Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 11. (Read 318060 times)

So Pyra has a lot of space for mining gear and I assume access to cheap electricity, too.

How about hosting several Ph/s through Asicminer franchised mining and keep 20% of mining income from that?

If energy cost are around 10 ct or lower it will be worth considering in my opinion.

Why would they pay altcoins, but not bitcoins?

As it is down, I don't others will buy. But you can give it a try posting in marketplace. Accepting Altcoins would be great to get good attention and easy selling. You can exchange it for BTC later.
Kindly,
       MZ

what's the best way to sell my Pyramining account on this forum?

I don't have a problem with that... that 'excess' hashpower is left over from after depositors have completed their mining contract, and that hashpower has reverted back to Pyramining. If Pyramining wants to devote the unallocated hashpower to the oldest 10 open contracts, that is their business... that is, after all, their hashpower now.

As long as everyone who had purchased hashpower, are still getting what they paid for, under the terms they signed up for, that is my only concern. Suspending that, in favor of devoting it to other people, without the consent of those who own that hashpower under their open contract, is theft. That is what I am against... and I don't care how much of a deposit they made into their account, you don't get to tell them that they've made enough, and that you're taking their hashpower and giving the earnings from it to someone else, no matter how "temporary" you would imagine it to be.I am not an investor. I bought a contract. What was considered a loan to Pyramining, which I would be paid back, plus a specified percentage... variable depending on how much my referrals contributed too.

If I was an investor, I would be an owner of the company, with however many or few shares to represent my investment, and I could hold onto it as long as I wanted, and continue to get dividends from it until I decided to sell off my investment.

This wasn't an investment, this was a loan... and the terms of the loan, effectively revolved around buying hashpower.

The earnings you get aren't dividends from your investment... they are repayments of your loan, using the proceeds of the hashpower you were given in exchange for your loan. When you complete, your loan is repaid, and the hashpower goes back to its rightful owner, Pyramining.You assume it is me who wasn't the one to think it through... and I think the exact same thing about you.

I'm not the least embarrassed, and your baseless assumptions about my personal and financial life, are wildly missing the mark. Good try tho.You mean the non-consensual taking of people's rightful earnings to give to other people.Except they will get it even slower, and possibly not at all, as diff keeps rising, and the payouts of their deposits at the exchange rate they made them, get even smaller than they already are...Ok, I don't even know where you're going with that bit of nonsense...That is more an argument for re-opening new accounts and re-enabling our referral links, than it is about suspending payouts to some, in order to give them to others.My reasoning is sound... it is your assumptions that are what you should be giving more thought to.

=squeak=

I was reading your response and had to stop when you got the big government type BS. For now it will be temporary until there is another reason, bullshit. You know that he has dedicated excess hashing power to clear the backlog. The changes he made means there will be no more backlog, IE as deposits are cleared out the list stays shorter, so everything you have to say from here on out is straight up ridiculous.

We are his investors, we did not buy a contract, if we did then mining would have stopped at a certain point. Most mining contracts usually 1 or 2 years with pbmining being the exception. We purchase hardware with our deposits, or did you not read the faq and tos when you signed up.

In my experience, anyone who is so vehemently against something without even thinking it through usually has something to hide and based on your 10k word response, I would say your embarrassed about how much you put in and your wife/husband/gf/bf/dog would kill you if they knew and if the payouts stopped coming.

If your capable of comprehending the following I will explain in more detail why the idea of temporarily pausing the fiat positive deposits is not going to call on satan to assrape while you sleep.

Its simple: Referrals. Even if the deposits for account x are paused, they will still receive the referral dividends from those they have referred. And if you try and tell me that with you having an account before pyra even registered the domain you have 0 referrals your so full of shit your neighbors can smell it. And guess what? With later deposits being smaller than the earliest ones, they will clear faster and more of the ref bonuses will go to the upline. This benefits everyone INCLUDING YOU, rather than focusing on 1 account we can knock out several at a time.

At times you have seemed to be intelligent and well though out, but this little issue has shown that you are not. You put on an air of wits but in the end your basically a rightwing pundit.

Who the hell are you to say if someone's profit was ridiculous or not?

It doesn't matter if it is "temporary" or not... later on there will be some other reason to "temporarily" screw them...

That isn't what they signed up for... and they are not his investors... When you bought into Pyramining, you entered into a mining contract. That contract isn't complete until the terms of the contract have been fulfilled.

Another thing to keep in mind, that when you purchased your contract, your hashrate is based on what the fiat conversion rate was at the time your deposit was made. Those who you want to screw, are already being screwed, as they currently have less hashpower per 1 BTC, than you would have making the same deposit today.Of course it is... you're argument targets those who you believe to be "better off" than others...

When we purchase hashpower, unless you've been living under a rock for the past 4 years, you know that your rate of return is going to be going down the longer your hashpower is active, due to the difficulty rate. We know this going into it, and if you don't know it, how is your willful ignorance anyone else's problem?You're getting the profits you paid for.Those who invested at that time are getting much less hashpower.The facts don't change just because they're inconvenient to you, and they aren't lies. You guys just are too myopic to see the big picture. (and since you keep trying to drag political parties and attacks into this, I'm a Libertarian, not a Republican.)Food stamps are your thing, not mine... and all I care about is getting what I paid for, and having the terms of the contract I entered into when I purchased my hashpower, honored.

