@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.