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

[BurstIncomeAsset]

Sorry for not being on these days, I was busy but now I`m back.

I noticed that the burst forum is down, so that should be fixed soon.

Also with INCOME we are standing pretty good, the price has rise to 28 BURST ,and also BURST price is now at 31 satoshi, so we are making big progresses.

I will report on the fund status at 20:20 UTC, if the forum will be on. We made some big gains since I reported last time.

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[vaxman]

Question for data storage specialist

I have network array EMC VNX3100 with about 14TB of storage. Is it good idea to share it to VMware esxi storage adapter via NFS and mount it to for example ubuntu virtual machine and use it for burst ? How many RAM i have to allocate do 3TB plot under linux ?

esxi and nfs storage for virtual disks is a really bad idea.
the VNX3100 should be capable of iSCSI which performs much better.
mounting the nfs share from within the virtual machine should be sufficient to store plots.

You should avoid having your 14TB of plots inside an ESX-provided target, as this will trash your ESX' caching and therefore significantly impact all other VMs. That problem will not occur when your mining-VM has the VNX-provided nfs mounted directly.

Further, if you have a
1. Direct-Path capable setup (VT-d, directly mapping an PCIe-Ethernet Port into the VM) or have a  
2. VT-c / SR-IOV capable NIC (mapping a VF, virtual function, NIC directly into the VM)
you reduce the impact on the Host/other VMs, as the VM "talks" directly to the NIC without going through the ESX vmnet/switching layer.

14 TB ( -> 3.4 GB/4 minutes, or 1.22 TB/day) may not seem much at first, but if this is a "shared production" setup the impact may be visible.
 

[arloseb]

Is still worth mining burst?

[bobafett]

Mining makes at this prices only sence if you alteady have the hardware.

[pinballdude]

Is still worth mining burst?

You get 2.5 times as many burst for your mining efforts right now, than you got a few months ago.  The number of burst ever existing is finite and fixed. So you get more burst by mining now, than you have been able to for a long time.

Question is, how long will it last.. if the difficulty rises again, you might not get a lot of burst from your mining efforts, and you might have been better off just buying burst outright at the exchanges. It is not a simple calculation, factors include :

do you sell mined burst or keep them
will burst rise in price or fall in price going forward
price and choice of hardware
electricity cost
expenses for setting up and maintaining - your time, what value do you put on it
risk tolerance - are you ready to make nothing, or hit the jackpot, or would you rather just make a little safe money?
resale price of disks and hardware
and how long will your disks last before breaking down.

reg. the breaking down part, i had a 3TB western digital green drive crash, that was built late 2014. That's kinda new. However, i have 33 other drives of various makes and models, that work just fine, so it seems burst is not killing them or anything like that.

[daWallet]

Is still worth mining burst?

An analogy how Burst differs from Bitcoin or other Proof of Work Coins:

Imagine you live in a house in a cold country and you don't want to use the only (central)heating company of your region because it's corrupt and expensive.

Bitcoin:
You have an oven (CPU) that is unused 99% of its time. You decide to heat your house with it. It takes significant electricity but electricity price is low. Soon bigger and more efficient ovens are available on the market (GPU) and you're able to heat your own house completely and even sell heat to your neighborhood. As more people start to heat their houses with ovens to be independent electricity price rises significantly (difficulty rises).
Later few companies develop heatpumps that are even more efficient than every oven (ASIC) but the technology is expensive, hard to get on the market and has very long delivery times. A heatpump owner can provide a small town with relatively cheap heat and forces everybody to turn off their inefficient ovens (centralization). For more profit heatpump owners move to countries with very low electricity prices and send their heat all over the world.

Burst:
You have an abundant resource at home like waste which was useless before (like Mr. Fusion in Back to the future). You can heat your house with it and if you need more you can find it everywhere. It stays decentralized because everybody uses their own abundant ressources.

So yes - it's worth mining.

[Erkallys]

Is still worth mining burst?

An analogy how Burst differs from Bitcoin or other Proof of Work Coins:

Imagine you live in a house in a cold country and you don't want to use the only (central)heating company of your region because it's corrupt and expensive.

Bitcoin:
You have an oven (CPU) that is unused 99% of its time. You decide to heat your house with it. It takes significant electricity but electricity price is low. Soon bigger and more efficient ovens are available on the market (GPU) and you're able to heat your own house completely and even sell heat to your neighborhood. As more people start to heat their houses with ovens to be independent electricity price rises significantly (difficulty rises).
Later few companies develop heatpumps that are even more efficient than every oven (ASIC) but the technology is expensive, hard to get on the market and has very long delivery times. A heatpump owner can provide a small town with relatively cheap heat and forces everybody to turn off their inefficient ovens (centralization). For more profit heatpump owners move to countries with very low electricity prices and send their heat all over the world.

