Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 123. (Read 318060 times)

Help me to help you and use the following links:

http://pyramining.com/referral/pd394refh
http://pyramining.com/referral/zgq4y28he
http://pyramining.com/referral/mq6hbet24
http://pyramining.com/referral/deh4bc9pz
http://pyramining.com/referral/krd2b4ax9

Thank you !

Just to clarify any doubt: an account bonus depends on referrals' deposits. You can read these two posts that should explain it pretty well:

https://bitcointalksearch.org/topic/m.945134

and

https://bitcointalksearch.org/topic/m.964613

Hello

I have founded an investment fund for small investors in pyramining.
Launch Date on GLBSE is  2012-08-29 18:00:00 (22:00 UTC)

If you want to support me you can use one of the Reflinks  
 

More information on:

http://www.gerbitin.cwsurf.de/PYRA.html
https://glbse.com/asset/view/GERBITIN.PYRA
https://bitcointalksearch.org/topic/glbse-gerbitinpyra-investing-in-pyraminingcom-101605

Thank you

http://pyramining.com/referral/nqc6394sr   2012-08-17 09:22:31 UTC   still active
http://pyramining.com/referral/sn2k7b6pr   2012-08-17 08:32:53 UTC   still active
http://pyramining.com/referral/g294baqcd   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/sga36ryzm   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/4qxaz6kfd   2012-08-13 02:30:09 UTC   still active

Agreed.  My understanding is that now you have to join by a referal link.

So you will get a minimum of 10% bonus on your deposit.

The referal link you applied through will get the bonus amount (15% or 7.5%) but this is only a potion of your share of the mining, up to their maximum (ie they complete their investment quicker).

Additionally, the person whose referal link you clicked recieves an additional bonus (their bonus will be increased from 10% to 12% for example) however, this is the part that seems to make you the biggest bonus and the part I understand the least.  I believe this depends upon the amount that the individual deposits, which does make sense.

Not a clear post I agree but unfortunately wine has got in the way!

But the reason people advertise referral links as giving a 10% bonus and have them actually get clicked is because the bonus goes to the user who uses the link. Of course, the referrer gets a bonus too, hence the incentive to post them; however, the size of this bonus depends on how much BTC the referred user deposits. I don't think it could realistically work any other way.

As far as I know the bonus amount for referals only applies to those directly recruited (ie one level down).

Therefore, the main account (the one with 10 BTC) will be earning a bonus to the account above (with virtually nothing in it).

I agree that this method will mean that your higher level accounts will complete quicker (but when they are complete the bonus is kicked further up), so I do not see the benefit of this. 

I would need to work through some more examples before I could agree or disagree though!

This analysis makes me feel a bit silly for having put all of my 30 BTC into one account using a referral link from this forum.  Ah well, maybe I will get lucky and a nice person will click one of my links...

Just throwing this out there. If I missed anything, please point it out instead of flaming. I was a bit confused by the FAQ, so there's quite a possibility I overlooked something.

Assuming one maximizes his or her rewards by signing up with a referral, depositing a minimal balance, signing up for another account via referral to the user's first one and depositing another minimal amount, doing this again for a third account, and finally signing up for a primary account with the referral from the second and depositing the funds to invest, he or she will end with roughly a 40% bonus (if one bitcent is in each of the first two accounts, the total bonus is 40% minus 0.003 from the first account and 0.0015 each from the second and third; so, only 0.006 BTC are "lost" in this case.) No two deposit addresses for these accounts are the same; in fact, this would give a net loss compared to waiting for the complete reward on all three, as more would be sent up to accounts that are not property of the user.

The 40% bonus is calculated as follows:
1. 10% comes from signing up with a referral (to the third account.)
2. 30% of the total income (without the 10% bonus, so as to keep it at 10%) is sent upwards to the first two accounts and the mostly irrelevant referral account.
3. If that 30% is "lost" (sent to other users,) only the 10% bonus is gained.
4. Account 3 gets 15% of the deposited BTC. Accounts 2 and 1 get the other 15%.
5. The first three accounts gain small amounts which give minimal BTC to the original referral. This negligibly decreases the 30% bonus assuming a reasonable amount is deposited to the main account.

Let's assume one deposits 10 BTC to the main account. A total of 1 BTC is gained on that alone. On the remaining three, one will gain 1.5 BTC, and the other two will gain 0.75 BTC. 4 BTC is netted.

The reward time is now roughly 1 year. This means 40% is gained per year, based on my calculations. This equates to about 0.649% per week, compounded. Compared to other investments it doesn't look like much. The main reason for using PyraMining would be for the reliability of the use of mining.

Your site still shows the old number > Total hashing power:   82.8GH/s.
But since I like your idea, I've added some btc to my profile.

http://www.pyramining.com/referral/dapz37fnk    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/x36akt9ec    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/k7f38esrd    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/mb4xphqtc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/cra4gdn6f    2012-08-24 21:26:30 UTC    still active

http://www.pyramining.com/referral/dapz37fnk    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/x36akt9ec    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/k7f38esrd    2012-08-25 07:23:02 UTC    still active
http://www.pyramining.com/referral/mb4xphqtc    2012-08-24 21:26:30 UTC    still active
http://www.pyramining.com/referral/cra4gdn6f    2012-08-24 21:26:30 UTC    still active

120Gh of infrastructure were added, but it's allocated to Pyramining at every deposit made. I anticipated the funds to buy it, and I'm using the exceeding power to mine for my own. Anyway this infrastructure is ready to mine for Pyramining when deposits are made.

As already explained, the 8.9 MH/BTC is the average cost of the existing infrastructure. It's increased with time because it is an average of all the allocated hardware. New infrastructure is currently added at 11.21 MH/BTC.

The cost of the new infrastructure is proportional to the value of Bitcoin at that time. New infrastructure were at 17MH/BTC when Bitcoin value was close to 13 EUR, now that the value decreased, also the new infrastructure cost has changed.

It is correct. Total referrals are account created using your as a sponsor, while active referrals are accounts where someone deposited any amount and that has not completely rewarded yet.


Bonus increases immediately on every deposit made by any referral, in proportion to your amount and the amount deposited by them. Read back in the thread, it's already explained in details.
[/quote]


Bug or Bus? :-)

So I finally went through and read the whole thread.  I notice a little while ago everyone got all excited that 120Gh were added and that we were at 17mh/btc, but now the total seems to be 82gh and 8.9mh/Btc.

What happened?

I just joined pyramining using one of the links I found here...  Help a newbie out and pick one of mine!

http://pyramining.com/referral/nqc6394sr   2012-08-17 09:22:31 UTC   still active
http://pyramining.com/referral/sn2k7b6pr   2012-08-17 08:32:53 UTC   still active
http://pyramining.com/referral/g294baqcd   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/sga36ryzm   2012-08-13 02:30:09 UTC   still active
http://pyramining.com/referral/4qxaz6kfd   2012-08-13 02:30:09 UTC   still active

sign up PM me if you use one of my referals and get 1m free D3 gold.