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Author Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000  (Read 2115854 times)
cisahasa
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January 13, 2015, 09:14:50 PM
 #16841

are burst devs related to this solar scam?

https://bitcointalk.org/index.php?topic=917737.msg10077014#msg10077014

shame on you..

you guys just killed your coin

You are jumping to conclusions. Where does it say that DEV is involved?

prove other wise.. sings are in the air

THEY MADE A DEAL TO PUMP BURST?? or they think users will pump

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January 13, 2015, 09:25:42 PM
 #16842

I was looking through the Burstcoin source code, and one thing that worries me about future scalability is the hard-coded MAX_NUMBER_OF_TRANSACTIONS constant, which limits the number of transactions per block to 255. This is similar to the 1 MB block size limit that is currently affecting bitcoin. Bitcoin is bound by this block size limit, and therefore the bitcoin network can only process a maximum of 7 transactions per second. Burstcoin has a similar limit right now, but its limit is 63 tx/sec. This gives Burstcoin more time to solve the problem - but since solving it requires a hard fork,  I think it would be better to solve the problem now while the coin is still young.

I think the best solution is something along the lines of Gavin Andreson's proposal to increase the maximum block size by 50% per year. I think in Burstcoin's case, the solution should be to increase the maximum number of transactions per block by 3.45% per month (which is about equal to a 50% increase per year).

This is an important change for the future scalability of Burstcoin. And it's an important change to make now, because the more the coin matures, the more difficult it will be to introduce a successful hard fork.

If you're interested, @burstcoin, I'd be willing to take a crack at coding up this change in behavior.

Bumping this since no one commented on it. Does anyone else think it's a good idea to raise the maximum blocksize formulaically over time?
xizmax
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January 13, 2015, 09:26:00 PM
 #16843

are burst devs related to this solar scam?

https://bitcointalk.org/index.php?topic=917737.msg10077014#msg10077014

shame on you..

you guys just killed your coin

You are jumping to conclusions. Where does it say that DEV is involved?

prove other wise.. sings are in the air

THEY MADE A DEAL TO PUMP BURST?? or they think users will pump

1. This coin was not premined. A pump would serve more purpose if the dev had a big stash, as far as I know he mined fair and square as the rest of the people.
2. Choosing a 25year long solar farm project is a poor pump vehicle. You need something with a faster ROI to pump effectively
3. There has been no indication whatsoever that koko and dev are collaborating on this, where is your evidence that they are? Where lies the burden of proof?
4. There is no shame in promoting a coin. while it not being a pump.

Full disclosure: I would really like for koko's project to work, even though I don't own any shares. Crypto needs success stories

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
xizmax
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January 13, 2015, 09:31:30 PM
 #16844

I was looking through the Burstcoin source code, and one thing that worries me about future scalability is the hard-coded MAX_NUMBER_OF_TRANSACTIONS constant, which limits the number of transactions per block to 255. This is similar to the 1 MB block size limit that is currently affecting bitcoin. Bitcoin is bound by this block size limit, and therefore the bitcoin network can only process a maximum of 7 transactions per second. Burstcoin has a similar limit right now, but its limit is 63 tx/sec. This gives Burstcoin more time to solve the problem - but since solving it requires a hard fork,  I think it would be better to solve the problem now while the coin is still young.

I think the best solution is something along the lines of Gavin Andreson's proposal to increase the maximum block size by 50% per year. I think in Burstcoin's case, the solution should be to increase the maximum number of transactions per block by 3.45% per month (which is about equal to a 50% increase per year).

This is an important change for the future scalability of Burstcoin. And it's an important change to make now, because the more the coin matures, the more difficult it will be to introduce a successful hard fork.

If you're interested, @burstcoin, I'd be willing to take a crack at coding up this change in behavior.

Bumping this since no one commented on it. Does anyone else think it's a good idea to raise the maximum blocksize formulaically over time?

You raised all valid points, the issue is known. If any coin is to become a large provider it needs to be able to process large numbers of tx's
Whether are there any downsides to your proposal code-wise, you'll have to wait for the dev to answer. I am really not the most qualified to tackle that issue.

