[ANN]💎[MBIT]💎🔹💎MBIT💎🔹💎MUSIC AND BOOKS SHARING PLATFORM🔹📚🎶[BETA LAUNCH]

[bits4books]

Thanks a lot for the compliment .
We are getting more improvements to the coin and are simultaneously building our platform

sure would love to some more development and the platform
hoping for signature campaign too

I am also interested in a signature campaign .
so ping me also

yes for sure .
We will PM interested candidates

[1713564959]

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[1713564959]

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[1713564959]

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[bits4books]

Our network Difficulty and Network hash





{
"blocks" : 821,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 201.44519290,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1252439080,
"pooledtx" : 0,
"testnet" : false
}

[chuckypalumbo]

Our network Difficulty and Network hash





{
"blocks" : 821,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 201.44519290,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1252439080,
"pooledtx" : 0,
"testnet" : false
}

mining diff is to great now can't mine with my asics
will buy the coin when it gets cheaper

[pajrinn]

will you escrow your premine ?
to bring more credibility so that we know that you won't dump on us

[pajrinn]

Nice update , I like how the project is moving .
Just to secure investors interest it would be good if you escrow the premine
best regards 

Dev Update 1.0.4Z
ANN UPDATED

THE AMAZON ON THE BLOCKCHAIN FOR BOOKS & MUSIC


Sharing Knowledge For a better tomorrow

MBIT is a P2P  platform for users to host their Ebooks and Music and get rewarded for it . MBIT enables users to securely deliver the eBooks and music to customers and share there creation and get followers .






MBIT is a P2P cryto-currency which secures sharing of music and books by users on blockchain . MBIT enables artists and authors to own and control their content and be paid directly for sharing their content online on mbit platform . Users are able to buy the content from artists and authors of their choice on the distributed ledger . Artists and Authors are able to protect their content online by flagging and reporting content which is plagiarized and infringes copyright violation .

The Advantages of using Mbit platform is :-

1) Better Monetization of Content
2) Control over Publication
3) Building online community
4) Unique ID for Artists and Authors
5) Unalterable Content
6) Record stored on metadata containing ownership of content






Users are able to create their own community online like myspace and are able to share content online . MBIT gives more control over to creator on how their content and associated data circulate among fans and followers .





MBIT ENABLES USERS TO SHARES BOOKS AND MUSIC WITH EACH OTHER AND GET REWARDED FOR IT






MBIT

MBITBOOKS is using scrypt as a proof-of-work algorithm.

Code:

5 minute block targets
subsidy halves in 810K blocks (4 years)
81 million total coins
Premine percent	20% (Development + Marketing + Bounties) 
40 coins per block
10 mins to retarget difficulty

Binary version of the MBITBOOKS client software runs on intigrated MBIT blockchain .

Code:

RPC port	12208
P2P port	12207

https://github.com/mbitbooks/Mbitbooks


WALLETS


Windows : https://www.dropbox.com/s/mdhok5hkvxr2vvv/mbitbooks-qt-windows.zip?dl=0

Linux :Coming Soon

Mac : Coming Soon

Android: Coming Soon

IOS: Coming Soon







http://blockexp.com:8029/






www.findblocks.com

http://altcoinix.com/mbit/public

http://92.51.46.40/help/gettingstarted/pool/MBIT








https://www.cryptopia.co.nz/Exchange/?market=MBIT_BTC

https://www.coinexchange.io/market/MBIT/BTC

[pajrinn]

Need more updates about the coin and a white paper launch will also help in future to get more investors for the project

Dev Update 1.0.4X


What is Mbit ?

MBIT is a P2P cryto-currency which secures sharing of music and books by users on blockchain . MBIT enables artists and authors to own and control their content and be paid directly for sharing their content online on mbit platform . Users are able to buy the content from artists and authors of their choice on the distributed ledger . Artists and Authors are able to protect their content online by flagging and reporting content which is plagiarized and infringes copyright violation .

The Advantages of using Mbit platform is :-
1) Better Monetization of Content
2) Control over Publication
3) Building online community
4) Unique ID for Artists and Authors
5) Unalterable Content
6) Record stored on metadata containing ownership of content


Users are able to create their own community online like myspace and are able to share content online . MBIT gives more control over to creator on how their content and associated data circulate among fans and followers .

Looks good , Will be contributing to this development

Sure , all contributions are welcomed

[bits4books]

will you escrow your premine ?
to bring more credibility so that we know that you won't dump on us

yes we would be locking our premine in a multi-sig escrow soon with signature .
Till then we are hoping to sell some MBIT to investors to get development funds to work more on the project

Best Regards
Rubin
Mbit Dev

[pajrinn]

Yes , that would be good .
The project is nice , I will invest some bitcoin into it and look where it goes

[frankkkkkkk]

 Can you introduce your team? I have not found anything about your team.

