Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 599. (Read 2171065 times)

which is diffcult to achieve, because burst use 4098 round of hashing

Someone want to check my calculations?

I'm calculating that assuming Bitcoin gets 280,000,000 GH/s, then assuming it uses the most energy and cost efficient miner I could find, then it costs $2 per GH and uses 0.5W/GH.

This means that the cost to buy the equipment to power the network is $560,000,000.
Also, the Bitcoin network uses 0.5 W per GH.  In other words 280,000,000 * 0.5 = 140,000,000 W


Now I went with the most energy efficient drive after quickly looking around, I found this: http://www.tomshardware.com/reviews/4tb-3tb-hdd,3183-15.html

The HITACHI Deskstar 5K4000:  http://www.amazon.com/HITACHI-0F14697-Deskstar-5K4000-INTERNAL/dp/B00B6TMG7O

This costs you $130 for 4TB.  So $560,000,000 will buy you ~4,300,000 4TB drives.

4,300,000 drives at 6W per drive gets you 25,800,000 W

Or in other words, ~4 times more energy efficient than Bitcoin..  which is nice but considering how much cheaper it is to forge for Nxt than mine for Bitcoin.. maybe not as much potential as I initially was thinking.  Especially if new Bitcoin mining equipment truly runs at 0.19 W instead of 0.5 W as used for the above calculation.. at which it's maybe half as energy efficient as Bitcoin.

See here: http://blogs.wsj.com/digits/2014/08/15/german-startup-says-its-new-chip-halves-bitcoin-mining-energy/

So this would use half as much energy as a similarly sized Bitcoin network.

Here is my much longer analysis of the Nxt network: https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit?usp=sharing

It's still a cool idea and hard drives are more reusable though..  idk.  I'll probably still buy a little but it's not as exciting as I was initially thinking unless he can figure out a way to use that data to store something instead of simply mine with it.


Btw, FakeAccount, you may want to read this article on RAM optimizers:
http://www.howtogeek.com/171424/why-memory-optimizers-and-ram-boosters-are-worse-than-useless/

Oh OK that's great.
One last question, if I have say 5 rigs & all rigs are connected to the same internet connection as individual system (Not like client-server scenario),
can I mine solo with wallet running on each system & your miner running individually on each system ? or should I create client-server setup & use your latest miner with running the wallet on server (1 of the 5 rigs) & other 4 systems connected as a client to it. Thanks for your great work & prompt reply.