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

[mmmaybe]

Yes.

On the other hand, a smart big actor doesn't want to have one huge wallet where the transactions can be pinpointed ("x sent y million to polo now!"). I do think Burst has gotten more users and that contributes to the network size, but also that one or several big actors are creating new wallets not to draw attention to a single wallet getting really huge/traceable.

Did a cursory analysis. Some of the new wallets seem to solo mine with comparably high hash rate (15-30TB at least, as some have interval between blocks a day or two), spotted about a dozen - for example recent one - http://burstcoin.eu/address/14335543884474859574 . My working theory its a big miner op, with separate wallet per each server.

This seems to go along with what I've noticed just looking at the recent block list in the wallet. It seems there are a large number of blocks found recently by accounts that have no transactions and have only found 1-2 blocks.

Really interesting! Do the accounts stop mining after finding one or two blocks??

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[yellowduck2]

Yes.

On the other hand, a smart big actor doesn't want to have one huge wallet where the transactions can be pinpointed ("x sent y million to polo now!"). I do think Burst has gotten more users and that contributes to the network size, but also that one or several big actors are creating new wallets not to draw attention to a single wallet getting really huge/traceable.

Did a cursory analysis. Some of the new wallets seem to solo mine with comparably high hash rate (15-30TB at least, as some have interval between blocks a day or two), spotted about a dozen - for example recent one - http://burstcoin.eu/address/14335543884474859574 . My working theory its a big miner op, with separate wallet per each server.

This seems to go along with what I've noticed just looking at the recent block list in the wallet. It seems there are a large number of blocks found recently by accounts that have no transactions and have only found 1-2 blocks.

This can be very good news or very bad news. Depending on who is controlling those account , what method they use to mine and what they intend to do.

The sudden network increase look as if "ASIC" was plug online for the first time. Like people use to mine bitcoin with GPU and the very first ASIC came online, difficulty went all the way up and never look back.

Are we in similar situation ? The first difficulty increase is only the beginning. Soon all miner will be phase out and those big miner take over the network. If so , any suggestion on what we can do about it ?

[yellowduck2]

How do we interpret that the trend of the number of wallets created broke at about the same time as the huge increase in network size?

It could mean that the huge increase of network size is due to many users joining which is much more preferable than due to one giant data center.

most datacenters have much higher free capacities than the current diff increase shows.
i know people who setup 45 disk jbods at home to mine burst and others asked me two month ago how much they can expect from each pb they add at work. the diff raised quite fast from .5 pb to 5pb over 3pb and settled much too long around 6 pb.
while bitcoin shows a negative diff for the next change estimate burst increased really much.
i personally think people got tired of catching up with the newest asic generation every 6 month before their previous invest shows a roi and therefore they try out what they think shows a huge profit perspective.
in fact there are no real options on the open market to rent mining gears for burst cause datacenters built their server for reliability.
there exists no offer to rent consumer grade equipment for "consumer" prices.
this means you have to invest in hardware or buy burst directly.
for the long term burst economy it is much better to invest into mining rigs instead of buying the coins on the exchanges directly.
only if the mining costs become high the price follows. the current price has been stable since the diff reached 6pb. therefore it is logical to follow the new diff level soon. each pb fresh storage costs roughly 100000$ in hardware. this is currently about 10% of  the network size.
in other words burst price should be around 800 satoshi. maybe this is why trading burst in volumes of above 1m a day on exchanges is almost impossible.
there are about 100m deposited on exchanges and roughly less than 1% of that got traded during the last 24h.
i dont think it is because nobody wants to buy. i think it is because people dont want to sell.
since i followed burst prices it has always been tough to buy volumes anywhere without pumping the price over 100% where it was before.
since the diff has increases for the first time after a while i expect the price to follow soon.

There is actually a mining service for burst @ http://cryptomining.farm/mining.html

 

[burstcoin]

Yes.

On the other hand, a smart big actor doesn't want to have one huge wallet where the transactions can be pinpointed ("x sent y million to polo now!"). I do think Burst has gotten more users and that contributes to the network size, but also that one or several big actors are creating new wallets not to draw attention to a single wallet getting really huge/traceable.

Did a cursory analysis. Some of the new wallets seem to solo mine with comparably high hash rate (15-30TB at least, as some have interval between blocks a day or two), spotted about a dozen - for example recent one - http://burstcoin.eu/address/14335543884474859574 . My working theory its a big miner op, with separate wallet per each server.

