What It Means To Create Your Public Key (AKA "Activate" Your Account) - Simply Explained


#1

I’ll try to explain this as simply as I can so that most people can understand.

Any passphrase you type into the wallet is run through an algorithm and “points” at a particular Burst address.

Each possible Burst address can have more than one passphrase that works for it until it has a public key generated (or “activated”) by a transaction.

Once this activating transaction is made, only your particular passphrase works for this Burst address now. Thus, completely securing it.

It is not extremely easy for someone to find a passphrase for a Burst address that hasn’t been activated, but it is much harder for someone to find the passphrase after it is activated.

To Activate Your Account

(NOTE - Although we now have the capability to use lower transaction fees as low as 0.00735 BURST, it’s possible that very low-fee transactions will be waiting for a very long time until confirmed. The possibility of a delay in confirmation just makes things more confusing for new users. So, for now, until there is better reporting available to display the backlog of fee slots, and also manage fees, I believe it’s best to stick with a minimum 0.1 Burst fee, especially to keep it simple for new users.)

The goal here will be to create your public key with as little Burst as possible. You should only need one single Burst. Almost everyone should choose option #1, this Burst you have received for starting is precious…don’t waste it! So there will be two scenarios:

  1. You are planning on mining on a pool. If you change your reward recipient to your chosen pool, your account will be activated. For new users, I would suggest https://0-100-pool.burst.cryptoguru.org/ . There is currently a 0.5% taken by this pool, and it is run by the PoC Consortium Burst developers. After changing reward recipient, you need to wait 4 blocks before the change will take effect (15-20 minutes on average). To see how to mine at this pool, go to https://0-100-pool.burst.cryptoguru.org/ and click on the “info” tab. *

You can go here to see the guide on setting your reward recipient.

  1. You are either going to solo mine, or just hold Burst in the account. The easiest way now, is to just name your account. This only costs one Burst as well. Click on “No Name Set” in the top left corner of your wallet after logging into it with your passphrase. Type in whatever you want to name your wallet in the field under “Name”. Keep in mind that this information is publicly available! Anything you type into the “Name” or “Description” field can be read by other people, so don’t put anything private in there such as your passphrase! *


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Need 1 Burstcoin to start pool mining
New to mining; guess i need a burst coin to start :S -- BURST-67ZM-A699-EMZ5-7DNK6
Looking for a couple Burst to start mining
Burstcoin to start mining
New user- few coins request
Burstcoin to get started please?
Zack from Japan
Please Help
A wink, smile and 3 kowtows
Need a bit of Burst to start mining
Inital Burst request
Need a couple burst to get going
Need burst to start mining
New burst fan. I need a coin!
A few burst to start mining
Looking for 1 coin to get started
New to Burst, could use a jumpstart with some burst!
Need a Burst coin to start pool mining
Noob, need some help pls
I need 1 Burst to start mining. Will payback double and help new comer
Think I need some coins to mine
Getting started BURST-T8N7-APS7-WBU4-ED84Z
First Burst request - Please BURST-D67X-SNDM-QVEP-A7GC6
Used up my coin, can't buy from poloniex in NY, willing to trade btc/eth/trx for 1 burst
Need some burst to get started plz
I need some coins registered with mine, help me!
Need one coin to start
Some burst too
Someone willing to help a new miner brother out with a burst coin BURST-TABG-RPEB-ZR77-62ZJ4
I need 1 burst coin to start mining
Hi... I am new please a few burstcoin to star mining
Need a couple burst to start mining please
Currently Plotting - Need Burst to join a pool?
Getting into Burst mining!
Looking for a burst or two
Need your help with one burstcoin
Getting started and need a seed
I need one burstcoin to start mining
Requesting a burst to start mining
First coin
Need a burst to get started
Help me ! Can someone please share 1 burst
I just need 1 coin please
New to Burst HELP!
Looking for my first Burst!
Looking to start mining but need some help
Some Burst for Boost. Start mining
Trying to get started, need a small BURST of help
Just opened new wallet and need to start
New Burst Miner need a couple of coins
Looking for the first BURST
Need a Little Juice to get started:
Need coins to start pool mining
New and in need of some help! Looking for a few Burst to get started :)
Need 1 Burstcoin for start mining
Hey fellows. Starting burst mining for the first time. So need burst!
Need coin to start mining for me
Coin needed
New guy
Do i really need 1 Bitcoin to farm?
Could I please have some burst to get started
New member in need of coin
Burstcoin request to get started
Get started, need a burstcoin
Want to get started on Burstcoin
Made rookie mistake and spend one burst i got from faucet on name
Need 2 BURST coin to start Mining. Thank you!
Bitcoin is still dead - forgot wallet adress :O
New miner needs Burst to start
Need a burstcoin to get started
Hello everyone New burst'er here!
Help - reward recipient address
New miner needs Burst to start
Hello I'm new to Burst Mining Need Burstcoin to join pool
need 1 Burstcoin to get started.
1 Burstcoin needed for start mining
Want to start mining burst
New bustcoin mining user
New in Burst Network, initial Burstcoins request
Total newbie needs burst please
1 burstcoin needed to start mining pleaseee
Good Morning!
New Miner :-)
Need 1 burst for reward config
Need burst to start minning
Initial Burstcoin Request to get started
I am kind of new and need a few burst to start mining
New here, need coins to get started
Need some coins to get started :)
New miner looking to get started!
Need 1 burst for reward config
Startup assistance
Another newbie, please help
Need 1 coin to do a reward assignment
Seeking Generousity- Initial Burstcoin Request
Asking for 1 coin to start off
New BURST member!
Getting Started, Need Help!
I need 1 More burst coin to join pool BURST-AXHA-TDLG-TWKN-3USDE
Need a couple coins to get started
Request for a single BurstCoin to initalize wallet
I need 1 BURST to start mining BURST-KRMG-AG7X-UA5L-B5R42
Need of 1 Burst to get started
Need some Burstcoin to get started
Few Coins To Start Wallet
Another miner
Hi there. Just trying to get started. Thanks in advance!
New to burst mining, but not Crypto, asking for assistance, and to fill in some blanks
Help needed to get started please
Please help me thx
Help get started!
Need help for mining
Crypto-Hobbyist - Introduction
Im Obviously new, & Non of the faucet sites actually work. The spam Emails are great tho
Newbie wants to start in mining
Burst coin BURST-QCRY-7PR7-C332-BAFB5 im new to this and have no coins to start
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