[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 152.

vaxman

member

Activity: 99

Merit: 10

Quote from: nihilnegativum on October 01, 2015, 06:54:30 AM

Are there any counter-measures to battle large-scale mining operations and multipools to preserve value?

Large-scale mining is straightforward, tuning for your environment may take a while, depending on scale and experience.
The software (java-wallet and, in my case, a dcct-derivative combing >400TiB) is very stable and running without a hitch for months.

Situation in the last 24hrs:
The top-10 miners constitute 46% of the network, with 127 active (read: successful) miners.

7-day period:
337 active, top-10 45%.

14-day period:
Top-10: 44% and >500 successful miners.

The blockchain doesn't know of anyone using multiple IDs, so the situation could be even worse (top-10 hogging like 60% ?).
So, we might have a problem here.

bobafett

hero member

Activity: 619

Merit: 500

my bde bank asset pays out tomorrow, because i got no time today anymore. perhaps i make it at night, but not sure about that.... please apologize the delay....

Regards
boba

bobafett

hero member

Activity: 619

Merit: 500

Quote from: bobafett on May 31, 2015, 02:59:33 AM

-[ANNOUNCEMENT]- Second Burstcoin.de Asset
New Asset with 50% Monthly Payout oft the Pool Fee / Highly Secure

Asset Name – BdePool
Pool URL – http://pool.burstcoin.de
Total number available – 2.500.000
Initial Price – 10 Burst
Asset Number (ID)– 3101115594843807035

50% Payout monthly of the Pool Income made thru Pool Fees - This asset pays out 50% of the Pool Fees monthly.

50% Instant Payout to Pool Miners - 50% of the Sellprice of the asset will be instantly payed out to miners to make the pool more attractive and increase the pool fee and so the value of the asset. Max. 20.000 Burst a day.

First payout is the first of Juli 2015!

URL: http://www.burstcoin.de/assets/asset_bdepool.pdf

Guaranteed monthly payout! Every first day of the month i will payout all assets. Regardless how long you are owner oft them. Also if you bought the assets one day before the first.

Save Investment! The payouts are covered and backed by my pool system. 50% of the pool income will go to the asset holders monthly on the first day oft he month. If more miners uses the pool, the pool will find more blocks and the monthly payout per asset will go up.

Instant Cashout without loss! If the Pool shuts down, then i will buyback all sold shares to a price of 5 Burst. 5 not 10 because, as written above, i will instantly payout 50% of the sellprice. So if you are a miner, you will geht instant ca. 50% of the sell price back thru pool payouts.

Pool.burstcoin.de is the Pool of Burstcoin.de. Hardware Dual Quad Core Xeon with 3.0 Ghz, 24GB Ram, Internet 1GBit with DDos Protectoin, Fail Safe Replicated Host with Fallback, Geo location qfrom Blago (thanks to blago for the support)

Bobafett is my username in Bitcointalk.org and burstforum.com. I´m mining and investing in Burst since the beginning. I invested over 10000 Euros since now in Burst (bought with btc) and mining hardware. Until now i never sold any of my coins because i really belive this coin has a bright future.

Bobafett is the owner oft the account BURST-AJ63-3W8L-FGBT-2ALZE.

See also my other asset, that pays out regularly: https://bitcointalksearch.org/topic/m.11250838

Calc for June:
100.000 Burst Estimeted income from Pool Fee for June, 50% of that is 50.000 Burst for the shares.
500.000 Assets are out and will be rewarded. The other 2 Mio will NOT be rewarded, because i still hold them.
50.000 Fee / 500.000 Assets = 0.1 Burst per Asset. 1 Asset costs 10 Burst, so the monthly interest will be 1% atm.
If more miners join the pool, the pool will make more income and the monthly interest for you will be higher.

Payout Done

Code:

