Any bets for how fast this gets to Bittrex?  |
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I have some questions about the PoS:
If a user has 1.000.000 BitB staking, after the 6 hours for maturing how many BitB will he gain? since it's not a % and it's based on the block how can the user know what to expect??
Another question: Should the user have 1 address with 1 Million BitB or 10 addresses with 100.000 bitB? Is there an diference?
Well, they should solve a block when their network stake is high enough after six hours, and that block will contain 1000 coins. In the case of Bitbean, it may increase block frequency if you split the 1 million coins into 10, 100k coin addresses. so in this case having 10 addresses with 100K it's worse than one with1M ? Where can I check the stake weight for BitB? I was saying as far as I know there is a chance of finding more blocks with 10 addresses, each holding 100k coins. The 1 million coin address would find the block sooner, but you would only receive 1 block. The 10 addresses would find the blocks later, but they would each find their own 1000 coin block. So in that model it is more efficient and profitable to use multiple addresses. As for checking stake weight, most wallets will give you the stake weight if you hover your mouse over the staking icon in the bottom right of the wallet. There is more than likely a debug console command for checking stake weight as well but I haven't looked yet to see what that command was for bitbean. |
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I have some questions about the PoS:
If a user has 1.000.000 BitB staking, after the 6 hours for maturing how many BitB will he gain? since it's not a % and it's based on the block how can the user know what to expect??
Another question: Should the user have 1 address with 1 Million BitB or 10 addresses with 100.000 bitB? Is there an diference?
Well, they should solve a block when their network stake is high enough after six hours, and that block will contain 1000 coins. In the case of Bitbean, it may increase block frequency if you split the 1 million coins into 10, 100k coin addresses. |
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Good work  |
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I'm not able to stake my coins. Can anybody help me?
I transfered my coins to the wallet. Waited for the 110 confirmations unlocked my wallet but nothing. It still says Not staking because you don't have mature coins.
Any idea?
You're doing everything right, you just have to keep the coins in the wallet for 6 hours to mature for staking, not 110 confirmations. 110 confirmations is for newly minted blocks to become spendable. Hope that helped! I'll wait 6 hours than. Thanks for your reply. No problem |
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I'm not able to stake my coins. Can anybody help me?
I transfered my coins to the wallet. Waited for the 110 confirmations unlocked my wallet but nothing. It still says Not staking because you don't have mature coins.
Any idea?
You're doing everything right, you just have to keep the coins in the wallet for 6 hours to mature for staking, not 110 confirmations. 110 confirmations is for newly minted blocks to become spendable. Hope that helped! |
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And as always, there will constantly be new developments, not counting an appreciating price  Edit: We surpassed BTC100 volume! Yay!!  I can see sell walls getting thinner and thinner in bittrex.. 30 satoshi is just around the corner Anyone selling now will be crying in a few days once it's over 100 sats Nearly 500%... Yes please  |
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Can someone explain to me why I should buy at least 500,000 Bitbean coins please?
OK tbh i dont know as well why you should buy.. we are here since mining and supporting this coin as it seems unique somehow, different than most clone alts. Dev's intention was very clear creating this coin.. he didnt cheated and there was no premine or anything hidden stuffs, no any fancy visual announcements, it was just simple announcement (one month early) and nobody was mining at first when dev told everybody to start mining lol Read OP to find out what is new here, also browse some posts from last 3 days..This coin is only few days old We are in page 22 only so you can go back and read some more posts and find out yourself and decide why you should buy BITB.. We are supporting new and innovative coins over other many shitcoins thats why we are here Something special here was bigger block size of 20MB, there is discussion all over the thread about what was that and why it was important but still dev said its not a big deal and seems he has more to offer to the community. At last buy or don't buy, make your own call.. I can respect your response. Thanks And as always, there will constantly be new developments, not counting an appreciating price Edit: We surpassed BTC100 volume! |
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no pool  how to mining? You missed mining.. its over already bro The coin is 100% PoS now, so you can either buy some and stake them in your wallet or you can wait for a multipool to be set up ohh i lose miniing moment  how many POS can i get /year? That's what is one of the current innovative features of this coin, is that there is no PoS percentage. Rather, it is a standard 1000 coins per block, each block being at a 1 minute target. |
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no pool how to mining? You missed mining.. its over already bro The coin is 100% PoS now, so you can either buy some and stake them in your wallet or you can wait for a multipool to be set up |
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dev has done a lot of work to complete that big 20MB blocksize..
that's so amazing.
