http://www.pyramining.com/ - Discussion thread (no advertising here) - page 43.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: rdyoung on December 25, 2013, 12:01:13 PM

Quote from: ninjaboon on December 25, 2013, 04:12:42 AM

Quote from: rdyoung on December 25, 2013, 02:05:44 AM

Quote from: platti on December 24, 2013, 07:23:53 PM

why no rewards since december 20 ?

Likely because of the difficulty increases.
He said the current hardware could operate at a profit until the network hashrate hits 12phs.
We are bumping up against 10phs now. At the current rate of difficulty increase the current hardware will start operating at a loss in a few weeks. Hopefully the new hardware will show up middle of january like he said it will.

EDIT: Just checked and we got a payout not long ago.

Why not just mine PPC or TGC? better ROI.

For TGC, price is rising:
https://www.cryptsy.com/markets/view/130
https://coinex.pw/trade/tgc_btc

I answered this earlier in the thread.
He is setup to mine XBT, he needs an efficient way to convert from crypto to fiat, and XBT is the most fluid. It is the original Cryptocoin.
If he were to start mining another crypto, it would have be A) One that is most likely to have long term value, and B) Set it up as a side venture, rather than converting his current setup. Remember that our XBT Addresses are locked in, only pyra can change them, so its not possible to convert the current system to another coin.
And the ROI/XBT is fleeting. If you watch dustcoin.com you will see that some coins have a better ROI than XBT/LTC and then they have a worse ROI.

ok but I hope this will change in the near future.
pretty futile mining XBT in this crazy difficulty.
Bitcoin Difficulty: 1,180,923,195

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: ninjaboon on December 25, 2013, 04:12:42 AM

Quote from: rdyoung on December 25, 2013, 02:05:44 AM

Quote from: platti on December 24, 2013, 07:23:53 PM

why no rewards since december 20 ?

Likely because of the difficulty increases.
He said the current hardware could operate at a profit until the network hashrate hits 12phs.
We are bumping up against 10phs now. At the current rate of difficulty increase the current hardware will start operating at a loss in a few weeks. Hopefully the new hardware will show up middle of january like he said it will.

EDIT: Just checked and we got a payout not long ago.

Why not just mine PPC or TGC? better ROI.

For TGC, price is rising:
https://www.cryptsy.com/markets/view/130
https://coinex.pw/trade/tgc_btc

I answered this earlier in the thread.
He is setup to mine XBT, he needs an efficient way to convert from crypto to fiat, and XBT is the most fluid. It is the original Cryptocoin.
If he were to start mining another crypto, it would have be A) One that is most likely to have long term value, and B) Set it up as a side venture, rather than converting his current setup. Remember that our XBT Addresses are locked in, only pyra can change them, so its not possible to convert the current system to another coin.
And the ROI/XBT is fleeting. If you watch dustcoin.com you will see that some coins have a better ROI than XBT/LTC and then they have a worse ROI.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: rdyoung on December 25, 2013, 02:05:44 AM

Quote from: platti on December 24, 2013, 07:23:53 PM

why no rewards since december 20 ?

Likely because of the difficulty increases.
He said the current hardware could operate at a profit until the network hashrate hits 12phs.
We are bumping up against 10phs now. At the current rate of difficulty increase the current hardware will start operating at a loss in a few weeks. Hopefully the new hardware will show up middle of january like he said it will.

EDIT: Just checked and we got a payout not long ago.

Why not just mine PPC or TGC? better ROI.

For TGC, price is rising:
https://www.cryptsy.com/markets/view/130
https://coinex.pw/trade/tgc_btc

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: platti on December 24, 2013, 07:23:53 PM

why no rewards since december 20 ?

Likely because of the difficulty increases.
He said the current hardware could operate at a profit until the network hashrate hits 12phs.
We are bumping up against 10phs now. At the current rate of difficulty increase the current hardware will start operating at a loss in a few weeks. Hopefully the new hardware will show up middle of january like he said it will.

EDIT: Just checked and we got a payout not long ago.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: jargoman on December 24, 2013, 08:28:39 PM

I just had an interesting thought, since pyramining is dependent on new deposits to keep up with rising difficulty, you could go as far as to say that the past scam accusations killed pyramining by discouraging new deposits.

You can check the blockchain to verify that he is mining for rewards, therefore any scam accusations are wholly without merit.
While the first round of asics were brought way way behind schedule, they were brought online. And he has a second round of hardware coming. IF he can get ahead of the difficulty curve and stay there, there will likely be a huge influx of new investments.

ingrownpocket

legendary

Activity: 952

Merit: 1000

Quote from: jargoman on December 24, 2013, 08:28:39 PM

I just had an interesting thought, since pyramining is dependent on new deposits to keep up with rising difficulty, you could go as far as to say that the past scam accusations killed pyramining by discouraging new deposits.

