Good afternoon
I deposited .02 BTC into my Pyramining account the day before yesterday but it is still registered as being a queued deposit and not an active deposit. How long does it take for deposits to move from the queue and become active?
Thanks,
Cynthia
He has a new round of more efficient hardware coming. He has queued up all new deposits until that hardware starts coming online. Hopefully middle to late Jan.
Ah ok - thanks for letting me know. That's not such a bad thing. It'll give me time to get more BTC in there. Will we still be able to get in at the current share rate (.02 BTC / ea)?
You are not getting 1 GH of hashing for the 0.02 BTC.
I asked that that be removed from the pyramining page as it is misleading or downright deceptive.
You will get hashing according to the rate listed under CURRENT INFRASTRUCTURE (266 MH per BTC), not the 41GH per 1 BTC listed under NEW INFRASTRUCTURE.
I deposited 1 BTC a couple of months back and at the time NEW INFRASTRUCTURE listed a value of 1 GH per 0.3 BTC or thereabouts. Imagine my surprise when I got a lousy 266 MH for my BTC.
What the hell, a USB block erupter, that at the time cost less that $20 did more than that at a fraction of the cost.
To put it in perspective, you can buy 2 block erupter blades for 0.76 BTC, and get 20 GH.
Cheers
Art
This again has been hashed over and over again. Every deposit subsidizes those before it.
ALL deposits from the 1st gen of asics is subsidizing hardware purchases for the fpga investors.
As pyra has said, its lopsided now, but eventually it will turn to an advantage.
As long as he can get ahead of the difficulty curve, when the older deposits start getting purged out, we will see our hashrates climb.
Go back in the thread and you will see where a couple of us did the math to figure out exactly how things look.
That # is accurate, while a few other things could be worded better. That is what he is paying for new hardware.
And again, to each their own on mining. At the moment, it's not a good financial move to purchase mining equipment on your own. You need big money to keep up with the difficulty. I have decent money with pyramining as well as a few other such as cex.