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

[pyra-proxy]

The burning question of the moment: 

Is Pyramining still on 0.7, or on 0.8?

You'd have to ask abc pool's front-end pools, since it is a pool of pool's for lack of a better description, the odds are good pyramining hashing has gone to both chains reducing some risks in cases like this.

[reefless]

can anyone help me i'm new to this. So if i deposit 0.7 btc what spec will I get and how long it will take to get back those coins.

[bradyon]

If you deposited 0.7 btc and you have no referrals under you, at some point you will receive 0.77btc (your initial deposit+10%). Nevertheless the time it will take to receive your 0.77 will vary depending to mining conditions. According to pyramining you will get your reward complete by 2 months after ASIC implementation. So I bet it will be before july.

Enjoy and next time (if you want) use me as a referral. 

[reefless]

If you deposited 0.7 btc and you have no referrals under you, at some point you will receive 0.77btc (your initial deposit+10%). Nevertheless the time it will take to receive your 0.77 will vary depending to mining conditions. According to pyramining you will get your reward complete by 2 months after ASIC implementation. So I bet it will be before july.

Enjoy and next time (if you want) use me as a referral. 

thank you for the information

[simonk83]

Hi all,

So I thought about it some more and joined pyramining with a chunk of BTC.    I didn't go for ASIC's with this deposit, as I'd rather earn immediately this time around.

Now, I'm also considering creating a new account and depositing a fairly large amount using the initial account as the sponsor.   Is that generally a good idea (I figure it can't hurt)?    Is the bonus credited to the initial account proportionate to the amount deposited into the new account (so larger chunk you deposit, the bigger the bonus amount)?

Also, if I allocate the new deposit to ASIC's, does the initial account still receive the bonus immediately? (I assume so, just checking )

I'd be happy to hear any other investment strategies others are using if you don't mind

[Smoovious]

Hi all,

So I thought about it some more and joined pyramining with a chunk of BTC    I didn't go for ASIC's with this deposit, as I'd rather earn immediately this time around.

Now, I'm also considering creating a new account and depositing a fairly large amount using the initial account as the sponsor.   Is that generally a good idea (I figure it can't hurt)?    Is the bonus credited to the initial account proportionate to the amount deposited into the new account (so larger chunk you deposit, the bigger the bonus amount)?

Also, if I allocate the new deposit to ASIC's, does the initial account still receive the bonus immediately? (I assume so, just checking )

I'd be happy to hear any other investment strategies others are using if you don't mind

I have about 30 or 40 accounts all feeding into and out of each other in various ways. Linking your accounts through your own referrals is a good idea, and not frowned upon.

I don't know about the strategies tho... I did mine up kinda haphazardly.

Someone else will have to answer about the specifics of the bonus amounts.

-- Smoov

[simonk83]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

[links-pyramining]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

[simonk83]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

Right, so you're actually better off depositing a small amount initially, then following that up with a large referral...

I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well

[jargoman]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

Right, so you're actually better off depositing a small amount initially, then following that up with a large referral...

I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well

Damn, I wish you would have used me as a referral. Most people would deposit a small amount in the first account and chain it down from there and since bonus's go up three levels it's best to make a chain of accounts at least 4 levels down. Example if I were you I would have done something like this : 0.1 > 0.2 > 0.3 > 29.3 > 100

[simonk83]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

Right, so you're actually better off depositing a small amount initially, then following that up with a large referral...

I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well

Damn, I wish you would have used me as a referral. Most people would deposit a small amount in the first account and chain it down from there and since bonus's go up three levels it's best to make a chain of accounts at least 4 levels down. Example if I were you I would have done something like this : 0.1 > 0.2 > 0.3 > 29.3 > 100

Oh sorry dude, I might end up making more accounts so I'll keep you in mind if I do

With your suggestion though, as the rewards only go up three levels, that first account will never do anything will it (it'll never get to a 1BTC payout?  Or will the 29.3 be feeding that...).   It'd be awesome if there were a calculator site for pyramining that let you easily test out scenarios

[symbot]

My last transaction update was on March 10 at 23:26 UTC.  Something seems to be stuck somewhere...

[jargoman]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

Right, so you're actually better off depositing a small amount initially, then following that up with a large referral...

