Yes but there are more then 300-400 new accounts that all started solo mining in the last few days. The age of these new accounts is between some days and a few hours.

New accounts from 26th nov - 2nd dec: 801
New accounts from 19th nov - 25th nov: 262

This are more then 500 new accounts as usual in the same time frame. Most of these accounts started solo mining and this explain the diff increase of 4pb.

+1

That's almost conclusive evidence: Someone or a group have access to a huge amount of VPS's (or a few huge servers) and plotting 30-50TBs for each new account and lets them solo-mine.

Awesome research!  

They most either have substantial costs for this (speculating) or they somehow have free or almost free access to unused space somewhere. As said, it's interesting that they aren't selling...


Can you do a rough estimate on how many coins they can have accumulated so far?

Here is my calculation:

Total blocks in the last 24 hours: 350
Blocks found by these new solo miners in the last 24 hours: 123 (35,14%)

Total blocks in the last 48 hours: 708
Blocks found by these new solo miners in the last 48 hours: 259 (36,58%)

Total blocks in the last 72 hours: 1069
Blocks found by these new solo miners in the last 72 hours: 354 (33,16%)

These numbers are equal with the diff increase in the last few days (approx. 35% - 40%).

rolling out a autonomous cluster of plotter and miner instances is much simpler than managing several rigs for one account.
the most complex part is to keep the wallet private keys secure 
in my experience from the early days i had the impression that you get unproportional more blocks the more percent of the network you provide.
there were days where adding another 10 tb to hundred resulted in mining 20 instead of 12 blocks a day.
there may have been luck involved but i monitored this several times.

Super News!
I'm back from my vacation (if you want to invest, contact me, I'm fully operative now), but I didn't use all the time to relax, I also made a big reinvestment for the BLTPS Project.
Directly from the BLTPS Cloud Mining Journal:


In the main thread, you'll find all the proofs, details and links to the transactions as usual.

Let me anticipate that I'm pretty sure I can hasten the first Burst payout to all our investors, such that it'll happen in December instead of mid January ... more details in 2 or 3 days

Burst Long Term Price Support project
(BLTPS)

Investment Status
Share value: 0.01 BTC - Sold Shares: 410 - Next goal: 650 405 250
Booked Shares (waiting for payment): 60
Hashrate supporting Burst: 647 MH/s (LTC)

Thanks for your contribution, just great

Given this they have daily earnings of about 1M bursts. At current price that's about 1,2BTC, or around $450. For monthly earnings multiply with 30: 36BTC or almost $14K.

Please correct me if I'm wrong.

But if it's correct, it's a decent monthly salary. But how many servers/vps with 50TBs could one rent for a month with $14k? Could hardly be economically feasible.

Still interesting that the volume is so low at exchanges. They are selling little or none. And even more interesting, what would happen with the price if/when they were selling?

A half a dozen of whales can crash the price down to 1 sat atm, looks like we'll have soon a new kid on the block. As for the profitability - rented VPS would be probably bad news - it means they have enough capital to start pumping the market for a final dump and let the P&D carousel seen in other pumpcoins spin out of control in their favour. So I'm actually a bit relieved the market is in standstill now.

There are more cheerful explanations. Some of you may know I've been shopping for investor to realize what dev has been promising in rudimental fashion - actual storage "powered" by BURST (in reallity, gaining edge over competition thanks to mining BURST). So here's the plan - start a classic cloud-dropbox, service which would also mine BURST. You dedicate X TB for clients, but they dont usually use it all, basically rent the promise they can start using it anytime they want. Then, one just deletes plots to make up free space as necessary.

It may be possible someone beat me to it, but there's a catch - there's not been announcement of that service.

PS: I'm still looking for investors, I'd like to do it in fiat (signed agreements, shared incorporated ltd etc), DEX asset would be supplemental at best, currently there is not enough market depth to raise capital for anything worthwhile.

this is the theory: look at the sale offers and the buy offers at the exchanges. at the moment he could not sell so much burst.... if he sell burst for one btc, the price is at 50 sat or below....

so i think he has a long term strategy, if he has one.

Let's see what happens before we call them idiots.

Perhaps they really believe in the project but realize that the price would skyrocket it they were to take a large position by simply buying 30BTC worth of burst in a month. Maybe it's not an astronomically sums to people to do this if they got rich on BTC years ago. Take rpietila's investment and work for monero as an example.

Also remember that we already have whales holding on to their bursts.