Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 143. (Read 318060 times)
May 30, 2012, 07:12:49 PM
Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.
May 29, 2012, 01:11:54 PM
I would be very pleased if you use my link:
http://www.pyramining.com/referral/ge6x2df7p 2012-05-31 13:47:44 UTC still active
http://www.pyramining.com/referral/ah7p8qkgf 2012-05-27 08:54:44 UTC still active
http://www.pyramining.com/referral/g98z7kteh 2012-05-27 08:54:44 UTC still active
http://www.pyramining.com/referral/x7pymhkbe 2012-05-27 08:54:44 UTC still active
http://www.pyramining.com/referral/nfb3my8e2 2012-06-03 06:39:20 UTC still active
http://www.pyramining.com/referral/ge6x2df7p 2012-05-31 13:47:44 UTC still active
http://www.pyramining.com/referral/ah7p8qkgf 2012-05-27 08:54:44 UTC still active
http://www.pyramining.com/referral/g98z7kteh 2012-05-27 08:54:44 UTC still active
http://www.pyramining.com/referral/x7pymhkbe 2012-05-27 08:54:44 UTC still active
http://www.pyramining.com/referral/nfb3my8e2 2012-06-03 06:39:20 UTC still active
May 29, 2012, 08:18:03 AM
If you need additional signup links
http://pyramining.com/referral/p9nc4q6ef 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/ht96zqe7x 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/78ecnbq9y 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/dabrefx7g 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/bx3f4c8zp 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/p9nc4q6ef 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/ht96zqe7x 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/78ecnbq9y 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/dabrefx7g 2012-05-29 13:09:14 UTC still active
http://pyramining.com/referral/bx3f4c8zp 2012-05-29 13:09:14 UTC still active
May 28, 2012, 04:51:58 PM
What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?
I already discussed this (probably on the old forum post). Hardware will be kept working on Pyramining, until it fails. This is done in order to keep low break-even times even after the bounty for the mined blocks will halve, around the end of this year.
Note that Spartan6 FPGA working 100% of the time at these rates have an estimated lifespan of about 2 years. This policy allows to keep hardware infrastructure constantly updated. It should be profitable for the next 4 years, before another bounty halving will occour. However it's reasonable to expect new technologies by 2016, that are likely to be affordable thanks to this strategy.
May 28, 2012, 03:47:36 PM
Hello pyramining,
your website says "You can borrow hashing power...".
So let's assume I invest 100 BTC and the reward is 10%. You will use that 100 BTC to buy mining hardware. From my investors point of view I'll borrow about 700MH/s until this 700MH/s have mined 110 BTC, which will take about 10 month at current conditions.
What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?
your website says "You can borrow hashing power...".
So let's assume I invest 100 BTC and the reward is 10%. You will use that 100 BTC to buy mining hardware. From my investors point of view I'll borrow about 700MH/s until this 700MH/s have mined 110 BTC, which will take about 10 month at current conditions.
What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?
May 28, 2012, 09:31:08 AM
I just applied the changes
I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-)
Or maybe I should write a doc explaining these details.
Quote
Current infrastructure: 7.03 MH/BTC
New infrastructure: ~ 9.14 MH/BTC
New infrastructure: ~ 9.14 MH/BTC
I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-)
Or maybe I should write a doc explaining these details.
Thanks, much clearer now. I was wondering the same thing!
May 28, 2012, 08:21:52 AM
I just applied the changes
I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-)
Or maybe I should write a doc explaining these details.
Quote
Current infrastructure: 7.03 MH/BTC
New infrastructure: ~ 9.14 MH/BTC
New infrastructure: ~ 9.14 MH/BTC
I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-)
Or maybe I should write a doc explaining these details.
May 28, 2012, 05:09:27 AM
I am going to change the description from: "New deposits efficiency" to "New infrastructure efficiency", and add a line with the average (or current) infrastructure efficiency, so it should become more clear and transparent.
May 28, 2012, 04:58:49 AM
Yes, sorry, it was 9MH/s per BTC! I fixed it.
anyway, been noticing some discrepancies within the hashing rate calculation:
Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6?
Quote
New deposits efficiency: ~ 9.12 MH/BTC
Deposited amount: 11.15695248 BTC
Equivalent hashing power: 78.6MH/s
Deposited amount: 11.15695248 BTC
Equivalent hashing power: 78.6MH/s
Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6?
Maybe the description is not clear enough.
The parameter you see is the efficiency for new infrastructure. But there exist also older infrastructure that had higher costs. The "equivalent hashing power" is the average cost of the whole thing. When new deposits are made, and new infrastructure is added, the average cost drops, therefore your equivalent hashing power will grow over time.
The more infrastructure will be added, the more I will be able to optimize the production process, and everyone (also older accounts) will benefit from this. The most efficient price will be reached at ~60000 BTC invested. We are currently at ~ 28% of that target.
