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Author Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000  (Read 2170604 times)
Elmit
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BURST got Smart Contracts (AT)


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May 08, 2015, 02:04:17 AM
 #20641

Burst value is now at 100 Satoshi.

Time to change the PR from "pointing fingers" to "promoting" Bursts.

Burst has AT, with all it's projects, Escrow, ...

Pool attacks seems also to be on the rise, that gives me HEADACHE to think of the future of BURST, if it has a future at all.
I don't think that "pool attacks" and "pointing fingers" is the right "PR", does it?

Please don't reply, just promote BURST the right way would be the BEST reply!

Ing. Ronald Wiplinger (@ ELMIT)   Blog and pools: http://mininghere.com  CAT info at: https://cat.elmit.com  Tel.: (O) +886 (0)2--2623-3117, (M) +886 (0) 988--70-77-42, Telegram: @RonaldPhone
mczarnek
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May 08, 2015, 03:02:45 AM
 #20642

Burst value is now at 100 Satoshi.

Time to change the PR from "pointing fingers" to "promoting" Bursts.

Burst has AT, with all it's projects, Escrow, ...

Pool attacks seems also to be on the rise, that gives me HEADACHE to think of the future of BURST, if it has a future at all.
I don't think that "pool attacks" and "pointing fingers" is the right "PR", does it?

Please don't reply, just promote BURST the right way would be the BEST reply!

How would you propose marketing Burst?

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Elmit
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BURST got Smart Contracts (AT)


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May 08, 2015, 03:20:33 AM
 #20643

Burst value is now at 100 Satoshi.

Time to change the PR from "pointing fingers" to "promoting" Bursts.

Burst has AT, with all it's projects, Escrow, ...

Pool attacks seems also to be on the rise, that gives me HEADACHE to think of the future of BURST, if it has a future at all.
I don't think that "pool attacks" and "pointing fingers" is the right "PR", does it?

Please don't reply, just promote BURST the right way would be the BEST reply!

How would you propose marketing Burst?

Glad you ask (just some thoughts):

1. Stop attacking others.

2. Make more documents, like:
2.a POSITIVE experiences with Burst (all the features it has)
2.b collections of swipe files for social networks
2.c update the documents we have already and put it on a few places, but with a link to the original site, so just in case you do not have the latest version

3. Coordinated promotions, like focus on ONE feature at a time. Lets make a day of the week for promoting Escrow, and feature it, encourage to use it.
Other day for a Lucky Draw, other day for mining.

4. Make more Blog entries for "non-techies"

5. Encourage signature files at each social network/emails you use

6. Add links what to do with Bursts
(I disagree with the current thinking of keeping it like a painting! I would like to see rather places where I can buy / sell things, short USE it)
IronTiga did some pages of that. I lost the link.

7. Encourage to work with Assets, create your own assets, trade with them, ... promote them individually

8. Create slogans, create abbreviations for BURST --- something you can remember
If you can make a song, like we have for Bitcoins

9. Make movies: Burst in action, friends are talking about Burst, ....

...

Ing. Ronald Wiplinger (@ ELMIT)   Blog and pools: http://mininghere.com  CAT info at: https://cat.elmit.com  Tel.: (O) +886 (0)2--2623-3117, (M) +886 (0) 988--70-77-42, Telegram: @RonaldPhone
haitch
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May 08, 2015, 04:02:05 AM
 #20644

Burst value is now at 100 Satoshi.

Time to change the PR from "pointing fingers" to "promoting" Bursts.

Burst has AT, with all it's projects, Escrow, ...

Pool attacks seems also to be on the rise, that gives me HEADACHE to think of the future of BURST, if it has a future at all.
I don't think that "pool attacks" and "pointing fingers" is the right "PR", does it?

Please don't reply, just promote BURST the right way would be the BEST reply!

