[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 1148.

jzhoulon

full member

Activity: 238

Merit: 100

Quote from: abctc on August 25, 2014, 07:51:42 AM

Quote from: Ardolafat on August 25, 2014, 07:32:05 AM

Quote from: abctc on August 25, 2014, 07:23:40 AM

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

- the coin "cap" of this coin is 50'000'000 now and will be 100'000'000 in 13 days.

So someone needed to put ~$2'000 into this coin every day only to retain current price.

This coin brings the innovation in mining, but what it brings to customer? Nothing new. So who would pay $2'000 daily?

You can say the same about every minable coin

- no, some of them at least claim that they bring to users (=buyers of coin) new level of security or anonymity, or some speed, or some fun.. But nothing new here. There is even no data storage for users:

Quote from: burstcoin on August 23, 2014, 09:33:37 PM

The problem with data storage, is with the current system, anyone can generate the same plot given the address/nonce combination stored in the blockchain to verify things, but if you try to do data storage, not everyone can store a copy of all the data.

- personally I was sure, that deleloper has designed that even before the start...

+1 I said this problem before, and i have asked if there is any future development of this coin, for now, only i know is that this mining method is inovative, but not the coin itself, if not adding some application or advantage, this will be a big problem to this coin, lets say, yes, this is inovative to miners, but one years later, after all coins were mined , what's the advantage of this coin compared to others, others have anonymity, can chat with each other, some can be used for playing game, what 's the advantage of this coin itself,, but when i asked this question, some guys just say it will have more function, but can not tell detailly

dcct

sr. member

Activity: 280

Merit: 250

Quote from: abctc on August 25, 2014, 07:51:42 AM

Quote from: burstcoin on August 23, 2014, 09:33:37 PM

The problem with data storage, is with the current system, anyone can generate the same plot given the address/nonce combination stored in the blockchain to verify things, but if you try to do data storage, not everyone can store a copy of all the data.

- personally I was sure, that deleloper has designed that even before the start...

Noone needs to store a copy of all the data! The only disadvantage of this is it takes a little longer to verify the blockchain, compared to BTC/NXT.

Prototyp

sr. member

Activity: 252

Merit: 250

Quote from: abctc on August 25, 2014, 07:51:42 AM

Quote from: Ardolafat on August 25, 2014, 07:32:05 AM

Quote from: abctc on August 25, 2014, 07:23:40 AM

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

- the coin "cap" of this coin is 50'000'000 now and will be 100'000'000 in 13 days.

So someone needed to put ~$2'000 into this coin every day only to retain current price.

This coin brings the innovation in mining, but what it brings to customer? Nothing new. So who would pay $2'000 daily?

You can say the same about every minable coin

- no, some of them at least claim that they bring to users (=buyers of coin) new level of security or anonymity, or some speed, or some fun.. But nothing new here. There is even no data storage for users:

The Coin is new, the most Coins starts with nothing. It need Time for development to implement new features. I hope burstdev will add new features, because only that will decide whether burst a success.
The comunity is very active and the coin is innovative. That is in itself a healthy basis.

SpeedDemon13

hero member

Activity: 518

Merit: 500

Quote from: dcct on August 25, 2014, 07:49:45 AM

Quote from: SpeedDemon13 on August 25, 2014, 07:48:56 AM

Anyone having issues with c-cex loading up properly, prices and buy/sell columns not loading? All other exchange run fine when I use them. ie. Poloniex, BTER, BTC38, Cryptsy, Mintpal, etc...

Same here, they dont show up until you login.

Oh, so they changed the permission for viewing. Ok, I got it....That's kind of lame...lol

abctc

legendary

Activity: 1792

Merit: 1038

Quote from: Ardolafat on August 25, 2014, 07:32:05 AM

Quote from: abctc on August 25, 2014, 07:23:40 AM

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

- the coin "cap" of this coin is 50'000'000 now and will be 100'000'000 in 13 days.

So someone needed to put ~$2'000 into this coin every day only to retain current price.

This coin brings the innovation in mining, but what it brings to customer? Nothing new. So who would pay $2'000 daily?

You can say the same about every minable coin

- no, some of them at least claim that they bring to users (=buyers of coin) new level of security or anonymity, or some speed, or some fun.. But nothing new here. There is even no data storage for users:

Quote from: burstcoin on August 23, 2014, 09:33:37 PM

The problem with data storage, is with the current system, anyone can generate the same plot given the address/nonce combination stored in the blockchain to verify things, but if you try to do data storage, not everyone can store a copy of all the data.

- personally I was sure, that deleloper has designed that even before the start...

dcct

sr. member

Activity: 280

Merit: 250

Quote from: SpeedDemon13 on August 25, 2014, 07:48:56 AM

Anyone having issues with c-cex loading up properly, prices and buy/sell columns not loading? All other exchange run fine when I use them. ie. Poloniex, BTER, BTC38, Cryptsy, Mintpal, etc...

Same here, they dont show up until you login.

SpeedDemon13

hero member

Activity: 518

Merit: 500

Anyone having issues with c-cex loading up properly, prices and buy/sell columns not loading? All other exchange run fine when I use them. ie. Poloniex, BTER, BTC38, Cryptsy, Mintpal, etc...

Ardolafat

sr. member

Activity: 476

Merit: 250

Quote from: abctc on August 25, 2014, 07:23:40 AM

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

- the coin "cap" of this coin is 50'000'000 now and will be 100'000'000 in 13 days.

So someone needed to put ~$2'000 into this coin every day only to retain current price.

This coin brings the innovation in mining, but what it brings to customer? Nothing new. So who would pay $2'000 daily?