Amount paid, Account, TX
18324.65960044, BURST-HR53-5R6S-C9VU-5YK4K, 13953280150247043003
15805.5310155, BURST-7PVN-MAYT-LZGN-ETLP7, 5021117278568767990
4531.94794542, BURST-AAAA-GCP8-7C4H-2EGH6, 13367186494159039600
2719.16876725, BURST-Z35B-QZQ5-S8RA-6ELV8, 9466576597610461313
2162.01108684, BURST-V5KU-CRX3-KNVV-8ZEA6, 496197727383063522
906.38958908, BURST-B2LU-SGCZ-NYVS-HZEPK, 12589888489659238844
734.62876195, BURST-N8KB-DKKW-9C4W-AF289, 9013526154869870548
373.8857055, BURST-G5EG-7MQ2-QJJ9-7VRCG, 2771302052520554224
226.59739727, BURST-X2LG-EB5R-JWTE-8D8ZA, 12305258046434078409
116.74297907, BURST-ZYSX-JJM2-28KX-B2K6U, 9111381960869068282
113.29869864, BURST-XMJJ-UHHH-UGTP-9HRWM, 6638567608415006907
103.41905211, BURST-D4CR-L4M6-RZ9U-A5J7J, 8900646001373485772
90.63895891, BURST-YTCM-Z647-2XGE-APUB6, 1065411561985865453
90.63895891, BURST-HCWT-AEZ2-GDVH-5UDFH, 14609156743638998078
90.63895891, BURST-WY7S-LAUL-M7CN-4ZRW9, 17164163009780630777
72.51116713, BURST-DRUH-V7YS-F7CX-DB9JU, 1678391672805536722
71.87669441, BURST-3JGU-CKJV-QQHZ-HH6RP, 7005873494316523943
71.78605546, BURST-3BEM-P3WL-TBM6-APZSR, 11518332502444341945
63.44727124, BURST-2DEM-EBGV-GVCS-HNK6U, 13949073535542625683
45.31947945, BURST-Q8JX-Q47J-SRZU-BNAXR, 9596271428350972888
23.92868515, BURST-J5XR-PN4N-574E-95WY2, 14921935773434553415
21.02823847, BURST-PMVC-387U-LG6C-FUMVY, 3345556616134779129
18.12779178, BURST-RV3F-RGPE-QSLF-GQVUU, 5433569080275805603
18.12779178, BURST-995Y-9BL5-8UX4-8E6EZ, 9957821689400324892
14.50223343, BURST-247J-TQC8-T5EB-EJFZP, 13016763038171827674
10.96731403, BURST-8V9Q-RWD8-2XCF-CLYWW, 14269211731625778830
9.06389589, BURST-A39P-BKGT-NSNM-6UHAD, 5778112557697482122
9.06389589, BURST-4HKV-5HEV-4JLJ-5PDPA, 36778268882567172
6.34472712, BURST-53DP-A7CT-YTM9-FZCLM, 14849427809936212035
3.5349194, BURST-7G43-CTSC-QLTM-GASD4, 15267370585059120984
1.35958438, BURST-PPT9-MFYS-37ST-7FRFH, 3025079624183329303
0.90638959, BURST-B2R8-TZKJ-T4NG-4AJBW, 5827589604130438568
0.90638959, BURST-63UG-63M4-RKTE-B3PX9, 16483768451624952981
------------All transactions processed------------

Scheduled next payment:
01.11.2015

Recent Payouts:
01.10.2015 50% of Pool Income was 46853 Burst
01.09.2015 50% of Pool Income was 36828 Burst
01.08.2015 50% of Pool Income was 56066 Burst
01.07.2015 50% of Pool Income was 72721 Burst

Some assets are still for sale so you can still invest.

nihilnegativum

sr. member

Activity: 432

Merit: 251

––Δ͘҉̀░░

Quote from: crowetic on September 30, 2015, 04:05:51 PM

Currently mining profitability isn't super great, but seeing as the only real cost is the hardware (and maybe plotting for a couple days max depending) the mining itself doesn't cost much at all, and thus is always gonna yield something. The way it is truly good, is if you're sitting on empty space now. Any computer can mine BURST.

Thanks for such a thorough reply. I think this kind of crypto is really great for small-scale mining, not only because every device has some empty space, but mainly because it can be made easy for the users and doesn't limit the device used. CPU and GPU mining will always hinder the use of that device in some way and make you want to have a specific computer just form mining, with disks, you really can have just a program and mine.

Quote from: crowetic on September 30, 2015, 04:05:51 PM

Of course my pool (burst.ninja) is my favorite, especially considering I commissioned the development because I didn't really like the structure of the only open source pool (uray's code) that has admitted bugs, and will need modification to get working correctly. Eventually when the code is what I would deem as 'worthy' I will likely release the code for ninja, but as of right now I still think there are some things that can be done first. I also think the overall structure of the team and the coin and development needs to be more put in place before I feel like release of the code will have a beneficial effect. Which is when I would prefer to release it.
There will be a Whitepaper, but right now we have a small team, and they don't have a ton of time each to be working, we are all doing what we can. We're going to get the new OP going, and there has been a couple offers for assistance with the white paper, but we're going to need someone who can go through the code and fully understand the algo then make an informed writeup. This may end up costing money, and since the coin wasn't premine or IPO, there isn't much of that to go around. So we're getting there as quick as we can. Any coders willing to help are greatly encouraged. Thanks to our newest member Kleinstein

That idea has been tossed around (@PoS/PoC) but as far as I know there isn't anything being actively done with it. As of right now, we're looking to build the core of developers and allow the coin to be able to grow, and allow for more ideas to be thrown out and carried out. There are a lot of good ideas possible, but not quite enough active devs to make everything happen as quick as we'd like.

