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Author Topic: [ANN] BitcoinFast revival -  (Read 9182 times)
Spidersbox
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September 16, 2017, 04:09:33 AM
 #101

I see a potential, BCF after updates a new design at the site and road map!!!
that sounds like a start to a road map  Cheesy

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MaseratiGhibli
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September 17, 2017, 06:42:33 PM
 #102

My BitcoinFast qt wallet v2.0.2.1 on Windows is up to date and unlocked for staking but doesn't stake at all Huh
Can someone help me with this problem? Many thanks....
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September 17, 2017, 06:48:44 PM
 #103

My BitcoinFast qt wallet v2.0.2.1 on Windows is up to date and unlocked for staking but doesn't stake at all Huh
Can someone help me with this problem? Many thanks....
at the moment, the PoS difficulty is extremely high due to some user wallets with supper old coins that haven't staked for a year or two because the wallet didin't have the function to unlock to stake.
you can see it on the explorer at http://bcf.altcoinwarz.com

The unlock to stake function was just added/fixed recently - so there is a large backlog of staking going on.

The staking difficulty is affected by age, and amount - so we have to wait until the old farts get done staking before we get our chance.
(or there is something wrong with the difficulty adjustments - i will be looking into that soon)

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sonnykaran
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September 27, 2017, 10:33:12 PM
 #104

hi,

is anyone getting any stakes from the wallet?
rushmybitcoin
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September 28, 2017, 05:58:47 PM
 #105

I am a former Bitcoin Plus team member and here are my thoughts...I will confirm that the BCF wallet does stake but unlike other staking wallets this one takes a while. My conclusion is that either it is supposed to be like this or there is an error in the staking code. It does stake when it wants to and does pay 25% so you do get your coins but not immediately like other staking wallets. I have had times where it stakes a few times a day and then nothing for a week then stakes again. So in summary yes it does stake 25% annually which is a huge deal.

This is personally one of my favorites and there are things happening behind the scenes that will take this coin much higher down the road. I will confirm that some of the things that were done for Bitcoin Plus that took it to the level it is at now will be done for Bitcoin Fast as well sometime soon.

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September 28, 2017, 07:46:55 PM
 #106

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Spidersbox
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October 01, 2017, 05:30:32 PM
 #107

there have been some good questions about BitcoinFast on slack, so I thought I would share them and my reply.
I'm thinking I should add a Q&A section to the website.

Quote
When does it usually stakes? And does it take one time or many times anually?
We hold the bcf in the Cryptopia exchange wallet. Do we also get the stake?
-----
Quote
Most exchanges turn off the staking because when the block (or blocks) stake, it marks those blocks as unspendable while they are getting the required confirmations.
That ties them up so people can't withdraw them.

Under normal conditions, once a bcf coin is old enough (24 hours) it is eligible  to stake.
It gets a stake 'weight' which increases by how many days old it is, and how many bcf you have staking.
Currently there is a backlog of coins staking.
The wallet did not have an option to unlock the wallet for staking only - so people who encrypted/locked their wallet - were not able to stake.
This inability to stake a locked wallet went on for several years.
It was one of the first tings I added when I took over BitcoinFast.
Now there are literally millions of bcf with a stake age of years - this makes their 'weight' extremely high, and they have the most chance of staking - leaving the newer coins at the bottom of the list.
Luckily, when the old coin (block of coins) stakes, it get's split into two new blocks.
This puts the new blocks at the bottom of the list, and the cycle continues.
It will smooth out eventually, but the backlog will take some time.

As for how many times - the rate is 25% annually - but a block of coins can stake once a day - so you have to take the 25% of the total stake and divide it by 256 days.
That way at the end of the year, it adds up to 25%

hopefully that answers some of the staking questions.
Please feel free to add more questions or corrections

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saoman
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October 01, 2017, 06:19:45 PM
 #108

Quote
Please feel free to add more questions or corrections

Hi, why do i only have 1 active connection with my wallet?
and no block found on explorer since hours..
Spidersbox
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October 01, 2017, 06:43:18 PM
 #109

Quote
Please feel free to add more questions or corrections

Hi, why do i only have 1 active connection with my wallet?
that can be a tough question Smiley
When you first start the wallet, it looks at a dnsseed address(es) that is hard coded in the wallet. that is where it gets more wallets to connect to.
the very first time you open your wallet - like after installing it - or if you removed the blockchain database, the wallet spends most of it's time downloading the missing blocks from the very first connection. is does add more as time goes by - you should have more connections within a few minutes.

I'm guessing that is not your issue.

In some instances, and I don't know why (maybe a firewall, or isp issue? ya, if you can connect to 1 - then why not the others...)
you may need to add some connections manually in a configuration file.