This seems to go along with what I've noticed just looking at the recent block list in the wallet. It seems there are a large number of blocks found recently by accounts that have no transactions and have only found 1-2 blocks.

This can be very good news or very bad news. Depending on who is controlling those account , what method they use to mine and what they intend to do.

The sudden network increase look as if "ASIC" was plug online for the first time. Like people use to mine bitcoin with GPU and the very first ASIC came online, difficulty went all the way up and never look back.

Are we in similar situation ? The first difficulty increase is only the beginning. Soon all miner will be phase out and those big miner take over the network. If so , any suggestion on what we can do about it ?

ASICs seem incredibly unlikely considering the lack of market depth alone should be more than enough to deter anyone in investing in developing one for this. The rate that net hashrate surged upwards is particularly interesting however, considering how long plotting can take, which suggests that they either have significant computational resources to plot that quickly, and possibly might not be done yet either as plotting speed could still be holding them back, or they are trying to mine pow style(fpgas?), since even if it is less efficient it still might be profitable for them.

Long-term this shouldn't result in btc's situation, as mining with unused storage space in computers being utilized for other purposes is effectively free, however we're far from the point where small efficiency differences matter that much, so the short-term situation is unclear.

[Hellsgremlin]

Hello,  

Im trying to setup for a Mining Pool,  Im having 3 Problems

Problem #1
{"errorCode":5,"errorDescription":"Unknown account"}  
From what i read i need 1 Burstcoin to Join can someone Kindly Help me out with a burst Coin to Wallet
BURST-BMFQ-H26K-4YW2-G3ZFD  Or   16552946861088230838
I also Read that i will need to Provide
2a3a6aa0d54915b6505bdeab5c8fd0da6f3f597c1a9ac2997c1ba2a89f8b2056
( both faucets are not working for me)

Problem # 2
When Plotting I read that i set my the amount of ram used,  generally max is best. Except Nothing other then 1000 Will Plot for me?  

C:\Windows\SysWOW64\java -Xmx1000m -cp pocminer.jar;lib/*;lib/akka/*;lib/jetty/* pocminer.POCMiner generate Mynumberhere 0 4000000 1000 4




Problem 3

[omskbear]

It's very, very strange. Diff falls, how to understand this? And what problems with pool v1?!!!!!!!!!! Dev its your pool, WTF?

[burstcoin]

It's very, very strange. Diff falls, how to understand this? And what problems with pool v1?!!!!!!!!!! Dev its your pool, WTF?

Can you describe better what you think is wrong with my v1 pool? I saw your first post saying it wasn't paying out, and I checked on it and it has been sending payments. I checked up on it again when I saw this message, and I'm still not seeing any indication that something is wrong.

[omskbear]

Thats my BURST-TC3L-MT96-MV6G-BMRA3.  In last two days i see in stats, that i found many shares, but i receive too small coins. calculator shows that I had to get several times more coins. Or its pool now too small and found blok very rarely? Yestarday "1670.21153350 BURST or 0.002 BTC or 0.71 USD"  its too small for 20TB

And i want to say, that its diff nothing good. I see that on exchange somebody only sell coins, too small buyers.

It would seem that it should be the opposite, coins are mined too difficult to sell them at such a course, is not profitable. So someone gets these coins too easy and profitable for him to sell and such a course.

[burstcoin]

Thats my BURST-TC3L-MT96-MV6G-BMRA3.  In last two days i see in stats, that i found many shares, but i receive too small coins. calculator shows that I had to get several times more coins. Or its pool now too small and found blok very rarely? Yestarday "1670.21153350 BURST or 0.002 BTC or 0.71 USD"  its too small for 20TB

And i want to say, that its diff nothing good. I see taht on exchange somebody only sell coins, too small buyers.

It would seem that it should be the opposite, coins are mined too difficult to sell them at such a course, is not profitable. So someone gets these coins too easy and profitable for him to sell and such a course.

The v1 pool has found very few blocks recently. The payments you received match up  exactly with when the pool found blocks. The hashrate of that pool has been decreasing over time, is currently operating at a loss, and is only still running so miners on it aren't forced to replot. The surge in difficulty over the past few days is mainly solo mining, so all pools are getting fewer blocks than they were no long ago.

