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

[tacklebox]

Can someone please tell me when you are supposed to se a result of the mining, i've been doing it for some time and i think i'm doing somethin wrong.

This phrase comes up all the time.

New best: some numbers

{"result":"Passphrase does not match reward recipient"}


What does this mean, i have a passphrases file in the same folder because when i delete it and try to start mining it says you canot mine without passphrases

[twig123]

Trying to use these instructions:http://burstcoin.info/miner.php
...to Pool mine on pool: http://178.62.39.204:8121/

I generated 100GB of plots currently...

Keeps saying "No valid shares to submit to pool", is this normal?

{
  "height": "9105",
  "generationSignature": "ec79ee33a32f2f0b2ff3fe2ab1f6f0f4710333d9ed037f6ea0df6669bb6b861a",
  "baseTarget": "8374378",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9106",
  "generationSignature": "3bb1b78101c19fa7418c1418c469b51573235759db1713bc0ec4f9c32c2df69b",
  "baseTarget": "8349171",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9107",
  "generationSignature": "15347af6d03766f2e4cc8079121bb3df57b794a12142497edc3a04e5d1d8bca5",
  "baseTarget": "8277311",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9108",
  "generationSignature": "d6e3889d4421b9a42335f3dc59c0024725eec9d5a079491bf6a85e8b6856363a",
  "baseTarget": "8389409",
  "targetDeadline": "75000"
}
Found pool share: 13991743533807458994:340221
Submitting shares to pool
Received share/s
{
  "height": "9109",
  "generationSignature": "a6b28927f6d90ea94197799c4027e435347e51cc58a49ba4a59f9156f08112c1",
  "baseTarget": "8543315",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9110",
  "generationSignature": "6c60eda6d39341099f03cc99eefe5a280368a55e2604c464579eed4b3f25ce07",
  "baseTarget": "8659262",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9111",
  "generationSignature": "ecee18ed45d053d1626cae495843ceee09d0b3f430866265ea8a05a59bf1059a",
  "baseTarget": "8910974",
  "targetDeadline": "75000"
}
No valid shares to submit to pool

Also, I have a quad-core system, 4GB RAM... I have a 4TB drive that will arrive tomorrow. What are the best settings to generate the Plots for a 4TB drive?

It's fine, you just need to wait till it finds a deadline below 75k

Notice the bolded text. It's working fine, and you have a balance in the pool.

Awesome! I didn't see that portion, I was just uneasy about all the "no valid shares" message.
I assume I should see more shares that are actually valid once I get my 4TB installed and running?
Also, on that same note... any comments my Plot generation question for a 4TB drive?

[coinits]

I have a concern about the Burstcoin mining process and it possibly being susceptible to selfish mining attacks. I'm hoping that the dev, or someone more familiar with the mining process can alleviate my concerns.

Basically, my concern is that a miner might be able to artificially increase their hashrate by manipulating which transactions get included in a block. A malicious miner could find a block, but only include a set of specially created transactions such that it ensures (or at least increases the odds) they find the next block as well.

Am I missing something, or is this a real concern?

Unlike most coins that try to find a nonce where hashing the block contents meets a target, burst includes information proving an address is eligible to mine that block, and then signs it with that address. This allows us to lock down the numbers used in the calculations by only using information from previous blocks in the algorithm. The only information that is used is generation signature, block height, and the user who mined the last block, so the only manipulation possible is to choose not to mine a block you are able to. The generation signature is based on the same values from the block before it. Changing the transactions won't change anything, so that isn't a valid attack vector.

Ok, thanks for the explanation! I think I am getting a better understanding of how it all works.

However, this brings up another concern. Does this mean that the transactions themselves aren't encoded in the blockchain in any way? If that's the case, then it seems it would be trivial to perform double-spends. Sorry if this is a stupid question!

The transactions are in the block, and the block's transactions are part of the hash that is done while the miner is signing the block, it's just that the transactions don't affect whether that miner is eligible to mine that block.

Ah, ok good. So, the transactions are an input into the generation signature, which I think means that the transactions affect which miner is eligible to sign the next block, correct?

If so, it seems a selfish mining attack is still possible, but rather complicated. A malicious miner could choose a transaction set which manipulates the generationSignature such that when they do find a block, they're also almost guaranteed to find the next block. I still feel like I must be missing something :/

Dev, can you comment on this?

generation signature is shabal256(lastblock.generationsignate concat lastblock.miner)
scoop is chosen with shabal256(generationsignature concat blockheight) modulous 4096
deadline is calculated shabal256(scoopcontents concat generationsignature) / basetarget

transactions are never factored into eligability.

