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

[qratzpalatz]

So you think SoloMining with 20TB is worth it? it mostly depends on Luck i know, but overall...what you would prefer? and with which HDD Capacity you would go Solomining?

I wouldn't even try to solomine with 20TB now....

But for pool mining 20TB it's good....for now

[Cocakiko]

In https://github.com/r-majere/mjminer

Where I can find -k KEY ? I only have my wallet is : BURST-94FP-55T7-4HRW-8PK79

[IncludeBeer]

So you think SoloMining with 20TB is worth it? it mostly depends on Luck i know, but overall...what you would prefer? and with which HDD Capacity you would go Solomining?

I wouldn't bet on solo until you have >150tb.

[Grroin]

I am confused at how the shares are computed on burstcoin pools. I am new to burstcoin and to cryptocurrencies in general, and probably naive, so I would appreciate any explanation here.

Looking at the available pools for mining burstcoin, I noticed that most of them (if not all) use one of two formulas for converting deadlines into shares:

1: share is proportional to 1/deadline^0.75 (burst.lexitoshi.uk, pool.burstcoin.ml, pool.burstcoin.ro, ...)
2: share is proportional to 1/deadline^1.2 (burst.ninja, pool.burstcoin.eu, pool.burst-team.us, pool.burstcoin.sk, ...)

Suppose that I have P terabytes of plots. If I got it correctly, my deadlines are independent exponentially distributed random variables with rate proportional to P.

I did a rough computation and obtained that expectation of the share I receive is proportional to:

1: P^0.75
2: P^1.2

Both cases seem equally strange. Imagine that Bob mines with 1TB and Alice mines with 10TB. Then

1: Alice gets significantly less shares per TB than Bob (by a factor of 10^(0.75-1) = 0.56)
2: Alice gets significantly more shares per TB than Bob (by a factor of 10^(1.2-1) = 1.58)

And if Bob mines with 1 TB but Alice mines with 100TB, the difference in payouts per terabyte is much greater (by factors of 0.32 and 2.51 respectively)!

In this situation, an obvious strategy would be to mine with many workers with small plots on the pools with the exponent 0.75, or to cooperate with others and mine with one account with huge plots, and dominate the pool with the exponent 1.2.

Another issue is that some pools do not accept large deadlines. It also does not seem right, but I did not make any estimates of the effect of this.

I hope I am wrong somewhere, I would be grateful for any feedback and clarifications.

[QuintLeo]

So basicly CPU Plotting is way better because of the Optimizision from the Plots. I was trying both, GPU is way faster but it seems i have some Corrupted Chains sometimes.

 Depends on the plotter - wplotgenerator does NOT optimise plots, IME with it.

[QuintLeo]

I don't know why there are many newbies asking for 1 Burst coins. Right now Burst coin can mine through POS also.
Can anyone answer I am a little bit confuse about this Burst coin mining? Because many people kept talking burst coin fee and mining.

 You need 2 coin to set your address up for use with a pool (one for the actual setup, one for the transaction fee) as I recall.

[unsoindovo]

Hello again everyone! I've been noticing a lot of the Burstcoin pages have been down or slow a lot lately...I'm sure that'll be fixed soon though.

I did, however, make Burstcoin Calculator for anyone that is interested. Works the same as the existing one, so nothing special. Also BURST to BTC/USD/EUR

I would think to make the calculator better, it would be nice to take in trending data from the network difficulty, and transaction fees...that's a lot more complicated though.

your calculator is nice.. but it have the problems of all other burst profit calculators... is not accurate and could be misleading.
I have 60TB plotted and i'm mining 24H on pool.
i read all 60TB in less than 65secs average...
but i'm not able to do more than 275/285 burst/day.

[JohnBitCo]

Burst payputs are not as complex as the pool systems for other coins, but there is little info about it and it is displayed in a pretty hard to read system.  But, most pools use one of a couple site templates, so they all are about the same. 

[qratzpalatz]

Burst payputs are not as complex as the pool systems for other coins, but there is little info about it and it is displayed in a pretty hard to read system.  But, most pools use one of a couple site templates, so they all are about the same. 

Or if you use AIO wallet miner does almost everything for you.