[omskbear]

This means that it is better to regenerate plots and go to other pools? Plots from v1 are not suitable for v2?

[burstcoin]

This means that it is better to regenerate plots and go to other pools? Plots from v1 are not suitable for v2?

Yes. Plot files plotted to v1 pool id can only be used at v1 pool. Plots plotted to an id you own can be used for solo or any v2 pool(mine, urays, crowetics, kokos, etc). v1 pool was only ever intended to be a temporary solution to have pooled mining before the way of doing v2 was finished.

[mmmaybe]

Hello,  

Im trying to setup for a Mining Pool,  Im having 3 Problems

Problem #1
{"errorCode":5,"errorDescription":"Unknown account"}  
From what i read i need 1 Burstcoin to Join can someone Kindly Help me out with a burst Coin to Wallet
BURST-BMFQ-H26K-4YW2-G3ZFD  Or   16552946861088230838
I also Read that i will need to Provide
2a3a6aa0d54915b6505bdeab5c8fd0da6f3f597c1a9ac2997c1ba2a89f8b2056
( both faucets are not working for me)

[---]

I've sent you some coins. When you receive it, you have to send some coins somewhere to secure the account.


***Edit: http://faucet.burstcoin.info was empty, I sent 1000 coins. Feel free to donate some so new miners can get started.

[mmmaybe]

Yes.

On the other hand, a smart big actor doesn't want to have one huge wallet where the transactions can be pinpointed ("x sent y million to polo now!"). I do think Burst has gotten more users and that contributes to the network size, but also that one or several big actors are creating new wallets not to draw attention to a single wallet getting really huge/traceable.

Did a cursory analysis. Some of the new wallets seem to solo mine with comparably high hash rate (15-30TB at least, as some have interval between blocks a day or two), spotted about a dozen - for example recent one - http://burstcoin.eu/address/14335543884474859574 . My working theory its a big miner op, with separate wallet per each server.

This seems to go along with what I've noticed just looking at the recent block list in the wallet. It seems there are a large number of blocks found recently by accounts that have no transactions and have only found 1-2 blocks.

This can be very good news or very bad news. Depending on who is controlling those account , what method they use to mine and what they intend to do.

The sudden network increase look as if "ASIC" was plug online for the first time. Like people use to mine bitcoin with GPU and the very first ASIC came online, difficulty went all the way up and never look back.

Are we in similar situation ? The first difficulty increase is only the beginning. Soon all miner will be phase out and those big miner take over the network. If so , any suggestion on what we can do about it ?

ASICs seem incredibly unlikely considering the lack of market depth alone should be more than enough to deter anyone in investing in developing one for this. The rate that net hashrate surged upwards is particularly interesting however, considering how long plotting can take, which suggests that they either have significant computational resources to plot that quickly, and possibly might not be done yet either as plotting speed could still be holding them back, or they are trying to mine pow style(fpgas?), since even if it is less efficient it still might be profitable for them.

Long-term this shouldn't result in btc's situation, as mining with unused storage space in computers being utilized for other purposes is effectively free, however we're far from the point where small efficiency differences matter that much, so the short-term situation is unclear.

I want to add that throughout this growth, it still has been very possible to make earnings. My income rates haven't dropped that much (approximately ~20%), and one my two major accounts I've found blocks every day.

Having said that, we can of course see a much bigger growth in the future, making it really hard to compete. However, you will always be able to make some coins through the pool.

Also, in the future we might see more services like www.cryptomining.farm/mining.html, but much more professional, looking similar to www.ZenMiner.com or www.LTCgear.com.

Mining Burst will always be possible.

[callmejack]

Is there any possibility to automate the generating of sets BURST ADDRESS <-> PASSWORD <-> POOLv1 ID?

