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Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 102. (Read 318060 times)

legendary
Activity: 1232
Merit: 1001
ASIC update: first units will be deployed during mid April, software will need some refinement, probably a couple of weeks, and then mass deployment will be done.

Great news!  Any plans to halt new fpga purchases and use all new funds for asics since we are only a month out?

Yes, that would not be such a bad idea. I still see active accounts increasing on a daily basis.

Probably most new people joining don't get the point that they also could invest in ASICs so maybe it could be time to thread all deposits as ASIC deposits.


Another point:

Pyraming, if you plan to go solo, what will be your policy on transaction space?

As you might have seen we have hit the 250kb softlimit.

Would you stick with it? Increase it?

How much space would you allow for free transactions?

Example: 500kb max. 200kb free high priority transactions rest paid transactions.

Also if you really want to go solo, keep in mind that a fast connection is required and Bitcoind should have as much connections as possible. Otherwise you will probably end up producing a lot of orphan blocks.
hero member
Activity: 490
Merit: 500
ASIC update: first units will be deployed during mid April, software will need some refinement, probably a couple of weeks, and then mass deployment will be done.

Great news!  Any plans to halt new fpga purchases and use all new funds for asics since we are only a month out?
hero member
Activity: 501
Merit: 500
ASIC update: first units will be deployed during mid April, software will need some refinement, probably a couple of weeks, and then mass deployment will be done.
hero member
Activity: 501
Merit: 500
I think pyraming uses abcpool for its mining, and that pool is a proxy pool which at minimum uses oz coin, not sure which others... due to this you have to ensure that the upstream pools ook at these options not pyramining.

Correct. Most of the hashing power goes to ABCPool right now. Things will be different when ASICs will be set up, we will go solo-mining then.
hero member
Activity: 501
Merit: 500
I've read through some of the past posts and I'm confused, can payout addresses be changed? I read something about sending a signed message, how would I go about doing that?

It is not possible to change the payout address of an account, this is a protection against thefts. However, try to write a private message explaining your reasons and we will find out what can we do.
hero member
Activity: 490
Merit: 500
By default Bitcoin will not created blocks larger than 250kb even though it could do so without a hard fork. We have now reached this limit. Transactions are stacking up in the memory pool and not getting cleared fast enough.

What this means is, you need to take a decision and do one of these things:

  • Start your node with the -blockmaxsize flag set to something higher than 250kb, for example -blockmaxsize=1023000. This will mean you create larger blocks that confirm more transactions. You can also adjust the size of the area in your blocks that is reserved for free transactions with the -blockprioritysize flag.
  • Change your nodes code to de-prioritize or ignore transactions you don't care about, for example, Luke-Jr excludes SatoshiDice transactions which makes way for other users.
  • Do nothing.

If everyone does nothing, then people will start having to attach higher and higher fees to get into blocks until Bitcoin fees end up being uncompetitive with competing services like PayPal.

If you mine on a pool, ask your pool operator what their policy will be on this, and if you don't like it, switch to a different pool.


I´ve just seen this thread:  Re: Soft block size limit reached, action required by YOU

I´m not an expert but looks like spam transactions are getting a problem to the bitcoin sustainability and usefulness.

Will pyramining make some mining settings to help avoiding this problem?

I think pyraming uses abcpool for its mining, and that pool is a proxy pool which at minimum uses oz coin, not sure which others... due to this you have to ensure that the upstream pools ook at these options not pyramining.
member
Activity: 68
Merit: 10
I've read through some of the past posts and I'm confused, can payout addresses be changed? I read something about sending a signed message, how would I go about doing that?
full member
Activity: 172
Merit: 100
TradeFortress has to pay his debitors
By default Bitcoin will not created blocks larger than 250kb even though it could do so without a hard fork. We have now reached this limit. Transactions are stacking up in the memory pool and not getting cleared fast enough.

What this means is, you need to take a decision and do one of these things:

  • Start your node with the -blockmaxsize flag set to something higher than 250kb, for example -blockmaxsize=1023000. This will mean you create larger blocks that confirm more transactions. You can also adjust the size of the area in your blocks that is reserved for free transactions with the -blockprioritysize flag.
  • Change your nodes code to de-prioritize or ignore transactions you don't care about, for example, Luke-Jr excludes SatoshiDice transactions which makes way for other users.
  • Do nothing.

If everyone does nothing, then people will start having to attach higher and higher fees to get into blocks until Bitcoin fees end up being uncompetitive with competing services like PayPal.

If you mine on a pool, ask your pool operator what their policy will be on this, and if you don't like it, switch to a different pool.


I´ve just seen this thread:  Re: Soft block size limit reached, action required by YOU

I´m not an expert but looks like spam transactions are getting a problem to the bitcoin sustainability and usefulness.

Will pyramining make some mining settings to help avoiding this problem?
full member
Activity: 182
Merit: 100
pyramining, are you still working on ASIC-implementation?