[bits4books]

Can you introduce your team? I have not found anything about your team.

yes we will do soon right now we are focusing on the platform and signature campaign to get more attention for the coin
For now we can hint that our team is made up of geeks and nerds only who love coding and less social interaction

BestRegards ,
Rubin
MbitDev

[silversurferd]

Our network Difficulty and Network hash





{
"blocks" : 821,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 201.44519290,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1252439080,
"pooledtx" : 0,
"testnet" : false
}

Yes difficulty is huge now .
Can't mine with my rig

[frankkkkkkk]

I open the wallet and found the wallet is just folked of LTC... Can you explain it?

[bits4books]

Mining Pools

www.findblocks.com

http://altcoinix.com/mbit/public

http://92.51.46.40/help/gettingstarted/pool/MBIT

[bits4books]

I open the wallet and found the wallet is just folked of LTC... Can you explain it?

yes , the wallet and the code is fork of ltc , we would be building on top of it with the help of SigWit .
The role of mbit tokens here is to act as a currency which would help artists and authors to monetize their content .

[bits4books]

UPDATE 1.0.5.X.C

Mbit Platform Launched
Mbit would be built upon the platform with bitcoin and mbit integration
Artists and Authors would be able to monotize their content online


http://www.mbitbooks.co/

All rights over the mbit platform is reserved by the mbit dev team
We would be releasing a Roadmap soon and would have a new update for it in coming days 
 

[silversurferd]

UPDATE 1.0.5.X.C

Mbit Platform Launched
Mbit would be built upon the platform with bitcoin and mbit integration
Artists and Authors would be able to monotize their content online


http://www.mbitbooks.co/

All rights over the mbit platform is reserved by the mbit dev team
We would be releasing a Roadmap soon and would have a new update for it in coming days 
 

Platform looks very good actually .
Would be waiting for more development , this coin should be added to more exchanges

[frankkkkkkk]

I open the wallet and found the wallet is just folked of LTC... Can you explain it?

yes , the wallet and the code is fork of ltc , we would be building on top of it with the help of SigWit .
The role of mbit tokens here is to act as a currency which would help artists and authors to monetize their content .

So you mean MBIT have nothing but a wallet folk of LTC... What's the use of it

[bits4books]

I open the wallet and found the wallet is just folked of LTC... Can you explain it?

yes , the wallet and the code is fork of ltc , we would be building on top of it with the help of SigWit .
The role of mbit tokens here is to act as a currency which would help artists and authors to monetize their content .

So you mean MBIT have nothing but a wallet folk of LTC... What's the use of it

Mbit would be used for monetizing platfrom content on where authors and artisits would be able to share content online and get payed in bitcoin and mbit .

Please see our platfrom :- http://www.mbitbooks.co/

[JonHind]

looks like lots of mining pressure on the coin .
Diff is readjusting and mining blocks is getting difficult .


19:37:57

"getmininginfo"


19:37:57

{
"blocks" : 821,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 201.44519290,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1252439080,
"pooledtx" : 0,
"testnet" : false
}


20:18:59

"getmininginfo"


20:18:59

{
"blocks" : 824,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 201.44519290,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1224387537,
"pooledtx" : 1,
"testnet" : false
}

Code:

2017-03-28 12:59:02 Added time data, samples 9, offset -1 (+0 minutes)
2017-03-28 12:59:02 nTimeOffset = -1  (+0 minutes)
2017-03-28 12:59:02 receive version message: /Satoshi:1.0.0/: version 70002, blocks=821, us=[2406:e00:110:87c0:d075:9d3a:56f0:6b8d]:55584, them=[2a01:4f8:c0c:107f::2]:12207, peer=[2a01:4f8:c0c:107f::2]:12207
2017-03-28 12:59:23 accepted connection [2001:41d0:2:5bd6::]:58453
2017-03-28 12:59:23 send version message: version 70002, blocks=821, us=[2406:e00:110:87c0:5cf9:6acf:b254:6ad7]:12207, them=[2001:41d0:2:5bd6::]:58453, peer=[2001:41d0:2:5bd6::]:58453
2017-03-28 12:59:23 Added time data, samples 10, offset +18 (+0 minutes)
2017-03-28 12:59:23 receive version message: /Satoshi:1.0.0/: version 70002, blocks=821, us=[2406:e00:110:87c0:5cf9:6acf:b254:6ad7]:12207, them=[2001:41d0:2:5bd6::]:12207, peer=[2001:41d0:2:5bd6::]:58453
2017-03-28 13:01:24 accepted connection [2a01:4f8:c0c:107f::2]:44235
2017-03-28 13:01:24 send version message: version 70002, blocks=821, us=[2406:e00:110:87c0:5cf9:6acf:b254:6ad7]:12207, them=[2a01:4f8:c0c:107f::2]:44235, peer=[2a01:4f8:c0c:107f::2]:44235
2017-03-28 13:01:24 receive version message: /Satoshi:1.0.0/: version 70002, blocks=821, us=[2406:e00:110:87c0:5cf9:6acf:b254:6ad7]:12207, them=[2a01:4f8:c0c:107f::2]:12207, peer=[2a01:4f8:c0c:107f::2]:44235
2017-03-28 13:01:52 Added 1 addresses from 2001:41d0:2:5bd6::: 31 tried, 85 new
2017-03-28 13:05:31 ResendWalletTransactions()
2017-03-28 13:07:50 Flushed 116 addresses to peers.dat  24ms
2017-03-28 13:23:34 Flushed 116 addresses to peers.dat  40ms
2017-03-28 13:39:18 Flushed 116 addresses to peers.dat  22ms
2017-03-28 13:55:03 Flushed 116 addresses to peers.dat  24ms
2017-03-28 14:04:15 Added 1 addresses from 73.237.42.208: 31 tried, 86 new
2017-03-28 14:05:57 Added 1 addresses from 151.80.136.178: 31 tried, 87 new
2017-03-28 14:10:47 Flushed 118 addresses to peers.dat  22ms
2017-03-28 14:23:57 received block a506412f72dc7e80b9419161677f30eb966009dbfb4dab89e4fb1383bc59f453
2017-03-28 14:23:57   nActualTimespan = 109  before bounds
2017-03-28 14:23:57 GetNextWorkRequired RETARGET
2017-03-28 14:23:57 nTargetTimespan = 600    nActualTimespan = 150
2017-03-28 14:23:57 Before: 1c014553  0000000001455300000000000000000000000000000000000000000000000000
2017-03-28 14:23:57 After:  1b5154c0  00000000005154c0000000000000000000000000000000000000000000000000
2017-03-28 14:23:58 Committing 8 changed transactions to coin database...
2017-03-28 14:23:58 SetBestChain: new best=a506412f72dc7e80b9419161677f30eb966009dbfb4dab89e4fb1383bc59f453  height=822  log2_work=49.056466  tx=1224  date=2017-03-28 14:23:33 progress=1.000000
2017-03-28 14:23:58 ProcessBlock: ACCEPTED
2017-03-28 14:26:32 Flushed 118 addresses to peers.dat  15ms
2017-03-28 14:30:29 ResendWalletTransactions()
2017-03-28 14:41:15 received block 7f064ca1cf157e2b4b3c572be417bb925b4c04747d0003d882b41b07d24602b0
2017-03-28 14:41:15 Committing 1 changed transactions to coin database...
2017-03-28 14:41:15 SetBestChain: new best=7f064ca1cf157e2b4b3c572be417bb925b4c04747d0003d882b41b07d24602b0  height=823  log2_work=49.06497  tx=1225  date=2017-03-28 14:40:25 progress=1.000000
2017-03-28 14:41:15 ProcessBlock: ACCEPTED
2017-03-28 14:41:46 received block 3d9e6202b919910443658b36a8194944a404a6277408d7b55a104135f1101a6a
2017-03-28 14:41:46   nActualTimespan = 9817  before bounds
2017-03-28 14:41:46 GetNextWorkRequired RETARGET
2017-03-28 14:41:46 nTargetTimespan = 600    nActualTimespan = 2400
2017-03-28 14:41:46 Before: 1b5154c0  00000000005154c0000000000000000000000000000000000000000000000000
2017-03-28 14:41:46 After:  1c014553  0000000001455300000000000000000000000000000000000000000000000000
2017-03-28 14:41:46 Committing 1 changed transactions to coin database...
2017-03-28 14:41:46 SetBestChain: new best=3d9e6202b919910443658b36a8194944a404a6277408d7b55a104135f1101a6a  height=824  log2_work=49.067088  tx=1226  date=2017-03-28 14:41:13 progress=1.000000
2017-03-28 14:41:46 ProcessBlock: ACCEPTED
2017-03-28 14:42:16 Flushed 118 addresses to peers.dat  22ms
2017-03-28 14:45:28 AcceptToMemoryPool: 5.230.142.175:12207 /Satoshi:1.0.0/ : accepted e3f9339f4d8b6ff864b892b5aee3072eba7ec080653c71e7c0feb608e92184dc (poolsz 1)

[bits4books]

Looks like difficulty is 2x , which is causing the retarget and making mining blocks difficult

Code:

2017-03-23 05:58:53 StopNode()
2017-03-23 05:58:53 UPNP_DeletePortMapping() returned : 0
2017-03-23 05:58:53 upnp thread interrupt
2017-03-23 05:58:53 Flushed 12 addresses to peers.dat  25ms
2017-03-23 05:58:53 Committing 0 changed transactions to coin database...
2017-03-23 05:58:53 Flush(true)
2017-03-23 05:58:53 wallet.dat refcount=0
2017-03-23 05:58:53 wallet.dat checkpoint
2017-03-23 05:58:53 wallet.dat detach
2017-03-23 05:58:53 wallet.dat closed
2017-03-23 05:58:53 DBFlush(true) ended              42ms

{
"blocks" : 825,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 201.44519290,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1233750337,
"pooledtx" : 2,
"testnet" : false
}

just a little network lag !!?? my deposit just came in..  almost a hour for a transaction.. ill update my wallet.conf

The reason for network lag is retargeting of difficulty with change in network hash

Code:

{
"blocks" : 705,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 146.10004180,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 14188654731,
"pooledtx" : 0,
"testnet" : false
}



Code:

{
"blocks" : 710,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 66.71502195,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 4151508862,
"pooledtx" : 1,
"testnet" : false
}