So I’m new to this whole mining thing but so far, really enjoying it! While determining it’s “value” I’m a little concerned with ROI however. I created a calculator because the current ones that I could find online weren’t instilling a lot of confidence in the coin. Turns out mine isn’t either!
For instance, if I’m mining with 2 8TB hard drives with a total cost around $325USD, I would expect to see something like $0.39/day solo mining with a network difficulty around the 350,000 mark. But that’s just to start. With the 5% reduction per month, I won’t ever see a return on my hard drives before BURST is totally mined out in 2029? (The actual amount mined is actually past this estimate)
Is that about what I should expect? Is my math way off? (Could be)
Which leads me to my second question. When all 2,158,812,800 BURST is mined out, what then? What’s the incentive to keep these hard drives online?
Either way, I think the PoC model beats PoW any day, especially if we can get some distributed storage online for cloud services. Middle Out??