Honestly it was a very easy change. No need to make a big deal out of it. can you give more details how can network handle that big blocksize? does that also mean bitbean network can handle more transactions/second than bitcoin and other altcoins? Thanks The network could in theory handle even a bigger size. For Bitbean, the target block time is 1 minute . so 1/10 the block time of Bitcoin but 20x the maximum block size. So, atleast over a thousand transactions per second. yes more than other coins. But please keep in mind this is only a part of Bitbean it is not the main detail about it. so what's the future plan? Who will put light on the next plans. Well, with the experiment 10k showing that it is possible for a normal PoS blockchain to support a very rapid supply of blocks, maybe we could adapt to a similar system. We would adapt the block reward schedule in such a manner that there is still the same level of minting in 1 minute, but the blocks would come at a much faster rate, at the same time allowing for a 20MB max size. In order to spice up the incentive of demand, we could create a decreasing block reward schedule in so that it could half at 6 months to a year. Added to this decreasing format, it may be possible to implement a minimum stake level, giving an incentive to hold more coins to stake (aka a "staking node" of sorts). Just some ideas I really like "staking nodes" idea. The decreasing reward with time idea also. I'm not advanced enough with the nity-grity of coding P2P cryptographic systems in order to know how to implement this, but another idea I had would be to implement a system of funds or even data transfer via the tunneling of a private key across the network from wallet to wallet. So rather than broadcast transactions from node to node, you would in practicality be sending a digital "paper" wallet (similar to writing a check). This system could solve for a ease of use, as well as adding an extra level of anonymity. Not stopping at the transfer of BITB with the private key tunneling, in the future you could conceivably tunnel other cryptocurrency private keys across the network, allowing for the nearly free, instant transfer of any currency with ease of use and privacy. I was thinking of something that gives a similar goal, but with the use of multi-sig and signing transactions instead of giving the private key. And in doing that, BitBean would be the first coin to solve atomic cross-chain transfers without the need for sidechains. Something never done before Edit: And I was thinking the possible required coins for a "staking node" could be something on the order of 1 Million, giving the coin a good demand v.s. supply. What about 100k That would allow more people to stake and make it more decentralized. 1 million might become unaffordable. True, that seems more fair as well... around 6,000 nodes versus only 600. |
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dev has done a lot of work to complete that big 20MB blocksize..
that's so amazing.
Honestly it was a very easy change. No need to make a big deal out of it. can you give more details how can network handle that big blocksize? does that also mean bitbean network can handle more transactions/second than bitcoin and other altcoins? Thanks The network could in theory handle even a bigger size. For Bitbean, the target block time is 1 minute . so 1/10 the block time of Bitcoin but 20x the maximum block size. So, atleast over a thousand transactions per second. yes more than other coins. But please keep in mind this is only a part of Bitbean it is not the main detail about it. so what's the future plan? Who will put light on the next plans. Well, with the experiment 10k showing that it is possible for a normal PoS blockchain to support a very rapid supply of blocks, maybe we could adapt to a similar system. We would adapt the block reward schedule in such a manner that there is still the same level of minting in 1 minute, but the blocks would come at a much faster rate, at the same time allowing for a 20MB max size. In order to spice up the incentive of demand, we could create a decreasing block reward schedule in so that it could half at 6 months to a year. Added to this decreasing format, it may be possible to implement a minimum stake level, giving an incentive to hold more coins to stake (aka a "staking node" of sorts). Just some ideas I really like "staking nodes" idea. The decreasing reward with time idea also. I'm not advanced enough with the nity-grity of coding P2P cryptographic systems in order to know how to implement this, but another idea I had would be to implement a system of funds or even data transfer via the tunneling of a private key across the network from wallet to wallet. So rather than broadcast transactions from node to node, you would in practicality be sending a digital "paper" wallet (similar to writing a check). This system could solve for a ease of use, as well as adding an extra level of anonymity. Not stopping at the transfer of BITB with the private key tunneling, in the future you could conceivably tunnel other cryptocurrency private keys across the network, allowing for the nearly free, instant transfer of any currency with ease of use and privacy. I was thinking of something that gives a similar goal, but with the use of multi-sig and signing transactions instead of giving the private key. And in doing that, BitBean would be the first coin to solve atomic cross-chain transfers without the need for sidechains. Something never done before Edit: And I was thinking the possible required coins for a "staking node" could be something on the order of 1 Million, giving the coin a good demand v.s. supply. |
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dev has done a lot of work to complete that big 20MB blocksize..
that's so amazing.
