Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 281. (Read 2171083 times)

Erm... It's not just about selling, it's about buying too. Burst doesn't have enough demand to support everyone selling. If all the holders sold, the coin would crash. That's why it was so profitable for so long to mine, because a lot of people were holding. There is a LOT of Burst in circulation right now being held by people.

The coin price right now is what happens when the holders start selling. There isn't enough buyers. Selling and buying will just encourage more dumping unless you're buying more then you're selling.

Yes, people may leave the coin for another if there is more then one PoC coin. That's what happens when there are choices. It doesn't mean the coin is any less dead if another doesn't exist, it just means the technology has more then one home and wont die out with one coin (if the coin dies). Right now all the eggs are in one basket. Every major algo has more then one coin associated with it EXCEPT PoC.

Mining for the sake of 'security' is a self serving excuse. The coin would be fine without massive hash power much as it was before it had it. Also this is different from what you said a month ago when you were saying you hold all your coins and don't sell any. Perhaps the reason the market is crashing right now is because of you as I predicted a month ago? Burst was being propped up by a bunch of miners holding hands and not selling. You get one big miner who decides to start dumping and the coin goes with it. Good job bro.



The coin still really has massive usability problems. You can't even make smart contracts without a lot of work. The wallet is a hassle to use and if you want to start mining you have to jump through a ton of hoops to do so. Many PoW coins have a simple 'mine' button right on the wallet. Obviously it doesn't work very well, but it still has it. I'm sure PoC2 will help with plot generation times, but right now it's a fairly complicated and very long process.

New Asset Announcement

Name: ByteEMini
Asset ID: 639537212154320
Offer Price: 0.4
Total Shares: 100,000
Dividends: Monthly

100 ByteEMini = 1 ByteEnt

This asset is based on my personal holdings of 1000 x ByteEnt shares details on this can found here
https://bitcointalksearch.org/topic/m.10682579

All dividends received on my 1000 ByteEnt shares will be passed onto ByteEMini holders. Payouts monthly.

This asset is for people that were interested in the ByteEnt shares, but perhaps didn't have the funds for purchasing
or missed the initial offer or want to try out the asset market with a smaller asset purchase.

To purchase:-
Open burst wallet
Click Asset Exchange tab on left side navigation menu
Click Add Asset button top right side corner
Enter asset id: 639537212154320

Recommended purchase in blocks of 100

Any questions please ask.
Thank you.

01/06/15 - Dividend paid 0.0097626 per share
01/07/15 - Dividend paid 0.0046139 per share
05/08/15 - Dividend paid 0.0064626 per share
08/09/15 - Dividend paid 0.0078800 per share
05/10/15 - Dividend paid 0.0067300 per share
06/11/15 - Dividend paid 0.0008270 per share
04/12/15 - Dividend paid 0.0072500 per share
06/01/16 - Dividend paid 0.0085626 per share
12/02/16 - Dividend paid 0.0061700 per share
10/03/16 - Dividend paid 0.0121132 per share
06/04/16 - Dividend paid 0.00925    per share
10/05/16 - Dividend paid 0.00756    per share
08/06/16 - Dividend paid 0.00585    per share
08/07/16 - Dividend paid 0.00579    per share
09/08/16 - Dividend paid 0.01256    per share
06/09/16 - Dividend paid 0.00704    per share
10/10/16 - Dividend paid 0.00504    per share
09/11/16 - Dividend paid 0.00593    per share
09/12/16 - Dividend paid 0.00459    per share
17/01/17 - Dividend paid 0.00539    per share
14/02/17 - Dividend paid 0.00471    per share

14/02/17 ByteEMini - Important Update! Share Swap
Important update regarding this asset which I have maintained for over almost two years. I don't have time to put into the payments of dividends and the original idea was that this asset was a mini version of the ByteEnt asset at a ratio of 100/1.
Not much trading takes place and the asset holders are pretty much constant holders so I've decided to swap over the ByteEMini assets for the actual ByteEnt asset on the same basis they were purchased 100/1.

No more dividends will be paid by this asset. Asset holders need to transfer their ByteEMini assets to BURST-N8KB-DKKW-9C4W-AF289 where they will be exchanged for ByteEnt assets at a ratio of 100/1. If you don't have a round number transfer what you have and I'll round up your amount so you get the correct number of ByteEnt.

Thankyou.

It's not aiming low, it's just one of several possible starting points.
The reality is that most people will not be using smart contracts, no matter what cool features it provides.
People want to be able to swap burstcoin for other things, just like they do with a fiat currency. Nobody wants the actual paper (fiat), they want the stuff you can buy with it.

My 2 bursts:

Yes, features boost trading, but still we have to trade it in order to have something to boost.
So don't hold all, trade some. And most importantly after you sell, place buy orders. This puts pressure on the traders, they can no longer wait for the price to drop.

poloniex and bittrex are great assets this coin has. sadly we are not using them right.

Why aim so low, dice games are everywhere. We need something a bit more.

The smart contracts is really awesome.

Hi,

My two cents!

The value of this coin and all other crypto coins are based on its usability and perceived value.

