They may offer the same features but the technology behind them are different. What I love about Burst is it had a fair launch. No ICO, no premine or other tricks to get their hands on the community's money. It is not a scam.

It is also using Proof of Capacity for mining. It is something quite unique and something that should be developed further.

I can't rel say this is what I will get holding this coin long term, but one thing I notice is that Burst has a very great community that is of a great benefit ti the project at large

I like the concept of Burst and actually prefer it to other proof-of-capacity coins like storj (as I can't see them progress with any acceptable speed).

Since I try to make money from each and every opportunity I see what interested me more about three months ago was mining it. You just needed a good size hard drive and you can start making money. At that time it was somewhat profitable.

If you had about a 100 TB you could get about $600 with it and if you put in mind that the price a month later got double or so so you could get more than 1k.

But today the situation is different.
It got attacks, down time, network trouble etc.

When I checked if there's still any calculators online I found this only https://explore.burst.cryptoguru.org/tool/calculate
And when I put in 100 TB I found it gives less than a $100 !!

That's even less than a dollar for each TB. Of course it's totally unprofitable. I'm not sure if it's that accurate though.
I need to find if you know someone who is still mining to tell us how much he makes now.

EDIT: I just found on youtube a guy posted his stats for last month month and yes it went down to a dollar or so. So no thank you burst. Better luck with another coin.

Things move generally at a fast pace in the cryptoworld. What you describe is true for a situation 3 months ago (great profits with mining) and 6-8 weeks ago (attacks on network & instability).

There is no down time anymore, network is rock stable and yes, the mining profitability has changed.


Yes, about $75 now. This, however is one of the many indicators that Burst is at the moment undervalued like hell. People do not yet know about the changed situation. And whoever is willing to sell to you at the current price ... well, you're basically ripping them off. You should not mine, you should buy it - take advantage of the information asymmetry. Because as soon as a larger part of the crypto-community realizes that the Burst today is not the Burst 6 weeks ago, a massive FOMO will set in.


See above. If you are a "miner only", I totally agree - don't mine Burst now. If you are here for the profits, you actually see - right now - a Bitcoin at $10. If you know what I mean.

You dont understand. Burstcoin is not like SIA or STORJ. Burstcoin uses Proof of Capacity as a mining algorithm, not as a form of decentralized storage system. PoC is unique because its the only practical implementation of mining coins with hard drives.

New update from the PoCC! This is the 6th weekly report ever since they took over Burst's development. They are working very hard on improving the GUI and the underlying code, and some support from the whole community is be very needed and hopefully it will also be very rewarding for our pockets.

Weekly Burst Report #6 – 10/08/2017

• “The PoCC team is busy and buried under loads of work”, according to Rico666, a PoC Consortium member.
• The PoC Consortium confirmed that work on the iOS version of their mobile wallet is underway, but no release date have been given so far.
• They seems to be also working on the internationalization of the mobile wallet: I would expect new languages and currencies support soon.
• The Burst wiki website at https://burstwiki.org/ is quickly becoming the go-to source of information for the Burst community. The pace at which information is added is breathtaking. For example, we now have a full Burst API with a list of examples.

There are also informative interviews from PoCC developers here and here.

I like that burst is less energy intensive... I really think energy use is going to be a problem going forward.  I heard that every Bitcoin transaction (not every block, every individual transaction)uses enough energy to power a house for one month. That is the type of thing that could turn the public against cryptocurrencies.

Ahmed looks like you have some good knowledge on storage coins, can you please let us know any other coin with same like concept for mining and bit profitable?

Week 8 updates are out but theres not much significant releases for this week. Thats quite disappointing because I was expecting more. But be assured that the PoCC is hard at work to bring us the best Proof of Capacity coin in the world.

Weekly Burst Report #8 – 10/22/2017

• BurstNation is currently working on the implementation of websockets for the core wallets, so that they don’t rely on direct http requests.
• BurstNation released a new asset tool for asset issuers. It is meant to be a better asset exchange application than directly using the desktop Wallet. You can download it on GitHub.
• BurstNation officials informed me that 3 new pool softwares are currently under development.
• Although The PoC Consortium did not make any significant new release this week, its developers are extremely busy. “All I can say at the moment, is that the dedication of the PoCC members to bring Burst forward is unbowed and after more than two months of Burst development we’re not only more efficient at what we do for Burst, but also start to address more challenging tasks. Not all of this work may be visible immediately and quite some of it also takes longer than a week before we can present it”, declared Rico666 today.