[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 1115.

AnonymousEconomist

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Quote from: timk225 on August 29, 2014, 12:54:09 AM

With nearly 2 PETABYTES on this coin already, 2000 Terabytes, maybe the time to buy more hard drives is over. I've been trying to get a good deal on hard drives on ebay for 2 days, but no one has my financial interests as first place in their minds. $30 per TB is about as cheap as it gets.

So as someone wrote earlier, at 1800 TB and 1 TB getting a block every 3.16 days, then when the difficulty soon reaches 2000 TB you can expect a block every 3-1/2 days mining solo.

So even if I were to buy 10 TB worth of drives I'd be out a few hundred dollars, and with little chance of making it back, much less a profit.

Now I'm kind of glad no one took one of my offers.

And when this multi pool goes up...

We will see something we have never seen!

timk225

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With nearly 2 PETABYTES on this coin already, 2000 Terabytes, maybe the time to buy more hard drives is over. I've been trying to get a good deal on hard drives on ebay for 2 days, but no one has my financial interests as first place in their minds. $30 per TB is about as cheap as it gets.

So as someone wrote earlier, at 1800 TB and 1 TB getting a block every 3.16 days, then when the difficulty soon reaches 2000 TB you can expect a block every 3-1/2 days mining solo.

So even if I were to buy 10 TB worth of drives I'd be out a few hundred dollars, and with little chance of making it back, much less a profit.

Now I'm kind of glad no one took one of my offers.

Prototyp

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With 6Tb your can find Block without a pool, but the diff increases.

Sglasio

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it makes sense to 6Tb mining at solo?

AnonymousEconomist

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Quote from: Prototyp on August 29, 2014, 12:45:54 AM

+ 10k Burst from me.

@ Burstdev Can we Donate for a Homepage? I think that would be important to attract more investors and also for a larger echange. Many do not want to buy on c-cex.

Thank you, OP updated

Prototyp

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Activity: 252

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+ 10k Burst from me.

@ Burstdev Can we Donate for a Homepage? I think that would be important to attract more investors and also for a larger exchange. Many do not want to buy on c-cex.

AnonymousEconomist

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Quote from: burstcoin on August 28, 2014, 11:57:05 PM

Quote from: AnonymousEconomist on August 28, 2014, 11:15:39 PM

Quote from: BChydro on August 28, 2014, 10:37:43 PM

Quote from: AnonymousEconomist on August 28, 2014, 10:11:47 PM

Quote from: Vorksholk on August 28, 2014, 09:59:45 PM

I'll pitch in 25k burst for a multipool.

Oh nice that's what I'm talking about!

So we are up to 30k for the multipool

5k more from me

Nice.

Hey dev! Can you put this 35k multi pool bounty in the OP?

If you want to keep the running total in a post, I'll link to there.

Put me down for 15k also.

Done! Current bounty is 50k, 5 entire blocks worth!

https://bitcointalk.org/index.php?topic=760883.new#new

burstcoin

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Quote from: AnonymousEconomist on August 28, 2014, 11:15:39 PM

Quote from: BChydro on August 28, 2014, 10:37:43 PM

Quote from: AnonymousEconomist on August 28, 2014, 10:11:47 PM

Quote from: Vorksholk on August 28, 2014, 09:59:45 PM

I'll pitch in 25k burst for a multipool.

Oh nice that's what I'm talking about!

So we are up to 30k for the multipool

5k more from me

Nice.

Hey dev! Can you put this 35k multi pool bounty in the OP?

If you want to keep the running total in a post, I'll link to there.

Put me down for 15k also.

jzhoulon

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why one of my computer mines the 6292 block while other mines the 6296, last night they mined the same block, but now one computer falls behind , is that normal?

AnonymousEconomist

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Quote from: BChydro on August 28, 2014, 10:37:43 PM

Quote from: AnonymousEconomist on August 28, 2014, 10:11:47 PM

Quote from: Vorksholk on August 28, 2014, 09:59:45 PM

I'll pitch in 25k burst for a multipool.

Oh nice that's what I'm talking about!

So we are up to 30k for the multipool

5k more from me

Nice.

Hey dev! Can you put this 35k multi pool bounty in the OP?

BChydro

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Activity: 1426

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Quote from: AnonymousEconomist on August 28, 2014, 10:11:47 PM

Quote from: Vorksholk on August 28, 2014, 09:59:45 PM

I'll pitch in 25k burst for a multipool.

Oh nice that's what I'm talking about!

