Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 543. (Read 2171056 times)

The v1 pool has found very few blocks recently. The payments you received match up  exactly with when the pool found blocks. The hashrate of that pool has been decreasing over time, is currently operating at a loss, and is only still running so miners on it aren't forced to replot. The surge in difficulty over the past few days is mainly solo mining, so all pools are getting fewer blocks than they were no long ago.

Thats my BURST-TC3L-MT96-MV6G-BMRA3.  In last two days i see in stats, that i found many shares, but i receive too small coins. calculator shows that I had to get several times more coins. Or its pool now too small and found blok very rarely? Yestarday "1670.21153350 BURST or 0.002 BTC or 0.71 USD"  its too small for 20TB

And i want to say, that its diff nothing good. I see that on exchange somebody only sell coins, too small buyers.

It would seem that it should be the opposite, coins are mined too difficult to sell them at such a course, is not profitable. So someone gets these coins too easy and profitable for him to sell and such a course.

Can you describe better what you think is wrong with my v1 pool? I saw your first post saying it wasn't paying out, and I checked on it and it has been sending payments. I checked up on it again when I saw this message, and I'm still not seeing any indication that something is wrong.

It's very, very strange. Diff falls, how to understand this? And what problems with pool v1?!!!!!!!!!! Dev its your pool, WTF?

Hello,  

Im trying to setup for a Mining Pool,  Im having 3 Problems

Problem #1
{"errorCode":5,"errorDescription":"Unknown account"}  
From what i read i need 1 Burstcoin to Join can someone Kindly Help me out with a burst Coin to Wallet
BURST-BMFQ-H26K-4YW2-G3ZFD  Or   16552946861088230838
I also Read that i will need to Provide
2a3a6aa0d54915b6505bdeab5c8fd0da6f3f597c1a9ac2997c1ba2a89f8b2056
( both faucets are not working for me)

Problem # 2
When Plotting I read that i set my the amount of ram used,  generally max is best. Except Nothing other then 1000 Will Plot for me?  

C:\Windows\SysWOW64\java -Xmx1000m -cp pocminer.jar;lib/*;lib/akka/*;lib/jetty/* pocminer.POCMiner generate Mynumberhere 0 4000000 1000 4




Problem 3

ASICs seem incredibly unlikely considering the lack of market depth alone should be more than enough to deter anyone in investing in developing one for this. The rate that net hashrate surged upwards is particularly interesting however, considering how long plotting can take, which suggests that they either have significant computational resources to plot that quickly, and possibly might not be done yet either as plotting speed could still be holding them back, or they are trying to mine pow style(fpgas?), since even if it is less efficient it still might be profitable for them.

Long-term this shouldn't result in btc's situation, as mining with unused storage space in computers being utilized for other purposes is effectively free, however we're far from the point where small efficiency differences matter that much, so the short-term situation is unclear.

There is actually a mining service for burst @ http://cryptomining.farm/mining.html

 

This can be very good news or very bad news. Depending on who is controlling those account , what method they use to mine and what they intend to do.

The sudden network increase look as if "ASIC" was plug online for the first time. Like people use to mine bitcoin with GPU and the very first ASIC came online, difficulty went all the way up and never look back.

Are we in similar situation ? The first difficulty increase is only the beginning. Soon all miner will be phase out and those big miner take over the network. If so , any suggestion on what we can do about it ?

Really interesting! Do the accounts stop mining after finding one or two blocks??

This seems to go along with what I've noticed just looking at the recent block list in the wallet. It seems there are a large number of blocks found recently by accounts that have no transactions and have only found 1-2 blocks.

Is there any possibility to automate the generating of sets BURST ADDRESS <-> PASSWORD <-> POOLv1 ID?

What is the faucet error? If it doesn't work post your address here, we can send you some Burst. Do an outgoing transaction afterwards to secure yourself. IIRC you are mineable until you make an outgoing transaction.


You can start mining while you are plotting, just dont expect amazing payouts
Also with current diff, 2tb is too small for solo mining.

I presume you are using the java plotter. If so, it might not be stuck - just very slow. I suggest using a different plotter.

http://burstcoin.eu/downloads here are some useful tools.

Also check out crowetic guide https://docs.google.com/document/d/1Bc1LIG0vOYYW6FxgBHhQGjKqm0aWoSClkqaNJx17wWk/edit?pli=1
it is a windows guide but it explains stuff really well

Thanks, that make sense, even if I believed each wallet/server/computer would have more capacity than that.

Can you please expand on how you did the analysis?

Did a cursory analysis. Some of the new wallets seem to solo mine with comparably high hash rate (15-30TB at least, as some have interval between blocks a day or two), spotted about a dozen - for example recent one - http://burstcoin.eu/address/14335543884474859574 . My working theory its a big miner op, with separate wallet per each server.

most datacenters have much higher free capacities than the current diff increase shows.
i know people who setup 45 disk jbods at home to mine burst and others asked me two month ago how much they can expect from each pb they add at work. the diff raised quite fast from .5 pb to 5pb over 3pb and settled much too long around 6 pb.
while bitcoin shows a negative diff for the next change estimate burst increased really much.
i personally think people got tired of catching up with the newest asic generation every 6 month before their previous invest shows a roi and therefore they try out what they think shows a huge profit perspective.
in fact there are no real options on the open market to rent mining gears for burst cause datacenters built their server for reliability.
there exists no offer to rent consumer grade equipment for "consumer" prices.
this means you have to invest in hardware or buy burst directly.
for the long term burst economy it is much better to invest into mining rigs instead of buying the coins on the exchanges directly.
only if the mining costs become high the price follows. the current price has been stable since the diff reached 6pb. therefore it is logical to follow the new diff level soon. each pb fresh storage costs roughly 100000$ in hardware. this is currently about 10% of  the network size.
in other words burst price should be around 800 satoshi. maybe this is why trading burst in volumes of above 1m a day on exchanges is almost impossible.
there are about 100m deposited on exchanges and roughly less than 1% of that got traded during the last 24h.
i dont think it is because nobody wants to buy. i think it is because people dont want to sell.
since i followed burst prices it has always been tough to buy volumes anywhere without pumping the price over 100% where it was before.
since the diff has increases for the first time after a while i expect the price to follow soon.

Am happy that this coin is eventual taking off and more are getting evolved. No clones of this coin have been made yet so its a nice new coin to have that stands out from the crowd of other cryptos theat burn energy as where this burn next to nothing other than filling space up on hard drives and plotting and mining away.

Yes.

On the other hand, a smart big actor doesn't want to have one huge wallet where the transactions can be pinpointed ("x sent y million to polo now!"). I do think Burst has gotten more users and that contributes to the network size, but also that one or several big actors are creating new wallets not to draw attention to a single wallet getting really huge/traceable.

It's just a guess - is it possible to do some closer analysis of wallets created the last week/ten days? For instance that a certain amount of newly created accounts contains approximately equal amounts of coins?

What do know is that we haven't seen is any big dump yet. Time will tell, I guess, but it's an interesting development atm.

Too soon to give a reliable answer but I'll opt for the easier: Burst is getting known and mined by some new people.
Anyway, in these cases is better to hold 100% of mined coins and wait to get a better idea of what is happening. Increase in difficulty and number of miners needs to be coupled with an increase in the value of the coin or, at least, stability.

It could mean that the huge increase of network size is due to many users joining which is much more preferable than due to one giant data center.

good question...

but i do not have the answer..

newbie here :-)