sure, you can script almost everything.
if you want dedicated named addresses like BURST-JACK-FSQD-2PEF-2HMZ7 with almost secure passwords you can use this sort of this shellscript:

while [ true ];
do
        secret=`openssl rand -base64 45`
        result=`curl --silent 'http://127.0.0.1:8125/burst' -H 'Origin: http://127.0.0.1:8125' -H 'Accept-Encoding: gzip,deflate' -H 'Accept-Language: en-US,en;q=0.8,de;q=0.6' -H 'Content-Type: application/x-www-form-urlencoded; charset=UTF-8' -H 'Accept: */*' -H 'Referer: http://127.0.0.1:8125/test?requestTag=ACCOUNTS' -H 'X-Requested-With: XMLHttpRequest' -H 'Connection: keep-alive' --data "requestType=getAccountId&secretPhrase=$secret" --compressed|awk -F':' '{print $4}'|awk -F',' '{print $1}'|awk -F'"' '{print $2}'|awk -F'-' '{print $2}'`
echo "address start: $result $secret"
        if [[ $result == *JACK* ]]
        then
                echo "result is $result with secret: $secret"
                touch ./$secret
                break
        fi
done

i still have a issue with curl. if the random privatekey contains a + curl truncates or converts them somehow so that you cannot use them with the wallet ui.
beside this it shows you can fund accounts and assign the reward receipient and do withdrawals utilizing curl and shellscript.

[Faust Roland]

Is there any possibility to automate the generating of sets BURST ADDRESS <-> PASSWORD <-> POOLv1 ID?

sure, you can script almost everything.
if you want dedicated named addresses like BURST-JACK-FSQD-2PEF-2HMZ7 with almost secure passwords you can use this sort of this shellscript:

while [ true ];
do
        secret=`openssl rand -base64 45`
        result=`curl --silent 'http://127.0.0.1:8125/burst' -H 'Origin: http://127.0.0.1:8125' -H 'Accept-Encoding: gzip,deflate' -H 'Accept-Language: en-US,en;q=0.8,de;q=0.6' -H 'Content-Type: application/x-www-form-urlencoded; charset=UTF-8' -H 'Accept: */*' -H 'Referer: http://127.0.0.1:8125/test?requestTag=ACCOUNTS' -H 'X-Requested-With: XMLHttpRequest' -H 'Connection: keep-alive' --data "requestType=getAccountId&secretPhrase=$secret" --compressed|awk -F':' '{print $4}'|awk -F',' '{print $1}'|awk -F'"' '{print $2}'|awk -F'-' '{print $2}'`
echo "address start: $result $secret"
        if [[ $result == *JACK* ]]
        then
                echo "result is $result with secret: $secret"
                touch ./$secret
                break
        fi
done

i still have a issue with curl. if the random privatekey contains a + curl truncates or converts them somehow so that you cannot use them with the wallet ui.
beside this it shows you can fund accounts and assign the reward receipient and do withdrawals utilizing curl and shellscript.

Or you can use my fork of burstcoin - I made simple address generator - see vanitygen.sh
https://github.com/faustroland/burstcoin (currently I am requesting merge into official one)

It asks you for password and then it starts searching addresses for passX (where X is integer)

[bensam123]

Pretty sure the difficulty jump is from GPU miners jumping ship as GPU mining is currently sinking right now due to power costs being more then what you make. That's one of the reasons I'm leery of Burst as well though. If this sinks, you're stuck with a bunch of HDs with almost no resale value.

[bobafett]

Pretty sure the difficulty jump is from GPU miners jumping ship as GPU mining is currently sinking right now due to power costs being more then what you make. That's one of the reasons I'm leery of Burst as well though. If this sinks, you're stuck with a bunch of HDs with almost no resale value.

you can easy resale you hds as you can easy resale your gpus. I minded Litecoin over a year and quit as the scrypt asics arrived. i sold all my hardware that i had used for over a year with 30% loss at ebay. But i gained 1000% profit from mining and price increase from litecoin.

so i made a lot of profit.....

[omskbear]

Diff from 9000 go to 13000 in several hours. I dont believe that everything is clean. I'm beginning to think that someone hacked  the network or someone could make the GPU miner. And the price does not grow, the one who came up with the big powers are satisfied and this price.

And if everything continues in the same way, the popularity of the coin will only fall, people either shut down mining, or will other similar coin and they will go there.

[bobafett]

if something is hacked, it would be bad. but i dont think so.


a fews pages before people compain about that the diff is not rising and the intrest in the coin is not increasing.

now we have growing number of accounts, rising diff.... so what is better?

[omskbear]

if something is hacked, it would be bad. but i dont think so.


a fews pages before people compain about that the diff is not rising and the intrest in the coin is not increasing.

now we have growing number of accounts, rising diff.... so what is better?

This growth is unnatural. Someone is trying to capture a very large network, the number of people increased by 1-2, and the network has doubled.