Quote from: pyramining on June 06, 2012, 12:43:25 PM

Quote from: Dice on June 06, 2012, 11:09:32 AM

Only reason i ask is because if i understand correctly. The moment my account becomes complete I don't get paid for my bitcoin anymore? And the way it becomes complete is when i breakeven? So technically am i actually making money or am i just making the money back which i deposited?

I thought it was explained pretty well in the FAQ, probably I need to spend some more time in adding more explanations.

There can be 3 cases:

1) You create an account without any sponsor.
You will receive the amount of bitcoins invested PLUS 5%, and then it stops. If you invest 100, you will receive 104,475 (+5% bonus, -0,5% transactions management fee)

2) You create an account through a sponsor (using a referral link).
You will receive the amount of bitcoins invested PLUS 10%, and then it stops. If you invest 100, you will receive 109,45 (+10% bonus, -0,5% transactions management fee)

3) You do some activity to find referrals, and someone joins using you as their sponsor.
You start with the bonus like in points 1) or 2). Everytime someone joins using you as sponsors and deposits any amount, your bonus will increase. The exact increase can be calculated with: ((sum of referral deposits / your deposit) / 10) ).

In the third case, reward can be also very high (there are members who doubled, tripled or even much more their investment, if you ask here probably someone could tell you directly about their experience), so this could be the most interesting way to use Pyramining. It's not easy to find potential members, but if you can, you get rewarded pretty well.

In all cases you will receive your investment back PLUS some earnings that depend on the way you joined/used Pyramining.

Accounts don't mine forever because FPGA units working at these rates wear out in about 2 years. I studied this business plan in order to be able to keep always efficient hardware at work so every member will get their expected results.
However the infrastructure is not removed from Pyramining unless it breaks up. This allows fast investment returns even to future users who will join with increased mining difficulty and halved block bounty.

Hope it's clear enough now. If you have any other question, just ask.

Thank you very much!

I will use this for future questions as I had some people interested in investing though they couldn't grasp it 100%.

We can call that reply pyramining for dummies!