I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
How many TB's of capacity are you mining with? Started small with 100 GB. Currently up to 12 TB. the net with that amount of tera is very small i calculated around $7 per months, not worth all the money that you need to spend for buying 12TB, burst was a good coin in 2014 but right now it's essentially a dead coin, it's better to use a single gpu and mine zcash, you will earn more BURST is not dead at all lol. It STARTED in 2014. Current development team has been with project about a year. If you look at some of the metrics over the last 4 - 6 months (wallets being opened, network size)...and it shows interest is gaining not dying. Just last month there were 4,300+ new BURST wallets opened...the highest month all time (except for when it was added to Polo exchange). Go to the forums and see how active the community is... As far as mining my own personal situation is I need/have extra TB for my business, I have computers on 24/7 so it's really almost no personal expense for me. Plus in general you can re-use or resell TB/hard drives. If you just want to mine and dump BURST yeah...tough to make a lot of money today. If you want to mine, invest in the Asset Exchange (and get a roi) and hold onto BURST...who knows where the price may be in the future? the forum may be active but the PRICE is dead, you can't have a good coin with a dead market, i remember it was 300 satoshi and up to 1000 at launch now it's below 70 or whatever, and it has been this way for almost 2 years, not looking good for me And how many coins have an inflated value at launch? Not saying BURST price has broken out yet, but the price has risen the past year. It may not be the coin/project for you, but a lot of what you're saying just isn't accurate. how it isn't accurate, those that i reported are real numbers, take a look at the charts of burst, if it was dumped from 1k at peak to today value, it's because the coin was not that good, its mining was very centralized, because you an have access to huge hdd mining via cloud, it's like a botnet How aren't you accurate? Just about everything you said lol. Yes...I looked at BURST's chart....a lot. I'm invested and also a miner. You looked at the chart and apparently didn't realize BURST started just over 2 years ago and made false conclusions. Nor do I think you knew about the development team situation? You said BURST was DEAD. Really? Why can I find it as active on coinmarketcap.com with volume every day? Why is it traded on 4 - 5 exchanges. I'm on my phone and don't feel like looking it up exactly but lets look YEAR OVER YEAR shall we: - About a year ago BURST sat at about 17 sats with a market cap of around 80,000 USD. The last couple of months it's been 50's - 150+ (it's currently around 58 sats) with a market cap of about 800k - 1.6 million USD the last few months (currently in the 800 - 900k range). - Network size a year ago 4,000 - 6,000 TB. Network size today is around 13,000 - 15,000 TB. - Wallets open in December '15 was about 280...wallets opened in December '16 was 4,300+. - Sorry, but you're also wrong on the centralized mining. - There are also other metrics I look at when investing in crypto (not to bore you)...that show interest in BURST the last 6 months or so has been really growing (not dying). Does all this mean actual demand for BURST is going through the roof and it's guaranteed to be the next billion dollar+ coin? Of course not. But BURST certainly is NOT DEAD. i don't mean dead as done no one will use it or trade it, i mean dead as a stagnant, here in altcoinscene when something get so bad in value and stagnant it's like being dead, no real difference i see here I guess we'll agree to disagree. I still don't know how you can come up with your latest definition of "dead" when you compare stats of BURST year over year (the rough stats I gave in my last post). Again, that doesn't mean the price of BURST has really taken off yet. But BURST has a uniqueness (that I think may appeal to a lot of folks), a dedicated team, a growing community, and more...and I think has the potential to break out. Doesn't mean it definitely will...sort of tough to predict the future. |
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Hi CryptoDude2727, Do you actively burst mining? There's something I'm curious about. Burst calculation can be done at http://burstcoin.biz/calculator. But there are no clock parameters here. For example, a 100 GB HDD space earns 6 Bursts per day. So he gets 6 Bursts for 24 hours. Do we have to keep our computer open all day? For example, if our computer is open for 12 hours, will we get 3 Bursts? I'm not sure how to answer your question. In my case I typically have my computers on 24/7...so basically I'm always mining BURST in the background 24/7. |
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I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
How many TB's of capacity are you mining with? Started small with 100 GB. Currently up to 12 TB. the net with that amount of tera is very small i calculated around $7 per months, not worth all the money that you need to spend for buying 12TB, burst was a good coin in 2014 but right now it's essentially a dead coin, it's better to use a single gpu and mine zcash, you will earn more BURST is not dead at all lol. It STARTED in 2014. Current development team has been with project about a year. If you look at some of the metrics over the last 4 - 6 months (wallets being opened, network size)...and it shows interest is gaining not dying. Just last month there were 4,300+ new BURST wallets opened...the highest month all time (except for when it was added to Polo exchange). Go to the forums and see how active the community is... As far as mining my own personal situation is I need/have extra TB for my business, I have computers on 24/7 so it's really almost no personal expense for me. Plus in general you can re-use or resell TB/hard drives. If you just want to mine and dump BURST yeah...tough to make a lot of money today. If you want to mine, invest in the Asset Exchange (and get a roi) and hold onto BURST...who knows where the price may be in the future? the forum may be active but the PRICE is dead, you can't have a good coin with a dead market, i