[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 583.

Irontiga

hero member

Activity: 588

Merit: 500

Uhm...uray?

Notice the confirms vs time?

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: Irontiga on November 10, 2014, 11:01:04 PM

Quote from: Craige288 on November 10, 2014, 10:47:04 PM

Thanks. I did contact Poloniex support and they said 'Sorry, can't help, transaction already on the blockchain'.

Just tried the faucet and it didn't have any public key entry either. I'll see if I have any Burst when I get home. If I do have some does that mean the first deposit is done and I can continue as normal with Poloniex etc?

No public key needed for burst.

Oh that's right.. forgot about that. Public key does unlock things but not needed for normal transactions. Nice

Irontiga

hero member

Activity: 588

Merit: 500

Quote from: Craige288 on November 10, 2014, 10:47:04 PM

Thanks. I did contact Poloniex support and they said 'Sorry, can't help, transaction already on the blockchain'.

Just tried the faucet and it didn't have any public key entry either. I'll see if I have any Burst when I get home. If I do have some does that mean the first deposit is done and I can continue as normal with Poloniex etc?

No public key needed for burst.

Craige288

member

Activity: 120

Merit: 73

Thanks. I did contact Poloniex support and they said 'Sorry, can't help, transaction already on the blockchain'.

Just tried the faucet and it didn't have any public key entry either. I'll see if I have any Burst when I get home. If I do have some does that mean the first deposit is done and I can continue as normal with Poloniex etc?

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: Craige288 on November 10, 2014, 10:16:20 PM

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits? I just stupidly transferred a fair amount from Poloniex and lost it! I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion. What is the minimum TB suggested at present to give a good chance of finding blocks?

I'd recommend contacting Poloniex and asking them for advice. No, can't include the public key in the first transfer, have to make your own first transfer.. I guess from an account of someone else who owns Burst? Which is indeed an issue if new people can't get involved because they can't transfer Burst into their account directly from the exchange to their wallet.. of course I guess the faucet should be once way to get around that?

My guess would be those burst aren't lost, that transaction just isn't valid and will expire or maybe go through once you unlock your wallet.. after all it was sent to your account, shouldn't be able to be claimed by anyone else or just be lost.. idk the answer to that one though.

Regarding finding blocks, please check out this calculator: https://bchain.info/BURST/tools/calculator

I suspect you'll need to join a pool to actually be able to mine any blocks with 6 TB. See the first post for information there.

Craige288

member

Activity: 120

Merit: 73

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits? I just stupidly transferred a fair amount from Poloniex and lost it! I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion. What is the minimum TB suggested at present to give a good chance of finding blocks?

uray

hero member

Activity: 1400

Merit: 505

Quote from: mczarnek on November 10, 2014, 08:01:51 PM

Quote from: uray on November 10, 2014, 07:56:01 PM

Quote from: pinballdude on November 10, 2014, 07:30:38 PM

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

or a pool?

its poloniex address

whats funny is they are using same passpharase for NXT, NHZ and BURST

That seems like a really bad idea to use the same passphrase.. I know there was talk of a theoretical attack that could cause some problems given this within Nxt.. won't give details publicly but I'm going to contact them about that.

But the point is, I hope that nobody else uses the same passphrase for different coins, especially if they are all forks of the same coin and use the same internal structure for a transaction.. my guess is also that they use the same passphrase for all other coins as well.. which in general seems like a bad idea.. hack one passphrase and you get all of their coins.

cool... lets hack this address! a lot of NXT, BURST and NHZ!
writing openCL RS address bruteforcer...

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: uray on November 10, 2014, 07:56:01 PM

Quote from: pinballdude on November 10, 2014, 07:30:38 PM

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

or a pool?

its poloniex address

whats funny is they are using same passpharase for NXT, NHZ and BURST

That seems like a really bad idea to use the same passphrase.. I know there was talk of a theoretical attack that could cause some problems given this within Nxt.. won't give details publicly but I'm going to contact them about that.

