BipCoin, CryptoNote with Fast, Solid Transactions + profitable to mine

[MWD64]

CRITICAL UPDATE FOR BipCoin SOFTWARE.

HERE'S FIX:

Updated security fix to deal with problem posted about by Monero.

Pool owners and people running nodes should update immediately.

Please swap out now. FIRST, BACKUP
.address
and
.wallet
files before update.


WINDOWS BINARY with critical update, 13.8 megs. MD5:8c2f89a8a87279fc5aae639c236912d0
https://bipcoin.org/DROPS/fix/Win004CliWithFix.rar

LINUX BINARY:
Compile from:
https://github.com/BEASTLICK-INTERNET-POLICY-COMMISSION/bipcoin



UPDATED CODE:
https://github.com/BEASTLICK-INTERNET-POLICY-COMMISSION/bipcoin

We have scanned blockchain, there is NO double spending. (security problem was NOT exploited, no new coins were made, and we're not out of consensus, despite what another post says. And that page has all the marks of a phishing scam.)





-=-=-=-=


BipCoin website: https://bipcoin.org

BipCoin transactions work great. Transactions confirm in minutes, whether it's 2 coins or 20,000 coins. (Unlike some other CryptoNotes where 20,000 coins would never confirm, and on some CryptoNotes, smaller transactions take hours or days.)


BipCoin was released August 20, 2016, the day before the big announcement about Monero adoption.We made it self-moderated due to spam & trolls (old thread here.)

-=
BipCoin is on Cryptopia exchange.

BipCoin is a CryptoNote-based coin. It's released under the BipCot NoGovernment License.
This allows use and re-use by anyone except governments and government agents. There are no government guns for violators, only shame.

LINUX BINARY:
Download Linux CLI wallet and daemon v.0004 with critical update 35.4 MB. MD5: c3018825cbcaf1b18a740f7246b77b48
https://bipcoin.org/DROPS/fix/BipCoin_Linux_CLI_fix.zip


WINDOWS BINARY: with critical update, 13.8 megs. MD5:8c2f89a8a87279fc5aae639c236912d0
https://bipcoin.org/DROPS/fix/Win004CliWithFix.rar


BipCoin Linux GUI wallet: https://bipcoin.org/?p=1568

Market cap: https://coinmarketcap.com/currencies/bipcoin/

POOLS:
http://bip.ms-pool.net.ua/
http://democats.org/pool/?name=bipcoin
http://bip.crypto-coins.club/
http://bip.cryptonotepool.com/
http://bip.mypool.name/
https://bip.poolto.be/

Block Explorers:
http://democats.org/blockchain/?name=bipcoin
http://bip.cryptonotepool.com/#blockchain_blocks

EXCHANGES:
Cryptopia:
https://www.cryptopia.co.nz/Exchange/?market=BIP_BTC
https://www.cryptopia.co.nz/Exchange/?market=BIP_LTC
https://www.cryptopia.co.nz/Exchange/?market=BIP_XMR
https://www.cryptopia.co.nz/Exchange/?market=BIP_DOGE

BipCoin’s stats:
    PoW algorithm: CryptoNight
    Money supply: 18,446,744
    Block reward: Smoothly varying
    Block time: 120 seconds
    Adaptive limits
    Smooth Emission. Difficulty retargets at every block

Symbol: BIP
Address prefix: bip
Minimum transaction fee is .001 BipCoin
Random network ID:
0xe4, 0xb5, 0xd4, 0x1f, 0xfc, 0xa9, 0x74, 0x01, 0x1d, 0x34, 0xde, 0x69, 0x55, 0x23, 0x57, 0xd1
Peer-to-peer port: 18870
Remote-procedure-call port: 18871
Aux port: 7690

BipCoin will have a maximum of 18,446,744.07370955 coins (18 million +, divisible down to 12 digits).
(Bitcoin has a maximum of 20999999.9769 BTC – Just under 21 million)

Source on Git: https://github.com/BEASTLICK-INTERNET-POLICY-COMMISSION/bipcoin

Tiny premine: 0.1 percent. That’s about 3/2500th of total supply.

Unlike many coins, we spend a lot of time on writing high-quality and easy to follow tech tutorials to simplify explaining things most coins don't bother explaining....things most coin teams take for granted that people know. (Most noobs do not know these things: how to mine, how to transact, how to add a transaction ID, dealing with network issues, etc.)

