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

[Blago]

I have sent you 1000 BURSTs to start with.

Add a name to your account.

In case you have not decided which pool to use, try http://BURST.MiningHere.com
View details under Mining and follow instructions.
Set the reward recipient to 10681581906896806002

Good luck!

Mine at any pool OTHER than mininghere.com. Elmit will just steal your hard earned Burst ....

H.

That's the way other pools promote their pool ;-)
Headach, how much does your boss pay you for that? LOL

[crowetic]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

[Elmit]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

[Elmit]

http://faucet.burstcoin.info/  got dried out.

Within an hour or so the balance from 8 053 became 0.

[tonycamp]

im gonna try 2 or 3 pools with my 5Tb and see how nay of this BURSTcoins can get per day

[atomy1world]

Thanks! I got them, but the balance still shows 0.

You need to wait for confirmations, then the balance goes up and you can use your BURSTs.

Ahh, thanks! I got it now!

[haitch]

Is still profitable mining burst? What quantity of TB now makes sensed starting a mining operation?

Not if ur buying hdd's to mine burst. Mining with free space that you just sort of have lying around, YES!!! Any amount of tb is fine on a pool.

0.54807 PetaByte asset is still cheap expensively available. Get it before the price lined up takes effect.

PetaByte is a mining asset. 1 PetaByte asset is equal to a mining power of 1 TB 300GB hard disk.

UNIQUE to all other assets is, that it is not important how long you owned the asset, but when you owned you get paid according to your asset shares. And I get paid twice what you do.
We all know that you cannot buy 0.03 TB hard disks, but you can buy 0.03 PetaByte assets, that is equal to a hard disk of 0.03 TB. 10GB

Fixed that for you.

H.

[crowetic]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

Only things that are impossible are the ones that aren't done yet.

So how low do you think it should get before things become needed?

IMO it has nothing to do with current price. Or not much anyway. It's about sustainable futures. Keeping miners with the vast amount of other alts.

Bitcoin'a model only worked because it was the first coin. In the days of thousands of alts, there needs to be a change in structure for sustainability long term, unless growth suddenly starts climbing by a whole lot, will the current 5% per month decrease be sustainable?

I'm just looking for discussion here, nothing more.

[Elmit]

Is still profitable mining burst? What quantity of TB now makes sensed starting a mining operation?

Not if ur buying hdd's to mine burst. Mining with free space that you just sort of have lying around, YES!!! Any amount of tb is fine on a pool.

0.54807 PetaByte asset is still cheap expensively available. Get it before the price lined up takes effect.

PetaByte is a mining asset. 1 PetaByte asset is equal to a mining power of 1 TB 300GB hard disk.

UNIQUE to all other assets is, that it is not important how long you owned the asset, but when you owned you get paid according to your asset shares. And I get paid twice what you do.
We all know that you cannot buy 0.03 TB hard disks, but you can buy 0.03 PetaByte assets, that is equal to a hard disk of 0.03 TB. 10GB

Fixed that for you.

H.

1984 methods, changing originals!???

I fixed the price of the asset to 450,000 - The low value of Bursts required that.

[Elmit]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

Only things that are impossible are the ones that aren't done yet.

So how low do you think it should get before things become needed?

IMO it has nothing to do with current price. Or not much anyway. It's about sustainable futures. Keeping miners with the vast amount of other alts.

Bitcoin'a model only worked because it was the first coin. In the days of thousands of alts, there needs to be a change in structure for sustainability long term, unless growth suddenly starts climbing by a whole lot, will the current 5% per month decrease be sustainable?

I'm just looking for discussion here, nothing more.

I disagree!
Because things have not been done yet, does by far not mean it is impossible!!! In the best case there are excuses why it is not done yet!

If the price goes lower, the coin does not HAVE a future. I urged now several pages to do something, from marketing to development. Within these talks the price gone down from 45 to 36. Do you want to lose all what you build up? The network size gone down also (currently 6 PB), means miners run away, because they think there is no future?

[Elmit]

On Bittrex is a total buy order of 1.5 BTC, while a total sales order of 1107.5 BTC are booked.

[crowetic]

You really don't understand English well, do you?

You replied in ways that didn't make any sense at all based on what I said, FYI.

[brizio71]

Hi,

I'm plotting some new files using wplotgenerator during the creation the computer crashed and I get just the 60% of the plot, can I resize this plot in order to use it or I have to delete it and generate a new one ?

Thanks

The plot is probably fine. You can create a new one the size of 40% of your original, or you can just start the plotting again, it should pick up where it left off.

Is it possible calculate the amount of nonces of the created plot and rename it basing this value ?

[crowetic]

Hi,

I'm plotting some new files using wplotgenerator during the creation the computer crashed and I get just the 60% of the plot, can I resize this plot in order to use it or I have to delete it and generate a new one ?

Thanks

The plot is probably fine. You can create a new one the size of 40% of your original, or you can just start the plotting again, it should pick up where it left off.

Is it possible calculate the amount of nonces of the created plot and rename it basing this value ?

Yes, you can rename it or use a miner that doesn't care about perfect size to name.

[callmejack]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

Only things that are impossible are the ones that aren't done yet.

So how low do you think it should get before things become needed?

IMO it has nothing to do with current price. Or not much anyway. It's about sustainable futures. Keeping miners with the vast amount of other alts.

