Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 368. (Read 2170648 times)

So the new thing with AT assets is to fund other miners?

Just a FYI, these assets are simply being used to increase hashing power on the network, which of course decreases your income if you're currently mining, and since the price is essentially being held by people holding rather then selling, the price will drop.

It'd be different if you guys were playing a different market besides Burst. Playing the market is the same as shitting where you sleep. Do it some where else. People generally want Burst to rise and that's best for Burst, eating any amount of rise out of the market doesn't help it, it just helps the downtrend of dumps.

You know, something like Burst Long Term Price Support before that fell apart...

competition is good for business and risk diversification is highly recommend

-[ANNOUNCEMENT]- First Burstcoin.de Asset
New Asset with 2% Intrest a Month / 24% a Interest a Year / Highly Secure

Asset Name – BdeBank
Total number available – 500.000
Price –  50 Burst
Asset Number (ID)– 4053085726300717216
First payout is the first of April!

2% interest montly! This asset pays out 2% interest monthly.  One B.deBank  Asset = 50 Burst. 2% of 50 Burst = 1 Burst / month payout.

URL: http://www.burstcoin.de/assets/asset_b.debank.pdf

Guaranteed monthly payout! Every first day of the month i will payout all interest of the assets. Regardless how long you are owner oft them. Also if you bought the assets one day before the first.

Save Investment! The interests are covered and backed by my mining system. If all shares are sold, i have to pay 500.000 Burst interest a month. My Miners make average 25.000 Burst per day, whats in a month 750.000 Burst. So the payment of interest is secured forever. Also i am actually bring up more miners, also, look above, this is covert with my burst account with 8.4 Million Burstcoins atm.

Instant Cashout without loss! Also you can cashout anytime. I will buy back the assets from you. Therfore i will place a buy order for every sold asset with a price of 50 Burst. The price what i pay for the payback will decrease 1% every month.  Buywall will be created instantly after the first sales and adapted every first day of the month.

Burstcoin.de is the name oft the german website of burst , with mining guides, best practises, how tos, a manual for beginners, example hardwares from my miners, scripts for tracking the mining tasks, news over burst, etc. and information for the german community is actually daily added.

Bobafett is my username in Bitcointalk.org and burstforum.com.  I´m mining and investing in Burst qfilsince the beginning. I invested over 8500 Euros since now in Burst (bought with btc) and mining hardware. Until now i never sold any of my coins because i really belive this coin has a bright future.

Bobafett is the owner oft the account BURST-AJ63-3W8L-FGBT-2ALZE and now holding over 8.4 Million Burst and is now Top 11 of all Burst holders .

Bobafett is  mining with over 120TB every day and my next miner is acutally plotting. My daily minded income of burst are between 20.000 and 30.000 Burst.

Crow said in another post that he will maintain a buy wall to buy back the asset at the original price. If you don't think the asset is performing the way you'd like, sell it back to him at any time.

H.

How is this "any time" cashout solved? How can i cash out, if i bought the assets?

ByteBank sounds very interesting.. I fear that Burst is going to start going up too quickly for you to cover that sooner or later though

This is indeed a huge and great update 

We will NEVER ponzi out, if we feel things are headed that way, we will place a higher buy wall, and people can get out and we'll end the asset or change it.

IF, and ONLY IF we can't get the 2%/month we are looking for(in the day trading worl that is a very reasonable number) we will decrease the interest. We will always allow anyone to sell for 5k Burst, there will be a by order maintained at the price.

Even if 50mill is invested, and we don't get the 1mill per month needed to cover interest, we can cover it for at least a few months ourselves(Byte Ent would cover it, funded by us if things go drastically wrong immediately), but that would not be preferable. I guarantee there will never be any ponzi in this. In fact, we actually really want to increase interest, just we'll take it easy to start with.

We will provide proof every month that we still have the dough to cover every share's 5k Burst.

