Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 89. (Read 318060 times)
May 17, 2013, 04:27:07 AM
I've got some BTC tied up in OP's site. Now I wish I can move them out as I've found better options with higher yields. Hope OP could create an opt-out option.
May 17, 2013, 04:21:28 AM
I'm having a hard time understanding what everyones gripe is, about how long your investment is paid out in full... I've invested only a small amount of btc...a little over 5 now over roughly the last year. The btc that I had invested here was basically 'extra'. I'd buy something with btc and then deposit the 'change' in one of my several Pyramining accounts. Over the last year this 'change' is what has added up to the 5+ btc worth of deposits. And now, especially since the payout threshold was lowered to 0.10 btc, I occasionally get an extra little 'bonus' in my wallet on top of the mining that I do myself. So, this 'change' I have tossed into a jar over time has begun to spill over and I can put an extra few gallons in my gas tank from time to time. So Pyramining is working out GREAT for me...really not sure what the big deal is. I've actually even been just depositing the reward I have gotten from Pyra BACK into my Pyra accounts thus raising my 'equivalent hashing speed' even more. Its all a bunch of win win from my spare change over time...what's the harm in that? I mean, unless you're trying to use Pyramining as your sole source of mining 'income' then I guess some frustrations might be had...
I'm not trying to talk anyone out of Pyramining, I just think people should think it through and know what they're getting into.
The standard payout is 10% which you can increase to 20% by using your own referral codes. (This assumes no one uses your referral codes but you.)
That 20% return will take you ~79 months to generate. That's 2.8% APR.
Would you invest your money for 2.8%? Maybe in a super secure CD or bond, but certainly not in a risky venture like pyramining. Anything could happen in the next 6 years. You might never recoup your original investment much less make a return.
I'm just saying, think it through and make sure you're comfortable with the risk/reward.
May 17, 2013, 04:15:44 AM
I think 79 months is too long for a 10-20% return. ASICs will help, but with ASICs comes increased difficulty so...who knows what the payback time will be.
thats way to long btc might go down by then anythinbg can happen thats 4-5 years plus 10-20% this company might not even be in business by then your basically giving away your money to a Huge Pit in my opinion.Exactly my point. With the volitility of BTC I wouldn't want to tie up my coins for over 6 years just for a 10% return. And that's if everything goes as planned. As btchaver points out, there are a lot of things that can go wrong.
May 17, 2013, 04:12:34 AM
I'm having a hard time understanding what everyones gripe is, about how long your investment is paid out in full... I've invested only a small amount of btc...a little over 5 now over roughly the last year. The btc that I had invested here was basically 'extra'. I'd buy something with btc and then deposit the 'change' in one of my several Pyramining accounts. Over the last year this 'change' is what has added up to the 5+ btc worth of deposits. And now, especially since the payout threshold was lowered to 0.10 btc, I occasionally get an extra little 'bonus' in my wallet on top of the mining that I do myself. So, this 'change' I have tossed into a jar over time has begun to spill over and I can put an extra few gallons in my gas tank from time to time. So Pyramining is working out GREAT for me...really not sure what the big deal is. I've actually even been just depositing the reward I have gotten from Pyra BACK into my Pyra accounts thus raising my 'equivalent hashing speed' even more. Its all a bunch of win win from my spare change over time...what's the harm in that? I mean, unless you're trying to use Pyramining as your sole source of mining 'income' then I guess some frustrations might be had...
May 17, 2013, 01:07:44 AM
I think 79 months is too long for a 10-20% return. ASICs will help, but with ASICs comes increased difficulty so...who knows what the payback time will be.
thats way to long btc might go down by then anythinbg can happen thats 4-5 years plus 10-20% this company might not even be in business by then your basically giving away your money to a Huge Pit in my opinion.
May 16, 2013, 02:27:42 PM
What is the info on these homebrew ASIC's they cost millions to develop did Pyramining really have the resources to go alone on that?
Have you a link to a post or article related to this?
May 16, 2013, 02:21:43 PM
What is the info on these homebrew ASIC's they cost millions to develop did Pyramining really have the resources to go alone on that?
Have you a link to a post or article related to this?
May 16, 2013, 02:13:57 PM
What is the info on these homebrew ASIC's they cost millions to develop did Pyramining really have the resources to go alone on that?
May 16, 2013, 02:13:40 PM
But with asics and referrals this will reduce.
May 16, 2013, 01:55:21 PM
May 16, 2013, 12:58:44 PM
Complete reward: ~ 87 months 
May 16, 2013, 11:34:02 AM
I think 79 months is too long for a 10-20% return. ASICs will help, but with ASICs comes increased difficulty so...who knows what the payback time will be.
Your right, but if asics are added to current infrastructure and you get referrals under you, it could be and investment worthwile.
May 16, 2013, 10:54:27 AM
I think 79 months is too long for a 10-20% return. ASICs will help, but with ASICs comes increased difficulty so...who knows what the payback time will be.
May 16, 2013, 10:01:15 AM
OP, any timeline on the ASIC rollouts?
Avalon is shipping Batch #2 now...
Do you know when batch 1 started and finised shipping? Avalon is shipping Batch #2 now...
May 16, 2013, 09:13:41 AM
OP, any timeline on the ASIC rollouts?
Avalon is shipping Batch #2 now...
are they buying equipment from Avalon? Avalon is shipping Batch #2 now...
May 15, 2013, 05:17:16 PM
OP, any timeline on the ASIC rollouts?
Avalon is shipping Batch #2 now...
Avalon is shipping Batch #2 now...
May 15, 2013, 01:10:04 AM
Any suggestions on getting referrals?
I think the best one is just word of mouth... send your codes to a few friends or relativesThanks, yeah, was thinking of making a small information website specifically for referrals and putting that in signature. Not exactly original but worth a try.
May 14, 2013, 11:54:35 PM
Any suggestions on getting referrals?
I think the best one is just word of mouth... send your codes to a few friends or relativesThanks, yeah, was thinking of making a small information website specifically for referrals and putting that in signature. Not exactly original but worth a try.
May 14, 2013, 11:51:19 PM
Any suggestions on getting referrals?
I think the best one is just word of mouth... send your codes to a few friends or relatives May 14, 2013, 04:35:16 PM
Any suggestions on getting referrals?
I think the best one is just word of mouth... send your codes to a few friends or relatives Jump to: