[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 139.

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

[ANN] CHEAP asset

Description:

It's a fundraiser for INCOME ASSET with the starting price of 1 BURST, so it can't go lower. After all the ICO assets will be sold the price can only go higher, so it's the perfect speculative asset. It helps both fund INCOME ASSET and it's a good speculative asset for early investors.

The asset itself is also backed by 10,000 INCOME assets, that are permanently "burned" on the CHEAP's main address. These 10,000 assets won't be moved from there, and it will serve as the backing for CHEAP. Plus the dividends it will get for that 10,000 INCOME + the current BURST balance will also continuously grow. This way the value of CHEAP will grow aswell.

I gave myself 1 million CHEAP, 16% of the total supply, so that I will hold it too, and probably invest in it later.

CHEAP asset is not a dividend paying asset.

CHEAP is the perfect asset to "go to the moon"!

Asset Info:
Ticker/Name: Cheap
Asset ID: 4267876427937004537
Total Shares: 6,000,000
Shares Owned by Me: 1,000,000 (16.66%)
Dividends: No
Main BURST address: BURST-Q8CQ-RRKW-BDQN-BBJYP
Backing: 10,000 INCOME assets burned on the main address + The dividends it gets from that via BURST

Read more here:
https://burstforum.com/index.php?threads/ann-cheap-asset.872/#post-6251

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Big news for INCOME, only less than 6% of the IPO is left to distribute, the price went down a little bit, but now it's the time to buy INCOME as the price is very cheap now.

However the market is almost free to trade now, and since there is very few % left to distribute, very tiny distorsions left, thus INCOME can go to the moon anytime now:

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-7

Blago

sr. member

Activity: 416

Merit: 250

Quote from: Cobra98 on October 31, 2015, 03:29:49 AM

Is there a way to setup the miner to only submit your own best deadline to avoid the penalty?

run 1 instance of miner for all plots. Miner sends only deadline, which less preveosly deadline

Cobra98

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Activity: 70

Merit: 10

Quote from: Blago on October 31, 2015, 03:11:20 AM

Quote from: Cobra98 on October 31, 2015, 02:53:41 AM

Well I guess it's time for an experiment lol. I wish I had the space u have haitch but unfortunately right at 6tb is all I had available without any out of pocket expenses, just drives I had handy. I have been on pool.burstcoin.de mostly since starting burst mining the 1st week of Oct. and up to 26,835 burst so far. Approximately 11,000 from saturday the 24th to today the 31st. I am going to stop using the 4 miners with 4 drives and do 1 miner with all the drives combined and see what comes from it for the next week.

Here is how my current setup looks right before going to the 1 miner only.

Also, pools have penalty (ban):
to prevent user spamming low share, we implement share penalty of -0.001 on each submission for miners who submit nonce that has higher deadline than their (current round) own best deadline, as spamming low share is no use since pool will always pick one best deadline for every submitted nonce per round.

Is there a way to setup the miner to only submit your own best deadline to avoid the penalty?

Blago

sr. member

Activity: 416

Merit: 250

Quote from: Cobra98 on October 31, 2015, 02:53:41 AM

Well I guess it's time for an experiment lol. I wish I had the space u have haitch but unfortunately right at 6tb is all I had available without any out of pocket expenses, just drives I had handy. I have been on pool.burstcoin.de mostly since starting burst mining the 1st week of Oct. and up to 26,835 burst so far. Approximately 11,000 from saturday the 24th to today the 31st. I am going to stop using the 4 miners with 4 drives and do 1 miner with all the drives combined and see what comes from it for the next week.

Here is how my current setup looks right before going to the 1 miner only.

every instance of miner uses 2 threads (Sender, GetMiningInfo) + X*Paths, so threads = 4*(2+1) = 12 (+ 4*used_RAM, + 4*Net_Connections )
one instance of miner uses threads = 1*(2+4) = 6.

Also, pools have penalty (ban):
to prevent user spamming low share, we implement share penalty of -0.001 on each submission for miners who submit nonce that has higher deadline than their (current round) own best deadline, as spamming low share is no use since pool will always pick one best deadline for every submitted nonce per round.

Cobra98

member

Activity: 70

Merit: 10

Well I guess it's time for an experiment lol. I wish I had the space u have haitch but unfortunately right at 6tb is all I had available without any out of pocket expenses, just drives I had handy. I have been on pool.burstcoin.de mostly since starting burst mining the 1st week of Oct. and up to 26,835 burst so far. Approximately 11,000 from saturday the 24th to today the 31st. I am going to stop using the 4 miners with 4 drives and do 1 miner with all the drives combined and see what comes from it for the next week.

