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

[neite99]

Hi peeps,
             Have any of you tried using portable usb 3 drives? i can get hold of some 2tb ones for just over £40!!!!
 I'm using usb3 sata bridges at the moment and they're working but being powered by mains not sure how usb powered
 drives would affect mining. any thoughts? might just grab one tomorrow and find out.
 worst case scenario spare drive I suppose.
 

edit:
also being portable drives I'm presuming they're 5400's anyone tried using 5400's?

As long as they are USB 3 your good to go. The dev talked about this too.

It will take you a LONG time to write the plots so get them as soon as you can if you are going to. I would build plots for the pool rather than for solo mining too.

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[neite99]

Wow. You guys are just giving the BURST away on the asset exchange.

Don't come crying here later 

[luxe]

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

I think the 'Total Balance' contains only 'Guaranteed Balance' 1440+ confirmations ... so if you add it up 1440*10000+'Total  Balance' you are in the same range than BlockCount*10000 ... not sure what happens with coins going to BURST-2222-2222-2222-22222 (added to next block?) ... just my interpretation ...

[saamxx]

Wow. You guys are just giving the BURST away on the asset exchange.

Don't come crying here later 

We will  never... And what about you?

[Irontiga]

Is the pool down?

[neite99]

Wow. You guys are just giving the BURST away on the asset exchange.

Don't come crying here later 

We will  never... And what about you?

Thats a very vague response. 

I wont have a reason to cry about it 

[CryptoHobo]

Hi peeps,
             Have any of you tried using portable usb 3 drives? i can get hold of some 2tb ones for just over £40!!!!
 I'm using usb3 sata bridges at the moment and they're working but being powered by mains not sure how usb powered
 drives would affect mining. any thoughts? might just grab one tomorrow and find out.
 worst case scenario spare drive I suppose.
 

edit:
also being portable drives I'm presuming they're 5400's anyone tried using 5400's?

As long as they are USB 3 your good to go. The dev talked about this too.

It will take you a LONG time to write the plots so get them as soon as you can if you are going to. I would build plots for the pool rather than for solo mining too.

thanks  

roughly 1.2tb already plotted but i only had 2 spare 1tb drives reaching the limit. Probably stay solo for now tbh, 15 blocks so far
also have 3 computers i can generate plots with so it doesn't take too long

[crowetic]

Hi peeps,
             Have any of you tried using portable usb 3 drives? i can get hold of some 2tb ones for just over £40!!!!
 I'm using usb3 sata bridges at the moment and they're working but being powered by mains not sure how usb powered
 drives would affect mining. any thoughts? might just grab one tomorrow and find out.
 worst case scenario spare drive I suppose.
 

edit:
also being portable drives I'm presuming they're 5400's anyone tried using 5400's?

As long as they are USB 3 your good to go. The dev talked about this too.

It will take you a LONG time to write the plots so get them as soon as you can if you are going to. I would build plots for the pool rather than for solo mining too.

thanks  

roughly 1.2tb already plotted but i only had 2 spare 1tb drives reaching the limit. Probably stay solo for now tbh, 15 blocks so far
also have 3 computers i can generate plots with so it doesn't take too long

I am running 1 4TB USB powered drive on a VM, only using 800GB of the space, but it seems to be fine!

[callmejack]

has anyone a "proofed" formular to estimate the used plotfile terrabytes of the network based on the baseTarget the miner shows?
my idea is to say something like this:
8tb plots mine 1 block a day at a baseTarget of 20,000,000 --> 1tb mines 1/8th block a day --> network mines 360 blocks with 360*8*1tb which is 2.88 pb

based on this i may say baseTarget of 20,000,000 is linear to the network plots of 2880tb.

this results in this formular: (20,000,000/baseTarget)*2880tb=network plots in tb

if i apply the current values of block 3332 to this it results in a network plot size of 1448 terrabyte.
has anyone better numbers to start this calculation with or can tell me if i do something wrong?

[crowetic]

has anyone a "proofed" formular to estimate the used plotfile terrabytes of the network based on the baseTarget the miner shows?
my idea is to say something like this:
8tb plots mine 1 block a day at a baseTarget of 20,000,000 --> 1tb mines 1/8th block a day --> network mines 360 blocks with 360*8*1tb which is 2.88 pb

based on this i may say baseTarget of 20,000,000 is linear to the network plots of 2880tb.

this results in this formular: (20,000,000/baseTarget)*2880tb=network plots in tb

if i apply the current values of block 3332 to this it results in a network plot size of 1448 terrabyte.
has anyone better numbers to start this calculation with or can tell me if i do something wrong?

I would love to help, but I think my math skills are too sub-par for this kind of work. But I am more than happy to know the results and what your findings are! I await your findings!

[TwinWinNerD]

I want to short the Bursts price, does anyone want to loan me coins worth about 2-10 BTC (at todays prices) ?

We can use colateral.

[neite99]

I want to short the Bursts price, does anyone want to loan me coins worth about 2-10 BTC (at todays prices) ?

We can use colateral.

You confuse me.

Why would anyone do this?

[TwinWinNerD]

I want to short the Bursts price, does anyone want to loan me coins worth about 2-10 BTC (at todays prices) ?

We can use colateral.

You confuse me.

Why would anyone do this?

If someone wants to hold coins longterm, he can now earn some interest while holding them.

