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61  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bit Trust System - New economy/Finance/Defi on: December 31, 2019, 04:31:43 AM
Where to get an invite?

this one: mIUpbXu3
62  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bit Trust System - New economy/Finance/Defi on: December 31, 2019, 04:30:57 AM
I saw that there is 40% to the community, can you explain how you will distribute it to the community?

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )
63  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bit Trust System - New economy/Finance/Defi on: December 31, 2019, 04:13:37 AM
AMA

64  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bit Trust System - New economy/Finance/Defi on: December 31, 2019, 04:10:48 AM
• Software and Appshttps://www.biut.io/dapp




https://github.com/BIUT-Block/biutblock-client-pool/releases

65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bit Trust System - New economy/Finance/Defi on: December 31, 2019, 04:01:04 AM

Exchange :

https://trade.coinegg.com/trade/biut_usdt/

https://www.biki.com/trade/BIUT_USDT

https://big.one/trade/BIUT-USDT

https://big.one/trade/BIUT-ONE
66  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] Bit Trust System - New economy/Finance/Defi on: December 31, 2019, 03:58:44 AM
BIT TRUST SYSTEM


Bit Trust System is an electronic trust system that is completely implemented by peer-to-peer technology. It is a system-level trust program based on blockchain and algorithm implementation. It ensures that both parties to a transaction can complete transactions online through algorithms. There is no need for any centralization organization. BIUT solves the key problem of trust reconfiguration in the new economy and new financial fields such as E-commerce, sharing economy, P2P, crowdfunding, etc. It is an essential way for developers, businesses, and users to open the door to the digital economy.

Latest POW+POS Mining software: https://github.com/BIUT-Block/biutblock-client-pool/releases

Mining ANN thread:https://bitcointalk.org/index.php?topic=5213776.0




Trust coin BIUT


Cryptocurrency used in the application layer, BIUT chain is used to record the activity of transaction accounts by transaction trust algorithm.

Application:payment, mining interests proof, transaction mortgage, market trading fee, costs of arbitration and other disputes in the transaction.

Total amount:1.5 billion

Issue: Team 10%, foundations 10%, community 40%, 40% distributed by smart contract to the credit gatekeepers who secure the transactions in the ecosystem.





Trust coin BIU

Cryptocurrency used to pay the gas in the payment network. BIU chain used for account activity algorithm and filter the trusted nodes.

Application: Transfer, the gas of smart contract, cost of issue customize parent chain node.

Total amount: 1.5 billion

Mortgage BIUT amount: In proportion to the amount of mining BIU, Minimum mortgage of this year: 10 ( no upper limit)

Issue: Full issue

The first 100 million of 750 million will be used for release as the holding amount, the release rate is one in ten thousand percentage every 3 months.

The remain 650 million of 750 million BIU mining amount depends on the amount of the transactions. The mining amount will increase when the mining participants increasing and gas demands improving.
Mining block adjustment formula: The output is related to the number of transactions in the whole network in the first two periods, and the period is three months.

Calculate the output of the next cycle PQi+1:

PQi is the output of the last period. TQi is the transaction numbers of the whole network at last period, TQi-1 is the transaction numbers of the whole network at the period before the last period.
In this formula: if TQi, TQi-1 is 0, Then add 1 respectively.
The left 750 million BIU will be halved in 4 years

• Website: https://www.biut.io
• White paper: https://www.biut.io/data/white_paper/biut-whitepaper-v3.72-english.pdf
• Software and Apps:https://www.biut.io/dapp
• Mining Wallet: http://mining.biut.io
• Facebook: https://www.facebook.com/BIUTBIU
• Twitter: https://twitter.com/BIUTBlock
• Instagram:  https://instagram.com/biut_block/
• Reddit: https://www.reddit.com/r/BIUT
• Medium: https://medium.com/@biut.io


Our Global Community
 
Discord: https://discord.gg/4dYFwYA
BIUT English Community: https://t.me/BIUTBlock
BIUT中国社区: https://t.me/BIUTBlockChinese


BIUT Public chain technical feature:

Two chains structure, Two coins economic model, JavaScript,
unique Autonomous system, Node communities, Modular design, Polling mechanism, TrustRank algorithm, PGPOW consensus mechanism(Combination of POW and POS consensus algorithm).

