Bitcoin Forum

Full transaction record of coins swapped over

Below are full transaction records of the coins swapped over.

GREEDYJOHN

12 Litecoins

CryptoHunter

12 Litecoins

MacStone

3 Litecoins

LongTDP

1.594573 Litecoins

bluejean
0.5 Litecoins

Total  = 29.94573

Keyser

0.1 Bitcoins

bluejean

0.05 Bitcoins

GREEDYJOHN

2.0 Bitcoins

Total = 2.15

rpcuser=beecoinrpc
rpcpassword=somepassword
rpcport=22233
server=1
daemon=1
addnode=204.12.230.98
addnode=115.28.200.22
addnode=149.210.166.111
addnode=50.31.240.238
addnode=116.17.76.154
addnode=119.125.74.62
addnode=223.62.181.60
addnode=183.37.11.57
addnode=192.241.215.76
addnode=137.116.228.241
addnode=178.22.50.210
addnode=93.188.163.198
addnode=223.62.181.60
addnode=107.170.22.138
addnode=89.137.177.116
addnode=95.215.97.247
addnode=59.37.164.129
addnode=118.251.202.84
addnode=222.242.142.130
addnode=118.251.202.84
addnode=36.80.15.51
addnode=14.215.209.101

Poll is now open! :)

Blake256 needs to be added to the poll.

It's a better, more efficient algo than any you have listed.

Also...sha3 is keccak...might want to fix that!

Nice to see beecoin back on track. Thanks soopy this is much appreciated.

I have a very good feeling about beecoin. I have spoken to a few people about it and i know 2 other people that are doing a few things for beecoin that will be ready shortly.

Also exchanges are going to be required for after the algo switch. So if everyone can keep voting on mintpal and others. I too am doing this and progressing with the new website.

Thank you very much for your kind suggestions , updated.


Thank you very much Victoria, heard you are working on the new website for BEE , can't wait to see that.

Thank You :)

Yes, it won't be ready for a bit but things are coming along.

I didn't know which algo to vote for as yet so doing a bit of research around. X11 seems popular now. POS is something i don't understand perfectly so just reading up on it now.

I am still thinking, I do not know what to choose, but I want POS.

Pos can be applied to any actually it does not matter , I'm in for POS too! :)

Guys...you get Gh/s with blake256.  It barely uses any power compared to other algos, resulting in very low gpu temps.

Plus, blake algo coins will soon be merge mineable.

X11 is shit...as are other waterfall algos.  I'm not sure what the hype is.  It was great when it was cpu only.

Plus...you guys do realize that the gpuminer for x11 isn't optimized whatsoever...There are guys with compiled miners that net 10x the hash that everyone else gets. (the average joes)

Keccak is like blake, but less efficient. (still better than x11) (Both blake and keccak were sha3 candidates)

Scrypt-N...god no.  I understand it's asic resistant, but that's actually a bad thing.  And why do you want a coin with an algo that is significantly less gpu friendly than any other?

Do your research!  Pick Blake!

Thank you very much for kind insights for everyone on the Algorithms mate , true while x11 is asic resistant at the moment , but will not be so in the future therefore everything is open at the moment , we are yet to decide what's best for bee.

Ofcourse it's Giga-Peta hashes equally spread out is what secures the network , we need those too.

Good to see beecoin  comes back on track!

As for the new algo, I think either Keccak or blake is ok, seems like blake is more GPU friendly? I don't really like Scrypt-n and X11, I had tried them before ,but really don't like them.

Looks like the bee pools are gone one by one, now I have to go on solo.

If we can modify the p2pool adding beecoin, so that all the bees can come together in a big p2pool, that will be nice.

Whoever is voting for x11, shame on you. After all the drama in the last couple of days about x11, it's become crystal clear that the average joe miner is being suppressed and inefficiently mining while a select few mine with a more optimized mining software which potentially gives them higher gains. It is the only reason why some members would cry bloody murder when confronted with providing technical answers as to why x11 is more energy efficient and/or secure than any other chained algo.

I personally think Blake256 might be the way to go. Reading http://www.reddit.com/r/CryptoCurrency/comments/1xue3t/blakecoin_blake256_optimized_faster_than_scrypt/ (http://www.reddit.com/r/CryptoCurrency/comments/1xue3t/blakecoin_blake256_optimized_faster_than_scrypt/), and it looks like a very promising algo.

Edit: also, anyone mining at bee.updamoon.com? Coins haven't been confirming for hours. I'm not sure when it started but it's definitely been in the last 24 hours.

Maybe you should try solo mining at the moment.

mac wallet ?
and why should i mine this

Compiling , because it has alot backing and plans ahead it and 0% premine.

compiling? that means wallet will be posted within the next 30 minutes right? thank u!!

waiting for it. will post feedback.

Good news, I'm looking forward to you mac wallet too.

soopy452000, compile ready?:)

In a few hours mate. Will post when ready also.

Will be Sharing equal worth of SherlockCoins (SHC) for every donation for BEEcoin! :)

why compiling takes a few hours ??

Solo just isn't an option when all I can do is 100Kh/s unfortunately.

I'm speaking with pool owners to get more new pools.

PS: Is http://bee.bondni.com/ working for you guys?

I think we should fork p2pool and add beecoin into the network config file, so that all the bees can run their p2p nodes and join as a global p2pool.

Oh, greate! Finally, we have a new topic. I'm still busy :(. Seems I lost somethings interesting in Bee Community? About the poll, are the blake256 algo available with POS?

Blake256 with POS sounds interesting for sure.

Blake is the bee's knees of Algo's for GPU's.   :D

hi soopy45 plz post link to mac wallet :)

HI Everyone in new thread.

BEE needs some rush on twitter. Please twit about bee.

Voted for Blake.

PEACE

Vote Blake, and he will ;)

Hi soopy, do you think that blake is better than x11?

We need something that is tried and tested.

Can POS be combined with blake? We may have to change or modify the options presented in the poll.

Blake256 with POS updated.

Planning a BEEcoin Giveaway for Honey Bee Hobbyists! Through the BEEcoin Fund! :)

BEECOIN FUND OF 8BTC CAN BE RAISED IF 40 GOOD MEMBERS DONATE 0.2BTC EACH. THIS EQUATES TO LESS THAN $100 AT CURRENT BTC/USD RATES FOR EACH OF THE 40 GOOD MEMBERS.

THIS IS JUST AN EXAMPLE. WE CAN TURN BEECOIN INTO A $$$ MILLION INVESTMENT.

I have made the changes to accommodate your request my friend.
Blake has it's advantages and both have been tried and tested.

It's just a matter of time for the votes to come in I believe.

Change one vote from x11 with POS to Blake with POS, sorry.

Make sure you tell the dev.

I voted for blake256, but would have rather preferred blake256 with POS.

Make sure you tell the dev.

Just to clarify, do you mean to send soopy a PM? Because you know, posting in this thread would indicate that we are letting the dev know.

THIS SHOULD BE FOR MEMBERS WHO VOTED FOR BLAKE256, BUT WANTED BLAKE256 WITH POS. THIS IS NOT CHEATING, BECAUSE THE POS ALTERNATIVE WAS POSTED LATE. MEMBERS CAN PM SOOPY IF THEY LIKE, THIS IS NOT CHEATING EITHER.

No Worries I will count all votes for Blake256 as Blake256 with POS.

Donations would also have been nice to receive since votes and all the necessary agreements are being reached upon.

I saw yesterday that cryptohunterwas in the credits sections along with greedyjohn for advising, marketing etc. Why was his name removed ? This is the coin associated with cryptohunter correct?

Yes cryptohunter is anyway with Beecoin extending his undivided support , cryptohunter specifically needed a time off as per his advice and direction I was requested by cryptohunter himself to take it off, till he comes back and becomes ultra active with Beecoin.

How can i download the new wallet

Hey Everybody have noticed that We really need to get on a good exchange or else their won't be anywhere to trade Bees!

Currently:

EXCHANGES
https://www.cryptorush.in Bitcoin market removed still trade for LTC/DOGE/POT Can't withdraw LTC though, plus everything at your own risk
https://www.allcoin.com/trade/bee_btc Bitcoin market removed yesterday still trade for LTC
https://coin-swap.net/market/BEE/ Beecoin removed
http://pmtocoins.com/Site down
http://www.178coin.com Beecoin removed


So Keep voting on Mintpal, We are currently 29th on the list or about 5.21 BTC worth of votes away from the top!  If you can't afford to buy votes just try and vote multiple times a day with the 5 free votes an hour!

Hey all! Just found that coin. You are all discussing about algo change. Why? Why do you need this? Because of profit from coin?.. That will be fail. In my opinion, you should change not the algo, but the conception of coin.

E.g., let have some look at CarboinCoin. I didn't know nothing about it till yesterday and I've found that it has been relaunched. The devs are planting trees! Simple thing. But it's great! It makes coin to be not like others with some material "background". I'm not advertising it! All I wanna say that you can ... how to say... I don't know, help bees for example. Everybody knows that their population decreases. And if they will gone, all will gone. I think that you understands me.

So, in two words. Don't change algo, change coin concept instead. Now it's like nyan, meow, doge and so on.

Thank you.

http://votemp.weebly.com/

A lot of coins got banned from the list for using automated voting. I should know as I reported a few of them myself.

The wallet ? ? ? ?

The donation ? ? ? ?
 

We need  donate extra than 3btc to get even a current wallet?why?
Seems bad, and the block taxing the developer will receiving also?
Beecoin good start nice comunity but not sure developer.too many projects i think.

it is not the devs fault, remember that beecoin had zero premine.

Block taxing is not mainly for the developer but for Beecoin to sustain and to fund future projects , remember this is not a pump and dump coin. I haven't taken 3 BTC for the current wallet we are looking at the entire picture here.
I have given BEEcoin a start and I was not expecting much from you here , these expenses were born by me and I was backed by John and Crypto hunter and a few generous donators to help me help BeeCoin , John came at a time I was at immense pressure and helped me come back up , which I will never forget what he did for me and give all of him , you should not forget too what they did and are doing to bring back BeeCoin and bring a good future for the BEEs , a word of respect would be wonderful than complaining.
Some people never see good around them, just sad.

~SoopY~

No one seems to consider Grosetl as an alternative algo, curious as to why?

It runs cooler than X11, has CPU and GPU support and there is no negativity around it like there is with x11 and the mysterious optimized version supposedly out there.

We will change both algo and concept.

The algorithm change is a necessary upgrade, for performance purposes. We need an algorithm that is energy efficient, secure and fair. We also need to incorporate BLOCK TAX into the algorithm, because beecoin was not premined.

Even though we accept initial donations, block tax is essential, because the initial donations are not even enough to partially re-imburse the dev for his personal expenses.

Block tax will be used to partially reimburse the dev, to fund games/faucets and for beecoin project.

Members are reluctant to donate, so block tax is essential.

LAUNCHING A CRYPTOCURRENY IS EXPENSIVE - THERE ARE HIDDEN COSTS. We may even have to pay a fee, to get on a decent exchange.

I don't say anything bad,but take so long to make a wallet? .I think to busy to help beecoin.3BTC is a lot to make any coin. What take so long? also best pay after job done not before job starting. Finish job then payments. Not saying you are trying scam us but never pay first on this board i know about it.Very unusual way to conduct.

More than 8btc x2 no way. Very bad. Tell us.

OK, send the dev a PM. I will send him a PM also, regarding the new qt client. I just wanted to give him time to get it right. He is working behind the scenes. We also need to get the algorithm sorted.

Lol you are openly attacking a Dev who took to support BEEcoin without asking anything back and now you saying I asking money to release the wallet?Mate get your facts straight.

If you want you can help out , if not then you can refrain , it's your choice this is a democracy.

You aren't forced to do anything.

But openly attacking attacking the Dev or the community or disrespecting the same is unappreciated.

You think making coins can be done out of thin air? lol.

Please get your facts straight before posting any more vague replies.

Ofcourse I've noticed there are many people like you trying to pull the leg when there is something being done.

I just don't care!

I just tried

https://www.allcoin.com/trade/bee_btc

and it said the market does not exist and I was redirected to the site home page. Like you said there is still a BEE/litecoin market there. They must have recently removed the BEE/bitcoin market because BEE was trading below 1 sat.

They fixed the OpenSSL bug quickly though. The top of the site currently says

We've solved the OpenSSL Heartbleed Bug and passed the safety test

And ofcours I'm not looking to run away with anything? lol I'm a developer not some one looking for money if I wanted it then I would have not support or help develop many coins in the beginning and would have asked payment every time I was suppose to do an update.
It's not the wallet that I or John are talking about it the respect you have for something you are getting free , which you respect is nil and lol I was asked by John and cryptohunter to help get BEE back on it's feet a few weeks ago and we discussing things on the previous thread and people including John and cryptohunter were helping out getting there , I was giving my everything and ofcourse they funded to get new nodes for the Algorithm change since we have to have 51% of the new nodes with the wallet when we are in transition to the new algorithm , where were you and your patriotism them? I've given John the break down and everything is spent on BEE not for me to buy a Villa in Las Vegas mate I have invested more than I invested have for BEEcoin out of my pocket and you want me to live just breathing? Where is your humanity and respect for something you are getting free?

You can't expect to have free mean and not give anything back to the community? at least have the courtesy to respect that, I hate to say but I do not tolerate disrespectful individuals.

I think everyone should just calm down. He wasn't trying to say that you asked for money to release the wallet; he took GREEDYJOHN's response as such, and to be completely honest it came across as if he was asking for donations before the new wallet was released. It was a bit distasteful.




The BEE/BTC market has been gone for a few weeks now.

Some people should understand what's going here mate , before they even post a reply.

BEEcoin will be on a new exchange within the week.

They are in the process of upgrading otherwise it would have been added already.

~SoopY~

If only bee.updamoon.com would fix their pool. Blocks haven't been confirming there for days now. Sent an email to them and still no reply.

Any hint of what exchange?

Thanks for the hard work Soopy!

Hey guys, let's not argue. Soopy is trying to help us out. Also nobody has to donate if they don't wish to. Yes, i know a few of you guys said you will help out when things are completed. That's fine we need not argue now over this. John did not show you the full break down so that is why the target btc seems expensive.

He showed it to me and i saw things like...

2BTC for buying onto good exchange,
2BTC for android wallet

some for servers for nodes ...


etc etc, but these things yes can come after the new algo and we can gradually get investments and interest will grow then when people see we are seriously going to redesign the coins structure.

I agree investment is very important because without it we can not get everything we would like done. However firstly is community spirit. I support Beecoin because it was the first 100% fair launch i have seen in nearly 1 year everything seemed to go perfectly This coin would have already been a much bigger success if the old dev did not abandon. However, since i believe he did not get many coins or perhaps not even mine he later lost interest or ran out of funds for things. It seems he paid for BEE to go on crytorush etc so he did more than he ever got back.  I would never think i would say this but really you can be too fair as a dev, if you leave yourself with nothing then you do lose interest. The block tax idea should how all coins are done, the developer gets a 1% share of all blocks but it is gradual so no dumping and incentive to push the coin forward at all times.

So anyway i hope everything will continue to go well for this coin, it deserves to pick up a bit due to it being fair and you guys wanting to help donate to the bee saving charities.  

I know some people are planning marketing drives after the algo switches and beecoin is stable and people can download a wallet and stick with it. I too have mined a lot of beecoins even with just a fraction of rigs on it since it is very easy to mine. I will be giving around 50% out in marketing ideas.  For now just keep a rig or 2 on beecoin and be ready when the algo changes over and is working well get ready to tip soopy an ltc or 2 if you can. If you do not have funds in crypto to give then support in other ways perhaps marketing, social, ideas for the coin, anything but bee active if you wish to see the coin do well. If you sit back and do nothing and rely on others progress will not be very fast.

I have noticed this community is great considering it's size which is why i do support beecoin and will lend as much help as i can to you guys as often as i can. I support the idea of saving bees and i really like the perfect launch.

This coin was actually an example to all coins of how to launch from the miners view point.

Anyway beecoin has soopy now and he is doing his best to help take the coin to the next level. Support him in any form you wish be it feedback on things or asking questions, giving ideas. Whatever but don't give the guy a bad time already. If he is taking a bit of time then just give him a little bit of time. Remember though if soopy shows great results and helps your beecoins rocket in value... should we not pay him back for his work? developers have to survive and eat too. Yes wait for sure if you want but please do not forget him once the job is done.

Also soopy is a coin developer, he is not a marketing or community manager.

We need 2 people for marketing, and for managing the community...  do we have any volunteers?

In return i offer from my own beecoins  - 5 000 000  per week each person. This is like a job. For this you will need to come up with ideas , discuss with community, build action plans, and then with community help take action.

This figure may be reduced or stopped but you will get a weeks notice before it happens so you will always get paid for your work.

We will need to vote on certain things using the thread in some cases before action is taken. Also no huge marketing yet until we have the latest wallet for now...and then the latest wallet for the new algo beecoin.

I offer now again 5 000 000 beecoins to anyone who will PM every single person on the last thread and tell them the new thread is open and they should come and vote on the new algo change and check out the new thread.

Beecoins are worth only a small amount right now.... but if we work together we can soon increase this value and do some good with the beecoins.

Meanwhile soopy will get the latest wallets up so new people coming to the thread can download and mine if they wish.

Anyone with a mac that can compile a mac wallet from the new source would be useful too i am not sure if soopy has a mac computer..... so 5000 000 bounty for that too.

We need a block explorer, I just noticed the original one is offline/gone.

Yes we need an abe block explorer whatever one of those is. That is something else. I'm not sure who can build us one. Will it need to be altered if we move to another algo?

I understand a lot of people are voting for blake 256 with POS... but what is great about it... what advantages does it have and why are so many people voting for it?

+1

I'm really excited about the current direction things are going. Let's all do our best to keep it light and positive in here....and be a community that others would be proud to be a part of.

I'll quote myself from the first page.

Here's another link to Blake256 info...I like what I'm learning about it.

http://cryptomining-blog.com/tag/blake-256/

New Block Explorer is around the corner.

Yes blake does seem very interesting indeed since merged mining would be possible in the future.

Regarding x11 i did start a thread on this algo to try to seriously find out if it was good or not. The end result of the discussion seemed to suggest that it was no better or no worse than qrk. Although some suggested there was a super charged miner for it  and possibly there is .... even the most knowledgeable people on there could not confirm so it may be there is not much room for optimising it as initially suspected... The chained algos seem to really be not much different at all. I guess x11 sounds fancy so that is the current fashion. Some said more algos = more orphans but then someone else said more algos = more collisions... either way jury was out and the thread never really revealed all that much either way. So qrk and x11 seem very similar.
Strangely a lot of the most knowledgeable ones seemed to not like the chained algos at all. I am not sure why.

I guess if something becomes massively popular like x11 is becoming this will inspire asics faster than algos that are not used so widely. Then again since i have no real idea how asics work...so for instance and asic that can mine x11, would it not also be able to mine blake? since that is one of the algos? could it mine qrk also? i mean from the x11 topic i could not really get the answers i wanted.

I mean is an asic for x11 going to mine qrk also? does the randomness of qrk stop it being able to?  certainly i guess a asic for qrk could not mine x11 because it needs more algos plugged in? so is more algos better or random algos better to fight asics? ....hehe if only i knew how the pesky asics worked.

Scrypt jane N is interesting

With Blake i guess there is a chance that asics could seriously be developed since it is a single algo that is not memory hard. So although it looks like a very nice algo we need to think about it because we are moving from scrypt because of the asic issue.  

So right now out there is it quite hard to make the correct choice.

So i see a lot are voting x11 with POS. I guess if the community wants it they must have it like with all democratic votes. I would have prefered QRK algo with pos that would be nice, not that it is proven better only that it has been tested for longer. Not being a coder myself it is hard to know and you have to listen to the opinions of others who understand these matters more indepth.  

I will try to read up futher on blake, kecca is another one that a lot like. There is also this strange sounding one grolestch or some such name, that runs very cool on peoples gpus, this is very important with the summer advancing now.

well now that is interesting a cuda miner, be very nice to get nvidia guys involved wouldn't it.

great news soopy :)



also we should get the block taxes agreed now...

my vote since now 50% of the minting is almost done which i think was a bit to accelerated really but that was the devs copy of doge i guess. 100k block halving.  But yeah since half is nearly gone...


2% dev for continued interest - expenses etc
2%  fund for projects
3% for bee projects whatever we vote to use them on.

If we add pos to add security then we will need to increase the minting a little bit because otherwise i guess we shorted the minting cycle even more quickly and it does not give new comers opportunity. I think this was discussed about boosting from 24 billion total to around 30 billion total a week or more ago but we need to all talk about that idea for a democratic decision.

This is why we really need everyone from bee coin to come back to this updated thread and have their say since it effects them all.

So again i will mention the

5 000 000 beecoins for pming everyone in the first thread with a message that i will write out and then after i test a few to make sure they got the message then you get 5 000 000 beecoins.

Also any persons interested in becoming community manager? 

Running away from scrypt asics only because their price is absolutely ridiculous. Quoted from the link I posted:


If and when asics for blake256 are built, they will be much much more affordable, and asics are necessary for a coin in the long term. When a coin becomes popular, it gains a lot of attention; this prompts the asic manufacturers to spring into action and create asics for the "hot" algo, those asics in turn help secure the blockchain. Asics didn't kill BTC, and they won't kill LTC or DOGE either, but they will kill a ton of crap/shit coins due to pathetically low network hashrates. Beecoin currently doesn't have enough network hashrate to survive scrypt asics, so it's best to move to blake256 to avoid attacks and give the coin a chance to move forward and become popular enough to gain enough hashrate before blake256 asics are ever invented and released.

So the only reason to run from asics is because we have a pathetically low network hashrate right now, but once we have enough then there won't really be a need to run, plus we position BEE optimally so that when blake256 asics do arrive that a lot of miners will be able to continue to mine BEE by buying affordable asics instead of ridiculously expensive scrypt asics.

I see. It looks ideal for merged mining also in the future. I've not tried to mine a blake256 coin as yet on gpus...does it run cold like with qrk and x11. I hear it draws about 15% less than sha256 which i think is about 20% less than scrypt so perhaps a litte more draw than the chained algos. Although i've not tested it yet so just guessing there.

The link I posted says 3% less than sha256 and 14% less than scrypt, but I've never actually tested this myself as I do not have the right equipment to do so. The other cool aspect is that it hashes a ton faster than scrypt while still using less power to do so.

Finally, bee.updamoon.com is working as it should.  :D

I want blake256 with POS but I voted X11 with POS few days ago (because at that time, only X11 was having POS)

well soopy can change those votes for you for sure.

are there any working bee exchanges??
I checked the links in the OP, all down or not in english

check allcoin but look in the LTC market the btc is closed since it dropped below 1 sat

Why is the thread so quiet?

