Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 72. (Read 318060 times)

Changes are not effective, yet!

Wish I made a few more deposits sooner... Not really sure how the old way was at all 'un' fair as everybody could do the same thing anybody else could do. ...dunno...just playing devils advocate really

I am thinking about improoving slightly the rules, to make pyramining more fair for everyone.

Now people tend to create an account with small deposits under a sponsor, and some other accounts under the first one with larger deposits. In this way, the effort of the sponsor, for advertising and getting referrals, leads to small advantages/rewards for him.

The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

These changes affect only new deposits. Past deposits are unchanged and will keep the same behaviour as before.

Comments are welcome.

The queue dropped today and so did the completion time. Things might be looking up again.

That's what I wanted to hear. Thanks. Now I am waiting for promised photos:) Would be nice to see FPGA farm as well.

Regards
Lenny

thx pyra for the info,

hm so where are the old pics of the FPGAs available , would really like to see them.

br

I increased the threshold to 0.1 BTC. I thought I posted it on the thread but it seems I forgot it. Sorry!

I will make some pictures available in the near future as I did with FPGA equipment. And... BFL? Do you think I am so crazy, risking your funds with a such unreliable company? I should put a "BFL free" logo on the home page! :-)

Question:
Can we see photo of your hardware?
I am curious that you really not lying about and have your own designed hardware or just simply running BFL other manufacturer devices.

It's not a fair comparison. You need to add the cost of the host to run an Erupter. And then you should add your internet connectivity cost. And probably something for cooling it down since as I can read through the forum you can cook on them. Then, if you buy many of them you should also add the cost of hubs, power supplies, and something to fix them on. At the end you will see that it will not be 560MH/BTC anymore. Plus, when difficulty increases and they stop to be effective, you can't do nothing. There are people who paid 2 BTC for one of those things, and one month later they sell it at 0.6... not very serious. If your miner breaks up (and it happens more often than you think) your earnings stop with it. Here instead your hashing power is updated while Pyramining grows, and no account will remain unpaid.

All these words to tell that if you want to do comparisons, do it in the right way, and not considering only the appearance.

Finally there is still a lot of room for improovement, and we will not be out of competition easily, for example, now I'm running the first version, made in a hurry, I already planned a new revision of the hardware, which hosts more chips on a single board reducing overall costs by far, and it will be available in the near future. However, should anything more efficient appear on the market (not pre-orders!!), we can always switch to that.

Keep it going with increasing your hashrate and lowering costs.
USB Erupters now in sale on BTCGuild are priced at 0.6 BTC/unit (560MH/BTC). And queue is only couple of days, not 2 TH like you have.

Even if this doesn't apply to internet security, I like this statement and I agree with you.

In other situations I would not do it, however the Bitcoin world is our ideal place, let's try to keep it ideal on every point of view. As soon as there will be both servers up and running and after studying firewall policies, I will make them public.

Updated the current price of the infrastructure. We are at ~476 MH/BTC With new deposits I have been able to increase the production quantity and optimized costs furthermore.

Because there is a huge amount of work behind, and it takes time. However starting from 6th of August a friend of mine (who should be in holidays from his real job) will come to help me installing, and we should be able to empty the queue pretty quickly!

there are 1900 GH/s * 2.9 BTC/GH/s = 5510 BTC, which are waiting for activation

2013-07-04 15:31:01 UTC   0.10320542 BTC   queued

why does it take so long?

Fear is never a good excuse to give up a fight for the greater good. It only gives potential enemies a weapon against you. Your own fear.

It seems that P2Pool is now mature and we can stick on it.

I am installing a second node, for redundancy purposes. Maybe I will release the IP addresses so everyone interested can partecipate.

I am still doubtful to declare the IP addresses to the public because if anyone wants to hurt pyramining, he could try to take down our nodes (and not the others).

Installing new hardware takes time, I am trying to do as fast as possible, and I am also temporarily employing a friend to help me. The whole queue should be emptied in around 2 to 4 weeks. No promises, besides that we're doing our best to install as fast as possible.

No, there wasn't. If you experience a strange behaviour, drop me a PM with your account details and I will check.