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

[pinballdude]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

[bitladen]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

[8-bit-Party]

hey bitladen
why don't you just go fuck yourself?
thanks

[wmikrut]

Wow... that was... uncalled for.

[bitladen]

hey bitladen
why don't you just go fuck yourself?
thanks

I don't want to.
But here's a better one for you. Why don't you buy some BURST?

[8-bit-Party]

oh wait
this is stupid blackmailer
actually no proof he can do anything
there's only one message community should send to him
it's: "fuck you"

[BurstIncomeAsset]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Well my asset can protect you fully against BURST inflation.

With current daily ROI average (estimate) of 0.1844%, we make 5.6825% growth monthly. Now the daily ROI average is only an estimate based on last week's data, so to be pinpoint precise we probably need 1-2 weeks more worth of data.

And this ROI will stay constant until SatoshiDice has players, which is gaining more are more users and more importantly more profits every day, with some small dips once in a while.

https://www.satoshidice.com/

And if the BURST inflation decreases ,then it will be even more net profit later on.

[ANN] Income Asset - Decentralized Referral Empire based Income

[pinballdude]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

i don't think you can multiply by BTC inflation. If BTC for instance had an immediate inflation of 1000% for some reason (bitladen succedding in 51% attack on BTC and changing parameters)  then what would happen, would be that burst price would hold steady against euro, usd , gold etc, but would rise a lot against BTC.  So the BTC inflation does not affect BURST, if BTC went apeshit crazy, we would just exchange burst for other things like usd, eur, gold, litecoin, nxt, whatever ;-)


If US government declares cryptocoins illegal i'll laugh at the stupid statist socialist americans that keep voting populist crony capitalist idiots into power.

I'm not american, i was considering moving over in the 80s, but by now it is way to centralized and statist and socialist for my taste. the us taxes its citizens worldwide, you can't even leave the country and be left alone.

[wmikrut]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

i don't think you can multiply by BTC inflation. If BTC for instance had an immediate inflation of 1000% for some reason (bitladen succedding in 51% attack on BTC and changing parameters)  then what would happen, would be that burst price would hold steady against euro, usd , gold etc, but would rise a lot against BTC.  So the BTC inflation does not affect BURST, if BTC went apeshit crazy, we would just exchange burst for other things like usd, eur, gold, litecoin, nxt, whatever ;-)


If US government declares cryptocoins illegal i'll laugh at the stupid statist socialist americans that keep voting populist crony capitalist idiots into power.

I'm not american, i was considering moving over in the 80s, but by now it is way to centralized and statist and socialist for my taste. the us taxes its citizens worldwide, you can't even leave the country and be left alone.

Nope.  They even tax you on income made while you're out of the country.
Which I don't understand.

[yeponlyone]

This damn thread... Gone for a day and there are four pages to read (even without Elmit )


@bitladen, so you are gonna clone BURST...? Finally

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.


Btw:

Why be afraid of a clone or new coin-fork with some tweaks and other features? Since when has competition been bad?


Evolution, baby  

Edit, perhaps make a pre-ANN were you describe your planned changes and get some feedback..? Perhaps even some new ideas and improvements can be the result. One other reason for doing that is that this is the BURST thread, not a clone-BURST thread

[bitladen]

This damn thread... Gone for a day and there are four pages to read (even without Elmit )


@bitladen, so you are gonna clone BURST...? Finally

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.

What part of open source didn't you get?
Besides, I hope luxe will review the code. He seemed interested in the idea.

[yeponlyone]

This damn thread... Gone for a day and there are four pages to read (even without Elmit )


@bitladen, so you are gonna clone BURST...? Finally

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.

What part of open source didn't you get?
Besides, I hope luxe will review the code. He seemed interested in the idea.

I didn't know you would do it open source. Great if you do And the fact that I missed it, yet another reason for a separate thread for the pre-clone discussions.

[yeponlyone]

Yes it fluctuates but seems like the network size is decreasing again:

[8-bit-Party]

Let's see this 51% attack from pityladen then.

[pinballdude]

Yes it fluctuates but seems like the network size is decreasing again:

there is a bug in that graph, the very last down indication is not really there.

nw size is right now at BaseTarget 2892701  just below 3m that is 3 times more burst to remaining miners compared to when we were at 1m  i'm happy with that. Not sure at what basetarget bitladen would be able to attack but i would guess more like 15m or perhaps 10m.

