[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 562.

KeyShare

newbie

Activity: 33

Merit: 0

You'r right yellowduck2. I think at the moment there is so many bursts around us and when the price rises up in the next time, too much people will dump it causing an inevitable deflation.
In my opinion, someone have to destroy part of the monetary base of burst. This just to contain deflation after inflation, sorry for the pun.
At moment the market cap, according to CoinGecko.com stats, is around ฿385 that at the actual average price (121 sat) is about 318.181.818,2 burst in circulation.
This number is so small than DOGE ones, and too big than BTC ones. So let's think about a huge inflation for burst in the next months.
Suppose that burst price rise about to 4000 sat, how many people will continue to hold them?
Deflation could be reality.

My reasoning is a bit catastrophic I know, but not so obvious.
We need to do something about it, don't we?

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: vipervince2002 on November 20, 2014, 11:34:05 PM

Quote from: mczarnek on November 20, 2014, 10:47:39 PM

How would would estimate the amount of energy used by the burst network vs Bitcoin?

I guess the biggest question is, what percentage of the time do hard drives need to be online to be used to mine?

There are a lot of assumptions in these numbers, but it should still give a rough estimate.

Bitcoin network electrical consumption:
Assumption: The average Bitcoin miner has the efficiency of an Antminer S4 of 0.69 Watts/(GH/s).

In reality, this assumption is very generous because the efficiency for most ASICs will be worse than one of the most power efficient available.
Total Bitcoin hashrate as of 11/20/14 at 11:20pm: 284,772,770 GH/s

Total electricity consumption (at a minimum): 0.69 W/(GH/s) * (284,772,770 GH/s) = 196,493,211.3 Watts = 196,493 kilowatts

BURST network electrical consumption:
Assumption: The average hard drive on the BURST network is 1 TB.

According to http://www.buildcomputers.net/power-consumption-of-pc-components.html, the average hard drive consumes 10 W. Most hard drives on the network are probably 2 TB or larger, but assuming 1 TB is a worst cast scenario (two 1 TB hard drives use 20 W vs one 2 TB hard drive uses 10 W).

Assumption: BURST network is at its highest difficulty and largest size at 9000 TB.

10 W/drive * 9000 drives = 90,000 W = 90 kilowatts

90 / 196,493 = 0.045% of Bitcoin's electricity at current levels

EDIT: 10 W is the most that a hard drive typically uses. Idling uses about half as much power or less.

Started reading this a little bit more closely.. I would like a comparison that is similar network sizes.. so let's say we grew to be Bitcoin sized and just as much money was placed into buying hard drives as has been placed into buying ASICs.

Remember that if mining with an onboard hard drive, it basically doesn't count.. it's electricity any decentralized network has to use to stay up and running and run the blockchain. And if it's an external drive then you can read from it and not just idle it but completely turn it off until it's your next turn to mine.. after all it serves no purpose to you(so it runs for 1 minutes per 24 hours or something like that? That's the number I can't figure out how to estimate) or at least that's how I see it, is that fair?

Also, I was worried about this but Google did a study that shows that spinning up and down the drive barely affects it's lifetime. (3% more likely to fail after 2 years of being turned off and on repeatedly)

yellowduck2

hero member

Activity: 868

Merit: 1000

Quote from: unsoindovo on November 21, 2014, 04:01:18 AM

Quote from: fastBeast on November 21, 2014, 03:53:51 AM

i cnfirm who we are one of the biggest comunity...
check the ranking of replies to thread...

really big community!!!
and a big community will have glossy future for sure!!!

Cheesy

i know it from the beginnings...
burst has been really a big news in the world of alt-Coins...

and in the coming months i think we will have a big satisfactions

Night is still young. Coin need time to mature. Burst is only 3 months old but its usually around 3-6 month coin start to mature.

And someone or group is accumulating a lot of coins for many weeks. I guess in order to manipulate price, one has to hold a lot of coins, perhaps more than 50% so that not many can dump the pump when it goes up.

And when price goes high and stay , we will see big machine coming in to mine.

unsoindovo

legendary

Activity: 1932

Merit: 1042

https://locktrip.com/?refId=40964

Quote from: fastBeast on November 21, 2014, 03:53:51 AM

i cnfirm who we are one of the biggest comunity...
check the ranking of replies to thread...

really big community!!!
and a big community will have glossy future for sure!!!

