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



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

    EDIT: I just don't agree with you that something is doomed to fail since the start, it all depends on how it's managed?!

    But an asset based SOLELY on burst mining is what I meant. I offered an option and a solution for it to be in a market service instead of an asset. That's my argument here. :)\xD



  • @jervis How is that better?
    By my perspective if you sell it in the marketplace it would be like renting the space (and i don't see it as so good investment as if it is an asset), otherwise (if you are selling instead of renting) it would be like an asset that you simply can't sell it back to no one. And if you do an asset from it you are basically selling the space and give investors a way out anytime they want (well depending on the AE volume of this asset)...

    Maybe i am not understanding your concept of selling it in the marketplace, buddy...



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

    When small miners are not able to Mine Burst anymore .... It means BURST is growing :)
    No Doubt Mining Farms & Cloud Mining is the Future for any Crypto Currency & if BURST is witnessing Mining Farms .... then it is on the Right Track !

    That's how I see it too! The network security will become more secure as well, which is good. Of course it is nice for small miners to be able to earn a nice payout for as long as possible in the beginning, but all (successful) cryptos reach a stage where an upgrade is necessary in order to stay in the game. Mining is only one aspect of a crypto currency though, I mean, we don't complain about not being able to mine fiat, we just trade them for things, don't we? Being able to mine is simply a luxury because we are early adopters of future mainstream currency, not a right. Nonetheless, I still reckon people will be able to mine a fair few burstcoins for a long time to come, even small miners. If people want to upgrade, it is not expensive to buy HDDs compared to ASICs.

    People who are worried about Burst price, and who do not know how they can contribute to increasing it, should immediately read up on a guide such as this https://www.cryptocompare.com/mining/guides/how-to-build-an-ethereum-mining-rig/ where they will learn how to build their own altcoin GPU rig. Then, you can sell your mined altcoins and buy Burst. Black Friday/Weekend and Cyber Monday is an excellent chance to get your equipment at a discounted price. I just did.



  • @gpedro As I said before, I don't want to sound condescending so I won't explain further. But, if you do the math and look at the perspective of selling an asset SOLELY on burst mining, it would reach a peak height, plateaus and then fall down like a bacteria's life cycle.

    Well, maybe I'll say a little xD. Say if you sell this for 100 Burst per share. And then the mining goes a boom! The AE opens. Shareholders buy and sell. Value goes up to 1000 Burst per share after a period of time.

    THEN, the mining reward goes down because of reasons that we all know and I don't have to explain it here. Asset Issuer pay LESS and LESS and LESS and LESS to shareholders. What do you expect from the shareholders? Do they still want to buy 1,000 Burst per share of the asset that pays LESS and LESS and LESS as time goes by? Or Do shareholders like to buy an asset that works and opens up an umbrella company like (Hilton and Pfizer or Google and Facebook (?)) ? These companies work their way to improve the value of their shares or at least make it steady opposed to just PURE mining assets which the dividends goes LESS and LESS overtime.

    I don't know if people see the way I perceive things or I'm just too damn unique for this. I see myself as a non-unique person. I'm just a regular Joe who's just a realist living in a real world.

    XD



  • @jervis I see what you mean but by my perspective you will sell the shares at a medium price of the total amount invested when you are developing the asset right?

    Then after the Asset shares are all sold the free market starts as you well said and because of (usually this kind of assets have) the reinvesting percentage, the value on the free market rises as the amount invested because this reinvesting amount is backing that grown (with more hardware).

    Then when the reward per block is lower, the price start decreasing (or not because the reivesting amount can be enough to maintain the value of the shares, depend on the dimension of the (re)investment, but for the sake of this line of thoughts let's imagine that the reinvestment is not enough to support the difference in the reward per block or/and difficulty increase), then the price of each share start decreasing but if it no longer worth the investment you reach that phase of the safety net that i talk about, what in this cases usually means resell the hardware and repay the shares on the market with the amount collected from the resell of the hardware...

    Now regarding renting on the Marketplace, if you rent the space you have much more possibilities of not having your costumers happy because the lucky factor on mining, unless you do long term rents... Don't forget that they can have a 1Pb farm and have the unlucky of have a really bad week and not hit the amount of blocks expected and let's say you are renting 1Tb per 500 BURST per week...
    As of today, 1Tb supposetly deliver to you 593BURST per week so you are basically offering an expected ROI of 118% per week but the possibility of you being unlucky is bigger, making really hard to figure it out a good price for you to be renting the 1Tb amount of mining power...

