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Author Topic: New [ANN] [$XSEED] BitSeeds - Rainforest Foundation Charity - SHA256 PoW/PoS 10%  (Read 17649 times)
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September 28, 2015, 11:05:33 AM
 #1



A Currency That Grows!


Introducing BitSeeds - Course:






Mining Pools:

https://maxminers.net/xseed

http://pool.cryptoally.net/xseed/

Full production of 10 XSEED per block began May 11th and will follow the published gradual reduction schedule.

If you run a pool and add BitSeeds, let me know and I'll add your info here!



Downloads:





BitSeeds Explorers

Official, Iquidus explorer with rich list:
http://45.55.193.231:3001/

Secondary:
http://electrum2.cryptolife.net/bitseeds-new/
(this is a basic explorer)

Second Iquidus explorer provided by Cryptoally:
http://xseed.explorer.cryptoally.net/



Blockchain Parameters

Proof of Work was restored May 1st, 2016 - the specs are:
* Algo: SHA-256D
* For the relaunch we had zero block rewards until Block 2017, then an initial ~1 week of initial reduced reward at 0.025 XSEED per block until Block 4034 when we fully reinstated the originally planned reward of 10 XSEED per block.
From here, block rewards will reduce very slowly and steadily at a rate of 0.025 XSEED reduction every 90 days for 400 reductions, for just under 99 years
* TX Comments
* 2MB block size

Proof of Stake
* Interest Per Year: 10%
* Minimum Stake Age: 24 hours

Network
* Coin Maturity: 120 Blocks
* Average Block Time: 5 minutes



What Is BitSeeds?
BitSeeds is a hybrid proof of work/proof of stake cryptocurrency network with the goal of raising money to assist the Rainforest Foundation (http://rainforestfoundation.org/bitseeds) in its mission of reforesting the planet. The custodial wallet owned by the Rainforest Foundation exists for the sole purpose of staking new BitSeeds each year to contribute to the Rainforest Foundation's mission and the success of the project.

The rate of deforestation is so enormous that in order to restore balance a disruption in traditional fund raising was needed. BitSeeds provides a cryptographic ledger with unique features specifically designed for not-for-profit organizations and driving merchant adoption. Ecosystem development is an ongoing process spearheaded by the BitSeeds Foundation.

Why Is the BitSeeds Project Necessary?
BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accommodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of cryptocurrency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.

"The simple act of holding BitSeeds makes the world a better place because you are investing in the mission of the Rainforest Foundation to reforest the planet."

What Is The BitSeeds Foundation?
The BitSeeds Foundation is a not-for-profit entity registered in the state of Nevada. More information may be found at the BitSeeds website (http://BitSeeds.org).

Why Is BitSeeds Important?
Cryptocurrencies are a means to give people hope, and that is the primary use case of BitSeeds. Beyond the stated mission, the BitSeeds Foundation is committed to furthering the partnership of cryptocurrencies and charity and offers its network and support services to any charity that wishes to implement a safe and healthy digital currency into their fundraising efforts.

Why Not Use Another Currency?
While BitSeeds could not exist without blockchain technology, other networks may not suitable for most charity organizations. BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accommodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of cryptocurrency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.

What Makes BitSeeds Different?
While boasting a number of technological advances which make it superior to other currencies, BitSeeds has a real mission to guide its development and growth. The core mission of reforesting the planet always takes precedence over other concerns. Without distractions, the work of the Rainforest Foundation and the BitSeeds Foundation can continue with minimal outside risk.
Why Would Merchants Use BitSeeds?

Merchant adoption is driven through a custom remittance system being developed by Coin.co (http://coin.co). 1.25% of every transaction processed will be sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.

Every transaction completed through this process is a charitable tax deduction for the accepting merchant and a great incentive for adoption that goes beyond the usual savings of cryptocurrencies compared to credit cards.

How Do You Plan To Plant 1,000,000,000 Trees?
That's the best part about BitSeeds: all of the necessary experience, expertise, ingenuity, and infrastructure are already there! It's all built and ready. All the Rainforest Foundation needs is funding from the public to expand 30+ year old reforestation operations to levels never seen before. BitSeeds will provide jobs, infrastructure, and raise the standards of living for the poorest in the world. This project is already in motion. BitSeeds makes more of it happen, faster.

