rdyoung
Legendary
 Offline
Activity: 994
Merit: 1000
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January 13, 2014, 02:42:34 AM |
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I'm new to pyramining and I'm wondering what they meant with a complete account / revenue...
Can anyone answer me what that means?
Also wondering why my payment still is in queue (has been for a week =/ )
Thanks ^^
AFAIK all current deposits are being saved for new 28nm infrastructure. Which is planned to start coming online later this month IIRC. Hmmmm so when they come online will all queues be cleared or is there not enough? The amount of hardware he brings online in each batch will determine the # of deposits activated. As for not having enough hardware? Based on the how much he said he could purchase with personal funds of the current hardware and the magnitudes of power and efficiency of the new hardware I estimate he could purchase about 100ths with his own funds. We have 4.6ths of queued deposits, I would say he will get that queue cleared in no time as soon as he starts installing new hashing power. |
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BawsyBoss
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January 13, 2014, 09:17:59 PM |
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What is the default bonus? I couldn't find it anywhere in the site.
Edit: I believe it is 10%, but I am not completely sure. Can someone confirm?
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Forever strong.
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matthewh3
Legendary
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Activity: 1372
Merit: 1003
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January 13, 2014, 09:32:45 PM |
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What is the default bonus? I couldn't find it anywhere in the site.
Edit: I believe it is 10%, but I am not completely sure. Can someone confirm?
AFAIK the default bonus was and still is 10% IIRC. |
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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January 15, 2014, 04:19:34 AM |
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What is the default bonus? I couldn't find it anywhere in the site.
Edit: I believe it is 10%, but I am not completely sure. Can someone confirm?
Its 10%. Its posted here... http://pyramining.com/faq#howdoesitworkFirst line... |
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yuliusts
Newbie
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Activity: 19
Merit: 0
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January 15, 2014, 06:07:54 AM |
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AFAIK all current deposits are being saved for new 28nm infrastructure. Which is planned to start coming online later this month IIRC.
so, when he done install it, that mean all queue up deposit will be active, right? my question is, after that time, if i deposit again is my deposit will be active immediately or must wait some weeks again, waiting he buy new hardware again? |
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ricciolone
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January 15, 2014, 07:12:39 AM |
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I have some notice, really reliable, about cointerra! they'll start to send miner 22nm in the next 10 days!! So we are every time late...
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rigel
Legendary
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Activity: 1240
Merit: 1001
Thank God I'm an atheist
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January 15, 2014, 08:00:14 AM |
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AFAIK all current deposits are being saved for new 28nm infrastructure. Which is planned to start coming online later this month IIRC.
so, when he done install it, that mean all queue up deposit will be active, right? my question is, after that time, if i deposit again is my deposit will be active immediately or must wait some weeks again, waiting he buy new hardware again? When queue will be emptied new activations will require very little time. |
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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January 15, 2014, 05:54:48 PM |
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AFAIK all current deposits are being saved for new 28nm infrastructure. Which is planned to start coming online later this month IIRC.
so, when he done install it, that mean all queue up deposit will be active, right? my question is, after that time, if i deposit again is my deposit will be active immediately or must wait some weeks again, waiting he buy new hardware again? Last time he brought on approximately twice the amount of power than was queued up, so after that hardware was deployed he could keep activating deposits when he got to them. He is investing his own funds in this new hardware as well, so its likely the same thing will happen, he will be able to activate deposits as they come in rather than waiting for new hardware. I am also hopeful that this time he will have new hardware coming in at regular intervals so we can keep growing. |
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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January 15, 2014, 05:59:14 PM |
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I have some notice, really reliable, about cointerra! they'll start to send miner 22nm in the next 10 days!! So we are every time late...