    Now let's say that instead of you rent per week you rent per 6 months, the biggest difficulty of calculate a good price for your 1Tb sell is even harder because it's much more unexpected to calculate the difficulty increase on the network, although the lucky factor in this case don't matter much...

    This is the reason i think an asset is much better, just because if you are renting your space in the marketplace there is much more difficulty in do the correct calculations (what can cause people to think you (hypotetical you lol) are a SCAMMER and think that those mining cloud contracts that are SCAMs exist in this coin too, bringing bad reputation to all the community) and delivery a steady and fair deal for your costumers/investors...

    This are my two cents...



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

    Now let's say that instead of you rent per week you rent per 6 months, the biggest difficulty of calculate a good price for your 1Tb sell is even harder because it's much more unexpected to calculate the difficulty increase on the network, although the lucky factor in this case don't matter much...

    I get you bud. I really do. But do you think that releasing this as an asset will be an easy calculation? And maybe we should take out the possibility of this as being a scam just because this is Adam. So, let's scratch that out. Let's just focus on the issue at hand.

    Also, if we stick to the whole exit strategy of selling the rigs and paying off the investors, it's like scamming the latest investors by that time, right? It's all right for the pioneers because they have already gained too much but what about those new guys who bought shares from other shareholders? Let's say they bought their shares for 1000 Burst but then the value of the buyback would be 50 burst. Does that feel good or does that feel you're being scammed too?

    A market would be good for this, in my POV, just because it always deals with what's NOW. The present. A cloud mining or a physical mining is a service and should only be used as a buffer and not a solo gig for an asset. As history has taught us all, when mines were exhausted/halted in the western states, it's the businesses in that area that remained up to this day and only those who own big mines who invested in other businesses are the ones that stayed up until now. Sugar Beets is a good example of that.

    Anyways bud, we could do this whole day or night, it's just our perspectives. Whatever happens next, relies on the beholders. Have a great night bud. :)



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

    Let's say they bought their shares for 1000 Burst but then the value of the buyback would be 50 burst. Does that feel good or does that feel you're being scammed too?

    If there was a buyback and it was at 50BURST a piece i would feel SCAMMED of course... But my point was that if the price of the free market reaches 1000 BURST is in theory because Mining_hardware_value=1000*Total_number_of_shares, that or the demand for shares of this asset was so hight that the price reached 1000 Burst a piece. So my point is that in the first case at that point in time the resell of the hardware should be enough to have a buyback of at least 900 Burst a piece (10% lost in transactions between resell and exchanges)... In the second case who buyed at 1000 BURST buyed at a really bad point in time... It is kind of the ones that buyed BURST at the highest price that we ever hit, so if they did it without knowing what they were doing or they did it knowing the risk they were getting...

    For me the releasing of this as an asset is simple in terms of calculations:
    Total value of Hardware in BURST/Total # of shares = initial price
    the asset have to be released in batches unless the issuer wanted to have his return of investment immediately in BURST, if so all shares should be at the same price...
    Then imagine that the amount collected is reivested in hardware, (what i would not recommend because it would create a dump in price) then the value per share grows taking into account the current value of total holdings of the asset... Instead of reinvesting in hardware i would recommend that the amount collected was reinvested in assets because it would increase the capitalization of BURST and the AE volume of trades?!

    I agree that we could be here until tomorrow and we would had to agree on disagreeing on this buddy... But i really think in the marketplace as a place to sell goods and services but i would not consider mining as a service by the same perspective than you just because when i am buying something i like to know what exactly i am buying, and if i am doing an investment imho that belong to the place where negotiations happen wich in this case is the Asset Exchange but i get your points and i think you get my points too so i guess you will have to agree in disagreeing ;D



  • Yes Please info on the cost of Asset



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  • I seen the projected burst income calculated till we mine just tax fee. The figures just dont add up! Burst would probably have to triple in price after assets are sold to even come close to paying for the operation and paying out to investors. 1 PB is what 10tb x 100 or 8tb x 125 thats a big chunk of change! If I had the resources this is taking I would of helped burst differently.



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

    The figures just dont add up!

    They do not add up, since the specifics have not even been made public, what we have here is a thread full of speculation at it's finest.

    alt text



  • If you really wanted to help the burst community by mining burst. Why dont you mine with 100tb at 10 pools and sell those as assets.



