Is burst coin dead?



  • One simply doesn't mine solo without hundreds of terabytes of storage these days.



  • @ZapbuzZ said in Is burst coin dead?:

    One simply doesn't mine solo without hundreds of terabytes of storage these days.

    That's the problem isn't it? Big miners control the coin (and still make very little), and small miners fight to make 10 cents a day. Cost of electricity for a small miner running a couple external drives fights to break even.

    Is the coin dead? I believe it is. I am still mining for the time being with the hope that maybe the price goes up, but as each day goes by I believe more and more the coin has little future. I am mining 20TB in a pool and average 40 burst per day -that's 38 cents. Abysmal. The price of burst has been pumped and dumped enough times people are wise to what's happening, further the dev team is a joke and known to be run by unsavory characters. Its reputation is in the gutter.

    It's all too bad. The coin would have been much stronger had smaller miners (say under 50TB) been able to make more and have more of a stake in the coin. It seemed like it was a good coin to mine, but things change.

    On the bright side I have hung on to my bitcoin and feel pretty good right about now. I would never ever invest bitcoin for burst as suggested above.



  • @ScreamIndevnull Maybe it would be good to do things and not wait for the burst alone.
    In the last 7 days with 8.2TB I have an average of something more than 40 burst and on a PC with which I am undermining ETH with the GPU and right now I am watching this video

    .

    As in all currencies alone mining with increasing difficulty is no longer profitable for small miners.

    To be dead I believe the price has increased by 100 satoishi in the last days.

    When I started here, if I remember correctly, 10.000 burst had a value of 6 dollars or something, and today 1000 have a value of almost 10 dollars, may not be profitable for you but from there to be dead is a lot





  • @ScreamIndevnull I mine with solo with 63TB and i forged 5 blocks in the month time which is around 8k burst.At current prices it is around 100$. I know there is a chance that in the next month I will forge null but taking in consideration how much energy hdd are taking i would say i still have profit.



  • i think that given the popularity of Burst newcomers need to decide to either invest in a proper multi terabyte rig or just have a plot on the desktop running in the background like a lottery if your lucky to win a block you win kind of thing. Mining isn't the only way into burst multiverse one can invest in shares and build a hedge fund. Money can be exchanged into burst using exchanges. Also, no ones stopping people front putting up store fronts and other vendor like activities look at where bitcoin has gotten.



  • @Yottaphat
    I have only 20TB, so there's a strong chance I could solo mine for a month and not win any blocks. I'm too concerned about that to be honest, I don't mind being in it for the lottery but I don't think it's even working at all because I keep getting errors like - passphrase does not match reward recipient, and if I mine in a pool there is no output in the console so no way to tell if its set up right or doing anything at all...
    I followed the guides exactly but that wasn't enough to get it working.
    Mostly I'm just frustrated because this coin is not as good as I thought it would be.



  • @Energy
    Good to see some stuff happening. Hopefully burst can make a comeback. Anyway, looks like all cryptocurrencies are dead today...



  • @MorganDoel3 two things, all the coins are coming down today but that does not mean that they are dead.
    Solo Mining is not profitable in any currency unless you invest a lot of money.

    With 20 TB that is about 700 dollars, if we spend that in GPU and want to solo mine bitcoin we would not find a block in life and I think ETH we would not find any block

    There are more than 1000 coins and almost none have services associated with that coin, even bitcoin if we remove the casinos, ponzis, faucets there are not so many services dedicated only to bitcoin, another thing are the stores that have added bitcoin as a system. payment, these already existed.
    It is not my intention to compare the bitcoin with the burst since the bitcoin has the advantage over all the coins that has been the first one.

    The other thing is about the error you say it gives you, if you have that error is that the configuration is wrong



  • @ZapbuzZ i disagree i mine with just 1,7tb of free space i have in my media center ive made just under 400 coins in a few months ( honestly dont know how many months beteen forks and pools being down )

    i have bought into an asset looking at a second one now and am looking to contribute to the burst community in my own way

    burst has alot of potenital if we can get threw the morons ddos us and the thives there are bugs to be worked out sure but if people want a quick buck and not have to hold on to a coin and roll the dice on it becoming valuable then perhaps a more established coin is for people

    me i like the people here ill invest in more space and if the coin does fail god forbid then ill find a use for any space it frees up

    im sure im not the only person who feels this way

    just tired of the people coming here complain they have to be a super miner or the Burst is dead comments if you feel these way then move on and let us do our thing and waste our own time and money if we chose to

    rant over probily went alittle off subject also



  • @Duncanvalen33 all i can say is if one isn't satisfied with payouts one must make more plots. I have 18 tb but i know its small now so I've decided to extend.



  • @Energy said in Is burst coin dead?:

    @MorganDoel3 [...]

    With 20 TB that is about 700 dollars, if we spend that in GPU and want to solo mine bitcoin we would not find a block in life and I think ETH we would not find any block

    OK let me put some real perspective here. Today you could buy 3 - GTX 1060 3GB cards. You could mine using nicehash and make $5 per day (I know because I mine with a number of them. Cost of electricity would be 7.5 KW/h per day, which for me would be $1.15 per day. Net profit of $3.85 roughly.

