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

[LuisPT]

I think there is something wrong with the new pool.

My shares went down from 107 to 101 on http://178.62.39.204:8121/shares. I guess this is not how it is meant to be.  

yeah they're trying to stole your shares, they stopped payout for 3h ago...
stay away

i think it is works fine, pool only pays you when it find the block and you submit the shares on that block, i got the pay one hour ago, and no payout in these time, may be pool can not find the block as frequently as we thought, still have lots of people continue to solo , lots of they have 10+TB or 20+TB，and even have 40TB+， they can compete with the pool

I'm watching this current block, there are users with less shares that minutes ago.
Can someone tell me why?

[1714141172]

1714141172

[1714141172]

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[1714141172]

1714141172

[1714141172]

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[1714141172]

1714141172

[uray]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

[callmejack]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

[uray]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

sorry, just crashed, thank you for notifying me..
and yes that under development too, everything is.. omagad

[fydel]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

sorry, just crashed, thank you for notifying me..
and yes that under development too, everything is.. omagad

Will you publish your code on git? That would be cool.

[ROBERTO]

I find 2 blocks when i mining on the pool if i solo mining i find this 2 blocks or it's cause i'm on the pool?

[Vorksholk]

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.   This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

[uray]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

sorry, just crashed, thank you for notifying me..
and yes that under development too, everything is.. omagad

Will you publish your code on git? That would be cool.

block-explorer is on git dude

[callmejack]

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.   This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

you can host 40tb for about 50$ each tb with marginal power costs on your own hardware.
this may be sufficient to mine for a few weeks.
only drawback is the plot generation.
not sure if vps makes sense.

[har23]

I think it will cost 1 dollar in 2 months.

[Depredation]

Big buy wall at 360 sats on c-cex
Price slowly rising to 1000 sats

[SpeedDemon13]

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.   This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

The service you are offering is a good deal and more convenient. So, some would be better getting a service from someone like you or run their own storage server. Power cost are really low, even with a 20x 4TB HDD array compared to gpu/asic mining.

[fydel]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

sorry, just crashed, thank you for notifying me..
and yes that under development too, everything is.. omagad

Will you publish your code on git? That would be cool.

block-explorer is on git dude

Yeah. But I meant the pool not the block explorer source.

[familiaverde]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

sorry, just crashed, thank you for notifying me..
and yes that under development too, everything is.. omagad

Will you publish your code on git? That would be cool.

block-explorer is on git dude

Can u please give me the steps to mine on the pool ?
where to put reward assignment ?

[kainus78]

after pooling v2, of course using the procedure explained, i always got this warning..
[WARN] [08/31/2014 19:13:56.995] [default-akka.actor.default-dispatcher-4] [akka
://default/user/$a/$b] null

Any advise? Where am I faulting?

Many thanks in advance!

[timk225]

I can find my address and submitted at http://178.62.39.204:8121/shares, however I can not find my address on http://178.62.39.204:8121/balance. Nor have I recieved any payouts.

Do I need a certain amount of submitted shares to get listed on the "balance" or get a payout...?

Thanks

I think the number next to my address is how many BURST coins I have, and it pays out at 500 BURST.  Right?

At http://178.62.39.204:8121/shares, the number behind the address is the number of submitted shares.

The number behind the address at http://178.62.39.204:8121/balance is your earned burst.

In my case I've got accepted shares listed but nothing at the balance/burst page.

Is this normal?  

My accepted shares have gone from 13 to 16 to 19, yet my amount of coins due to me has not changed.

And once again, how can I confirm that the pool knows which wallet to send my coins to?

[Vorksholk]

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.  This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

you can host 40tb for about 50$ each tb with marginal power costs on your own hardware.
this may be sufficient to mine for a few weeks.
only drawback is the plot generation.
not sure if vps makes sense.

You would need one or two strong machines, but many people here already have at least one beefy desktop machine they could use for plotting. I would also be careful with VPSes, make sure you get enough bandwidth from them, and also make sure they don't have a policy against pinning CPUs at 100%. Also, you would have to have a powerful internet connection if you are generating plots on some form of cloud service/VPS and downloading them to your drives. These files don't compress very much.

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.  This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

The service you are offering is a good deal and more convenient. So, some would be better getting a service from someone like you or run their own storage server. Power cost are really low, even with a 20x 4TB HDD array compared to gpu/asic mining.

For sure, power costs are nothing in comparison to traditional mining. For the heck of it, I put a kill-a-watt on an external 4TB hard drive (WD MyBook) for burstcoin mining load, it averaged around 5.2W under reading load, and 4.7W under idle. At an electric price of $0.15/hr, 4TB (3.63TB after formatting) of BURST mining power would cost you $6.84/year (if reading 24/7, more like $6.47 for normal BURST read times per 4m block), plus the price to run a very low end machine to do the actual mining. However, that one machine could easily host 10+ hard drives with the same box power consumption, and many people have a machine they leave on 24/7 anyhow, whether a personal machine or a mining rig.

[Amph]

Currently,in most cases,miners can not even earn the electricity power fee.mining for the future price

this is atrociously bad, seeing how they are using hard disk here and not gpu

[fanepatent]

Currently,in most cases,miners can not even earn the electricity power fee.mining for the future price

this is atrociously bad, seeing how they are using hard disk here and not gpu

He was referring to GPU mining or hosting ASICs home

[Amph]

Stop being paranoid about prices please.

50 million coins are minted each month. It will take years before we see 2 billion.

Expect to see 3-5k sat on the first high volume rise.
ca
Oh, and help get this added to exchanges and keep asking around for that multipool.

The high inflation will be no problem with a multipool by our side!

no, it will takes 1.4 year to see 2 billion, every month nearly 100 million burst...50 million....you must cauculate with wrong. 8.10 came out and with now 8.31. already 70 million.. but what's the matter? btsx also has 2 biliion and its price is 40 times of burst.. and the dogo once was so high price with 100 billion, and people still willing to buy it , and it last for several month , popular depends the price, not the amount, what we need is miners, image it, if we have 10 thousands of miner, every 1 tb can mine 10 burst a month, then the burst's high price is not a problem at all

bitsharesx wasn't minable, the price was set from early investors(i don't remember if it was a ipo/ipco or somethign else), it's a bit different