It doesn't affect the 1BTC payout, because as soon as the balance (the sum of the credit of all deposit) reaches at least 1BTC, it gets paid back.

Cons: almost nothing.
Pros: it's more fair for everyone.

Reason? If someone has a big account (example 1000 btc), and it gets completed, actually if it sends other 10 BTC, he will obtain results at the speed of 1010 BTC (now it doesn't matter, but as soon as hardware will start to fail, he would subtract hashing powers from new deposits). After the change, he will gets rewards at the 10BTC speed, so every deposit will have the ~10 months return.

The new feature will just "expire" old deposits when calculating the allocated MH/s per account.

However hardware will be kept at work for Pyramining, and the result is that there will be a better MH/s per BTC for everyone.

2) Deposits will be kept separated inside the account. Now all deposits are joined in one single balance. Soon they will be kept separated inside an account, and it will be possible to see the completion % of each single deposit.

This will not change anything for current members, it will affect only new accounts, made after the update.

It was down for maintenance. I will manage a way to put up a notice for the next time. By the way, new infrastructure is online, I didn't finish yet but from now on, you should see an increase in rewards. I'll work hard Saturday and Sunday too.

Yeah : We have superstatistics :   only 67 BTC for next GH/s    hashing power supposedly goes up to 14,8 MH per BTC  , 120 GH will be added.....so lets advertise!!

Its just that mining rewards are constantly going down day after day after day.....even as the first box was added, the break even time went out to 10 months

if thats the plan to return invested capital on the new infrastructure ......... we provide.......break even is put out to never been seen again....something fishy here

and its not even in the referral scheme

Excellent.

Why is it necessary to enter a captcha during log ins if people can do is check stats? There are no options to change so there is no reason to bot it or anything.

Why there are no accruals or payouts today? My balance is still at 0.84 and not moving. How soon you will migrate to new infrastructure?

Yesterday I tested the pre-production units (prototypes), they were working as expected, in ~ 10 days the new hardware will be ready.

Both points will be fixed in short time (less than 3 weeks, I explained in previous posts the actions I am taking to keep ROI times aligned to expectations). Meanwhile if P2Pool keeps it's low efficiency, I won't point new miners at it, so its performances will not hit Pyramining.

For the future things can only improove, and ASIC technology can only positively impact Pyramining: new infrastructure will be bought at even better price/performance ratio.

Anybody knows how today's Butterfly announce of the ASICs is going to affect pyramining deposits?

I don't know if it's worth to mention, but on the roof of the facility that hosts Pyramining there is a PV plant (PhotoVoltaic) of 70KWp, producing a bit more than 60000 kW/h per year . It has been installed previously for other reasons, and doesn't feed equipment directly but injects power into the grid. Pyramining is consuming actually ~25000 kW/h per year, and the whole infrastructure (that exists beside Pyramining) is still under 60000 kW/h per year, so actually I can say it's running on green power.

http://pics.agaland.it/~pyramining/photo/photo_thumb.php?dir=505620706c616e74

It's password protected, password is:   sunpower!

If Pyramining will keep growing at this pace, this plant will not be enough to support it completely. In order to prevent pollution, I will take actions to expand it by installing PV cells over other buildings. I can't guarantee that Pyramining will always run only on green power, but I will do my best efforts to try.

I intentionally designed links to expire. There are several reasons for this, for example, it wouldn't be nice if someone posts a link in a "lucky" place that comes out as the first link on a google search: he would get a lot of referrals while others not. Another reason is that it would be a waste of resources if someone posts a link somewhere, his account gets completely rewarded (and then inactive until he deposits again) and he still keeps getting referrals without gaining anything from them due to the "inactive" status of his account. I think that this way is better, everyone has to actively "grow" his referrals portfolio, keeping an eye open on what happens.

Pyramining doesn't support "quitting", I am just considering an agreement with "The Rock", which is a separate independent company.

The cost incurred by "quitters" is "eaten" by The Rock (Eliale), who becomes the owner of the position previously open by the quitter. On the Pyramining side nothing would change, the account remains active with its owner replaced.

Equivalent Hashing Power doesn't drop, and nothing changes to other members.

The only case scenario that is coming on my mind, under which Pyramining could not generate profit anymore, is where for an unexpected natural disaster all the equipment gets destroyed. I think that the chances are _extremely_ low.

If Pyramining business will grow big enough, I will geographically distribute all the mining resources ro further reduce those risks.

Coinworker's great, but one word of advice: Don't do anything worth less than five points. The best ones are near the bottom and say "Answer a few questions about a website", but all of the 10+ point ones are worth it.

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) ).

David_Benz:

A friendly note. You continue to pretend that physical violence will ever come from threads here (childish as all hell) and you continue to state things that are completely ignorant but appropriate for a passionate newbie.

Take some friendly advice and take everything with a grain of salt, do some homework, and stop listening to the conspiracy theorist loonies on this forum. Not every successful company is of Free Masonry, witchcraft and evil. You'll also have to prove your claims that any of it -is- evil because so far I'm just seeing a random nobody on a forum who thinks he's Atlas reincarnated.

We don't need another Atlas. We already have more than one (everyone is Atlas!)

On that note, you seem to be passionate about "saving" bitcoin, but I wasn't aware it was failing. Do you realize that your argument is insulting to everyone on both sides of the arguments? We're either supporting a failed concept (because it needs saving) or we're supporting evil (because you said so). Get a grip.

(And yes, I'd gladly tell you to get a grip to your face, in a cage, in a tree, on a box, with green eggs and ham etc who cares where or how)