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

[MiningAtlas]

Still looking good, glad I bought some coins!

[mmmaybe]

is this AT for crosschain transfer still in schedule and happens soon?

it seems that burst didn't be updated for more than 2.5month, and the dev seems disapear for a long time, i am wondering whether the dev is still developing this coin? i have asked the same question one month ago, it seems lots of people said the the new update will come soon, but i didn't see any updates from the top of the thread now?

Quoting myself, quoting CIYAM:

Regarding the state we are in, things can happen pretty fast:

Whilst there was some delay with Qora (due to the lead developer not being able to continue on the project) the AT implementation for that blockchain is now completed and being tested (with all tests so far looking good).

The first ACCTs (Atomic Cross-Chain Transfers) between two mainnet blockchains using AT will be taking place before the end of this month (I expect some press will appear about this).

AT has been running for nearly 6 months now without any issues on the Burst blockchain so I hope that some skeptics might take a deeper look at the very practical and successful "Turing complete" Smart Contract implementation that AT is.

Note also that we are still keen to know if any LLVM devs want to be a part of this project.

When BURST and Qora do the first ACCT, that will be crypto history.

On the platform the dev teams of BURST and Qora uses, the AT experts in both teams have their own joint channel for communication. One of the members there is BurstDev. It's obvious that he, as well both coins shared dev-recourse vbcs, have been assisting in the implementing AT and enabling the ACCT we'll soon see.

However, I wonder what you consider a news? Is a new version the definition of "news"?

When we do the first ACCT, a new version of BURST is not need as AT is already implemented. Nevertheless, if you read the previous pages in this thread and our twitter, you'll see many news, also nicely covered in media, developed but not needing a "v1.2.3".

As far as I know, no severe setbacks have occurred and the first ever ACCT will happen soon. The exact date has not been arranged yet though.

I just hope the wider community recognise the potential and eventually start supporting it in other coins.  This deserves to be so huge, but it seems like everyone is so focused on their own projects that ACCT still appears to be flying under the radar somehow.  It effectively makes things like the supernet and blocknet concepts completely redundant, yet there was much more hype for those than there is for this.  I don't quite get it.  Maybe it'll change when that first transaction goes through and history is made.

That's an interesting question with, I believe, many answers.

First I want to say that i do not think ACCT will go unnoticed: We know the potential,meaning and future use of it, which our competitors also are aware of. This time we have same money to use professional serviced spreading the PR. Correctly formulated, the PR will make new press actors understand what is at stake, that X0,000BTC Goliaths are facing damn talented but dead-broke-Davids.

The fact that we can find suiting analogies already in the Bible is not in the current crypto media environment unimportant: Not only do we have technological significance and break-through research, but we also have a story to tell. Perhaps it's nerdy as hell but in 20 years, we might see a movie describing these months: It has the dynamic of a Hollywood drama.

Important to also note is that some of the major news crypto site aren't unfamiliar with BURST. We get contacted by companies wanting to working with us, but we might not have the funding for it.

At the same time we must understand that thousands of BTCs have power and will make things happen. Certainly we will meet both aggressively and negligence.

The noticed silence at this time is, I would say, due to the radio silence from the involved Devs. CYIAM made a bold statement, and if we to deal with a delay isn't good. ETAs are often wanted by community members, potential investors and the media. As Ian has a bunch of experience, he wouldn't give an ETA like that if it isn't close; at the same time we do know, based on empirical research of the logic of scientific and technological advancement, that ETAs tend to fail not so rarely which give bad press - when it in fact only is everyday research problems.  

Without knowing all the details in this case, I'd offer a basic roadmap instead of an ETAs, due to ACCT's importance. However, they still can prove us wrong: If I had all the details, I might very well had done what Ian did.

All we can do now is only do a couple of things: Waiting for research to take the required time while we enjoy all the other forms of BURST advancement. We can also keep supporting BURST:
- buy more coins at these silly levels
- if there is time in your life, offer your help to the over all DevTeam at burst@countermail.com
- donate some of your mBTC and BURST to the DevTeam, both to help out economically and but also show the Devs that we support them (addresses in my sig).

