So, Burstcoin sounds super interesting to me due to the low power consumption and kinda cheap one-time investment for reuseable hardware.
There's one thing that's bugging me. I haven't read the whitepaper yet and I'm trying to avoid reading it.
So I'm plotting a huge chunk of data. Later on, I'm "mining" by reading just a portion (?) of it and with some luck I return a deadline. This is the part I don't understand.
- Where does this deadline come from? I mean, they're in my plots, but how are they calculated? Random numbers out of thin air?
- Why is it good to have the lowest deadline beside being the one winning the block?
- How does the network benefit from someone having a low deadline?
I have to admit I haven't found a guide explaining these things. Most of the time they explain how to get started and all that, which was super easy.