Oh Elmit, I try to ignore you, but you just wont let me. I try to help you by telling you your pool is down, and I just get abuse and insinuation. Me so sad Sad

I can read the blockchain just fine, and what I see is: your pool wins a round, your pool pays out; and it pays until it's balance is zero, but the payouts don't add up. Going over the blockchain I see you winning a block, paying out 180 miners, for 66% of the block reward. Then I see you paying out a round - 18 miners for a total of 77 burst. The evidence is right there on the blockchain, and if you had a functional braincell you could see it. So if your miners are lucky, they'll get 66% of their due payout, on a bad payout, they'll get squat.

Now, the only reason I bothered to respond to this message was that your post implies I'm attacking your pool. Care to explain? I tried to report you to the Singapore Fraud Squad, but was thwarted by the need to provide a SNID. But don't worry, I'll figure out something else. The only attacks I'll launch on your pool will be legal ones.

Elit - my apologies that Elmit thinks you're a sock puppet of mine, the guy is rather paranoid. Like you I want to keep Burst clean - and I want this player gone. Uray who wrote the original pool code says it's flawed, it's buggy, it fails to pay out properly. Other pools running that code seem to have fixed most of the issues, Elmit runs the original code, bugs and all and blames everyone else for the flaws in his pool. I'm still torn over the fact that most of his miners seem to be bots with tiny plots, mining 10-20GB of space - is Elmit making the bot, or just providing a bot friendly environment ?

H.




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ICO
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Elmit
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BURST got Smart Contracts (AT)


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May 08, 2015, 04:19:25 AM
 #20645

Burst value is now at 100 Satoshi.

Time to change the PR from "pointing fingers" to "promoting" Bursts.

Burst has AT, with all it's projects, Escrow, ...

Pool attacks seems also to be on the rise, that gives me HEADACHE to think of the future of BURST, if it has a future at all.
I don't think that "pool attacks" and "pointing fingers" is the right "PR", does it?

Please don't reply, just promote BURST the right way would be the BEST reply!

Oh Elmit, I try to ignore you, but you just wont let me. I try to help you by telling you your pool is down, and I just get abuse and insinuation. Me so sad Sad

I can read the blockchain just fine, and what I see is: your pool wins a round, your pool pays out; and it pays until it's balance is zero, but the payouts don't add up. Going over the blockchain I see you winning a block, paying out 180 miners, for 66% of the block reward. Then I see you paying out a round - 18 miners for a total of 77 burst. The evidence is right there on the blockchain, and if you had a functional braincell you could see it. So if your miners are lucky, they'll get 66% of their due payout, on a bad payout, they'll get squat.

Now, the only reason I bothered to respond to this message was that your post implies I'm attacking your pool. Care to explain? I tried to report you to the Singapore Fraud Squad, but was thwarted by the need to provide a SNID. But don't worry, I'll figure out something else. The only attacks I'll launch on your pool will be legal ones.

Elit - my apologies that Elmit thinks you're a sock puppet of mine, the guy is rather paranoid. Like you I want to keep Burst clean - and I want this player gone. Uray who wrote the original pool code says it's flawed, it's buggy, it fails to pay out properly. Other pools running that code seem to have fixed most of the issues, Elmit runs the original code, bugs and all and blames everyone else for the flaws in his pool. I'm still torn over the fact that most of his miners seem to be bots with tiny plots, mining 10-20GB of space - is Elmit making the bot, or just providing a bot friendly environment ?

H.



Headache, when will you grow up?
The Singapore Fraud Squad is responding to you? to YOU??? to a hacker kiddy??? Let me laugh out loud!
They will send you in the best case an ambulance.
Get real man! Do you really think they will move a finger, because HEADACHE said something, without ANY proof? Others, than what can be made with photoshop and a text editor???
Do you really think they will take you seriously when you tell them that you have (no) proof that the pool did not pay out 0.0002 UScents???

I also wonder how you figured out 33% pool fee. I did not respond to that so far, because everybody who CAN read the blockchain sees that this is a proof of your bad intention to me, my pool AND TO THE BURST COMMUNITY.

NONE of my miners had complaint, and YOU as outsider complain? Why are you doing it? IF you are not involved in botnets, so why are you mention it? IF you are not attacking pools, why are you mention it? I am not checking other pools to broadcast like you do. Obviously YOU are the w**m in the Burst community.

