Hi there, another newbie here looking for their first coin! {BURST-TS8F-RPZV-B6W2-3LHAS} {Done!}


#1

Hi everyone! I think I’ve finally figured out how to do this whole Burst thing and am now getting ready to start mining! (Woo!) Hoping to get my first coin to set up a name and set my reward recipient.

I’m at:
BURST-TS8F-RPZV-B6W2-3LHAS

Thanks!!

indig0


#2

Please read all of this post carefully because this is the only coin I will send you.

Not trying to be rude, just want to make sure you do not waste this coin as the first is the most valuable.

I just sent a coin your way. You will not see the coin until your wallet has finished synchronizing.

Please come back when you have earned some coin and help others get their first coins. Pay it forward. :slight_smile:

The following are some notes from the process I went through to get started. Hope you find them helpful.

You only need one coin for reward assignment when joining a pool. Joining the pool will get you into the system. You do not need to send any others.

I recommend watching the following video on YouTube to learn how to get started.

I wish I had watched this video before getting started. It would have saved me a bit of frustration and a squandered coin.

I also recommend you perform all actions through the Qbundle software. When I first started I tried setting the reward recipient (for pool mining) through the web interface for a pool and ended up wasting a coin. I also gave up on trying to configure creepMiner and am just using Blago Miner that comes with Qbundle.

When you finally get your system up and running you will likely see a warning message like the following

“Warning!: Your account does not have a public key! This means it’s not as protected as other accounts. You must make an outgoing transaction to fix this issue.”

If you will be joining a mining pool then ignore this message. Setting a “Reward Recipient” to get into a pool will be your first transaction which will get you a public key and the warning will go away.


#3

Wow, thanks so much! That’s a ton of useful information!!

One quick question: the video says that setting a reward recipient costs an entire Burst, but in Qbundle it’s allowing me to set the transaction fee down to a minimum of 0.00735 Burst. Is there any detriment to using the lowest allowable fee amount? I’m guessing that it will take longer to make its way into the chain?

Thanks again!!


#4

Using the lowest fee amount is possible, however there could be a queue for that tx cost. The transaction costs are slot based, so if that amount is already taken on one block, then you have to wait. If there is a long line of lowest cost tx, then you are at the end of that line… waiting for that many blocks. There is no need right now, though to use 1 whole Burst. I just use 0.1 without worrying about it.