May 28, 2012, 04:35:19 AM
9GH/s per BTC
lolz, typo? ;0
anyway, been noticing some discrepancies within the hashing rate calculation:
Quote
New deposits efficiency: ~ 9.12 MH/BTC
Deposited amount: 11.15695248 BTC
Equivalent hashing power: 78.6MH/s
Deposited amount: 11.15695248 BTC
Equivalent hashing power: 78.6MH/s
Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6?
May 24, 2012, 11:36:57 PM
... and don't forget!
The Rock is an independent organization from Pyramining and is the only one insuring your investment at no cost for you (use of our referral is requested)
please read: https://www.therocktrading.com/news/454
The Rock operates since year 2007
Thank you!
The Rock is an independent organization from Pyramining and is the only one insuring your investment at no cost for you (use of our referral is requested)
please read: https://www.therocktrading.com/news/454
The Rock operates since year 2007
Thank you!
May 24, 2012, 02:36:14 PM
In the last few days I have been able to make some new (and better) deals with hardware components suppliers. I am making a lot of efforts to find every possible way to get lower infrastructure costs. At current conditions, new hardware costs around 112 / 113 BTC every GH/s. It means almost 9MH/s per BTC (or 1.75MH/$, or 0,57$/MH). I don't know if there is any more profitable mining investments out there. ;-)
Also note that even existing accounts will benefit from this: when new funds are deposited (and new hardware acquired) the average hashing power cost gets smaller, and the "equivalent hashing power" of each account will increase.
I am estimating that when we will reach a total of 60000 BTC as deposited funds, infrastructure costs will drop below 100 BTC / GH/s. Complete rewards will take less than 5 months (probably 4), and after the solved block's reward will halve, it will be still less than 9 months.
I hope to gain your trust so we can reach this target. Pyramining will become an extremely interesting investment tool for everyone.
Also note that even existing accounts will benefit from this: when new funds are deposited (and new hardware acquired) the average hashing power cost gets smaller, and the "equivalent hashing power" of each account will increase.
I am estimating that when we will reach a total of 60000 BTC as deposited funds, infrastructure costs will drop below 100 BTC / GH/s. Complete rewards will take less than 5 months (probably 4), and after the solved block's reward will halve, it will be still less than 9 months.
I hope to gain your trust so we can reach this target. Pyramining will become an extremely interesting investment tool for everyone.
May 24, 2012, 11:40:07 AM
May 24, 2012, 11:38:11 AM
Why are there no rewards for the last 18hrs? You pointed all your hashing power to p2pool, or something else?
No, it's the PPS pool I am using that is having some toubles with their wallet. They say nothing has been lost, but they can't make the payment right now, we just have to wait for that to be fixed. Expect one bigger transaction when they are done. I checked pyramining credit and on the pool and it's growing normally.
One more thing, what does the Average bonus % mean?
It's the average reward of the whole operation. You begin to get rewards as soon as you start the account. Referrals may come later. Rewards are calculated on the _current_ bonus rate, which can change in time...
For example: if you start with 10% bonus and add other 10% bonus through referrals after a few months, when you already got 50% of rewards, your average reward at the end of the operation will be 15%.
Hope this is clear enough, in case just ask.
May 24, 2012, 11:24:09 AM
Why are there no rewards for the last 18hrs? You pointed all your hashing power to p2pool, or something else?
One more thing, what does the Average bonus % mean?
One more thing, what does the Average bonus % mean?
May 23, 2012, 11:22:01 AM
No, it is not possible: for security reasons, accounts can't be modified, therefore there is no way to modify a "payout address".
May 23, 2012, 09:52:15 AM
It is fine for me.
Thank you!
Thank you!
May 23, 2012, 09:47:46 AM
I support that. because if you just leave p2pool, then it's a downward spiral and soon it will be dead. It really needs more hashing power. Even you taking out 50% from there, like you did, was a bad thing, and probably hurted the profitability of the remaining 50% that stayed in p2pool.
Ofcourse i would like to be rewarded more often
Ofcourse i would like to be rewarded more often
May 23, 2012, 09:38:32 AM
Because of poor performances of P2Pool in the last two weeks, Pyramining rewards is slower than expected.
The most obvious solution would be to move miners to another pool. However since I like P2Pool concept and I see how much work is being done behind it, I am proposing another possibility, if you agree: keep at least 50% of hashing power on p2pool (as it is now) and as soon as next batch of hardware will arrive, I will dedicate 20GH/s of my personal mine to Pyramining at my expenses for the time needed in order to re-align rewards to the statistically expected rate.
What do you think about this? Do you find it a viable solution?
The most obvious solution would be to move miners to another pool. However since I like P2Pool concept and I see how much work is being done behind it, I am proposing another possibility, if you agree: keep at least 50% of hashing power on p2pool (as it is now) and as soon as next batch of hardware will arrive, I will dedicate 20GH/s of my personal mine to Pyramining at my expenses for the time needed in order to re-align rewards to the statistically expected rate.
What do you think about this? Do you find it a viable solution?
May 23, 2012, 02:05:08 AM
I had the same issue few times in the past. However, with a simply reload it works fine (Firefox is my browser)
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