Honestly it was a very easy change. No need to make a big deal out of it. can you give more details how can network handle that big blocksize? does that also mean bitbean network can handle more transactions/second than bitcoin and other altcoins? Thanks The network could in theory handle even a bigger size. For Bitbean, the target block time is 1 minute . so 1/10 the block time of Bitcoin but 20x the maximum block size. So, atleast over a thousand transactions per second. yes more than other coins. But please keep in mind this is only a part of Bitbean it is not the main detail about it. so what's the future plan? Who will put light on the next plans. Well, with the experiment 10k showing that it is possible for a normal PoS blockchain to support a very rapid supply of blocks, maybe we could adapt to a similar system. We would adapt the block reward schedule in such a manner that there is still the same level of minting in 1 minute, but the blocks would come at a much faster rate, at the same time allowing for a 20MB max size. In order to spice up the incentive of demand, we could create a decreasing block reward schedule in so that it could half at 6 months to a year. Added to this decreasing format, it may be possible to implement a minimum stake level, giving an incentive to hold more coins to stake (aka a "staking node" of sorts). Just some ideas I really like "staking nodes" idea. The decreasing reward with time idea also. I'm not advanced enough with the nity-grity of coding P2P cryptographic systems in order to know how to implement this, but another idea I had would be to implement a system of funds or even data transfer via the tunneling of a private key across the network from wallet to wallet. So rather than broadcast transactions from node to node, you would in practicality be sending a digital "paper" wallet (similar to writing a check). This system could solve for a ease of use, as well as adding an extra level of anonymity. Not stopping at the transfer of BITB with the private key tunneling, in the future you could conceivably tunnel other cryptocurrency private keys across the network, allowing for the nearly free, instant transfer of any currency with ease of use and privacy. |
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dev has done a lot of work to complete that big 20MB blocksize..
that's so amazing.
Honestly it was a very easy change. No need to make a big deal out of it. can you give more details how can network handle that big blocksize? does that also mean bitbean network can handle more transactions/second than bitcoin and other altcoins? Thanks The network could in theory handle even a bigger size. For Bitbean, the target block time is 1 minute . so 1/10 the block time of Bitcoin but 20x the maximum block size. So, atleast over a thousand transactions per second. yes more than other coins. But please keep in mind this is only a part of Bitbean it is not the main detail about it. so what's the future plan? Who will put light on the next plans. Well, with the experiment 10k showing that it is possible for a normal PoS blockchain to support a very rapid supply of blocks, maybe we could adapt to a similar system. We would adapt the block reward schedule in such a manner that there is still the same level of minting in 1 minute, but the blocks would come at a much faster rate, at the same time allowing for a 20MB max size. In order to spice up the incentive of demand, we could create a decreasing block reward schedule in so that it could half at 6 months to a year. Added to this decreasing format, it may be possible to implement a minimum stake level, giving an incentive to hold more coins to stake (aka a "staking node" of sorts). Just some ideas |
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how many total coin ?
Current outstanding coins: 606,647,000 BITB Increases by 1000 coins each block The the target block time is 1 minute Is this a constant rate of generation or will it eventually half like conventional PoW block rewards? |
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How is getting so much volume on trex? Lots of people losing a little money on this, buying like crazy while it goes up, right before a sell off.
Sell off is done now. Here i am still buying like a crazy coz i think price will hit 30+ satoshi today and go up up from there I'm betting we hit and stabilize around 30-40 sats today, possibly surpassing BTC100 volume |
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Considering the block explorer that the dev provided isn't even functional, OP should be updated with this block explorer. Blocktree is very nice I might add |
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One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time. Refreshing and fun to trade atm too, heh. I could see 50-100 sats not being too unreasonable |
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nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this
the use of this coin is in proving this next fen tech if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol. there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol. just saying trade do not invest in this Agreed, but aye, just like most alts out there |
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nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this
the use of this coin is in proving this next fen tech if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol. there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol. |
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