All votes for Blake256 will be taken as blake256 with POS.

thanks soopy... could i just ask if the choice was yours which would you say we should go with?

Keep our faith, bees!

great news,

good to see our new beecoin developer soopy is fixing the heartbleed issue


thanks soopy :)

I have updated my wallet now. Thanks

also guys keep voting on mintpal if you can .... we need to have a decent exchange ready for when beecoin is off an running well again.

I know a few of you have voiced concerns over the minting rising to 30bn and i kind of agree that it is diluting your holdings a little bit.

However POS is going to be essential for extra security to the chain.... the other option is to just have a very low interest rate on the pos... i kind of agree with this idea.


1. it does not need then lots of incoming buyers to hold the price stable.
2. it does not encourage hoarding
3. people who think high POS attracts investors are wrong these coins go up and down 50% in a day so 20% per year is nothing.

So we can remain at 24 billion with 1-2% inflation per year.

Please make your thoughts known on the subject since it does effect you personally.


Also let's start having some marketing ideas.... come on community i know you guys are waiting for algo changes etc... however let's see here who is seriously got some decent ideas for marketing or generally improving beecoins standing...

1. website.
2. android wallet
3. tip bots.
4..... come on let's have some ideas...

We should already be at 12bn bees. adding 6bn to 24bn is not too much - most of the extra coins will be used to alter block reward scaling, for POS and BLOCK TAX.

We need BLOCK TAX, to fund GAMBLING GAMES, FAUCETS and even bee projects.

I feel that an initial HIGH POS of 20% that runs for 6 months, followed by a reduced POS will attract members.

Everybody wants something for free.

I disagree with you on your idea of POS. HIGH POS will result in hoarding - THIS MEANS THAT MEMBERS WILL PREFER TO HOLD ON TO THEIR COINS, TILL THEY EARN A HANDSOME INTEREST, RATHER THAN SELL THEM FOR PEANUTS.

HOARDING CAUSES SCARCITY, SCARCITY CAUSES PRICE TO SKY ROCKET - this is a good thing.

GAMES AND GAMBLING to earn beecoins - these are better marketing tools than giveaway faucets.

A huge portion of the block tax should be used to fund games and gambling.

Is it possible to incorporate games into the beecoin-qt client?

not really possible and brings a lot of issues too.... well if you mean like huntercoin where the game earns coins etc.

well the main thing is this... supply and demand... right now we have a ton of supply and no demand.

We need to create demand not supply.  Increasing 6BN is okay but it just creates 6BN more coin you need buyers for, and means each coin everyone has already is worth less. Really increasing 6BN makes peoples coins worth 25% less i guess since that is a quarter of the entire minting.

20% i don't think will attract new buyers... like i say you see a coin goes up 50% in a day will you keep it because you can make 20% in a year.


if they do hoard for the first year this could be worse in a way because no way can we afford to inflate 20% every year beecoins would be worth nothing, and then when the hoarders dump it will crash the market in a bad way.

Also changing the block scaling is only essential if we don;t add pos... if we are adding pos then that is not important.

How can we possibly think of 20% because that is nearly 6BN in just one year? that is all of the extra coins nearly .. then we have no more coins left for POS after that? we need many many years of POS payments so i suggest 1% max perhaps less, we will need to encourage ppl to keep their wallets open in other ways they are just for security anyway whilst we have miners, when we don;t have miners we need them to mint blocks.

If we want POS actually we will have to slash block reward smaller and just inflate 1% per year max. However we decide 20% is completely impossible for that in the first year alone will put us to 30BN then futher years even if we drop lower.... actual minting will run to tons of billions more than we said already.

That will make coins worthless. So much supply and no demand.

1. get beecoin on new algo if everyone wants this ...essential pos really unless totally changing block scaling. whatever this is just to secure the blockchain.
2. get some services and marketing to build demand


that is key.  

Of course everyone can vote this just my opinion, but increasing supply by 25% is very risky with no demand.... most coins try to sneaky reduce supply so peoples coins are worth more, we are thinking of making them worth less. This is not a good plan in my opinion. I thought  a few extra maybe 26B would may be a good idea before but the more i think about it there is a good reason why a lot of coins reduce their minting not increase.


Agree on the gamblling and games vs just giving away though for sure.

I guess soopy will need to know if he is to get on.... so we need more input as to whether increase the minting or keep it the same. We should not really decrease the minting because although it will make your coins worth more it could be seen as cheating new miners if not sticking to original rules. Maybe smooth out the minting a bit and perhaps 1bn extra max.

come on people have your say in the matter before it happens.

If I understand this right, POS interest would only be paid on coins kept in someone's wallet for a prescribed duration of time. With approximately 12 billion Bees already mined and lets say 5% first year interest...that would be 600 million Bees paid out in POS first year. At 1% it would be 120 million Bees paid out first year. These figures are if everyone pulls their Bees off of exchanges and transfers them to personal wallets. Then there would be no Bees for sale on exchanges...and we know this is not going to happen. Let's say half of the Bees (6 billion) mined so far end up in personal wallets collecting interest...at 5% it would be a first year payout of 300 million Bees and at 1% it would be 60 million Bees.

I'm ok with either one of these. If we do 5%...maybe do it first year only...then 1% every year after. I do agree 20% is too much. I originally thought it could sustain that for first year but I have changed my mind. I also don't think we need to increase the amount of Bees but decreasing the block reward would be okay. We would be making up for the reward decrease with POS. Halving the block rewards at same time as POS implementation would double the amount of time to mine the remaining coins and with POS miners should still be attracted.

Some people may pull their Bees from exchanges (not sure how many would do this) to take advantage of POS and this would make them rarer...possibly generating an up tick in price.

Totally agree!
The most important thing is to create the demand for beecoins, not too many people have ever heard of  beecoin right now, the bees community really need to do something to make it more attractive.

OK

An initial high POS will create an initial high demand, because everybody would want this coin that would generate bonus coins.

At the same time, this initial high cost would initially reduce supply, because savvy people would pull their bees off exchanges to generate POS. They will be very unwilling to sell at a low price, unless

AT THIS TIME INTERVAL DEMAND IS HIGH AND SUPPLY IS LOW - SO THE PRICE SPIKES.

THIS IS WHAT HAPPENED WITH MINTCOIN, AND I FEEL THAT THIS IS THE ONLY WAY TO GET BEECOIN TO THE $$$ MILLIONS.

Thanks, with the amount I have it almost doesn't even seem worth it to register to sell them. :(

A Small tip! a mysterious exchange will add BEE within this week. Keep you hopes high , more info soon to follow.

Good to hear.

The last exchange to post on here saying they had added beecoin never even sent out the confirmation email after multiple requests.

it happened the same... is it possible to change my vote?
Thank u!

I understand what you think will happen, but it probably will not happen. Sadly nobody will rush to beecoin for 20% the coins go up and down 50% per day, nobody will care about 20% in a year. It will just create BILLIONS more coins for nothing.

You may get more coins in your wallet but they will be worth less so it is pointless.  NO coin increases minting, most try to get away with cutting minting down to increase value of the coins. Beecoin right now has very low demand ie nobody is buying because it has no services or marketing. You can't increase 25% more coins it just makes the coins you have worth 25% less.

Even if you did add 6BN more to minting... you could only have a VERY small POS each year because even 6BN will not last many years.  

Even with the 2% development block tax if we make more coins but they become less it is pointless.

If you visit every other coin community that had too much supply and not enough demand..... they cut supply they would never increase supply. That is suicide of the coin. I agree we need POS but a tiny %

Really for beecoin to start rising in value you need to cut the block rewards down a bit or scale them longer and slimmer and add a small POS for security. POS on a coin like this is not to get free coins, it is to give security to the chain.  However cutting POW rewards is not good for the image of the coin, so have to leave it as it is.

POS is only for free coins and security if you do a mining period of a few days like black coin and mintcoin.... beecoins minting is already HUGE.


20% pos will not create any rush to beecoin at all it will only devalue the coins you have. Crypto is not like a bank with fiat in.....the value of your crypto coins goes up and down by 50% or more sometimes in a day , investors realise 20% per year means nothing, even 100% in a year means nothing.  Crypto is very unstable.

If we could cut of all mining from here and just go full POS with tiny POW that would make you coins a LOT more valuable.... but other communities and new miners would say that was  unfair.

The more coins you produce the less everyones current coins are worth. The block tax is not even worth too much right now since there is no real buying demand.

Even to increase the minting by 1B is devaluing the coins .

Mintcoin is nothing like beecoin, mint is more like black coin...  Beecoin is more like doge they were forced to either allow 1% inflation per year or they could have added POS. They decided to inflate 1% per year after all blocks were mined. A lot of doge hated that idea because they saw it diluted their share.

Just keep in mind that getting free POS coins means nothing to getting more BTC value, it just creates more coins supply. We need to increase demand not supply. If you want POS that high all POW coins need to be stopped. BUt then other communities will call beecoin a scam because we have mined the coins ourselves then stopped others mining and rewarded ourselves with more POS coins.  So beecoin will be called a scam.


This is the main issue with all crypto except bitcoin..... there is no use for it.  We need to market and come up with services for it.  Block tax can be larger because the comes out of the current minting and does not increase supply. I a in agreement with bigger development pot for projects and games...even 5% just for that. Let's get some decent games and incentives for people to buy beecoins.

Another point is this.... we need mining as profitable as possible to get some miners... we need to choose the best algo for profit. The one that uses the least electricity of all. Profits for miners are very important. I hear a lot of miners are quitting due to low profits. So we need increase value of beecoin, decrease cost to mine beecoin. This will keep beecoin popular and more secured.

If we do add 6BN to the minting it must be all through POS... and  not just in one year.... we need years and years of POS to keep the coin alive. 2% max pos would be best maybe intitial 5% first year but it makes no difference in a market which can go up and down 50% per day... so i say as least as possible POS but regular staking to keep blocks moving. Also cut POW rewards in half but make them go longer. If we use and algo that uses 50% electricity that is actually more than fair because we are not cutting minting we are extending the minting.

Alright, talk to soopy. You understand this game better.

first thing we do when we get on the new algo and have new wallets is a big marketing push.

I guess no point to do it yet though because they will have to download the wallets all over again, and for people new to crypto that will seem like a lot of hassle ...

I will fix the wallet within 3 days that's by 14 - 15th and new Algo will kick in. Sounds good?

Also about the block tax it will be as follows as per discussions

BLOCK TAX
2% DEV
0.5% FAUCETS
1.5% GAMBLING GAMES
2% PROJECT

Also Pos will be 5% , just a suggestion , confirming all the above as well as finalizing on the Algorithm will allow me to get working rightaway.

~SoopY~

Sounds excellent...

Yes block tax

2% dev
2% projects wallet - we can vote on how to use it
2% beecoin donations..

sounds good to me..



5% first year
2% 2nd year
1% from then on...


however i will be happy to do whatever everyone else wants

also staking time every 7 days ?  or every day? or will that make the block chain massive?

also looks like it will be x11 POS...  why has nobody ever done x11 POS before?

Also digi shield looks better than kgw ... or seems so from what others are saying.

Ideas are unlimited. I just want something that will get members glued to the beecoin website, or the beecoin client. This is why I wanted a greater portion for games and gambling, so that members can only win coins, with minimal losses.

I am still thinking :-\ ???

Staking time would be every 15 days - 30 days max for all coins held.

