http://www.pyramining.com/ - Discussion thread (no advertising here) - page 106.

pyra-proxy

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Quote from: pyramining on December 06, 2012, 09:27:53 PM

Due to the amount of messages/requests received in these days, I decided to renew the promotion until the end of 2012.

So: on every account containing at least a total of 10 BTC in ASIC deposits, up to 4000 BTC deposited from now until 31st December, I will deposit 50% of the total amount with my personal funds using that account as a sponsor. I have at least 2000 BTC available for this campaign (not counting those already allocated for those who took advantage of this promotion until now).

If the total ASIC deposits will exceed 4000 BTC, promotions will be applied to the first deposits (chronological order). By the time of 31st December maybe I could be able to allow also the exceeding deposits into this promotion (if there will be any), but it's not guaranteed.

Out of curiosity, How many/much BTC deposits have been applied to ASIC deposits to date?

pyramining

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Due to the amount of messages/requests received in these days, I decided to renew the promotion until the end of 2012.

So: on every account containing at least a total of 10 BTC in ASIC deposits, up to 4000 BTC deposited from now until 31st December, I will deposit 50% of the total amount with my personal funds using that account as a sponsor. I have at least 2000 BTC available for this campaign (not counting those already allocated for those who took advantage of this promotion until now).

If the total ASIC deposits will exceed 4000 BTC, promotions will be applied to the first deposits (chronological order). By the time of 31st December maybe I could be able to allow also the exceeding deposits into this promotion (if there will be any), but it's not guaranteed.

pyramining

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Quote from: chriswen on December 06, 2012, 07:47:02 PM

So, if I deposit regular money will my shares get turned into ASIC shares at some point?

No, but ASIC miners will get mixed to FPGA miners, and everyone will take advantage of it.

IMHO, if you want to invest a small amount ( < 5 BTC ) there is not much difference between normal and ASIC deposits. If you are planning to invest much, probably it's worth it to wait until ASICs are ready or if you prefer, invest with ASIC deposits.

chriswen

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So, if I deposit regular money will my shares get turned into ASIC shares at some point?

Akka

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Quote from: pyramining on December 05, 2012, 05:44:09 PM

Quote from: Monkey1 on December 05, 2012, 05:07:04 PM

But even assuming they do add a delay, it will be the end of jan when ASIC will hit?

I am not able to guarantee it, but our ASICs are planned to be ready before the end of January. I still don't have an estimate on how much time will be needed for deployment, but I don't expect it to be much different than what it took to put FPGAs online. So the end of January is a reasonable date.

For everyone: in the case we arrive at 31st of January and ASICs will not be already running because we're still working on them, please do not flame (like when we were waiting for the July FPGA deployment which took about a week more than planned)... I am really doing everything I can to speed up and optimize things as much as possible. The sooner they will be in production, the better is for both me and you all. This should be a warranty on the commitment I am dedicating to this activity.

To add to this point. Please consider that there is no single supplier that hasn't add delays yet. Considering that BFL has already delayed their deployment 3 month (and is expected to delay further) a view weeks delay will still be awesome.

Like I wrote before. I have a rough picture about how much work that is and I was expecting delays from the beginning. So no flaming from me.

pyramining

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Quote from: Monkey1 on December 05, 2012, 05:07:04 PM

But even assuming they do add a delay, it will be the end of jan when ASIC will hit?

I am not able to guarantee it, but our ASICs are planned to be ready before the end of January. I still don't have an estimate on how much time will be needed for deployment, but I don't expect it to be much different than what it took to put FPGAs online. So the end of January is a reasonable date.

For everyone: in the case we arrive at 31st of January and ASICs will not be already running because we're still working on them, please do not flame (like when we were waiting for the July FPGA deployment which took about a week more than planned)... I am really doing everything I can to speed up and optimize things as much as possible. The sooner they will be in production, the better is for both me and you all. This should be a warranty on the commitment I am dedicating to this activity.

pyramining

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Quote from: Akka on December 04, 2012, 01:39:33 AM

As the bounty for pre ASIC deposits was going until 30.11 what happens now if I deposit ASIC allocated fund in an Account that has already ASIC fund deposited in it during the bounty in it?

