Post
Topic
Board Service Discussion
Re: http://www.pyramining.com/ - Discussion thread (no advertising here)
by
chriswen
on 28/09/2013, 02:46:02 UTC
If you didn't complete your due diligence then you cant blame anyone else for the fact that your returns will be lower than you expected.

No, I am admitting I didn't do my due diligence. What I am saying though is that without further investment from new customers, new hardware will not be added and the break even period will continue to be extended and extended as difficulty increases. So... no new customers means we don't get our money back ever. The FAQ should be updated to reflect that.

What about those deposits that are nearing completion?  Have you factored that into the system?

But, I think that the break even will still not decrease from deposits completing.  Deposits completing might just keep it at 31 months.  Cause, as difficulty rises the breakeven takes longer and longer.

That's why I think they should do something like 50% fixed mining , 50% polled mining.  Or maybe 30% fixed mining, 70% pooled mining.  And if there is ever the case that the current hardware options is really good then the old members will get an advantage. And if its like how it is now then you're going to be getting more than an old investor but you'll still be benefitting the old investors.

The problem right now is that as the investment becomes less lucrative less people invest which means less growth.  Without growth hashrate will just stall into negative (does pyramining take fees for electricity?)