Attacking a pool (verbal and cyber) will not help the Burst community. The price is already down at 100. So it is not anymore feasible to mine at all. As other post already mentioned, RoI is far away. And now with your attacks you think you can move people to other pools?

Please hit the ignore button on the left side, and please ONLY reply if you have something to say, to say to BURST and not to just my pool.

Don't forget to add this post to the Singapore Water Department!!!!

Ing. Ronald Wiplinger (@ ELMIT)   Blog and pools: http://mininghere.com  CAT info at: https://cat.elmit.com  Tel.: (O) +886 (0)2--2623-3117, (M) +886 (0) 988--70-77-42, Telegram: @RonaldPhone
Erkallys
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May 08, 2015, 12:25:01 PM
 #20646

After the plotting, does the CPU and the RAM are important ?
HYPERfuture
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HYPER project manager and PR + GoldPieces [GP]


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May 08, 2015, 05:32:16 PM
 #20647

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
FakeAccount
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May 08, 2015, 05:54:37 PM
 #20648

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!
it's nice, but no one is going to connect an obscure reference to the word "BURST" to burstcoin here.
HYPERfuture
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May 08, 2015, 06:11:28 PM
 #20649

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!
it's nice, but no one is going to connect an obscure reference to the word "BURST" to burstcoin here.

"Currently supported cryptocurrencies include HYPER, Coin2, GoldPieces, iCash and BURST."

This is the only BURST cryptocurrency I know of Wink

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
FakeAccount
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May 08, 2015, 06:15:46 PM
 #20650

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!
it's nice, but no one is going to connect an obscure reference to the word "BURST" to burstcoin here.

"Currently supported cryptocurrencies include HYPER, Coin2, GoldPieces, iCash and BURST."

This is the only BURST cryptocurrency I know of Wink
anyone here on this thread knows it.  but anyone who's never heard of burstcoin won't know what "BURST" is. google "burst"
HYPERfuture
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May 08, 2015, 06:20:12 PM
 #20651

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!
it's nice, but no one is going to connect an obscure reference to the word "BURST" to burstcoin here.

"Currently supported cryptocurrencies include HYPER, Coin2, GoldPieces, iCash and BURST."

This is the only BURST cryptocurrency I know of Wink
anyone here on this thread knows it.  but anyone who's never heard of burstcoin won't know what "BURST" is. google "burst"

Most people who know about altcoins will google something like "burst ann bitcointalk" or "burst cryptocurrency"

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
mczarnek
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May 08, 2015, 06:36:11 PM
 #20652

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!

Thank you!  I'm sure we'll get a few people.. If they are interested they'll find BURST.

And good luck with the crypto gaming.. Pretty chill place to have BURST accepted.

BitSend ◢◤Clients | Source
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Segwit | Core 0.14 | Masternodes
XEVAN | DK3 | Electrum soon
Bitcore - BTX/BTC -Project












BSD -USDT | Bittrex | C.Gather | S.Exchange
Cryptopia | NovaExchange | Livecoin
Litebit.eu | Faucet | Bitsend Airdrop













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HYPERfuture
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May 08, 2015, 06:38:06 PM
 #20653

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!

Thank you!  I'm sure we'll get a few people.. If they are interested they'll find BURST.

And good luck with the crypto gaming.. Pretty chill place to have BURST accepted.

No problem!

If anyone in the BURST community wants to work on a project that involves HYPER and BURST we can mention it in more detail in future PR Smiley

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
mczarnek
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May 08, 2015, 06:44:27 PM
 #20654

btw, I found a new intern for us!

Everyone please contact your local universitys or your own universities and ask them to help find interns! We may even be able to offer college credit in exchange for them interning for us.

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!

Thank you!  I'm sure we'll get a few people.. If they are interested they'll find BURST.

And good luck with the crypto gaming.. Pretty chill place to have BURST accepted.

No problem!

If anyone in the BURST community wants to work on a project that involves HYPER and BURST we can mention it in more detail in future PR Smiley

What kind of project do you have in mind?

