Quote from: chriswen on April 04, 2015, 05:05:50 AM

Quote from: btharper on April 03, 2015, 08:28:59 PM

Is anyone aware of the current state (other than still running) of pyramining? I saw the update from Jan 14 about adding new hardware in the near future and the (currently unrealized) possibility of reopening referrals up, but I was wondering if there's currently hardware available for new deposits, or what the current ballpark on that might be. The pace of ASIC developments has slowed to closer to normal semiconductor development instead of the breakneck pace when they first came out and the returns would likely be more stable now.

At time of writing the site shows ~480GH/BTC, with roughly 1 year for return on initial investment (simplistically, and falsely, assuming no change in difficulty over that time period; also not sent over network, just earned). With quick numbers based on current info, moore's law (doubles in 18 months), and wild guessing the expected full payback on 110% at around 18 months. Assuming, not unreasonably, that the network difficulty doubles in 12 months instead of 18 months would extend that again somewhat, at this point it may not be worth it depending on the upkeep costs with running things.

TL;DR - I think the annual return could be reasonable (>50%), and wanted to know the current guess as to how soon new deposits would go to work. Thanks

I had my deposits get accepted.

I ended up heading into it figuring (hoping) it'd go through fairly quick. The site timestamps show about 40 hours between deposit (I'm guessing when it was confirmed, not sent) and activation of hardware. Assuming the process is at least partially manual I'd call it a reasonable turnaround time to activation, especially since pyramining certainly shouldn't be expected to sit at a computer waiting for deposits.

After less than a day I'm already back to getting regular payouts instead of the slow trickle of single-digit payments from the old (FPGA) deposits. The amount is slightly lower than the calculated payment based on that hash rate, but within normal pool variance, especially only given under a day.