Topic: [ANN] -NEW BURST OP- MINE ANY FREE SPACE-(HDD MINING)- ATs, AE, P2P MARKET+MORE! - page 59. (Read 346521 times)

This ain't no pump and dump guys, no one is gonna pay at least 30 BTC over 2 days in fees to polo for a "pump" that could have been done for a lot less. I view this volume as an introductory "Hello World, Burst has arrived" sort of pump and I expect it to carry on rising a la ETH, XMR (in terms of percentage increase)

It won't happen overnight but more like over 2 nights, joking aside, If you truly believe in this coin, don't try to fight or outsmart the whales as you will only get bitch-slapped and you lose your coins. Buy and HODL and your patience will be rewarded.

I don't currently have a miner on .BIZ, but I do on .EU and burst-team, which are in the same datacenter and VM Cluster as .Biz, and all my miners are at 100%. I'll take a look at the server, but this is the first I've heard of any network issues. I'll take alook at the ,BIZ server though - anyone else having problems with .BIZ ?  As for forking, there was none today - I get a text message from the Monitor anytime one of the observed pools/wallets/faucet forks - and they've all be rock solid.

@all:

Is it possible to change an order (buy or sell) i gave to the asset exchange? The order is not fulfilled at the moment. Is it possible to cancel the order or only to adjust the limit? Thanks for your answer.

EDIT: Found it, after looking at the crowetic tutorial. Searched the cancel button on the right side

I know what you mean and as I said in a previous post someone is even selling Bsilver assets below 100 Burst coins which is a steal at theses prices because they were released for 100 Burst coins each. So for anyone who has Burst sitting on an exchange and got those Burst coins cheap (under 80 sats) then now is a good time to buy some cheap assets.

I've counted them.

2 years with BURST = 54 hard drives.   Man, all the hardware issues with connecting them all to rigs, but connected and mining 24/7 they are (although it's a mess).  

I would likely stay on eu pool, it needs more power, I think if we can level out the power it would be good for the coin.

Also, we've got new pool software in development, that potentially could reduce the load on the wallets, which I think is what is causing the forking, along with the new multithreading that is still having some kinks worked out. So I think that should definitely help. But yes, we're on it. We do our best to compensate miners that mined forked blocks, and keep the pools issue-free, but yes, with the new multithreaded wallet, there have been some random things happening that we're still resolving, they don't happen on testnets, so finding the actual issue is proving a bit more difficult, I personally think that the new pool software should make a good difference.

@crowetic, thank you for your response...I know things like this happen and please believe me when I say that I have no doubt you and your team are on top of things...just lately it seems "these things happen"-type things are happening a lot and I am just unsure where to post such alerts as Network Quality issues and forking concerns on the Forum...I am assuming you guys are US based which means being in Germany I see your overnight unfold during my daytime which can make it also a bit frustrating to watch and have no idea where to turn for help.

I prefer pool mining which is why I am not so excited to go solo unless absolutely necessary; as we speak I am plotting another 8 TB to add to my existing 11 which is why I am posing the question here: where should I go? Not trying to antagonize or appear ungrateful, just want to know where to turn when issues like these occur. You guys have sold me on Burst long ago, just need to know where resources are best utilized for the future!

Well, what a ride. Good to see some nice volume and rise. However, my advice as usual: Don't get too excited
I was wondering the whole time who invested such a big amount in BURST since there are no really big news.

Don't get me wrong, I really like this coin in every aspect, but you have to be realistic.
There is currently no REAL use for BURST (the same applies to nearly every other alt-coin) other than just having it.

So why the extreme rise? It's either pump & dump, or (just a wild guess) someone uses BURST for 'money laundering'.
While I agree that it would be nice to see a higher price for BURST, I watch the numbers closely, and these are my observations:

1. 41.41 % of all BURST coins that have ever been mined are currently sitting on Poloniex. Thats over 650 million BURST coins! They are most likely not all meant to be sold, but who knows.
2. 4.39 % of all BURST coins are currently stored @ Bittrex. Thats around 68 million.

That means nearly half of all coins are on an exchange, with the possibility of being sold on the market. ~720 million BURST coins.

