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

[yellowduck2]

I started writing an article about why Proof of Capacity is the ideal mining algorithm.. I want to hear the thoughts of others before I go to far so I can integrate them if wanted, why do you think so?

I'm thinking:
- Secure
- Energy Efficient
- ASIC Proof
- More decentralized (probably mostly due to ASIC Proofness)

What else?

1. Mining Hardware Available World Wide (Unlike ASIC where only a few companies sell them)

2. Harder for mining whale to take over 51% of network in short period of time due to time needed to plot (ASIC just plug and play)

3. No noise pollution (ASIC and GPU mining create noise from fan)

4. Mining hardware resale value

5. Low mining start up cost (In terms of hardware and monthly electricity bill)

P.S u might want to separate into 2 section part 1 about PoC part 2 about Burst (all its features , escrow , asset management , market place , etc)

[1714296005]

1714296005

[1714296005]

1714296005

[Merick]

I started writing an article about why Proof of Capacity is the ideal mining algorithm.. I want to hear the thoughts of others before I go to far so I can integrate them if wanted, why do you think so?

I'm thinking:
- Secure
- Energy Efficient
- ASIC Proof
- More decentralized (probably mostly due to ASIC Proofness)

What else?

For the love of all things holy, don't release it yet!! I still need to buy more at these low prices 

This is the true coin for the masses.  Anyone can get involved, there is no need for specialized equipment and massive amounts of cheap power. I find the soft click of a working hard-drive every ~4minutes much more soothing than the aggressive moan of an ASIC or GPU fan.

Plus this coin has Automatic Transactions and market capability right within the wallet. I really don't know how to use them yet, but the foundation is there.

Anyways, good-luck.

[jopara]

[@jopara strange, however it seams this transaction is still in your walltes transactions-db but not in the blockchain?! you could try to redownload/import blockchain to fix your problem?!

I redownload burst_db. Unconfirmed Transaction

[q327K091]

reward cut (as per schedule) now at 7,737 Burst, interesting things will start happening soon, coin is very difficult and expensive to mine

also not seeing anyone attempting to clone this algorithm, in general and as I predicted number of alt coin new releases halted to almost none

thanks for all you work, keep doing fantastic job, do not diverge from the current path, all seems very stable at the moment

24 hr price Today went up as high as 191 ... this happened before when people discovered network capacity reached 10 Peta semi consistent

price should breach 200 barrier soon based on current reward as everyone will be taking cut in mining exchanges are perfect "balancers"

[ajw7989]

reward cut (as per schedule) now at 7,737 Burst, interesting things will start happening soon, coin is very difficult and expensive to mine

also not seeing anyone attempting to clone this algorithm, in general and as I predicted number of alt coin new releases halted to almost none

thanks for all you work, keep doing fantastic job, do not diverge from the current path, all seems very stable at the moment

Hopefully the price begins to stabilize now at around 200

[q327K091]

reward cut (as per schedule) now at 7,737 Burst, interesting things will start happening soon, coin is very difficult and expensive to mine

also not seeing anyone attempting to clone this algorithm, in general and as I predicted number of alt coin new releases halted to almost none

thanks for all you work, keep doing fantastic job, do not diverge from the current path, all seems very stable at the moment

Hopefully the price begins to stabilize now at around 200

how incredible I typed these words above (added on price reflection) as you posted this comment.. yes definitely, it is  great algo althoug can be expensive to mine.. unfortunately.. magnetic storage prices are not coming down any time soon Seagate and WD drilled manufacturing costs  down to stay competitive..

it always amazed me when cost of mining is so high that there are people willing to sell at low ... it really does, scrypt., or x11 I understand as one could and does have access to fpga... and not telling while flooding market but here is different

anyways, have a great weekend all

[Elmit]

I want to run a node. I got a fix IP, I got 100 MB line, I got a NAT router with port forwarding.

I followed the instructions of NXT, but by entering the information for the hallmark, it ends in page not found.
What do I need to change to get over that point?

[tokeweed]

are the devs of burst anonymous?  i cannot find their names on their site.

[maxpayne1256]

are the devs of burst anonymous?  i cannot find their names on their site.

burstcoin (it's the thread starter...)

[coinits]

are the devs of burst anonymous?  i cannot find their names on their site.

Bill Gates

[yellowduck2]

are the devs of burst anonymous?  i cannot find their names on their site.