Yup Bee is going to be the 1st with X11 + POS so it's going to be major.
I guess people were boring to implement that haha , novelty now now. :)

So it's final! X11 + POS getting 33.4% Votes
Blake256 + POS getting 33.4 combined votes.

Surely we can go with Digishield.

Are we good?

~SoopY~

cool, i am happy to go with what everyone wants.

others come on have your say don't be upset later.... what do you think on the POS?? have we got the level correct?

I'm good with it .

I like the way this is shaping up....I'm good with it all and looking forward to Bee gaining some traction in the crypto world. Great team effort so far!

Yes i agree, there are also a lot of bee holders who have forgotten this coin, i'm sure they will be back on board once we have this coin up and going again and we have lots of things to do

Once we are back on a decent exchange and get ourselves on to coin market cap that will be quite interesting.

Finally, bee.updamoon.com is working as it should.  Cheesy

Do people not realize how inferior X11 is to Blake256?

I wouldn't pick something just because it's trending.  

Blake-256(optimized) is faster than Scrypt, SHA-256D, Keccak  ;D

It is also incredibly energy efficient, and provides Nvidia card owners an equal chance.

The algorithm was written as a candidate for SHA-3, Based on round one candidate code from the Sphlib 2.1 library and reduced the round function to 8 rounds.

Advantages

Design
• simplicity of the algorithm
• interface for hashing with a salt

Performance
• fast in both software and hardware
• parallelism and throughput/area trade-off for hardware implementation
• simple speed/confidence trade-off with the tunable number of rounds

Security
• based on an intensively analyzed component (ChaCha)
• resistant to generic second-preimage attacks
• resistant to side-channel attacks
• resistant to length-extension

Blake is the fastest !

• 3.4GH/s on a AMD Radeon R9 290X
• 5.1GH/s on a AMD ATI Radeon 7990
• 2.2GH/s - 2.8GH/s on a AMD ATI Radeon 7970
• 1.4GH/s on a AMD ATI Radeon 6970
• 1.3GH/s on a AMD ATI Radeon 5870
• 1.6GH/s on a ZTEX USB-FPGA 1.15y Quad Spartan-6 LX150 Development Board
• 1.5GH/s on a Enterpoint Cairnsmore 1 Quad Spartan-6 LX150 Development Board
• 800MH/s on a Lancelot Dual Spartan-6 LX150 Development Board
• 360MH/s on a ZTEX USB-FPGA 1.15x Spartan-6 LX150 Development Board

Do you guys really want Beecoin to die again?  Make the right choice before it's too late!

Waterfall algorithms are insecure and inferior.

The miner for X11 is not optimized.  People have much faster miners than the ones that are available to the public.

I raked up a big x11 discussion in the main forum to test out how good it was compared to other algos....since i heard a few bad things..


It seemed then that nobody could give any real reasons why it was better or worse than what we had already. Nobody said for sure it was insecure or more secure, and it was the same efficiency as qrk.


People seem primarily concerned with electricity usage and cool temps.... until there is proof some have super x11 miners compiled then i think there will be no convincing them to try other algos.

I guess it is possible x11  maxes out certain parts of the card before others can be fully used thus taking less electricity to max out the card potential for that algo.

They want the bottom line best profit. Running with x11 seems to double profits of mining to most so they want it.  If there are optimised miners out there then nobody who knows how to compile one is coming forward... which they wouldn't anyway.

Has anyone compared directly blake256 vs x11 on current miners to see the difference in electricity draw and temps?

Without evidence of x11 super miners it seems that is all people care about right now. Electricity and temps.  

A lot of people are pushing keccak and blake now but these seem more tech people and not want the crowd wants.

It's close with blake256 and x11 on the voting. I guess there just needs to be a hard comparison for people to look at.

The one additional thing i see for blake is the nvidia miner that brings a lot more people into the game.

Bringing Nvidia card owners into mining does sound promising to be honest.

Although I have no idea about the tech stuff I do know opening up the mining scene to Nvidia holders would be a big deal.

As our coin is about saving the planet then if it can be proved which one uses the least electricity then we should go with that.

If both are the same and one opens us up to Nvidia then I would go with that.

If it is too late and the changes have already started then I guess we have to stick with it.

Yeah i guess within a short period pow may  become less of an issue than pos anyway which is really efficient. I guess either way does not matter so much soon.

WE NEED MORE TIME FOR VOTING. PEOPLE ARE VOTING FOR ALGORITHMS THAT THEY REALLY KNOW NOTHING ABOUT. Somebody on this forum needs to lecture members about the superiority of Blake256 over x11.

THIS IS A SERIOUS ISSUE THAT SHOULD NOT BE TAKEN LIGHTLY.

PLUS, BLAKE256 PLUS POS WAS ADDED WHEN X11 HAD ALREADY ACHIEVED 9 VOTES. IT WAS NOT A FAIR START.

WE NEED TO VOTE AGAIN.

(There are people voting here who never contributed anything to beecoin)

what does soopy say ? 

Soon mining sites will take electricity into the calc. We need to make sure beecoin is profitable as possible.

I voted for Blake256 + POS after it was added...but X11 + POS was ahead in the voting already. I'm ok with X11 if that's what the community ends up voting for. I really think POS is the more important feature.

Nvidia mining is already on the rise with the new Maxwell series cards. They stomp AMD/ATI for electrical usage (very low wattage per hash rate compared with ATI). Older Nvidia cards may benefit from Blake algo but for the new Nvidia Maxwell based cards it probably doesn't matter much.

http://www.forbes.com/sites/jasonevangelho/2014/02/20/nvidia-is-about-to-steal-the-cryptocurrency-mining-crown-from-amd/

http://www.pcper.com/news/General-Tech/NVIDIA-Coin-Mining-Performance-Increases-Maxwell-and-GTX-750-Ti

http://vr-zone.com/articles/maxwell-will-bring-nvidia-back-cryptomining-game/73556.html?utm_source=rss&utm_medium=rss&utm_campaign=maxwell-will-bring-nvidia-back-cryptomining-game

http://www.guru3d.com/news_story/will_nvidia_steal_the_cryptocurrency_mining_crown_from_amd.html

blake256 is energy efficient, so I voted for blake256 + POS.

Where is the dev?

The dev is very busy behind the scenes.

Since X11 has Blake already I believe adding POS will be an option or going ahead with solely Blake + POS , that's to decide.

Currently there's alot of Coins switching to X11 , but then we always don't have to go with the flow.

It's for the community to decide , I'm up for anything.

~SoopY~

People argue that x11 has asic miners, but that blake256 is NVIDIA compliant.

NVidia compliance is a good selling point for blake256.

A hybrid coin may even sell better, if that were possible.

hey everyone. i,m new here to cryptocurrencies, i have an asus republic of gamers laptop with a gtx 670m, i can get 122kh/s with these settings cudaminer.exe -d 0 -C 1 -H 1 -i 0 -l F28x8. the asus laptop has excellent cooling with the air coming in at the back left, and exit on the back right, kind of like a big horseshoe, my temp according to msi afterburner is 86-89. o/c @ 810mhz mem clock 1600. anyway maybe these settings could help somebody else? Now on a sad note i am very worried about my beecoins at updamoon. my coins have been unconfirmed for 2-3 days now. i had to stop mining there because they may never get paid to me. i have emailed twice, but am getting no help. please tell me i have not lost my coins to this pool owner.  

*edit all issues resolved at updamoon, yey i now have 10,000,000 bees mined on a laptop 

Yes people have had some issues with them before... let us know how it goes. I see a message about updamoon in the main alt section too.  Someone said they were just updating their wallets.. not sure myself what is happening.



Regarding the algo swap, let's give it a couple more days max then just go ahead.

Can someone run an electricity consumption comparison between both blake256 and x11....

I guess that matters a lot to some.

Either way let's just push ahead and get on to a new wallet soon so we can start with marketing and such. Time to push beecoin forward as soon as possible.

I prefer blake256 + POS! ;D

And there is still one thing we should decide: reinvent the random reward or just cancel it!
Since the current random reward algorithm is not so random after all, the multipools are doing some selected-mining for the high value blocks, with their high mining power, these multipools are getting more profitable than average. The dogecoin had cancelled the random reward already, I think we should take this into consideration.

yes, let's get rid of it for sure if people can exploit it to get an unfair share of coins.

This is my gift for a community!
I love bees!
 :D


1
https://i.imgur.com/F3lGNGE.jpg
2
https://i.imgur.com/S6rxxuJ.jpg?1
3
https://i.imgur.com/dkEECJm.jpg

we should bring back the beecoin logo as well ...i liked it... if we could just make it look a little more pro that would be cool. Are there any graphic designers in the bee community?

You are right... It's right for that i asked to the dev to change my vote for Blake256 w PoS...
Here is a good interesting article to read abt it...
http://www.reddit.com/r/CryptoCurrency/comments/1xue3t/blakecoin_blake256_optimized_faster_than_scrypt/
I already tuned one of my rig to test it and the results are excellent...
4 x 7950 undervolted to 1.081v, core 1010, mem 1250, "The Stilt" optimized bios:
Scrypt => 2450 Khash/s, power 845W at wall, fan 55%, temps 60/65°C
Blake256 => 8300 Mhash/s, power 690W at wall, fan 50%, temps 55/60°C (@memclock 300MHz!)
Not last it will be supported by the next ver of CudaMiner... So GTX 750Ti will give us a chance do save energy for an additional 40%... not bad...
Let us switch away from dead Scrypt...

Hey thanks for that comparison so we are saying almost 1/3 less electricity than scrypt. Can you please compare x11 to blake in terms of electricity too?  scrypt is a resource hog for sure but how does blake go against x11?

No worries, X11 for Nvidia is right around the corner.  I think I voted x11 and don't care either way since it already has blake in it as soopy said.

I've got all Nvidia cards(18 of them), so trust me, x11 will be fine and probably preferred to run on nvidia for a while after the release. Give it a week or two.

done!
here the results with darkcoin (based on x11)
X11 => 7.0 Mhash/s, power 440W at wall, fan 42%, temps 45/50°C (@memclock 1498MHz)

https://i.imgur.com/0zP6WEa.png

as u can see abt the energy it's even better... we are close to 1/2 than scrypt... abt the hash it's 7Mh/s vs 8300Mh/s
The values r for the same rig as above (4 x 7950)
I didn't try cpu mining...
It seems for gpu the hashrate is still proportional to the stream processors...
7950 => 1792 s.p. => 1.75Mh/s
R9 280x => 2048 s.p. => 2.00Mh/s
R9 290 => 2560 s.p. => 2.50Mh/s

What can i say? x11 is also very very good!
Make your choice!  ;)

Thanks very much for the comparison that has been very helpful indeed.

SO x11 is drawing even less power and even cooler. I guess until there is some proof that there is an optimised miner for it then x11 and qrk are the most efficient algos.


Shame we have no super algo guru's who really know the best of those 2. I thought qrk was better than x11. However aside from possibly less collisions or perhaps less orphans both seem as good as each other. Qrk has less algos but is random x11 more algos but sequential.

For profit x11 /qrk  seems to be the best in terms of electricity used.

I still think blake256 is the way to go, given that it opens up merged mining with other merge mining coins later on once BEE gains traction and becomes more popular.

I don't mind which we use.... i think let's just decide and move ahead soon though. Then we can get going with some things.

