Should I mine Burstcoin? Is it worth that much? Check out my thought!
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@daWallet Thanks for this reply. I liked your view. Yes, if we think that way it's really good.
@luxe Thank you too. Yes, only mining is not all. There are assets, marketplace and more things that can increase the value what we mining.
I love to hear more from this community and I know there are more people coming to Burstcoin and they should know what are they doing. Keep an eye on it. Keep using burstcoin in various way.
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@robert nice thoughts...i currently have 4.5TH/s in BTC cloud mining but, the cost to mine BTC is so high. I found Burst by Youtube and I finally can mine from home.
It freaken great. I was calculating myself for 4TB-5TB but, the number was unclear due to lucky block miners....
Therefore I going to buy 5TB or 8TB soon and the numbers will show us. Also I have bought some Burst on Poloniex. I bought at 0.0000035Btc and now it around 0.0000047Btc. I been putting videos up on Youtube and maybe this will help others learn about Burstcoin. My goal is the have 1000000 Burstcoin one day.
P.S. Youtube video under BritVR name.4Watch my burstcoin (360 videos) on youtube:
https://www.youtube.com/channel/UC1Bcc--wbverxBvfxYue9QgFor mining BTC without hardware check out Genesis:
https://www.genesis-mining.com Use code--> (WSwDpG) for 3% off
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@bvadams1835 said:
BritVR
I've seen your video on youtube. Yes, keep uploading videos, that'll help new people a lot. It's seems that you gonna be a very serious miner. Thanks.
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@bvadams1835 Are you Adam Guerbuez? If so, thanks for showing me this wonderful coin...
0faucet.burstcoin.pt | burstcoin.pt | I just help for pleasure but if you want donate some coins: BURST-JYHR-SPXP-YT22-5F4KM
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@robert So for late response. Yes I'm going to mining with more TB soon. I just getting the money together and research for the prices. The money is not a problem. Getting 50TB for a good price is.
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@gpedro LOL I wish. I do follow him. I actually have made 0.1 BTC with this video the last couple of days.
But I stop the polit roll everyone win.
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my thoughts on should you mine burst and is it worth it. first of all all crypto at this point is a form of a gambol and a hobby. so reverse your thinking a little. you make 35 a year and could make more or less. The question i ask is did you have fun doing it. for me its a hobby i have started enjoying. say i do make a big profit even better. most poeple do this for the statement that the gov's cant run everything and a hobby. few are really trying to get rich at it. but hey we might.
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@daWallet said in Should I mine Burstcoin? Is it worth that much? Check out my thought!:
You buy one 4 TB HDD for $ 100 and you mine with it exactly one year.
One factor that does not seem to come up enough here is the hard-drive Warrantee. The cheapest HHDs only offer one or two years. But the best include 5-years, and of course they cost a lot more (initially anyway). So Bursters (Burstards?) have to evaluate the value of front-loading (with cheap drives), while the mining difficulty is less - Or taking a long-term view with less down-time (& stuff).
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@BeholdMiNuggets Good question if enterprise drives really worth their price ... not only burst miners but also big data centers work with none-enterprise drives due to big price difference https://www.backblaze.com/blog/enterprise-drive-reliability/ ... maybe check this link https://www.backblaze.com/blog/hard-drive-benchmark-stats-2016/ backblaze does a lot of stats about their drives, may help on making your drive decision.
...
So, Are Enterprise Drives Worth The Cost?
From a pure reliability perspective, the data we have says the answer is clear: No.
Enterprise drives do have one advantage: longer warranties. That’s a benefit only if the higher price you pay for the longer warranty is less than what you expect to spend on replacing the drive.
This leads to an obvious conclusion: If you’re OK with buying the replacements yourself after the warranty is up, then buy the cheaper consumer drives.
source: https://www.backblaze.com/blog/enterprise-drive-reliability/
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@luxe said in Should I mine Burstcoin? Is it worth that much? Check out my thought!:
Enterprise drives do have one advantage: longer warranties...
The big three Hard Drive makers have been cutting back on Warrantees for several years. Eg.
http://www.computerworld.com/article/2500542/data-center/hard-drive-manufacturers-slash-warranty-periods.htmlSometimes, this is done quietly, with little notice. And it has become weirdly difficult to find out some of the warrantee terms, for example on Amazon etc.