Here is how my current setup looks right before going to the 1 miner only.

notabeliever

hero member

Activity: 726

Merit: 504

Note I have 5.4 TB and run it as Both of you suggested however my nonce are not matching Cobras unless its because I have 2 cores and he has 4 cores? I was going to say the difference is I run one instance of Blago miner and he runs 4 instances.

haitch

hero member

Activity: 539

Merit: 500

Quote from: notabeliever on October 30, 2015, 07:54:49 PM

Quote from: Blago on October 30, 2015, 03:48:01 PM

Quote from: Cobra98 on October 30, 2015, 01:55:32 PM

When mining is it better to have say a 2tb drive as 1 huge plot or broken down to say 2 1tb drives or 4 500gb drives? Is more miners searching smaller plots better or worse than 1 miner with a huge plot? I'm still new to burst mining and trying to get most efficiency from what storage I have. I currently have 1 2.1tb, 1 1.8tb and 2 900gig drives. All are physical drives, no partitions or split plots of any kind and the 900's once in a while find smaller deadlines while the bigger ones r still searching. I run 4 blago miners each pointing to each drive so its searching 4 at a time. Btw seen a few days ago had a 17 deadline that was over 100,000 share, not sure what it meant but thought it was cool to be on top of the share list.

"I run 4 blago miners each pointing to each drive..." - it's very bad.
Better use one miner with config:
d: 2.1 Tb
e: 1.8 Tb
f: 0.9 Tb
g: 0.9 Tb

"Paths":["D:\\plots","E:\\plots","F:\\plots","G:\\plots"] (4 threads)
or
"Paths":["D:\\plots","E:\\plots","F:\\plots+G:\\plots"] (3 threads)

better to have 1 huge optimized/merged plot per drive.

Blago It seems Cobra was successful with his setup. Is their a long term issue with his setup because thisa guy said he was on the top of the pool so he is fast

NotABeliever, I was using Blago's miner to mine over 100TB over multiple drives - the multiple threads within one instance of the miner (eg "Paths":["D:\\plots","E:\\plots","F:\\plots","G:\\plots"]) is much more efficient than multiple instances of the miner, each mining one drive/directory. And to see how that's performing: http://burst.ninja

H.

notabeliever

hero member

Activity: 726

Merit: 504

Quote from: Blago on October 30, 2015, 03:48:01 PM

Quote from: Cobra98 on October 30, 2015, 01:55:32 PM

When mining is it better to have say a 2tb drive as 1 huge plot or broken down to say 2 1tb drives or 4 500gb drives? Is more miners searching smaller plots better or worse than 1 miner with a huge plot? I'm still new to burst mining and trying to get most efficiency from what storage I have. I currently have 1 2.1tb, 1 1.8tb and 2 900gig drives. All are physical drives, no partitions or split plots of any kind and the 900's once in a while find smaller deadlines while the bigger ones r still searching. I run 4 blago miners each pointing to each drive so its searching 4 at a time. Btw seen a few days ago had a 17 deadline that was over 100,000 share, not sure what it meant but thought it was cool to be on top of the share list.

"I run 4 blago miners each pointing to each drive..." - it's very bad.
Better use one miner with config:
d: 2.1 Tb
e: 1.8 Tb
f: 0.9 Tb
g: 0.9 Tb

"Paths":["D:\\plots","E:\\plots","F:\\plots","G:\\plots"] (4 threads)
or
"Paths":["D:\\plots","E:\\plots","F:\\plots+G:\\plots"] (3 threads)

better to have 1 huge optimized/merged plot per drive.

Blago It seems Cobra was successful with his setup. Is their a long term issue with his setup because thisa guy said he was on the top of the pool so he is fast

Blago

sr. member

Activity: 416

Merit: 250

Quote from: Cobra98 on October 30, 2015, 01:55:32 PM

When mining is it better to have say a 2tb drive as 1 huge plot or broken down to say 2 1tb drives or 4 500gb drives? Is more miners searching smaller plots better or worse than 1 miner with a huge plot? I'm still new to burst mining and trying to get most efficiency from what storage I have. I currently have 1 2.1tb, 1 1.8tb and 2 900gig drives. All are physical drives, no partitions or split plots of any kind and the 900's once in a while find smaller deadlines while the bigger ones r still searching. I run 4 blago miners each pointing to each drive so its searching 4 at a time. Btw seen a few days ago had a 17 deadline that was over 100,000 share, not sure what it meant but thought it was cool to be on top of the share list.

"I run 4 blago miners each pointing to each drive..." - it's very bad.
Better use one miner with config:
d: 2.1 Tb
e: 1.8 Tb
f: 0.9 Tb
g: 0.9 Tb

"Paths":["D:\\plots","E:\\plots","F:\\plots","G:\\plots"] (4 threads)
or
"Paths":["D:\\plots","E:\\plots","F:\\plots+G:\\plots"] (3 threads)

better to have 1 huge optimized/merged plot per drive.

