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

[mczarnek]

professor of crypto says (that is me) that if you are just in it for the money you shall loose, nice thing about BURST (and QORA actually sparked my interest albeit late because of its integration with BURST) is that people continuously work on the codebase  and set future standards, actually many people here said they are in it for fun as well! which I find great that this is the case.

professor of crypto says that he is sorry that some of you can not pack huge profits in couple of months time

Good point.. it's not just about the money.  We're making what could very likely be one of the biggest products of the future.  It's pretty exciting to work on.  Hopefully most of the crypto people are not solely evaluating a coin based on how it looks on coinmarketcap.com.

But frankly it doesn't look all that bad on coinmarketcap either..  keep in mind that a large chunk of the marketcap going down is because BTC went down in price.

[bitladen]

what are you talking about lol I was one of the original miners when difficulty was like if I remember correctly 3,000 , everyone had a chance and still does, take a look at the distribution curve

now it is true that block reward is will be dropping (progressively) so people should hurry up for sure

also maintaining software and network like BURST ain't easy brotha' however please do try it, including adding ACCT which btw if you do you will do us a favor as we can "exchange" coins without exchanges believe next greatest thing to occur in crypto

otherwise take a chill pill

everyone is professor of crypto these days

in fact I am taking above line and putting it into my signature lol

have a chance at what, put tons of money into mining worthless coins? and keeps going down

i'll make the burst clone, including acct or whatever is in there, just change a few constants here and there, test it out and I'll put it on github.
so it will be fair to mine and trade. burst isn't. results on the market show it.
and if you bother read my initial posts, I anticipated this 2 months ago. or was it 3. haha. In fact, it's going worse than I've anticipated

[coinits]

The name doesn't differentiate the product or describe what it is. Burst needs a name change.

The term "Capacity" is ambiguous. Proof of Memory makes more sense.

Change these two things and more people will join.

It's a harddrive coin not a RAM coin.

[traderman]

How about POD - Proof of Disk?

The name doesn't differentiate the product or describe what it is. Burst needs a name change.

The term "Capacity" is ambiguous. Proof of Memory makes more sense.

Change these two things and more people will join.

It's a harddrive coin not a RAM coin.

[mczarnek]

Proof of Capacity is a more accurate description though, the more hard drives capacity you have, the more you mine.  Right?

And there are other words that I could see.. but they all start with a 'S'.  And it'd be nice to not be POS or POW.

[jwinterm]

The name doesn't differentiate the product or describe what it is. Burst needs a name change.

The term "Capacity" is ambiguous. Proof of Memory makes more sense.

Change these two things and more people will join.

It's a harddrive coin not a RAM coin.

Kind of semantics, but there's not that much difference between a harddrive and RAM. You can load your whole OS in RAM and you can make RAM act like a HD. It's all 'capacity'.

[BurstBurst]

Let's Call it.

Proof of Sizes

[sirnoah]

is the project completed yet? like they have a working demo for us to test?

[mczarnek]

is the project completed yet? like they have a working demo for us to test?

Which project?  Burst is working and has been for a long time now..

[bobafett]

-[ANNOUNCEMENT]- New Pool from Burstcoin.de // http://pool.burstcoin.de

Pool Name – Burstcoin.de Pool
Pool URL – pool.burstcoin.de
Pool Mining Port – 8080
Min Payout 250
Fee 2%

Bonus 100.000 Burst after the first month, paid to all miners, that are active
DONE! Bonus 10.000 Burst after reaching 10 Miners
DONE! Bonus 10.000 Burst after reaching 20 Miners
DONE! Bonus 10.000 Burst after reaching 30 Miners
DONE! Bonus 10.000 Burst after reaching 40 Miners
DONE! Bonus 10.000 Burst after reaching 50 Miners
DONE! Bonus 10.000 Burst after reaching 60 Miners
DONE! Bonus 10.000 Burst after reaching 70 Miners
DONE! Bonus 10.000 Burst after reaching 80 Miners
DONE! Bonus 10.000 Burst after reaching 90 Miners
in progress Bonus 100.000 Burst after reaching 100 Miners
Bonus 100.000 Burst after reaching 200 Miners
Bonus 100.000 Burst after reaching 300 Miners
Bonus 200.000 Burst after reaching 400 Miners

Hardware Dual Quad Core Xeon with 3.0 Ghz, 24GB Ram
Internet 1GBit with DDos Protectoin
Fail Safe Replicated Host with Fallback

Geo location Germany
Quality Made in Germany
Pool Software Urays V2 pool modified and error fixed Version from Blago (thanks to blago for the support)

All my own miners already use the pool, with now over 160TB
Join and lets make some Burst together![/size]