There may be other advantages to the "better" drives too, when it comes to life down the Burstmine. For example, the Seagate Barracuda Pro 10Tb (five-year warrantee) - sports a 256Gb Cache, lower power use, & faster seek times. Meaning, that it may be a more efficient worker.
Thou as Backblaze say, it may not matter when the numbers come in.
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@BeholdMiNuggets Once again I'll say, the only Burst drives I've had die have been Seagates, and I've lost around 30TB due to drive failure so far.
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@BeholdMiNuggets Barracuda Pro 10Tb prices still falling https://geizhals.eu/?phist=1479512, while other drives remain stable within this time period ... looks like a good drive, but i personally try to not pay more than 25€ per TB ...
But if 'enterprise' prices, i would prefer https://geizhals.eu/seagate-enterprise-capacity-3-5-hdd-10tb-st10000nm0016-a1418879.html?hloc=at&hloc=de&hloc=pl&hloc=uk&hloc=eu with MTBF: 2,5 Mio. hours instead of MTBF: 1 Mio. hours for Barracuda Pro.@haitch would be interesting witch seagate model failed, also drive temp. has huge impact on lifetime ... i had 3 drives fail (not just bad smart values, but not working anymore) until now ... all over 7 years old and one of them was a seagate 1,5TB ...
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only had 1 drive fail myself it was a WD 750gig that origonaly came in a 500$ bestbuy off the shelf PC i bought back around 2009 or 2010
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@luxe said in Should I mine Burstcoin? Is it worth that much? Check out my thought!:
But if 'enterprise' prices, i would prefer the [Seagate Enterprise Capacity 3.5 HDD ST10000NM0016 /256MB 10TB] with MTBF: 2,5 Mio. hours instead of MTBF: 1 Mio. hours for the Seagate Barracuda Pro (ST10000DM0004).
Was wondering about the difference between those two. The Seagate Enterprise HHD is about 9% more locally. I suspect that the retail version has some consumer-friendly garnish, like encryption etc.
Sure it's annoying, but even if the Plotting & file Transfer process takes a week, it's not that onerous compared to the mining life of the target drive (eg. 3+ years).
What I don't know - The additional Burst-Mining capacity of a Fast drive with a large Cache, over a slower /cheaper HHD - And if that's a significant factor?
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@luxe This one was a a 5TB model - ST5000DM000. Had been running fine in an eSATA chassis for about a year, but failed within minutes of moving it to PennyWise.
The other Seagates I had fail were all 3TB models, not sure of model number - of a batch of 8 that I purchased 5 have failed.
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@haitch said in Should I mine Burstcoin? Is it worth that much? Check out my thought!:
of a batch of 8 (Seagate drives) that I purchased, 5 have failed.
Well, there are only Three major manufacturers of Hard Drives left. So if Seagate is out, then I guess that leaves Toshiba & Western/D. Thou I don't see much mention of Tosh' for Bursting hereabouts. Not sure why.
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@BeholdMiNuggets You missed HGST, Fujitsu, Maxtor and others. WD and Toshiba are my preferred drives though.
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@haitch said in Should I mine Burstcoin? Is it worth that much? Check out my thought!:
You missed HGST, Fujitsu, Maxtor and others.
Afik - Maxtor has been owned by Seagate since 2006, Fujitsu has been owned by Toshiba since 2009, & HGST has been owned by WD since 2012. WD is probably the largest, thou I don't know the current market share of each of the big three.
https://www.neowin.net/news/western-digital-becomes-worlds-largest-hard-drive-maker.
https://en.wikipedia.org/wiki/List_of_defunct_hard_disk_manufacturers
As per Wikipedia etc.(©cc-ac).
![0_1493142433325_HHD-Maufacturers[=3].jpg](/assets/uploads/files/1493142434463-hhd-maufacturers-3-resized.jpeg)
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I think today it is worth to start mining, the price is 10k = $113.79 (0.06440000 BTC). I want to buy 2x Seagate 8TB (18TB in total) to start mining.
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@kiknaio current block reward is 1840+Fees ... block reward decreases 5% each month, it was 10000 back in 2014.
