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

[tross]

NEW POOL

tross Burstcoin Pool

Recipient: BURST-JGBV-U7YK-SWHM-4P4QS
Pool:burstpool.ddns.net:8080  and 8124


I hope people come and try it out! Only cost is 1 Burst and your are free to stay or go as you please
It's an alternative to a large pool without pay hassle and forks. Thats not saying it couldnt happen to
my pool but less frequently or not so often. I will be changing the site design and some of the JS code.
Like any other project there is always a bug somewhere.

Burstcoin has to have more than a couple large pools. It wasnt too long ago all the big pools were forked.
But us smaller pools were not. You never know a smaller pool might be better than where you are. Its all
luck! Are you lucky? 

[BurstVest]

New asset on the exchanges: BurstVest

Name: BurstVest

Asset ID: 9942303089158877431
Asset Issuer: BURST-TX7W-YTB2-EZY7-APA7J
Supply: 1,000,000 (1,000,000 will be sold on the market. All profit from sales goes into the asset)
Price: 100 (Has 2 decimals to break into 1 burst per .01 shares. All assets will be the same price from the issuer! NO increase!)
Asset Decimals: 2
Dividends: Monthly

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AS A PROMOTION, THE FIRST DIVIDEND WILL HAVE A BONUS FROM MY PERSONAL WALLET
------------------------------------------------------------------------------------------------------

BurstVest invests it's funds into current and future assets and reinvests profits while maintaining dividends to shareholders.

The purpose of BurstVest is to simplify investing in multiple assets and reinvesting profits by packaging it into one asset. To put it in simpler terms, BurstVest takes investor's funds and allocates them to assets. The revenue from those assets is split into shareholder dividends, some of it is reinvested, and 1.5% is taken as a maintenance fee. The most unique aspect of BurstVest is that it reinvests 35% of it's revenues creating a larger dividend each month. No matter how many shares are sold, the dividends will keep going up for as long as the burst asset exchange exists.

Shares will be sold 100,000 at a time on the exchange.

Burstvest will allocate it's investor's funds like this:
20% BURSTize ID:14692463117907261266
15% BURSTeam ID: 14092376023955917604
15% thstake ID: 18176646582737130927
15% BurstGames ID: 9245423647144851863
10% ByteEnt ID: 1800253871016293364
10% BURSTaker ID: 15208279992621279224
15% Retained in the wallet for future assets. Wallet Address: BURST-TX7W-YTB2-EZY7-APA7J

The profits from the asset investments will be distributed:
60% Dividends to investors
35% Invested in more assets
3% Put into the wallet for future assets(Future assets will be determined by majority on the burstcoin forum)
1.5% Maintenance fee

Any funds sent to the asset will go directly into buying an asset immediately.
Don't have any burst? Throw some faucet burst at the exchange and you can get .01 shares per burst! If I go to the faucet and get 5 burst, I can get .05 shares and watch the profits roll in.

Just in case anybody missed it. The price of the asset in future releases will be the SAME. No increase whatsoever because that would cheat people who are late into buying it. HOWEVER, Any late buyers will not receive dividends from the previous months.

If you still aren't convinced, you can check how many of what asset the wallet currently owns by going to the exchange and clicking on the account ID (Who owns it). Anyone can see how many of what asset the wallet owns. There is the proof that this asset is legit.

Any amendments to investment percentages will be addressed on the official burstcoin forum page

http://forums.burst-team.us:4567/topic/1111/ann-burstvest

[JasonXG]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

[crowetic]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

You're not looking at it the right way, BURST is about the future, with all of the things we have coming in a short period of time, mining now is good, the rewards are dropping, many new people coming in and offering services, and a LOT more big things coming.

Get in now, and mine coins that go up 1000x in value in the near future, suddenly your ROI has happened 20 times in a few months.


BURST isn't about profit now, not by mining anyway. If you want profit now, you can mine with your existing drives, or buy and sell the coin, but the future, is where you're really going to see the long term goals coming to fruition, and massive increases once we get a few things finished up.

Everything will be public soon.

[daWallet]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

1 TB costs around $ 25 to $ 30 and a "return on investment" of 25 to 50% per year is horrible? With the value of the working HDD or without?

ROI is a very limited measurement of performance especially for long term projects.

[vella85]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

Think of BURST as a long term investment and his a little tip for you, invest the mined BURST into assets which earn monthly dividends and also can go up in value. Take BURSTaker assets they were just 50 Burst coins each and now are trading at just under 100 Burst coins and a couple of weeks ago they were trading at 250 Burst coins. So while you are waiting for the price of Burst to go up why not invest your mined Burst coins and invest them into the assets and earn monthly dividends while you wait for the price to go up. It's a no brainer!

