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Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 107. (Read 318060 times)

legendary
Activity: 1498
Merit: 1000
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.
legendary
Activity: 2128
Merit: 1002
Your site is offline again

Fixed. I Apologize for the delay, I am currently in London. Fortunately I can still do some maintenance from here.

yes I can see it now...have fun in London!
hero member
Activity: 501
Merit: 500
Your site is offline again

Fixed. I Apologize for the delay, I am currently in London. Fortunately I can still do some maintenance from here.
legendary
Activity: 2128
Merit: 1002
Your site is offline again :
502 Bad Gateway
nginx/1.2.0
legendary
Activity: 1372
Merit: 1003
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
legendary
Activity: 1358
Merit: 1002
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.
legendary
Activity: 1372
Merit: 1003
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?
hero member
Activity: 501
Merit: 500
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.
hero member
Activity: 501
Merit: 500
No, I remember to have seen somewhere that he stated it would become ~January until he will be able to add the first Asics.

Correct.

I can imagine that the first chips will be ordered in December. And therefore fund are collected for this first order.

My problem is not "collecting funds" but figuring out the quantities needed.

Also, he is stepping in new terrain here, even if he gets the chips on time. There is:

  • PCB Layout
  • PCB Assembly
  • Mining Software configuration
  • Setup of the new farm / integration into the old one
  • Much more I haven't thought of

As I think this is mostly a one man operation and this whole project requires a lot of work, I expect delays to happen here.
So be patient.

Fortunately I am not alone, there are other people helping me setting up the whole thing, however the quantity of work needed to set up the whole thing is HUGE. Of course I will try to avoid delays as much as possible, we're all already very busy working on this project.

For example, we built a new room in our facility dedicated only to bitcoin mining, instead of placing things in the servers datacenter. This room is optimized for miner requirements, therefore it will cut off unnecessary costs.
sr. member
Activity: 1077
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Thanks pyramining!

All I wanted to know.
hero member
Activity: 501
Merit: 500
I think the late November date was picked as ASIC's were due to be shipping by then?

No, ASIC infrastructure will be available at the end of December or most probably in January. The promotion ending by November helps me planning the correct quantities of various items I will need to set up to try to satisfy all the requests.
hero member
Activity: 501
Merit: 500
where is the advantage in ASIC deposits after November OR if you deposit less than 10BTC

For small amounts (less than a few BTC) nothing changes much. For higher amounts, you will add a lot more hashing power if you deposit for ASICs than depositing in current technology. This may change the speed at which you will get your rewards. It will start later, but it will end sooner.

If I deposit not for ASICs - my "investment" starts immediately - and as soon as ASICs arrive at pyramining - I benefit, too.

If I deposit for ASICs (after November or less than 10btc) - I have to wait untill ASICs arrive (am I right?) at pyramining and the "investment" starts only then.

True, and as I stated a few rows above, for small amounts there will be not much difference and it's possible to invest with FPGAs, when ASICs will be deployed, you will benefit too. But if you are going to invest, let's say 100 BTC, it's better to wait depositing or depositing using ASICs. The current promotion (on which I will deposit 50% of the deposited amount, if > 10BTC) makes it worth to invest now instead to wait for ASICs to be ready.

Only want to know if it makes sense adding some BTC after november for ASICs

After November, the only meaning you have to invest in ASIC instead of waiting for them to be ready is that deposits will be fulfilled in "first come, first served". If there will be much more deposits than available hardware (first batch), only the first ones will become active, others will have to wait for further batches.

Hope it's clear now... if you have any other question, just ask.
member
Activity: 116
Merit: 10
WINSTARS - We are changing the face of gambling
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?
legendary
Activity: 1232
Merit: 1001
No, I remember to have seen somewhere that he stated it would become ~January until he will be able to add the first Asics.

I can imagine that the first chips will be ordered in December. And therefore found are collected for this first order.

Also, he is stepping in new terrain here, even if he gets the chips on time. There is:

  • PCB Layout
  • PCB Assembly
  • Mining Software configuration
  • Setup of the new farm / integration into the old one
  • Much more I haven't thought of

As I think this is mostly a one man operation and this whole project requires a lot of work, I expect delays to happen here.
So be patient.
legendary
Activity: 1372
Merit: 1003
Sorry if I missed something... perhaps someone here can me explain the following:

Except for November-ASIC deposit special ...

where is the advantage in ASIC deposits after November OR if you deposit less than 10BTC

- IF all "Pyraminer" benefit from ASICs - as soon as they are setup at pyramining

I mean the following:

If I deposit not for ASICs - my "investment" starts immediately - and as soon as ASICs arrive at pyramining - I benefit, too.

If I deposit for ASICs (after November or less than 10btc) - I have to wait untill ASICs arrive (am I right?) at pyramining and the "investment" starts only then.

What did I miss?

Only want to know if it makes sense adding some BTC after november for ASICs

Regards

I think the late November date was picked as ASIC's were due to be shipping by then?
sr. member
Activity: 1077
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Sorry if I missed something... perhaps someone here can me explain the following:

Except for November-ASIC deposit special ...

where is the advantage in ASIC deposits after November OR if you deposit less than 10BTC

- IF all "Pyraminer" benefit from ASICs - as soon as they are setup at pyramining

I mean the following:

If I deposit not for ASICs - my "investment" starts immediately - and as soon as ASICs arrive at pyramining - I benefit, too.

If I deposit for ASICs (after November or less than 10btc) - I have to wait untill ASICs arrive (am I right?) at pyramining and the "investment" starts only then.

What did I miss?

Only want to know if it makes sense adding some BTC after november for ASICs

Regards
legendary
Activity: 1232
Merit: 1001
Thanks for the update. Seems like bitcoind really gets on it's limits with the Amount of Addresses you handle.

Also, I read somewhere that it can case problems when it has a huge amount of transactions in it's history. I can imagine that the huge amount of addresses combined with the probably enormous amount of transactions in it's history become to much for it.

Although, I have no Idea how the Amount of addresses and transactions it has to watch could be reduced.

I think exchanges should face the same challenges, maybe one of them knows a solution?

Hopefully the next version will provide more stability.
hero member
Activity: 501
Merit: 500
I made a BTC9.90001111 deposit to top up a BTC0.10001111 deposit to meet your BTC10.00001111 threshold for the ASIC deposit bonus.

Yet on my Pyramining account page it shows up as a FPGA deposit of BTC9.9000111

The website is currently giving me a "502 Bad Gateway" error.

I apologize for the late answer, I have been out during the weekend. It seems that bitcoind crashed and caused these problems. Now everything is fixed and working as usual. All deposits seems to be credited correctly now.

If there are any other missed deposit transaction, please report it to me, including the TXID, through a PM. If you aren't registered on this forum, an email ( [email protected] ) will do.
newbie
Activity: 51
Merit: 0
The website is currently giving me a "502 Bad Gateway" error.

The same here...
member
Activity: 118
Merit: 10
Nobody accepts bitcoin on the moon.
The website is currently giving me a "502 Bad Gateway" error.
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