[XBC] BitcoinPlus Official Thread

[BitcoinPlusBus]

2018-02-07 07:11 UTC

Difficulty
POW: 0.01442156
POS: 0.00024414
Coin Supply (XBC)
105872.40367963
510818 blocks
29 connections


Last Price
0.00744477
24hr Change
+12.72%
24hr High
0.00750330
24hr Low
0.00650000
24hr Volume:
5.37360520 BTC / 756.50631570 XBC

[Mysticus]

According to Coinmarketcap, Bitcoinplus is now listed on a new exchange, 'Trade By Trade'.  If this is real, have they been approached by the XBC team in this regard?

[BitcoinPlusBus]

According to Coinmarketcap, Bitcoinplus is now listed on a new exchange, 'Trade By Trade'.  If this is real, have they been approached by the XBC team in this regard?

Never heard of it and we haven't approached them afaik.

[BitcoinPlusBus]

2018-02-08 08:34 UTC

Difficulty
POW: 0.01442156
POS: 0.00024414
Coin Supply (XBC)
105901.22888157
511555 blocks
26 connections

Last Price
0.00756164
24hr Change
+2.88%
24hr High
0.00770000
24hr Low
0.00735000
24hr Volume:
1.67800274 BTC / 221.97730471 XBC

[BitcoinPlusBus]

There are some concerns with older clients not being able to send tx's due to it working on 0.07 older codebase version.If it was 0.08 it would probably be fine but we may have to have a mandatory update if testing proves this to be the case where all users would have to use the newer version even if they just want to use older version for tx'x but if this is the case all the features we have right now will eventually be worked into the newer clients anyway when we get around to it.Right now the main concern is getting us up to the point of signalling for segwit and we are at 0.13 now but there are a range of issues with the messaging feature now so we may go with a plain vanilla client in order to get segwit done and then add the extras after including native Tor and optional messaging.We will only know this for certain after things are running on testnet for a while to make sure staking and tx's are not adversely affected after release into the wild.This is our priority and the optional extras are secondary to those.

Adding to the previous comment, it looks like it will be a mandatory update.Older versions will no longer be able to send tx's when the current development goes live.

[BitcoinPlusBus]

2018-02-09 06:40 UTC

Difficulty
POW: 0.01442156
POS: 0.00024414
Coin Supply (XBC)
105932.05737111
512256 blocks
21 connections

Last Price
0.00752218
24hr Change
-0.32%
24hr High
0.00767271
24hr Low
0.00742894
24hr Volume:
1.11061426 BTC / 146.59839673 XBC

[egghead123]

Adding to the previous comment, it looks like it will be a mandatory update.Older versions will no longer be able to send tx's when the current development goes live.

Adding to this a whole lot of effort and time has been taken trying to get the native Tor part working in the upgraded client.If there was a way for it to work it would be done by so we have no choice but to set it aside and move on.Peter is away for 2 weeks but is going to mull over some other options put to him but if a solution can't be found we all have agreed to get the final stage complete without further delays so we can signal for the segwit.

[egghead123]

Re:Mining pool

Prohashing is a pay per share (PPS) mining pool that mines cryptocurrencies using the scrypt and x11 algorithms. You rent your hashrate to them by connecting to the pool, and they pay you for your shares in any coin you choose.

https://prohashing.com/explorer/BitcoinPlus/

[BitcoinPlusBus]

2018-02-10 12:36 UTC

Difficulty
POW: 0.01442156
POS: 0.00024414
Coin Supply (XBC)
105964.841476
513223 blocks
27 connections

Last Price
0.00783712
24hr Change
+3.42%
24hr High
0.00783712
24hr Low
0.00757371
24hr Volume:
1.25030762 BTC / 161.60278820 XBC

[cshelswell]

Ok and I think I'm about to ask a really stupid question, considering how long I've been in Crypto. Though most of my crypto has been POW not POS.

I was under the impression with POS I needed to keep my wallet open and computer running 24/7 to stake, however if I'm away for a length of time, I turn my computer off. When I get back home XBC still stakes and gives me a much better single reward.

So my question is, is it just the maturity of the coins that make them stake or should I leave my computer on? (If so I'll pull the old Raspberry Pi out ).

Second question, if the primary is true and computer doesn't need to be on, am I being detrimental to the network by turning it off at night?

I'm sure this is all in the white paper but it's about dinner time here and I'm sure those more knowledgeable than me will be able to answer the questions with me researching for some time.

Thanks and thanks for your continued work with XBC!

[BitcoinPlusBus]

2018-02-11 14:00 UTC

Difficulty
POW: 0.01442156
POS: 0.00026662
Coin Supply (XBC)
105995.22448601
513984 blocks
25 connections

Last Price
0.00776179
24hr Change
+0.57%
24hr High
0.00786364
24hr Low
0.00750807
24hr Volume:
1.91265304 BTC / 248.06420384 XBC

[BitcoinPlusBus]

Ok and I think I'm about to ask a really stupid question, considering how long I've been in Crypto. Though most of my crypto has been POW not POS.