[Irontiga]

ByteEnt payout done

Code:

Amount paid, Account, TX
224275.66875, BURST-79PK-DGC2-M4XP-HUAVB, 17731381647942336471
139392.4875, BURST-W3VU-PJX2-KCN5-F3GP3, 13403402090812308817
49481.25, BURST-Y2QP-GAKA-AECZ-9KQVA, 15603327662605134894
36818.6175, BURST-EDTR-SU3E-VV64-3ALJJ, 8956169619530172804
30929.5875, BURST-J8HZ-99WH-5B3G-BCRMF, 3754905877167371439
30450, BURST-BREF-TMF3-FZU3-FR7L7, 6746904175366383807
15225, BURST-K376-EJSB-NMC5-FDF2F, 4131108588515609050
11700.4125, BURST-ACGB-YGHQ-G9ZL-5XD7U, 7081896356718984219
6721.07625, BURST-YSFT-M5W8-E4Z7-D7UDQ, 15079484905592144559
6090, BURST-3N7E-CX8T-K6AM-D6Q4N, 16324171870519359170
5637.05625, BURST-ZEWG-V3ZY-WKL8-6V4RM, 17113165326853372286
4826.325, BURST-S78M-MRHE-5H8L-4TVT7, 17588842589611100544
4734.21375, BURST-2ECL-MQ5A-AZDN-C6WAR, 13462050511564372218
4117.60125, BURST-6CTC-EFAD-5F5U-8BFDC, 10421337194424029866
3806.25, BURST-FTMG-UHZR-8HL9-9YHNT, 12126736272029534412
3654, BURST-SQGU-CMQM-DM47-A63ZK, 17274770639384673382
3193.44375, BURST-UF6F-QQCT-2DDW-EUMTC, 17921426895679915808
3045, BURST-N8KB-DKKW-9C4W-AF289, 2064347210491458568
2737.455, BURST-3BEM-P3WL-TBM6-APZSR, 1038852597902285708
2480.91375, BURST-VVM6-WN67-TS5V-52NB3, 7435151959739714323
1975.44375, BURST-3JGU-CKJV-QQHZ-HH6RP, 17011831370644945189
1865.0625, BURST-58RS-CFFU-QDW9-9QGD6, 16365716492295415049
1598.625, BURST-8XMM-697F-6T5D-C49LZ, 8724784922499097256
1284.22875, BURST-EYZ9-2NHP-VN4T-72RU4, 13395381112316475646
1204.14525, BURST-8M7H-MECE-7TSW-BT2Z9, 2795274210714908108
1141.875, BURST-X8XW-C5W9-QDN6-HEA4W, 13083911961566830190
1058.1375, BURST-SDAC-FFUD-SMCB-D3Q74, 3401009996020583731
974.4, BURST-LSQV-BM94-VRFZ-48EUN, 11575676243689796946
837.375, BURST-LAW7-GHX4-WV6W-HNRKG, 1869795679195966226
761.25, BURST-WTN9-HFDE-XBZB-933Q5, 13504132488906701426
761.25, BURST-K48W-F6TF-LQJW-FHR6A, 9992002099930245213
616.6125, BURST-X2LG-EB5R-JWTE-8D8ZA, 17792989364080508689
570.9375, BURST-8RHD-L8GS-UXTN-DEPDK, 1723768134851402229
507.75375, BURST-YZJ6-LYBY-WAC6-BQYGC, 12868954564034518818
480.34875, BURST-X2MY-DV84-GB2J-HCXZE, 6424793994452963253
419.44875, BURST-TKZK-F72H-Z53X-FDSP2, 5851544652463191840
410.31375, BURST-ZTY4-QDR7-CQQW-44TUY, 10521852722696271770
