Real questions, real person



  • the best I can tell, the electrical cost of mining burst, not to mention the wear and tear on drives, is a loosing combination. I hear a lot of what burst can do and what it will be able to do in the future. All 'future' comments may be 30 years and lots of luck away. I am seeking a viable model to mine for a profit making organization that has chosen or will choose in the near future.
    I have been following burst and found it more likely to hear 'oops' or 'contest' instead of 'new profit oriented business partner using this service'.
    One tenth of one tenth of one penny (or less in the case of burst value) is difficult to justify mining. There is obviously an upbeat mass of people willing to take this loss.
    Can anyone say 'this will be a real productive profit making organization' next month, next six months, next year?

    Please refrain from belligrent comments. I am only asking legitament questions, seeking a reason to participate.


  • admin

    @TurtleWinsRace I'm not sure where you're getting your calcs from, but lets take one of my accounts as an example. It has 100TB across 24 drives.

    Drive power usage while mining is 8 W (higher than actual, but lets work with 😎
    When the drive is idle it's using 4W.

    Coin round time averages 4 minutes, and mining = 1 minute - so average watt usage = ((1 * 😎 + (3 * 4)) / 4 = 5W average/drive.

    Which is 200 hours to get a kilowatt hour (which costs $0.15 here) so 24 (hours) /200 * 0.15 (cost per KWh) = $0.018/drive/day

    So running those drives while mining costs me almost 2 pennies per drive, or in my case for 24 drives - $0.43/day.

    However those 100TB earn me around 12,000 Burst = 0.01428 BTC = $8.73 - giving me a profit after expenses of $8.30.

    Not exactly a loss.



  • @haitch said in Real questions, real person:

    @TurtleWinsRace I'm not sure where you're getting your calcs from, but lets take one of my accounts as an example. It has 100TB across 24 drives.

    Drive power usage while mining is 8 W (higher than actual, but lets work with 😎
    When the drive is idle it's using 4W.

    Coin round time averages 4 minutes, and mining = 1 minute - so average watt usage = ((1 * 😎 + (3 * 4)) / 4 = 5W average/drive.

    Which is 200 hours to get a kilowatt hour (which costs $0.15 here) so 24 (hours) /200 * 0.15 (cost per KWh) = $0.018/drive/day

    So running those drives while mining costs me almost 2 pennies per drive, or in my case for 24 drives - $0.43/day.

    However those 100TB earn me around 12,000 Burst = 0.01428 BTC = $8.73 - giving me a profit after expenses of $8.30.

    Not exactly a loss.

    damn it! math again. 😞



  • Yeah, it's math again... but at least @haitch was kind enough to explain something in a way I can understand. I don't have the ability to provide 100TB, but he is kind enough to give me the math in multiple reference points to see if this is for me.



  • @TurtleWinsRace Rock on with your fair and extremely reasonable question. Any sarcasm only shows signs of weakness. Low cost mining might be a good idea, but with 2 billion coins to mine so slowly, it will take years for the price to reach $1.00 per Burst.

    Not as excited about Burst as I used to be -
    Anyone wanting to help create deeper belief in Burst, have at it . .



  • @General-Executor I don't follow your thoughts... What is the relation you have with the unmined coins and the value of Burst? I think people will came to mine and use Burst because of the lower transaction fees and the profitable mining, and with a lot of people here using and mining the value will sky rocket, of course this will not be made in months but i believe that in two years burst value will be over 1 $



  • I have been able to find a business in advertising that uses burst to pay in fractions of a penny. Are there any busineses that acually use burst?



  • @TurtleWinsRace Besides the AE, the marketplace, the dice casino (burstgames.com), and the exchangers, no there are no more businesses but new things came up all days and there are starting to appear some very good ideas linked to real life businesses...



  • @jervis Awesome. Do you know how to calculate the W used during mining ? The plotting looks very economical to me xD



  • @CoinBuster it wasnt my calculation. I was quoting @haitch. He was the one calculating. I'm not awesome. I'm sorry. I was the one who cried "MATH AGAIN!" πŸ™‚


  • admin

    @CoinBuster You can read specifications from the HDD companies and measure it directly.