Bill Gates

its more like Satoshi

[coinits]

are the devs of burst anonymous?  i cannot find their names on their site.

Bill Gates

its more like Satoshi

I'm Satoshi.

[callmejack]

I started writing an article about why Proof of Capacity is the ideal mining algorithm.. I want to hear the thoughts of others before I go to far so I can integrate them if wanted, why do you think so?

I'm thinking:
- Secure
- Energy Efficient
- ASIC Proof
- More decentralized (probably mostly due to ASIC Proofness)

What else?

1. Mining Hardware Available World Wide (Unlike ASIC where only a few companies sell them)

2. Harder for mining whale to take over 51% of network in short period of time due to time needed to plot (ASIC just plug and play)

3. No noise pollution (ASIC and GPU mining create noise from fan)

4. Mining hardware resale value

5. Low mining start up cost (In terms of hardware and monthly electricity bill)

P.S u might want to separate into 2 section part 1 about PoC part 2 about Burst (all its features , escrow , asset management , market place , etc)

there is no 51% attack possible cause you dont include transactions in your block output.
attacking the blockchain by freezing through not submitting mined blocks does not work cause this would drive the diff down quite fast.
due to the use of standard storage devices the whole world may have benefits from the development of cost optimized burst storage hardware.
the asic proofness i would argue by the running costs. like the gpu plotter shows you may build an asic but it wont have any profit benefits if it is used for mining. maybe some asic chip developer creates a usb3 based plotting device some day.

[Blago]

Check it out, you lot need to come to http://weeklyponzi.com/ its way better than  CD and you can  5 times your investments just keep receiving and placeing them again at weeklyponzi im in profit for over 5 btc now! 100 btc gets you 30 btc in some hours. You can also watch the blockchain of the wallet paying out

JUST DON'T GAMBLE ON THE LAST DAY OF THIS WEEK AS YOU WILL BE LIKELY TO LOSE

Hype? 

[bmgbmg]

I've installed the Burst wallet and it's running perfect on my PC.

But, I cannot get it to run on my Mac laptop.  I've updated to Java 8 64bit Chrome and when I click the Burst_Wallet_url it no page is found in any browser.  I've checked and my ip address is correct in the conf file.  Maybe I'm not executing the run.sh file properly.

Anyone have any ideas?

[luxe]

I've installed the Burst wallet and it's running perfect on my PC.

But, I cannot get it to run on my Mac laptop.  I've updated to Java 8 64bit Chrome and when I click the Burst_Wallet_url it no page is found in any browser.  I've checked and my ip address is correct in the conf file.  Maybe I'm not executing the run.sh file properly.

Anyone have any ideas?

Hi, think we were on the right way in polo tollbox ... it was like: open you command line, go into wallet folder and execute the run.sh content ...
We tried that and error was:

Error: Could not find or load main class nxt.Nxt logout

[bmgbmg]

Yes, that's what happens.  I'm not doing something right with the run.sh file

I've installed the Burst wallet and it's running perfect on my PC.

But, I cannot get it to run on my Mac laptop.  I've updated to Java 8 64bit Chrome and when I click the Burst_Wallet_url it no page is found in any browser.  I've checked and my ip address is correct in the conf file.  Maybe I'm not executing the run.sh file properly.

Anyone have any ideas?

Hi, think we were on the right way in polo tollbox ... it was like: open you command line, go into wallet folder and execute the run.sh content ...
We tried that and error was:

Error: Could not find or load main class nxt.Nxt logout

[xizmax]

Yes, that's what happens.  I'm not doing something right with the run.sh file

I've installed the Burst wallet and it's running perfect on my PC.

But, I cannot get it to run on my Mac laptop.  I've updated to Java 8 64bit Chrome and when I click the Burst_Wallet_url it no page is found in any browser.  I've checked and my ip address is correct in the conf file.  Maybe I'm not executing the run.sh file properly.

Anyone have any ideas?

Hi, think we were on the right way in polo tollbox ... it was like: open you command line, go into wallet folder and execute the run.sh content ...
We tried that and error was:

Error: Could not find or load main class nxt.Nxt logout

I'm not sure whether burstcoin updated the java dependencies in 1.2.0, if not it will not work out of the box with java 8. Unless you change the references to jre7 yourself. Downgrade back to java7 if you dont want to mess with changing references.

[bmgbmg]

The same thing happened before, it didn't work in Java 7 that's why I upgraded to Java 8.

[andreibi]

Need more coins, please dump