Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 10. (Read 318060 times)

After the new miners will be operative, I will consider to reopen account creation and referrals. In the meantime I keep monitoring the growth of the global hashrate.

and the plans for our referral links? what is the plan on starting new accounts again.

=squeak=

Small update:
New miners are almost ready, I'm working on the prototype and I'm ready to assemble the new units in 10 - 20 days.
Meanwhile someone contacted me on Bitmessage, proposing to advertise/bootstrap his service and receive in change 10% of their revenues (I would distribute this income exactly like if it has been mined), it may be an help to speed things up. I am evaluating if it's reliable and whether it's the case or not to accept his proposal since he is anonymous...

hi
maybe someone will explain when I could cross the investment?
Label    Date    Deposited amount    Hashing power    Completion
4tgs3x8z    2013-07-28 10:53:53 UTC    0.1 BTC    34.5 MH/s    2.9%

My bad, hard to read intention in text sometimes.

I am not complaining.
My point is that completion percent is not a good indication of success.
To illustrate my point I posted my account stats so that they can be compared to lemat111 account stats.
I joined this forum July 24, 2013 @ 08:28:14 PM. If I was actively trying to raise my post count for the sake of it, then it would be a lot higher than 17 by now.

Why are you complaining? You deposited .06btc and have received .26, 4.25X your initial investment.
Did you have a point? Other than building your post count?

Joined:   2012-12-10 22:41:51 UTC
Status:   Active
Total deposited amount:   0.06000000
Rewarded amount:   0.27131855
Sent amount:   0.26130656
Completion:   9%

Completion percent is not a good indication of success.
To be successful you need to invest at the right time.
If you go in blind and rely on luck, well YMMV.

True... good point, and I stand corrected.

=squeak=

NO, you have to account for the cost to run the machines. They don't run on wishes and rainbows.

Since the payouts are in BTC, the fact BTC took a nosedive is only relevant to how much hashpower each unit of BTC can purchase, at the time the deposit is activated.

All that matters for the BTC payouts is difficulty.

=squeak=

Have you accounted for our dropped % of those blocks? BTC also took a nosedive in the past couple of days.

why are the rewards only 1/10 than the rewards last week?
p2pool.info found 10 blocks in the last 7 days, and 15 in the 7 days before. so why only 1/10 of the rewards ?

Joined:   2013-05-24 06:14:36 UTC
Status:   active
Total deposited amount:   0.12790878
Rewarded amount:   0.00432201
Sent amount:   0.00000000
Completion:   3%
Total allocated hashing power:   123.7 MH/s


Only 3% for 1 year . Lost faith in Pyra .

Investing in this kind of bonds is always a bet that difficulty and price of bitcoin won't rise too fast for you to recover your initial investment. At this point the network has grown at an astonishing pace and will probably continue to do so for at least some time. There will be a time when the best bet could be waiting until mining hardware reaches a plateau and what matters is not really the hashing power but the efficiency of said hardware, but we are not really there yet so there's still some hope to recover another bit of your money in the meantime. Mining is a game of being always aware of what comes next and playing quickly.

I said this before: a small add on the login page would allow to recover the money faster, since I've invested only 0.11 BTC.

At this time I'm not interested in mining, I only want to recover my money, and I thing that some small advertisments could be more useful than the small allocated hasing power that I have.

I had one referral, and they completed their money.
http://www.pyramining.com/account/browse?id=hgzc2p8r

any ETA for the upgrade?

So basically, pyramining is doing exactly as you propose, and you're just telling naysayers to be quiet.

Works for me.

Pyramining isn't slowing it down... difficulty is going up... and 1 BTC worth of hashpower then, is much less than 1 BTC worth of hashpower now... MH/s instead of GH/s...

So say I deposited 1 BTC back then... and the exchange rate was 50 USD per 1 BTC... you basically have loaned for 50 USD worth of hashpower to pay you back.

Today, that would be ~600 USD worth of hashpower, but if your 1 BTC from then still hasn't completed, you're still getting the hashpower at the time you deposited the 50 USD worth.

The USD value is important, as that is what determines your share of the hashpower, more or less.

With the ASICs that changed the costs some... cheaper hashpower, but takes much more hashpower to earn much less bitcoin in the same period of time, but the exchange rate is so much higher too.

Many variables to juggle while figuring out the right way to make the comparisons.

So... "is pyramining slowing down older deposits in favor of newer ones?"... I'd have to say no, they're not... they're still getting the hashpower they earned at the time they made their deposit (not counting the very oldest 10 deposits)... the difficulty rise is slowing the payouts, but that is no different than what any miner would experience.

I do know that Pyramining lately wasn't activating people's deposits until the hashpower was installed, based on some comments they had made a while ago in this thread, but I may not be entirely accurate on that point. I haven't gone back through the thread to see what exactly was said.

Those older deposits are under different rules too, since Pyramining has made some changes that the newer deposits now fall under.

=squeak=

There are those here that agree.  The question is (without telling me to go read 45 pages of arguing), is pyramining slowing down older deposits in favor of newer ones?  I thought it was the hashpower you bought at the time you bought it, as long as hashpower was online.  If pyramining gets too many investors for hashpower on hand, halt deposits until more hashpower can be purchased.  Seems pretty straightfoward...