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Author Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000  (Read 2112038 times)
bensam123
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January 28, 2015, 07:04:41 AM
 #17441

Curious, is the lottery 100% payout? Something like that could actually be used to drive up the price of burst, say if it destroyed 10% of the pot each time... That's just one idea, but there are a lot of ways you could use that to increase the value of Burst inherently from inside the coin.
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vbcs
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AT - Automated Transactions - CIYAM Developer


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January 28, 2015, 08:00:54 AM
 #17442

Curious, is the lottery 100% payout? Something like that could actually be used to drive up the price of burst, say if it destroyed 10% of the pot each time... That's just one idea, but there are a lot of ways you could use that to increase the value of Burst inherently from inside the coin.

The ticket size is 2015 burst. The processing fees the Lottery needs to run, every time, averages at 15 bursts approx. These fees goes to the miners. So the actual ticket size is 2000 that is taken into account when AT Lottery makes the payment. If you want to burn a portion it is possible to create an AT that foes nothing, and every amount sent to it is useless. Also cant you just burn burst by sending them to the genesis account? Why to use the Lottery case for that?

1ELCU3hahFLMPPqsoHS2Mg2Rqjya6VXjAW
bensam123
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January 28, 2015, 09:09:12 AM
 #17443

The idea isn't to just dispose of burst, but remove part of it from circulation as it will increase the value of the remaining burst. A 'state run' lottery so to speak is a good way to do this. While returning the burst to the market through the actual lottery winner and through miner fees are good, you have to think about people actually utilizing the burst to purchase things, rather then just trade. Since people really aren't using burst to purchase anything other then other currencies, then something in the economy itself has to serve as the 'purchase' and production value to eat some of the currency.
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January 28, 2015, 09:28:08 AM
 #17444

The media attention continues. Our press release got published, slightly modified, in a mainstream UK paper today, The UK News:
 
http://www.theuknews.com/index.php/nav/newsr/5228

A new mainstream media article with an interview is coming in a day or two, btw.

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January 28, 2015, 09:37:33 AM
 #17445

We've got these questions (slightly edited by my) from Ronald in Taiwan, can you help him get the answers, please:

   
Quote
Hi,

good job with the SC and AT. I wish I am the lucky winner, since I also bought one ticket.

It would be nice if it will be integrated into the wallet directly later, so that we can switch forth and back easier.

I would also like more explanation of what I am looking at. The instructions misses the explanation between 2. and 3. ;-)

- Who is the Current Winner?
- Why is there a Current Best Ticket?
- Total Amount in the pot to win?
- Where is the Lottery income % or amount?
- Next Draw: after block 62281   - What block are we now? Can we get a
- time estimate when that will be happening?
- Account id ...   Monitor   Huh

I put in my Account (with which I purchased the ticket)
- How can I copy that to my own lottery?

- I also asked at a lots of places how I can become a node. I am already
running a node for NXT. I have currently a 100/40 MBs line to my home. In the next weeks I
should be upgrade to 300/300 MBs. So, bandwidth is not an issue.
Or will be a node just put as static address/IP into the wallet's config file?[

Bye,
Ronald
/quote]


muhrohmat
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January 28, 2015, 09:47:11 AM
 #17446

im glad the fork just got fixed the lottery amasingly its not my major interest do keep news on other technical support for us guys to be able to mine this coin its good profit a year

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January 28, 2015, 09:55:53 AM
 #17447

Although vbcs will have more definitive answers for the questions about the lottery the basic things to note are this:

- the current winner is the holder of the current best ticket (the final winner will be the best ticket when the lottery is due to payout)
- the tickets themselves are random values (that appear only after a certain number of blocks) and the current best ticket is the highest ticket number that has been issued since the last payout
- if you are the holder of the current best ticket then that value will appear highlighted (so you can see you are the current winner)
- total amount to win is basically the balance of the AT at the time of payout (minus a small amount for the fees to process and send the payout)
- the current lottery takes no % or income at all (just miners get some fees for running it)

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
smic
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8pool OP


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January 28, 2015, 11:15:53 AM
 #17448

8pool updated wallet to 1.2.1 !
Enjoy!
 Smiley

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January 28, 2015, 12:55:40 PM
 #17449

Let me know if you still have issues on your Mac.  You'll probably have to download and install JDK java development kit 8 for Mac for Burst wallet to run, at least that's what I had to do. 


Hey everyone I just stumbled on BurstCoin, I am running Mac OS X and I want to get involved in this coin.
Questions:
1. How do I get a wallet setup/compiled
2. How do I get the miner setup/compiled
I don't have a lot of experience in compiling so a speaking in Newbie terms would be great.
Thank you for your time. Cheesy
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January 28, 2015, 01:01:43 PM
 #17450

"when funding your account for the first time, you also need to include your public key"

...how?

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seasonw
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AGw8H3S73qpR6fecRUr5dYUpwvcvMeQfbL


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January 28, 2015, 01:15:14 PM
 #17451

"when funding your account for the first time, you also need to include your public key"

...how?

I don't think it is needed now, just go to http://burstcoin.eu/faucet to have your startup coin into burst world~~



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 ANN  BOUNTY  SONOHUB  eSPORTS  WEBWALLET 
Mineotaur
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January 28, 2015, 01:35:49 PM
 #17452

"when funding your account for the first time, you also need to include your public key"

...how?

