or if the interval is fairly random.

I apologize if I didn't understood the question correctly. The interval is almost random: each time Pyramining receives a payment from one of their pool, and the transaction is confirmed, the amount becomes available for distribution. The distribution procedure is launched hourly, and it kicks in if there are any credits available.

Awesome, thanks for the answer.

[Tamerz]

I notice that my account says "Sent rewards:   3.01005026 BTC", however if I look in the full transaction list it only shows two payouts of 1 BTC each. Am I missing something?

[pyramining]

I notice that my account says "Sent rewards:   3.01005026 BTC", however if I look in the full transaction list it only shows two payouts of 1 BTC each. Am I missing something?

You're missing the 0.5% transaction fee, that helps me cover administration costs. It's explained in the F.A.Q.

[matthewh3]

I made a BTC9.90001111 deposit to top up a BTC0.10001111 deposit to meet your BTC10.00001111 threshold for the ASIC deposit bonus.

https://blockchain.info/tx/ec4e8a43769d76994272eee413e97bd3daeeb1605b6f22f21da5f74644d8b72e

Yet on my Pyramining account page it shows up as a FPGA deposit of BTC9.9000111

[symbot]

The website is currently giving me a "502 Bad Gateway" error.

[links-pyramining]

The website is currently giving me a "502 Bad Gateway" error.

The same here...

[pyramining]

I made a BTC9.90001111 deposit to top up a BTC0.10001111 deposit to meet your BTC10.00001111 threshold for the ASIC deposit bonus.

Yet on my Pyramining account page it shows up as a FPGA deposit of BTC9.9000111

The website is currently giving me a "502 Bad Gateway" error.

I apologize for the late answer, I have been out during the weekend. It seems that bitcoind crashed and caused these problems. Now everything is fixed and working as usual. All deposits seems to be credited correctly now.

If there are any other missed deposit transaction, please report it to me, including the TXID, through a PM. If you aren't registered on this forum, an email ( info@pyramining.com ) will do.

[Akka]

Thanks for the update. Seems like bitcoind really gets on it's limits with the Amount of Addresses you handle.

Also, I read somewhere that it can case problems when it has a huge amount of transactions in it's history. I can imagine that the huge amount of addresses combined with the probably enormous amount of transactions in it's history become to much for it.

Although, I have no Idea how the Amount of addresses and transactions it has to watch could be reduced.

I think exchanges should face the same challenges, maybe one of them knows a solution?

Hopefully the next version will provide more stability.

[biddicoin]

Sorry if I missed something... perhaps someone here can me explain the following:

Except for November-ASIC deposit special ...

where is the advantage in ASIC deposits after November OR if you deposit less than 10BTC

- IF all "Pyraminer" benefit from ASICs - as soon as they are setup at pyramining

I mean the following:

If I deposit not for ASICs - my "investment" starts immediately - and as soon as ASICs arrive at pyramining - I benefit, too.

If I deposit for ASICs (after November or less than 10btc) - I have to wait untill ASICs arrive (am I right?) at pyramining and the "investment" starts only then.

What did I miss?

Only want to know if it makes sense adding some BTC after november for ASICs

Regards

[matthewh3]

Sorry if I missed something... perhaps someone here can me explain the following:

Except for November-ASIC deposit special ...

where is the advantage in ASIC deposits after November OR if you deposit less than 10BTC

- IF all "Pyraminer" benefit from ASICs - as soon as they are setup at pyramining

I mean the following:

If I deposit not for ASICs - my "investment" starts immediately - and as soon as ASICs arrive at pyramining - I benefit, too.

If I deposit for ASICs (after November or less than 10btc) - I have to wait untill ASICs arrive (am I right?) at pyramining and the "investment" starts only then.

What did I miss?

Only want to know if it makes sense adding some BTC after november for ASICs

Regards

I think the late November date was picked as ASIC's were due to be shipping by then?

[Akka]

No, I remember to have seen somewhere that he stated it would become ~January until he will be able to add the first Asics.

I can imagine that the first chips will be ordered in December. And therefore found are collected for this first order.

Also, he is stepping in new terrain here, even if he gets the chips on time. There is:

• PCB Layout
• PCB Assembly
• Mining Software configuration
• Setup of the new farm / integration into the old one
• Much more I haven't thought of

As I think this is mostly a one man operation and this whole project requires a lot of work, I expect delays to happen here.
So be patient.

[Nikolaj06]

Looking at the price per GH/s in ASIC farming, it is lower than the price per GH/s when buying ASIC's directly from BFL.. How come? does he get a discount or something? Or are the figures wrong?

[pyramining]

where is the advantage in ASIC deposits after November OR if you deposit less than 10BTC

For small amounts (less than a few BTC) nothing changes much. For higher amounts, you will add a lot more hashing power if you deposit for ASICs than depositing in current technology. This may change the speed at which you will get your rewards. It will start later, but it will end sooner.

If I deposit not for ASICs - my "investment" starts immediately - and as soon as ASICs arrive at pyramining - I benefit, too.

If I deposit for ASICs (after November or less than 10btc) - I have to wait untill ASICs arrive (am I right?) at pyramining and the "investment" starts only then.

True, and as I stated a few rows above, for small amounts there will be not much difference and it's possible to invest with FPGAs, when ASICs will be deployed, you will benefit too. But if you are going to invest, let's say 100 BTC, it's better to wait depositing or depositing using ASICs. The current promotion (on which I will deposit 50% of the deposited amount, if > 10BTC) makes it worth to invest now instead to wait for ASICs to be ready.

Only want to know if it makes sense adding some BTC after november for ASICs

After November, the only meaning you have to invest in ASIC instead of waiting for them to be ready is that deposits will be fulfilled in "first come, first served". If there will be much more deposits than available hardware (first batch), only the first ones will become active, others will have to wait for further batches.

Hope it's clear now... if you have any other question, just ask.

[pyramining]

I think the late November date was picked as ASIC's were due to be shipping by then?

No, ASIC infrastructure will be available at the end of December or most probably in January. The promotion ending by November helps me planning the correct quantities of various items I will need to set up to try to satisfy all the requests.

[biddicoin]

Thanks pyramining!

All I wanted to know.