Bitcoin Forum

For those who care:

According to http://bitbar.info/stats/index.php

Network hash rate (Gh/s): 1.052 (estimated)

and my little 360khs are there :)

There is a huge difference in the difficulty calculation. Obviously this hashrate is a spike only - where it settles in the long run is a big question.
At least now we will see which difficulty retarget mechanism is more efficient.

Yup. The bid will have to keep up with the difficulty (if it doesn't, miners jump off, and with bitbar the difficulty should retarget pretty quickly, which should hopefully keep it in the game to some extent).

Also, getting on an additional exchange at some point would help out as well no doubt. Beyond that, it's just whether folks take to BitBar...slow and steady should win the race there....not crashing and burning like FC.

Well, and remember it is having POS

Yes, PoW is still important in the beginning, but PoS will take over at some point. Look at PPC, it is churning out tons of PoS blocks right now, probably will take over PoW in 2 years.

Also I believe you begin earning interest on BTB balance after 30 days from inception, like NVC did? I'm not sure if the setting was the same on BTB.

Big deal... royalcoin hit 2GH already  ;D

Where can I see that stat? this RLC pool here reports the network hash rate to be 0.5 Gh/s
http://rlcpool.erundook.net/

BitBar hash rate has been growing steadily over the past week.

Let's see where Royalcoin is a week from now. IMO it's the next CHN and not doing even half as well. Look at the buy orders for it, bunch of people are offering 1-5 LTC for 1K RYC. That's JunkCoin territory lol.

I totally agree. But BitBar is a ground-breaking cryptocurrency. Not going further in details right now, would take me too much time.


Network hashrate: 544 MH/s when I just checked.

It is indeed growing. But an exchange has already added BitBars.


My advice: Do your homework.

Bitbar is premined garbage, 70% of all bitbars were created in the first 30 mins. Scam scam scam.

RYC network hash rate was over 2gh then someone decided to ddos the pools. They just can't handle the explosive growth :)

Umm... RYC had a block reward 5x the normal rate for the first 500, and that likely went to 1 or 2 miners, as a GPU can chew through 100s of blocks per second at such a low difficulty. We will see when a block explorer shows up. So it's also premined garbage by your logic.

Beyond that there's nothing unique about RYC, it's CHNCoin 2.0. It's even attracting similar DDOS attacks.

BitBar and YACoin are the only two emerging alts that have potential right now. Only reason you're hyping this coin is because you got in on it early.

Completely false, I started mining around block 100 and the rate was 1 block was found on the network per 3 seconds roughly.


And the 5x block reward is NOTHING compared to 70% of all bitbars being mined within 30 ins. That coin is a joke and a half.

So, you are telling me that BitBar's block reward and start diff was not a massive scam? Oh, ok..

It is in fact so groundbreaking that you won't go into it. Yep. Groundbreaking instamining of 80% of the Bars at 0 diff with massive block rewards for the first hour. I agree, BitBar is groundbreaking! It's a groundbreaking scam that since launch has spread to new coins. Congratulations if you were part of the inner circle that minted 2000 BTC in 1 hour to dump on people!

Taking block rewards into account at least 375000 RYC were mined during the first 30 mins actually, and how many are in circulation now? At ~5700 network blocks at least 50% of current circulation were mined within the first hour, and block rate has gone down massively since due to quick difficulty adjustments.


No, I don't really care about the premine. I happen to like BitBar because it's more than just a copycat. just pointing out the stupidity of calling BitBar a premine but not RYC. Be consistent...

hey, is there a working p2pool fork avaialble/is bitbar p2pool compatible yet? I threw up a test at http://trollbox.chickenkiller.com:8336 , based on https://github.com/aLQ/bitbar fork.

p2pool won't work until block #9689, right now just mine on a pool. After roughly 2 weeks from now p2pool will work.

What a good dump the BTB got..  ;D

Wasn't looking to mine, I've enough bitbars atm, these damn coins are coming way to fast. Was just looking looking to set one up.