  • Dunno what to say....
    Why are many people scared of this upcoming Giant baby? (including me, maybe) :)
    But, I'm sure everything is good, and everything will be fine.



  • @AdamGuerbuez Maybe if you were told all the specifics in the beginning or just kept quite till it was done would of been better.



  • A few words if i may.... a theory :

    This point in the life of BURST was unavoidable. This is a good sign actually if you stop and think about it and if you bare with me for a sec, i will explain why and how everyone benefits from it.

    Bitcoin's rise in power was only when it started being mass-adopted, when goliath size mining farms started to pop up, when new mining tech dedicated to it was born (ASIC) . When all this happened, BTC became the king of crypto, the backbone of all exchanges and a few coins as well (about 350 coins) . Why am i listing facts we all know? Because there is a similar pattern forming with BURST.

    Small individual mining was only going to work out for so long, because even if we didn't have these massive farms coming soon, the ever-expanding comunity would have led to the same result. If 1000 people mine with at least 100 GB of their HDD space, you already have yourself 100 TB of power. Now what if 5000 people mine? 500 TB right?
    ... ok and now picture this : 5000 people mining with anything between 100 GB and 10 TB . That's a lot of mining power huh? And guess what? In this case as well, the small miners will get next to nothing. It can't be avoided.

    BUT we have something that BTC doesn't : ASSETS ! Why is this good for us?

    Let's take Adam's farm for example. What he is building now and the way it will be distributed to all is the equivalent of BTC cloud mining, is it not? What sets this apart from BTC cloud is that our mining assets have a cool twist to it : money from payouts is held back so that the mining venture can expand constantly, which means that unlike BTC clouds, your investment never diminishes in value or returns.

    How many of us have tried BTC cloud mining? I think all... how many of us ROI'd and even made a profit? Too few. How many have been able to sell off their mining shares at any time without being locked in for 1-5 years , and even after that period we couldn't sell because the ''contracts'' expired?

    With BURST mining ventures, you don't have ''contracts'' that expire. Your investment never diminishes in value, and odds are that it will do nothing but increase. And the fun part is that i can prove it ! Who here has been with @crowetic and his asset BSILVER since the beginning, or not even, who had shares in his asset for the past 4-5 months? Yeah, did you notice what happened there? Not only everyone got nice returns, but the shares value increased a ton, the venture is bigger than ever and ever growing, and you have high liquidity in the market if you want to back out at any point.

    Now, given what i just exemplified about BSILVER, i need you to picture scenario no 2 : you bought a 4 TB disk and plotted, started mining but you want to keep up with the ever-increasing difficulty of mining and not have your returns diminished. How do you solve that? Do you take a part of your profits like the big mines do and reinvest into buying more gear? That would be the logical solution. But, with just 4TB mining, if you chip off a bit at the end of the month to increase your mining power, all you will afford to buy is a USB stick... and not a big one.
    And there's more. What if you run into a bit of financial trouble and need a bit of money? Do you go and sell off your HDD after just a few months of usage at a 50% loss?

    A mining farm solves all those problems i just pointed out. You don't need to buy that USB stick at the end of the month, because the asset issuer will do it for you. You don't need to spend time plotting and setting everything up. And best of all, if/when you need to get out quick due to whatever reason, you simply get to sell your shares on the market and have it instantly!!!

    So yeah, as much fun as it sounds to buy your own HDD and set it up, it's unpractical on a small scale at this point. That money you would spend on that HDD you could simply take and buy shares in the mining farms we have now and ones that will be built. It's easy, it's fast, it's convenient, it's so fucking simple. And not only that, but you know what? You're actually helping BURST by doing this. How?

    When you want to buy shares, you need BURST. You buy your coins off the market. You provide liquidity and price stability. When the mining asset manager needs to pay out, they as well need BURST, and again they provide liquidity and value .

    IF we all just mine for ourselves and then dump the BURST we mined on the market, we do nothing but drive the price down. Mining farms are a way to avoid this. You want more mining power for yourself and want to buy it with the BURST you made last month from mining? No problem! You don't have to sell that BURST for BTC, convert that BTC into USD , buy the equipment, wait for it to be shipped, wait to have it plotted, start mining and always keep watching to make sure all is working properly. Buy buying shares into the farms, you've just shortened this process from days/weeks all the way down to INSTANT. The moment you bought a share, that moment your money starts making more money and you don't have to do shit about it! Just sit back and watch the dividends come.

