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Author Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000  (Read 2167034 times)
Abiky
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December 29, 2015, 12:26:50 AM
 #24081


Right now the website the information was on is down, being moved to a new host, and redesigned for the new year. But... There's a post here in this monster thread by yours truly explaining how it all works. But ByteEnt is very simple.

1. It is full amount mined by this account https://block.burstcoin.info/acc.php?acc=BURST-38PQ-L823-MW5K-8Q4Y7 - which as you can see on the pool page, http://burst.ninja - the total mined is 1.6 million and counting.

2. it is the full payout from the burst.ninja fee wallet... https://block.burstcoin.info/acc.php?acc=BURST-L5N4-52G6-T78P-BBZ3P - that will always have a payout from this because it is a fee that miners pay to mine on the pool.

3. There is some ad revenue generated from the blockexplorer (block.burstcoin.info) which is also owned by ByteEnterprises, that is put into the payout as well.

4. ByteEnt is one of the only assets that has been paying solidly for almost the entire time BURST has been in existence.

5. There will be other forms of income directed at ByteEnt, as well as another asset released by me in the coming weeks. The holidays took a serious toll on my monetary situation, but things should be back on track, and moving forward nicely in the coming weeks. I've still yet to think on exactly how I will structure the payouts from the release of my next asset, likely in my namesake, that will be both a share of stock in my company, and will provide payouts based on a percent of my company's income (I'm thinking it will be easiest for me to calculate it based before expenses, which ends up better for everyone anyway. hah.)


So yea, ask anyone invested into ByteEnt, if it has ever missed a payment, then ask people if they know who I am and what I stand for. Then you'll know that investing in me or my team and our projects, will never let you down.


Here's to a fantastic 2016 for BURST!


PS - looking into active developers for BURST team, there WILL be some core changes in 2016.

Wow I am impressed by all the features this asset has. I have been analyzing the given BURST addresses (burst ninja and burstcity1) and they promising. I have invested some BURST into it. I'm pretty sure I will be completely satisfied with my investment.  Grin

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December 29, 2015, 12:46:58 AM
 #24082

Is anyone else receiving dividend payments on the Asset Debenture?

Hey now that you mention the word "asset", where I can find some assets to invest into? How does it really work? Can somebody please provide me some tips about this? Sorry for asking, but I am relatively new in the Burst world.  Grin

There are a list of assets listed on block.burstcoin.info.  There are a few to pick from.  Please becarful on which ones you pick as some arent active, some may be scams.  However there are a few that are going good.  Playground, Playgrouund, PGround3 are all mine.  And are going well you can find all the info you need on The playground. Loads of features that will get you returns.  You can read the [ANN] here: https://bitcointalk.org/index.php?topic=1294886.0.
You can see this phase here on the advsnced block explorer as well. https://block.burstcoin.info/as.php?as=1046442228061264624

However there are othrr good assets, byteent, income are to name a couple.

If you have questions please feel free to ask.  

Hey thanks for the information! I have been browsing through the list of available assets to invest Burst into, and found ones that I seem to be pretty interesting. I think I'm investing into Playground asset and Income asset.  Smiley

ByteEnt is my asset (and irontiga), based on over 30TB of mining power run by me, AND the income generated from the pool fee on the largest BURST pool http://burst.ninja

Just saying. heh.

I am in planning stages on release of another asset based on my personal computer business, which I believe will end up being popular too. It will also put direct BTC into BURST, to assist the price.


ByteEnt should grow soon too, I'm thinking of various ways to put more into the monthly payouts.

Great! Seems like a very interesting asset to invest into. I have some spare BURST on my wallet and I might give this a try. By the way, do you know where to find the asset announcement page (if there is any) to find out more information about dividends payouts and other stuff?  Smiley

Asset announcements were going on the old burst forum, which was shutdown unexpectedly.

New announcements can go over on the new forum (which won't be going away) at: http://forum.burstcoin.info:4567/category/6/asset-exchange

H.




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December 29, 2015, 01:02:12 AM
 #24083

BURST is still a total crapcoin and waste of time.  It will never make a profit.
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December 29, 2015, 01:24:44 AM
 #24084

BURST is still a total crapcoin and waste of time.  It will never make a profit.

Umm. Ok.  U make profit posting stupid things?  If you yhink u wont make profit.  Just stay awsy from it.  Its the concept that im interested in.  HDD mining without spending thousands on Sha hardware.  Emm loads of profit to be made in time.  Low ROI.  Sounds good to me. 


