Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 1191. (Read 2170889 times)

Wasn't there an FAQ started somewhere in the thread? Has that been fleshed out, and could it be linked to in the OP? Maybe that will save some of the repetition.

Extremely overvalued and in the longterm price will crash because the current valuation per coin way to hig.

because if you buy coins now and hold them until all are mined then you have a valuation according to my math... People are very shortsided...

miner will like this coin..

do you mean now that bursts are under- or overvalued?
my english is not good...

Wow. Its a madhouse in here.

I think we need to clarify a few things here.

First of all, unless some expert wants to spend a huge amount of time coding some ridiculously complex security measures for the pool then we just plain flat out need to generate new plots that are keyed to the pool address that is given to you when you do the ridiculously hard task of pasting your BURST address in the box and clicking the button.

Once you have that address all you do is generate plots wit the same instructions but you use the pool address.

If you are new here than I would highly recommend reading through the thread. Almost anything you could ask has already been answered.

Its pretty easy to figure out the amount in circulation right now.

On the pool site   http://198.199.103.145:8121/

click the "network state" link. "Height" is the current block number. There has been no reward reduction yet (it reduces 5% a month and we haven't been mining a month yet) so the current amount is simply that number multiplied by 10,000.

as of the time of this writing we are on block 3260

so

3260*10,000=  32,600,000


As far as the pool situation I have some advice. START GENERATING PLOTS USING THE POOL ADDRESS. It has taken me almost a week to fill 6 TB of plots and I have been using 3 servers to do it. The amount of "hash" power is going to grow and eventually even my 6 TB will not find blocks. So I can either start generating plots for the pool (which I am) or miss out on a huge amount of BURST.

I am creating new plots on a different 2tb drive and when it is full I will start replacing my solomining plots with pool plots. It is just the natural way these things go and I would advise all of you to do the same.

I want to say one more thing about the pool. The dev worked hard to get a pool running and all I see is complaints about how it works. You really need to think about what goes into creating a new type of pool from scratch. This isn't a small feat. Honestly I think the dev is a genius. He is PROTECTING you by having you NOT use your personal address. I would think that would be obvious.

Onward

who teach you so comical math , total nxt coin now is 1billion, and total burst now is 30 million, how can the "total value of bursts right now amounts to 220,000,000 NXT." funny

1 address is enought but don't overlap nnonces. If you using linux or windows vista or greater link 1 of the plot files to the others path.

don't everyone know?
plz help me.

The pricing on the NXT AE is comical.

They want 0.1 NXT per Burst, even though there will be 2.2 times more bursts then NXT.

That means that the total value of bursts right now amounts to 220,000,000 NXT. Hahahahaha

Yea, not to mention the space used to mine is completely wasted space as far as a data center is concerned, so I don't think anyone in a data center will do this, maybe with a single server they aren't using, but I highly doubt that a huge data center would risk all of their usual profit plotting space for a new altcoin.

sell 0.04BTC/10K    ,max amount :100K

You overlook something. Storage capacity is cheap but who generated the plots for 1 PB. Computing capacity is not cheap and no one have 10, 20 or 50 free server in a data center.

I have tested many options and the best option is a dedicatet physikal Server. VMs require a long time 100% CPU usage also affects other VMs.
One Server with 16 core generated approximately 1TB in one day.

How did you determine that a 20 GB plot file = 70 days per block at the current difficulty?  Is there a chart somewhere that shows it?

......are you serious? people in the company won't use these resource, because mining is p2p, company will monitor the flow always time.,  if you worried about this, every one just not mine any coin,, why don't you worry about miners who work in AMD or nvidia if you mine gpu based?, why don't worried about miners who worked in cloud computer companies like azure when you mine the cpu based,,..  according to your say, every one in these company can use endless resources for free..

2TB per week,may be. But i can't play vs peolpe, which work in website hosting companies or datacenters. They use their mining hardware with no invest. The pool had to be THE BALANCE. Now it's useless in that form.

+1

that is what i have tryed so say with the utah datacenter.. if someone have access (for exemple to a datacenter) to huge capacitys and wanna do this, he will crash just for fun <_<

so stupid question... if there will not be big storage owners in the future, that will be the problem we should worried about,,,price flows with the difficulty, do you think with out asic, and every one can mine bitcoin with cpu or gpu easily, btc coin's price will grow up to much? with the increased cost for mining coins, the price of the coin will grow, and every one can get the coin easily, it will not worth much

most people are waiting the next improved pool they don't want to wasted their generated plots, and if pool have not enough capacity, and can't get block from the solo miners, then you will get nothing too

Time for an observation on this coin and mining method, I'd like your input.

After a few days of reading on it, it seems that the only real mining equipment needed is some multi-TB hard drives, otherwise any old computer can eventually make the plot files and be good enough to mine on.

But therein lies a problem.  Cost of entry is low.  It won't be long before someone with huge storage capacity jacks the difficulty into the stratosphere.

You've seen what happened when ASICs came out for Bitcoin, and then for Scrypt coins.  Difficulty went sky high, everyone got less, and it takes a ton of money to even be a low level player.

So how long will it be before 100 TB worth of hard drives gets you one block per week?  Of an unknown, untested, unproven alt coin that could price crash at any time?

At least with BTC ASICs, their high price slowed the addition of them a bit.  Any jackhole here can call up Tiger Direct and order 100 4 TB drives at any time, and then we could see a run on large hard drives like what happened with GPUs last winter.

So part of me wants to get in on it, and part of me wants to say the hell with it, it's not worth the effort to be playing catch up and adding TBs of storage every few weeks.

And hard drives do not have good resale value.

And we are all solo mining now!  How long before Petabyte pools start on this coin?

What say you?