    Mining 20TB of burst on one of my machines earned 48, 28, 36, 31, and 46 burst. That averages 53 cents per day at today's price.

    How exactly is that a good deal?



  • @ScreamIndevnull said in Is burst coin dead?:

    @Energy said in Is burst coin dead?:

    @MorganDoel3 [...]

    With 20 TB that is about 700 dollars, if we spend that in GPU and want to solo mine bitcoin we would not find a block in life and I think ETH we would not find any block

    OK let me put some real perspective here. Today you could buy 3 - GTX 1060 3GB cards. You could mine using nicehash and make $5 per day (I know because I mine with a number of them. Cost of electricity would be 7.5 KW/h per day, which for me would be $1.15 per day. Net profit of $3.85 roughly.

    Mining 20TB of burst on one of my machines earned 48, 28, 36, 31, and 46 burst. That averages 53 cents per day at today's price.

    How exactly is that a good deal?

    When you tell me that this has to do with mining alone I answer you.

    Is that if I talk to you about cars and you talk to me about planes we do not get anywhere



  • okay so to summarize ,what i am getting out of this,
    Burst is like a car and Ethereum is like a plane, but the planes hash power runs on electricity, which is expensive and is going to crash into the tiny car.

    pretty sure that was the gist of it.!



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  • @Jaxblack I did not mean that, I was not comparing burst with etherum.

    What I wanted to say is that we were talking about 20 TB is not enough to solo mining.

    But this is normal in all currencies that have been on the market for several years and have a high difficulty.
    If you put mines bitcoins with 3 GPU in solo mining, is to throw the money as it is practically impossible to find any block.

    That's why I say that talking about profitability or talking about the possibility of finding a block are different things.



  • OK so what you are saying is investing 8X the money would net you the same profit? OK I will buy that.

    My point is do not make unfounded claims that mining on video cards is a loser, when it clearly is not. Had I invested the $700 into 3 more 1060s (would have bought me 4 back then) back when I got into burst I would have made WAY WAY more money and profit. That's the reality. You can't prove or convince me otherwise.

    All I have now is the hope that somehow burst increases in value by 10x to make some real profit. I won't hold my breath.



  • @ScreamIndevnull how do you earn only 40-50 burst avg per day? my asset mines with 24tb and it nets around 500-600 per week. which is around 71-85 burst per day O_O wheres the luck at for you?



  • @ScreamIndevnull and give him that if you want.

    Tell me how many blocks would you find with those 3 GPUs with the solo mining ??? 0, is what we are talking about.

    If you want to talk about what you say, I can tell you that right now in Spain maybe it would cost me 3 times more than you the electricity and that without counting the cost of the electricity from the ventilation system since it is summer and produce an unbearable heat and right now I can not have a dedicated space for them so they are in the room where I have the PC, so the only one who talks with unfounded data is you since you only consider what it costs you and you do not see that for others the costs can be higher.

    What we talked about here, with 20TB right now it is very difficult to find a block, not impossible, with 3 GPU it is impossible to find a bitcoin block, so it does not matter as one coin is worth a thousand times more than the other if you do not find any block 2 are worth the same, 0

    Next recommendation, do not trust the ones that say this pool is better than this, my experience tells me that you have to try them all and look for the one that best suits your conditions, because I see what they say around here that is achieved with 20TB and I was amazed since I with 8TB the last month I found 2 blocks and the last 9 days I had an average of 55 burst.
    Here you can see the data so that it is not said that I lie https://explore.burst.cryptoguru.org/account/14457743590057598946



  • @Energy said in Is burst coin dead?:

    @ScreamIndevnull and give him that if you want.

    Tell me how many blocks would you find with those 3 GPUs with the solo mining ??? 0, is what we are talking about.

    If you want to talk about what you say, I can tell you that right now in Spain maybe it would cost me 3 times more than you the electricity and that without counting the cost of the electricity from the ventilation system since it is summer and produce an unbearable heat and right now I can not have a dedicated space for them so they are in the room where I have the PC, so the only one who talks with unfounded data is you since you only consider what it costs you and you do not see that for others the costs can be higher.

    What we talked about here, with 20TB right now it is very difficult to find a block, not impossible, with 3 GPU it is impossible to find a bitcoin block, so it does not matter as one coin is worth a thousand times more than the other if you do not find any block 2 are worth the same, 0

    Next recommendation, do not trust the ones that say this pool is better than this, my experience tells me that you have to try them all and look for the one that best suits your conditions, because I see what they say around here that is achieved with 20TB and I was amazed since I with 8TB the last month I found 2 blocks and the last 9 days I had an average of 55 burst.
    Here you can see the data so that it is not said that I lie https://explore.burst.cryptoguru.org/account/14457743590057598946

    I'm pretty sure he is comparing the cost of 3 GPUs to mine on nicehash vs that same amount of cost to purchase TBs of HDD space, no? Of course you can't hit any blocks with a GPU, duh :)


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