I don't think it is needed now, just go to http://burstcoin.eu/faucet to have your startup coin into burst world~~
Well that's confusing, but thanks. Still waiting for the blockchain to download, but I assume that worked. Smiley

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Elmit
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BURST got Smart Contracts (AT)


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January 28, 2015, 03:11:26 PM
 #17453

Our Pool is now in production for a couple of months without any troubles. We upgraded always to the newest wallet.

Try our pool MiningHere!

http://mininghere.com:8001


Mininghere has:
1. a pool for scrypt and scrypt-n at http://mininghere.com:8000
2. a pool for Burst at http://mininghere.com:8001
3. a blog at http://mininghere.com

MiningHere is located in Asia (Singapore)

Besides above we operate a node for NXT (in Taiwan) and if somebody helps me to setup a node for BURST we are glad to do that in Taiwan as well.
We operate also an OpenBazaar shop at: 3b6e179486c15e9e351c4ff624cd975cb28f25fd
And Elmit's ZeroNet blog at http://127.0.0.1:43110/19Wd2MsWJz2rQv446kQTakrpFZ7aqQwNXd

Ing. Ronald Wiplinger (@ ELMIT)   Blog and pools: http://mininghere.com  PetaByte Asset ID: 14668748687827404894 Burst Store ID: BURST-ZWHE-HQ8D-GMQ7-6YYPT Tel.: (O) +886 (0)2--2623-3117, (M) +886 (0) 988--70-77-42, Skype: Ronald
Elmit
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BURST got Smart Contracts (AT)


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January 28, 2015, 03:14:08 PM
 #17454

Which API can reveal the latest Block Finder??

Ing. Ronald Wiplinger (@ ELMIT)   Blog and pools: http://mininghere.com  PetaByte Asset ID: 14668748687827404894 Burst Store ID: BURST-ZWHE-HQ8D-GMQ7-6YYPT Tel.: (O) +886 (0)2--2623-3117, (M) +886 (0) 988--70-77-42, Skype: Ronald
mmmaybe
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January 28, 2015, 03:17:31 PM
 #17455



[---]
Still waiting for the blockchain to download, but I assume that worked. Smiley

It's normally faster to download the blockchain externally - if you trust the poster. Here is a fresh (10 minutes old) version on mega:
https://mega.co.nz/#!kg5wDLiT!rFw-9Yt6w5dYWfl7XguDGj6NK6iHyWhZG89JeNAbwh8


***EDIT:
The same version can be found here:
http://burstcoin.info/d/db/

***EDIT2:
Now the BlockChain is linked from http://burstcoin.info/

We will try to keep an updated version there.

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January 28, 2015, 03:34:28 PM
 #17456



[---]
Still waiting for the blockchain to download, but I assume that worked. Smiley

It's normally faster to download the blockchain externally - if you trust the poster. Here is a fresh (10 minutes old) version on mega:
https://mega.co.nz/#!kg5wDLiT!rFw-9Yt6w5dYWfl7XguDGj6NK6iHyWhZG89JeNAbwh8


***EDIT:
The same version can be found here:
http://burstcoin.info/d/db/

We will try to keep an updated version there.
Awesome, thankyou. Faucet paid out too, guess I'm up and running  Cool

BTC: 13cbMaTiNdXPh1RNEAJ8CEGyae6msPKJGb
marcoman22
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January 28, 2015, 03:56:29 PM
 #17457

"when funding your account for the first time, you also need to include your public key"

...how?

I don't think it is needed now, just go to http://burstcoin.eu/faucet to have your startup coin into burst world~~
Well that's confusing, but thanks. Still waiting for the blockchain to download, but I assume that worked. Smiley

So how long it will take to download the whole blockchain.
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Bitcoin Journalist PM for more info


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January 28, 2015, 04:05:13 PM
 #17458

The media attention continues. Our press release got published, slightly modified, in a mainstream UK paper today, The UK News:
 
http://www.theuknews.com/index.php/nav/newsr/5228

A new mainstream media article with an interview is coming in a day or two, btw.


Regarding Media attention, looking to talk to some Burst team members for just that. Who should I talk to?

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www.crowetic.com


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January 28, 2015, 04:19:35 PM
 #17459

Ok,  So ive Finally ploted about 30tb and im starting to feel like the Pools are not paying me appropriately.  So i would like to start solo mining for a bit to compair the payouts.    How do I get my PoC miner to Read from Multiple drives.  as of now the Poc miner Only mines from the Plot folder that the PoCminer.bat is Included in.


I need it to read from about 7 different harddrives.   

Untill Now i was using Uray's Miner in which i was able to simple add the paths to each plot folder in a .cfg file  How do i do the same with POC miner?

Bumping This So it doesnt get lost Unanswered in the thread!

500 burst for the first person who post a Solution for me!

come try our new coded pool. http://pool.burstcoining.com:8124

We believe our payout system to be the fairest of them all, kinda like snow white. Wink



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January 28, 2015, 05:38:59 PM
 #17460

Interesting discuss with Vitalik in the comments here, other, especially those with a technical background may want to weigh in:
https://www.cryptocoinsnews.com/cryptocurrency-burst-makes-smart-contracts-reality-happened-ethereum/

And fyi, happy to post for anyone who wants to post anonymously...  just send me a PM with your post.

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