BitSend ◢◤Clients | Source
www.bitsend.info
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████████▄
███████████▄
██████████████
███████████▀
████████▀
█████▀
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Segwit | Core 0.14 | Masternodes
XEVAN | DK3 | Electrum soon
Bitcore - BTX/BTC -Project












BSD -USDT | Bittrex | C.Gather | S.Exchange
Cryptopia | NovaExchange | Livecoin
Litebit.eu | Faucet | Bitsend Airdrop













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May 08, 2015, 10:51:55 PM
 #20655

BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.

Put more orders there! or dump ...I'm buying Smiley


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May 08, 2015, 11:37:16 PM
 #20656

If i buy some hdd now, my ROI may never happen
For example 3 x 4TB drives mining solo 24/7 for 60 months from now on (cost and electricity only for drives)
Total BURST = 1253000

Calculated for Burst price = 0,00000105 and BTC = 230$

And for Burst price = 0,00000210

Code:
For Price = 0,00000105

|Month|Block |Per Day|Per Month| $ Per|ROI for   |ROI with 0,6$ per month
|     |Reward|       |         | Month|11TB(450$)|HDD Electricity Only(12 watts)
1 6634 2073 63044 15,23 -434,77 -435,37
2 6318 1974 60042 14,50 -420,27 -421,47
3 6017 1880 57183 13,81 -406,47 -408,27
4 5731 1791 54460 13,15 -393,31 -395,71
5 5458 1706 51866 12,53 -380,79 -383,79
6 5198 1624 49396 11,93 -368,86 -372,46
7 4950 1547 47044 11,36 -357,50 -361,70
8 4715 1473 44804 10,82 -346,68 -351,48
9 4490 1403 42670 10,30 -336,37 -341,77
10 4276 1336 40639 9,81 -326,56 -332,56
11 4073 1273 38703 9,35 -317,21 -323,81
12 3879 1212 36860 8,90 -308,31 -315,51
13 3694 1154 35105 8,48 -299,83 -307,63
14 3518 1099 33433 8,07 -291,76 -300,16
15 3351 1047 31841 7,69 -284,07 -293,07
16 3191 997 30325 7,32 -276,74 -286,34
17 3039 950 28881 6,97 -269,77 -279,97
18 2894 904 27506 6,64 -263,13 -273,93
19 2757 861 26196 6,33 -256,80 -268,20
20 2625 820 24949 6,03 -250,78 -262,78
21 2500 781 23761 5,74 -245,04 -257,64
22 2381 744 22629 5,46 -239,57 -252,77
23 2268 709 21551 5,20 -234,37 -248,17
24 2160 675 20525 4,96 -229,41 -243,81
25 2057 643 19548 4,72 -224,69 -239,69
26 1959 612 18617 4,50 -220,19 -235,79
27 1866 583 17730 4,28 -215,91 -232,11
28 1777 555 16886 4,08 -211,83 -228,63
29 1692 529 16082 3,88 -207,95 -225,35
30 1612 504 15316 3,70 -204,25 -222,25
31 1535 480 14587 3,52 -200,73 -219,33
32 1462 457 13892 3,35 -197,37 -216,57
33 1392 435 13231 3,20 -194,18 -213,98
34 1326 414 12601 3,04 -191,14 -211,54
35 1263 395 12001 2,90 -188,24 -209,24
36 1203 376 11429 2,76 -185,48 -207,08
37 1145 358 10885 2,63 -182,85 -205,05
38 1091 341 10367 2,50 -180,34 -203,14
39 1039 325 9873 2,38 -177,96 -201,36
40 989 309 9403 2,27 -175,69 -199,69
41 942 294 8955 2,16 -173,53 -198,13
42 897 280 8529 2,06 -171,47 -196,67
43 855 267 8123 1,96 -169,51 -195,31
44 814 254 7736 1,87 -167,64 -194,04
45 775 242 7367 1,78 -165,86 -192,86
46 738 231 7017 1,69 -164,16 -191,76
47 703 220 6682 1,61 -162,55 -190,75
48 670 209 6364 1,54 -161,01 -189,81
49 638 199 6061 1,46 -159,55 -188,95
50 607 190 5773 1,39 -158,16 -188,16
51 579 181 5498 1,33 -156,83 -187,43
52 551 172 5236 1,26 -155,56 -186,76
53 525 164 4987 1,20 -154,36 -186,16
54 500 156 4749 1,15 -153,21 -185,61
55 476 149 4523 1,09 -152,12 -185,12
56 453 142 4308 1,04 -151,08 -184,68
57 432 135 4102 0,99 -150,09 -184,29
58 411 128 3907 0,94 -149,14 -183,94
59 392 122 3721 0,90 -148,25 -183,65
60 373 117 3544 0,86 -147,39 -183,39

