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

[1715688451]

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[1715688451]

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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.

[crazydane]

I do about $15/day on Burst.  I have 255TB on a single server that scans 84 drives (all on SAS2 backplanes) in 24 seconds, so my deadlines are pretty good.  Its a bit of a power hog though since 60 of those drives are 2TB old school Hitachi 7200 RPM spinners.  The rest are fairly new WD REDs (6 and 8TB).  So yeah, if I hadn't already had about 200TB sitting around doing nothing (backup to my media server), it would probably not be worth it, but as it is, I should easily ROI those new WD REDs in well under a year.

[QuintLeo]

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

 With one single exception, that's MY tactic.

 Gotta add the HDs to new rigs anyway, might as well make them big enough to be useful on BURST (at a SMALL increase in cost).


 84 drives in one machine is incredible - even Backblaze only manages 60 on their current Storage Pod design (though they've moved to at least 4 and might be moving to 6 or 8 TB per drive so their total pod CAPACITY is likely a bit higher than yours).

 32 TB of drive is slightly MORE expensive (at NewEgg pricing on the Seagate Externals) than most GTX 1080 ti cards - which pull in close to $3/day each at this point.
 Tradeoff is the ELECTRIC usage of that 1080ti will be in excess of 160 watts and more likely close to 200 watts to achieve that income level, while the 4 hard drives are eating around 50 watts AT PEAK and quite a bit LESS most of the time.


 Up side of those Hitachi (HGST) 2TB is they're likely to last a long time, I'm NOT fond of WD in comparison and I'm VERY not fond of most Seagate models for longevity (I don't have a large data set on Toshiba but the set I DO have has been quite negative, close to Seagate low levels).

[stugots2]

gonna try Storj AND burst today to see real world, I'll keep everyone posted

[Vispilio]

Burst coin has been around for quite a while and has already a number of scandals surrounding it, namely one of the main promoters in the core team Adam Gurbuez is a well known con artist from Canada...

Compared to Burst's extremely low standards, Storj should easily be the more reliable choice, although I haven't mined it yet, so looking forward to the profitability updates...

[geekbay]

32 TB of drive is slightly MORE expensive (at NewEgg pricing on the Seagate Externals) than most GTX 1080 ti cards - which pull in close to $3/day each at this point.

i don't see how it's comparable

on http://burstcoincalculator.com/ 32TB are giving only 94 BURST/Day so 0.82$

and if i'm looking on nicehash profiltability calculator:

https://www.nicehash.com/profitability-calculator/nvidia-gtx-1080-ti?e=0.1&currency=USD

gtx 1080 ti is giving after deducing electricity 2.24$/day

you need at least 120TB to make 3$/day and 8tb cost ~ 200$ so you need 15 disks for a cost of 3000$

it's a lot more expensive than a gtx 1080 ti

i'm missing something ?

[noloco]

32 TB of drive is slightly MORE expensive (at NewEgg pricing on the Seagate Externals) than most GTX 1080 ti cards - which pull in close to $3/day each at this point.

i don't see how it's comparable

on http://burstcoincalculator.com/ 32TB are giving only 94 BURST/Day so 0.82$

and if i'm looking on nicehash profiltability calculator:

https://www.nicehash.com/profitability-calculator/nvidia-gtx-1080-ti?e=0.1&currency=USD

gtx 1080 ti is giving after deducing electricity 2.24$/day

you need at least 120TB to make 3$/day and 8tb cost ~ 200$ so you need 15 disks for a cost of 3000$

it's a lot more expensive than a gtx 1080 ti

i'm missing something ?

In fact, 120 TB+ would be 10-20 disks, and power consumption will be close to one graphic card.

[QuintLeo]

32 TB of drive is slightly MORE expensive (at NewEgg pricing on the Seagate Externals) than most GTX 1080 ti cards - which pull in close to $3/day each at this point.

i don't see how it's comparable

on http://burstcoincalculator.com/ 32TB are giving only 94 BURST/Day so 0.82$

and if i'm looking on nicehash profiltability calculator:

https://www.nicehash.com/profitability-calculator/nvidia-gtx-1080-ti?e=0.1&currency=USD

gtx 1080 ti is giving after deducing electricity 2.24$/day

you need at least 120TB to make 3$/day and 8tb cost ~ 200$ so you need 15 disks for a cost of 3000$

it's a lot more expensive than a gtx 1080 ti

i'm missing something ?

