I have decided to post a tutorial on how you can mine BURST Coin, a proof-of-capacity algorithm which is environmentally friendly. What Is BURST? This coin is designed to use very little CPU or GPU power, which is what makes it so environmentally friendly.

It is not possible to require enough work to be done during a 4 minute time frame that even the most cost efficient ASIC cannot mine efficiently enough to make it cheaper to use than a hard drive. ASICs calculation speeds are rising, but so do HDD sizes. What Is Needed For Me To Start Mining? • Some spare Hard Drive space (Can be as little as 100GB – 1TB or upwards is recommended.) • A Computer which has the BURST AIO Wallet (I will go through this later if you do not know how to set it up.) Instructions: 1) Download the BURST AIO Wallet. This will contain the Wallet, Plotter and Miner along with other amazing features!

The link for download is here: 2) Run and install the application. Run the Wallet. 3) Click ‘I am a new user’ if you do not have a wallet setup. 4) The next decision is yours. You can choose between a Local or Online Wallet.

• Online – The wallet is stored on a separate, decentralized server. No details are on your system.

No blockchain is needed to be downloaded. • Local – The wallet details are stored on your system and the blockchain is needed to be downloaded. If you lose details to your wallet, you cannot get it back. 5) Begin the Wallet creation procedure.

Cryptomat: Crypto Currencies. How To Mine Burst Coins November 15, 2017 Queen Queen 0 Comments burst coin mining, how to mine burst coins.

The Wallet will gave you a 12 word passphrase. Write this down and keep it somewhere safe. If you plan to store it on your computer, you can encrypt it to a USB. It may also be advisable to print off physical copies of your passphrase, so that if something does happen to it on your computer, you are covered by the other copies; also be sure to keep these in a secure area where no-one would know. 6) After the creation is successful, you will be greeted with the home page. In the top left, you will be able to see your wallet address. 7) As your Wallet is new, you will have to assign a name, which is changeable when you feel like it.

However, it will cost you a fee of 1 BURST to keep the network running. In order for you to get your first BURST Coins, use a faucet. A faucet will pay you between 1-5 BURST, which is just enough to get you going.

To access a faucet, you will require your BURST Address which should look like ‘BURST-XXXX-XXXX-XXXX-XXXXX’ 8) You will be taken to a web-page once you choose the faucet you want. For example, I will use the burstcoin.info faucet. 9) Once you enter your address, press ‘Claim Burst’. The BURST should be added to your wallet after 4 Confirmations. 10) You have the basic Wallet setup! I will now take you through how to prepare you hard drives for mining. How Do I Plot My Hard Drives?

In order for you to start mining BURST, you need to do something called plotting. This action is writing nonces to your hard drive.

A nonce is an arbitrary number that may only be used once. You will plot these to your drive and then the miner will use them to form deadlines.

1) At the bottom of the Wallet, click on Write Plots. 2) Go ahead and choose the drive that you want to plot. Also choose the amount you want to plot and the amount of cores that you want to dedicate to it. Dont forget to add your wallet address at the bottom. The plots will be written using your alpha numeric ID.

Once configured, press Start. A Command Line window should open up looking like this. 3) Once your drives are plotted, we can move on to the next step.

How Do I Mine BURST? To mine BURST, it is very simple. All you need to do is point your miner to the correct pool and reward assignment. 1) Click on ‘Start Mining’ at the bottom right.

2) Select a pool that you wish to mine on. 3) Find the pool address of that pool.

It can be found by going to your web-browser and typing in the address of the pool you want. We will use this for the Reward Assignment. You will also need your BURST Passphrase which you have stored earlier. 4) On the Wallet, choose click on ‘Change Reward Assignment’.

It will take you to a local hosted page. Fill in the details as needed. The recipient is the pool address you found earlier. Metaverse ETP ETP Miners Hardware. 5) Click submit and you will now have to wait 4 Blocks (16 Minutes) to mine. 6) After the wait is over, you can choose to start mining by following the way I mentioned earlier.

The AIO Wallet will automatically detect the available plots on your Computer. Press ‘Start Mining’ and you’re good to go! I hope you enjoyed this little tutorial. If you did, please give it a vote and please consider following me on STEEMIT if you want more like this! You can find me on the BURST Forums: Feel free to PM me if you have any questions.

CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link.

• Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu.

• In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. Bitcoin’s consensus mechanism is based on a Proof of Work protocol. It requires users to contribute computational power in order to solve hashes.

This will allow the miner to find a block (if he’s lucky) and to receive the block reward and transaction fees from said block. This system is employed as an anti-sybil measure. It ensures that one user cannot have a disproportionate say in the network, making sure that miners must spend funds and electricity to be a bigger part of the network and to receive more coins in mining.

This guarantees that a 51% attack (in which a miner controls the majority of the hashing power) highly unlikely, as it would require large spendings in hardware acquisition and electricity. Even if a miner controls more than 50% of the network, it is still in his best interest to protect it as a source of mining revenue.

This system is very efficient. It works as intended, and it has done so for several years in the case of Bitcoin. However, it is an extremely wasteful system. Millions of dollars worth of energy are wasted to power Bitcoin, and that is why alternative consensus mechanisms like Proof of Stake have been created.

