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Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 183. (Read 2170648 times)

hero member
Activity: 588
Merit: 500
The main reason I want to stick with Burst was the possibility to use data storage on the plots, the ideal of it. I know Storj was once interested in doing something with Burst, but the dev seem not to follow up on it. Since Storj is in beta of their latest tech, would be nice to see Burst or some kind of PoC coin do a project with Siacoin before they explode.

@taek feels that poc is flawed. I have looked and looked and talked to people....and nope, can't figure out the flaws he refers to  Undecided He is quite skeptical at our netsize as well....seems to think that the netsize can't possibly be 8pb....well, we all know it's legit. I think it's just that we have way more than Sia does Cheesy

As far as a small wallet release with a few nice fixes, well, not a bad idea, i did clone the repo, and may do a few changes in the wallet and make a release. Will have to talk to a few people about it.

ATM I only have a few hours / week for Burst, and am not sure how to spend my time.

There are a few options for me...I'm not a great dev, so this is about what I'm capable of / interested in. It could all take absolutely ages!

  • Rebuild the wallet with electron. This will allow us to have a wallet which can install any operating system, and can run standalone from the web. I will also make it way easier to modify, allowing devs to easily work with Burst. This would initially be a very simple release with little functionality. Hopefully I can collaborate with daWallet on this project and implement mining/plotting functionality.
  • Work on a new website. I think this is well overdue. With the release I will also release the official wallet with some small mods (catbref’s wallet.burst.city mods and some of my own). The new site would be run on github pages, making it easy for anyone to edit the site, and would also have github powered docs, allowing us all to easily make and edit guides. For this to work I’ll need the community to get behind this.
  • Build some web apps which use the blockchain for NXT, and then through this advertise Burst. This would be the option which would take the longest, and would be the most difficult, but may have some good payoffs  in perhaps nxt devs getting involved here.

At the moment I am planning on going with option 2, the new website, but would love to hear what the community wants me to do, and whether there are other things I should do.
hero member
Activity: 785
Merit: 500
BURST got Smart Contracts (AT)
burst.ninja sems to stuck at block 141093, while other pools are at 141190
hero member
Activity: 518
Merit: 500
For some time  burst price  located at the bottom, What are the odds to return to 70 satoshi level?(I bought the that level)

Burst is truly at a crossroads in the next couple of weeks/months, that all depends on the community on how it should evolve to survive and grow.

I like your quote" I want more innovation! think b4 u dev a coin!" 90% of devs need to be like that....lol
hero member
Activity: 736
Merit: 500
For some time  burst price  located at the bottom, What are the odds to return to 70 satoshi level?(I bought the that level)
hero member
Activity: 518
Merit: 500
The main reason I want to stick with Burst was the possibility to use data storage on the plots, the ideal of it and being able to mine still. I know Storj was once interested in doing something with Burst, but the dev seem not to follow up on it. Since Storj is in beta of their latest tech, would be nice to see Burst or some kind of PoC coin do a project with Siacoin before they explode.
legendary
Activity: 914
Merit: 1001
a higher reward would just kill the coin faster since more coins would be dumped but not enough buyers are available.
I think the key is to stabilize first. get rid of all the drama, and focus on development. get a new dev who is first able
to implement all the stuff which is missing (reward assignment in a proper way integrated, marketplace etc.).

then you can think about new features.

Totally,  absolutely agree.

Check out wallet.burst.city, reward assignment is already integrated.

well, maybe it would be a good idea to clone the git repository, check in the changes and make a new release?
Not every release needs to have a killer feature. Sometimes it's ok, to just have a few tweaks and stuff.

But people just want active and steady development.
sr. member
Activity: 355
Merit: 250
You have lost another miner

excellent, soon i will have 51%

REMEMBER.

1) Take a pills
2) Visit doctor

 Grin
And your paranoia gone Smiley
member
Activity: 84
Merit: 10
i have no vote into the materia of the facts of coin rewards per block i have no vote on the saying that 30 satoshis its few for me to mine i just think that burst coin its geting like i suposed to be 6 months ago down a drain if theres no much more things to be done like blocks reward better taken and a pump a bit into the coin to the 60 satoshis for people ot figure out the HDD prices of 15 dolllars per TB and that can be roi into mining after like 6 months if btc and burst rises
legendary
Activity: 3136
Merit: 1116
Forgive me for trying to save you. I'm not offering to anymore. Find somebody else.

