A New Massive BURST Mining Operation To Hit the community Soon!



  • @LithStud Perhaps at this stage there's no point (due to limited storage for phones). However, when external storage for the android app becomes supported down the road, think about all the possibilities. USB OTG and an external 8TB hard drive for a power-sipping phone or an Android TV with USB support (I've got an Nvidia Shield with 2 USB 3 ports just waiting for this to be implemented). These ARM-based devices use way less power than our typical computer mining set ups. Once external storage options are implemented, android mining will become viable (and I'd argue better than PC mining). I'm confident this will be implemented soon. Thanks to @daWallet , @IceBurst and everyone else involved in the Android app development:) Stay optimistic!



  • @vier23 i dont say its not viable , i say its not cost effective down the road :P also the arguments were "all those ppl using there phones to mine" not android os with attached external storages (basically a mining rig)



  • @LithStud Ahh I see. Yes, I do agree it's not cost effective at this point (due to the limited storage). It's still quite cool though and something that just isn't possible with other crypto out there. Android-based "mining rigs" though (whether it be Android TV devices or android phones with USB OTG support or tablets) with external storage should be very cost effective. Definitely looking forward to that:)



  • @vier23 you will save on power consumption (TV has ~50-80W i think) but still need to invest into HDD. So it all depends how much you can get out of it will it still be enough to cover electricity (on pc i run burst mining just because i run it for other stuff (asset wallets, some other coin gpu mining)) and be able to sell those HDD (or have a use for em later).

    I always urge to do a bit of math, i would rather people come in and stay than get into minus. Thus my reasoning of buying burst and trying to invest it or just straight stashing.

    As long burst keeps its price stable i will be happy. So you can say that stability of coin is my only concern.



  • @LithStud My Nvidia Shield uses 3.6W and 19W depending on idle or gaming (according to Anandtech lol). I'd expect mining to fall somewhere in between that. TV would not be on, just the TV box. With regards to HDDs, I've already invested in the HDDs so I'd just be moving them over to a lower power consuming device, which is why i'm excited for this feature:) I've only been running my pc 24/7 for burstcoin, otherwise I typically only have it on for a few hours/day (I work a lot). If your computer is on anyways, then yes, might as well burstcoin mine on pc!

    It's definitely important to do the math to see what makes sense. Everyone's situation will be different.

    Agreed. I'll be happy as long as the price is stable as well!



  • Just one thing that will make this community live and that is real world application. Even if we all mine with gazillions of capacities, if there's no real world application, this coin will die. Invest in other things other than just mining. Mining income will sure go down when these monsters go online. You have to balance your investments. It's always great to invest in your mind first. :)



  • CURIOSITY KILLED THE CAT!

    Raising eye brows...



  • @LithStud said in A New Massive BURST Mining Operation To Hit the community Soon!:

    sorry i will have to disagree with you on this. If and i mean IF burst gets real expensive (cant see it more than 1B = 1cent) how long do you think you will need to mine to get that, and mining on phone is just needless drain on battery (proccess has to be awake) that i am having problems as is. I see this overoptimistic view about crypto currency pretty much in every community, sadly real world applications so far is scarce and i would say fairly expensive to implement or unnecessary hard to use.

    That's OK, disagreeing is usually an important aspect of a conversation. :) I have not done an advanced math draw-up on this, so I simply cannot answer you in detail. Maybe you are able to do an analysis based on android mining without external equipment attached, power draw and profitability? What do you base your 1 Burst = 1 cent on?

    I don't think that the power drain from mining on your phone is larger than having your screen on (someone please correct me here if I am wrong). Therefore, I do not think small scale mining on a phone that you are already using is particularly expensive in the long run. Even if it takes a month to earn a few dollars, there are plenty of people who are willing to walk that extra mile if they know the opportunity exists.

    Obviously we need more real world application, ease of use and inexpensive ways of getting involved in order to appreciate the value. The concept of crypto currencies in general is still maturing in the mainstream mind, so there is huge potential for fresh money to enter the crypto markets. Nobody knows the future though, but I am fairly optimistic about crypto, because it simply has so much to offer in terms of transparency, efficiency, security and so forth. Burst mining is not expensive, and never has been, because most people already own unused storage, which makes it almost free. @haitch Could you please give a link to where you posted some details about power draw from mining?


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  • @haitch Thanks! I will just quote you here, for the people who are curious about the power cost of mining Burst:

    @haitch said in Real questions, real person:

    @TurtleWinsRace I'm not sure where you're getting your calcs from, but lets take one of my accounts as an example. It has 100TB across 24 drives.

    Drive power usage while mining is 8 W (higher than actual, but lets work with 8)
    When the drive is idle it's using 4W.

    Coin round time averages 4 minutes, and mining = 1 minute - so average watt usage = ((1 * 8) + (3 * 4)) / 4 = 5W average/drive.

    Which is 200 hours to get a kilowatt hour (which costs $0.15 here) so 24 (hours) /200 * 0.15 (cost per KWh) = $0.018/drive/day

    So running those drives while mining costs me almost 2 pennies per drive, or in my case for 24 drives - $0.43/day.

    However those 100TB earn me around 12,000 Burst = 0.01428 BTC = $8.73 - giving me a profit after expenses of $8.30.