It will be interesting to see where the netwrok hashrate stands after a few weeks. The coin comparison websites are the reason the hashrate jumped enromously, which is unfortunate, but luckily the jumped ship just as fast. Hash rate had been steadily climbing about 50MH/s per day, up to about 700 before the coin comparison websites alerted the quick profit farms. The good news is, due to the long confirm times, the farms won't get anything for about 60 hours, the other good news is with quick difficulty adjustment, it should discourage these farms in the future.

Right now we've settled back down to the pre-coin comparison website hashrates.


Oh, and don't start mentioning royalcoin, you can learn everything you need to know about that joke from the initial post when it was "released".

Bitbar is in it for the long haul, it's got good fundamentals, a great system, good network, and a good name.  It doesn't attract too much attention from the kids around here, or the scammers, which is exactly what you want.

Yes keep dodging the fact that 70% of bitbars were mined in 30 mins.

Its the biggest Scamcoin so far

My advice: learn to spell 'advice'.

My advice: Stop hating and go play with the currencies you like. If you don't like one, that is simple. Leave it alone and go play with yours. Enough said.

Except that is completely false. The first 30 minutes saw 800BTBs mined. Yes, difficulty was low at first, I didn't get any of the low difficulty benefit myself, which I'm pissed about too, but I don't go around acting like a child, trolling other coins. All I need to do is point to the announcements of each coin, I let people judge for themselves.

The hashrate will drop quick as BTB is now less profitable to mine than BTC.

They call that instamining not premining :)

Estimated Network Hashrate   809,981 KHash/s (over last 344 blocks)

LOL @ feathercoin.

thats going to be a big problem for feathercoin.

That's one of the things that has attracted me to bitbar, bitbar seems like a long term coin. Almost all the other recent alts, feathercoin, chinacoin, mincoin, etc seem like instant appear and quickly disapear coins.

what makes you think than bitbar is better than thoses?  Look at feathercoin, it has grown to 5Gh/s network, got on btc-e and still got dumped faster than a friday night hooker.

I would like to see this try and be dumped. How many will be dumped? 20 bars? 50 bars? 100 bars? It is not enough to sway the market easily

I'll continue mining it even if it's slightly less profitable. But right now at this stage of the game that's not even a big deal. It's actually a good thing as it gets BitBar out of the pump and dump spotlight. As pointed out earlier, that sort of stuff kills a coin early on.

Feathercoin had a number of problems.

(please note this is just my opinion)

* Feathercoin provided no actual benefits over other coins, it was a simple litecoin clone.
* Feathercoin jumped onto exchanges too hard and too fast, it had no time to establish itself even if it was legit.
* Feathercoin was very carefully and intentionally marketed and released.
* Feathercoin was a good example of how a group of people made a shit tonne of money by planning the advertisement, promotion, and advancement of their alt from day 1.

Feathercoin could never succeed because it was never intended to, it was never intended (IMO) to be a long term coin, it was alaways a short term money maker.

Why I think bitbar is better and is probably the best alt that's come out in a long time (at least until netcoin - though we'll see how that's released and handled).

* Bitbar has a solid design, based on POW and POS
* bitbar has a solid concept behind it, extreme scarcity/rarity and difficulty
* bitbar has a great name, that rides on the back of bitcoin, and even sounds "official" (this is more a psychological benefit, which does help in reality).
* bitbar has been relatively untouched by scammers, pump and dumpers, and the other trolls that frequent these boards. Bitbar has been steadily and slowly growing over time in the background. That's what a good alt does.

I wish I had more bitbar, and I wish I mined early on, I didn't, I missed out, but I still believe it will be a worthwhile long term alternative cryptocurrency. It's the only one that stands out from the 4 majors.

So let's talk about the network, it's still rising 1.1GH/s now, getting difficult to mine.

Really fast, but I am more relationship if the price growth, is otherwise 10000GH/sec! What use is it?

I sent a Bitbar to Bter. like a day ago. Still registers as 0 confirmations in transaction history. Wat gives.

Look at your transaction here in the block explorer: http://btb.cryptocoinexplorer.com/chains

I've used bter before without issue.

I don't think Bter is to blame, I have also used them without issue. It's the network.. is it really this slow?

Focus is on the price did not rise