True, why should i invest tons of Money to get only 10% out , after a period of maybe years ? It´s just made to make pyramining funders rich... better invest in a community mining Project here.
You forgot the link to "community mining Project".
Why are you bumping such vitriol?
Everyone mining is in the same boat with the insane difficulty increases.
The only way anyone could have kept up and continue keeping up would be to reinvest more than they are making from mining in new hardware. That isn't normal business practice. You can only throw so much money down the hole before you step back and reevaluate. Thats what pyra did, instead of buying more of the hardware he is currently running he chose to reach out to asic producers and cut a deal on the current best tech, rather than spend it on hardware that is being pushed out by the increases in difficulty.
To give people an idea of the changes in difficulty, when he first brought the current hardware online it was producing 35btc/day, now its producing 1.349btc/day. As I have posted before, the higher the difficulty and the larger the network gets, the growth will slowdown its a mathematical certainty. I can't say when, perhaps when we hit 25 or 50phs.
Yes, I do have something to gain from pyramining being successful I have a decent amount of bitcoins on deposit with him.