Consider X11 essentially is an algo with 11 rounds of scientific hashing functions merged together (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo).
As far as i understood it's made so right to be ASICs resistant as much as possible...
About Blake256 sure it's also ASICs resistant now... but it seems, as i wrote in a previos post, that it's ASIC's friendly... it means:
"...it is a simplified and parallelized design. This means that it is highly efficient on GPUs and FPGAs, and if or when ASICs are made for Blake-256 it also will be highly efficient..."
"...The simplistic nature of the Blake-256 algorithm makes it easier and cheaper to implement in silicon, so if or when Blake-256 ASICs are manufactured, they will be considerably less expensive and also considerably more power efficient than SHA-256 or Scrypt ASICs..."
Then if it is so it depends if we would like in a future to boost the nethasrate switching to cheaper ASIC in the case they will be developed for our algo...
About other characteristics of these algos i don't have any any competence to say anything... i'm just trying to ustand something collecting infos are in forums...
I agree with you it's necessary to move away from Scrypt asap to save our BEEs...

CRYPTORUSH IS .... GONE!

BLACKCOIN IS GOING TO THE MOON.

I hope people didn't lose their beecoins on there.

So let's move forward then with beecoin...x11 pos or blake pos i don't really mind.

Either way let's go ahead now weeks debating this is just pushing beecoin further behind. POS is essential the algo x11 or blake is not a big issue i guess. X11 or QRk use less power so i guess for those wishing for more profit those are good.

You need to keep in contact with soopy, just keep on communicating.

The Last time I saw cryptorush, there were less than 350m BEES for sale, there wasn't much on cryptorush.

WE MUST NOT ALLOW BEECOIN TO FAIL. BEECOIN SHOULD BE THE NEW BLACKCOIN OR MINTCOIN.

So it will be x11 pos or blake pos?

Let's wait and see what happends. The new wallet and algo swap could be here soon. Whatever algo out of those two will probably be ok. We just need POS more than anything else really.

We need to agree on the percentage POS, BLOCK TAX.
This thread is very quiet. I know that a lot of members are interested in other coins, so they let a few people do all the work.
Do you still talk with soopy? You need to keep communicating, so that he can implement the best ideas.

We must speed up the paces, we are running out of time.

All I see is one cheerleader yelling in big colored text, and now I can't even dump my last three million, because the two biggest (but still terrible) exchanges have absconded with people's loot, under the guise of 'hacking'...

Don't listen to this nonsense, folks.

This coin was fast, but terrible ideas like adding to the already overmined and oversized coin pools are not helping.

Algo change?

Too little too late.

I know I should keep it to myself, but there is some serious wool-over-the eyes shit going on here.

Greedy John has yelled a lot of useless shit, but there is barely any other action, period.

This all sounds pretty good here. Have we decided on the algo? Plus Soopy said that Bee would be on another exchange within a week...this all looks pretty positive to me. Let's just get it done already. If someone hasn't spoken up about what they want in this coin yet, it's not because they haven't had the opportunity.

I say go with Blake256 + POS. It's almost as energy efficient as X11, hash rates are comparable and it can be used with merge mining later.

Blake256+POS!

Just make the decision and move on! We have been stuck here too long.

Where can I sell my 500,000,000 Bee at?

X11 with POS

The only exchange alive now is allcoin.com.

they don't have a Bee/BTC exchange anymore, only ltc

I think X11 with POS would be a nice choose,did someone can give me some suggestions?

Cause Bee coin isn't even worth 1 Sat anymore.  Its currently only worth about 1/8th of a Sat.

Yea Beecoin lacks a exchange.

Bitcoin and a lot of alcoins are rising dramatically now.
Beecoin is forgotten.

I see X11 is getting more and more popular...
Check on altcoincalendar... all new coins are adopting it...
Seems lot of GPU miners will soon switch their rigs to mine with this algo... because of summer, because of poor payout of scrypt, because of geedsids and coming asics, because they believe of the strenght and the efficiency of the new algo...
Let us swap the algo and relaunch the coin...
at least we will have a new chance... staying on Scrypt the death is inevitable..

Yeah although in another 70k blocks the algo will be less important than POS.

Either x11, qrk or blake256 would be find with POS. Soopy said by the 15th so hopefully soon.

The thread needs to liven up a bit.

I will give you 10 GBP, 100 Coin2 and a can of coke (non diet).

wow 500M, that is quite a tasty chunk.... wouldn't sell now that would be pretty bad if the POS and new algo sets beecoin off on the train it should be on. Sad to see the first really fair launched coin get neglected. That's the issue i guess with the initial dev taking no coins from the launch lost interest.

It's great we are trying a community take over, let's wait and see. Hopefully there will be good news not too far ahead.

We are at the boring part right now just waiting for a new stable base to work from. After we have that going then we can get on to some good marketing and projects.

Put some for sale at allcoin it will help give Bee some kick up too ;) I am really looking forward for Bees to last long and raise steady .. not just pump and dump  please :/

I have bought some and placed a new order for BEEs let's slowly move it forward :)

Buys up the price wall ourselves won't help much unless we can attract more and more people into the beecoin community. This coin won't rise without the incoming fress blood.

Agree, however there is a lot we can do to attract new people from outside of this board.... however first we need to get on to the new wallet with the new algo.

After this then we can start some heavy promotions.

 We should vote on https://www.mintpal.com/voting to get another exchange going.

Taking the Value a little high won't hurt, actually when the Bee Coin is a little more visible and nobody is doing this Dumping of it, it will have a great effect on the market.

~70 votes/day - impossible to get here. We need >10 btc or smart voting bot to get here. I mean smart that it must be 10 -20 members team with 5-10 accounts and 8-10 votings/day for each account = 2500-5000 votes/day.   

We hope that the dev will soon show up

Sorry, i can't download the latest windows wallet ,said damaged file,need help.

I have some bees too.

We need actions. When the algo will be changed? Who will ever interest of this coin, if ther will be mined more than half of total coins.

I also think blake256 is the way to go, given that it opens up merged mining with other merge mining coins later on once BEE gains traction and becomes more popular. Like bc fac

what do you mean? people can be mining since the start so i see no issue with it, they can mine now. Although yes would be good to get the algo swapped over asap.

As far as i understood swapping the algo it will be like to create a new coin w a huge premine...
I think that we shoud fairly increase the total coins to reduce the percent of already mined coins w the old algo and to add PoS...
Then once the technical matters r solved we need a good marketing campaign to relaunch the coin...
I'm not an expert in marketing but the coin has good qualities, fair characteristics and an excellent name...
We could start from social networks and then to try to involve in the project people and companies who are related to bees and to the market of bee's products...
My brother in law has a company of propolis related products made in Italy... i think he could put a banner in his website and to talk abt the BeeCoin project to his customers... but we need to be credible with a solid base project, long term ambitions and a strong active community...

I thought like you, but how to reward miners who mined scrypt algo which absorbs a lot of electrical energy? x11 absorbs half less energy than scrypt so new miners will sell it for less money than the "scrypt" miners.

BTW which pools are minning bee now?

Changing algo has nothing to do with premine, not even close.
Every coin has early adopters and late comers, even bitcoin.
Beecoin has come a rough way and most of the miners are gone and even the original dev are gone because of its fairness. There are no sharks behind to pump and dump this coin. Now the bee community takes over trying to rescue it, and many of the true believers are still holding on to  solo mining just to keep the block chain running, just to keep this coin alive. It's a huge insult saying this is a premine. We must thank those still holding on mining beecoin so that we still have the chance to make a change or even make a difference.

Anyone don't like beecoin can just leave ,it's a free world, it's open source world, any one can fork some altcoin and try to make their own.
But if you belive in the bee community and willing to join, you are welcome.
Beecoin can fall, beecoin can rise. What will happen? We never know. Some say the best way to predict the future is to create it.
Let's make this happen!

changing the algo really does effect anything, we will get a new wallet qt and continue mining... i don't understand what you mean it is like a new coin with a premine? nothing changes only the algo and some POS added.

If anything the people mining first got screwed since they were paying 2x electricity and at the start this coin hit 7GH and was hard to mine at all.

We need to get on with the marketing which needs the latest wallets and everything running smooth on x11 first.

Members should do what they can to support this coin.

Beecoin has seen some good movement in last few days on Allcoin...volume has increased a lot and people are showing interest again. Price has doubled in past week...hope this continues!

We hope that the dev shows up with his improved algorithm, so that beecoin can rise incredibly.

I'm minning on updamoon and I think they are stealling us I get to littel coins for my hashrait. We need more and better pools.

I'm very sorry for the absence , I was away from home the last 2 - 3 days , went to see my grand parents for easter and took a short break , I'm back now.

Will be posting the necessary updates shortly.

~SoopY~

Let's hope that after ASICs come this will be the next DOGE!  :D
Just pls update the logo, with this logo nothing can be done!

Great！
Beecoin is coming back on track!

What is wrong with the logo? The logo is UNIQUE. I CAN SEE THIS LOGO FROM A MILE AWAY. I can pick it from the crowd easily, even if you throw it into a puzzle of 250 altcoins.

Its childish, naive and not modern.

The only thing I would do to the bee, would be to make its head a little bit bigger, and put a better smile on its face.

great to see soopy back....


this is what we have guys so far.... this is the final confirmation before it gets implemented... please comment if you're not sure.... then we need to push ahead.



algo = x11 +pos

block tax = 2% you,  2% bees 2% development projects.

POS = 5% first year going down to 1% following year

Block scaling = keep the same  or reduce slightly to keep POS from not pushing past 24B


The logo i think is quite individual...could take what we have and just improve it a little, but yes it does really stand out. Again can vote on that later.

This is what I feel:

algo = x11 + POS or blake256 + POS or HYBRID

block tax = 2% you,  6% GAMES AND GAMBLING,  2% development projects.

POS = 5% first year going down to 1% following year

Block scaling = keep the same  or reduce slightly

COINAGE = INCREASE TO 27BN - 30BN, SO THAT A MAJOR PART OF THE 3 - 6BN COIN INCREASE CAN FUND GAMES AND GAMBLING.

GAMES AND GAMBLING, WHICH I HAVE DISCUSSED WITH SOOPY, WOULD BE GREAT IF THEY COULD BE INCORPORATED INTO THE QT CLIENT.
If we have 3bn coins going to games that give out minimum amount of bees per game, per wallet, per day - this will be much more useful than giveaway faucets - it will force people to use the qt client, thereby securing the network. Games could attract non miners (office workers, teenagers on a train with mobile device, etc) to beecoin, but my concept could be to ensure that gamers typically earn less coins than miners, and that winnings are inversely proportional to hash power.

This is just an idea that I pointed to soopy, lets see what he has to say....

Games and gambling is good but 6%? what about the bees themselves?

Also it is good to have ROI projects to get people really invovled with things.

My idea of increased coinage to fund games and gambling is just a hypothetical idea, assuming that these games can be incorporated into the BEECOIN -QT client (don't bother if they cannot).

This idea would be good because it would encourage people to access the qt client more often. Teenagers on the train, office workers during lunch break, would access the client in an attempt to earn very fee BEES, as rewards would be limited per wallet, per game, per day.

This idea would be useful, as BEECOIN approaches pure POS. The gaming reserve (2 -3 billion BEES) would be highly sought after, by gamblers who would compete viciously to earn a slice of the cake, as mining equipment becomes obsolete. This competition, just to earn very few bees, would secure the network and make BEES expensive.

What do you think? Is this just a crazy idea OR IS IT USEFUL?

The increased coinage would support the large portion of coins going to games and gambling- also, a portion of the coins lost by gamblers could also be used for to support bees.

We could have, block tax = 2% DEV,  6% GAMES AND GAMBLING,  2% development projects, 2% bees

This large block tax is only good if we slightly increase coinage to 27bn.

