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

[pinballdude]

You guys needs to fix your Mining Difficulty, i told the dev that he would get exactly this problem and this was a year ago.
If you check your mined coins you already mined 50% of your 2 Billion coins.

Also you need way more advertisement to get more people interest in this project and i mean not who is interested to invest money but to mine coins.
You only have two choices this time, either fix your mining difficulty or change your mining protocol to PoS.

what's wrong with the difficulty. If miners abandon burst the difficutly gets easier and the remaining miners earn more.  if miners flock to burst, the difficulty gets harder and the miners earn less. I see no problem there.

if burst gets worth more, miners get paid more in real terms, and that will attract miners and make the blockchain more secure, if burst gets worth less, miners get paid less in real terms, and that will make some miners go away.. but then... if the market cap is 1mln usd, we only need to make sure it's  a lot more expensive than 1mln usd to attack the coin.

when all the coins are mined, miners will live off fees. We may or may not have to make some changes to the size of fees when we get to that point, it will depend on the value of 1 BURST.  we can just look at the hash size for the chain at that time, and if the hash size is way too small, we could consider a discussion about increasing the minimum fee to more than one, or perhaps make it possible for miners to not add transactions that have the fee under some level. (not sure if we can do that now)

[xizmax]

You guys needs to fix your Mining Difficulty, i told the dev that he would get exactly this problem and this was a year ago.
If you check your mined coins you already mined 50% of your 2 Billion coins.

Also you need way more advertisement to get more people interest in this project and i mean not who is interested to invest money but to mine coins.
You only have two choices this time, either fix your mining difficulty or change your mining protocol to PoS.

what's wrong with the difficulty. If miners abandon burst the difficutly gets easier and the remaining miners earn more.  if miners flock to burst, the difficulty gets harder and the miners earn less. I see no problem there.

if burst gets worth more, miners get paid more in real terms, and that will attract miners and make the blockchain more secure, if burst gets worth less, miners get paid less in real terms, and that will make some miners go away.. but then... if the market cap is 1mln usd, we only need to make sure it's  a lot more expensive than 1mln usd to attack the coin.

when all the coins are mined, miners will live off fees. We may or may not have to make some changes to the size of fees when we get to that point, it will depend on the value of 1 BURST.  we can just look at the hash size for the chain at that time, and if the hash size is way too small, we could consider a discussion about increasing the minimum fee to more than one, or perhaps make it possible for miners to not add transactions that have the fee under some level. (not sure if we can do that now)

I think you still don't got it aren't you ? Burstcoin was mined out to 50% already in just one year ! This means your mining difficulty is just to low. In this case you would have mined all your coins in just a total 3 years.

I believe you have things mixed up my friend. How about you go and take a look at a term called 'controlled supply'.
Coin emission has nothing to do with mining difficulty. BURST being 'mined out' in 60 months (IIRC) is by design.

[yeponlyone]

What top mining speeds do you guys get with jminer? I have some new GPUs and I'm getting some silly numbers, just wanna make sure they are correct.

[yeponlyone]

I believe you have things mixed up my friend. How about you go and take a look at a term called 'controlled supply'.
Coin emission has nothing to do with mining difficulty. BURST being 'mined out' in 60 months (IIRC) is by design.

And might be a good reason to release a clone with a different design to possibly attract more miners long-term...

[xizmax]

You guys needs to fix your Mining Difficulty, i told the dev that he would get exactly this problem and this was a year ago.
If you check your mined coins you already mined 50% of your 2 Billion coins.

Also you need way more advertisement to get more people interest in this project and i mean not who is interested to invest money but to mine coins.
You only have two choices this time, either fix your mining difficulty or change your mining protocol to PoS.

what's wrong with the difficulty. If miners abandon burst the difficutly gets easier and the remaining miners earn more.  if miners flock to burst, the difficulty gets harder and the miners earn less. I see no problem there.

if burst gets worth more, miners get paid more in real terms, and that will attract miners and make the blockchain more secure, if burst gets worth less, miners get paid less in real terms, and that will make some miners go away.. but then... if the market cap is 1mln usd, we only need to make sure it's  a lot more expensive than 1mln usd to attack the coin.

when all the coins are mined, miners will live off fees. We may or may not have to make some changes to the size of fees when we get to that point, it will depend on the value of 1 BURST.  we can just look at the hash size for the chain at that time, and if the hash size is way too small, we could consider a discussion about increasing the minimum fee to more than one, or perhaps make it possible for miners to not add transactions that have the fee under some level. (not sure if we can do that now)

I think you still don't got it aren't you ? Burstcoin was mined out to 50% already in just one year ! This means your mining difficulty is just to low. In this case you would have mined all your coins in just a total 3 years.

I believe you have things mixed up my friend. How about you go and take a look at a term called 'controlled supply'.
Coin emission has nothing to do with mining difficulty. BURST being 'mined out' in 60 months (IIRC) is by design.