This is the case with Proof of Capacity (PoC). Proof of Capacity relies, not on computational power, but in HDD space. It ensures that a miner must acquire large amounts of HDD space in order to get a disproportionate stake in the network. This system, although not as time-proven like Bitcoin’s PoW, is much more sustainable as HDD spend only a small fraction of energy when compared to a GPU or ASIC miner. BurstCoin uses the Proof of Capacity protocol and it has been working as intended for quite some time now. Anyone can mine BurstCoin if they have free HDD space that is not being used.

It is also possible to to build an HDD rig to increase profitability: If you do decide to build your own rig, check out these HDDs. Internal hard drives are more expensive but they also consume less power, where external HDD will consume more power but are more affordable.

It's also important to note that HDDs have a far greater life expectancy than GPUs when put under pressure 24/7. So, weather you're getting ready to buy a few hundred Teras of storage or if you have a few GB available, let’s get started with BurstCoin mining! Part 1 - Download and Install Burst Step 1: The first thing you’ll need is Java.

While this isn't strictly necessary when using the online wallet instead of the local wallet, we'll do it anyway. Click to download it Step 2: Choose the correct version (Java will do this for you) and install it Step 3: Click to download the latest version of the Burst wallet. Step 4: Double-click the setup downloaded Step 5: Read (or skip) the Burst information and click “ Next” « Step 6: Choose the directory you want to install Burst in (you don’t need to change it) and click “ Next” Step 7: Choose the locati on for the program’s shortcuts, which can also remain the same. Click “ Next” Step 8: Check both boxes to create a desktop shortcut and run the application after installing. Click “ Next” Step 9: Double check the setup information and click “ Install” The setup will now install the Burst wallet in your computer and the wallet will be opened automatically. Click “ Finish” to close the setup Part 2 - Create a new wallet If you ticked the “run the application after installing” checkbox on the first part, the wallet will open automatically Step 1: Click on “ New?

Create Your Account” to open a new wallet Step 2: You will be shown a mnemonic seed which will allow you to restore your wallet in case you need to. Store the seed safely and click “ Next” Step 3: Confirm that you have stored the seed by typing it on the field shown and click “ Next” Your wallet has now been created. In order to secure your ID, it’s advisable that you fund your wallet and make a transaction or any action that requires a BURST fee. This is required in order to start mining Part 3 - Fund your wallet and secure your ID In order to acquire Burst, you can either buy it from an exchange or you can use the official Burst faucet. We are going to choose the latter, which is free.

Step 1: Click to go to the Burst official faucet Step 2: Enter your Burst ID (1), solve the captcha (2) and click “ Claim Burst” (3) If this doesn't work or if you prefer, you can always buy some Burst on Poloniex or Bittrex and send it to your account. Burst is very cheap per unit, so it will only cost you a few cents to get some BURST. Step 3: Once you receive your coins, you'll want to make a transaction in order to spend a 1 BURST fee. Since all we need to do is spend the fee, we are going to set an alias for our wallet which costs 1 BURST. Click on ' No Name Set' Step 4: Enter your preferred nickname (1), your seed (2), anc click ' Update Account Info' (3) Part 4 - Write Plots Burst mining relies on HDD space as an anti-sybil measure, as so the software will create random files (plot files) that will fill up your HDD space. If you dedicate more space to the plots, you will recieve more Burstcoins Step 1: On the bottom of the wallet, click the “ Write Plots” button Step 2: Then click “ Plot this drive” Step 3: Now choose the amount of HDD space you want to make available (1) and the number of CPU cores you want to use (2) Step 4: Now enter your Burst wallet ID into the “ your BURST account” field (1) and click “Start Plotting” (2) Burst is now writing Plots on the designated folder. This is the only time that Burst will require your CPU to work at full speed for a long period of time.

Once the Plotting process is complete, you can close the cmd windows Part 5 - Start Mining Burst Now that you have created the plot file, it's time to start mining Burst. Step 1: Click the ' Start Mining' button on the bottom of the wallet Step 2: First thing you'll need to choose is a pool. Pick one from the list displayed Step 3: Click the first ' Change' button to associate your account with the pool Step 4: The pool address will be copied to your clipboard. Click ' Ok' Step 5: Paste the pool address on the second field (2) and enter your seed on the first (1) Step 6: Click ' Submit' If you get a 'errorCode':5 error like the one below: then use the second ' change' button like this: and repeat Step 4, 5 and 6.

You will be shown the signature hash as so: Step 7: Now simply click ' Star Mining (CPU/AVX)' You will start mining Burst with your HDD. Your CPU (or GPU) will remain idle for the majority of time except when a new block comes along, at which time its usage will last for about one minute.

This system makes Burst a very efficient and green system. You are now a Burst farmer/miner (whichever you like best) If you do decide to build your own rig, check out these HDD. Internal hard drives are more expensive but they also consume less power, where external HDD will consume more power but are more affordable. It's also important to note that HDD have a far greater life expectancy than GPUs when put under pressure 24/7. If you do decide to put a HDD rig together, shows us in the comment section. We love Rig pics!