Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 67. (Read 318060 times)

That deposit was over a year ago, and at the rate at which it is currently receive rewards it will take almost another year to hit .1.


Now I had assumed that the rewards would continue to gradually decrease for existing (old hardware) deposits, and that the addition of ASICs to the "pool" would only benefit those who had "pre-ordered" ASIC deposits. Are you saying that this is not entirely true?

Remember that I am still installing new ASICs, and earnings will become faster when all the infrastructure will be complete.

During this week, new installations have been slowed down a bit because companies are closed (summer holidays) and I am not receiving new assembled boards. In this period I took the chance to optimize the installation process, so in the next two-three weeks I should be able to activate all the queued deposits. Let's wait for the queue to be depleted, and then we can discuss about the payout times etc...

Rewarded amount:   0.07432509
Sent amount:   0.00000000

when rewarded amount hits 0.1 you will receive a payment


long story short It's taking long because of competition with other asics. Pyramining has asics but also many investors who paid for older hardware that is slowing down over all hash power.

http://www.pyramining.com/account/browse?id=8em49cdt

Will an account such as this ever see a payout?

Let me check if there's something wrong... however consider that in the past 2 / 3 days p2pool luck was not that high, while last week it was super lucky!

why its taking too much time and if I do some better invest is there any hope of short investment or all its ok taking long time

@ pyramining

why are the rewards so small?

Account label:   24bkya8p
Eq. hashing power:   3.9GH/s

rewards under 0.004 BTC per day

with 3.9 GHs i can mine about 0.06 BTC a day, that is more than 10 times more

Yes you can invest 0.2, you need a referral link http://www.pyramining.com/referral/p3qzykdth It might take a really long time to get your money back though with rising difficulty. It's a gamble investment, maybe with the new asic hardware and some users reinvesting funds things might turn around

I am reading and watching this for many days and now want to invest some in this and hope I have good result for daily payout can I invest 0.2btc

Here you can find more info and also an investment calculator.

LMAO thank you for your input on what bitcoin doesn't need and needs for credibility. One of the most creditable bitcoin mining operations.

If you read the FAQ you should find all the answers, anyway:

1) There is no minimum limit on deposits. However depositing less than 0.1 makes little sense. However everyone is free to deposit whatever they feel like.
2) The time for payout depends on several factors: a payout is generated every 0.1 BTC mined by your account. If you invest a big sum, you will receive payouts daily. If you invest less than 0.1 it will take a few months.
3) Currently the account will not be activated in realtime, I am installing a lot of infrastructure (you can see how long is the queue currently). However by the end of August the queue it should be empty. If you deposit now, chances are that your account will become active in ~ 3 weeks.
4) Complete payout time depends on many factors, the most important one is the bitcoin mining difficulty. However investing in pyramining should be less risky than buying your own devices because: a) in general it is cheaper (I say in general because in this period of ASIC transition, with all the producers that change prices daily, sometimes there may be better offers elsewhere) - b) as technology improoves, your borrowed hashing rate increases; at a little expense of smaller efficiency at the beginning, chances that you will profit investing in pyramining are higher than investing in your own equipment.

Keep in mind that despite all my efforts to keep things profitable and trying to manage everything at best, there are no warranties, so do not invest what you can't afford to lose.

There are third parties (like The Rock Trading) who offer a warranty on the deposits, links-pyramining and others who planned some initiatives, just read here in the thread or use google to find out.

I don't no about this pyramining and mining but still want to invest some what is minimum limit and what is minimum time for payout can you explain because i am just newbie in this field and want to in this field as investor and want to do some practically in future      REGARDS

It was a deposit made specifically for ASIC devices. They have been available only recently. For each of those "special" deposits there is a special treatment (an account with 50% of the deposit value, created as a referral, and financed by me) that will help depositors to breakeven faster and obtaining a better bonus. People who deposited specifically for ASIC technology were aware of a possible delay.

Well : Posted : Today at 02:19:57 AM

Where did you read 9 months?

Are you saying that it can take 9 months to get your deposit active ?

Why are you doing that people ?

You will see the "equivalent hashrate" increase a lot in the next days. Wait that also the other accounts will be activated! The equivalent hashrate will keep increasing with time, each time a new deposit is made. The hashrate added to the pool was not 735.29MH/BTC but the quantity of MH/s added at the time of the deposit. The 735.29MH/BTC parameter is to take in consideration for deposits that happen now.

I already explained this a lot of times. At beginning it may seem discomfortable, but this helps keeping all the accounts efficient and up to date, because the infrastructure ages with time. You will see that in the next months you will get more hashing power than the current "new infrastructure".

Finally, my deposit from 2012-11-22 went online. I deposited 1.00001111 BTC and I have equivalent hashrate of 74.11 MH/s. When hashrate will grow to higher, decent number (on website it shows as "New infrastructure:   ~ 735.29 MH/BTC"). Thanks.

Hello Nono, your case was a mistake, you should be having the 3.67 GH/s (as soon as the queue is finished) as the infrastructure you bought is ASIC. However 30% of that hashing power goes to your sponsors, don't forget that

As I understand the whole network isn't shared, meaning that people who add bitcoins now don't give any hashing to anyone but their sponsors. However when an account is finished the hashing is spread out to the entire network. Right?