This should be debated or challenged by other members of the thread.

A 12% BLOCK TAX SHOULD BE COMPENSATED BY A CORRESPONDING 12.5% INCREASE IN COINAGE.

So effectively, people will still earn the same amount of coins as they would under the 24bn model (they would even more, we are more than 12bn already minted, so adding 3bn more increases the original remainder by 25%, not 12.5%).

Miners would be slightly better off, projects would be funded, while non-miners would be able to obtain very few FREE BEES (currently less than what a typical miner would earn), while using their wallets to secure the network.

I would love to increase the total qty of bees available to gamblers to exceed 1bn. This is to ensure that members of the public can STRUGGLE AND COMPETE to earn very few bees.

It is a good idea, however putting a game inside the wallet is quite a tough task .... although yes maybe you are correct, perhaps not like hunter coin, but a simple game or competition not related to blockchain at all...but just makes people keep their wallet open could work. Soopy is not a games designer though so that would be something for the future.

The projects % can be used for this anyway so no need to make it 6%, although if everyone wants it that high that's okay with me

i would say 4% projects and services of which that is included anyway.

2% soopy
4% projects and services
2% bees

seems enough if we roll with it now while blocks are still large.

You want people to have to buy bees to gamble with, not give them free bees because they will not value them and dump on the market.

The tax needs to be used for development of the games and also prizes... but you have to buy in to the games with beecoins.

I do not think increasing the minting is a good idea.... but i guess if total increase including POS is 12% that is only around 3B so total minting 27BN seems okay.

Have to strip down the block rewards slightly now to achieve that.

Inflating a coin at all which has low demand is not really a great idea... but i guess from 24bn to 27 bn is not too bad.

That's total 12% of block tax, it's way too high. In my opinion, the total block tax should be less than 3%.
And increasing the total amount of bee coin may not be a good idea.

I understand that the games may be hard to implement, but a simple flip flap game would do, a game where it is almost impossible to win 5 bees without losing 4. We want games that people will almost never win 5 bees at a time, per day, per wallet. :D  8)

What do you think about 27bn bees?

WE CAN ABANDON THE GAME CONCEPT, IF IT IS NOT POSSIBLE, BUT STILL HAVE A GENEROUS RESERVE FOR GIVEAWAY FAUCETS THAT PAY MINIMUM WAGE :D

THIS IS JUST A SUGGESTION, BECAUSE COINAGE COULD BE SLIGHTLY INCREASED TO MATCH THIS FIGURE.

A game is a good idea, flappy coin has one in there wallet.

However for winning coins it is better to have a method where they pay to have a go at the game and the tops scorers win most of the coins, small fee taken first.
That way the players are funding the prizes.

However a game to keep the wallet open is quite a good idea... this is something for the future though i guess when we have funds to pay for games developers ect.

The funds will come from part of the extra coinage, we pay the game developer in BEES (just a suggestion).
It is true that a small entry fee for games should be included, but nothing massive, losses should be minimal (so as not to piss people off), winnings should be small per wallet per game per day - so that beecoin is evenly spread out.

Soopy is back now, so you can send him your requests.

Let's draw a line under all the deciding on things by tonight so soopy can get on and develop the coin now since we are getting further behind schedule. We need to start the marketing process sooner rather than later.

We have had weeks to decide so by tonight let's hear everyones decision. Then tomorrow soopy can start coding the variables in.

block tax- 2%; DEV-2%; gambling 2%; bees - 4%

1. My vote for algo is still Blake256 + POS....if X11 + POS wins in voting then that's what it should be.

2. I've seen the block tax amount go from 4-5% to 10-12% since it was first mentioned. I'm all for a block tax to help pay for coin development going forward but 10-12% is too high in my opinion. I think 6-7% is a nice middle ground with 3% to the dev (I think 2% is too low for Soopy's efforts). The other 3-4% would be used for any and all projects including games, faucets, charities, foundation projects, etc. We don't need to separate games and faucets from charity type projects. They can all come from the same bucket. I think the wallets for the dev and projects should be public and viewable by anyone. Of course Soopy can use any coins in the dev wallet for whatever he wants but the community should know how much is going to each.

A block with a 50,000 coin reward would mean 1500 Bees to the dev at 3% and 2000 bees to projects...leaving 46,500 bees for the miner(s)/Pool. A block with a 20,000 coin reward would mean 600 Bees to the dev and 800 Bees to projects...leaving 18,600 Bees for the miner(s)/Pool. There is still plenty of meat for the miner(s)/Pool after block taxes are taken. Even if block rewards are scaled back, there would still be a nice reward for each block solved. Also, POS would help to make up for the reward scale back.

Donations from the community, either to the dev or for projects are always welcome too. Donations can be made to the public dev wallet and the public project wallet.

3. Increasing the amount of coins is not a good idea in my opinion. It just devalues the coin and the value is low enough now. I think we should instead decrease the amount of block rewards by 25% and stretch out the mining duration until the total amount of coins are mined. POS will add to the total coinage anyway.

I think this can be done without a lot of fanfare. There's not a lot of attention being paid to Beecoin right now so decreasing the block reward should not raise a huge stink.

The original specs are:

PoW algorithm:Scrypt - This is changing
30 seconds block time - leave the same
Difficulty retargets every block - leave the same as it's better than KGW (which has had issues) or go with Digishield
Total coins supply 24 billions - leave the same
3 confirmations for transaction - leave the same
Support transaction message - leave the same...this is a nice feature that a lot of coins do not have in their wallets

Random block rewards
1-100,000: 0-200,000 BeeCoin Reward
100,001-200,000: 0-100,000 BeeCoin Reward
200,001-300,000: 0-50,000 BeeCoin Reward
300,001-400,000: 0-20,000 BeeCoin Reward ----------Not sure what block we're at but reduce by 25% and lengthen the mining term
400,001-500,000: 0-10,000 BeeCoin Reward
500,001-600,000: 0-5,000 BeeCoin Reward
600,000+:1,000 BeeCoin Reward

4. POS at 5% first year then 1% every year after that.

Just my opinion on all of this. I will go with whatever the community votes on.

Ok cool .... so

algo - which ever one wins poll

retarget

digi shield or dgw? which every you all want.

block tax

2% dev
2% development pot
2% bees fund?  what about the bees? i think this part is important.

stay at 24B - but perhaps make the rewards not random because can be exploited

POS - 5% first year then 1 %?    - this will make the minting quite a lot more i hope you guys realise that... so if you want to keep totaly minting near 24B and not dilute your holdings then the block rewards will have to be reduced slightly... or just go with 1% POS from the start.

Looks like some want block tax total under 10% ... how about 6%?

Would be good to have some funds for developments like casino , flappy bee game, other things in future.

Soopy is ready to start let's not hold him back .... say a specific thing you want changed from this if you really are not happy.

I was including the "saving the bees" fund in the same project wallet as all other projects if that's possible.

That is fine, I only wanted coin increases to fund gambling games that will make beecoin notorious. Coins have to be notorious to stick out from the crowd - this is why we have some coins with market caps at $50,000, $200,000 while some are at $500,000, 1,500,000, $5,000,000, or even up to $20,000,000.

Beecoin must have notorious feature to survive competition - people must want it, people want things that they can get for free, hence a slightly increased coinage to fund gambling games will do much benefit.

I realise that POS compound interest could take total coinage beyond 24bn.

This is fine, but I only wanted some giveaways in the form of gambling games, to make beecoin more interactive and to secure the network when POS kicks in and mining drops. Gambling games will force people to use the qt client, if they really want free BEES.

I agree with the POS figures, as POS may cause coinage to slightly exceed 24bn in the distant future.

However, BEECOIN needs features to make it an expensive high demand coin - people must really want beecoin - this is where the gambling game concept becomes useful.

A teenager on a train, or an office worker will be attracted to beecoin, if they discover that they can earn a few bees by merely downloading the wallet and playing games.

I wanted a game reservoir to be funded from the block tax, that will in turn work as a large faucet to reward gamers, instead of giving them coins for free.

Jealous miners can also play games to earn the coins back, while their rigs are also mining coins.

People on this forum do not understand - My reason for advocating for slightly increased coinage is to fund games that will create a magnetic attraction of the masses to beecoin.

We do not want beecoin to be stuck at $20,000 or $200,000 market cap, rather we should aim to reach $5,000,000 to $20,000,000, even to exceed blackcoin and whitecoin.

I feel that mere x11 plus POS will not take us far beyond $200,000, unless we are lucky.

WE NEED SPECIAL FEATURES TO SUCCEED.

x11 pos is ok for me.

and for block tax 5% total is really the max.
2% for the dev himself.
and the 3 left for saving bees and marketing. 1.5 and 1.5 or 2 and 1...

no need to tax for funding gambling, if someone want to setup a gambling site he have to fund it himself. like i do.


and eventually we can increase coin supply (per block) by tax rate.

bye.

Like I said, donations from the community are more than welcome also. I will gladly start with a 10 million bee donation to be used explicitly for game and gambling development.

Did you read through my post? I only suggest the gambling option to make the coin popular, so that it can achieve a high market cap. There are a lot of coins that always fall below $200,000 market cap, because they do not appeal to the masses. GAMES AND GAMBLING are just a marketing tool.

When the proverbial "sh*t hits the fan", nobody will be donating BEES for anything, because of POS gains. It is good to get the bees from the block tax.
I simply suggest slightly increasing coinage, so that the tax for all projects will come from this increment, not from the original 24bn. WITH GAMES AND GAMBLING, miners could be able to retrieve some coins back.

My ideas are imaginary, soopy will make final decision.

Actually, I did read through your post John and I do understand what you are saying about funding the game and gambling activities without touching the 24 billion original Bees...over half of which have been mined so those wouldn't be affected by this anyway. I was simply suggesting that the community could help out with some donations to fund this. I don't like the idea of changing the total amount of coins mined. This could give potential Beecoin investors the idea that the amount of coins can be changed at any time to suit any need we may have.

Inflating the currency for any reason is opposite to what crypto is all about imho.  I think 24 billion is too many...but that's just me. It is what it is and shouldn't be decreased either. Miners and investors that are still involved in mining and purchasing Beecoin are doing so knowing there won't be any more than 24 billion mined. POS will be the only inflationary component to Beecoin if implemented. It will also help to secure the blockchain with a lot of wallets staying open for staking so it has another purpose.

I would rather see a little higher block tax (3% dev, 5-7% for everything else) to help support the gaming and gambling aspect than to have the total coinage increased. I agree that Beecoin needs something to make it stand out amongst all the other coins out there and gaming/gambling does attract people by the boatload. We also need to make people aware in a big way that bees and other pollinators such as butterflies, etc are responsible for at least 1/3 of the entire world's food supply. Their decline over the last couple of decades has already caused shortages which in turn cause higher prices for those foods at the grocery. This in itself should be something everyone could get behind if marketed properly to the crypto community.

I really am not too worried about POS all of a sudden causing everyone to hold their Bees and not spend them. If no one is going to spend any Bees, why have any games at all?

Yeah not sure  POS will cause anyone to hold coins, 5% OR 50% pos per year does not matter to traders, these coins go up 200% in hours or days so they will be traded on spikes and dips as usual. People holding coins for staking thinking this is a good idea with regards making financial gain obviously don't know about trading.

I think keep final minting the same at 24BN because yes changing things can result it critical comments. Just a small POS will work to add security, let's keep it to a small % to hold back inflation. A game in the wallet later that did result in people being about to win beecoins would be great to get people having their wallets open. However that is something to discuss after the algo change so we can get on wit that.