I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well

Damn, I wish you would have used me as a referral. Most people would deposit a small amount in the first account and chain it down from there and since bonus's go up three levels it's best to make a chain of accounts at least 4 levels down. Example if I were you I would have done something like this : 0.1 > 0.2 > 0.3 > 29.3 > 100

Oh sorry dude, I might end up making more accounts so I'll keep you in mind if I do

With your suggestion though, as the rewards only go up three levels, that first account will never do anything will it (it'll never get to a 1BTC payout?  Or will the 29.3 be feeding that...).   It'd be awesome if there were a calculator site for pyramining that let you easily test out scenarios

each deposit rewards itself 10% then 15% goes to one level up, then 7.5% and then 7.5%

[btharper]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

Right, so you're actually better off depositing a small amount initially, then following that up with a large referral...

I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well

Damn, I wish you would have used me as a referral. Most people would deposit a small amount in the first account and chain it down from there and since bonus's go up three levels it's best to make a chain of accounts at least 4 levels down. Example if I were you I would have done something like this : 0.1 > 0.2 > 0.3 > 29.3 > 100

Oh sorry dude, I might end up making more accounts so I'll keep you in mind if I do

With your suggestion though, as the rewards only go up three levels, that first account will never do anything will it (it'll never get to a 1BTC payout?  Or will the 29.3 be feeding that...).   It'd be awesome if there were a calculator site for pyramining that let you easily test out scenarios

each deposit rewards itself 10% then 15% goes to one level up, then 7.5% and then 7.5%

For clarity, 10% bonus goes to the referral. The 30% HASHING speed is distributed to accounts above you that aren't yet completed. If they get their complete reward (and don't add more funds) then it no longer transfers up. If the one of them finishes their "cut" of your hashing power goes up the chain if ANY accounts up the chain haven't completed yet.

[simonk83]

Thanks Smoov

Because I'm not clear on the bonus details, I guess I'm just not sure if it works out better to say put 100btc in a new account with the original as a sponsor, or create 10 accounts all linked to each other with 10btc in each.   Or for that matter, 10 accounts with 10btc all linked to the one initial account...

The formula is (( referrals total deposit / sponsor deposit) / 10 ). Let's assume you deposit 1 BTC and then 100 BTC as referral, your sponsor bonus will be 10 + (( 100 / 1 ) / 10 ) * 100 = 1010% => 10.1 BTC from your sponsor account and 110 from yor referral => 120.1BTC.

The same if you deposit your 100 in 10 separated referral accounts: 10.1 from sponsor + 11 * 10 from your referrals.

Right, so you're actually better off depositing a small amount initially, then following that up with a large referral...

I actually deposited 30BTC as my initial chunk, so adding 100BTC in a referral account doesn't seem to work out as well

Damn, I wish you would have used me as a referral. Most people would deposit a small amount in the first account and chain it down from there and since bonus's go up three levels it's best to make a chain of accounts at least 4 levels down. Example if I were you I would have done something like this : 0.1 > 0.2 > 0.3 > 29.3 > 100

Oh sorry dude, I might end up making more accounts so I'll keep you in mind if I do

With your suggestion though, as the rewards only go up three levels, that first account will never do anything will it (it'll never get to a 1BTC payout?  Or will the 29.3 be feeding that...).   It'd be awesome if there were a calculator site for pyramining that let you easily test out scenarios

each deposit rewards itself 10% then 15% goes to one level up, then 7.5% and then 7.5%

If the one of them finishes their "cut" of your hashing power goes up the chain if ANY accounts up the chain haven't completed yet.

Sorry, could you clarify that part, I think a word is missing somewhere (and it might make a big difference where ).

Do you agree that the 0.1 > 0.2 > 0.3 > 29.3 > 100 is the best way to go as well?

Thanks!

[platti]

no payouts from abc-pool?

[Akka]

no payouts from abc-pool?

ABC-Pool deactivated payouts due to the fork. They probably haven't reactivated them yet.

[bradyon]

Well, let´s hope issues like this will not happen when we move to solo mining.

....can´t wait....

[simonk83]

Site down?

[links-pyramining]

Site down?

No longer.