Exploits of a Burstcoin Miner: Page 2

How to Convert from PoC1 to PoC2 Format

Well, it’s been a couple of days and with a busy life, I’ve missed the 500,000 block! As it turns out the 500,003 block was actually the one with the new features.. but you know what I mean! Now it’s time to get back to the Burstcoin plot conversion process. I only have a few days before the Burst PoC2 format goes into affect. It is stated that miners won’t need to convert to PoC2,… Read more »

Upgrading Burst Plots to PoC2

It’s time to start the process of upgrading plots from PoC1 to PoC2! I’ve been waiting for Creepsky to release a version of his creepMiner that I use on the ODROID-XU4 and it’s finally here! Version 1.7.18 is now available on GitHub. I’m currently using version 1.7.16, so what’s new in this release? 1.7.17 (Jun 7th) The all important PoC2 support! The addition of Bintray Some minor fixes 1.7.18 (Jun 8th) PoC2 -> PoC1 conversion… Read more »

Updating to Qbundle v2.1.0

Qbundle v2.1.0 was released yesterday, so let’s give updating a shot. I had a few issues with the Qbundle installation the first time around − with the database not working correctly and a blank screen. I hope this version will not have those issues, but only time will tell. I actually think some of those issues stem from other programs on my computer using the same ports anyway.   Step 1: Download the latest Qbundle release… Read more »

Burst vs. Bitcoin Energy Consumption

Yesterday an article came out on Gizmodo about the energy consumption of Bitcoin, calling it “grossly inefficient, completely unsustainable, and an environmental menace“. Reading this article, only strengthens my belief that BURST, with it’s Proof of Capacity model, is a much better alternative for the future. The article claims that the per transaction kWh cost for Bitcoin is at least 300 kWh and could exceed 900 kWh by the end of 2018 as new miners… Read more »

Valid Deadlines Last 360 Blocks

I’ve been mining with three 8TB drives for about a week now and the highest I’ve seen Effective Capacity is around 19TB. Since the actual capacity of the 3 drives is around 21.82TB, I’d like to at least see that number over 20. While writing this, it’s actually down to a little over 16TB with 308 Valid Deadlines in the last 360 blocks. I know that my ODROID-XU4 setup will read all 3 drives in… Read more »

Effective Capacity Test #3

Here we are 5 days after starting the Effective Capacity testing, and here are some results. I’ve seen that the laptop gives better results, and that looks like it’s due to a jump in around 10 valid deadlines. Now, there’s always a bit of chance involved, but it looks to me like the valid deadlines are higher possibly due to a few blocks ending before the ODROID could finish reading the plot… or it could… Read more »

Creating a Dedicated Low Energy Burstcoin Mining Rig with ODROID-XU4

While there are many great benefits to mining Burstcoin, it does share the drawback of other cryptocurrencies like Bitcoin in that you need to leave your machine on, whether it’s your ASIC, GPU rig (which may be obsolete) or just the old PC you had lying around that you decided to mine BURST with. In my case, my 9-5 job is at home doing web development, so my work laptop is on during those hours… Read more »

Optimizing Effective Capacity Test #2

After 24 hours, it looks like my Effective Capacity has actually gone down slightly. The previous screenshot from 24 hours ago had an Effective Capacity of 13.7834 TB. Currently, after my slight Target Deadline tweak, it shows 13.3888 TB. I peeked at it about 11 hours into the test and it was showing close to 15 TB, so I had high hopes.. but it looks like I’m actually down 3.9% from yesterday. So, the next… Read more »

What Is Effective Capacity, And How To Improve It?

I’ve been mining for a few days now 24/7 on my ODROID-XU4 (article coming soon) setup with two 8TB drives and my Effective Capacity has been knocking around a little bit between 12TB and 14TB. That means that I’m earning between 75-87.5% of my potential BURST from my historical contribution. Historical share is calculated as: historicalShare = minerPlotSize / poolPlotSize So you can see from this, the larger your minerPlotSize, the greater the payout. Thus… Read more »