The burstcoin – an innovative coin

I felt the need to write a complete guide about mining burstcoin. Infact the argument is of great interest but there is no real and complete documentation about the matter. This coin has great possibility to get chances in virtual currencies market. But it’s important to know technically what we are doing and which are the peculiarities of this coin.

We want to do mining with HDD on burst coins with a linux machine. In this example we are using a Ubuntu 16.04 with a mounted cifs share. We want to use in this test a space of 200GB. Here how to do

First of all register an account into an online wallet https://wallet1.burst-team.us:2083/index.html . Save the passphrase. Bear in mind that you can do nothing if you dont have at least some burst coin on your account, becase it will not release your numeric account ID that is necessary for plotting and mining. So go to poloniex and change to get some burst and then transfer it to your new created wallet. At this point you will have your numeric ID. Go on your linux machine and go on

Install java prerequisite

apt-get update && apt-get install openjdk-9-jre make gcc

then download necessary software

git clone git clone https://github.com/Mirkic7/mdcct.git
cd mdcct/
make

this is the plotting software and the executable is in ./plot into the main dir.

The disk plotting

The plotting is the procedure with you allocate disk space to the mining process. So before start you have to know how much disk space you want to allocate to the procedure. Suppose we want to use 200 GB.

syntax is: ./plot -k KEY [-d DIRECTORY] [-s STARTNONCE] [-n NONCES] [-m STAGGERSIZE] [-t THREADS]

  • k. where KEY is your account numeric ID
  • s. start nonce can be 0
  • n parameter. nonces is the value corresponding to the allocated space. here how it is calculated: Each nonce = 256KB. Divide (disk size) by (262144), then divide by (stagger size -m) : round down, multiply by (stagger size.)
  • m is memory. Since a nonce is 256KB, so 1GB=4096 nonces. So -m 4096 means 1 GB memory. With more memory, multiply for amount to use.
  • will depend on your CPU, it’s the number of threads to use – set it to number of CPU threads, or threads – 1 to make it more usable
./plot -k 123456789012345 -d /home/plotdir/ -s 0 -n 800000 -m 4096 -t 2

when you run the command you will get something like this:

root@Ubuntu-1604-xenial-64-minimal ~/mdcct # ./plot -k 10708121367977438057 -d /mnt/backup/plots/ -s 0 -n 761856 -m 4096 -t 2
Using original algorithm.
Creating plots for nonces 0 to 761856 (199 GB) using 1024 MB memory and 2 threads
8 Percent done. 1229 nonces/minute, 9:33 left

it will take some hours.

To correctly set the number of threads and the memory, you can use lshw command:

massmux@massmux:~/Documents/dev/creepMiner/bin$ sudo lshw | grep thread
configuration: cores=2 enabledcores=2 threads=4

if you are planning to plot more HDD spaces, it’s important not to overlap nonce 1 nonce= 256Kb. if you are starting from nonce 0 plotting till nonce 500, then you have to start for next plot from nonce 501

example with 18 GB starting from nonce 0
0 (starting nonce) +73728 (number of nonces for 18 GB)=73728 plotted nonces.
next starting noce will be 73729

At this point we have to install miner and start mining in the plotted disk. Download the software and install

Install and configure miner

git clone https://github.com/cuthulino/BurstMiner.git

cd BurstMiner

make

the software is installed. Executable is under /bin . Now configure miner.conf with something like the following. Obviously the paths are those where you put the plots

{
“poolUrl” : “pool.burstcoin.eu“,
“submissionMaxDelay” : 30,
“submissionMaxRetry” : 3,
“socketTimeout” : 60,
“maxBufferSizeMB” : 512,
“plots” :
[
“/media/Burst/Plots”,
“/media/Burst/Plots2”
]
}

Now you are ready to mine into the pool pool.burstcoin.eu or burst.ninja (there are several other pools). now you can start mining simply by

./burstminer

Now you are mining. Important note: before you start purchasing a lot of disks and diskspace, bear in mind that at the actual date, the burst coin has a low value (compared to the most of other currencies) for this reason the mining is not so worth of. Infact a 100T disk set, can mine about 11300 burstcoins per month and with actual value this is a small amount of around 92 usd. In the next months and years, this coin is expected to grow value and this will be more interesting for mining. Otherwise you can start mine and keep the coins for the moment when it will be greater in value. Dont forget that also bitcoins have had a small value at the beginning.

The mining pool

As usual, in order to start mining really, we have to find a pool. Sure one of the best is ninja ( http://burst.ninja/ ). In order to use this pool it’s necessary to make reward assignment. In order to do this, you have to read the burstcoin wallet address for this purpose on the home page of the pool. Then go to your wallet url and change the index.html element of the url and change with rewardassignment.html (this is to do both if you’re using a local wallet and if you are using the online version). A simple form will appear:

  • first two fields have to remain empy
  • the field “set reward recipient passphrase”, must be filled with your wallet passphrase
  • the field “recipient”, must be filled with the burst address you read on pool home page

then click submit

you will receive a complicate json string as reply. Now come in again in your wallet. You will see a new transaction with a 1 burst cost. If you see this, it’s all ok. Just wait 4 confirmations of this transaction and you are done. Now you can start mining at that pool

If you are satisfied of this guide, please share. You also can donate burst to:

BURST-3CVB-NTR3-7BA2-B5R8B

If you want to use a more advanced mining software, please see our creepminer install howto.