I'm not a big investor... if you were to add up all of the hashpower I purchased together, as if it all completed right now, it would still amount to less than 10 BTC.

How much I purchased, isn't the point... We made a deal with pyramining for hashpower. We made a contractual obligation. That contract has to be kept, or else nobody's "investment" is safe... not even yours... if that contract can be ignored on a whim of a group of people, whining, because someone else has more, and is still getting what they paid for.

Bitcoin came into existence to get away from that class-warfare socialistic bullshit that is eating away our fiat in the first place. HELL NO am I going to go along to perpetuating that same crap here.

If you can't handle a free market, a free enterprise, and Libertarian values, then do everyone a favor, yourself included, and cash the fuck out and stay in the fiat where it can be manipulated to your heart's content.

(and on that note, that's the last I'll say on this particular topic, until it comes back up again in a month or two, when some other mental lightweight decides to let their jealousy make them stupid again.)

=squeak=

Your speaking to my point by taking something simple and going nuclear with it. Its not screwing over those that have made a better return. I am speaking of those that have made a ridiculous profit already, and it would be temporary, and yes, the same criteria could be applied to all accounts so that its evened out. IE, once my accounts have profited say 110% fiat based, my payouts are halted for awhile. But its likely all moot, because pyra has his way of running things and doesnt seem to want to pay any heed to his investors.

This has nothing to do with you being in a better position because of your choices. Its not about you vs me, its about our individual contribution to pyramining and the fact that without asic investors for both rounds, the gpu/fpga investors would not be payouts at all.

Because I invested in the asic round instead of fpga does not make me less entitled to the profits that I expected when I invested.
In the same vein, because your an fpga investor and have been in since the beginning does not make you some of kind of god or all powerful being.

And again, your repeating the same lines I have heard the gop trumpet on fox news when it comes to things like minimum wage hikes, etc. Lets completely ignore the facts that have proven time and time again and just keep repeating the same lies because no matter how ridiculous something is the more you repeat the more true it becomes.

But wait, I know whats going on. You mortgaged your house way back when to invest in pyra and if your payouts are halted for even a month or 2 you will lose your house, in that case go get food stamps and get over it.

Sure... screw over those who have had a better return than you have... forget that they got in earlier, or that everyone was under the same rules, and earning at the same proportion, but they ended up in a better position due to their own choices, so we gotta screw them so those who joined later when diff and the exchange rate is higher so _YOU_, can get a return on your profit instead of those who risked more...

That's classic class warfare...

We're all in the same boat, and now you selfishly want to push the people you're jealous of, out of it.

They have just as much right to continue getting a return on their investment as anyone else does.

=squeak=

i investet 5,5BTC and now i have 3,6% in 1,3 Years.
nobody will see his 100%.

i think he make a lot of money 4 himself not for the investors. what is with the old accounts? they never will finish.
... should i go to the police for more informations what i can do -_-"

Who in this thread has ever said someone should/would be penalized after receiving 50% of their funds back?

What I have said is that those that invested when btc was 20$ and have made likely 1000% profit in fiat, should get their payouts temporarily halted so that those of that us that have only recieved 10% or less of our investment might have a chance at seeing it before we die. You fuckers remind me of the rightwing republicans, its a good idea when its benefiting you, but as soon as it doesn't benefit you even as much as it was, its a bad, evil idea and the world will stop spinning if its done.

A communist/ socialist/ everyone is equal, even those who haven't invested as much or who joined late etc, approach is clearly not going to work.  What incentive is there to join if you think that as soon as you get 50% of your money back you will get screwed over in favor of someone who joined 1 year after you???  This is business not some socialist class struggle.

some people just can't let go of their class-warfare indoctrination... :shrugs:

=squeak=

Agreed, it should be random, like it was in the beginning with members who joined on their own.  People have to stop trying to penalise those who have already made money, or joined a long time ago in order to benefit newer members.

yeah... I wouldn't go along with that... that effectively shuts out everyone who already has accounts, creating one single long referral chain.

By your method...

New person joins, last account created before him gets listed as his referral
The new account now becomes the last account created with no referrals
Repeat

The condition that the last-joined account would need 1 or more referrals already, before the new account gets linked to someone random instead, would never hit, and no new account would ever be assigned randomly.

You would end up with a chain of: A-B-C-D-E-F-G-H-I-J-K-L-etc-etc-etc in a single unbroken chain.

=squeak=

I am sorry for not telling correctly. What I told was putting the newly registered member under member who joined just before him. If that account has 1 or 1+ ref, then newly registered member can be put under any member who got no referral.

Kindly,
      MZ

No, he is not involved with pyramining. He has been spamming other threads.

I think he has been removed by this time   https://bitcointalksearch.org/topic/ban-copy-paste-spammer-rdminer-712301

It's the same update that was posted by Pyramining a while back. I dunno why this person is posting it again.

Are you involved in pyramining?
I thought it was a one man band...

?