[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 657.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: Irontiga on October 09, 2014, 05:00:32 AM

Quote from: AizenSou on October 09, 2014, 04:54:43 AM

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

Yes finally a nice post. To be honest 2mil BURST is not big at all (given the price now). I even know some people who hold > 20mil BURST. The problem exists and we must face it. The most innovative part of BURST is its mining technique, so I understand why people ask about it a lot. But unfortunately it's not enough. To survive as an established coin longterm we need more. PR, educating people about the greatness of HDD mining, merchant acceptances, new unique features. The dev could help at the last part, and for god's sake please let's him focus his strength on this. The other parts muss come from us. If we could build a great community like DRK, BURST in explode. The price will come after, it's just a natural flow.

Excuse me....2mill is 2 thirds of the burst mined in a day....

Excuse me? The one with > 20mil BURST could easily dump the market to 1sat now.
With 200mil BURSTs in circulation now, why should be panic if 1% of total coin was dumped on the market ?

HoldTheLine

member

Activity: 112

Merit: 10

Any shaky hands out there wanting to sell 1 Million Burst for 150 Satoshi let me now. We will arrange an exact time privately, you will put them up on Bittrex at 150 Sat and I will buy them.

Anything to keep the damn market afloat.

Irontiga

hero member

Activity: 588

Merit: 500

Quote from: AizenSou on October 09, 2014, 04:54:43 AM

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

Yes finally a nice post. To be honest 2mil BURST is not big at all (given the price now). I even know some people who hold > 20mil BURST. The problem exists and we must face it. The most innovative part of BURST is its mining technique, so I understand why people ask about it a lot. But unfortunately it's not enough. To survive as an established coin longterm we need more. PR, educating people about the greatness of HDD mining, merchant acceptances, new unique features. The dev could help at the last part, and for god's sake please let's him focus his strength on this. The other parts muss come from us. If we could build a great community like DRK, BURST in explode. The price will come after, it's just a natural flow.

Excuse me....2mill is 2 thirds of the burst mined in a day....

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: dekodoge on October 09, 2014, 04:58:35 AM

blah blah

You see? Welcome the trolls. If the trolls coming back, so it's always a good sign LOL

dekodoge

full member

Activity: 168

Merit: 100

BURSTCOIN = POPPED.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

Yes finally a nice post. To be honest 2mil BURST is not big at all (given the price now). I even know some people who hold > 20mil BURST. The problem exists and we must face it. The most innovative part of BURST is its mining technique, so I understand why people ask about it a lot. But unfortunately it's not enough. To survive as an established coin longterm we need more. PR, educating people about the greatness of HDD mining, merchant acceptances, new unique features. The dev could help at the last part, and for god's sake please let's him focus his strength on this. The other parts muss come from us. If we could build a great community like DRK, BURST in explode. The price will come after, it's just a natural flow.

RonMank

sr. member

Activity: 588

Merit: 250

Quote from: Irontiga on October 09, 2014, 04:48:52 AM

People, calm down!!! The price doesn't matter, it's just that we can't give up when it's low. HDD mining + NXT features. Take some time to think about it, and then realise that that kinda sounds a lot like something which can be used all over the world....it just needs patience and marketing. Yeah, we need marketing. PM if you can help...preferably over at burstforum.com

Sure, I am inclined to help with marketing if possible. Check out the airdrop I've started up for BlueCoin, I'll send you a pm with the link. I can do something similar for BURST, it seems to have way more activity anyways, and could be worth while in adoption. Let me know if this is a direction you would like to go for signature distribution of BURST.

I still believe there is a future with this, if continued to execute properly.

OmegaReaper

newbie

Activity: 27

Merit: 0

Quote from: RonMank on October 09, 2014, 04:38:36 AM

50% drop since I last bought BURST. HDD mining might not be on demand yet, I still see big solutions coming ahead with CPUs similar to what magi has been working on in the last few weeks. Except without worrying about hdd issues as others have discussed here.

I think a lot of the issues with HDD mining have been made more complex by a few factors. The first people rushing to mine without taking the time to learn how to set it up correctly. The second, trying to tweak settings to unreal expectations. I currently am running 15 rigs, with various operating systems, and some on 10 year old servers, with 10 year old hard drives. This being said, I have had one drive fail, and it was more than likely going bad when I installed it in the host. To comment on the price, this coin is still fairly new, and it has a strong community, and a a solid dev behind it. One of the things that is hurting all crypto's is the amount of coins released daily, and all the pumps and dumps. I have felt BURST would be a mid to long term hold since it was introduced. The coin is going to have to maintain through all the FUD, and price swings, that come from an easily manipulated market. I think there many more good things coming from this coin, the main thing is to keep a solid community behind it, and an active dev. i do not think it is a good choice if you want to "get rich quick". I say this as I think about all the pizza's bitcoin bought. I think as a community we need to focus more on implementation at this point, here and on the burtstcoin forum.

My 2 BURST's

Omega

Irontiga

hero member

Activity: 588

Merit: 500

Quote from: HoldTheLine on October 09, 2014, 04:49:21 AM

Quote from: RonMank on October 09, 2014, 04:38:36 AM

50% drop since I last bought BURST. HDD mining might not be on demand yet, I still see big solutions coming ahead with CPUs similar to what magi has been working on in the last few weeks. Except without worrying about hdd issues as others have discussed here.