3. While the amount of BURST coins placed in sell orders are getting more and more (currently 230 million), I noticed that the bitcoins placed in buy orders are getting less and less. Today around 150 BTC disappeared (read were pulled out) and currently there are buy orders for ~260 BTC (this was ~320 BTC a few hours ago). So it's safe to say that for the moment it looks like that demand is lower than BURST coins that can be acquired.

4. There are a lot of 'artificial' buy orders. You can easily spot them most of the time, sometimes it's not so obvious. A good indicator is always a big buy order which is placed a few satoshi below the current highest bid. As soon as the price goes down, this buy order gets deleted, and replaced a little lower. So the intention is most likely not to buy the coins, but to make it look like there is a big demand.


What does that mean? Well, everyone has to make their own mind, but as much as I wish that the price explodes, I currently think that this was just a short term pump (followed by a dump). Therefore, especially people who are new to crypto trading: Always only invest what you are willing to lose. Never catch a falling knife. And never get emotional. Try to think about your investments.

Especially when a coin makes 300%+ in a short period of time (check the charts) be aware that it might just be a big player who wants to make some bucks.

I for myself sold a big potion of my coins during the rise, and made a pretty nice profit since I bought a big amount of my coins at the end of last year for 18 satoshi
I still think that BURST has one of the best algorithm of all crypto coins, and the guys managing this coin are doing a fantastic job (I just hope you also sold a few coins near peak to finally get paid for your work).

And I will definitely buy in again, should the price go down a little more. If I'm wrong and it will explode even more, there will also be a new chance.

tl;dr: use your brain when investing, and may everyone be happy in the end.

Long live BURST

This is not typical, there could be an issue at one of the data centers. Things like this happen, but they will all be resolved. If you'd like, go try mining solo, then you don't have to rely on a pool at all. Alternatively just trust that the issues will be handled. I'm going to be putting feelers out for more Java developers, to make sure the current devs have ample assistance. This is all part of a coin's growth. Don't worry, the core of the team will keep growing and making the changes necessary to keep things running as smoothly as possible.


I'll check with haitch about the network quality issues on .biz pool and see if there's anything going on. Thanks!

Decentralization sounds great on paper but in reality it does not seem to work without more enforcement...I did what was asked on the Forum and took my 11TB from us.pool over to .biz. It appears that the whole day today was spent again with forking issues and network quality problems, literally no payout whatsoever on .biz while ninja seems to have been cleaning up quite nicely. At least on the us pool there was usually something. Additionally I think the rotten day had a lot to do with the network quality: many times my deadlines were not even being submitted or confirmed, kept getting error 10060. Even now the network quality is at around 40%; has been like this the whole day it seems and yet not a bit of advice or notice on the forum. Is this just on .biz or is this network wide?

The Forum or the pools themselves really need to be more responsive in handling these technical issues when they occur, not sure where to go really now...just know that keeping 11TB on .biz seems like a waste and a bit unfair, would like to help with decentralization and agree it needs to be achieved but not on just a few miners expense.

This is the site where pools, network, assets and crowdfundings are supposed to be listed: http://util.burst-team.us:8888/pool

Here is a google spreadsheet of most pools: https://docs.google.com/spreadsheets/d/1KHu9BWwy_QXIYAx2m_Tzs9BqPoTYUDhEDbHihZEXGsE/edit#gid=81124645

please visit the forum for further questions/specifics

I like 5 to 15% of network in a pool.  Decentralization is the key!  Do you have a URL to a resource displaying pool distribution like this http://etherx.com/pools/ but for 3urst?

Anyone here having Network Quality problems on the burstcoin.biz pool?

No ICO, no premine, no stealth mining launches or similar games.

Just straight up mining from the start.

Is it true that the ICO has not been in BURST?

Feel free to join the ongoing discussion of the Burstcoin price in the Burstcoin [BURST] Price Speculation thread

https://bitcointalksearch.org/topic/burstcoin-burst-price-speculation-1513328

well all my BURST come from mining

believe then earn or play the ride just be careful with the timing entry pount is very important for all of us
but for sure this coin have strong future to have.

i was asking to myself what was going on with burst in last days after checking the burst price on polo, now i understand it, burst still growing up like deserved, good job devs!



be 100% sure about that, people still don't realize that this coin has lot of potential, let's hope that we can take some more advantage from all of them