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

[james42]

Is there a maximum size of disk space?

[LuckyBtc]

How many coins i can generate if i have like 1tb hdd?

[burstcoin]

Is there a maximum size of disk space?

Technically, since the nonce is a 64-bit number there are 2^64 possible plots for each address, which if you stored them all would take up a total of 4398046511104TB. If you actually got up there(and something else didn't break first), you could just make another address.

How many coins i can generate if i have like 1tb hdd?

No one knows that until it launches.

[HunterMinerCrafter]

Technically, this mining process can be mined POW-style, however mining it as intended will yield thousands of times the hashrate, and your hardware will sit idle most of the time. Continuously hashing until a block is found is unnecessary, as waiting long enough will cause any nonce to eventually become valid.

Doesn't this imply an optimum by "doing both?"  Can you just keep a cache over your plot hashing work instead of storing all of the scoops themselves, and balance the trade-off to your hardware by adjusting cache size and expiration?  It feels like this might have a unique inflection point on memory hardness.  I'm not sure if this would be good news or bad news. 

I do like the mechanism for handling block interval.  Having advance knowledge as to when you will default to having found a block may have some interesting implications.  Are there any other coins that work in this fashion of claiming a pre-signed ticket after some expiration?  Does this make such a network particularly susceptible to some of the social engineering attacks?

This might actually be a coin to watch.  Though I remain particularly skeptical of any ANN before seeing source code, this one has some of my interest for the moment.

[Amph]

good, ssd miner?

so space over speed...

[ThatDandyMan]

This seems really interesting. I have a few terabytes ready to be used.

[Depredation]

I only have like 500 GB, hopefully I can still get some.

[ThatDandyMan]

You said that is is based off of the NXT source code, but that's primarily PoS. How will NXT's 'forging' tab be changed? And do you think that pools will be possible early on since this is a new algo?

[burstcoin]

Technically, this mining process can be mined POW-style, however mining it as intended will yield thousands of times the hashrate, and your hardware will sit idle most of the time. Continuously hashing until a block is found is unnecessary, as waiting long enough will cause any nonce to eventually become valid.

Doesn't this imply an optimum by "doing both?"  Can you just keep a cache over your plot hashing work instead of storing all of the scoops themselves, and balance the trade-off to your hardware by adjusting cache size and expiration?  It feels like this might have a unique inflection point on memory hardness.  I'm not sure if this would be good news or bad news. 

I do like the mechanism for handling block interval.  Having advance knowledge as to when you will default to having found a block may have some interesting implications.  Are there any other coins that work in this fashion of claiming a pre-signed ticket after some expiration?  Does this make such a network particularly susceptible to some of the social engineering attacks?

This might actually be a coin to watch.  Though I remain particularly skeptical of any ANN before seeing source code, this one has some of my interest for the moment.

Well your maximum possible hashrate certainly would be doing both, however it's more of an efficiency issue. Tripling or more the electric draw for an extra 0.1% hashrate is just a really bad deal.

NXT(which this is a fork of) uses a deadline system for its POS system. If I recall correctly it figures out how long it will be until elapsed time * balance maintained over the last 24 hours will become larger than a value derived from hashing information from the previous block with the public key holding that balance.

Yo said that is is based off of the NXT source code, but that's primarily PoS. How will NXT's 'forging' tab be changed? And do you think that pools will be possible early on since this is a new algo?

NXT's POS system has been removed and replaced with the new algorithm. Regarding pools, take a look as my post here: https://bitcointalk.org/index.php?topic=731923.msg8281535#msg8281535

[ThatDandyMan]

Do you need one large drive to mine or are multiple drives supported?


By the way, I've started up #burstcoin on Freenode. Just PM me w/ your IRC nickname and I'll make you server admin.

[james42]

Still on target for launch tonight?

[HunterMinerCrafter]

NXT(which this is a fork of) uses a deadline system for its POS system. If I recall correctly it figures out how long it will be until elapsed time * balance maintained over the last 24 hours will become larger than a value derived from hashing information from the previous block with the public key holding that balance.

Interesting.  I never bothered looking at NXT much.  I dislike Java.  I'll have to find a good overview somewhere, thanks.

I know ltc testnet and such use time-based deadlines on difficulty, as well, but that is slightly different.

[l3mmy]

So a basic understanding of what you are trying to do??

Basically we are just mining with our hard drive space capacity...so there is nothing useful being stored on our drives other than creating plots and scoops...Nobody is storing things on our computers nothing "useful"

[HunterMinerCrafter]

So a basic understanding of what you are trying to do??

Basically we are just mining with our hard drive space capacity...so there is nothing useful being stored on our drives other than creating plots and scoops...Nobody is storing things on our computers nothing "useful"

Correct, it would just be very large blocks of very random data, unique to your storage space.

[burstcoin]

So a basic understanding of what you are trying to do??

Basically we are just mining with our hard drive space capacity...so there is nothing useful being stored on our drives other than creating plots and scoops...Nobody is storing things on our computers nothing "useful"

Yes, it is an alternative to POW or POS for running a blockchain, not a 'useful' service.

Still on target for launch tonight?

Yes.

[Stormbringer]

Interesting concept.

[notsofast]

I'm totally mining this. Brain going wild trying to think of ways to extract value from the concept.

Payment to digital archivists?

Plot mining as a distributed alarm system for hdd failures?

[burstcoin]

Password rar'ed miner: https://mega.co.nz/#!voQn2QpC!brWwuYvfk-xtfTHHVSaapVESPhR24gEM1qEy2uH7PUo

Password will be released in 40 minutes. I'll do some kind of write up here on usage some time before then probably. If not, there is also a guide in the archive.

File size is large due to jar dependencies.

[l3mmy]

I'm totally mining this. Brain going wild trying to think of ways to extract value from the concept.

Payment to digital archivists?

Plot mining as a distributed alarm system for hdd failures?

have you looked at storj.io?

[waxo]

interesting coin to follow