A New Massive BURST Mining Operation To Hit the community Soon!
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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.
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@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.
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@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 :) )
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@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 :)
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@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.
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@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.
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@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.
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@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 :)
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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.
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@AdamGuerbuez Cool setup man. Diggin it.
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@AdamGuerbuez Cool man
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@AdamGuerbuez Nice man! Do you have a tentative timeline for your asset release by any chance?
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@AdamGuerbuez Are you doing a time lapse of the build? It would make for excellent viewing on youtube.
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@iKnow0 said in A New Massive BURST Mining Operation To Hit the community Soon!:
@AdamGuerbuez Are you doing a time lapse of the build? It would make for excellent viewing on youtube.
Oh dayum... what a sweet idea, but no I didn't, I should have though , oops. hehe. I will make a cool video though showing all the insane components (whats inside that big case is pretty intense and the plotting boxes omg, like totall insanity in those (not in that photo) but we are talking like 256 of ram in each, multiple cpu's (insane top of the line ones) and more and more. If I am overseeing an operation, it's gotta be done like a rockstar, no cutting corners, no cheaping out and no scaling down! Things have to be done right or they can not be done at all :)
Glad you guys are liking that peek though.
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@vier23 said in A New Massive BURST Mining Operation To Hit the community Soon!:
@AdamGuerbuez Nice man! Do you have a tentative timeline for your asset release by any chance?
No, not there yet, it will be swiftly delivered when it is. A real big black friday style door crasher with everyone tryin to get some! hehe.
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@AdamGuerbuez Still think this is bad for burst as a whole. Its like adding another ninja pool with miners to the system which means less blocks for other pools. My pool has a lot of new miners and people that are just starting off so what does less burst mean to them. Some will quit and some will invest but wouldnt be better if all stayed. I believe when mining farms like yours show up it will drive bust down. If you were mining another coin and paying out burst it would help raise burst. Your massive mining operation has operating cost. I am sure they dont take burst as a payment. So that means you must dump burst on the market. Its a free world we can do what we want but I see nothing good coming out of this. This isnt Bitcoin!
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@tross Dude, this isn't the first Pb farm that is created, what the man did was allert people he would make it and even better, he will create an asset so other people can invest in this endevour with little investments or big ones... It will defenetly not benefit the small miners and will centralize a bit the network but it will give the chance of small miners to get better ROI's on their investments if they invest in his asset... this will force people with medium rigs to upgrade them so their ROI don't get lost but imho it will be much good for the network because if @AdamGuerbuez and @Focus play their cards right this can be a huge Marketing tool and bring a lot of people to invest in assets inside the AE what will make the network size grow at the same time that brings a lot of investment to the communitty!
Ofc that the regarding dumps we will have to trust that they don't do it but i dont think they will do it because it's not good for their investments too?!
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@jervis said in A New Massive BURST Mining Operation To Hit the community Soon!:
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. :)
that id the pure truth