I'm cringing at Asset #2  - ByteBank
I've seen too much over the years to smell a ponzi-like setup.  You can never guarantee positive returns with no exposure to losses.  This asset may have all good intentions but the setup is questionable.  it will inevitably become a monster feeding itself: ponzi.
I cringe at this asset.

next asset is closer to reality.

someone please explain to me how I'm wrong about this at first glance?

Hey guys, been on this for a while, and now it's ready for realease with ByteEnt!!!

It's a blockexplorer, not on the fastest hosting atm, so not at 100% speed(but still quick). It's main features are:

- Asset explorer (even has candle stick charts)
- Currency change // Change the currency you see prices in(as well as burst of course).
- Accounts page messages and asset transactions listed clearly
- Search for accounts based on a part of their RS ID or part/all of thier account's name.
- API // Not much here yet....just these 2 calls:

returns

The c only appears if [&c=[3 digit currency code]] is set. No matter what currency u pick, it will always do a c to point to it. The available currencies can be seen on the blockex itself nder settings.
Second api call is chart data.
eg, if i did https://block.burstcoin.info/api/?request=chart&as=18266087415257944078
Will return

Anyway, hopefully api helps in making quick sites. All api data is updated every 3 minutes.

Upcoming features, ordered from soonest to non soonest

- Improved api
- More charts on home page
- More speed and visual tweaks
- Improved block and transactions pages
- DGS integrated into Accounts, and dedicated DGS pages
- Game to earn Burst
- Easy exchange, send BTC to an address and burst is purchased at the lowest exchange prices
- Integrated web wallet, allowing you to place buy orders with BTC.
- Trading bot - Allowing anyone to build a bot to trade, no coding, but with your own strategy
- Payment processor (like blockchain.info's one, and then in the future when burst has stable market cap like BitPay)
- DGS reviews
- Troll box

-[ANNOUNCEMENT]- ByteEnterprises Team Asset Release Announcement!
– new asset and changes to old ones, also information on new pools and fees, and all the projects we have in the works for the BURST community!


The new website! - http://byte.enterprises

Part 1 –
The Open Community Offering (provide supporting contributions and get paid out based on them!)  
 
ByteEnterprises is the name given to the team of people that brought you http://burst.ninja  pool, with completely new pool code , as well as two older assets that were partially f’d up by LTCgear being “hacked” and/or being a Ponzi. This is one of the main reasons we have decided to go public, and fix our assets. (ByteEnterprises is just a name given to a team of dedicated BURSTers, it is not an actual company, and therefore this is not an actual public offering, simply an offering for the BURST community to support in the team and their projects.)

ByteEnterprises will be offering their asset called ByteEnt, this asset will be the whole of the team. It will be income from mining, the pool fees from both pools (minus operating costs), as well as other additions yet to be fully decided upon. There will be solid payouts from the asset, and it will be a long-term asset that should last a very long time. There will also be two other assets released at this time (information below.)

ByteEnterprises is a team that is DEDICATED to BURST, and will not quit. We have been here since the beginning of this wonderful coin, and we plan on sticking it out until the bitter end! Actually, we’d rather not see a bitter end, but rather the sweet success of a great coin!

ByteEnterprises values its supporters, and appreciates anyone who decides to place their hard-earned coin with us, with the confidence in the team that will prove a smart decision when supporters realize the potential within.

ByteEnterprises will continually be developing new tools and modifying the way the asset works, and will be selling asset in chunks to avoid too many large buyers getting a controlling stake in the team too early. Also, we will be keeping the majority for support of projects and the asset itself, benefitting the team, asset, and the coin itself. (Your supporting contribution is compounding. )

ByteEnterprises is for the betterment of BURST and the BURST community, as we believe wholeheartedly that BURST is the best crypto currency, period. We will be doing everything in our power to make the BTC community at large, understand this and come to believe it as well.
 