remember it was 300 satoshi and up to 1000 at launch now it's below 70 or whatever, and it has been this way for almost 2 years, not looking good for me And how many coins have an inflated value at launch? Not saying BURST price has broken out yet, but the price has risen the past year. It may not be the coin/project for you, but a lot of what you're saying just isn't accurate. how it isn't accurate, those that i reported are real numbers, take a look at the charts of burst, if it was dumped from 1k at peak to today value, it's because the coin was not that good, its mining was very centralized, because you an have access to huge hdd mining via cloud, it's like a botnet How aren't you accurate? Just about everything you said lol. Yes...I looked at BURST's chart....a lot. I'm invested and also a miner. You looked at the chart and apparently didn't realize BURST started just over 2 years ago and made false conclusions. Nor do I think you knew about the development team situation? You said BURST was DEAD. Really? Why can I find it as active on coinmarketcap.com with volume every day? Why is it traded on 4 - 5 exchanges. I'm on my phone and don't feel like looking it up exactly but lets look YEAR OVER YEAR shall we: - About a year ago BURST sat at about 17 sats with a market cap of around 80,000 USD. The last couple of months it's been 50's - 150+ (it's currently around 58 sats) with a market cap of about 800k - 1.6 million USD the last few months (currently in the 800 - 900k range). - Network size a year ago 4,000 - 6,000 TB. Network size today is around 13,000 - 15,000 TB. - Wallets open in December '15 was about 280...wallets opened in December '16 was 4,300+. - Sorry, but you're also wrong on the centralized mining. - There are also other metrics I look at when investing in crypto (not to bore you)...that show interest in BURST the last 6 months or so has been really growing (not dying). Does all this mean actual demand for BURST is going through the roof and it's guaranteed to be the next billion dollar+ coin? Of course not. But BURST certainly is NOT DEAD. |
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About a year and a half ago I bought a couple of HDD's for Burst then switched to Storj after a few months and those drives more than paid for themselves. I stopped HDD mining some time ago though as I needed the space.
I might get back into Storj with a few drives after I figure out how much bandwidth it requires.
For laptops it's definitely a nice option (but you kind of have to buy external HDDs).
Yeah regarding BURST it depends on expectations...but you can certainly mine with a laptop safely. They actually launched an android app a month ago where you can mine with your phone under the same concept. For me, as a newbie miner BURST was a great way to start. |
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I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
How many TB's of capacity are you mining with? Started small with 100 GB. Currently up to 12 TB. the net with that amount of tera is very small i calculated around $7 per months, not worth all the money that you need to spend for buying 12TB, burst was a good coin in 2014 but right now it's essentially a dead coin, it's better to use a single gpu and mine zcash, you will earn more BURST is not dead at all lol. It STARTED in 2014. Current development team has been with project about a year. If you look at some of the metrics over the last 4 - 6 months (wallets being opened, network size)...and it shows interest is gaining not dying. Just last month there were 4,300+ new BURST wallets opened...the highest month all time (except for when it was added to Polo exchange). Go to the forums and see how active the community is... As far as mining my own personal situation is I need/have extra TB for my business, I have computers on 24/7 so it's really almost no personal expense for me. Plus in general you can re-use or resell TB/hard drives. If you just want to mine and dump BURST yeah...tough to make a lot of money today. If you want to mine, invest in the Asset Exchange (and get a roi) and hold onto BURST...who knows where the price may be in the future? the forum may be active but the PRICE is dead, you can't have a good coin with a dead market, i remember it was 300 satoshi and up to 1000 at launch now it's below 70 or whatever, and it has been this way for almost 2 years, not looking good for me And how many coins have an inflated value at launch? Not saying BURST price has broken out yet, but the price has risen the past year. It may not be the coin/project for you, but a lot of what you're saying just isn't accurate. |
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I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
How many TB's of capacity are you mining with? Started small with 100 GB. Currently up to 12 TB. the net with that amount of tera is very small i calculated around $7 per months, not worth all the money that you need to spend for buying 12TB, burst was a good coin in 2014 but right now it's essentially a dead coin, it's better to use a single gpu and mine zcash, you will earn more BURST is not dead at all lol. It STARTED in 2014. Current development team has been with project about a year. If you look at some of the metrics over the last 4 - 6 months (wallets being opened, network size)...and it shows interest is gaining not dying. Just last month there were 4,300+ new BURST wallets opened...the highest month all time (except for when it was added to Polo exchange). Go to the forums and see how active the community is... As far as mining my own personal situation is I need/have extra TB for my business, I have computers on 24/7 so it's really almost no personal expense for me. Plus in general you can re-use or resell TB/hard drives. If you just want to mine and dump BURST yeah...tough to make a lot of money today. If you want to mine, invest in the Asset Exchange (and get a roi) and hold onto BURST...who knows where the price may be in the future? |
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at the time of the first bitcoin the level of difficulty was low and mining could be done with personal computers. can i do altcoin mining with my laptop? if yes, which altcoin do you recommend?
