Just a FYI I deposited some Burst at Poloniex and I haven't had it credited in my account. I contacted them and they said they'd 'look into it', but that was yesterday. Be forwarned.
And no Poloniex has nothing to do with the dump. That was a classic pump and dump, now the coin was lower then where it began with. Probably has something to do with Bitladen 'generating more volume so people see it and buy' strategy. -_-
And no Poloniex has nothing to do with the dump. That was a classic pump and dump, now the coin was lower then where it began with. Probably has something to do with Bitladen 'generating more volume so people see it and buy' strategy. -_-
Bitladen?
I am a little bit puzzled about that!
Just for split of a second think, that Bitladen would not mine at all. How LESS Burst would then have been created so far?
When you figured out the answer, then you will understand my point!
@Elmit, bensam quoted bitladen's call for "generat[e|ing] more volume ON THE EXCHANGES".
@Bitladen, have you beefed up your rig ?
For weeks you had 800-900TB online (extrapolated from the yield of my 380TB rig), and then starting around May 5th it looks more like 1.5 PB. It could also mean you fixed some i/o, cpu or other bottleneck while maintaining the storage footprint. I'd be interested to hear details about that.
One good thing I'd like to read from that is: you burden the operating expense because you believe in the future of this coin.
I'm in the same boat. I have to, as my opex (5 W/TB @ 0.35 USD/kWh) is very high and wouldn't be covered by the mining yield today - if I sold today. All will be good in year or two.
I just acquired more capacity.
Anyhow, there's clearly need for a new PoC coin.
PoC is not dead, it's good, it's just that the coin has deflated too fast and now most coins are held by a few who first mined it. That's why nobody would risk buying it.
It's not really worth mining it, but if there was another PoC option, the coin price would select where the miners go.
I did start a bounty to bring a coin mixer feature to burst. This might just increase the interest in the coin.
Anyhow, when I get the time, I will make a new PoC coin, so us miners don't have to put up with this situation forever.
Look at every one of the top ten or so coins.. know what they have in common? They have at least one, usually a few very large holders who have a lot of incentive to grow the coin and make sure it succeeds.. they also don't always start out as a top ten coin and have some ups and downs.