I don't mind at all about the block tax... however there should be wallets for all 3 things

1. devs own wallet
2. project wallet for games, whatever
3. bees wallet for donations for bee saving causes.

so there is no confusing how many bee coins each has.


Soopy is ready to go so lets not hold him up further.

It sounds like all that is left is deciding how to break down the block tax.

2% - 2% - 2%

With approx. 10 billion Bees left to be mined that would be 200 million per wallet.

I think Soopy should get more, but this can be made up with donations from the community directly to him.

we could do something radical and ..

accelerate the minting a bit and send beecoin  POS like blackcoin and whitecoin?

we have 10BN bees left to mine.


put blocks back up to 200k fixed for 25k blocks then it's essentially over for POW  reduce reward to just 2 beecoins per block so it can still be POW mined to keep the chain more secure but really not worth mining.

then the POS starts and we have 5BN for POS ........ 2% Per year just leave it at that. Staking will have to be very frequently to keep the chain going like black coin.

Then we get a multi pool going like black coin to keep some buying demand for the coin.


?

Radical idea i know, but actually we get to move to POS faster and 25k blocks is a few weeks for everyone to have another start at the coin. We have been only getting 50k per block these last 41k blocks so it will give people a chance to get back into beecoin with some big block rewards now too.

This way we don't even have to risking swapping algo... in a week or two all POW blocks would be gone and we are mostly on POS. So scrypt asics won't matter.

Intriguing...Blackcoin has turned out highly successful after POW phase is over and now strictly in POS and Whitecoin is trying to model the same and is doing ok trading at 1500+ satoshis. If we did this and cut off mining after 5 billion more coins, then we'd have to double the block tax to 4% - 4% - 4% to keep the amounts funded to each wallet the same.

This is why I was advocating for a slightly increased mintage, of about 3 - 6bn, so that all of this increment can fund projects and games. Time is running out, people who need lots of coins should have already earned them by now.

We need to spread beecoin to the public, I mean THE REAL PUBLIC, so that it can be really wanted and valued. Block tax is necessary, because people may not have enough bees to physically donate.

The game concept is just a marketing survival strategy, to make people use the qt client more often - we really want people to believe that they can earn a few bucks a day by playing games, instead of receiving them at giveaway faucets. This is an easy way to make beecoin attractive to the public.

The games will act as a MASSIVE FAUCET, open to miners, non miners - EVERYBODY!

BEECOIN MUST APPEAL TO THE PUBLIC!

We could have already minted 14bn, so stretching this coin to 27 -30bn in an attempt to fund projects and games is a very good idea.

People will not physically see this amount, but rather the useful amount of coins will be around 20bn, the other 7 -10bn (if my idea works) will be for POS, SCARCE MINTING, GAMBLING - this is the point of fierce competition between gamblers and miners to keep beecoin alive.

We need to keep beecoin alive after POS, or it could become a forgotten coin, please remember that many coins are still springing up.

POPULARITY and MARKETING are the issues here, not coin dilution or devaluation

If we finally have a total mintage of 30bn, do you know that we may not even physically get to the 20bn point this year! Do you know that POS compound interest  and final block rewards will consume more than 6bn coins? This amount will never really be seen.

Just like bitcoin that has total coinage of 21m, but is still stuck at 12 - 13m, may not get to 14m this year.

Realistically, with 30bn max coinage, we need to do all the work before approaching 20bn coinage, because the other 10bn will be a battle.

This is where games and gambling become useful - as miners, gamers and investors begin to scramble for the GAMBLING RESERVIOR, that typically pays out 1 BEE per wallet per day (just an imaginary figure to emphasise fierce competition and future scarcity of beecoin)

i for one am getting tired of a lot of coins using hard forks, that means constantly downloading full blockchains all the time, why cant the updated programs contain block data or why cant new versions just over write with the latest version and leave everything else alone?
maybe some body needs to rewrite the whole qt. just think what is going to happen in years to come, nobody will join a coin as it will take forever to update, many current members will leave due to constantly having to reload everything, only a few people will be left and the coin will be worth nothing!
forget about adding new things or spreading the word etc make a qt so it works and updates without having to go through a load of waiting and starting from scratch every month or two!
having the best qt will get more people using the coin than having the prettiest picture or fastest block or advertising etc, word of mouth is cheaper and more powerful than wasting time on advertising!

that is true, i don't think that is an issue. Could be done.

1. new interest since blocks would now be double what they were even at the start.

2. quickly on to POS , no need to change algo

By then end of the POW for beecoin have the multipool ready so we can put miners straight on to that keep momentum going.


Of course this is a radical change and everyone needs to absorb this idea... if not we just go ahead with the x11 pos idea as before.

If coinage is increased to 30bn, we will really only see about 20bn. Block tax needs to be implemented fast, block tax is the real issue.

We need 2% DEV, 6% games faucet, 2% BEES, 2% PROJECTS.

This is what I want, if possible. I even want much more to go to gambling games faucet - this could be a large faucet, where members have to play a particular game (a very simple game), to earn very few bees, once every day.

Yeah but i see people saying they only want 4% total tax.... so i guess we have to meet in the middle somewhere. Hence why i mentioned 6% or 8% tax.

game/casino/give away - this all can come under projects really from the same pot. We will keep a ledger.

I really like what cryptohunter has proposed. I never thought about this scenario for Beecoin.

Would an algo change make any difference at all? There would be a multipool set up to continue mining to help maintain and secure the blockchain, though the reward would only be a couple of coins per block. Would it benefit from a change to X11 or Blake256...if even to differentiate from BC and WC just a little?

Some thoughts:

There are 10 billion coins left out of the original 24 billion.

1. A block tax could be implemented on the remaining 5 billion coins to be mined of...let's say 4-6%. This would strictly be used to pay the dev. This leaves 4.4 to 4.6 billion coins to attract miners with large 200k reward blocks.

2. This leaves 5 billion coins from the original 24 billion for POS.

3. If we are going to add to the total minting, then we need to do it now...while Beecoin is basically an unknown to most traders and miners.

The additional minted coins (3-6 billion) would be used for all bee related projects, games and gambling. I'm not a fan of adding to the total but if it's actually needed to fund Beecoin going forward, then so be it. I would try to stay closer to the lower side of the estimate (3 billion additional coins). A lot can be done with that amount if we end up adding to the total. This would increase the total minting to 27 billion.

Whatever we do, we need to get started soon. Soopy is ready to get to work...we just need to come to some final decisions. I think a specific time frame or deadline needs to be set for implementing any changes to Beecoin. We've been talking about this for over a week. If we don't set one, we'll just keep talking about it.

I'm with the new idea. I really like it and it sets Beecoin apart from most other coins. This should help Beecoin get some attention.

These are just ideas and everyone needs to chime in and have their say.

hi,

no the multipool is to mine other coins and then change them into beecoins putting constant buy pressure on beecoins even though none are being minted.... another good reason to have super low POS.

There is no real advantage for us to go a different algo if the pow blocks left will be done in a couple of weeks.

We just need 1 or 2 miners left on the beecoin chain to keep it moving, although it could be fine with just POS if it's like BC and mints every day for a tiny amount.  Really only a few MH on beecoin would keep it chugging along and POS would do most of the work.  Although pow+pos is most secure so making the bee blocks maybe 20bee rewards and on super low diff will be worth mining perhaps.

I guess we need block tax for project development and for saving bees too.

So yeah we need to be realistic about what people will accept for block tax. 6-8% is probably the limit for most.

This is quite a radical change to the original plan so we have to make sure it really is a good idea.  

If we got this going and had a multipool ready even before POW ends that would be very good for beecoin.



Although if people want to stick to the original idea that's cool too. Anyway we just need to get on with it because whilst we discuss over and over beecoin is losing ground to other coins.

Once this is done ... marketing next.

My bad on the multipool...I see what you mean now. It can't be POW mined anymore after it goes purely POS.

My idea of games is just to make beecoin wanted and popular - also to help spread some bees to non miners.

You see, we are already at 14bn. Even if we eventually increase coinage to 30bn, we may be at 22bn mark by the end of the year, the other 8bn coins should be POS coins.

I would love to incorporate a very simple game to the wallet, to make beecoin appealing to the masses.

Games are really a large giveaway faucet, but with some gambling characteristics - miners and non miners would be encouraged to compete for bees.

SO IN THE END, BEECOIN WILL HAVE SOME SELLING POINTS
- a real "save the bees campaign"
- an honest POS coin
- an interactive gaming coin.

BEECOIN needs features to make it an expensive high demand coin - people must really want beecoin - this is where the gambling game concept becomes useful.

A teenager on a train, or an office worker will be attracted to beecoin, if they discover that they can earn a few bees by merely downloading the wallet and playing games.

I wanted a game reservoir to be funded from the block tax, that will in turn work as a large faucet to reward gamers, instead of giving them coins for free.

Jealous miners can also play games to earn the coins back, while their rigs are also mining coins.

People on this forum do not understand - My reason for advocating for slightly increased coinage is to fund games that will create a magnetic attraction of the masses to beecoin.

We do not want beecoin to be stuck at $20,000 or $200,000 market cap, rather we should aim to reach $5,000,000 to $20,000,000, even to exceed blackcoin and whitecoin.

I feel that mere x11 plus POS will not take us far beyond $200,000, unless we are lucky.

WE NEED SPECIAL FEATURES TO SUCCEED.
 
 

We will soon have 15bn coins minted.

we really do need 30bn coinage.

I was advocating 12% block tax on the remaining 15bn coinage (assuming we do increase coinage). Block tax should be taken from mined and POS coins:

TAX: 2% DEV, 2% BEES, 2% PROJECTS, 6% GAMBLING GAMES.

GAMBLING GAMES are just a giveaway faucet incorporated into the wallet, but as gambling game. We want to attract non-miners to use the wallet.

These figures are really 1%, 1%, 1% and 3% respectively, of the total coinage - these figures will never really be attained, because 30bn coinage is like theoretical INFINITY.

THIS IS STILL SUBJECT TO DISCUSSION.

You have heard people say they only want 3-4% block tax how will you convince them for 12%.... 8% is in the middle , let's meet them in the middle and start going with this.

Let's get it decided today every day longer is just pushing beecoin further down the ranks.

1 are we acclerating the minting to get to POS quicker and save ourselves the hassle of algo change? and make the coin more like black coin

2. are we having 12% block tax, 8% block tax or 4% block tax.

need a poll and leave it open for one more day. No point everyone writing different things in the thread going round and round.

Yes，let's make a poll.
When the community has make up the decision, just go in action.
Time is not on our side.

Members were suggesting small tax with 24bn BEES - I was suggesting a larger block tax with 30bn BEES.

WE NEED SLIGHTLY MORE BEES, because we are already at 14bn+.

Even with 30bn, we may not see 22bn this year, because 30bn is to be achieved AFTER MANY YEARS OF COMPOUNDED POS.

So, even if we have 30bn, we need to make all our progress within the 14 - 22bn BEE range. We need to market BEECOIN aggressively within this range.

Soopy will soon be around, he is working hard behind the scenes.

OK, LETS AGREE 6% TOTAL BLOCK TAX, AND 30BN COINAGE.

BLOCK TAX:
2% soopy
2% bee
2% games gambling projects

With 30bn coinage, we may not even see 20bn this year, if block rewards are tapered and POS kicks in. Remember that we need features to make beecoin shine, or we will just be a typical $100,000 coin.

