I think if BURST is able to be mined by GPU - I will kill the value , unless the block reward reduces 20 or 30 times..
value would be the same, because it is the same amount of BURST entering the economy, no matter how many resources are used for.
Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 282. (Read 2170895 times)
May 09, 2015, 01:10:14 PM
value would be the same, because it is the same amount of BURST entering the economy, no matter how many resources are used for.
May 09, 2015, 01:08:50 PM
If we get poc2 soon. Mining will be more attractive to the gpu miners...
i kind of like the harddisk mining as it works now. With burst POC it is more important to have disk space, and less important to have cheap electricity. Where i live the statist government puts a lot of taxes on power, i pay 0.35 USD per kwH. So harddisk mining is good for me, because it does not require much electricity.
May 09, 2015, 01:07:24 PM
I think if BURST is able to be mined by GPU - I will kill the value , unless the block reward reduces 20 or 30 times..
May 09, 2015, 12:53:42 PM
If we get poc2 soon. Mining will be more attractive to the gpu miners...
We need a good multi-pool... I'd point some GPU towards it
May 09, 2015, 12:47:42 PM
If we get poc2 soon. Mining will be more attractive to the gpu miners...
May 09, 2015, 12:16:06 PM
Apparently sometime last night the buy wall was eaten. RIP 7 BTC.
I agree, it's not about the tech though. It's about lack of a safety net. This technology is currently limited to one coin, where there are tons of coins and algos available for a GPU miner. Even if one coin explodes (I've seen many do that), GPUs can be shifted to a different coin or even moved around based on what is most profitable.
That's where I came from. Maybe I got lucky, but I had a rather large GPU farm before coming to Burst. They don't burn out unless you overvolt the crap out of them and the only thing that happens are the fans fail. Scrypt was the only thing that ran them really hot and even then it never caused any of mine to fail.
Not sure where your experience is coming from if you had a bunch, but you never mined with them then...
As far as experience with hard drives? I've owned quite a few over the years, this is also a good place to start: https://www.backblaze.com/blog/best-hard-drive/
That being said, not only do you lose warranty and HDs become more prone to failure over time, but they also get nosier as the bearings start to fail and they accrue bad sectors. They're mechanical, they will eventually, always fail as the bearings wear out (we are talking about mechanical HDs here, not SSDs). GPUs and CPUS are not mechanical except for the fans. Indeed, a few drives come with a 2-3 year warranty, a lot also come with a 1 year warranty, but both of these cover the five year failure window I mentioned. 5 year warranties are found on the more expensive HDs and you're essentially paying decent size premium for longer coverage.
I never said PoC was bad, it's bad that there is only one PoC coin.
Let's not forget that Burst mining doesn't utilize the hard drive 100% of the time like mining on an GPU does.
Just a few minutes per block.
No doubt GPUs are more flexible -- but the cost of mining Burst is SIGNIFICANTLY lower than any GPU mining... unless you have free electricity -- then all bets are off.
Just a few minutes per block.
No doubt GPUs are more flexible -- but the cost of mining Burst is SIGNIFICANTLY lower than any GPU mining... unless you have free electricity -- then all bets are off.
I agree, it's not about the tech though. It's about lack of a safety net. This technology is currently limited to one coin, where there are tons of coins and algos available for a GPU miner. Even if one coin explodes (I've seen many do that), GPUs can be shifted to a different coin or even moved around based on what is most profitable.
Do you actually use GPUs? or are you just making conversation? They are nowhere near as reliable as CPUs. The stock cooling is definitely not enough, I've had a bunch myself that failed, I wasn't even mining with them.
On the other hand, about HDDs, where do you get your information? Sure they have a limited lifespan. But that's like over 100,000 hours MTBF on any hard drive. And last I've checked they usually come with 2 or 3 year warranty if not 5. And 100k hours MTBF is over 10 years. In 10 years they'll be worthless anyway. So essentially HDDs have *unlimited* lifespan. And burst uses them like 1% of the time. So you can still use your computer, while mining. PoC is quite brilliant. Also, a HDD loses value more slowly than GPU or CPU, so BURST it's more like realestate, you make some money on the rent, but you still have the house that you can sell after 3 years. Oh and there's very little electricity cost too.
On the other hand, about HDDs, where do you get your information? Sure they have a limited lifespan. But that's like over 100,000 hours MTBF on any hard drive. And last I've checked they usually come with 2 or 3 year warranty if not 5. And 100k hours MTBF is over 10 years. In 10 years they'll be worthless anyway. So essentially HDDs have *unlimited* lifespan. And burst uses them like 1% of the time. So you can still use your computer, while mining. PoC is quite brilliant. Also, a HDD loses value more slowly than GPU or CPU, so BURST it's more like realestate, you make some money on the rent, but you still have the house that you can sell after 3 years. Oh and there's very little electricity cost too.
