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

[bkz]

Last 10 days in solo

2014-10-01 = 9500.00000000 BURST or 0.012 BTC or 4.25 USD or 182 RUR      ( 1 )
2014-10-02 = 9500.00000000 BURST or 0.012 BTC or 4.25 USD or 182 RUR      ( 1 )
2014-10-03 = 28500.00000000 BURST or 0.036 BTC or 12.75 USD or 547 RUR   ( 3 )
2014-10-04 = 19000.00000000 BURST or 0.024 BTC or 8.50 USD or 365 RUR     ( 2 )
2014-10-05 = 19000.00000000 BURST or 0.024 BTC or 8.50 USD or 365 RUR     ( 2 )
2014-10-06 = 19000.00000000 BURST or 0.024 BTC or 8.50 USD or 365 RUR     ( 2 )
2014-10-07 = 47500.00000000 BURST or 0.061 BTC or 21.26 USD or 912 RUR   ( 5 )
2014-10-08 = 0                                                                                       ( 0 )
2014-10-09 = 9500.00000000 BURST or 0.012 BTC or 4.25 USD or 182 RUR      ( 1 )
2014-10-10 = 38000.00000000 BURST or 0.049 BTC or 17.01 USD or 730 RUR   ( 4  )

Average 19950 Burst Days

I would like to compare with the pools.

Thanks

I bring in about 2,500 Burst a day with 5TB so you seem to be doing better by a little bit.

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[hvidgaard]

nvm, I should read the headline

[m3ta]

Looks like block reward dropped to 9025

Which was already mentioned, 8 posts before yours. On the SAME PAGE, ffs.

[Krypt]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

[redsn0w]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

Have you looked to this : http://storj.io/  ??

[fivebells]

Which was already mentioned, 8 posts before yours. On the SAME PAGE, ffs.

familiaverde was likely correcting the previous report, which was off slightly (by 5 burst.)

Someone said recently that introspection is good and one should try to evolve...  Good advice, I think.

[fivebells]

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

This is on the roadmap in the OP, but it may take a while to design.  (I am not privy to the design process, though.)  Read the maidsafe whitepapers for an overview of some of the wrinkles.

[uray]

uray, your miner reads plots by 4kB chunks. Maybe better enlarge that size? Even clustersizes are upto 64kB.



And what about single read-thread per path?

yeah its possible, but currently i am busy working on wallet

hy uray,

which features are you implementing on wallet???
if it is possible to know!!!

 

i am integrating java miner & plotter into wallet, and convert it to desktop app

[uray]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

Have you looked to this : http://storj.io/  ??

what i hope the difference between burst data storage and storj.io is we are using pay by data usage instead of storj's pay for disk space, so storing small files would be relatively very cheap, this way the burst node network can evolve into CDN serving nodes other than file storage

[go6ooo1212]

@Uray
When do you planning reliese the "All in one" app. It looks realy suitable..

[jamoes]

Proof-of-dev is only necessary when the coin doesn't stand on its own technical merits. Burst stands on its own technical merits, so I don't think PoD is critical. I've looked through the source code, and I saw no signs of pre-mine or any other hidden functionality, and I'd invite others to do the same - especially anyone that is a java expert and is familiar with the NXT codebase (which I am neither).

Burst's proof-of-capacity mining offers a significant technical advantage over bitcoin's proof-of-work mining. This is Burst's major advantage - any other features are just icing on the cake.

Bitcoin has a weakness in the long term. Bitcoin will eventually require 50% of the entire economy's energy production to be spent toward verifying the blockchain. Bitcoin incentivizes major research efforts into creating the most efficient SHA256 chip - something that has little benefit outside of bitcoin.

Burstcoin provides a good solution to these weaknesses. Burstcoin's endgame will require 50% of the economy's hard drive capacity, which will require much less energy. Burstcoin also incentivizes research efforts into better hard drives, which is a nice positive externality.

So, I'm mining and investing in Burstcoin, because it has massive long-term potential. I plan on holding my stash of Burst for years to see how it plays out against bitcoin in the long-run.

[IncludeBeer]

Proof-of-dev is only necessary when the coin doesn't stand on its own technical merits. Burst stands on its own technical merits, so I don't think PoD is critical. I've looked through the source code, and I saw no signs of pre-mine or any other hidden functionality, and I'd invite others to do the same - especially anyone that is a java expert and is familiar with the NXT codebase (which I am neither).

