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Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 131. (Read 318060 times)

legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
Heres some links. Smiley

http://pyramining.com/referral/2bsn7hqr4   2012-07-19 19:41:55 UTC   still active
http://pyramining.com/referral/tsk6dy2zn   2012-07-24 07:06:11 UTC   still active
http://pyramining.com/referral/rbyhm34ct   2012-07-03 03:48:47 UTC   still active
http://pyramining.com/referral/qeh6pb7y3   2012-07-10 16:07:59 UTC   still active
http://pyramining.com/referral/q2fakym9t   2012-06-27 23:37:26 UTC   still active
hero member
Activity: 838
Merit: 501
…. and remember, if someone wants to get out Pyramining for any reason, please contact us at:

info@ therocktrading.com

Thank you!  Wink


hero member
Activity: 501
Merit: 500
but as in the above post stated with costs per GH/s now halved , having taken in huge amounts of new investments ( care to put it in stats as well?)

Cost for the NEW hardware halved, so new hardware is added at the cost published on the site. Older hardware has been paid more.

An example (numbers are invented):

in May people deposited 1000 BTC with 5 MH/BTC = 5GH/s.
in June people deposited 1000 BTC with 10 MH/BTC = 10GH/s.

the result is that at the end of june there are 15GH/s that costed 2000 BTC, so current hardware is 7.5MH/BTC.

the then estimated time of 6 to 10 months should at least be halved as well:
to 3 to 5 months!

Times would be halved in two circumstances: 1) half of the accounts get completed. Hardware remains, hashing for the remaining half of the accounts. 2) Significatively large deposits (or lots of small ones) are made at the new price, in order to lower down the average MH/s per BTC.

Instead we need to be grateful that you add from your private hashing power that we can barely reach the ten months break even.....

I didn't ask anybody to be "grateful". It's just that for a several circumstances (P2Pool low performances in that period, shortage of infrastructure and so on) the last 6 weeks had very slow/little returns. In order to keep the ROI in time with the expected performances I find it correct by my side to offer temporarily more hashing power for free, so ROI will be not more than 9 months (instead of ~12, when it should have been 10).

As the referral system is a success cause we all invest beside the capital a bit of labor as advertising power too ,
the fruits should be evenly divided.

If you think that your advertising doesn't give you expected results, we can discuss about it and find a way to improove it. I have been busy building the new infrastructure in the past days, but now it's done, and I am open to new ideas and I am willing to evaluate any of them.

Am not feeling well off if break even time stays the same and am ashamed for having advertised 120Gh/s..................

I advertised 120GH/s of new infrastructure to let investors know that if they invest fairly big quantities of bitcoins, I have already at least that infrastructure available to be added in no-time.
zyk
full member
Activity: 224
Merit: 101

Am not feeling well off if break even time stays the same and am ashamed for having advertised 120Gh/s..................


I warned you to take it easy with th referral links and that your posts where just pushing hype. You decided to antagonize me instead of listening.
Now, deal with it.


Thats what am doing Wink :


http://www.pyramining.com/referral/cq634ksby


legendary
Activity: 1358
Merit: 1002

Am not feeling well off if break even time stays the same and am ashamed for having advertised 120Gh/s..................


I warned you to take it easy with th referral links and that your posts where just pushing hype. You decided to antagonize me instead of listening.
Now, deal with it.
zyk
full member
Activity: 224
Merit: 101
I was just telling you something you probably didn't knew: that you need to reach at least 1 BTC in rewards to get your money out.

If your reward is less than 1BTC, it gets paid out as soon as complete. If your expected reward is higher, you will get paid each time your balance goes over 1BTC.

Also, we may all be waiting 2 years or double that to get our full rewards back Wink

I can't tell exactly how much time is needed to get full rewards but a reasonable time is between 6 to 10 months.

In the FAQ section it is reported the current price per GH/s, actually is around 145 bitcoin. Do your math.