Are there any counter-measures to battle large-scale mining operations and multipools to preserve value? In terms of cost-efficiency this type of mining is close to PoS, but has the game-theoretical aspects of PoW, this could be very problematic for price and volume. Large scale mining and multipools means a constant dump, and when the costs of mining are low, and the equipment abundant, the prices drio and mining becomes less and less profitable, until its limited to just the few of the biggest players. Difficulty saves the price, but only in a way that makes mining unprofitable before the price can do so, so it has the same problems. Here I think that perhaps a PoS/POC with slightly more rewards towards PoS, or some amount needed to mine at all could be beneficial, or something with a similar function of balancing out sell pressure that could keep low scale mining profitable for the small users.

haitch

hero member

Activity: 539

Merit: 500

Quote from: notabeliever on September 30, 2015, 10:18:24 AM

When you scoop up a large amount of burstcoins then as others join in you see your share of coins continue to decrease. once all nonces has been submitted you are left with 3 coins instead say 200 of the first scoop. It seems even if I'm the first to submitted I can't hold the scoop. Do I need a larger plotfile?

I have 5 500gb followed by 4-230gb plotfiles

what does loosing a scoop mean and what needs to be fixed?

I presume you mean on ninja? The reward is proportional to your best deadline, as others submit their deadlines, your share is going to go down, if you submit a better share it goes.

For example, you're the first person to submit with a 30 minute deadline. at that moment, you're getting 100% of the reward.
I then submit a 30 min 1 sec deadline, now we're both getting about 50% of the reward.
As other people submit their deadlines, our share goes down, in proportion to our deadlines.
You then submit a 10 second deadline, and you'll be back to about 90% of the reward - the better your deadline, the better your share, and reward.

More plots will help get better deadlines, you're not losing a scoop, it's just other people submitting deadlines.

H.

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

We are back in earning our usual, looks like SatoshiDice has the gamblers back, these past maintenance days have really crippled our profits the past days, but we are now recovering nicely.

Here is the all time profit /Roi data of the INCOME asset funds:

The rest you can always read in the BURST forum:

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-5#post-6218

crowetic

legendary

Activity: 2282

Merit: 1072

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

Everyone is welcome to join us @ chat.burst-team.us:3000

crowetic

legendary

Activity: 2282

Merit: 1072

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

Quote from: nihilnegativum on September 30, 2015, 01:47:02 PM

Looks great, I have a couple of questions. How is the mining profitability? (E consumption vs price, disregarding buying hdd) Any favorites among the non-standard protocol for pools? Is there a POC whitepaper? Anyone developing PoS/POC?

Currently mining profitability isn't super great, but seeing as the only real cost is the hardware (and maybe plotting for a couple days max depending) the mining itself doesn't cost much at all, and thus is always gonna yield something. The way it is truly good, is if you're sitting on empty space now. Any computer can mine BURST.

Of course my pool (burst.ninja) is my favorite, especially considering I commissioned the development because I didn't really like the structure of the only open source pool (uray's code) that has admitted bugs, and will need modification to get working correctly. Eventually when the code is what I would deem as 'worthy' I will likely release the code for ninja, but as of right now I still think there are some things that can be done first.

I also think the overall structure of the team and the coin and development needs to be more put in place before I feel like release of the code will have a beneficial effect. Which is when I would prefer to release it.

