having fun mining this yet ? 50T useless, one idiot took over your entire network let me see current price.. the 2 digit is not going to happen right away (because you have to have sellers) but it is coming well.. buyers too , someone will have to take the dump from that one single miner of the entire network, then he/she will do it again and again recycle on your heads as many times as you allow it to happen  Bullshit. o yeah ? keep watching I say he/she is also watching this tread and probing "sentiment" and when to perform sell (it will be measured precisely) time/timing is of the essence speak tomorrow btw. the amounts will blend in subtle and across exchanges where coin is being traded, in quite stash will be unloaded in < 100K batches as not to create sense of "dump" , from multiple accounts so it will be hard to trace but you should see this pattern almost every day now thru the December |
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having fun mining this yet ? 50T useless, one idiot took over your entire network let me see current price.. the 2 digit is not going to happen right away (because you have to have sellers) but it is coming well.. buyers too , someone will have to take the dump from that one single miner of the entire network, then he/she will do it again and again recycle on your heads as many times as you allow it to happen |
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Thanks for your contribution, just great  Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K. Please correct me if I'm wrong. But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible. Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling? this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below.... so i think he has a long term strategy, if he has one. clones will bring BURST price to one digit.. also I know supernet is looking for coins and there will be consolidation, almost sure right now someone is coding POC and + tech as we speak, it will be fierce next year.. that entity , the idiot, with the the, has no idea how flexible market is I hope he did not unload 1000's of dollars for nothing, pain is coming burst wont settle anywhere below the current price unless btc raises 10 times till christmas. the more big players start to mine the faster burst becomes one of the top coins. the whole thing is not about the distribution a coin has. it is more about how people yield profits out of a coin. if someone plays pump and dump with 10 percent of all coins there are people who profit and people who loose. this is how things work. nevertheless if today someone is able to forge 140 blocks a day and the network grows fast enough it will be only 70 blocks in four weeks and much more less in relation to the total supply  strongly disagree, I will bet you 3 BTC coin will end up in 2 digits range in January also clones will kick in all this talk is so because you might have 1 and > million BURST.. be careful I am stopping to post right now.. and yield others.. but not great things have happened in the last week... see you at some later time |
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Thanks for your contribution, just great Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K. Please correct me if I'm wrong. But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible. Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling? this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below.... so i think he has a long term strategy, if he has one. clones will bring BURST price to one digit.. also I know supernet is looking for coins and there will be consolidation, almost sure right now someone is coding POC and + tech as we speak, it will be fierce next year.. that entity , the idiot, with the the, has no idea how flexible market is I hope he did not unload 1000's of dollars for nothing, pain is coming |
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Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
A half a dozen of whales can crash the price down to 1 sat atm, looks like we'll have soon a new kid on the block. As for the profitability - rented VPS would be probably bad news - it means they have enough capital to start pumping the market for a final dump and let the P&D carousel seen in other pumpcoins spin out of control in their favour. So I'm actually a bit relieved the market is in standstill now. There are more cheerful explanations. Some of you may know I've been shopping for investor to realize what dev has been promising in rudimental fashion - actual storage "powered" by BURST (in reallity, gaining edge over competition thanks to mining BURST). So here's the plan - start a classic cloud-dropbox, service which would also mine BURST. You dedicate X TB for clients, but they dont usually use it all, basically rent the promise they can start using it anytime they want. Then, one just deletes plots to make up free space as necessary. It may be possible someone beat me to it, but there's a catch - there's not been announcement of that service. PS: I'm still looking for investors, I'd like to do it in fiat (signed agreements, shared incorporated ltd etc), DEX asset would be supplemental at best, currently there is not enough market depth to raise capital for anything worthwhile. I can almost guarantee you standstill, also watch price even right now plummet like really fast (I am rarely wrong) I feel its too early for your proposal as I sense clones coming to the market next year.. idiot doing what he is doing right now will experience negative cash flow wanted and discussed with few possibility of BURST being included in the supernet... that would be big.. but this idiot is causing havoc, if I would not any better based on the market price he is trying to take BURST out of the picture in the preparation for a clone now if that is the case I am changing word idiot to sophisticated but unethical idiot has added more storage drives Today also, rest of you might as well stop mining |
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one word to the industrial miner idiot, BURST is now 0.00000111 BTC and falling possibly to 2 digits the idiot because smart he ain't turned off his cluster and r-enabled it again, he is now mining almost half the network also he will be trading with himself as well the idiot should be aware that proper distribution spread amongst users (potenially who will conduct commerce in the future) is crucial to the success or no one will touch this crypto, go ahead spend your money and kill the coin |
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All Top 10 adresses are mining since 3 weeks.... so they are new to burst, but they mining to long to explain the diff increase of 4pb since a week.......
