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

[wirmola]

I start to feel very cheated on this pyra story. When I deposited it was supposed take about a year now and now it is 120 months??? Pyra please get me opt out of this or solve those numbers because this starts to feel like a bad joke now..

[bitpop]

Where are the hardcore supporters now?

[tex83rb]

I start to feel very cheated on this pyra story. When I deposited it was supposed take about a year now and now it is 120 months??? Pyra please get me opt out of this or solve those numbers because this starts to feel like a bad joke now..

it became 10 years.... it's not convenient anymore obviously. pyramining should now permit to users to exit . at least taking back some percentage, but however permit to exit.

eg.

you want to exit before completion? ok pyramning will take 10 % of your deposit. it's an example, maybe big deposit will be discounted.

in that way, yes it will be a losing investment but with a minimization of the lost.

i have in total , between asic and normal, 3,14 btc.

in that situation i will be happy to be able to exit even if losing e.g. 0,3 btc. but saving right now 2,8 btc.



for me it's better to lose something but save the bigger amount, instead of leaving for 10 years the btc there.

if you agree with me there has to be signed a petition....

of course the better thing is to retrieve all btc deposited, but if the author will make troubles doing that, at least 90 % or similar.

[liberty90]

of course the better thing is to retrieve all btc deposited, but if the author will make troubles doing that, at least 90 % or similar.

It may be mathematically impossible. Remember, that BTC prices were radically lower when many of these investments were made.
And Pyramining exchanged them for dollars to buy mining equipment...

Where are the hardcore supporters now?

We still have chance to see part of our BTC back, but ASICS need to be online as soon as possible; otherwise situation will look very bad, indeed.


PS. I'm sure that Pyramining owner is a honest man, and that this situation was relatively unpredictable.

[wirmola]

of course the better thing is to retrieve all btc deposited, but if the author will make troubles doing that, at least 90 % or similar.

It may be mathematically impossible. Remember, that BTC prices were radically lower when many of these investments were made.
And Pyramining exchanged them for dollars to buy mining equipment...

Where are the hardcore supporters now?

We still have chance to see part of our BTC back, but ASICS need to be online as soon as possible; otherwise situation will look very bad, indeed.


PS. I'm sure that Pyramining owner is a honest man, and that this situation was relatively unpredictable.

I am open for less then 90% if pyramining would be interested, Ofc I understand this must be difficult for pyramining too. But he should really show some good faith and try to make some sort of compromise towards the people which have been backing him at this point.. The difficulty will just go higher and higher and soon its gonna be a 1000 months for breakeven as it looks like now..

[ArcticWolf]

I wouldnt mind forfeiting 10% of my investment if it meant that I could get back the rest.
With the difficulty rising as it is, there is almost no chance that I will ever see my btc again

[ninjaboon]

I wouldnt mind forfeiting 10% of my investment if it meant that I could get back the rest.
With the difficulty rising as it is, there is almost no chance that I will ever see my btc again

I wish I could cash out now. I've got a few Bitcoin projects to fund in Asia now.

[tex83rb]

so for me the situation is that my 1 btc invested in old structure is almost lost even if the structure will be updated (4x around, where it is written NEW INFRASTRUCTURE)

but 2,14 invested in asic maybe will be back, if asic will be implemented asap, of course.

i would have reply from pyramining owner......

[seot]

PS. I'm sure that Pyramining owner is a honest man, and that this situation was relatively unpredictable.

Surely he is a honest man, he told me he was going to give me a solution for my Instawallet payout adress, and he has done so.

Where are the hardcore supporters now?

Bitpop, you are always trolling (I think this is the expresion to say what I am meaning) Really bitcoins are like playing the stock market, you can win or loose.  If you disagree with Pyramining, just stay out and think you have lost your bitcoins in the stock market. If you invested in Pyramining without thinking about the risks..... then you know nothing about business, so don´t talk about it and avoid  trying to make others panic. Others are thinking about getting back their bitcoins. When you first invested in Pyramining.....why did you invest? When I first invest there was more than 1 year to see returns, so.....for 1 YEAR I can touch none of those bitcoins and I Know that. If I was going to be patient for that, why not to be patient to see ASIC working? I have some more month to become unpatient, if you undestand what I mean

[Giant]

why not to be patient to see ASIC working?

I'm willing to be patient if the guy gives us some regular status updates. It's been months waiting with the occasional "I'm very busy". That's not enough for people who have invested their own money, sometimes decent amounts of it, in his plans. If you have stocks you get reports from the company, if I continue your comparison.
News updates, weekly at the least.

[Giant]

See people like you just throw your money and do a follow the leader type investment. Instead of researching and seeing how much time it takes to develop asics and actually run a mining operation. Then you would know that instead of updating the community he is working hard.

How much time does it take to type two sentences every week?

It's a lot of work and he is busy, that's OK. I'm not asking for detailed reports. Just a weekly update on the website: "I've done this and that, it's not working yet, going to do this and that now, I'll keep you posted". It seems normal to me to inform your investors just a bit.

[Giant]

You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.

So yeah, you don't want to get my point. Did I say I wanted to hear in detail what he does? Did I say I wanted to hear what methods he uses, whether they are secret or not? Just some signs of life.

[simonk83]

You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.

So yeah, you don't want to get my point. Did I say I wanted to hear in detail what he does? Did I say I wanted to hear what methods he uses, whether they are secret or not? Just some signs of life.

You're right, I completely agree.  A quick couple of lines progress report each week would go a long long way.

[gektek]

So...as a fan of Pyramining I have a concern about the people wanting to withdraw early... Lets say Pyra does allow early withdraw, however steep the terms may end up being, with more and more accounts not having hashing power taken up by their deposits...that means that those that remain 'in' would potentially gain a little bit more hashing power for their deposits...? Stay the same...? Lose power...? What would happen?

Been awhile since any official update I understand so speculation from the crowd will suffice for now

[tex83rb]

Lets say Pyra does allow early withdraw,

how? so knowing this  , a person can decide what to do with cold mind.


and also the updates once a week only to hear "i'm working on" instead of having no updates and replies for months... it's al la psicological thread...

these things  are useful for a person who invested in.

also last drop of bitcoins, i think it's all psicological threads like normal exchanges.
panic sells and these things.


but having possibilities to exit , it's better than not having. maybe i will remain in however, but more quiet!!!

[ninjaboon]

You don't get it, building an ASIC takes a lot of time and you really can't report trade secrets so yeah.

So yeah, you don't want to get my point. Did I say I wanted to hear in detail what he does? Did I say I wanted to hear what methods he uses, whether they are secret or not? Just some signs of life.

You're right, I completely agree.  A quick couple of lines progress report each week would go a long long way.

Spot on. As investors, we have a right to see some timelines.

[pyromaniac]

Pyramining looks like Moses, who led the Jews in the desert. He is almost cult person, and no one can be sure that he will ever see the Promised Land (Bitcoins). This looks like a joke, but this is not very funny.

[platti]

I received a payment from Pyramining today...thank you.

You don't need to thank me, it's just normal.

I hope Pyramining is not dependent on [edit: put your favorite vendor here] with their Asics... don't want to loose all my coins

Nobody will lose their coins. Should something go extremely wrong (extremely unlikely), coins will be sent back. I'm financially solid.

ok, pyramining please send back. i gave you a credit for 4 month with my pre-investing in the asics.
 its not funny anymore

[alexius89]

@Pyramining    please refund my invested amount because  now there is something extremely wrong!

[Welsh]

@Pyramining    please refund my invested amount because  now there is something extremely wrong!

I think you have learnt a valuable lesson, think before you invest.