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

[bloodDiamond]

good choose from c-cex



c-cex has given the right value to burstcoin and will not delisting it!!!

 

[Nevril]

Second - is there a way to issue more shares? Because i got more qASICs i can transfer to that account if needed...

No, and please check my previous reply.

[Nevril]

c-cex has given the right value to burstcoin and will not delisting it!!!

 

We easily surpass the 0.1 BTC/day volume

[Sy]

Limited, you mean the Irontiga's one? Cause BLTPS doesn't have an upper limit given the way it is structured.

I think, like yourself are proposing, that Irontiga can issue further parallel assets if he wants, by taking a snapshot of the shares value at a given time. Be careful, I don't know the mechanisms behind it, so I'm just guessing.

If I figured out this time what your proposal is, your are basically saying:
- You have some qASICs
- Investors can buy them or a portion of them, so what's left is still yours
- If you still have some and someone wants to sell them, they should put a lower price then yours (in this case the older investor loses with respect to the newer one, like you said)
- If you have none, it may be possible that you reinvest in more qASIC and issue a parallel asset, or you stop and simply let the market decide the new value while you are keeping 5% of the profits from the total to manage shares which are yours no more.

Put like this, the difference with respect to Irontiga is that you are anticipating the shares.
Said so, I've voluntary left a fifth point out of that list, because your schema can provide an additional way to scam people, but like you said "it does add another party to trust" so I won't detail it... It's a matter of trust, like with any other project and even with the cryptocurrency world in general.

EDIT: ok, no...
Sorry but I want to warn everyone here given your last post.

The Asset has been created and i've issued 1000 shares, selling 950 at a price of 910 BURST

First of all, I'm not saying that you are scamming or whatever.
But this is exactly the point.
If you keep 50 shares for yourself is way different than keeping 5% of the profit for yourself.
Once 950 shares have been sold, the price per share will raise as soon as someone decides to buy them and someone is willing to sell. Then you could be able to sell your 50 share for way more their original 910 burst value and say goodbye to everyone.
A correct way would be selling all 1000 shares and keep 5% of the mining profit for yourself.
Again this is just a suggest and an observation and I'm not, absolutely, saying that you are scam, especially given the price which you've kept pretty low.
Take it or not, your choice

Hmm i thought about that but i really liked the idea of doing it all at one place, aka keeping 5% of the shares so i get 5% of every payout but i calculated this one probably incorecct because i did the math with 1000 shares, since i am only selling 950 i am forfeiting 5%...shit xD but this would even out the benefit you are mentioning unless the price increases drasticly i guess
But with forwarding 100% to burst i would on the other hand forfeit my 5% cut of every payout so me selling out would be a bad idea.

I will PM you, i got the goods, you got the mind

[bobafett]

YEAH,
we are now on place 77 of all crypto currencies!!!!

http://coinmarketcap.com/currencies/views/all/

[brizio71]

There are any program in order to check the correct creation and working plot files ?

Any one can answer my question ?

Thanks

[rollingMyCar]

hi guys!!!
mining with just 3 seagare 4Tb...
not so much.. but let's go to pump burstcoin to gain more!!!

 

[Superxfast]

Anybody help.

I used pool burst-pool2.cryptoport.io

When I mined burst with one server (1TB), I could receive coins.

When I mined burst with 20 servers (10x1TB), used the same plot id (same account), I didn't receive any coins.

do I need to use different account for my 10 servers?

[xizmax]

hi guys!!!
mining with just 3 seagare 4Tb...
not so much.. but let's go to pump burstcoin to gain more!!!

 

12tb is nice, wish I could afford it

[xizmax]

There are any program in order to check the correct creation and working plot files ?

Any one can answer my question ?

Thanks

What kind of problems are you having? I do not know of such a program, dont think there is one.

Only problems I've seen so far with plotfiles themselves is corruption during optimization

[brizio71]

There are any program in order to check the correct creation and working plot files ?

Any one can answer my question ?

Thanks

What kind of problems are you having? I do not know of such a program, dont think there is one.

Only problems I've seen so far with plotfiles themselves is corruption during optimization

I'm trying to understand what is the problem that I have at this moment because with 11TB of plot files I can earn just 3000-3500 BURST per day instead of 5383 BURST as the BURST calculator show me.

Thanks

Fabrizio

[xizmax]

There are any program in order to check the correct creation and working plot files ?

Any one can answer my question ?

Thanks

What kind of problems are you having? I do not know of such a program, dont think there is one.

Only problems I've seen so far with plotfiles themselves is corruption during optimization

I'm trying to understand what is the problem that I have at this moment because with 11TB of plot files I can earn just 3000-3500 BURST per day instead of 5383 BURST as the BURST calculator show me.

Thanks

Fabrizio

I believe that was already answered mate, the calculator can be off by 40% easily.

Did you optimize your plots? Are you getting good deadlines? If so, I dont think you have much to worry about

[bobafett]

I'm trying to understand what is the problem that I have at this moment because with 11TB of plot files I can earn just 3000-3500 BURST per day instead of 5383 BURST as the BURST calculator show me.

