Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 352. (Read 2170648 times)

Did HardInvest asset payout recently? I cannot find it in my wallet.

According to their announcement (https://burstforum.com/index.php?threads/the-big-announcement.149/) there should be 0.5% of the pool fee send to the Assetholders. Unfortunately I cannot verify that by myself, since they changed several times the pool name, pool fee account, ...

The only clue I can find at http://burstcoin.eu
There you can see the payouts on each day. So I expect of this amount 0.5% to be shared to the asset holders.

Hey Blago,

I was thinking a "ReadMe.txt" would be helpful to include with your miner.  A simple description of each of the parameters that can be a entered in the miner.conf file.  This would help tons for the bulk of readers, and would probably save you some time in answering questions.  If you'd like to write such a thing, feel free to pm me and I can proof-read and make it easy to understand (though your English is quite good imo).

Add pool:

Label: Burst.Ninja
Type: MPOS
Pool URL: http://burst.ninja/webAPI/cryptoGlance
API Key: [your BURST NUMERIC address - see your plot filename(s) for this!]
userID: anything you like as long as it's not blank


You should see your BURST-____-____-____-_____ address in the pool stats if you got it right!

One plot per drive - one thread per drive.

Using sub-directories will cause multiple threads to be accessing each disk - it's not something you want to do on your day to day pc - but it's the fastest way I've found to process my plots.

H.

Proof of Capacity energy usage compared to Proof of Stake

You still need a computer and hard drive running to power Proof of Stake... but let's say that you do add 50 3TB drives to that computer, you could split your plots up across all of these of hard drives, and the only turn on two hard drives at a time per block.  With POC2.. you'll only need to turn on 1 hard drives, one that stores signatures, one that stores the current scoop being read.

Otherwise, it'd consume 50 * 10 Watts per hard drive.  So this equals 500 Watts = 0.5 kW

1 kW*hr costs 12 cents.  Meaning 0.5 kWhr costs 0.5 * $0.12 = $0.06/hr  

$0.06/hr * 24 hr/day * 365 days/yr = $500 of electricity per year

In my mind, eventually a device that starts switching drives off and on in my mind could be POC's version of an ASIC. This could bring the power usage down to about 12W total since you'd still have 1 hard drive running continually, plus the device would use some tiny amount of power.

Point being, there is definitely financial incentive to create such a device, which would definitely sell to POC mining farms, and once this type of device for connecting these hard drives to the network is being made, I suspect it'll pretty widely used for plugging in a variable number of drives.

Back to how much energy POC uses vs POS, and assume an average computer uses 300 Watts, POC uses 500 extra Watts that means that POC uses 800 Watts.

800 W / 300W = approx 2.7 as much energy as POS.  So it's reasonable.

In other words POC2 uses 270% more energy than Proof of Stake.


Proof of Capacity energy usage compared to Proof of Work

Assume you go with the above assumption that you connect 50  hard drives to the computer, and each hard drive costs $100 each.  That means $5000 worth of hard drives which uses 800 W.  Now let's pick a random Bitcoin miner.  The TerraMiner IV which to err on Bitcoin's side, let's say it costs $1,000 USD (I can find it on Amazon for $750 - http://www.amazon.com/CoinTerra-Terraminer-Iv/dp/B00JK64DXA but the original price was $1,200) and uses 2.1kW .

So $5000 worth of bitcoin miners = $5000 / $1,000 = 5 machines.  
5 machines equals 5* 2.1KW worth of energy = 10.5 kW.

So POW uses 10.5 kW of electricity for an equivalent investment POC uses .8 kW of electricity.


10.5/0.8 KW = 13.13 times

Which means that POW uses 13.13 more energy than POC.

The plus sides and reasons why POC beats POS though that POC is more decentralized, ASIC proof meaning even the little guy can mine, and more secure than POS, etc.  And no history key attack potential plus mining is a great way to get new people into crypto currency.  You can mine POC with no money spent buying coins first..  once we're doing 100s or 1000s of transactions, it'll be profitable for every day people to connect their extra hard drive space to the Burst network and join the network.  Once they have free coins, they are more likely to be long term adopters.

And if you need proof regarding the last point that getting miners to join the network will be easier.. go look at Burst's estimated network size:
http://burstcoin.eu/charts/estimated-network-size

It's barely profitable to mine because people are willing to contribute hard drive space toward earning 'free' coins.. meaning this will be a great way to get people interested in Proof of Capacity currencies in the future because they are ASIC proof.

Would like some feedback then I'll go post this over in that thread.

That will cause simultaneous disk access if I'm not mistaken, which will grind the disk to a hault. Also I only have one big plot per drive.