Latest full configurated blago miner you the pool you find here: http://pool.burstcoin.de/howto.html
Just change the paths in the miner.conf

Bonus Payout for reaching 100 Miners will be splittet in 20 transfers of 5000 Burst
1. 5000 Burst payed: http://burstcoin.eu/transaction/13830737379768803328

[bobafett]

-[ANNOUNCEMENT]- New Pool from Burstcoin.de // http://pool.burstcoin.de

Pool Name – Burstcoin.de Pool
Pool URL – pool.burstcoin.de
Pool Mining Port – 8080
Min Payout 250
Fee 2%

Bonus 100.000 Burst after the first month, paid to all miners, that are active
DONE! Bonus 10.000 Burst after reaching 10 Miners
DONE! Bonus 10.000 Burst after reaching 20 Miners
DONE! Bonus 10.000 Burst after reaching 30 Miners
DONE! Bonus 10.000 Burst after reaching 40 Miners
DONE! Bonus 10.000 Burst after reaching 50 Miners
DONE! Bonus 10.000 Burst after reaching 60 Miners
DONE! Bonus 10.000 Burst after reaching 70 Miners
DONE! Bonus 10.000 Burst after reaching 80 Miners
DONE! Bonus 10.000 Burst after reaching 90 Miners
in progress Bonus 100.000 Burst after reaching 100 Miners
Bonus 100.000 Burst after reaching 200 Miners
Bonus 100.000 Burst after reaching 300 Miners
Bonus 200.000 Burst after reaching 400 Miners

Hardware Dual Quad Core Xeon with 3.0 Ghz, 24GB Ram
Internet 1GBit with DDos Protectoin
Fail Safe Replicated Host with Fallback

Geo location Germany
Quality Made in Germany
Pool Software Urays V2 pool modified and error fixed Version from Blago (thanks to blago for the support)

All my own miners already use the pool, with now over 160TB
Join and lets make some Burst together![/size]

Latest full configurated blago miner you the pool you find here: http://pool.burstcoin.de/howto.html
Just change the paths in the miner.conf

Bonus Payout for reaching 100 Miners will be splittet in 20 transfers of 5000 Burst
1. 5000 Burst payed: http://burstcoin.eu/transaction/13830737379768803328
2. 5000 Burst payed: http://burstcoin.eu/transaction/15870375208772073785

[mczarnek]

How about POD - Proof of Disk?

The name doesn't differentiate the product or describe what it is. Burst needs a name change.

The term "Capacity" is ambiguous. Proof of Memory makes more sense.

Change these two things and more people will join.

It's a harddrive coin not a RAM coin.

Note it doesn't nessecarily have to be one word.. could be POHD.. proof of hard drive.  Or Proof of drive capacity or something.  Just something to think about.

[yellowduck2]

Rebranding is a good idea. I am sure there are better name than burst which reflect the product.

[mczarnek]

Rebranding is a good idea. I am sure there are better name than burst which reflect the product.

I suspect Burst reflects the Bursts of energy when you are reading from the hard drive?  What kind of name would you go with?

Not convinced we need one,  I like Burst.  Btw, if you do find one you really, really like.. grab the domain names and hold on to them.  If you can get them cheap before someone squats on it,  I'm sure we could pay you back if we go with that name.

Look at Google and yahoo  and Microsoft,  etc, how many companies have a name that really represents them?

@bitladen keep in mind the largest account of Burst exactly matches percentage wise Satoshi's holding of total coin supply.

[crowetic]

Rebranding is a good idea. I am sure there are better name than burst which reflect the product.

I suspect Burst reflects the Bursts of energy when you are reading from the hard drive?  What kind of name would you go with?

Not convinced we need one,  I like Burst.  Btw, if you do find one you really, really like.. grab the domain names and hold on to them.  If you can get them cheap before someone squats on it,  I'm sure we could pay you back if we go with that name.

Look at Google and yahoo  and Microsoft,  etc, how many companies have a name that really represents them?

@bitladen keep in mind the largest account of Burst exactly matches percentage wise Satoshi's holding of total coin supply.

I own far too many BURST related domains to support brand change, not to mention people are starting to know BURST, and I'm pushing more than ever for the name to be recognized. There should NOT be a rebranding for the hell of it.

[crowetic]

-[ANN]- A simplified way to create a new BURST account for beginners!


I wanted to do this since we have an official web wallet now... So people can get into BURST easily...


Follow the following steps to create a new BURST account!


