Bitcoin Forum

I love Burst, its an amazing project with a great GUI wallet and some really cool ideas,
but I'm wondering if anyone out there is actually MAKING money by mining this coin, or if its purely for speculation that the price will go up?
(Price is currently 63 satoshi on Poloniex as I write this.)

Even with the decreasing cost of hard drive storage, you need many Terrabytes of space to get any results.
Hoping someone with a large setup can post their cost of equipment, the amount of coins they are getting, and their expected ROI.

Most that are mining BURST already have a bunch of drives sitting and doing nothing. And with the amount of electricity it uses its pretty much free money for some.

I don't have a big rig (12 TB), but I'm mining, strategically buying quite a bit....and I'm holding.  I see big things coming from BURST, seems like a missed opportunity just to dump on an exchange.  The HDD mining is very cool though.

I know that doesn't answer you question, but just my view.  

Price very low, so not profit when minning with BRUST.

more like free peanuts, if you don't have the hdd already it's not worth it, too much of an investment for few cent

I´m curious how much you´re getting per 1TB... seems to me that the calculators are not very accurate or something might be wrong with my setup / pool?

Looks like I´m mining around 150 BURST in 24h using 6.5TB... regarding http://burstcoin.biz/calculator it should be more .. 421 for now..

Unless it's a hobby i gonna buy about 8 to 10 TB worth or doing it but it is a hobby for me and burst looks like a lot fun to learn and i can all ways use those HDD for other things ..

So I have to allocate loads of storage for mining, but not for the burst coins themselves correct?

I could easily plug up 2TB's into my computer for but unless this has promise to grow in value it doesn't seem like its worth setting up

Mining of this coin is beneficial only to holders of servers with hundreds of terabytes.

No you don't store the coins on your computer.  It does take some time to plot your hard drive but overall I found it very easy.  I mine 24/7 and even mine BURST in the background of one of my work computers I use day to day.  Have mined about 80,000 coin in about 3 months.

To others.  Yes...if your just looking to mine and dump  BUSRT the price is not that high today.  But I happen to think it's a project with great potential and the price may rise significantly in the future.  Just my opinion.  

if you think so then just buy the coin, no need to waste time and money for few satoshi

you can easily buy 100k burst with 0.075 btc and wait for the pump

I have bought a bunch of it as well.  Mining is a fun way to participate in the community for me...although I may ramp up my TB (currently only 12 TB)  significantly at some point.

It's worth doing if you already have the spare hard drive space, but it does NOT make sense to buy additional drives for BURST mining - even the low-cost-per-TH drives like the Seagate Archive series (which should work VERY well on Burst) would take FOREVER to pay off, with a significant chance of "dead drive" before it managed to do so.

 If the price doubled, that would change, but at this point the ROI payoff is measured in YEARS.

 If you're building a new machine anyway, it might make sense to "oversize" the drive a bit, but otherwise no IMO.


 On the up side, for those few of us that still have some 32-bit OS machines, the Java client WILL work on a 32-bit Java installation - one of the very FEW coins mineable at all on a 32-bit system.

I guess it depends on short term vs long term perspective and where one thinks BURST is going.

By dead drive...you mean strictly from mining BURST?  I know of people that have resold drives after mining a ton of BURST over time.   So that has to be factored in as well. 

I bought 2 HDD 3+2TB for burst mining, cost me 100$, In the first days the earning were great 0.5$-0.7$ per day, I was mining at a pool, but then suddenly the profit dropped to 0.05$ per day, I'm not sure why, maybe difficulty or the pool had only luck in the first days... So I have mined about 10$ so far which I invested all to assets... Now I'm considering to try luck on solomining or just to sell my hdd... (Storj X, maid, sia are coming  ;D)

Yes Burst is way more developed and (IMO) a better project than lots of other coins that currently have a higher price.
My goal is to get 1 million Burst for the (small) chance that it one day becomes worth something. Even at ten cents that would be a big return on the investment.
And if the price ever hit $1 I would look like a genius!

https://bitcointalk.org/index.php?topic=1746923.new#new

buy drives

I've been mining BURST for about eight months now and found 214 blocks as of today.  http://burstcoin.biz/address/17643277032552720391

Built a multi-coin mining rig with three video cards and 60TBs of drives shoehorned in a full tower case.  ETH or ZEC on the GPUs, BURST on the HDD, and whatever is profitable on the CPU.  That tower is also staking CLAMs and running various Poloniex bots!