[cyberspacemonkey]

Hello again everyone! I've been noticing a lot of the Burstcoin pages have been down or slow a lot lately...I'm sure that'll be fixed soon though.

I did, however, make Burstcoin Calculator for anyone that is interested. Works the same as the existing one, so nothing special. Also BURST to BTC/USD/EUR

I would think to make the calculator better, it would be nice to take in trending data from the network difficulty, and transaction fees...that's a lot more complicated though.

your calculator is nice.. but it have the problems of all other burst profit calculators... is not accurate and could be misleading.
I have 60TB plotted and i'm mining 24H on pool.
i read all 60TB in less than 65secs average...
but i'm not able to do more than 275/285 burst/day.

That's weird, I get the same amount and I have 40TB only but I guess it's a matter consistency and no mining calculator is able to predict change in price or difficulty but the calculator works as good as the one from burstcoin.biz

[unsoindovo]

Hello again everyone! I've been noticing a lot of the Burstcoin pages have been down or slow a lot lately...I'm sure that'll be fixed soon though.

I did, however, make Burstcoin Calculator for anyone that is interested. Works the same as the existing one, so nothing special. Also BURST to BTC/USD/EUR

I would think to make the calculator better, it would be nice to take in trending data from the network difficulty, and transaction fees...that's a lot more complicated though.

your calculator is nice.. but it have the problems of all other burst profit calculators... is not accurate and could be misleading.
I have 60TB plotted and i'm mining 24H on pool.
i read all 60TB in less than 65secs average...
but i'm not able to do more than 275/285 burst/day.

That's weird, I get the same amount and I have 40TB only but I guess it's a matter consistency and no mining calculator is able to predict change in price or difficulty but the calculator works as good as the one from burstcoin.biz

hi!! where are you mining?
i'm mining on lexitoshi.
and how secs do you need to read all plots??
thank you

[Grroin]

My post
https://bitcointalk.org/index.php?topic=731923.msg19892877#msg19892877
explains how payouts per terabyte can be very different for people mining on pools.

unsoindovo, it is no surprise that you are getting low payments with 60TB on lexitoshi. They give more payouts to small miners.

[Cocakiko]

https://i.imgur.com/n4erUFt.png

I already to config solo mi/ning with my network hdd. but why it say "missing passphrase". How can fix it? add passphrase in client or my private pool?

[Real-Duke]

"New Block 2381"?   

[Cocakiko]

https://i.imgur.com/n4erUFt.png

"New Block 2381"?   

Ya. I already  to setup mining solo with multi pc in this link 

https://docs.google.com/document/d/169uur9nNloGYndtVMGfUtzur1-J0GBHQcMhA9hO1WRk/edit

I don't understand why I say newblock 2381 and missing passphrase. Are you want my log?

[daadog]

Getting 6x8TB today to start mining, I also mine ethereum on the same PC with 3 cards. Will it still work fine? Is it a mess setting up or is it easy ?

For the record I have a i5-6600k cpu and 16gb ram.

[unsoindovo]

Getting 6x8TB today to start mining, I also mine ethereum on the same PC with 3 cards. Will it still work fine? Is it a mess setting up or is it easy ?

For the record I have a i5-6600k cpu and 16gb ram.

same setup here...
use all power of your miner..
if it need to be on, use it to mining all you can ;-)

[daadog]

Getting 6x8TB today to start mining, I also mine ethereum on the same PC with 3 cards. Will it still work fine? Is it a mess setting up or is it easy ?

For the record I have a i5-6600k cpu and 16gb ram.

same setup here...
use all power of your miner..
if it need to be on, use it to mining all you can ;-)

So you're saying it works fine?

[Qunenin]

I cannot begin to fully explain it, but bear in mind that there are two scenarios for a pool for any block.  If someone in that pool solves the block, then most of the numbers that you have been looking at as it was solved are true.  When another pool solves the block, the amount of time that each miner has been in your pool consistently will have some bearing. 

[taxmanmt5]

The four confirmation system makes pool jumping an issue, so once you find one that fits your scale, stay there.  Generally, after the plotting is done, faster CPU's and larger amounts of RAM can handle larger plots.