But the point is, I hope that nobody else uses the same passphrase for different coins, especially if they are all forks of the same coin and use the same internal structure for a transaction.. my guess is also that they use the same passphrase for all other coins as well.. which in general seems like a bad idea.. hack one passphrase and you get all of their coins.

pinballdude

sr. member

Activity: 286

Merit: 250

Quote from: uray on November 10, 2014, 07:56:01 PM

Quote from: pinballdude on November 10, 2014, 07:30:38 PM

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

or a pool?

its poloniex address

whats funny is they are using same passpharase for NXT, NHZ and BURST

30 million+ burst for you if you can guess it, just saying

(and a gazillion gazollion NXT too)

pinballdude

sr. member

Activity: 286

Merit: 250

Quote from: majere on November 10, 2014, 07:40:06 PM

Quote from: pinballdude on November 10, 2014, 07:30:38 PM

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

Seems so, search the same address with NXT- prefix. A lot more transactions.

The same address with NXT prefix is a (or the) poloniex hot wallet (acc to something i read somewhere)

I guess it is possible to use the same PK to get a NXT address similar to your BURST address and vice versa. No big deal, but kinda fun, and shows the inheritage between the two.

uray

hero member

Activity: 1400

Merit: 505

Quote from: pinballdude on November 10, 2014, 07:30:38 PM

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

or a pool?

its poloniex address

whats funny is they are using same passpharase for NXT, NHZ and BURST

majere

newbie

Activity: 44

Merit: 0

Quote from: pinballdude on November 10, 2014, 07:30:38 PM

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

Seems so, search the same address with NXT- prefix. A lot more transactions.

pinballdude

sr. member

Activity: 286

Merit: 250

http://burstcoin.eu/address/5810532812037266198

some address seem to accumulate a lot of burst right now.

What is this exactly?

somebody stealing money using hacked passphrases?

or is it legit?

hah! probably an exchange!

or a pool?

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: burstcoin on November 10, 2014, 06:51:50 PM

Quote from: mczarnek on November 10, 2014, 06:02:21 PM

Quote from: hvidgaard on November 10, 2014, 05:34:40 PM

Quote from: mczarnek

Also, how much does Burst have to worry about 'Nothing at Stake'? Basically you can try to mine on every fork you see? If someone gets over 50% of the storage, then he can create a separate fork with very little effort that looks correct? There is one way to sort of get around this but it can't be used to prevent new miners joining the network from joining the wrong fork. So, theoretically, given what is currently implemented.

It is no different than any other algorithm that has 50% value to determine the correct fork. If you own >50% of the Network power (or storage here), you can mine your own fork and publish it once it's ahead of the other fork. Nothing can prevent this in a decentralized system of this kind where the "majority" is right.

The issue is let's say someone started working on a Proof of Work fork. If they wanted to fake a fork that was 100 blocks long, they would have to remove 50% of the mining power from the main chain to create this fork, this would take 100 blocks to complete however.. by which point in time the network would be 100 blocks into the future, so they'd constantly be playing catch up.

The question is, can you occasionally say fake a fork like this in say 5 minutes with a large enough percentage of network resources that the network accepts and uses to overwrite the 10 confirmations of a blockchain which cheats the system and overrides that calculation?

You are correct, a fake fork could be constructed in less time catching up to the current time starting from a block farther back than mining the real one took Considering the reading time for many user's plot files, you could probably construct the fake one in about 1.5 minutes/block. In order to achieve at least the same cumulative difficulty without running into the future(which would cause the chain to get rejected), the fake chain would still have to have a higher hashrate than the real one. In the case of semi-honest miners on both chains, catching up would probably be slower, as miners would be reading different data for each chain, so 3 minutes/block for creating a fake chain would be more likely, making catchup still faster, but not by as much.

Thanks for mentioning this, I'll certainly be keeping it in mind.

Yeah, I don't see if as a huge negative.. like you said, still need to have more than half of the hashrate, but if someone could keep it, for a relatively short time, they could cause problems, starting from the past blocks. Exactly, just something to keep in mind.

burstcoin

sr. member

Activity: 280

Merit: 250

Quote from: mczarnek on November 10, 2014, 06:02:21 PM

Quote from: hvidgaard on November 10, 2014, 05:34:40 PM

Quote from: mczarnek

Also, how much does Burst have to worry about 'Nothing at Stake'? Basically you can try to mine on every fork you see? If someone gets over 50% of the storage, then he can create a separate fork with very little effort that looks correct? There is one way to sort of get around this but it can't be used to prevent new miners joining the network from joining the wrong fork. So, theoretically, given what is currently implemented.

