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

[Makezzila]

Stop being paranoid about prices please.

50 million coins are minted each month. It will take years before we see 2 billion.

Expect to see 3-5k sat on the first high volume rise.
ca
Oh, and help get this added to exchanges and keep asking around for that multipool.

The high inflation will be no problem with a multipool by our side!

no, it will takes 1.4 year to see 2 billion, every month nearly 100 million burst...50 million....you must cauculate with wrong. 8.10 came out and with now 8.31. already 70 million.. but what's the matter? btsx also has 2 biliion and its price is 40 times of burst.. and the dogo once was so high price with 100 billion, and people still willing to buy it , and it last for several month , popular depends the price, not the amount, what we need is miners, image it, if we have 10 thousands of miner, every 1 tb can mine 10 burst a month, then the burst's high price is not a problem at all

bitsharesx wasn't minable, the price was set from early investors(i don't remember if it was a ipo/ipco or somethign else), it's a bit different

Hehe. Cot for nothing I bought cards nvidia GTX 470,480,570,580 and mining protoshares in winter 2014

[unsoindovo]

http://burst.cryptoport.io block explorer do not work anynore?

[dcct]

http://burst.cryptoport.io block explorer do not work anynore?

Its working here

[Makezzila]

All working normal i see stats.

And also now mined is 72430000 Bursts. One Bursts is 0.001733$.
Total capitalisation burstcoin is 125521$ it's place number 99 on http://coinmarketcap.com/

need more high price, to run in TOP10  

[Kickstart4]

My java client is up to date but while I  open the program it won't open nothing happens??

[Depredation]

Things for BURST to be successful:
Multipool
More Exchanges
Desktop Wallet
Simple Gui miner/plotter

[Kickstart4]

Even though I have a up to date java Jre nothing happens on opening the miner file or the wallet application.I tried restarting and everything possible from my extent

[unsoindovo]

http://burst.cryptoport.io block explorer do not work anynore?

Its working here

Opening it from android Cell don't work. :-(
I'm using chrome for android.
Until some days ago was working perfectly.... Bit not non.

[fydel]

Things for BURST to be successful:
Multipool
More Exchanges
Desktop Wallet
Simple Gui miner/plotter

+ git update

[callmejack]

Things for BURST to be successful:
Multipool
More Exchanges
Desktop Wallet
Simple Gui miner/plotter

+ git update

+wallet port to C++

[ROBERTO]

I find 2 blocks when i mining on the pool if i solo mining i find this 2 blocks or it's cause i'm on the pool?

Someone have my answer, just to know if i return on solo mining

Thanks

[uray]

I just see someone joined my pool, other than myself...

who ever that join my pool here http://burst-pool.cryptoport.io
please note that this pool is really under developments
we still have critical bugs, including share calculation and payment
you may get better payment than your submitted share or on the worse case, you will get paid less
please take this as your risk, i will announce when pool is ready for public, but i dont preventing anyone to join this pool

i cant connect to http://burst.cryptoport.io/
are you updating something?

sorry, just crashed, thank you for notifying me..
and yes that under development too, everything is.. omagad

Will you publish your code on git? That would be cool.

block-explorer is on git dude

Can u please give me the steps to mine on the pool ?
where to put reward assignment ?

you need to use my own miner, its on the website, then read readme.txt, basicly its just like on solo mining, but i add another file pool-passphrase.txt, for the moment just write any single line text to that file. you still need to put your account secret passphrase on passphrase.txt, miner only read this to determine your account ID, its not send to server, i will modify the miner later to read account ID from pool file. (source code is on zip file)

i dont know if official miner from dev will work, i am yet to test it, but it should work, since the only modification is to remove your account secret passpharase from network communication

then u need to do reward assignment transaction using your own wallet
run your wallet, and go to http://localhost:8125/rewardassignment.html

on Set reward recipient :
set 10745596296835956940 as recipient
and enter your account secret passphrase

wait 4 blocks, then u can start mining
during mining you dont need your wallet to run, only miner

[SpeedDemon13]

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.  This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

you can host 40tb for about 50$ each tb with marginal power costs on your own hardware.
this may be sufficient to mine for a few weeks.
only drawback is the plot generation.
not sure if vps makes sense.

You would need one or two strong machines, but many people here already have at least one beefy desktop machine they could use for plotting. I would also be careful with VPSes, make sure you get enough bandwidth from them, and also make sure they don't have a policy against pinning CPUs at 100%. Also, you would have to have a powerful internet connection if you are generating plots on some form of cloud service/VPS and downloading them to your drives. These files don't compress very much.

So how long until people realize you can just as effectively add more volumes to an Amazon EC2 instance than buying harddrives.  This type of mining is ripe for abuse until storage providers adjust their pricing models. Kudos to all the guys who jumped in on this early.  More coins will certainly come. Hopefully with a more straight forward method to getting everything setup.