And me hold burst? Do you think I'm an idiot, like that? I'm not, you are

The value of any currency comes from perceived value, i.e., trust. No dollar, yuan, ruble, drachma, etc. has any real intrinsic value; its value is derived from the trust that people have in their government that it will be worth something, generally the trust that it will be worth about the same tomorrow as it was today. You can argue for gold, but that's really more of a commodity, and in fact is probably worth so much because its perceived value as a safe haven drives the cost well above what it would be for its industrial use alone.

What I'm trying to say is: how the fuck did this whiny doucherag come so close to being in charge of development for this coin? He is constantly belittling the majority of the people in this thread for being idiots for holding the coin, not to mention threatening to attack the same coin and reduce its value to nothing. He asks for a higher reward so he can dump more faster. I mean seriously, wtf? Wtf are you smoking crowetic?

Besides that he's demonstrated zero capability of implementing any features afaik. It would be simple to change one or a few lines of code to increase the block reward, which seems to be his primary concern, but has he shown any capability to implement the other features that he's proposed? Let him release a new version or show some code or stfu (though the latter seems unlikely)...

full member
Activity: 322
Merit: 100
You have lost another miner

excellent, soon i will have 51%
hero member
Activity: 724
Merit: 504
Forgive me for trying to save you. I'm not offering to anymore. Find somebody else.

And me hold burst? Do you think I'm an idiot, like that? I'm not, you are
I see you are still here and you still mine the coin. hmmm  you save the coin by trashing its thread and as for me

........By Burst community its was fun before  the likes of bitladen.


You have lost another miner
full member
Activity: 322
Merit: 100
Forgive me for trying to save you. I'm not offering to anymore. Find somebody else.

And me hold burst? Do you think I'm an idiot, like that? I'm not, you are
legendary
Activity: 924
Merit: 1000
Things need to change for BURST. Clearly the way it is now is not working. Giving a percent to the DEVS is reasonable assuming the rewards are increased or at least plateau and not consistently decreasing like it is now. The new core team looks good but making bitladen the lead dev gives me a lot of mixed feelings. He has a vested interested in this coin (with all the hashpower) and I am sure he is more than qualified to be a DEV but his attitude is a major turnoff. If we start attracting new people who start posting opinions it does not look inviting to have the lead dev posting rude comments just because he disagrees with the poster. The decentralized file storage would be similar to STORJ? Is that the end game for it or am I misinterpreting it? Like I said earlier there needs to be more utilization of the coin that is not just from an investment standpoint. A lot of people like to gamble with bitcoin so having a gambling aspect with burst could be helpful (dice games, sports betting, casino ,etc).  Hopefully its possible.
hero member
Activity: 724
Merit: 504
Bitladen,
You seem upset lately and wonder why not sell your shares and leave burst for another coin.
Maybe fork it the way you wanted too. It just seems to me all this complaining isn't getting anywhere.
If you are upset at me for making this comment then you care enough about this coin to make a differance.

As for me I will mine it

Everything that was an old stable coin took a hit when they tried to fork bitcoin into XT but I don't need to complain about it.
full member
Activity: 322
Merit: 100
You know guys, let's just leave it as it is. BURST is just perfect, and it's on a clear ascending trend, has no problem at all. It will soon take over the world.

It's not like I expected you would ever say yes, I just enjoy yanking your chain.

crowetic better find you another dev, I'm sure programmers are lined up waiting for an opportunity to prove their skills to the burst "community"

Considering the magnitude of your project, it being the next thing in cryptocurrencies, maybe even Linus Torvalds. He's totally unlike me, not cocky at all, and very humble.
hero member
Activity: 504
Merit: 500
Why be afraid of a clone or new coin-fork with some tweaks and other features? Since when has competition been bad?


Let the miners decide with their mining Capacity.

Let the investors decide with their money.

Let the alternatives attract new devs and talent, if possible.

Let's see which one has most support.

Let's - basically - see which one will survive,
 - or let both die,
 - or possibly let a third PoC coin be born out of the discussions, development, competition - and ashes.