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December 29, 2015, 01:32:21 AM
 #24085

BURST is still a total crapcoin and waste of time.  It will never make a profit.

I am absollutelly disgree with your phrase, Burst is a really interesting coin with some smart new features, good devs and a really positive community, there are literally hundred of worst coins than burstcoin, if you think it is not a good investing please elaborate it and say why
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December 29, 2015, 01:44:35 AM
 #24086

Quick update for Playground investors

Just a quick update as to where we are ate and what percentages you may hold on the sold assets

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December 29, 2015, 06:34:56 AM
 #24087

I also think I found another investment site that can bring about 0.02BTC extra /day which is almost free , but it's not scaleable, so if we manage to do that that can bring about another 0.1BTC /week into the fund.

Whats the site?  If its something I could do too I will take that btc every day and buy burst with it.

Sorry it's not a site, its more like an investment plan. I cannot reveal it, the more people know about it the less profit it makes Wink

But i will use all profit from it to help BURST and INCOME.

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December 29, 2015, 12:42:04 PM
 #24088

Here is a collection of all BURST faucets currently available, if I missed any please signal it.

https://bitcointalk.org/index.php?topic=1233458.20

I hope more people will use them and discover BURST in the meantime!

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December 29, 2015, 09:01:32 PM
 #24089

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.

BitFinex, best trading platform ever.
Register here: https://www.bitfinex.com/?refcode=53wNhi4gTx
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December 29, 2015, 09:05:08 PM
 #24090

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


I have made a research and so far it is not profitable due to the fact that you will spend more on HDD hardware, and electricity. Also, the fact that BURST is extremely cheap right now makes it hard to reach ROI mining it with HDD. To test my theory, you can go to http://burstcoin.biz and see for yourself.

But if the price of BURST would go up, then I think you would ROI faster when mining with your HDD.  Roll Eyes

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December 30, 2015, 12:34:35 AM
 #24091

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


It would make sense to sell ur hdd and use the money to buy burst instead. Once the price goes up, sell ur burst and buy back hdd to continue mining
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December 30, 2015, 01:56:16 AM
 #24092

The price really needs to go up.  And I hope that it does soon.  I think it will but others need to get involved.

Hiwever I do have to say burst is higher then rdd, byte, and a few others.

Lol.  I have a old pc cpu mining bytecoin. Mine also 2k aday.  But only at like 4sat.

The only thing I see that may deter people from burst is the amount of space you need to mine.  Otherwise its an awesome coin.

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December 30, 2015, 02:49:39 AM
 #24093

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


Yes burst has become incredibly undervalued.  People should be turning off some (not all) miners and using the money saved in electricity costs to buy burst on exchanges instead, which will help the price.
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December 30, 2015, 08:13:13 AM
 #24094

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


Yes burst has become incredibly undervalued.  People should be turning off some (not all) miners and using the money saved in electricity costs to buy burst on exchanges instead, which will help the price.

Sounds like a great idea....that way you can mine more burst due to the lower net diff, and get more per burst you sell! Stopping mining is a terrible idea. The whole goal of mining is to secure the network, so do it! Use burst's asset exchange, create assets, link them to real world things. Buy and trade assets. That's how you can help burst. Oh, and spread the word and buy burst, also not bad ideas.
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December 30, 2015, 08:36:21 AM
 #24095

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


Yes burst has become incredibly undervalued.  People should be turning off some (not all) miners and using the money saved in electricity costs to buy burst on exchanges instead, which will help the price.

Sounds like a great idea....that way you can mine more burst due to the lower net diff, and get more per burst you sell! Stopping mining is a terrible idea. The whole goal of mining is to secure the network, so do it! Use burst's asset exchange, create assets, link them to real world things. Buy and trade assets. That's how you can help burst. Oh, and spread the word and buy burst, also not bad ideas.

Use:
1. Assets exchange
2. Create assets
3. Create services / sell products for Bursts
4. Use Burst Crowdfunding
5. Use Lotteries
6. Use / sponsor Faucets
7. Use / promote subscriptions
8. (Shh) I am working on it
9. (Shh) I am working on it


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
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December 30, 2015, 12:36:03 PM
 #24096

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


Yes burst has become incredibly undervalued.  People should be turning off some (not all) miners and using the money saved in electricity costs to buy burst on exchanges instead, which will help the price.