OK, I think I finally get it now! Thanks for your patience and continued explanations. Please let me know if the following is correct:

There are two signatures:
  - The blockSignature, which the account owner must sign. This signature signs the entire block, which includes the transaction hashes, as well as all other pertinent data.
 - The generationSignature, which the account owner must also sign. This signature only signs the previous generationSignature as well as the block height and previous block's account address.

So, double spending is prevented by assuming that the same entity won't be able to mine more than a few blocks in a row. However, this is different than bitcoin which actually includes the transaction hashes in the generation signature. As a result, if the same entity does happen to mine multiple burstcoin blocks in a row, it is costless for them to modify the history of transactions by simply modifying the blockSignature. Of course, after 10 of so blocks, the odds of the same entity mining all blocks is very very low.

Also, as a corollary, it also seems that a burstcoin transaction with just 1 confirmation is much less secure than a bitcoin transaction with 1 confirmation. It's possible for a malicious miner to create multiple versions of a block, all which spend their burstcoin differently, and then broadcast each version of the block to different portions of the network. Of course, as soon as another block is found by a different entity, all but one malicious block will be dropped. Basically, it seems that 1 confirmation in burstcoin is analogous security-wise to zero confirmations in bitcoin.

Is my understanding correct now? Thanks again for your continued explanations! Assuming you confirm that I'm right, I think my understanding is now strong enough to confidently explain this all to others.

This is correct with 1 exception. generationSignature doesn't need to be actually signed, it's just a hash, and block height isn't factored into generationSignature, only previous generationSignature and previous block's address. Height is only factored in for selecting which scoop to use(which part of the plot data to read)

Trying to use these instructions:http://burstcoin.info/miner.php
...to Pool mine on pool: http://178.62.39.204:8121/

I generated 100GB of plots currently...

Keeps saying "No valid shares to submit to pool", is this normal?

{
  "height": "9105",
  "generationSignature": "ec79ee33a32f2f0b2ff3fe2ab1f6f0f4710333d9ed037f6ea0df6669bb6b861a",
  "baseTarget": "8374378",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9106",
  "generationSignature": "3bb1b78101c19fa7418c1418c469b51573235759db1713bc0ec4f9c32c2df69b",
  "baseTarget": "8349171",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9107",
  "generationSignature": "15347af6d03766f2e4cc8079121bb3df57b794a12142497edc3a04e5d1d8bca5",
  "baseTarget": "8277311",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9108",
  "generationSignature": "d6e3889d4421b9a42335f3dc59c0024725eec9d5a079491bf6a85e8b6856363a",
  "baseTarget": "8389409",
  "targetDeadline": "75000"
}
Found pool share: 13991743533807458994:340221
Submitting shares to pool
Received share/s
{
  "height": "9109",
  "generationSignature": "a6b28927f6d90ea94197799c4027e435347e51cc58a49ba4a59f9156f08112c1",
  "baseTarget": "8543315",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9110",
  "generationSignature": "6c60eda6d39341099f03cc99eefe5a280368a55e2604c464579eed4b3f25ce07",
  "baseTarget": "8659262",
  "targetDeadline": "75000"
}
No valid shares to submit to pool
{
  "height": "9111",
  "generationSignature": "ecee18ed45d053d1626cae495843ceee09d0b3f430866265ea8a05a59bf1059a",
  "baseTarget": "8910974",
  "targetDeadline": "75000"
}
No valid shares to submit to pool

Also, I have a quad-core system, 4GB RAM... I have a 4TB drive that will arrive tomorrow. What are the best settings to generate the Plots for a 4TB drive?

It's fine, you just need to wait till it finds a deadline below 75k

Notice the bolded text. It's working fine, and you have a balance in the pool.

How about when solo mining? I've been getting a lot of  shares submitted but no blocks today. What is taking place when a share is submitted when solo mining? I have around 10 TB.

[procrastinationtm]

Scrypt multipool on the way!

[MOB]

Can someone please tell me when you are supposed to se a result of the mining, i've been doing it for some time and i think i'm doing somethin wrong.

This phrase comes up all the time.

New best: some numbers

{"result":"Passphrase does not match reward recipient"}


What does this mean, i have a passphrases file in the same folder because when i delete it and try to start mining it says you canot mine without passphrases

Are you on a pool?  If so, you need to send 1 BURST to the pool to make it so that your mining pays out to the pool instead of you.  That is the reward assignment.

