Is it possible for burstcoin to reach $0.01
yeah 3 BTC will pump burst to 200 sat, maybe 40 btc will push to 2500 sat (around 0.01 usd) |
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I just wanted to weigh in on what may be holding Burst back. First off, let's be honest - Burst coin is awesome! It brings a whole new kind of miners to the game. No more stupid SHA-256 USB miners, Scrypt kiddies, no more major investment in over-priced graphics cards that will drop in value quicker than you can say "Karmacoin"...
Burstcoin is revolutionary - it takes what virtually every computer user already has (HDD space), and allows you to make a few bucks off of it. It is the first of its kind. This is why it has BOGGLED me on why there is not more adoption among the community. Is it because all the typical miners and the typical community members are already heavily invested Bitcoin miners, Scrypt miners, Graphics Card mining, straight CPU mining??? Quite possibly...
Burst has been out about 2 months and while improvements have been made, we are not even close to being a common name in the 'Altcoin' world. Plotting/Optimizing/Staggers/Mining is misunderstood and confusing. This is to be expected with a new era of mining and I accept that.
All of this being said, I would like to present my two main points that Burst needs asap to be successful.
We need some serious media coverage. I am talking about mainstream techy websites and news sites to reach all of the nerds that hold hard drive space. Wired.com, Gizmodo, cNET, TheVerge, Toms Hardware, EnGadget, TechCrunch, PCMag, etc etc etc. [/b]These sites cater to a tech enthusiast crowd who are familiar with Bitcoin, have likely looked in to it, but think they are removed because they do not want to drop a ton of money on some fancy mining machine that has no other purpose. Present them a way that they can get involved with the 'Bitcoin Rush' using equipment that they already have, ie lots of TBs, and they would be ecstatic to get involved!! Who knows, maybe they would bring a few genius dev's along as well...
Ease of use. I know this is still being worked on, but we need easier tools to plot/optimize/mine. Install wallet, set Reward assignment, receive coin to legitimize (oopss, faucets empty?), Stagger size this, GPU plot that, optimize what, java hog who, confusing confusing confusing. Click and go type stuff is needed.
Ok all, I just had to get my suggestions out there. I would like to thank anyone who has helped me get started over the last month and all Dev's/Pool owners who have been involved in the last month. Getting up and going has been a fun challenge for me and I am looking forward to the future of mining Burst coin.
Let's get this baby going while we still have the element of surprise ("I didn't know you could earn Bitcoin with spare hard drive space???") and a lot of upside.
+1 good points, please someone do that and also move some question or discussion to reddit, because reddit is more open to public, put some on /r/cryptocurrency , /r/cryptorigporn/ , etc. so public will start questioning what is burst. and also please someone contact max keiser, and put burst to his show, also contact some crypto news site |
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it would be great if folding or any scienitific calculation process is profitable, researcher should pay miner for their computing power so if researcher earn financial benefit from their research they should pay dividend to miners
If researcher have to pay, specially non-commercial basic research as in Stanford, it would be easier for them just to buy cloud computing at Amazon or Google and don't need to deal with donors. The initial intention of F@H was and still is: volunteering contribution to science. Now that coins come into the picture is new, but the researcher can't pump their (public grants) money into those "outside" Eco systems. I could imagine they loose the grants as income. The value impression must come from the coin Eco system. That is spot on. What we have to do as the FLDC community is find value in this coin so that others will want to join on their own to receive the coin. If everyone could help in the adoption of FLDC being a Meetup currency, that would be a great start. We are working hard on making that happen but help from this community would help further along the process. We are looking nito having a shop on our website for FLDC merchandise sometime in the near future as well, but obviously that alone cannot drive the price. The big thing would be if we can implement this as a video game currency which we have been looking into, but this requires a lot of work so will take time. thats great plan, but you should consider get financial benefit from the research itself, because putting your GPU into research has great cause and benefit to mankind. for me, I am very eager to put my GPUs into helping research (and also for others GPU owners too) instead of mining shitcoin and dump them, personally even if dont get any profit as long as this system can cover up my running cost is great, because its so sad seeing those GPUs sleep doing nothing, I rather help science, but currently is not practical its more practical for researcher to rent cloud computing from amazon or google because they already have the infrastructure, the researcher can develop the software the way the know how it will be run by the service. but still it should be cheaper to rent computing power from miner, because if that is not the case miners would use power by renting from cloud instead running their gpu on garage. if somehow you can create infrastructure or protocol that allow researcher or research software to rent from decentralized network of computing power from miner, it would benefit researcher and also miner, researcher can get cheaper resource while miner can get earning from it |
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What more do you want? BURST already has more built in features than any online banking out there.
this: The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.
Have you looked to this : http://storj.io/ ?? Please people, the file storage thing is purely BAD NEWS. All it'll do is make big data centers more money. Right now data centers don't have gpu's to plot, or on their servers with lots of hdd's good cpu's. This prevents them from wrecking burst. Now most people at home have a few TB's and a GPU or at least a good CPU. Please, the file storage thing will KILL burst. Leave that to storj, and if its that critical to you, well just leave and buy lots of storj. Please the file storage will not kill the burst , don't worry ! I've only told you that there is a simple service , a decentralized storage ( called storj) . If burst will come like storj ( without lose the PoC algorithm) I think will attract more users and users  . it would not kill burst, but proof of capacity has potential to kill burst, 8 Petabytes is very small for datacenter, if they want to kill burst, they can setup a miner than hold 90% mining power, and dump all the mined burst, we need atleast total network capacity is larger than all datacenter in the world combined (just like bitcoin) as for file storage, yes datacenter will make most money out of it but it also strengthen the burst network and burst value, since all storage service data center would love to use burst protocol to provide their services |
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What more do you want? BURST already has more built in features than any online banking out there.
this: The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.
Have you looked to this : http://storj.io/ ?? what i hope the difference between burst data storage and storj.io is we are using pay by data usage instead of storj's pay for disk space, so storing small files would be relatively very cheap, this way the burst node network can evolve into CDN serving nodes other than file storage the hardest thing to design that is that you have to rely that there are some data copies available whenever you want to access them. the best would be to be able to book a certain amount of bandwidth plus a guaranteed period of time plus a specified number of copies whenever you put a storage object into the network. compared to dropbox this can be realized by folder attributes. this concept is a service and no mining except if you add a asset which can only be earned if you put a specific nonce into the storage objects. maybe if you "host" 256mb encrypted data you get allowed to add one nonce for it. these nonces have to have another weight than simple mining nonces. each time you host the file as long as 10% of the booked time you are allowed to add another nonce or the weight of yours get adjusted (similar to the timekoin generator reward). if the period of booked time for the data package has exceeded it can either get renewed and if not the accounts hosted the data can keep their nonces for that package in reverse order (10 month hosted, 20 month additional reward). technically it is like a huge private torrent network backed by the blockchain (as tracker) and miners. for me it makes most sense at the moment to add filesharing like an asset. if you want to store files you require burst to buy this asset. if you only want to host data you receive this asset and can trade it for burst. this concept utilizes the mining infastructure people have (except the bandwidth usage) to store files but also requires people to pay similar like if the miners use their infastructure for pure mining. if i say 1 gb local storage may mine 18 burst within a month and i want to have 500 copies of my data i would have to pay 9000 burst for 1 gb cloud storage at the current diff. if you reduce the number of copies to 50 1gb would cost 50 dollarcent at current prices. if the price stays stable at the current level this calculation would be fine. if the price settles at 2000 satoshi or more anytime soon its a way too expensive to use. one of the most tricky designs is to make it for the miners similar provitable to host files as to mine. tricky are the redundant copies you require. nobody finally really cares to not loose data blocks on system failures. to prevent and recover this i can think of a infastructure which maintains itself. lets say you have defined periods of time to resync your hosted files or someone else gets them assigned and payed for. also the bandwidth usage is huge. this means if someone mines today with 4 tb he could only upload on average 4gb a day and blocks his line completely. if you factor