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Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 118. (Read 318060 times)

sr. member
Activity: 389
Merit: 250
Quoting post 666!

I'm still in early stages, so there is nothing to announce for now... be patient! :-)

You have the most exciting thing of all to share. Plans, extremely early stage planning even!

In-house? Let the fab company design things?
Cell-based? Full Custom?
Will you be selling any in addition to running pyramining with them? (I think you'd discussed this one before and did not plan to sell chips commercially).
hero member
Activity: 501
Merit: 500
I'm still in early stages, so there is nothing to announce for now... be patient! :-)
sr. member
Activity: 358
Merit: 250
Very Interesting!  Are you going to share any info or is it still top secret?
sr. member
Activity: 389
Merit: 250
Maybe I could do it by the end of next week. Now I am working on the ASIC front.
That sounds like even more fun, any details you can share?
hero member
Activity: 501
Merit: 500
Maybe I could do it by the end of next week. Now I am working on the ASIC front.
hero member
Activity: 868
Merit: 500
Any idea of when you will be in a position to move to solo mining?
legendary
Activity: 1379
Merit: 1003
nec sine labore
Actually ~ 80% of the hashing power is directed to abcpool, the 20% remaining is split between p2pool, ozcoin and btcguild.

Regarding solo mining I am planning to do it, but I am not convinced to point miners directly to bitcoind. There are almost no info about the progress and it would be harder to check if something is going wrong. I'm planning to install a backend (like pushpoold) and use it for mining. I am doing some tests in these days, when it will be ready I will announce it here. Any advice is welcome.

If I were you I'd point all to p2pool with a high difficulty, like 1000 or even more, so that other lower hashing power p2pool miners are not too affected.

spiccioli

ps. You could also try to use http://hhtt.1209k.com/ which is PPS with a low fee when using high difficulty shares.

legendary
Activity: 1232
Merit: 1001
Hello. In my profile information "Equivalent hashing power" has no value. Is that normal?

For some reason this always only shows up when you refresh the side after a few minutes. Nothing to worry about.
sr. member
Activity: 389
Merit: 250
Looking forward to solo mining.  Less regular payouts but less fees, so should be better in the long run. Pyramiding isn't really set up for regular payments anyway so I don't see a downside.

Me too, and as I have to waint ~11 Month for full break eveny anyway variance shouldn't really matter on the long run.

Whoops, I was going to check the site and see what the current power was, and run that through tpbitcalc to get an idea of how much variance there would be over 10-12 months. But the site is down ATM. Here's hoping it's back up soon and I'm going to go make up some numbers and see how that works.

For a slightly better guess, I think pyramining mentioned being able to find a block around every three days solomining. As long as I'm not making that up, the variance would generally effect people with accounts larger than 100BTC, although the payouts would be the same (or better).

With a slightly fancier setup, it may be possible at that point to mine directly to the addresses for payout (though that would require the blocks to mature before spending and all that mess).

Edit: Back up!

Edit again:
Using the pool hash rate of 95.7 GH/s and current difficulty a block would be expected on average every 1.4 days source. So accounts above ~150BTC would notice larger payments less frequently. That seems workable to me at least, once it can be setup to the satisfaction of the pool operator being the last obstacle.
legendary
Activity: 1232
Merit: 1001
Looking forward to solo mining.  Less regular payouts but less fees, so should be better in the long run. Pyramiding isn't really set up for regular payments anyway so I don't see a downside.

Me too, and as I have to waint ~11 Month for full break eveny anyway variance shouldn't really matter on the long run.
hero member
Activity: 868
Merit: 500
Looking forward to solo mining.  Less regular payouts but less fees, so should be better in the long run. Pyramiding isn't really set up for regular payments anyway so I don't see a downside.
hero member
Activity: 501
Merit: 500
Actually ~ 80% of the hashing power is directed to abcpool, the 20% remaining is split between p2pool, ozcoin and btcguild.

Regarding solo mining I am planning to do it, but I am not convinced to point miners directly to bitcoind. There are almost no info about the progress and it would be harder to check if something is going wrong. I'm planning to install a backend (like pushpoold) and use it for mining. I am doing some tests in these days, when it will be ready I will announce it here. Any advice is welcome.
hero member
Activity: 868
Merit: 500
Good to know.  Have you made any decision about solo mining?
sr. member
Activity: 251
Merit: 250
I think, you splt the mining power to different miningfarms? what is whith the other?
hero member
Activity: 501
Merit: 500
The reason of no payouts:

https://bitcointalksearch.org/topic/m.1175455

You should expect bigger payouts in the next few days.
member
Activity: 118
Merit: 10
Nobody accepts bitcoin on the moon.
Maybe he has tried experimenting with solo mining for a few days like was suggested a few pages back in this thread?
sr. member
Activity: 389
Merit: 250
No rewards for the 9/9/12?  Cry

Something wrong?
Hopefully just delayed stats or switching more onto P2Pool (which has a slightly higher variance). Or there may have been a glitch in which case Pyramining will be gone for a while fixing it. Here's hoping it's the former (which means a larger payout later =D )
sr. member
Activity: 409
Merit: 251
Crypt'n Since 2011
No rewards for the 9/9/12?  Cry

Something wrong?
legendary
Activity: 1358
Merit: 1002
Dudes, stop with the link spamming. FFS.
hero member
Activity: 501
Merit: 500
If I get my reward faster then there is a financial incentive from finding a sponsor at the top of the pyramid.

Only first level is a bit faster, second and third aren't that much. And first levels got only 5% bonus, that's balancing it. You could achieve much faster rewards recruiting referrals. There are accounts that have been completed in 3 months and obtained extremely high bonuses.
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