Burstcoin (BURST) low energy HDD mining will get you in the game. I started with 100 GB of free space on a laptop top about 3 months ago. Invested in a couple of external hard drives now up to 12 TB. The more space you have the better but it doesn't take much to start. In addition to it being low energy/green, the mining process is pretty user friendly. I certainly am no tech wiz. Main BURST site - http://web.burst-team.us So far I can think of two coins Burst and Storj but Storj is a different one so might really consider Burstcoin,but you need a hard drive with a huge space to mine Burstcoin,if you want to make it profitable 2 to 10 terrabyte should be consider. I don't believe Storj is true HDD mining though right? I think you basically rent out HDD space with Storj. The green/eco friendly/low power HDD mining of BURST is definitely a cool aspect though. |
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I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
How many TB's of capacity are you mining with? Started small with 100 GB. Currently up to 12 TB. |
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Another thing that would help BURST is having places to actually spend it, like casinos and other games.
I've just added support for playing using BURST to my own arcade mentioned in my sig.
Awesome. I'll check it out. |
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I'm mining BURST fine on my laptop (as previously mentioned) with two added external hard drives. Cost to mine is essential the cost to have your laptop on. Again you're mining with free HDD space, it's not huge power consumption that burns out your computer.
3 months I've mined about 70,000 coin. Not getting rich through mining but it's a cool way to participate and get involved in the BURST community (and mining in general).
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at the time of the first bitcoin the level of difficulty was low and mining could be done with personal computers. can i do altcoin mining with my laptop? if yes, which altcoin do you recommend?
Burstcoin (BURST) low energy HDD mining will get you in the game. I started with 100 GB of free space on a laptop top about 3 months ago. Invested in a couple of external hard drives now up to 12 TB. The more space you have the better but it doesn't take much to start. In addition to it being low energy/green, the mining process is pretty user friendly. I certainly am no tech wiz. Main BURST site - http://web.burst-team.us |
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It seems the main reason demand on the coin is somehow active is because of the assets. When will supply run out, does anyone know? how many years does mining last?
I believe it was estimated at another 6 - 7 years before all coins are mined. And as someone said after that point miners will still get coin (at probably a much higher price) through transaction fees. But I like BURST because there is that hard cap to supply (unlike say Dogecoin) which I think will also help to drive the price up. |
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"This asset is basically a test, to test the waters of the BURST Asset Exchange, and verify that a larger operation would be viable."
Why would this be a "test" of the Asset Exchange for a larger operation?
Have only briefly dabbled on the AE, but it has already been successfully going. Just confused at to what this is testing?
Thanks.
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What really, REALLY drives BURST up in 2017? It will take more than a small development/feature. Something needs to happen to really DRIVE BURST up? What will it be?!
Opinions?
Lol ya. I keep a tab open with all the ANN threads of the coins I follow closely. Each and every one of them has this kind of post: "2017 is the year for 'coinX'." I'm much more interested in those that have meat behind the boast  IMO, Burst can be doing more to utilize smart contracts on the network. The coin doesn't operate like Ethereum, but it does have some of the same capabilities. I think we need to enable more devs to pursue their work on this blockchain, as opposed to others. The main selling point is 'Green Mining' because of the PoC algo. Surely there's something we can do with that besides saving electricity? I know the original Burst dev's roadmap included a way to utilize the storage of our plots. But...then he ditched the project as far as we can tell, so maybe that's a technical dead end. Haha...I know...2017 is the year of every coin. IMO....BURST has dropped the ball a bit in getting out the word on the green/hdd mining capabilities. Still amazed more in the crypto world don't know about it. Decentralized cloud storage still in the works for BURST no? Litecoin - the "little brother" of Bitcoin, became big in China. Monero - anonymity, caught on with the dark web (for better or worse). Ripple - official payment system starting to be embarrassed by big banks. Steem - has their social network. BURST - what can drive demand big time for BURST? I don't see it as of yet. |
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What really, REALLY drives BURST up in 2017? It will take more than a small development/feature. Something needs to happen to really DRIVE BURST up? What will it be?!
