Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 173. (Read 2170648 times)

Side note, I posted a 4TB SAS Western Digital RE HDD for sale on the marketplace. I realize that 135 dollars in BURST is a lot right now, so I'll accept BTC or XMR too.

BURST-79PK-DGC2-M4XP-HUAVB - my account

and if someone in this community wants it, I'll definitely negotiate on the price. I'm not 100% sure what it is actually worth at the moment.

Thanks!

How do you +1 two posts in a row!   

well said above, you know for all the talk,, network is being mined and block rewards are getting progressively less, they will reach less and less BURST and less than 1% of the US population knows BURST exists let alone how to mine it

believe that crypto currencies are the future of not just replacement for FIAT but for other things I am telling you you have something special here, just don't drop the ball

as far as pools, seeing > 400 miners on burst ninja,, steady as she goes network capacity oscillates as low as 4 to 12 Peta, but rewards is 1/2 circa in what it used to be

cost for me running the drives is minimal in addition I mine 2 other coins all at once, believe many do the same thing

when block reward drops less and less, believe energy has to go to type of work of what ethereum is doing and assets but they have capital

we shall see, I really like this POC.. mainly because of how low on energy it is... so it can be mined in parallel but also it can be mined where electricity is expensive

at 1/2 of initial block reward if you get decent few USB drives you still can scoop hundreds of thousands of BURST, just saying

and why people sell for so little (in general) because that < 1% that knows how crypto works are kids < 20 years of age and for em 50 bucks is a lot of money 

@boba

I've paid out WAY more than I've made with BURST. To be clear.

Also, I continue to pay out even though I have to pay for my pool host with my own money, and the pool fee goes ENTIRELY to my asset, along with a 30TB miner. While your asset pays HALF your pool fee and no miner. Tell me who cares more about money.

Also, wasn't it you that said when BURST went below 100sat that you'd sell and be gone? Oh wait, maybe that was in core team chat.


I resent being called greedy when I've done nothing but positive work for the coin, and facilitated development of the most popular pool, from the ground up. Setup one of the most solid and best assets, and promoted the hell out of the coin on my own dollar.

I would think everyone should see this. My feelings on your post would be that you're still upset with me for calling things as I saw them with your little 'vacation' and stunt you pulled with your asset.

I hold true to what I said then on how I feel about that. I still think what was done was at best shady. I contacted you multiple times with over a week between in most cases before bringing it public. To give benefit of the doubt to you. During these contacts, the sell that pushed me over the edge as far as viewing the situation as scammy behaviour happened. Now riddle me this... if you had net access to post this sell, wouldn't you have had net access to reply to one of my contact attempts?

So please, let us just agree to disagree on the 'methods' you used at that time, and agree that we don't like eachother, and let it be huh? I don't want any more negativity in this thread if possible, and actually, I am hoping the community can come to at least enough of an agreement so that I can start a new OP and we can get off this thread completely.

IMO the thread as it is doesn't leave BURST looking professional, and my goal is to professionalize it with many different projects, including ByteEnterprises, which I have a new direction for in the coming weeks.



Agree with my choice in people I think are okay and the ones I don't, or not... I think we should at least agree on the above mentioned thoughts on how to handle our personal situation.


-------------------------------------------------------------------------------------------------


@community

Everyone here who has seen all that I've worked to accomplish from the beginning of BURST, should know by now that I want this coin to succeed. My recent suggestions for change were based on things I've seen with this coin and others, and what I believe based on conversation with many people. I don't immediately agree with someone in any situation, ever, and I never will.

I have my own mind regardless of my agreement with someone. This should really be shown duly by the fact that I'm not afraid to say that I consider bitladen a friend. I can see how a lot of you would not feel that way, but this isn't based on only public communication as most likely your decisions are.

I will never go with something just because other people do, and I will also try my best to get more agreement than not before making a decision if it is a situation where I maintain control.

I see the both sides of most arguments, and can easily argue on either, it is just a natrual part of my personality type (which is not a very common type.) So I can see how some people may see me as 'crazy' or whatever they may in certain situations. However, I assure you, I am not crazy.

I'm probably one of the most considerate 'leader' types you will ever come across. I love to get everyone else's full opinions on situations and why they feel that way before coming to a conclusion of my own. Sometimes my conclusion will coincide, and sometimes it will not, but that's just how things go.

What I'm trying to say here, is I have always, and will always, wish a prosperous future for BURST, and I will definitely be a part of it. That is not to say that I may not also want to be in a similar position in a clone if it comes about, as I do believe it is mainly the underlying technology that is most important in the coin, and obviously a clone would contain that as well. The rest of the structure is debatable as far as the outcome (obviously, as most things, especially market type stuff, and more especially crypto/altcoin markets.) They could both very well succeed, and also the measure of success is different for everyone, and the length of time it takes to get there will also vary.

Most everything has so many possible outcomes, and arguments for and against them, contemplating large decisions in things we all love and hope to be successful could take a while and shouldn't be done in a hasty manner.

We shall see how things unfold and what is or isn't in the future, when we get there.

Thanks everyone, and a prosperous future to BURST, all of its futuristic technological power, and for sure the algorithm we know to be the true decentralized power efficient future of true mining... PoC.

