I suspect difficulty increase is simply because that new mining farm finished plotting their drives.. they probably plotted their drives to mine for them, then are re-plotting when someone rents out hard drive space. Considering they need to be prepared for multiple people to rent 80+TB, then need to have a bunch of drives reserved.
Also, I suspect it correlates with the last bubble.. some people decided to rush in and buy, others decided to plot their hard drives, which took a couple of weeks.
Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 540. (Read 2171056 times)
December 02, 2014, 03:12:48 PM
December 02, 2014, 03:00:26 PM
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....
so i think he has a long term strategy, if he has one.
clones will bring BURST price to one digit.. also I know supernet is looking for coins and there will be consolidation, almost sure right now someone is coding POC and + tech as we speak, it will be fierce next year..
that entity , the idiot, with the the, has no idea how flexible market is I hope he did not unload 1000's of dollars for nothing, pain is coming
burst wont settle anywhere below the current price unless btc raises 10 times till christmas.
the more big players start to mine the faster burst becomes one of the top coins.
the whole thing is not about the distribution a coin has. it is more about how people yield profits out of a coin.
if someone plays pump and dump with 10 percent of all coins there are people who profit and people who loose.
this is how things work.
nevertheless if today someone is able to forge 140 blocks a day and the network grows fast enough it will be only 70 blocks in four weeks and much more less in relation to the total supply
strongly disagree, I will bet you 3 BTC coin will end up in 2 digits range in January also clones will kick in all this talk is so because you might have 1 and > million BURST.. be careful
I am stopping to post right now.. and yield others.. but not great things have happened in the last week... see you at some later time
December 02, 2014, 02:56:45 PM
if something is hacked, it would be bad. but i dont think so.
a fews pages before people compain about that the diff is not rising and the intrest in the coin is not increasing.
now we have growing number of accounts, rising diff.... so what is better?
a fews pages before people compain about that the diff is not rising and the intrest in the coin is not increasing.
now we have growing number of accounts, rising diff.... so what is better?
This growth is unnatural. Someone is trying to capture a very large network, the number of people increased by 1-2, and the network has doubled.
diff fluctuation --> if you know how to plot and if you have the compute resources to do so you drive down the whole io performance of your storage to a minimum to write the plots.
with only a few few compute nodes i maintained a constant write rate above 80 mb/s on the rigs over network using the java plotter days back.
network growth --> the diff is increasing during the last seven days. in this time you can plot about 50 tb at this rate.
summed up this means there are only about 100 new mining rigs involved.
if you can add 10 6tb hdds to an old gpu rig it is what people seem to have done.
there is no magic, huge money nor any kind of energy intense mining involved.
costs --> a simple invest of almost 30k $ was enough to double the diff today.
if more people invest in mining rigs the diff stabilizes more and more
List of block producers of the last 3000 blocks
http://pastebin.com/iPu6xEn8
BURST-M78H-JUVQ-VKJG-3H3HL mined 61 blocks which is ~120-140TB (according to my plots size and mined blocks in this period)
Hi Faust...
how do you get this data???
what is the query to do?
December 02, 2014, 02:52:50 PM
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....
so i think he has a long term strategy, if he has one.
clones will bring BURST price to one digit.. also I know supernet is looking for coins and there will be consolidation, almost sure right now someone is coding POC and + tech as we speak, it will be fierce next year..
that entity , the idiot, with the the, has no idea how flexible market is I hope he did not unload 1000's of dollars for nothing, pain is coming
burst wont settle anywhere below the current price unless btc raises 10 times till christmas.
the more big players start to mine the faster burst becomes one of the top coins.
the whole thing is not about the distribution a coin has. it is more about how people yield profits out of a coin.
if someone plays pump and dump with 10 percent of all coins there are people who profit and people who loose.
this is how things work.
nevertheless if today someone is able to forge 140 blocks a day and the network grows fast enough it will be only 70 blocks in four weeks and much more less in relation to the total supply
December 02, 2014, 02:42:11 PM
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....
so i think he has a long term strategy, if he has one.
clones will bring BURST price to one digit.. also I know supernet is looking for coins and there will be consolidation, almost sure right now someone is coding POC and + tech as we speak, it will be fierce next year..
that entity , the idiot, with the the, has no idea how flexible market is I hope he did not unload 1000's of dollars for nothing, pain is coming
Man, you're boring. IMHO he's smarter than you think, the price is still low and should go higher prolly in next 2 months (after promo).
Yup, armageddon will bring BURST price to one digit too, so run away!
Yet another whining kid.
December 02, 2014, 02:39:54 PM
December 02, 2014, 02:39:16 PM
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....
so i think he has a long term strategy, if he has one.
Yeah, could very well be so.
December 02, 2014, 02:38:02 PM
Does anyone have any profits estimation per TB?
