Topic: http://www.pyramining.com/ - Discussion thread (no advertising here) - page 91. (Read 318060 times)
May 11, 2013, 02:12:37 PM
It appears that the site is down.
May 09, 2013, 07:17:48 AM
I would like to know, too.
If it is sure that asics work soon, I'll do another deposit immediately.
If it is sure that asics work soon, I'll do another deposit immediately.
May 09, 2013, 02:14:34 AM
Hello, operators. According to your plans, now you should be testing your prototypes, right?
How are things going? Do you expect further delays in ASIC implementation or could we see our hashing power skyrocketing by the end of May?
Thanks as always for your efforts in this hopeful inversting gateway.
Peace.
How are things going? Do you expect further delays in ASIC implementation or could we see our hashing power skyrocketing by the end of May?
Thanks as always for your efforts in this hopeful inversting gateway.
Peace.
May 07, 2013, 07:09:43 AM
The problem appears to be fixed now.
May 07, 2013, 02:52:50 AM
Damn...I knew I should have read up on Bitcointalk before attempting to switch accounts...looks like I no log in either cuz no captcha 
May 06, 2013, 10:24:04 PM
I can't log in either. No captcha shown.
May 06, 2013, 09:15:18 PM
Wondering if we could get a status update on the current state of asic development? Testing/fabrication/firmware tinkering/etc. Also, any new ballpark estimate deployment time frames?
Thanks!
Thanks!
May 06, 2013, 09:25:44 AM
Same here. 
May 06, 2013, 03:16:54 AM
I cannot log in. there is no captcha to solve
May 05, 2013, 03:53:28 AM
PyraMining 1.5 BTC Account Auction
https://bitcointalksearch.org/topic/pyramining-15-btc-account-auction-195658
https://bitcointalksearch.org/topic/pyramining-15-btc-account-auction-195658
May 04, 2013, 07:53:08 AM
When ASICs will be ready, the time will be reduced dramatically... Pyramining says about 2/4 months. ASICs will be ready by the end of this month if everything goes fine! 
Yes, when ASIC mining starts it will change these numbers. It's difficult to predict the change in difficulty and therefore estimate the payback period in advance of these coming online.
Once ASICs are actually producing there will likely be a leap in difficulty but a reduction in mining activity as all non-ASIC miners drop out of the pool. This will give ASICs an initial advantage until the supply of ASIC mining machines catches up to the previous level of non-ASIC mining.
Once Pyramining has ASICs in place and producing coins I'll look at this opportunity again. Until then, I'm out.
May 04, 2013, 06:59:29 AM
http://www.links-pyramining.com/mastering-pyramining
Here you can also find an investment calculator.
Really cool investment calculator at the above link.
Experimenting with various deposits spread out over three self-referrals (i.e., using my own referral links) it looks like the best average return (total return/total investment) is 20% and regardless of how you spread out the investments it will take something like 79 months (6.5 years) to get the full return.
On an annualized basis this works out to be 2.78% APR. (That is, if you invest $100 today at 2.78% APR in 79 months you will have $120 or a 20% return.)
This is not bad considering today's savings account returns but it's awful as an investment, especially one with any risk attached to it (as this one does). The only way it makes sense is if you believe you can get other people to use your referral links. It doesn't work as a stand alone investment.
There may be good reasons for using Pyramining, but I would look elsewhere for investing if you're looking for a decent ROI.
May 04, 2013, 05:41:32 AM
http://www.links-pyramining.com/mastering-pyramining
Here you can also find an investment calculator.
Really cool investment calculator at the above link.
Experimenting with various deposits spread out over three self-referrals (i.e., using my own referral links) it looks like the best average return (total return/total investment) is 20% and regardless of how you spread out the investments it will take something like 79 months (6.5 years) to get the full return.
On an annualized basis this works out to be 2.78% APR. (That is, if you invest $100 today at 2.78% APR in 79 months you will have $120 or a 20% return.)
This is not bad considering today's savings account returns but it's awful as an investment, especially one with any risk attached to it (as this one does). The only way it makes sense is if you believe you can get other people to use your referral links. It doesn't work as a stand alone investment.
There may be good reasons for using Pyramining, but I would look elsewhere for investing if you're looking for a decent ROI.
When ASICs will be ready, the time will be reduced dramatically... Pyramining says about 2/4 months. ASICs will be ready by the end of this month if everything goes fine!
May 04, 2013, 05:22:50 AM
http://www.links-pyramining.com/mastering-pyramining
Here you can also find an investment calculator.
Really cool investment calculator at the above link.
Experimenting with various deposits spread out over three self-referrals (i.e., using my own referral links) it looks like the best average return (total return/total investment) is 20% and regardless of how you spread out the investments it will take something like 79 months (6.5 years) to get the full return.
On an annualized basis this works out to be 2.78% APR. (That is, if you invest $100 today at 2.78% APR in 79 months you will have $120 or a 20% return.)
This is not bad considering today's savings account returns but it's awful as an investment, especially one with any risk attached to it (as this one does). The only way it makes sense is if you believe you can get other people to use your referral links. It doesn't work as a stand alone investment.
There may be good reasons for using Pyramining, but I would look elsewhere for investing if you're looking for a decent ROI.
May 03, 2013, 09:15:08 PM
Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....
Pyramining said he would look into buying competitor's chips when one of them could ship an order in a reasonable time frame. Avalone and now BFL can make chips, and can ship them to you "eventually". Nothing solid yet.Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....
What ASIC chips are being used?
May 03, 2013, 06:16:35 PM
Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....
What ASIC chips are being used?
May 02, 2013, 06:20:24 PM
Hi OP, can we have a deadline on your ASIC rollouts? BFL is already shipping....
May 01, 2013, 07:21:13 PM
The base reward is 10% but that can be increased by refereals.
How much does each referral increase the reward?
(I know it depends on the amount you deposited and the amount your referral deposits, I'm hoping you can clarify those factors.)
Ex: I deposit 10BTC and I refer someone who deposits 10BTC. Would my reward now be 11% or 20%?
How much does each referral increase the reward?
(I know it depends on the amount you deposited and the amount your referral deposits, I'm hoping you can clarify those factors.)
Ex: I deposit 10BTC and I refer someone who deposits 10BTC. Would my reward now be 11% or 20%?
http://www.links-pyramining.com/mastering-pyramining
Here you can also find an investment calculator.
Thanks, great calculator.
BTW, answer is 20% for those just reading along.
April 30, 2013, 01:44:41 PM
That depends upon how you deposited it, future difficulty and when he deploys ASICs.
There are ways to reduce your waiting time, however.
Current predictions on Pyramining site (without deployment of ASIC) is 72 months to break even. Once he deploys ASICs this will dramatically reduce.
There are ways to reduce your waiting time, however.
Current predictions on Pyramining site (without deployment of ASIC) is 72 months to break even. Once he deploys ASICs this will dramatically reduce.
Ah, that's great to hear. 72 months seems a bit much =P.
April 30, 2013, 01:18:06 PM
That depends upon how you deposited it, future difficulty and when he deploys ASICs.
There are ways to reduce your waiting time, however.
Current predictions on Pyramining site (without deployment of ASIC) is 72 months to break even. Once he deploys ASICs this will dramatically reduce.
There are ways to reduce your waiting time, however.
Current predictions on Pyramining site (without deployment of ASIC) is 72 months to break even. Once he deploys ASICs this will dramatically reduce.
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