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

[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.

[bitladen]

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

Yea I wonder, why is there no decentralized exchange for BURST at least? BURST supports this

[riskyfire]

Hi,

My two cents!

The value of this coin and all other crypto coins are based on its usability and perceived value.

Right now we can only Mine -> Hold / Exchange for btc / Buy Assets / Donate for PR

We need to create more items, tools, services & products so people can spend and earn burst within our
community and then build outwards from there. We need more places to spend the coin, more stuff like
the burst derby game (which I loved), more assets, more trading.

Is someone here capable of building a burstcoin dice or similar game. I'd be happy to pay in burst for
such a creation.

Thanks

[CoinBateman]

Hi,

My two cents!

The value of this coin and all other crypto coins are based on its usability and perceived value.

Right now we can only Mine -> Hold / Exchange for btc / Buy Assets / Donate for PR

We need to create more items, tools, services & products so people can spend and earn burst within our
community and then build outwards from there. We need more places to spend the coin, more stuff like
the burst derby game (which I loved), more assets, more trading.

Is someone here capable of building a burstcoin dice or similar game. I'd be happy to pay in burst for
such a creation.

Thanks

Why aim so low, dice games are everywhere. We need something a bit more.

The smart contracts is really awesome.

[bitladen]

My 2 bursts:

Yes, features boost trading, but still we have to trade it in order to have something to boost.
So don't hold all, trade some. And most importantly after you sell, place buy orders. This puts pressure on the traders, they can no longer wait for the price to drop.

poloniex and bittrex are great assets this coin has. sadly we are not using them right.

[riskyfire]

Hi,

My two cents!

The value of this coin and all other crypto coins are based on its usability and perceived value.

Right now we can only Mine -> Hold / Exchange for btc / Buy Assets / Donate for PR

We need to create more items, tools, services & products so people can spend and earn burst within our
community and then build outwards from there. We need more places to spend the coin, more stuff like
the burst derby game (which I loved), more assets, more trading.

Is someone here capable of building a burstcoin dice or similar game. I'd be happy to pay in burst for
such a creation.

Thanks

Why aim so low, dice games are everywhere. We need something a bit more.

The smart contracts is really awesome.

It's not aiming low, it's just one of several possible starting points.
The reality is that most people will not be using smart contracts, no matter what cool features it provides.
People want to be able to swap burstcoin for other things, just like they do with a fiat currency. Nobody wants the actual paper (fiat), they want the stuff you can buy with it.

[riskyfire]

New Asset Announcement

Name: ByteEMini
Asset ID: 639537212154320
Offer Price: 0.4
Total Shares: 100,000
Dividends: Monthly

100 ByteEMini = 1 ByteEnt

This asset is based on my personal holdings of 1000 x ByteEnt shares details on this can found here
https://bitcointalk.org/index.php?topic=731923.msg10682579#msg10682579

All dividends received on my 1000 ByteEnt shares will be passed onto ByteEMini holders. Payouts monthly.

This asset is for people that were interested in the ByteEnt shares, but perhaps didn't have the funds for purchasing
or missed the initial offer or want to try out the asset market with a smaller asset purchase.

To purchase:-
Open burst wallet
Click Asset Exchange tab on left side navigation menu
Click Add Asset button top right side corner
Enter asset id: 639537212154320

Recommended purchase in blocks of 100

Any questions please ask.
Thank you.

01/06/15 - Dividend paid 0.0097626 per share
01/07/15 - Dividend paid 0.0046139 per share
05/08/15 - Dividend paid 0.0064626 per share
08/09/15 - Dividend paid 0.0078800 per share
05/10/15 - Dividend paid 0.0067300 per share
06/11/15 - Dividend paid 0.0008270 per share
04/12/15 - Dividend paid 0.0072500 per share
06/01/16 - Dividend paid 0.0085626 per share
12/02/16 - Dividend paid 0.0061700 per share
10/03/16 - Dividend paid 0.0121132 per share
06/04/16 - Dividend paid 0.00925    per share
10/05/16 - Dividend paid 0.00756    per share
08/06/16 - Dividend paid 0.00585    per share
08/07/16 - Dividend paid 0.00579    per share
09/08/16 - Dividend paid 0.01256    per share
06/09/16 - Dividend paid 0.00704    per share
10/10/16 - Dividend paid 0.00504    per share
09/11/16 - Dividend paid 0.00593    per share
09/12/16 - Dividend paid 0.00459    per share
17/01/17 - Dividend paid 0.00539    per share
14/02/17 - Dividend paid 0.00471    per share

14/02/17 ByteEMini - Important Update! Share Swap
Important update regarding this asset which I have maintained for over almost two years. I don't have time to put into the payments of dividends and the original idea was that this asset was a mini version of the ByteEnt asset at a ratio of 100/1.
Not much trading takes place and the asset holders are pretty much constant holders so I've decided to swap over the ByteEMini assets for the actual ByteEnt asset on the same basis they were purchased 100/1.