[tortellino]

Hi everybody
i´m very new to Burst but interesting project because of PoC-mining. Installed the online wallet and plotted part of my internal disc (198GB) and a part of brand new seagate 4 TB HDD (346 GB) to test mining. Config changed like in the burst forum explanation videos. 198 GB (Desktop) alone works fine, but combined with HDD [Error1007] occured (The deadline for you nonce is really bad, 11.000years). I plotted the drive with the online wallet plotter. What can i do to solve the problem?

Kind regards

[crowetic]

Hi everybody
i´m very new to Burst but interesting project because of PoC-mining. Installed the online wallet and plotted part of my internal disc (198GB) and a part of brand new seagate 4 TB HDD (346 GB) to test mining. Config changed like in the burst forum explanation videos. 198 GB (Desktop) alone works fine, but combined with HDD [Error1007] occured (The deadline for you nonce is really bad, 11.000years). I plotted the drive with the online wallet plotter. What can i do to solve the problem?

Kind regards

This OP is the OLD BURST OP...


To get answers you're looking for, the best place to post the question is in the BURST official forums... http://forums.burst-team.us


Also, here's a link to the new OP with updated links on it and more active participants....

https://bitcointalk.org/index.php?topic=1323657.0

[JasonXG]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

You're not looking at it the right way, BURST is about the future, with all of the things we have coming in a short period of time, mining now is good, the rewards are dropping, many new people coming in and offering services, and a LOT more big things coming.

Get in now, and mine coins that go up 1000x in value in the near future, suddenly your ROI has happened 20 times in a few months.


BURST isn't about profit now, not by mining anyway. If you want profit now, you can mine with your existing drives, or buy and sell the coin, but the future, is where you're really going to see the long term goals coming to fruition, and massive increases once we get a few things finished up.

Everything will be public soon.

Well I need a new laptop HDD and I'm trying to justify it ^^ I also need some space on my PC but I can only use what's left over but lucky I only keep games and software. No movies and music I just stream. So if anything I can get a discount on my HDD just by selling burst . as you say it might go up in price as you say perhaps buying some is an order ?

How much wear does running this do ? I mean how long till my HDD is trashed ?

[FrilledShark]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

You're not looking at it the right way, BURST is about the future, with all of the things we have coming in a short period of time, mining now is good, the rewards are dropping, many new people coming in and offering services, and a LOT more big things coming.

Get in now, and mine coins that go up 1000x in value in the near future, suddenly your ROI has happened 20 times in a few months.


BURST isn't about profit now, not by mining anyway. If you want profit now, you can mine with your existing drives, or buy and sell the coin, but the future, is where you're really going to see the long term goals coming to fruition, and massive increases once we get a few things finished up.

Everything will be public soon.

Well I need a new laptop HDD and I'm trying to justify it ^^ I also need some space on my PC but I can only use what's left over but lucky I only keep games and software. No movies and music I just stream. So if anything I can get a discount on my HDD just by selling burst . as you say it might go up in price as you say perhaps buying some is an order ?

How much wear does running this do ? I mean how long till my HDD is trashed ?

1: I don't quite understand that question, would you mind explain it again?

2: Burst mining doesn't wear down a HDD faster then normal usage would. You are only reading about 0.025% of the drive every round and only 1 time pr plot. The only thing which is able to degrade your HDD is the initial setup, which is writing the whole plot to your drive.
3: That depends on the HDD you are using. You might want to do some searching and discover sites like: http://www.extremetech.com/computing/170748-how-long-do-hard-drives-actually-live-for/ & https://www.backblaze.com/blog/hard-drive-failure-rates-q2-2016/. It is hard to tell you exactly how long they live for, but somewhere between 2 and 8 years is probably right. It is very random and just like a lottery. You could be lucky and get one of the 8 years one or be unlucky and it dies in the first year.

[JasonXG]

The roi seems bad. 25% to 50% a year is horrible. The HDD will take 2 years to be paid back and then only will I be able to make profits. I this right or am I missing something ? I'm going on the bases of 1tb HDD = +-$80 the calculator says it's 1400 burst a week.

You're not looking at it the right way, BURST is about the future, with all of the things we have coming in a short period of time, mining now is good, the rewards are dropping, many new people coming in and offering services, and a LOT more big things coming.

Get in now, and mine coins that go up 1000x in value in the near future, suddenly your ROI has happened 20 times in a few months.


BURST isn't about profit now, not by mining anyway. If you want profit now, you can mine with your existing drives, or buy and sell the coin, but the future, is where you're really going to see the long term goals coming to fruition, and massive increases once we get a few things finished up.

Everything will be public soon.

Well I need a new laptop HDD and I'm trying to justify it ^^ I also need some space on my PC but I can only use what's left over but lucky I only keep games and software. No movies and music I just stream. So if anything I can get a discount on my HDD just by selling burst . as you say it might go up in price as you say perhaps buying some is an order ?

