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Introducing Bithereum's "Proof-of-Uptime" (PoU)

Bithereum Network: https://bithereum.network/
PoU v2 Blog: https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

Bithereum

Bithereum (BTH) is a hard-fork of Bitcoin in combination with the technological roadmap of Ethereum to create a more technologically advanced version of Bitcoin, structured around a PoS-influenced node incentive model called PoU, or Proof-of-Uptime. A hard-spoon snapshot was taken of the Ethereum blockchain on December 12th to reward ETH holders with BTH (https://medium.com/bithereum-network/bithereums-hard-spoon-snapshot-is-complete-c1814024ea9a). The network forked off of Bitcoin at block 555,555 and has been live as of January 5th. Bithereum is PoW and uses an Equihash 144,5 mining algorithm.

More information can be found at our official ANN: https://bitcointalk.org/index.php?topic=4738533

Proof-of-Uptime (PoU)

The Bithereum Network has officially introduced a new concept called “Proof-of-Uptime”, or PoU. In every other PoW system, including Bitcoin and Ethereum, there is a misalignment of incentives when it comes to full nodes. Though running a full node is absolutely crucial to the success of the network in the first place, there is no model in place to incentivize this, relying on people to be ideologically attached to a project rather than financially incentivized in the way that every miner is.

In PoU, the amount each full node will be awarded with will be based on their node’s uptime; the higher amount of uptime a node has, the higher their reward payout will be, however even a minuscule amount of uptime will generate at least some reward.

Running a node in Proof-of-Uptime is also different than running a "masternode", as it doesn't require you to hold any BTH in order to get rewarded. You can run a full node holding ZERO BTH. However, holding some BTH will give you greater rewards than none. The amount of BTH you are holding in terms of BTH’s USD price will determine how much you can earn each week. Payouts will be issued once a week on the Friday of every week, unless noted differently by us.

Check out the blog for more details including the payout structure: https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

If you need help with running a full node, check out https://bthfaq.com/ for a tutorial for doing so.

The official release for Bithereum can be found here: https://github.com/BTHPOS/BTH/releases.


Referrals

*Note: The Referral system will be ready soon and we will notify everyone and update this blog when it’s live. Directions for referring will also be posted.

Proof-of-Uptime will have a built-in system for referrals. Any individuals who have reached 100% sync status on their full nodes can refer other individuals to run a node. Upon 100% completion of syncing, both parties will recieve 1 BTH. There are a total of 10,000 BTH allocated for referrals, and rewards will continue to be distributed until this allocation is finished. Upon running the Bithereum Full Node Launcher, you will be given a unique key which will function as your referral ID. This key will be used by others who you refer to run a node. More details will be added here soon as to how to do the process correctly.


For further communication and support:

Discord: https://discord.gg/wbsnuGN
Telegram: https://t.me/BithereumNetwork
Twitter: https://twitter.com/BithereumBTH
Facebook: https://www.facebook.com/BithereumBTH
Medium: https://medium.com/@bithereumnetwork

You had me at "hard-spoon".

Yes, the wonderful "hard-spoon" coined by the Cosmos team: https://blog.cosmos.network/introducing-the-hard-spoon-4a9288d3f0df

We used the concept of this to reward all ETH holders with BTH as well, since we're basing our PoS model from the Casper protocol: https://medium.com/bithereum-network/bithereums-hard-spoon-snapshot-is-complete-c1814024ea9a

We are working to get the Bithereum Node Launcher up by the beginning of next week. The node launcher will make it easy for people who may not understand the technical ins-and-outs of setting up a full node.

If you would like to run a full node you will have two options: running an archive node, or running a pruned node.

An archive node is a full node that contains every single block within the BTH blockchain, and is suitable for someone who has the additional disk space for it (212 GB). A pruned node on the other hand, stores a specified amount of blocks at any given time and is suitable for someone who has less available disk space (between 16-32 GB).

In the coming days we'll be providing tutorials on how to use the Bithereum Node Launcher and how to set up an archive node and a prune node.

Feel free to ask us any questions!

The issuance for week 1 of Bithereum's Proof-of-Uptime full node rewards went out today!

Bithereum is bringing back the importance of full nodes through incentivization where ANYONE who runs a full node can earn rewards. Not just those who lock up a large portion of a coin like masternodes; you can earn full node rewards even if you have zero BTH.

Learn more about Proof-of-Uptime and how to earn rewards for running a full node here: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

Week 2 payouts for PoU have been distributed! In a few days, the Node Management Tool, formerly referred to as the full node launcher, will be completed and this will be needed for issuing PoU payouts as this will automate the payouts and checking uptime.

A preview of the node management tool can be found here: https://twitter.com/BithereumBTH/status/1104138860659908608.

We're very excited to get this out because it will make PoU super easy to be a part of with managing your nodes and adding new nodes, as well as being able to refer others to get you and someone else some additional BTH.



The insight node has completed rebuilding the chainstate and the explorer is back up: https://insight.bithereum.network/. We also have a backup so in the event we need to update our insight node again, the explorer won't go down.

Our payouts for full node rewards for Week 3 will now be based on balances since we'll be able to pull that info from the explorer.

We're pushing to get the node management tool out as soon as possible to make running a node and issuing rewards far easier.

