Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 139. (Read 318060 times)

Thumbs up for the green power!

In which country this pyramining is having it's equipment at?

-fankih-

Thank you for using my links!

http://www.pyramining.com/referral/3p26hbemn
http://www.pyramining.com/referral/94rqe7sy2
http://www.pyramining.com/referral/ey36cgd9m
http://www.pyramining.com/referral/2hyqr834e

All I can say is That is inspiring! ))

I don't know if it's worth to mention, but on the roof of the facility that hosts Pyramining there is a PV plant (PhotoVoltaic) of 70KWp, producing a bit more than 60000 kW/h per year . It has been installed previously for other reasons, and doesn't feed equipment directly but injects power into the grid. Pyramining is consuming actually ~25000 kW/h per year, and the whole infrastructure (that exists beside Pyramining) is still under 60000 kW/h per year, so actually I can say it's running on green power.

http://pics.agaland.it/~pyramining/photo/photo_thumb.php?dir=505620706c616e74

It's password protected, password is:   sunpower!

If Pyramining will keep growing at this pace, this plant will not be enough to support it completely. In order to prevent pollution, I will take actions to expand it by installing PV cells over other buildings. I can't guarantee that Pyramining will always run only on green power, but I will do my best efforts to try.

it's something I have considered, but it requires a tool to verify emails (in order to not abuse the feature for sending trash mail to a victim, investing 0.00001 BTC per account), and for sure someone will change his email account / lose his password / anything, and if there is not a way to modify it, I am sure I will receive requests to do it manually...

Perhaps be able to log into our account and set an email address for notification? (since we can't change anything anyways, I don't see a risk to this)

Then, if there is an issue with one of our accounts, you know how to get a hold of the person linked to that account, and if one of our referral codes gets used, we could get a notification of that too, and can cross it off of our list?

-- Smoov

Ok, cool. your reasoning is to my liking

Pointing new miners to a Pyramining address is not much work. Last week I had to upgrade the server and I caused at least 20 minutes of down-time (only to the web interface, mining equipment was working correctly).


I intentionally designed links to expire. There are several reasons for this, for example, it wouldn't be nice if someone posts a link in a "lucky" place that comes out as the first link on a google search: he would get a lot of referrals while others not. Another reason is that it would be a waste of resources if someone posts a link somewhere, his account gets completely rewarded (and then inactive until he deposits again) and he still keeps getting referrals without gaining anything from them due to the "inactive" status of his account. I think that this way is better, everyone has to actively "grow" his referrals portfolio, keeping an eye open on what happens.

Just wanted to say it's incredible to be able to see the changes to infrastructure happen in one day with no interruption to the service. Way to go pyramining!

Also, pyramining, I had a question about referral links: is there a chance that an account could have just one link, that unlimited amount of investors could join through? Or is this something that you intentionally designed like this to prevent abuse?

I think you mentioned that for now funds are just added up when deposited, but in the future when new funds are deposited they will be put into a separate (parallel) account. How would that work? And if I intend to reinvest part or all of my pyramining payouts back into my accounts, will it be practical to do with the new infrastructure or will it be better to deposit larger amounts?



Here are my links:
http://www.pyramining.com/referral/ckmszqaxy    2012-06-04 19:33:04 UTC    2012-06-10 13:53:47 UTC
http://www.pyramining.com/referral/eksc9g4qz
http://www.pyramining.com/referral/c3mta9enr
http://www.pyramining.com/referral/zck9qnr72
http://www.pyramining.com/referral/zdq7kn4x3
http://www.pyramining.com/referral/q9aetd8np


P.S.: the person who joined through my link is welcome to PM me about the avatar I mentioned in an earlier post

The same time needed to repay 0.1, 10 or 1000 BTC, which is currently estimated in 8 months (9 considering your bonus).

If you find some referrals, the time needed becomes shorter.

If someone deposits 1BTC how long will it take for them to be repaid?

I have seen pictures of the mining setup. I already trusted this service anyway, and have already received several payouts. I definitely recommend this service.

Just made a deposit, hopefully I'll get some referrals to increase it 

Use these links to get a 10% reward instead of 5% 
http://www.pyramining.com/referral/s3qyte4h2
http://www.pyramining.com/referral/ctpkshdem
http://www.pyramining.com/referral/aq4drfygh
http://www.pyramining.com/referral/hxsdg6bqf
http://www.pyramining.com/referral/cegdksabt

..... and soon I'll make another stop to look at all the new equipment!   

I didn't do it until now only because I don't want to give hints to competitors :-)

It took me a lot of resources to design everything, including the 3U rack case, 400mm deep, with 48 FPGA units stuffed in and efficient cooling and that doesn't cost like a Ferrari.