That's where I came from. Maybe I got lucky, but I had a rather large GPU farm before coming to Burst. They don't burn out unless you overvolt the crap out of them and the only thing that happens are the fans fail. Scrypt was the only thing that ran them really hot and even then it never caused any of mine to fail.
Not sure where your experience is coming from if you had a bunch, but you never mined with them then...
As far as experience with hard drives? I've owned quite a few over the years, this is also a good place to start: https://www.backblaze.com/blog/best-hard-drive/
That being said, not only do you lose warranty and HDs become more prone to failure over time, but they also get nosier as the bearings start to fail and they accrue bad sectors. They're mechanical, they will eventually, always fail as the bearings wear out (we are talking about mechanical HDs here, not SSDs). GPUs and CPUS are not mechanical except for the fans. Indeed, a few drives come with a 2-3 year warranty, a lot also come with a 1 year warranty, but both of these cover the five year failure window I mentioned. 5 year warranties are found on the more expensive HDs and you're essentially paying decent size premium for longer coverage.
I never said PoC was bad, it's bad that there is only one PoC coin.
May 09, 2015, 11:39:10 AM
BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
I had a sell order for a million burst and change at 112 but that was just to help weak hands sell into my buy order at 103. It worked, i've gotten all the burst back i temporarily used to buy some BTC i needed elsewhere.
I'll buy myself a few BTC for fiat, and spend them on liberland suisse settlement corporation shares https://www.facebook.com/pages/Liberland-Suisse-Settlement-Corporation/609330502536126?fref=ts , then i'll buy BURST for the rest, there will probably be a little left over...
Anyway, whoever sold burst at 103, thanks a bunch for helping me get my BURST back, i was missing them.
May 09, 2015, 10:33:24 AM
Doing minor tidying up on burst.ninja right now in case anyone wonders why it's gone slightly slow for a few minutes.
May 09, 2015, 10:22:04 AM
BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
Miner with name /bin/laden dump the last 2 months 20-40 block/day.Send a pm to that guy i m sure dump many burst on your buy order.People like me look forward.We believe in Burst.We help the PR team.You look only your pocket.7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
You're an imbecile. If I dumped everyday, what would be the volume? Ok I didn't dump because the price sucked. So if it keeps sucking, where does the coin go?
So yea, dump on my buy order, go right ahead!
You move 30-40 blocks 3-5 times a day in a midlle acount and then to Poloniex.....I think u move many billion Burst here to keep them fresh
.That Coin and that Team need people with faιth ,not people who look all the time at the PolonieXs price.
May 09, 2015, 06:19:43 AM
After the plotting, does the CPU and the RAM are important ?
No, you can mine with 2GB~1.5GB in Windows 8.1 with the Blago miner, and any dual-core CPU can be used for mining only. WIth a little linux distribution like Lubuntu i think you can mine with less than 1GB of ram with DCCT miner or Uray miner.
Nice thank you ! And if I put some internal HDD on "boxes" that have an USB cable (I don't know how this is called), is it profitable or will I lose a lot of time ?
May 09, 2015, 03:58:25 AM
After the plotting, does the CPU and the RAM are important ?
No, you can mine with 2GB~1.5GB in Windows 8.1 with the Blago miner, and any dual-core CPU can be used for mining only. WIth a little linux distribution like Lubuntu i think you can mine with less than 1GB of ram with DCCT miner or Uray miner.
May 09, 2015, 02:51:19 AM
Hard drives have a finite lifetime. The only thing I've had go wrong with my GPUs is the fans dying on them and a few oopsies that were totally my fault. I've never had on of my GPU miners just 'die' for no reason. Hard drives on the other hand I've had go bad numerous times with the lifetime of a HD being around five years or failing early and getting RMA'd. Most HDs don't have warranties that long unless you buy really expensive ones.
A properly cooled GPU doesn't lose anymore lifetime then a properly cooled CPU when operating 24/7. It's just the fans and particularly one brand of manufacturer had crap fans from the amount of RMAs I had to do on them. Overvolting is something completely different.
The GPU market price is entirely dependent on the saturation (290s and 280s are still saturating eBay for instance from the x-miner craze) and if a new model is released that also depreciates older cards.