PC-Miner Mining feature: CPU mining with a Combination of POW and POS consensus algorithm,anyone can join PC-Miner to become BIUT Miner with a general PC.

BIUT website:https://www.biut.io/
BIUT explorer:https://scan.biut.io/

PC-Miner download link:
1.biut.io/dapp ;
2.https://github.com/BIUT-Block/biutblock-client-pool/releases;

Public mining wallet: 9cb6f427db8d457ae3e659bd6ec8db78652fe95c96ef6dad65c9c90bef67fc98 (Private key, use to import wallet to the PC-Miner)
Public mining wallet address :0x174a846a97a09685a51b6719904ae10fc981d7e4

Mining Tutorial:https://www.youtube.com/watch?v=3wc8vnBB-Rc&feature=youtu.be


67  Alternate cryptocurrencies / Mining (Altcoins) / [ANN] PC-Miner 1.2.66- CPU/POS/POW PC/Web Mining on: December 31, 2019, 03:40:51 AM
BIT TRUST SYSTEM: https://coinmarketcap.com/currencies/bit-trust-system/


Latest POW+POS Mining software:  https://www.biut.io/dapp

Announcement

The latest PC-Miner of rebuilding staging tree will be released tomorrow. The current low efficiency of blocks output and the mining pool balance display problems will be resolved within two versions. Thank you for bear with us while we are upgrading.

V1.2.60 https://github.com/BIUT-Block/biutblock-client-pool/releases/tag/1.2.60 Modify BIU output efficiency.
V1.2.61 https://github.com/BIUT-Block/biutblock-client-pool/releases/tag/1.2.61 Fixed a small bug
=============2020.01.16===============
PC-Miner  1.2.62 New version has uploaded to the official website: https://www.biut.io
You can download on this site: https://www.biut.io/dapp

-Improved BIU blocks output efficiency
-Reduced verification time
-Improved Blocks syncing time
-Fixed balance and total profits display problems


There are many changes in the new version so you should uninstall the old PC-Miner before you install a new PC-Miner.
Then delete the old "Data" folder and put the new "Data" folder to in your installation folder.
New "Data" folder download link: https://mega.nz/#F!BtEUiKoJ!BND6yuX1S5cZOmJ5Q-zm5g

=========2020.2.7========
PC-Miner  1.2.66 New version has uploaded to the official website: https://www.biut.io
You can download on this site: https://www.biut.io/dapp
Put the new "Data" folder to in your installation folder to start quick mining

New "Data" folder download link: https://mega.nz/#F!BtEUiKoJ!BND6yuX1S5cZOmJ5Q-zm5g

=========2020.3.12========

PC-Miner V.1.2.66 Mac Version(English, Chinese), Windows Version (English, Chinese) have been uploaded to the official website and Github

Details: https://medium.com/@biut.io/pc-miner-v-1-2-66-mac-windows-stable-version-release-8d0834e6be57



BIUT Introduction

Bit Trust System is an electronic trust system that is completely implemented by peer-to-peer technology. It is a system-level trust program based on blockchain and algorithm implementation. It ensures that both parties to a transaction can complete transactions online through algorithms. There is no need for any centralization organization. BIUT solves the key problem of trust reconfiguration in the new economy and new financial fields such as E-commerce, sharing economy, P2P, crowdfunding, etc. It is an essential way for developers, businesses, and users to open the door to the digital economy.

• Website: https://www.biut.io
• Software and Apps:https://www.biut.io/dapp
• Mining Wallet: http://mining.biut.io
• Facebook: https://www.facebook.com/BIUTBIU
• Twitter: https://twitter.com/BIUTBlock
• Instagram:  https://instagram.com/biut_block/
• Reddit: https://www.reddit.com/r/BIUT
• Medium: https://medium.com/@biut.io


Our Global Community
 
Discord server: https://discord.gg/4dYFwYA
BIUT English Community: https://t.me/BIUTBlock
BIUT中国社区: https://t.me/BIUTBlockChinese