Evolution, baby  Grin


hero member
Activity: 588
Merit: 500
a higher reward would just kill the coin faster since more coins would be dumped but not enough buyers are available.
I think the key is to stabilize first. get rid of all the drama, and focus on development. get a new dev who is first able
to implement all the stuff which is missing (reward assignment in a proper way integrated, marketplace etc.).

then you can think about new features.

Totally,  absolutely agree.

Check out wallet.burst.city, reward assignment is already integrated.
hero member
Activity: 868
Merit: 1000
a higher reward would just kill the coin faster since more coins would be dumped but not enough buyers are available.
I think the key is to stabilize first. get rid of all the drama, and focus on development. get a new dev who is first able
to implement all the stuff which is missing (reward assignment in a proper way integrated, marketplace etc.).

then you can think about new features.

Totally,  absolutely agree.
legendary
Activity: 1792
Merit: 1010
...
...

you wrote "the quantity supplied will increase (netsize)"

i read that as if demand rises, we get larger netsize, and thus more BURST coins into existance.
Quantity = number of BURST coins
supplied = new BURST coming into existance due to mining

I think this is the correct chain of events, if we start by assuming a larger demand, the very very first step is of course just an example of what could make demand go up


1) BURST wallet on android with barcode scanner and shower, making exchanging burst between phones as easy as with bitcoin wallet

2) a lot of people previously unrelated to BURST become BURST wallet owners and buy some BURST for their new wallets at the exchanges

3) price go up due to the buys

4) miners see ROI go up as measured in dollars, so they figure it is a good deal to buy more disk space.  New miners are attracted due to the number of BURST expected per terabyte is now worth more due to the higher BURST per dollar price

5) the new TBs of course lead to a larger network size


This works both ways :

1) when bitladen starts threthening doing a 51% attack, some BURST holders decide the risk of temporary trouble with BURST has risen so they sell off some of their burst

2) the selling pressure will take out some bids and the BURST price will go down, measured in BTC

3) the lower prices makes miner ROI look worse, so not so many new miners find it economically attractive to start mining, and existing miners will not buy more disk space as much as the otherwise would

4) the TB taken out, and the less TB coming in means network size go down





When the network size adjusts, it also adjusts the probability of hitting a block, so although the same number of BURST is mined into existence no matter what the network size, The individual miner will get more BURST for a terabyte when network size is small, and less BURST for a terabyte when network size is large.



what a thoughtful analysis one the best I have seen, thank you, overall this POC (capacity) is a really good idea

the whole crypto business is ultimately based on using these crypto assets , so the idea of assets market place is great too (long term)

believe you are on the cutting edge dear friends regardless of the exchange price, dont get too greedy, I mine just about anything and hold

and would not put down dev team cause many have full time jobs (or school) and they do this off hours, what has been done here in terms of wallet and overall tech is phenomenal without doing this full time, like really

aka you are making history and people will be tracing these conversations one day with amazement ....

---

wont disclose what my overall TB capacity is, but even a thought to overwhelm the network with what is said as 51% attack is down right shooting oneself in a foot, and why and what for for few hundred $ profit ? (at the moment)  

not enough to buy self a shaving cream Cool

I liked (like) very much idea of connecting "solar panels or assets" to BURST (this is just an example, but it does make full sense due to super low energy consumption to the ratio of cryptographic complexity required..) , this is very futuristic , you are probably decades ahead in advance ...

off to scan rest of this landscape latest being Ethereum, that thing chews (that algo) so much energy it could lit the whole city (1000 miners and growing at the moment) probably wont do it as it is a hype, but people like it but it can be repeated in fact you have done it via AT transaction (that person had one day too much beer and something happened and he left, he should come back one day) you have what Ethereum has and alerady talking to Qora.. find it phenomenal and few outside of this forum knows about and  certainly not the population at large is clueless

Ethereum is mined by farms at an enormous cost and quickly dumped on the exchange , the usual pattern , the whole landscape is like that, people buy into expensive farms and then try to take % cut by recycling daily and take FIAT home..

legendary
Activity: 914
Merit: 1001
a higher reward would just kill the coin faster since more coins would be dumped but not enough buyers are available.
I think the key is to stabilize first. get rid of all the drama, and focus on development. get a new dev who is first able
to implement all the stuff which is missing (reward assignment in a proper way integrated, marketplace etc.).

then you can think about new features.
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