Am I save to do so or will this possibly mess up the bounty calculation?

It is safe and you do not incour in any trouble and/or mess. :-)

Monkey1

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Quote from: pyramining on December 03, 2012, 02:15:23 AM

Quote from: btharper on December 02, 2012, 11:32:31 PM

Any updates on the ASIC front? Or current expectations?

Everything is on schedule, deployment is planned around mid January. The only "problem" that relatively troubles me is that during the christmas period (last week of december and first of january) most companies don't work here in my country. I hope these holidays won't delay any operation.

But even assuming they do add a delay, it will be the end of jan when ASIC will hit?

Akka

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Hi pyramining,

As the bounty for pre ASIC deposits was going until 30.11 what happens now if I deposit ASIC allocated fund in an Account that has already ASIC fund deposited in it during the bounty in it?

Am I save to do so or will this possibly mess up the bounty calculation?

pyramining

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Activity: 501

Merit: 500

Quote from: btharper on December 02, 2012, 11:32:31 PM

Any updates on the ASIC front? Or current expectations?

Everything is on schedule, deployment is planned around mid January. The only "problem" that relatively troubles me is that during the christmas period (last week of december and first of january) most companies don't work here in my country. I hope these holidays won't delay any operation.

btharper

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Any updates on the ASIC front? Or current expectations?

pyramining

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Merit: 500

The web interface is now online again. The previous server suffered a complete crash of the hard drive. Nothing has been lost since everything has been restored from backups.

I took this opportunity to replace the server that hosts the website. The new one has a powerful CPU, more RAM and a RAID-1 SSD storage. I hope this setup will mitigate bitcoind troubles and increase the overall reliability.

Should you notice something wrong, leave me a PM.

I apologize for the interruption of the service and thank you all for your patience.

Akka

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Thanks for the quick reply. I hope there is no serious damage to your hardware.

Also thanks for you continuous work on this service.

pyramining

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This time there is an hardware problem on the server. I am already working on it. Since it had to be taken down I am also upgrading the hardware behind it, it should help overall situation, also.

Akka

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And down again.

Crashed again? Seems like the current amount of addresses is really to much for bitcoind.

Maybe you should ask an exchange if they have the same problems.

Sorry for posting immediately, but this always makes me nervous, because you have a significant amount of my coins.

pyramining

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Quote from: biddicoin on November 29, 2012, 06:36:09 PM

1. If there is one account with ASIC deposits (so not really active atm) - and someone uses the ref link from this person and has a active account with payment to upper sponsors: Does the person with the ASIC deposit (the sponsor) receive Bitcoins from the referred person? I as sponsor should receive the bonus from a person - but they don't show up.

ASIC deposits are not considered active. If the referral has one or more active deposits and his sponsor has an ASIC deposit (still inactive), 30% of the referral hashing power is distributed to upper active accounts. Bonuses are not passed up, and will be collected at the time the ASIC deposit becomes active.

Quote from: biddicoin on November 29, 2012, 06:36:09 PM

2. Do the Sponsors (with pending asic deposit) receive the Bonus, as soon as their account is active?

Of course, yes!

Quote from: biddicoin on November 29, 2012, 06:36:09 PM

If they don't, then I'm sad because I didn't know and made the wrong tactic.

You have no reasons to be sad! :-)

Quote from: biddicoin on November 29, 2012, 06:36:09 PM

3. A sponsor receives the bonus during his account is active - is this still the case if an old deposit is paid back but DURING the payback period making new deposits keeps the bonus alive?

In the unfortunate case that an old deposit of a referral is completely rewarded before the ASIC deposit becomes active, you miss that bonus. Bonuses are generated by active deposits and collected by active deposits only.

biddicoin

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oh... got some questions again:

1. If there is one account with ASIC deposits (so not really active atm) - and someone uses the ref link from this person and has a active account with payment to upper sponsors: Does the person with the ASIC deposit (the sponsor) receive Bitcoins from the referred person? I as sponsor should receive the bonus from a person - but they don't show up.

