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Thanks! I bought 2K worth from bter, and that's one of my main questions. How many should I burn to have a chance, and how often do i have to burn to keep the process going? I assume after a while you burn through all your coins and stop proof-of-burning.
Also, is it possible to use 'setgenerate true = -1' in the qt client and still get coins from POW?
Sorry for the newbie questions, but I was reading this thread for a while and couldn't find a simple quick start post.
Best bet is to burn a good chunk (50% to 100%). I'm currently burning 100% of my coins to obtain one PoB block each other day (i don't have much burnt coins, about 330).
Solo mining (e.g. setgenerate true -1) isn't profitable anymore, being impossible to generate a block out of it. I recommend you to use slimminer with a pool.