    Not exactly a loss.



  • @Propagandalf dont forget to add idle PC power ~100W (may wary, depends on system - mine does around 150W with monitors turned off)


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    @LithStud My Miners would be on 24x7 anyway, so this is the differential cost.



  • @haitch not everyone can mine 24/7 :) and definetly not everyone mines something else. So mining just BURST isnt a great way you need to couple it with something else (crypto mining, pos wallets that needs to be constantly on, server for webpage, dont know other reason to leave it :) )



  • @LithStud said in A New Massive BURST Mining Operation To Hit the community Soon!:

    @haitch not everyone can mine 24/7 :) and definetly not everyone mines something else. So mining just BURST isnt a great way you need to couple it with something else (crypto mining, pos wallets that needs to be constantly on, server for webpage, dont know other reason to leave it :) )

    Well not everyone mines 24/7 ... But u don't need to mine other coin while mining Burst .... You can also mine Burst while surfing, working, playing game on your PC :)



  • @Castiel said in A New Massive BURST Mining Operation To Hit the community Soon!:

    @LithStud said in A New Massive BURST Mining Operation To Hit the community Soon!:

    @haitch not everyone can mine 24/7 :) and definetly not everyone mines something else. So mining just BURST isnt a great way you need to couple it with something else (crypto mining, pos wallets that needs to be constantly on, server for webpage, dont know other reason to leave it :) )

    Well not everyone mines 24/7 ... But u don't need to mine other coin while mining Burst .... You can also mine Burst while surfing, working, playing game on your PC :)

    Indeed, it's the coin for everyone! Even mine in the background of your android phone, burst is making huge leaps into the realm of mainstream, we are all a part of something great here, in it's infancy.



  • @AdamGuerbuez I agree with you Sir !

    @All Remember nothing comes for free (except for coins from faucets :P)
    Today value of Burst is 72 Satoshi .... Probably 5 Years down the Line it might jump to 1 BTC
    All you have to do is believe in the Coin & community & hold it till the right time comes...

    Right now most people are focusing on the investment made to earn Burst & comparing it with its Current returns... But you yourself are lowering its Value/Returns by dumping the coin at exchanges. Its a simple Demand vs Supply logic which affects the value of the coin which you need to understand. Apart from monetary Investment, there is one more Investment which you are missing here.... TIME !

    Also don't be dependent on Asset Exchange, open your own websites & make Burstcoin more public. You are limiting the power of Burstcoin by limiting it to Asset Exchange Only. Even though it is easy, but not everyone (most of the people) prefers it.



  • @Castiel said in A New Massive BURST Mining Operation To Hit the community Soon!:

    @AdamGuerbuez I agree with you Sir !

    @All Remember nothing comes for free (except for coins from faucets :P)
    Today value of Burst is 72 Satoshi .... Probably 5 Years down the Line it might jump to 1 BTC
    All you have to do is believe in the Coin & community & hold it till the right time comes...

    Right now most people are focusing on the investment made to earn Burst & comparing it with its Current returns... But you yourself are lowering its Value/Returns by dumping the coin at exchanges. Its a simple Demand vs Supply logic which affects the value of the coin which you need to understand. Apart from monetary Investment, there is one more Investment which you are missing here.... TIME !

    Also don't be dependent on Asset Exchange, open your own websites & make Burstcoin more public. You are limiting the power of Burstcoin by limiting it to Asset Exchange Only. Even though it is easy, but not everyone (most of the people) prefers it.

    For Burst to be worth 1 BTC you're looking at a trillion dollar valuation of Burst. I think $.01 for Burst is a lofty yet still possible valuation of Burst.



  • @nox said in A New Massive BURST Mining Operation To Hit the community Soon!:

    @Castiel said in A New Massive BURST Mining Operation To Hit the community Soon!:

    @AdamGuerbuez I agree with you Sir !

    @All Remember nothing comes for free (except for coins from faucets :P)
    Today value of Burst is 72 Satoshi .... Probably 5 Years down the Line it might jump to 1 BTC
    All you have to do is believe in the Coin & community & hold it till the right time comes...

    Right now most people are focusing on the investment made to earn Burst & comparing it with its Current returns... But you yourself are lowering its Value/Returns by dumping the coin at exchanges. Its a simple Demand vs Supply logic which affects the value of the coin which you need to understand. Apart from monetary Investment, there is one more Investment which you are missing here.... TIME !

    Also don't be dependent on Asset Exchange, open your own websites & make Burstcoin more public. You are limiting the power of Burstcoin by limiting it to Asset Exchange Only. Even though it is easy, but not everyone (most of the people) prefers it.

    For Burst to be worth 1 BTC you're looking at a trillion dollar valuation of Burst. I think $.01 for Burst is a lofty yet still possible valuation of Burst.

    So you don't think that is possible ? People did have a similar approach for Bitcoin & you can see where it is today.
    Remember one thing.... Lower limit is always set to ZERO but there is no upper limit for Growth.
    So think BIG ... Make BIG & Get BIG :)



  • Slowly but surely, the operation is being built.. This shit is a little more time consuming than building a lego kit. Here is a little peek at construction in progress, still plenty of work ahead.

    alt text



  • @AdamGuerbuez Cool setup man. Diggin it.


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