No more dividends will be paid by this asset. Asset holders need to transfer their ByteEMini assets to BURST-N8KB-DKKW-9C4W-AF289 where they will be exchanged for ByteEnt assets at a ratio of 100/1. If you don't have a round number transfer what you have and I'll round up your amount so you get the correct number of ByteEnt.

Thankyou.

[bensam1231]

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.

Erm... It's not just about selling, it's about buying too. Burst doesn't have enough demand to support everyone selling. If all the holders sold, the coin would crash. That's why it was so profitable for so long to mine, because a lot of people were holding. There is a LOT of Burst in circulation right now being held by people.

The coin price right now is what happens when the holders start selling. There isn't enough buyers. Selling and buying will just encourage more dumping unless you're buying more then you're selling.

Yes, people may leave the coin for another if there is more then one PoC coin. That's what happens when there are choices. It doesn't mean the coin is any less dead if another doesn't exist, it just means the technology has more then one home and wont die out with one coin (if the coin dies). Right now all the eggs are in one basket. Every major algo has more then one coin associated with it EXCEPT PoC.

Mining for the sake of 'security' is a self serving excuse. The coin would be fine without massive hash power much as it was before it had it. Also this is different from what you said a month ago when you were saying you hold all your coins and don't sell any. Perhaps the reason the market is crashing right now is because of you as I predicted a month ago? Burst was being propped up by a bunch of miners holding hands and not selling. You get one big miner who decides to start dumping and the coin goes with it. Good job bro.

Hi,

My two cents!

The value of this coin and all other crypto coins are based on its usability and perceived value.

Right now we can only Mine -> Hold / Exchange for btc / Buy Assets / Donate for PR

We need to create more items, tools, services & products so people can spend and earn burst within our
community and then build outwards from there. We need more places to spend the coin, more stuff like
the burst derby game (which I loved), more assets, more trading.

Is someone here capable of building a burstcoin dice or similar game. I'd be happy to pay in burst for
such a creation.

Thanks

Why aim so low, dice games are everywhere. We need something a bit more.

The smart contracts is really awesome.

The coin still really has massive usability problems. You can't even make smart contracts without a lot of work. The wallet is a hassle to use and if you want to start mining you have to jump through a ton of hoops to do so. Many PoW coins have a simple 'mine' button right on the wallet. Obviously it doesn't work very well, but it still has it. I'm sure PoC2 will help with plot generation times, but right now it's a fairly complicated and very long process.

[Yanakitu Tenatako]

Price was even lower before, this is not bottom.

I am holding and I know that price will rise.
Buying BURST is point, but ppl need reason to BUY.

So look for a good reason to buy, not to sell.

[Elmit]

New Asset Announcement

Name: ByteEMini
Asset ID: 639537212154320
Offer Price: 0.4
Total Shares: 100,000

100 ByteEMini = 1 ByteEnt

This asset is based on my personal holdings of 1000 x ByteEnt shares details on this can found here
https://bitcointalk.org/index.php?topic=731923.msg10682579#msg10682579

All dividends received on my 1000 ByteEnt shares will be passed onto ByteEMini holders. Payouts monthly.

This asset is for people that were interested in the ByteEnt shares, but perhaps didn't have the funds for purchasing
or missed the initial offer or want to try out the asset market with a smaller asset purchase.

To purchase:-
Open burst wallet
Click Asset Exchange tab on left side navigation menu
Click Add Asset button top right side corner
Enter asset id: 639537212154320

Recommended purchase in blocks of 100

Any questions please ask.
Thank you.

I am puzzled about this asset. What is it for? I mean, why not simple offer the original for trade? What if the price diverts of original and yours? What if the original transfers (again) into another asset? If somebody cannot afford 40, then I doubt he could afford 4 Burst to buy, lol.

[riskyfire]

New Asset Announcement

Name: ByteEMini
Asset ID: 639537212154320
Offer Price: 0.4
Total Shares: 100,000

100 ByteEMini = 1 ByteEnt

This asset is based on my personal holdings of 1000 x ByteEnt shares details on this can found here
https://bitcointalk.org/index.php?topic=731923.msg10682579#msg10682579

All dividends received on my 1000 ByteEnt shares will be passed onto ByteEMini holders. Payouts monthly.

This asset is for people that were interested in the ByteEnt shares, but perhaps didn't have the funds for purchasing
or missed the initial offer or want to try out the asset market with a smaller asset purchase.

To purchase:-
Open burst wallet
Click Asset Exchange tab on left side navigation menu
Click Add Asset button top right side corner
Enter asset id: 639537212154320

Recommended purchase in blocks of 100

Any questions please ask.
Thank you.