 





Part 2 – The assets

Asset #1 ByteEnt
 
Asset Name – ByteEnt
Total number available – 1,000,000 (10,000 equals 1% of the Team’s Projects)
Initial release amount – 6.7% (67 000 ByteEnt)
HardInvest transfer: 3.3%
Next Release Scheduled for – (to be decided)
Initial Release Price – 15 BURST (price will go up on next release, you get a bonus for joining early!)
Asset Number (ID)– 1800253871016293364
 
Asset Description – The asset ByteEnt will be an overall accumulation of the entire pool fee from both ByteEnterprises’ owned pools (minus operating costs. Hosting.) As well as mining power both in the forms of hard drives mining burst, and also possibly some ASIC power as well. Seeing as ASIC miners are not really making that much right now, we have yet to decide if we will include ASIC mining in this asset. But the asset will be backed with mining power. Initially, we will only release 10% of the asset, the rest of the asset payout will be going back into the team for future development (see current development projects below.)
The Rollover from HardInvest (one of the first assets we released, before giving ourselves the name ByteEnterprises.) – This asset has not been paying out for a while because we have been planning moving it into the new asset we’re releasing now. However, there has still been a miner running on the HardInvest account (although there were issues, and it may not have mined as much as it should due to some downtime, unavoidable.) Because of this, we have decided to give the people who put BURST into HardInvest, shares of ByteEnt. This will provide income once again from the asset, and it will make sure that the people who were awesome enough to provide support to us at the very beginning, start getting more out of their supporting contributions. The way it will work is this… There are 10 ByteEnt in 1 HardInvest, and seeing as HardInvest was 100 burst initially, this means early supporters are getting ByteEnt for 10 BURST as opposed to 15, a great deal for people who get in early! The HardInvest asset will be doing a payout BEFORE switching over to ByteEnt.
 
Asset #2  - ByteBank

Asset Name – ByteBank
Total number available – 100 000
Price –  5 000 Burst
Asset Number (ID)– 15398588224704032134

ByteBank is about as smart as it gets in crypto. This asset pays out 2% monthly. You can cash out at any time, so unlike cloud mining, you can earn without ay risk!! The 2% earnings are backed by day trading, and it is safe, because if we make a loss, we cover it!! Any earnings over 2% go to ByteEnterprises, and any less gets covered by Byte Enterprises
This asset pays out dividends monthly. There is no minimum holding. 1 Byte Bank = 5k Burst. 2% of 5 000 = 100 Burst / month payout..


Asset #3  - ByteFund

Asset Name – ByteFund
Total number available – 100 000
Intitial Price – 0.1 BTC (this will be changed in one week, based on fund worth after that one week)
Asset Number (ID) – 12264101129258427064

Much like Byte Bank, Byte Fund is backed by day trading. The only difference is, instead of offering 2% monthly, we offer 75% of daytrading profits. If we make 10% that month, you get an extra 7.5%, instead of just 2%. However, if we make a loss, the loss is yours too. It's just a higher risk, higher rewards version of Byte Bank. The other 25% goes to Byte Enterprises.
This asset does not pay out dividends, rather we maintain buy and sell orders reflecting the value of the assets. We will try to update this price daily.


Part 3 –
The ByteGear asset… and its possible demise because of the possible failing of LTCgear.com
 