380.625, BURST-J6JQ-ZWC2-RK7E-CLY93, 17549684664335531448
304.5, BURST-YA29-QCEW-QXC3-BKXDL, 6645314674735318158
296.8875, BURST-58XP-63WY-XSVQ-ASG9A, 8166104559565668700
228.375, BURST-ED7D-65NJ-9YPN-HMJ4K, 7274237784453124240
205.5375, BURST-SLHG-PCZ5-3S5N-G7LGL, 1495419332088373700
182.7, BURST-G96T-JFYP-8LFR-9V7KL, 12124486433846194379
153.7725, BURST-XK5D-GUAH-4B8F-D8LYR, 732549798793659184
152.25, BURST-98FL-KWBK-RXKB-AXF7S, 6986470594161335710
152.25, BURST-LEPZ-TS4J-JJAF-DNHYS, 17939532090200185912
133.98, BURST-P6ZR-UMNC-P42F-8GRH5, 13171697637848955055
114.1875, BURST-SARW-AZYD-WB2R-8S2NS, 7368435730987868156
83.7375, BURST-3BT5-6RGK-3TQL-GUAJ9, 1731406900469354101
76.125, BURST-GMYT-83XW-XU8V-H5Z55, 8581580791372221994
76.125, BURST-ZP9M-XTWD-APKS-CD4X8, 10661936536764415392
76.125, BURST-CREX-FD53-Q698-FJHLS, 4595182757581319736
76.125, BURST-QNE2-ET5Q-CPX5-335BW, 13073541705379480836
76.125, BURST-VJPX-YHKZ-MBN4-866X5, 2125117326013830395
76.125, BURST-DD7P-KZQR-S2EM-D74SC, 11264819966279162747
76.125, BURST-UKCA-C44B-68RG-6V57F, 7982214048623934737
53.2875, BURST-QS8X-VWZS-JVNY-7QYDU, 8732225454359061893
38.0625, BURST-WXSL-JFPN-5VBN-2N35S, 17595542134232109656
38.0625, BURST-6WXR-DFRA-U88E-ALANG, 4687447919501610813
30.45, BURST-WZS8-8YFB-WLTZ-8MFWE, 12719878870511010316
22.8375, BURST-53DP-A7CT-YTM9-FZCLM, 11670339360727032966
15.225, BURST-4BT2-JDQQ-2VMA-6P4TR, 10218096385190942250
15.225, BURST-WQRG-XZ67-8HX2-4ESHN, 14166784945723113528
15.225, BURST-DQXD-CZKW-JFVQ-CQKRV, 8596296145169299950
11.41875, BURST-EQJE-476J-XHZU-4RAEN, 4594170778724824740
7.6125, BURST-C7BV-TMLM-N7YM-66VTT, 1376216366515206878
7.6125, BURST-S8AY-3BZC-VUXW-EQDK7, 4508399108880289034
7.6125, BURST-5SBW-4NNR-VSTU-3L7SA, 17028132144563346721
7.6125, BURST-359Q-QH73-4N5P-FP54C, 17560181639827577067
7.6125, BURST-YTCM-Z647-2XGE-APUB6, 12686267711794743142
7.6125, BURST-6X8H-FVGN-S4VL-D6A93, 16552721036611974956
3.80625, BURST-KLKV-64G5-ZS2L-6F6PP, 7231717359436391204
3.045, BURST-8GKG-B4KD-MDFR-4247Q, 9697931198862810066
1.5225, BURST-S37A-4WRB-RJ35-7WN5A, 13695751775974943523
0.76125, BURST-WKHQ-LQXX-HUR9-C5VQ2, 6465265869311547198
0.15225, BURST-T49R-U9ES-W7N3-6PDNJ, 5057785070199159551
------------All transactions processed------------

