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 Author Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000  (Read 2141840 times)
crowetic
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 August 20, 2014, 09:45:34 PM

has anyone a "proofed" formular to estimate the used plotfile terrabytes of the network based on the baseTarget the miner shows?
my idea is to say something like this:
8tb plots mine 1 block a day at a baseTarget of 20,000,000 --> 1tb mines 1/8th block a day --> network mines 360 blocks with 360*8*1tb which is 2.88 pb

based on this i may say baseTarget of 20,000,000 is linear to the network plots of 2880tb.

this results in this formular: (20,000,000/baseTarget)*2880tb=network plots in tb

if i apply the current values of block 3332 to this it results in a network plot size of 1448 terrabyte.
has anyone better numbers to start this calculation with or can tell me if i do something wrong?

I would love to help, but I think my math skills are too sub-par for this kind of work. But I am more than happy to know the results and what your findings are! I await your findings!

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TwinWinNerD
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 August 20, 2014, 10:07:19 PM

I want to short the Bursts price, does anyone want to loan me coins worth about 2-10 BTC (at todays prices) ?

We can use colateral.

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neite99
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 August 20, 2014, 10:16:32 PM

I want to short the Bursts price, does anyone want to loan me coins worth about 2-10 BTC (at todays prices) ?

We can use colateral.

You confuse me.

Why would anyone do this?
TwinWinNerD
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 August 20, 2014, 10:21:29 PM

I want to short the Bursts price, does anyone want to loan me coins worth about 2-10 BTC (at todays prices) ?

We can use colateral.

You confuse me.

Why would anyone do this?

If someone wants to hold coins longterm, he can now earn some interest while holding them.

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SpeedDemon13
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 August 20, 2014, 10:24:34 PM

how can i see the max coin amount at the moment ?
NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
neite99
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 August 20, 2014, 10:33:14 PM

how can i see the max coin amount at the moment ?
NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

"transfer" blocks still give the miner a reward of 10,000 In fact they actually give the transfer fee as well. That is why you will have some blocks that have a few extra. The last one I hit was worth 10,013. it had 13 BURST as a transaction fee because it was transporting BURST to a different wallet.
drumingspz
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 August 20, 2014, 10:46:47 PM

how can i see the max coin amount at the moment ?
NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

"transfer" blocks still give the miner a reward of 10,000 In fact they actually give the transfer fee as well. That is why you will have some blocks that have a few extra. The last one I hit was worth 10,013. it had 13 BURST as a transaction fee because it was transporting BURST to a different wallet.

Yes, but the transfer fee was paid by the wallet sending the burst so the only 'new' coins are the 10K.  As of right now, the total # of coins is 10,000 * # of blocks (currently 3345) = 33,450,000.

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burstcoin
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 August 20, 2014, 10:48:08 PM

ha-ha, polls are coming

Did you just edit the HTML or is this true and really going to happen?
The nxt version I used as a base had this as a testnet-only feature. If I port new nxt version changes to burst, this could happen.

our exclusive Block Explorer is almost functional
only for basic functions though, as soon as it ready to use for test, i will make it public

That looks great

how can i see the max coin amount at the moment ?
NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

I think the 'Total Balance' contains only 'Guaranteed Balance' 1440+ confirmations ... so if you add it up 1440*10000+'Total  Balance' you are in the same range than BlockCount*10000 ... not sure what happens with coins going to BURST-2222-2222-2222-22222 (added to next block?) ... just my interpretation ...

Total balance is a carryover from nxt, which was total stakable nxt, which is coins that have been sitting for 1440 blocks.

BURST-QHCJ-9HB5-PTGC-5Q8J9
neite99
Sr. Member

Offline

Activity: 560
Merit: 250

 August 20, 2014, 10:50:13 PM

how can i see the max coin amount at the moment ?
NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

"transfer" blocks still give the miner a reward of 10,000 In fact they actually give the transfer fee as well. That is why you will have some blocks that have a few extra. The last one I hit was worth 10,013. it had 13 BURST as a transaction fee because it was transporting BURST to a different wallet.

Yes, but the transfer fee was paid by the wallet sending the burst so the only 'new' coins are the 10K.  As of right now, the total # of coins is 10,000 * # of blocks (currently 3345) = 33,450,000.

So what your saying is that the wallet is showing 16 million because it is only counting the blocks that had transfers attached?