Yes but there are more then 300-400 new accounts that all started solo mining in the last few days. The age of these new accounts is between some days and a few hours. New accounts from 26th nov - 2nd dec: 801 New accounts from 19th nov - 25th nov: 262 This are more then 500 new accounts as usual in the same time frame. Most of these accounts started solo mining and this explain the diff increase of 4pb. just awesome, thank you for this research! I care much much less now for network diff increase, this is great for BURST market so these accounts turned on over the long weekend , in a short time delta.. then turned off.. these drives can not be reused for something else.. interesting.. veeery interesting +1 That's almost conclusive evidence: Someone or a group have access to a huge amount of VPS's (or a few huge servers) and plotting 30-50TBs for each new account and lets them solo-mine. Awesome research! They most either have substantial costs for this (speculating) or they somehow have free or almost free access to unused space somewhere. As said, it's interesting that they aren't selling... Can you do a rough estimate on how many coins they can have accumulated so far? ayyy.. but of course not human beings but could be one or a syndicate and 100's of accounts... back to square one.. selling at such a low price.. could be accumulating and holding.. also this requires ultra logistics and discipline and work to plot all these drives ... I mean clone is also possible... under diff account (same nounces) .. anyways.. still A LOT of work ... thanks again for your research... |
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first thanks for your work.. have a problem.. and asking if you know why BTCD wallet on Cryptsy is stuck on withdrawal (pending state for over one day now...) contacted their support promise of resolution but nothing so far... but maybe you have experienced the same thing
thanks so much and will vote for above as well, find supernet very futuristic concept.. hopefully also charitycoin can be somehow resurrected in all of this... a very important coin/concept
thank you!
It's been said before, don't use Cryptsy. They are not willing to process withdraws for BTCD. I've had this issue months ago, and as a test, tried them again last week and they STILL do not process withdraws. Occasionally they will, but as of late they are not. So stay away from Cryptsy.now the reason why ? very strange They want to keep them and stake them? dough.. of course.. since the whole market is deregulated.. I mean unfortunately I have now 0 BTCD in the wallet ... sad all of this, was excited about owning this coin... one of the top (my opinion) I ended up have them cancel the order and sell them back to BTC. Conveniently I made more BTC hah, but then sent BTC to another exchange and bought my btcd back. thank you! will try to do that.. I would rather keep BTCD due to the supernet and "going beyond" BTC.. thanks again.. will let all know how it goes ----- UPDATE ---- Happy to report that I reclaimed my BTCD, I have asked Cryptsy to cancel BTCD withdrawal request soild it for BTC then transferred to another exchange and re-bought (for a bit of loss but manageable) thank you above for the awesome suggestion, coin has fantastic design... cheers |
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first thanks for your work.. have a problem.. and asking if you know why BTCD wallet on Cryptsy is stuck on withdrawal (pending state for over one day now...) contacted their support promise of resolution but nothing so far... but maybe you have experienced the same thing
thanks so much and will vote for above as well, find supernet very futuristic concept.. hopefully also charitycoin can be somehow resurrected in all of this... a very important coin/concept
thank you!
It's been said before, don't use Cryptsy. They are not willing to process withdraws for BTCD. I've had this issue months ago, and as a test, tried them again last week and they STILL do not process withdraws. Occasionally they will, but as of late they are not. So stay away from Cryptsy.now the reason why ? very strange They want to keep them and stake them? dough.. of course.. since the whole market is deregulated.. I mean unfortunately I have now 0 BTCD in the wallet ... sad all of this, was excited about owning this coin... one of the top (my opinion) |
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All Top 10 adresses are mining since 3 weeks.... so they are new to burst, but they mining to long to explain the diff increase of 4pb since a week.......
