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

[duncan_idaho]

You have lost another miner

excellent, soon i will have 51%

REMEMBER.

1) Take a pills
2) Visit doctor

 
And your paranoia gone

[ltcnim]

a higher reward would just kill the coin faster since more coins would be dumped but not enough buyers are available.
I think the key is to stabilize first. get rid of all the drama, and focus on development. get a new dev who is first able
to implement all the stuff which is missing (reward assignment in a proper way integrated, marketplace etc.).

then you can think about new features.

Totally,  absolutely agree.

Check out wallet.burst.city, reward assignment is already integrated.

well, maybe it would be a good idea to clone the git repository, check in the changes and make a new release?
Not every release needs to have a killer feature. Sometimes it's ok, to just have a few tweaks and stuff.

But people just want active and steady development.

[SpeedDemon13]

The main reason I want to stick with Burst was the possibility to use data storage on the plots, the ideal of it and being able to mine still. I know Storj was once interested in doing something with Burst, but the dev seem not to follow up on it. Since Storj is in beta of their latest tech, would be nice to see Burst or some kind of PoC coin do a project with Siacoin before they explode.

[zakorus]

For some time  burst price  located at the bottom, What are the odds to return to 70 satoshi level?(I bought the that level)

[SpeedDemon13]

For some time  burst price  located at the bottom, What are the odds to return to 70 satoshi level?(I bought the that level)

Burst is truly at a crossroads in the next couple of weeks/months, that all depends on the community on how it should evolve to survive and grow.

I like your quote" I want more innovation! think b4 u dev a coin!" 90% of devs need to be like that....lol

[Elmit]

burst.ninja sems to stuck at block 141093, while other pools are at 141190

[Irontiga]

The main reason I want to stick with Burst was the possibility to use data storage on the plots, the ideal of it. I know Storj was once interested in doing something with Burst, but the dev seem not to follow up on it. Since Storj is in beta of their latest tech, would be nice to see Burst or some kind of PoC coin do a project with Siacoin before they explode.

@taek feels that poc is flawed. I have looked and looked and talked to people....and nope, can't figure out the flaws he refers to   He is quite skeptical at our netsize as well....seems to think that the netsize can't possibly be 8pb....well, we all know it's legit. I think it's just that we have way more than Sia does

As far as a small wallet release with a few nice fixes, well, not a bad idea, i did clone the repo, and may do a few changes in the wallet and make a release. Will have to talk to a few people about it.

ATM I only have a few hours / week for Burst, and am not sure how to spend my time.

There are a few options for me...I'm not a great dev, so this is about what I'm capable of / interested in. It could all take absolutely ages!

• Rebuild the wallet with electron. This will allow us to have a wallet which can install any operating system, and can run standalone from the web. I will also make it way easier to modify, allowing devs to easily work with Burst. This would initially be a very simple release with little functionality. Hopefully I can collaborate with daWallet on this project and implement mining/plotting functionality.
  
• Work on a new website. I think this is well overdue. With the release I will also release the official wallet with some small mods (catbref’s wallet.burst.city mods and some of my own). The new site would be run on github pages, making it easy for anyone to edit the site, and would also have github powered docs, allowing us all to easily make and edit guides. For this to work I’ll need the community to get behind this.
  
• Build some web apps which use the blockchain for NXT, and then through this advertise Burst. This would be the option which would take the longest, and would be the most difficult, but may have some good payoffs  in perhaps nxt devs getting involved here.
  

At the moment I am planning on going with option 2, the new website, but would love to hear what the community wants me to do, and whether there are other things I should do.

[Elmit]

The main reason I want to stick with Burst was the possibility to use data storage on the plots, the ideal of it and being able to mine still. I know Storj was once interested in doing something with Burst, but the dev seem not to follow up on it. Since Storj is in beta of their latest tech, would be nice to see Burst or some kind of PoC coin do a project with Siacoin before they explode.