To make this initiative possible, each year BitSeeds will yield 10% interest to each person who holds the currency. At the launch of the currency, 100 million BitSeeds were set aside in a special wallet owned by the Rainforest Foundation that will generate interest through staking. The yearly interest income the Rainforest Foundation receives will enable them to help local communities conserve and restore forests on a scale never before possible.

With a traditional donation to a charity, a person gets something symbolic but not very useful like a tote bag or a mug as a thanks for their donation; starting soon when someone donates to the Rainforest Foundation they will receive a gift card loaded with BitSeeds, allowing them to turn around and spend some or all of the money they just donated, while still knowing they're helping the Rainforest Foundation's mission and enjoying the benefits of a tax deduction!


From the Rainforest Foundation, founding member of the BitSeeds Foundation:
“Immediately slowing or stopping the alarming rate of rainforest destruction is vital to society’s health and well-being. So we asked ourselves: how can we leverage more resources to support what we know are effective solutions? The scale of funding needed to halt or reverse rainforest destruction is so large that we can't just do what we've always done to raise funds. We need innovation. We need disruption.”
-Suzanne Pelletier, Executive Director of Rainforest Foundation US and founding member of the BitSeeds Foundation

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September 28, 2015, 11:06:01 AM
 #2


I teach computers for a living and I've recorded an in-depth course covering basics of using cryptocurrency for non-technical students. I'll post the links below to each new video as I release them:

1. How to Download the Bitseeds Wallet
https://youtu.be/JltNf-NDf1o

2. How to Install the Wallet on a Windows PC
https://youtu.be/XanpyQ53BkM

3a. How to Install the Wallet on a Mac
https://youtu.be/fJGloNfO8rA

3b. Running the Bitseeds Wallet the First Time on a Mac
https://youtu.be/ijjJmJqUdQc

4. How to Get Bitseeds on Bittrex Exchange
 https://www.youtube.com/watch?v=2P6DqYXy58I

5. Overview of the Rainforest Foundation's Bitseed Wallet
https://www.youtube.com/watch?v=b-6He-bw6OY

6. The Receive Tab: How to Use the Wallet App to Get Cryptocurrency
https://www.youtube.com/watch?v=TNyt6jpS3gs

7. How to Use Your Wallet to Send the Charity Cryptocurrency
https://www.youtube.com/watch?v=fdEMV9dEZzw

8. Using The Wallet's Transactions Tab When Sending and Receiving
https://www.youtube.com/watch?v=Pw4RHBUDQzM

9. How to Use the Address Book to Make Cryptocurrency Easier
https://www.youtube.com/watch?v=DBAYHKwQYY8

10. How to Encrypt & Protect the Cryptocurrency in Your Wallet (old version, see #14 for updated steps)
https://www.youtube.com/watch?v=aBK60Zaq-dM

11. How to Back Up Your Wallet
https://www.youtube.com/watch?v=5JNBD5RN-pM

12. Privacy and Convenience Benefits of Using Multiple Payment Addresses
https://www.youtube.com/watch?v=CyCbEeYDk1g

New:

13. How to Stake your Coins
https://www.youtube.com/watch?v=I3PbtqUcuvQ

14. How to Encrypt Your Wallet and Unlock it for Staking
https://www.youtube.com/watch?v=y6bLlb5Sqj4




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September 28, 2015, 11:06:30 AM
 #3

reserving for a frequently asked questions area

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September 28, 2015, 11:07:01 AM
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Wait, is this a new coin or takeover?
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September 28, 2015, 11:31:00 AM
 #5

Wait, is this a new coin or takeover?

It's actually neither.  The original dev parted ways some time ago, I was mining it and interested in the project from the first day but then ended up getting involved directly in the project after the dev left.

It's pretty much all there to see in the old thread but since the thread was posted by an account controlled by the old dev, we can't update the OP. 

Figured it was time for a new thread.