[haitch]

ByteEnt payout done

Code:

Amount paid, Account, TX
11700.4125, BURST-ACGB-YGHQ-G9ZL-5XD7U, 7081896356718984219
------------All transactions processed------------

Received in full - Thanks Tiga!

H.

[Irontiga]

And Bank

Code:

Amount paid, Account, TX
20000, BURST-7VBY-YHG6-UUTC-9TV96, 8819650605646046565
10000, BURST-K376-EJSB-NMC5-FDF2F, 15250951906728749900
2100, BURST-W3VU-PJX2-KCN5-F3GP3, 17814201267697966173
2000, BURST-ACGB-YGHQ-G9ZL-5XD7U, 11526680489507992917
1900, BURST-WTN9-HFDE-XBZB-933Q5, 15231208233350965987
1500, BURST-79PK-DGC2-M4XP-HUAVB, 12983036918338642488
1400, BURST-LLY3-HW85-A73L-6JWWW, 14960321525098840899
800, BURST-QX35-J22R-QXML-2B2BF, 16726602801267711327
800, BURST-784V-8YPJ-MBSQ-62U95, 2632073080005555848
300, BURST-S78M-MRHE-5H8L-4TVT7, 15796833150844934156
300, BURST-TKZK-F72H-Z53X-FDSP2, 319317017259682505
200, BURST-G5EG-7MQ2-QJJ9-7VRCG, 1226791441545223118
200, BURST-UADJ-9AFK-Q62J-5YV2K, 12957112326415430569
200, BURST-K48W-F6TF-LQJW-FHR6A, 9316889998162237534
200, BURST-ESR7-L68N-8DAE-2XDQL, 15328528601191690295
200, BURST-YZJ6-LYBY-WAC6-BQYGC, 17687512559076765528
200, BURST-8RHD-L8GS-UXTN-DEPDK, 14105277177468917235
100, BURST-KLKV-64G5-ZS2L-6F6PP, 4826642263722179004
100, BURST-247J-TQC8-T5EB-EJFZP, 4558617194000181340
100, BURST-N8KB-DKKW-9C4W-AF289, 12583639265399710708
------------All transactions processed------------

[bensam1231]

Not sure if you guys remember when I mentioned not finding many blocks while solo vs pool mining. There is still something weird about solo mining. I've been mining on pools and mining solo off and on. Whenever I go solo, the amount of blocks I find is about 50-60% of what I'm supposed to. I'm not talking about what the pool pays me, rather the amount of blocks I find while on the pool. This isn't just luck, I've been mining for quite some time and have quite a few data points built up.

I'm not sure if it's just me, but mining solo decreases the number of blocks I find quite a bit. I'm not sure why or how.

[bobafett]

competition is good for business and risk diversification is highly recommend

-[ANNOUNCEMENT]- First Burstcoin.de Asset
New Asset with 2% Interest a Month / 24% a Interest a Year / Highly Secure

Asset Name – BdeBank
Total number available – 500.000
Initial Price –  50 Burst
Asset Number (ID)– 4053085726300717216
First payout is the first of April!

2% interest montly! This asset pays out 2% interest monthly.  One B.deBank  Asset = 50 Burst. 2% of 50 Burst = 1 Burst / month payout.

URL: http://www.burstcoin.de/assets/asset_b.debank.pdf

Guaranteed monthly payout! Every first day of the month i will payout all interest of the assets. Regardless how long you are owner oft them. Also if you bought the assets one day before the first.

Save Investment! The interests are covered and backed by my mining system. If all shares are sold, i have to pay 500.000 Burst  intrest a month. My Miners make average 25.000 Burst per day, whats in a month 750.000 Burst. So the payment of interest is secured forever. Also i am actually bring up more miners, also, look above, this is covert with my burst account with 8.4 Million Burstcoins atm.

Instant Cashout without loss! Also you can cashout anytime. I will buy back the assets from you. Therfore i will place a buy order for every sold asset with a price of 50 Burst. The price what i pay for the payback will decrease 1% every month.  Buywall will be created instantly after the first sales and adapted every first day of the month.

Burstcoin.de is the name oft the german website of burst , with mining guides, best practises, how tos, a manual for beginners, example hardwares from my miners, scripts for tracking the mining tasks, news over burst, etc. and information for the german community is actually daily added.

Bobafett is my username in Bitcointalk.org and burstforum.com.  I´m mining and investing in Burst qfilsince the beginning. I invested over 8500 Euros since now in Burst (bought with btc) and mining hardware. Until now i never sold any of my coins because i really belive this coin has a bright future.