December 02, 2014, 02:37:38 PM
one word to the industrial miner idiot, BURST is now 0.00000111 BTC and falling possibly to 2 digits
the idiot because smart he ain't turned off his cluster and r-enabled it again, he is now mining almost half the network also he will be trading with himself as well
the idiot should be aware that proper distribution spread amongst users (potenially who will conduct commerce in the future) is crucial to the success or no one will touch this crypto, go ahead spend your money and kill the coin
the idiot because smart he ain't turned off his cluster and r-enabled it again, he is now mining almost half the network also he will be trading with himself as well
the idiot should be aware that proper distribution spread amongst users (potenially who will conduct commerce in the future) is crucial to the success or no one will touch this crypto, go ahead spend your money and kill the coin
Let's see what happens before we call them idiots.
Perhaps they really believe in the project but realize that the price would skyrocket it they were to take a large position by simply buying 30BTC worth of burst in a month. Maybe it's not an astronomically sums to people to do this if they got rich on BTC years ago. Take rpietila's investment and work for monero as an example.
Also remember that we already have whales holding on to their bursts.
December 02, 2014, 02:34:43 PM
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....
so i think he has a long term strategy, if he has one.
clones will bring BURST price to one digit.. also I know supernet is looking for coins and there will be consolidation, almost sure right now someone is coding POC and + tech as we speak, it will be fierce next year..
that entity , the idiot, with the the, has no idea how flexible market is I hope he did not unload 1000's of dollars for nothing, pain is coming
December 02, 2014, 02:30:17 PM
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....
so i think he has a long term strategy, if he has one.
December 02, 2014, 02:19:00 PM
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
A half a dozen of whales can crash the price down to 1 sat atm, looks like we'll have soon a new kid on the block. As for the profitability - rented VPS would be probably bad news - it means they have enough capital to start pumping the market for a final dump and let the P&D carousel seen in other pumpcoins spin out of control in their favour. So I'm actually a bit relieved the market is in standstill now.
There are more cheerful explanations. Some of you may know I've been shopping for investor to realize what dev has been promising in rudimental fashion - actual storage "powered" by BURST (in reallity, gaining edge over competition thanks to mining BURST). So here's the plan - start a classic cloud-dropbox, service which would also mine BURST. You dedicate X TB for clients, but they dont usually use it all, basically rent the promise they can start using it anytime they want. Then, one just deletes plots to make up free space as necessary.
It may be possible someone beat me to it, but there's a catch - there's not been announcement of that service.
PS: I'm still looking for investors, I'd like to do it in fiat (signed agreements, shared incorporated ltd etc), DEX asset would be supplemental at best, currently there is not enough market depth to raise capital for anything worthwhile.
I can almost guarantee you standstill, also watch price even right now plummet like really fast (I am rarely wrong) I feel its too early for your proposal as I sense clones coming to the market next year.. idiot doing what he is doing right now will experience negative cash flow
wanted and discussed with few possibility of BURST being included in the supernet... that would be big.. but this idiot is causing havoc, if I would not any better based on the market price he is trying to take BURST out of the picture in the preparation for a clone now if that is the case I am changing word idiot to sophisticated but unethical
idiot has added more storage drives Today also, rest of you might as well stop mining
December 02, 2014, 02:14:04 PM
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
A half a dozen of whales can crash the price down to 1 sat atm, looks like we'll have soon a new kid on the block. As for the profitability - rented VPS would be probably bad news - it means they have enough capital to start pumping the market for a final dump and let the P&D carousel seen in other pumpcoins spin out of control in their favour. So I'm actually a bit relieved the market is in standstill now.
There are more cheerful explanations. Some of you may know I've been shopping for investor to realize what dev has been promising in rudimental fashion - actual storage "powered" by BURST (in reallity, gaining edge over competition thanks to mining BURST). So here's the plan - start a classic cloud-dropbox, service which would also mine BURST. You dedicate X TB for clients, but they dont usually use it all, basically rent the promise they can start using it anytime they want. Then, one just deletes plots to make up free space as necessary.
It may be possible someone beat me to it, but there's a catch - there's not been announcement of that service.
PS: I'm still looking for investors, I'd like to do it in fiat (signed agreements, shared incorporated ltd etc), DEX asset would be supplemental at best, currently there is not enough market depth to raise capital for anything worthwhile.
December 02, 2014, 01:53:09 PM
one word to the industrial miner idiot, BURST is now 0.00000111 BTC and falling possibly to 2 digits
the idiot because smart he ain't turned off his cluster and r-enabled it again, he is now mining almost half the network also he will be trading with himself as well
the idiot should be aware that proper distribution spread amongst users (potenially who will conduct commerce in the future) is crucial to the success or no one will touch this crypto, go ahead spend your money and kill the coin
the idiot because smart he ain't turned off his cluster and r-enabled it again, he is now mining almost half the network also he will be trading with himself as well
the idiot should be aware that proper distribution spread amongst users (potenially who will conduct commerce in the future) is crucial to the success or no one will touch this crypto, go ahead spend your money and kill the coin
December 02, 2014, 01:47:48 PM
Here is my calculation:
Total blocks in the last 24 hours: 350
Blocks found by these new solo miners in the last 24 hours: 123 (35,14%)
Total blocks in the last 48 hours: 708
Blocks found by these new solo miners in the last 48 hours: 259 (36,58%)
Total blocks in the last 72 hours: 1069
Blocks found by these new solo miners in the last 72 hours: 354 (33,16%)
These numbers are equal with the diff increase in the last few days (approx. 35% - 40%).