I am talking of detailed pictures with open cases. If I make small pictures of the rack units, it doesn't prove anything, it would look like router / server equipment.

Eliale visited my company and he has seen it directly.

I am not sure about publishing them online, but at the same time I don't want it to be a mystery.

I am thinking about a solution, like:

- Showing pictures to an existing member who I can trust, who will be a testimonial for others.
It may be someone who joined earlier, who already posted on this topic, and that you  can trust too.

- Allowing access to pictures only to serious investors (for example, with a deposit of at least 1000 BTC).
It's fair to show the infrastructure to someone that trusts and invest in this project, also to reassure him about where his money has been spent. And they could be testimonial for others, too.

- Any other proposal made by someone of you, which I find reasonable.

What do you think?

Pyramining, can you upload photos of  mining hardware to the forum?

Thank you pyramining for all the clarifications, your support has been very helpful. As a sign for my appreciation I have just made a large deposit as I really think that your business plan is rock solid and deserves greater visibility.

Here I provide my referral codes to any investor that wants to get a 10% bonus for his/her pyramining deposits:

http://www.pyramining.com/referral/zq46ysrfb    2012-08-30 22:22:48 UTC    still active
http://www.pyramining.com/referral/3agcxby82    2012-08-30 22:22:48 UTC    still active
http://www.pyramining.com/referral/eg9pfc8nt    2012-08-30 22:22:48 UTC    still active
http://www.pyramining.com/referral/qhksa2z3y    2012-09-08 15:02:09 UTC    still active
http://www.pyramining.com/referral/4tp6ymn92    2012-09-16 09:39:10 UTC    still active

These codes will expire as soon as someone uses them to join, so I will try to update this post from time to time to provide new ones.
In any case, do not hesitate to send me a private message if none of them seems to work for you and I will send you some more.

Thank you,
Victor Escudero.

Last update: 2013-05-16

In such an operation, what would it happen if hardware breaks? You need more than 2 years to break-even (considering only dividends, and a slight increase in difficulty, with bounty halved around December). The expected life of FPGA devices is about 2 years. How much value will your bonds retain???


It is not a ponzi scheme. Who joins though your account DOES NOT give you any money directly. It's Pyramining that rewards your commercial/marketing efforts with an increased bonus, that's made possible by the referred people investments in mining infrastructure. Your income (investment + bonus) comes ONLY from mining activity.

If you have any idea and/or find a way to bring new investments into this project, your rewards will be far more high than those on any bond out there. With other bonds you just have to wait passively and hoping that everything goes as planned.


With increased difficulty and halved bounty, added up to aging hardware, it's most likely that those kind of bonds will fall pretty much.

On the Pyramining side, you can notice that after last investments, expected break-even is 8 months and full reward 9.

The more people deposit/invest, the faster it gets. And when the bounty halve, it won't be a problem. Also new members/investments will buy fresh infrastructure that gets added up, at better and better prices (due to volume) and edge technology, so Pyramining is probably always the best investment available.

We design our infrastructure internally, so everytime economical conditions makes it possible, we improove it, using edge technology.

Last but not least, there are 3rd parties who offer you even some form of warranties (like The Rock does), giving an insurance on the capital invested (made possible by their increased revenue using them as sponsors), and on early quitting (buying your outstanding position).

I expect that many other services/warranties/ideas will come out when Pyramining gets better visibility (it has been started just 1 month ago).

With bonds your risks are definitely higher.

I have invested around 91 BTC. If I understood right, if I add around 9 BTC my results will grow up to 1 GH. Is that right?

P.S. Here is my referral links:
http://www.pyramining.com/referral/2fa8chtk7   2012-06-01 00:40:37 UTC   still active
http://www.pyramining.com/referral/dzmtxsh7r   2012-06-01 00:40:37 UTC   still active
http://www.pyramining.com/referral/seh3yqtam   2012-06-01 00:40:37 UTC   still active
http://www.pyramining.com/referral/4g3d6phbm   2012-06-01 00:40:37 UTC   still active
http://www.pyramining.com/referral/zbp48g6yd   2012-06-01 00:40:37 UTC   still active

Yeah, I think is 100% realistic but in my opinion there are at least two assumptions here that we should be aware of:

• zefir will upgrade his zeta-mining rigs with more efficient equipment, so his bonds will continue to be appreciated. The difficulty here is to asses how much impact will have the reduction in mining rewards from 50 coins to only 25 at the end of the year.
  
• Until recently, mining bonds have been the undisputed stars at GLBSE but as new ideas come to fruition they are loosing part of their appealing . For example, right now all the mining bonds prices have dropped in part because of the much attractive interest rates from riskier bonds such as those PPT bonds provided through pirate. If this trend could continue for such a long time (10 months), I am sure that a 40% drop in price is not only possible but also very likely.
  

What do you think?