🔴[ANN][BURST][PoC] Burstcoin | Hard Fork Coming Approximately June 20th

[minerja]

Initial investment is $600. Joined the ship last month with three 8tb seagates. Let's see how long will it take to get my ROI. If the mining difficulty keeps rising and the prices stay the same it'll probably take forever and soon my 24tb  rig will be worthless. Plotting took too long with my laptop and collected only a few rounds of payments in the first month.

Hi, i have a similar setup, and i have worked out ROI to be nearly 2 years at current rates....we're joining about 1 year to late. I believe this coin peaked about 8 months ago.
J

It's not that bad as you saying it is. Here's my current calculation:

Code:

Days mining: 11
BURST per day: 24.79
USD per day: 0.65
ROI: 0.59%
100% ROI in [days]: 170
Current 100% ROI rate [days]: 181

That's without any power costs, as I have server running anyway. And it's also mining on CPU, making extra 0.5$+ every day.

Not sure how you got ROI 0.59%, but
say 25 Burst / day = $0.65, u spend $600, so $600/$0.65 = 923 days (you are earning less than $1/day, so even at $1/day it would take 600 days, nearly 2 years) - I think you are a factor out on your calculation - sorry

[GrassBite]

Yeah, I think you need to revisit your calculation.

In 170 days you make 170 *.65 = $110.

How much did in invest?

Instead of buying another drive, I just spent $150 on Burstcoins at $.03.  So, 5000 burstcoins.  Kinda puts me ahead in the game if it moons   You will get to 5000 coins in 400 days!

[mindrust]

Used to be 6 months a month ago in January.   That's when i said to myself "Burst mining looks incredibly profitable why am I not mining it?" Feel like scammed but on the other hand dymaxion and PoC3.0 looks very promising so i'll keep holding&mining. I may even increase my mining power.



I am pretty sure it'll reach at least $1/burst If PoC3.0 does what it promises. (payment method and decentralized storage)

[crypto_curious]

Yeah, I think you need to revisit your calculation.

In 170 days you make 170 *.65 = $110.

How much did in invest?

Instead of buying another drive, I just spent $150 on Burstcoins at $.03.  So, 5000 burstcoins.  Kinda puts me ahead in the game if it moons  You will get to 5000 coins in 400 days!

You guys are absolutely right, my calculations were wrong. I had there 1/170 of cost returned, not days to ROI. So now I corrected it:

Code:

Days mining:	11
BURST per day:	25.87
USD per day:	0.68
ROI:	0.62%
100% ROI in [days]:	1788

EDIT: I also just bought 5537 BURST for 1 LTC. 

[pinkflower]

Hello miners. I want to ask which mining pools do you use? There are mining pools out there that dont support the hard fork to Dymaxion as mentioned in /r/burstcoin.

Im banned there for spamming lol, but you can join the discussion here. 

Tell Pilotman, the mod who banned me, I said hi lol.

Quick check for and... Yes, my pool supports Dymaxion. I am using 0-100 cryptoguru because I am small miner with less than 20TB.

Good, I hope the others who are not in a pro-Dymaxion pool transfer right away. We need Burst to move forward.

Its also in your interest as miners for the Dymaxion to be activated. Think of the quicker ROI you will have if Burst is trading on $1.00.

[dasgardo87]

do someone found asic for this coin?? the network for june 2017 and january 2018 the huge gap before and after those month is so unnatural, its like someone knows to mining it in "smart" ways

anyway what developer says about it?? and can someone tell me where i can read about any news from developer?? thank you guys

[bitChipper]

People are making it seem like burst isnt profitable to mine anymore with the price being what it is...also i think that the distribution is almost over too right? only like a couple more years of mining?

its a shame, I think HDD could really have a place within crypto, i dont understand why there are not any forks or clones of burst, HDD space could easily be plotted, mined with and then still retain its value as simple storage...

anyone know of any other coins that have HDD mining?

