Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 446. (Read 2171057 times)

8pool updated wallet to 1.2.1 !
Enjoy!
 

Although vbcs will have more definitive answers for the questions about the lottery the basic things to note are this:

- the current winner is the holder of the current best ticket (the final winner will be the best ticket when the lottery is due to payout)
- the tickets themselves are random values (that appear only after a certain number of blocks) and the current best ticket is the highest ticket number that has been issued since the last payout
- if you are the holder of the current best ticket then that value will appear highlighted (so you can see you are the current winner)
- total amount to win is basically the balance of the AT at the time of payout (minus a small amount for the fees to process and send the payout)
- the current lottery takes no % or income at all (just miners get some fees for running it)

im glad the fork just got fixed the lottery amasingly its not my major interest do keep news on other technical support for us guys to be able to mine this coin its good profit a year

We've got these questions (slightly edited by my) from Ronald in Taiwan, can you help him get the answers, please:

   

The media attention continues. Our press release got published, slightly modified, in a mainstream UK paper today, The UK News:
 
http://www.theuknews.com/index.php/nav/newsr/5228

A new mainstream media article with an interview is coming in a day or two, btw.

The idea isn't to just dispose of burst, but remove part of it from circulation as it will increase the value of the remaining burst. A 'state run' lottery so to speak is a good way to do this. While returning the burst to the market through the actual lottery winner and through miner fees are good, you have to think about people actually utilizing the burst to purchase things, rather then just trade. Since people really aren't using burst to purchase anything other then other currencies, then something in the economy itself has to serve as the 'purchase' and production value to eat some of the currency.

The ticket size is 2015 burst. The processing fees the Lottery needs to run, every time, averages at 15 bursts approx. These fees goes to the miners. So the actual ticket size is 2000 that is taken into account when AT Lottery makes the payment. If you want to burn a portion it is possible to create an AT that foes nothing, and every amount sent to it is useless. Also cant you just burn burst by sending them to the genesis account? Why to use the Lottery case for that?

Curious, is the lottery 100% payout? Something like that could actually be used to drive up the price of burst, say if it destroyed 10% of the pot each time... That's just one idea, but there are a lot of ways you could use that to increase the value of Burst inherently from inside the coin.

I have a transaction that made 9 hours ago that still not confirmed, I'm on 1.2.1 wallet, what I can do ?

ah ok,
perhaps you sould only ask how much tickets someone wants to buy and dont show the amount in nqt, just the final amount of burst that will be transfered depending of the count of the tickets.

this would be self explaining for the users.

finally i bougt one :-)

The amounts are in NQT so to send 2015 bursts =201500000000 NQT

Have let vbcs know about your difficulty to see if he can make the instructions clearer but if you click Buy Now then you just need to click Okay after that (no need to type in any numbers at all).

i just bought a lottery ticket. hope that i be the lucky one.  

äh i´m a little confused. do i enter in the amount field for the lottery 1 for 1 ticket oder 2015 for 1 ticket?

I just tried with 1 and i send 1 burst. i think thats wrong?!

Can some explain and can someone clear this point in the manuel for the lottery?

Apparently I looked over a couple key posts.

I'm testing out direct write right now, I'll let you guys know how it goes since the optimize failed. Plotting more then one drive at the same time while optimizing is much easier and less time consuming then bunny hopping files across two drives.

It appears as though the wallet is now using like 1GB~ of memory. Is anyone else getting this? Is this normal?

How to become a node?

I followed the NXT instructions, but admin.html seems to be broken!!!

Don't forget to participate in LuckyAT, BURST's decentralized lottery! The price is now 54,465 BURST vbcs explains above how you do to buy a ticket (or two )


As you all know, LuckyAT is an Automated Transaction (AT), the first of it's kind. Our developers managed to beat coins as Ethereum and Counterparty to implement this "Smart Contract". That's why we are getting all the media attention recently, like today's https://www.cryptocoinsnews.com/cryptocurrency-burst-makes-smart-contracts-reality-happened-ethereum/.

But already BURST supports a number of various ATs, one being crowdfunding. So LuckyAT is going to continue to run and find a winner about once a week, automatically, but at the same time we need to get the other ATs started. The PR Team has discussed with the developers (vbcs and CIYAM) about this, and we decided to go for - crowdfunding.


Crowdfunding has become really popular recently, it's basically asking when one asks a group for financial support for something, but the thing is that this has never been done on a blockchain, decentralized and without any "authority". BURST is first again - it's possible to do by code! In the future everyone can download the the BURST client and set up a crowdfunding case. You set up a BURST account, set the rules for it and let people decide if they want to support it by sending coins to the account or not.

That's really awesome, I think, that people will be able to do that, ask for money for writing a book, or for shopping, or traveling to Mars, or to aid the victims of some earthquake in a foreign country. Decentralized

But that's the future, and first we have to launch it and do the first one, so the question is: What should our first crowdfunding case be for? What do you think...?

Of course it's possible to say Ebola, coz it's horrible and people are dying form it, but on the other hand we need something smaller and manageable the first time - and hopefully something that benefits BURST and is meaningful for the community. Like when we started with a simple, but at the same time very real, lottery.
 
Things we talked about as the first crowdfunding case was support for a promo video, or creating a "Dev fund" (since the developers didn't do any pre-mine or IPO, they don't have $15 mill like Ethereum does), or money to a hire a programmer to code a combined plotter and miner with an easy-to-understand GUI to finally end all mining questions...

Since it's the community who's going to have to support the case in the end, it's important to hear what everyone thinks we should do as the first case - so it becomes successful. So enough of me writing to long again - perhaps we'll make a separate thread for this later - but let's begin with to hear what you would support and take it from there.



***edit: also posted at burstforum: https://burstforum.com/index.php?threads/first-luckyat-and-now-crowdfunding-implementing-the-next-at.602/ - use whatever place you want

Your points are valid.

You are welcome to join us over at https://burstforum.com/index.php and make it a better place!

I admit I am guilty of not being active over there as well.

P.S. I hope C wasn't something bad

Is anyone else bothered by the fact that this entire community does almost all of its communication VIA this 1 Thread instead of in a Full forum.  

A:  Information is Hard to find
B: 15 different conversations Burying Newcomer questions
C:  Important information is burryed


Can we start using a forum instead of 1 thread?  
Im registered at Bursttalk forums,  Its sad how long questions sit unanswered in the support threads & how little activity is seen there but instead i have to look through 900+ pages of thread to find information I previously read and now need!


Is there a good reason we refuse to be like every other crypto coin and develop our own community in our own forum?

The jar burstcoin put up is as far as i can tell excatly the same jar that i can produce with the sources put up to github. burstcoin have done nothing wrong whatsoever.

My problem was in my windows compile batch file, i seem to have forgotten to add paths to all source, so for a few files, i was linking older AT stuff with newer AT stuff, and the mix didn't quite work well in all situations as one would expect. the windows javac does not understand /nxt/*/*.java - so i had written all the subdirs under /nxt one by one, but had missed out on the new AT directory so those classes was linked up from what i suppose was slightly older versions in my classes directory.

I am building and testing now, and it seems like i am down to all classes in the jar file being byte for byte the same, except the ones where i have actually made changes, and the changes match up.  And, of course, my wallets work once again.

Have you tried compiling the source code of the original 1.2.1 release burstdev uploaded here and compare the resulted jar with the one included in the release??