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

[BurstIncomeAsset]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

Until then investors don't want to see their purchasing power evaporating (due to BURST price decrease).

I agree that asset investment is a smart move, if the asset is somehow generating value. Holding burst will get you your money back down the line, but owning an asset means you will get part of the earnings of a company that has used your investment to buy income generating equipment.

Well I`m already doing this. My asset is invested in casino investment programs (not gambling) where you invest in the house bankroll and gain half of the earnings of the house distributed amongst "bankroll shareholders".

Currently we earn about  0.24224% ROI daily of the funds, which is not much but its neither a HYIP, nor a sluggish earning. It can generate over 7% ROI monthly which I think is a pretty safe and steady return.

Plus it's even better than that because the assets are always valued 5x or 10x more than the funds they got, so currently we got 0.415 BTC, and the market cap of INCOME can easily go to 4.15 BTC, relative in BURST price.

So its a double earner, once you earn from the dividends, and secondly you earn from the price increase of the asset, if you bought first.

[bitladen]

Oh, how I love these smart-asses, stating the obvious.

that's actually good progress, until now they've been trying to hide from the obvious.

I'm trying to make use of the integrated market place, you wisenheimer.

And the price per TB is half that of new disks. It depends on your local energy
costs if this is a viable alternative to buying new Harddrives. If so, voila,
32 TB added to the net.

Good work! I'd buy from you, but I prefer to remain anonymous. That's not a crime, especially considering that we are in the crypto community.

I may yet buy, cheap raids are hard to come by. But I won't be using D9G24  If I do, next thing you know, they'll call homeland security on me.

[wmikrut]

Not to pull away from the topic at hand, but I do have a real Burst Q.
I run my drives off an older Dell Power Edge Server running Windows 2003... an older version of windoze.

I have reasons to keep this on 2003 at the time -- and will at some point in the future will upgrade to a later version of Windoze server.
For now... what would be the best miner to use?

Currently I run a virtual server and use blago's miner... which works... but the virtual server is a horrendous draw on system resources.
Of course -- the newer miners require a later version of Windoze to run directly.

Should I just stick with the original Java version... or is there a better alternative?

[haitch]

Not to pull away from the topic at hand, but I do have a real Burst Q.
I run my drives off an older Dell Power Edge Server running Windows 2003... an older version of windoze.

I have reasons to keep this on 2003 at the time -- and will at some point in the future will upgrade to a later version of Windoze server.
For now... what would be the best miner to use?

Currently I run a virtual server and use blago's miner... which works... but the virtual server is a horrendous draw on system resources.
Of course -- the newer miners require a later version of Windoze to run directly.

Should I just stick with the original Java version... or is there a better alternative?

You could try Luxe's java GPU miner. https://cynin.burst-team.us:446/home/public/files/luxes-gpu-miner-for-windows

[pinballdude]

If you think this coin is a bit heatead atm and have a lot of them, right now there are 3.4 bitcoins worth of buy orders at 25 sat and above. Often it is not possible to exit so many burst wo driving price down a lot.

just fyi

i bot 600K at 26 and have no plans of selling

[riskyfire]

Increasing the block reward will NOT increase anyones earnings or profit, it will only increase inflation and Burst will be worth less per coin.

The is the same problem as with fiat currencies. Money printing does not increase value, it dilutes and reduces the purchasing power of each unit.

Does anyone have any evidence of money printing increasing a currencies value?

I don't understand why this keeps getting brought up!

We need unique features, good and services that can only be purchased using Burstcoin. This is where the value will come from.

[wmikrut]

Not to pull away from the topic at hand, but I do have a real Burst Q.
I run my drives off an older Dell Power Edge Server running Windows 2003... an older version of windoze.

I have reasons to keep this on 2003 at the time -- and will at some point in the future will upgrade to a later version of Windoze server.
For now... what would be the best miner to use?

Currently I run a virtual server and use blago's miner... which works... but the virtual server is a horrendous draw on system resources.
Of course -- the newer miners require a later version of Windoze to run directly.

Should I just stick with the original Java version... or is there a better alternative?

You could try Luxe's java GPU miner. https://cynin.burst-team.us:446/home/public/files/luxes-gpu-miner-for-windows

Unfortunately that requires java 8 and OpenCL to be implemented.
This machine is incapable of upgrading to Java 8... well, not incapable... but not recommended.