Sounds like a great idea....that way you can mine more burst due to the lower net diff, and get more per burst you sell! Stopping mining is a terrible idea. The whole goal of mining is to secure the network, so do it! Use burst's asset exchange, create assets, link them to real world things. Buy and trade assets. That's how you can help burst. Oh, and spread the word and buy burst, also not bad ideas.

We need to buy more Burst and increase trading activity to help its price go up all the way to the moon. If we manage to advertise and promote Burst's excellent features, more people would become interested in it, and thus there will be more demand. So for now instead of mining for profit, just buy Burst until price goes up and then go back to mine them. Just my opinion.  Grin

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Lenore
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December 30, 2015, 04:36:05 PM
 #24097

Burst price is more than below electricity bill not to mention ROI.
How and why is this possible?
I cannot make 0,18 BTC on this price per month in BURST, while need 150$ for electricity.


I agree with you.  May not be getting more people involved.  It may just be getting or finding a way to use burst.

I know there are many coins out there with less features that are worth more.  Would be nice to see a mas burst shopping spree and everyone buys burst to drive the price up. 

Someone should sell some HDDs or something for burst.  Emmm.   Lol.

Yes burst has become incredibly undervalued.  People should be turning off some (not all) miners and using the money saved in electricity costs to buy burst on exchanges instead, which will help the price.

Sounds like a great idea....that way you can mine more burst due to the lower net diff, and get more per burst you sell! Stopping mining is a terrible idea. The whole goal of mining is to secure the network, so do it! Use burst's asset exchange, create assets, link them to real world things. Buy and trade assets. That's how you can help burst. Oh, and spread the word and buy burst, also not bad ideas.

We need to buy more Burst and increase trading activity to help its price go up all the way to the moon. If we manage to advertise and promote Burst's excellent features, more people would become interested in it, and thus there will be more demand. So for now instead of mining for profit, just buy Burst until price goes up and then go back to mine them. Just my opinion.  Grin

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December 30, 2015, 05:43:52 PM
 #24098

Is there an active block explorer besides block.burstcoin.info.  One that I can actually see the blocks that were generated.  The ones I found arent working and the last block shown was almost 2 months ago.

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December 30, 2015, 08:04:59 PM
 #24099

What happens when all of the coins are mined? Over half of all coins have been mined currently, right? How will the network stay secure when people will not run nodes since there are no more coins to mine? Transaction fees alone will not be enough incentive.

I am just trying to understand the long-term issues related to the coin supply.

There is no reason people will want to hold Burst, what can you do with it besides buy a handful of assets or maybe gamble. Sure it is a great alternative to traditional BTC mining being energy efficient.  The technical details of the coin in my opinion prevent it from being a currency or anything to compete with other solutions.

In the long run people will not want to waste hard drive space instead of power for the sole act of "mining". Other solutions that make use of hard drive space like Siacoin (already on production network, can earn by providing file storage space), Storj, maidsafe, ETH. There is no way Burst will be able to compete with those solutions.

I have been mining and holding Burst since the start like many here. I have enjoyed mining Burst but have a realistic outlook about it and not live in dreamland like people will prefer it over other solutions. You ask......why don't I do something to help it become a success. The answer is simple. I do not believe it can be a success due to the above reasons and other up an coming competition. Frankly, it is not worth saving.
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December 30, 2015, 08:28:56 PM
 #24100

There is no reason people will want to hold Burst, what can you do with it besides buy a handful of assets or maybe gamble. Sure it is a great alternative to traditional BTC mining being energy efficient.  The technical details of the coin in my opinion prevent it from being a currency or anything to compete with other solutions.

In the long run people will not want to waste hard drive space instead of power for the sole act of "mining". Other solutions that make use of hard drive space like Siacoin (already on production network, can earn by providing file storage space), Storj, maidsafe, ETH. There is no way Burst will be able to compete with those solutions.

I have been mining and holding Burst since the start like many here. I have enjoyed mining Burst but have a realistic outlook about it and not live in dreamland like people will prefer it over other solutions. You ask......why don't I do something to help it become a success. The answer is simple. I do not believe it can be a success due to the above reasons and other up an coming competition. Frankly, it is not worth saving.

Anyone following this thread should see a good reason to continue holding Burst.  Sure, committing resources to mining it is still a bit of a gamble, but holding what you've already got is basically a no brainer with the potential gains that could be realised.  Beats selling at these prices, anyway, heh.

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