This is a repost from the other thread:
I need some insight on the mining process.
I am currently on Uray's pool. Started mining this morning with a balance of 21 Burst. Mined for 4ish hours, had 40+ shares, found a block and only gained 1 Burst.
What am I missing here? I have 1.75 TB in plots which should be around 40/hour per the calculator.
Edit: At block 18303 I went from a balance of 22 to 7 after finding block 18302.
balance 22 to 7, and then how much is your TX Amount column ? |
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Another thing I don't understand is why the "Balance" column sometimes reset without being paid.
From what I see in the "How it works" page, the 50% reduction applies to shares :
"Share value reduction is 50% per block
if pool on current round does not find a block, miners shares are keep (up to 99 blocks), but their value is reduced by 50% everytime we dont found a block. when pool has positive balance, all share are summed up to block# where payment will be made, and burst payment are made proportional to total share owned up to this time"
The balance in my understandig is supposed to be left untouched till it reach or exceed the minimum payout and then reset after the payment is been issued. Is that wrong?
Again, thanks to shed some light
those words not saying anything about balance, its share value, its completely different, balance is untouched until it exceed minimum payout, then your balance will be zero and you will got payment nonce -> deadline -> CR. share value -> AR. share value -> balance -> payout |
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I need some insight on the mining process.
I am currently on Uray's pool. Started mining this morning with a balance of 21 Burst. Mined for 4ish hours, had 40+ shares, found a block and only gained 1 Burst.
What am I missing here? I have 1.75 TB in plots which should be around 40/hour per the calculator.
Edit: At block 18303 I went from a balance of 22 to 7 after finding block 18302.
I've made a similar question on the pool topic on this same forum : https://bitcointalk.org/index.php?topic=769473.msg9039195#msg9039195yeah I am still busy making https://burstcoin.io run first its a SSL secured web wallet, so i dont need to use local wallet jumping & sync between laptop and desktop, and I can access my wallet anywhere, I don't know if using SSL is secure enough for web based wallet, but I personally using this day to day. that site now working if you want to use it, but I can't guarantee for security issue, need to consult to nxt-er first if it ok to use on web as for EU pool, i am not really sure its good to time to expand mining pool, just look at pool profitability it keep declining, and miners participation is more or less constant, we need to improve burst value first. so what I planned is : 1. build mining revenue sharing on current pool, so you can sell your harddrive capacity as an asset, and my pool will split your mining revenue proportionally to asset holder 2. maybe developing desktop thin client is great, you dont need to sync blockchain, you dont need to run daemon and go to browser, it just like desktop wallet, just click and done, we can also incorporate miners and ploter inside that desktop wallet Do you mean a desktop wallet ? Yes it is a good idea , but at the moment where is the various devs ? yes its desktop wallet, but lightweight desktop wallet, you dont store blockchain locally, so you dont need to sync blockchain |
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Uray,
no news about EU pool for burst?
yeah I am still busy making https://burstcoin.io run first its a SSL secured web wallet, so i dont need to use local wallet jumping & sync between laptop and desktop, and I can access my wallet anywhere, I don't know if using SSL is secure enough for web based wallet, but I personally using this day to day. that site now working if you want to use it, but I can't guarantee for security issue, need to consult to nxt-er first if it ok to use on web as for EU pool, i am not really sure its good to time to expand mining pool, just look at pool profitability it keep declining, and miners participation is more or less constant, we need to improve burst value first. so what I planned is : 1. build mining revenue sharing on current pool, so you can sell your harddrive capacity as an asset, and my pool will split your mining revenue proportionally to asset holder, by selling an mining asset you don't need to accept burst as payment, you can accept bitcoin or fiat and then you give him burst asset for mining, so its easier if there are someone who want to invest in burst mining without any hashle to plot and configure miner 2. maybe developing desktop thin client is great, you dont need to sync blockchain, you dont need to run daemon and go to browser, it just like desktop wallet, just click and done, we can also incorporate miners and ploter inside that desktop wallet |
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uray your burstpoolv2 down during night time and your miner doesn't do automatically reconnect. I earned 170 BURST the whole night with my 100TB plots. It's very frustrating. Could you update your miner somehow to automatically reconnect to the pool after the downtime? It would be great. Thanks in advance.
yeah I am sorry about that, actually its auto reconnect, but last night the problem was both my public IP pools are changed, so the miner does not automatically resolved to new IP i will update the miner, and also maybe dcct or blago has this feature in his miner, it seems their miner more advanced than mine Hi uray, Another bug report. I got a payment from 2 BURST with > 100TB plots. Block time around 25min. Something wrong again, maybe your pool or your miner. Regards, Aizen whats your account dude?, I donet see AizenSou account on my pool |
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i think the next break through for burst will be file storage.
no, i think it should replace torrent! imagine you can be paid by serving data! because for file storage google drive is enough for me Only if the miner can control what is stored. Illegal file storage would be just what the governments need to shut down an alt and arrest people en masse, especially the DEV. did they arrest Bram Cohen because he invent torrent? i think he got award for that Look what the US did to Mega. Kim Dotcom got shafted out of his multi-million enterprise. If he had been in the USA instead of New Zealand he would have been locked away. they are out of context because they are centralized, unlike torrent |
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i think the next break through for burst will be file storage.