I am puzzled about this asset. What is it for? I mean, why not simple offer the original for trade? What if the price diverts of original and yours? What if the original transfers (again) into another asset? If somebody cannot afford 40, then I doubt he could afford 4 Burst to buy, lol.

Hi Elmit,

This asset is simply a diluted holding of the ByteEnt shares 100 to 1.

The price will follow ByteEnt shares at the diluted ratio because its the same thing essentially.

If ByteEnt transferred into a new or some other asset, Mini holders would have ownership of the new asset
just as if they were holders of the ByteEnt. This is just a dilution of the original shares 100 to 1.

100 Mini shares = 1 ByteEnt share

I expect overtime that ByteEnt shares will increase in value and my pricing strategy will become more obvious
for example if ByteEnt rises to 400 and ByteEMini will then be 4 burst per share. A lot more affordable to the average
wallet holder.

[crowetic]

New Asset Announcement

Name: ByteEMini
Asset ID: 639537212154320
Offer Price: 0.4
Total Shares: 100,000

100 ByteEMini = 1 ByteEnt

This asset is based on my personal holdings of 1000 x ByteEnt shares details on this can found here
https://bitcointalk.org/index.php?topic=731923.msg10682579#msg10682579

All dividends received on my 1000 ByteEnt shares will be passed onto ByteEMini holders. Payouts monthly.

This asset is for people that were interested in the ByteEnt shares, but perhaps didn't have the funds for purchasing
or missed the initial offer or want to try out the asset market with a smaller asset purchase.

To purchase:-
Open burst wallet
Click Asset Exchange tab on left side navigation menu
Click Add Asset button top right side corner
Enter asset id: 639537212154320

Recommended purchase in blocks of 100

Any questions please ask.
Thank you.

I am puzzled about this asset. What is it for? I mean, why not simple offer the original for trade? What if the price diverts of original and yours? What if the original transfers (again) into another asset? If somebody cannot afford 40, then I doubt he could afford 4 Burst to buy, lol.

Hi Elmit,

This asset is simply a diluted holding of the ByteEnt shares 100 to 1.

The price will follow ByteEnt shares at the diluted ratio because its the same thing essentially.

If ByteEnt transferred into a new or some other asset, Mini holders would have ownership of the new asset
just as if they were holders of the ByteEnt. This is just a dilution of the original shares 100 to 1.

100 Mini shares = 1 ByteEnt share

I expect overtime that ByteEnt shares will increase in value and my pricing strategy will become more obvious
for example if ByteEnt rises to 400 and ByteEMini will then be 4 burst per share. A lot more affordable to the average
wallet holder.

I for one, appreciate the backing. No matter what form. Thank you.

It also is good to have more assets no matter what, just use the system.

BURST isn't going anywhere, so yes, I too suspect that over time his asset will make more sense.

Also, ByteEnt is DEFINITELY not going anywhere. That asset will never die, will never change, it will never do anything but go up in % being paid out.



Right now people are losing faith, but that's fine, it weeds out the people who don't believe in the coin. Let them go.

I know what is in store, and even if it doesn't come immediately, it will come.


Take a look at BTC, do you think there weren't many times in its life where people said "this is dying, this is dead" etc? Hah. Laughable.


There are still many big things going on, albeit not as fast as some people might like, but that's life.



Take this as a time to accumulate a TON of everyone's favorite coin. That's what I'm doing.


BURST has always been a more long-term coin. If you can't see that, then dump and get out. But I truly believe that the people who are here, sticking it out when the price is low and people are naysaying, THOSE are the ones that in the future will be very very pleased, just like the early adopters of BTC that didn't cash out to buy pizza.

My 2 BURST.

Thanks riskyfire, for backing my company and believing in our assets, and thank you for seeing further than a day. (as it seems a lot of people do.)

[riskyfire]

Np Crowetic,

ByteEnt is a great asset and everyone can see the great things you're doing for Burst.

It makes sense for all of the miners on Burst.Ninja to be buying the asset or my mini version
and take some ownership and profit from the pool your mining on. Plus these guys are working
on several other things.

Burst, ByteEnt and by extension ByteEMini have a very bright future, it's early days.

[crowetic]

Np Crowetic,

ByteEnt is a great asset and everyone can see the great things you're doing for Burst.

It makes sense for all of the miners on Burst.Ninja to be buying the asset or my mini version
and take some ownership and profit from the pool your mining on. Plus these guys are working
on several other things.

Burst, ByteEnt and by extension ByteEMini have a very bright future, it's early days.

Absolutely my friend, absolutely.

[GenTarkin]

Ha, further declining prices ... my theory continues to prove itself.

[crowetic]

Ha, further declining prices ... my theory continues to prove itself.

Yes, because prices in markets never go down. Get real man.

If you don't believe in the coin, no one is keeping you here bro.