They are working on 28nm not 22nm and pyramining didn't contract with them. He wouldn't say who he cut a deal with so its likely a smaller lesser known player. And cointerra haven't announced any shipping info. According to the thread here on bitcointalk they have contacted customers about the extra hashing power they will shipping because of the delay, but they havent contacted anyone about shipping. |
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Lincoln6Echo
Legendary
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Activity: 2459
Merit: 1057
Don't use bitcoin.de if you care about privacy!
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January 15, 2014, 07:06:43 PM |
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sooo how about an update pyra?
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refaelsh
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January 16, 2014, 11:05:08 AM |
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True, why should i invest tons of Money to get only 10% out , after a period of maybe years ? It´s just made to make pyramining funders rich... better invest in a community mining Project here.
You forgot the link to "community mining Project". |
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rdyoung
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Activity: 994
Merit: 1000
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January 16, 2014, 02:16:24 PM |
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True, why should i invest tons of Money to get only 10% out , after a period of maybe years ? It´s just made to make pyramining funders rich... better invest in a community mining Project here.
You forgot the link to "community mining Project". Why are you bumping such vitriol? Everyone mining is in the same boat with the insane difficulty increases. The only way anyone could have kept up and continue keeping up would be to reinvest more than they are making from mining in new hardware. That isn't normal business practice. You can only throw so much money down the hole before you step back and reevaluate. Thats what pyra did, instead of buying more of the hardware he is currently running he chose to reach out to asic producers and cut a deal on the current best tech, rather than spend it on hardware that is being pushed out by the increases in difficulty. To give people an idea of the changes in difficulty, when he first brought the current hardware online it was producing 35btc/day, now its producing 1.349btc/day. As I have posted before, the higher the difficulty and the larger the network gets, the growth will slowdown its a mathematical certainty. I can't say when, perhaps when we hit 25 or 50phs. Yes, I do have something to gain from pyramining being successful I have a decent amount of bitcoins on deposit with him. |
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Tittiez
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January 21, 2014, 09:01:25 PM |
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Any updates for us, pyramining? We're getting into late January and you haven't said anything since last month.
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superresistant
Legendary
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Activity: 2128
Merit: 1120
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January 23, 2014, 03:24:31 PM |
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What is the next hardware delivery of pyramining ?
What company, how many GH/H, for how much BTC and when ?
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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January 23, 2014, 06:46:42 PM |
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What is the next hardware delivery of pyramining ?
What company, how many GH/H, for how much BTC and when ?
Last estimate he gave was first half of january I believe. We are indeed past that. He wouldn't tell us what company he cut a deal with, something about an nda. As for total amount of hashing power brought on, we can only guesstimate. |
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platti
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January 24, 2014, 02:40:18 AM |
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no rewards since 2014-01-13 05:32:35 UTC ? whats going wrong?
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mindfulmojo
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January 24, 2014, 05:53:18 AM |
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no rewards since 2014-01-13 05:32:35 UTC ? whats going wrong?
Maybe he is installing the new hardware? We need an announcement...  |
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inaltoasinistra
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January 24, 2014, 10:09:24 AM |
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no rewards since 2014-01-13 05:32:35 UTC ? whats going wrong?
The network power is greather than 12Ph/s since 13 January (12,810,076 GH/s), so he switched off Pyramining (it's no more profitable) :O Only a very quick installation of new hardware can save our coins :O |
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Giant
Member
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Activity: 95
Merit: 10
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January 24, 2014, 12:04:44 PM |
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Only a very quick installation of new hardware can save our coins :O
That is continuously the situation. Good thing the new hardware should be here soon. |
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superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
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January 24, 2014, 07:24:55 PM |
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What is the next hardware delivery of pyramining ?
What company, how many GH/H, for how much BTC and when ?
Last estimate he gave was first half of january I believe. We are indeed past that. He wouldn't tell us what company he cut a deal with, something about an nda. As for total amount of hashing power brought on, we can only guesstimate. Really ? So maybe Pyramining ordered from HashFast and all your money is lost ? I sincerely hope not. We'll see. |
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