Cheesy

i know it from the beginnings...
burst has been really a big news in the world of alt-Coins...

and in the coming months i think we will have a big satisfactions

fastBeast

full member

Activity: 126

Merit: 100

i cnfirm who we are one of the biggest comunity...
check the ranking of replies to thread...

really big community!!!
and a big community will have glossy future for sure!!!

Cheesy

Palmdetroit

legendary

Activity: 910

Merit: 1000

PHS 50% PoS - Stop mining start minting

Quote from: vipervince2002 on November 20, 2014, 11:34:05 PM

Quote from: mczarnek on November 20, 2014, 10:47:39 PM

How would would estimate the amount of energy used by the burst network vs Bitcoin?

I guess the biggest question is, what percentage of the time do hard drives need to be online to be used to mine?

There are a lot of assumptions in these numbers, but it should still give a rough estimate.

Bitcoin network electrical consumption:
Assumption: The average Bitcoin miner has the efficiency of an Antminer S4 of 0.69 Watts/(GH/s).

In reality, this assumption is very generous because the efficiency for most ASICs will be worse than one of the most power efficient available.
Total Bitcoin hashrate as of 11/20/14 at 11:20pm: 284,772,770 GH/s

Total electricity consumption (at a minimum): 0.69 W/(GH/s) * (284,772,770 GH/s) = 196,493,211.3 Watts = 196,493 kilowatts

BURST network electrical consumption:
Assumption: The average hard drive on the BURST network is 1 TB.

According to http://www.buildcomputers.net/power-consumption-of-pc-components.html, the average hard drive consumes 10 W. Most hard drives on the network are probably 2 TB or larger, but assuming 1 TB is a worst cast scenario (two 1 TB hard drives use 20 W vs one 2 TB hard drive uses 10 W).

Assumption: BURST network is at its highest difficulty and largest size at 9000 TB.

10 W/drive * 9000 drives = 90,000 W = 90 kilowatts

90 / 196,493 = 0.045% of Bitcoin's electricity at current levels

EDIT: 10 W is the most that a hard drive typically uses. Idling uses about half as much power or less.

And SSD hds are .05-.5 watts each (or less?) (maybe we can soon justify lots of ssd drive purchases Cheesy

)

mczarnek

hero member

Activity: 527

Merit: 503

Thank you vipervince! Will use that calculation on the 'energy consumption' page.

Different question, is it possible to boil the time it takes to plot a hard drive down to approximate hours per TB? Haven't plotted or tried mining yet.

Also, could people throw out some suggestions for questions that should be placed within a Burst FAQ?

vipervince2002

newbie

Activity: 22

Merit: 0

Quote from: mczarnek on November 20, 2014, 10:47:39 PM

How would would estimate the amount of energy used by the burst network vs Bitcoin?

I guess the biggest question is, what percentage of the time do hard drives need to be online to be used to mine?

There are a lot of assumptions in these numbers, but it should still give a rough estimate.

Bitcoin network electrical consumption:
Assumption: The average Bitcoin miner has the efficiency of an Antminer S4 of 0.69 Watts/(GH/s).

In reality, this assumption is very generous because the efficiency for most ASICs will be worse than one of the most power efficient available.
Total Bitcoin hashrate as of 11/20/14 at 11:20pm: 284,772,770 GH/s

Total electricity consumption (at a minimum): 0.69 W/(GH/s) * (284,772,770 GH/s) = 196,493,211.3 Watts = 196,493 kilowatts

BURST network electrical consumption:
Assumption: The average hard drive on the BURST network is 1 TB.

According to http://www.buildcomputers.net/power-consumption-of-pc-components.html, the average hard drive consumes 10 W. Most hard drives on the network are probably 2 TB or larger, but assuming 1 TB is a worst cast scenario (two 1 TB hard drives use 20 W vs one 2 TB hard drive uses 10 W).

Assumption: BURST network is at its highest difficulty and largest size at 9000 TB.

10 W/drive * 9000 drives = 90,000 W = 90 kilowatts

90 / 196,493 = 0.045% of Bitcoin's electricity at current levels

EDIT: 10 W is the most that a hard drive typically uses. Idling uses about half as much power or less.

mczarnek

hero member

Activity: 527

Merit: 503

How would would estimate the amount of energy used by the burst network vs Bitcoin?

I guess the biggest question is, what percentage of the time do hard drives need to be online to be used to mine?

mmmaybe

sr. member

Activity: 462

Merit: 250

Quote from: paduser on November 20, 2014, 03:08:04 PM

Burst Achievements: Get your first Spam message.