[cesmak]

do someone found asic for this coin?? the network for june 2017 and january 2018 the huge gap before and after those month is so unnatural, its like someone knows to mining it in "smart" ways

anyway what developer says about it?? and can someone tell me where i can read about any news from developer?? thank you guys

No ASIC, no "smart ways", read about this technology before making this statement, Proof of Stake, is something that is done by pre-calculating and saving this pre-calculated hashes on hard disks, so no way to have a smart and not natural way to earn this coin, you have to put in a computer hard disk space to save calculations, when you have done, you start the process of mining, that is a complex operations, that involves the reading of what you generated. Prices swings on 2017 happened because some people found a bug in the wallet and flooded, pratically a ddos attack, the network, after a series of fighting to reach a "supposed" supremacy in the leading of burst developing, ended, probably whit more blood than gains. now the project is again in other hands, and seems (i repeat, seems) that bugs are closed and that the network is safe.

[etheman]

Good work, i really like this ideal. Save power, save the world !

[glennmatthew]

do someone found asic for this coin?? the network for june 2017 and january 2018 the huge gap before and after those month is so unnatural, its like someone knows to mining it in "smart" ways

anyway what developer says about it?? and can someone tell me where i can read about any news from developer?? thank you guys

No ASIC, no "smart ways", read about this technology before making this statement, Proof of Stake, is something that is done by pre-calculating and saving this pre-calculated hashes on hard disks, so no way to have a smart and not natural way to earn this coin, you have to put in a computer hard disk space to save calculations, when you have done, you start the process of mining, that is a complex operations, that involves the reading of what you generated. Prices swings on 2017 happened because some people found a bug in the wallet and flooded, pratically a ddos attack, the network, after a series of fighting to reach a "supposed" supremacy in the leading of burst developing, ended, probably whit more blood than gains. now the project is again in other hands, and seems (i repeat, seems) that bugs are closed and that the network is safe.

Yes, there are no ASICs, the the hightened network activity was probably due to people looking for other mining alternatives when the ETH minig craze began, and GPU's were incredibly overpriced.

Developer updates :
https://www.burstcoin.ist/

There is a weekly update on Sundays. Really good reads

[pinkflower]

do someone found asic for this coin?? the network for june 2017 and january 2018 the huge gap before and after those month is so unnatural, its like someone knows to mining it in "smart" ways

anyway what developer says about it?? and can someone tell me where i can read about any news from developer?? thank you guys

No ASIC, no "smart ways", read about this technology before making this statement, Proof of Stake, is something that is done by pre-calculating and saving this pre-calculated hashes on hard disks, so no way to have a smart and not natural way to earn this coin, you have to put in a computer hard disk space to save calculations, when you have done, you start the process of mining, that is a complex operations, that involves the reading of what you generated. Prices swings on 2017 happened because some people found a bug in the wallet and flooded, pratically a ddos attack, the network, after a series of fighting to reach a "supposed" supremacy in the leading of burst developing, ended, probably whit more blood than gains. now the project is again in other hands, and seems (i repeat, seems) that bugs are closed and that the network is safe.

Yes, there are no ASICs, the the hightened network activity was probably due to people looking for other mining alternatives when the ETH minig craze began, and GPU's were incredibly overpriced.

Developer updates :
https://www.burstcoin.ist/

There is a weekly update on Sundays. Really good reads

I post the weekly reports here too! Check this thread Burst weekly report! The future is bright! .

I encourage all of you to go there an make a post or two and help me make more people aware about Burst. It would also be good to have good and smart conversations about Burst in the forum, like what they have in /r/burstcoin.

[denisblabkgt]

Does anyone use creepminer in ubuntu? why install-poco.sh no longer exists in creepminer folders?

[crypto_curious]

Does anyone use creepminer in ubuntu? why install-poco.sh no longer exists in creepminer folders?