I don't think that this is necessary. Think more as hard disk mining a cheaper machine. To degrade it to a toy would not benefit at all.

[ticote]

I´ve been here, with BURST comunity from the early september 14. I write infrequently  because I´m spanish and  I´ve a very bad english, but I read the BURST treath every week. I´ve been mining BURST with some Tb from then and I buy some others BURST. Nowadays I own about 4 million BURST, but I spend much more than the actual value.

I´ve just read Crowetic document and I DON´T agree in some of the questions.

i) I can´t understand the reason to change the reward schema. I, like many others, think that if the BURST provided is unlimited, BURST will have in a not very long term a zero value.

ii)I´ll, also, not change the reward scheme for creating a donation fund, it would be created for the pool administrators and major solo miners, giving the 5% or 10% to that fund for each block found.

iii) and the most important, I DO NOT AGREE that the person who has been blackmailing us over the last six months and is the main cause of the lower price of the BURST, will become the maindev. He has not shown at any time has the capabilities to perform the job.

BUSRT wallet and BURST blockchain has no problems to be cahnged, the maindev must be someone with high capacities in Smart Contracts (AT) that is the great diference of this coin with all the other ones. We need to improve AT´s and generate enthusiasm in people to use this currency, because BURST it´s one of the most disruptive and high-tech coins and those are our most valuable asset.

I give my vote for maindev to vbcs, helped for someone with java and/or NTX skill.

That´s my opinon

[duncan_idaho]

I´ve been here, with BURST comunity from the early september 14. I write infrequently  because I´m spanish and  I´ve a very bad english, but I read the BURST treath every week. I´ve been mining BURST with some Tb from then and I buy some others BURST. Nowadays I own about 4 million BURST, but I spend much more than the actual value.

I´ve just read Crowetic document and I DON´T agree in some of the questions.

i) I can´t understand the reason to change the reward schema. I, like many others, think that if the BURST provided is unlimited, BURST will have in a not very long term a zero value.

ii)I´ll, also, not change the reward scheme for creating a donation fund, it would be created for the pool administrators and major solo miners, giving the 5% or 10% to that fund for each block found.

iii) and the most important, I DO NOT AGREE that the person who has been blackmailing us over the last six months and is the main cause of the lower price of the BURST, will become the maindev. He has not shown at any time has the capabilities to perform the job.

BUSRT wallet and BURST blockchain has no problems to be cahnged, the maindev must be someone with high capacities in Smart Contracts (AT) that is the great diference of this coin with all the other ones. We need to improve AT´s and generate enthusiasm in people to use this currency, because BURST it´s one of the most disruptive and high-tech coins and those are our most valuable asset.

I give my vote for maindev to vbcs, helped for someone with java and/or NTX skill.

That´s my opinon

I agree 100%

I spoke with vbcs by PM but unfortunatelly he is not able to fully work on burst.

I continue to mining burst on dev v2 pool. In near future i will buy more storage to secure blokchain and "borrow" some space from IT department where i work.

[kingelk]

I´ve been here, with BURST comunity from the early september 14. I write infrequently  because I´m spanish and  I´ve a very bad english, but I read the BURST treath every week. I´ve been mining BURST with some Tb from then and I buy some others BURST. Nowadays I own about 4 million BURST, but I spend much more than the actual value.

I´ve just read Crowetic document and I DON´T agree in some of the questions.

i) I can´t understand the reason to change the reward schema. I, like many others, think that if the BURST provided is unlimited, BURST will have in a not very long term a zero value.

ii)I´ll, also, not change the reward scheme for creating a donation fund, it would be created for the pool administrators and major solo miners, giving the 5% or 10% to that fund for each block found.

iii) and the most important, I DO NOT AGREE that the person who has been blackmailing us over the last six months and is the main cause of the lower price of the BURST, will become the maindev. He has not shown at any time has the capabilities to perform the job.