Week 3's payouts for Proof of Uptime have been issued! 41 people running Bithereum full nodes have been rewarded for doing so. Once the Node Management Tool is ready people will be able to run a pruned node with as little as 8GB of storage and earn by referring others to run full nodes as well.

Learn more about Proof of Uptime here: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

Another week, another successful Proof of Uptime payout! 57 people running BTH nodes have been rewarded.

If you're not earning from running a node, what are you waiting for?

Learn about Proof of Uptime: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

after how much time a reward is received ?

The Bithereum Network continues to grow with 72 BTH nodes getting rewarded this week!

Once the node tool is finished you'll be able to run a BTH node with 8GB of storage and earn BTH weekly for helping to support the network and earn further rewards by referring others to run a BTH node as well! No BTH is required to start and no lock up required either!

We'll be releasing a second iteration of the Proof of Uptime payout structure along with the node tool to incentivize enabling port forwarding, so be on the lookout for that soon!

PoU rewards are distributed once a week. Week 6's payouts were distributed today!

Week 7 PoU payouts have been distributed and 89 nodes have been rewarded!

100 nodes will be a HUGE milestone, so come on and run a node and get rewarded for it!! No BTH required.

PoU payouts for this week have been distributed and 90 nodes have been rewarded!!

If you want to run a node with as little as 8GB of disk space and earn BTH weekly without needing to have any BTH to begin with, read this blog right away!!! https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

100+ BTH nodes and counting! Proof of Uptime payouts for the week occurred yesterday and 102 nodes have been rewarded.

Node count has been increasing week after week; the network is growing, becoming more secure, and more people are earning by participating in PoU.

Start running your BTH node now!!

PoU payouts for this week have been distributed and 130 nodes have been rewarded, an increase by around 30 nodes!!! 😁

If you want to earn BTH weekly without needing to have any BTH, read this blog! https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

We are very excited to finally unveil full node hardware devices for Bithereum!!

It’s time to welcome nimbleNODEs into the world: https://nimblenode.io

PoU for BTH can be run directly through these devices, and rewards will come in every week. These devices pair with a sleek app, allowing easy access to your BTH node from anywhere in the world!

For details/screenshots, check out the following blog: https://medium.com/bithereum-network/simplicity-meets-crypto-introducing-nimblenodes-for-bithereum-7c96f3798b61

PoU continues to go strong this week! Payouts have been distributed and 142 nodes have been rewarded!!

142 nodes worldwide supporting the BTH network (and getting rewarded for it) and counting!

If you want to run a node with as little as 8GB of disk space, and earn BTH weekly, read this: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

PoU payouts have been issued for the week and 145 BTH nodes have been rewarded!

So why aren't you running a BTH node and earning weekly rewards yet??

https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1

173 BTH nodes have been rewarded in this week's Proof of Uptime payouts! Bithereum is growing STRONG!!!

Start running your BTH node today and start earning crypto!

Proof of Uptime payouts for the week have been distributed, 177 BTH nodes!

The node tool is almost complete and will streamline the node running process, track uptime/tiers, and automate payouts weekly. It will also come with referral links to earn BTH for referring others to run a node.

Another round of PoU payouts were distributed earlier this week with 181 nodes receiving rewards! The node count has increased week over week since PoU has begun.

The source code for the node tool is now on github: https://github.com/BTHPOS/node-management-tool.

As soon as we finish up the builds for mac/windows/linux and run a few more tests we will push this out to the community.

The node tool will make it super easy to keep track of all of your nodes plus you'll earn rewards for referring others to run a node as well, stay tuned!

The Bithereum Node Tool has finally been released! Now available for Mac/Windows/Linux: https://github.com/BTHPOS/node-management-tool/releases

Running a node has never been easier; in a few clicks you can run a BTH full node and earn crypto weekly via Proof of Uptime!

Check out our PoU v2 blog for details! https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

This tool is a game changer. With all the sentiment regarding running full nodes, we’ve designed a way to make it as easy as it gets, while creating an incentive model to do so. It only takes 4GB of storage to run a BTH full (pruned) node, so start earning crypto today!

Have you heard of Proof of Uptime yet?

Are you earning crypto from running a full node?

Do you know about the Bithereum Node Tool that helps you run a node with just a few clicks?

If you answered "No" to any of these, check this out: https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

After one week of PoU v2 and the node tool, BTH officially has 350 nodes across 19 countries... and counting!!!

Node map: https://node.bithereum.network/#!/

We have officially began a Referral System for the Bithereum Node Tool! You will get 5 BTH the first time you enter your address and get your referral link, then you will earn 1 BTH per referral as will the person you’re referring. There are no limits on referrals. Let’s get this going and reach 1000 full nodes for Bithereum!!

https://nrs.bthfaq.com/

Another week, another PoU payout!

We now have 650 BTH nodes across 21 countries!

Yes.. you read that right: https://node.bithereum.network/

Bithereum's Node Tool tutorial is now available on Youtube!

https://www.youtube.com/watch?v=C9heigHV4jk

251 Bithereum full nodes were rewarded in this week's PoU payouts!

Today we have refreshed the data on the node map to only reflect active BTH nodes since we want to provide the most accurate information!

Check it out: https://node.bithereum.network/