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

[pinballdude]

BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.

Put more orders there! or dump ...I'm buying

I had a sell order for a million burst and change at 112 but that was just to help weak hands sell into my buy order at 103. It worked, i've gotten all the burst back i temporarily used to buy some BTC i needed elsewhere.

I'll buy myself a few BTC for fiat, and spend them on liberland suisse settlement corporation shares  https://www.facebook.com/pages/Liberland-Suisse-Settlement-Corporation/609330502536126?fref=ts  , then i'll buy BURST for the rest, there will probably be a little left over...


Anyway, whoever sold burst at 103, thanks a bunch for helping me get my BURST back, i was missing them.

[bensam1231]

Apparently sometime last night the buy wall was eaten. RIP 7 BTC.

Let's not forget that Burst mining doesn't utilize the hard drive 100% of the time like mining on an GPU does.
Just a few minutes per block.

No doubt GPUs are more flexible -- but the cost of mining Burst is SIGNIFICANTLY lower than any GPU mining... unless you have free electricity -- then all bets are off.

I agree, it's not about the tech though. It's about lack of a safety net. This technology is currently limited to one coin, where there are tons of coins and algos available for a GPU miner. Even if one coin explodes (I've seen many do that), GPUs can be shifted to a different coin or even moved around based on what is most profitable.

Do you actually use GPUs? or are you just making conversation? They are nowhere near as reliable as CPUs. The stock cooling is definitely not enough, I've had a bunch myself that failed, I wasn't even mining with them.

On the other hand, about HDDs, where do you get your information? Sure they have a limited lifespan. But that's like over 100,000 hours MTBF on any hard drive. And last I've checked they usually come with 2 or 3 year warranty if not 5. And 100k hours MTBF is over 10 years. In 10 years they'll be worthless anyway. So essentially HDDs have *unlimited* lifespan. And burst uses them like 1% of the time. So you can still use your computer, while mining. PoC is quite brilliant. Also, a HDD loses value more slowly than GPU or CPU, so BURST it's more like realestate, you make some money on the rent, but you still have the house that you can sell after 3 years. Oh and there's very little electricity cost too.

That's where I came from. Maybe I got lucky, but I had a rather large GPU farm before coming to Burst. They don't burn out unless you overvolt the crap out of them and the only thing that happens are the fans fail. Scrypt was the only thing that ran them really hot and even then it never caused any of mine to fail.

Not sure where your experience is coming from if you had a bunch, but you never mined with them then...

As far as experience with hard drives? I've owned quite a few over the years, this is also a good place to start: https://www.backblaze.com/blog/best-hard-drive/

That being said, not only do you lose warranty and HDs become more prone to failure over time, but they also get nosier as the bearings start to fail and they accrue bad sectors. They're mechanical, they will eventually, always fail as the bearings wear out (we are talking about mechanical HDs here, not SSDs). GPUs and CPUS are not mechanical except for the fans. Indeed, a few drives come with a 2-3 year warranty, a lot also come with a 1 year warranty, but both of these cover the five year failure window I mentioned. 5 year warranties are found on the more expensive HDs and you're essentially paying decent size premium for longer coverage.

I never said PoC was bad, it's bad that there is only one PoC coin.

[bobafett]

If we get poc2 soon. Mining will be more attractive to the gpu miners...

[crutsy]

If we get poc2 soon. Mining will be more attractive to the gpu miners...

We need a good multi-pool... I'd point some GPU towards it

[go6ooo1212]

I think if BURST is able to be mined by GPU - I will kill the value , unless the block reward reduces 20 or 30 times..

[pinballdude]

If we get poc2 soon. Mining will be more attractive to the gpu miners...

i kind of like the harddisk mining as it works now. With burst POC it is more important to have disk space, and less important to have cheap electricity. Where i live the statist government puts a lot of taxes on power, i pay 0.35 USD per kwH. So harddisk mining is good for me, because it does not require much electricity.

[pinballdude]

I think if BURST is able to be mined by GPU - I will kill the value , unless the block reward reduces 20 or 30 times..

value would be the same, because it is the same amount of BURST entering the economy, no matter how many resources are used for.