Bobafett is the owner oft the account BURST-AJ63-3W8L-FGBT-2ALZE and now holding over 8.4 Million Burst and is now Top 11 of all Burst holders .

Bobafett is  mining with over 120TB every day and my next miner is acutally plotting. My daily minded income of burst are between 20.000 and 30.000 Burst.

Payout Done!

Code:

Amount paid, Account, TX
80000, BURST-YZD9-CD4K-D5CA-6NUEL, 18076018261160774268
80000, BURST-LTG3-M3W7-BXRP-CYBTS, 11093948329556288266
79911, BURST-7WX4-U942-EJWW-8JSFN, 16941023241038186915
52383, BURST-2PFM-P6FK-JQTD-4U7NC, 9982943541851234623
36028, BURST-PC4J-ETQQ-VYHC-BPYHP, 16969136417745648855
21050, BURST-EDTR-SU3E-VV64-3ALJJ, 4990601941536976397
20026, BURST-EEE2-RDC4-7KZN-99Y36, 4104651243851988493
20000, BURST-H2AK-CKC4-HCU3-7JCP7, 7479749434820535326
20000, BURST-LF5W-A9EN-Z95T-CBMX6, 1333841658370705059
20000, BURST-BGWP-TQW7-H2X3-DENT4, 15260044084307257684
20000, BURST-B3QN-4W4Z-ZK74-EKWJG, 388332550063527369
11480, BURST-79PK-DGC2-M4XP-HUAVB, 2450646800500936720
10000, BURST-K376-EJSB-NMC5-FDF2F, 17933166807596069758
8490, BURST-G7KZ-8XRM-NB3B-6L7GY, 5845504596972798169
5198, BURST-CNM8-9FB7-E43L-8DE38, 9090635848796300221
4000, BURST-BWQ4-BKM8-EBD9-GJJW9, 13991901565832400054
2000, BURST-S37A-4WRB-RJ35-7WN5A, 13989297649722499958
2000, BURST-LP4P-JQ5S-G634-DXNMQ, 12611204748160232923
1320, BURST-3N7E-CX8T-K6AM-D6Q4N, 6735552823032228316
1010, BURST-P3G9-9EJ3-3DQX-3WGDS, 6887757069054351407
1000, BURST-7C3B-9LDN-VSXL-4TXE3, 17081737945674409855
720, BURST-L9Y6-FFHR-E9D6-7AR56, 15373164870645058894
702, BURST-G5EG-7MQ2-QJJ9-7VRCG, 8108155526520008073
500, BURST-YS55-JXPL-BJKB-ATVQJ, 15121734703637195679
500, BURST-8JXK-UEEF-4F5E-36QRD, 13915015540548632347
400, BURST-2DEM-EBGV-GVCS-HNK6U, 13265095164648071499
332, BURST-WTN9-HFDE-XBZB-933Q5, 3216996796451409899
200, BURST-K48W-F6TF-LQJW-FHR6A, 8240656483397096546
150, BURST-UADJ-9AFK-Q62J-5YV2K, 4741408741197313103
120, BURST-2QX6-W52G-S466-4C94C, 17964858675377410404
100, BURST-N8KB-DKKW-9C4W-AF289, 3806511488758494292
100, BURST-KLKV-64G5-ZS2L-6F6PP, 13863491958331720286
100, BURST-SARW-AZYD-WB2R-8S2NS, 2396363670416576367
50, BURST-ESR7-L68N-8DAE-2XDQL, 6227098802786216551
50, BURST-247J-TQC8-T5EB-EJFZP, 16620729120209416796
43, BURST-WKHQ-LQXX-HUR9-C5VQ2, 4551943878871345963
17, BURST-53DP-A7CT-YTM9-FZCLM, 7855053943461886417
10, BURST-X2MY-DV84-GB2J-HCXZE, 11596180132096949070
10, BURST-YTCM-Z647-2XGE-APUB6, 17845083132315134951
------------All transactions processed------------

Scheduled next payment:
01.06.2015 2% per asset

Recent interest payments:
01.05.2015 2% per asset
01.04.2015 2% per asset

[CIYAM]

Without knowing all the details in this case, I'd offer a basic roadmap instead of an ETAs, due to ACCT's importance. However, they still can prove us wrong: If I had all the details, I might very well had done what Ian did.