Burst:
You have an abundant resource at home like waste which was useless before (like Mr. Fusion in Back to the future). You can heat your house with it and if you need more you can find it everywhere. It stays decentralized because everybody uses their own abundant ressources.

So yes - it's worth mining.

Really true analogy and good. I'd say it's worth to mine for several points :

• BURST price can only go higher since it's pretty low right now
• BURST won't kill your HDDs
• Since they can still work you can resell them
• Even if you do not profit or not a lot, you bought nice HDDs that will be usefull for you

Just do not put your life savings in it and everything will be right.

[timk225]

BURST is still the crapcoin it always was, you fools are wasting your time and money trying to mine it.

I realized this a year ago.  A YEAR.  And you jackholes and hangers on are STILL like "oh just wait, it'll increase in value, you'll see.

There is NO reason for it to increase, ever.

[yeponlyone]

No updates of the blockchain on http://burstcoin.biz since the 19th...? Would be great to have it fixed

[Hellsgremlin]

BURST is still the crapcoin it always was, you fools are wasting your time and money trying to mine it.

I realized this a year ago.  A YEAR.  And you jackholes and hangers on are STILL like "oh just wait, it'll increase in value, you'll see.

There is NO reason for it to increase, ever.

Burst is a Crapcoin?  
 I can mine it with the hardware I / Most people already have.  Uses Little to no Extra Energy and make money for doing just about nothing 24/7?

Fact is Burst Coin is probably the Only coin I see in that entire list of 100000000 crap coins that is actually doing something different.  rather then making some new bullshit algo that gives the upper hand to those who already mine all the other crap coins with their GPU farms or ASIC equipment.
Burst Is a Entry level coin that is Energy efficient and requires hardware that you already have / can get dirt cheap or free at local pc shops.  It uses energy you already using by running your computer.


Burst will not make you rich,  But it will generate $$ with almost no expense......  

You should probably stop speaking now!

[q327K091]

I agree with the assessment above, have been doing this over 2 years now, everything has flatlined but.. "officials" are experimenting with the tech, who knows where all of this will end up, better mine than be sorry, notice magnetic storage is not really going down in price, I dont know who unloaded BURST at low but must have had access to cheap storage, storage can be expensive in large quantities!

aka I dont think the real gold rush has even began ...

[q327K091]

No updates of the blockchain on http://burstcoin.biz since the 19th...? Would be great to have it fixed

yeah.. although I just sync my wallet, no big emergency, blockchain, technology transactions are as smooth as a butter always been!

hey now, just went to "hero member" Today

[bobafett]

No updates of the blockchain on http://burstcoin.biz since the 19th...? Would be great to have it fixed

yeah.. although I just sync my wallet, no big emergency, blockchain, technology transactions are as smooth as a butter always been!

hey now, just went to "hero member" Today

congrats!

[killerjoegreece]

there was an all in one package for mining burst with a video too. can i have the link plz?

[daWallet]

there was an all in one package for mining burst with a video too. can i have the link plz?

https://www.youtube.com/watch?v=8FHvD3b30ks

[wmikrut]

BURST is still the crapcoin it always was, you fools are wasting your time and money trying to mine it.

I realized this a year ago.  A YEAR.  And you jackholes and hangers on are STILL like "oh just wait, it'll increase in value, you'll see.

There is NO reason for it to increase, ever.

Says the guy with the -4 trust index...

[Elmit]

What is a valid BURST address?

For a project I want to make sure that the entered BURST address is actually a possible and valid BURST address:

1. It starts with "BURST"
2. It has 22 characters, including the leading "BURST" plus 4 "-"
--
3. Which characters are allowed/disallowed?
4. Is there a check sum?

[haitch]

What is a valid BURST address?

For a project I want to make sure that the entered BURST address is actually a possible and valid BURST address:

1. It starts with "BURST"
2. It has 22 characters, including the leading "BURST" plus 4 "-"
--
3. Which characters are allowed/disallowed?
4. Is there a check sum?

3. alphanumeric, 0 1 i o all excluded.
4. It's a reed solomon encoding of the users pass phrase, so no, no checksum, but it is algorithmically generated.

Easiest way to validate is api call to the wallet - eg getAccount or getAccountPublicKey

H.

[yeponlyone]

crowetic hasn't been on since the 18th. If anyone has contact with him, please tell him I'm looking for him (pidgin)

Thanks!

[Erkallys]

Would it be possible to install BURST-qt on a Raspberry Pi 2 ? Also I'd to mine with it, but how ? Can I use Blago's miner ? Do I need to have BURST-qt installed ? Can a Linux pro help me ?