I gave up because it was too much hassle. Proof of space seems like a smart idea but the burst software is weird and horrible. That concept with easy to use software would be a decent altcoin.
Topic: Still mining burst? (Read 490 times)
I started mining in 2018 February and I got like 900-1000 burst after a month. 1k burst used to be worth around $35 and today after more than a year I nearly got 11k coins and it is $ value is still $35.
Bought 3 8gb brand new external seagates to mine. As you see I am not even close to get my ROI.
It was a bad investment. At least I can still use the HDD's for backup stuff.
Bought 3 8gb brand new external seagates to mine. As you see I am not even close to get my ROI.
It was a bad investment. At least I can still use the HDD's for backup stuff.
In burst there are so many difficulties and also I consider it now as not profitable now to mine. Try another crypto out there that has low difficulty for example like veil it has a low difficulty then it somehow profitable to mine and it's already in coinmarketcap.com.
Maybe someone will be useful information: soon will be launched fork of Burst. So far only testnet.
The bad thing is that the devs makes presale.
https://bitcointalksearch.org/topic/ann-boomcoinan-scalable-anonymous-currency-system-based-on-proof-of-capacity-5147634
The bad thing is that the devs makes presale.
https://bitcointalksearch.org/topic/ann-boomcoinan-scalable-anonymous-currency-system-based-on-proof-of-capacity-5147634
The issue with coins like Burst is that inevitably you will be competing with a ton of people that have access/work in data centers or have access to massive amounts of storage that might normally sit idle. Normally the free market dictates that if something is no longer profitable, people will quit mining and it will return to some sort of equilibrium. In this case though I think to actually make a profit you will need a lot of storage that has been pre-purchased for other uses
I used to mine it quite heavily with about 400 TB. Still holding about 300k of Burst hoping that one day it will bounce back at least a little.
I re purposed some of the drives for media storage (large RAID 60 array), and the rest of the drives are still sitting in my racks in Supermicro 846 chassis'.
I re purposed some of the drives for media storage (large RAID 60 array), and the rest of the drives are still sitting in my racks in Supermicro 846 chassis'.
I heard that it's really packed now. from what i heard it's not as profitable as before so consider if you should make any efforts in this direction at all.
maybe you'll switch to something else? of course you will be able to find a cheap way of doing it if you're really determined but just with less stress
you can mine more promising coins and gain even more than you could have done with burst.
maybe you'll switch to something else? of course you will be able to find a cheap way of doing it if you're really determined but just with less stress
you can mine more promising coins and gain even more than you could have done with burst.
I don't mine and don't own any burst; still the community has to know that there are some highly skilled people coding for burst, one of them is among the first ever 10 Bitcoin Miners and among the first to recieve Bitcoins ( @nixops on twitter).
Activity in burst is declining among cryptocommunity. What you can see on this map is that most nodes are concentrated in US and Germany. The situation even worsened because of Poloniex decision on Burst delisting. I've given up on burst mining roughly one year ago.
Now it becomes very crowded. i have already quit.
Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
The price is very sad and also the volume is quite down, the last time I mined it when playing dice at one gambling site, they provided a burst and I used it as a place to get an additional burst and the price was pretty good now I see it's different.
I remember this coin as 3rd crypto that I tried to mine. For me it's not even profitable or worth to mine, by that time I am still paying electricity and you can use this tool to calculate your profit: https://burstcoincalculator.com/ .
Is anyone still mining Burst? How cheap you need to get your storage in USD/Tb for it to be still profitable?
There's still a lot of people mining it, but not profitable anymore, maybe three years ago when mining through HDD generate a lot of interest because it is easy to mine Burst, but people are now shifting to other profitable coins to mine, like monero and other anonymous coins.
I remember mining it in mid 2016, had a few gpus at home and couldn't get more due to the heat. So I did the maths on burst and it's 18 months ROI on 8tb drives (were $160 back then). Made around $4k usd on 12 drives, selling 75% every week and holding 25%, then selling a bunch more at 7 cents. I still bag hold 90k burst, but stopped mining it. Sold a couple of drives for 100 usd.
The main issue of burst for long term mining is the reward reduction schedule. For Burst, block rewards decrease 5% every month. Projects like bitcoin ore, which was supposed to be HDD mineable just went silent. Lastly it's really labor intensive to get the drives all setup before it starts mining.
I would look into Storj or Sia to earn money on hard disks.
The main issue of burst for long term mining is the reward reduction schedule. For Burst, block rewards decrease 5% every month. Projects like bitcoin ore, which was supposed to be HDD mineable just went silent. Lastly it's really labor intensive to get the drives all setup before it starts mining.
I would look into Storj or Sia to earn money on hard disks.
Now it becomes very crowded. i have already quit.
Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
Thanks for sharing this, reading most of those replied only gives me an idea that there's nothing left for this coin, maybe you need to consider otherBurstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
coins around, you need to review and research every opportunities for this kind of investment.
Burst value nowadays is still far from its last time ATH, doing the calculations will help you to decide if you still wanted to consider mining this coin.
I think if you still want to get a huge profit then you don't do a mining burst, you try mining other coins that can generate a lot of profits. the current burst is not too good and the trading volume also has no significant movements.
I remember considering to mine burst some time ago. As I can recall, it didn't look profitable and there were other difficulties involved, so I gave up. Too bad, it would have been cool to try HD mining. There is a burst calculator I used to consult at the time. You can find it on this URL: https://burstcoincalculator.com/ It's the best that you do the math for yourself, but it still doesn't look profitable to me.
It was recommended to me four years ago because many people are mining it, but I did not go for it, I think it's much better than GPU mining because your HDD will not suffer and you can always sell your HDD easily then your GPU when you want to stop mining it.
Now it becomes very crowded. i have already quit.
Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
The price is very sad and also the volume is quite down, the last time I mined it when playing dice at one gambling site, they provided a burst and I used it as a place to get an additional burst and the price was pretty good now I see it's different. Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
Tried it before that bull run on 2017 and when the price hits up on $0.107 i do luckily able to sell it out but as expected with these new coins where
mining difficulty do rise up in the end which most likely to happen on all crypto in the market.Sooner or later factors like electricity/market price /difficulty
are the things that will take consideration either you will stop or go further.HDD mining is new to me so it spark my interest and tried it but now i have sold all of my
HDD to make some cashback with my investment
mining difficulty do rise up in the end which most likely to happen on all crypto in the market.Sooner or later factors like electricity/market price /difficulty
are the things that will take consideration either you will stop or go further.HDD mining is new to me so it spark my interest and tried it but now i have sold all of my
HDD to make some cashback with my investment
Now it becomes very crowded. i have already quit.
Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
Burstcoin Mining Return on Investment (ROI) Calculator
https://www.minesomeburst.com/mining-burstcoin-roi-calculator/
I think mining burst was successful in the past but I don't think it is anymore and I believe the project to not be that well because I have not seen any news about them from a long time.
It should still be available to mine though and you can mine it with your HDD.I don't know about how profitable it may be nowadays.
It should still be available to mine though and you can mine it with your HDD.I don't know about how profitable it may be nowadays.
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