Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 1093. (Read 2170889 times)

block-explorer is on git dude

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

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

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

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!

Currently,in most cases,miners can not even earn the electricity power fee.mining for the future price

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.

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.

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

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

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