Post
Topic
Board Service Discussion
Re: http://www.pyramining.com/ - Discussion thread (no advertising here)
by
rdyoung
on 18/10/2013, 10:07:10 UTC
The big jump in difficulty was not kind to our investment:

Quote from: Pyramining website
Investing in Pyramining is indeed very profitable: the complete reward is estimated to be reached in less than 96 months.

Things are looking bleak.



No it wasn't "kind".
But what can we do about it? Continuing to post how bad its looking does nothing.

All we can do is let pyramining do his thing. He has more invested than any single one of us. He has plenty of incentive to do what he can to keep things going.

Don't forget that as deposits and accounts are completed their hashrate gets split among the remaining deposits.

You don't understand, at the rate deposits are currently being completed it won't even make a difference.  The break even will just go up a bit slower.  And the higher the breakeven goes the worse the investment rate is which means the breakeven gets even worse.

I hope you understand.

Also, yes there was a big jump in difficulty.  But you also have to expect that there will be many more big jumps in difficulty in the future, so if new investments and deposits completing (deposits only complete if the breakeven + reward) isn't high enough then the break-even will go even higher.

I do understand more than can be demonstrated in a few words on a forum such as this.

You are correct, the breakeven time will keep increasing. However, at some point the difficulty rise will stabilize. It is a mathematical certainty. I have no idea how big the network must get before that happens, but it has to be sometime sooner than later, the network is at 2+Phs now. We were at 1Phs just 4 weeks ago. It will be twice as hard to get it to 4phs, 8phs, etc.
Although I am a bit curious how long until we are referring to the network in zetahashes...