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September 28, 2015, 01:50:52 PM
 #6

Giveaway day 7: today's video tutorial from the crypto course covers sending BitSeeds, step-by-step for non-technical computer users...

https://www.youtube.com/watch?v=fdEMV9dEZzw

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September 28, 2015, 02:00:58 PM
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What block is it on now? mine seems stuck at 8769?
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September 28, 2015, 09:31:46 PM
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What block is it on now? mine seems stuck at 8769?

I am also stuck at 8769, an ideas as to how we can get it moving?

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September 28, 2015, 11:04:00 PM
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What block is it on now? mine seems stuck at 8769?

I am also stuck at 8769, an ideas as to how we can get it moving?

Yeah, guys it's stuck for me at the same spot right after I opened the new thread. It was like I jinxed it by posting or something. The network has been moving pretty smoothly for months now, but has had occasional pauses like this where the wallets that are staking don't have mature enough coins to keep the network moving.

I'm currently rotating between wallets to find the one with the most mature coins so we get past this little logjam, but anyone who has a wallet with mature coins should open it and stake to help get us past the stuck point. Only 30 more blocks after that to the point where we'll have mining to keep things working.


UPDATE:  I loaded a different wallet and it just staked block 8770, so just 30 more to go.  It's 1:23pm here as I type this and I'll be working here all day with my eye on things to keep it moving smoothly.

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September 29, 2015, 01:02:33 AM
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What block is it on now? mine seems stuck at 8769?

I am also stuck at 8769, an ideas as to how we can get it moving?

Yeah, guys it's stuck for me at the same spot right after I opened the new thread. It was like I jinxed it by posting or something. The network has been moving pretty smoothly for months now, but has had occasional pauses like this where the wallets that are staking don't have mature enough coins to keep the network moving.

I'm currently rotating between wallets to find the one with the most mature coins so we get past this little logjam, but anyone who has a wallet with mature coins should open it and stake to help get us past the stuck point. Only 30 more blocks after that to the point where we'll have mining to keep things working.


UPDATE:  I loaded a different wallet and it just staked block 8770, so just 30 more to go.  It's 1:23pm here as I type this and I'll be working here all day with my eye on things to keep it moving smoothly.

Yeah I noticed the move on the chain. My miner is standing by as we speak, can't wait to see some more movement on this. I haven't seen any of the giveaway coins to my wallet but Ill make up for it by mining.

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September 29, 2015, 02:55:17 AM
 #11

What block is it on now? mine seems stuck at 8769?

I am also stuck at 8769, an ideas as to how we can get it moving?

UPDATE:  I loaded a different wallet and it just staked block 8770, so just 30 more to go.  It's 1:23pm here as I type this and I'll be working here all day with my eye on things to keep it moving smoothly.

Yeah I noticed the move on the chain. My miner is standing by as we speak, can't wait to see some more movement on this. I haven't seen any of the giveaway coins to my wallet but Ill make up for it by mining.

I just got caught up with sending out BitSeeds to the commenters who left their addresses in the last 15 hours, and I already sent all the ones before that, so if you were one of the people who posted their address at any point then you should just need to wait for confirmations.


Note to everyone participating in the giveaway:  please leave a comment, not just a payment address! YouTube is misinterpreting comments that only have a BitSeeds address as spam, which isn't surprising. 


Please also like the videos - this is not required for the giveaway, but the whole point of this is to help spread the word about BitSeeds and the mission of the Rainforest Foundation and viewing videos without liking them (or just leaving a payment address they view as spam without even watching) works against this. 

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September 29, 2015, 04:08:28 AM
 #12

20 blocks left...

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September 29, 2015, 08:28:40 AM
 #13

We're now on block 8802, so the network should start accepting proof of work blocks now. Ready for the pools to come online.

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September 29, 2015, 08:34:23 AM
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well it doesnt work.. sure its sha256? Smiley
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September 29, 2015, 09:22:05 AM
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well it doesnt work.. sure its sha256? Smiley

I know it's the middle of the night for at least one pool owner, but I've PMed all three to let them know they should be able to activate the pools.

Are you trying to solo mine?