Yup, long-term vs short-term mining. However, S3 will cost around $30/month/TB, whereas you can buy 5TB hard drives for $200, or around $40/TB, with a 2-3 year warranty. Also, consider that you'll need a beefy EC2 instance to originally generate the plots, so add in a c3.8xlarge, cc2.8xlarge, or r3.8xlarge instance, which can generate somewhere around 14000 nonces/min for $0.28/hr, or around 205GB/hr. So each TB of S3 storage will require around $1.70 for generation, plus $30/month to hold. After three months, a 5TB setup would cost you a bit over $460 to run. Reduced redundancy storage is marginally cheaper, and volume discounts save you a bit over 3% once you cross the 450TB barrier, so S3 doesn't get considerably cheaper.

Here's a cheaper solution for people wanting to do hard drive mining in the cloud:
Find a dedicated server provider who offers high-storage dedicated servers AND high-CPU dedicated servers in the same Datacenter. Look for ones with unlimited or unmetered connections for inside-database transfers. Make sure the port speed on each machine is at least 500Mbps, 1Gbps up for high-CPU and down for storage is preferred.
Rent a high-CPU server for a month, and generate plots.
Move plots from high-CPU box to storage box, using ftp or wget.
Have storage server periodically (once every few hours) restart the mining process to account for newly-transferred plot files.

Of course the above could be easily automated with some creative scripting or some form of network signaling, but even manually the above process requires very little attention, and once your storage server is filled, you can cancel the high-CPU dedicated server, or use it to fill the plots of another storage server. Some datacenters will allow you to rent servers weekly, so you can get a high-CPU server for one week. Be careful with using by-the-hour cloud machines for generation, as not only are they in different datacenters which may cause bandwidth issues, but bandwidth on per-hour servers is almost always very expensive. 1TB of traffic out from EC2 to the internet would cost you around $122.88.

The service you are offering is a good deal and more convenient. So, some would be better getting a service from someone like you or run their own storage server. Power cost are really low, even with a 20x 4TB HDD array compared to gpu/asic mining.

For sure, power costs are nothing in comparison to traditional mining. For the heck of it, I put a kill-a-watt on an external 4TB hard drive (WD MyBook) for burstcoin mining load, it averaged around 5.2W under reading load, and 4.7W under idle. At an electric price of $0.15/hr, 4TB (3.63TB after formatting) of BURST mining power would cost you $6.84/year (if reading 24/7, more like $6.47 for normal BURST read times per 4m block), plus the price to run a very low end machine to do the actual mining. However, that one machine could easily host 10+ hard drives with the same box power consumption, and many people have a machine they leave on 24/7 anyhow, whether a personal machine or a mining rig.

I'm doing between 138~150 watts while plotting and mining. Just mining, around 105~110 watts. This is with 4 HDD's, 3TB total. Same rig gpu mining with HD7970's on low wattage algo's, 1000~1100 watts with negative profit margin.

[SpeedDemon13]

Things for BURST to be successful:
Multipool
More Exchanges
Desktop Wallet
Simple Gui miner/plotter

+ git update

+wallet port to C++

Yup, a QT style wallet ported to C would probably make investors happier to trade with burst. A miner and plotter-all-in one application with easier interface would make more people mine this. Or a GUI that can auto perform those tasks in the background.

[mmmaybe]

I can find my address and submitted at http://178.62.39.204:8121/shares, however I can not find my address on http://178.62.39.204:8121/balance. Nor have I recieved any payouts.

Do I need a certain amount of submitted shares to get listed on the "balance" or get a payout...?

Thanks

I think the number next to my address is how many BURST coins I have, and it pays out at 500 BURST.  Right?

At http://178.62.39.204:8121/shares, the number behind the address is the number of submitted shares.

The number behind the address at http://178.62.39.204:8121/balance is your earned burst.

In my case I've got accepted share but nothing at the balance/burst page.

Is this normal?  

Pool hasn't found a block with you yet, I think. Once it does, you will see burst in your balance and it will pay out once you get over 500 burst.

I just want to confirm that Depredation was correct regarding my problem, I'm now recieving payments and my account number is on the pool's balance list 

Great work with the pool, dev!

[ReDPoiSoN]

Is there any way to mine with my local pc on a plot stored online!?

[dcct]

Is there any way to mine with my local pc on a plot stored online!?

You would have to download 0.025% of that for every block

[Depredation]

How high do you think the price will rise?

[AnonymousEconomist]

How high do you think the price will rise?

It depends on how fast the bubble happens. We have a pretty high inflation rate, but we should easily be in top ten market cap.

I believe first real bubble we will see anywhere between 3-5k.

Good to see us on coinmarketcap now. That is a big step!

As previously stated, every feature that comes will raise the price quite nicely. That is the beauty of having a coin from scratch like this. Please donate some BURST to our dev as he releases features! No premine on this coin, and it is the most innovative in months, maybe even years.

[ReDPoiSoN]

Is there any way to mine with my local pc on a plot stored online!?

You would have to download 0.025% of that for every block

So, no way..? If I have 1 TB plot I need to download 250mb in less than few seconds right?!