First, let me say that i find the whole site , idea and arrangement really beautiful and very well designed.
But the stats don´t add up....

Ok  sorry...i see, its six times a day payout right now....i thought of only four......then the time horizon should be better.....i appologize for exagerating,

but as in the above post stated with costs per GH/s now halved , having taken in huge amounts of new investments ( care to put it in stats as well?)

the then estimated time of 6 to 10 months should at least be halved as well:

to 3 to 5 months!

Instead we need to be grateful that you add from your private hashing power that we can barely reach the ten months break even.....

As the referral system is a success cause we all invest beside the capital a bit of labor as advertising power too ,

the fruits should be evenly divided.

Am not feeling well off if break even time stays the same and am ashamed for having advertised 120Gh/s..................


Cheers Zyk
hero member
Activity: 501
Merit: 500
now we got our new infrastructure and when you do your maths counting mining reward.....your break even- let alone bonustime...is pushed out to 2 years...

You made your calculations wrong. Please check them again. It's not possible that you get a 2 years breakeven.

by then the difficulty is reducing rewards, so its pushed out to another 2years....and so on ( therefore its called pyramining...pyramiding losses on investment capital:-)

Please don't write things that are not real.
hero member
Activity: 501
Merit: 500
7.96 MH/BTC and ~9 months for break even
Is that complete update?

7.96MH/BTC is the average performance, counting up old hardware and new hardware. Each new bitcoin deposited increases the total hashing power of  14.41 MH/s (actually) therefore increasing the average.

9 months for breakeven is a great result and a very short term. I don't think that any mining operation can obtain such high performances.

Actually there are 63.8GH/s officially allocated. In reality, I put another 80GH/s (temporarily, using my personal funds), in order recover from the initial period which have been too "slow" because of several causes. These extra 80GH/s will be removed in about 6 weeks and therefore are not displayed in statistics.

When other deposits are received, the 63.8GH/s increases, and they are allocated from the available hardware, which is around 100GH/s now, and it will be increased by other 120GH/s by september.
zyk
full member
Activity: 224
Merit: 101
Hy zyk,

I'm not a 100% shure that I'm gettig what you are trying to say.

But if I look at my payouts, they stay roughly the same (slightly decreasing though).

I think payramining mines into a wallet and when this wallet reaches a certain ammount it is distributed to all accounts, wich means you reward will go down with every new account opend, but the time from one reward to the next will decrease with new hardware added.

Kind Regards


Hi Akka,

now we got our new infrastructure and when you do your maths counting mining reward.....your break even- let alone bonustime...is pushed out
to 2 years...by then the difficulty is reducing rewards, so its pushed out to another 2years....and so on ( therefore its called pyramining...pyramiding losses on investment capital:-)

sure you´ll get it.....what i still need to get is where the barrel is leaking....and how to change this!

Cheers Zyk

full member
Activity: 121
Merit: 100
Awesome. Will this reduce the breakeven/complete reward times noticeably (they don't seem to have changed on the stats page)?
newbie
Activity: 11
Merit: 0
member
Activity: 69
Merit: 10
Thank you Pyramining, noticing extremely high payouts now! For any lucky souls reading this click on one of the following links to get started with 10% return on investment Wink

http://www.pyramining.com/referral/3nz2h7rpg
http://www.pyramining.com/referral/z9fh72gd6
http://www.pyramining.com/referral/84f6hzp3t
hero member
Activity: 501
Merit: 500
Update: the infrastructure update is complete!
hero member
Activity: 501
Merit: 500
Maybe it's worth to mention: if in the future it will happen that you see the website down, don't despair, I won't ever shut it down without notice. Just keep your breath and you'll see it coming up again a while later!
I think it's not worth it to spend money on a redundant web platform to keep the site up during maintenance, I find it's better to invest it into mining hardware and maximize profits!!! I will always try to keep downtimes as short as possible.
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