I am adding 13TB to my mining capacity sometime this week or next week, awaiting some supplies to make that happen. Lost track of how much i am mining, but it is well over 40TB, probbably not 50TB though, but close. Waiting for windows 10 to be able to run virtualbox host, then i'll probably go buy 20TB more. One of my worries is how much power i can safely drain from just two wall-plugs...
Burst blocks will, while it is still being mined, no matter the starting point in time, be yielding a lot less over the next year than it is at the start of the period, so you really need prices to go up in the short run for it to pay the mining cost, at least until transaction fees start becoming a large part of the payout. It seems like a harddrive right now pays back itself inside 7-8 months, ex power, ex working time, and ex. expenses on the computer the drive is connected to. After 7-8 months you get the drive for free, if you sell the burst for whatever you used to buy the drive with. Looking at things this way, 6 of my 10 4TB drives have now paid for themselves, and are pure profit for me... however i have decided not to sell any burst and away price appreciation.
Good news reg. harddisk robustness when mining. I have been at it since september, and not one of my drives have gone bad. I have 5 * seagate the cheapest 4TB usb 3.0 drive, and 5 * intenso the cheapest 4TB usb 3.0 drive, and 3 older usb drives (1TB and below) and perhaps 5 or so internal drives at 1Tb to 3TB. not one of them have gone bad in the half year they've been on 24/7 and mining all the time... so.. seems like burst does not stress the disks to fail fast, not old disks, not new disks... at least not the appprox 20 disk drives i've been mining with.
price wise, i think BURST will only really start to rise when we have mined more of the coins, i'd guess when we're about halfway through, then BURST will start becoming scarce and the coin will at the same time have matured technologically. The combination of tighter supply and growing demand will do a "peak oil" kind of scenario where the price will be pushed up quite a lot. Lower output from mining will mean more coins hitting circulation, and higher demand for a more well known and respected coin, will mean more demand. The fact that burst has held its price with the current pretty large inflation is a very good sign going forward, as we know for sure that the inflation will forever be smaller and smaller.
My bold prediction for 2015 is that we will go up the coinmarketcap rankings and end up just below NXT. This is possible, and in a way, fair. it is somewhat up from current levels, even if you factor in the final amount of burst in existence.
Burst blocks will, while it is still being mined, no matter the starting point in time, be yielding a lot less over the next year than it is at the start of the period, so you really need prices to go up in the short run for it to pay the mining cost, at least until transaction fees start becoming a large part of the payout. It seems like a harddrive right now pays back itself inside 7-8 months, ex power, ex working time, and ex. expenses on the computer the drive is connected to. After 7-8 months you get the drive for free, if you sell the burst for whatever you used to buy the drive with. Looking at things this way, 6 of my 10 4TB drives have now paid for themselves, and are pure profit for me... however i have decided not to sell any burst and away price appreciation.
Good news reg. harddisk robustness when mining. I have been at it since september, and not one of my drives have gone bad. I have 5 * seagate the cheapest 4TB usb 3.0 drive, and 5 * intenso the cheapest 4TB usb 3.0 drive, and 3 older usb drives (1TB and below) and perhaps 5 or so internal drives at 1Tb to 3TB. not one of them have gone bad in the half year they've been on 24/7 and mining all the time... so.. seems like burst does not stress the disks to fail fast, not old disks, not new disks... at least not the appprox 20 disk drives i've been mining with.
price wise, i think BURST will only really start to rise when we have mined more of the coins, i'd guess when we're about halfway through, then BURST will start becoming scarce and the coin will at the same time have matured technologically. The combination of tighter supply and growing demand will do a "peak oil" kind of scenario where the price will be pushed up quite a lot. Lower output from mining will mean more coins hitting circulation, and higher demand for a more well known and respected coin, will mean more demand. The fact that burst has held its price with the current pretty large inflation is a very good sign going forward, as we know for sure that the inflation will forever be smaller and smaller.
My bold prediction for 2015 is that we will go up the coinmarketcap rankings and end up just below NXT. This is possible, and in a way, fair. it is somewhat up from current levels, even if you factor in the final amount of burst in existence.
I had 3,000+ watt running off 1 240volt socket and had no problems so you got a fair way to go before using that up with hard drives and if you using sata 3 over powered usb hubs depends on how much wattage each hdd is using if their external and has own power and connected by usb maybe able to get an extinction that does 8 plugs into one as I have one that has 8 sockets into 1 mains plug with circuit brake on each connector if it over volts or shorts it cuts that socket out.
Have 2 of these
And 1 of these
Looks like going to be grabbing some 5TB units units as price just come down on them dramatic so going to see if can get a bulk deal on them and then see what they retail of 2nd hand cos am going to end up having like 100TB if no more at this rate if I go all at Burst and that going to be an insane amount of space to have left over when mining gets too hard.