Burst's proof-of-capacity mining offers a significant technical advantage over bitcoin's proof-of-work mining. This is Burst's major advantage - any other features are just icing on the cake.

Bitcoin has a weakness in the long term. Bitcoin will eventually require 50% of the entire economy's energy production to be spent toward verifying the blockchain. Bitcoin incentivizes major research efforts into creating the most efficient SHA256 chip - something that has little benefit outside of bitcoin.

Burstcoin provides a good solution to these weaknesses. Burstcoin's endgame will require 50% of the economy's hard drive capacity, which will require much less energy. Burstcoin also incentivizes research efforts into better hard drives, which is a nice positive externality.

So, I'm mining and investing in Burstcoin, because it has massive long-term potential. I plan on holding my stash of Burst for years to see how it plays out against bitcoin in the long-run.

Well put!  You basically paraphrased what I've been thinking all along

[Irontiga]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

Have you looked to this : http://storj.io/  ??

Please people, the file storage thing is purely BAD NEWS. All it'll do is make big data centers more money. Right now data centers don't have gpu's to plot, or on their servers with lots of hdd's good cpu's. This prevents them from wrecking burst. Now most people at home have a few TB's and a GPU or at least a good CPU.

Please, the file storage thing will KILL burst. Leave that to storj, and if its that critical to you, well just leave and buy lots of storj.

[redsn0w]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

Have you looked to this : http://storj.io/  ??

Please people, the file storage thing is purely BAD NEWS. All it'll do is make big data centers more money. Right now data centers don't have gpu's to plot, or on their servers with lots of hdd's good cpu's. This prevents them from wrecking burst. Now most people at home have a few TB's and a GPU or at least a good CPU.

Please, the file storage thing will KILL burst. Leave that to storj, and if its that critical to you, well just leave and buy lots of storj.

Please the file storage will not kill the burst , don't worry !
I've only told you  that there is a simple service , a decentralized storage ( called storj) . If burst will come like storj (  without lose the PoC algorithm)  I think  will attract more users and users  .

[BChydro]

Yeah, let's search for investors!
-Say them that dev is not posting anymore once a day, but he disappear.
-Say them that the only 7-8 people posting here are the first bagholders, waiting for investors to dump theyr millions coin slowly to them.
-Say them that there are already millions of wallet packed with burst
-Say them to not buy hard drive,but buy directly burst.
-Say them to not buy hard drive,cause they will not get roi within 3 months, and noone other POC coins will be develope from here to 10 years, so it's better to not buy HDD,cause what you can do with HDD instead mine burst?  
-Say them to not invest in BTC,LTC,DARK etc etc but only in burst cause a new unique features is coming, that will make burst different from any other coin out there,and the new features is called.....NO feature,NO roadmap.
-Say them to:
  Not invest in BTC cause BTC will die!
  Not invest in LTC cause LTC will die!
  Not invest in darkcoin,blackcoin,doge or any others altcoin cause all altcoins are just speculative
 

lol everyone picks on the poor dev. He's one of the hardest working devs I've seen

[Irontiga]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

Have you looked to this : http://storj.io/  ??

Please people, the file storage thing is purely BAD NEWS. All it'll do is make big data centers more money. Right now data centers don't have gpu's to plot, or on their servers with lots of hdd's good cpu's. This prevents them from wrecking burst. Now most people at home have a few TB's and a GPU or at least a good CPU.

Please, the file storage thing will KILL burst. Leave that to storj, and if its that critical to you, well just leave and buy lots of storj.

Please the file storage will not kill the burst , don't worry !
I've only told you  that there is a simple service , a decentralized storage ( called storj) . If burst will come like storj (  without lose the PoC algorithm)  I think  will attract more users and users  .

NO, the average user does not have enough bandwidth to cope with that. Also, file storage requires that there is a DEMAND, which isn't infinite. Leave burst as it is, and storj as it is....honestly I don't think storj will do what it wants to do....but it just might....

[callmejack]

...
What more do you want? BURST already has more built in features than any online banking out there.

this:

The Burst dev needs to convert Burst network into decentralized dropbox ASAP, when users would pay for distributed encrypted storing of their files with BURST coins. This is the only way for Burst to survive.