Sure, working non-stop. I know that everyone is impatient... by next week I will probably have first details to share. However I assure you all that designing an ASIC is a very delicate task, probably you already have an idea seeing how many are failing (even companies with much more capital than me). The good news is that issue after issue we're going to reach a stable version to put into production.

For the most worried ones: as I already said, if it (really) comes out any other asic, I will buy it for pyramining. I already am evaluated Avalon as a temporary solution, but as far as I know, only a really few units have been delivered, far less than those in order, and I am a bit suspicious about that product. Let's see what happens.


Your producing your own ASIC?

Avalon will ship a majority of their first order Monday they are saying now.  They are no where close to as efficient as what BFL is producing and they are very close also.  Just finishing chip testing.

But you are saying you are making your own chip also.  This is not very well documented on your web site.  I may have to add more to my account then.
hero member
Activity: 501
Merit: 500
pyramining, are you still working on ASIC-implementation?

Sure, working non-stop. I know that everyone is impatient... by next week I will probably have first details to share. However I assure you all that designing an ASIC is a very delicate task, probably you already have an idea seeing how many are failing (even companies with much more capital than me). The good news is that issue after issue we're going to reach a stable version to put into production.

For the most worried ones: as I already said, if it (really) comes out any other asic, I will buy it for pyramining. I already am evaluated Avalon as a temporary solution, but as far as I know, only a really few units have been delivered, far less than those in order, and I am a bit suspicious about that product. Let's see what happens.
sr. member
Activity: 1077
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I'm away in hospital for 4 weeks. I hope the ASIC deposits start working within this timeframe... finally  Shocked

Lets pray  Wink
legendary
Activity: 1232
Merit: 1001
What's the official statement about creating multiple accounts and "self-referring"?
If it is allowed (and I haven't seen a statement on the site forbidding it), then is it
possible/allowed to reuse one payout address for more than one pyramining-account?


Read the FAQ. Multiple accounts and "self-referring" is allowed.

Try to reuse an address, if your account creation is not rejected, it's OK.
full member
Activity: 216
Merit: 100
What's the official statement about creating multiple accounts and "self-referring"?
If it is allowed (and I haven't seen a statement on the site forbidding it), then is it
possible/allowed to reuse one payout address for more than one pyramining-account?
sr. member
Activity: 251
Merit: 250
Any updates about ASICs?  Huh

pyramining, are you still working on ASIC-implementation?
full member
Activity: 172
Merit: 100
TradeFortress has to pay his debitors
Looks like the total network hashing power fluctuates quite a lot. Maybe Avalon´s ASIC are failing? I hope ours will be ready soon and be trustworthy. Every time I see the break even estimation... just can´t wait to see the huge reduction thanks to our brand new ASICs.

So "coraggio, amico!", "ánimo, compañero!" "ganbareh!" do your best, pyramining!!!

We all are expectating on the next leap on the project you let us join!!

Go! Cheesy
hero member
Activity: 639
Merit: 500
Any updates about ASICs?  Huh
sr. member
Activity: 389
Merit: 250
And i have also a question about the old infrastructure, do you sell single gpu card ?

There aren't any GPU, the current running equipment is only FPGA based. Maybe I will consider to sell some, in this case all collected money would go into new ASIC and assigned to Pyramining.

However I don't believe that when FPGA will not be profitable anymore, there will be someone who wants to buy them! ;-)

I'd buy it! For terracoins and other forks.
It's likely that there will still be some interest. If nothing else it could be a way to get a cheap FPGA unit, which is still a nice deal.
hero member
Activity: 639
Merit: 500
And i have also a question about the old infrastructure, do you sell single gpu card ?

There aren't any GPU, the current running equipment is only FPGA based. Maybe I will consider to sell some, in this case all collected money would go into new ASIC and assigned to Pyramining.

However I don't believe that when FPGA will not be profitable anymore, there will be someone who wants to buy them! ;-)

I'd buy it! For terracoins and other forks.
hero member
Activity: 501
Merit: 500
And i have also a question about the old infrastructure, do you sell single gpu card ?

There aren't any GPU, the current running equipment is only FPGA based. Maybe I will consider to sell some, in this case all collected money would go into new ASIC and assigned to Pyramining.

However I don't believe that when FPGA will not be profitable anymore, there will be someone who wants to buy them! ;-)
hero member
Activity: 501
Merit: 500
I observed that some days ago, the parameter "ASIC GH/s cost:" was lowering progressively, then increased and after that has begun to decrease again. Is that due to an increased ASIC implementation estimation cost? Is happening something severe in this proccess?

It depend on the value of Bitcoin. If BTC increases, you have more GH/s per BTC, if BTC decreases, the performances decrease accordingly. As already said Ricciolone, I buy the stuff in Euro/Dollars.

Quote
I feel strongly confident with pyramining policy, but I´m just curious about the technical details.

We are still at a point where specifications may change significatively. When the boards will be working, I will provide extensive information.
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