Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 737. (Read 2171056 times)

yeah. Burst lack marketing. But it's good that it lack marketing at early stage because accumulation is cheaper. I don't want to accumulate burst at 500. Now is the best price. Burst only got its first block reward cut. A good time for marketing could be after 2 or 3 block reward cut.

Opps. I'm sorry. But don't worry, be patience. I have bought a bunch of DRKs at 0.02BTC price but never worry about it.
Right now BURST marketcap is less than 200BTC and seems to be not in coinmarketcap ATM. If the community could help the dev boosting his work to achieve his roadmap in reliable timeframe, BURST could reach Storj's marketcap, more or less.
 

Therefore , it's importance to get burst listed as many big exchange as possible so that 1 big exchange unlist is not a big deal. If burst can get to bter , crypsty , mintpal, it can do well even if it get unlisted on bittrex or polo

Also, its not hard to prevent coin get unlisted on bittrex. Buying and selling to self can be done within a min or 2 to have at least 0.1 btc volume.

Anyway , we are still a long way getting unlisted.

i am mining and buying at the same time. My buy order has been sitting there for days without getting filled.

Man,i have bought burst from range 1100 sat - 130 sat. So,if is there one that only buy(and little mine), is me.  
I don't have much time to loose or spend on mining,setting,monitoring etc etc. So i prefer to buy. Sometimes i was right, sometimes not.

people buying based on speculative value of a coin. Wait a little bit for the coin to mature. Right now only 3BTC needs to keep the current inflation rate. I don't know how much you could spend for this but please continue to dump your BURST if you don't want it anymore. I (and a lot of others) will buy it all

You don't need to do this. When people realize that burst dead is cause by themself for spending 24 hours a day mining without buy on market...then it will be too late.
And it will come the question" Burst is delisted from bittrex? Why? Such an innovative coin. I'm buying other 400 TB of HDD".

do more exchange on these exchange platform, just sell and buy back to myself to keep the exchange alive , to avoid the low vol, if burst be delisted by one of any exchange, then burst's game is over. And it seems that xcloudcoin'dev claimed that they don't mine burst anymore, i think the price now is bottom,now can only mine 350 burst/TB/day, not much

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Anybody able to get gtx 750 ti stagger higher than 2000 ? My driver would crash above 2k.

Burst is ASIC resistance and very power efficient. If burst were to launch 6 months ago, it will do very well. 6-9 months ago , a simple coin that is ASIC only without any feature get very high price. Times have change.

Yes, it'll work, only needs java....although it'll take ages to read plots....i don't think it'll even manage to read all of them....and it's usb 2 ....so true answer is no, not with 6tb. You need more RAM and usb3 or eSata

Hey, my "Gaming/Working"-PC runs 24/7 with a single 6TB HDD and this uses a lot of engergy.
Does someone use a Raspberry pi, i have a B+ laying around, but it´s my first rasp i ever had.

Not shure on wich image it would run, is it possible?

According to the FAQ at burstcoin.info - no:

Personally, I think 1200-1500 pb is on the low side. Consumer prices are ~$33/tb. So $100m could buy a total of 3000pb of space at that price.

As far as energy consumption, I think it's fair to ignore the cost of running the computer that the storage is attached to. Mining that takes place on end-user's desktop computers aren't using any extra energy to keep the computer on (other than the energy of the hard drive itself), and large mining operations will likely be able to be pretty efficient with their operations, with one computer powering many hard drives.

Estimates vary, but it seems that the average power consumption for a single hard drive is about 7-13 watts. They can consume more when under heavy load, but mining will typically be very low load, with only a few reads every 4 minutes (especially if the plot files are optimized with a large stagger size). So, I think it's safe to say burst mining will be on the low end, and only consume 7 watts per drive.

Let's assume the entire 3000pb network is powered by a million 3 TB drives. This makes the entire power consumption for a burst mining network with $100m in capital equal to 7 million watts.

Let's compare this to bitcoin. I'm going to use figures from the bitcoinMining hardware comparison wiki page. For the sake of easy math, let's assume that the entire bitcoin mining network is powered by AntMiner S3's. These cost $382 each, so $100m could theoretically buy 261780 AntMiner S3's. Each S3 consumes 340 watts, which would put the entire network's energy consumption at 89 million watts.

This is all just back-of-the-napkin math, but it shows pretty clearly that burst is significantly more energy efficient per dollar of capital than typical proof-of-work mining. Ultimately, it comes down to the dollars per watt that the main mining instrument consumes. Bitcoin miners (ASICs) tend to consume about 1 watts per dollar, whereas burstcoin mining equipment (hard drives) only consume 0.1 watts per dollar.

Also, I think burst mining can be further optimized for energy consumption due to the nature of the mining algorithm that only requires reading once per block. Imagine an advanced mining setup with 4096 hard drives. The plots could be specially arranged such that the miner would only have to read from one drive per block. This would allow the miner to leave all the hard drives completely unpowered the majority of the time. This setup would consume something like a 1/4096th of the power of a traditional setup. That brings the watts/dollar figure for burst down to only 0.000024414. This more optimized mining method is 40,000 times more energy efficient than typical PoW mining.

if you ignore the fastest way to plot and base the storage and mining nodes on something like the new intel atom c2000 8 core series you go with 40 watts system to run 16 hdds.
one pb needs about 128 8 tb hdds and 8 systems. so cpu plus hdd for 1 pb plus network sums up to 1kw for each pb.
1350 kw without cooling would run a similar size of the bitcoin network (add 25% energy for cooling). hardware costs for the inital setup would sum up around 100m dollar plus location.
the harddisks require almost every 3 years a replacement. based on new capacities i  assume hardrrive only double their capacity every 4 years but this may change.
if you plan to conclude the coin price on a network of such a scale i think everything depends on how fast the network grows.
in short term i think price will lift off if network reaches 16pb.

does HDD RPM affect mining ? For example , 7200 RPM vs 5400 RPM , any differences in mining (Not plotting) ?

Go to solo mining. You should aproximately get one block per day.

Assuming my $100M estimate for bitcoin is correct, that means that a correspondingly secure burst network would have about 1200-1500pb.  So the question is how much energy that much storage would consume.

If someone is going down the route of judging entire HDD brands on Blackbaze's report, I suggest to read further up on the matter:

http://www.tweaktown.com/articles/6028/dispelling-backblaze-s-hdd-reliability-myth-the-real-story-covered/index.html