I hope Pyramining is not dependent on BTCFPGA with their Asics... don't want to loose all my coins
Seems like BTCFPGA can't pay back all customers
Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 105. (Read 318060 times)
January 20, 2013, 04:27:58 PM
January 19, 2013, 05:23:36 AM
I received a payment from Pyramining today...thank you.
January 18, 2013, 11:12:48 PM
Received my 3/11 Bitcoin from Pyramining on January 4th. Thanks Pyramining! Should take a long time due to difficulty increase and block reward halving.
January 12, 2013, 09:34:25 AM
So is it just me or is it looking like pyramining will be the first implemented and running ASICs on the network? If that holds true it will be a great thing to be a pyramining user as we'll all reap the rewards (I know the investors in my proxy pyramining funds should be happy if this is the case)! :-)
True indeed. After the big mess at BTCFPGA side, I'm hoping to see some good returns with this.
January 11, 2013, 10:31:17 AM
That claim seems pretty dubious and naive. What makes you guys think he actually has asics coming when nobody else does?
It´s hope arround there. But it is very obvious he is working hard, he IS an entrepreneur. Things may fail or be delayed, but when someone has an entrepreneur soul, nothing will stop him. I am sure about that.
January 09, 2013, 02:48:43 AM
Please, don't transform this thread into another speculation about ASICs. We are working hard on it, it's a difficult road, and as I stated above, a delay still may appear. We are trying to deploy as fast as possible. I am as eager as you (probably much more) to have them working.
January 09, 2013, 02:28:10 AM
That claim seems pretty dubious and naive. What makes you guys think he actually has asics coming when nobody else does?
January 08, 2013, 11:26:10 PM
So is it just me or is it looking like pyramining will be the first implemented and running ASICs on the network? If that holds true it will be a great thing to be a pyramining user as we'll all reap the rewards (I know the investors in my proxy pyramining funds should be happy if this is the case)! :-)
January 06, 2013, 07:33:54 PM
Still set on not selling these to people, even sans support, warranties, and the like?
Yes, it's simply not acceptable to sell it without warranty and support, and only a fool would buy it this way.. :-) Providing support, warranty and so on would increase costs and then you lose the advantage.
What can you tell us about the predicted specs anyway? Any ASIC hardware porn?
ASIC boards provide (at current $13.41/BTC) 719MH/s per BTC, with an estimated power consumption set between 1.2W and 1.4W per GH/s. Miners will be arranged in sets of 1KW/each (more than 750GH/s per unit).
I will release some adult pictures of this stuff when the production will be ready to be assembled.
January 05, 2013, 08:24:02 PM
Still set on not selling these to people, even sans support, warranties, and the like?
Yes, it's simply not acceptable to sell it without warranty and support, and only a fool would buy it this way.. :-) Providing support, warranty and so on would increase costs and then you lose the advantage.
What can you tell us about the predicted specs anyway? Any ASIC hardware porn?
ASIC boards provide (at current $13.41/BTC) 719MH/s per BTC, with an estimated power consumption set between 1.2W and 1.4W per GH/s. Miners will be arranged in sets of 1KW/each (more than 750GH/s per unit).
I will release some adult pictures of this stuff when the production will be ready to be assembled.
January 04, 2013, 09:42:12 PM
Any news on the ASICs? Are we on track to deploy them this month as you previously intended?
Production should start next week, there are good chances that we will have finished boards before the end of the month. I wrote "should" in italic, because there are still a few complex tasks to complete which could lead (even if unlikely) to small delays. Holidays between the last two weeks didn't help with this. ;-) However we're currently working with prototypes and finalizing firmware.
What can you tell us about the predicted specs anyway? Any ASIC hardware porn?
January 04, 2013, 04:12:23 PM
Any news on the ASICs? Are we on track to deploy them this month as you previously intended?
Production should start next week, there are good chances that we will have finished boards before the end of the month. I wrote "should" in italic, because there are still a few complex tasks to complete which could lead (even if unlikely) to small delays. Holidays between the last two weeks didn't help with this. ;-) However we're currently working with prototypes and finalizing firmware.
January 04, 2013, 02:10:18 PM
Hi,
Any news on the ASICs? Are we on track to deploy them this month as you previously intended?
Any news on the ASICs? Are we on track to deploy them this month as you previously intended?
December 27, 2012, 06:47:57 PM
This will really depend upon how much you invested, current difficulty, reward etc etc.
The current estimate (on site) for full payout is around 20 months I believe, however, you can dranatically reduce this by being clever. I broke even within a few weeks and now I'm inclear profit. PM me if you want details.
The current estimate (on site) for full payout is around 20 months I believe, however, you can dranatically reduce this by being clever. I broke even within a few weeks and now I'm inclear profit. PM me if you want details.