 I didn't say it was comparable - you're arguing MY case that it's not - unless you have a VERY HIGH electric cost that makes GPU mining prohibitively low on profitability.


 With that said, the nitpicking 9-)

 You DID forget to factor in the electric usage of the hard drives, 120 TB of Seagate Externals = 16 drives (they FORMAT to 7.27 GB not to 8GB on both the Archive "Backup" version and on the Compute "Expansion" version) probably average 8-10 watts each (peak usage is about 12 watts per drive as I recall the specs but they're not accessing most of the time which will drop that - but the platters keep spinning which uses a lot of the power they consume on 12VDC).
 128 watts at MY power cost however is only pennies a day - but it IS barely into the double-digit pennies a day - while 160 would still be under a quarter per day FOR ME.

 BURST calculators are notorious for being optimistic, which seems to be due to how the "network TB" figure is calculated.
 Pools seem to only count the "machine that most recently submitted a share to an account" on the total TB of that account, there are times the pool I uses says I have well under 1 TB of hard drive mining when my total is well over 20TB.
 In my exprience, you need to DISCOUNT the "estimated return" any BUST calculator comes up with to a little over HALF, perhaps as high as 60% of it's estimate, to come up with a REAL figure of any accuracy.

 You also should keep in mind that electric COST varies a lot - mine is some of the lowest in the USA, nowhere near the Nicehash 10cents/kwh default - which is a plus for GPU mining where I'm at.
 You probably deducted more for electric usage than I actually have to pay.

 Nicehash also badly underestimates the Equihash (ZEC) hashrate of the GTX 1080 ti at 630 sol/s.
 I'm seeing more like 760-770 right now out of my Aorus on the same EWBF 3.4b miner Nicehash uses in it's recent Legacy versions.
 Oddly enough they DO seem to use 250 watts as the power usage for the card, which is where mine is set at  - a 1080ti pulling 630 sol/s is probably only using 150-180 watts of power.

[abudfv2008]

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

32 TB of drive is slightly MORE expensive (at NewEgg pricing on the Seagate Externals) than most GTX 1080 ti cards - which pull in close to $3/day each at this point.
 Tradeoff is the ELECTRIC usage of that 1080ti will be in excess of 160 watts and more likely close to 200 watts to achieve that income level, while the 4 hard drives are eating around 50 watts AT PEAK and quite a bit LESS most of the time.

Oh come on. What 3$/day are you talking about? With HDD you don't have many options. Burst, Storj, Sia ... that's all we have at the moment. The only "profitable" is Burst if ROI of 2+ years can be called profitable.
With GPU you can mine everything you like. 3$ days make 1080 not 1080ti. There are of course people who mine at nicehash ... ok let them mine.
At the moment HDD mining is completely unprofitable.

[QuintLeo]

GTX 1080 hasn't made $3 a day gross for a month or so on a reliable basis no matter WHAT you are doing on it. 2 months ago, MAYBE if you were doing merged folding.

GTX 1080ti has been very close to that even the last few days, with proper tuning for max hashrate instead of tuning it for max efficiency (which costs net income if you are in a low electric cost area like where I am at).
https://whattomine.com/coins?utf8=%E2%9C%93&adapt_q_280x=3&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=02&adapt_q_480=0&adapt_q_570=0&adapt_q_580=0&adapt_q_750Ti=0&adapt_q_10606=0&adapt_q_1070=19&adapt_q_1080=6&adapt_q_1080Ti=1&eth=true&factor%5Beth_hr%5D=35.0&factor%5Beth_p%5D=140.0&grof=true&factor%5Bgro_hr%5D=58.0&factor%5Bgro_p%5D=210.0&x11gf=true&factor%5Bx11g_hr%5D=19.5&factor%5Bx11g_p%5D=170.0&cn=true&factor%5Bcn_hr%5D=830.0&factor%5Bcn_p%5D=140.0&eq=true&factor%5Beq_hr%5D=760.0&factor%5Beq_p%5D=190.0&lre=true&factor%5Blrev2_hr%5D=64000.0&factor%5Blrev2_p%5D=190.0&ns=true&factor%5Bns_hr%5D=1400.0&factor%5Bns_p%5D=190.0&lbry=true&factor%5Blbry_hr%5D=460.0&factor%5Blbry_p%5D=190.0&bk2bf=true&factor%5Bbk2b_hr%5D=2800.0&factor%5Bbk2b_p%5D=190.0&bk14=true&factor%5Bbk14_hr%5D=4350.0&factor%5Bbk14_p%5D=210.0&pas=true&factor%5Bpas_hr%5D=1700.0&factor%5Bpas_p%5D=210.0&skh=true&factor%5Bskh_hr%5D=47.5&factor%5Bskh_p%5D=190.0&factor%5Bl2z_hr%5D=420.0&factor%5Bl2z_p%5D=300.0&factor%5Bcost%5D=0.046&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=bittrex&dataset=&commit=Calculate