It is no different than any other algorithm that has 50% value to determine the correct fork. If you own >50% of the Network power (or storage here), you can mine your own fork and publish it once it's ahead of the other fork. Nothing can prevent this in a decentralized system of this kind where the "majority" is right.

The issue is let's say someone started working on a Proof of Work fork. If they wanted to fake a fork that was 100 blocks long, they would have to remove 50% of the mining power from the main chain to create this fork, this would take 100 blocks to complete however.. by which point in time the network would be 100 blocks into the future, so they'd constantly be playing catch up.

The question is, can you occasionally say fake a fork like this in say 5 minutes with a large enough percentage of network resources that the network accepts and uses to overwrite the 10 confirmations of a blockchain which cheats the system and overrides that calculation?

You are correct, a fake fork could be constructed in less time catching up to the current time starting from a block farther back than mining the real one took Considering the reading time for many user's plot files, you could probably construct the fake one in about 1.5 minutes/block. In order to achieve at least the same cumulative difficulty without running into the future(which would cause the chain to get rejected), the fake chain would still have to have a higher hashrate than the real one. In the case of semi-honest miners on both chains, catching up would probably be slower, as miners would be reading different data for each chain, so 3 minutes/block for creating a fake chain would be more likely, making catchup still faster, but not by as much.

Thanks for mentioning this, I'll certainly be keeping it in mind.

uray

hero member

Activity: 1400

Merit: 505

Quote from: crowetic on November 10, 2014, 06:40:39 PM

Quote from: mmmaybe on November 10, 2014, 06:39:33 PM

Seems to be some coordination at the exchanges also with a few buy walls, not huge but I've not seen that before:

bittrex, 1,5BTC @ 150sat and 2BTC @ 140sat
poloniex, 0,75BTC @ 155sat; 2BTC @ 150 and 2,8BTC @ 140sat
c-cex, 0,8BTC @ 150sat

Decent volyme too, 5th on polo last 24h.

I've noticed this happening a few times before as well.

at the same hour

crowetic

legendary

Activity: 2282

Merit: 1072

https://crowetic.com | https://qortal.org

Quote from: mmmaybe on November 10, 2014, 06:39:33 PM

Seems to be some coordination at the exchanges also with a few buy walls, not huge but I've not seen that before:

bittrex, 1,5BTC @ 150sat and 2BTC @ 140sat
poloniex, 0,75BTC @ 155sat; 2BTC @ 150 and 2,8BTC @ 140sat
c-cex, 0,8BTC @ 150sat

Decent volyme too, 5th on polo last 24h.

I've noticed this happening a few times before as well.

mmmaybe

sr. member

Activity: 462

Merit: 250

Seems to be some coordination at the exchanges also with a few buy walls, not huge but I've not seen that before:

bittrex, 1,5BTC @ 150sat and 2BTC @ 140sat
poloniex, 0,75BTC @ 155sat; 2BTC @ 150 and 2,8BTC @ 140sat
c-cex, 0,8BTC @ 150sat

Decent volyme too, 5th on polo last 24h.

uray

hero member

Activity: 1400

Merit: 505

Quote from: brizio71 on November 10, 2014, 06:26:47 PM

Hi,

Does the Burst calculator (https://bchain.info/BURST/tools/calculator) the correct value ?

I have 10TB of plot files, using the calculator I should earn 4894 BTC per day, my last days was:

2014-11-10 = 3046.74180549 BURST or 0.005 BTC or 1.67 USD or 80 RUR
2014-11-09 = 3568.72379273 BURST or 0.005 BTC or 1.95 USD or 93 RUR
2014-11-08 = 2948.54032659 BURST or 0.004 BTC or 1.61 USD or 77 RUR
2014-11-07 = 1237.77490467 BURST or 0.002 BTC or 0.68 USD or 32 RUR
2014-11-06 = 3209.12890279 BURST or 0.005 BTC or 1.76 USD or 84 RUR
2014-11-05 = 2498.09233920 BURST or 0.004 BTC or 1.37 USD or 65 RUR

where is the problem ?

Thanks

the problem is you see it wrong, its BURST, not BTC

uray

hero member

Activity: 1400

Merit: 505

we are #1 sorted by % change(24h) on coinmarket cap

while on coingecko we are ranking #38

look our community rating is like a shit, because we dont use enough FB, Twitter, Reddit

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 583. (Read 2171059 times)