Opinions?
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BURST!!!
Burstcoin going large in 2017
Burst is just funny to mine...  Well I wouldn't characterize it as funny lol. But I would characterize mining BURST as easy (only need hdd space), low power, and green/eco friendly. If a dummy like me can do it, anyone can. |
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BURST!!!
Burstcoin going large in 2017
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HDD mining is new thing which I have heard, as I know you can simply mine with sata drives, it doesn't cares about ssd, you need huge amount of storage, for example 100TB to get profit from hdd mining. Nowdays more known coin is burst and you can mine it, also it's profitable now. If you are now investing money, than as one member told you, it's better to invest GPU mining.
It depends on your situation and your goals (mining BURST)...HDD you make already have, how long you're going to hold the coin. In my case I already had about 12 TB (will probably increase that), my computers are always on, and electricity costs rolled into the business. But you certainly don't need 100 TB to get the ball rolling. With your 12 TB you are going to earn about 17$ per month. That is in my mind not very profitable. 4TB HDD is 129.78$. That means for 12 TB I have to pay 519.12 $. At current price it's going to take me 2.4 years to ROI. Now even if you already have hardware are you sure you want to spend all that space and your time managing your rig for 17$ per month ? I already owned to the HDD, electricity costs me nothing, and I don't know what time you think it takes to manage 12 TB? So far one of the HDD has kicked out so I had to do a restart, about 30 seconds to "manage" it. My rig is small obviously, I'll be adding more TB. You can also buy BURST cheap and invest in assets increasing your ROI. If you expect to mine with a small amount of HDD and look to just immediately dump the coin (and expect big profit), you're right this might not be for you. Most people are looking at BURST because it may have significant potential to accrue, not necessarily it's price point today. Then it's more of a gamble with investment than mining. What if you mine this coin for like a year for example deciding to hold and price crash ? That's why you have to evaluate the potential and price point. That could happen to any coin as well. |
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HDD mining is new thing which I have heard, as I know you can simply mine with sata drives, it doesn't cares about ssd, you need huge amount of storage, for example 100TB to get profit from hdd mining. Nowdays more known coin is burst and you can mine it, also it's profitable now. If you are now investing money, than as one member told you, it's better to invest GPU mining.
It depends on your situation and your goals (mining BURST)...HDD you make already have, how long you're going to hold the coin. In my case I already had about 12 TB (will probably increase that), my computers are always on, and electricity costs rolled into the business. But you certainly don't need 100 TB to get the ball rolling. With your 12 TB you are going to earn about 17$ per month. That is in my mind not very profitable. 4TB HDD is 129.78$. That means for 12 TB I have to pay 519.12 $. At current price it's going to take me 2.4 years to ROI. Now even if you already have hardware are you sure you want to spend all that space and your time managing your rig for 17$ per month ? I already owned to the HDD, electricity costs me nothing, and I don't know what time you think it takes to manage 12 TB? So far one of the HDD has kicked out so I had to do a restart, about 30 seconds to "manage" it. My rig is small obviously, I'll be adding more TB. You can also buy BURST cheap and invest in assets increasing your ROI. If you expect to mine with a small amount of HDD and look to just immediately dump the coin (and expect big profit), you're right this might not be for you. Most people are looking at BURST because it may have significant potential to accrue, not necessarily it's price point today. |
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HDD mining is new thing which I have heard, as I know you can simply mine with sata drives, it doesn't cares about ssd, you need huge amount of storage, for example 100TB to get profit from hdd mining. Nowdays more known coin is burst and you can mine it, also it's profitable now. If you are now investing money, than as one member told you, it's better to invest GPU mining.
It depends on your situation and your goals (mining BURST)...HDD you may already have, how long you're going to hold the coin. In my case I already had about 12 TB (will probably increase that), my computers are always on, and electricity costs rolled into the business. But you certainly don't need 100 TB to get the ball rolling. |
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