THE GAMES SHOULD BE VERY SIMPLE GAMES. THEY REALLY ARE GIVEAWAY FAUCETS INCORPORATED INTO THE QT CLIENT, but where members must play a simple game, then see if they have won very few coins or not.

Rewards or losses should be made only once per day per game per wallet.

I don't want to be rude, but please stop pushing ideas without critical proof. To plan a successful coin require a lot of understanding of  game theory. Be careful trying something that may eventually back fire on ourselves.

As we all know, we currently have some issues with beecoin:
1. Most of the bees are left including the original dev.
2. The Beecoin net hash rate is very low and under frequent attack by multipools. So currently most of the coins are mined by the multipools. There are huge coins waiting to be dumped.
3. Beecoin price is very low.
4. Over 60% of beecoin have been mined.

What we need to act immediately is:
1. Change the algorithm. We need a hard fork, changing the algo from scrypt  to X11 or blade256. So that we can keep the multi pools away, and avoid the incoming scrypt ASICs.
2. Change the random block rewords.
3. Adding POS.
4. Adding block tax. The tax rate is just some constant variables the bees need to decide at the last moment. But the work on the new wallet should be start right away.

As the the games or something else, these are the things that can be wait. We don't want to build the Rome city in a day.

Soopy is performing changes in 3 stages, in this order:
- Algorithm (x11 plus POS)
- Block tax
- Games

I AGREE THAT WE NEED TO CHANGE THE RANDOM BLOCK REWARDS

Yes I agree we have to change random block reawrd i'ts fucking disaster.
 

Set up a poll with a few choices. Since POS won the last poll, there shouldn't be a choice without it.

1. X11 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

2. Blake256 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

3. Model after Blackcoin - no change to algo - increase block rewards to 200,000 up to 5 billion coins to accelerate time to POS - POS rate is 2% per year with 5 billion remaining coins.



Set up a second poll for block tax.

1. 2% dev - 2% games - 2% bee projects

2. 2% dev - 3% games - 2% bee projects

3. 2% dev - 3% games - 3% bee projects



Set up a third poll to decide adding to the total coin minting or not for future project support.

1. No

2. Yes - 3 billion

3. Yes - 6 billion


Just suggestions but polls would be decisive and show the community's preferences. If we only have one poll, it leaves room to argue about the other items. Just my 2 bees....

Yup the only way to do it.

Set up a second poll for block tax. It should look like this:

1. 2% dev - 2% games - 2% bee projects

2. 2% dev - 3% games - 2% bee projects

3. 2% dev - 4% games - 2% bee projects
 
Gambling games are a marketing tool to make beecoin notorious. They are a better alternative to giveaway faucets - people who want "freeBEES" should play on the QT client.

These are just suggestions, nothing is cast in stone yet.

WE ARE GIVING SOOPY A LOT OF HARD WORK, WHILE VERY FEW PEOPLE HAVE ACTUALLY MADE DONATIONS.

There was a 3rd option to leave the algo as is and model the coin after Blackcoin. Increase the block reward to 200000 until next 5 billion coins is mined. This would leave 5 billion coins approx for POS at 2% per year. Cryptohunter can give you more details. I think it's a valid option and should be included in the poll. Blackcoin is doing great and even Whitecoin is going along quite nicely during it's POW phase...even with all the multipool dumping.

x11 + POS is a marketing strategy to prove that beecoin is a superior coin. This will attract major miners to the game, just before POS kicks in.

Whitecoin is popular because of Blackcoin. Blackcoin is popular because of its algorithm

Whitecoin may be popular because of Blackcoin. They are both POW/POS hybrids. Blackcoin is and has been completely POW mined and is strictly POS at this point. Staking is every 8 hours to help keep the blockchain secure and a multipool is set up for miners to mine other coins whose profits are spent on Blackcoin. Whitecoin will be completely POW mined within a few days and also go purely POS...supported also by POS staking and multipool. Whitecoin is a scrypt algo coin....not sure about Blackcoin...but it doesn't matter since it has been unmineable since block 10000.

BEECOIN is not as lucky as whitecoin. We NEED x11 + POS as a selling point to attract miners. When we attract miners, we will win many votes to get onto a major exchange - then POS kicks in.

x11 + POS is a MAJOR SELLING POINT.

GAMES and block tax may come later. We just want feature to make beecoin unique and popular.

I don't mind either way... but the inflating should only be done through POS. 1% per year but regular staking for security. I'm not sure what the original POW final blocks were.. perhaps 1000? not sure, however we could put that down to 100 or 20 even since now we will have pos.

We should just push ahead either way i don't mind.

Soopy's method is best. Who knows, we may become popular merely by algo change, as this will attract a crowd of miners.

we will become popular from good marketing... sure let's go with keeping blocks as they are then with x11 and POS.


the block tax needs to be from each block gradually as we go... so from each block mined 2% 2% 2% or whatever % we decide, constant flow of coins coming in for various things.

When will algorithm change + pos?soon or no?wait or not

Soon mate , as much I'm doing for BeeCoin more than I'm doing for my own or other coins , you'd have to wait a few days , Rome was not built in one day nor any coin I know of including BITCOIN!

Thanks soopy, we know it takes time to make a premium product.

I notice diamond has now copied our block tax idea :)

This is the problem with posting ideas on the forum, your ideas get stolen. We are already hovering around 15bn mark, algo change with POS needs a little coinage increase, to attract miners, just before block reward drops significantly.

WE NEED TO DEVELOP MARKETING IDEAS.

We don't need miners as such we need buyers and general interest. Marketing is now key.

I know a few people waiting to market this once we are stable on the new source.

I guess diamond didn't really steal it ... i was just messing. Block tax is a good thing though and in the future i think all coins will have it.

Beecoin hasn't got started as yet...

i can not get the wallet :O do you have any other link than mega one ??

what happens when you try to get the mega one?

thank you,but can you tell how long?few days said many times but now few weeks,need a know when.thank you mate.X11 pos difficult then scrypt pos better?x11 pos not possible?

Hi this is what i get https://i.imgur.com/mrT5iy1.png

*edit* it have been like this since yesterday.

Hopefully soopy can upload it again to a different mega server.... that mega server must be having some issues.

I will upload it to mediafire if that's okay? :)

yeahh thanks :)

We need to make beecoin popular, as soon as X11 + POS kicks in.

We need to advertise and Market BEECOIN like mad, on the forum, as soon as the changes are implemented.

Expect something in the weekend. :)

Yes for sure, i know 2 people that are ready to start marketing as soon as possible with beecoin.... however need to wait for the latest qt since no point making noobs download the wallet 2x.

If soopy says this  weekend then that's not too long to wait. :)

WTS 1432068533 BEE , Offers ? SOLD

Sell them at allcoin.com

Thanks, Done

was that a typo?  i don't see 1.4B for sale. Or did they sell privately?

It must have been a typo

Over 70% of source code updates are finished with regards to X11 implementation , I believe we should be able to see a new sun shine over the weekend.

~SoopY~

Great news, beecoin website and marketing will ensue in the near future too. Be great to start marketing beecoin.

Yes it is, im sorry i didnt notice as i copied the amount from another wallet. the Amount was around 250 mil and sold for 7 to 8 latoshi.

So you have 1.4bn BEES in another wallet? You must be LOADED!

i think he means perhaps from another coins wallet.

I wouldn't be too surprised if he was sitting on that many Beecoin, I have over 100mil from just under a week of mining at 1.5 Mh\s

Any news still waiting thank you.Many weeks, nothing yet?

Soopy was about 80% complete with the new algo, just a while ago, so we need to wait and be patient. Beecoin is still going to thrive.

Yea the dev posted something about it yesterday, you should read the posts before saying something next time, makes you look like a jack ass

so harsh!

I wouldn't be too surprised if he was sitting on that many Beecoin, I have over 100mil from just under a week of mining at 1.5 Mh\s
[/quote]

Impossible. I've mined with 5.2 mhs and got only 12-14 M per day.

I believe my advice is to hold on to BeeCoin since there's change in the wind in the coming days.

~SoopY~

i have 70k in cryptorush

any idea if they gone for good?

The magic 8 balls says.. things don't look good

Cant say much about Cryptorush at the moment though they are planning to come back from the insolvency and ofcourse they gotta pay everyone.

I believe BEEcoin was not affected from the drama.

~SoopY~

I took all my coins off, just in time.

Impossible. I've mined with 5.2 mhs and got only 12-14 M per day.
[/quote]

That is from a few weeks ago when Diff was easier, I only get a couple M per day now

That is from a few weeks ago when Diff was easier, I only get a couple M per day now
[/quote]
You can see the difficulty jumps from time to time. This is because of the multipools jumping in and out sweaping most of the beecoins.

i saw about 200M left on there when it was taken down.... so i guess some people lost some or perhaps they will get them back ...who can say right now.

I have faith that cryptorush will come back and make it right with everyone that lost coins.

Yes: Yakuza.

Why bees are disappearing
Honeybees have thrived for 50 million years, each colony 40 to 50,000 individuals coordinated in amazing harmony. So why, seven years ago, did colonies start dying en masse? Marla Spivak reveals four reasons which are interacting with tragic consequences. This is not simply a problem because bees pollinate a third of the world’s crops. Could this incredible species be holding up a mirror for us?

http://www.ted.com/talks/marla_spivak_why_bees_are_disappearing?language=en (http://www.ted.com/talks/marla_spivak_why_bees_are_disappearing?language=en)

I think this is a marketing point for beecoin, and we should really do something in the future help saving the bees.

Very much agreed!

Hmm idk, the dev said he was doing the algo change over last weekend, haven't seen any updates since

Wallets generated. :) Testing.

amazing news .... beecoin is going to be the first x11 pos coin out there it would seem.

excellent work soopy...how long is the testing phase before public release?

Thank you for the update soopy

wow, thank you for your work, Soopy. How long till public release?

btw, keep voting on Mintpal, we continue moving up! :)
https://www.mintpal.com/voting#BEE

I can't wait of this moment. You'll see there will be huge noise about this coin. If  we only have some contact with bee supporting organisation, than the price would just exploded.

I don't mean to be a debbie downer, but it's starting to feel like BEE really is dead now. I mean absolutely nothing has been done, not a damn thing; all the while soopy seems to be working on UNO more actively than BEE.

Don't take me wrong, he has every right to work on any coin of his choosing and owes no one here a damn thing, but it does seem to me like we've been abandoned twice now.

Anyone else feeling similar here?

 ???

Bee hasn't been abandoned.

No one should feel Bee is abandonded mate we were testing the new wallet due to the seriousness of the situation as we are working with a live blockchain and nothing , I mean nothing can or should go wrong.

Have faith and patience , there are alot of great things coming for Bee.

John and Cryptohunter have been updated they will let you all know.

~SoopY~

We shall look into this!  Allcoin has already frozen beecoin market.
https://bitcointalk.org/index.php?topic=595056.0 (https://bitcointalk.org/index.php?topic=595056.0)

https://github.com/search?p=1&q=amount+%25+%28MAX_TX_FEE+*+COIN&ref=cmdform&type=Code (https://github.com/search?p=1&q=amount+%25+%28MAX_TX_FEE+*+COIN&ref=cmdform&type=Code)

Soopy You have to react fast on this, because it dosen't look good for marketing.

I have made my point clear on their thread.

here's my reply posted there.

There are alot of changes coming with Bee , better hold it for now.
I'm the new Dev working on Bee and will update as needed.

For the moment Bee is in a transition phase to X11 with POS so I believe you can assume we are on the safe side.

~SoopY~