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

[luxe]

quick question.

Has this coin been abandoned?  I downloaded the wallet and it has no internet connection. 

Service Temporarily Unavailable
The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later

This is what I get.

Downloaded and installed and nothing.

Something wrong or what?

Network is fine, we are decentral, there is no 'Service Temporarily Unavailable' ...
You probably try to access a Online-Wallet (via Windows Client) that is 'Temporarily Unavailable'.
You can use the local one instead (Switch inside the Windows Client)
or download the original Wallet https://mega.co.nz/#!PwwCyBAL!R89Dkzc6cn-tI-5CeNLeceEV7irgU1X4Brs8Lu-JGD8
or use another Online-Wallet via Browser: https://wallet.burst-team.us:8125/index.html

[Lenore]

Think I got it figured out.

I had to update JAVA and all that good stuff.

Got it to connect locally and its now downloading the block chain.

Do I have to wait for the block chain to plot?  I am guessing I have to.

Also do I have to send a Burst Coin somewhere to hold my address as mine?

[luxe]

Think I got it figured out.

I had to update JAVA and all that good stuff.

Got it to connect locally and its now downloading the block chain.

Do I have to wait for the block chain to plot?  I am guessing I have to.

Also do I have to send a Burst Coin somewhere to hold my address as mine?

You can start plotting while blockchain is still downloading ...

There are unlimited passwords leading to same address, once you do a outgoing transaction,
the address will be bound to the password used, and all other passwords will not work anymore.

Btw. you can download the zipped blockchain here: http://db.burst-team.us (thanks haitch)

[vytasz7]

how much do you want so sell to me? i will place an order for you... also you can sent it with a pn...

still no buy order on ae

[bobafett]

still no buy order on ae

sorry didnt notice you post above with the amount... thougt you sent me a pn....

wait a few minutes....

[bobafett]

What is it? A attempt to save Burst by creating an new asset and transfering all "old" balances to there to get new shares? 

-[ANNOUNCEMENT]-  Buyback Asset
AssetID: 15960505094502212264
Amount in total: 2.000.000
Initial price: 10

I want to introduce here my brand new Buyback Asset.

The Buyback Asset is based on the idea, that investors profit in four ways.

First way is, that based on a monthly payout that comes from sales of new share will be payout to the investors

Seconds way is, that the amount of shares will also be reduced, so that every month the amount of shares that gets payout from the first way will be lesser and lesser and because of that, the amount that will be payout for one share will become more and more, every month.

The second way will also help to increase the value of the shares for traders, so also the price for one share will increase.

Third way is that i buyback for the lowest price a holder wants to sell. so holders of the shares can determinate this price. Because of that that will be higher of the initial price, that the profit they have.

Fourth way is that initial price is 10. so that also little increases are good profits in percentage!

Phase 1:
Beginning with this post, 50% of the shares will bei available for purchase. This ends at first of february 2016, also if not all shares are sold.

Phase 2:
If all shares from Phase 1 are sold, then Phase 2 starts.
The next 50% will be sold equaly over at least the next 25 months (depends on who much from phase one was sold). For this a sell order is placed every first of the month.
The income from this sell will be used to payout the investors a monthly interest and buyback.

40% of the montly income will be used for the interest to pay out investors. This will be done after all montly shares are sold. (at least a few days after that)

40% for will be used for the buyback. I will buyback as much shares i can this this coins. Price is the price for that i can buyback. So its the lowest price someone wants to sell (open sell orders).

20% is for the asset management.

The income from Phase 1 is for backup and will be used, if in one month no new shares could be sold, so that the investors still get the interest.

FAQ
In case of no sell orders at the time of the monthly buyback, any amount not spent will enter into the amount offered for buyback in the following month and so on.

I should create FUNDasset and ask burst comunity just to fund my acc.

Hehe.

Yeah this 'buyback' asset is a pure ponzi scheme isnt it.
He shouldve just named it Ponzi, becuse its a textbook example.


However, Income and ByteEnt are real assets which generate actual income and use them to buy burst and pay dividends, and generating buy pressure for burst is extremely helpful to its future.

if its a ponzi cheme depends on what price the investors are willing to sell the shares. if the price that investors are willing to sell back to me are every time higher than the initial price of 10 AND all shared planed to sell would be bought from investors, then yes. but this both situations must occure very month in a row of 25 month, which is extremely unlikely. there will be month, nobody buys the shares, so the payout will be done from the first 50%, then the price for one share will drop because of that and so on.

Because of this, there will be several good trade chances with a garanteed 40% income, backed by the initial raised 50%. So you have a speculative component and a garanteed component.

