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noun:
1: Play on words between ferrite and [pyramid scheme].
Refers to a group buy for a type of custom-made, massive UU ferrite power cores intended for use in a high voltage 20kw power supply. This [offer] was created by one hobbyist. The price of this ferramid (OG / True Ferramid) goes down with increasing quantity, hence the [pyramid scheme]

history:
Shortly after its arrival, many have tried to copy the True Ferramid despite having fuckall in either money or knowledge. Notable attempts include: chinamid, germanmid, metglasmid, 50ALLamid, the Amazon mini core ferrarray combo breaker, and the airmid, who all came from different sources and have different properties. As of [December 3rd], two main ferramid contenders for another group purchase were produced: the TSC CRAZYHORSE ferramid (8kw) and the Ferroxcube 3C90 ferramid (8kw). The Ferroxcube variant won, because the TSC ferrite was a dirty fucking scam, fuck you TSC, and probably some other reasons too

2: can refer to any epically large ferrite core that you and your inexperienced zoomer eyes are amazed by

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