All of the pools have instructions posted on where to send that 1 BURST.  Such as these, for Uray's pool: http://burst-pool.cryptoport.io/howto.html

You must go to (with your wallet running): http://127.0.0.1:8125/rewardassignment.html

[MOB]

How about when solo mining? I've been getting a lot of  shares submitted but no blocks today. What is taking place when a share is submitted when solo mining? I have around 10 TB.

Nothing happens with a share when solo mining unless it finds a block.  10TB is enough to solo mine.

I have ~12TB right now, but continue to poolmine because paying 1.5% is better than having a random interval of no blocks for 72 hours.

Awesome! I didn't see that portion, I was just uneasy about all the "no valid shares" message.
I assume I should see more shares that are actually valid once I get my 4TB installed and running?
Also, on that same note... any comments my Plot generation question for a 4TB drive?

Choose whatever your start address is, then have it run for 14671633 plots.  That works out to about 40GBs less than a 4TB drive.

[burstcoin]

Can someone please tell me when you are supposed to se a result of the mining, i've been doing it for some time and i think i'm doing somethin wrong.

This phrase comes up all the time.

New best: some numbers

{"result":"Passphrase does not match reward recipient"}


What does this mean, i have a passphrases file in the same folder because when i delete it and try to start mining it says you canot mine without passphrases

You are using the wrong miner then. pocminer v1 is the only version that says mining without passphrases is not supported, and it doesn't support pools.

If you are on my v2 pool, download this https://mega.co.nz/#!7hwHQJLZ!-waC7CwWeMStkdAwjEVbew1fN_YqeZDRWMWfCylaNPo move the pocminer_pool.jar and new run mine.bat into your pocminer directory, put the pool ip into the mine.bat file, and rename or move the passphrases.txt file.

[jzhoulon]

hi,dcct., it seems that block explore has been blocked for a long time, look at the difficulty, it is zero now, and top list account hasn't updated for a long time, at least, my balance on wallet is not the same as on block explore.

[zheratuul]

Is it possible to use a Linux generated plot on Windows 7?

[jzhoulon]

Is it possible to use a Linux generated plot on Windows 7?

yes, i suppose,, because i generated on Win7 and mined on Linux...it seems fine

[fivebells]

Repeat question... the thread is moving so fast, it's getting buried: Just got burst running.  I chose parameters to run_generate.sh which will fill the drive completely.  Does the generator still delete the generated file if it runs out of space?

[zheratuul]

Is it possible to use a Linux generated plot on Windows 7?

yes, i suppose,, because i generated on Win7 and mined on Linux...it seems fine

alright, thanks for the quick reply  

[thrill_Cosby]

Pretty sweet coin.  Just picked up a 4tb drive.

[burstcoin]

Repeat question... the thread is moving so fast, it's getting buried: Just got burst running.  I chose parameters to run_generate.sh which will fill the drive completely.  Does the generator still delete the generated file if it runs out of space?

Yes, the generator has not been updated, so that bug still exists.

[bensam123]

Cloud storage for this doesn't seem to be fast enough and runs into errors constantly when trying to use it (even when using a fast internet connection).

That aside, I'd highly suggest against buying a bunch of HDs to mine this coin guys. If you look at the price on C-Cex, it's being held up by twigs. There are so many sell orders, everyone could sell now and completely strip the price and still have plenty of Burst leftover. It's actually pretty amazing there can be THAT many sell orders and the price hasn't bombed yet.

Putting that aside, this is the only PoC coin that I know of at the moment which makes a return on HDs very small if this coin doesn't remain profitable. There is also plenty of storage 'in queue' right now, meaning people with massive capacities waiting for their storage options to plot before they can start mining. I think that's something that isn't reflected in current difficulty or the market. I was considering getting in on it too, which means other people have and currently are still waiting on their HDs to plot. I'm sure plenty of people with 10s of 20s of TBs plotting as well.

It'll be interesting to see where this coin is in a month and PoC, but right now, don't jump on the hype train.

[jzhoulon]

Cloud storage for this doesn't seem to be fast enough and runs into errors constantly when trying to use it (even when using a fast internet connection).

That aside, I'd highly suggest against buying a bunch of HDs to mine this coin guys. If you look at the price on C-Cex, it's being held up by twigs. There are so many sell orders, everyone could sell now and completely strip the price and still have plenty of Burst leftover. It's actually pretty amazing there can be THAT many sell orders and the price hasn't bombed yet.