Right now we can only Mine -> Hold / Exchange for btc / Buy Assets / Donate for PR

We need to create more items, tools, services & products so people can spend and earn burst within our
community and then build outwards from there. We need more places to spend the coin, more stuff like
the burst derby game (which I loved), more assets, more trading.

Is someone here capable of building a burstcoin dice or similar game. I'd be happy to pay in burst for
such a creation.

Thanks

Yea I wonder, why is there no decentralized exchange for BURST at least? BURST supports this

Burst is on a nosedive. Holders don't seem to understand that this is a coin. Thus it has to be traded. Don't hold it, dump, pump, make action on the market.
Everybody is holding and it's slowly dying. Don't dream it's gonna jump to 300 overnight. It can only happen if there is action on the market.
I said this 2 months ago, everybody was dreaming to sell it @300 back then. Now, it looks like was right, unfortunately.

So all holders (many miners included here, I assume)  dump some coins, and put a buy order. If everybody did that, we'd be well. We need action. If no trades happen, coin is dying.

And there's the other issue of fast decreasing block reward. If block reward decreases faster than the BURST/BTC value increases, it's bad news. And the value keeps decreasing!
The only reason I'm still mining BURST is because there's no other PoC coin yet. I plan to make one though, and hopefully other people will make PoC coins also.

If there were other PoC coins, many miners would have left BURST for another, and then without miners the coin is completely dead.

I hear many people criticizing me that I mine to get profit. Well, duuuuuh!!! That's why anybody mines. And thus far I ended up mostly holding.
BUT I DO SOMETHING for the coin. I MINE. I mine a lot. I do a lot for the coin. Without hashpower the coin is insecure (open to 51% attack) and therefore dead, or ready to die at any time.

Decentralized Crowdfunding with no fees - done.
Decentralized Lotteries with no fees - done.

https://bitcointalksearch.org/topic/m.11330897

Imagine a decentralized Coin Exchange platform with Burst as Lead C:\urrency

Who has a wplotgenerator version such that not only to break a disk into plots, but also to mining at once? Lay out it somewhere and please here link a reference!

Kinda doubt Burst is going to 'die', but there is way too much Burst in circulation so it's entirely possible it may halve again. This is why I mentioned there should be more then one coin that uses PoC.

Since PoC uses relatively little electricity the hash power will probably stay the same. I'm contemplating selling my HDs at the moment as it was a bad idea to invest all in on one coin, but I really don't want to take the 30% hit on of reselling them. ROI right now is completely out the window.

i hope no, because i'm holding / mining burst from the beginning,
but...
the chart it is rellay clear:
we are going to die?

I have the feelings there are UNWRITTEN RULES to obey, like
- don't mine with the same IP,
- don't mine with the same hard disk multiple users,
- don't sell Bursts,
- don't trade with Bursts,
- ... (fill the blanks)
- in fact do not do anything with it,
just DONATE them, and hope that the PR Gods will promote Bursts.

FYI, ANY transaction has a transaction fee attached, and THAT fee is for the miners. Therefore don't STARE at your (thousands/millions of) Bursts, move them instead. If there is no NEED for that, than there is also no NEED for Bursts at all.

I suggest to:
- create shops
- create assets
- create/use/promote AT (like the long forgotten lottery)
- add Burst ads to your email, ... social networks' signatures
- promote Burst's AT ability

... just do it! Don't wait till the PR team has a flash once again. Donate to yourself, but promote now!

 Stop search for imbeciles and genius, just send some Burst as donation to people who work hard to make that coin bigger.
 Send some mBTC to PR team.
 Btw why you use a middle account to move burst?

I've been doing some sleuthing while using devpool v2. V2 doesn't seem to take into account how many deadlines you submit within a certain amount of time or it averages them. Which means miners who are really slow are getting paid extra for faster blocks where they can't submit as many deadlines.

Maybe this is incorrect, but it definitely seems that way. I'm getting paid just as much for doubling my mine time (50s to 100s).

This means slow miners that can't help contribute as much to faster blocks are getting rewarded like they can.


Also I still forge a lot more blocks on pools then solo for some reason. No one really has come up with a explanation for this. Has anyone else experienced this?


Why would you want GPU miners to be attracted to Burst? The whole idea of PoC is to use HDs to mine... ~_~

Who has a wplotgenerator version such that not only to break a disk into plots, but also to mining at once? Lay out it somewhere and please here link a reference!

You can say This all day long but it will not work. It was tried and failed. The payments were too low to justify it.

That's it your a genius! You can read the blockchain!
A coin is a coin, and not a forum thread, has to have value, right? Can't draw its value from people talking on the forum, has to be bought and sold.
I sell some, I keep some. FYI, I have 8 mil burst, and I'd rather not have them, but then I'm not gonna dump at 100 either.

And I just beat all pools, I'm #1 miner. And going up! I'd quit at this price, but then again BURST is really inexpensive to mine. Perhaps we need more PoC coins. Block reward is deflating too fast here, it is going to kill the coin.

Multipools did not pay well. Waste of time.

There was one, once a while back. I wonder where it went?