*update client [ANN] BitBar New POW-POS scrypt CryptoCoin

[noel]

too many coins.

oh is that sarcasm i detect lol

[Invest0r]

I'd like to hear what the developers have in mind for the next update.

[kokojie]

Are there any exchanges that trade it?

Most likely bter.com will support it, since it added the joke coin BQC, that only has 1/4 of BTB network's hash rate.

[treiq]

Are there any exchanges that trade it?

Most likely bter.com will support it, since it added the joke coin BQC, that only has 1/4 of BTB network's hash rate.

BQC has hower been out for a very long time.

[monokaskade]

Can't wait to see an automated bitbar exchange

[juve4v]

BTB is net superior to BQC and many others...just read what it offers

[ssshhh]

It would be very interesting to see how the BitBars are traded if/when they hit an
automated exchange.  

And especially what the initial offer will be...

Actually that would make a good bet..


What will the initial Bid/Ask be??

[rbdrbd]

Network hash rate over 600MH! (or soon to be, now that I'm adding 10MH in...was over in litecoin land)

http://www.bitbar.info/stats/index.php

[relm9]

It would be very interesting to see how the BitBars are traded if/when they hit an
automated exchange.  

And especially what the initial offer will be...

Actually that would make a good bet..


What will the initial Bid/Ask be??

I think it will open at 2 BTC+ initially. Then again maybe even higher, FTC and CHN opened at way higher rates than I expected.

[ssshhh]

It would be very interesting to see how the BitBars are traded if/when they hit an
automated exchange.  

And especially what the initial offer will be...

Actually that would make a good bet..


What will the initial Bid/Ask be??

I think it will open at 2 BTC+ initially. Then again maybe even higher, FTC and CHN opened at way higher rates than I expected.

Initially somewhere between 1-2BTB, probably not for long though.

I wonder how many crypto's are holding BitBars and not communicating for fear of ridicule.
I can understand the hesitation in voicing an opinion; there are some strong characters on Bitcointalk 

[rbdrbd]

It would be very interesting to see how the BitBars are traded if/when they hit an
automated exchange.  

And especially what the initial offer will be...

Actually that would make a good bet..


What will the initial Bid/Ask be??

I think it will open at 2 BTC+ initially. Then again maybe even higher, FTC and CHN opened at way higher rates than I expected.

Initially somewhere between 1-2BTB, probably not for long though.

I wonder how many crypto's are holding BitBars and not communicating for fear of ridicule.
I can understand the hesitation in voicing an opinion; there are some strong characters on Bitcointalk  

Probably the altcoin equivalent of saying you own a scooter while with your motorcycle club at this point.

I don't care though, I got a nice big shiny pink one with white racing stripes.  :p  It will be neat if this turns into something...if not...I lost a few days of mining...big whoop.

[RustyShackleford1950]

Can't wait to see an automated bitbar exchange

I've said it before, but I'd like to see a waiting period first. New alts need to establish themselves first. You don't want a re-run of feathercoin/chinacoin/etc dumps. Better to establish a good network hashrate, good circulation (most important), and good name before getting onto an exchange.

I want to see more people take advantage of the free giveaway thread: https://bitcointalk.org/index.php?topic=194324.220

The more people who have wallets, who have installed the client already, and even just have 0.01BTB in their account the better. That's how you get an alt adopted and accepted.

[Balthazar]

They premined 110,000 NVC.
They put that 110,000 NVC into an exchange to try to sell off..

You are trying to present things as you like. But reality was a little different. "They" put 110,000 instamine into an exchange admin wallet. Almost two days before NVC/BTC trades started. After this "they" wrote step-by-step instruction, how to destroy this coins and verify this.

So, there is a major difference - NVC emission is decentralized and fair. BTB emission is centralized by early adopters, it makes network weaker. 18M PPC or 290k NVC (and growing, ~ 1k coins per day) in thousands of hands provides significant more stable system, than 2.7k BTB in hundreds of hands. And it's serious difference, because such direct centralization is the worst possible scenario. Even worse than ASICs. If you like trusted wallets and centralization, it will be simpler to use solidcoin.

