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Author Topic: [ANN] BitEther Coin (BEC) - a cross-mining coin on Ethereum Classic (ETC)  (Read 1758 times)
splix
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February 23, 2017, 05:16:53 PM
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BitEther is a token built on top of existing smart contract technology of Ethereum Classic. It rewards ETC miner with an additional token (BEC) - miner receives two rewards, by doing same amount of job. Ethereum Classic is a PoW chain, original chain left after Ethereum Foundation made their fork.

BitEther follows Bitcoin monetary supply, with 21M coins total, halving each 3 years and 50% distribution by year 2019. 99% will be distributed by year 2034, as about same time as for Bitcoin. Reward is 2 BEC coins per ETC block, which is comparable to 50 BTC per 10 minutes.


|Era #||% of mined||Emission Rate||Bec Per ETC Block||Year|
Era 150%50 BEC2 BEC2019
Era 275%25 BEC1 BEC2021
Era 388%12.5 BEC0.5 BEC2024
Era 494%6.25 BEC0.25 BEC2026

This an experimental coin designed to demonstrate abilities of Ethereum Classic blockchain and to incentivize Dapp developers to add additional value to chain and to improve network security.  

BEC follows ERC20 specification for custom tokens on Ethereum Classic, which makes it compatible with most of existing wallets and software on Ethereum Classic blockchain. Also a standard token for Ethereum Classic wallet.

Main features that it’s a first coin of that class in Ethereum Classic, it have familiar economic capabilities, and can be a base layer for future development in that field.

Links:
Sources https://github.com/splix/bec/
Detailed announce https://medium.com/@splix/bitether-coin-on-ethereum-classic-b17c7034dcb6
Twitter https://twitter.com/bitether
Explorer https://gastracker.io/token/0x085fb4f24031eaedbc2b611aa528f22343eb52db

Wallets:
Ethcore Parity (add token 0x085fb4f24031eaedbc2b611aa528f22343eb52db)
MyEtherWallet (out of box)

Mining tools:
https://github.com/splix/bec/tree/master/miner - Patch for Parity to enable mining for solo minig
https://github.com/etherninja/BEC-Tools - Payout tools

Pools:
(by mining on following pools, you receive both ETC and BEC at same time)
https://www.epool.io (automatic payouts for BEC + ETC)
http://bec.minerhub.io (manual BEC payouts)
http://etc.gpuminer.ru (manual BEC payouts)

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doktor1897
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February 23, 2017, 05:23:41 PM
 #2

what if we use from MyEtherWallet?

splix
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February 23, 2017, 05:26:09 PM
 #3

It's already supported by MyEtherWallet, it will show balance in BEC, and allow to transfer, if your account has any BEC

what if we use from MyEtherWallet?
farsky
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February 23, 2017, 06:15:35 PM
 #4

I do not understand this new coin? but mining is already underway, and received more than 3 million blocks.
Explain, please
or please write to the PM in Russian (от англ уже голова пухнет)
splix
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February 23, 2017, 06:20:36 PM
 #5

ETC has 3M+ blocks, but BEC token mining started just recently. About 1M of total 21M are already mined (we're in initial era, when first 50% of tokens going to be distributed)

BitEther is independent token on Ethereum Classic blockchain, so it has different timeframe and supply. Just cross-mined with same blocks


I do not understand this new coin? but mining is already underway, and received more than 3 million blocks.
Explain, please
Selsonblue
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February 23, 2017, 06:24:41 PM
 #6

ETC has 3M+ blocks, but BEC token mining started just recently. About 1M of total 21M are already mined (we're in initial era, when first 50% of tokens going be distributed)

BitEther is independent token on Ethereum Classic blockchain, so it has different timeframe and supply. Just cross-mined with same blocks


I do not understand this new coin? but mining is already underway, and received more than 3 million blocks.
Explain, please

So you were mining ETC and as it started dumping you wanted to create a coin to parallel mine and dump on others to make ETC mining more profitable?

Am i understanding this right?

You say you want to experiment with ETC to demonstrate the DAPP and sidechain abilities.... WHY are you making a new coin with no REAL purpose. Just create a Dapp dude. Fkn google DAPP and there are tons of great ideas you can shoot for.

Not mining, not investing. Really low quality projects coming out this week.

Congrats on your ninja launch / 1m coins mined also.
Fobos2017
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February 23, 2017, 10:07:49 PM
 #7

Why you launch with 1m coins instamine ,delete this topic and mine rest by yourself in your basement.
Scam !
Mgrover
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February 24, 2017, 05:02:11 AM
 #8

what happen if payout address is jaxx wallet. where will my BEC stored
Loepuenkyou
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February 24, 2017, 05:11:44 AM
 #9

Iam not understand, you coin in develop use ethereum classic token but youre coin can mining
how much total premine
and any bounty Bither coin, signature campaign or social media campaign

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scaryvirus
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February 24, 2017, 05:48:19 AM
 #10



You say you want to experiment with ETC to demonstrate the DAPP and sidechain abilities.... WHY are you making a new coin with no REAL purpose. Just create a Dapp dude. Fkn google DAPP and there are tons of great ideas you can shoot for.


Hope you don't mean ethereum examples because there are exactly zero good ideas on ethereum chain right now. And they are not dapps on ethereum, since ethereum is centralized fraud (https://www.reddit.com/r/ethereumfraud/), they are just apps there, slow expensive apps for no reason.
splix
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February 24, 2017, 06:19:55 AM
 #11

afaik Jaxx doesn't support ERC20 tokens yet, so I don't recommend to use Jaxx for BEC at this point (jaxx works for ETC though)

what happen if payout address is jaxx wallet. where will my BEC stored
immortality
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February 24, 2017, 09:59:03 AM
 #12

and any bounty Bither coin, signature campaign or social media campaign

This is not ICO Wink just mine ETC and get your BEC for free
CooperXJo
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February 26, 2017, 06:29:53 PM
 #13

Tell me, at what exchange I will be able to sell in future planned coins that I get.
I found the exchange on which the coin is present, however, there is not generated the wallet.
immortality
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March 08, 2017, 05:02:04 PM
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I found the exchange on which the coin is present, however, there is not generated the wallet.

which one ?
navydude
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April 04, 2017, 04:18:07 PM
 #15

Is there an exchange yet?

BTC:1LQUhMzmFdH3rMoT6UmkyTewUThs3AupR9          ETH:0x1a69ae2cf6c678693811f435b3b3b65e5f614
ZEC:t1cD15YDU145TQWozgaLEU1KtcqZxi6Kiue             ETC:0x59a44bb8378654648b60bd305d168fd8eab91eaf
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