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

[pinballdude]

BurstIncomeAsset wrote:

It will take off after the inflation gets lower.

Currently the inflation is the big issue, thats why I`m holding the funds in BTC to save the capital from inflation.

In about 3-4 months according to my calculations, we should see some drastic price increases.

I would like to get more information about your calculations.

That post of mine was deleted by a moderator, I dont know why?
Nontheless the logic behind it is simple, just take a look at the blockreward:

We are almost at 161000 block next halving at 162000.
Burst get's inflated every 4 minutes by 4877 = 1,755,720 BURST /day

In about 3-4 months we will be over block 216000 with 3585 BURST / BLOCK = 1,290,600 BURST/day

Now that's a 26.5% decrease in inflation, almost a third, so the price should jump also at least 30% by then. This is my logic behind it.

(If not more due to this thread becoming active again and BURST gaining some fame in this forum)

I cannot share this logic!!!

It sounds like, BURST price is so low, lower it is not possible, so there is no other chance to increase!!!

The fact we can agree upon is that if there is any kind of demand for burst, whatever small it might be, then if inflation go below that demand level, price will rise until the demand is diminished so much that things are in balance.

more inflation gives a lower price, less inflation gives a higher price ( all else being equal )

With BURST, inflation is perfectly predictable only with variations due to luck with finding blocks.  we know inflation will be reduced going forward, depending on how you measure it, it is going lower either every time block reward is reduced, or every time a block is found.

So inflation is going down. That's a plain fact.  Inflation measured in BURST that is.  Definition of inflation is number of currency units. it is rising with burst. but rising slower and slower.



Demand is not flat, it is probably wobbling around, or might be trending up or down, i don't know. Historically, price going down faster than inflation dictates can be interpreted as demand being lower than inflation. Price going up of course means demand is higher than inflation.

( demand is of course net demand, some ppl want more burst, some ppl want less)

As inflation go down as a percentage of market cap, and as a percentage of issued BURST coins, the demand needed to keep the price stable will be smaller and smaller. if demand doesn't get reduced, the price will rise.

Burst is made so that inflation measured in new_BURST_created_per_day is going down over time.  if demand remain constant, price will rise as this inflation measurement go down.

burst is also made so that inflation measured in new_BURST_per_day /  total_BURST_to_ever_exist is going down over time. This number go down faster than the above. if demand is a percentage of marketcap rather than a number of burst, price will rise even faster using this inflation measurement

burst is also made so that inflation measured in new_BURST_per_day /  burst_existing_now  is going down over time. It is even going down faster than the above, if demand is a percentage of issued coins, price will have to rise even faster than the two scenarios above.


The total and final risk due to inflation for a wannabe BURST owner is the difference between already mined coins, and the grand total of coins ever to be mined. The inflation risk is coming down all the time.

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[notabeliever]

Just setup an 8tb drive and all plot files are corrupt. Using windows still don't know how to optimize the plot files and fix them.

also is their a android miner out? saw the new MXIII-G+S812 quad google tv box.
Maybe a low cost burstminer built on the android platform. Isn't linux inside an android OS minus java right.

[notabeliever]

Another idea came to mind.....

Say I create 3 plot files and use one instance of Blago miner on Drive C.

Then use fastcopy and copy them to Drive D
Without changing the file names, nonces etc I run a second instance of blago miner.

running the same named files separately can't overlap right. They are on different drives even though they are named the same they are used with separate running blagominer

[Elmit]

BurstIncomeAsset wrote:

It will take off after the inflation gets lower.

Currently the inflation is the big issue, thats why I`m holding the funds in BTC to save the capital from inflation.

In about 3-4 months according to my calculations, we should see some drastic price increases.

I would like to get more information about your calculations.

That post of mine was deleted by a moderator, I dont know why?
Nontheless the logic behind it is simple, just take a look at the blockreward:

We are almost at 161000 block next halving at 162000.
Burst get's inflated every 4 minutes by 4877 = 1,755,720 BURST /day

In about 3-4 months we will be over block 216000 with 3585 BURST / BLOCK = 1,290,600 BURST/day

Now that's a 26.5% decrease in inflation, almost a third, so the price should jump also at least 30% by then. This is my logic behind it.

