BURST Mining Today

For first timers and people used to Proof-of-Work cryptocurrencies like Bitcoin and Ethereum, the mining process of Burst can be a little hard to grasp. After reading this article you should have a basic understanding of “plotting”, “mining”, “reward assignment” and other words specific to a Proof-of-Capacity cryptocurrency. In a Proof-of-Work system, the network of transactions is secured by performing an insane amount of computations per second in order to validate each block. That is the reason why you have to use powerful hardware like graphic cards, processors or application-specific integrated circuits (ASICs) to mine.

This leads to downsides like high electricity consumption, heat and noise, the need for specialized, non-reusable hardware, and centralization of the mining process by big corporations. Burst mining style (and is also ASIC-resistant) by allowing HDD mining – miners secure the network with their disk space. You can see it as a “condensed Proof-of-Work”: you compute once (a process called plotting) and cache the results of your work on hard disk space. Then mining only requires to read through your cache. The following is a non-technical description of the process. If you want the full explanation, you should read this.

Step 1 – Plotting Plotting is the process through which miners miners pre-generate on their HDD chunks of data called « plots», containing all the computations necessary to forge blocks. Plotting is a long and energy consuming process that is done through your CPU or GPU. The good news is: it has to be done only once! Then your plot files are stored on the HDD and ready to be used to mine Burst. In a Proof-of-Work system, this is done continuously for each and every block.

I only mine Eth at this time but vga price is quite high now. So i have plan to mine Burst because of cheap Hdd price at my local. Most important thing: mining Burst coin doesn't stress your PC - it doesn't use your GPU and it takes about 0.5% of by cardboard. Of SteemTrail as one of our top picks today. Also, as a selection for being a top pick today, you have been awarded a TRAIL token for your participation on our innovative platform.STEEM. Live BurstCoin prices from all markets and BURST coin market Capitalization. Stay up to date with the latest BurstCoin price movements and forum discussion. Blocks Today. SOLO MINERS 54. Blocks Today. Burst Mining Club Pool Wallet 80% Reward to Miner 20% Historical: 452415: 01-28 07:02:06: 279185 - 1:26.

Step 2 – Reward assignment Setting a “ reward recipient” for your Burst account allows you to define a beneficiary who will get the BURST reward should your miner find a block. A pool miner sets this recipient to the pool’s address while a solo miner uses his or her own address.

In the first case the miner will only get paid when “forging” (winning) a block but with the entirety of the block reward. In the second case every miner in the pool gets a portion of the reward when another forges a block. Step 3 – Mining Once plots are generated and stored on a drive and the reward assignment is set, the miner just has to launch his mining software. It will read through his plots in order to come up with an amount of time (called the “ deadline“) necessary to forge the current block. Once the deadline is submitted, the HDD becomes idle until the next block appears. This is the reason why mining Burst is so energy efficient and easy on the hardware: your HDD is idle most of the time and reading through the plot files only for a few seconds for each block.

The best deadline submitted among all miners is the one forging and establishing the duration of the block. Also published on.

It has been over a year and a half since we’ve that you mine with a hard drive, so we’ve decided to revisit what has happened since. The Burst crypto currency uses a new algorithm for proof of HDD capacity (POC) mining, so it needs a lot of hard drive space – the more, the better and more coins you should be able to mine. One of the reasons that we wanted to check the coin out again was the availability of a Windows Wallet Client that is supposed to integrate everything in a single user friendly package that is easy even for novice miners to get started. Mining with your CPU or GPU is so old-school now that you can use your hard drive to mine with, or so it may seem with the new Burst crypto currency that uses a new algorithm for proof of HDD capacity (POC) mining. Miners pre-generate chunks of data known as ‘plots’ which are then saved to disk. The number of plots you store is effectively your mining speed.

Every block the miner will skim through the saved plots, and come up with an amount of time until it is able to mine a block if another block hasn’t yet been found. After reading through the plots is complete, your hardware can idle until the block. It seems quite interesting and that is why we have decided to give it a try We should start with the fact that the Burst wallet is web based and relies on Java, the same goes for the miner that is also Java-based, but that should not be a problem if you are familiar with Java. The setup and mining documentation is a bit vague and definitely not easy to understand and follow by novice users, furthermore you need to edit BAT/SH files with parameters that are not well documented and you need to look on forums for help. The coin needs a lot of HDD space, we are talking about 100s of GBs and it takes a lot of time for the plots to be initially generated and by lot we mean 12-24 hours, depending on your hard drive and system configuration.

When you start to mine you are essentially solo mining, though apparently a beta pool support (also not well documented) is already available and already for more that 24 hours of solo mining we still haven’t found a block. In short – an interesting concept, needs to be made more user friendly and easy to be used, better documented so that you know how to optimize things for best performance still you might want to check Burst out.

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