Also have higher granularity. (BipCoin is divisible to a 1/billionth of a coin.)
-=
BipCoin: Making dark coins fun again.
=--=
Russian-language version of BipCoin FAQ.
https://bipcoin.org/?p=2171
=--

Russian-language BipCoin thread:
https://bitcointalk.org/index.php?topic=1729260.msg17304164#msg17304164

=-=-=-=

UPDATE June 2, 2017;
FYI, critical updates are done on Windows and Linux CLIs (thank you slb!), but in the future, I don't really have the resources or time to update things with BipCoin. And I never had much BipCoin myself so don't really have much incentive either. I need to step away completely.

UPDATE June 10, 2017;
Found someone new to take over development. info to follow.

[rancemo]

Worms

[MWD64]

Worms

worms. Those who don't know it means, "You speak the truth, and I have not been contacted by the government."

More will be revealed.

[MurderDawg]

Read the white paper.  Pretty stoked about the .Bip feature.  Hopeful that BipCoin will succeed where Namecoin nevr could.  Worms.

[SimpeleSimpele]

BIPcoin new coin or old coin
if new coin why is ready in listing exchanger ?
but if old coin why the annoncement thread is new and create in today

[MWD64]

BIPcoin new coin or old coin
if new coin why is ready in listing exchanger ?
but if old coin why the annoncement thread is new and create in today

coin been around since Aug 16, 2016. New thread reasons explained at bottom of top post here. Did you read it?

[MWD64]

Read the white paper.  Pretty stoked about the .Bip feature.  Hopeful that BipCoin will succeed where Namecoin nevr could.  Worms.

Very cool man. Pass it on and tell two friends.
Worms.

[werdwerdus]

pm me or reply to this post for free BIPs!

[MWD64]

pm me or reply to this post for free BIPs!

^This guy werdwerdus is legit and I can vouch that this is a real offer, even if it sounds too good to be true. (It's not a lot of bips, but a great place to start. He's basically our faucet. lol.)

[sammy007]

I would suggest to work on merged mining like XDN want to do, this way you will significantly secure network even when price declines. Don't repeat BXC mistakes. When coin is not profitable to mine, no one mines it and it dies. Since I see no major exchanges listing it in near future it can be a good option. It can be like namecoin for bitcoin - bipcoin for monero, latter has the most secure network among all CN coins.

[MWD64]

I would suggest to work on merged mining like XDN want to do, this way you will significantly secure network even when price declines. Don't repeat BXC mistakes. When coin is not profitable to mine, no one mines it and it dies. Since I see no major exchanges listing it in near future it can be a good option. It can be like namecoin for bitcoin - bipcoin for monero, latter has the most secure network among all CN coins.

good call. Thanks sammy.

[fikihafana]

I will throw some hash in bip coin

[tbearhere]

Going to check this out tomorrow.

[smartmoney]

Unlike many coins, we spend a lot of time on writing high-quality and easy to follow tech tutorials to simplify explaining things most coins don't bother explaining....

Perhaps for Windoze noobs, but there are gaps in the steps for linux users on how to mine, like how to select the correct YAM file to download off mega-dl site for the CPU being used to mine with.

Q1: Why do you use the proprietary YAM miner in your tut? According to Atithasos it takes 2.5% of the proceeds. Atithasos says the lucas jones (wolf miner) can also be used, but it's a GPU miner not a CPU miner. I'll check into it. It requires compilation but that should be no problem. I do understand why you don't get into detailed instructions for linux users, most of whom probably already know how to mine, compile and use cmd line tools. A few words might be nice for those that are new to it tho.

Q2: Can old machines be used to pool mine bipcoin? I am going to try to use an old 2Ghz system with 3GB RAM running a single core AMD 64 bit CPU. It's pretty snappy with Ubuntu 14.04 but that CPU is quite old. Tho mobo in that system has an integrated GPU, so if the wolf miner will work on that system it might produce a better hash rate than a CPU miner would.

[bspus]

Q2: Can old machines be used to pool mine bipcoin? I am going to try to use an old 2Ghz system with 3GB RAM running a single core AMD 64 bit CPU. It's pretty snappy with Ubuntu 14.04 but that CPU is quite old. Tho mobo in that system has an integrated GPU, so if the wolf miner will work on that system it might produce a better hash rate than a CPU miner would.

Don't bother. To say the result will be disappointing is an understatement. Even core 2 chips are not worth it, as is the case too with anything older than sandy bridge.