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
0bert
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January 13, 2015, 09:47:54 PM
 #16845

my transaction from faucet is still not confirming after half a day. I want to start mining but kinda losing hope on this coin.

Apparently my address is not on the blockchain: http://burst.cryptoport.io/acc/BURST-MGYC-6PTV-X9HL-FK8D4

Is there any better tutorials on how to config the wallet? the readme file says i have to type my ip in the nxt,myaddress=xxx but it crashes.

I am using 1.2.0



Sent you 4 burst, make an outgoing transaction when you get them - that will secure your acc.

I think there is something wrong with the faucet, maybe its not updated to 1.2.0
The community is pretty helpful, so after you got your acc sorted ask away. Please be more specific as Pilotseye said Smiley

BURST-8NZ9-X6AX-72BK-2KFM2 is dev v2 pool. Dev mentioned a few posts ago that the wallet froze and he restarted it. I think the transactions will revert to pool wallet. Whether they will be sent out again I cannot tell.

Hey ho, i guess i have the same problem...
I have no account balance in my wallet, but i see under recent transactions the faucet payout. Maybe it's their old wallet...

Anyhow, i want to start mining and studied the guide already.
I have an empty 1TB hdd, made directions for miner, plotter etc. but it seems to me that i stuck on "account activation" thing...
Also i have to send some burst out to get my account/wallet active, after this i can go on with plotter and miner... ?!?

Thanks for your help!  Smiley
xizmax
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January 13, 2015, 09:51:57 PM
 #16846

my transaction from faucet is still not confirming after half a day. I want to start mining but kinda losing hope on this coin.

Apparently my address is not on the blockchain: http://burst.cryptoport.io/acc/BURST-MGYC-6PTV-X9HL-FK8D4

Is there any better tutorials on how to config the wallet? the readme file says i have to type my ip in the nxt,myaddress=xxx but it crashes.

I am using 1.2.0



Sent you 4 burst, make an outgoing transaction when you get them - that will secure your acc.

I think there is something wrong with the faucet, maybe its not updated to 1.2.0
The community is pretty helpful, so after you got your acc sorted ask away. Please be more specific as Pilotseye said Smiley

BURST-8NZ9-X6AX-72BK-2KFM2 is dev v2 pool. Dev mentioned a few posts ago that the wallet froze and he restarted it. I think the transactions will revert to pool wallet. Whether they will be sent out again I cannot tell.

Hey ho, i guess i have the same problem...
I have no account balance in my wallet, but i see under recent transactions the faucet payout. Maybe it's their old wallet...

Anyhow, i want to start mining and studied the guide already.
I have an empty 1TB hdd, made directions for miner, plotter etc. but it seems to me that i stuck on "account activation" thing...
Also i have to send some burst out to get my account/wallet active, after this i can go on with plotter and miner... ?!?

Thanks for your help!  Smiley

You are correct, when you get your acc in order you can proceed with plotting and mining
PM me your address and I will send you 4 burst, which is enough to make an outgoing transaction and to set pool reward assignment.

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
0bert
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January 13, 2015, 09:56:22 PM
 #16847

my transaction from faucet is still not confirming after half a day. I want to start mining but kinda losing hope on this coin.

Apparently my address is not on the blockchain: http://burst.cryptoport.io/acc/BURST-MGYC-6PTV-X9HL-FK8D4

Is there any better tutorials on how to config the wallet? the readme file says i have to type my ip in the nxt,myaddress=xxx but it crashes.

I am using 1.2.0



Sent you 4 burst, make an outgoing transaction when you get them - that will secure your acc.

I think there is something wrong with the faucet, maybe its not updated to 1.2.0
The community is pretty helpful, so after you got your acc sorted ask away. Please be more specific as Pilotseye said Smiley

BURST-8NZ9-X6AX-72BK-2KFM2 is dev v2 pool. Dev mentioned a few posts ago that the wallet froze and he restarted it. I think the transactions will revert to pool wallet. Whether they will be sent out again I cannot tell.

