http://www.pyramining.com/ - Discussion thread (no advertising here) - page 149.

Raoul Duke

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Quote from: finkleshnorts on May 11, 2012, 08:54:06 AM

I do have some questions:

If I join without a referral, even though I make less in the end, won't I get a faster payout if nothing is going upstream?

What if I join without referral with a 0.01 join fee, refer myself once (or three times with 0.01) and then deposit a bunch? Technically isn't that the most profitable way of using the system?

I joined under Psy, then I went three referrals down and did ^that. Is Psy or whoever's above him seeing $ from that account (does money go up past three levels)?

You're also not seeing any money from those accounts either, unless they somehow manage to reach at least 1 BTC of reward, which I doubt they will if you only deposit 0.01 BTC in them Cheesy

You should've just played the game like it was supposed to be played Wink

finkleshnorts

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Activity: 336

Merit: 250

I do have some questions:

If I join without a referral, even though I make less in the end, won't I get a faster payout if nothing is going upstream?

What if I join without referral with a 0.01 join fee, refer myself once (or three times with 0.01) and then deposit a bunch? Technically isn't that the most profitable way of using the system?

I joined under Psy, then I went three referrals down and did ^that. Is Psy or whoever's above him seeing $ from that account (does money go up past three levels)?

finkleshnorts

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deepbit better look out Tongue

pyramining

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Activity: 501

Merit: 500

Quote from: ?? on ??

So, how much actual hashing power do you have currently?

25GH/s operational.

Quote from: ?? on ??

How much of that is allocated to this project?

Now it's 16.9GH/s

Quote from: ?? on ??

How long will it take you to bring more power on line?

I have already several orders open, already placed for my mining operations, but I can dedicate them to Pyramining. As I explained in a previous post, there are 10GH/s in delivery for this month and 120GH/s by July. I think that these numbers could fulfill Pyraminings needs.

If more hashing power is needed, I can obtain it in ~ 2 months.

I didn't expect so much success, if demand will exceed available hash rate by too much, in the worst case I will have to suspend new subscriptions for a while. Anyway I am doing my best to fulfill all the requests.

pyramining

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Quote from: Raoul Duke on May 11, 2012, 08:03:07 AM

Pyramining will end up allocating the 25GH/s by the end of the week lol

Yes indeed, 25GH/s is what I have immediately available. I already placed new orders for hardware, I will add 10GH/s before the end of the month and 120GH/s by July, and I will keep updating quantities proportionally to demand.

Raoul Duke

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Activity: 1358

Merit: 1002

Quote from: ?? on ??

How much hashing power do you have? What are you going to do if you run out? I assume at some point all of your current hashing power will be allocated to this project and you will then have to go out an buy more. Once that happens there will be a delay as more hashing power is brought on line.

So, how much actual hashing power do you have currently?
How much of that is allocated to this project?
How long will it take you to bring more power on line?

25GH/s that what he have.
Currently half of it is allocated to the project, but more will be soon because one large deposit was just made, so maybe 15 GH/s allocated.

These are simple pointers that were already answered on this and other thread on the newbies forum.
I'm sure pyramining will give you exact numbers Wink

Raoul Duke

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Quote from: pyramining on May 11, 2012, 08:07:55 AM

Indeed... if you deposit a little amount and your referral something much bigger, it can happen. Psy you have been very lucky!

Not as lucky as you, seeing as you already raised aproximately 3000BTC in 24hrs that will allow you to expand your mining OP Wink

finkleshnorts

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..... http://pyramining.com/referral/am3cybqkt !!!!!!!!!!!!

pyramining

hero member

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Indeed... if you deposit a little amount and your referral something much bigger, it can happen. Psy you have been very lucky!

Raoul Duke

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Activity: 1358

Merit: 1002

Quote from: finkleshnorts on May 11, 2012, 08:00:51 AM

Psy, 70000 percent? where the heck are you recruit these numbers? I picked up a couple on reddit.

Here on the forum Wink

And make that 114549.6% lol
But don't let those numbers impress you. I deposited very little so far, and all that % comes from the guy who deposited a Join fee of 2000BTC so far Tongue

Seeing as he started with a 50 BTC deposit... things can only get better.
Pyramining will end up allocating the 25GH/s by the end of the week lol

finkleshnorts

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Activity: 336

Merit: 250

Psy, 70000 percent? where the heck are you recruit these numbers? I picked up a couple on reddit.

pyramining

hero member

Activity: 501

Merit: 500

11.2GH/s allocated.

pyramining

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Activity: 501

Merit: 500

Quote from: Sukrim on May 11, 2012, 05:50:39 AM

So let's say, there are 50 BTC deposited:

A has 40 BTC,
B deposited 9 BTC and
C only 1 BTC
(no sponsors etc. for simplicity)

You mine 1 BTC.

A gets 0.8 BTC
B gets 0.18 BTC
C gets 0.02 BTC
(in reality each -30% usually, unless there is no sponsor in the upper levels with any deposit)

^^^
Is this correct?

Yes, exactly. Mined bitcoins are split in this way. 30% goes upstream, and you further receive from downstream accounts. 30% of downstream income goes to active upstream (if there are any).

pyramining

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Activity: 501

Merit: 500

7.1GH/s allocated to Pyramining!

Sukrim

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Quote from: pyramining on May 11, 2012, 05:21:04 AM

It is weighted by deposit. I works exactly like this:

Every income generated by mining get split proportionally to the amount deposited. 30% of the income goes to sponsors. You get 15% of every direct referral income and 7,5% of 2nd and 3rd level referrals' income.

So let's say, there are 50 BTC deposited:

A has 40 BTC,
B deposited 9 BTC and
C only 1 BTC
(no sponsors etc. for simplicity)

You mine 1 BTC.

A gets 0.8 BTC
B gets 0.18 BTC
C gets 0.02 BTC
(in reality each -30% usually, unless there is no sponsor in the upper levels with any deposit)

^^^
Is this correct?

pyramining

hero member

Activity: 501

Merit: 500

Quote from: Raoul Duke on May 11, 2012, 04:49:53 AM

You should put more stats, like rewards distributed and such.

I am working on this.

Quote from: Raoul Duke on May 11, 2012, 04:49:53 AM

Quote

Last update: 2012-05-10 19:16:05 UTC

^^ Is that normal?

The "update" attribute changes when the account status gets updated (for example: upon receiving funds or when rewards get assigned).

Raoul Duke

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Activity: 1358

Merit: 1002

Quote from: pyramining on May 11, 2012, 05:21:04 AM

Quote from: Sukrim on May 11, 2012, 04:49:14 AM

How are incomes split up to the accounts? Oldest account, first paid? Every account the same? Weighed by deposit?

It is weighted by deposit. I works exactly like this:

Every income generated by mining get split proportionally to the amount deposited. 30% of the income goes to sponsors. You get 15% of every direct referral income and 7,5% of 2nd and 3rd level referrals' income.

I think you should allocate more GH/s... Check your recent deposits lol

pyramining

hero member

Activity: 501

Merit: 500

Quote from: Sukrim on May 11, 2012, 04:49:14 AM

How are incomes split up to the accounts? Oldest account, first paid? Every account the same? Weighed by deposit?

It is weighted by deposit. I works exactly like this:

Every income generated by mining get split proportionally to the amount deposited. 30% of the income goes to sponsors. You get 15% of every direct referral income and 7,5% of 2nd and 3rd level referrals' income.

pyramining

hero member

Activity: 501

Merit: 500

5.5 GH/s allocated to pyramining now. :-)

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: pyramining on May 11, 2012, 04:30:58 AM

I just allocated a total of 3.9GH/s to Pyramining. I am going to add this statistic on the website.

You should put more stats, like rewards distributed and such.

Also

Quote

Last update: 2012-05-10 19:16:05 UTC

^^ Is that normal?

Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 149. (Read 318060 times)