BIUT Background


Bitcoin resolved a single-way transfer trust problem.
Ethereum resolved token/coin exchange trust problem.
Bitcoin and Ethereum dominate the 80% global market value of cryptocurrency
Both of them prove that the true value of blockchain technology is to solve the trust problem.
BIUT is the third public chain after the Ethereum launch and is the trust mechanism of the underlying system in the digital economy age.
BIUT Turing period mainly applies to new economy fields such as P2P, C2C, Crowdsourcing, crowdfunding. etc. It is the “Google” in the value internet.
BIUT is the third generation public chain originated from MAIZUO. The early investors are constant internet entrepreneurs, hackers, and organization investors. 12 Ph.Ds and Masters of Stuttgart university make up BIUT public chain technical team in German.
The public chain technology use multiply chains structure, two-coin model, written in JavaScript and also have good expandability. The autonomous domain technology can adapt chains cross and the node community technology can support low computational power POW mining. The modular design can also attain one-click chain creation and coin distribution.




BIUT two coins model

BIUT(Trust coin) is the application coin, the total amount is 1.5 billion. BIUT uses to as trust mortgage, gatekeeper mining. 80% of the total amount will be locked up 3 years, the left BIUT distributes to the foundation and community.
BIU(Trust token) is the network coin, the total amount is 1.5 billion. BIU uses to pay gas fees and smart contracts. All of BIU will be mined by BIUT miners. Otherwise, 750 million BIU not only mined by miners but also as the mining rewards rewarded by Foundation. The rewards mechanism will adjust every 3 months based on the activity of the whole network. The left 750 million of total BIU will halve in 4 years just like Bitcoin.
BIUT main net launched on April 30, 2019. It has been stably running for about 5 months. In order to meet the network security, stability, and TPS demands of our next applications(eg. P2P). BIUT develop team launched full nodes mining wallet — — PC-Miner, which officially announced the start of BIUT public chain global mining nodes building plan — — BIUT Great Navigation Plan




BIUT Great Navigation Plan

Goal:Build 10000 mining nodes and 100 mining pool nodes
Time:1 year
Mining tool:PC-Miner
Mining method:Mortgage BIUT, mine BIU
Participate: Invitation code
Profits mechanism:mining profits, referral profits, mining pool profits, Premium profits.


PC-Miner Benefits mode :
Bronze Miner


Conditions:
At least mine 10000 BIUT to start mining BIUT. Mortgaged BIUT will lock up one year. The more BIUT you mortgage, the more BIU will be mined.
Direct miner referrals:0–9
Profits:
Mining reward:

Foundation rewards the same amount of BIU, automatically distribute to the wallet.
Referral:
Level 1: 8% BIUT mortgage amount. For example, direct referral mortgage 10000 BIUT, you will get 10000*8 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Level 2: 3 % mortgage amount. For example, your direct referral invite one friend to mortgage 10000 BIUT, you will get 10000*3 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Upgrade reward:0



Silver Miner

Conditions:
At least mine 10000 BIUT to start mining BIUT. Mortgaged BIUT will lock up one year. The more BIUT you mortgage, the more BIU will be mined.
Direct miner referrals:10–31
Profits:
Mining reward

Foundation rewards the same amount of BIU, automatically distribute to the wallet.
Referral:
Level 1: 8% BIUT mortgage amount. For example, direct referral mortgage 10000 BIUT, you will get 10000*8 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Level 2: 3 % mortgage amount. For example, your direct referral invite one friend to mortgage 10000 BIUT, you will get 10000*3 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Upgrade reward:1000 BIUT (Foundation will automatically distribute the rewards to your wallet)




Gold Miner


Conditions:
At least mine 10000 BIUT to start mining BIUT. Mortgaged BIUT will lock up one year. The more BIUT you mortgage, the more BIU will be mined.
Direct miner referrals:32–63
Profits:
Mining reward

Foundation rewards the same amount of BIU, automatically distribute to the wallet.
Referral:
Level 1: 8% BIUT mortgage amount. For example, direct referral mortgage 10000 BIUT, you will get 10000*8 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Level 2: 3 % mortgage amount. For example, your direct referral invite one friend to mortgage 10000 BIUT, you will get 10000*3 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Upgrade reward:5000 BIUT (Foundation will automatically distribute the rewards to your wallet)




Super Miner

Conditions:
At least mine 10000 BIUT to start mining BIUT. Mortgaged BIUT will lock up one year. The more BIUT you mortgage, the more BIU will be mined.
Direct miner referrals:More than 64
Profits:
Mining reward