Hey ho, i guess i have the same problem...
I have no account balance in my wallet, but i see under recent transactions the faucet payout. Maybe it's their old wallet...

Anyhow, i want to start mining and studied the guide already.
I have an empty 1TB hdd, made directions for miner, plotter etc. but it seems to me that i stuck on "account activation" thing...
Also i have to send some burst out to get my account/wallet active, after this i can go on with plotter and miner... ?!?

Thanks for your help!  Smiley

You are correct, when you get your acc in order you can proceed with plotting and mining
PM me your address and I will send you 4 burst, which is enough to make an outgoing transaction and to set pool reward assignment.

It's my account id? BURST -____-____-____-_____ ?
(Public key is the same?)

I am a lil confused with this wallet...  Grin
xizmax
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January 13, 2015, 09:59:38 PM
 #16848

my transaction from faucet is still not confirming after half a day. I want to start mining but kinda losing hope on this coin.

Apparently my address is not on the blockchain: http://burst.cryptoport.io/acc/BURST-MGYC-6PTV-X9HL-FK8D4

Is there any better tutorials on how to config the wallet? the readme file says i have to type my ip in the nxt,myaddress=xxx but it crashes.

I am using 1.2.0



Sent you 4 burst, make an outgoing transaction when you get them - that will secure your acc.

I think there is something wrong with the faucet, maybe its not updated to 1.2.0
The community is pretty helpful, so after you got your acc sorted ask away. Please be more specific as Pilotseye said Smiley

BURST-8NZ9-X6AX-72BK-2KFM2 is dev v2 pool. Dev mentioned a few posts ago that the wallet froze and he restarted it. I think the transactions will revert to pool wallet. Whether they will be sent out again I cannot tell.

Hey ho, i guess i have the same problem...
I have no account balance in my wallet, but i see under recent transactions the faucet payout. Maybe it's their old wallet...

Anyhow, i want to start mining and studied the guide already.
I have an empty 1TB hdd, made directions for miner, plotter etc. but it seems to me that i stuck on "account activation" thing...
Also i have to send some burst out to get my account/wallet active, after this i can go on with plotter and miner... ?!?

Thanks for your help!  Smiley

You are correct, when you get your acc in order you can proceed with plotting and mining
PM me your address and I will send you 4 burst, which is enough to make an outgoing transaction and to set pool reward assignment.

It's my account id? BURST -____-____-____-_____ ?
(Public key is the same?)

I am a lil confused with this wallet...  Grin

Yes, it is in that form "BURST -____-____-____-_____"

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
Guidedog
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January 13, 2015, 10:04:49 PM
 #16849

is there any way i can buy burst with real money?
xizmax
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January 13, 2015, 10:08:10 PM
 #16850

is there any way i can buy burst with real money?

Not directly (at least I don't know of a way unless you trade directly with someone who has Burst)

You can buy BTC then trade BTC for Burst on some exchanges like bittrex and poloniex

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
Guidedog
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January 13, 2015, 10:12:37 PM
 #16851

is there any way i can buy burst with real money?

Not directly (at least I don't know of a way unless you trade directly with someone who has Burst)

You can buy BTC then trade BTC for Burst on some exchanges like bittrex and poloniex

Ah... ok then. Thanks
mczarnek
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January 13, 2015, 10:17:53 PM
 #16852

is there any way i can buy burst with real money?

You saying cryptocurrencies, like Bitcoin, aren't real money?

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Guidedog
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January 13, 2015, 10:19:55 PM
 #16853

is there any way i can buy burst with real money?

You saying cryptocurrencies, like Bitcoin, aren't real money?
no. my english is not good. Im saying government money. Of course cryptocurrencies are real money, that's why im in to it.
xizmax
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January 13, 2015, 10:22:40 PM
 #16854

is there any way i can buy burst with real money?

You saying cryptocurrencies, like Bitcoin, aren't real money?
no. my english is not good. Im saying government money. Of course cryptocurrencies are real money, that's why im in to it.