What other asset do you know, that guaranties a monthly permanent payout that you can be sure to get every month at least x burst per share for at least the next 25 months and in best case for investors for 62 month.

you point on income and byteent. sure thats good assets. but can you really calc your income? no you cant, it can drop next month to zero, what i dont hope, because i also own income, and thats it.

[KhalDrago]

1000+ pages and not even in top 100 marketcap. its save to say burstcoin is a waste of time.

[bobafett]

Announcement:

BdeBank Asset will be discontinued. As written in terms, i will buy back all shares offered the next seven days. For this please add a sell order with a price of 45 for one share, as written in terms.

[stacey2911]

Does anyone know what's going on with Cryptomining Farm's HASH Asset? No payouts in 2 months, website is down, no updates, no volume on AE.

[Irontiga]

Does anyone know what's going on with Cryptomining Farm's HASH Asset? No payouts in 2 months, website is down, no updates, no volume on AE.

I believe you can trade it in....

https://www.cryptomining.farm/faq Signup ref link https://www.cryptomining.farm/signup?referrer=564D0F4A8B116

[stacey2911]

Does anyone know what's going on with Cryptomining Farm's HASH Asset? No payouts in 2 months, website is down, no updates, no volume on AE.

I believe you can trade it in....

https://www.cryptomining.farm/faq

Have they discontinued payouts for the asset? I haven't seen announcements or info regarding anything. I see that I can trade the various assets they offer for hash power on their website, but I would rather trade the asset back for BURST if they are no longer paying it out.

[Irontiga]

Does anyone know what's going on with Cryptomining Farm's HASH Asset? No payouts in 2 months, website is down, no updates, no volume on AE.

I believe you can trade it in....

https://www.cryptomining.farm/faq

Have they discontinued payouts for the asset? I haven't seen announcements or info regarding anything. I see that I can trade the various assets they offer for hash power on their website, but I would rather trade the asset back for BURST if they are no longer paying it out.

Best you can do is trade or sell on AE i'm afraid.

P.S. I have a ref link https://www.cryptomining.farm/signup?referrer=564D0F4A8B116

[Faust Roland]

Announcement:

BdeBank Asset will be discontinued. As written in terms, i will buy back all shares offered the next seven days. For this please add a sell order with a price of 45 for one share, as written in terms.

Just reminding the "terms"

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.

floor(50*0.99^(9))=45

Thanks for your effort.

[mrnuflo]

Hello,
 I've tried several days but I the faucet seems not to be working, yesterday and the day before yesterday I got the error message that I had to wait for 22 hours. And I have just got the same error again. Could you please send me some burst? thank you


BURST-AAYP-EEWW-2E7Q-6MF2H 

[Irontiga]

Hello,
 I've tried several days but I the faucet seems not to be working, yesterday and the day before yesterday I got the error message that I had to wait for 22 hours. And I have just got the same error again. Could you please send me some burst? thank you

Well...i'm going to need your address.....

But i tested both faucet.burstcoin.info and income.burstcoin.info and both are working well....

EDIT: Sent you some

[Blago]

Hello,
 I've tried several days but I the faucet seems not to be working, yesterday and the day before yesterday I got the error message that I had to wait for 22 hours. And I have just got the same error again. Could you please send me some burst? thank you


BURST-AAYP-EEWW-2E7Q-6MF2H 

https://block.burstcoin.info/acc.php?acc=BURST-AAYP-EEWW-2E7Q-6MF2H

[Ombc]

Hello I have a problem with making a plot i have an error that say when i make a plot
No internet connection
but i have internet and i have restart the program but it don't work
please can anyone help my?

[Elmit]

Hello,
 I've tried several days but I the faucet seems not to be working, yesterday and the day before yesterday I got the error message that I had to wait for 22 hours. And I have just got the same error again. Could you please send me some burst? thank you

You can always try: http://burst.mininghere.com/faucet.php

[Blago]

Hello I have a problem with making a plot i have an error that say when i make a plot
No internet connection
but i have internet and i have restart the program but it don't work
please can anyone help my?

Can we to see your screenshots / command line / *.bat / config / program name?

[daWallet]

Hello I have a problem with making a plot i have an error that say when i make a plot
No internet connection
but i have internet and i have restart the program but it don't work
please can anyone help my?

It's a problem for everyone who wants to plot with the client now.

The client checks: http://wallet.burst.city:8125/burst?requestType=rsConvert&account=BURST-YZJ6-LYBY-WAC6-BQYGC

but somehow http://  (not https://) got deactivated and broke account number conversion and the check if internet connection is available.

Crowetic and Catbref will hopefully fix that soon.

Edit: If it won't be fixed in the next 24 hours I'll release a new version.