I am a newbie so expect ignorance here... wouldn't be more profitable to hold bitcoin and expect a price increase?
Isn't pyraminig just a liable to have it's wallet hacked?
Deadweasel. Im quite new too, but I do believe Pyramining is a well planed entrepreneurship. Perhaps there may be a risk, but, your deposits are used very quickly to purchase more infraestructure and technology, so, I think, is less risky than using an on line wallet.
This is the oficial thread è https://bitcointalk.org/index.php?topic=80845.0
Many of your questions may be answered there.
You can follow a referral link too(mine?
(joke)), before joining, to access the F.A.Q
Now you can also deposit for ASIC, though those deposits will be not generating rewards, until the equipment is working. Take a look at the oficial thread.