(If not more due to this thread becoming active again and BURST gaining some fame in this forum)

I cannot share this logic!!!

It sounds like, BURST price is so low, lower it is not possible, so there is no other chance to increase!!!

The fact we can agree upon is that if there is any kind of demand for burst, whatever small it might be, then if inflation go below that demand level, price will rise until the demand is diminished so much that things are in balance.

more inflation gives a lower price, less inflation gives a higher price ( all else being equal )

With BURST, inflation is perfectly predictable only with variations due to luck with finding blocks.  we know inflation will be reduced going forward, depending on how you measure it, it is going lower either every time block reward is reduced, or every time a block is found.

So inflation is going down. That's a plain fact.  Inflation measured in BURST that is.  Definition of inflation is number of currency units. it is rising with burst. but rising slower and slower.



Demand is not flat, it is probably wobbling around, or might be trending up or down, i don't know. Historically, price going down faster than inflation dictates can be interpreted as demand being lower than inflation. Price going up of course means demand is higher than inflation.

( demand is of course net demand, some ppl want more burst, some ppl want less)

As inflation go down as a percentage of market cap, and as a percentage of issued BURST coins, the demand needed to keep the price stable will be smaller and smaller. if demand doesn't get reduced, the price will rise.

Burst is made so that inflation measured in new_BURST_created_per_day is going down over time.  if demand remain constant, price will rise as this inflation measurement go down.

burst is also made so that inflation measured in new_BURST_per_day /  total_BURST_to_ever_exist is going down over time. This number go down faster than the above. if demand is a percentage of marketcap rather than a number of burst, price will rise even faster using this inflation measurement

burst is also made so that inflation measured in new_BURST_per_day /  burst_existing_now  is going down over time. It is even going down faster than the above, if demand is a percentage of issued coins, price will have to rise even faster than the two scenarios above.


The total and final risk due to inflation for a wannabe BURST owner is the difference between already mined coins, and the grand total of coins ever to be mined. The inflation risk is coming down all the time.

I'm not so convinced that inflation does matter at this point, but you mentioned demand.

Demand and supply determine the price.

We have no reason to have BURSTs. In the past 30 pages, or even more, I did not spot a reason to have the need for BURSTs.

BURST has great features, and greatly covered in secret.

Therefore no advertisement works, because no reason to have BURSTs.

The missing dev team is not an obstacle. I have other coins, and as they perform I don't even care who is in the dev team.

It would be different, if something is broken, but BURST isn't broken. New features... are important to implement, but not an obstacle.

Lottery not used any more, crowed funding, automatic transactions/smart contracts, .... not mentioned anymore.

Escrow many people not even know exists.

The functions (not well documented) on the wallets /test page is great. Looking thru this, will inspire you what could be done with BURST right now.

BURST has a (un)encrypted messaging system, subscription, ... not many people use.

[haitch]

Another idea came to mind.....

Say I create 3 plot files and use one instance of Blago miner on Drive C.

Then use fastcopy and copy them to Drive D
Without changing the file names, nonces etc I run a second instance of blago miner.

running the same named files separately can't overlap right. They are on different drives even though they are named the same they are used with separate running blagominer

All the copied instances will find the same "best" nonce from your plot files - your x min y secs nonce from plot one will not improve on the x min y sec identical nonce from plot two. There is no "cheating" the system, the space you make available to unique nonces is your mining capacity - there is no beating the system.

H.
 

[haitch]

Just setup an 8tb drive and all plot files are corrupt. Using windows still don't know how to optimize the plot files and fix them.

also is their a android miner out? saw the new MXIII-G+S812 quad google tv box.
Maybe a low cost burstminer built on the android platform. Isn't linux inside an android OS minus java right.

an android could theoret8cally mine - but disk speed and cpu/gpu calculations determine everything - an android device is not going to be able to process at a competitive rate. On a Windows box, I get processing rates of 300MB/sec - an android won't do that.