[SpeedDemon13]

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

[neite99]

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

"transfer" blocks still give the miner a reward of 10,000 In fact they actually give the transfer fee as well. That is why you will have some blocks that have a few extra. The last one I hit was worth 10,013. it had 13 BURST as a transaction fee because it was transporting BURST to a different wallet.

[drumingspz]

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

"transfer" blocks still give the miner a reward of 10,000 In fact they actually give the transfer fee as well. That is why you will have some blocks that have a few extra. The last one I hit was worth 10,013. it had 13 BURST as a transaction fee because it was transporting BURST to a different wallet.

Yes, but the transfer fee was paid by the wallet sending the burst so the only 'new' coins are the 10K.  As of right now, the total # of coins is 10,000 * # of blocks (currently 3345) = 33,450,000.

[burstcoin]

ha-ha, polls are coming

Did you just edit the HTML or is this true and really going to happen?

The nxt version I used as a base had this as a testnet-only feature. If I port new nxt version changes to burst, this could happen.

our exclusive Block Explorer is almost functional
only for basic functions though, as soon as it ready to use for test, i will make it public

That looks great

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

I think the 'Total Balance' contains only 'Guaranteed Balance' 1440+ confirmations ... so if you add it up 1440*10000+'Total  Balance' you are in the same range than BlockCount*10000 ... not sure what happens with coins going to BURST-2222-2222-2222-22222 (added to next block?) ... just my interpretation ...

Total balance is a carryover from nxt, which was total stakable nxt, which is coins that have been sitting for 1440 blocks.

[neite99]

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

For example, block 3261, I sent from one of my PC different wallet a total of 20,022 Burst to another PC wallet. That amount became the block amount. So, some of the blocks that have actual totals shown are transfer blocks, that would describe why the total is only 16 million. So, only 1600+ blocks are found currently.

"transfer" blocks still give the miner a reward of 10,000 In fact they actually give the transfer fee as well. That is why you will have some blocks that have a few extra. The last one I hit was worth 10,013. it had 13 BURST as a transaction fee because it was transporting BURST to a different wallet.

Yes, but the transfer fee was paid by the wallet sending the burst so the only 'new' coins are the 10K.  As of right now, the total # of coins is 10,000 * # of blocks (currently 3345) = 33,450,000.

So what your saying is that the wallet is showing 16 million because it is only counting the blocks that had transfers attached?

Edit:

Nevermind. It looks like the dev stepped in and explained it 

[SpeedDemon13]

ha-ha, polls are coming

Did you just edit the HTML or is this true and really going to happen?

The nxt version I used as a base had this as a testnet-only feature. If I port new nxt version changes to burst, this could happen.

our exclusive Block Explorer is almost functional
only for basic functions though, as soon as it ready to use for test, i will make it public

That looks great

how can i see the max coin amount at the moment ?

NRS info item in your wallet - Total Balance:   16659996

I asked a question about that earlier, bur didn't get a full answer. The "Total Balance" under NRS info shows just over 16 Million Coins, but according to the Block Rewards we should be sitting with a Total balance of just over 33 Million. Which value is the correct current supply?

Someone this afternoon tolds that maybe the total balance is only about the confirmed coin! It's not possible?!

I think the 'Total Balance' contains only 'Guaranteed Balance' 1440+ confirmations ... so if you add it up 1440*10000+'Total  Balance' you are in the same range than BlockCount*10000 ... not sure what happens with coins going to BURST-2222-2222-2222-22222 (added to next block?) ... just my interpretation ...

Total balance is a carryover from nxt, which was total stakable nxt, which is coins that have been sitting for 1440 blocks.

Things like that need to be put on the OP about the coin total balance. Details like that help transparency of this coin project.

[CryptoSurfer]

Wow. Its a madhouse in here.

I think we need to clarify a few things here.

First of all, unless some expert wants to spend a huge amount of time coding some ridiculously complex security measures for the pool then we just plain flat out need to generate new plots that are keyed to the pool address that is given to you when you do the ridiculously hard task of pasting your BURST address in the box and clicking the button.

Once you have that address all you do is generate plots wit the same instructions but you use the pool address.

If you are new here than I would highly recommend reading through the thread. Almost anything you could ask has already been answered.

Its pretty easy to figure out the amount in circulation right now.

On the pool site   http://198.199.103.145:8121/

click the "network state" link. "Height" is the current block number. There has been no reward reduction yet (it reduces 5% a month and we haven't been mining a month yet) so the current amount is simply that number multiplied by 10,000.

as of the time of this writing we are on block 3260

so

3260*10,000=  32,600,000


As far as the pool situation I have some advice. START GENERATING PLOTS USING THE POOL ADDRESS. It has taken me almost a week to fill 6 TB of plots and I have been using 3 servers to do it. The amount of "hash" power is going to grow and eventually even my 6 TB will not find blocks. So I can either start generating plots for the pool (which I am) or miss out on a huge amount of BURST.

I am creating new plots on a different 2tb drive and when it is full I will start replacing my solomining plots with pool plots. It is just the natural way these things go and I would advise all of you to do the same.

I want to say one more thing about the pool. The dev worked hard to get a pool running and all I see is complaints about how it works. You really need to think about what goes into creating a new type of pool from scratch. This isn't a small feat. Honestly I think the dev is a genius. He is PROTECTING you by having you NOT use your personal address. I would think that would be obvious.

Onward

And that's exactly how it is!