As far as scaring away miners. Halving of the value of the coin in the last month probably did that. There is no security. PoC has one coin and if Burst falls through then you basically are stuck with a bunch of hardware you can't use to mine any other coin. GPUs are quite flexible.
Do you actually use GPUs? or are you just making conversation? They are nowhere near as reliable as CPUs. The stock cooling is definitely not enough, I've had a bunch myself that failed, I wasn't even mining with them.
On the other hand, about HDDs, where do you get your information? Sure they have a limited lifespan. But that's like over 100,000 hours MTBF on any hard drive. And last I've checked they usually come with 2 or 3 year warranty if not 5. And 100k hours MTBF is over 10 years. In 10 years they'll be worthless anyway. So essentially HDDs have *unlimited* lifespan. And burst uses them like 1% of the time. So you can still use your computer, while mining. PoC is quite brilliant. Also, a HDD loses value more slowly than GPU or CPU, so BURST it's more like realestate, you make some money on the rent, but you still have the house that you can sell after 3 years. Oh and there's very little electricity cost too.
May 09, 2015, 02:29:13 AM
BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
Miner with name /bin/laden dump the last 2 months 20-40 block/day.Send a pm to that guy i m sure dump many burst on your buy order.People like me look forward.We believe in Burst.We help the PR team.You look only your pocket.7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
You're an imbecile. If I dumped everyday, what would be the volume? Ok I didn't dump because the price sucked. So if it keeps sucking, where does the coin go?
So yea, dump on my buy order, go right ahead!
May 09, 2015, 01:44:13 AM
BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
Miner with name /bin/laden dump the last 2 months 20-40 block/day.Send a pm to that guy i m sure dump many burst on your buy order.People like me look forward.We believe in Burst.We help the PR team.You look only your pocket. 7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
May 08, 2015, 08:40:11 PM
Let's not forget that Burst mining doesn't utilize the hard drive 100% of the time like mining on an GPU does.
Just a few minutes per block.
No doubt GPUs are more flexible -- but the cost of mining Burst is SIGNIFICANTLY lower than any GPU mining... unless you have free electricity -- then all bets are off.
Just a few minutes per block.
No doubt GPUs are more flexible -- but the cost of mining Burst is SIGNIFICANTLY lower than any GPU mining... unless you have free electricity -- then all bets are off.
May 08, 2015, 07:50:05 PM
Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.
I disagree, if you purchased the drives with warranty, they should be easy to resell. Plus that I think a GPU is more easily damaged by mining than burst would a HDD.
And HDD tend to keep their price for longer than GPUs too.
Now the block reward structure is a different thing. It deflates way too fast, I said this before, the way block reward is going down right now is insane, it scares miners away.
Hard drives have a finite lifetime. The only thing I've had go wrong with my GPUs is the fans dying on them and a few oopsies that were totally my fault. I've never had on of my GPU miners just 'die' for no reason. Hard drives on the other hand I've had go bad numerous times with the lifetime of a HD being around five years or failing early and getting RMA'd. Most HDs don't have warranties that long unless you buy really expensive ones.
A properly cooled GPU doesn't lose anymore lifetime then a properly cooled CPU when operating 24/7. It's just the fans and particularly one brand of manufacturer had crap fans from the amount of RMAs I had to do on them. Overvolting is something completely different.
The GPU market price is entirely dependent on the saturation (290s and 280s are still saturating eBay for instance from the x-miner craze) and if a new model is released that also depreciates older cards.
As far as scaring away miners. Halving of the value of the coin in the last month probably did that. There is no security. PoC has one coin and if Burst falls through then you basically are stuck with a bunch of hardware you can't use to mine any other coin. GPUs are quite flexible.
May 08, 2015, 07:27:57 PM
Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.
I disagree, if you purchased the drives with warranty, they should be easy to resell. Plus that I think a GPU is more easily damaged by mining than burst would a HDD.
And HDD tend to keep their price for longer than GPUs too.
Now the block reward structure is a different thing. It deflates way too fast, I said this before, the way block reward is going down right now is insane, it scares miners away.
May 08, 2015, 06:48:58 PM
BURST was mentioned in a HYPER article on CNBC.com as part of our PR campaign: http://www.cnbc.com/id/102660930
Thanks for being a part of our crypto gaming network!
it's nice, but no one is going to connect an obscure reference to the word "BURST" to burstcoin here.Thanks for being a part of our crypto gaming network!
"Currently supported cryptocurrencies include HYPER, Coin2, GoldPieces, iCash and BURST."