H.
 

[Cobra98]

an android could theoret8cally mine - but disk speed and cpu/gpu calculations determine everything - an android device is not going to be able to process at a competitive rate. On a Windows box, I get processing rates of 300MB/sec - an android won't do that.

H.
 

What kind of setup r u running to get that kind of speed if u don't mind me asking? Is that 300mb/s all drives combined and I'm sure u have a crazy amount of drives?

These r my 4 drives running win7 on a celeron 2.7ghz dual core + 8gb of ram

03:05:28 Thread "F:\Burst\plots\" @ 17.6 sec (13.2 MB/s) CPU 71.57%  <---900gb sata drive
03:05:31 Thread "G:\Burst\plots\" @ 20.3 sec (11.4 MB/s) CPU 60.76%  <---900gb sata drive in a usb docking station
03:05:40 Thread "D:\Burst\plots\" @ 29.1 sec (16.0 MB/s) CPU 74.92%  <---1.8tb sata drive
03:05:43 Thread "E:\Burst\plots\" @ 32.4 sec (16.3 MB/s) CPU 69.40%   <---2.1tb sata drive

I just used the plotter from the burst wallet windows client as I was new and it was easy to do with whatever the default settings were and now using blago miner 1.151009

[FrilledShark]

an android could theoret8cally mine - but disk speed and cpu/gpu calculations determine everything - an android device is not going to be able to process at a competitive rate. On a Windows box, I get processing rates of 300MB/sec - an android won't do that.

H.
 

What kind of setup r u running to get that kind of speed if u don't mind me asking? Is that 300mb/s all drives combined and I'm sure u have a crazy amount of drives?

These r my 4 drives running win7 on a celeron 2.7ghz dual core + 8gb of ram

03:05:28 Thread "F:\Burst\plots\" @ 17.6 sec (13.2 MB/s) CPU 71.57%  <---900gb sata drive
03:05:31 Thread "G:\Burst\plots\" @ 20.3 sec (11.4 MB/s) CPU 60.76%  <---900gb sata drive in a usb docking station
03:05:40 Thread "D:\Burst\plots\" @ 29.1 sec (16.0 MB/s) CPU 74.92%  <---1.8tb sata drive
03:05:43 Thread "E:\Burst\plots\" @ 32.4 sec (16.3 MB/s) CPU 69.40%   <---2.1tb sata drive

I just used the plotter from the burst wallet windows client as I was new and it was easy to do with whatever the default settings were and now using blago miner 1.151009

If you use GPU miner you will get a faster read time.

[haitch]

an android could theoret8cally mine - but disk speed and cpu/gpu calculations determine everything - an android device is not going to be able to process at a competitive rate. On a Windows box, I get processing rates of 300MB/sec - an android won't do that.

H.
 

What kind of setup r u running to get that kind of speed if u don't mind me asking? Is that 300mb/s all drives combined and I'm sure u have a crazy amount of drives?

These r my 4 drives running win7 on a celeron 2.7ghz dual core + 8gb of ram

03:05:28 Thread "F:\Burst\plots\" @ 17.6 sec (13.2 MB/s) CPU 71.57%  <---900gb sata drive
03:05:31 Thread "G:\Burst\plots\" @ 20.3 sec (11.4 MB/s) CPU 60.76%  <---900gb sata drive in a usb docking station
03:05:40 Thread "D:\Burst\plots\" @ 29.1 sec (16.0 MB/s) CPU 74.92%  <---1.8tb sata drive
03:05:43 Thread "E:\Burst\plots\" @ 32.4 sec (16.3 MB/s) CPU 69.40%   <---2.1tb sata drive

I just used the plotter from the burst wallet windows client as I was new and it was easy to do with whatever the default settings were and now using blago miner 1.151009

If you use GPU miner you will get a faster read time.