BUSRT wallet and BURST blockchain has no problems to be cahnged, the maindev must be someone with high capacities in Smart Contracts (AT) that is the great diference of this coin with all the other ones. We need to improve AT´s and generate enthusiasm in people to use this currency, because BURST it´s one of the most disruptive and high-tech coins and those are our most valuable asset.

I give my vote for maindev to vbcs, helped for someone with java and/or NTX skill.

That´s my opinon

I agree 100%

I spoke with vbcs by PM but unfortunatelly he is not able to fully work on burst.

So this coin offically dead?

[duncan_idaho]

No it's not dead but stuck in development. Need some time to regroup. Vbcs will still be maintaining the AT part of BURST.

[Irontiga]

I´ve been here, with BURST comunity from the early september 14. I write infrequently  because I´m spanish and  I´ve a very bad english, but I read the BURST treath every week. I´ve been mining BURST with some Tb from then and I buy some others BURST. Nowadays I own about 4 million BURST, but I spend much more than the actual value.

I´ve just read Crowetic document and I DON´T agree in some of the questions.

i) I can´t understand the reason to change the reward schema. I, like many others, think that if the BURST provided is unlimited, BURST will have in a not very long term a zero value.

ii)I´ll, also, not change the reward scheme for creating a donation fund, it would be created for the pool administrators and major solo miners, giving the 5% or 10% to that fund for each block found.

iii) and the most important, I DO NOT AGREE that the person who has been blackmailing us over the last six months and is the main cause of the lower price of the BURST, will become the maindev. He has not shown at any time has the capabilities to perform the job.

BUSRT wallet and BURST blockchain has no problems to be cahnged, the maindev must be someone with high capacities in Smart Contracts (AT) that is the great diference of this coin with all the other ones. We need to improve AT´s and generate enthusiasm in people to use this currency, because BURST it´s one of the most disruptive and high-tech coins and those are our most valuable asset.

I give my vote for maindev to vbcs, helped for someone with java and/or NTX skill.

That´s my opinon

I agree 100%

I spoke with vbcs by PM but unfortunatelly he is not able to fully work on burst.

Same, only thing is I am not against unlimited supply, I am for freezing block reward and always having it the same. This is unlimited but predictable, and as time goes on the inflation percentage would decrease. This would solve the issue of major miners at the start holding all the coins, but not make the reward increase so that the price drops.

Why doesn't someone make a thread over on https://burstforum.com and make a poll to see who agrees with what? Or maybe we should make an AT for a poll, will look into it in a few days, heading off and am gonna be busy for a bit now

[pinballdude]

Somebody created a lot ( 1000+ ) of wallets recently.

Is some new product or service in the making?

[pinballdude]

Same, only thing is I am not against unlimited supply, I am for freezing block reward and always having it the same. This is unlimited but predictable, and as time goes on the inflation percentage would decrease. This would solve the issue of major miners at the start holding all the coins, but not make the reward increase so that the price drops.

Why doesn't someone make a thread over on https://burstforum.com and make a poll to see who agrees with what? Or maybe we should make an AT for a poll, will look into it in a few days, heading off and am gonna be busy for a bit now

I think we should stick to the original miner reward scheme, and see how it plays out.  If we ever need to change something, we might want to adjust the minimum amount you need to pay to do a transaction. That will not affect the inflation dynamics, only make it a bit more expensive to move burst around.

Sometime in the distant future, the block rewards will go away or get so small they are lower than fees.

You could for instance set the fee to 1 BURST or 0.01% of the amount of money transferred, whichever is largest.  Then miners will get at least 0.01% of the total transaction volume in the network as payment for their services.

We should also do some work towards having more transactions in a block. At some point, hopefully, burst will be so popular that we max out the number of transactions we can do every 4 minutes. Same problem that bitcoin has, but not likely to be a problem for us, for some time. However, we better keep the capacity a lot higher than the current need at all times, so we have time to figure the best way to do such a change.

