Topic: I am developing this: http://www.pyramining.com/ - page 6. (Read 13597 times)

Yes, beeing able to post my referrals is one of the reasons I have joined the forum.

Poooonnnnziiiii scheeeeemmmeeee

The Pyramining owner takes the rest from still running equipment - after 10 months the machine mines for him.

Let me see if I understand this correctly.  Please correct me if I am wrong here.

If you deposit 10 BTC using a referral code then you will eventually be paid 11 BTC and then your account is done and it goes away.  That is it. If you deposit 100 BTC with a code and do nothing else you will eventually be paid 110 BTC then your account closes.

You are not making 10% a day, or 10% a week or even 10% a year.  You are making 10% on your money no matter how long (or short) it takes.

If you want a higher yield then you get people to sign up under you.  Adding more money to your account or opening more accounts does not improve the yield.  Well you can open new accounts under your own account to get a better yield - but let's set that aside for the moment.

Now on the front page it states that the current estimate is that you will get your money plus interest back in about 9 months.  Things can and will change so it may take a longer or shorter time.  Probably longer.  Let's say it takes 10 months (to make my math easier).  Then you will make 10% in 10 months so you will make 1% per month.

Better than a USD savings account but not quite as good as just about anything else in this list: https://bitcointalksearch.org/topic/who-pays-what-81542

Of couser that all assumes that you just sit passively on your butt.  If you "work it" and get a lot of people to sign up under you then your yield can be fantastic.

after 5 days its even less than 1 cents a day......

if you recieve 1 BC per day with your 10,23 BC deposited then i´d love to give my 10 coins to you and we share the gain fifty - fifty , you would get 50 cents and no risk....

done ?    if not there is something rotten in Denmark

Cheers Zyk

OK guys i checked it out with 3 accounts...deposited 10, 2, 2 bitcoins....the program is really beautyfully designed and set up...so kudos to the scheme inventor...well done....

its a cool idea to get some return for just holding bitcoins and of course anonymously....but - doing the math...i got about 1 cent per 10 bitcoins invested per day as reward (10 % bonus pyramid included), which means 30 cents in a month - so in three months i may get my first payout of 1 BC to the payout adress - all in all that would put the break even out to 2 and a half years from now.....not like stated to 8 months...the huge problem is that difficulty already doubles next year so earnings will be halved.....
the hashing power is still at 7,5 MHz per BC.....  all still ok as risky investment with the chance of more participants...

but and now the scam as i understand it:

your principle is gone! once sent you can´t get it back!...its invested in the hardware and electricity may be....the illusion of getting back your hard earned and transfered bitcoins may last 2 years because some cents are popping up in your " pending rewards " account, still your money will be mostly gone!!

check it out yourself

http://pyramining.com/referral/fg4zn2ayr

Cheers Zyk

I have the same doubts 
It would be nice if people who have invested placed their status of investment here like "is really growing! +12%"
or at least a thumbs up

I am interested in signing up to this to give it a go via one of the referrals, but would be interested to hear some real examples of the sort of returns people are seeing, is there a 'minimum' investment in BTC people are making that makes it worthwhile, e.g. 1BTC, 10BTC? Or can I deposit any amount and keep topping up as I mine my own coins (I think the 10% referral bonus only applies to your first deposit?)