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

[FakeAccount]

competition is good for business and risk diversification is highly recommend

-[ANNOUNCEMENT]- First Burstcoin.de Asset
New Asset with 2% Intrest a Month / 24% a Intrest a Year / Highly Secure

Asset Name – BdeBank
Total number available – 500.000
Price –  50 Burst
Asset Number (ID)– 4053085726300717216
First payout is the first of April!

2% intrest montly! This asset pays out 2% intrest monthly.  One B.deBank  Asset = 50 Burst. 2% of 50 Burst = 1 Burst / month payout.

URL: http://www.burstcoin.de/assets/asset_b.debank.pdf

Guaranteed monthly payout! Every first day of the month i will payout all intrest of the assets. Regardless how long you are owner oft them. Also if you bought the assets one day before the first.

Save Investment! The intrests are covered and backed by my mining system. If all shares are sold, i have to pay 500.000 Burst  intrest a month. My Miners make average 25.000 Burst per day, whats in a month 750.000 Burst. So the payment of intrest is secured forever. Also i am actually bring up more miners, also, look above, this is covert with my burst account with 8.4 Million Burstcoins atm.

Instant Cashout without loss! Also you can cashout anytime. I will buy back the assets from you. Therfore i will place a buy order for every sold asset with a price of 50 Burst. The price what i pay for the payback will decrease 1% every month.  Buywall will be created instantly after the first sales and adapted every first day of the month.

Burstcoin.de is the name oft the german website of burst , with mining guides, best practises, how tos, a manual for beginners, example hardwares from my miners, scripts for tracking the mining tasks, news over burst, etc. and information for the german community is actually daily added.

Bobafett is my username in Bitcointalk.org and burstforum.com.  I´m mining and investing in Burst qfilsince the beginning. I invested over 8500 Euros since now in Burst (bought with btc) and mining hardware. Until now i never sold any of my coins because i really belive this coin has a bright future.

Bobafett is the owner oft the account BURST-AJ63-3W8L-FGBT-2ALZE and now holding over 8.4 Million Burst and is now Top 11 of all Burst holders .

Bobafett is  mining with over 120TB every day and my next miner is acutally plotting. My daily minded income of burst are between 20.000 and 30.000 Burst.

in the real world, when one sees words like guaranteed etc... and 2% monthly (24% per annum), red flags go up.  
where is the 2% monthly coming from?  banks can do this by printing money, increasing fiat supply and effectively destroying your interest earned anyways.  Here, we have a fixed coin supply, so how is profit made to pay out the 2% monthly guaranteed?

Income is fully secured by my mining system as written and as you can self proof if you look at the stats of my burst account.

The Burst will be used in future (not now a these price levels) to enhance mining cap and gain additional income with mining.

Also additional income ist made by daytrading a small amount thats not so significant that a loss will affect the payout and the option of buyback.

Be sure, i have a business plan, otherwise i would not do that. The buyback order is also placed and you can instantly and easy sell your assets back to me.

Other things are also in pipe, but its to early to speak from.

mathematically it's impossible for you to pay out indefinitely because eventually with difficulty rises you won't have enough to cover it.  this is a fiat model applied to a fixed asset based on blockchain technology except there's a fixed amount of crypto whereas an unlimited amount in fiat world.  i don't think you really thought this through and have worked out financial statements with variance analysis.  if you did, please post them.  writing a paragraph of what you said is not enough nor does it show any financial calculations behind this. I've seen too many similar projects in different cryptocurrencies start out but end up in the eventual destination which I won't name so as not to label you or offend you (not my goal with this).

[FakeAccount]

I'm trying to find the pool that works best for me with around 16TB on an i5 ubuntu machine with 8gb ram.
I started with cryptomining farm, which seemed to work fine but I'm in southern california, the farm is in asia and occaisionaly I miss out on a few good deadlines by being too slow.  I'm thinking I'll get my nonces delivered more quickly to pool closer to me.  I know there is an east coast pool in the US and a few in Europe, does anyone know of a good pool on the west coast of the US ?

thanx in advance,
 

propagation delay is the least of your worries.  optimize your plots instead to speed up read times.

[mczarnek]

I have my own thoughts, but I'd like to hear the thoughts of others.. I'm been working on an article for a while now.