[pinballdude]

If we get poc2 soon. Mining will be more attractive to the gpu miners...

We need a good multi-pool... I'd point some GPU towards it

There was one, once a while back. I wonder where it went?

[coinits]

If we get poc2 soon. Mining will be more attractive to the gpu miners...

We need a good multi-pool... I'd point some GPU towards it

There was one, once a while back. I wonder where it went?

Multipools did not pay well. Waste of time.

[bitladen]

You move 30-40 blocks 3-5 times a day in a midlle acount and then to Poloniex.....I think u move many billion Burst here to keep them fresh  .
That Coin and that Team need people with faιth ,not people who look all the time at the PolonieXs price.

That's it your a genius! You can read the blockchain!
A coin is a coin, and not a forum thread, has to have value, right? Can't draw its value from people talking on the forum, has to be bought and sold.
I sell some, I keep some. FYI, I have 8 mil burst, and I'd rather not have them, but then I'm not gonna dump at 100 either.

And I just beat all pools, I'm #1 miner. And going up! I'd quit at this price, but then again BURST is really inexpensive to mine. Perhaps we need more PoC coins. Block reward is deflating too fast here, it is going to kill the coin.

[coinits]

If we get poc2 soon. Mining will be more attractive to the gpu miners...

We need a good multi-pool... I'd point some GPU towards it

^ ^ ^
This

You can say This all day long but it will not work. It was tried and failed. The payments were too low to justify it.

[PatronDragon]

Who has a wplotgenerator version such that not only to break a disk into plots, but also to mining at once? Lay out it somewhere and please here link a reference!

[bensam1231]

I've been doing some sleuthing while using devpool v2. V2 doesn't seem to take into account how many deadlines you submit within a certain amount of time or it averages them. Which means miners who are really slow are getting paid extra for faster blocks where they can't submit as many deadlines.

Maybe this is incorrect, but it definitely seems that way. I'm getting paid just as much for doubling my mine time (50s to 100s).

This means slow miners that can't help contribute as much to faster blocks are getting rewarded like they can.


Also I still forge a lot more blocks on pools then solo for some reason. No one really has come up with a explanation for this. Has anyone else experienced this?

If we get poc2 soon. Mining will be more attractive to the gpu miners...

Why would you want GPU miners to be attracted to Burst? The whole idea of PoC is to use HDs to mine... ~_~

[iscal]

You move 30-40 blocks 3-5 times a day in a midlle acount and then to Poloniex.....I think u move many billion Burst here to keep them fresh  .
That Coin and that Team need people with faιth ,not people who look all the time at the PolonieXs price.

That's it your a genius! You can read the blockchain!
A coin is a coin, and not a forum thread, has to have value, right? Can't draw its value from people talking on the forum, has to be bought and sold.
I sell some, I keep some. FYI, I have 8 mil burst, and I'd rather not have them, but then I'm not gonna dump at 100 either.

And I just beat all pools, I'm #1 miner. And going up! I'd quit at this price, but then again BURST is really inexpensive to mine. Perhaps we need more PoC coins. Block reward is deflating too fast here, it is going to kill the coin.

 Stop search for imbeciles and genius, just send some Burst as donation to people who work hard to make that coin bigger.
 Send some mBTC to PR team.
 Btw why you use a middle account to move burst?

[Elmit]

You move 30-40 blocks 3-5 times a day in a midlle acount and then to Poloniex.....I think u move many billion Burst here to keep them fresh  .
That Coin and that Team need people with faιth ,not people who look all the time at the PolonieXs price.

That's it your a genius! You can read the blockchain!
A coin is a coin, and not a forum thread, has to have value, right? Can't draw its value from people talking on the forum, has to be bought and sold.
I sell some, I keep some. FYI, I have 8 mil burst, and I'd rather not have them, but then I'm not gonna dump at 100 either.

