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

[artbatista]

27 Nov 2013: Payout threshold lowered to 0.01 BTC. 

Yep, saw that. No payments have shown up here, yet.

Art

[superresistant]

How is Pyramining ? Still alive ? Any plans for the future ?

[rdyoung]

How is Pyramining ? Still alive ? Any plans for the future ?

He posted in here a couple of days of ago.
The new hardware "should" be available middle of January.
He also lowered the min payout to 0.01XBT

[rdyoung]

27 Nov 2013: Payout threshold lowered to 0.01 BTC. 

Yep, saw that. No payments have shown up here, yet.

Art

Got mine late yesterday.

[superresistant]

In the last few days I had several meetings and I am currently finalizing a partnership with a 28nm ASIC chip producer (NDA, so I can't reveal much). It will bring us opportunity to add more than 30GH/s per BTC before then end of January.

30GH/S at current difficulty would give less than 0.12 BTC in 6 months (considering a very low increase in difficulty of 40% per month) if you start mining right now.

[rdyoung]

In the last few days I had several meetings and I am currently finalizing a partnership with a 28nm ASIC chip producer (NDA, so I can't reveal much). It will bring us opportunity to add more than 30GH/s per BTC before then end of January.

30GH/S at current difficulty would give less than 0.12 BTC in 6 months (considering a very low increase in difficulty of 40% per month) if you start mining right now.

First off. The last 2 increases have totaled 45%, This increase is going to be 15%ish so it looks like the increase might be beginning to level off at least temporarily.

30ghs with an average increase of 15% yields 1.71XBT in 6 months. Even 40% nets .88XBT in 6 months. Not sure how or where your doing these projections, but they are way off.
http://goo.gl/dw5UrE <Really nice spreadsheet I found to calculate earnings.
Your "very low" estimate is only a few % points off from our largest increase of 46%. You can't use extremes either high or low when projecting long term.

Second, Pyramining is significantly different than mining at home.
All deposits get to share in the spoils of new/better/faster hardware.
He said 30ghs/XBT on nov 1st, but since then XBT has quadrupled. We will all benefit as XBT rises and costs per GHS drop.

XBT=BTC I am going to support the push to get XBT recognized with a currency designation by using XBT in place of BTC as often as I remember to. Its gonna be a hard habit to break :-)

[thebitboy]

Today I started getting my deposits < 0.1

[artbatista]

27 Nov 2013: Payout threshold lowered to 0.01 BTC. 

Yep, saw that. No payments have shown up here, yet.

Art

Got mine late yesterday.

Yeah!

Got nearly 1/2 BTC in payments last night.

Art

[thebitboy]

What is the difference between the "Current bonus" and the "Average bonus"?

[rdyoung]

What is the difference between the "Current bonus" and the "Average bonus"?

Your "bonus" is determined by the amount of xbt deposited by your referrals divided by your deposits. If either you or your refs deposit more this % will change, but it always equals 10% of the combined funds.
The current bonus is exactly that while the average is the average of the change in this #.

I know its not as eloquent a description as it could be, but I think it sums it up

[CrackedLogic]

How many MH/s would I get if i deposited 0.005btc?


Any help?

[BaalMcKloud]

How many MH/s would I get if i deposited 0.005btc?


Any help?

Next GH/s cost:   0.02 BTC .... 

btw....

In the last few days I had several meetings and I am currently finalizing a partnership with a 28nm ASIC chip producer (NDA, so I can't reveal much). It will bring us opportunity to add more than 30GH/s per BTC before then end of January. When the agreement will be finalized, all deposits will be kept in queue until the new infrastructure will be deployed.

[thebitboy]

What is the difference between the "Current bonus" and the "Average bonus"?

Your "bonus" is determined by the amount of xbt deposited by your referrals divided by your deposits. If either you or your refs deposit more this % will change, but it always equals 10% of the combined funds.
The current bonus is exactly that while the average is the average of the change in this #.

I know its not as eloquent a description as it could be, but I think it sums it up

And why should we care about the "Average bonus". It seems to me that the only important metric is the "Current bonus", right?

[rdyoung]

What is the difference between the "Current bonus" and the "Average bonus"?

Your "bonus" is determined by the amount of xbt deposited by your referrals divided by your deposits. If either you or your refs deposit more this % will change, but it always equals 10% of the combined funds.
The current bonus is exactly that while the average is the average of the change in this #.

I know its not as eloquent a description as it could be, but I think it sums it up

And why should we care about the "Average bonus". It seems to me that the only important metric is the "Current bonus", right?

AGREED... However I was answering a question.
He could get rid of that stat.

[thebitboy]

What is the difference between the "Current bonus" and the "Average bonus"?

Your "bonus" is determined by the amount of xbt deposited by your referrals divided by your deposits. If either you or your refs deposit more this % will change, but it always equals 10% of the combined funds.
The current bonus is exactly that while the average is the average of the change in this #.

I know its not as eloquent a description as it could be, but I think it sums it up

And why should we care about the "Average bonus". It seems to me that the only important metric is the "Current bonus", right?

AGREED... However I was answering a question.
He could get rid of that stat.

Ok, thanks!

[DeathPenguin]

Is there a way to get my Btc back that I deposited? I want to take back my .02~ because it will never make anything

[rdyoung]

Is there a way to get my Btc back that I deposited? I want to take back my .02~ because it will never make anything

NO, can you not read the thread? This question is asked a lot. This thread is for announcements and other important things not asking for your money back.

Why the attitude?
The thread is now 107 pages long, its not easy to find the answer your looking for in that many posts.

[rdyoung]

Is there a way to get my Btc back that I deposited? I want to take back my .02~ because it will never make anything

No, he auto converts all deposits into fiat to purchase hardware.
You will get your deposit back with interest when he brings on the new hardware he has planned.

[gweedo]

Is there a way to get my Btc back that I deposited? I want to take back my .02~ because it will never make anything

NO, can you not read the thread? This question is asked a lot. This thread is for announcements and other important things not asking for your money back.

Why the attitude?
The thread is now 107 pages long, its not easy to find the answer your looking for in that many posts.

It is called google search, very easy, and it is also on the pyramining website, no need to be asked here, now troll buzz away.

[rdyoung]

Is there a way to get my Btc back that I deposited? I want to take back my .02~ because it will never make anything

NO, can you not read the thread? This question is asked a lot. This thread is for announcements and other important things not asking for your money back.

Why the attitude?
The thread is now 107 pages long, its not easy to find the answer your looking for in that many posts.

It is called google search, very easy, and it is also on the pyramining website, no need to be asked here, now troll buzz away.

Me a troll??
Wow, what English did you learn in school? Your definitions are all confused and backwards...