Thanks

Fabrizio

I have about 20TB and the calculator says i should make 12k a day. i never had more than 8k a day on urays pool..... and all of my deadlines are under one day! so i think its ok.

[uray]

Anybody help.

I used pool burst-pool2.cryptoport.io

When I mined burst with one server (1TB), I could receive coins.

When I mined burst with 20 servers (10x1TB), used the same plot id (same account), I didn't receive any coins.

do I need to use different account for my 10 servers?

u still receive coins, but you got less by using 10 miner x 1TB than 1 miner x10 TB, because there are invalid share penalty when you submit nonce with higher deadline than your best deadline, it could be when server-1 already submit deadline 1000 secs, then server-2 does not know server-1 already submit it, then it submit nonce with deadline 1001 secs, you get penalty

yeah it could be resolved by using 10 different account, but you still receive less payout than 10 TB with one account because your deadline variance will be higher with small plot

you shouldn't use SG pool anyway, 10 TB is too small, you better choose US, or EU if your average deadlines are below 5 days

[bobafett]

Anybody help.

I used pool burst-pool2.cryptoport.io

When I mined burst with one server (1TB), I could receive coins.

When I mined burst with 20 servers (10x1TB), used the same plot id (same account), I didn't receive any coins.

do I need to use different account for my 10 servers?

u still receive coins, but you got less by using 10 miner x 1TB than 1 miner x10 TB, because there are invalid share penalty when you submit nonce with higher deadline than your best deadline, it could be when server-1 already submit deadline 1000 secs, then server-2 does not know server-1 already submit it, then it submit nonce with deadline 1001 secs, you get penalty

yeah it could be resolved by using 10 different account, but you still receive less payout than 10 TB with one account because your deadline variance will be higher with small plot

you shouldn't use SG pool anyway, 10 TB is too small, you better choose US, or EU if your average deadlines are below 5 days

@uray
How problematic is this? How often will this happen with the penalty?

I got 2 Miners using the same Account on your pool, but one is at home and the other is in my company.

[mmmaybe]

Anybody help.

I used pool burst-pool2.cryptoport.io

When I mined burst with one server (1TB), I could receive coins.

When I mined burst with 20 servers (10x1TB), used the same plot id (same account), I didn't receive any coins.

do I need to use different account for my 10 servers?

u still receive coins, but you got less by using 10 miner x 1TB than 1 miner x10 TB, because there are invalid share penalty when you submit nonce with higher deadline than your best deadline, it could be when server-1 already submit deadline 1000 secs, then server-2 does not know server-1 already submit it, then it submit nonce with deadline 1001 secs, you get penalty

I didn't know you used penalty, I think that should be stated at the pool's info like on crowetic's and kaka's pools. How much is the penalty?

BTW, how long was SG down today?

[uray]

Anybody help.

I used pool burst-pool2.cryptoport.io

When I mined burst with one server (1TB), I could receive coins.

When I mined burst with 20 servers (10x1TB), used the same plot id (same account), I didn't receive any coins.

do I need to use different account for my 10 servers?

u still receive coins, but you got less by using 10 miner x 1TB than 1 miner x10 TB, because there are invalid share penalty when you submit nonce with higher deadline than your best deadline, it could be when server-1 already submit deadline 1000 secs, then server-2 does not know server-1 already submit it, then it submit nonce with deadline 1001 secs, you get penalty

I didn't know you used penalty, I think that should be stated at the pool's info like on crowetic's and kaka's pools. How much is the penalty?

BTW, how long was SG down today?

its on "How it Work" tab, its very small any way 0.0001 share, its just to prevent spam, not to decrease multiple miner on same account share, actually its not really a penalty just see it as additional computation cost by sending useless nonce

[spookycoins]

YEAH,
we are now on place 77 of all crypto currencies!!!!

http://coinmarketcap.com/currencies/views/all/

Now seeing us at #65 

[mmmaybe]

Anybody help.

I used pool burst-pool2.cryptoport.io

When I mined burst with one server (1TB), I could receive coins.

When I mined burst with 20 servers (10x1TB), used the same plot id (same account), I didn't receive any coins.

do I need to use different account for my 10 servers?

u still receive coins, but you got less by using 10 miner x 1TB than 1 miner x10 TB, because there are invalid share penalty when you submit nonce with higher deadline than your best deadline, it could be when server-1 already submit deadline 1000 secs, then server-2 does not know server-1 already submit it, then it submit nonce with deadline 1001 secs, you get penalty

I didn't know you used penalty, I think that should be stated at the pool's info like on crowetic's and kaka's pools. How much is the penalty?

BTW, how long was SG down today?

its on "How it Work" tab, its very small any way 0.0001 share, its just to prevent spam, not to decrease multiple miner on same account share, actually its not really a penalty just see it as additional computation cost by sending useless nonce

I must be blind, can't find it 

[crowetic]

hi guys!!!
mining with just 3 seagare 4Tb...
not so much.. but let's go to pump burstcoin to gain more!!!

 

come join us at http://burst.ga !