this in you come to a ratio of how many files can be stored. with todays 4500 miners 18 tb cloudstorage could be realized. if you say you keep 100 copies of the files you end up at about 200gb which every miner stores. if you try to keep everything in correlation with the block rewards and market prices its hard to predict what will happen to such a service. i think over time the redundant copies make it much more expensive to use than if you host your data on a dedicated server. i currently dont know how price structures for data hosting look like but backblaze offers a complete backup for exactly 5 dollar a month. if i sum everything up this is what a dropbox like burst extension requires: -you define the number of copies you want to have -you define the guaranteed bandwidth you can access your files with -you define how long the files shall be stored -after the defined time the storage service renews itself based on current market prices for the same time if your balance allows it -you define who can access it -miners have to have similar profits wether they store files or use their diskspace for mining (correlation between block reward and diff) -the network reassigns lost storage slots to other people if a wallet could not be accessed for a certain period of time -storage may not cost more than regular cloud storage (depends on the number of copies) Rather than trying ensure a certain number of copies, an alternate approach is to make it most profitable to host data pieces that have the fewest other mirrors. Here's what I'm thinking: Use payments for storage as a 'storage reward'. The storage reward for a file will come around seemingly randomly but selected deterministically by running network state(gensig, etc) through a hashing-based algorithm that also takes a probability of a block having a storage reward for that file. When the storage reward time for a file comes up, there will also be a deterministically selected portion of the file. Miners who have the file stored can calculate a proof-of-knowledge of that piece of the file based off a merkle tree root that was stored in the blockchain when the file was stored, and announce an intent to collect the reward containing a hash of something along the lines of sha256(userId concat sha256(knowledge proof)) so that the knowledge proof is not yet revealed. After a set amount of time, any node can announce the proof-of-knowlege. A selection method is then used to select one of the miners to receive the storage reward. Using this method one shouldn't have to attempt to ensure a certain number of copies, as the most effective method of mining is browse the dht seeking out files that have the fewest number of copies available, and host copies of them, since they offer the best chance of receiving a storage reward, as they will have the fewest amount of people competing for the reward. it seems you are using mix of term file and chunk, shouldn't we use Piece (as in chunk in torrent file) instead of file, what is pros and cons of file or chunk ? |
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sell your GPUs, buy Hard Drives, mine Burstcoin, ROI within 3 months
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What more do you want? BURST already has more built in features than any online banking out there.
this: The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.
Have you looked to this : http://storj.io/ ?? what i hope the difference between burst data storage and storj.io is we are using pay by data usage instead of storj's pay for disk space, so storing small files would be relatively very cheap, this way the burst node network can evolve into CDN serving nodes other than file storage |
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uray, your miner reads plots by 4kB chunks. Maybe better enlarge that size? Even clustersizes are upto 64kB.
And what about single read-thread per path?
yeah its possible, but currently i am busy working on wallet hy uray, which features are you implementing on wallet??? if it is possible to know!!!  i am integrating java miner & plotter into wallet, and convert it to desktop app |
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uray, your miner reads plots by 4kB chunks. Maybe better enlarge that size? Even clustersizes are upto 64kB.  And what about single read-thread per path? yeah its possible, but currently i am busy working on wallet |
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what the hell is POD ? is that shitcoin thingy ?
