Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 174. (Read 2170648 times)

its all about money and if people until now didnt realise that also crow is here for the money, at least now it should be clear. but that is nothing that you can blame anybody for.

what i criticize  is:

placing a asset, without a garantied payout, without a rebuy option for the sold shares.

So you can collect easy and fast money, sell the burst, let the asset run a little bit and if then after a while and then when no more new shares could be sold to new investors than slowly decrease the payout. the asset get less and less worth and the proposed sell option to other users will be worth nothing, because the prices go down or nobody wants the asset anymore.

also with this asset every investor helps bin to increase his miningpower and helps him to get the 51%....

dont know if the people in the crypto world are so stupid to invest in such things, but it seems to work.....

sorry about my typing speed, this keyboard here sometimes cannot keep up with it.

suppose i mine in your pool.

suppose i fear that you would participate in a 51% attack, using the pool's hashing power.

then, by going solo, your pool looses my TB , and my TB is then on the "good guy" part of the network that is working against the attack, if it should happen.

You need to read other posts also, not only look for my words! If you would have, then you would have read that crytomining.farm with 1,773 registered users were down for a while, ... and that droves the network size down.

Short, we are save again, .... right?

Please write s-l-o-w-l-y. Read a couple of times what you wrote!

I am puzzled with your logic. Are you saying if the NETWORK is attacked by somebody with +51% then you are save with mining on solo?

And right now (height 141921) basetarget is 1773873 so since last post difficulty went a lot higher, and implied nw size also rose a lot. 


looking at august, sep, we had a drop, but we have stabilized once the price stabilized. http://burstcoin.biz/charts/estimated-network-size    we are around 8K or so, acc to this graph, which represents a more reasonable picture, it also shows that it is natural for the nw size to be volatile in the short run.

I do not claim that NW size went up 40% since my last post, but i claim that taking two samples a few hours apart is not very useful.

You and a doctor? Give me a break!
Your writing does not contribute anything to BURST

Suppose bitladen manages to threat or lure a pool into participating in a 51% attack.  Then all the miners in the pool participate even though they don't want to see the coin destroyed. Especially the miners that mine and keep burst are royally screwed.

on the other hand, if they go solo (or go to a pool they expect not willing to participate) , they mine against the attacker.

it is prove.
a proof
you prove

Your english is not the best either, and english skills does not matter at all as long as we can understand each other, so stop being childish.

Looking at baseTarget ( lower the more difficult to hit the block ) it shifts between 1.5mln and 3mln these days.  So a change +/- 50% between individual blocks the same day is kinda normal. You have to look at the average over a day to get anything meaningful. Also, at the time we were going into the weekend, often we see smaller network size in the weekend.  Btw. the higher basetarget and lower network size is a big plus for me personally, i get double as many blocks with half the network size. - if network size dropped and stayed low, new miners would start mining bc it was profitable. It is self-adjusting, the network size is supposed to mirror the BURST price and the price of mining, more or less.

It is rather meaningless to measure two samples 78 minutes apart. I could perhaps even dig in and look at the blocks in that timespan and find a sequence where the NW size go up , it wobbles up and down all the time.

baseTarget is right now 2811701

As long as we don't get a 51% attack, a low network size will lure in new miners, and once they have plottetd they are likely to stay as buying the HD and plotting is the expensive part. When that is done, you can just as well mine, running costs are neglible.

We should not concern us about network size, we should concern us about ( as we agree ) figuring out usecases for people to use burst. We have one - store of value... i think people get that, although bitladen destroyed some confidence and induced a crash, there are others, use for trading goods,  use blockchain for decentralized trading and lots more.

The bitladen portion of the PBs is a bit on the large side, so me and hopefully lots of other miners will be increasing our TBs to compensate. When we feel safe again, network size will probably stay where it is, to wait for price to catch up.

Elmit,

please, take your meds - you are now over four-five posts on every page. If you do not have meds, get professional help.

I know this is might just seem like another criticism of you, but I don't write to hurt, provoke or aggravate you. As a doctor, I'd never do that. I'm just trying to reach you (hence the first two sentence) and get you to understand that your behavior is hurting Burst.

If someone is gone for a day, they have several pages extra to read to find the vital, constructive posts from other people just because of you. You have very little to contribute in those discussion, so please just stop and follow your doc's instructions.

I beg to differ. A currency should be used both for exchange of value, and as a store of value. A person that saves up for something is not greedy in my book, he is just able to postpone pleasure, to ensure he have a cushion for bad periods with lower income. He is also able to save up funds for larger investments or purchages, and able to save up and wait for the right time to buy. That is all good, and that personality type is neccessary if you want anything done.  Greedy is more like the fat dude that eats all the chips as soon as the bags are opened. He can't control himself, just wants it all, an to hell with all the other people who have a higher level of self control.

So holding burst is not a bad thing, it is the holders that keep the price up. If i sold my 4.5 mln burst, surely the price would go down, so due to me not selling, the price is higher.

There are 2 billion coins, plenty available for trade, buy/offer services, it's not a problem that a lot of people use it as gold - as a store of value. In fact it is a testament to the trust in burst.

Good, so the network is not crashing, it is just a temporary fall out.

Which are the other pools affected?
burst.ninja was a couple of blocks back, but is working now again.

burst.mininghere.com and pool.burstcoin.de had no problems.

Can you tell me more about your "failover config"?

Are you running to complete set of servers?
On different networks?
Do they have the ability to talk to each other/sync till the point of failure?
How will the miner switch to the backup server? How, if this switch is the failure?
How did they switch back, if at all, since the other one could now run till a failure happens to switch to the first one.
("because of failover config:) How often was your failover actual needed?

"extreme low ping times"
That is a number of the network. Nowadays most of the servers are nearly in lightspeed reachable, so the ping result depends just from where you ping. I found there is still a difference if you use IPv4 or IPv6

I am not sure what you are trying to utter here!

Can you tell us clear what you agree/disagree and why?
I am not sure why switching to solo-mining would be an advantage. Can you explain that too, please?

Exactly! NOTHING!
To buy some coins shows that you do not understand how it works.


... and that's what you can do best! Talking nonsense / or repeat nonsense.
You do not proof your grade in English all the time, .... we got it by now!

Bitladen asset?  Crowetic are You reading what You are proposing?  Giving money to wannabe 51% attacker to expand portion of mining volume he is controlling right now? Yeah, sure... 
I'm switching to solo-mining just to prevent this "greedynitis" spread to pool owners...

just use my http://pool.burstcoin.de
100% available since weeks because of a failover config!
ultra fast connection and extreme low ping times!

A few of the pools have randomly gone down over the past few days, I hope it isn't due to malicious activity.

cryptomining.farm has been down since noon, this is the loss in network power today.

I've done nothing, except buy some coins, which, in my opinion is a more positive contribution than your constant trolling and scam asset creation (according to other regular forum posters). If you can't understand English, then chat on a German forum.