Bitcoin'a model only worked because it was the first coin. In the days of thousands of alts, there needs to be a change in structure for sustainability long term, unless growth suddenly starts climbing by a whole lot, will the current 5% per month decrease be sustainable?

I'm just looking for discussion here, nothing more.

I disagree!
Because things have not been done yet, does by far not mean it is impossible!!! In the best case there are excuses why it is not done yet!

If the price goes lower, the coin does not HAVE a future. I urged now several pages to do something, from marketing to development. Within these talks the price gone down from 45 to 36. Do you want to lose all what you build up? The network size gone down also (currently 6 PB), means miners run away, because they think there is no future?

i dont care about exchange prices.
the coin has set their reward structure over a year ago and i am fine with it.
in fact almost all assets are currently at a point in which making profit in burst is really tough.
all investors knew the risk as they have bought the assets.

i care more about missing services you only buy with burst.
since there are so many alts around and almost none of it offers interesting services to the masses what about picking up my idea for ssl certificates i described earlier.
could someone with deep knowledge about ssl certs take a look into this and say wether this is possible or not?
if it may work this may become something really huge for people outside the crypto scene.

[Merick]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

Only things that are impossible are the ones that aren't done yet.

So how low do you think it should get before things become needed?

IMO it has nothing to do with current price. Or not much anyway. It's about sustainable futures. Keeping miners with the vast amount of other alts.

Bitcoin'a model only worked because it was the first coin. In the days of thousands of alts, there needs to be a change in structure for sustainability long term, unless growth suddenly starts climbing by a whole lot, will the current 5% per month decrease be sustainable?

I'm just looking for discussion here, nothing more.

I disagree!
Because things have not been done yet, does by far not mean it is impossible!!! In the best case there are excuses why it is not done yet!

If the price goes lower, the coin does not HAVE a future. I urged now several pages to do something, from marketing to development. Within these talks the price gone down from 45 to 36. Do you want to lose all what you build up? The network size gone down also (currently 6 PB), means miners run away, because they think there is no future?

I really do not see where miners are going to run off to.  A little bit of math and common sense will show that any type of Scrypt or SHA POW mining  will cost significantly more in equipment and power consumption when compared to mining BURST.  I don't see any other block chain tech that is as robust or power efficient as BURST is. Maybe this goes out the window if someone has "free" power but I don't think that is the majority of crypto miners.

I understand that people have already invested in POW equipment but I would hope that eventually that equipment will be replaced with much more energy efficient and commonly available hard drives.

*note to self*... must make pretty eye candy to show the power consumption benefits.

[haitch]

Hi,

I'm plotting some new files using wplotgenerator during the creation the computer crashed and I get just the 60% of the plot, can I resize this plot in order to use it or I have to delete it and generate a new one ?

Thanks

The plot is probably fine. You can create a new one the size of 40% of your original, or you can just start the plotting again, it should pick up where it left off.

Is it possible calculate the amount of nonces of the created plot and rename it basing this value ?

Yes, the number of nonces is the filesize / 262,144 bytes. So you can calc it, and rename the file appropriately, or as Crow said, don't worry about it and just use a miner that doesn't care.

H.

[bitladen]

I must apologize, for making no posts for such a long time.
I know y'all missed me, but I've been busy with other projects. Sorry!

Now I'm back! And I can see that you guys decided to let me have 51% after all.
You see, mining costs are greater than the returns, so miners will keep quitting, as price keeps dropping.

Oh, and I'm thinking of adding another PB to my pool, just to be on the safe side.

[SpeedDemon13]

I must apologize, for making no posts for such a long time.
I know y'all missed me, but I've been busy with other projects. Sorry!

Now I'm back! And I can see that you guys decided to let me have 51% after all.
You see, mining costs are greater than the returns, so miners will keep quitting, as price keeps dropping.

Oh, and I'm thinking of adding another PB to my pool, just to be on the safe side.

How are you affording PB's worth of data space? Do you get a good deal on HDD's or are you using your job's /business servers?

Right now, it's isn't cost effective to buy more hdd's to mine Burst. But depending on the future of Burst, it could be a great investment.

I personally stopped mining Burst, as it was't very profitable (have to be able to break even with electricity at least) with only 25TB of data space to mine with. The cost of electricity was kind of even that it's better just to outright buy Burst instead of mining it. I've switch to gpu mining Ethereum or Shiftcoin, more profitable at the moment.

[bobafett]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

there must be a change, but the first one should be, that another dev takes over.

Binladen talked so often that "his team" could takeover. until now, nothing happens.

and as far that binladen is not willing to share
a) his optimizer miner code
b) his way he found to mine with cloud and so much pb

he will be the only one that will profit from a proportional reward.

i´m not against this change, but atm binladen has a big advantage because of this knowledge and will increase this advantage with this change.

perhaps a white pager from him, how he do this, will help to bring orther big investors and new infrastructure services for cloud mining up.

but until he keep this knowledge for his own, i dont see any advantage of this change. but if he do, then i think this could be the turnaround.

Dev disapeared, so this change and a fork could be easy done, of bin releases this new version and the whitepaper.

So bin, tell us, why this all is wrong and that share your secrets will change nothing, exept loosing your advantage :-)