There will be a Whitepaper, but right now we have a small team, and they don't have a ton of time each to be working, we are all doing what we can. We're going to get the new OP going, and there has been a couple offers for assistance with the white paper, but we're going to need someone who can go through the code and fully understand the algo then make an informed writeup. This may end up costing money, and since the coin wasn't premine or IPO, there isn't much of that to go around. So we're getting there as quick as we can. Any coders willing to help are greatly encouraged. Thanks to our newest member Kleinstein

That idea has been tossed around (@PoS/PoC) but as far as I know there isn't anything being actively done with it. As of right now, we're looking to build the core of developers and allow the coin to be able to grow, and allow for more ideas to be thrown out and carried out. There are a lot of good ideas possible, but not quite enough active devs to make everything happen as quick as we'd like.

nihilnegativum

sr. member

Activity: 432

Merit: 251

––Δ͘҉̀░░

Looks great, I have a couple of questions. How is the mining profitability? (E consumption vs price, disregarding buying hdd) Any favorites among the non-standard protocol for pools? Is there a POC whitepaper? Anyone developing PoS/POC?

notabeliever

hero member

Activity: 726

Merit: 504

When you scoop up a large amount of burstcoins then as others join in you see your share of coins continue to decrease. once all nonces has been submitted you are left with 3 coins instead say 200 of the first scoop. It seems even if I'm the first to submitted I can't hold the scoop. Do I need a larger plotfile?

I have 5 500gb followed by 4-230gb plotfiles

what does loosing a scoop mean and what needs to be fixed?

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Finally I`ve became a junior member, now I can put some BURST links in my signature to promote BURST easier.

I recommend others to do the same (especially those that have empty signatures, don't waste that valuable marketing space).

Good luck!

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Quote from: Elmit on September 29, 2015, 02:13:00 PM

Done!
https://twitter.com/search?q=%23cryptocurrency%3A%20http%3A%2F%2Fburstcoin.info%20&src=typd

Please credit the 100 Assets to BURST-HHT9-9FQ6-XT6E-GCDYN

Done, thanks for helping the promotion of BURST.

https://block.burstcoin.info/tx.php?tx=11205267044854411056

Everybody who retweets that will get 10 INCOME for each retweet, PM me your BURST address, with only 1 condition to have at least 20 followers on twitter (not to abuse this by creating 1000x fake twitter accounts).

Good luck and help promote BURST in the cryptocurrency community!

Elmit

hero member

Activity: 785

Merit: 500

BURST got Smart Contracts (AT)

Quote from: BurstIncomeAsset on September 29, 2015, 12:52:10 PM

Quote from: Elmit on September 28, 2015, 11:10:17 PM

Quote from: BurstIncomeAsset on September 28, 2015, 08:31:22 PM

I was thinking about (for the sake of PR) can anybody organize a twitter campaign for BURST? (make sure to use #cryptocurrency and #altcoin tags)

I would give away 10 INCOME asset to everybody who would retweet it. A small token for us, a big leap for BURST!

What do you think?

Can you explain more details please.

It's nothing complicated. Somebody should post a tweet with the tags: #cryptocurrency and #altcoin , about BURST, put there a link to the burst website, and then I`ll reward everybody who retweets that with 10 INCOME asset. The original poster/tweeter can get 100 INCOME.

For example:

Code:

BURST is an exciting HDD mineable #cryptocurrency: http://burstcoin.info

#altcoin #cryptomining #blockchain

It's nothing complicated and it's a good PR step to promote BURST to the masses via a simple twitter campaign.

Done!
https://twitter.com/search?q=%23cryptocurrency%3A%20http%3A%2F%2Fburstcoin.info%20&src=typd

Please credit the 100 Assets to BURST-HHT9-9FQ6-XT6E-GCDYN

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Quote from: Elmit on September 28, 2015, 11:10:17 PM

Quote from: BurstIncomeAsset on September 28, 2015, 08:31:22 PM

I was thinking about (for the sake of PR) can anybody organize a twitter campaign for BURST? (make sure to use #cryptocurrency and #altcoin tags)

I would give away 10 INCOME asset to everybody who would retweet it. A small token for us, a big leap for BURST!

What do you think?

Can you explain more details please.

It's nothing complicated. Somebody should post a tweet with the tags: #cryptocurrency and #altcoin , about BURST, put there a link to the burst website, and then I`ll reward everybody who retweets that with 10 INCOME asset. The original poster/tweeter can get 100 INCOME.

For example:

Code:

BURST is an exciting HDD mineable #cryptocurrency: http://burstcoin.info

#altcoin #cryptomining #blockchain

It's nothing complicated and it's a good PR step to promote BURST to the masses via a simple twitter campaign.

bobafett

hero member

Activity: 619

Merit: 500

wow, more than 5 hours no new shitpost.... did i miss something?

Irontiga

hero member

Activity: 588

Merit: 500

Quote from: bobafett on September 29, 2015, 03:35:25 AM

because of people as you this coin has no future.

btw. lets talk about the weather, i think this was not discussed here in the past. we got 20 degress and a wunderful shining sun without clouds....

mmm, today was an absolutely lovely day! Sun shine, no wind, but not so hot you're soaked in sweat kind of thing!

