Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 222. (Read 2170889 times)

sorry for slightly off topic, but now I am curious:

Which ones are those? I know NXT, HZ and BURST. What are the others? Thanks a lot!

All yours. One account is all that's needed.....and the blago miner proxy feature may be handy as well, cause if you have too many rigs, you may be penalized by the pool for submitting too many shares per block. This is IP address based, so extra accounts won't even help for this ( but this only really counts if you have A LOT of rigs, and can be avoided by using the settings in blago to limit shares to below 30 days or whatever).

If I buy a load of 3 Tb HDD and I split them between several rigs, will it be considered as all mine on the pool or will I need to create several account ? It's better if they are all conspired as mine, right ?

I didnt said that BURST is an NXT copycat, I sad that BURST is similar to NXT, and NXT's copycats.

That doesnt mean BURST is an NXT copycat, i just said that NXT has many copycats, but it implies that BURST is way more than NXT, while many NXT copycats are not.

Read my post again.


Oh ok, so i guess with my 200 GB hard disk i wont become rich lol.

1) Burst's assets are exactly like NXT. An amount is specified at creation, and then no more can EVER be created.

2) Both SSD and HDD work, although read speed is not a bottleneck, and so for $/tb, you are far better off using a HDD, and therefore everyone uses HDD

If you think Burst is a NXT copycat, then you should study all the features that Burst has that NXT doesn't has - and return here when you are a bit more educated.


1) Don't know, as I don't deal with assets.

2) Yes. Whatever that matters.

3) This is a HDD mining coin, no one uses SDDs.

I have a few questions about this altcoin, it looks very similar to nxt, and its copycats.

1) Can the assets's maximum supply on these altcoins be modified? In other words, can you issue more assets than the initial issuing?

In counterparty (XCP),mastercoin (MSC) you can create an asset and then issue infinite amount of it, which is obviously a problem


2) Is BURST listed on Bittrex?

3) Can this coin be mined with HDD or it is only for SDD mining?

Please answer my questions

Hmm... Could have been Burst... But now Coinffeine get the headlines: "First Decentralized Bitcoin Exchange Launches". Article in cryptocoinsnews.com, here's an excerpt:




Too bad...

From CoinTelegraph: "Keybase Raises $10.8M to Develop Encrypted Messaging Using Public Keys" - funding for encrypted messaging, doesn't Burst has that already?

http://cointelegraph.com/news/114919/keybase-raises-108m-to-develop-encrypted-messaging-using-public-keys

Which pool? You need to set it to a burst address, not a pool url. Burst address, like in my sig, (BURST-XXXX-XXXX-XXXX-XXXXX).

Sorry, but can anyone help me.

I can't change "Set reward recipient:".
I always get {"errorDescription":"Unknown account","errorCode":5}.

Thank you.

this sounds to me like mining btc back in 2010 

I like the idea but used calculator somewhere and was getting almost 2 dollars prr month using 2 TB space.  Not much. 

this depends on how you define timeframe. even for the top 10 miner a 24h analysis range is small since several miner mined the same amount of blocks.
the average time in minutes between mined blocks in the last 24h for the top 10 blockfinder are  these:
25
96
120
130
180
288
288
288
360
360

sure these are averages but since we mine deadline based there are always some "lucky" blocks which phase out good deadlines which would get a block within 4 minutes otherwise.
i already posted earlier that the 24 blocks in the basetarget formula should be at least increased to smooth the basetarget.
if you look at the block times the diff cannot go much higher than it currently is simply because the network is limited to a certain amount of plotted nonces for each account and if there is no lucky one in the diff goes down much faster than up.
i did a analysis some time back and realized to drive up the diff 8 "fast" blocks can be phased out by one slow block.
we should really think of how the formula can get adjusted or deadlines be cut after a maximum time like 16 minutes or less have passed.

if you look on the last 25 basetargets it looks like 25% of the network switches on and off (even more if you interpret the target in a linear way which it not is --> 2^64 nonces --> 2^22 is 1TB plots --> 2^32 nonces is 1 pb plots and most people mine with less for a single address):

mysql> select height, target, blocktime from blocks order by height desc limit 25;
+--------+---------+-----------+
| height | target  | blocktime |
+--------+---------+-----------+
| 123129 | 1926858 |        - |
| 123128 | 2015697 |        46 |
| 123127 | 1773816 |       797 |
| 123126 | 1877106 |       122 |
| 123125 | 1824186 |       301 |
| 123124 | 1791419 |       120 |
| 123123 | 1670390 |       444 |
| 123122 | 1668904 |       156 |
| 123121 | 1668280 |        77 |
| 123120 | 1727230 |       422 |
| 123119 | 1698327 |       209 |
| 123118 | 1723225 |       114 |
| 123117 | 1701750 |       344 |
| 123116 | 2127188 |        41 |
| 123115 | 2231141 |       238 |
| 123114 | 2395002 |        76 |
| 123113 | 2288660 |       220 |
| 123112 | 2218216 |       108 |
| 123111 | 2178155 |       218 |
| 123110 | 2188851 |        88 |
| 123109 | 2124294 |       173 |
| 123108 | 2049925 |       167 |
| 123107 | 1925893 |       396 |
| 123106 | 1910637 |        42 |
| 123105 | 1748422 |       797 |
+--------+---------+-----------+
25 rows in set (0,00 sec)

to get rid of this we need a pool mining with a single address for all miner.

1TB will get you a block in around 35 days (but this will vary greatly!). It would be better to pool mine.

See the calculator here http://burstcoin.biz/calculator

What is the TB amount one should consider solo mining with instead of pool mining?

if you analyse top 10 miners, what is the distribution of when they find blocks?
for ex.  are blocks found throughout a 24 hr period with random distribution, or for some miners are found blocks concentrated into a specific timeframe?

You will find infos at the link above, feel free to ask detail questions there ...

A new version seems overdue. Any idea Eta for new version?  It's about time for new version to keep interest up and going for Burst.

While I'm already spamming the thread, I also would like to say "Thank you" to xizmax!    After months of little activity Burst's twitter account is not only awake but better than ever

You find it here: https://twitter.com/real_burstcoin

Please join and retweet as much as possible