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

[crowetic]

-[Possibility of FUN announcement]-


Okay, so...


We were thinking... and since mining BURST right now really isn't making anyone anything...


What about if we do this! *drumroll*

-Possibly turn burst.ninja into a LOTTERY POOL! (what is a lottery pool you may ask?)

...how it would work...


1. Miners would mine on burst.ninja pool the same as they always would.

2. A decided upon percentage of the payouts, 25, 50, 75, hell, even 100% if majority approves... will go into a lottery winning fund.

3. You can purchase, or... we'll setup another address where you can actually MINE for lottery tickets only...

4. The winner of the lottery, will be paid out the lottery winner fund, this gives people a chance at making more than they would make in MONTHS mining, in a single week. It also gives smaller miners a chance at winning more than they'd ever be able to mine. We think it is a fun idea, especially since BURST mining is pretty boring right now, we figured we'd spice it up a bit.

So, I'm gathering opinions on this right now, the weekly payouts of burst.ninja pool are very high, as we're one of the largest pools. We were estimating it at around 1.5-2 million burst per week.

This means that if we give 50% of the payouts to the lottery, that's close to 1 million BURST paid out each week in the lottery! IF you setup your miners to mine for lottery tickets instead of BURST, you would have a pretty decent chance of winning, and even if it took you 2 months to win, you won't be able to mine a million burst in that short of a period of time, it has taken my 25TB miner over the time the pool has been running to make just close to 650k. The pool has been running quite a while, too. So the odds of mining a million burst for any normal miner, in anything less than probably 8 months or more, is pretty much impossible.

We think this is a fun idea that hasn't been done before, we think it gives people a reason to mine BURST, we think it gives a reason to use the ATs, we think it gives a reason for people to BUY BURST, to participate in this large lottery, we think it is a good idea, but we would like to get the opinions of our miners, and the community on this.

So, let us know what you think! Thanks!


**the ByteEnt asset miner would be setup to mine for lottery tickets only, to give the asset a chance at winning the lottery and thus splitting the dividends to all the asset holders as well!**

The idea has been shot down. Nevermind.

[go6ooo1212]

I think we can burn coins at C-Cex exchange , but I'm not sure about a single burn address...

[haitch]

-[Possibility of FUN announcement]-


Okay, so...


We were thinking... and since mining BURST right now really isn't making anyone anything...


What about if we do this! *drumroll*

-Possibly turn burst.ninja into a LOTTERY POOL! (what is a lottery pool you may ask?)

...how it would work...


1. Miners would mine on burst.ninja pool the same as they always would.

2. A decided upon percentage of the payouts, 25, 50, 75, hell, even 100% if majority approves... will go into a lottery winning fund.

3. You can purchase, or... we'll setup another address where you can actually MINE for lottery tickets only...

4. The winner of the lottery, will be paid out the lottery winner fund, this gives people a chance at making more than they would make in MONTHS mining, in a single week. It also gives smaller miners a chance at winning more than they'd ever be able to mine. We think it is a fun idea, especially since BURST mining is pretty boring right now, we figured we'd spice it up a bit.

So, I'm gathering opinions on this right now, the weekly payouts of burst.ninja pool are very high, as we're one of the largest pools. We were estimating it at around 1.5-2 million burst per week.

This means that if we give 50% of the payouts to the lottery, that's close to 1 million BURST paid out each week in the lottery! IF you setup your miners to mine for lottery tickets instead of BURST, you would have a pretty decent chance of winning, and even if it took you 2 months to win, you won't be able to mine a million burst in that short of a period of time, it has taken my 25TB miner over the time the pool has been running to make just close to 650k. The pool has been running quite a while, too. So the odds of mining a million burst for any normal miner, in anything less than probably 8 months or more, is pretty much impossible.

We think this is a fun idea that hasn't been done before, we think it gives people a reason to mine BURST, we think it gives a reason to use the ATs, we think it gives a reason for people to BUY BURST, to participate in this large lottery, we think it is a good idea, but we would like to get the opinions of our miners, and the community on this.

So, let us know what you think! Thanks!


**the ByteEnt asset miner would be setup to mine for lottery tickets only, to give the asset a chance at winning the lottery and thus splitting the dividends to all the asset holders as well!**

The idea has been shot down. Nevermind.

Don't shoot it down - dedicated pool for lottery payouts works, just don't do it with the primary burst pool.

[FakeAccount]

I have a possibly stupid question, but I can't remember if we ever got an answer for it...

Does BURST have a BURN ADDRESS??

If not, can we create one?

i have a vague recollection of some 0000000....00000000 address mentioined previously, but can't recall 100%

[luxe]

I have a possibly stupid question, but I can't remember if we ever got an answer for it...

Does BURST have a BURN ADDRESS??