As FrilledShark said, that's using Luxe's GPU miner. It's 10 SATA drives being mined in parallel.

2015-11-05 06:11:36.198  INFO 7608 --- [  readerPool-21] burstcoin.jminer.CommandLineRunner       : 67% done (24TB 192GB), eff.read '309 MB/s'
2015-11-05 06:11:39.657  INFO 7608 --- [  readerPool-29] burstcoin.jminer.CommandLineRunner       : 78% done (28TB 256GB), eff.read '308 MB/s'

H.

[Blago]

What kind of setup r u running to get that kind of speed if u don't mind me asking? Is that 300mb/s all drives combined and I'm sure u have a crazy amount of drives?

These r my 4 drives running win7 on a celeron 2.7ghz dual core + 8gb of ram

03:05:28 Thread "F:\Burst\plots\" @ 17.6 sec (13.2 MB/s) CPU 71.57%  <---900gb sata drive
03:05:31 Thread "G:\Burst\plots\" @ 20.3 sec (11.4 MB/s) CPU 60.76%  <---900gb sata drive in a usb docking station
03:05:40 Thread "D:\Burst\plots\" @ 29.1 sec (16.0 MB/s) CPU 74.92%  <---1.8tb sata drive
03:05:43 Thread "E:\Burst\plots\" @ 32.4 sec (16.3 MB/s) CPU 69.40%   <---2.1tb sata drive

I just used the plotter from the burst wallet windows client as I was new and it was easy to do with whatever the default settings were and now using blago miner 1.151009

(0.9+0.9+1.8+2.1)Tb * 1024*1024 / 4096 / 32.4 sec = 45 MB/sec summary speed

*** 4096 = read one scoop from 4096

for me, 6 cores, 11 drives: 18707 Gb @ 43 sec  => 108.7 MB/sec

@Cobra98, did you try "F:\Burst\plots\+"G:\Burst\plots\" ?

[Cobra98]

What kind of setup r u running to get that kind of speed if u don't mind me asking? Is that 300mb/s all drives combined and I'm sure u have a crazy amount of drives?

These r my 4 drives running win7 on a celeron 2.7ghz dual core + 8gb of ram

03:05:28 Thread "F:\Burst\plots\" @ 17.6 sec (13.2 MB/s) CPU 71.57%  <---900gb sata drive
03:05:31 Thread "G:\Burst\plots\" @ 20.3 sec (11.4 MB/s) CPU 60.76%  <---900gb sata drive in a usb docking station
03:05:40 Thread "D:\Burst\plots\" @ 29.1 sec (16.0 MB/s) CPU 74.92%  <---1.8tb sata drive
03:05:43 Thread "E:\Burst\plots\" @ 32.4 sec (16.3 MB/s) CPU 69.40%   <---2.1tb sata drive

I just used the plotter from the burst wallet windows client as I was new and it was easy to do with whatever the default settings were and now using blago miner 1.151009

(0.9+0.9+1.8+2.1)Tb * 1024*1024 / 4096 / 32.4 sec = 45 MB/sec summary speed

*** 4096 = read one scoop from 4096

for me, 6 cores, 11 drives: 18707 Gb @ 43 sec  => 108.7 MB/sec

@Cobra98, did you try "F:\Burst\plots\+"G:\Burst\plots\" ?

Thank you, got a few extra mb/s from that! I'm still trying to get the java miner to work. I have a separate computer setup just for burst mining and for some reason the wallet won't open. I keep getting java errors but I have 8 installed, getting frustrated 



10:58:32 Thread "D:\Burst\plots" @ 26.1 sec (17.7 MB/s) CPU 73.65%
10:58:36 Thread "E:\Burst\plots" @ 30.5 sec (17.3 MB/s) CPU 69.33%
10:58:36 Thread "F:\Burst\plots+G:\Burst\plots" @ 30.8 sec (15.1 MB/s) CPU 63.6%

[BurstIncomeAsset]

I cannot share this logic!!!