Foundation rewards the same amount of BIU, automatically distribute to the wallet.
Referral:
Level 1: 8% BIUT mortgage amount. For example, direct referral mortgage 10000 BIUT, you will get 10000*8 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Level 2: 3 % mortgage amount. For example, your direct referral invite one friend to mortgage 10000 BIUT, you will get 10000*3 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Upgrade reward:10000 BIUT and 20000 BIUT rewards for every 100 referrals (Foundation will automatically distribute the rewards to your wallet)



Mining pool node
Condition(Meet any of below conditions):
① BIUT 510,000 mortgage miner(mortgage 10000 BIUT first and then mortgage 500,000 BIUT will have mining pool open qualification.
②Gold miner mortgage 100,000 BIUT will have mining pool open qualification.

Profits:

Mining profit:


Direct referral miner mortgage BIUT to the mining pool. The distribution of the mining profits is 15% to the mining pool owner and 85% to the direct referral miner.
Foundation rewards same amount BIU( the original mining amount and 15% referral mining profits)
Special reminder:
①Gather 100 miners within 100 days, the mining rewards(Foundation reward),will pay one-time. After 100 days, mining rewards will pay real-time.
②Gather 100 miners after 100 days, the mining rewards(Foundation reward),within 100 days will not paid. After 100 days, mining rewards will pay real-time.

Referral profit:


Level 1: 8% BIUT mortgage amount. For example, direct referral mortgage 10000 BIUT in your mining pool, you will get 10000*8 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Level 2: 3 % mortgage amount. For example, your direct referral invite one friend to mortgage 10000 BIUT in your mining pool, you will get 10000*3 %=300 BIUT (Foundation will automatic distribute the rewards to your wallet)
Promotion contribution: 3% reward of new miner
Special reminder:
①Gather 100 miners within 100 days, the 3% referral rewards(Foundation reward),will pay one-time. After 100 days, additional referral rewards will pay real-time.
②Gather 100 miners after 100 days, the 3% referral rewards collected within 100 days will not be paid. After 100 days, the 3%referral rewards will pay real-time.

Latest event

68  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 31, 2019, 03:23:28 AM
New version

https://github.com/BIUT-Block/biutblock-client-pool/releases/tag/1.2.58
69  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bountry]Global Nodes Lighting Plan-Simple Bountry on: December 31, 2019, 03:21:13 AM
New version https://github.com/BIUT-Block/biutblock-client-pool/releases/tag/1.2.58
70  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 30, 2019, 08:33:14 AM
file size too big. it takes 10 hours to "download objects" on a mobile connection so why offer an android version if you can't get the objects download smaller than 10 meg? 10 meg still takes an hour. android devices have quick web but the actual download speed is only 56k.

Hello, do you mean the android wallet?
71  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bountry]Global Nodes Lighting Plan-Simple Bountry on: December 27, 2019, 08:35:58 AM
Hello all, wish you have a great Christmas in advance. We still have our Christmas event processing.

Event rule:

Miner referral:
Invite one miner : $10 USDT
Invite 10 miners:  $120 USDT

Mining Pool referral:
Invite one mining pool: 0.25 BTC
Invite 4 mining pools: 1 BTC
72  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 27, 2019, 01:57:10 AM
Am I an idiot or does this first post have a private key and is suggesting you use that private key as your wallet?

Wouldn't this have everyone accessing the same wallet and funds? This seems ridiculous.

Hello, this wallet is for anyone who wants to know about BIUT CPU mining, like a trial pack.
That seems weird why now make their own wallet and just keep any rewards they make instead of just giving away anything they mine? I'm assuming if not you someone has a script running them transfers any reward gained immediately.

That's true, but people can try this mining. Or create its own wallet
73  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 26, 2019, 06:24:23 AM
What is Invitation code
during create a wallet the software ask for the invitation code and that is mandatory mention there


You can import wallet by this private key: 9cb6f427db8d457ae3e659bd6ec8db78652fe95c96ef6dad65c9c90bef67fc98

or use this invitation code: mIUpbXu3
74  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 25, 2019, 04:10:07 AM
Hello all, wish you have a great Christmas. We still have our Christmas event processing.