If not, can we create one?

Hello BURST community !!

Can anyone please guide me on how to create a custom burn address?

Will appreciate your kind help.

bump
0.05 btc to the one who can create it

BURST-0000-0000-0000-0000

That is a burn address.  Could you swap that BTC into burst and send it to the address in my sig?  Thanks!

The addresses use Reed-Solomon encoding, so making a valid address is not that easy.

Good point.. This should be valid though:
BURST-SWG9-PYUU-68QD-BSNEN

This is what is output when you run the account number with all 1s through RS generation.

Generated using: http://www.mynxt.info/account/11111111111111111111

This will do !

The bounty is yours.

Thanks !

[RealBitcoin]

Burst website is down, what happened?

[riskyfire]

I've just had my first burst drive failure!

Sadly my Seagate Backup Plus 8Tb just died after 4 month mining with it
But fortunately it does have a two year warranty and the retailer is replacing it
for a new one.

My other similar Seagate drives are all doing well, has anyone else had many HD failures?

[soulistyce]

all burst block explorers are dead....what happen...
price really down, explorers down....
is this coin dead already

[haitch]

I've just had my first burst drive failure!

Sadly my Seagate Backup Plus 8Tb just died after 4 month mining with it
But fortunately it does have a two year warranty and the retailer is replacing it
for a new one.

My other similar Seagate drives are all doing well, has anyone else had many HD failures?

I have about 30 drives mining - lost one Seagate 3TB, and they have a really bad reputation.

[haitch]

all burst block explorers are dead....what happen...
price really down, explorers down....
is this coin dead already

burstcoin.eu was shut down courtesy of a malicious user here, burstcoin.info is temporarily down - see Tiga's message above.

H.

[crowetic]

I thought everyone would be interested to see this, another user issuing a pretty interesting asset, and since no one uses burstforum for some reason... I figured I would post it here in this monstrous ridiculous thread. lol...

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/#post-5920

[okae]

I thought everyone would be interested to see this, another user issuing a pretty interesting asset, and since no one uses burstforum for some reason... I figured I would post it here in this monstrous ridiculous thread. lol...

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/#post-5920

wow i didnt notice that, ty for the info @crowetic, also i agree with you, we should use the burstforum more (including myselft) or maybe dev can start a new thread here and selft/moderated, what do you think?

not everything are bad news in last days in burst world

[go6ooo1212]

I thought everyone would be interested to see this, another user issuing a pretty interesting asset, and since no one uses burstforum for some reason... I figured I would post it here in this monstrous ridiculous thread. lol...

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/#post-5920

Awesome , I'm very exited on such implementation , will participate ASAP !

[crowetic]

all burst block explorers are dead....what happen...
price really down, explorers down....
is this coin dead already

Far from dead. Our block explorer is temporarily down for maintenance, and the other, like Haitch said, was maliciously attacked by a wonderful member of our own community. Nice, right?

Everyone should be VERY WARY of ELMIT.

But yea, the coin is far from dead, in fact, I'm in the process of setting up a new AT for some regular bonus payouts to ninja miners, and building a new pool for our lottery idea!

[Elmit]

But yea, the coin is far from dead, ...

... about 50 Satoshi far away!

Any PR to turn it around?

[BurstBurst]

Tks tips. Not buying this new 8tb even for home usage.

I've just had my first burst drive failure!

Sadly my Seagate Backup Plus 8Tb just died after 4 month mining with it
But fortunately it does have a two year warranty and the retailer is replacing it
for a new one.

My other similar Seagate drives are all doing well, has anyone else had many HD failures?

[Irontiga]

all burst block explorers are dead....what happen...
price really down, explorers down....
is this coin dead already

burstcoin.eu was shut down courtesy of a malicious user here, burstcoin.info is temporarily down - see Tiga's message above.

H.

Really sorry about this guys.....I am gonna do some stuff....hopefully it starts working again soon lol ;P

[riskyfire]

I thought everyone would be interested to see this, another user issuing a pretty interesting asset, and since no one uses burstforum for some reason... I figured I would post it here in this monstrous ridiculous thread. lol...

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/#post-5920

I'm all for new burstcoin assets. However I personally do a lot of online affiliate marketing and it can be very hard,
I do well from it now and even make a fulltime income from it. But I've never had successful bitcoin affiliate campaign!

Sadly I doubt that this person (an unknown) could make a profit from the affiliate marketing of bitcoin related products or services.

Just my opinion of course.

[lootz]

http://burstcoin.info/ is down also
 

[notabeliever]

Okay trying to set Burst up and lost without a wallet i.e. altcoin type. I have my account id and passwords. Sometimes I log into http://localhost:8125/ and it works other times it say webpage not available. Is it because a site is down right now?