This is the only BURST cryptocurrency I know of
Most people who know about altcoins will google something like "burst ann bitcointalk" or "burst cryptocurrency"
May 08, 2015, 06:37:16 PM
If i buy some hdd now, my ROI may never happen
For example 3 x 4TB drives mining solo 24/7 for 60 months from now on (cost and electricity only for drives)
Total BURST = 1253000
Calculated for Burst price = 0,00000105 and BTC = 230$
And for Burst price = 0,00000210
For example 3 x 4TB drives mining solo 24/7 for 60 months from now on (cost and electricity only for drives)
Total BURST = 1253000
Calculated for Burst price = 0,00000105 and BTC = 230$
And for Burst price = 0,00000210
Code:
For Price = 0,00000105
|Month|Block |Per Day|Per Month| $ Per|ROI for |ROI with 0,6$ per month
| |Reward| | | Month|11TB(450$)|HDD Electricity Only(12 watts)
1 6634 2073 63044 15,23 -434,77 -435,37
2 6318 1974 60042 14,50 -420,27 -421,47
3 6017 1880 57183 13,81 -406,47 -408,27
4 5731 1791 54460 13,15 -393,31 -395,71
5 5458 1706 51866 12,53 -380,79 -383,79
6 5198 1624 49396 11,93 -368,86 -372,46
7 4950 1547 47044 11,36 -357,50 -361,70
8 4715 1473 44804 10,82 -346,68 -351,48
9 4490 1403 42670 10,30 -336,37 -341,77
10 4276 1336 40639 9,81 -326,56 -332,56
11 4073 1273 38703 9,35 -317,21 -323,81
12 3879 1212 36860 8,90 -308,31 -315,51
13 3694 1154 35105 8,48 -299,83 -307,63
14 3518 1099 33433 8,07 -291,76 -300,16
15 3351 1047 31841 7,69 -284,07 -293,07
16 3191 997 30325 7,32 -276,74 -286,34
17 3039 950 28881 6,97 -269,77 -279,97
18 2894 904 27506 6,64 -263,13 -273,93
19 2757 861 26196 6,33 -256,80 -268,20
20 2625 820 24949 6,03 -250,78 -262,78
21 2500 781 23761 5,74 -245,04 -257,64
22 2381 744 22629 5,46 -239,57 -252,77
23 2268 709 21551 5,20 -234,37 -248,17
24 2160 675 20525 4,96 -229,41 -243,81
25 2057 643 19548 4,72 -224,69 -239,69
26 1959 612 18617 4,50 -220,19 -235,79
27 1866 583 17730 4,28 -215,91 -232,11
28 1777 555 16886 4,08 -211,83 -228,63
29 1692 529 16082 3,88 -207,95 -225,35
30 1612 504 15316 3,70 -204,25 -222,25
31 1535 480 14587 3,52 -200,73 -219,33
32 1462 457 13892 3,35 -197,37 -216,57
33 1392 435 13231 3,20 -194,18 -213,98
34 1326 414 12601 3,04 -191,14 -211,54
35 1263 395 12001 2,90 -188,24 -209,24
36 1203 376 11429 2,76 -185,48 -207,08
37 1145 358 10885 2,63 -182,85 -205,05
38 1091 341 10367 2,50 -180,34 -203,14
39 1039 325 9873 2,38 -177,96 -201,36
40 989 309 9403 2,27 -175,69 -199,69
41 942 294 8955 2,16 -173,53 -198,13
42 897 280 8529 2,06 -171,47 -196,67
43 855 267 8123 1,96 -169,51 -195,31
44 814 254 7736 1,87 -167,64 -194,04
45 775 242 7367 1,78 -165,86 -192,86
46 738 231 7017 1,69 -164,16 -191,76
47 703 220 6682 1,61 -162,55 -190,75
48 670 209 6364 1,54 -161,01 -189,81
49 638 199 6061 1,46 -159,55 -188,95
50 607 190 5773 1,39 -158,16 -188,16
51 579 181 5498 1,33 -156,83 -187,43
52 551 172 5236 1,26 -155,56 -186,76
53 525 164 4987 1,20 -154,36 -186,16
54 500 156 4749 1,15 -153,21 -185,61
55 476 149 4523 1,09 -152,12 -185,12
56 453 142 4308 1,04 -151,08 -184,68
57 432 135 4102 0,99 -150,09 -184,29
58 411 128 3907 0,94 -149,14 -183,94
59 392 122 3721 0,90 -148,25 -183,65
60 373 117 3544 0,86 -147,39 -183,39
For Price = 0,00000210
|Month|Block |Per Day|Per Month| $ Per|ROI for |ROI with 0,6$ per month
| |Reward| | | Month|11TB(450$)|HDD Electricity Only(12 watts)
1 6634 2073 63044 30,45 -419,55 -420,15
2 6318 1974 60042 29,00 -390,55 -391,75
3 6017 1880 57183 27,62 -362,93 -364,73