That's all for now.

Did you forget to read the part that this would also include bit agreeing to revoke his 'threat' and no longer be someone we'd have to worry about attacking the network? Is this not a good thing?

Just so that everyone knows, my original statement holds true. My pool will never participate in an attack against the BURST network. Regardless of my friendship with anyone.

Anyone who knows me, also knows that I am true to my word.

I have more than the average person... as far as plotted disks go.

Alright we got another  0.16504886BTC capital from the BURST sale, now we have 0.28493223BTC invested, so we will have double earnings in terms of BTC. Obviously the % ROI won't change, but due to capital doubling, the profit will double too.

I hope we can reach the 0.01BTC fast, so that we can give out our first dividends

[ANN] Income Asset - Decentralized Referral Empire based Income

I assume that you do not have much yet and the network size is currently 12 PB, then you would need (12+6)/2 = 9 PB to reach the 50%
If you would mine during the plotting time, then the network would recognize it and most likely also react with more PBs.

The first line sounds for me expensive: (Windows !!! - but don't lets start about Linux versa Windows ;-)  )

Do you have any numbers how often the failover has been triggered?

Sad thing to see that pool offline: http://cryptomining.farm/

Even if you did... the plotting alone would take weeks.

you can also rent a machine, so if someone wants to make this attack, he only need a short time this power, and if he rents this, this would be cheaper than your calc.

Was wondering, what does it cost to get the 4PB needed right now to do a 51% attack.

i bought 2 8TB HDD for 289 usd each, so 8TB is 289 usd at least where i live.

8 TB 289 usd
1 TB 36 usd

1000 TB 36000 usd


but you need 4 TB

so you need to have 144000 usd tied up in harddisks, and some more money tied up in hardware to run these, and spend some time setting up, to get at half our current network size

if you succeed, all you can do is prevent blocks from other ppl to be made. You will also crash the price, and probably close the exchanges, as they likely won't like to be trading a 51% attacked coin

burst mkcap is lower than 144000 usd, so it hardly looks like money well spent.

Perhaps it can be much cheaper if you rent the disks, but then you will have a huge running cost.

Each time network size go up 1 TB, it gets 36000 usd more expensive to launch an attack.

A miner can do whatever he want with his coins, he worked to get them - it is his, we can argue what the consequences of his various options of actions are, but we should not dictate what he chooses to do at a particular time.  I have no problem with bit selling all the coins he mine, if that is how his business plan is set up, then that is what he does. It is not a problem for me. I don't see it as a problem for burst either, we'll just have a somewhat lower price now, and a somewhat higher price once the block reward gets low enough.  I also have no problem with miners like me, that mine and hold.  We keep the price higher, and we might sell some if we think the price is reasonable. I would probably sell some around 1000 to get back my investment and interest, then let the rest run and see how high we can go.

Not that I am complaining, mind you... but in crow's defense, isn't that why we're all here?
We're all here to make 'something'.

Call it whatever you like, but all cryptos are an 'investment' into {Place your noun here}.

@elmit

But yours does ?

Please, try to slow down a little, this is NOT your personal forum,
and I am tired of your constant nagging.

Es nervt wirklich, das Du auf jeden kleinen Schei** noch Deinen
Kommentar draufsetzen musst. Schau Dir mit dem Abstand von
einer Woche bitte mal genau diese letzten 5 Seiten an - vielleicht
kannst Du dann sehen wie peinlich das alles ist.

Nur weil andere sich kindisch verhalten muss man nicht auch
noch darauf eingehen und das Forum unbrauchbar machen.

Can we agree then, that fluctuations of 20% between 2 blocks 78 minutes apart are happening frequently and is not an indication of miners leaving burst, but rather, for instance, a pool temporarily down.  It is of course a shortterm problem (for the pool and miners there) but longterm it is not a problem for burst as such.

I don't have a problem with people alerting in the forum if NW size changes a lot. But don't cherrypick the numbers and make it look like something it is not.  New block right now. basetarget 1891665 seems like we are stabilizing just under 2mln basetarget.  That is in line with the last week or so i think, from memory. perhaps a bit on the high side.

The only thing about network size that is important is that it is so big that the largest miner do not have a share that is close to 51%, and so big that it would take quite some time and money for someone to get there.

hi,
you take 2 pysical maschines with win2012 r2 and both have 2 networkadapters.
with one networkadapter you connect them directly for the sync of the vm, the others you connect to your gateway.
use a business gateway with a sla with a availability of 99.999% (sure its expensive, but for other purposes i have one). so you have garantied working line for exept 4h a year.

then configure hyper failover clustering
setup a vm
setup failover clustering for this vm
install your pool
setup a service tool that checks if the service runs, if not restart it and let wallet and pool software monitor
then on a third maschine confige a network managing tool as PRTG Network Monitor and let check the maschines, services, availbility and confige a email and sms info, if something goes wrong.

finish :-)

Ah, so you think that other pools would participate on an attack.
Why would they? Just to prove that it is possible, that something has to be done?
I see, you are doing a lot. .... typing! holding on the coin, because it will become soooo much worth ---- GREEDY!

Miners should pay from their own pocket, never use any expenses from the mined coins. .... right???