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Topic: I am developing this: http://www.pyramining.com/ - page 3. (Read 13596 times)

sr. member
Activity: 358
Merit: 250
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).
hero member
Activity: 560
Merit: 500
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.
hero member
Activity: 868
Merit: 500
There was talkk of an inhouse ASIC development but Pyramining also stated that if ASIC arrived, he would buy that!
hero member
Activity: 490
Merit: 500
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. Smiley

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 :-)
sr. member
Activity: 358
Merit: 250
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.
newbie
Activity: 58
Merit: 0
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. Smiley

Hypothetically, the same proportion of people mining for pyra will also be mining with ASIC.
hero member
Activity: 868
Merit: 500
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. Smiley

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!!
member
Activity: 70
Merit: 10
Who shot who in the what now?
I've never said not to put any money in pyramining.

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. Cool
sr. member
Activity: 358
Merit: 250
Exactly.  I do laugh when people rubbish pyramining but have links in their sig!
newbie
Activity: 17
Merit: 0
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?
newbie
Activity: 4
Merit: 0
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. Smiley

I would say its more of a gamble now than before, that being said still a good way to make a few extra BTC Smiley
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
member
Activity: 70
Merit: 10
Who shot who in the what now?
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. Smiley
hero member
Activity: 868
Merit: 500
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.
newbie
Activity: 17
Merit: 0
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.
member
Activity: 70
Merit: 10
Who shot who in the what now?
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~
newbie
Activity: 9
Merit: 0
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 Cheesy
newbie
Activity: 17
Merit: 0
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
member
Activity: 80
Merit: 10
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  Wink


For  newbies Newbies, welcome  Cheesy  Without sponsor you can' t get into Pyramining Smiley
hero member
Activity: 826
Merit: 500
Crypto Somnium
Is the site down ?
member
Activity: 80
Merit: 10
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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