I meant the one at http://www.burstcoin.info/download/ is broken

Sure, you can have as much files as you want.

Not sure...
http://178.62.39.204:8125/burst?requestType=getBlocks&lastIndex=1
not responding

use "InfoAddr" : "burst.ninja", "InfoPort": 8125,
or "InfoAddr" : "localhost", "InfoPort": 8125,

I think u meant blockchain....lol

Seems to work now, thank you!


I hope I can add some larger files later without having to delete the first one and rebuild?

i think info addr should be a ip adress or a dns name?!

also i fixed the plot calc on burstcoin.de ....

For information, I just added a new bootstrap (13 march) at http://www.burstcoin.fr in download section.

direct link : https://mega.co.nz/#!2JkGgbqQ!oALg9Zz7ivKCSjbgZbKgm1TLMN_ihsZh7JTXrBQDXMo

The one on burstcoin.info is broken

Well, I would really like to take everything into account in the calculation and assume that the coin had a worlwide-widespread acceptance with millions (billions) of transactions. Of course you would have to count the energy for plotting an the slightly increased processor usage on millions of machines into account, too. Anyway, I would like it if we would do this dicussion in my aforementioned thread https://bitcointalk.org/index.php?topic=982957.20 .

{
   "Mode" : "poolV2",

   "Server" : "178.62.39.204",
   "Port": 8121,

   "UpdaterAddr" : "178.62.39.204",
   "UpdaterPort": 8121,

   "InfoAddr" : "Dev v2 Pool",
   "InfoPort": 8125,

   "EnableProxy": true,
   "ProxyPort": 8126,

   "Paths":["C:\\ZZZ Burstcoin Mining\\plots\\"],
   "CacheSize" : 200000,

   "ShowMsg" : false,
   "ShowUpdates" : false,

   "UseSorting" : false,
   "Debug": false,

   "SendBestOnly": false,
   "TargetDeadline": 600000,

   "UseFastRcv" : false,
   "SendInterval": 200,
   "UpdateInterval": 2000,

   "UseLog" : true,
   "UseCleanMem" : true,
   "ShowWinner" : true,
   "SkipBadPlots" : true

}

Please post your miner.conf

And a new question, for mining (please let me know if I should read/ask elsewhere):

I set up a harddisk space of 10 GB (although I used the values for 100 GB from the tutorial on http://burstcoin.de/ and the calculator in "plotrechner.xlsx" I only got 1/10 of the expected filesize, maybe it's a mistake there in the excel sheet?).

Anyway, I set the conf file to poolmining (poolV2), and I am currently running it, but I get an error message, repeatedly:

"getaddrinfo failed with error: 11001"

What does it mean?

Thanks

A simple way to put burst mining, is that it is just storing your bitcoin hash rate for hours and hours until ur HDD is full (this is called "plotting"), and then reusing all of that hash rate every 4 minutes(all you have to do is read it and submit it to the network).

The great thing about this is, a $120 investment will get you 4tb....and only be drawing 5-10 watts(CPU adds to this, but nvm that now). This is a few $ / year in power. Now, with BTC, a similar investment would result in an asic which may draw a few hundred dollars in power(don't quote this asic bit, i'm way out of touch with that world since burst). The result of this is, as price drops, BTC miners are forced to turn their miners off, but Burst miners can continue, all that will happen is that roi will get further away. This means that there less danger off the network shrinking and being 51% ed.

Also, with Burst, due to the fact that you first have to plot, it is very hard to just bring a load of power online, it'll take you a while to plot it all, with btc, plugin the asic and ur on your way.

Now if you do consider the fact that CPU's are required for mining, then you would have to add a few watts per HDD.....at least you do if you set up a dedicated mining rig...or a farm.....but not if you are merely mining with ur free space. Those who are just mining with their main computer, well, the comp is o anyway, 0 extra power is used. That's really, really decentralized.

A different question:

Would some of you Burst-people mind to explain in my thread, how energy-saving your technology proof of capacity (POC) mining is? I would like someone to compare it to POS and POW:

"Which is the most environmentally friendly, energy-efficient altcoin?":
https://bitcointalksearch.org/topic/which-is-the-most-environmentally-friendly-energy-efficient-altcoin-982957

For good estimation, we would need a good calculation, of course, and for proof we would need some measurements and extrapolation...

But maybe we could get an idea.

Thank you.

One thread is created per location you're mining - so if you have one drive - one thread. You can however break the plot up into sub-directories, and then one thread will be used per directory. So in stead of "f:\\", create f:\plot1, f:\plot2 ... and in the miner.conf use "f:\\plot1","f:\\plot2",.....

H.