no, i think it should replace torrent! imagine you can be paid by serving data! Check http://storj.io/ and http://driveshare.org/  . those are not funky because it can't be mined... (or did i was wrong ?) No I think you can't mine it , but you can earn it if you offer storage data . It's the level up of burstcoin .... and the payment is not good, because you pay for some capacity on provider storage, not on what you actually used. on burst you paid for each bytes you use, its cheaper, its more redundant in burst network, and its not centralized! |
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i think the next break through for burst will be file storage.
no, i think it should replace torrent! imagine you can be paid by serving data! because for file storage google drive is enough for me Only if the miner can control what is stored. Illegal file storage would be just what the governments need to shut down an alt and arrest people en masse, especially the DEV. did they arrest Bram Cohen because he invent torrent? i think he got award for that |
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we have 4 kind of coins here
scamcoin -> shitcoin -> altcoin -> bitcoin
It should be 5 scamcoin -> shitcoin -> altcoin -> burst coin -> bitcoin u forgot about monero too  A good coin resurrected from the scampit by the community. I like it and BURST as my two favorites. I am cpu mining monero before burst... after burst come... I need those cpu to create burst plot ! so I stopped mining monero... |
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i think the next break through for burst will be file storage.
no, i think it should replace torrent! imagine you can be paid by serving data! Check http://storj.io/ and http://driveshare.org/ . those are not funky because it can't be mined... (or did i was wrong ?) |
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i think the next break through for burst will be file storage.
no, i think it should replace torrent! imagine you can be paid by serving data! because for file storage google drive is enough for me |
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we have 4 kind of coins here
scamcoin -> shitcoin -> altcoin -> bitcoin
It should be 5 scamcoin -> shitcoin -> altcoin -> burst coin -> bitcoin so anything started with B is good, anything started with S is stupid ! Stellar is shitcoin, Bitshares is good |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. Without the miner the investor would not exist. There will always be miner. Even dead coin has miner. Every single 'successful' altcoin to date has followed the pattern of: ANN Mine Listed on Exchange Pumped Dumped Repeat Pumps Repeat Dumps Coin RIP I hope that this one is different because watching Litecoin die is not pretty. i dont have any problem if litecoin die, because that coin does not give anything new to bitcoin (both are asic mined), except litecoin is priced less but if burstcoin die, its really not pretty Burstcoin has uniqueness to it. That is a good thing and I suspect that is what attracted a lot of people to it. unique itself does not enough to be great, it also need tangible value, intrinsic value, or any value ... well you know what i mean |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. Without the miner the investor would not exist. without investor miners can't dump their mined coins So we have a chicken and egg scenario. But the miner has to come first. no developer must come first, because he need to create genesis block and the one who create block is miner! soo... ok i vote for miner first, but its for first time, after that we need investor u dont even need miner. Developer himself , a single person , can be a miner. If the coin has value , other miner will come automatically. Miner is like freebie. There are good to have but not important. Premine is evil IPO is evil shitcoin is evil, everything premined, IPO/ICO is shit we have 4 kind of coins here scamcoin -> shitcoin -> altcoin -> bitcoin |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. Without the miner the investor would not exist. There will always be miner. Even dead coin has miner. Every single 'successful' altcoin to date has followed the pattern of: ANN Mine Listed on Exchange Pumped Dumped Repeat Pumps Repeat Dumps Coin RIP I hope that this one is different because watching Litecoin die is not pretty. i dont have any problem if litecoin die, because that coin does not give anything new to bitcoin (both are asic mined), except litecoin is priced less but if burstcoin die, its really not pretty |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. Without the miner the investor would not exist. without investor miners can't dump their mined coins So we have a chicken and egg scenario. But the miner has to come first. no developer must come first, because he need to create genesis block and the one who create block is miner! soo... ok i vote for miner first, but its for first time, after that we need investor u dont even need miner. Developer himself , a single person , can be a miner. If the coin has value , other miner will come automatically. Miner is like freebie. There are good to have but not impotant can developer be investor too? |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. Without the miner the investor would not exist. without investor miners can't dump their mined coins So we have a chicken and egg scenario. But the miner has to come first. no, developer must come first, because he need to create genesis block and the one who create block is miner! soo... ok i vote for miner first, but its for first time, after that we need investor |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. Without the miner the investor would not exist. without investor miners can't dump their mined coins |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. declining reward + increasing difficulaty = increase in value (well... should be) = attract more miners Miner is never as importance as investor. When investor increase the price of a coin. The coin automatically will increase in the number of miner. When there is profit , there is miner. No mater the block reward. Therefore , a coin should structure to favor investor , not miner. well... I am burst investor too, I invest in hard drive !  I am important! |
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uray Your block explorer rich lists is not update for long time. My balance is much lower than i have. And question: When next block reward reducement ?
woookeee i will update it... I thought no one care about that LOL! next block reward reducement is when mining reward become 9000 BURST / block Is it 9000 or 9025 ? It suppose to be 5% of current block reward ? If its not 5% of current reward , why don't OP state -500 per month ? Isnt that less confusing. My two BURST's worth - It is counter productive to have a coin with declining rewards as more people come in and difficulty increases. It should be just the opposite - Increased rewards with increased difficulty to give incentive and attract more miners to the coin. This is an Achilles heel in almost, if not all, cryptocoins. I have seen coin with increasing reward. And it failed. Simply because it favor miner , not investor. Investor is the one who give price value to a coin. A pro miner coin never work in long term. A pro investor coin will work in long term because investor is the one giving price value to a coin. I have seen coin with random reward. And it failed. Simply because it is... well... random! |
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