Topic: I am developing this: http://www.pyramining.com/ - page 3. (Read 13597 times)
Agreed. he has already stated that he will buy ASICs when they become availaible but that as a side line he is looking into developing ASIC (probably with some others I assume).
There was talkk of an inhouse ASIC development but Pyramining also stated that if ASIC arrived, he would buy that!
he would have to buy asics, takes time to develop, not to mention the cost. and the hash speed needs to go up when the dificulty goes sky high or the "company" would be worthless.
There was talkk of an inhouse ASIC development but Pyramining also stated that if ASIC arrived, he would buy that!
It doesnt take 14 months to see a return on your investment
That's not what I've meant. It'll take several months before you get back your principal and start making a profit. And noone knows for sure how the difficulty increase, reward halfing, ASICs etc. will change things for miners and mining projects. The site could vanish for several reasons.
I still say it's gamble, but that doesn't mean you can't get any fun(ds) out of it.
Hypothetically, the same proportion of people mining for pyra will also be mining with ASIC.
Additionally he said in all likelihood that pyramining will be upgraded to asics around the January time.... it will be good to already be in the system when that starts I think. I'm a happy user thus far :-)
ASIC is really going to shake things up. With the reward halving, many people who havent ordered ASIC will be left behind and may quit. Others may pile in. The balance of power will shift as many on here have stated they havent ordered ASIC for various reasons! Interesting times.
It doesnt take 14 months to see a return on your investment
That's not what I've meant. It'll take several months before you get back your principal and start making a profit. And noone knows for sure how the difficulty increase, reward halfing, ASICs etc. will change things for miners and mining projects. The site could vanish for several reasons.
I still say it's gamble, but that doesn't mean you can't get any fun(ds) out of it.
Hypothetically, the same proportion of people mining for pyra will also be mining with ASIC.
It doesnt take 14 months to see a return on your investment
That's not what I've meant. It'll take several months before you get back your principal and start making a profit. And noone knows for sure how the difficulty increase, reward halfing, ASICs etc. will change things for miners and mining projects. The site could vanish for several reasons.
I still say it's gamble, but that doesn't mean you can't get any fun(ds) out of it.
I still say that if you do it intelligently you can make far more than the 10% minium and also be in profit long before 14 months. I am already up and its been 6 weeks or so!!
I've never said not to put any money in pyramining.
Both questions you asked have to be answered by yourself.
And it seems you've already done so.
Everything's cool then, I guess.
No one's forcing you to join it. Is it not worth a go? 0.1btc isn't a huge investment to start with. I'm in 1btc initially. It'll be different when the ASIC's start up and the coin rate halves. As i'm a newb and don't have many bitcoins I think it's worth spreading a few around to try and get a steady stream. Isn't that what Bitcoin is about?
Both questions you asked have to be answered by yourself.
And it seems you've already done so.
Everything's cool then, I guess.
Exactly. I do laugh when people rubbish pyramining but have links in their sig!
No one's forcing you to join it. Is it not worth a go? 0.1btc isn't a huge investment to start with. I'm in 1btc initially. It'll be different when the ASIC's start up and the coin rate halves. As i'm a newb and don't have many bitcoins I think it's worth spreading a few around to try and get a steady stream. Isn't that what Bitcoin is about?
It doesnt take 14 months to see a return on your investment
That's not what I've meant. It'll take several months before you get back your principal and start making a profit. And noone knows for sure how the difficulty increase, reward halfing, ASICs etc. will change things for miners and mining projects. The site could vanish for several reasons.
I still say it's gamble, but that doesn't mean you can't get any fun(ds) out of it.
I would say its more of a gamble now than before, that being said still a good way to make a few extra BTC
http://pyramining.com/referral/yah7zf8bk 2012-09-14 18:30:02 UTC still active
http://pyramining.com/referral/2pgbfar9t 2012-09-14 18:30:02 UTC still active
http://pyramining.com/referral/nzdmx4yf7 2012-09-14 18:30:02 UTC still active
http://pyramining.com/referral/gxr2pscmn 2012-09-14 18:30:02 UTC still active
http://pyramining.com/referral/xh2aryen6 2012-09-14 18:30:02 UTC still active
It doesnt take 14 months to see a return on your investment
That's not what I've meant. It'll take several months before you get back your principal and start making a profit. And noone knows for sure how the difficulty increase, reward halfing, ASICs etc. will change things for miners and mining projects. The site could vanish for several reasons.
I still say it's gamble, but that doesn't mean you can't get any fun(ds) out of it.
It doesnt take 14 months to see a return on your investment if you set up your account properly and do a bit of work. I am seeing a return after several weeks. Join via my links and Ill show you how.
I'm willing to give it a go, only cost me my time and a bit of power. Started with 1BTC. Thanks for setting up this service.
It's a gamble. Break-even in 13 months? A lot of BTC-related sites had a TTL lower than that. So don't look at it as an "investment", but a long-term gamble. I just threw a few coins at them.
Cheers!
~drekk~
Cheers!
~drekk~
http://www.pyramining.com/referral/327psa69f 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/mhb762r4t 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/k4tryx6qe 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/bzte9xg7r 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/b9nzhxtsc 2012-10-05 08:33:28 UTC still active
Figure it's only a little bit risked and gets me a post toward getting out of the noob prison
http://www.pyramining.com/referral/mhb762r4t 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/k4tryx6qe 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/bzte9xg7r 2012-10-05 08:33:28 UTC still active
http://www.pyramining.com/referral/b9nzhxtsc 2012-10-05 08:33:28 UTC still active
Figure it's only a little bit risked and gets me a post toward getting out of the noob prison
The first thing I did when I got my first bitcoins was setup a pyramining account. Seem like everything is working well for me! Thanks for the cool service!
http://www.pyramining.com/referral/n8zbyrd6k 2012-09-26 16:28:26 UTC still active
http://www.pyramining.com/referral/gcqhb8x2f 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/f9zradcgn 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/6d9cxpzra 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/8h2rsdqzp 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/n8zbyrd6k 2012-09-26 16:28:26 UTC still active
http://www.pyramining.com/referral/gcqhb8x2f 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/f9zradcgn 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/6d9cxpzra 2012-09-26 16:00:47 UTC still active
http://www.pyramining.com/referral/8h2rsdqzp 2012-09-26 16:00:47 UTC still active
Is the site down ?
I don't believe so. I've just taken a look to my account and it's Ok. Perhaps too many people trying to enter at the same time
For newbies Newbies, welcome
Without sponsor you can' t get into Pyramining 
Is the site down ?
I'm a newbie Bitcoiner, but I've got hooked by Pyramining. I have neither the infraestructure nor the possibility to try hashing bitcoins and believe Pyramining is a good place to start micro-investing in mining without getting into a pool or buying specific hardware.
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