Also, cryptonight GPU mining is not that much more efficient than cpu, even for dedicated cards, which is why such coins are a favorite among cpu miners. I doubt that integrated gpu will even work for mining.

[smartmoney]

Q2: Can old machines be used to pool mine bipcoin? I am going to try to use an old 2Ghz system with 3GB RAM running a single core AMD 64 bit CPU. It's pretty snappy with Ubuntu 14.04 but that CPU is quite old. Tho mobo in that system has an integrated GPU, so if the wolf miner will work on that system it might produce a better hash rate than a CPU miner would.

Don't bother. To say the result will be disappointing is an understatement. Even core 2 chips are not worth it, as is the case too with anything older than sandy bridge.

Also, cryptonight GPU mining is not that much more efficient than cpu, even for dedicated cards, which is why such coins are a favorite among cpu miners. I doubt that integrated gpu will even work for mining.

Thanks for the info. From my research Sandy Bridge came out in 2007, so that is 10 years old now. My source is wikipedia, so it could be inaccurate / wrong.

I had my doubts about mining with this old system. It might be good to put a few words on the bipcoin mining page stating mining isn't practical on systems older than X years. Sandy Bridge being 10 years old is a rather big age limit, but you'd be surprised how many people squeeze out every last drop of use from old systems.

[TheFrake]

Hi MWD and all and others,

Just started mining BipCoin this past weekend. I'm on a dual core laptop so have 1 thread going. I followed all the instructions on BipCoin site and am using the recommended BipCoin pool. I'm getting between 38 and 40 H/s. The website has me at 35 H/s. All of which is right in line with what the site said would happen. So far I've been paid 5.1 Bip and have 3.45 Bip waiting to be sent over from the coin pool. Michael, your website made it very easy to follow and get started.


I don't let my computer run when I'm not around; I'm paranoid about the possibility of it overheating, but so far it doesn't seem to be a problem.


I'm new to the whole thing and don't really understand what is happening. For example, what is a share? And, what are we doing when we are "mining" if we are not validating transactions?

I've been a long time listener to FTL and recently got into Freedom Feens on LRN.FM

Nice to meet you guys,
TF

[MWD64]

Hi MWD and all and others,

Just started mining BipCoin this past weekend. I'm on a dual core laptop so have 1 thread going. I followed all the instructions on BipCoin site and am using the recommended BipCoin pool. I'm getting between 38 and 40 H/s. The website has me at 35 H/s. All of which is right in line with what the site said would happen. So far I've been paid 5.1 Bip and have 3.45 Bip waiting to be sent over from the coin pool. Michael, your website made it very easy to follow and get started.


I don't let my computer run when I'm not around; I'm paranoid about the possibility of it overheating, but so far it doesn't seem to be a problem.


I'm new to the whole thing and don't really understand what is happening. For example, what is a share? And, what are we doing when we are "mining" if we are not validating transactions?

I've been a long time listener to FTL and recently got into Freedom Feens on LRN.FM

Nice to meet you guys,
TF

Hey!

It's a little too much for me to start from scratch here and explain mining. At the most basic level, it is using your computer to solve complex problems before other computers solve those problems. And there isn't really a layman's noob guide that I know of for that for CryptoNote (we're a CryptoNote coin, different than Bitcoin in some ways, but similar in others).

But read this one on Bitcoin, it's enough the same that it will make sense:
https://www.bitcoinmining.com/

Info on "shares":
https://www.lifewire.com/what-is-accepted-share-in-coin-mining-2483063


Then read this first page on what makes CryptoNote coins different:
https://cryptonote.org/

That's a start.

Anyone else got anything more CryptoNote specific?

Thanks!

[MWD64]

I don't let my computer run when I'm not around; I'm paranoid about the possibility of it overheating, but so far it doesn't seem to be a problem.

Put a fan on it that gets air flow above and below. The laptop will be cold to the touch.
Put old DVD cases or something on each side to prop the laptop up so air gets under.

If these pix stop showing here (as sometimes embedded pix do on this forum), search
With laptops, if you’re going to have them closed
on this page:
https://bipcoin.org/?page_id=93

Here's my pix:

[MWD64]

So far I've been paid 5.1 Bip and have 3.45 Bip waiting....

Mining is fun and I'd say keep doing it to learn but that's such a low return rate, you might want to also buy some BipCoin on Cryptopia. Two tutorials for that listed her:
https://bipcoin.org/?page_id=1483