Proof of Dev i know its proof of dev, its 3 POD, just like bitcoin, does satoshi give his identity? POD is only for scamcoin and shitcoin, does not apply for burst |
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Yeah, let's search for investors! -Say them that dev is not posting anymore once a day, but he disappear. -Say them that the only 7-8 people posting here are the first bagholders, waiting for investors to dump theyr millions coin slowly to them. -Say them that there are already millions of wallet packed with burst -Say them to not buy hard drive,but buy directly burst. -Say them to not buy hard drive,cause they will not get roi within 3 months, and noone other POC coins will be develope from here to 10 years, so it's better to not buy HDD,cause what you can do with HDD instead mine burst?  -Say them to not invest in BTC,LTC,DARK etc etc but only in burst cause a new unique features is coming, that will make burst different from any other coin out there,and the new features is called.....NO feature,NO roadmap. -Say them to: Not invest in BTC cause BTC will die! Not invest in LTC cause LTC will die! Not invest in darkcoin,blackcoin,doge or any others altcoin cause all altcoins are just speculative FUD. BTC won't die. LTC will die....slowly. BURST has tonnes of new features...did you read the PoC bit and escrow? Dev is active, read a couple pages back. Big features planned. I didn't say don't mine...I encourage mine and buy. Dumping is fine, it means better distribution, especially slow dumping. And i personnally also have a little btc and nxt....but burst is my main coin..I believe it is the future. Or at least the closet of any coin yet. LTC won't die too. All other altcoins need unique features to survive. And i don't mean mining algo,or anon,or escrow or wallet chat. I mean literaly unique features. Then investors will came. But burst is already 2 months old,and 2 months are eternity in cryptoworld. It's already an old coin. What more do you want? BURST already has more built in features than any online banking out there. I would like to see a roadmap with dates and future development. You want my money? Perfect, give me dates for new feature,let me see that the coin is live,with working upgrades,but with dates. And i want POD! That's a priority theese days. No POD? No rise. what the hell is POD ? is that shitcoin thingy ? |
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i have over 72 GPUs sitting idle, i would love to use it for folding and earn FLDC, but running those GPUs isn't that cheap, so whats the purpose of FLDC if it doesn't have value, we can't sell it to btc so i can't pay for electricity costs, and holding FLDC doesn't even earn dividend payment
it would be great if folding or any scienitific calculation process is profitable, researcher should pay miner for their computing power so if researcher earn financial benefit from their research they should pay dividend to miners
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out of memory, my block explorer is lame, please can someone develop a better one |
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uray, I'm trying to use your miner. When it starts up, it basically reads what's in the config file, then just sits there. No errors, nothing. Any idea what's going on with it?
can you give cumshot? I mean screenshot..  Never does anything else. Edit: how do I make this image show up? Edit2: got it your O/S network fucked up, it was the problem i don't know the cause and the solution other than use another miner because i can't reproduce here, sorry about that |
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uray, I'm trying to use your miner. When it starts up, it basically reads what's in the config file, then just sits there. No errors, nothing. Any idea what's going on with it?
can you give cumshot? I mean screenshot.. |
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uray, I'm trying to use your miner. When it starts up, it basically reads what's in the config file, then just sits there. No errors, nothing. Any idea what's going on with it?
can you give cumshot? |
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Seems like the dev is actually listening and promoting... Just look at the title... Do you see POC anymore? HDD is way better!
And as I said before, you cannot promote a coin which can fail in some cases. It is important to share doubts and issues related to mining because it has both to be mined and both to be reliable.
This isn't a way to say "let's only speak about mining". Everything has to be complementary.
Instead of whining because we only speak about mining, start to speak about possible investments and strategies to raise its value. Here many people aren't only miner, they are also investors and will be glad to participate to this kind of discussion.
Don't understand why some people would complain about people asking for support for mining, this is an open thread and not moderated. These same people are judging people and/or complaining, why not be a part of the solution and be proactive? Mining question swill always exist and needed to keep the minting for the currency. They forget that this coin hasn't surpass the 6 month mark or a year yet, but already want to complain so much. If a year later there is no advancements, then they can start talking all the mess they want to. BTC and LTC had the similar judgements too in their first year. Maybe the dev can put more on the OP for promotions, products and services, open floor for people to suggest/materialize ideas. Also, maybe more assets to use with Burst. Agreed, what needs to happen is for everyone to QUIT COMPLAINING, and START HELPING. I for one, am fully mining, owning pools, hosting assets, investing in burst assets and the coin itself, and holding all that I mine. Doing all that I can to help the price, writing guides, hosting pools, sending hardware, mining for assets... anything that I can possibly do. If everyone did that, we'd already be one of the top coins. So yea, stop complaining about things, and if you think something should happen, MAKE IT HAPPEN!! my 2 burst. Your on point....Needs to be more people like you that want to support this project...People should really ignore about the price of the coin at the moment and think long term.... +1 there are very thin line between "want to invest..." and "want to speculate..." speculator intend to buy coin, and hope price will go up then they will dump it for immediate profit (thats why promotion is very important here), while investor intend to support the development, economy, and community, etc for long term profit. speculating is more into gambling, investing is more into involved i am not saying we should not promoting burst, but we can't ignore supporting the community too, right know community is full of miner thats why they keep asking & discuss about mining, we got more miner its because of the primary feature of burst is currently Proof-Of-Capacity nothing else. if we have new feature that really promote new kind of economy or transaction system or anything that will benefit for investor, i am sure this thread will full of speculator and investor, so if we want that we need to develop this one. and i am sure dev is aware of this, look at development plan, we will have Burst-ID and Advanced Transaction (escrow, subscription, reserve funds..) Very true... Negativity only detracts investors and shows discord in the community. A community showing open mindedness and solidarity will attract investors more. and also my suggestion here about attract investor (other than promotion) is, actively using existing feature like asset exhcange, escrow or digital goods. create asset, trade asset, sell digital goods, start accepting burst in real-life. make the ecosystem and economy for burst alive, i am sure investor will look into it |
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Seems like the dev is actually listening and promoting... Just look at the title... Do you see POC anymore? HDD is way better!
