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

[Elmit]

competition is good for business and risk diversification is highly recommend

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

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

2% interest montly! This asset pays out 2% interest 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 interest 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 interests 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 interest 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 [Suspicious link removed].  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.


Scheduled next payment:
01.08.2015 2% per asset

Recent interest payments:
01.07.2015 2% per asset
01.06.2015 2% per asset
01.05.2015 2% per asset
01.04.2015 2% per asset

Also look at my new Asset, atm ca. 1% Intrest per Month and growing: https://bitcointalk.org/index.php?topic=731923.msg11495348#msg11495348

You will get in serious legal trouble as you as a german citizen have no licence for acting as issuer. i wont let you run with my BURST. as i am also german i will take action in the upcoming days, except you will place a buy order as stated in your quoted post above asap.

I don't understand your problem. Maybe you do not understand the functions of the asset.
He offers to buy back the assets with an DECREES of 1% for each month.
He cannot do that in the trading page, otherwise he would buy back ANYONES asset. It can therefore only be done with asset transfer. You got to contact bobafett via PM to get this done.

I also do not see any legal troubles, since he is not a BANK in the normal sense. He issues BURST assets, not BANK notes!

[Irontiga]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

[lorylore]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

I was just starting to start mining with my hdd (500gb free) dont know about the profit but thanks for letting me know this. For the rest i will keep watching this topic.

[romdu]

elmit, if you are selling financial products in germany you need to fullfill the requirements for example of § 34f / § 34g. this has nothing to do with being a bank.

Mr Marco Feindler stated in his sales document:

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.

there was no adapted buy order in august. please take a look at the asset orderbook...that is classic scam in my opinion.

[callmejack]

This project isn't about becoming rich in a year. This project is about the FUTURE. The future of mining, the future of blockchain tech, the future of crypto in general, and if you don't believe that, and/or don't give a shit, then go mine a pnd coin or buy a scam coin IPO, wait for the initial pump, sell off with hope that you profit, and rinse repeat.

I would not say Burst is the future of mining. Unless something is done to adapt Burst to utilize the hard drive space for something I doubt Burst will be able to compete with other up and coming storage based solutions. I can't remember who it was that was also on the same page and commented about that with this idea.  In my opinion it would be something I would donate toward if it was possible or a plan put in motion for that. I have mined Burst for most of the last year as well and have recently stopped. The all-in-one wallet/mining/plotting solution is a great step forward but just not enough to make a big enough difference where people are coming in.

Besides the assets and a dice/horse racing game, how many other things can you spend Burst on?? What good is having it if you cannot spend it? That is part of the problem.

Think you got something wrong, BURST uses the drive space for precalculated hashes, there is no way to use it for other data.
BURST is the ONLY coin using drive space for mining, other solutions / coins rewad you for sharing space / bandwidth ... thats something completely different.

The person that came up with the idea previously (can't remember the forum user) thought that in addition to storing the hashes that people could set aside additional storage space and be paid in Burst for using that space.  So the trade off with Burst seems to be..... save energy, waste space. The point is that the hard drive space will become a commodity in these other solutions and thriving ecosystems will be based around them. What will make someone decide that using that space for Burst is a better decision......for what? It has been a year and there are only a few gambling solutions that accept it, and no merchants. Even though the all in one wallet is much easier, what makes a person WANT Burst?

I am not trying to troll. I have been a Burst user from the very beginning and have enjoyed learning the system but I am just being real here. It is on the edge of dying because of the lack of core Dev updates to the wallet or any type of communication that shows there is a future for this.  Crowetic and Luxe along with others have done a ton for Burst to keep pushing it forward but that only goes so far being community members and not driving ongoing development.

wasted hdd space is in my opinion anything you keep without accessing it anymore.
since poc mining shifts the running costs towards zero by having the plots in live access makes burst evolve really slowly simply because there is no big money involved in securing the network.
having this in mind we require to design a service which utilizes exactly this.

how about integrating some sort of ssl authority into burst?
if we start to think about mass adoption it may be the best to provide something which makes only sense in a huge secured network which has almost no running costs.

technically it should be possible with todays core to simply store in the blockchain the certificates as message or newly introduced tx types. simple gateways on rented servers act as authorities for regular users while advanced users run the wallet which provides their own authority service.

i am not sure if browser plugins are required to archive this or if it works in a more flexible server based way.

[Elmit]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

Nobody gets paid for their extra effort.
We all believe that the concept of BURST is great, has potential features and CAN be marketed! What happened in the past is already history. Look into the future. If you stare at the ground, all what you will eventually find is dog shit. Look straight to the future!
The mentioned web sites are not that bad, I like burstcoin.info more than the other.

