http://www.pyramining.com/ - Discussion thread (no advertising here) - page 48.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: rdyoung on November 23, 2013, 08:11:31 PM

Quote from: ninjaboon on November 23, 2013, 07:30:09 PM

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

It's not just 1% pa profit.
There's plenty of upside for the price of PPC (its only USD2 now and was only USD0.10 back in Jan 2013).
I'm seeing a lot of miners moving to PPC since its on SHA-256.
One particular miner will have 3TH for PPC mining in Dec 2013.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: ninjaboon on November 23, 2013, 07:30:09 PM

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

that would be way too much work on his end for an extra 1% profit. His backend is setup for bitcoin with our payout addresses locked in. He would have to manually edit every account.

I would rather see him implement merged mining to add a few extra %s of profit.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Was wondering if we can take on vote of whether to mine for PPC?

The PPC price has been steadily rising this few weeks and they now have a bunch of ambassadors going all out to promote it.
http://www.peercointalk.org/index.php?topic=1058.0;topicseen

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: inaltoasinistra on November 22, 2013, 03:37:57 AM

Quote from: BadBear on November 22, 2013, 02:52:26 AM

Quote from: rdyoung on November 21, 2013, 10:01:59 PM

Quote from: inaltoasinistra on November 21, 2013, 06:26:11 PM

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming

Something else to consider, there are at least 3 other sha256 coins that can not be merged mined. Its likely that some of the hardware thats been shipping from cointerra, knc and the rest are being pointed towards the altcoins.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: Su100 on November 23, 2013, 12:27:40 PM

I have just joined them today just as a test with 0.02 BTC.

After som 8 hours I see:

Brief account stats
Status
Active referrals:   0
Current bonus:   10.0%
Eq. hashing power:   0
Reward completion:   0%

Brief Pyramining stats
Investment estimations
Break even:   ~ 177 months
Complete reward:   ~ 195 months
Current infrastructure:   268.1 MH/BTC
New infrastructure:   ~ 43.7GH/s/BTC

Does this mean I get 0 hashing power?

Thanks for the answer in advance

Your deposit is queued until he starts receiving the new hardware.

Su100

full member

Activity: 135

Merit: 100

Business models change. Its the mindset that stays

I have just joined them today just as a test with 0.02 BTC.

After som 8 hours I see:

Brief account stats
Status
Active referrals:   0
Current bonus:   10.0%
Eq. hashing power:   0
Reward completion:   0%

Brief Pyramining stats
Investment estimations
Break even:   ~ 177 months
Complete reward:   ~ 195 months
Current infrastructure:   268.1 MH/BTC
New infrastructure:   ~ 43.7GH/s/BTC

Does this mean I get 0 hashing power?

Thanks for the answer in advance

Boelens

hero member

Activity: 672

Merit: 500

Is this still active and such? When will new hardware be deployed? I invested 0.2BTC a while ago back when it wasn't worth much to try it out, I regret it now.

Tittiez

hero member

Activity: 686

Merit: 500

So the New infrastructure shot up from the 20s to over 40GHs per btc.

Coin.Karma

full member

Activity: 189

Merit: 100

Hey all,

I am interested in selling of my pyramining accounts, if anyone is interested, we could work out a method which is suitable to all parties. Please visit the link for details about the accounts.

https://bitcointalksearch.org/topic/wts-pyramining-accounts-328654

you can place bids of what you think might be a fair price, considering all the aspects. Very early account, you can also deposit an really increase the % further. This is the last of my BTC online, I would like to take it offline.

thanks
karma

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: inaltoasinistra on November 22, 2013, 03:37:57 AM

Quote from: BadBear on November 22, 2013, 02:52:26 AM

Quote from: rdyoung on November 21, 2013, 10:01:59 PM

Quote from: inaltoasinistra on November 22, 2013, 03:37:57 AM

Quote from: BadBear on November 22, 2013, 02:52:26 AM

Quote from: rdyoung on November 21, 2013, 10:01:59 PM

Quote from: inaltoasinistra on November 21, 2013, 06:26:11 PM

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming

=topic=80845.msg3668972#msg3668972 date=1385076371]

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming
[/quote]