I got this achievement today. What's about you guys? Tongue

What kind of spam?

I go an invitation to join some unknown SG pool. I responded by asking how much they would pay me for joining them. Got no response pack Wink

mmmaybe

sr. member

Activity: 462

Merit: 250

Quote from: m3ta on November 20, 2014, 03:30:56 PM

Quote from: paduser on November 20, 2014, 03:08:04 PM

Burst Achievements: Get your first Spam message.

I got this achievement today. ~~What's~~ What about you guys? Tongue

I spellchecked another illiterate.

I was starting to think you moved away from being the saddest and most pathetic guy
around these forums, but evidently not.

I'll say this as kindly as I can. I'm a psychiatrist in my professional life, ofc I can't give you a diagnoses over the net, but I urgently ask you to please seek psychiatric help and let them help you with appropriate meds for for you disorder

All the best,

paduser

sr. member

Activity: 432

Merit: 250

Quote from: m3ta on November 20, 2014, 03:30:56 PM

Quote from: paduser on November 20, 2014, 03:08:04 PM

Burst Achievements: Get your first Spam message.

I got this achievement today. ~~What's~~ What about you guys? Tongue

I spellchecked another illiterate.

Haha not an illiterate. Just someone who has an other native language. But thanks for correcting I'm still trying my best.

m3ta

sr. member

Activity: 435

Merit: 250

Quote from: paduser on November 20, 2014, 03:08:04 PM

Burst Achievements: Get your first Spam message.

I got this achievement today. ~~What's~~ What about you guys? Tongue

I spellchecked another illiterate.

paduser

sr. member

Activity: 432

Merit: 250

Burst Achievements: Get your first Spam message.

I got this achievement today. What's about you guys? Tongue

Nevril

member

Activity: 108

Merit: 10

Quick update
The goal of sold shares to buy the next LTCGear package is getting near day by day.

For those who don't know what BLTPS is, in short terms, it is a project that is investing directly BTCs into cloud-mining hardware to avoid dumping Bursts.
The profit is then used to build buy-walls for Bursts, sustain its market value and split the bought ones among BLTPS investors.
Basically an alternative way to both mine and increase this coin value.

Check out all details in the official thread:

Burst Long Term Price Support project
(BLTPS)

Investment Status
Share value: 0.01 BTC - Sold Shares: 372 - Next goal: 450 ~~250~~
Booked Shares (waiting for payment): 60
Hashrate supporting Burst: 174 MH/s (LTC)

paradigmflux

sr. member

Activity: 378

Merit: 254

small fry

Quote from: twig123 on September 29, 2014, 11:19:59 PM

Quote from: twig123 on September 28, 2014, 09:33:29 PM

Quote from: twig123 on September 28, 2014, 02:39:31 AM

Quote from: twig123 on September 27, 2014, 08:31:35 PM

Quote from: fabula on September 27, 2014, 11:54:58 AM

Quote from: twig123 on September 27, 2014, 11:33:29 AM

Both doge94 & paradigmflux need to check their respective pools...

@paradigmflux, I haven't seen a payout in several days now... Looks like several people are getting fed up with it as well, as there is almost no hashing power on your pool anymore. What's the deal?

...would be really nice if Pool devs would chime in.
Both pools are still having issues.

@paradigmflux - Officially down 6000+ coins (and counting) because your pool isn't paying out.
You rally for support of you pool, yet are MIA when your pool needs you.

I'm headed to bed now. However, if there is not any feedback on fixing the pool by the time I wake up, then I'll have no other option than to cut my losses and pull all of my hashing power off of your pool...

Hope to hear some good news soon.

still no updates/fixes.
*sigh* I'm severely disappointed...

@paradigmflux - Whelp, I've given up on your pool since there is no support from you.
I have now withdrawn my miners from your pool, leaving it with less than 150GH/s (SHA) of hashing power...

If you ever decide to make right on these issues, let me know and I'll consider shifting my hashing power back.

Quote from: crowetic on September 29, 2014, 02:58:18 PM

Quote from: zippolo on September 29, 2014, 01:08:00 PM

Quote from: crowetic on September 29, 2014, 12:16:30 PM

WHAT IS GOING ON WITH BURSTMULTIPOOL.COM???

paradigm, I would like to sell my assets back, as nothing seems to be happening with them, can you please PM me. Thanks.

