Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 475. (Read 2170648 times)

because there is too less information about this asset and the complete business plan.

at the moment you throw money in a black hole hoping some money comes in future out.

thats the same if i say: i can create a asset for my new ferrari and i tell you i will drive people for money with my car and if i get the money from them, i will refund you. so who wants to give me some burst? pleaser PN!  

why not?

solar power asic miners + profit from extra power sold

ONE user (koko) started this asset. The Dev already wrote, that he is not involeved in this asset.

So everything is fine!

PS: I also think this solar asset is not a good idea.

solar scam...explain please?

solar is the first asset not related to burst mining...

Thank you for the response.
I keep forgetting that this coin is still very young, so essentially these block time swings are growing pains and as the network strengthens things should smooth out.

Keep up the good work BurstCoin

It is most likely due to higher variance since the total amount of nonces being checked is lower.

If we were to assume 15PB network hashrate, each nonce takes up 256KB of storage, that's about 60 billion nonces checked per block, or divided out 250 million nonces per second. For btc even gpus can mine faster than 250 million nonces per second(250MH/s). Since the network hashrate is orders of magnitude higher for btc, it should have less variance.

perhaps this is the last and best time to buy burst cheap.

if the btc pricedrop comes to an end and the market look at an alternative coin thats cheap to mine without such power costs, burst will come to the focus.

I see nothing but opportunity for the 'little guy' for bitcoin. It will bottom and then buy buy buy. Never buy on the way down - ie don't try to catch a falling dagger. Watch it close and then start buying on the upswing. Also, big mining farms will not be able to take heavy losses so will shut down. The hobbyist or small farmer will be able to suffer a minor loss and mine the btc at a slightly lower difficulty and hope for future rewards. This is a good time to be in crypto. Weak hands will be tossed to the curb!

Bitcoin tank hard. Buying burst is the ONLY way to take full advantage of low btc price. Buying HDD now and mine its a very stupid idea because ROI its gonna be very very long.

While there certainly is a scalability issue, it won't get fixed just by raising that amount. A 4x increase on that number wouldn't be a bad starting point since nxt has that same per block limit at a 1 minute/block rate instead of 4, but regardless of what it is set to raising the limit only postpones the problem, and the real issue is that full network consensus is required for every transaction. Spamming every transaction to everyone will won't allow for high enough transaction rates for heavy usage over long-term.

solar thing is koko acting alone.

Looking the cex.io blog due the suspension of their could mining services, I found this:

https://i.imgur.com/GTdERv1.png

I dont´t know who is cryptov2, but thanks.

what is error code 6 when setting the reward recipient?

Just a general thought and question.

The time to solve a block appears to fluctuate a lot during the short term, I know that the majority of the blocks are close to the 4min time but it looks like the difficulty algorithm over or under compensates for the large fluctuations within the network.

We can easily see 5PB fluctuations during one day and I would guess an equally impressive number during each hour. More established coins like Bitcoin and Litecoin have a much more predictable and stable block generation time. With Burst I am seeing fluctuations in time such as:

BLOCK - mm:ss
54485 - 5:42
54484 - 0:19
54483 - 3:36
54482 0:02
54481 - 3:02
54480 - 7:05
54478 - 10:00
54477 - 0:33

Within an 8 block period of time a customer would have to wait between 19 seconds to 10 minutes for their first confirmation. When I look at the Litecoin network, their block generation time has fluctuated about 70 seconds max for the last month. (https://bitcoinwisdom.com/litecoin/difficulty) The grey line on the middle chart.

When BURST matures will this variance in block time rewards be an issue?  Possibly causing confidence concerns?  If a customer/merchant are expecting to see one confirmation within ~4min but it doesn't happen for 15min+ this could be an issue.  I've seen 15min+ blocks regularly.

Could the large swings in network capacity and almost cyclical nature of these swings be some very large solo miners taking advantage of this difficulty behavior?  Online Large amounts of plots to increase solo chances,  offline them for few blocks so the difficulty will drop and then online them again? (No idea on this, just trying to figure out why the network capacity fluctuates so much).

Just some thoughts and questions from a noob.

but bitcoin having a slow death

Burst holding up, hopefully we can see 200 sat

If it's loose, put some glue on it.

Thx to xizmax!   Will give updates about mining... or asking again maybe first.  

no problems mate, mczarnek is just pulling your leg a bit. The phrase used in cryptoworld for government money is "fiat"

Also, glad to see that trust score changed mczarnek

no. my english is not good. Im saying government money. Of course cryptocurrencies are real money, that's why im in to it.

You saying cryptocurrencies, like Bitcoin, aren't real money?