I was under the impression with POS I needed to keep my wallet open and computer running 24/7 to stake, however if I'm away for a length of time, I turn my computer off. When I get back home XBC still stakes and gives me a much better single reward.

So my question is, is it just the maturity of the coins that make them stake or should I leave my computer on? (If so I'll pull the old Raspberry Pi out ).

You don't need to have the wallet open 24/7.Once the coins are not reserved for spending they are then available for work and can earn staking rewards once work is found on the network.Coin maturity and network weight determine how often they get work.

Second question, if the primary is true and computer doesn't need to be on, am I being detrimental to the network by turning it off at night?

I'm sure this is all in the white paper but it's about dinner time here and I'm sure those more knowledgeable than me will be able to answer the questions with me researching for some time.

Thanks and thanks for your continued work with XBC!

It does help a PoS network to remain even more decentralized having wallets set up to act as nodes allowing more active connections although we now have decentralized seed nodes helping with this with more hopefully coming online this year.On the PoW it is the miners who decentralize the network whereas on PoS everybody staking does this.Same thing but different protocol etc.

[BitcoinPlusBus]

2018-02-12 06:35 UTC

Difficulty
POW: 0.01442156
POS: 0.00024852
Coin Supply (XBC)
106017.27927795
514509 blocks
35 connections

Last Price
0.00784091
24hr Change
+0.98%
24hr High
0.00790466
24hr Low
0.00770001
24hr Volume:
1.33967271 BTC / 171.45177198 XBC

[ymalikov]

You don't need to have the wallet open 24/7.Once the coins are not reserved for spending they are then available for work and can earn staking rewards once work is found on the network.Coin maturity and network weight determine how often they get work.

Second question, if the primary is true and computer doesn't need to be on, am I being detrimental to the network by turning it off at night?

I'm sure this is all in the white paper but it's about dinner time here and I'm sure those more knowledgeable than me will be able to answer the questions with me researching for some time.

Thanks and thanks for your continued work with XBC!

It does help a PoS network to remain even more decentralized having wallets set up to act as nodes allowing more active connections although we now have decentralized seed nodes helping with this with more hopefully coming online this year.On the PoW it is the miners who decentralize the network whereas on PoS everybody staking does this.Same thing but different protocol etc.



[/quote]

in PoW the miners do not make the network decentralized. The full nodes do. Currently, some 11,000 nodes. If you had 1 miner it would still be just as decentralized.

In PoS you need to run a full node in order to mine. In PoW you can use anyone's full node.

In conclusion PoW mining will always be more centralized because you do not need to run full nodes to mine.

[cshelswell]

Thanks for the answers on having your wallet open guys that helps a lot.

Woud it benefit the network were I to start a seed node?

Thanks

[BitcoinPlusBus]

Thanks for the answers on having your wallet open guys that helps a lot.

Woud it benefit the network were I to start a seed node?

Thanks

Not a problem 

We run the seed nodes ourselves due to the set up required and the need to monitor them for performance or failure due to their critical nature but you could set yourself up as a full node using your current client or wait until the new one comes online.I will ask mammix2 and see what he says.

Thanks

[BitcoinPlusBus]

2018-02-13 06:45 UTC


POW: 0.01442156
POS: 0.00024414
Coin Supply (XBC)
106048.60036989
515270 blocks
32 connections


Last Price
0.00747000
24hr Change
-5.33%
24hr High
0.00790466
24hr Low
0.00743600
24hr Volume:
1.26133226 BTC / 163.84418453 XBC

[cshelswell]

Thanks for the answers on having your wallet open guys that helps a lot.

Woud it benefit the network were I to start a seed node?

Thanks

Not a problem 

We run the seed nodes ourselves due to the set up required and the need to monitor them for performance or failure due to their critical nature but you could set yourself up as a full node using your current client or wait until the new one comes online.I will ask mammix2 and see what he says.

Thanks

Great thanks - whatever I can do to help

[BitcoinPlusBus]

2018-02-14 11:42 UTC

Last Price
0.00779940
24hr Change
+2.62%
24hr High
0.00790000
24hr Low
0.00741782
24hr Volume:
1.70638464 BTC / 223.10744409 XBC

Difficulty
POW: 0.01442156
POS: 0.0002874
Coin Supply (XBC)
106081.02118713
516212 blocks
35 connections

[BitcoinPlusBus]

in PoW the miners do not make the network decentralized. The full nodes do. Currently, some 11,000 nodes. If you had 1 miner it would still be just as decentralized.

In PoS you need to run a full node in order to mine. In PoW you can use anyone's full node.

In conclusion PoW mining will always be more centralized because you do not need to run full nodes to mine.

Excellent points made here.Good contribution.