Well, looks like his "design" ain't working.

It is working exactly as designed. You believe that this particular design is not correct/proper/achieving good results and that is perfectly fine

I believe you have things mixed up my friend. How about you go and take a look at a term called 'controlled supply'.
Coin emission has nothing to do with mining difficulty. BURST being 'mined out' in 60 months (IIRC) is by design.

And might be a good reason to release a clone with a different design to possibly attract more miners long-term...

Perhaps. I do not think that there is enough data in crypto to be able to tell what a good emission rate is, or in fact, whether such a deflationary model works at all .

[yeponlyone]

You guys needs to fix your Mining Difficulty, i told the dev that he would get exactly this problem and this was a year ago.
If you check your mined coins you already mined 50% of your 2 Billion coins.

Also you need way more advertisement to get more people interest in this project and i mean not who is interested to invest money but to mine coins.
You only have two choices this time, either fix your mining difficulty or change your mining protocol to PoS.

what's wrong with the difficulty. If miners abandon burst the difficutly gets easier and the remaining miners earn more.  if miners flock to burst, the difficulty gets harder and the miners earn less. I see no problem there.

if burst gets worth more, miners get paid more in real terms, and that will attract miners and make the blockchain more secure, if burst gets worth less, miners get paid less in real terms, and that will make some miners go away.. but then... if the market cap is 1mln usd, we only need to make sure it's  a lot more expensive than 1mln usd to attack the coin.

when all the coins are mined, miners will live off fees. We may or may not have to make some changes to the size of fees when we get to that point, it will depend on the value of 1 BURST.  we can just look at the hash size for the chain at that time, and if the hash size is way too small, we could consider a discussion about increasing the minimum fee to more than one, or perhaps make it possible for miners to not add transactions that have the fee under some level. (not sure if we can do that now)

I think you still don't got it aren't you ? Burstcoin was mined out to 50% already in just one year ! This means your mining difficulty is just to low. In this case you would have mined all your coins in just a total 3 years.

I believe you have things mixed up my friend. How about you go and take a look at a term called 'controlled supply'.
Coin emission has nothing to do with mining difficulty. BURST being 'mined out' in 60 months (IIRC) is by design.

Well, looks like his "design" ain't working.

It is working exactly as designed. You believe that this particular design is not correct/proper/achieving good results and that is perfectly fine

I believe you have things mixed up my friend. How about you go and take a look at a term called 'controlled supply'.
Coin emission has nothing to do with mining difficulty. BURST being 'mined out' in 60 months (IIRC) is by design.

And might be a good reason to release a clone with a different design to possibly attract more miners long-term...

Perhaps, I do not think that there is enough data in crypto to be able to tell what a good emission rate is, or in fact, whether such a deflationary model works at all .

Sure, but you will get more data by releasing clones with different emission rates And competition is seldom wrong imho.

We must realize that Burst does have problems with a decreasing network size, making it more vulnerable to 51% attacks and not attracting investors. Experimenting with clones might be a solution. It doesn't mean we don't believe in the basic technology presented in BUST, quite the contrary in fact, I'd say.

[Blago]

What top mining speeds do you guys get with jminer? I have some new GPUs and I'm getting some silly numbers, just wanna make sure they are correct.

11 disks, 17482 Gb
Giga R7870       @ 23 sec
Giga R9 280x     @ 19.8 sec

[xizmax]

Sure, but you will get more data by releasing clones with different emission rates And competition is seldom wrong imho.

We must realize that Burst does have problems with a decreasing network size, making it more vulnerable to 51% attacks and not attracting investors. Experimenting with clones might be a solution. It doesn't mean we don't believe in the basic technology presented in BUST, quite the contrary in fact, I'd say.

Imitation is the most sincere form of flattery?

I just recently got back from a protracted leave , I did manage to read the discussions up to this date.
Need some time to process all the data though.

[yeponlyone]

What top mining speeds do you guys get with jminer? I have some new GPUs and I'm getting some silly numbers, just wanna make sure they are correct.

11 disks, 17482 Gb
Giga R7870       @ 23 sec
Giga R9 280x     @ 19.8 sec

Thanks What is that in MB/s?

[callmejack]

What top mining speeds do you guys get with jminer? I have some new GPUs and I'm getting some silly numbers, just wanna make sure they are correct.