Two days ago I installed new version of creepminer on Linux Mint, which is the same as Ubuntu. I followed instructions from git and didn't had any problems.

[denisblabkgt]

I wear
1 ° git clone https://github.com/Creepsky/creepMiner
2 ° cd creepMiner
3 ° sh ./install-poco.sh
I get it later
4 ° sh: 0: can't open ./install-poco.sh
5 ° ls
and the install-poco file is not there, I've used everything, but it's no use because this file is not in the creepminer folder, I tried to install it manually but I get errors.

Can someone help?

[dasgardo87]

I wear
1 ° git clone https://github.com/Creepsky/creepMiner
2 ° cd creepMiner
3 ° sh ./install-poco.sh
I get it later
4 ° sh: 0: can't open ./install-poco.sh
5 ° ls
and the install-poco file is not there, I've used everything, but it's no use because this file is not in the creepminer folder, I tried to install it manually but I get errors.

Can someone help?

Yes i also stuck at process number 4,  can someone help us?? thank you

I am using this method https://github.com/Creepsky/creepMiner/wiki/Compilation-&-Installation-on-Debian-Linux

[crypto_curious]

I wear
1 ° git clone https://github.com/Creepsky/creepMiner
2 ° cd creepMiner
3 ° sh ./install-poco.sh
I get it later
4 ° sh: 0: can't open ./install-poco.sh
5 ° ls
and the install-poco file is not there, I've used everything, but it's no use because this file is not in the creepminer folder, I tried to install it manually but I get errors.

Can someone help?

Yes i also stuck at process number 4,  can someone help us?? thank you

yeah, you go to this file https://github.com/Creepsky/creepMiner/blob/master/README.md
Steps:

Code:

For all others:

    Install Python
    Install Conan: pip install conan
    Install Poco: conan install . -s compiler.libcxx=libstdc++11 --build=missing (inside the creepMiner root dir)

Where do you see "sh ./install-poco.sh" there? 

[dasgardo87]

I wear
1 ° git clone https://github.com/Creepsky/creepMiner
2 ° cd creepMiner
3 ° sh ./install-poco.sh
I get it later
4 ° sh: 0: can't open ./install-poco.sh
5 ° ls
and the install-poco file is not there, I've used everything, but it's no use because this file is not in the creepminer folder, I tried to install it manually but I get errors.

Can someone help?

Yes i also stuck at process number 4,  can someone help us?? thank you

yeah, you go to this file https://github.com/Creepsky/creepMiner/blob/master/README.md
Steps:

Code:

For all others:

    Install Python
    Install Conan: pip install conan
    Install Poco: conan install . -s compiler.libcxx=libstdc++11 --build=missing (inside the creepMiner root dir)

Where do you see "sh ./install-poco.sh" there? 

I am using this method https://github.com/Creepsky/creepMiner/wiki/Compilation-&-Installation-on-Debian-Linux

Ok thank you will try it now

[crypto_curious]

Please do and let us know once you finish:) I was suprised as well that now it require to install some extra python stuff (conan and poco), before it wasn't needed at all. But using that readme file, it went smoothly and I am mining now without any problems.

[dasgardo87]

Please do and let us know once you finish:) I was suprised as well that now it require to install some extra python stuff (conan and poco), before it wasn't needed at all. But using that readme file, it went smoothly and I am mining now without any problems.

Now i am finish install the creepminer

I think i know the problem

Either install POCO with your package manager:

apt-get install libpoco-dev

Or if you want the latest release of POCO, run the POCO install script (it will download and install POCO for you):

sh ./install-poco.sh


so actually it seems  i dont need sh ./install-poco.sh

since for now i am not finish my plot, will update again when my plot ready , anyway thank you for your help

[crypto_curious]

My newest calculations:
Days mining:   16
BURST per day:   24.14
USD per day:   0.86
ROI:   1.14%
100% ROI in [years]:   3.84