That plus my PES does not have a PCIex Backplane.
I do have a PCIEex Backplane but was planning on installing it when I upgraded to a newer windows server version.

[pinballdude]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

[bitladen]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

[8-bit-Party]

hey bitladen
why don't you just go fuck yourself?
thanks

[wmikrut]

Wow... that was... uncalled for.

[bitladen]

hey bitladen
why don't you just go fuck yourself?
thanks

I don't want to.
But here's a better one for you. Why don't you buy some BURST?

[8-bit-Party]

oh wait
this is stupid blackmailer
actually no proof he can do anything
there's only one message community should send to him
it's: "fuck you"

[BurstIncomeAsset]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Well my asset can protect you fully against BURST inflation.

With current daily ROI average (estimate) of 0.1844%, we make 5.6825% growth monthly. Now the daily ROI average is only an estimate based on last week's data, so to be pinpoint precise we probably need 1-2 weeks more worth of data.

And this ROI will stay constant until SatoshiDice has players, which is gaining more are more users and more importantly more profits every day, with some small dips once in a while.

https://www.satoshidice.com/

And if the BURST inflation decreases ,then it will be even more net profit later on.

[ANN] Income Asset - Decentralized Referral Empire based Income

[pinballdude]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

i don't think you can multiply by BTC inflation. If BTC for instance had an immediate inflation of 1000% for some reason (bitladen succedding in 51% attack on BTC and changing parameters)  then what would happen, would be that burst price would hold steady against euro, usd , gold etc, but would rise a lot against BTC.  So the BTC inflation does not affect BURST, if BTC went apeshit crazy, we would just exchange burst for other things like usd, eur, gold, litecoin, nxt, whatever ;-)


If US government declares cryptocoins illegal i'll laugh at the stupid statist socialist americans that keep voting populist crony capitalist idiots into power.

I'm not american, i was considering moving over in the 80s, but by now it is way to centralized and statist and socialist for my taste. the us taxes its citizens worldwide, you can't even leave the country and be left alone.

[wmikrut]

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.

Sure but how long would this mining phase last? 1 year, 5 years?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

i don't think you can multiply by BTC inflation. If BTC for instance had an immediate inflation of 1000% for some reason (bitladen succedding in 51% attack on BTC and changing parameters)  then what would happen, would be that burst price would hold steady against euro, usd , gold etc, but would rise a lot against BTC.  So the BTC inflation does not affect BURST, if BTC went apeshit crazy, we would just exchange burst for other things like usd, eur, gold, litecoin, nxt, whatever ;-)


If US government declares cryptocoins illegal i'll laugh at the stupid statist socialist americans that keep voting populist crony capitalist idiots into power.

I'm not american, i was considering moving over in the 80s, but by now it is way to centralized and statist and socialist for my taste. the us taxes its citizens worldwide, you can't even leave the country and be left alone.

Nope.  They even tax you on income made while you're out of the country.
Which I don't understand.

[yeponlyone]

This damn thread... Gone for a day and there are four pages to read (even without Elmit )


@bitladen, so you are gonna clone BURST...? Finally

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.


Btw:

Why be afraid of a clone or new coin-fork with some tweaks and other features? Since when has competition been bad?


Evolution, baby  

Edit, perhaps make a pre-ANN were you describe your planned changes and get some feedback..? Perhaps even some new ideas and improvements can be the result. One other reason for doing that is that this is the BURST thread, not a clone-BURST thread

[bitladen]

This damn thread... Gone for a day and there are four pages to read (even without Elmit )


@bitladen, so you are gonna clone BURST...? Finally

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.

What part of open source didn't you get?
Besides, I hope luxe will review the code. He seemed interested in the idea.

[yeponlyone]

This damn thread... Gone for a day and there are four pages to read (even without Elmit )


@bitladen, so you are gonna clone BURST...? Finally

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.

What part of open source didn't you get?
Besides, I hope luxe will review the code. He seemed interested in the idea.

I didn't know you would do it open source. Great if you do And the fact that I missed it, yet another reason for a separate thread for the pre-clone discussions.

[yeponlyone]

Yes it fluctuates but seems like the network size is decreasing again: