[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000

[yellowduck2]

Yes, someone should estimate out how much energy burst would use for the same capital outlay currently protecting bitcoin.  I estimated recently that it would take about $100M to 51% the bitcoin blockchain.  How much drive space would that take, and how much energy would that many drives mining burst demand?  I've read similar estimates for bitcoin (e.g., mining results in about half a million tonnes of greenhouse gases being dumped into the atmosphere each year), so that part is already done.

u can buy ASIC for $100 M , plug and play.

for burst, u have to buy CPU , RAM.

After u got all those, u have to plot ur HDD.

Plotting PB of data and making sure all of them work and keep pace of replacing fail HDD. Good luck with that.

When u get a very big farm for burst , u might have to hire a full time person to actually help replace fail HDD every now and then. When u replace ur fail HDD , u have to plot again.

After u finish plotting all ur fail HDD , u have another batch coming ur way.

Is it easy to 51% burst ?

I don't think so because u will be busy running around playing with HDD. U have no time for 51%

Maybe the question would be.

How much HDD can u buy with $ 1 million and that amount of HDD how much time is needed to plot them. With 1 million dollars worth of HDD, how many rig u need and how much time is needed to set up $ 1 M worth of HDD ? i think it might take months.

Not to mention that block reward reduce by 5% every month.

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[crowetic]

also tim's disks are from tim. 

I don't see any reason so far to think that Tim would trade in bad faith.

Nah, he wouldn't trade in bad faith, i'm sure... But every time I looked at the computer with those drives, I would want to tell it to shut the fuck up. haha.

[timk225]

My poor attitude aside, I do good computer work.

[Palmdetroit]

Yes, someone should estimate out how much energy burst would use for the same capital outlay currently protecting bitcoin.  I estimated recently that it would take about $100M to 51% the bitcoin blockchain.  How much drive space would that take, and how much energy would that many drives mining burst demand?  I've read similar estimates for bitcoin (e.g., mining results in about half a million tonnes of greenhouse gases being dumped into the atmosphere each year), so that part is already done.

u can buy ASIC for $100 M , plug and play.

for burst, u have to buy CPU , RAM.

After u got all those, u have to plot ur HDD.

Plotting PB of data and making sure all of them work and keep pace of replacing fail HDD. Good luck with that.

When u get a very big farm for burst , u might have to hire a full time person to actually help replace fail HDD every now and then. When u replace ur fail HDD , u have to plot again.

After u finish plotting all ur fail HDD , u have another batch coming ur way.

Is it easy to 51% burst ?

I don't think so because u will be busy running around playing with HDD. U have no time for 51%

Maybe the question would be.

How much HDD can u buy with $ 1 million and that amount of HDD how much time is needed to plot them. With 1 million dollars worth of HDD, how many rig u need and how much time is needed to set up $ 1 M worth of HDD ? i think it might take months.

Not to mention that block reward reduce by 5% every month.

Good points. Do we have any data/statistics on the failure rate mining Burst 24-7 yet?  maybe 1 per 10 hd death per month, less or more? Any HD experts?

I'm curious of the wear and tear,. seems minimal,. but current gen platter HDs,... ?

[omgbossis21]

http://lifehacker.com/the-most-and-least-reliable-hard-drive-brands-1505797966

[Razerglass]

When u get a very big farm for burst , u might have to hire a full time person to actually help replace fail HDD every now and then. When u replace ur fail HDD , u have to plot again.

Watch this clip from a episode of two and a half men. It is  obvious they are hard-drive mining

https://www.youtube.com/watch?v=_XwwiT3LkiQ

[callmejack]

Yes, someone should estimate out how much energy burst would use for the same capital outlay currently protecting bitcoin.  I estimated recently that it would take about $100M to 51% the bitcoin blockchain.  How much drive space would that take, and how much energy would that many drives mining burst demand?  I've read similar estimates for bitcoin (e.g., mining results in about half a million tonnes of greenhouse gases being dumped into the atmosphere each year), so that part is already done.

u can buy ASIC for $100 M , plug and play.

for burst, u have to buy CPU , RAM.

After u got all those, u have to plot ur HDD.

Plotting PB of data and making sure all of them work and keep pace of replacing fail HDD. Good luck with that.

When u get a very big farm for burst , u might have to hire a full time person to actually help replace fail HDD every now and then. When u replace ur fail HDD , u have to plot again.

After u finish plotting all ur fail HDD , u have another batch coming ur way.

Is it easy to 51% burst ?

I don't think so because u will be busy running around playing with HDD. U have no time for 51%

Maybe the question would be.

How much HDD can u buy with $ 1 million and that amount of HDD how much time is needed to plot them. With 1 million dollars worth of HDD, how many rig u need and how much time is needed to set up $ 1 M worth of HDD ? i think it might take months.

Not to mention that block reward reduce by 5% every month.

one million dollar can buy 12-15 pb space depending on the infastructure. running costs about 500$ a day.
so the current 7-8 pb networksize would roughly cost 500.000$ and 250$ a day.
on this scale plotting can be done on the storagenodes themselve and maybe a bit speeded up with some gpu plotters within 1-2 weeks after deployment.

[bathrobehero]

http://lifehacker.com/the-most-and-least-reliable-hard-drive-brands-1505797966

If someone is going down the route of judging entire HDD brands on Blackbaze's report, I suggest to read further up on the matter:

http://www.tweaktown.com/articles/6028/dispelling-backblaze-s-hdd-reliability-myth-the-real-story-covered/index.html

[fivebells]

one million dollar can buy 12-15 pb space depending on the infastructure. running costs about 500$ a day.
so the current 7-8 pb networksize would roughly cost 500.000$ and 250$ a day.
on this scale plotting can be done on the storagenodes themselve and maybe a bit speeded up with some gpu plotters within 1-2 weeks after deployment.

Assuming my $100M estimate for bitcoin is correct, that means that a correspondingly secure burst network would have about 1200-1500pb.  So the question is how much energy that much storage would consume.

[soronto]

зaлить кapтинкy нa фopyм
WTF is this??? All plots are creating and optimizing with GPU and optimization.exe

anyone help me?
For all day i mine 2014-09-22 = 28.37191379 BURST
appr. 12Tb
my config:
 {
    "poolUrl" : "burst-eu.cryptomining.farm:8124",
    "submissionMaxDelay" : 30,
    "submissionMaxRetry" : 3,
    "socketTimeout" : 60,
    "plots" :
    [
       "G:\\plots",
       "E:\\plots",
"I:\\plots",
"H:\\plots",
"D:\\plots",
"F:\\plots",
"J:\\plots"

   ]
 }

Go to solo mining. You should aproximately get one block per day.

[yellowduck2]

does HDD RPM affect mining ? For example , 7200 RPM vs 5400 RPM , any differences in mining (Not plotting) ?

[callmejack]

one million dollar can buy 12-15 pb space depending on the infastructure. running costs about 500$ a day.
so the current 7-8 pb networksize would roughly cost 500.000$ and 250$ a day.
on this scale plotting can be done on the storagenodes themselve and maybe a bit speeded up with some gpu plotters within 1-2 weeks after deployment.

Assuming my $100M estimate for bitcoin is correct, that means that a correspondingly secure burst network would have about 1200-1500pb.  So the question is how much energy that much storage would consume.

if you ignore the fastest way to plot and base the storage and mining nodes on something like the new intel atom c2000 8 core series you go with 40 watts system to run 16 hdds.
one pb needs about 128 8 tb hdds and 8 systems. so cpu plus hdd for 1 pb plus network sums up to 1kw for each pb.
1350 kw without cooling would run a similar size of the bitcoin network (add 25% energy for cooling). hardware costs for the inital setup would sum up around 100m dollar plus location.
the harddisks require almost every 3 years a replacement. based on new capacities i  assume hardrrive only double their capacity every 4 years but this may change.
if you plan to conclude the coin price on a network of such a scale i think everything depends on how fast the network grows.
in short term i think price will lift off if network reaches 16pb.

[jamoes]

one million dollar can buy 12-15 pb space depending on the infastructure. running costs about 500$ a day.
so the current 7-8 pb networksize would roughly cost 500.000$ and 250$ a day.
on this scale plotting can be done on the storagenodes themselve and maybe a bit speeded up with some gpu plotters within 1-2 weeks after deployment.

Assuming my $100M estimate for bitcoin is correct, that means that a correspondingly secure burst network would have about 1200-1500pb.  So the question is how much energy that much storage would consume.