I was thinking about it today, i bought the shares but i didn't saw any dividend

I don't think anyone ever did, I am pretty sure I am the biggest single owner, I was all in on this until I saw absolutely nothing come of it, he had a great plan, but no follow-through... now I'm wondering what he'll do when I contact him asking for my share investment back, seeing as he didn't do a single thing he said he would, or didn't show proof of anything, or anything... I totally feel taken.

I highly doubt that you are going to receive any dividends when the pool itself isn't even paying out... (See my quoted post above)
No payouts have happened for 8 days now and paradigmflux hasn't even logged into BCT since the 25th.

I really hope that paradigmflux comes back and makes things right, but for now I'd suggest just pulling your hashing power (if any) and cutting your losses...

In case you haven't noticed, I had put up a buyback wall for the assets that has been up for over a month now.
The pool also paid out finally before it shut down

Code:

6879200175136106579 / 11/3/2014 16:49:14 Ordinary Payment 20'437.076677 1 BURST-K8BC-7KN2-67DX-8KLFN 1440+
1298804922991027058 / 11/3/2014 16:49:14 Ordinary Payment 1'548.75407399 1 BURST-7889-34YA-HQQ6-C47RH 1440+
1264895455554811012 / 11/3/2014 16:49:14 Ordinary Payment 16'499.625564 1 BURST-PNYU-9CRL-GBAK-8VYBY 1440+
1260063266580023918 / 11/3/2014 16:49:14 Ordinary Payment 130.51345599 1 BURST-J8HZ-99WH-5B3G-BCRMF 1440+
462180777478045652 / 11/3/2014 16:49:14 Ordinary Payment 116.235952 1 BURST-UVXE-GQ7F-64DB-HVS47 1440+
15490988015633211343 / 11/3/2014 16:49:13 Ordinary Payment 42.512949 1 BURST-FTFB-FJ7H-LFQ2-2YEGY 1440+
13327547045807407211 / 11/3/2014 16:49:14 Ordinary Payment 3'008.473153 1 BURST-D5C6-9JH8-2PBJ-DPVAB 1440+
11143444966624429823 / 11/3/2014 16:49:14 Ordinary Payment 16'322.72641899 1 BURST-YKME-ETDL-Y4M6-GS2CW 1440+
10082532876892102704 / 11/3/2014 16:49:14 Ordinary Payment 484.80829799 1 BURST-J8FG-RBLX-62RJ-DR6R3 1440+
10070304449699360742 / 11/3/2014 16:49:14 Ordinary Payment 3'752.08102199 1 BURST-Y47Q-T3JC-3S5V-7ELUW 1440+

tex81

full member

Activity: 145

Merit: 100

I`m not shure in how deadline and timestamp 'work'.

Quote from: How it works

...
The resulting number is a number of seconds. If that many seconds passes since the last block without a new one, the address/nonce combination used to generate that plot/scoop is eligable to announce a new block.
...

"since the last block" - is since I know about new block or since it`s timestamp?

boliu

sr. member

Activity: 267

Merit: 250

6th BTC reached. Thank you for your support

Quote

04:17:59 New block: 35944

Quote

04:18:09 Recieved confirmation from pool

it already took 10 seconds for your pool to confirm your 2 second deadline, and a few more to be on the blockchain.

tex81

full member

Activity: 145

Merit: 100

Quote from: boliu on November 20, 2014, 11:02:36 AM

Quote from: tex81 on November 20, 2014, 09:31:53 AM

I thought that PrevBlockTimestamp+NewBestDeadline=NewBlockTimestamp, but:

35943 Blocktime 8720261
----- New block: 35944
found deadline=2
35944 Blocktime 8720272 (+11s)

Best deadlines are not difference between timestamp?

I think it took your miner 11 seconds to found your deadline of 2.

11 seconds from what?

Every 3 sec - getMiningInfo from pool. Then:
04:17:59 New block: 35944
04:18:02 found deadline 2s
04:18:03 sent to pool
04:18:09 Recieved confirmation from pool

soronto

member

Activity: 66

Merit: 10

Quote from: THeZoiD on November 19, 2014, 11:09:51 AM

Quote from: soronto on November 19, 2014, 10:49:57 AM

Can I have definitive answer for the following question: is it allowed to have the gap between plots? for example: I have 3 plots:

1. 1-100000
2. 100001-180000
3. 200001-300000

So there is a gap between 180001 and 200000. Should I leave it and don't worry or try to create missing plot?

Yeah your ok....

as long as they don't overlap

Ok thx for help. Do you have any (your own) experience regarding of stragger value? I have checked it my self but didn't see any differences.

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 562. (Read 2171095 times)