Bitcoin Forum

Bether - Bitcoin on Ethereum: BTC + ETH = BTH

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Warning! The Bether Multisig Wallet has been affected by the recently discovered vulnerability in Parity.

Please, do not send ETH to the Bether Smart Contract until further notice.

More info: https://bitcointalk.org/index.php?topic=2008631.msg20246560#msg20246560

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Bether builds on the unique attributes of Bitcoin by using the Ethereum network.

Name: Bether
Symbol: BTH
Max. Supply: 21 Million BTH
Initial Reward: 50 BTH per Ethereum block, halved every 210,000 blocks
Blockchain: Ethereum, ERC20 Token Standard
Security Bounty: 25,000 USD will be distributed in security bounties
Other Details: 0% Pre-Mined, 0% Founder's Allocation, 100% Mineable Token

Website: https://bether.org
Bether Wallet: https://bether.org/wallet/
Source Code: https://github.com/betherproject/Bether
Twitter: https://twitter.com/betherorg

Bether Smart Contract Address: Warning! The Bether Multisig Wallet has been affected by the recently discovered vulnerability in Parity. More info: https://bitcointalk.org/index.php?topic=2008631.msg20246560#msg20246560
Contract Deployed on: Ethereum block number 3,988,727.
Starts on: Ethereum block number 4,000,000.

Inquiries to bether@protonmail.com

Smart Automated Mining

Mining is determined by a mathematical formula that rewards BTH to all miners in proportion to the amount of ETH they have each sent to the Bether Smart Contract.

What is Smart Automated Mining?
It is an open-source, math-based process defined in the Bether Smart Contract from inception. It does not require hardware or monitoring - a simple ETH transaction triggers automated mining.

How does it work?
The user sends any amount of ETH to the Bether Smart Contract, and in exchange, the contract assigns the user (now a miner) a theorical Hash Rate. Using the theorical Hash Rate, the Bether Smart Contract allocates the amount of BTH to each miner every time a new block is discovered in the Ethereum Network. The miner's resulting BTH rewards per block will be proportional to the amount of ETH sent by him/her relative to the total amount of ETH sent by all miners.

How and when is the Hash Rate calculated?
The Hash Rate is updated instantly when the miner sends any amount of ETH to the Bether Smart Contract. Each Wei sent to the contract gets you 1 Hash.

What is the BTH reward per block?
The intitial reward is 50 BTH per block and halves every 210,000 blocks - which is approximately every 36 days.

How are the Miner's Rewards calculated?
The BTH Reward formula is: [block_reward] * [miner_hashrate] / [total_miners_hashrate] per block on each halving. The resulting amount from the Reward formula, will be the amount of BTH allocated to the miner available for claim on each halving.

How much BTH will be issued in total?
A total of 21 Million BTH will be issued and assigned to miners over the entire distribution period of 13,440,000 blocks, approximately 6 to 7 years. No more than 21 Million BTH will ever be issued.

How do I claim my BTH rewards?
Rewards are claimable after each halving in the same offset block of the contribution transaction. To claim your BTH rewards, send a transaction to the Bether Smart Contract Address while calling the claim() function, and you will instantly receive your claimed BTH rewards. The most easy way, is to claim your BTH rewards from the Bether Wallet front-end. If you do not claim your BTH rewards, they will remain in the Bether Smart Contract until claimed.

Do I need special hardware or skills to become a miner?
No. You just need to send any amount of ETH to the Bether Smart Contract, you can do so by yourself or using the contribute feature in the Bether Wallet.

Is this an Initial Coin Offering?
No. The Bether distribution plan is governed by the Smart Automated Mining process embedded in the Bether Smart Contract. It is open-source and purely math-based. We recommend that you perform proper due diligence before sending your tokens away, including but not limited to Bether.

Are there bounty rewards?
Since the BTH distribution plan is math-based and defined by the Bether Smart Contract from inception, it does not offer any Translation-, Social- or Marketing-related bounties. The only bounty available is the Bug Bounty Program, which will be funded by the Bether Foundation.

When does is start?
The Bether Smart Contract has already been deployed in the Ethereum Network. The code is available for review on Github. The release is planned to coincide with the mining of Ethereum block 4,000,000-, which will occur on 9th of July, 2017. Any ETH transactions occuring before then will be returned to the sender (minus network fees).