  • admin

    @CoinBuster You'd need a Watt meter like a kill-a-watt

    That will give you the differential between idle and plotting - lets say it's X watts, then cost of plotting is :

    Cost = (x / 1000) * Number of hours to plot * cost per kilowatt/hour



  • @haitch said in Real questions, real person:

    However those 100TB earn me around 12,000 Burst = 0.01428 BTC = $8.73 - giving me a profit after expenses of $8.30.

    Not exactly a loss.

    I think this is not a good example, because the average Miner does not run his Desktop 24/7. So lets assume you additional have to run a mining-machine which consumes some W of power.

    I make a little calculation with the following numbers:
    0_1474463197554_Screenshot_20160921_150558.png

    Depending on your number of HDDs you get somthing like this:
    0_1474463223140_Screenshot_20160921_150620.png

    After playing around with some numbers you get this graphs. So if you have to Power your Desktop and donΒ΄t have it run 24/7 your profit isnΒ΄t guaranteed (blue line). In this case you have to mine at least 8 HDDs with a capacity of 2TB. If you have a NUC or Single-Board for mining with little power consumption you are fine with the first HDD. (red line)
    0_1474463379285_Screenshot_20160921_145808.png

    Of course you also have to consider that larger HDDs make you more Profit. Here is another example. (In this case the Desktop is calculated with 200W power consumpiton)
    0_1474463357568_Screenshot_20160921_145657.png



  • @piezo said in Real questions, real person:

    I think this is not a good example, because the average Miner does not run his Desktop 24/7.

    You turn your computer off? I personally never turn off my computer while it's mining. Gotta make that Burst! haha πŸ™‚


    alt text

    In your image, Is the Desktop power consumption of 200 in watts? Does this only reflect the average CPU usage of the the Burst Mining program? Or does it reflect the entire watt consumption of the computer?


    alt text

    How did you come up with the electrical cost? Is it cost per Kilowatt? What is the rate that was used?

    I'm very interested in your post. Which is why I am asking all these questions. πŸ™‚


  • admin

    @piezo A desktop normally shouldn't use 200W when idle. Nice excel sheet you have there. πŸ˜ƒ

    I had also good experience with a $ 200 used HP Elitebook from 2011, which needed around 30 Watts and was able to mine 20 TB or more with all USB and Express Card slots.



  • @socalguy said in Real questions, real person:

    @piezo said in Real questions, real person:
    In your image, Is the Desktop power consumption of 200 in watts? Does this only reflect the average CPU usage of the the Burst Mining program? Or does it reflect the entire watt consumption of the computer?

    The entire watt consumption of the computer

    How did you come up with the electrical cost? Is it cost per Kilowatt? What is the rate that was used?

    0,2$ per kWh (its the value for my region)

    @daWallet said in Real questions, real person:

    @piezo A desktop normally shouldn't use 200W when idle. Nice excel sheet you have there. πŸ˜ƒ

    I had also good experience with a $ 200 used HP Elitebook from 2011, which needed around 30 Watts and was able to mine 20 TB or more with all USB and Express Card slots.

    My (older) Desktop needs 150W while mining with GPU when i activate 2 of 6 CPU-Cores. So yes, maybe 200W is to much, but not far to much. πŸ™‚ So hereΒ΄s the image for a 150W-Desktop. I this case you make profit with the third hdd of 2TB.

    0_1474468801705_Screenshot_20160921_163839.png

    Of course you have to check how long it takes you to get your invested money for the HDDs back. Some weeks ago this was a long time. After the last pump it gets better. So letΒ΄s hope the value of BURST stays above 120 satoshi. πŸ™‚


  • admin

    @piezo I need to grab my Kill-a-watt from work to confirm, but I'm about 99% certain that my Burst miners are around 100W.

    My GPU miners, now that's a different story ..... πŸ˜‰



  • @jervis hilarious ! @haitch Thanks for the great work on mining power, Ill have to get the Kill-a-Watt. Did you have a reading during plotting ?! if mining will consume between 100W - 200W, plotting will be about x5 then mining (just guessing really) ? @piezo This is a heck of a study spreadsheet and will be a reference from now on, thank you for your hard work and sharing this ! As mentioned above, did you have experiment with plotting watts usage?



  • People often forget its a Game of Patience & not Calculations.... At the end, Time is Money !


  • admin

    @CoinBuster Didn't run it while plotting, but I can test it. However, based on what I saw when GPU mining other coins, it's going to be around 200-250W depending on the card.