As everyone may or may not know, LTCgear, a cloud mining site that offered the best ROI out of any cloud site… had a lot of assets based around it, both in NXT and BURST… As you also may or may not be aware, LTCgear has not been paying out in over a month, for which they claim a hack, scrambled database, and fake shares now in the system, as the problem. They are still posting nothing but stupid ETA updates on their site, and not really giving any REAL information. They SAY that they’re upgrading and fixing things, but in all honesty, I’ve given up on them, as well as my VERY LARGE investment I had into them in both BURST, and BTC. Both directly and indirectly, I had purchased quite a bit from LTCgear.
I realize now that it was a stupid idea in the first place, whether the company was legit or not, to have that many ‘eggs in one basket’, and I have vowed to never do that sort of thing again.
Now, what is going to happen with our ByteGear asset, which used to be based on mining power from LTCgear, is kinda up in the air right now. On one hand, we’re still holding out a tiny tiny thread of hope that LTCgear will come back into operation. IF that happens, and that’s a BIG IF… we could return the asset to normal functionality… but even if LTCgear DOES come back, I suggest putting your contributions into multiple assets. Having too much based on one company doing one thing without any real solid proof, is never a good idea, regardless of however many people have ROI’d already from it, bought cars, houses, etc.
Our plan is this… We will wait out LTCgear for a while longer, whilst at the same time accruing physical mining hardware (from the team, however NOT with burst until we feel there is enough volume on the coin as such that the sell orders will not hurt it. ) and continue to build both BURST and BTC farms. Once it’s realized one way or the other, that LTCgear will or will not come back, we can make the final decision on what to do…
One suggestion is to back a newly named and newly created asset with some ASIC (physically in hand) hardware, or something close, and start back up with weekly payouts. However, like I mentioned before, almost all ASICs right now are not going to ROI unless BTC starts coming back up in value. This is only because the power bill must be paid in USD. So it’s difficult to decide on whether to use ASIC hardware or not…
Another idea could be to roll ByteGear into ByteEnt as well, and just give ByteEnt more mining power. I think at this point I favor this idea, because it will benefit both asset holders, and limit the number of assets we have, therefore making the minimal assets provide more. I am open to suggestion here. Feel free to comment.
 
 
Part 4 –
The Projects of ByteEnterprises!
 
In the past, ByteEnterprises was one of the first to start a BURST pool and asset. We had a lot of issues at the beginning, causing us to lose the pool for a while. We had back to back issues and it was a struggle in the beginning. We then made management changes, put some new people into the scenario, and pulled out of our low point.
Now, we’re doing GREAT! We own one of the largest pools (burst.ga) as well as a BRAND NEW pool code, and pool that was fully written from the ground up by a developer on our team named catbref. catbref is an amazing developer who is currently working on the pool, a miner, and a few other projects for ByteEnterprises, he’s a Linux developer and he’s incredible. He, along with multiple other developers, work for ByteEnterprises, and help us to make our team into the strongest in the community!
Current Project List…

1. Completely new pool code built from the ground up at http://burst.ninja
 
2. Block Explorer (currently in development by Irontiga, has a crap ton of awesome features that no other block explorer has, and will be ready for public use very soon!) The site can be seen at https://block.burstcoin.info (but it is still in development, so don’t get all hyphy.)
 
3. Online Wallet (part of the block explorer, and will allow you to buy Burst assets for th best price with BTC!!)
 
4. Online Cloud system (also part of block explorer, which will end up on domain http://burst.city ) This will be a while in implementation due to BURST and BTC price
 
5. Miner (currently in development, will not release other information yet.)
 
6. TWO large BURST farms that will eventually be turned into a large BURST cloud project, once the prices are at a level where the cloud project would be mutually beneficial. Until that time, the farms will be mining for the asset, the developers (including ones not related to ByteEnterprises, such as the boss burstdev!) and myself (since I am building the farms with my own money, and not using any cash from the team. If down the line, we decide we would like to use money from the team to further these projects, we will dedicate more power to the team account.)
 
A. The farm1 will be a farm built in the city, it will be monitored by an IP surveillance camera that members of the cloud mining project will be able to watch, so they can see their mining taking place, this is something that no other cloud company does. There will also be many pictures to prove the hardware, as well as mining addresses made public, and given nicknames that are easy to see in the new pool’s awesome alias reading and posting system. The members and non members alike will be able to see how much is being mined by the farm addresses.