Thanks for your contribution, just great
Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.
Please correct me if I'm wrong.
But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.
Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?
December 02, 2014, 01:34:40 PM
Anyone have any basic burst price stats? Also does difficulty go up or down in this coin like the others?
December 02, 2014, 01:28:36 PM
Super News!
I'm back from my vacation (if you want to invest, contact me, I'm fully operative now), but I didn't use all the time to relax, I also made a big reinvestment for the BLTPS Project.
Directly from the BLTPS Cloud Mining Journal:
In the main thread, you'll find all the proofs, details and links to the transactions as usual.
Let me anticipate that I'm pretty sure I can hasten the first Burst payout to all our investors, such that it'll happen in December instead of mid January ... more details in 2 or 3 days
Burst Long Term Price Support project
(BLTPS)
Investment Status
Share value: 0.01 BTC - Sold Shares: 410 - Next goal: 650405 250
Booked Shares (waiting for payment): 60
Hashrate supporting Burst: 647 MH/s (LTC)
I'm back from my vacation (if you want to invest, contact me, I'm fully operative now), but I didn't use all the time to relax, I also made a big reinvestment for the BLTPS Project.
Directly from the BLTPS Cloud Mining Journal:
Quote from: BLTPS Cloud Mining Journal
BLTPS Project has bought another 1970 qASIC for 1.02 BTC (~60% Discount!!!) exploiting Cyber Monday offers from LTCGear and, again, with the help of AizenSou.
The payment has been a little troublesome as fully detailed here, but everything ended well
We are now kicking with 6470 qASIC (647 MHs). Pretty nice!
The payment has been a little troublesome as fully detailed here, but everything ended well
We are now kicking with 6470 qASIC (647 MHs). Pretty nice!
In the main thread, you'll find all the proofs, details and links to the transactions as usual.
Let me anticipate that I'm pretty sure I can hasten the first Burst payout to all our investors, such that it'll happen in December instead of mid January ... more details in 2 or 3 days
Burst Long Term Price Support project
(BLTPS)
Investment Status
Share value: 0.01 BTC - Sold Shares: 410 - Next goal: 650
Booked Shares (waiting for payment): 60
Hashrate supporting Burst: 647 MH/s (LTC)
December 02, 2014, 01:12:14 PM
wondering if someone can help me out. I'm using poc miner plotter the old one I used to be able to do staggers of about 8000 with 8gb ram and all worked well iv installed more ram and updated java to java 8 newest one and now it only does staggers of 1000 maximum. iv also tried wplotgenerator that just instantly fails and gpu plotting iv heard is no good but when I try with the newest vers I get the unknown writer error. I am now totally lost what to do as I have 24gb of ram I want to use to make uber staggers.
pm me if you want to keep the thread clean although sound advice is best on view.
pm me if you want to keep the thread clean although sound advice is best on view.
December 02, 2014, 01:10:47 PM
ayyy.. but of course not human beings but could be one or a syndicate and 100's of accounts... back to square one.. selling at such a low price.. could be accumulating and holding.. also this requires ultra logistics and discipline and work to plot all these drives ... I mean clone is also possible... under diff account (same nounces) .. anyways.. still A LOT of work ... thanks again for your research...
rolling out a autonomous cluster of plotter and miner instances is much simpler than managing several rigs for one account.
the most complex part is to keep the wallet private keys secure
in my experience from the early days i had the impression that you get unproportional more blocks the more percent of the network you provide.
there were days where adding another 10 tb to hundred resulted in mining 20 instead of 12 blocks a day.
there may have been luck involved but i monitored this several times.
December 02, 2014, 12:28:34 PM
All Top 10 adresses are mining since 3 weeks.... so they are new to burst, but they mining to long to explain the diff increase of 4pb since a week.......
Yes but there are more then 300-400 new accounts that all started solo mining in the last few days. The age of these new accounts is between some days and a few hours.
New accounts from 26th nov - 2nd dec: 801
New accounts from 19th nov - 25th nov: 262
This are more then 500 new accounts as usual in the same time frame. Most of these accounts started solo mining and this explain the diff increase of 4pb.
just awesome, thank you for this research! I care much much less now for network diff increase, this is great for BURST market
so these accounts turned on over the long weekend , in a short time delta.. then turned off.. these drives can not be reused for something else.. interesting.. veeery interesting
+1
That's almost conclusive evidence: Someone or a group have access to a huge amount of VPS's (or a few huge servers) and plotting 30-50TBs for each new account and lets them solo-mine.
Awesome research!
They most either have substantial costs for this (speculating) or they somehow have free or almost free access to unused space somewhere. As said, it's interesting that they aren't selling...
Can you do a rough estimate on how many coins they can have accumulated so far?
ayyy.. but of course not human beings but could be one or a syndicate and 100's of accounts... back to square one.. selling at such a low price.. could be accumulating and holding.. also this requires ultra logistics and discipline and work to plot all these drives ... I mean clone is also possible... under diff account (same nounces) .. anyways.. still A LOT of work ... thanks again for your research...
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