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

[pyramining]

Are you saying that it can take 9 months to get your deposit active ?

Where did you read 9 months?

[1714985345]

1714985345

[1714985345]

1714985345

[superresistant]

Are you saying that it can take 9 months to get your deposit active ?

Where did you read 9 months?

Well :

my deposit from 2012-11-22 went online.

Posted : Today at 02:19:57 AM

[pyramining]

Well :

my deposit from 2012-11-22 went online.

Posted : Today at 02:19:57 AM

It was a deposit made specifically for ASIC devices. They have been available only recently. For each of those "special" deposits there is a special treatment (an account with 50% of the deposit value, created as a referral, and financed by me) that will help depositors to breakeven faster and obtaining a better bonus. People who deposited specifically for ASIC technology were aware of a possible delay.

[pisces1999]

I don't no about this pyramining and mining but still want to invest some what is minimum limit and what is minimum time for payout can you explain because i am just newbie in this field and want to in this field as investor and want to do some practically in future      REGARDS

[pyramining]

I don't no about this pyramining and mining but still want to invest some what is minimum limit and what is minimum time for payout can you explain because i am just newbie in this field and want to in this field as investor and want to do some practically in future      REGARDS

If you read the FAQ you should find all the answers, anyway:

1) There is no minimum limit on deposits. However depositing less than 0.1 makes little sense. However everyone is free to deposit whatever they feel like.
2) The time for payout depends on several factors: a payout is generated every 0.1 BTC mined by your account. If you invest a big sum, you will receive payouts daily. If you invest less than 0.1 it will take a few months.
3) Currently the account will not be activated in realtime, I am installing a lot of infrastructure (you can see how long is the queue currently). However by the end of August the queue it should be empty. If you deposit now, chances are that your account will become active in ~ 3 weeks.
4) Complete payout time depends on many factors, the most important one is the bitcoin mining difficulty. However investing in pyramining should be less risky than buying your own devices because: a) in general it is cheaper (I say in general because in this period of ASIC transition, with all the producers that change prices daily, sometimes there may be better offers elsewhere) - b) as technology improoves, your borrowed hashing rate increases; at a little expense of smaller efficiency at the beginning, chances that you will profit investing in pyramining are higher than investing in your own equipment.

Keep in mind that despite all my efforts to keep things profitable and trying to manage everything at best, there are no warranties, so do not invest what you can't afford to lose.

There are third parties (like The Rock Trading) who offer a warranty on the deposits, links-pyramining and others who planned some initiatives, just read here in the thread or use google to find out.

[links-pyramining]

I don't no about this pyramining and mining but still want to invest some what is minimum limit and what is minimum time for payout can you explain because i am just newbie in this field and want to in this field as investor and want to do some practically in future      REGARDS

Here you can find more info and also an investment calculator.

[faiza1990]

I am reading and watching this for many days and now want to invest some in this and hope I have good result for daily payout can I invest 0.2btc

[jargoman]

I am reading and watching this for many days and now want to invest some in this and hope I have good result for daily payout can I invest 0.2btc

Yes you can invest 0.2, you need a referral link http://www.pyramining.com/referral/p3qzykdth It might take a really long time to get your money back though with rising difficulty. It's a gamble investment, maybe with the new asic hardware and some users reinvesting funds things might turn around

[platti]

@ pyramining

why are the rewards so small?

Account label:   24bkya8p
Eq. hashing power:   3.9GH/s

rewards under 0.004 BTC per day

with 3.9 GHs i can mine about 0.06 BTC a day, that is more than 10 times more

[faiza1990]

I am reading and watching this for many days and now want to invest some in this and hope I have good result for daily payout can I invest 0.2btc

Yes you can invest 0.2, you need a referral link http://www.pyramining.com/referral/p3qzykdth It might take a really long time to get your money back though with rising difficulty. It's a gamble investment, maybe with the new asic hardware and some users reinvesting funds things might turn around

why its taking too much time and if I do some better invest is there any hope of short investment or all its ok taking long time

[pyramining]

with 3.9 GHs i can mine about 0.06 BTC a day, that is more than 10 times more

Let me check if there's something wrong... however consider that in the past 2 / 3 days p2pool luck was not that high, while last week it was super lucky!

[dyingdreams]

http://www.pyramining.com/account/browse?id=8em49cdt

Will an account such as this ever see a payout?

[jargoman]

http://www.pyramining.com/account/browse?id=8em49cdt

Will an account such as this ever see a payout?

Rewarded amount:   0.07432509
Sent amount:   0.00000000

when rewarded amount hits 0.1 you will receive a payment

I am reading and watching this for many days and now want to invest some in this and hope I have good result for daily payout can I invest 0.2btc

Yes you can invest 0.2, you need a referral link http://www.pyramining.com/referral/p3qzykdth It might take a really long time to get your money back though with rising difficulty. It's a gamble investment, maybe with the new asic hardware and some users reinvesting funds things might turn around

why its taking too much time and if I do some better invest is there any hope of short investment or all its ok taking long time

long story short It's taking long because of competition with other asics. Pyramining has asics but also many investors who paid for older hardware that is slowing down over all hash power.