Event rule:

Miner referral:
Invite one miner : $10 USDT
Invite 10 miners:  $120 USDT

Mining Pool referral:
Invite one mining pool: 0.25 BTC
Invite 4 mining pools: 1 BTC
75  Alternate cryptocurrencies / Bounties (Altcoins) / [Bountry]Christmas Event $120 USDT & 0.25 BTC on: December 24, 2019, 07:46:20 AM
Hello all

I wish you have a great Christmas in advance. We present a Christmas Event for you.


Event rule:

Miner referral:
Invite one miner : $10 USDT
Invite 10 miners:  $120 USDT

Mining Pool referral:
Invite one mining pool: 0.25 BTC
Invite 4 mining pools: 1 BTC

How to become a miner and open mining pool on BIUT?

Check the tutorial (Read part 2) http://mining.biut.io/#/walletHelp
If you successful invite miner or mining pool, please send us of the wallet address or screenshot to the admin, they will help to confirm.



Bit Trust System is an electronic trust system that is completely implemented by peer-to-peer technology. It is a system-level trust program based on blockchain and algorithm implementation. It ensures that both parties to a transaction can complete transactions online through algorithms. There is no need for any centralization organization. BIUT solves the key problem of trust reconfiguration in the new economy and new financial fields such as E-commerce, sharing economy, P2P, crowdfunding, etc
CMC page: https://coinmarketcap.com/currencies/bit-trust-system/

Exchange :
https://trade.coinegg.com/trade/biut_usdt/
https://www.biki.com/trade/BIUT_USDT
https://big.one/trade/BIUT-USDT
https://big.one/trade/BIUT-ONE

 Website: biut.io
📲Web Wallet: http://mining.biut.io
 💻Download Mining software PC-Miner: https://github.com/BIUT-Block/biutblock-client-pool/releases

• Website: https://www.biut.io
• 📱📲 💻 🖥Software and Apps:https://www.biut.io/dapp
• Facebook: https://www.facebook.com/BIUTBIU
• Twitter: https://twitter.com/BIUTBlock
• Instagram:  https://instagram.com/biut_block/
• Reddit: https://www.reddit.com/r/BIUT
• Medium: https://medium.com/@biut.io

please contact @biutadmin if you have any questions.


Our Global Community
 
BIUT English Community: https://t.me/BIUTBlock
BIUT中国社区: https://t.me/BIUTBlockChinese
BIUT Indonesian Community: https://t.me/biutindonesian
BIUT Vietnam Community: https://t.me/biutvietnam
BIUT Korean Community: https://t.me/biutkorean
BIUT Russian Community: https://t.me/biutrussian
BIUT Arabic Community:
https://t.me/biutarabic
BIUT German Community: https://t.me/biutgerman
BIUT Spanish Community: https://t.me/biutspanish
BIUT Nigeria Community: https://t.me/biutnigeria
We are looking for community partners, please feel free to ask the admin for details.
76  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bountry]Global Nodes Lighting Plan-Simple Bountry on: December 24, 2019, 04:12:58 AM
Hello all, wish you have a great Christmas in advance. We still have our Christmas event processing.

Event rule:

Miner referral:
Invite one miner : $10 USDT
Invite 10 miners:  $120 USDT

Mining Pool referral:
Invite one mining pool: 0.25 BTC
Invite 4 mining pools: 1 BTC
77  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 22, 2019, 02:37:08 PM
Am I an idiot or does this first post have a private key and is suggesting you use that private key as your wallet?

Wouldn't this have everyone accessing the same wallet and funds? This seems ridiculous.

Hello, this wallet is for anyone who wants to know about BIUT CPU mining, like a trial pack.
78  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bountry]Global Nodes Lighting Plan-Simple Bountry on: December 21, 2019, 03:11:53 PM
up Smiley Wish all of you a happy christmas in advance
79  Alternate cryptocurrencies / Mining (Altcoins) / Re: PC-Miner, POW+POS mining for PC on: December 21, 2019, 03:08:48 PM
up Smiley
80  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bountry]Global Nodes Lighting Plan-Simple Bountry on: December 20, 2019, 02:18:46 AM
https://imgur.com/SvHBVTs
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