Edit:

Nevermind. It looks like the dev stepped in and explained it
SpeedDemon13
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Offline

Activity: 518
Merit: 500

 August 20, 2014, 10:58:14 PM

ha-ha, polls are coming

Did you just edit the HTML or is this true and really going to happen?
The nxt version I used as a base had this as a testnet-only feature. If I port new nxt version changes to burst, this could happen.

our exclusive Block Explorer is almost functional
only for basic functions though, as soon as it ready to use for test, i will make it public

That looks great

how can i see the max coin amount at the moment ?
NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

I think the 'Total Balance' contains only 'Guaranteed Balance' 1440+ confirmations ... so if you add it up 1440*10000+'Total  Balance' you are in the same range than BlockCount*10000 ... not sure what happens with coins going to BURST-2222-2222-2222-22222 (added to next block?) ... just my interpretation ...

Total balance is a carryover from nxt, which was total stakable nxt, which is coins that have been sitting for 1440 blocks.

Things like that need to be put on the OP about the coin total balance. Details like that help transparency of this coin project.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
CryptoSurfer
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 August 20, 2014, 11:09:29 PM

Wow. Its a madhouse in here.

I think we need to clarify a few things here.

First of all, unless some expert wants to spend a huge amount of time coding some ridiculously complex security measures for the pool then we just plain flat out need to generate new plots that are keyed to the pool address that is given to you when you do the ridiculously hard task of pasting your BURST address in the box and clicking the button.

Once you have that address all you do is generate plots wit the same instructions but you use the pool address.

Its pretty easy to figure out the amount in circulation right now.

On the pool site   http://198.199.103.145:8121/

click the "network state" link. "Height" is the current block number. There has been no reward reduction yet (it reduces 5% a month and we haven't been mining a month yet) so the current amount is simply that number multiplied by 10,000.

as of the time of this writing we are on block 3260

so

3260*10,000=  32,600,000

As far as the pool situation I have some advice. START GENERATING PLOTS USING THE POOL ADDRESS. It has taken me almost a week to fill 6 TB of plots and I have been using 3 servers to do it. The amount of "hash" power is going to grow and eventually even my 6 TB will not find blocks. So I can either start generating plots for the pool (which I am) or miss out on a huge amount of BURST.

I am creating new plots on a different 2tb drive and when it is full I will start replacing my solomining plots with pool plots. It is just the natural way these things go and I would advise all of you to do the same.

I want to say one more thing about the pool. The dev worked hard to get a pool running and all I see is complaints about how it works. You really need to think about what goes into creating a new type of pool from scratch. This isn't a small feat. Honestly I think the dev is a genius. He is PROTECTING you by having you NOT use your personal address. I would think that would be obvious.

Onward

And that's exactly how it is!
CryptoSurfer
Member

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Activity: 84
Merit: 10

 August 20, 2014, 11:12:30 PM

Nice, i found 2 blocks in 53 minutes!
neite99
Sr. Member

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Activity: 560
Merit: 250

 August 20, 2014, 11:39:56 PM

Nice, i found 2 blocks in 53 minutes!

WOOT!!
akula999
Hero Member

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Activity: 509
Merit: 500

 August 20, 2014, 11:48:54 PM

Well at this point I completely give up. After mining this on 3 different computers with 3 different harddrives (1.5 TB, 1TB & 500MB) for over 1 week i've found ZERO blocks and have nothing but wasted HDD space. How are you guys doing it? I've ran my computers this continuously for over 1 week. Nothing. I've plotted successfully, followed the directions of some members who took their time to PM me with instructions and I have nothing to show for it.

Sorry for the rant, but i'm going to now go out and buy myself a steak burrito to reward myself for a job not so well done.
Thanks all!

Bitcoin: 1FzZehkiwfeeUmfmBrym8VvXX7gUj3miHe
XMR: 4AqrzGPfEKeZrVXyPDNXUrNeKZZGNYiXMDoY49PvdffKNTRg6xp2Qz74SZ72gT5F9HH8Vaic99ndRg6 UBGcVijaNStQjwwf
burstcoin
Sr. Member

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Activity: 280
Merit: 250

 August 20, 2014, 11:50:27 PM

Pushed a minor update to the pool which reloads the config file when it finds a block, so I can set a new target which will take effect when a block is found. We'll be upping the 20k deadine to 50k when a block is found.

BURST-QHCJ-9HB5-PTGC-5Q8J9
SpeedDemon13
Hero Member

Offline

Activity: 518
Merit: 500

 August 20, 2014, 11:57:32 PM

Pushed a minor update to the pool which reloads the config file when it finds a block, so I can set a new target which will take effect when a block is found. We'll be upping the 20k deadine to 50k when a block is found.

That's more reasonable, thanks for the change.

Well at this point I completely give up. After mining this on 3 different computers with 3 different harddrives (1.5 TB, 1TB & 500MB) for over 1 week i've found ZERO blocks and have nothing but wasted HDD space. How are you guys doing it? I've ran my computers this continuously for over 1 week. Nothing. I've plotted successfully, followed the directions of some members who took their time to PM me with instructions and I have nothing to show for it.