How much wear does running this do ? I mean how long till my HDD is trashed ?

1: I don't quite understand that question, would you mind explain it again?

2: Burst mining doesn't wear down a HDD faster then normal usage would. You are only reading about 0.025% of the drive every round and only 1 time pr plot. The only thing which is able to degrade your HDD is the initial setup, which is writing the whole plot to your drive.
3: That depends on the HDD you are using. You might want to do some searching and discover sites like: http://www.extremetech.com/computing/170748-how-long-do-hard-drives-actually-live-for/ & https://www.backblaze.com/blog/hard-drive-failure-rates-q2-2016/. It is hard to tell you exactly how long they live for, but somewhere between 2 and 8 years is probably right. It is very random and just like a lottery. You could be lucky and get one of the 8 years one or be unlucky and it dies in the first year.

Yea I use Seagate hdds and Toshiba some last a bit short but most last a long time. Thank you for the informative links. I think I'm gonna go have a look at HDDs now

One more question. If I download the plot then later free up space do I just update with more free space or plot all over again ?

[dranster]

Big news on BURST

New and updated wallet is out

Check this https://twitter.com/daWallet_/status/774940129563664388


Go download it

Nice to see the crazy markets on BURST

Hoping to see at 1m market cap and at over 150 sats

Good LUCK BURSTERS

[Norfolk]

this is great news, developing is alive keep up good work !

[DrkLvr_]

Hi everybody
i´m very new to Burst but interesting project because of PoC-mining. Installed the online wallet and plotted part of my internal disc (198GB) and a part of brand new seagate 4 TB HDD (346 GB) to test mining. Config changed like in the burst forum explanation videos. 198 GB (Desktop) alone works fine, but combined with HDD [Error1007] occured (The deadline for you nonce is really bad, 11.000years). I plotted the drive with the online wallet plotter. What can i do to solve the problem?

Kind regards

This OP is the OLD BURST OP...


To get answers you're looking for, the best place to post the question is in the BURST official forums... http://forums.burst-team.us


Also, here's a link to the new OP with updated links on it and more active participants....

https://bitcointalk.org/index.php?topic=1323657.0

Do you no longer have access to the OP account? No wonder people are still on 1.2.3, that's still the wallet linked in the OP

Is it laziness or just pure incompetence from the BURST team that this hasn't been updated?

Edit: went to the new ANN, broken links to the web wallet.. so unprofessional

[FrilledShark]

Hi everybody
i´m very new to Burst but interesting project because of PoC-mining. Installed the online wallet and plotted part of my internal disc (198GB) and a part of brand new seagate 4 TB HDD (346 GB) to test mining. Config changed like in the burst forum explanation videos. 198 GB (Desktop) alone works fine, but combined with HDD [Error1007] occured (The deadline for you nonce is really bad, 11.000years). I plotted the drive with the online wallet plotter. What can i do to solve the problem?

Kind regards

This OP is the OLD BURST OP...


To get answers you're looking for, the best place to post the question is in the BURST official forums... http://forums.burst-team.us


Also, here's a link to the new OP with updated links on it and more active participants....

https://bitcointalk.org/index.php?topic=1323657.0

Do you no longer have access to the OP account? No wonder people are still on 1.2.3, that's still the wallet linked in the OP

Is it laziness or just pure incompetence from the BURST team that this hasn't been updated?

Edit: went to the new ANN, broken links to the web wallet.. so unprofessional

The owner of the @OP (@burstcoin) was last online 08-08-2015, 09:03:03. He isn't updating the @OP and we can't get any contact with him. We know he is still alive, because he is watching our development and is updating his pool to the newest version, as well as fixing forks on his pool. We create a new @OP, owned by @Crowetic. The transfer wasn't great and somethings are missing. We encourage people to stop bumping this thread and move to the new one. It isn't perfect either, as it is passively moderated by @Crowetic.

[BitcoinBus]

Today high was 323 sat per burst Goog news for all burst holders.

[pufuletz]

pump and dump, or something lasting? if something lasting, what is it?

[amacar2]

What makes this very big pump for burst? any news supporting the reason behind this pump or it is just another pump and dump.

[tiredday]

What makes this very big pump for burst? any news supporting the reason behind this pump or it is just another pump and dump.

You see many coins on polo are pumped and dumped daily, without real news or solid development, those coins are all p&d, don't be fooled by whales

[pufuletz]

What makes this very big pump for burst? any news supporting the reason behind this pump or it is just another pump and dump.

You see many coins on polo are pumped and dumped daily, without real news or solid development, those coins are all p&d, don't be fooled by whales

I dont think most people are fooled anymore. Pump and dumps used to last days/weeks - these days, most of them last hours, even minutes, at most.