It sounds like, BURST price is so low, lower it is not possible, so there is no other chance to increase!!!

It is already going back up. So there is demand for BURST.

Thus, it's the inflation that is pushing it lower, as miners dump their BURST.

So we need to concentrate to get a bigger demand for BURST.

[BurstIncomeAsset]

Marketing Project:

I have created a marketing fund:

17GPDdHiXthrwrLVmw7x9p3FdGzeQwWmcY
https://blockchain.info/address/17GPDdHiXthrwrLVmw7x9p3FdGzeQwWmcY

This fund will be used to buy advertisements for BURST, which I will credit tonight with Bitcoins. The objective is to promote BURST since the demand has shrunk a little bit in the last weeks. BURST needs a shakeup and new members, a bigger and stronger community.

We hope to raise the number of posters in this thread, the number of miners, the number of BURST buyers, and thus the price, and eventually make BURST a big and strong altcoin.


Yes, BURST can make it, so if in the next days more people will post here and the price will suddenly start to go up, we can say that the marketing campaign was successful!

Let's do this!

[RawCrypto]

So I am pretty new to CPU mining and Burst mining. How are the two related? From what I understand burst mining uses your HDD and CPU mining uses your processor.

So if I am CPU mining a cryptonote coin why would mining bust effect my hash rate? Does burst somehow effect your CPU as well? Obviously I lack some crucial understanding....could someone help me out? Thanks

[RawCrypto]

Marketing Project:

I have created a marketing fund:

17GPDdHiXthrwrLVmw7x9p3FdGzeQwWmcY
https://blockchain.info/address/17GPDdHiXthrwrLVmw7x9p3FdGzeQwWmcY

This fund will be used to buy advertisements for BURST, which I will credit tonight with Bitcoins. The objective is to promote BURST since the demand has shrunk a little bit in the last weeks. BURST needs a shakeup and new members, a bigger and stronger community.

We hope to raise the number of posters in this thread, the number of miners, the number of BURST buyers, and thus the price, and eventually make BURST a big and strong altcoin.


Yes, BURST can make it, so if in the next days more people will post here and the price will suddenly start to go up, we can say that the marketing campaign was successful!

Let's do this!

Pretty cool to see this type of enthusiasm, but maybe the timing for something like this is off? With bitcoin rising and literally every alt coin bleeding out I think it would be hard to raise any awareness.

I have always thought that if a community is going to raise funds it would be better to raise funds to pay for a unique development to the coins usability rather than a marketing campaign. Just my 2 cents, nothing personal of course.

On a side note I really like this coin and don't think it will go away, been buying for a while now.

[notabeliever]

Another idea came to mind.....

Say I create 3 plot files and use one instance of Blago miner on Drive C.

Then use fastcopy and copy them to Drive D
Without changing the file names, nonces etc I run a second instance of blago miner.

running the same named files separately can't overlap right. They are on different drives even though they are named the same they are used with separate running blagominer

All the copied instances will find the same "best" nonce from your plot files - your x min y secs nonce from plot one will not improve on the x min y sec identical nonce from plot two. There is no "cheating" the system, the space you make available to unique nonces is your mining capacity - there is no beating the system.

H.
 

Not cheating the system in fact its a pain to make plot files. Using wplotgenerator I made them for 4 days on a 8gb drive and they are crap.
Waiting 3 -4 days for a plot common. If I have a 2tb drive filled with good plots then I'm going to image it to another drive and not change the numbers. Much faster.

I can you be right about a unique nonce when I created 4 500gb plots all the same file size , a different number anyone can change.

[notabeliever]

Marketing Project:

I have created a marketing fund:

17GPDdHiXthrwrLVmw7x9p3FdGzeQwWmcY
https://blockchain.info/address/17GPDdHiXthrwrLVmw7x9p3FdGzeQwWmcY

This fund will be used to buy advertisements for BURST, which I will credit tonight with Bitcoins. The objective is to promote BURST since the demand has shrunk a little bit in the last weeks. BURST needs a shakeup and new members, a bigger and stronger community.