What could that be? Do they not show up- until a special amount is reached? Does it go to the upper sponsor who has already working deposits?

and if so:

2. Do the Sponsors (with pending asic deposit) receive the Bonus, as soon as their account is active?

If they don't, then I'm sad because I didn't know and made the wrong tactic.

3. A sponsor receives the bonus during his account is active - is this still the case if an old deposit is paid back but DURING the payback period making new deposits keeps the bonus alive?

Thank you

pyramining

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Bitcoin block reward halving and difficulty increasing are slowing a lot the reward process. However I invite everybody to be patient: when ASICs will finally be ready, most probably all deposits will become "complete" far before the date expected at the moment of the deposit.

Nikolaj06

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Quote from: pyramining on November 23, 2012, 08:45:32 AM

Quote from: Nikolaj06 on November 23, 2012, 06:29:12 AM

Looking at the price per GH/s in ASIC farming, it is lower than the price per GH/s when buying ASIC's directly from BFL.. How come? does he get a discount or something? Or are the figures wrong?

Here we don't use ANYTHING related to BFL. And we don't sell ASICs to end users. So we don't need to care about making a user-friendly software/interface/enclosure/whatever, we don't need to provide user support, and so on. This keeps our costs lower, at the benefit of everyone.

Ahh, thank you very much for the response! Makes sense

I'm very close to investing, I just need my Bitcoin now.. It's been 6 business days since I transfered to Mt.Gox, so it should hopefully be there before the promo ends!

When talking about the promo, would my sponsors benefit from this Promo as well? (like recieving the bonus faster)

EDIT:
Another thought crossed my mind.. If BTC inreases in value, the ROI, talking purely BTC, is bound to increase right? As this would cause increased competition in the mining game. The same way, if BTC falls in value to ROI would decrease..

Or am I completely wrong? (still quite new here :b)

matthewh3

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Quote from: gweedo on November 25, 2012, 10:25:01 PM

Quote from: matthewh3 on November 23, 2012, 07:06:19 PM

Quote from: Raoul Duke on November 23, 2012, 06:51:54 PM

Quote from: matthewh3 on November 23, 2012, 04:38:11 PM

Quote from: pyramining on November 23, 2012, 08:45:32 AM

Quote from: Nikolaj06 on November 23, 2012, 06:29:12 AM

Looking at the price per GH/s in ASIC farming, it is lower than the price per GH/s when buying ASIC's directly from BFL.. How come? does he get a discount or something? Or are the figures wrong?

Here we don't use ANYTHING related to BFL. And we don't sell ASICs to end users. So we don't need to care about making a user-friendly software/interface/enclosure/whatever, we don't need to provide user support, and so on. This keeps our costs lower, at the benefit of everyone.

Have you thought about adding alt-coins to your payments? It would probably attract additional investment if people new they were going to receive more than just bitcoins if they wish. Maybe you could also offer a way to invest into Pyramining with alt-coins such as namecoins and devcoins?

Are you an investor on Pyramining? Do you suspect everyone to be like you?
I still remember you opening a thread offering a bounty for a logo and never paying up... Roll Eyes

Pyraming has kept his promisses until know. No one else is asking for more besides you.
You have 2 choices: You invest or you don't.

What do you gain from post like that? Now really your just a trolling and I must have way too much time on my hands to even bothering replying. Trying to tarnish my reputation by trying to boost your own. Sad don't you have any hobbies or anything else to let your steam out. That post was a waste of time but only to rattle my cage a bit and the fact I bothered replying probably gives you some form of satisfaction Roll Eyes

Why would a company like pyramining go with alts if they can keep up in the bitcoin mining and are designing there own ASIC, really makes no sense at all.

Because the alt-coins are merged-mined.

Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 106. (Read 318060 times)