Most of the drives I found cheap on eBay.  Spent more than I should on a few enterprise-grade drives but they keep their resale.  The payout per day in dollars is low and getting lower.  Block reward drops 5% every month.  Like all things the rich are those who got in early.  I tend not to keep the coins but prefer to either invest in the BURST marketplace or flip them on Polo.  Bots ignore BURST as it isn't traded on margin.  I'll flip any given amount by 1.5-2% every few hours when the market is sideways.  Converting to BTC isn't all bad as long as you find another way to reinvest the BTC.

BURST is energy efficient as long as the computer is already on for other reasons.  Don't power a PC for BURST alone.  Mining on a phone is dumb - you'll see way more from faucets. 

No moral to this story; just sharing my experience.

You're using the BURST marketplace to buy thing or investing on the BURST asset exchange to get a ROI? 

 Not specifically from mining burst, but just that drives DIE over time - and drives made in the last decade seem to be a bit less reliable on a long-term basis vs many older drives.
 Burst doesn't seem to put a lot of load on the drive once it's plotted.

Yeah...I don't think at all based on my experience. 

Yes to both.  BURST mining is a source of capitol.  I'm running a PC for GPU mining, might as well maximize the power efficiency.  I sell on Polo then rebuy a few sats lower and sell again.  Repeat.  A lending bot keeps it the cash active if I'm not around.  All the secondary trading makes it impossible for me to figure ROI.  It's more of a curiosity, really.

To your other point, no, it doesn't stress the drive at all beyond writing plots.  The only stress is the constant spinning motor.  SSDs are cost prohibitive unless you already have free space.  Mining software skims the data every four minutes on average, reading only a few megabytes of data for every hundred gigabyte.

I wish I had gotten in the beginning when block rewards were 10,000.  Now it's under 3,000/block.  -5% every month.

 Which reminds me - I've never had that "great GUI wallet" ever work. PERIOD.

 It appears to require you to have IE installed on your machine - I don't allow IE to exist on my machines due to it being NOTHING MORE THAN A GIANT SECURITY HOLE.

 The web wallet works, but is a PITA compared to most wallets I've used.




 Mining does actually stress the drive - but only for a short time usually every few minutes, and doesn't appear to be heavy stress - no worse than a lot of games put on a drive.

 Also, don't believe the calculators - due apparently to how the network is set up, they seem to CONSISTANTLY underestimate the "total network size" and overestimate the rewards you can expect on average.

 In a month and a half of mining, I've seen "more than the expected reward per day" exactly 3 times - and *ALL THREE* of those days were days I managed to mint a block. My AVERAGE has been consistantly less than 70% of what the calculators estimate (and that was more like 60% prior to my minting 2 blocks in the last week or so, which put me close to the "average time to mint a block" calculation.


 I suspect the "total network size" issue is due to the pools not being able to account correctly for multiple machines mining to one address - they only count the SINGLE "most valuable" machine as of the most recent block you submitted a rewardable nonce for.

Since January, price increased by 36x

what tool are u using to mine? i tried the miner on the java wallet but its stupid unstable and loses connection often

is there a C based miner that does not use java for cpu?

Blago doesn't use java and is specifically for CPUs.

not worth anymore

Is it still worth it to try to mine burst with hdd?

If you did ride on even or buying or mining BURST since january then you will surely making some serious cash as of now the price has increased just like what OP have been assumed. It does increase and for sure he is on profits now when he still holds up those burst coins. HDD nowadays in my country is quiet expensive thats why i didnt decide to jump in on this HDD mining but i would say its much more hassle free than those in GPU mining.