[RustyShackleford1950]

Can someone who is knowledgable provide some predictions for the future supply of bitbars?

I would like to know at what rate they are being mined, and what is the predicted supply in say:

1 week
4 weeks
3 months
6 months

Currently we have (http://bitbar.info/stats/index.php):

BitBar Network Stats:

(Last updated: 2013-05-08 00:56:53 UTC/GMT)
Difficulty: 20.0722
Total block: 6482
Total money supply: 2747.91921
Last block reward: 0.156952
Network hash rate (Gh/s): 0.599

[sal002]

Is there a simple mathematical calculation derived from info on the public block explorers that can derive the approximate rewards per block?  I heard the reward varies and to get an accurate picture for my site, I need to figure out what is the block reward for mining.

[RustyShackleford1950]

Is there a simple mathematical calculation derived from info on the public block explorers that can derive the approximate rewards per block?  I heard the reward varies and to get an accurate picture for my site, I need to figure out what is the block reward for mining.

Here is some rough data from here: http://btb.cryptocoinexplorer.com


Block   Time and date     Tx   Reward    Diff       Total BTB
5290   4/05/2013 00:02   3   0.187890   5.9640   2547.155753
5390   4/05/2013 03:11   1   0.187890   6.9990   2565.941853
5490   4/05/2013 06:59   1   0.180156   8.1550   2584.047261
5590   4/05/2013 11:09   1   0.172421   9.4680   2601.961806
5690   4/05/2013 15:03   1   0.172421   11.030   2619.203306
5790   4/05/2013 19:28   1   0.164687   12.760   2636.22002
5890   5/05/2013 04:59   1   0.164687   13.886   2652.68342
5990   5/05/2013 15:41   1   0.164687   14.908   2669.14992
6090   6/05/2013 05:22   1   0.164687   15.529   2685.61132
6190   6/05/2013 17:51   1   0.164687   16.261   2702.072118
6290   7/05/2013 02:47   1   0.156952   17.896   2717.800029
6390   7/05/2013 13:01   1   0.156952   19.287   2733.489529
6490   8/05/2013 01:43   6   0.156952   20.180   2749.174026

[sal002]

That helps a bit - but still wondering how I can derive it from the info via the API at that specific block explorer.

[balu]

Can someone who is knowledgable provide some predictions for the future supply of bitbars?

I would like to know at what rate they are being mined, and what is the predicted supply in say:

1 week
4 weeks
3 months
6 months

Currently we have (http://bitbar.info/stats/index.php):

BitBar Network Stats:

(Last updated: 2013-05-08 00:56:53 UTC/GMT)
Difficulty: 20.0722
Total block: 6482
Total money supply: 2747.91921
Last block reward: 0.156952
Network hash rate (Gh/s): 0.599

This is simply impossible. If you could predict the less volatile bitcoin market a few months in advance it would be easy to make a fortune.
But short term is possible: if hashing power stays relatively stable, there would be around 21-25 bitbars generated by the whole network on a daily basis.

[RustyShackleford1950]

That helps a bit - but still wondering how I can derive it from the info via the API at that specific block explorer.

Sorry I can't help with that, but user: Dreamwatcher may be able to, http://btb.cryptocoinexplorer.com/ is his site.

https://bitcointalk.org/index.php?action=profile;u=56884

or user John Tobey, he created the API:

https://bitcointalk.org/index.php?action=profile;u=10593

[kokojie]

Can someone who is knowledgable provide some predictions for the future supply of bitbars?

I would like to know at what rate they are being mined, and what is the predicted supply in say:

1 week
4 weeks
3 months
6 months

Currently we have (http://bitbar.info/stats/index.php):

BitBar Network Stats:

(Last updated: 2013-05-08 00:56:53 UTC/GMT)
Difficulty: 20.0722
Total block: 6482
Total money supply: 2747.91921
Last block reward: 0.156952
Network hash rate (Gh/s): 0.599

There's 144 blocks per day on average, same as Bitcoin, just multiply that by the current block reward, you'll get a good estimate of money supply produced per day/month/year.