Craig Grant Burstcoin Asset for STEEM Power
Burst Nation @ https://www.burstnation.com
Burst uses a new algorithm for proof of HDD capacity (POC) mining, which means that Burst is the first crypto-currency mined using free space on your hard-drive. Instead of buying expensive mining equipment, like graphic cards, all you need to mine Burst is some free space on your device.
Miners pre-generate chunks of data known as 'plots' which are then saved to their 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 just sit idle until the newest block is found. And if you ever decide to stop mining Burst you can delete your plots at any time and use your HDD-space again.
The energy consuming part of mining is performing the calculations, but with Burst, the computer performs the calculations once, then all it does while mining is to read a few megabytes off of a hard drive every few minutes and checks every nonce it pulls off, instead of working through heavy calculations like Bitcoin. Burstcoin's transaction network only uses 10 kW compared with Bitcoin's 200 MW. Transaction costs therefore are 0.02 Cents for Burst and 5 Cents for Bitcoin.
The Burst Android client was originally just an interface for the Burst official web wallet. It currently supports logging into and using your Burst wallet. The client now also supports official Burst Android Plotting and Mining. This means, that you have the option to mine the coin on your mobile devices, something that isn’t available on any other PoW based coin.
https://www.burstnation.com/wbb/index.php?thread/3-what-is-burstcoin/
BURST profits with Burstcoin wallet decentralized asset exchange
Getting the miner set up is a huge pain in the ass though. There are tons of issues with it being written in java, the blockchain loves to take days to update, and tweaking your plots for a higher hashrate is very time consuming.
mining is work because computer software and hardware don't always operate 100% as intended, trading is simple
Your the man! but your thinkN too much lol Remember, and you said it as well, "it's not about the Roi, it's about what you do with those payments". Hard Drives will last you quite some time and if you are a great trader like we know you are! then you can trade those payments and do some damage!
And since Burst is small m0ney right now, start out small time mining and when you trade those free coins you can conquer. Your probably just scared from GPU MINING LOL Jus messN - Keep doin you! you know how to get that m0ney b0i!!!!!!!!!!!!!
BURST-MF5L-TLXR-SVCF-FNUY5
https://paxful.com/roots/buy-bitcoin?affiliate=86JQMBE1dvg
I was about to spend $200 for a 8TB hard drive, then read in the forum someone who says they average 300 burst per day with 8TB, and I thought how I can buy 250,000 burst for $200 and then earn more by flipping that in the asset exchange.
Nice! yeah I guess it's all about how you want to go about it. There are so many ways to go about things now, it's hard to decide@times.
300Burst maybe on average but I have only 2TB and sometimes I get the whole block or close. Some days you will receive 3,000 + with 8TB.
But yeah I feel you! Continue doing what you are doin, you are killN it!