What advantages does Proof of Capacity have over Proof of Work?

What advantages does Proof of Capacity have over Proof of Stake?

[tiker]

Anyone know what file the burstcoin contacts information is stored in? I'd like to move my contacts from one computer to another, but not sure where they are located on the filesystem.

The contacts are stored in the browser's database storage for the site.  I'm not sure what the technical term for it is.

For example, on my system, Windows 7 with Chrome, contacts and asset information is in the leveldb files stored here:
C:\Users\ed\AppData\Local\Google\Chrome\User Data\Default\IndexedDB\http_localhost_8125.indexeddb.leveldb

[Elmit]

In Linux it is in something like:

~/.mozilla/firefox/******.default/storage/default/http+++localhost+8125/idb/******NBRDS__RUES.sqlite    for users

~/.mozilla/firefox/******.default/storage/default/http+++127.0.0.1+8125/idb/******NBRDS__RUES.sqlite    for assets

***** depends on your system!

[mmmaybe]

I have my own thoughts, but I'd like to hear the thoughts of others.. I'm been working on an article for a while now.

What advantages does Proof of Capacity have over Proof of Work?

What advantages does Proof of Capacity have over Proof of Stake?

1. Energy?
2. Security?

[coinits]

I have my own thoughts, but I'd like to hear the thoughts of others.. I'm been working on an article for a while now.

What advantages does Proof of Capacity have over Proof of Work?

What advantages does Proof of Capacity have over Proof of Stake?

1. Energy?
2. Security?

Cost Effective
Unique

Can this be 51% attacked?

[mmmaybe]

Can this be 51% attacked?

I believe it can.

[jzhoulon]

still have no desktop wallet which can be installed on pC? and is dev still developing this coin? seems didn't update for more than one month, the last update is 2/05

[mmmaybe]

still have no desktop wallet which can be installed on pC? and is dev still developing this coin? seems didn't update for more than one month, the last update is 2/05

A lot of work is being done, by core devs but also by about 15 ppl on marketing, software, etc Updates will be coming.

[Irontiga]

Can this be 51% attacked?

I believe it can.

51% is harder tho, when u have to plot, and where capital needed is so much more than maintenance costs...it's just that when btc price becomes low, people turn off, making it easier, burst no one will turn off

[bobafett]

How do a news spread? Well, if you Apple it's easy - you just announce a press conference and 800 reporters show up. For smaller businesses it's much harder, where you basically have to identify the agent whom can spread the news you have and hope for them to pick it up and the customers.

For the first press releases, Burst chose the latter with quite good results. However, doing it manually is terribly time-consuming and wont cover the whole relevant area.

There is a third alternative:
Companies specializing in distributing and getting PR published. We have used one such service with amazing results. We're featured at both Yahoo finance, Bloomberg and a number of key media sites for crypto. They were way better than us.

Of course these companies charge for their services, either in dollars or in established crypto currencies. The price for Bitcoin PR Buzz' service that we used last time is $429, but they also have a premium service for $779.

We could do this as a standard CF case but that would require that we dump the Bursts for BTC. So another way to do this is do it as a standard BTC donation case; we provide a BTC address to collect the money from the.

Here is the site: http://bitcoinprbuzz.com/services/

I promise to provide $50/0.2 in BTC to get things started. If you want an escrow or someone else in charge of the fund, we'll be happy to go with that.

For now the address is: 1AxtsE2ciNmY8Y9Rt9UBude6i1iW176oQB


What do you think? Can we count for you support...? If we could do this in a week or so it would be great, as we then would have the means to act when dev news hit us. If you donate, PM me the tx, nick and sum (we are planning a Hall of Contributers/Fame for community members supporting development!)


***EDIT: 0,227BTC ($65) donated by mmmaybe. https://blockchain.info/sv/tx/fa9f80a46e328e20e8653d7f21da83cadc0e29bf6c331dbb6a6b2706cbf0b074

https://blockchain.info/sv/address/1AxtsE2ciNmY8Y9Rt9UBude6i1iW176oQB

Hi,
greate news. i will sent you tomorrow some BTC. I just have to change some euros in btc......

[mmmaybe]

[---]

Hi,
greate news. i will sent you tomorrow some BTC. I just have to change some euros in btc......