 Shows $3.11 gross and very close to $3 net after electric for yesterday on my Aorus, for a specific example.

 And no, I'm NOT using Nicehash figures for that, I'm using the actual amounts I've earned with the cards on what I've actually been DOING on them (currently ZEC mining).

 HDD mining is profitable - just that the profit level is VERY LOW compared to the investment vs GPU mining, unless you only do HDD mining on HDs you were going to get ANYWAY for new rigs so that the actual investment cost is low or zero.

 If you are in an area where electric cost is in the 20 cent/kwh or higher (large parts of all of California by report, for example), HDD mining might be your ONLY profitable option and has a much higher probability of being your highest return per $ invested option even if GPU mining IS profitable.

[MBW_2]

I am trying storj with one 8TB hdd but it is filled under 1%. It is hard to make some money here.

[joshuaj]

I am trying storj with one 8TB hdd but it is filled under 1%. It is hard to make some money here.

You're right, Storj does not pay if your contributed hdd space does not use. So, burst should be the better choice.

[cidman]

i havent tried burst yet, prolly today since im bored
but with storj it seems to need a lot of bandwidth to fill fast
not really quite sure how much data it used the first month but i had almost 500gb within the first week
i have since limited them to 50k up so my ISP doesnt cancel on me
and with a new 1Tb share i havent gone over 100GB in 3 weeks
 

[foldingextra]

Preparation for burst mining could be a bit painful, as we have to plot all the hdd space. Just need some time to let it process, faster cpu will help a lot.

[stugots2]

i havent tried burst yet, prolly today since im bored
but with storj it seems to need a lot of bandwidth to fill fast
not really quite sure how much data it used the first month but i had almost 500gb within the first week
i have since limited them to 50k up so my ISP doesnt cancel on me
and with a new 1Tb share i havent gone over 100GB in 3 weeks
 

did you ever try it??

I may try it tonight myself thats why im asking

[QuintLeo]

BURST bandwidth usage isn't all that high - you're only accessing something like 1/2048 of your "plotted" space on any given block as I recall, and that's LOCAL access only.

 Plotting tends to be slow, especially if you do "optimised plots" for higher read speeds when mining (RECOMMENDED) - there is a GPU plotter but I was never able to get it to work, CPU plotting with my Ryzen 1700 runs about 16k-17k nonces/sec if I'm not doing anything else on the machine (my older FX 8xxx series only managed about 7K, for comparison).

 Folks talk about the Seagate Archive drives having a very low write speed, but in my experience with them that ONLY happens after you've already written a lot of data to the drive and have to REWRITE data over the existing "deleted" data space - on a CLEAN drive the Archives manage the same 140-150 MBytes/sec that my Compute drive does (all are 8TB models) - plot to a "never before used Archive" goes JUST as fast as plot to a Compute.

[sanjeevtalks]

i havent tried burst yet, prolly today since im bored
but with storj it seems to need a lot of bandwidth to fill fast
not really quite sure how much data it used the first month but i had almost 500gb within the first week
i have since limited them to 50k up so my ISP doesnt cancel on me
and with a new 1Tb share i havent gone over 100GB in 3 weeks
 

did you ever try it??

I may try it tonight myself thats why im asking

Dude... Awaiting your feedback on STORJ.