Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 286. (Read 2170895 times)

Quote from: bitladen on April 24, 2015, 10:29:52 PM

Quote from: mczarnek on April 24, 2015, 09:21:47 PM

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume. Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

It will last under 100 for quite some time, its just another pump n dump coin sadly =(

Can you expand on this a bit? Why PnD? Abd why sadly?

How do you come to your conclusion given the novelty of the coin and still very active Devs delivering new features before other coins in the same genre?

To me it seems you just want a low price to get buy opportunities.

Naw, its just this coin is going the way of all other alts, gradual downtrend into nothing where anyone gives a shit about it anymore. I love this coin and the mining uniqueness, but its sad that its not catching on at all and hence thats when it becomes a pump n dump.

This coin is still pretty young. And ppl are not throwing money at every new alt coin anymore. The coins have to prove themselfes first, and that's whats currently happening with BURST. Active devs, a nice, energy friendly way to mine etc. I'm pretty sure BURST will have a bright future.

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: mmmaybe on May 01, 2015, 05:27:28 PM

Quote from: bitladen on April 24, 2015, 10:29:52 PM

Quote from: mczarnek on April 24, 2015, 09:21:47 PM

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume. Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

It will last under 100 for quite some time, its just another pump n dump coin sadly =(

Can you expand on this a bit? Why PnD? Abd why sadly?

How do you come to your conclusion given the novelty of the coin and still very active Devs delivering new features before other coins in the same genre?

To me it seems you just want a low price to get buy opportunities.

Naw, its just this coin is going the way of all other alts, gradual downtrend into nothing where anyone gives a shit about it anymore. I love this coin and the mining uniqueness, but its sad that its not catching on at all and hence thats when it becomes a pump n dump.

mmmaybe

sr. member

Activity: 462

Merit: 250

Quote from: bitladen on April 24, 2015, 10:29:52 PM

Quote from: mczarnek on April 24, 2015, 09:21:47 PM

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume. Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

It will last under 100 for quite some time, its just another pump n dump coin sadly =(

Can you expand on this a bit? Why PnD? Abd why sadly?

How do you come to your conclusion given the novelty of the coin and still very active Devs delivering new features before other coins in the same genre?

To me it seems you just want a low price to get buy opportunities.

mmmaybe

sr. member

Activity: 462

Merit: 250

Quote from: crowetic on May 01, 2015, 10:40:47 AM

Quote from: mczarnek on May 01, 2015, 08:53:57 AM

Quote from: Elmit on May 01, 2015, 08:29:56 AM

Tim Draper (& Co) seems not to read Twitter or this thread. Maybe we should change the strategy of the PR team:

http://www.coindesk.com/hedgy-1-2-million-smart-contract-bitcoin-derivatives/

Well I sort of feel like we are waiting to hammer out the details of POC2 before we can really talk to venture capitalists. Maybe that isn't needed.

But it probably would be a good idea to start approaching them.. maybe we can try to talk to the same ones that funded Hedgy and tell them we've already got smart contracts working

For once Elmit actually contributes something useful. Grats.

Well, we have discussed it for several months, but as usual we have had too much to do to really act.

Rule 1. Never give credit to Elmit before a triple-check.

I'd hate to have to unignore his posts Wink

mczarnek

hero member

Activity: 527

Merit: 503

Warning, I would not want to be holding on to namecoin currently: http://cointelegraph.com/news/114129/why-namecoin-didnt-take-off-a-cautionary-tale

Also, potentially some good lessons for us to learn as well. In my opinion we need to figure out a good POC algorithm that is truly ASIC proof, which I'm convinced is possible. Then after that we need to work on being as user friendly as possible and solving users problems.

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: bitladen on April 24, 2015, 10:29:52 PM

Quote from: mczarnek on April 24, 2015, 09:21:47 PM

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume. Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

It will last under 100 for quite some time, its just another pump n dump coin sadly =(

Idk.. Not for long, inflation and volume is just so low for now. I still believe I this coin though.