December 27, 2012, 08:32:59 AM
Hello.
How long it takes to receive the income I made in my account pyramining?. Payments are automated? to that amount?
thanks
How long it takes to receive the income I made in my account pyramining?. Payments are automated? to that amount?
thanks
December 24, 2012, 02:31:11 AM
Thanks for clearing up 
I thought ASIC mining power was exclusive to those who deposit with the last 1111.
My mistake
I thought ASIC mining power was exclusive to those who deposit with the last 1111.
My mistake
December 23, 2012, 06:34:23 PM
Maybe you should post this on you homepage, to not confuse noobs:
Advantages:
- Overall hashing power is increased, old FPGA accounts will not be a "burden", to the advantage of everyone.
- ASIC early adopters will get 5% bonus increase for my referral / deposit.
- ASIC early adopters will have a faster ROI (speedup due to 15% of my mined BTC going to the sponsor).
- I will get this investment back together with you.
Or something like that, to make it clear that the increased Hashing power goes to the benefit of all accounts, but pre depositors receive a bonus.
Advantages:
- Overall hashing power is increased, old FPGA accounts will not be a "burden", to the advantage of everyone.
- ASIC early adopters will get 5% bonus increase for my referral / deposit.
- ASIC early adopters will have a faster ROI (speedup due to 15% of my mined BTC going to the sponsor).
- I will get this investment back together with you.
Or something like that, to make it clear that the increased Hashing power goes to the benefit of all accounts, but pre depositors receive a bonus.
December 23, 2012, 06:26:40 PM
The only issue i have with this plan on the ASIC is that early adopters will not benefit from it at all, in fact it would hurt them rather than benefit them.
Another plan is to scale the whole project together in a way that early adopters will get the rewards faster instead of stretching the ROI time even longer.
I mean with the 18BTC I deposited 5 months ago, there has been no increase in the infrastructure hashing speed which makes it no different than mining bonds except more expensive since most mining bonds are permanent.
Early adopters will be stuck with less than 10MH/BTC without the ability to scale up with the arrival of ASICs to the market which will result even longer time to get the reward after ASIC arrival. (at least x5 time)
With that in mind, instead of getting the reward back in 30-40 months, it would be over 10 years to get the btc back with the very low speeds.
Another plan is to scale the whole project together in a way that early adopters will get the rewards faster instead of stretching the ROI time even longer.
I mean with the 18BTC I deposited 5 months ago, there has been no increase in the infrastructure hashing speed which makes it no different than mining bonds except more expensive since most mining bonds are permanent.
Early adopters will be stuck with less than 10MH/BTC without the ability to scale up with the arrival of ASICs to the market which will result even longer time to get the reward after ASIC arrival. (at least x5 time)
With that in mind, instead of getting the reward back in 30-40 months, it would be over 10 years to get the btc back with the very low speeds.
Why are you stating this? When ASICs will be introduced, EVERYONE will benefit of it, and it won't take 10 years to get your BTC back. Did you read attentively the rules, expecially those about ASIC technology upgrade?
December 23, 2012, 11:52:50 AM
The only issue i have with this plan on the ASIC is that early adopters will not benefit from it at all, in fact it would hurt them rather than benefit them.
Another plan is to scale the whole project together in a way that early adopters will get the rewards faster instead of stretching the ROI time even longer.
I mean with the 18BTC I deposited 5 months ago, there has been no increase in the infrastructure hashing speed which makes it no different than mining bonds except more expensive since most mining bonds are permanent.
Early adopters will be stuck with less than 10MH/BTC without the ability to scale up with the arrival of ASICs to the market which will result even longer time to get the reward after ASIC arrival. (at least x5 time)
With that in mind, instead of getting the reward back in 30-40 months, it would be over 10 years to get the btc back with the very low speeds.
Another plan is to scale the whole project together in a way that early adopters will get the rewards faster instead of stretching the ROI time even longer.
I mean with the 18BTC I deposited 5 months ago, there has been no increase in the infrastructure hashing speed which makes it no different than mining bonds except more expensive since most mining bonds are permanent.
Early adopters will be stuck with less than 10MH/BTC without the ability to scale up with the arrival of ASICs to the market which will result even longer time to get the reward after ASIC arrival. (at least x5 time)
With that in mind, instead of getting the reward back in 30-40 months, it would be over 10 years to get the btc back with the very low speeds.
December 07, 2012, 05:21:02 AM
You can see this on pyramining homepage
ASIC pre-allocated power: 839.5GH/s
ASIC GH/s cost: 1.35 BTC
ASIC pre-allocated power: 839.5GH/s
ASIC GH/s cost: 1.35 BTC
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