Is Bether Pre-mined?
No. 100% of Bether tokens will be mined via the Smart Automated Mining code defined from inception by the Bether Smart Contract.

How large is the Founder's Allocation?
There is no Founder's Allocation or reserve of any kind. Bether is 100% mineable and designed to maintain the unique attributes of Bitcoin.

What will happen with all the ETH collected?
All the ETH collected from the Smart Automated Mining will be managed by the community thanks to a voting mechanism integrated in the Bether Smart Contract.

Good luck  :)  :)

 ;D Let's see what happens

In translation it means : "Give me your hardly mined ETH coins"

Seems fishy as hell :/

Thanks.  Clarified the distribution mechanism for the ETH:  ETH that are received by the Bether Foundation are be managed by the community thanks to a voting mechanism integrated in the smart contract.

Clarified that to incentivize the community to scrutinize the smart contract there is a security bounty allocation.

how to mining etherum token
ussualy create etherum token without mining because all coin can hand in dev

I don't know what to think about this ::)

Can we mine it?
I dont think we can, right?

Yea wallet is not working jet 8)

Hope bether will not become bitter at the end. LOL I remembered one coin also, the zeth = zcash + ether. Now, we have bether. I don't know if same dev created these projects. But the good thing here is, 0% premine & 0% founder's allocation but the catch is - all the eth collected will be treated as donations to the Bether foundation.  :o

How do we dig?
No swimming pool

Thanks.  Clarified that the ETH received by the Bether Foundation can only be spent according to what the community votes using the voting mechanism in the Bether Smart Contract.

The Bether Smart Contract will be active in block 4,000,000 in about 1.5 days.  You will then be able to deposit ETH using the Bether Wallet and get hash power by contributing the ETH to BTH Smart Mining Contracts

Nice to have marketing campaigns

Well,
Zether and bether both of them are same,lets wait for Dether and many more ther.
Just curious,what is the purpose of this coin existed in this beautiful world ? (Of course exclude 'want to take your money for free').

Once active, to mine it you will have to get virtual hashing power by sending ETH to the smart contract.  Similarly to Bitcoin, the difficulty increases and the more the hashing​ power, the smaller the reward gets.  Just as in Bitcoin, on each halving the reward is halved but things happen 40 times faster in BTH and each halving is only 36 days.

Only time will tell.
I am new here. My husband
is better in crypto than me :D

This concept is very complicated when we handed out our ETH to get token through new kind of ICO. What future will be of the those ETH which will be locked for mining purpose these will get burned or we can take withdraw when we want to off this.

lol i don't think you can get far away with this, also no mining? what are the plans, to do an ico like with ethereum and directly go to pos? bad idea, i would prefer if there was a mining phase to distribute better the coins

When you deposit the ETH with the Bether Wallet, you can acquire Mining Contracts.  Once you acquire Mining Contracts the ETH pass to the Bether Community.  The ETH continue to be managed by the community through a voting mechanism in the smart contract.

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The coins are 100% minable through a Smart Automated Mining mechanism.  There is no ICO.  There are no founder tokens and the ETH only go to where the community votes they will go.  It's a better distribution than one which requires hardware miners as it lowers the entry barrier and allows more people to join.

Interesting take on mining. Looks suspicious though. I'll keep an eye on this one.

Because it might seem suspicious there is a 25,000 USD security bounty on the smart contract.  Hopefully the smart contract is well scrutinised

This project has nothing to do with ZETH, Zethereum or Dave Wilkinson. BTH already has a smart contract published on Ethereum which everyone is free to inspect:


Bether Smart Contract Address: 0xac2e5be23611c685676cb8e824303030cdb97fbb
Source Code: https://github.com/betherproject/Bether

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Thanks.  What would you like to see in Bether as a marketing campaign?

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7 hours for the smart contract to be activated!

How many ETH needs to be sent? ???

There is no minimum amount of ETH to be sent.  Each Wei sent to the contract gets you 1 Hash.  The resulting BTH rewards per block will be proportional to your Hash Rate relative to the total Hash Rate of all miners.

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2 hours for the smart contract to be activated!

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1 hour for the smart contract to be activated!

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Ethereum block 4,000,000!

Bether Smart Contract to be activated!

Is there a minimum ETH amount to contribute and become a miner?

No.  There is no minimum amount of ETH to contribute and become a miner.  Each Wei sent to the contract gets you 1 Hash.  The resulting BTH rewards per block will be proportional to your Hash Rate relative to the total Hash Rate of all miners.