Smiley no problems mate, mczarnek is just pulling your leg a bit. The phrase used in cryptoworld for government money is "fiat"

Also, glad to see that trust score changed mczarnek Smiley

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
0bert
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January 13, 2015, 10:23:27 PM
 #16855

my transaction from faucet is still not confirming after half a day. I want to start mining but kinda losing hope on this coin.

Apparently my address is not on the blockchain: http://burst.cryptoport.io/acc/BURST-MGYC-6PTV-X9HL-FK8D4

Is there any better tutorials on how to config the wallet? the readme file says i have to type my ip in the nxt,myaddress=xxx but it crashes.

I am using 1.2.0



Sent you 4 burst, make an outgoing transaction when you get them - that will secure your acc.

I think there is something wrong with the faucet, maybe its not updated to 1.2.0
The community is pretty helpful, so after you got your acc sorted ask away. Please be more specific as Pilotseye said Smiley

BURST-8NZ9-X6AX-72BK-2KFM2 is dev v2 pool. Dev mentioned a few posts ago that the wallet froze and he restarted it. I think the transactions will revert to pool wallet. Whether they will be sent out again I cannot tell.

Hey ho, i guess i have the same problem...
I have no account balance in my wallet, but i see under recent transactions the faucet payout. Maybe it's their old wallet...

Anyhow, i want to start mining and studied the guide already.
I have an empty 1TB hdd, made directions for miner, plotter etc. but it seems to me that i stuck on "account activation" thing...
Also i have to send some burst out to get my account/wallet active, after this i can go on with plotter and miner... ?!?

Thanks for your help!  Smiley

You are correct, when you get your acc in order you can proceed with plotting and mining
PM me your address and I will send you 4 burst, which is enough to make an outgoing transaction and to set pool reward assignment.

Thx to xizmax!  Wink Will give updates about mining... or asking again maybe first.   Grin
m3ta
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January 13, 2015, 10:41:10 PM
 #16856

I believe miners will loose their earnings if pool is lagging, right?


If it's loose, put some glue on it.

Why the frell so many retards spell "ect" as an abbreviation of "Et Cetera"? "ETC", DAMMIT! http://en.wikipedia.org/wiki/Et_cetera

Host:/# rm -rf /var/forum/trolls
Cryptock
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January 14, 2015, 01:53:55 AM
 #16857

Burst holding up, hopefully we can see 200 sat
yellowduck2
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January 14, 2015, 04:48:43 AM
 #16858

Burst holding up, hopefully we can see 200 sat

but bitcoin having a slow death
Merick
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January 14, 2015, 05:36:06 AM
 #16859

Just a general thought and question.

The time to solve a block appears to fluctuate a lot during the short term, I know that the majority of the blocks are close to the 4min time but it looks like the difficulty algorithm over or under compensates for the large fluctuations within the network.

We can easily see 5PB fluctuations during one day and I would guess an equally impressive number during each hour. More established coins like Bitcoin and Litecoin have a much more predictable and stable block generation time. With Burst I am seeing fluctuations in time such as:

BLOCK - mm:ss
54485 - 5:42
54484 - 0:19
54483 - 3:36
54482 0:02
54481 - 3:02
54480 - 7:05
54478 - 10:00
54477 - 0:33

Within an 8 block period of time a customer would have to wait between 19 seconds to 10 minutes for their first confirmation. When I look at the Litecoin network, their block generation time has fluctuated about 70 seconds max for the last month. (https://bitcoinwisdom.com/litecoin/difficulty) The grey line on the middle chart.

When BURST matures will this variance in block time rewards be an issue?  Possibly causing confidence concerns?  If a customer/merchant are expecting to see one confirmation within ~4min but it doesn't happen for 15min+ this could be an issue.  I've seen 15min+ blocks regularly.

Could the large swings in network capacity and almost cyclical nature of these swings be some very large solo miners taking advantage of this difficulty behavior?  Online Large amounts of plots to increase solo chances,  offline them for few blocks so the difficulty will drop and then online them again? (No idea on this, just trying to figure out why the network capacity fluctuates so much).

Just some thoughts and questions from a noob.
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January 14, 2015, 07:50:24 AM
 #16860

what is error code 6 when setting the reward recipient?
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