Author

Topic: Pyramining (Read 851 times)

staff
Activity: 3248
Merit: 4110
September 18, 2013, 07:27:25 AM
#6
It may not be a 'scam' but it's certainly not worth it. The amount of time it takes for you to actually break even, it's ridiculous. You might as well invest in something else. Who, knows if they will still be running in 10 years? I don't think they will. That means a lot of people may not get paid what they were 'promised'.

Basically, every 1BTC you have to wait a year roughly on this difficulty now. The difficulty is going to continue to grow and then prolong the time to break even.
hero member
Activity: 574
Merit: 500
freedomainradio.com
September 18, 2013, 07:26:32 AM
#5
Pyramining is Scam. I invested their 10BTC one year ago.

I got only 1BTC back, it need 10 years on the actually difficult to get back my other coins.
This is not a scam. It's called "investment". lol

but its not good investment if you have to wait for 10 years to recovered your investment  
Then you have to invest smaller ammounts. It would be just one year if he invested only 1BTC
And it has a 10-50 times higher payout than banks.
member
Activity: 84
Merit: 10
September 18, 2013, 07:16:31 AM
#4
Pyramining is Scam. I invested their 10BTC one year ago.

I got only 1BTC back, it need 10 years on the actually difficult to get back my other coins.
This is not a scam. It's called "investment". lol

but its not good investment if you have to wait for 10 years to recovered your investment 
hero member
Activity: 574
Merit: 500
freedomainradio.com
September 18, 2013, 07:10:01 AM
#3
Pyramining is Scam. I invested their 10BTC one year ago.

I got only 1BTC back, it need 10 years on the actually difficult to get back my other coins.
This is not a scam. It's called "investment". lol
sr. member
Activity: 267
Merit: 250
September 18, 2013, 06:04:45 AM
#2
Pyramining is Scam. I invested their 10BTC one year ago.

I got only 1BTC back, it need 10 years on the actually difficult to get back my other coins.
hero member
Activity: 826
Merit: 500
Crypto Somnium
September 18, 2013, 05:48:52 AM
#1
What is Pyramining?

It is a shared mining farm that allows you to borrow our hashing power to mine for Bitcoins. Once your account is active, miners will keep working for you until you will be fully rewarded with the intial amount sent plus a bonus. There is a referral system implemented in order to increase your bonus.


Is it a pyramid scheme?

It is not. All rewards come from mining and not from recruiting members. All deposited amounts will be used to buy mining infrastructure.
Recruiting member allows you to increase your bonus/reward.


Technology

Actually all the mining gear is based on Spartan6 FPGA units. We are currently researching into ASIC technology, which should be available for production between December 2012 and January 2013.

Size & growth
At this moment there are 2.2GH/s 16.9GH/s 34.6GH/s 60.7 90.1 109.2 GH/s allocated. Deposited funds gets converted as soon as possible to mining infrastructure. There are other 25 4 89 49.9 310.8 GH/s readily available that can be allocated to Pyramining while waiting for the new gear to be ordered, installed and put at work.

Advantages

It starts as soon as the amount is credited
No need to configure hardware or software
Hashing power is cheaper due to volume
Faster rewards than conventional mining and mining contracts
Joining is fun!

http://pyramining.com/referral/   2012-10-03 08:49:56 UTC   still active
http://pyramining.com/referral/   2012-09-15 08:24:44 UTC   still active
http://pyramining.com/referral/   2012-09-15 08:24:44 UTC   still active
http://pyramining.com/referral/   2012-09-15 08:24:43 UTC   still active



MOD NOTE:
Referral part of links removed.  Posts solely for the point of referral links are not allowed.
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