Topic: I am developing this: http://www.pyramining.com/ - page 2. (Read 13600 times)
need btc so bad...
as I cant; make answers in the discussion thread I ask in here.
In my account in pyramining I've deposited 13 BTC. But from 30.01.2013 the "completation" is not added. What is happening ?
In my account in pyramining I've deposited 13 BTC. But from 30.01.2013 the "completation" is not added. What is happening ?
Essentially, that's how I understand it, but also the more that people put BTC in the pot, the more hashing power pyramining can utilise, and the return should increase. Will be interesting to see the effects of the hardware on the system..
I am sorry guys, but I still don't understand how this works. Ignoring the pyramid part, I put x btc in and I get 1.1x btc back after some amount of time that remains unknown and unpredictable to me, is that right?
That's basically right. The one that sponsors you also gets 0.1x of your deposit and gets 15% of the hashing power you rented until his account is completed additionally the next two levels above him get 7.5% each.
That's why there are so many reveal threads.
The farm seems very solid though, it's the cleanest setup I have ever seen.
He is putting a lot of work in it. And also has a upgrade plan for ASIC. So it seems like one of the saver investments. But as always don't put money in it you need, right now it's a good year until you get it back.
I still have a second level account (at least 7.5% faster return). PM me if you are interested in a reveal.
I am sorry guys, but I still don't understand how this works. Ignoring the pyramid part, I put x btc in and I get 1.1x btc back after some amount of time that remains unknown and unpredictable to me, is that right?
There are many ways to play this. PM me if you want advice. Although you do gain a bonus for lower deposits, its not really a pyramid scheme as all payments come from mining and not from lower deposits.
I appreciate the honesty in telling the world that it is a pyramid scheme and for this I will likely participate
Pure profit, less electricity and maint costs etc etc!!!
I'm actually thoroughly impressed with the asic price/performance ratio, its like buying just shy of a bfl single today for about 1 btc, so the cost to performance ratio is very nice! Have not compared apples to apples though regarding the prices of the other asic suppliers vs. Pyramining but I bet its very competitive if not the best cost performance ratio....
If fact, the price performance ratio is a little less than buying BFL.
But you have to consider:
- No setup
- No space required for you
- No electricity cost
- You don't need to care about anything, just wait
This makes it a good deal, if pyramining can hold his announcement.
yeah but another thing to consider is that you dont own the equipment, once you have gotten your 10%+ you would have to reinvest to keep your ghs...
but if you buy its pure profit after x months...
I'm actually thoroughly impressed with the asic price/performance ratio, its like buying just shy of a bfl single today for about 1 btc, so the cost to performance ratio is very nice! Have not compared apples to apples though regarding the prices of the other asic suppliers vs. Pyramining but I bet its very competitive if not the best cost performance ratio....
If fact, the price performance ratio is a little less than buying BFL.
But you have to consider:
- No setup
- No space required for you
- No electricity cost
- You don't need to care about anything, just wait
This makes it a good deal, if pyramining can hold his announcement.
but its not a get rich quick scheme
And that is a good thing because most of those are scams!
I'm actually thoroughly impressed with the asic price/performance ratio, its like buying just shy of a bfl single today for about 1 btc, so the cost to performance ratio is very nice! Have not compared apples to apples though regarding the prices of the other asic suppliers vs. Pyramining but I bet its very competitive if not the best cost performance ratio....
"interesting"? not rly...
a good way to make some extra btc with some of the btc u have just sitting in your wallet?
most deff
some of the most profitable ways to make some extra on this has been posted allready and is pretty easy to set up
but its not a get rich quick scheme
a good way to make some extra btc with some of the btc u have just sitting in your wallet?
most deff
some of the most profitable ways to make some extra on this has been posted allready and is pretty easy to set up
but its not a get rich quick scheme
The "Pyra" made me click this the thread, for some reason " Pyramining " sounds really interesting...
Site was down for maint. Now back up!
I've used this service for a while now and it is working as expected, I believe this to be a great way for people who don't want to shell out for $$$$ mining rigs to compete in the cryptocurrency mining scene, and this will prove all that much more relevant in the near future as ASICs hit the scene, with as an example 1 of BFLs big ASICs has crazy insane hash rate at redonkulous price for the common person. To help people with this I put up some projects at https://cryptostocks.com/ so that people can invest into pyramining in small/any quantities they choose and sell out of it at any time they choose to help ease people into this system and provide all the benefits of pyramining in a manner that allows people to get out whenever they want based on their own needs.
Its going well. Good solid returns and now he is developing ASIC, return times should decrese (if he meets expected timelines).
After 3 Month of pyramining, it seems to work aceptable for me. letz see, how it evolves next months/years.
He mines a lot for himself as well as pyramining. It seems like a mature set up!
would be a pretty smart move for a company like this, develop your own asic and rent out the hashing power when its developed.
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