Unlike most of us, you DO know the devs with an "s", while crowtec always speaks from "him". One guy is sure overworked to develop something new. However, at the moment we are not looking for new things, we just want to complete existing things, and that should be just minutes (hours) away. The windows wallet is more complete than the original one, so it can be done in a short time.

The missing whitepaper is sure an obstacle to pull in new developers.

Could you start with just a few paragraphs what the white paper should look like in an google document and each of us, adds something to it. I am sure, some of us do understand more of the coin and could so contribute to the white paper.
In this way, even it is wrong, others will correct it and within a reasonable time we will have the whitepaper also done.

[Elmit]

elmit, if you are selling financial products in germany you need to fullfill the requirements for example of § 34f / § 34g. this has nothing to do with being a bank.

Mr Marco Feindler stated in his sales document:

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.

there was no adapted buy order in august. please take a look at the asset orderbook...that is classic scam in my opinion.

Contact him directly, and I am sure he will explain it to you how it works. Transfer asset, get BURST, whatever you decide first. You can also use ESCROW for that.

In my opinion BURST is NOT a financial product, nor is BITCOIN, nor is a "Picasso".

[crowetic]

This project isn't about becoming rich in a year. This project is about the FUTURE. The future of mining, the future of blockchain tech, the future of crypto in general, and if you don't believe that, and/or don't give a shit, then go mine a pnd coin or buy a scam coin IPO, wait for the initial pump, sell off with hope that you profit, and rinse repeat.

I would not say Burst is the future of mining. Unless something is done to adapt Burst to utilize the hard drive space for something I doubt Burst will be able to compete with other up and coming storage based solutions. I can't remember who it was that was also on the same page and commented about that with this idea.  In my opinion it would be something I would donate toward if it was possible or a plan put in motion for that. I have mined Burst for most of the last year as well and have recently stopped. The all-in-one wallet/mining/plotting solution is a great step forward but just not enough to make a big enough difference where people are coming in.

Besides the assets and a dice/horse racing game, how many other things can you spend Burst on?? What good is having it if you cannot spend it? That is part of the problem.

Think you got something wrong, BURST uses the drive space for precalculated hashes, there is no way to use it for other data.
BURST is the ONLY coin using drive space for mining, other solutions / coins rewad you for sharing space / bandwidth ... thats something completely different.

The person that came up with the idea previously (can't remember the forum user) thought that in addition to storing the hashes that people could set aside additional storage space and be paid in Burst for using that space.  So the trade off with Burst seems to be..... save energy, waste space. The point is that the hard drive space will become a commodity in these other solutions and thriving ecosystems will be based around them. What will make someone decide that using that space for Burst is a better decision......for what? It has been a year and there are only a few gambling solutions that accept it, and no merchants. Even though the all in one wallet is much easier, what makes a person WANT Burst?

I am not trying to troll. I have been a Burst user from the very beginning and have enjoyed learning the system but I am just being real here. It is on the edge of dying because of the lack of core Dev updates to the wallet or any type of communication that shows there is a future for this.  Crowetic and Luxe along with others have done a ton for Burst to keep pushing it forward but that only goes so far being community members and not driving ongoing development.

One way or another there WILL be core updates. Either the dev will come back, or another will be appointed. I have everything lined up just in case. It will not disappear, it will not die.

There are many platforms that can be built around BURST tech, that will allow for reasons to use the coin. I'm working on a few ideas. One of which would be a front end for the marketplace, making a decentralized eBay, dBay. heh. (that isn't necessarily what it will be called, but I think that is hilarious.)

There are many uses for Automated Transactions too, that can be built on top of BURST.

Everything will work out, things will continue, BURST will survive and thrive.

[crowetic]

elmit, if you are selling financial products in germany you need to fullfill the requirements for example of § 34f / § 34g. this has nothing to do with being a bank.

Mr Marco Feindler stated in his sales document:

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.

there was no adapted buy order in august. please take a look at the asset orderbook...that is classic scam in my opinion.

I called him out myself, honestly I never trusted or liked the guy very much. Nonetheless I supported his project, now it seems he is thieving from everyone. Very upsetting and yet another scar on BURST.

Honestly it is quite ridiculous. I say go after him if you can, if you're in the same country. He has yet to respond to my call out.

[daWallet]

"The provided video of the new windows wallet is just pure advertisement for one pool. I cannot promote it! I have to make my own ads (video)." - Elmit

Well, I released the Windows client with one pool because we needed a working all-in-one solution as fast as possible - for everyone! Crowetic tested, helped me and made a video for it so I decided for his pool.

