arklan
Legendary
 Offline
Activity: 1778
Merit: 1008
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May 17, 2012, 07:47:20 PM
Last edit: May 17, 2012, 08:02:27 PM by arklan |
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so, just to make sure i understand this: we send you some btc, you do the mining, and in something around ten months or so, pay us back, with a 5% (or 10% with referrals) reward added on, correct?
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i don't post much, but this space for rent.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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pyramining (OP)
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May 17, 2012, 08:02:26 PM |
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so, just to make sure i understand this: we send you some btc, you do the mining, and in something around ten months or so, pay us back, with a 5% (or 10% with referrals) reward added on, correct?
Yes correct. I add a few details: - 10 months is an estimate, it could vary depending on how much difficulty will increase, however hashing power costs will be cheaper and cheaper and this should balance fairly enough. If you will have active referrals, revenues will add up faster.
- if you invite referrals, they deposited amounts will increase your 10% bonus. Example: you deposit 10, one of your referral deposits 10, and other two 5, your total bonus will be 30%.
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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May 17, 2012, 09:08:16 PM |
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If he tries hard enough he can even get a 4000% bonus on a 10BTC deposit  |
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pyramining (OP)
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May 18, 2012, 07:52:22 AM |
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Both P2Pool instances used by pyramining are updated daily through git repository.
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Serenata
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May 18, 2012, 10:45:02 AM |
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Nice job  |
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pyramining (OP)
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May 18, 2012, 06:15:48 PM |
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Today I added 10GH/s to the infrastructure!
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finkleshnorts
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May 18, 2012, 10:09:10 PM |
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If he tries hard enough he can even get a 4000% bonus on a 10BTC deposit When I saw that 2000 btc deposit on your account I got kinda pissed, until I reminded myself that I really can't complain with what im making. I am very impressed with pyramining. |
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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May 18, 2012, 10:19:26 PM |
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If he tries hard enough he can even get a 4000% bonus on a 10BTC deposit When I saw that 2000 btc deposit on your account I got kinda pissed, until I reminded myself that I really can't complain with what im making. I am very impressed with pyramining. Which one of the 2000BTC deposits left you kinda pissed?  BTW, those were pure luck. I don't know who are those 2 persons who deposited 2000 BTC each, hell, I don't even know if it's the same person or 2 different persons. lol A big thank you to them/him/her. Really nice bonus they/he/she gave me. Good karma. |
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eliale
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May 19, 2012, 04:26:09 AM |
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finkleshnorts
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May 19, 2012, 06:16:37 AM |
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If he tries hard enough he can even get a 4000% bonus on a 10BTC deposit When I saw that 2000 btc deposit on your account I got kinda pissed, until I reminded myself that I really can't complain with what im making. I am very impressed with pyramining. Which one of the 2000BTC deposits left you kinda pissed? BTW, those were pure luck. I don't know who are those 2 persons who deposited 2000 BTC each, hell, I don't even know if it's the same person or 2 different persons. lol A big thank you to them/him/her. Really nice bonus they/he/she gave me. Good karma. The second one, the one that i saw this morning after a 48 hr referral drought. Just when I was starting to think that the feeding frenzy was ending. Damn, what I would pay to have 20000 dollars under me. I look back and wish I would have had the initiative to make a thread for it like you did early on. Oh well. Good work. At least I'm making over a billion percent on an undisclosed number of bitcoins. |
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Awalt541
Sr. Member
Offline
Activity: 438
Merit: 256
Redot.com - Trade Like a Pro, Earn 70% of Referral
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May 20, 2012, 10:01:02 PM |
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pyramining (OP)
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May 21, 2012, 12:27:18 AM |
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Pyramining is not anymore in beta-testing. It can be considered stable. Now it has a new look, I hope everyone will like it.
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finkleshnorts
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May 21, 2012, 03:36:09 AM |
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*To celebrate the end of beta testing, I am offering a bonus on a first come, first serve basis!* My friends always poke fun at me about my bitcoin obsession, but now that I am quadrupling real money with pyramining, they are starting to take bitcoin seriously. Psy himself is turning 50 dollars into 2000 dollars, as he has stated in this forum. The money-making potential with pyramining is just obscene. Eliale, or however you spell his name, is insuring all deposits made on his referrals, and he claims to have actually visited Pyramining's physical location. I personally believe fully in this system too. And as such, i am offering to send 1 BTC (and no more) to the pyramining account's payout address if 50 btc or more are deposited in the referral below. On a deposit of 50 btc, that is an extra two percent, instantly payable... totalling 12 PERCENT WITH THIS REFERRAL on a deposit of 50 btc. http://pyramining.com/referral/e2atc9hzsPlease PM me to take advantage of this exclusive offer. |
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kimmeriets
Legendary
Offline
Activity: 1064
Merit: 1000
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May 21, 2012, 04:49:41 AM |
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I noticed that with the change in the exchange rate has changed allocated capacity. is this true?
Whether in the near future, the possibility of buying power in other currencies such as Liberty Reserve, with conversion into bitcoin at the rate of exchange is on your side?
More power purchased by you for bitcoin or other currencies?
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pyramining (OP)
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May 21, 2012, 07:14:42 AM |
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I noticed that with the change in the exchange rate has changed allocated capacity. is this true?
Whether in the near future, the possibility of buying power in other currencies such as Liberty Reserve, with conversion into bitcoin at the rate of exchange is on your side?
More power purchased by you for bitcoin or other currencies?
Yes, the allocated capacity is real, you can compare your rewards with the expected income based on your "equivalent hashing power" using any online mining calculator. Notice that it can be slightly less than expected due to P2Pool: there is some variance and the last two weeks were quite unlucky (stats are online). Actually there is no way to utilize other currencies, but I think it wouldn't be difficult to use an exchange to get your bitcoins. |
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kimmeriets
Legendary
Offline
Activity: 1064
Merit: 1000
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May 21, 2012, 07:48:30 AM |
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....but I think it wouldn't be difficult to use an exchange to get your bitcoins.
This is understandable, just trying to find a more rational decision, not to lose on fee, and the time |
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pyramining (OP)
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May 21, 2012, 08:04:15 AM |
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This is understandable, just trying to find a more rational decision, not to lose on fee, and the time
Unfortunately we are not an exchange and we aren't structured to manage this. It would also make things much more complex to manage. What if someone sends in any currency, and at that time it gets converted by us with a sub-optimal conversion ratio? Exchange fees are reasonably low, compared to the default earnings you can get on pyramining, so it shouldn't be an obstacle. |
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pyramining (OP)
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May 21, 2012, 08:08:25 AM |
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I applied a filter on the statistics table: only accounts with at least 0.1BTC will appear there.
While it's funny to see very large bonus percentages on tiny amounts, it could seem unrealistic to new members who don't know about pyramining well enough to figure this out. I hope you all find this reasonable, expecially the guy who deposited 1 satoshi and reached an 8 numbers reward bonus % on it. :-)
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