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Topic: Thoughts on Pyramining? (Read 2963 times)

full member
Activity: 146
Merit: 100
November 08, 2012, 06:41:50 AM
#30
I've deposited a small amount, to test it. We'll see...
+1
vip
Activity: 1316
Merit: 1043
👻
October 18, 2012, 04:56:50 AM
#29
Try it - sign up here:

http://www.pyramining.com/referral/zfhd3gstq    2012-10-16 07:06:46 UTC    still active
http://www.pyramining.com/referral/a4g3kdnhb    2012-10-16 07:06:46 UTC    still active
hero member
Activity: 651
Merit: 501
My PGP Key: 92C7689C
October 11, 2012, 06:33:13 PM
#28
Pyramid Scheme anyone?

It doesn't get much more obvious than that.
Think of it as more of pyramid, referral system, so if I refer you, I get a percent, and the person that referred me get a percent and all the way back to the top. Hence the pyramining
Ya, that's his point: sounds exactly like a pyramid scheme.

More like multi-level marketing...you make money not just from what you put in, but from what your downline puts in.

That said, MLMs have come under attack at times for the ways in which they're similar to pyramid schemes.
member
Activity: 80
Merit: 10
October 11, 2012, 01:46:29 PM
#27

It use to be like that but now you can start only with a sponsor


Thank you Eliale, so I was right at first.
Someone told me that a sponsor was unnecessary, so I began to say so. 

Thanks Akka too. Now I have the link that confirms that.
hero member
Activity: 838
Merit: 501
October 11, 2012, 01:57:16 AM
#26

Also creating your own pyramid is no longer possible.

Akka, what do you mean?
I was saying this-

Quote
Without sponsor you can' t get into Pyramining

and someone told me I was wrong, that you can begin a pyramid  with a 5 %  without  sponsor  Huh  Huh Now you are making me doubt.

I am very new in Bitcoin world  (I bumped into it in September).  Would someone be able  to explain me ?

It use to be like that but now you can start only with a sponsor
legendary
Activity: 1232
Merit: 1001
October 11, 2012, 01:45:56 AM
#25
member
Activity: 80
Merit: 10
October 10, 2012, 06:29:38 PM
#24

Also creating your own pyramid is no longer possible.

Akka, what do you mean?
I was saying this-

Quote
Without sponsor you can' t get into Pyramining

and someone told me I was wrong, that you can begin a pyramid  with a 5 %  without  sponsor  Huh  Huh Now you are making me doubt.

I am very new in Bitcoin world  (I bumped into it in September).  Would someone be able  to explain me ?
legendary
Activity: 1232
Merit: 1001
October 10, 2012, 04:38:45 PM
#23
I invest very few bitcoins,  is a way to outsource mining power. I have not the technology nor the knowlege and time to do it myself or get into a pool.

You can get into it with a 10% bonus if you use a referral link, or a 5% without it, if you decide to generate your own piramyd. If you find referrals such bonus grows, that´s why there is so much link spamming here   Wink. How much bonus grows? It depends on how much your referrals deposit. You can also be your own referral.

It seems to be a good entrepreneur idea Cheesy

To clarify this, you get 10% of you reveals deposit (needs to be mined of course). So for every 1BTC deposited you get 0.1BTC the %Bonus than depends on your initial deposit and is not a fixed amount.

Also creating your own pyramid is no longer possible.
member
Activity: 80
Merit: 10
October 10, 2012, 04:35:24 PM
#22
I invest very few bitcoins,  is a way to outsource mining power. I have not the technology nor the knowlege and time to do it myself or get into a pool.

You can get into it with a 10% bonus if you use a referral link, or a 5% without it, if you decide to generate your own piramyd. If you find referrals such bonus grows, that´s why there is so much link spamming here   Wink. How much bonus grows? It depends on how much your referrals deposit. You can also be your own referral.

It seems to be a good entrepreneur idea Cheesy
legendary
Activity: 1498
Merit: 1000
October 06, 2012, 04:40:56 PM
#21
Where do the returns come from?  Are you basically paying an unknown person BTC so they can mine on your behalf?

They aren't unknown and basically your helping them fund their mining farm, so you get a return like a loan.
sr. member
Activity: 297
Merit: 250
October 06, 2012, 04:36:16 PM
#20
Where do the returns come from?  Are you basically paying an unknown person BTC so they can mine on your behalf?
newbie
Activity: 36
Merit: 0
October 05, 2012, 09:38:42 PM
#19
So its a pyramid scheme that admits its a pyramid scheme? Sounds legit.
legendary
Activity: 1498
Merit: 1000
October 05, 2012, 08:38:34 PM
#18
I've deposited a small amount, to test it. We'll see...

Small amounts don't work well, cause if it does hit about 1 bitcoin then you have to wait for the full payout, I am currently got a descent size and I get paid pretty regularly from it
full member
Activity: 188
Merit: 100
October 05, 2012, 06:59:53 PM
#17
I've deposited a small amount, to test it. We'll see...
legendary
Activity: 1232
Merit: 1001
October 05, 2012, 06:40:08 PM
#16
Wait, if you dont participate in the referral system do you still make a return on ur deposited BTC? Or it just kinda chilling there...doin nothing...

You are getting always your deposit +10% back. With reveals you increase your payback by 10% of what this person deposited, and more important, your hashrate increases (see post above).

So if someone deposits 1BTC with my reveal, he gets 1.1 BTC back (after mining them of course) and I get 0.1 BTC (after mining them of course, too).
legendary
Activity: 2450
Merit: 1002
October 05, 2012, 06:19:43 PM
#15
Wait, if you dont participate in the referral system do you still make a return on ur deposited BTC? Or it just kinda chilling there...doin nothing...
sr. member
Activity: 364
Merit: 250
October 05, 2012, 05:56:50 AM
#14
What were the odds this would turn in to a referral spam thread?
This is the only reason I don't like it. Referrals are so annoying.
full member
Activity: 175
Merit: 100
October 05, 2012, 01:03:39 AM
#13
http://www.pyramining.com/referral/8tpq4kcms   2012-09-01 17:22:16 UTC   still active
http://www.pyramining.com/referral/pdftrsmc6   2012-09-15 00:27:52 UTC   still active
http://www.pyramining.com/referral/t4xdy8f9b   2012-09-19 05:27:52 UTC   still active
http://www.pyramining.com/referral/kaeh6psqm   2012-09-23 21:43:33 UTC   still active
http://www.pyramining.com/referral/r24kz68p7   2012-10-05 05:50:08 UTC   still active

For anyone who signs up as a referral under me and deposits at least 0.1 BTC, I'll sign up under you with 0.1 BTC giving you a 10% extra bonus.

If you sign up under me send me a message with your pyramining id and referral link so I can sign up under you.
full member
Activity: 198
Merit: 100
October 04, 2012, 11:34:17 AM
#12
It's only a 1/2 pyramid scheme.  You don't have to participate in the "pyramid" part if you don't want to but I don't see why not.  If you don't feel like participating, just sit back and enjoy your initial investment.

You can also sign up under me and enjoy a 10% bonus on that investment Smiley *Shameless plug

http://pyramining.com/referral/nkp29a7cs
http://pyramining.com/referral/ch63xqnke
http://pyramining.com/referral/3y7afs9hr
http://pyramining.com/referral/hc47t9mry
http://pyramining.com/referral/4m9qxc6pr
legendary
Activity: 1358
Merit: 1002
October 04, 2012, 11:04:24 AM
#11
One of the best methods I've seen to fund a mining operation. Granted.
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