We hope to raise the number of posters in this thread, the number of miners, the number of BURST buyers, and thus the price, and eventually make BURST a big and strong altcoin.


Yes, BURST can make it, so if in the next days more people will post here and the price will suddenly start to go up, we can say that the marketing campaign was successful!

Let's do this!

I agree no need to market just make it easier and friendly. Ethereum I think is easier ofcourse not sure about the coin

Pretty cool to see this type of enthusiasm, but maybe the timing for something like this is off? With bitcoin rising and literally every alt coin bleeding out I think it would be hard to raise any awareness.

I have always thought that if a community is going to raise funds it would be better to raise funds to pay for a unique development to the coins usability rather than a marketing campaign. Just my 2 cents, nothing personal of course.

On a side note I really like this coin and don't think it will go away, been buying for a while now.

[equipoise]

So I am pretty new to CPU mining and Burst mining. How are the two related? From what I understand burst mining uses your HDD and CPU mining uses your processor.

So if I am CPU mining a cryptonote coin why would mining bust effect my hash rate? Does burst somehow effect your CPU as well? Obviously I lack some crucial understanding....could someone help me out? Thanks

It depends on your configuration. Before you begin mining you should plot your HDD and this takes 100% CPU. For a lot of TB plotting could take quite some time. Then you'll need some CPU once each 4 minutes. On many processors it's better to mine cryptonote only on half the cores (or even less). Mining BURST shouldn't bother if this is the case and you only mine with 1 or 2 HDDs.

[haitch]

Another idea came to mind.....

Say I create 3 plot files and use one instance of Blago miner on Drive C.

Then use fastcopy and copy them to Drive D
Without changing the file names, nonces etc I run a second instance of blago miner.

running the same named files separately can't overlap right. They are on different drives even though they are named the same they are used with separate running blagominer

All the copied instances will find the same "best" nonce from your plot files - your x min y secs nonce from plot one will not improve on the x min y sec identical nonce from plot two. There is no "cheating" the system, the space you make available to unique nonces is your mining capacity - there is no beating the system.

H.
 

Not cheating the system in fact its a pain to make plot files. Using wplotgenerator I made them for 4 days on a 8gb drive and they are crap.
Waiting 3 -4 days for a plot common. If I have a 2tb drive filled with good plots then I'm going to image it to another drive and not change the numbers. Much faster.

There's a GPU plotter that is MUCH faster - https://burstforum.com/index.php?threads/gpu-plot-generator.45/ and also allows plotting multiple plot files simultaneously.

Lets say you have a plot: c:\5860130482017119184_220000000_409600_16384

you then image c: -> D:\, so now you have D:\5860130482017119184_220000000_409600_16384

When you mine the two files, each contains the same identical nonces. Each plot file contains unique nonces - making a copy of it isn't going to help you. The two files identically overlap.

I can you be right about a unique nonce when I created 4 500gb plots all the same file size , a different number anyone can change.

The nonces the plotter creates in the plot file are based off of your id and the starting nonce number - changing the name of the file won't change the contents of the file. If you have 4 * 2TB drives, you have to plot all 4 drives - imaging or copying won't work.

[haitch]

So I am pretty new to CPU mining and Burst mining. How are the two related? From what I understand burst mining uses your HDD and CPU mining uses your processor.

So if I am CPU mining a cryptonote coin why would mining bust effect my hash rate? Does burst somehow effect your CPU as well? Obviously I lack some crucial understanding....could someone help me out? Thanks

When you're mining Burst it also uses your CPU (using Blago's or the Java miner) or GPU (Using Luxe's GPU miner). I presume you're using a CPU miner, so every four minutes or so, it's getting hit hard to Burst mine, then goes back to Cryptonote mining. I'd suggest you swap over to using the GPU miner, it'll impact your Cryptonote mining a lot less.

https://burstforum.com/index.php?threads/ann-burstcoin-jminer-gpu-assisted-poc-miner.842/

H.