Thanks Remember that a contribution enabling a widely spread press release is an investment, just like buying coins. In February, the PR sent out seems to have broken the downtrend.

[bobafett]

breaking the downtrend is one goal, pr is also good. but i think the new features that will appear will do the rest! im very exited about that.... :-)

[mmmaybe]

We now have our mainsite burstcoin.info, but with the help of boba we are now also featured on German: burstcoin.de.

We think this will be a step to spread the word of BURST to a wider audience. The sites should be hosted on independent vpser, amd offer a good translation of the content of burstcoin.info (NO GOOGLE!!)

For each of the translations I offer 25,000 BURST.

Anyone want to add to the price pool is free to do so, to increase the incitements to actual do the more. If we got this 100,000 BURST, I believe the work to done soon. Updates will be presented in this post. If you want to contstribute and to what PM me.

The language translation we are especially interested be:

- Chines          25,000
- Japan           25,000
- India            25,000
- Italian          25,000
- Spain           25,000  
- Portuguese   25,000
- France         25,000
- Polish          25,000

Help will installation can be requested. Help with domain buys and vps rent can be requested.



So how important do you think these marked could be for BURST? Please donate some coins and let the development/translation begin:D

So far we only have two translators, and I fully understand that given the level of payment and needed work. Still sites in different languages are important.

Please look at the big picture and what a Chines site could do for BURST and donate some BURST to increase the sums received by the translators.

[ticote]

I have my own thoughts, but I'd like to hear the thoughts of others.. I'm been working on an article for a while now.

What advantages does Proof of Capacity have over Proof of Work?

What advantages does Proof of Capacity have over Proof of Stake?

Proof of Capacity is a diferent way of making coin disrtibution, so the advantages or disvantages must be seen in the coin distribution fairness.

For Proof of Work system it was a fair distribution until the price raise and people strart using specialized equipments to get more coins (it has nosense to stock hunders of computers with docens of GPu on each or ASIC that can make very simple and fast operation, but nothing more)

For Proof of Stake, if the stake is high the coin become inflacionist and has no worth, but if the stake is low (or even 0) is really difficult to ensure the blockchain, so is easy to attack it.

BURST, the unique POC coin, uses the HD for getting coins but, for sure, if the price raise there will appear ASIC and we sill stock docens of HD that could be used for other things.   

[bobafett]

BURST, the unique POC coin, uses the HD for getting coins but, for sure, if the price raise there will appear ASIC and we sill stock docens of HD that could be used for other things.   

i dont think that asics will come up in the next years. If the come up, your miners could easy be switched to a maidsafe oder a strojx miner.....so no problem at all.

[lagur]

I just moved my miner to us.burstcoin.io then I got these...

405160    2.2609%    0.00    #75795
223914    0.2840%    0.00    #75794
1207295    0.0616%    0.00    #75793
56697    3.1776%    0.00    #75792
350766    0.1171%    0.00    #75791

Balance is always 0.00

Is this normal? or should I wait a little longer?

[ticote]

BURST, the unique POC coin, uses the HD for getting coins but, for sure, if the price raise there will appear ASIC and we sill stock docens of HD that could be used for other things.   

i dont think that asics will come up in the next years. If the come up, your miners could easy be switched to a maidsafe oder a strojx miner.....so no problem at all.

Not so far.....

A i7 can get 20MHash/s and a Antminer S4 gives 2 THash/s. So there is a factor 100,000.

In BURST ploting a i7 calculate 20,000 nonces/minute (about 5 Gb/min), if you apply the same factor, the hipotetical BURST ASIC will calculate 0,5 PB/min, an equivlalent in the 4 minutes block time to a 2Pb (15% of actual size).

The cost of the Antminer S4 is 1500$ and consumes 1500W, the cost of 666 3Tb HD (100$ each) is 66,000$ and consumes (8W each) 5300W (and you would need docens of computers).

So, if the price raise and BURST got popularity, ASIC will come, but don´t worry, Bobafett, for then we will drive our own Ferrari without crowdfund the FerrariSharing.

[bobafett]

So, if the price raise and BURST got popularity, ASIC will come, but don´t worry, Bobafett, for then we will drive our own Ferrari without crowdfund the FerrariSharing.

on our own little island :-)