Sorry for the rant, but i'm going to now go out and buy myself a steak burrito to reward myself for a job not so well done.
Thanks all!

Did you sync you system clock to a time server? That's very important in mining this coin. Trust me, I mined 4 days straight with nothing and I redid everything, then I finally was getting blocks.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
Vorksholk
Legendary

Offline

Activity: 1717
Merit: 1001

 August 20, 2014, 11:59:07 PM

With pool mining now available, I am renting out burstcoin mining power.

0.06BTC/TB for initial setup and one month of mining
0.03BTC/TB for every month thereafter.
(No obligation, cancel when you no longer want the service, refunds only available if service failed to work properly)

Discounts are available for larger orders, with 10TB+ being priced at 0.055BTC/TB, and 20TB+ being priced at 0.05BTC/TB.

(Edited to reduce the risk of error)
Here's how it works:
->You PM me your Burstcoin address and how many Terabytes you want to rent
->I go to http://198.199.103.145:8121/ and get you a mining address
->I give you a Bitcoin address to send payment to, and I start generating your plots.
->Mining begins as soon as plot generation begins.

VeriBlock: Securing The World's Blockchains Using Bitcoin
https://veriblock.org
akula999
Hero Member

Offline

Activity: 509
Merit: 500

 August 21, 2014, 12:08:03 AM

Pushed a minor update to the pool which reloads the config file when it finds a block, so I can set a new target which will take effect when a block is found. We'll be upping the 20k deadine to 50k when a block is found.

That's more reasonable, thanks for the change.

Well at this point I completely give up. After mining this on 3 different computers with 3 different harddrives (1.5 TB, 1TB & 500MB) for over 1 week i've found ZERO blocks and have nothing but wasted HDD space. How are you guys doing it? I've ran my computers this continuously for over 1 week. Nothing. I've plotted successfully, followed the directions of some members who took their time to PM me with instructions and I have nothing to show for it.

Sorry for the rant, but i'm going to now go out and buy myself a steak burrito to reward myself for a job not so well done.
Thanks all!

Did you sync you system clock to a time server? That's very important in mining this coin. Trust me, I mined 4 days straight with nothing and I redid everything, then I finally was getting blocks.

Im using windows 7 and it says it's synched to time.windows.com on all 3 computers.

Bitcoin: 1FzZehkiwfeeUmfmBrym8VvXX7gUj3miHe
XMR: 4AqrzGPfEKeZrVXyPDNXUrNeKZZGNYiXMDoY49PvdffKNTRg6xp2Qz74SZ72gT5F9HH8Vaic99ndRg6 UBGcVijaNStQjwwf
SpeedDemon13
Hero Member

Offline

Activity: 518
Merit: 500

 August 21, 2014, 12:30:32 AM

Pushed a minor update to the pool which reloads the config file when it finds a block, so I can set a new target which will take effect when a block is found. We'll be upping the 20k deadine to 50k when a block is found.

That's more reasonable, thanks for the change.

Well at this point I completely give up. After mining this on 3 different computers with 3 different harddrives (1.5 TB, 1TB & 500MB) for over 1 week i've found ZERO blocks and have nothing but wasted HDD space. How are you guys doing it? I've ran my computers this continuously for over 1 week. Nothing. I've plotted successfully, followed the directions of some members who took their time to PM me with instructions and I have nothing to show for it.

Sorry for the rant, but i'm going to now go out and buy myself a steak burrito to reward myself for a job not so well done.
Thanks all!

Did you sync you system clock to a time server? That's very important in mining this coin. Trust me, I mined 4 days straight with nothing and I redid everything, then I finally was getting blocks.

Im using windows 7 and it says it's synched to time.windows.com on all 3 computers.

Try to manually update to the time server, then start mining. Are you using the latest wallet posted on the OP?

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
SpeedDemon13
Hero Member

Offline

Activity: 518
Merit: 500

 August 21, 2014, 12:31:50 AM

With pool mining now available, I am renting out burstcoin mining power.

0.06BTC/TB for initial setup and one month of mining
0.03BTC/TB for every month thereafter.

Discounts are available for larger orders, with 10TB+ being priced at 0.055BTC/TB, and 20TB+ being priced at 0.05BTC/TB.

Here's how it works:
->You go to http://198.199.103.145:8121/
->You enter your OWN Burstcoin address, It gives you a number to mine to
->You PM me that number, and how many Terabytes you want to rent
->I give you a Bitcoin address to send payment to, and I start generating your plots.
->Mining begins as soon as plot generation begins.

Very enterprising of you....

Prices are very reasonable.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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