Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 542. (Read 2171056 times)

Thanks

Thanks, that's an interesting theory I thought of something along those lines, but didn't think rented vps' would be economically feasible but I didn't check prizes.

If rented space would be the explanation, we are looking at something similar to what happened to monero this summer with amazon (AWS). Great story worth reading btw: http://da-data.blogspot.se/2014/08/minting-money-with-monero-and-cpu.html

Stop with the (hacking) nonsense. Nothing has been hacked.

6 petabytes, 8 petabytes, or even 10-15 petabytes aren't that much. Even a simple miner with a decent sized NAS and a few desktop computers can have 100TB. Or someone on a computer-heavy small company in charge of 15 servers can have it. We also know that koko is selling mining power of 80TBs each.

I'm pretty certain there are a bunch of miners like that, who together have a few PBs. In this thread, we even had a guy with 400TBs. In addition to that we have hundreds of miners with +10TBs.

Considering that, the network has been small as far as I'm concerned.


What has happened now is very simple: A few major data centers have begun to use previously unused space to mine Burst. 5-10PBs aren't much for guys like that.


However, the development is, still, worrying in my opinion.

Firstly, we have a risk of an 51% attack, with forks and a fucked up blockchain. The intention of bringing on several PBs could very well be malicious, to mess with the coin and even launch a clone to replace Burst.

Secondly, even if they only have good intentions, like simply making money, that could also be troublesome. With many PBs, they surely are making of lot of coins. That also gives them a lot of power. So far we haven't seen any increased sells on the exchanges, but that can simply be because they haven't been active very long and are accumulating. If they start dumping, one 4BTC buy wall on Polo is nothing. If they are only a few actors, they can control the market very well and we'll go to pump-and-dump hell.


What we can hope for is that the increased network isn't because of a single actor. Lets hope they are five, ten or 25 who heard about the possibility of making money with their servers. That would decrease the risks above significantly.

The only thing we can do is following the development.

An even bigger increase in network size could actually be a good thing if we now more or less are dealing with a single actor; if more big actors join, we will make less coins but the power would be more differentiated. Another positive thing is that many millions already been mined and the decreasing block award will make it harder to accumulate for all.

15-30TB indeed does not make much sense for rigs built exclusively for burstcoin, however the numbers do add up for VPS providers. Top of the line 12+ core CPUs (commonly used in the field where density is super important) can plot at 100Mbyte/s, which will finish plotting that capacity in ~1-3 days.

If this is indeed the case, our disruptive friend uses at least 100 of those. Servers can be added or repurposed very quickly, but is otherwise super unprofitable compared to dedicated rigs built for long-term mining. Economically, we get the picture of cloud provider using surplus server capacity (or more likely, their slightly unethical employee :).


Very crudely, just like dev (clicking in wallet). Then also ad-hoc querying the API. I will publish some tools once I get more time for this (and the network settles for a bit, so extrapolating statistics will make more sense).

jap should bei 140tb from the biggest, compared to my 60tb.....

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)

i think simply some people finished plotting their farms.

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 

i think simply some people finished plotting their farms.
if you know how to plot and if you have the compute resources you drive down the whole io performance of your storage to write the plots to a minimum.
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.
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 thats what people seem to have done.
there is no magic, huge money nor any kind of energy intense mining involved.
a simple invest of almost 30k $ was enough to double the diff.

can you tell us how to do this kind of query?

 

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.

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?

Diff from 9000 go to 13000 in several hours. I dont believe that everything is clean. I'm beginning to think that someone hacked  the network or someone could make the GPU miner. And the price does not grow, the one who came up with the big powers are satisfied and this price.

And if everything continues in the same way, the popularity of the coin will only fall, people either shut down mining, or will other similar coin and they will go there.

you can easy resale you hds as you can easy resale your gpus. I minded Litecoin over a year and quit as the scrypt asics arrived. i sold all my hardware that i had used for over a year with 30% loss at ebay. But i gained 1000% profit from mining and price increase from litecoin.

so i made a lot of profit.....

Pretty sure the difficulty jump is from GPU miners jumping ship as GPU mining is currently sinking right now due to power costs being more then what you make. That's one of the reasons I'm leery of Burst as well though. If this sinks, you're stuck with a bunch of HDs with almost no resale value.

Or you can use my fork of burstcoin - I made simple address generator - see vanitygen.sh
https://github.com/faustroland/burstcoin (currently I am requesting merge into official one)

It asks you for password and then it starts searching addresses for passX (where X is integer)

sure, you can script almost everything.
if you want dedicated named addresses like BURST-JACK-FSQD-2PEF-2HMZ7 with almost secure passwords you can use this sort of this shellscript:

while [ true ];
do
        secret=`openssl rand -base64 45`
        result=`curl --silent 'http://127.0.0.1:8125/burst' -H 'Origin: http://127.0.0.1:8125' -H 'Accept-Encoding: gzip,deflate' -H 'Accept-Language: en-US,en;q=0.8,de;q=0.6' -H 'Content-Type: application/x-www-form-urlencoded; charset=UTF-8' -H 'Accept: */*' -H 'Referer: http://127.0.0.1:8125/test?requestTag=ACCOUNTS' -H 'X-Requested-With: XMLHttpRequest' -H 'Connection: keep-alive' --data "requestType=getAccountId&secretPhrase=$secret" --compressed|awk -F':' '{print $4}'|awk -F',' '{print $1}'|awk -F'"' '{print $2}'|awk -F'-' '{print $2}'`
echo "address start: $result $secret"
        if [[ $result == *JACK* ]]
        then
                echo "result is $result with secret: $secret"
                touch ./$secret
                break
        fi
done

i still have a issue with curl. if the random privatekey contains a + curl truncates or converts them somehow so that you cannot use them with the wallet ui.
beside this it shows you can fund accounts and assign the reward receipient and do withdrawals utilizing curl and shellscript.

I want to add that throughout this growth, it still has been very possible to make earnings. My income rates haven't dropped that much (approximately ~20%), and one my two major accounts I've found blocks every day.

Having said that, we can of course see a much bigger growth in the future, making it really hard to compete. However, you will always be able to make some coins through the pool.

Also, in the future we might see more services like www.cryptomining.farm/mining.html, but much more professional, looking similar to www.ZenMiner.com or www.LTCgear.com.

Mining Burst will always be possible.

I've sent you some coins. When you receive it, you have to send some coins somewhere to secure the account.


***Edit: http://faucet.burstcoin.info was empty, I sent 1000 coins. Feel free to donate some so new miners can get started.

Yes. Plot files plotted to v1 pool id can only be used at v1 pool. Plots plotted to an id you own can be used for solo or any v2 pool(mine, urays, crowetics, kokos, etc). v1 pool was only ever intended to be a temporary solution to have pooled mining before the way of doing v2 was finished.

This means that it is better to regenerate plots and go to other pools? Plots from v1 are not suitable for v2?