If you are running a linux flavor - you probably already know the file.
In windows, the conf file is not required for the wallet to run.
Here is an example to add to windows, if you haven't all ready. The file name is: BitcoinFast.conf
and it goes in this location: C:\Users\*yourname*\AppData\Roaming\BitcoinFast\
Code:
rpcuser=anything
rpcpassword=youwant
addnode=65.102.140.117
addnode=51.15.53.179
addnode=188.165.203.89
addnode=184.164.129.202
addnode=73.230.123.131
addnode=192.95.29.214
then start your wallet again.

you don't have to remember the rpc user or password.
You can get a current list of nodes to add at http://Bitcoinfast.co under the status tab

sometimes it is as easy as shutting down the wallet, say "work darn you" - and start the wallet again  Smiley

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Spidersbox
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October 01, 2017, 07:03:34 PM
 #110

Quote
Please feel free to add more questions or corrections

Hi, why do i only have 1 active connection with my wallet?
and no block found on explorer since hours..
(you added another question when I wasn't looking  Smiley )

BitcoinFast is still on wobbly legs from not having a dev for a while, not a lot of the old users have come back yet, and we are slowly gaining new people to our community.
For the most part, the blockchain moves when a miner finishes work a block (solves a block/answers the question/accepts the block - however you wish to look at it)

The more miners there are working, the higher the hash rate. The higher the hash rate, the harder it is to solve the block.
This helps keep the blockchain moving at a somewhat steady 60 seconds a block.
Except when the hashrate jumps around.
The hashrate will jump when profit switching pools, or large mining rigs jump on. The difficulty will rise - this makes the coin harder to work, and less profitable, so then the pool or large miner switches to a different coin.
But that leaves the difficulty high for the smaller pools to deal with - and it takes a lot longer for them to solve a block. once they do - the wallets notice the smaller amount of hash power it took, and adjusts the difficulty back down, trying to keep the 60 second block time.

Then the profit switching pools find out the difficulty went back down - and jump on it again. <sigh>

As more people join BCF, more pools will include it for mining, and the hash power will get spread around to help smooth the bumps.
Also, when the proof of stake catches up, that will help keep the chain moving - without relying on miners - then they can jack themselves up all they want Smiley

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saoman
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October 01, 2017, 07:10:06 PM
 #111

Nice answers, thank you very much!
Spidersbox
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October 01, 2017, 07:16:44 PM
 #112

Nice answers, thank you very much!
Thank you for the questions!
I am sure it will help a lot of new people when they read them.

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Spidersbox
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October 15, 2017, 06:02:02 AM
 #113

in looking through the code, Ive decided to add Kimoto Gravity Well for difficulty adjustments.
It should work much better (just about anything will work better than it is now)

I still have to test if for several days to make sure the switch works correctly, and the affects are positive.

When every thing checks out ok, I will update the github repo and post a new windows-qt wallet.
I will need everybody's help in spreading the word of the mandatory update, including pools you may be using.

Time frame wise, I'm shooting for the middle of next month, I want to have plenty of time to get the word out.

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dutch_loneranger
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October 15, 2017, 04:01:55 PM
 #114

 bitcoinfast is fast indeed,
only took 8 hours too sync from block 1
year 2014 till 2017

Spidersbox
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October 19, 2017, 03:37:33 PM
 #115

my dns server is down.
I won't be able to get to it for about 10 hours.
You won't be able to get to the web site or block explorer.

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cryptalk999
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October 20, 2017, 03:24:13 AM
 #116

IS IT AVAILABLE IN EXCHANGE ?
coinhunter_mt2
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October 20, 2017, 03:32:04 AM
 #117

bitcoinfast is fast indeed,
only took 8 hours too sync from block 1
year 2014 till 2017



Are you kidding, lol? Is it really fast if it need 8 hours for syncing the wallet? OMG
alenghia
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October 20, 2017, 04:27:38 AM
 #118

bitcoinfast is fast indeed,
only took 8 hours too sync from block 1
year 2014 till 2017



Are you kidding, lol? Is it really fast if it need 8 hours for syncing the wallet? OMG

It takes time (a few hours) to download all blocks at the first time to run the wallet, and then it needs just a few minutes to sync the network. It runs smoothly.
Spidersbox
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October 20, 2017, 09:21:09 AM
 #119

IS IT AVAILABLE IN EXCHANGE ?
it is trading on Cryptopia and novaechange

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Spidersbox
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October 20, 2017, 09:22:38 AM
 #120

my dns server is down.
I won't be able to get to it for about 10 hours.
You won't be able to get to the web site or block explorer.
server is back up but it's under a DDos attack.
why me? - guess they were bored and couldn't come up with a better target.

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