So we are up to 30k for the multipool

5k more from me

neite99

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Activity: 560

Merit: 250

Quote from: MOB on August 28, 2014, 10:09:34 PM

Sorry for yet another question, but with my 8x3TB drives that are not in JBOD or RAID0 but just singles, how do I get all of them to mine? Do I run multiple mining instances?

Yes. One for each drive

The miner uses the plot folder that is in the same directory. So if you fill each plot folder with plots you need to run the miner for each one.

AnonymousEconomist

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Quote from: Vorksholk on August 28, 2014, 09:59:45 PM

I'll pitch in 25k burst for a multipool.

Oh nice that's what I'm talking about!

So we are up to 30k for the multipool

MOB

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Activity: 493

Merit: 504

Sorry for yet another question, but with my 8x3TB drives that are not in JBOD or RAID0 but just singles, how do I get all of them to mine? Do I run multiple mining instances?

jzhoulon

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Quote from: crowetic on August 28, 2014, 09:05:02 PM

Quote from: AnonymousEconomist on August 28, 2014, 08:45:54 PM

I like the idea that you can't use the space. It makes it more valuable. That means you need to buy HDD space specifically for mining BURST, thus raising the value.

Can we get a multipool bounty going please?

I pledge 5k BURST. This will up the buying pressure and bring attention.

At first I liked the idea of being able to use the space, but currently my thought process is more in line with yours. I also believe it's more valuable when you buy hardware specifically for it.

no, if the mining needs specific hardware, this difficulty will be low for those who owns specific hardware and high for those who haven't , that is , this coin can be mined easily by those who owns hardware but not for those who haven't, then who have no hardware must by the coin if they want, but those own the hardware still can easily mine the coin, but hdd, every one has, increase one miner, difficulty increase, this will really increase the difficulty and cost, when every one can mine little, then when the burst's value increase, none have the ability to dump it , but for those which need hardware, the owner still can easily dump the coin

Vorksholk

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I'll pitch in 25k burst for a multipool.

AnonymousEconomist

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The unique thing about a multipool for BURST, would be that it would consistently up the profitability for mining on the HDD, thus increasing the difficulty, which of course, raises the price. A circle of price increases. First of it's kind, too.

I think I'll hold for years if a multi pool comes out now.

crowetic

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https://crowetic.com | https://qortal.org

Quote from: AnonymousEconomist on August 28, 2014, 08:45:54 PM

I like the idea that you can't use the space. It makes it more valuable. That means you need to buy HDD space specifically for mining BURST, thus raising the value.

Can we get a multipool bounty going please?

I pledge 5k BURST. This will up the buying pressure and bring attention.

At first I liked the idea of being able to use the space, but currently my thought process is more in line with yours. I also believe it's more valuable when you buy hardware specifically for it.

AnonymousEconomist

full member

Activity: 154

Merit: 100

Add me on Twitter! @AnonOnAMoose

I like the idea that you can't use the space. It makes it more valuable. That means you need to buy HDD space specifically for mining BURST, thus raising the value.

Can we get a multipool bounty going please?

I pledge 5k BURST. This will up the buying pressure and bring attention.

familiaverde

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Activity: 560

Merit: 250

Quote from: uray on August 28, 2014, 08:33:04 PM

Quote from: familiaverde on August 28, 2014, 08:25:48 PM

Quote from: uray on August 28, 2014, 08:18:31 PM

Quote from: familiaverde on August 28, 2014, 08:16:54 PM

We really need that v2 pool ... if we want more ppl to mine this coin .... it is very hard to get 1 block

to be honest, we need more people buying this coins, instead of mining it ! LOL LOL
difficulty is gone crazy !

Dont worry we will have a lot of people buying this coin after we hit a bigger exchange ... nobody need expensive electricity bills anymore ... we need aother alternative to mine coins and this is the best untill now .

well you will still need expensive storage...

but what good about this concept is that, we are striving to find how can mining is affordable to regular peoples, ASIC too expensive, GPU less expensive but running cost is huge, CPU everyone have it but botnet and infected computer can dominate the hashrate

storage : almost all regular people own it, its relatively cheap, running cost is even cheaper, and botnet can't create 1 TB of data on their infected PC, so... this is what closest so far for ideal mining concept

and please dont mention PoS, DPoS or anything related to stake, thats not real mining

This is my opinion too ... it will be bigger if we will use this space for someting ... now we only keep hdd full with plots ...

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 1115. (Read 2170889 times)