Also, University of Pittsburgh is interested in providing is with interns top help us code. Could everyone contact your local university and ask for the same? I my opinion that is Bush's biggest weakness. We have one programmer, who is an amazing programmer but there is only so much one person can do and we really need a few more people developing the coin.

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: callmejack on May 01, 2015, 12:40:49 PM

Quote from: mczarnek on May 01, 2015, 12:08:32 PM

Hmm.. I was thinking about how to convince POC and POC 2 to come up with an attack against the bitshaving.

And realized that POC actually can be bitshaved too. You only store every other hash in the hash chain.

I may have another idea in mind for POC 2 though. One that means you don't even have to plot your harddrive in the first place.

this bitshaving is more expensive than simply storing the data somewhere.
if you shave one byte of 64 in each scoop of a nonce you have to check 256 options insstead of one during mining.
even if you find a better deadline than the original scoop would yield the network wont accept this solution.
so to do a 0,64% shaving you burn much more energy.
compared to rig costs this means if you run a 164 hdd rig you save one disk Roll Eyes

another way to take statistical advantages would be to only store a reduced number of scoops to optimize your deadlines for the ones you have them stored for.
i have not looked into this in detail but the statistical idea is instead of mining with 100tb the whole day to mine on 3.6 blocks with a compareable storage of 1pb.
the tricky parts becomes disk io and at current diff levels this does not make sense. but maybe in some years.

I think this is true of POC2 which is basically POW. But as it stands.. It's currently better to only store partial plots for current algo. Say you store every other scoop, then if you are supposed to be pulling out of the bucket you have, you pull it from there. If you are planning to pull it out of a scoop that doesn't exist, then you pull it out of the previous one and hash it once to generate it.

But what if you just used the users hard drive in the current state, and they submitteded the merkle root for the drive (which would take time to calculate too) then when mining you required that they submit a specific branch of that merkle tree as proof it was their turn to mine?

callmejack

sr. member

Activity: 256

Merit: 250

Quote from: mczarnek on May 01, 2015, 12:08:32 PM

Hmm.. I was thinking about how to convince POC and POC 2 to come up with an attack against the bitshaving.

And realized that POC actually can be bitshaved too. You only store every other hash in the hash chain.

I may have another idea in mind for POC 2 though. One that means you don't even have to plot your harddrive in the first place.

this bitshaving is more expensive than simply storing the data somewhere.
if you shave one byte of 64 in each scoop of a nonce you have to check 256 options insstead of one during mining.
even if you find a better deadline than the original scoop would yield the network wont accept this solution.
so to do a 0,64% shaving you burn much more energy.
compared to rig costs this means if you run a 164 hdd rig you save one disk Roll Eyes

another way to take statistical advantages would be to only store a reduced number of scoops to optimize your deadlines for the ones you have them stored for.
i have not looked into this in detail but the statistical idea is instead of mining with 100tb the whole day to mine on 3.6 blocks with a compareable storage of 1pb.
the tricky parts becomes disk io and at current diff levels this does not make sense. but maybe in some years.

mczarnek

hero member

Activity: 527

Merit: 503

Hmm.. I was thinking about how to convince POC and POC 2 to come up with an attack against the bitshaving.

And realized that POC actually can be bitshaved too. You only store every other hash in the hash chain.

I may have another idea in mind for POC 2 though. One that means you don't even have to plot your harddrive in the first place.

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: bitladen on April 24, 2015, 10:29:52 PM

Quote from: mczarnek on April 24, 2015, 09:21:47 PM

In my opinion.. short term, low prices are good, we need to attract more developers and entrepreneur types and let miners who are mining for short term profit go ahead and dump.. the more business and development minded people we get on board at these prices, the better long term.

I partially agree. Short term low prices are good, but as long as there is volume. Haven't had any decent volume in ages. If people sell, but not make buy orders, it's not gonna happen. But I see the order book has increased slightly during this week

Please let the price fall down to 100 satoshi. At 100 satoshi i will place a 10 BTC buywall (and more BTC incoming if necessary).

today is the day. let's see how long we can buy BURST for under 100 satoshi

It will last under 100 for quite some time, its just another pump n dump coin sadly =(

ltcnim

legendary

Activity: 914

Merit: 1001