How to stay profitable with BURST mining?

Some basics:

1. you can mine solo or in a pool
The same result should come out over a long period of time. However, luck is also included, because if you are unlucky and never find a block you will never get paid. The pool has more miners and it is more likely that o2014-01-15-moneysavingtips1ne of them is lucky and finds a new block. The reward will be shared to the pool participants.
There is a small pool fee for operating the pool, which can be ignored.

2. Mining does not come free
You need a running computer, you need electricity for the computer and the hard disks and you need Internet. Each cost a certain amount. Burst mining has the advantage, that a standard computer (or just your desktop) can be used. The hard disks are cheap and the extension of a mining set is just adding new hard disks and USB-3.0 hubs.

Continue reading How to stay profitable with BURST mining?

BURSTcoin DOES what Ethereum and Counterparty promises (Smart Contracts)

concept-branding-logo-BURST-6MZ2-6MH9-U5AX-FNMJX  Last year I read:

“Counterparty has announced that it has recreated Ethereum’s smart contract capabilities for the Bitcoin blockchain, which will allow future users to securely write their own contracts.”

with a link to: http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/

and they got millions in funding.

A week ago a coin – BURSTcoin announced that they can offer Smart Contracts already now.

Continue reading BURSTcoin DOES what Ethereum and Counterparty promises (Smart Contracts)