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

[marcovaldo]

Is it legit?
If yes: why the miner are renting their hashpower for a 100%-lower rate that they are mining?


Seems stupid to me

[platti]

Pool Hashrate: 13448.9 GH/sEstimated Time to Block: 9h59mCurrent Round: 2d18h9m

still no block found

three days burning electricy for nothing

[JayCoin]

2day 20hr block then 11 minute block. Don't you love variance!

[bradyon]

2day 20hr block then 11 minute block. Don't you love variance!

 

[jargoman]

If we invest more btc, will the hashrate go up?

This is the whole point. The best thing that could happen is so many people invest that the high hashrate starts to complete old accounts which increases average hashpower which completes accounts even faster. and so on in a spiral. Here's one at 99% http://pyramining.com/account/browse?id=afphn3gb

[pyramining]

Pool Hashrate: 13448.9 GH/sEstimated Time to Block: 9h59mCurrent Round: 2d18h9m

still no block found

three days burning electricy for nothing

It's not electricity burned, it is exactly how mining works. There is nothing to be happy or angry about. We know that p2pool works, you can look at its share-chain: every miner is doing its job and there are no orphan blocks, so there's nothing to fear or worry about. Live with it!

[platti]

no orphaned blocks?

block 257929 -> orphaned
block 256095 -> orphaned
block 249433 -> orphaned

[pyramining]

no orphaned blocks?

block 257929 -> orphaned
block 256095 -> orphaned
block 249433 -> orphaned

It can happen that blocks are orphaned because they are found a few seconds apart, containing the same transactions. The one that gets distributed more quickly wins, the other becomes an orphan. This is normal. If P2Pool was broken, ALL blocks would become orphans because no nodes would validate/accept them.

[Krak]

no orphaned blocks?

block 257929 -> orphaned
block 256095 -> orphaned
block 249433 -> orphaned

It can happen that blocks are orphaned because they are found a few seconds apart, containing the same transactions. The one that gets distributed more quickly wins, the other becomes an orphan. This is normal. If P2Pool was broken, ALL blocks would become orphans because no nodes would validate/accept them.

And as it stands right now, the amount of orphans found by p2pool is within the normal amount found by all pools.

[lenny_]

website is down, what's going on? 

[Nono242]

It is working for me. Queue size of 300H/s lol

[miffman]

in 2 months my deposit is at 1.4% 

can I just withdraw? :/

[biddicoin]

in 2 months my deposit is at 1.4% 

can I just withdraw? :/

Pyramining was too late with ASICs... lets all hope that we get our BTC back some day

[reipay]

in 2 months my deposit is at 1.4% 

can I just withdraw? :/

Pyramining was too late with ASICs... lets all hope that we get our BTC back some day

I actually am starting to have my money back. I invested about a year ago, now I have back 25% of my return. This does need just patience. Also, if I could, I'd start designing graphene ASICS.

[ingrownpocket]

Rewards went skyrocket on the last couple of weeks, I'm getting my investment back a lot faster now

[reipay]

It would be very neat for pyramining to start a p2pool proxy available for pyramining users that allows us to set our little miners to autamatically deposit on pyramining with the most reduced fees. I'm not sure about pyramining deposits' most inner workings, so I do not know if it would be good to pyramining or not.

[junshong]

Could be better if pyramining can allow us to set the miners pointed to the specified pools, boosting the hashrate and block found and helping the users in the pool. I would recommend bitminter as they currently have a small amount of block found.
Addon: making it available with people with more than 100gh/s would be nice.

[bradyon]

awesome!  Payments are dripping to my accounts quite fast. I hope our Break even frame does not lengthen too much.

[rigel]

Hey pyramining,
I think you should really improve the FAQ on your site!

In particular I find this sentence misleading:

30% of your income will be sent upwards: 15% of your income will be sent to your sponsor. 7.5% to the 2nd grade sponsor and 7.5% to the 3rd grade sponsor.

You do not specify this operation happens RECURSIVELY so:
First level sponsor gets only 70% of his 15% revenue = 10.5%
Second level sponsor gets 70% of his 7.5% revenue plus first level revenue on first level revenue = 70% x (7.5% + 15% x 15%) = 70% x 9.75% = 6.825%
Third level sponsor get more than second level one: 70% x (7.5% + 15% x 9.75% + 7.5% x 15%) = 70% x 10.0875% = 7.06125%
Fourth level sponsor gets 70% x (15% x 10.0875% + 7.5% x 9.75% + 7.5% x 15%) = 2.3585625%
And so on...

You should also specify what you mean by "Current infrastructure" and "New infrastructure" so people stop asking the same questions again and again

[pyramining]

It would be very neat for pyramining to start a p2pool proxy available for pyramining users that allows us to set our little miners to autamatically deposit on pyramining with the most reduced fees. I'm not sure about pyramining deposits' most inner workings, so I do not know if it would be good to pyramining or not.

I am working on this, however mining to a remote p2pool may not be the best solution, the network latency could reduce a bit the mining efficiency, it would be better to set up local p2pool nodes for everyone who wants to mine on p2pool (which is a good thing, in general), and if you want to invest your mined bitcoins in pyramining you can just use set a deposit address as the p2pool payout address.