Unfortunately just as the AT code for Qora was ready to be merged (on April 30th) a bug was found.

So although calling it by the end of April was arguably a "tough ask" it had looked possible (and I'd also hoped that putting out such an ETA might provide a bit of extra incentive). Anyway most importantly the bug has now been squashed and the work to get Qora with AT rolled out the door is underway (I am not going to try and rush that as quality code is far more important than a precise ETA).

I won't call the date this time - but I am extremely confident that it will be days rather than weeks, and even if we end up being a week or two late, compared to Ethereum we are extremely punctual.

[pinballdude]

Not sure if you guys remember when I mentioned not finding many blocks while solo vs pool mining. There is still something weird about solo mining. I've been mining on pools and mining solo off and on. Whenever I go solo, the amount of blocks I find is about 50-60% of what I'm supposed to. I'm not talking about what the pool pays me, rather the amount of blocks I find while on the pool. This isn't just luck, I've been mining for quite some time and have quite a few data points built up.

I'm not sure if it's just me, but mining solo decreases the number of blocks I find quite a bit. I'm not sure why or how.

when you are soloing, you are running the wallet yourself.

i think, when you are pool mining, the wallet is running on the pool server.

the big difference here is if your clock is off 10 or 20 or 30 seconds.  That will loose you a lot of blocks.

check your computer clock to the second, if it is more than a few seconds off, install "NetTime" or a similar product, and have it update your clock often enough that you never get a time off more than a second or two.

both windows 7 and windows 10 have built in internet synchronization, but they sync too infrequently, and are pretty bad at handling congestion and servers that are down, to be of any use for keeping the time within needed bounds for burst mining.


Some pools favor certain total plot sizes. If you are mining at a pool that favors close to what total plot size you have, you might end up getting more burst than you would solo mining.

[pinballdude]

Not sure if you guys remember when I mentioned not finding many blocks while solo vs pool mining. There is still something weird about solo mining. I've been mining on pools and mining solo off and on. Whenever I go solo, the amount of blocks I find is about 50-60% of what I'm supposed to. I'm not talking about what the pool pays me, rather the amount of blocks I find while on the pool. This isn't just luck, I've been mining for quite some time and have quite a few data points built up.

I'm not sure if it's just me, but mining solo decreases the number of blocks I find quite a bit. I'm not sure why or how.

when you are soloing, you are running the wallet yourself.

i think, when you are pool mining, the wallet is running on the pool server.

the big difference here is if your clock is off 10 or 20 or 30 seconds.  That will loose you a lot of blocks.

check your computer clock to the second, if it is more than a few seconds off, install "NetTime" or a similar product, and have it update your clock often enough that you never get a time off more than a second or two.

both windows 7 and windows 10 have built in internet synchronization, but they sync too infrequently, and are pretty bad at handling congestion and servers that are down, to be of any use for keeping the time within needed bounds for burst mining.


Some pools favor certain total plot sizes. If you are mining at a pool that favors close to what total plot size you have, you might end up getting more burst than you would solo mining.

@bustcoin

a suggestion to an improvement of burst wallet :

Suppose the burst wallet tried to figure its own conception of what the utc really is.
for instance if peers exchanged what they were thinking that the time is, and what the system time is on their system, an algorithm could factor in own system time as well as all the peer system times, and the peer and calculated times, and then using wisdom of the crowd, derive a good estimate as to what time is.
Then that better time could be used for deciding when to broadcast a found block.

esp. on windows, system time is normally very unreliable, unless the user has installed programs made for ongoing adjustment. My 3 relatively highend motherboards all drift several seconds each day if i don't adjust them using non-OS programs.

i don't know if the miner also needs to know about system time - i don't think it does.

this will only help miners with bad clocks, not help the coin as such, so i guess not the highest priority.