It seems you never used my software because there is a clear message for pool owners:



And actually one (!) guy contacted me and send me the configs for the italian pool and it will be included in the next release. To that point I had no experience with uray's pool code so it was necessary. Elmit, you could help beta-testing (pm).

About the whitepaper:
It will be done, even if I have to write it myself. But that would take months...
I don't understand irontiga's vague words about flaws. There is no 'inside' information he is referring to. The code is available on gitihub - open source. The work of burstdev speaks for itself.

About the tech and usage of Burst:
As I mentioned weeks ago there is no reason to implement some kind of cloud functionality. Burst IS the shadow price /opportunity costs of free space lying around unused. What we don't have yet is a working market.

At the moment Burst is almost 600 times more efficient per transaction (at 5% network capacity) than Bitcoin (at 70% network capacity). If you see the same potential and you want to be part of it, you can contact me.

"You can't climb the ladder of success with your hands in your pockets" - A. S.

[riskyfire]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

All your efforts are apperciated. I'm sure they'll often go un-noticed by many but
I really apperciate all that you've added to this coin and the community as a whole.

A few other guys here are also great and all lots of value to this coin!

We've just got to push through these rough times together.

[crowetic]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

All your efforts are apperciated. I'm sure they'll often go un-noticed by many but
I really apperciate all that you've added to this coin and the community as a whole.

A few other guys here are also great and all lots of value to this coin!

We've just got to push through these rough times together.

I would still like a clear explanation of exactly what it is you think is flawed in PoC.

To my knowledge it has been tested to see if it can be exploited, and every attempt has either failed, or been completely pointless... such as trying to mine on GPU. It would be completely pointless to try because a great GPU would only equate to a very small amount of HDD space and thus be extremely ridiculous in power consumption VS HDD...

But yea, I don't know exactly what you're worried about with this flaw theory.

I think you should stick around because this is not the end, by far. Just because the few active devs we had have decided to move on, doesn't mean we can't get new ones, and in fact I'm already prepared if need-be.

I'm going to wait a while for the main dev to show up again before making any executive decisions, but it is entirely possible to re-boot the coin, new OP, new devs, and pick up where the other left off, if we need to.

People are acting like he has been gone forever, when in reality I spoke to him personally on the first of August. That's less than a month of actually not being around. Is this really enough time for people to lose their minds?

if PoC is flawed in some way, I would like to know what way you think that is, so it can be documented and fixed.

[yellowduck2]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

All your efforts are apperciated. I'm sure they'll often go un-noticed by many but
I really apperciate all that you've added to this coin and the community as a whole.

A few other guys here are also great and all lots of value to this coin!

We've just got to push through these rough times together.

I would still like a clear explanation of exactly what it is you think is flawed in PoC.

To my knowledge it has been tested to see if it can be exploited, and every attempt has either failed, or been completely pointless... such as trying to mine on GPU. It would be completely pointless to try because a great GPU would only equate to a very small amount of HDD space and thus be extremely ridiculous in power consumption VS HDD...

But yea, I don't know exactly what you're worried about with this flaw theory.

I think you should stick around because this is not the end, by far. Just because the few active devs we had have decided to move on, doesn't mean we can't get new ones, and in fact I'm already prepared if need-be.

I'm going to wait a while for the main dev to show up again before making any executive decisions, but it is entirely possible to re-boot the coin, new OP, new devs, and pick up where the other left off, if we need to.

People are acting like he has been gone forever, when in reality I spoke to him personally on the first of August. That's less than a month of actually not being around. Is this really enough time for people to lose their minds?

if PoC is flawed in some way, I would like to know what way you think that is, so it can be documented and fixed.

Good that we have passionate people like u in crypto. Hope we will celebrate 2nd year anniversary for Burst next year

[jwinterm]

So far, from all the devs i have spoken to, they all say burst is flawed. The core dev hasn't shown his face in a while, and devs have only left this coin. Why would I stick around? I have never been paid, and tbh i'm not much good anyway. It's a shame that burstcoin.biz doesn't has an asset explorer....but that's all i've managed to achieve. The burstcoin.info is about as crap as a site gets. I dunno guys, can you tell me why I should stick around without a whitepaper? I am not good enough to be able to review the algo.

All your efforts are apperciated. I'm sure they'll often go un-noticed by many but
I really apperciate all that you've added to this coin and the community as a whole.

A few other guys here are also great and all lots of value to this coin!

We've just got to push through these rough times together.

I would still like a clear explanation of exactly what it is you think is flawed in PoC.

To my knowledge it has been tested to see if it can be exploited, and every attempt has either failed, or been completely pointless... such as trying to mine on GPU. It would be completely pointless to try because a great GPU would only equate to a very small amount of HDD space and thus be extremely ridiculous in power consumption VS HDD...