Personally, I think 1200-1500 pb is on the low side. Consumer prices are ~$33/tb. So $100m could buy a total of 3000pb of space at that price.

As far as energy consumption, I think it's fair to ignore the cost of running the computer that the storage is attached to. Mining that takes place on end-user's desktop computers aren't using any extra energy to keep the computer on (other than the energy of the hard drive itself), and large mining operations will likely be able to be pretty efficient with their operations, with one computer powering many hard drives.

Estimates vary, but it seems that the average power consumption for a single hard drive is about 7-13 watts. They can consume more when under heavy load, but mining will typically be very low load, with only a few reads every 4 minutes (especially if the plot files are optimized with a large stagger size). So, I think it's safe to say burst mining will be on the low end, and only consume 7 watts per drive.

Let's assume the entire 3000pb network is powered by a million 3 TB drives. This makes the entire power consumption for a burst mining network with $100m in capital equal to 7 million watts.

Let's compare this to bitcoin. I'm going to use figures from the bitcoinMining hardware comparison wiki page. For the sake of easy math, let's assume that the entire bitcoin mining network is powered by AntMiner S3's. These cost $382 each, so $100m could theoretically buy 261780 AntMiner S3's. Each S3 consumes 340 watts, which would put the entire network's energy consumption at 89 million watts.

This is all just back-of-the-napkin math, but it shows pretty clearly that burst is significantly more energy efficient per dollar of capital than typical proof-of-work mining. Ultimately, it comes down to the dollars per watt that the main mining instrument consumes. Bitcoin miners (ASICs) tend to consume about 1 watts per dollar, whereas burstcoin mining equipment (hard drives) only consume 0.1 watts per dollar.

Also, I think burst mining can be further optimized for energy consumption due to the nature of the mining algorithm that only requires reading once per block. Imagine an advanced mining setup with 4096 hard drives. The plots could be specially arranged such that the miner would only have to read from one drive per block. This would allow the miner to leave all the hard drives completely unpowered the majority of the time. This setup would consume something like a 1/4096th of the power of a traditional setup. That brings the watts/dollar figure for burst down to only 0.000024414. This more optimized mining method is 40,000 times more energy efficient than typical PoW mining.

[Chode]

does HDD RPM affect mining ? For example , 7200 RPM vs 5400 RPM , any differences in mining (Not plotting) ?

According to the FAQ at burstcoin.info - no:

Is SSD better than HDD?

No, a 5400RPM HDD is just as good as a 500gb SSD.

[enta2k]

Hey, my "Gaming/Working"-PC runs 24/7 with a single 6TB HDD and this uses a lot of engergy.
Does someone use a Raspberry pi, i have a B+ laying around, but it´s my first rasp i ever had.

Not shure on wich image it would run, is it possible?

[Irontiga]

Hey, my "Gaming/Working"-PC runs 24/7 with a single 6TB HDD and this uses a lot of engergy.
Does someone use a Raspberry pi, i have a B+ laying around, but it´s my first rasp i ever had.

Not shure on wich image it would run, is it possible?

Yes, it'll work, only needs java....although it'll take ages to read plots....i don't think it'll even manage to read all of them....and it's usb 2 ....so true answer is no, not with 6tb. You need more RAM and usb3 or eSata

[yellowduck2]

Burst is ASIC resistance and very power efficient. If burst were to launch 6 months ago, it will do very well. 6-9 months ago , a simple coin that is ASIC only without any feature get very high price. Times have change.

[yellowduck2]

Anybody able to get gtx 750 ti stagger higher than 2000 ? My driver would crash above 2k.

[koko2530]

Mine @ Cryptomining.farm
get free VOIP Minute (5 USD Credit, VOIP Premium A-Z Route)

Coming Soon... when pool have > 150 miner
*free for 10 Account (random every day)
*Register SIP Account + Burst Account @ www.up2call.com
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[jzhoulon]

do more exchange on these exchange platform, just sell and buy back to myself to keep the exchange alive , to avoid the low vol, if burst be delisted by one of any exchange, then burst's game is over. And it seems that xcloudcoin'dev claimed that they don't mine burst anymore, i think the price now is bottom,now can only mine 350 burst/TB/day, not much