[mmmaybe]

Without knowing all the details in this case, I'd offer a basic roadmap instead of an ETAs, due to ACCT's importance. However, they still can prove us wrong: If I had all the details, I might very well had done what Ian did.

Unfortunately just as the AT code for Qora was ready to be merged (on April 30th) a bug was found.

So although calling it by the end of April was arguably a "tough ask" it had looked possible (and I'd also hoped that putting out such an ETA might provide a bit of extra incentive). Anyway most importantly the bug has now been squashed and the work to get Qora with AT rolled out the door is underway (I am not going to try and rush that as quality code is more import than a precise ETA).

I won't call the date this time - but I am extremely confident that it will be days rather than weeks, and even if we end up being a week or two late, compared to Ethereum we are extremely punctual.

Thanks for the explanation and update

[Elmit]

Tim Draper (& Co) seems not to read Twitter or this thread. Maybe we should change the strategy of the PR team:

http://www.coindesk.com/hedgy-1-2-million-smart-contract-bitcoin-derivatives/

[mczarnek]

Tim Draper (& Co) seems not to read Twitter or this thread. Maybe we should change the strategy of the PR team:

http://www.coindesk.com/hedgy-1-2-million-smart-contract-bitcoin-derivatives/

Well I sort of feel like we are waiting to hammer out the details of POC2 before we can really talk to venture capitalists.  Maybe that isn't needed.

But it probably would be a good idea to start approaching them..  maybe we can try to talk to the same ones that funded Hedgy and tell them we've already got smart contracts working

[mczarnek]

Re-written, everyone who wants to discuss POC2, please go here:
https://burstforum.com/index.php?threads/poc2-and-asic-resistance.796/#post-5725

We've come up with a more bit shaving resistant algorithm.  It's a combination of POC1 and our previous POC2 idea.

[crowetic]

Tim Draper (& Co) seems not to read Twitter or this thread. Maybe we should change the strategy of the PR team:

http://www.coindesk.com/hedgy-1-2-million-smart-contract-bitcoin-derivatives/

Well I sort of feel like we are waiting to hammer out the details of POC2 before we can really talk to venture capitalists.  Maybe that isn't needed.

But it probably would be a good idea to start approaching them..  maybe we can try to talk to the same ones that funded Hedgy and tell them we've already got smart contracts working

For once Elmit actually contributes something useful. Grats.

[FakeAccount]

Re-written, everyone who wants to discuss POC2, please go here:
https://burstforum.com/index.php?threads/poc2-and-asic-resistance.796/#post-5725

We've come up with a more bit shaving resistant algorithm.  It's a combination of POC1 and our previous POC2 idea.

is POC2 going to continue on the existing blockchain or it will start a new one all over?

[ltcnim]

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume.  Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

[GenTarkin]

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume.  Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

It will last under 100 for quite some time, its just another pump n dump coin sadly =(

[mczarnek]

Hmm.. I was thinking about how to convince POC and POC 2 to come up with an attack against the bitshaving.

And realized that POC actually can be bitshaved too. You only store every other hash in the hash chain.

I may have another idea in mind for POC 2 though. One that means you don't even have to plot your harddrive in the first place.

[callmejack]

Hmm.. I was thinking about how to convince POC and POC 2 to come up with an attack against the bitshaving.

And realized that POC actually can be bitshaved too. You only store every other hash in the hash chain.

I may have another idea in mind for POC 2 though. One that means you don't even have to plot your harddrive in the first place.

this bitshaving is more expensive than simply storing the data somewhere.
if you shave one byte of 64 in each scoop of a nonce you have to check 256 options insstead of one during mining.
even if you find a better deadline than the original scoop would yield the network wont accept this solution.
so to do a 0,64% shaving you burn much more energy.
compared to rig costs this means if you run a 164 hdd rig you save one disk 

another way to take statistical advantages would be to only store a reduced number of scoops to optimize your deadlines for the ones you have them stored for.
i have not looked into this in detail but the statistical idea is instead of mining with 100tb the whole day to mine on 3.6 blocks with a compareable storage of 1pb.
the tricky parts becomes disk io and at current diff levels this does not make sense. but maybe in some years.