[pinballdude]

coin outlet makes bitcoin ATM's but actually uses NXT to send messages, as NXT has some advantages compared to bitcoin...

The project burst is cloned from kicks ass, probably passed on a lot of great genes to burst.

https://www.youtube.com/watch?v=FN0gUIVYu2s

[Yanakitu Tenatako]

There will be no 51% attack from this asshole, that is for sure.
Simply not because he does not want to, but because he cannot.

As simply as that.

[crowetic]

There will be no 51% attack from this asshole, that is for sure.
Simply not because he does not want to, but because he cannot.

As simply as that.

Is this entirely necessary? I get him to stop with public threats and agree to do more beneficial things for the BURST community, and you try to get him to attack?

Really?

Can we all just quit with this please?

[crowetic]

Let's see this 51% attack from pityladen then.

You too man... I don't even know who  you are, coming in out of nowhere starting with nonsense like this?


Also, you don't believe the obvious that is right in front of your face or what? Have you ever even LOOKED at the block explorer? Don't you see it is pretty obvious that he's the largest miner in the network BY FAR?


I will ask you to do the same that I just asked above, please, just stop with the nonsense. If we can all just work together here and make things more beneficial for everyone by making BURST a force to be reckoned with (even moreso than its tech already is) don't you think that would be better than doing what you're doing here? What do you hope to accomplish with this?


I for one, would prefer to not have BURST removed from exchanges due to the network being attacked, but maybe I'm one of the few who really cares, is that it?


Just drop the subject and let us move forward. I would appreciate it.

[Elmit]

We all agree that the network size should increase. Many people said they will add more TB. However, when I look at the statistics, I see still less network size:

Code:

Current time: 2015-09-14 02:03:38 UTC
Block: 142,510
Difficulty: 5,201
Est. Networksize (PB): 5.453320418537

BURST.MiningHere.com
Pool balance: 61,077
Registered Miners: 537

burst.ninja
Pool balance: 16,933
Registered Miners: 413

burst.poolto.be
Pool balance: 324
Registered Miners: 258

cryptomining.farm
Pool balance: 188,196
Registered Miners: 1,595

DevPool v2
Pool balance: 596,899
Registered Miners: 556

mining.tompool.org
Pool balance: 482
Registered Miners: 55

pool.blago
Pool balance: 4
Registered Miners: 114

pool.burstcoin.de
Pool balance: 25,368
Registered Miners: 126

pool.burstcoin.it
Pool balance: 37
Registered Miners: 56

Either people are DOING differntly then saying or something is going on.

Look at the latest miner stats:

Code:

[ 21.87% ] BURST-KQ2P-FWCW-AAYU-D9G24 (551) /bin/laden
[ 4.84% ] BURST-3N7E-CX8T-K6AM-D6Q4N (122)
[ 4.44% ] BURST-A7NY-ESG8-9VAT-DQJVF (112) M2
[ 2.82% ] BURST-5M3F-REHB-PWRE-6E4HP (71) M1
[ 2.74% ] BURST-ELAL-S7GX-6ASS-4RSAM (69) Milan Beograd
[ 1.87% ] BURST-42JY-E6TZ-885E-AZ9HK (47) <-= Pythagorean Switch =->
[ 1.79% ] BURST-XNS5-62HN-J3UY-79THE (45)
[ 1.55% ] BURST-JPV8-RWMY-NS4H-A5S5W (39) [ pool: 9075827522156768698 ]
[ 1.51% ] BURST-SDAC-FFUD-SMCB-D3Q74 (38)
[ 1.15% ] BURST-MKAD-NGL2-75LH-EPA4Y (29) MinerBeast [ pool: 21869187791279079 ]
[ 1.11% ] BURST-ACGB-YGHQ-G9ZL-5XD7U (28) Haitch ACGB [ pool: 12468105956737329840 ]
[ 1.07% ] BURST-WDK8-EYW8-NHMQ-77777 (27)
[ 0.99% ] BURST-XGHW-Z7GY-9HZ6-7P4F4 (25) Andrew [ pool: 12468105956737329840 ]
[ 0.91% ] BURST-BY7U-A5EF-6ACN-4MFYL (23) [ pool: 21869187791279079 ]
[ 0.79% ] BURST-Y2QP-GAKA-AECZ-9KQVA (20) No Name Set [ pool: 21869187791279079 ]
[ 0.79% ] BURST-FDUK-NG2J-5LFN-6EP8H (20) UD3
[ 0.75% ] BURST-UADJ-9AFK-Q62J-5YV2K (19)
[ 0.75% ] BURST-L2V2-AXNC-VW9G-9XBWM (19)
[ 0.75% ] BURST-DW86-ZA9J-DA5W-HTMJX (19) UP4
[ 0.75% ] BURST-HPEL-F589-ULTK-2F5MN (19) Evil Genius
[ 0.71% ] BURST-PC4J-ETQQ-VYHC-BPYHP (18) smaxer
[ 0.71% ] BURST-XNKK-XTSH-78J3-9SAAE (18) PinballDude
[ 0.71% ] BURST-3XFG-2JSB-HCUX-7HXBC (18) LVB - 100 TB - solo
[ 0.71% ] BURST-B2XN-WGYA-ND3F-2LHHS (18)
[ 0.67% ] BURST-EHY5-GRJU-6L6P-8C6FQ (17) [ pool: 21869187791279079 ]
[ 0.67% ] BURST-9LQ3-ZCH9-VDPH-8YUQK (17)
[ 0.67% ] BURST-8XMM-697F-6T5D-C49LZ (17) manini farm [ pool: 12468105956737329840 ]
[ 0.67% ] BURST-YW79-8Q33-PBQL-HD8N6 (17) [ pool: 21869187791279079 ]
[ 0.63% ] BURST-VBQV-PPZM-CPBN-6J2VX (16) B_O_X__2_4 [ pool: 12468105956737329840 ]
[ 0.63% ] BURST-XHKP-97P9-KZYQ-4ZEGA (16)
[ 0.56% ] BURST-7C3B-9LDN-VSXL-4TXE3 (14) SVD Miner [ pool: 21869187791279079 ]
[ 0.56% ] BURST-HXJK-TK7F-FL2N-9ND5U (14)
[ 0.56% ] BURST-D36T-BL8G-KLUU-4H5LM (14) burstless [ pool: 21869187791279079 ]
[ 0.52% ] BURST-J8K7-SJRD-TQAD-A52YA (13)
[ 0.52% ] BURST-WEJK-556L-8G9H-7HZND (13) zippo [ pool: 12468105956737329840 ]
[ 0.52% ] BURST-HR53-5R6S-C9VU-5YK4K (13) CH [ pool: 12468105956737329840 ]
[ 0.52% ] BURST-RCSC-W9BQ-WGG4-C6CKJ (13) [ pool: 21869187791279079 ]
[ 0.52% ] BURST-ESR7-L68N-8DAE-2XDQL (13) birdonwheels5
[ 0.48% ] BURST-T4AJ-CNVH-SSG9-8RSVL (12) [ pool: 21869187791279079 ]
[ 0.48% ] BURST-W945-7PTT-T4FD-732VF (12) Ivabeer
[ 0.48% ] BURST-7VA8-N2KU-CJEL-23WPY (12) [ pool: 21869187791279079 ]
[ 0.44% ] BURST-34FL-Z8RC-6SXE-HNNEY (11)
[ 0.44% ] BURST-BZ3J-UTHM-KTGV-9HKWE (11) C___A___T [ pool: 12468105956737329840 ]
[ 0.44% ] BURST-63T5-9TBH-ASG2-CT5ER (11) A_L_L_I_G_A_T_O_R [ pool: 12468105956737329840 ]
[ 0.40% ] BURST-TVC9-GTFD-AEB8-E6LAZ (10)
[ 0.40% ] BURST-KQ34-CVK6-TU4Z-9L7KT (10) Mining
[ 0.40% ] BURST-UWAA-HSVC-HDCM-G6P58 (10) [ pool: 392861956774712841 ]
[ 0.40% ] BURST-RAG7-HLHX-53PX-FNE94 (10) [ pool: 21869187791279079 ]
[ 0.40% ] BURST-A4GF-RU7J-8WHF-4PAUY (10) LI [ pool: 12468105956737329840 ]
[ 0.40% ] BURST-JFLX-V9X5-BNJB-D34E4 (10) [ pool: 5006289279420108746 ]
[ 0.40% ] BURST-AR5V-QMH7-M5B9-CK32L (10) M3ta
[ 0.40% ] BURST-79PK-DGC2-M4XP-HUAVB (10) crowetic [ pool: 12468105956737329840 ]
[ 0.40% ] BURST-UVJ9-SALJ-JKKQ-34GU3 (10) A1
[ 0.40% ] BURST-YVZQ-LJVQ-98YZ-8X2CU (10)