11 disks, 17482 Gb
Giga R7870       @ 23 sec
Giga R9 280x     @ 19.8 sec

Thanks What is that in MB/s?

roughly ((17482*1024)/4096)/time .....
r7870 23s --> 190 mb/s
280x 19.8s --> 220 mb/s

maybe the gpus are faster but limited by the disk io

[callmejack]

i am currently taking a closer look into possible items for the marketplace.

one item i could think of is a exchange monitor which sends out messages on purchase, certain blockchain events or on dailie base.
as buyer of the item you would receive a message like this:

Poloniex BURST blockchain actions last 360 blocks:
deposits   withdrawals   change
2768848.1525   3041607.3932   -272759.2407

Bittrex BURST blockchain actions last 360 blocks:
deposits   withdrawals   change
9300.0000   1846100.1525   -1836800.1525

C-Cex BURST blockchain actions last 360 blocks:
deposits   withdrawals   change
98935.9220   91720.1154   7215.8065

wallet blockchain height: 145987
monitored addresses:
BURST-R8SQ-TUEM-DTHQ-7ATA3 polo
BURST-HK9D-P74Q-XDEJ-D6PGM bitrex
BURST-XHQ2-VKF8-X82E-BN3DM c-cex


i would have to code some marketplace backend integration especially if i implement triggers and you can purchase alerts in advance if XXX coins were moved.
i may also add totals for each value and additional information if wanted.

if anyone is interested in this service please make a suggestion what such a message may cost.
at the moment i dont expect to get rich with this. it is more that i want to show that burst offers really nice options to trade information on the blockchain.  

[crowetic]

I suggested modifications to the block reward and structure, but those were shot down.


At the moment it seems the structure will remain, and people seem to agree with it... and/or just disagree with my suggestion.


There will definitely be a clone.





I agree that the mining reward reduction is too fast, but no, this has nothing to do with mining difficulty, it is simply the structure of the coin release that needs to be modified. I'm also worried about what happens when the coin hits the cap. If we don't have EXTREME INTEREST built in the coin by then, with very much more usage and reasons to use the coin... what then?

Exactly the reason I proposed a change in reward and cap. Which was vehemently shut down, in some cases with extreme prejudice.



So at this time it seems the only real option is a clone while at the same time trying my damnest to figure a way to get BURST recognition.


IMO things didn't work the way we thought they would in the beginning, which warrants a fundamental change in structure. But my opinions were not agreed with by the general community at large...

[Erkallys]

I suggested modifications to the block reward and structure, but those were shot down.


At the moment it seems the structure will remain, and people seem to agree with it... and/or just disagree with my suggestion.


There will definitely be a clone.





I agree that the mining reward reduction is too fast, but no, this has nothing to do with mining difficulty, it is simply the structure of the coin release that needs to be modified. I'm also worried about what happens when the coin hits the cap. If we don't have EXTREME INTEREST built in the coin by then, with very much more usage and reasons to use the coin... what then?

Exactly the reason I proposed a change in reward and cap. Which was vehemently shut down, in some cases with extreme prejudice.



So at this time it seems the only real option is a clone while at the same time trying my damnest to figure a way to get BURST recognition.


IMO things didn't work the way we thought they would in the beginning, which warrants a fundamental change in structure. But my opinions were not agreed with by the general community at large...

Your post created questions for me. You say that your suggestions were denied, but who is the boss of BURST, who is coding the new features (if there is) ?

[BurstIncomeAsset]

Sorry for not being active last week, I was very busy in my personal life, but now back and ready to serve BURST and my INCOME shareholders

I noticed that you people post quite a lot of posts in 1 day, it will take me a lot of time to go through all missed posts, can somebody please sum up what happened in the last week with the BURST development?

Any news or projects going on?

[Erkallys]

Sorry for not being active last week, I was very busy in my personal life, but now back and ready to serve BURST and my INCOME shareholders

I noticed that you people post quite a lot of posts in 1 day, it will take me a lot of time to go through all missed posts, can somebody please sum up what happened in the last week with the BURST development?

Any news or projects going on?

I can't help you about the development. The only thing I noticed these past days is another drama from Elmitt and haitch.

[BurstIncomeAsset]

Sorry for not being active last week, I was very busy in my personal life, but now back and ready to serve BURST and my INCOME shareholders

I noticed that you people post quite a lot of posts in 1 day, it will take me a lot of time to go through all missed posts, can somebody please sum up what happened in the last week with the BURST development?

Any news or projects going on?

I can't help you about the development. The only thing I noticed these past days is another drama from Elmitt and haitch.

Well at least the price is still holding strongly at 29-31 satoshi  despite about 1.7 million BURST being mined each day. This is very positive in my opinion.

I think we need more projects going on to boost that price even further.

[Elmit]

Thank you for a few people from this forum who tested my faucet at:

http://burst.mininghere.com/faucet.php

The fact that it is working, encourages me to add two additional projects.

[Elmit]

Pool Statistics
Current time: 2015-09-23 22:43:21 UTC
Block: 146,044
Difficulty: 6,353
Est. Networksize (PB): 6.6619601017911

[Gabriel.S]

Sold my burst today. Looks like a big loser to me. Thanks for the good time though.

[q327K091]

mining away, selling nothing [hero member has spoken] working towards legendary, legendary are either part of ie BTC/ethereum core dev team or the once that mined BTC at super low and did not throw disk drive with the wallet in the garbage dump