    Now for another perspective: why are these farms so beneficial for us except for ease of use?

    Well, one could argue because they are fucking massive and ever-growing, but also the fact that each one of these ventures brings something extra to the table. There are no 2 assets alike. I'll give you 3 examples of the top of my head. Look at them for a sec : BSILVER, IBmining, BURSTOCEAN . All 3 are mining assets, yet they are all special and different in their own way.

    And let me point out one major financial reason to why these things are a blessing to us: BIG money is starting to be made in BURST. More and more each day. Big money brings investors, brings businesses to us. It brings opportunity, new ways of earning, new projects, new talent, new value. Just look at the explosion of BURST in the past 6 months. How much cool shit went down, and how much more is to come. We have REAL LIFE BUSINESSES waiting to join this community (stay tuned for more details) . The BURST AE alone has the potential to be the crypto New York Stock Exchange. Shall i point out the crowdfunding and other cool stuff this platform offers?

    So to sum it up, these things are nothing but a blessing to us all. You just need to look at these things from a different perspective. And i understand that many have bought their own HDDs and mine with them and feel threatened . Shit, i have as well, but i realized i can't avoid it and that it's for the better. People who bought a ton of GPU and block eruptors in BTC got screwed a bit as well... so i say embrace the change, and support it. Change is scary, but good and necessary.

    DISCLAIMER : what i just said here is my point of view. You can agree or not :)

    PS: don't worry, projects are coming that will make use of even 1 GB of your free HDD space, just give them a bit of time to be completed.



  • @nameless If I could upvote your post multiple times I would do it. Hats off to you sir.



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

    So to sum it up, these things are nothing but a blessing to us all. You just need to look at these things from a different perspective. And i understand that many have bought their own HDDs and mine with them and feel threatened . Shit, i have as well, but i realized i can't avoid it and that it's for the better. People who bought a ton of GPU and block eruptors in BTC got screwed a bit as well... so i say embrace the change, and support it. Change is scary, but good and necessary.

    Evolution indeed. The truth is, If you can't beat 'em, Join them.



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

    A few words if i may.... a theory :

    This point in the life of BURST was unavoidable. This is a good sign actually if you stop and think about it and if you bare with me for a sec, i will explain why and how everyone benefits from it.

    Bitcoin's rise in power was only when it started being mass-adopted, when goliath size mining farms started to pop up, when new mining tech dedicated to it was born (ASIC) . When all this happened, BTC became the king of crypto, the backbone of all exchanges and a few coins as well (about 350 coins) . Why am i listing facts we all know? Because there is a similar pattern forming with BURST.

    Small individual mining was only going to work out for so long, because even if we didn't have these massive farms coming soon, the ever-expanding comunity would have led to the same result. If 1000 people mine with at least 100 GB of their HDD space, you already have yourself 100 TB of power. Now what if 5000 people mine? 500 TB right?
    ... ok and now picture this : 5000 people mining with anything between 100 GB and 10 TB . That's a lot of mining power huh? And guess what? In this case as well, the small miners will get next to nothing. It can't be avoided.

    BUT we have something that BTC doesn't : ASSETS ! Why is this good for us?

    Let's take Adam's farm for example. What he is building now and the way it will be distributed to all is the equivalent of BTC cloud mining, is it not? What sets this apart from BTC cloud is that our mining assets have a cool twist to it : money from payouts is held back so that the mining venture can expand constantly, which means that unlike BTC clouds, your investment never diminishes in value or returns.

    How many of us have tried BTC cloud mining? I think all... how many of us ROI'd and even made a profit? Too few. How many have been able to sell off their mining shares at any time without being locked in for 1-5 years , and even after that period we couldn't sell because the ''contracts'' expired?

    With BURST mining ventures, you don't have ''contracts'' that expire. Your investment never diminishes in value, and odds are that it will do nothing but increase. And the fun part is that i can prove it ! Who here has been with @crowetic and his asset BSILVER since the beginning, or not even, who had shares in his asset for the past 4-5 months? Yeah, did you notice what happened there? Not only everyone got nice returns, but the shares value increased a ton, the venture is bigger than ever and ever growing, and you have high liquidity in the market if you want to back out at any point.