You can say the same about every minable coin

Prototyp

sr. member

Activity: 252

Merit: 250

The difficulty increases massively, the coin is new and in the first week had many user problems with the technique. That is why the early miner found many blocks. Even if electricity costs are lower than the GPU mining, there is no reason to dump. All had more of them if they would wait and not fill the buy order.

Btw, Burst need a Homepage und more PR. I think the Community can help or donate.

abctc

legendary

Activity: 1792

Merit: 1038

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

- the coin "cap" of this coin is 50'000'000 now and will be 100'000'000 in 13 days.

So someone needed to put ~$2'000 into this coin every day only to retain current price.

This coin brings the innovation in mining, but what it brings to customer? Nothing new. So who would pay $2'000 daily?

KSpinner

newbie

Activity: 41

Merit: 0

No whale...LOL...just throwing up some buy support is all... Grin

*Remember the dayz when almost a Bitcoin meant you were a struggling miner? LOL*

jzhoulon

full member

Activity: 238

Merit: 100

Quote from: Prototyp on August 25, 2014, 06:47:44 AM

But all the big miner keep their coins, show an the wallets. I think this are the smaller miner that sell their coins to cheap.
Check out the wallets of the larger miner, the most have not sold any coins.

I'm not saying it must be the big holders sell, what i say is current difficulty is not high, the difficulty is the same to big miner or to small miner, small miners can still easily mine lots of blocks every week, every burst is pure profit, may be they are just major in mining gpu or cpu, and these are extra profit. these all can be due to the burst can be mined easily and the difficulty is just too low

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

I honestly don't know who could possibly dump at this price.

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

Whoever sells at this price is brain dead. Once we get added to a proper exchange with more exposure, no offence C-Cex, but your exchange is dead, expect the market cap to reach up to 1000 BTC...at least

it doesn't work in that way, as long as miner are making profit out of it, they will continue to sell regardless of everything else

for bitcoin is the same is the most innovative, is the first, but miners sell , they need profit, no matter what

Ardolafat

sr. member

Activity: 476

Merit: 250

whale is on c-cex Wink

Those who dumped below 100 are already fucked Grin

Prototyp

sr. member

Activity: 252

Merit: 250

But all the big miner keep their coins, show an the wallets. I think this are the smaller miner that sell their coins to cheap.
Check out the wallets of the larger miner, the most have not sold any coins.

jzhoulon

full member

Activity: 238

Merit: 100

Quote from: AnonymousEconomist on August 25, 2014, 05:40:06 AM

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

I honestly don't know who could possibly dumurp at this price.

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

Whoever sells at this price is brain dead. Once we get added to a proper exchange with more exposure, no offence C-Cex, but your exchange is dead, expect the market cap to reach up to 1000 BTC...at least

+ 1 million

you know, it makes no sense to advise them not sell at such low price, may be they were just feel it is easy to mine, several person hold > 1million burst, and also some person have mined >2million within two week, just randomly click the blockfinder in NRS, you will easily find some guys hold >1million burst. for them, even at the price now, it is still bring a great profit for them, suppose if I have mined 1million two week, and sell at 0.009btc/1block, i can still get 0.9btc, it is really a great profit compared to any other coins, it is not low for them at all. the only thing we can do is attract more and more miners in burst, and increase the difficulty of the mining, only they realized they can't mine as easy as before, they will hesitate to sell at such price, the difficulty is too low now.

AnonymousEconomist

full member

Activity: 154

Merit: 100

Add me on Twitter! @AnonOnAMoose

Quote from: Wulfcastle on August 25, 2014, 05:33:50 AM

I honestly don't know who could possibly dump at this price.

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

Whoever sells at this price is brain dead. Once we get added to a proper exchange with more exposure, no offence C-Cex, but your exchange is dead, expect the market cap to reach up to 1000 BTC...at least

+ 1 million

Wulfcastle

hero member

Activity: 546

Merit: 500

I honestly don't know who could possibly dump at this price.

At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.

Whoever sells at this price is brain dead. Once we get added to a proper exchange with more exposure, no offence C-Cex, but your exchange is dead, expect the market cap to reach up to 1000 BTC...at least

Ardolafat

sr. member

Activity: 476

Merit: 250

We forgot about website Cheesy

Anyone is making it ?

duilionet

member

Activity: 84

Merit: 10

Quote from: tricass on August 25, 2014, 04:57:20 AM

Quote from: duilionet on August 25, 2014, 04:51:36 AM

Please, what is this error?

Code:

[INFO] [08/23/2014 09:48:38.557] [default-akka.actor.default-dispatcher-19] [akka://default/user/$a/$l/$a]
Message [pocminer_pool.ScoopReader$msgReadScoops] from Actor[akka://default/user/$a/$l#1541951261]
to Actor[akka://default/user/$a/$l/$a#-1804129136] was not delivered. [10] dead letters encountered, no more dead letters will be logged.
This logging can be turned off or adjusted with configuration settings 'akka.log-dead-letters' and 'akka.log-dead-letters-during-shutdown'.

I seem to have realized that it is a disk problem. I have the plots on a NAS ... it could be the network latency? I'm finding little or no shares since last night. Currently I have about 1,62TB file plots but I'm not finding shares.
Thanks in advance

just harder to find blocks in general. i was averaging 1-2 blocks per day on 2.5tb but that's dropped down to 1 per day if i'm lucky. i'm waiting for pool v2 to come along.

Thanks tricass. So it means that the miners have risen in the pool and also the size of their plots. Bad for me but good for Burst Coin. Grin

I look forward to the new pool v2. Now I have to figure out what that mistake .... it seems only an info but I do not understand what.

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 1148. (Read 2170889 times)