If your referring to 28nm, its already here. knc is using it if I am not mistaken and cointerra should already be shipping.
The larger the network gets the more hardware you need to push it higher.
You also have to account for the older hardware being turned off as they stop being profitable. It won't be a large impact but it will counter some of the increased hashing power.

inaltoasinistra

full member

Activity: 142

Merit: 104

Quote from: BadBear on November 22, 2013, 02:52:26 AM

Quote from: rdyoung on November 21, 2013, 10:01:59 PM

Quote from: inaltoasinistra on November 21, 2013, 06:26:11 PM

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

2nd generation ASICs is coming

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: BadBear on November 22, 2013, 02:52:26 AM

Quote from: rdyoung on November 21, 2013, 10:01:59 PM

Quote from: inaltoasinistra on November 21, 2013, 06:26:11 PM

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

Math to back this up?
So the network is going to grow exponentially without end?
How big will the network be in 6 months? 50PHS?? 100PHS?? 200PHS??

BadBear

legendary

Activity: 1652

Merit: 1128

Quote from: rdyoung on November 21, 2013, 10:01:59 PM

Quote from: inaltoasinistra on November 21, 2013, 06:26:11 PM

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

Not going to happen anytime soon. Investing in this is fail.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: inaltoasinistra on November 21, 2013, 06:26:11 PM

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

http://bitcoinwisdom.com/bitcoin/difficulty
True, its been going up like a bat out of hell, but it can't do that forever.
Last increase was 19.29% and its looking like the next one will be 20.xx% so cross your fingers that we are seeing it level off.

inaltoasinistra

full member

Activity: 142

Merit: 104

Quote from: Hamguy on November 21, 2013, 05:27:00 PM

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

Is not 14 years... Every months you must double this valuation

(until new hardware is ready)

Hamguy

newbie

Activity: 23

Merit: 0

Quote from: Nono242 on September 22, 2013, 07:41:11 AM

It is working for me. Queue size of 300H/s lol Grin

mine is 54.1MH/s at 2% complete
it says mine is going to take 177 months, thats 14 years! i cant wait 14 years for 140$ in bitcoins, is there a way to just quit.

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: specgamer on November 16, 2013, 03:03:40 PM

So right now I'll ask the question. Now with the (sort of) competitor, CEX.io, which one is more profitable? I'm thinking about invest some of my bitcoins, about 5 - 10 in one of these sites, which one do you guys suggest?

These things are very different, one is investing in the company and using a system to get others to invest into it. The other is a trading future contracts on mining. It depends, obviously CEX.io can be more profitable but it is more work. Pyramining does all the hard work for you, you just get the profits. Both depend on the difficulty.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: Aalesund on November 21, 2013, 04:32:42 AM

In pyramining.com I see: Next GH/s cost: 0.03 BTC
I have deposited amount: 0.01 BTC
Therefore, should I get a hashing power speed of 0.333 GH/s (333 MH/s)
But in my profile I see: Equivalent hashing power: 3.0 MH/s
There is a bug or GH/s price is not real?

Your looking at the new hardware cost. That's what he is paying for the next batch of hardware. The current infrastructure cost is what you need to look at.
Its not a bug. The asic investors are subsidizing the fpga investors, so things are a little lopsided. As the FPGA deposits are paid off things will swing back in our direction.

Aalesund

full member

Activity: 143

Merit: 100

In pyramining.com I see: Next GH/s cost: 0.03 BTC
I have deposited amount: 0.01 BTC
Therefore, should I get a hashing power speed of 0.333 GH/s (333 MH/s)
But in my profile I see: Equivalent hashing power: 3.0 MH/s
There is a bug or GH/s price is not real?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: easyMony on November 20, 2013, 07:36:38 PM

Quote from: rdyoung on November 17, 2013, 02:39:17 PM

Quote from: easyMony on November 17, 2013, 02:33:20 PM

There is some way to leave the system/site with investment and profits?

Regards

Pyra?
No, he converts all deposits to cash to buy hardware.
There is no withdrawal option.

Ok with the deposits then...and the profits?

You will get paid in .10btc increments as your account earns it until you've been paid the 110% of your deposits.
There is no withdrawal, you will get paid when you hit .10btc in accumulated earnings.

Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 48. (Read 318060 times)