Cobra98

member

Activity: 70

Merit: 10

When mining is it better to have say a 2tb drive as 1 huge plot or broken down to say 2 1tb drives or 4 500gb drives? Is more miners searching smaller plots better or worse than 1 miner with a huge plot? I'm still new to burst mining and trying to get most efficiency from what storage I have. I currently have 1 2.1tb, 1 1.8tb and 2 900gig drives. All are physical drives, no partitions or split plots of any kind and the 900's once in a while find smaller deadlines while the bigger ones r still searching. I run 4 blago miners each pointing to each drive so its searching 4 at a time. Btw seen a few days ago had a 17 deadline that was over 100,000 share, not sure what it meant but thought it was cool to be on top of the share list.

daWallet

sr. member

Activity: 302

Merit: 250

Quote from: omskbear on October 30, 2015, 01:23:38 AM

Quote from: yellowduck2 on October 30, 2015, 12:32:26 AM

Quote from: omskbear on October 29, 2015, 10:26:29 PM

Quote from: BurstDevTeam on October 28, 2015, 03:05:37 AM

It will happen soon. Don't worry.

- daWallet

How many days, weeks, months?

To add on

White paper ?
Road Map ?

I hope that there will be some important changes that will bring interest to the coin. White paper and road Map its too small, now we need only real change, not plans.

First of all, I was talking about a new OP.

I have also a wishlist, but we're still looking for people who want to join and help out. If a whitepaper is "too small" in your opinion you can write one today and post it.

The most important issue is to find a core developer who wants to update the Burst from 1.2.3 to at least 1.5.15.
To wait until NXT slowly dies and hope that developers go to Burst seems not to be good enough Wink

Everybody of you can help - ask around. What holds Burst together is not a so-called Promo or DevTeam - it's the community. You are part of it.

omskbear

full member

Activity: 152

Merit: 100

Quote from: yellowduck2 on October 30, 2015, 12:32:26 AM

Quote from: omskbear on October 29, 2015, 10:26:29 PM

Quote from: BurstDevTeam on October 28, 2015, 03:05:37 AM

It will happen soon. Don't worry.

- daWallet

How many days, weeks, months?

To add on

White paper ?
Road Map ?

I hope that there will be some important changes that will bring interest to the coin. White paper and road Map its too small, now we need only real change, not plans.

yellowduck2

hero member

Activity: 868

Merit: 1000

Quote from: omskbear on October 29, 2015, 10:26:29 PM

Quote from: BurstDevTeam on October 28, 2015, 03:05:37 AM

It will happen soon. Don't worry.

- daWallet

How many days, weeks, months?

To add on

White paper ?
Road Map ?

omskbear

full member

Activity: 152

Merit: 100

Quote from: BurstDevTeam on October 28, 2015, 03:05:37 AM

It will happen soon. Don't worry.

- daWallet

How many days, weeks, months?

haitch

hero member

Activity: 539

Merit: 500

Quote from: notabeliever on October 29, 2015, 04:20:49 PM

I don't understand what happens when you Forge a block. It looks like I forged 3 blocks worth thousands yet I don't see the money deposited in my account. Was mining on a pool so did the reward go to the pool? My Burst wallet shows zero in the Forged balance column and under forged info is where I see the 3 blocks.

Yes, when you're mining on a pool and forge a block, it goes to the pool and is redistributed by the pool. If you were mining solo you'd get the funds from mining directly.

H.

notabeliever

hero member

Activity: 726

Merit: 504

I don't understand what happens when you Forge a block. It looks like I forged 3 blocks worth thousands yet I don't see the money deposited in my account. Was mining on a pool so did the reward go to the pool? My Burst wallet shows zero in the Forged balance column and under forged info is where I see the 3 blocks.

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Alright I`ve finished 2 funding rounds, and I have major updates about INCOME asset, the detailed news you can read at the forum:

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-6#post-6244
https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-6#post-6245
https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-7#post-6246

However to sum it up short this is that happened:

Changed the asset income structure, and we no longer need a fixed common fund as it's a waste of resources and exposes the fund to price volatility risk. So the funds will only be held in Bitcoin, and at dividend payouts converted to BURST & NXT
The new fundings changed the ownership ratio to: NXT 16.5685% vs BURST 83.4314%
I`ll start diversifying more and moved some funds from Yobit to Satoshidice
The research program is still going, and we had some results but I`m not sure if it will be bigger than the costs, we shall see

bobafett

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Activity: 619

Merit: 500

Quote from: riskyfire on October 29, 2015, 07:10:18 AM

Quote from: bobafett on October 29, 2015, 04:52:43 AM

buy offer for 5 burst per share is placed. i will add later another bigger one, but atm, im on the road.....

Wasn't the initial offered price 10? Should that not be the fair buy back price?

it was clear from beginning on and stated in every post about the pool asset, that it would be 5.

riskyfire

sr. member

Activity: 275

Merit: 250

Quote from: bobafett on October 29, 2015, 04:52:43 AM

buy offer for 5 burst per share is placed. i will add later another bigger one, but atm, im on the road.....

Wasn't the initial offered price 10? Should that not be the fair buy back price?

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 139. (Read 2170889 times)