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Author Topic: [Burst mining] Why did he buy 70TB of HDDs?  (Read 809 times)
sundriver
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May 29, 2017, 11:14:39 AM
 #1

https://www.youtube.com/watch?v=O3YChKaejGI

He was making (ballpark) about $50 a month... but the initial investment is high.... 70 x 1TB drives, or less larger capacity drives. Not to mention the PSU to power the HDDs.
That's a lot of hardware in an idea that may or may not work out...

What motivates someone do this?

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Jdope
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May 29, 2017, 03:40:34 PM
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That IS a lot of hardware, but its mostly initial cost, a hard drive uses about 10W (as said by his comment) so thats 640W on his rig, if he had kept his coins 69250 burst coins are now worth ~650$ so if he had used 8tb hard drives, each costing 180$ (he probably cost it more if he's using 1tb drives) that's about 2000$ in total costs, so he should ROI (based on current ratings, alt coins are on a bullish phase) in 4-5 months at max, and he would have a small electricity bill and tons of hard drives to resell at close value.

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May 29, 2017, 03:52:12 PM
 #3

That IS a lot of hardware, but its mostly initial cost, a hard drive uses about 10W (as said by his comment) so thats 640W on his rig, if he had kept his coins 69250 burst coins are now worth ~650$ so if he had used 8tb hard drives, each costing 180$ (he probably cost it more if he's using 1tb drives) that's about 2000$ in total costs, so he should ROI (based on current ratings, alt coins are on a bullish phase) in 4-5 months at max, and he would have a small electricity bill and tons of hard drives to resell at close value./b]

key part of his idea.  will be hdd resale.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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May 29, 2017, 03:54:06 PM
 #4

https://www.youtube.com/watch?v=O3YChKaejGI

He was making (ballpark) about $50 a month... but the initial investment is high.... 70 x 1TB drives, or less larger capacity drives. Not to mention the PSU to power the HDDs.
That's a lot of hardware in an idea that may or may not work out...

What motivates someone do this?




maybe they believe the coin price will be going high in the future..

or maybe they do this for fun or for his contribution to crypto world after they got big profit from buying bitcoin at 10 cent


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Icarusfixius
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May 29, 2017, 04:09:43 PM
 #5

Like Philip said resale on HD's is great. HD's hold their value very well. also with 70TB he should be bringing in quite a bit more than $50 a month. 70TB should do $150-200 a month at least
xleejohnx
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May 29, 2017, 04:16:08 PM
 #6

Like Philip said resale on HD's is great. HD's hold their value very well. also with 70TB he should be bringing in quite a bit more than $50 a month. 70TB should do $150-200 a month at least

70tb of burst mining is about 400$ A month before power
I have an old 12 bay tower server I'll setup one day for mining burst

As I see a super coin as the super highway and alt coins as taxis and trucks needed to move transactions. ~philipma1957
VyprBTC
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May 29, 2017, 04:53:15 PM
 #7

Like Philip said resale on HD's is great. HD's hold their value very well. also with 70TB he should be bringing in quite a bit more than $50 a month. 70TB should do $150-200 a month at least

70tb of burst mining is about 400$ A month before power
I have an old 12 bay tower server I'll setup one day for mining burst

About 2 months ago I was doing the math and it was less than $1/mo per TB of HDD - did GROSS profit really jump up 7x??? that can't be right is it? That would mean Burst profitability rose 3x higher than BTC??

Guess I have to relook into this thanks
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May 29, 2017, 04:56:34 PM
 #8

That IS a lot of hardware, but its mostly initial cost, a hard drive uses about 10W (as said by his comment) so thats 640W on his rig, if he had kept his coins 69250 burst coins are now worth ~650$ so if he had used 8tb hard drives, each costing 180$ (he probably cost it more if he's using 1tb drives) that's about 2000$ in total costs, so he should ROI (based on current ratings, alt coins are on a bullish phase) in 4-5 months at max, and he would have a small electricity bill and tons of hard drives to resell at close value.

Yeah probably it was all about the cost that he incurred due to the HDD. I am not understanding why you getting this all in neg side of picture. He might be Ito something where he want to increase the capacity of random access memory.
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May 29, 2017, 10:00:29 PM
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Soon to be RAMCOIN - the more RAM you have the better Cool  (samsung,kingston,crucial,hyunix etc sponsored)

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May 29, 2017, 10:28:22 PM
 #10

all set thanks!

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May 30, 2017, 12:03:09 PM
 #11

At recent BURSTcoin profitability, he should pay off those HDs in 6 months rough ballpark, perhaps less if he got some LOW COST per TB drives like the Seagate Archive 8TB model - and his electric usage is going to be VERY low, BURST is about the only coin that doesn't lose significant profitability when your electric is over 20c/kwh.


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