Post
Topic
Board Announcements (Altcoins)
Re: [ANN] - NEW BURST OP - MINE WITH YOUR HDD - ATs, AE, P2P MARKETPLACE, and MORE!
by
kwaasteniet
on 12/04/2016, 08:02:05 UTC
I have stopped the mining of Burst. It is not managable for the small miner. One of the fine things from Burst was that the common man could mine without big invest in hardware. This time is over. You must make now minimum €1000,-  investment in Harddisks to get a reasonable amount of Burst. Sorry, the project had failed.

You can mine spare GBs on an already turned on computer without spending hardly any extra power or money or bandwidth. That's the best ROI as there is nearly no cost, except perhaps a watt extra due to some extra disk activity.  If you buy harddisks, the ROI is lower of course, because you have to earn to pay back the cost of the harddisk. If you also buy a computer, then you have to pay off extra power and the computer as well.   So i'd say the small miners are the ones who get the most %age wise return on investment.

The only difference is time. You could argue that each extra TB set to mine cost less and less of your time to set up. Everything else seem to favor the smaller miners, who can mine on equipment they already have, and already have turned on.

My experience is that you have to set off some time tweaking things when you reach 20 to 30 TB per computer. That's more time for big miners. Also big miners have to make sure things run with a good uptime, as downtime cost a lot of burst, so you tend to spend more time making sure systems are online and working well.

If the burst price is low, and you are impatient, it might be easier just to buy burst, and help with the advancement of the coin ecosystem

I am aware of the fact that it cost you hardly nothing to get some Burstcoins without the need to purchase extra Harddisk. I mined on Burstninja and with my laptop and 1,1Tb plotsize i gathered about 350Burst/day. But the last 2 weeks was that devaluated to 70-90 Burstcoins. 80 burstcoin against the low price of 50-70 sat is too low for me. It is better to join a signature ad-campaign and buy the Burstcoin. Smiley. This night i have tried an other pool and was back at my normal level of 350 Burstcoins. Only the Blago miner stops working unexpected now and then.