And as I said before, you cannot promote a coin which can fail in some cases. It is important to share doubts and issues related to mining because it has both to be mined and both to be reliable.
This isn't a way to say "let's only speak about mining". Everything has to be complementary.
Instead of whining because we only speak about mining, start to speak about possible investments and strategies to raise its value. Here many people aren't only miner, they are also investors and will be glad to participate to this kind of discussion.
Don't understand why some people would complain about people asking for support for mining, this is an open thread and not moderated. These same people are judging people and/or complaining, why not be a part of the solution and be proactive? Mining question swill always exist and needed to keep the minting for the currency. They forget that this coin hasn't surpass the 6 month mark or a year yet, but already want to complain so much. If a year later there is no advancements, then they can start talking all the mess they want to. BTC and LTC had the similar judgements too in their first year. Maybe the dev can put more on the OP for promotions, products and services, open floor for people to suggest/materialize ideas. Also, maybe more assets to use with Burst. Agreed, what needs to happen is for everyone to QUIT COMPLAINING, and START HELPING. I for one, am fully mining, owning pools, hosting assets, investing in burst assets and the coin itself, and holding all that I mine. Doing all that I can to help the price, writing guides, hosting pools, sending hardware, mining for assets... anything that I can possibly do. If everyone did that, we'd already be one of the top coins. So yea, stop complaining about things, and if you think something should happen, MAKE IT HAPPEN!! my 2 burst. Your on point....Needs to be more people like you that want to support this project...People should really ignore about the price of the coin at the moment and think long term.... +1 there are very thin line between "want to invest..." and "want to speculate..." speculator intend to buy coin, and hope price will go up then they will dump it for immediate profit (thats why promotion is very important here), while investor intend to support the development, economy, and community, etc for long term profit. speculating is more into gambling, investing is more into involved i am not saying we should not promoting burst, but we can't ignore supporting the community too, right know community is full of miner thats why they keep discussing about mining. We got more miners its because of the primary feature of burst is currently Proof-Of-Capacity nothing else. if we have new feature that really promote new kind of economy or transaction system or anything that will benefit for investor, i am sure this thread will full of speculator and investor, so if we want that we need to develop this one. and i am sure dev is aware of this, look at development plan, we will have Burst-ID and Advanced Transaction (escrow, subscription, reserve funds..) and then we will have feature that support end user : DHT offchain, encrypted messaging, voip, file storage and note that first 2 feature of burst marked as done, its miner feature : POC, Pool so its clear [ MINER ] -> [ INVESTOR ] -> [ END-USERS ] actually we have great plan for burst |
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  pool.burstcoin.io every 100th block, pool clear all the balances |
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So uray, how do i convert timestamp/block height into the date?
you need to know timestamp of block-0 then add blocktime to that block-0 timestamp you get unix timestamp of current block or you can use getTime API to get current timestamp in blocktimestamp unit, so you have reference of current timestamp in block timestamp unit |
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