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

[Raoul Duke]

That doesn't say anything about why there have been no rewards whatsoever since June 29.
You wrote 2 paragraphs and said diddly-squat. You are starting to sound a lot like pirateat40.

Please, don't mention him! :-)

Due to difficulty increase, and running costs, old hardware is mining with a very little margin, so most of the mined coins went into paying infrastructure. However with ASICs, costs will be spread on new hardware too, so it's still profitable to run them.

That was something I could understand. Thank you.

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[pyramining]

Update on plans:

Before the end of July I will be able to deploy ~600GH/s more.
Before the end of August there will be at least 3TH/s more.

[pyramining]

To thank everyone for their patience during the long wait, I will try to make an account with 50% deposit under the account of everyone who is in queue, even for those who deposited after the promotion was expired. I should have enough resources to cover all deposits.

[miffman]

awesome  well done for making it this far!

[soylent green]

Update on plans:

Before the end of July I will be able to deploy ~600GH/s more.
Before the end of August there will be at least 3TH/s more.

have been investing with you (and advertising for you) since January- pretty excited to see my accounts come online. thanks for all your hard work. 

[pyromaniac]

That sounds just great, but when we will get next payment? Let me remind you, the last payment was June 29.

[pyramining]

That sounds just great, but when we will get next payment? Let me remind you, the last payment was June 29.

I suppose that around Monday payouts will start to arrive again. These days have been a bit "messy" because the old infrastructure alone was not anymore efficient enough and the new software was not very stable.

Today I am completing the installation of the available new infrastructure (in the past few days it was still a "prototype installation"), and keep adding units when the assembly house delivers.

I am also changing pools to optimize revenues and preparing all the software for solo-mining.

[pyra-proxy]

That sounds just great, but when we will get next payment? Let me remind you, the last payment was June 29.

I suppose that around Monday payouts will start to arrive again. These days have been a bit "messy" because the old infrastructure alone was not anymore efficient enough and the new software was not very stable.

Today I am completing the installation of the available new infrastructure (in the past few days it was still a "prototype installation"), and keep adding units when the assembly house delivers.

I am also changing pools to optimize revenues and preparing all the software for solo-mining.

Couple thoughts come to mind...  If the old infrastructure is not profitable could you consider removing it from service after the planned roll out of asic mining in July?  This way it will not be dragging down general profitability and you could salvage parts/sell parts to others to get a little added income for the service?

Secondly,  I highly recommend using bitparking for your pool mining and up until you get some ample mining running stable at least.  The DGM algo will reduce pool variance and bitparking is a smaller ish pool so you'll be helping them while also not being too small to see no benefit for yourself as well.  You could even take merge mined coins if you claim them, and sell them periodically to btc for release to the accounts for a little added pyramining revenue and speeding along the time for accounts to get ROI + 10% + bonus

[pyramining]

Couple thoughts come to mind...  If the old infrastructure is not profitable could you consider removing it from service after the planned roll out of asic mining in July?

Since new infrastructure shares some costs with the old one, now it's still slightly profitable. I will consider removing it once it will not be worth anymore.

Secondly,  I highly recommend using bitparking for your pool mining and up until you get some ample mining running stable at least.  The DGM algo will reduce pool variance and bitparking is a smaller ish pool so you'll be helping them while also not being too small to see no benefit for yourself as well.  You could even take merge mined coins if you claim them, and sell them periodically to btc for release to the accounts for a little added pyramining revenue and speeding along the time for accounts to get ROI + 10% + bonus

I will consider bitparking, evaluating how much could merged mining be profitable. Thanks for the advice.

[pyra-proxy]

Secondly,  I highly recommend using bitparking for your pool mining and up until you get some ample mining running stable at least.  The DGM algo will reduce pool variance and bitparking is a smaller ish pool so you'll be helping them while also not being too small to see no benefit for yourself as well.  You could even take merge mined coins if you claim them, and sell them periodically to btc for release to the accounts for a little added pyramining revenue and speeding along the time for accounts to get ROI + 10% + bonus

I will consider bitparking, evaluating how much could merged mining be profitable. Thanks for the advice.

The added return typically hovers around 6% bonus to your expected BTC revenues but this fluctuates with alt prices of course but 6% has been relatively stable ish over an average of many months.

[Krak]

I will consider bitparking, evaluating how much could merged mining be profitable. Thanks for the advice.

I highly recommend Bitparking also. The merged coins have earned me a pretty decent bonus.

[Akka]

Can't you merge mine with P2Pool as well? I think the concept of it is preferable to any pool.

[pyramining]

Can't you merge mine with P2Pool as well? I think the concept of it is preferable to any pool.

I never tried merged-mining, but I am considering it. Also I am testing the latest version of P2Pool with FPGA & ASICs, and it seem it's working much better than before. If it's confirmed, I will switch to P2Pool until the total hashing power will grow enough to go solo-mining.

[pyramining]

I updated the cost/performance parameters to match the next batch of hardware. The cost of 1 GH/s went down from 4.47 to 2.41 BTC.

[gektek]

My vote is for Bitparking as well...been with them for QUITE some time now and have always been happy.

[platti]

bitparking is to small and you must withraw manually. I am using 50btc.com and I am happy with this

[crazyearner]

Hi is their a way to recover account here as  I lost my deposit address I sent coins to ?

[pyramining]

Hi is their a way to recover account here as  I lost my deposit address I sent coins to ?

I wrote a PM.

[pyramining]

I made some tests on P2Pool and now it seems it's performing quite well. I am going to install a production server and move the hashing power there.

[platti]

last block, which p2pool found: Block 246294 (2013-07-13 03:21:31)
this pool ist to small