[pyramining]

long story short It's taking long because of competition with other asics. Pyramining has asics but also many investors who paid for older hardware that is slowing down over all hash power.

Remember that I am still installing new ASICs, and earnings will become faster when all the infrastructure will be complete.

During this week, new installations have been slowed down a bit because companies are closed (summer holidays) and I am not receiving new assembled boards. In this period I took the chance to optimize the installation process, so in the next two-three weeks I should be able to activate all the queued deposits. Let's wait for the queue to be depleted, and then we can discuss about the payout times etc...

[dyingdreams]

http://www.pyramining.com/account/browse?id=8em49cdt

Will an account such as this ever see a payout?

Rewarded amount:   0.07432509
Sent amount:   0.00000000

when rewarded amount hits 0.1 you will receive a payment

long story short It's taking long because of competition with other asics. Pyramining has asics but also many investors who paid for older hardware that is slowing down over all hash power.

That deposit was over a year ago, and at the rate at which it is currently receive rewards it will take almost another year to hit .1.

Remember that I am still installing new ASICs, and earnings will become faster when all the infrastructure will be complete.

During this week, new installations have been slowed down a bit because companies are closed (summer holidays) and I am not receiving new assembled boards. In this period I took the chance to optimize the installation process, so in the next two-three weeks I should be able to activate all the queued deposits. Let's wait for the queue to be depleted, and then we can discuss about the payout times etc...

Now I had assumed that the rewards would continue to gradually decrease for existing (old hardware) deposits, and that the addition of ASICs to the "pool" would only benefit those who had "pre-ordered" ASIC deposits. Are you saying that this is not entirely true?

[seot]

That deposit was over a year ago, and at the rate at which it is currently receive rewards it will take almost another year to hit .1.

Sorry dyingdreams, but I did lower deposits than that  http://www.pyramining.com/account/browse?id=hytdpe9f

And this was my first deposit, a year ago.

kefdp9zb   2012-09-23 07:11:01 UTC   0.01 BTC   28.6%

I moved my ... to find referrals so

 I have had my reward!!!

Sent rewards:   0.30150755 BTC  (I have deposited - Total deposited amount:   0.12078111 BTC)

I take a look to your account, you only have 1 referral, that has invested 1/2 you have. So, your bonus may be 11% or less.

If you try to have some more referrals, your time for seeing payout will probably decrease.
ASIC is benefit for all deposits, since  in 19/07 I was getting a 0.00001024 reward for that first  deposit and now I am getting 0.00002860 for the same deposit (per day)

[dyingdreams]

Sorry dyingdreams, but I did lower deposits than that  http://www.pyramining.com/account/browse?id=hytdpe9f

And this was my first deposit, a year ago.

kefdp9zb   2012-09-23 07:11:01 UTC   0.01 BTC   28.6%

I moved my ... to find referrals so

 I have had my reward!!!

Sent rewards:   0.30150755 BTC  (I have deposited - Total deposited amount:   0.12078111 BTC)

I take a look to your account, you only have 1 referral, that has invested 1/2 you have. So, your bonus may be 11% or less.

If you try to have some more referrals, your time for seeing payout will probably decrease.
ASIC is benefit for all deposits, since  in 19/07 I was getting a 0.00001024 reward for that first  deposit and now I am getting 0.00002860 for the same deposit (per day)

Thanks for the info, this is exactly what I was trying to find out.

[Akka]

I think some people are actively depositing only multiple 0.1 BTC amounts to dodge the wait time.

I looked up the number of active deposits the resent days (missed a few though):

07.08.2013 11041
08.08.2013 11094
09.08.2013 11102
11.08.2013 11124
12.08.2013 11137
13.08.2013 11161
14.08.2013 11179
16.08.2013 11208

Will it's generally OK to activate small deposits, is there no way to discourage people from trying to avoid the wait time?

This is frustrating for "honest" depositors that are still waiting.


This account for example is at 0 percent, so it has been activated recently. It has no promotion deposit beneath it, yet it's bigger than 40 BTC. http://www.pyramining.com/account/browse?id=8qc49mkd Only possible way it can be active would be IMO 100th of very small deposits or an error.

[pyramining]

I think some people are actively depositing only multiple 0.1 BTC amounts to dodge the wait time.
[...]
Will it's generally OK to activate small deposits, is there no way to discourage people from trying to avoid the wait time?
This is frustrating for "honest" depositors that are still waiting.

I see very few deposits per day (less than 10) with amounts of 0.1 or lower, however should this quantity increase, I will not activate them anymore.

Besides there are two positive notes for "honest" and patient people: 1) older deposits gets a 50% deposit as referral, newer deposit not. 2) There are good chances that in a couple of weeks the queue will be empty.

[platti]

i have some 0.1 btc payin, they come automatically from payouts , where the payout-adress is the payin-adress from another account