Putting that aside, this is the only PoC coin that I know of at the moment which makes a return on HDs very small if this coin doesn't remain profitable. There is also plenty of storage 'in queue' right now, meaning people with massive capacities waiting for their storage options to plot before they can start mining. I think that's something that isn't reflected in current difficulty or the market. I was considering getting in on it too, which means other people have and currently are still waiting on their HDs to plot. I'm sure plenty of people with 10s of 20s of TBs plotting as well.

It'll be interesting to see where this coin is in a month and PoC, but right now, don't jump on the hype train.

don't advise those dumper not to dump any more, it is not wise, at current difficulty, they can also get lots of profits., when difficulty raise until 1000bust/TB/month, price will raise with nature, for long term, i would like these miners dump their coin now and let investors hold it, it is stupid to advise miners not dump the coin because of it will low the burst price, if every miners hold their coins for a high price and not sell, then when burst raised to a high price, all miners will dump, that is the real bad, SO, STOP ADVISING MINERS NOT TO DUMP, I LIKE THEM DUMP

[timk225]

People asked why I sold my 14334 BURST coins at 698 satoshis only a couple days ago.  I wasn't sure it was the smart move at the moment, but now I see it was.  This is why.  I have seen this pattern in many coins in the past year and a half.  They start with a nice run up in price because everyone is excited about the new thing.  Then one of two things happen.  Either the price wavers around a bit and climbs again, like DOGE and Litecoin, or once it starts dropping it just keeps on dropping and never regains its former glory, like most coins.

BURST may have a unique algorithm and mining method, but the real question here, where long term profits are concerned, is "What can BURST coin do that many other coins can't?", including Bitcoin.

And the answer is - nothing.  Aside from its mining method there is nothing special or unique about BURST that should give anyone a reason to think it has any long term potential whatsoever.

Not to talk it down, as I want to mine it and make lots of money off of it, but this is the reality of the crypto coin world.

Having said all that, I am only here for the profit, and if I can't make money mining this coin, then it is useless to me.  I don't give a damn about anything else that it can or can't do or anything unique about it.

And in my side business of home computer repair, I will be able to sell my 3 TB drives off within a few months to people who need new(er) hard drives, and for more than I paid for them, so it is impossible for me to lose on this deal.  The only question is how much $$$ can I make off this coin.

[fivebells]

The real question here, where long term profits are concerned, is "What can BURST coin do that many other coins can't?", including Bitcoin.

I don't know the mining algorithm alone makes it pretty promising.  It's potentially much more democratic (you could probably make a drive which is optimized for burst look-ups, but it wouldn't be orders of magnitude more efficient than commodity drives) and far less environmentally destructive.

burstcoin: Thanks for the info.  Just want to make sure I have the space calculation correct, then.  I ran

Code:

sh ./run_generate.sh <my address> 4265424399602217743 7846768 8191 4

That should result in the space required being 7846768*256kb = 2008772608kb=1.9TB, right?

[smokim87]

People asked why I sold my 14334 BURST coins at 698 satoshis only a couple days ago.  I wasn't sure it was the smart move at the moment, but now I see it was.  This is why.  I have seen this pattern in many coins in the past year and a half.  They start with a nice run up in price because everyone is excited about the new thing.  Then one of two things happen.  Either the price wavers around a bit and climbs again, like DOGE and Litecoin, or once it starts dropping it just keeps on dropping and never regains its former glory, like most coins.

BURST may have a unique algorithm and mining method, but the real question here, where long term profits are concerned, is "What can BURST coin do that many other coins can't?", including Bitcoin.

And the answer is - nothing.  Aside from its mining method there is nothing special or unique about BURST that should give anyone a reason to think it has any long term potential whatsoever.

Not to talk it down, as I want to mine it and make lots of money off of it, but this is the reality of the crypto coin world.

Having said all that, I am only here for the profit, and if I can't make money mining this coin, then it is useless to me.  I don't give a damn about anything else that it can or can't do or anything unique about it.

And in my side business of home computer repair, I will be able to sell my 3 TB drives off within a few months to people who need new(er) hard drives, and for more than I paid for them, so it is impossible for me to lose on this deal.  The only question is how much $$$ can I make off this coin.

Hurry rape the fuck of out this coin as many others do to any new coin. That's why I am sure crypto won't last, be sure to milk every last cent and then sell those half burnt out hard drives to other suckers you computer repair guys always do.

[Razerglass]

so i explained the plotting and nonce's and non overlapping to my totally frustrated and confused friend and he said it was magical and a perfect way to understand it... sharing so maybe it would help someone else understand easier

its in noob language.. just so he could grasp the concept.  hope it helps someone else as well.  

http://piratepad.net/u05YCGsdwd