Oh, wait, my post has to be on-topic. Okay, well, here's some free burst! sdfsdfdsfsdfdsfdsfsdfsdf (you're an asshole if you take it and ur not a newby...)

Elmit

hero member

Activity: 785

Merit: 500

BURST got Smart Contracts (AT)

What's your thought on this advice (an advertisement within this thread):

Quote

Be very wary of relying on JavaScript for security on sites such as blockchain.info and brainwallet.org. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here

bobafett

hero member

Activity: 619

Merit: 500

Quote from: yeponlyone on September 29, 2015, 01:23:05 AM

Quote from: bobafett on September 28, 2015, 11:42:32 PM

Quote from: crowetic on September 28, 2015, 10:27:49 AM

Quote from: bobafett on September 28, 2015, 10:20:14 AM

Quote from: bobafett on September 28, 2015, 09:23:07 AM

Quote from: bobafett on September 28, 2015, 05:50:01 AM

thread closed!
all new posts here please: https://bitcointalksearch.org/topic/m.12542754

elmit why do you not just switch to the new and help bringing the coin forward without other posts. .... or we can use this one for personal disputes and the other for discussion about the coin.

Because dev disappered we need a new one, because we will not be able to update the op here. and nothing is as bad as a old op with dead links... then we can just kick the coin to the waste.

Uh...

This is not quite what I had in mind boba... I appreciate the effort, but this is not going to be the new OP. we are going for a complete redesign, can you please delete this until we're ready to do it the way we wanted to?

i renamed my thread into an alternative thread and i make this clear in the first line of the op, that mine is not the official one.
hopefully thats now ok for you all.

as i see, new posts here with tons of shit what has nothing to do with coin. everybody who wants a serious discussion is welcome in mine. but for the fun factor, also look in this one here :-)

Nice try to re-write what you tried to do.

There will be a self-modded new ANN thread, and it will be allowed as far as I understand, and it will be posted by the dev-team's new, common account.

For what you tried to do: Go fuck yourself.

because of people as you this coin has no future.

btw. lets talk about the weather, i think this was not discussed here in the past. we got 20 degress and a wunderful shining sun without clouds....

Elmit

hero member

Activity: 785

Merit: 500

BURST got Smart Contracts (AT)

Welcome to BURST. If you are new, you might wonder, where to get info.
I made a compilation (incomplete, since every day somebody thinks he needs to make a new info site - same is true for download sites):

Where can we post/read BURST un/related messages:

1. main thread:
https://bitcointalk.org/index.php?topic=731923.new
uncensored, abondend by the developers

2. side thread 1:
https://bitcointalksearch.org/topic/m.12303272
unsure if censored, a new try

3. side thread 2:
https://bitcointalksearch.org/topic/m.12542754
censored, another try

4. burstforum.com:
censored

5. chat.burst-team.us:3000/home
unsure if censored

6. https://cynin.burst-team.us:446/home/home
unsure if censored

7. IRC?

====

Wouldn't it be time to stream line all? If not needed anymore, close it and point to the valid thread.
IMO: Censored threads will never succeed!

Elmit

hero member

Activity: 785

Merit: 500

BURST got Smart Contracts (AT)

I was already wondering where your comments stuck.

Quote from: Irontiga on September 29, 2015, 02:40:02 AM

If someone is interested, it would be possible to create an entire forum using burst's messaging system (and aliases for account names). If we make that it's 100% open, and very easy to ignore people (we could build a site of known scam accounts which are auto blocked by the wallet). Anyone interested?

Yes, it would be possible. Each message could not be longer than 1,000 characters and it would cost 1 Burst, which the miners would earn.
I am working already on such a beast for a while. Your "invention" comes too late ;-)

Quote from: Irontiga on September 29, 2015, 02:40:02 AM

Seriously Elmit, you have no life. I dunno what you're trying to achieve, you should go and make your own scam coin. I won't say anything about it being a scam though, people will be able to see for themselves.

I would love to see if you post this and have to pay for. Maybe you would think twice!!! Correction: ONCE!!!
People DO see for themselves, they do not need your help!

Quote from: Irontiga on September 29, 2015, 02:40:02 AM

Hey, that's an idea, go and clone burst!!! Make your own thread, make crappy faucets and pools, make a forum, yah know, do your thing man!

Even new coins I have in mind.
My faucet works, my pool works, my asset pays out. All is perfect. What is your problem?

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 152. (Read 2170889 times)