What scam accusations?

jargoman

member

Activity: 68

Merit: 10

I just had an interesting thought, since pyramining is dependent on new deposits to keep up with rising difficulty, you could go as far as to say that the past scam accusations killed pyramining by discouraging new deposits.

platti

sr. member

Activity: 251

Merit: 250

why no rewards since december 20 ?

thebitboy

newbie

Activity: 25

Merit: 0

Quote from: rdyoung on December 15, 2013, 01:53:02 PM

Quote from: thebitboy on December 15, 2013, 11:31:40 AM

Quote from: rigel on December 14, 2013, 03:10:53 PM

Quote from: thebitboy on December 14, 2013, 12:43:53 PM

How can I calculate when I'll get my complete reward based? I suppose it is based on my 'Eq. hasing power', right? If I have 500MH/s or 1GH/s in two different accounts, the first one is going to take the double time than the latter?

Probably not.
The second account has more hasing power but a higher capital to reward.
So reward time probably will be the same if you created both in the same period.

This reward time depends on future investments and difficulty increase.

So it's impossible to get even an estimate?

Ok, Here are some estimates based on difficulty increases.
For these estimates I am going to assume he brings on 50THs of hardware.
That in theory should bring us up to approximately 2.9ghs/xbt
a 30% increase puts the ROI @ 2750 days
a 20% increase puts the ROI @ 1833 days

If he brings on 100ths, you can split these in half. 250ths, By 5, etc.
We have no way of knowing exactly how much he hardware he is bringing online unless he chooses to tell us, he also signed an NDA with the producer, so he isn't likely to give us much info.
I read that cointerra's 28nm is 500GHs per chip, if the chips he is buying are close to that he will be able to bring online a lot of power very quickly. And hopefully get ahead of the difficulty curve once and for all and stay there.

Again, this doesn't take into account many other factors. So please don't take my #s as gospel, they are for fun only.

Thanks a lot for your answer. Indeed, this is a lot of fun Wink

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: thebitboy on December 15, 2013, 11:31:40 AM

Quote from: rigel on December 14, 2013, 03:10:53 PM

Quote from: thebitboy on December 14, 2013, 12:43:53 PM

How can I calculate when I'll get my complete reward based? I suppose it is based on my 'Eq. hasing power', right? If I have 500MH/s or 1GH/s in two different accounts, the first one is going to take the double time than the latter?

Probably not.
The second account has more hasing power but a higher capital to reward.
So reward time probably will be the same if you created both in the same period.

This reward time depends on future investments and difficulty increase.

So it's impossible to get even an estimate?

Ok, Here are some estimates based on difficulty increases.
For these estimates I am going to assume he brings on 50THs of hardware.
That in theory should bring us up to approximately 2.9ghs/xbt
a 30% increase puts the ROI @ 2750 days
a 20% increase puts the ROI @ 1833 days

If he brings on 100ths, you can split these in half. 250ths, By 5, etc.
We have no way of knowing exactly how much he hardware he is bringing online unless he chooses to tell us, he also signed an NDA with the producer, so he isn't likely to give us much info.
I read that cointerra's 28nm is 500GHs per chip, if the chips he is buying are close to that he will be able to bring online a lot of power very quickly. And hopefully get ahead of the difficulty curve once and for all and stay there.

Again, this doesn't take into account many other factors. So please don't take my #s as gospel, they are for fun only.

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: rdyoung on December 03, 2013, 05:30:00 PM

Quote from: gweedo on December 03, 2013, 03:58:22 PM

Quote from: rdyoung on December 03, 2013, 03:46:50 PM

Quote from: DeathPenguin on December 02, 2013, 10:35:02 PM

Is there a way to get my Btc back that I deposited? I want to take back my .02~ because it will never make anything

NO, can you not read the thread? This question is asked a lot. This thread is for announcements and other important things not asking for your money back.

Why the attitude?
The thread is now 107 pages long, its not easy to find the answer your looking for in that many posts.

It is called google search, very easy, and it is also on the pyramining website, no need to be asked here, now troll buzz away.

Me a troll??
Wow, what English did you learn in school? Your definitions are all confused and backwards...

Your being off-topic so if you want to attack my English open a new thread or pm me but I will discuss it here.

Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 43. (Read 318060 times)