Burst Vs Storj Sept 2017

[stugots2]

I know this has been discussed over and over.

in fact search for this in google and a thread to this site shows up lol

BUT as of today 9/24/17

which is more profitable to mine??


I ask because I just got ahold of 25 external 5TB USB 3.0 Hard drives (and I have a server with 64GB of Ram) and another round of 25 Drives on the way.


So for me this is a very valid lol

[1714774187]

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[1714774187]

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[stugots2]

Also seems that Burst has pools

[dj--alex]

storj - i share 200Gb about 2-3 days  and i have only 1.5Gb info and 0 coins of course

[4ward]

It takes lots of time to fill Storj capacity (as in days/weeks) and the payouts are monthly
With Burst, you would get payouts each day (depending on the pool rules)

I suggest create several small Storj shares (even like 50GB for start), by the amount of cores you have and create Burst plots on rest of the space you have.
Once the Storj capacity gets close to your set limit, increase the allocated space (just edit the config and restart)

[stugots2]

from the time I looked at Burst until now profits have gone down 50% literally!!!!

[stugots2]

http://burstcoincalculator.com/

[Ayers]

i like burst more, because you have control over your mining  farm, you can buy cheap tera and ern something and they don't consume anything, but both coins are not that good because the supply is too high

[stugots2]

what kind of profit per TB do you see if you don't mind me asking? because real world is much different then estimates

[shibob]

I'm mining Burst just because I dont really know how to manage Storj mining, it's unclear for me, I tested it with 5Tb in a week, and no share, so I backed to Burst. Actually, if I have more money for mining, I will pay for GPU, not for HDD, it seems very long ROI.

[GabryRox]

I don't know much about storj but I can share some insight on BURST since I've been mining it almost a year now...

Firstly, rewards tend to be very volatile. As an example, I have about 55TB divided on 2 PCs (38+17).  2 weeks ago, I hit like 3-4 blocks and averaged 612 burst/day during that week. However, the very next week, i hit zero blocks and averaged a measly 78 burst/day.  My 8-week average is at 303/day, so about $2.40 at current prices. I've already ROI'd all 12 of my HDDs so everything from here on out is pure profit.

The other thing to factor in is price fluctuations. Burst tends to fluctuate more than your average alt imo. It is currently at about 33% of the all-time high of ~2.5 cents a few months ago.  I originally was of the mindset to just keep holding all my Burst, but when the attacks started up a few months ago, I decided to sell off more than half when it reached near 1.5 cents again, which is how I paid off all my HDDs.

Something you should know before getting into Burst is that there are some very shady characters that seems to have a lot of control in that community.  There have been numerous issues with wallets going down, network being down, etc, etc and apparently, this was a result of main players in the burst community that decided to start hacking to air their grievances. IMO, this is why Burst hasn't taken off as much as a lot of people thought it would. But, even with that, it has still been quite profitable over the past year, and if they ever get their $hyt together, it could have even more potential.  The fact that it takes almost zero power should be a huge allure to miners, since that's the primary concern with other coins that you don't have to worry about at all with Burst (or storj).

[GabryRox]

I'm mining Burst just because I dont really know how to manage Storj mining, it's unclear for me, I tested it with 5Tb in a week, and no share, so I backed to Burst. Actually, if I have more money for mining, I will pay for GPU, not for HDD, it seems very long ROI.

It's a bit of a tough call, especially with ETH mining EOL on the horizon.  At current price of $.008, ROI on a $120 HDD is about 590 days so not great for sure.  If price goes back in the $.012 range, that drop to under 400 days, so still not great. Recent high of .015 gets it to just over 300 days.

Contrast that to a GPU... I will use RX470 since thats what I have. Currently profit on ETH is about $.65 per GPU. Used price for 470 currently about $250, so that's 385 day ROI, or about the same as Burst if at .012.  But the downside of GPU right now is that ETH is going to be effectively EOL by or before end of 2017.  So, you have to ask yourself what the long-term situation is going to be and that's a tough question.  Certainly, I would not invest heavily in 470/480 or even 570/580 now, since at current rates and pending EOL of ETH, you wont' ever ROI those unless most ETHash-based coins all go through the roof in pricing. The better option for long-term it would seem is 1080ti route for ZEC and other Equihash coins, but those suckers are $800 a pop, so you're looking at nearly $4k to build 1 4x1080ti rig!  Maybe you get $3-$4 at best per 1080ti/day, so you're looking at about 285 days to ROI.

[stugots2]

Don't think I'd ever BUY HDD's for this but I have them already now.

[GabryRox]

Don't think I'd ever BUY HDD's for this but I have them already now.

yup, that's a good tactic imo.  and really, there's not a huge down side to having some extra HDDs around since most people can re-purpose them.  Probably not as good resale as GPUs but definitely longer useful like for other things.

[noloco]

To mine storj you need more than one resource, storage is not enough, it requires time to fill the disks and a lot of bandwidth (incoming and outgoing) to replicate data to other nodes on the network. With low amount of data you will get almost nothing and when approaching to TB range high end servers are required...

[joshuaj]

BURST profit is getting lesser, but I think still better than Storj. I'm still using my free harddisk space to mine BURST right now.

[stugots2]

well Burst will pay NOW but once you get filled Storj is like $30 per 2TB (monthly) but when will you be filled is the million dollar question

[QuintLeo]

It takes lots of time to fill Storj capacity (as in days/weeks) and the payouts are monthly
With Burst, you would get payouts each day (depending on the pool rules)

 BURST pool payouts are often based on how much you earn - and can sometimes take a week.

 It DOES depend on the pool though - they don't all have the same identical payout rules.

[abudfv2008]

well Burst will pay NOW but once you get filled Storj is like $30 per 2TB (monthly) but when will you be filled is the million dollar question

Your calculations are wrong.
30$ per 2Tb is the price for the customer. As I remember 40% of that go to storj and 60% are divided between "miners". There are at least 3 of them to maintain redundancy (i don't remember exactly but I think it is minimum). So in the best case you will receive 20% if 30$ for storage = 6$
The is additional payment for traffic which can increase this but it is just luck to get much downloaded files.

In another words - not worth it at all.

Burst is the same 32Tb for 2 months - 60$ at current prices.
1 gpu which cost was equal to ~16TB made twice of that (at least) aproximately the same time - it is 80$ still on balance but sold around half already.
HDD mining can be done if you have money for long term investment but don't have electricity/space for additional GPUrigs. Just to make some more, rather stable, profit from existing rigs.

[stugots2]

I actually got those #'s from the chat on Storj lol

[joshuaj]

well Burst will pay NOW but once you get filled Storj is like $30 per 2TB (monthly) but when will you be filled is the million dollar question

Your calculations are wrong.
30$ per 2Tb is the price for the customer. As I remember 40% of that go to storj and 60% are divided between "miners". There are at least 3 of them to maintain redundancy (i don't remember exactly but I think it is minimum). So in the best case you will receive 20% if 30$ for storage = 6$
The is additional payment for traffic which can increase this but it is just luck to get much downloaded files.

In another words - not worth it at all.

Burst is the same 32Tb for 2 months - 60$ at current prices.
1 gpu which cost was equal to ~16TB made twice of that (at least) aproximately the same time - it is 80$ still on balance but sold around half already.
HDD mining can be done if you have money for long term investment but don't have electricity/space for additional GPUrigs. Just to make some more, rather stable, profit from existing rigs.

Yes, I agreed. Burst mining is good for gpu mining rig after you have full slots, earn some extra profits from existing mining rig.