Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 168. (Read 2170889 times)

Well my asset can protect you fully against BURST inflation.

With current daily ROI average (estimate) of 0.1844%, we make 5.6825% growth monthly. Now the daily ROI average is only an estimate based on last week's data, so to be pinpoint precise we probably need 1-2 weeks more worth of data.

And this ROI will stay constant until SatoshiDice has players, which is gaining more are more users and more importantly more profits every day, with some small dips once in a while.

https://www.satoshidice.com/

And if the BURST inflation decreases ,then it will be even more net profit later on.

[ANN] Income Asset - Decentralized Referral Empire based Income

oh wait
this is stupid blackmailer
actually no proof he can do anything
there's only one message community should send to him
it's: "fuck you"

I don't want to.
But here's a better one for you. Why don't you buy some BURST?

Wow... that was... uncalled for.

hey bitladen
why don't you just go fuck yourself?
thanks

Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?

i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.

Unfortunately that requires java 8 and OpenCL to be implemented.
This machine is incapable of upgrading to Java 8... well, not incapable... but not recommended.

That plus my PES does not have a PCIex Backplane.
I do have a PCIEex Backplane but was planning on installing it when I upgraded to a newer windows server version.

Increasing the block reward will NOT increase anyones earnings or profit, it will only increase inflation and Burst will be worth less per coin.

The is the same problem as with fiat currencies. Money printing does not increase value, it dilutes and reduces the purchasing power of each unit.

Does anyone have any evidence of money printing increasing a currencies value?

I don't understand why this keeps getting brought up!

We need unique features, good and services that can only be purchased using Burstcoin. This is where the value will come from.

If you think this coin is a bit heatead atm and have a lot of them, right now there are 3.4 bitcoins worth of buy orders at 25 sat and above. Often it is not possible to exit so many burst wo driving price down a lot.

just fyi

i bot 600K at 26 and have no plans of selling

You could try Luxe's java GPU miner. https://cynin.burst-team.us:446/home/public/files/luxes-gpu-miner-for-windows

Not to pull away from the topic at hand, but I do have a real Burst Q.
I run my drives off an older Dell Power Edge Server running Windows 2003... an older version of windoze.

I have reasons to keep this on 2003 at the time -- and will at some point in the future will upgrade to a later version of Windoze server.
For now... what would be the best miner to use?

Currently I run a virtual server and use blago's miner... which works... but the virtual server is a horrendous draw on system resources.
Of course -- the newer miners require a later version of Windoze to run directly.

Should I just stick with the original Java version... or is there a better alternative?

that's actually good progress, until now they've been trying to hide from the obvious.


Good work! I'd buy from you, but I prefer to remain anonymous. That's not a crime, especially considering that we are in the crypto community.

I may yet buy, cheap raids are hard to come by. But I won't be using D9G24  If I do, next thing you know, they'll call homeland security on me.

Sure but how long would this mining phase last? 1 year, 5 years?

Until then investors don't want to see their purchasing power evaporating (due to BURST price decrease).


Well I`m already doing this. My asset is invested in casino investment programs (not gambling) where you invest in the house bankroll and gain half of the earnings of the house distributed amongst "bankroll shareholders".

Currently we earn about  0.24224% ROI daily of the funds, which is not much but its neither a HYIP, nor a sluggish earning. It can generate over 7% ROI monthly which I think is a pretty safe and steady return.

Plus it's even better than that because the assets are always valued 5x or 10x more than the funds they got, so currently we got 0.415 BTC, and the market cap of INCOME can easily go to 4.15 BTC, relative in BURST price.

So its a double earner, once you earn from the dividends, and secondly you earn from the price increase of the asset, if you bought first.

It would not be fair to attack with other people's hard drives, unless of course they want to But if I sell it, it is no longer my decision to make.

The threat does exist, whatever I attack or not. There's only one cure for it: more hash. A plot compatible clone would certainly help. And definitely cannot harm.


Ridiculous, not really. In fact is anybody certain that the source code of burst does not contain malicious code? Has anybody even checked it out? If you ask me, I haven't.  What about the miners? You could at the very least compile everything from source if you are having this concern.

Anyhow, I will not make much changes to the code, github does give you the diffs, so it will be easy enough to verify that I haven't added anything malicious.

Going along with use of the marketplace, I would like to reiterate that I too have posted some available hashpower for sale. Only in the form of a single 4TB Western Digital RE SAS drive, but available nonetheless.

