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

[AnonymousEconomist]

With nearly 2 PETABYTES on this coin already, 2000 Terabytes, maybe the time to buy more hard drives is over.  I've been trying to get a good deal on hard drives on ebay for 2 days, but no one has my financial interests as first place in their minds.  $30 per TB is about as cheap as it gets.

So as someone wrote earlier, at 1800 TB and 1 TB getting a block every 3.16 days, then when the difficulty soon reaches 2000 TB you can expect a block every 3-1/2 days mining solo.

So even if I were to buy 10 TB worth of drives I'd be out a few hundred dollars, and with little chance of making it back, much less a profit.

Now I'm kind of glad no one took one of my offers.

Assuming the network is currently 1800 TB, then I think you'd make back your $300 investment in 10 TB of hardrive space within about 12 days.

As soon as you have the plots written to the drives, you'll have 10/1810 of the network (0.55%). The means you'll mine 19889.5 BURST per day (10/1810 * 3.6 million). At the current exchange rate of 250 satoshi's per BURST and $500/BTC, that's $24.86 per day. It'll take you 12 days to recoup your initial investment, and after that it's all profit.

This is just an estimate because it's assuming price and difficulty don't change, which I'm sure won't be the case.

all of your assumption is based the difficulty not raise,,,12days! this coin is only 20days out, and difficulty is raising all the time,look back 12days, now is several times of before, and with the price of burst increase, more and more people will mine this coin, the difficulty should raise more faster than before

This is correct. The difficulty will be tremendous in 12 days.. The price will raise as dif increases and more people hear about it. Digital technology grows exponentially

[jamoes]

With nearly 2 PETABYTES on this coin already, 2000 Terabytes, maybe the time to buy more hard drives is over.  I've been trying to get a good deal on hard drives on ebay for 2 days, but no one has my financial interests as first place in their minds.  $30 per TB is about as cheap as it gets.

So as someone wrote earlier, at 1800 TB and 1 TB getting a block every 3.16 days, then when the difficulty soon reaches 2000 TB you can expect a block every 3-1/2 days mining solo.

So even if I were to buy 10 TB worth of drives I'd be out a few hundred dollars, and with little chance of making it back, much less a profit.

Now I'm kind of glad no one took one of my offers.

Assuming the network is currently 1800 TB, then I think you'd make back your $300 investment in 10 TB of hardrive space within about 12 days.

As soon as you have the plots written to the drives, you'll have 10/1810 of the network (0.55%). The means you'll mine 19889.5 BURST per day (10/1810 * 3.6 million). At the current exchange rate of 250 satoshi's per BURST and $500/BTC, that's $24.86 per day. It'll take you 12 days to recoup your initial investment, and after that it's all profit.

This is just an estimate because it's assuming price and difficulty don't change, which I'm sure won't be the case.

all of your assumption is based the difficulty not raise,,,12days! this coin is only 20days out, and difficulty is raising all the time,look back 12days, now is several times of before, and with the price of burst increase, more and more people will mine this coin, the difficulty should raise more faster than before

Yeah, a better model would take account for a rising difficulty and also a rising price. If the price rises at the same rate as the difficulty though, then they cancel each other out. That said, I wouldn't be surprised to see difficulty rising faster than the price - especially since it's so profitable to mine right now.

[Depredation]

Buy all the burst you can while its low, cause burst is going to be big!

[alphateam]

Sorry for yet another question, but with my 8x3TB drives that are not in JBOD or RAID0 but just singles, how do I get all of them to mine?  Do I run multiple mining instances?

Yes. One for each drive

The miner uses the plot folder that is in the same directory. So if you fill each plot folder with plots you need to run the miner for each one.

I jump on this question.

Ok for one instance for each one, and what about the wallet, need to put it in each drive too?

No your can  use one central Wallet for all plots but your must open it in the config /burst/conf .Under API Server change the local IP.

Great many thx

[Trollollo]

So lets say i ploted 1 800000 then 800002 19660800 and my pc restarted and last plot i remember was 2300002 ... if i start again 2300002 19660800 its ok ?

No,you need to start again 2300002 17360798,because second number(173600798) is "nonces to be generated" You can calculate---- You would like to make 19660800 total nonces,and you stopped on  2300002,so you need to calculate 19660800-2300002=17360798.
If you will start at 2300002 17360798 you will get 19660800 nonces of plots.
Have a nice dig

[Prototyp]

Sorry for yet another question, but with my 8x3TB drives that are not in JBOD or RAID0 but just singles, how do I get all of them to mine?  Do I run multiple mining instances?

Yes. One for each drive

The miner uses the plot folder that is in the same directory. So if you fill each plot folder with plots you need to run the miner for each one.

I jump on this question.

Ok for one instance for each one, and what about the wallet, need to put it in each drive too?

No your can  use one central Wallet for all plots but your must open it in the config /burst/conf .Under API Server change the local IP.

Great many thx

Now i have more time. Your must change the nxt-default conf, on this 2 positions.
nxt.allowedBotHosts=0.0.0.0; *
nxt.apiServerHost=0.0.0.0

Than is your Wallet open for all miner. And your must change the target IP in alle miner from local to the wallet IP.

[bobafett]

do they have to be in a row oder could there be spaces.

for example. i plot vom 0 to 80000000 in file 1, then file 2 from 200000000 - 28000000000.....

[fanepatent]

How are stagger size and memory related?  (I assume that is MBs of ram?)  

How does one determine optimal stagger size?

stagger size 1 is 256kb of mem, linear growing. In theory. But java needs more than that.
Go as high as your memory allows (8191 is max)

Sure hope it mines alright in my Windows box with all the others and doesn't have weird permission problems... Smiley

You can always work as root ("sudo su") and disable all this restrictions. If you really want to.

I've been testing with 54000 stagger size on linux and its working. I guess 8191 is not the maximum size. I wanted to see if it uses the memory as it should.

[SharpNieSharp]

Can i do a full cloning of harddisk with plots? i have 2x4 tb hdd and i wanted to copy plot from the first to the second one.

[jzhoulon]

Can i do a full cloning of harddisk with plots? i have 2x4 tb hdd and i wanted to copy plot from the first to the second one.

no,you can't, you must generate all the plots, not cloning, cloning will let the disks do the same job, only wasting hdd

[kahir]

a gui Wallet and miner .... would make this coin go 20-30X

[primera]

Any Multipool?

[mem_co]

I have 1 hdd and I use 1 address. My latest plot on hdd1 is 800000. If I add second hdd should I start make plots from 800001 or can I start from 0?

[insist]

very amazing coin......

[CryptoSurfer]

Don't forget to like & share the fb page.

[dcct]

I have 1 hdd and I use 1 address. My latest plot on hdd1 is 800000. If I add second hdd should I start make plots from 800001 or can I start from 0?

it the first is

0 800000
the secound would be
800000 800000

(no problem if you start higher)

[AnonymousEconomist]

Any Multipool?

I have gotten 170 views on the multi pool thread but no one has stepped up yet.

The bounty as of right now is 60k BURST.

That is 6 entire blocks worth.

[jzhoulon]

can plots generated in windows be mined in linux?

[jamoes]

I think I'm missing something, because I don't understand the point of a multipool for burstcoin. There aren't any other coins that are HDD mined, so what coins would the multipool switch between? What am I missing?

[dcct]

can plots generated in windows be mined in linux?

Sure, its the same files. Also works the other way around.