Yes but there are more then 300-400 new accounts that all started solo mining in the last few days. The age of these new accounts is between some days and a few hours. New accounts from 26th nov - 2nd dec: 801 New accounts from 19th nov - 25th nov: 262 This are more then 500 new accounts as usual in the same time frame. Most of these accounts started solo mining and this explain the diff increase of 4pb. just awesome, thank you for this research! I care much much less now for network diff increase, this is great for BURST market so these accounts turned on over the long weekend , in a short time delta.. then turned off.. these drives can not be reused for something else.. interesting.. veeery interesting |
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will be a bit sarcastic here the 50 workstations will then buy and sell BURST to each other at 1 satoshi.. I hope not.. joking a bit, but you get my points
I was kinda hoping it wouldn't be the case in the begining, but now its obvious BURST is suspectible to industrial mining like anything else. It never really claimed otherwise - coin distribution "fairness" ( what? you gotta pay big in order to win big, assuming you can afford to ignite the feedback loop. Thus no fairness at all - at least Marx says so.) is a bit of pipe dream in cryptocurrency world - with the possible exception of early adopters. The selling point of BURST is that it's much greener than CPU mining (capex/opex ratio is much better than PoW). Accidentaly, thats what makes it more suitable for DIY mining at home. Anyone can easily have 3PB in their garage - it's only ~3-4kW of power or so (opex), but initial investment is huge - $100k (capex). ASIC miners worth of $100k consume at least ten times more. The need for air conditioning favours large warehouse operations, not garages, but DIY at home might not last forever either - the most efficient juke-box based BURST systems take a lot of space. awesome post... people forget something.. they forget that one can not force anyone to purchase their capex expenditures so unless industrial miner slows down, no one will invest ... however IF number of accounts goes up EVEN at high low whatever network capacity , that is good.. very good and investors do pay attention to that (savvy investors) checking # of accounts as we speak.. also magnetic drives manufactures could easily corner this although there are specific Federal regulations against it.. but in foreign countries who knows! regardless my statement above applies to them as well.. they can mine even 80% coin supply and end up with no buyers |
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first thanks for your work.. have a problem.. and asking if you know why BTCD wallet on Cryptsy is stuck on withdrawal (pending state for over one day now...) contacted their support promise of resolution but nothing so far... but maybe you have experienced the same thing
thanks so much and will vote for above as well, find supernet very futuristic concept.. hopefully also charitycoin can be somehow resurrected in all of this... a very important coin/concept
thank you!
It's been said before, don't use Cryptsy. They are not willing to process withdraws for BTCD. I've had this issue months ago, and as a test, tried them again last week and they STILL do not process withdraws. Occasionally they will, but as of late they are not. So stay away from Cryptsy.now the reason why ? very strange |
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first thanks for your work.. have a problem.. and asking if you know why BTCD wallet on Cryptsy is stuck on withdrawal (pending state for over one day now...) contacted their support promise of resolution but nothing so far... but maybe you have experienced the same thing
thanks so much and will vote for above as well, find supernet very futuristic concept.. hopefully also charitycoin can be somehow resurrected in all of this... a very important coin/concept
thank you!
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@katlogic great points ... also imagine if network capacity shoots up pass 20 Peta.. believe many will disconnect drives and further consolidate power in few hands, data centers magnetic storage is not cheap.. and rentals I see here being 80T won't suffice and yearly contract ? at 20 Peta ? might not even pay for itself.. so.. not negative here by any means.. and problems with BURST is like with anything else, consolidation in few hands.. so there is also BURST "assets" that somehow could yield value.. I just don't know
the "sweet" spot was around 5 Peta.. at which point 1000's of workstation could build up holdings.. given max number of coins.. equals nice distribution.. at 20 Peta.. there will be 50 workstations if that many
will be a bit sarcastic here the 50 workstations will then buy and sell BURST to each other at 1 satoshi.. I hope not.. joking a bit, but you get my points
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many leave their drives mining and forget about them, many use USB drives, so the network hash will always be somewhat steady someone indeed packed , continues to pack massive drives.. and price ain't going up! so he/she either a) waits for it to go up b) drives he got are free + electrical (which adds up with more drives. not like its ultra low) looks like some previous trials were performed and now he/she finally got it running steady.. for everyone else good luck to get 1000 BURST a day where before was 5 x as much 1000 BURST a day.. at 112 sat.. is.. well you do the math it is cents a drive failure could mean -150$ in the negative.. (and 50 T multiple drives failure could mean -1,000$ in the negative) good luck to us all at 12 Peta network capacity , even if you have 100 T drives and congratulations if you do, you are looking at low payouts.. which is craaazy because magnetic storage is not cheap.. I don't know how people are doing.. but this sure aint economical at least not Today |
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entered this (at yesterday's prices) love terminology: teleport/telepathy it is fun I am sure useful too will be once supernet expands and it will, thank you all who advised
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as envisioned pullback has no strength up again
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was so tempted to sell to perform a buyback but it soooo hard to get onto supernet.. not worth the risk
volume which is < 100K of although at 8 mil POW of OPAL is strong.. does not indicate "pullback" there others holding more than that and holding.. lets see.. this is actually fun
BTC volume off the peak is less than 3 to 5 BTC... this is nothing on the grand scheme of things, folks might be attempting buy backs.. for me too much of the risk
actually that reminds to check storj.. situation as they are merging forces into one under the supernet umbrella, brb
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gains slid from over 112% to 50% intraday but still very good and holding
sell off has started.. but due to supernet and possibility of DRM I am holding steady
also there is nothing more important than content.. hold that in mind
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holding well and on Sunday as someone said, should be powerful going forward, developers are Unix and C++ skilled in cryptography and distributed networking attacking correct problem which is commercialization of storage and content
If this is the case then why did they waste time building a desktop client for a centralized exchange into their wallet and not build a distributed exchange? (My guess I will be accused of spreading FUD, by asking legitimate questions.) talking with NXT as they did with storj ? |
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