Have you looked to this : http://storj.io/  ??

what i hope the difference between burst data storage and storj.io is we are using pay by data usage instead of storj's pay for disk space, so storing small files would be relatively very cheap, this way the burst node network can evolve into CDN serving nodes other than file storage

the hardest thing to design that is that you have to rely that there are some data copies available whenever you want to access them.
the best would be to be able to book a certain amount of bandwidth plus a guaranteed period of time plus a specified number of copies whenever you put a storage object into the network. compared to dropbox this can be realized by folder attributes.
this concept is a service and no mining except if you add a asset which can only be earned if you put a specific nonce into the storage objects. maybe if you "host" 256mb encrypted data you get allowed to add one nonce for it. these nonces have to have another weight than simple mining nonces. each time you host the file as long as 10% of the booked time you are allowed to add another nonce or the weight of yours get adjusted (similar to the timekoin generator reward). if the period of booked time for the data package has exceeded it can either get renewed and if not the accounts hosted the data can keep their nonces for that package in reverse order (10 month hosted, 20 month additional reward).
technically it is like a huge private torrent network backed by the blockchain (as tracker) and miners.
for me it makes most sense at the moment to add filesharing like an asset.
if you want to store files you require burst to buy this asset. if you only want to host data you receive this asset and can trade it for burst.
this concept utilizes the mining infastructure people have (except the bandwidth usage) to store files but also requires people to pay similar like if the miners use their infastructure for pure mining.
if i say 1 gb local storage may mine 18 burst within a month and i want to have 500 copies of my data i would have to pay 9000 burst for 1 gb cloud storage at the current diff. if you reduce the number of copies to 50 1gb would cost 50 dollarcent at current prices.
if the price stays stable at the current level this calculation would be fine. if the price settles at 2000 satoshi or more anytime soon its a way too expensive to use.
one of the most tricky designs is to make it for the miners similar provitable to host files as to mine. tricky are the redundant copies you require. nobody finally really cares to not loose data blocks on system failures. to prevent and recover this i can think of a infastructure which maintains itself. lets say you have defined periods of time to resync your hosted files or someone else gets them assigned and payed for. also the bandwidth usage is huge. this means if someone mines today with 4 tb he could only upload on average 4gb a day and blocks his line completely. if you factor this in you come to a ratio of how many files can be stored. with todays 4500 miners 18 tb cloudstorage could be realized. if you say you keep 100 copies of the files you end up at about 200gb which every miner stores.
if you try to keep everything in correlation with the block rewards and market prices its hard to predict what will happen to such a service.
i think over time the redundant copies make it much more expensive to use than if you host your data on a dedicated  server.
i currently dont know how price structures for data hosting look like but backblaze offers a complete backup for exactly 5 dollar a month.
if i sum everything up this is what a dropbox like burst extension requires:
-you define the number of copies you want to have
-you define the guaranteed bandwidth you can access your files with
-you define how long the files shall be stored
-after the defined time the storage service renews itself based on current market prices for the same time if your balance allows it
-you define who can access it
-miners have to have similar profits wether they store files or use their diskspace for mining (correlation between block reward and diff)
-the network reassigns lost storage slots to other people if a wallet could not be accessed for a certain period of time
-storage may not cost more than regular cloud storage (depends on the number of copies)

[johncarpe64]

uray, your miner reads plots by 4kB chunks. Maybe better enlarge that size? Even clustersizes are upto 64kB.



And what about single read-thread per path?

yeah its possible, but currently i am busy working on wallet

hy uray,

which features are you implementing on wallet???
if it is possible to know!!!

 

i am integrating java miner & plotter into wallet, and convert it to desktop app

This looks amazing. Keep up the good work

[smaxer]

uray, your miner reads plots by 4kB chunks. Maybe better enlarge that size? Even clustersizes are upto 64kB.



And what about single read-thread per path?

yeah its possible, but currently i am busy working on wallet

hy uray,

which features are you implementing on wallet???
if it is possible to know!!!

 

https://i.imgur.com/dXpQccR.png

i am integrating java miner & plotter into wallet, and convert it to desktop app

This looks amazing. Keep up the good work

yes its great, can't wait to test it

[Patek]

Uray, you truly are a comitted dev. Thank you for your work and keep it up!