1. Go to the official online wallet here... https://wallet.burst.city:8125

2. Click 'returning user'

3. Make up a long password, and type it out in a TXT doc, don't LOSE it!

4. Paste the password into the returning user login area.

5. You now have a BURST ID, and pubkey! Copy them both, and save them somewhere. This is your BURST wallet!

6. Go to a faucet, and/or message me, and I'll start you off with some coins.

7. Once you get the coins, send one coin to a random BURST address. Feel free to use mine, or the burst.ninja bonus payout addy @ BURST-NJNA-VMCX-2WTH-AJLQX

8. Your BURST wallet is now officially yours forever, all you have to do now is NOT LOSE YOUR PASSWORD.


Enjoy being part of the most technically advanced crypto coin to ever exist! Thank you!

[bitladen]

@bitladen keep in mind the largest account of Burst exactly matches percentage wise Satoshi's holding of total coin supply.

You pretend you don't understand what I'm saying.
The bursts may be split within a few big holders, but what they all have in common is that they got the coins for way too cheap. This is because of the rapid pace of reward decrease. Also these coins were never sold, there wasn't enough volume on the market. So it's really cheap burst ready to dump.

I wouldn't mind if there are big holders, but the problem is there are big holders that can afford to dump at 10 satoshis and turn a profit. They got the coins too cheap.

With bitcoin it takes 4 years to half the block reward, and being the first coin, people didn't really expect it to skyrocket, so they kept selling the coins as time went. That's why it has a healthy market.

With burst you all wait for it to go to the moon, like bitcoin, but it's not going to happen, it's a different scenario here. The only way to save it is to increase the reward. I doubt this will end up making me a lot more btc, if you increase the reward, a lot more miners will join so the difficulty will rise, but it still interests me because it changes the balance of the coin holders. Miners get a chance to earn a decent % of the coin by mining it, and that will make the market healthy.  Sure, the price will go down, but the volume will go up, at the current volume you can't possibly expect to sell all your coins anyway, not even half. But increase the volume, and you may well be able to sell all your coins.

To you it appears that you lose soon to be millions worth of coins, but in reality, the price is going down, nobody is interested at the current state. Don't even argue about this! The market speaks for itself.

[Bobsurplus]

Ok, I think I wanna invest a bit in Burst... Can someone tell me in a paragraph or two, what burst has already accomplished, whats being done now and what the future looks like..

Thanks guys.

[bitladen]

Ok, I think I wanna invest a bit in Burst... Can someone tell me in a paragraph or two, what burst has already accomplished, whats being done now and what the future looks like..

Thanks guys.

I think I just did LOL. But if you still want to buy I have like 11 millions for sale maybe we can figure out a price that works for both of us

[mczarnek]

Ok, I think I wanna invest a bit in Burst... Can someone tell me in a paragraph or two, what burst has already accomplished, whats being done now and what the future looks like..

Thanks guys.

Don't listen to bitladen.. he's been trying to convince people that the Burst clone he's going to make will be better and scare people into dumping Burst

Actually maybe you should listen to bitladen and take those Burst off of him.

Short version:
Proof of Capacity is really nice because it's energy efficient (uses only 25% more energy than POS.. basically nothing but 30 times less energy than POW).

It is also ASIC resistant which means it'll be easier to acquire new coin holders over time as it should be profitable for every day people to mine and similar to a bucket, once they've invested a little bit, they are likely to buy more and use it.  It's also naturally more decentralized due to this ASIC resistance.

Also, Proof of Stake has some issues with it, there are no viable blockchain trimming algorithms at the moment.  Also you can not trustlessly point to a chain and prove it's correct because there are no difficult to create Proofs that let you trace it back to the genesis block.  And there are problems with the fact that everything relies on miners keeping their keys secret.


Long version (though this is a rewritten version of the paper and much shorter and to the point than the last version for other people!):
https://docs.google.com/document/d/1cLFDFqMP0hhD-5kngKCTZfXM6a24yDfhAbwdgL3BAsQ/edit?usp=sharing



Additionally, Burst has Automated transactions working, which are also known as smart contracts. First coin to get true smart contracts running, and they've been running for 4 or 5 months now.  Burst also has an asset exchange as well as a decentralized marketplace and messaging and all sorts of other goodies.  We've also got a few other features such as built in escrow, and subscription payments.

And there are some big plans for blockchain trimming and instant transactions and multi-sig and all sorts of stuff to come.  The core team of people working hard on this has grown to about 7 to 10 people.. then some others who are contributing to a lesser extent, because let's face it, everyone is busy with life.

By far the most undervalued coin out there.. but we're hoping to start marketing ourselves pretty heavily soon which should bring in more people.. we've barely marketed ourselves yet plus the initial heavy inflation has kept prices low.  Great time to get in, in my opinion.