Also, I still plan to go forward with the making of an asset with bit's mining power. He re-affirmed to me today that if we do go ahead with this, and people accept that it is something productive and give the benefit of the doubt, with of course myself backing the asset and doing the release, he will remove his 'threat' of any sort of 51% attack.






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One more thing, the decision to not alter the BURST reward structure for now has been made as well, seeing as there are too many community members against the idea. Also, the moving forward with a clone coin will take place.




I find the mention of some sort of spyware being imbedded into an open source project to be a ridiculous idea, but regardless, I will say that this is not something that should be worried about at all. I will likely be a big part of the clone coin as well, and feel like the modifications that are accepted as mutually beneficial for both BURST and the clone, would be put into BURST as well, upon agreement and acceptance, and of course, however many devs as deemed necessary, reviewing the code.


If anyone has issues with these statements, I think that is silly and I don't think I will entertain it whatsoever.


In recap, the only reason you would not trust the fact that these things would not come to fruition, is if you don't trust myself, nor the developers that will review the code.

I also think that the fact dual-mining is a possibility, means it should be attempted. However, seeing as the main dev will be bitladen, people who have issue with him can simply avoid the benefit of getting dual rewards from their same plotted space.

Also, since it IS possible to make the plots incompatible, I have a feeling that the more negativity that continues here between everyone, the less likely it would be for the two coins to want to work together, which in fact would be a shame, as I feel this could make something that is already extremely revolutionary, become even more-so having the ability to not only mine 1 advanced coin, but TWO, with hardly any power, on an existing BURST mining setup, would be pretty freakin' awesome.

So...

I will ask everyone, can we become a community of people that are out for the same goal here? Even if we may not view everything exactly the same, can we at least all agree that we're in support of the technology, and would really like it all to become successful?


Lastly, I hardly think we can compare BURST (or any crypto for that matter) to gold or really any 'traditional' investment, as there are many other things in play in the crypto community that aren't in the others, so there will obviously be differences. We can speculate based on whatever we'd like, but saying that things are for sure how things will play out in a given scenario, is just silly.

The thing is, we're in a place where we've got to stay ahead, and that means having active development on not only tools and extras, but of course, the core of the tech.

Community development for BURST is what we've gotta go with at the moment, as we've not got a single person willing to stand up and take the role 'lead dev'. So people, any developer that is willing, fork the github, do some work, come tell us what your work will do, and let us get this coin's development going again!

To the future! *holds up glass*

It is obvious but it's also true. Even without energy cost you need over two years to get your investment back. Correct me if I'm calculating wrong.

Oh, how I love these smart-asses, stating the obvious.

I'm trying to make use of the integrated market place, you wisenheimer.

And the price per TB is half that of new disks. It depends on your local energy
costs if this is a viable alternative to buying new Harddrives. If so, voila,
32 TB added to the net.

why? If you hold, it is up to the other participants in the market to find a price for the coin. Lots of people hold silver and gold, and do not try to move the price higher or lower. Idea is that if you buy burst now for what 1hr of work costs, then in 100 years, your burst will still get you about what 1hr of work costs. Because the number of burst is constant. ( okay half that, because we still have to mine the other half of the burst coins ).   on top of that, price will be different according to how many people actually use burst.



i agree that even people accepting bitcoins for stuff are mostly exchanging the BTC they earn into usd, because most of their expenses are in usd. As more and more services can be bought with BTC, i think more and more people will keep some earned BTC and use them to buy supplies with BTC later on. Saves them exchange expenses. So they will hold some BTC for a while.  If they figure usd is more prone to going down in the long run than BTC they might also keep value in BTC as opposed to USD. USD is supposed to lose 2% value each year, over 50 years that translates to most of your money gone. BTC on the other hand, will not lose value due to more coins ( than the 20 mil ) coming into existence.


pumping is illegal in many countries stock markets , you are not allowed to try to manipulate the price of an asset. ( personally i think it should not be illegal )
however, pumping won't work in the long term, the *value* of 1 burst stays the same, so clever investors will sell after the pump as the price seem overvalued compared to various metrics.

If we want burst to go up in price, we should finance the development of new stuff or the organization of a software development process or any number of other things that make people use and want to get hold of burst more.

That's exactly what I've been saying all this time. I'm glad to get some approval.