But yea, I don't know exactly what you're worried about with this flaw theory.

I think you should stick around because this is not the end, by far. Just because the few active devs we had have decided to move on, doesn't mean we can't get new ones, and in fact I'm already prepared if need-be.

I'm going to wait a while for the main dev to show up again before making any executive decisions, but it is entirely possible to re-boot the coin, new OP, new devs, and pick up where the other left off, if we need to.

People are acting like he has been gone forever, when in reality I spoke to him personally on the first of August. That's less than a month of actually not being around. Is this really enough time for people to lose their minds?

if PoC is flawed in some way, I would like to know what way you think that is, so it can be documented and fixed.

Only criticism I remember seeing leveled at BURST:
https://www.reddit.com/r/ethereum/comments/2tukar/cryptocurrency_burst_makes_smart_contracts_a/co2fywm

[bobafett]

elmit, if you are selling financial products in germany you need to fullfill the requirements for example of § 34f / § 34g. this has nothing to do with being a bank.

Mr Marco Feindler stated in his sales document:

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.

there was no adapted buy order in august. please take a look at the asset orderbook...that is classic scam in my opinion.

I called him out myself, honestly I never trusted or liked the guy very much. Nonetheless I supported his project, now it seems he is thieving from everyone. Very upsetting and yet another scar on BURST.

Honestly it is quite ridiculous. I say go after him if you can, if you're in the same country. He has yet to respond to my call out.

Sorry Guys,
I was not online for the last weeks, because i was on a business trip and im back on monday.
Next payout will be again 2%. Eerybody who wants to cash out, pn me.

Regards
Boba

[bobafett]

I just placed a buy back order for 46.5 Burst for 5k assets. thats for small holders that wants to cashout without pn.

Big holders please use pn. i cant place a complete buy back order for all issues assets, because i would kill with such an order the asset trading, also i need this burst for daytrading to earn the interests that i have to payout.

if the 5k order was executed, i will place one again.

But keep in mind, the asset is still the most profitablest investment in the burstcoin world!

Regards
boba

[Elmit]

elmit, if you are selling financial products in germany you need to fullfill the requirements for example of § 34f / § 34g. this has nothing to do with being a bank.

Mr Marco Feindler stated in his sales document:

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.

there was no adapted buy order in august. please take a look at the asset orderbook...that is classic scam in my opinion.

I called him out myself, honestly I never trusted or liked the guy very much. Nonetheless I supported his project, now it seems he is thieving from everyone. Very upsetting and yet another scar on BURST.

Honestly it is quite ridiculous. I say go after him if you can, if you're in the same country. He has yet to respond to my call out.

Hear, hear, ...
I think Bobafett does a lots more than you think for Burst. He is not hiding his identity, makes ads in Germany for Burst out of his own pocket. He is not crying for  coins to be donated(, to be then later declared as stolen). His web site has an "Impressum" as the German law requires, with all details included. He said he will make a German web site, and he did it within reasonable time (days)!

As more I read of who you like and not like, I get the feeling, that the missing coins have another drain hole.

[Elmit]

I just placed a buy back order for 46.5 Burst for 5k assets. thats for small holders that wants to cashout without pn.

Big holders please use pn. i cant place a complete buy back order for all issues assets, because i would kill with such an order the asset trading, also i need this burst for daytrading to earn the interests that i have to payout.

if the 5k order was executed, i will place one again.

But keep in mind, the asset is still the most profitablest investment in the burstcoin world!

Regards
boba

I think it should be done with an asset transfer (maybe with Escrow, if they want), so that it does not influence the trades.

[duncan_idaho]

If our dev left this project maybe we could ask him about change dev? Maybe Horizon dev team could help us? HZ i also NXT clone, the distribution of HZ end in few weeks maybe they will be intrested?

[Elmit]

Congratulations: 400 registered miners at burst.ninja

Current time: 2015-08-28 09:09:03 UTC
Block: 136,544
Difficulty: 8,993

BURST.MiningHere.com
Pool balance: 64,989
Registered Miners: 280

burst.ninja
Pool balance: 21,529
Registered Miners: 400

burst.poolto.be
Pool balance: 4,242
Registered Miners: 254

cryptomining.farm
Pool balance: 83,292
Registered Miners: 1,860

DevPool v2
Pool balance: 586,062
Registered Miners: 551

mining.tompool.org
Pool balance: 1,370
Registered Miners: 56

pool.blago
Pool balance: 2
Registered Miners: 112

pool.burstcoin.de
Pool balance: 24,964
Registered Miners: 119

pool.burstcoin.it
Pool balance: 37
Registered Miners: 52