Incurring a big fat loss at this stage - bought 600,000 between 190 and 212 Satoshi. Nothing to do but baghold I guess - would rather hold until 1 Satoshi than sell for a whopping great loss.

Put 1.5BTC into GHOST too so not a good week lol

My losses are only just starting, I bought ages back at 140 Wink

fabula

hero member

Activity: 644

Merit: 500

When we hit bittrex we rise to 5k!!
1100 satoshi is to low now! Buy at 1100 or will cry later!

Ops, sorrry, this was 2 months ago. Wink

Irontiga

hero member

Activity: 588

Merit: 500

Does anyone know the EXACT UNIX TIMESTAMP for when the counter for burst started?

HoldTheLine

member

Activity: 112

Merit: 10

Quote from: RonMank on October 09, 2014, 04:38:36 AM

50% drop since I last bought BURST. HDD mining might not be on demand yet, I still see big solutions coming ahead with CPUs similar to what magi has been working on in the last few weeks. Except without worrying about hdd issues as others have discussed here.

Incurring a big fat loss at this stage - bought 600,000 between 190 and 212 Satoshi. Nothing to do but baghold I guess - would rather hold until 1 Satoshi than sell for a whopping great loss.

Put 1.5BTC into GHOST too so not a good week lol

Irontiga

hero member

Activity: 588

Merit: 500

People, calm down!!! The price doesn't matter, it's just that we can't give up when it's low. HDD mining + NXT features. Take some time to think about it, and then realise that that kinda sounds a lot like something which can be used all over the world....it just needs patience and marketing. Yeah, we need marketing. PM if you can help...preferably over at burstforum.com

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: RonMank on October 09, 2014, 04:38:36 AM

50% drop since I last bought BURST. HDD mining might not be on demand yet, I still see big solutions coming ahead with CPUs similar to what magi has been working on in the last few weeks. Except without worrying about hdd issues as others have discussed here.

The problem is almost users who frequently visit this thread pay attention too much to mining related posts. All posts about future of the coin and how to improve are just buried. If you don't stop the mining here, almost no new investors will buy your mined BURST.

Just my 2 BURST.

RonMank

sr. member

Activity: 588

Merit: 250

50% drop since I last bought BURST. HDD mining might not be on demand yet, I still see big solutions coming ahead with CPUs similar to what magi has been working on in the last few weeks. Except without worrying about hdd issues as others have discussed here.

HoldTheLine

member

Activity: 112

Merit: 10

Quote from: unsoindovo on October 09, 2014, 04:15:13 AM

Quote from: HoldTheLine on October 09, 2014, 04:12:04 AM

Quote from: fanepatent on October 09, 2014, 04:03:04 AM

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

From what I know Paradigm came back and the pool is running fine.
You can point your miners there.

Sweet - happy to put what little mining power I have left in the pot. Any news from the dev? seems to have disappeared these past few days.

i confirm the dev is on fire!

Wink

Would be nice if he could show his face here more often. 4 going on 5 days without a post from him here. Little things like this are bad for business.

unsoindovo

legendary

Activity: 1932

Merit: 1042

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

Quote from: HoldTheLine on October 09, 2014, 04:12:04 AM

Quote from: fanepatent on October 09, 2014, 04:03:04 AM

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

From what I know Paradigm came back and the pool is running fine.
You can point your miners there.

Sweet - happy to put what little mining power I have left in the pot. Any news from the dev? seems to have disappeared these past few days.

i confirm the dev is on fire!

Wink

Pilotseye

full member

Activity: 210

Merit: 100

Page 666 - hell yeah Grin

HoldTheLine

member

Activity: 112

Merit: 10

Quote from: fanepatent on October 09, 2014, 04:03:04 AM

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

From what I know Paradigm came back and the pool is running fine.
You can point your miners there.

Sweet - happy to put what little mining power I have left in the pot. Any news from the dev? seems to have disappeared these past few days.

fanepatent

full member

Activity: 224

Merit: 100

Quote from: HoldTheLine on October 09, 2014, 03:48:53 AM

Something isn't right here. Over 2 Million Burst was dumped earlier today - 1.9 Million by the same person, and the dumps are still coming. Worse than a falling price is losing big whales like that - gives a very negative signal to prospective investors that 'big money' feels they made a profitable decision dumping at 130 Satoshi therefore it must be expected to fall below that. Sort of like that massive 15BTC dump on Swift - triggered the down trend. Difference is we havent been pumped and another downtrend now would not be good for the long term survival of the coin. It's cripplingly difficult to make up lost ground in the sense that if we fall to 100 Sat it will take a 500% increase in market cap to get us back up to a 'low but fair' price of 500 sat; we can forget about 1000 Sat if it touches 100 Sat - at least for the medium term.

Any way we can get the multipool up and running again? If we can soak up 2 or 3 BTC worth of Burst per day we might still be able to get this thing on an upwards movement.

From what I know Paradigm came back and the pool is running fine.
You can point your miners there.

Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 657. (Read 2171091 times)