[pinballdude]

Btw. thanks to bitladen for talking down the price this much. I have been buying a little at 26 sat, now all my BTC ( not that much ) has been converted to BURST, i have 4.4 mln burst.  Network size seems to come up again , difficulty is right now 1732900 and not long ago it was sometimes above 3 million, so we almost doubled from the bottom.  As long as a lot of the mined BURST is sold for BTC as soon as it is mined, we have some selling pressure on BURST, but as the reward go down, the selling pressure will too Big miners will simply have fewer BURST to sell. Historically, many BURST miners kept their coins bc they believe in a future at higher prices. I will keep mine too, as long as i find BURST offering something that most other alts do not.

[bobafett]

Btw. thanks to bitladen for talking down the price this much. I have been buying a little at 26 sat, now all my BTC ( not that much ) has been converted to BURST, i have 4.4 mln burst.  Network size seems to come up again , difficulty is right now 1732900 and not long ago it was sometimes above 3 million, so we almost doubled from the bottom.  As long as a lot of the mined BURST is sold for BTC as soon as it is mined, we have some selling pressure on BURST, but as the reward go down, the selling pressure will too Big miners will simply have fewer BURST to sell. Historically, many BURST miners kept their coins bc they believe in a future at higher prices. I will keep mine too, as long as i find BURST offering something that most other alts do not.

get rich or die trying. 

[BurstIncomeAsset]

Lucky that the INCOME funds are kept in BTC, because BURST just lost half of it's value, but the fund is still intact and not that it haven't lost a single %, but it is actually gaining ~0.11% daily in value

I think anybody that wants to buy BURST should buy now, this exceptional low price is unique and wont be repeated for long, so all traders should really start buying.

Buy BURST & BURST assets, and everything will be fine! 

[Elmit]

I think we should stick to the original miner reward scheme, and see how it plays out.  If we ever need to change something, we might want to adjust the minimum amount you need to pay to do a transaction. That will not affect the inflation dynamics, only make it a bit more expensive to move burst around.

Sometime in the distant future, the block rewards will go away or get so small they are lower than fees.

You could for instance set the fee to 1 BURST or 0.01% of the amount of money transferred, whichever is largest.  Then miners will get at least 0.01% of the total transaction volume in the network as payment for their services.

Isn't that again the philosophy: DONT USE THE COIN?

Better find products and services that MOVES COINS and so increases the miners reward!!!

[Cobra]

The main reason I want to stick with Burst was the possibility to use data storage on the plots, the ideal of it and being able to mine still. I know Storj was once interested in doing something with Burst, but the dev seem not to follow up on it. Since Storj is in beta of their latest tech, would be nice to see Burst or some kind of PoC coin do a project with Siacoin before they explode.

I don't think that this is necessary. Think more as hard disk mining a cheaper machine. To degrade it to a toy would not benefit at all.

I agree with SpeedDemon13, without some type of change to compete/integrate with these other solutions SIA, Storj, maidsafe there is no way anyone will be dedicating hard drive space to Burst versus these other solutions. The reason is that these other solutions will have an ecosystem behind them, I fail to see Burst being able to compete on the same level.  I removed all Burst plots to participate in the Storj testing and rewarded with sjcx. Burst is really stuck by the fact there is not a way to utilize the used space but it would be nice to see if something was possible with Storj as Burst does have some features that could benefit that platform.

Degrade it to a toy? A decentralized way to store files is a "toy"? versus centralized dropbox. Hard disk mining is very energy efficient compared to ASIC/BTC mining but there is still waste. Now instead of wasting energy you waste drive space. It serves no purpose other than to obtain worthless coins. The question is what would make people WANT to use Burst instead of up and coming solutions.

If the mining reward was increased does it sound logical to go buy a cup of coffee with Burst and merchant says "that will be 50,000 Burst". If general use of Burst is suppose to be an alternative to BTC it still does not seem realistic.