B. The second farm is the big one, this farm is going to take longer in development, but it will come out as something that I’m thinking I’m going to try to get sponsored by Western Digital, or another Hard Disk manufacturer, as it is a project that they should take interest in. The farm will be FULLY OFF GRID, AND FULLY GREEN. It will be powered by a fully custom built Hydro-Electric power station (that we already have, and I will post pictures of.) and run in the middle of nowhere at an undisclosed location. The power setup and building necessary is already there, I just need to get an internet connection and a few other things squared away (such as how much total power needed VS how much total power output by the two separate Hydro-Electric power stations. This farm should be fully green and almost all profit seeing as the power is free. I am very excited about this project, and will be posting announcements with details, pictures, and project’s steps. I will also be posting donation addresses so that anyone who would like to help with the initial costs, that would be greatly appreciated, and whoever would like to give assistance can do so.

**note - second farm is now under decision whether to do it or not. Will announce decision when made.**

7.
  MUCH MUCH MORE to come! We have only touched the surface of what ByteEnterprises is going to do, and what we are capable of. We’re very excited, and very dedicated to this project and its success!
 
Thank you all for taking the time to read this, and we look forward to the future of both ByteEnterprises and BURSTcoin, the most amazing crypto currency in existence! Hopefully you see that ByteEnterprises is nothing but a fully legitimate, transparent team with nothing but the best of intentions. We will NEVER deliberately do anything that will affect the coin negatively. We are wholeheartedly devoted to BURST and its bright future, and I for one am more than willing to take temporary losses in order to see the overall success of the coin. Even though I hope losses shouldn’t be necessary, of course.
 
The future is here, the future Is now, the future is BURST!

The more people jump on, the harder it gets to mine, and the better the chance of people holding their coins. As we see, people are dumping far below value, as they don't have roi in mind, it's just easy money. This is just about the best thing we could wish for. It makes it really, really hard to justify a Burst mining farm, which in turn makes it really hard to become one of the big players on the network and be profitable, which makes it very decentralized.

Quite simply, BTC can only be mined by ASIC. As we see now, Burst can *only* be mined by spare HDD space. How much better can it get?

Yeah unforunately its the other way around, hence why its just another pump n dump coin. More people are jumping on the bandwagon of mining it and just flooding the exchange, hence the price will keep going down. Its final price is much lower, like all alts.

exactly. BURST is nowhere near it's final price. Anything around this price is a steal.



Also, ByteEnterprises has been delaying our announcement because we wanted everything to be closer to final before release. But we believe everyone will be interested in our Asset announcement that will be coming very soon.

Making it a good time to buy... better to buy when nobody else is buying and sell when they are buying

Maybe you have a really awesome pool or something like dev pool? It may look like the issue isn't happening, but it definitely is for me and I've posted photos of the stalls already. Try mining solo or on Urays and you should run into it, I know it happens under those conditions.

Something also worth noting, the closer you are to 0 mine time, the less prominent this issue will be as it has less of a impact as the time spent in limbo between the fast block and the new block will be closer to 0. It's really easy to see this happening if you have like a 2 minute mine time. It will freeze on the fastblock, but continue to mine it for the full duration even though the wallet will show the blocks done.

Update and News: www.burstcoin.de
New Feature German Plotting Guide now available.
------
Help me to keep up the page and enhance the information for the german community. 220k to go in the Crowfund. Please do some donations!!!!

1. Took the data from my log file.
2. I have received data from blokchain.
3. Subtract the time between the change of the blocks in the miner and blokchain

97 blocks:  block 73036, 03.03.2015 18:59:29 GMT  <-->  block 73154 04.03.2015 01:40:51 GMT) 

"UpdateInterval": 2000, so permissible deviation +-2 seconds

X - #block
Y - time, seconds
RED - blockchain have new block, miner have old block
GREEN - miner have new block, but blockchain have old block  (fork)

As much as u would get from the pool the last wee while, you'd have a chance of finding a block. Pool hopping is 100% pointless. The network doesn't care about 24hour periods

not really. pools will pay for deadlines below their threshold.  my example applies to specific day, the lucky ones. I think it's possible to increase mining returns this way.  this isn't that much different than pool hoping in the early days of bitcoin mining, until pools adjusted their reward algorithms, which isn't the case with existing burst pools, at least not yet.