4 5731 1791 54460 26,30 -336,63 -339,03
5 5458 1706 51866 25,05 -311,58 -314,58
6 5198 1624 49396 23,86 -287,72 -291,32
7 4950 1547 47044 22,72 -264,99 -269,19
8 4715 1473 44804 21,64 -243,35 -248,15
9 4490 1403 42670 20,61 -222,74 -228,14
10 4276 1336 40639 19,63 -203,12 -209,12
11 4073 1273 38703 18,69 -184,42 -191,02
12 3879 1212 36860 17,80 -166,62 -173,82
13 3694 1154 35105 16,96 -149,66 -157,46
14 3518 1099 33433 16,15 -133,51 -141,91
15 3351 1047 31841 15,38 -118,14 -127,14
16 3191 997 30325 14,65 -103,49 -113,09
17 3039 950 28881 13,95 -89,54 -99,74
18 2894 904 27506 13,29 -76,25 -87,05
19 2757 861 26196 12,65 -63,60 -75,00
20 2625 820 24949 12,05 -51,55 -63,55
21 2500 781 23761 11,48 -40,07 -52,67
22 2381 744 22629 10,93 -29,14 -42,34
23 2268 709 21551 10,41 -18,73 -32,53
24 2160 675 20525 9,91 -8,82 -23,22
25 2057 643 19548 9,44 0,62 -14,38
26 1959 612 18617 8,99 9,61 -5,99
27 1866 583 17730 8,56 18,18 1,98
28 1777 555 16886 8,16 26,33 9,53
29 1692 529 16082 7,77 34,10 16,70
30 1612 504 15316 7,40 41,50 23,50
31 1535 480 14587 7,05 48,54 29,94
32 1462 457 13892 6,71 55,25 36,05
33 1392 435 13231 6,39 61,64 41,84
34 1326 414 12601 6,09 67,73 47,33
35 1263 395 12001 5,80 73,53 52,53
36 1203 376 11429 5,52 79,05 57,45
37 1145 358 10885 5,26 84,30 62,10
38 1091 341 10367 5,01 89,31 66,51
39 1039 325 9873 4,77 94,08 70,68
40 989 309 9403 4,54 98,62 74,62
41 942 294 8955 4,33 102,95 78,35
42 897 280 8529 4,12 107,07 81,87
43 855 267 8123 3,92 110,99 85,19
44 814 254 7736 3,74 114,73 88,33
45 775 242 7367 3,56 118,28 91,28
46 738 231 7017 3,39 121,67 94,07
47 703 220 6682 3,23 124,90 96,70
48 670 209 6364 3,07 127,97 99,17
49 638 199 6061 2,93 130,90 101,50
50 607 190 5773 2,79 133,69 103,69
51 579 181 5498 2,66 136,35 105,75
52 551 172 5236 2,53 138,87 107,67
53 525 164 4987 2,41 141,28 109,48
54 500 156 4749 2,29 143,58 111,18
55 476 149 4523 2,18 145,76 112,76
56 453 142 4308 2,08 147,84 114,24
57 432 135 4102 1,98 149,82 115,62
58 411 128 3907 1,89 151,71 116,91
59 392 122 3721 1,80 153,51 118,11
60 373 117 3544 1,71 155,22 119,22
Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.
ROI for anything over four months on anything relating to cryptos is borderline suicide. You can look and see how fast the Burst market changed in two weeks. It's way too volatile for long term investments.
As I mentioned before POC desperately needs a few altcoins, a couple successful ones, not just Burst. The selling point here is the technology, not the coin. It also needs a more streamlined process for using the currency and mining it (the amount of steps you need to go through to mine it is ridiculous).
You didn't take the resale value (which is even more significant if you buy the hard drives used) and the added value of using the hard drives for storage into account. I would think that most people who mine BURST are using spare hard drives that aren't being used for storage. At least, that's what I intend to do anyway.
Yeah... there aren't people with 20TB just laying around, or even 5TB. People who are mining Burst aren't using spare storage. Burst isn't so easy to setup that 'anyone can do it whenever they want with little to no expertise'.
May 08, 2015, 05:51:55 PM
BURST is ready to burst
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
7 BTC @0.00000100
Nobody has been dumping this week.
Put more orders there! or dump ...I'm buying
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