And I just beat all pools, I'm #1 miner. And going up! I'd quit at this price, but then again BURST is really inexpensive to mine. Perhaps we need more PoC coins. Block reward is deflating too fast here, it is going to kill the coin.

 Stop search for imbeciles and genius, just send some Burst as donation to people who work hard to make that coin bigger.
 Send some mBTC to PR team.
 Btw why you use a middle account to move burst?

I have the feelings there are UNWRITTEN RULES to obey, like
- don't mine with the same IP,
- don't mine with the same hard disk multiple users,
- don't sell Bursts,
- don't trade with Bursts,
- ... (fill the blanks)
- in fact do not do anything with it,
just DONATE them, and hope that the PR Gods will promote Bursts.

FYI, ANY transaction has a transaction fee attached, and THAT fee is for the miners. Therefore don't STARE at your (thousands/millions of) Bursts, move them instead. If there is no NEED for that, than there is also no NEED for Bursts at all.

I suggest to:
- create shops
- create assets
- create/use/promote AT (like the long forgotten lottery)
- add Burst ads to your email, ... social networks' signatures
- promote Burst's AT ability

... just do it! Don't wait till the PR team has a flash once again. Donate to yourself, but promote now!

[unsoindovo]

i hope no, because i'm holding / mining burst from the beginning,
but...
the chart it is rellay clear:
we are going to die?

[bensam1231]

i hope no, because i'm holding / mining burst from the beginning,
but...
the chart it is rellay clear:
we are going to die?

Kinda doubt Burst is going to 'die', but there is way too much Burst in circulation so it's entirely possible it may halve again. This is why I mentioned there should be more then one coin that uses PoC.

Since PoC uses relatively little electricity the hash power will probably stay the same. I'm contemplating selling my HDs at the moment as it was a bad idea to invest all in on one coin, but I really don't want to take the 30% hit on of reselling them. ROI right now is completely out the window.

[PatronDragon]

Who has a wplotgenerator version such that not only to break a disk into plots, but also to mining at once? Lay out it somewhere and please here link a reference!

[daWallet]

Decentralized Crowdfunding with no fees - done.
Decentralized Lotteries with no fees - done.

https://bitcointalk.org/index.php?topic=966622.msg11330897#msg11330897

Imagine a decentralized Coin Exchange platform with Burst as Lead C:\urrency

[bitladen]

i hope no, because i'm holding / mining burst from the beginning,
but...
the chart it is rellay clear:
we are going to die?

Kinda doubt Burst is going to 'die', but there is way too much Burst in circulation so it's entirely possible it may halve again. This is why I mentioned there should be more then one coin that uses PoC.

Since PoC uses relatively little electricity the hash power will probably stay the same. I'm contemplating selling my HDs at the moment as it was a bad idea to invest all in on one coin, but I really don't want to take the 30% hit on of reselling them. ROI right now is completely out the window.

Burst is on a nosedive. Holders don't seem to understand that this is a coin. Thus it has to be traded. Don't hold it, dump, pump, make action on the market.
Everybody is holding and it's slowly dying. Don't dream it's gonna jump to 300 overnight. It can only happen if there is action on the market.
I said this 2 months ago, everybody was dreaming to sell it @300 back then. Now, it looks like was right, unfortunately.

So all holders (many miners included here, I assume)  dump some coins, and put a buy order. If everybody did that, we'd be well. We need action. If no trades happen, coin is dying.

And there's the other issue of fast decreasing block reward. If block reward decreases faster than the BURST/BTC value increases, it's bad news. And the value keeps decreasing!
The only reason I'm still mining BURST is because there's no other PoC coin yet. I plan to make one though, and hopefully other people will make PoC coins also.

If there were other PoC coins, many miners would have left BURST for another, and then without miners the coin is completely dead.

I hear many people criticizing me that I mine to get profit. Well, duuuuuh!!! That's why anybody mines. And thus far I ended up mostly holding.
BUT I DO SOMETHING for the coin. I MINE. I mine a lot. I do a lot for the coin. Without hashpower the coin is insecure (open to 51% attack) and therefore dead, or ready to die at any time.