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September 29, 2015, 09:31:38 AM
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well it doesnt work.. sure its sha256? Smiley

I know it's the middle of the night for at least one pool owner, but I've PMed all three to let them know they should be able to activate the pools.

Are you trying to solo mine?

Yes im trying solo.. it finds blocks but gets rejected.. like its trying scrypt or something.
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September 29, 2015, 10:06:05 AM
 #17

well it doesnt work.. sure its sha256? Smiley

I know it's the middle of the night for at least one pool owner, but I've PMed all three to let them know they should be able to activate the pools.

Are you trying to solo mine?

Yes im trying solo.. it finds blocks but gets rejected.. like its trying scrypt or something.

OK. iSpace is getting a "Block decode failed" error. Is that what you're seeing? Copying and pasting the entire error would help so I can pass the exact info along to everyone.


Update:
I've been doing a little research on the error including here on Bitcointalk and a few alts have had a one or two people report the problem, but in all the cases I found everyone else seemed to be mining without problems.

It's past 2am here so I'm going to wait and see how it goes with the other two pools and hear back from a couple of people and will post an update then.

We're also continuing with the next video in the series, so I'll also be posting the link here in about 10-12 hours.  

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September 29, 2015, 12:22:32 PM
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who is mining without a problem? those people cant have much of a mining power when the diff is 0 and noone is finding blocks.
I im mining solo and has always been working on other coins, so there is something wrong here.
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September 29, 2015, 12:52:56 PM
 #19

who is mining without a problem? those people cant have much of a mining power when the diff is 0 and noone is finding blocks.
I im mining solo and has always been working on other coins, so there is something wrong here.

I didn't say that other people were mining BitSeeds successfully, I said that the only people I could find reporting the error message "Block decode failed" were isolated individuals and everyone else attempting to mine were not having a problem.

Please copy and paste the exact text you're getting like I asked in a reply here or PM me - use Pastebin if the relevant info is anything really long.  There's no way to solve your problem if you don't give specific details and if I can see the actual error messages or logs then it gives us something to go on.

It's almost 3am here so I will check back for your response in several hours and we'll also see what happens with the two MPOS pools, etc.

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September 29, 2015, 01:16:15 PM
 #20

[2015-09-29 15:15:06] Generated getwork work
[2015-09-29 15:15:06] Pushing work 0 from pool 0 to hash queue
[2015-09-29 15:15:06] ICA 3 sent: 03ea2cd6a524155578abb582bbfd963e20e0f0bffbe01
e6feb290e00a1abb600000000000000000000000000000000000000000a592011dab8e0a566f1fb
30
[2015-09-29 15:15:06]  Proof: 00000000a5fcb5a0297ef94e674c2c1200e0d15cee378ecb0
83426822f74200
arget: 0000000192a50000000000000000000000000000000000000000000000000000
rgVal? YES (hash <= target)
[2015-09-29 15:15:06] Pushing submit work to work thread
[2015-09-29 15:15:06] ICA 3 nonce = 0xb4d6a0ca = 0xb4d6a0cb hashes (1.962822s)
[2015-09-29 15:15:06] [thread 3: 5182656853 hashes, 2385193.6 khash/sec]
[2015-09-29 15:15:06] ICA 3: Popping work from get queue to get work
[2015-09-29 15:15:06] ICA 3: Got work 0 from get queue to get work for thread 3

[2015-09-29 15:15:06] Found block for pool 0!
[2015-09-29 15:15:06] Selecting pool 0 for work
[2015-09-29 15:15:06] DBG: sending http://192.168.0.102:23032 get RPC call: {"m
thod": "getwork", "params": [], "id":0}

[2015-09-29 15:15:06] DBG: sending http://192.168.0.102:23032 submit RPC call:
"method": "getwork", "params": [ "000000013a539da20b3fc3293f857c5c64407c4f2ea97
ffef9c09aefca0eb9edb0db16686bf7e5601b17532bb213587b1a3270ccbab471363c3ca80278a0
2a1a56f81a560a8eab1d0192a5caa0d6b4000000800000000000000000000000000000000000000
00000000000000000000000000000000000000000080020000" ], "id":1}
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