For Price = 0,00000210

|Month|Block |Per Day|Per Month| $ Per|ROI for   |ROI with 0,6$ per month
|     |Reward|       |         | Month|11TB(450$)|HDD Electricity Only(12 watts)
1 6634 2073 63044 30,45 -419,55 -420,15
2 6318 1974 60042 29,00 -390,55 -391,75
3 6017 1880 57183 27,62 -362,93 -364,73
4 5731 1791 54460 26,30 -336,63 -339,03
5 5458 1706 51866 25,05 -311,58 -314,58
6 5198 1624 49396 23,86 -287,72 -291,32
7 4950 1547 47044 22,72 -264,99 -269,19
8 4715 1473 44804 21,64 -243,35 -248,15
9 4490 1403 42670 20,61 -222,74 -228,14
10 4276 1336 40639 19,63 -203,12 -209,12
11 4073 1273 38703 18,69 -184,42 -191,02
12 3879 1212 36860 17,80 -166,62 -173,82
13 3694 1154 35105 16,96 -149,66 -157,46
14 3518 1099 33433 16,15 -133,51 -141,91
15 3351 1047 31841 15,38 -118,14 -127,14
16 3191 997 30325 14,65 -103,49 -113,09
17 3039 950 28881 13,95 -89,54 -99,74
18 2894 904 27506 13,29 -76,25 -87,05
19 2757 861 26196 12,65 -63,60 -75,00
20 2625 820 24949 12,05 -51,55 -63,55
21 2500 781 23761 11,48 -40,07 -52,67
22 2381 744 22629 10,93 -29,14 -42,34
23 2268 709 21551 10,41 -18,73 -32,53
24 2160 675 20525 9,91 -8,82 -23,22
25 2057 643 19548 9,44 0,62 -14,38
26 1959 612 18617 8,99 9,61 -5,99
27 1866 583 17730 8,56 18,18 1,98
28 1777 555 16886 8,16 26,33 9,53
29 1692 529 16082 7,77 34,10 16,70
30 1612 504 15316 7,40 41,50 23,50
31 1535 480 14587 7,05 48,54 29,94
32 1462 457 13892 6,71 55,25 36,05
33 1392 435 13231 6,39 61,64 41,84
34 1326 414 12601 6,09 67,73 47,33
35 1263 395 12001 5,80 73,53 52,53
36 1203 376 11429 5,52 79,05 57,45
37 1145 358 10885 5,26 84,30 62,10
38 1091 341 10367 5,01 89,31 66,51
39 1039 325 9873 4,77 94,08 70,68
40 989 309 9403 4,54 98,62 74,62
41 942 294 8955 4,33 102,95 78,35
42 897 280 8529 4,12 107,07 81,87
43 855 267 8123 3,92 110,99 85,19
44 814 254 7736 3,74 114,73 88,33
45 775 242 7367 3,56 118,28 91,28
46 738 231 7017 3,39 121,67 94,07
47 703 220 6682 3,23 124,90 96,70
48 670 209 6364 3,07 127,97 99,17
49 638 199 6061 2,93 130,90 101,50
50 607 190 5773 2,79 133,69 103,69
51 579 181 5498 2,66 136,35 105,75
52 551 172 5236 2,53 138,87 107,67
53 525 164 4987 2,41 141,28 109,48
54 500 156 4749 2,29 143,58 111,18
55 476 149 4523 2,18 145,76 112,76
56 453 142 4308 2,08 147,84 114,24
57 432 135 4102 1,98 149,82 115,62
58 411 128 3907 1,89 151,71 116,91
59 392 122 3721 1,80 153,51 118,11
60 373 117 3544 1,71 155,22 119,22

Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.

