Good to see some stuff happening. Hopefully burst can make a comeback. Anyway, looks like all cryptocurrencies are dead today...
Posts made by MorganDoel3
RE: Is burst coin dead?
I have only 20TB, so there's a strong chance I could solo mine for a month and not win any blocks. I'm too concerned about that to be honest, I don't mind being in it for the lottery but I don't think it's even working at all because I keep getting errors like - passphrase does not match reward recipient, and if I mine in a pool there is no output in the console so no way to tell if its set up right or doing anything at all...
I followed the guides exactly but that wasn't enough to get it working.
Mostly I'm just frustrated because this coin is not as good as I thought it would be.
Is burst coin dead?
I like the idea of burstcoin, it takes advantage of the security of mining but with much less energy cost. However, since I got interested in it took more than a week to get my hard drives prepared to mine it and a week after I started mining I haven't mined even a single coin. I probably should join a mining pool but frankly I tried and had problems which I shouldn't have to deal with. And why do I have to beg for a coin to make the system work? That's rediculous...
1 coin is worth about 200 satoshi, aka nothing, and there are almost 2 billion of them already circulating. So if I manage to mine a coin its worth about 1 cent. I suppose I could just buy some, but why bother? It's not useful. I think this coin is already dead.
I think this proof of capacity is obsolete. Proof of stake has taken over. Of course there are problems with PoS too but at least it doesn't waste hard drive space...
All I see in this forum is new miner, new miner, new miner. But what is the point of mining a coin that nobody uses for anything except mining?