Re: [ANN] - NEW BURST OP - MINE WITH YOUR HDD - ATs, AE, P2P MARKETPLACE, and MORE!
Burst on the other hand is disruptive innovation: It offers the same but most important feature: Transactions. Like all the other PoW coins, but Burst is not mined with CPUs, GPUs & ASICs. By mining with disk capacity Burst has much lower operating costs than its competitors and therefore much lower transaction costs in the long run. Also the mining technique favors small miners and therefore decentralization of mining, because of the larger overhead big mining rigs have. Mining equipment is available all over the world and electricity price is not a crucial and centralizing factor.
Burst solves two big problems: doesn't waste energy and keeps being decentralized by design.
- daWallet
Ok let's just pretend that Burst becomes very successful, and becomes worthy of significant investment
How sure are we that the algorithm used for plotting and then scanning the plot cannot be put into an ASIC such that the processes can be done on the fly, negating the need for prior plots and moving it to where other coins are in terms of development and ongoing running costs?Rich