ROI for anything over four months on anything relating to cryptos is borderline suicide. You can look and see how fast the Burst market changed in two weeks. It's way too volatile for long term investments.

As I mentioned before POC desperately needs a few altcoins, a couple successful ones, not just Burst. The selling point here is the technology, not the coin. It also needs a more streamlined process for using the currency and mining it (the amount of steps you need to go through to mine it is ridiculous).

You didn't take the resale value (which is even more significant if you buy the hard drives used) and the added value of using the hard drives for storage into account. I would think that most people who mine BURST are using spare hard drives that aren't being used for storage. At least, that's what I intend to do anyway.

Yeah... there aren't people with 20TB just laying around, or even 5TB. People who are mining Burst aren't using spare storage. Burst isn't so easy to setup that 'anyone can do it whenever they want with little to no expertise'.

I buy private Nvidia miners. Send information and/or inquiries to my PM box.
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May 08, 2015, 11:48:58 PM
 #20657

BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930

Thanks for being a part of our crypto gaming network!
it's nice, but no one is going to connect an obscure reference to the word "BURST" to burstcoin here.

"Currently supported cryptocurrencies include HYPER, Coin2, GoldPieces, iCash and BURST."

This is the only BURST cryptocurrency I know of Wink
anyone here on this thread knows it.  but anyone who's never heard of burstcoin won't know what "BURST" is. google "burst"

Most people who know about altcoins will google something like "burst ann bitcointalk" or "burst cryptocurrency"
and these most people you defined already know about burstcoin
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May 09, 2015, 12:27:57 AM
 #20658


Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.

I disagree, if you purchased the drives with warranty, they should be easy to resell. Plus that I think a GPU is more easily damaged by mining than burst would a HDD.
And HDD tend to keep their price for longer than GPUs too.

Now the block reward structure is a different thing. It deflates way too fast, I said this before, the way block reward is going down right now is insane, it scares miners away.

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May 09, 2015, 12:50:05 AM
 #20659


Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.

I disagree, if you purchased the drives with warranty, they should be easy to resell. Plus that I think a GPU is more easily damaged by mining than burst would a HDD.
And HDD tend to keep their price for longer than GPUs too.

Now the block reward structure is a different thing. It deflates way too fast, I said this before, the way block reward is going down right now is insane, it scares miners away.


Hard drives have a finite lifetime. The only thing I've had go wrong with my GPUs is the fans dying on them and a few oopsies that were totally my fault. I've never had on of my GPU miners just 'die' for no reason. Hard drives on the other hand I've had go bad numerous times with the lifetime of a HD being around five years or failing early and getting RMA'd. Most HDs don't have warranties that long unless you buy really expensive ones.

A properly cooled GPU doesn't lose anymore lifetime then a properly cooled CPU when operating 24/7. It's just the fans and particularly one brand of manufacturer had crap fans from the amount of RMAs I had to do on them. Overvolting is something completely different.

The GPU market price is entirely dependent on the saturation (290s and 280s are still saturating eBay for instance from the x-miner craze) and if a new model is released that also depreciates older cards.


As far as scaring away miners. Halving of the value of the coin in the last month probably did that. There is no security. PoC has one coin and if Burst falls through then you basically are stuck with a bunch of hardware you can't use to mine any other coin. GPUs are quite flexible.

I buy private Nvidia miners. Send information and/or inquiries to my PM box.
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May 09, 2015, 01:40:11 AM
 #20660

Let's not forget that Burst mining doesn't utilize the hard drive 100% of the time like mining on an GPU does.
Just a few minutes per block.

No doubt GPUs are more flexible -- but the cost of mining Burst is SIGNIFICANTLY lower than any GPU mining... unless you have free electricity -- then all bets are off.

I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.

BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
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