    Now, given what i just exemplified about BSILVER, i need you to picture scenario no 2 : you bought a 4 TB disk and plotted, started mining but you want to keep up with the ever-increasing difficulty of mining and not have your returns diminished. How do you solve that? Do you take a part of your profits like the big mines do and reinvest into buying more gear? That would be the logical solution. But, with just 4TB mining, if you chip off a bit at the end of the month to increase your mining power, all you will afford to buy is a USB stick... and not a big one.
    And there's more. What if you run into a bit of financial trouble and need a bit of money? Do you go and sell off your HDD after just a few months of usage at a 50% loss?

    A mining farm solves all those problems i just pointed out. You don't need to buy that USB stick at the end of the month, because the asset issuer will do it for you. You don't need to spend time plotting and setting everything up. And best of all, if/when you need to get out quick due to whatever reason, you simply get to sell your shares on the market and have it instantly!!!

    So yeah, as much fun as it sounds to buy your own HDD and set it up, it's unpractical on a small scale at this point. That money you would spend on that HDD you could simply take and buy shares in the mining farms we have now and ones that will be built. It's easy, it's fast, it's convenient, it's so fucking simple. And not only that, but you know what? You're actually helping BURST by doing this. How?

    When you want to buy shares, you need BURST. You buy your coins off the market. You provide liquidity and price stability. When the mining asset manager needs to pay out, they as well need BURST, and again they provide liquidity and value .

    IF we all just mine for ourselves and then dump the BURST we mined on the market, we do nothing but drive the price down. Mining farms are a way to avoid this. You want more mining power for yourself and want to buy it with the BURST you made last month from mining? No problem! You don't have to sell that BURST for BTC, convert that BTC into USD , buy the equipment, wait for it to be shipped, wait to have it plotted, start mining and always keep watching to make sure all is working properly. Buy buying shares into the farms, you've just shortened this process from days/weeks all the way down to INSTANT. The moment you bought a share, that moment your money starts making more money and you don't have to do shit about it! Just sit back and watch the dividends come.

    Now for another perspective: why are these farms so beneficial for us except for ease of use?

    Well, one could argue because they are fucking massive and ever-growing, but also the fact that each one of these ventures brings something extra to the table. There are no 2 assets alike. I'll give you 3 examples of the top of my head. Look at them for a sec : BSILVER, IBmining, BURSTOCEAN . All 3 are mining assets, yet they are all special and different in their own way.

    And let me point out one major financial reason to why these things are a blessing to us: BIG money is starting to be made in BURST. More and more each day. Big money brings investors, brings businesses to us. It brings opportunity, new ways of earning, new projects, new talent, new value. Just look at the explosion of BURST in the past 6 months. How much cool shit went down, and how much more is to come. We have REAL LIFE BUSINESSES waiting to join this community (stay tuned for more details) . The BURST AE alone has the potential to be the crypto New York Stock Exchange. Shall i point out the crowdfunding and other cool stuff this platform offers?

    So to sum it up, these things are nothing but a blessing to us all. You just need to look at these things from a different perspective. And i understand that many have bought their own HDDs and mine with them and feel threatened . Shit, i have as well, but i realized i can't avoid it and that it's for the better. People who bought a ton of GPU and block eruptors in BTC got screwed a bit as well... so i say embrace the change, and support it. Change is scary, but good and necessary.

    DISCLAIMER : what i just said here is my point of view. You can agree or not :)

    PS: don't worry, projects are coming that will make use of even 1 GB of your free HDD space, just give them a bit of time to be completed.

    A very sad truth... I have to agree with most of your points.
    Like it or not, we have to face this situation. And the best thing is, the Giant is truly a gentle giant which we can only find in Burst-world, not in other cryptos.



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

    Bitcoin's rise in power was only when it started being mass-adopted, when goliath size mining farms started to pop up, when new mining tech dedicated to it was born (ASIC) . When all this happened, BTC became the king of crypto, the backbone of all exchanges and a few coins as well (about 350 coins) . Why am i listing facts we all know? Because there is a similar pattern forming with BURST.

    There's definitely a similar pattern forming with Burst. Also, I find it interesting that there are many people new to crypto that first come to Burst, and then later learn about Bitcoin, blockchain and "stuff like that". :)



  • @nameless Kind of what i've been trying to say LOL Thanks for saying it more clearly than i did ;D


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