Sorry man, first thing I thought of when seeing this was ZETH :D :D :D

No thanks, I'll stay away

I transferred 0.01 ETH to my BTH wallet to test, and when I try to contribute with 0.00999 (to take into account fees) I can't contribute... what is happening?

Thanks. This was clarified:
How to contribute
2 ways to contribute

• Using the Bether wallet, once you have ETH deposited, click the amount you wish to contribute. Note: it will take about 0.005 ETH to execute the contract so remove 0.005 ETH from the full amount
• Using your favourite wallet, send ETH to the Smart Contract address 0xac2e5be23611c685676cb8e824303030cdb97fbb - Note: make sure to raise the gas limit to 200,000.

Ok... thanks... but now wallet is down  :o

You can try and change the node on the top right.  Alternatively you can use your favourite wallet to send to the smart contract directly.

182 ETH contributed already.

Wallet down for me also.

Anyway, I have invested earlier. See you in next halving.

for all the idiots sending ETH

I understand you have been scammed before by some Dave Wilkinson and he deeply hurt your feelings and I feel sorry for you.  I'll copy/paste my previous answer to your same comment.  Kindly add some supportive evidence to your very red statement.

Previous answer:
This project has nothing to do with ZETH, Zethereum or Dave Wilkinson. BTH already has a smart contract published on Ethereum which everyone is free to inspect:

Bether Smart Contract Address: 0xac2e5be23611c685676cb8e824303030cdb97fbb
Source Code: https://github.com/betherproject/Bether

It's really hard to convince people here especially that your project has coinage similarity with zeth and other projects that combined 2 known altcoins that turned out to be scam or crap. Anyway, if bth is really serious, it will show in the development stage and you can still gain loyal supporters even if there are people still doubting your motives. You need to prove them in a hard way.

I see only about 85 ETH invested

Hey people now you could also send me your ETH tokens to my address and then I have a smart thing in my pants which will decide what to do with them, no worries just as long as you all stick to this mechanism of mine so jumpy :D :D
I haven't seen such a blatant thief in a while, why would we use your bether when there is ETH itself? you can't outsmart ETH by any smart contract now can you?
Byteball at least has some balls in it and only asks for a message being signed not sending tokens to start mining.

Wow suprice btc+eth=bth  8)

Hi Dev. What is Wei? How much is it?

Who sent ETH, now digging？ ;)

Warning! The Bether Multisig Wallet ( 0xB4e63046001074B223872137174EeC63A7e12Cf5 ) has been affected by the recently discovered vulnerability in Parity.

https://twitter.com/ParityTech/status/887747980719206401
https://blog.parity.io/security-alert-high-2/
https://press.swarm.city/parity-multisig-wallet-exploit-hits-swarm-city-funds-statement-by-the-swarm-city-core-team-d1f3929b4e4e
https://www.reddit.com/r/ethereum/comments/6oalcq/important_wallets_created_with_paritys_multisig/dkfweny/
https://www.reddit.com/r/ethereum/comments/6obofq/a_modified_version_of_a_common_multisig_had_a/
https://twitter.com/myetherwallet/status/887750427483152384

The total amount of funds from Bether contributors ( 202.122540786 Ether ) has been drained.

https://etherscan.io/address/0xB4e63046001074B223872137174EeC63A7e12Cf5

All collected funds from Bether contributors will be promptly returned in full. It is a very unhappy event but a security bounty had been previously allocated for any bug found in the code. The bounty can cover 100% of the stolen funds and funds will be returned to their owners. We will soon launch a new contract after a security review.

Nevertheless, the great news is that no security bugs where found in the Bether Smart Contract and that the bug found which affected thousands of users involves the third party method for creating the multisig wallet and not the Bether Smart Contract itself. Kindly understand that this bug from the creation of the multisig wallet was difficult to forecast and affected a great number of parties in the Ethereum eco-system.

Important: Please, do not send ETH to the Bether Smart Contract until further notice.

Good that there is no loss.
After relaunching the new smart contract, can you favor the ones who invested in the first contract and took the higher risk ?

I backed you guys and have heard nothing since the Eth was drained - are we going to get our refunds like you promised and the chance to invest again or have you stolen our money?

Hello guys, any notice since july from Bether? I try to contact by email(bether@protonmail.com) but no one response... >:(