IMineBlocks on YouTube does a monthly video with his Burstcoin earnings from a 100TB setup:

https://www.youtube.com/watch?v=XtbYN7PUIRI

115TB Plotted Space = 26,802 Burstcoin June 1st -30th 2017

July will be interesting tho  ;)

 The total network capacity has ALSO increased a ton since then, leaving profitability more or less flat overall, with a SMALL surge in May and June when the price outpaced capacity increase.

Hi how many TB of space do you have to be making 80,000 coins in three months?

Difficulty have increased a lot in last month. Currently i mine about 8 burst a day per TB.
Almost 1.5 years of roi at $30 per tb. I stopped investing in more hdds at the moment.

so it seems it is not good for mining any more?

I new in this, and I have some capacity for this. But if is not worth any more, better not to start?  ::) ::) ??? ???

i think it is dead. The idea itself much worste then new ideas when that space on drives are used somehow and sold for storage reasons.

This coin is far from dead... it's just starting.
I suggest you do a little more research before spreading fud.

Burst is a great project, but sadly there are no incentives to mine it at the moment. Unless you have a BIG data center sitting unused seems that you would do way better simply buying it.

Are we talking about an idea or about making some profit? Profit-wise it's not worth it, especially compared to how much you can make if investing into a gpu rig, $1-2 per TB per month.

Yes.. for solo mining I agree, a lot of TB is needed.
However, you can still pool mine and you still use minimal power.  In that respect you can make a profit long term.

What will the price be in 5 years?
If it was going to $5/Burst, would you mine now?

It will most certainly rise as all coins have in the coming years.

How many coins we can mine per month using 2 TB HDD, and once it gets full we can format it and reuse or we need to buy a new HDD?
I am not thinking about present price, I am thinking about future. If we mine more coins now, it may help us in future am I right?

After seeing what happened to Burst a few months back I completely lost any interest. So many better things to mine and invest in.

As of right now 2TB would bring appx 200/month based on the burst mining calculator.

You just fill the 2TB with plot files and off you go.
You can always delete the plot files whenever you want... no need to buy a new drive.

Keep in mind, 200 a month doesn't sound like a lot.
There also was a time when 200 ltc didn't sound like a lot either  ;D

Yes, a lot of us were frustrated and pulling our hair out.
However, the issue was quickly identified and a solution was deployed in a matter of days.

It was a tough time, for sure, but we got back on track pretty quickly.

this coin could be great

This is how I look at it. If you have free power, or pay for a full circuit at a datacenter and have spare capacity and cooling, its a no brainer to use the excess space for this. Also, if you have access to a lot of spare/cheap drives this could be pretty cool. But if you set out to design a business model around buying drives, building rigs and paying for power/cooling infrastructure...you would get a lot more heading down the GPU road, especially if this coin tanks out. Personally I have several 3TB spares in my cloud platform that I'm willing to use for burst until I have need for them, but I'm not going to go out and buy new gear to do it. Just like I use my spare CPU power on my desktop to mine ETN. I'm not going to purposely set out to build a CPU mining farm, but since I have 12 cores (24 threads), I can spare 10 cores for 200h/s on ETN without degrading performance. Add to that spare cores on my R810 cloud gear (4x 10 core processors), and I have a lot of dormant CPU being used to generate some extra cash.

Just my $0.02.

i am a new starter and it is a disappointment for me.

66 tb plot and i get about 50 per day, calculators say 125-150 per day  >:(

Making more than I spend on electricity everyday, yes. Gonna make back my investment anytime soon, hell no!

I have 62 tb plotted (optimized) an I get about 85-90 BURST per day right now.

I am on a 0-100 pool POC. I tried a 50/50 pool and made less. It took 4 months to find a block.

I have mined an 8TB drive for a few days with no payout. 
I'm using this pool but have no idea how to check if they have attempted payouts or what I have earned.
http://pool.burst-team.us:8080/