[ANN] BitcoinFast revival -

[bambarmia]

Any updates from dev ?

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[netnutter]

Spidersbox, news about the project bitcoinfast .

Any updates from dev ?

Earlier he mentioned that he will be away till the 27th. May be we will hear from him tomorrow..

I'll be on vacation from aug 20 to aug 27
don't brake anything 

[Spidersbox]

Made a BCF transaction. In 3 hours had 1 confirmation. It does not seem fast at all!!!!

sometimes a large profit switching poll will mine BCF and drive the difficulty way up - then switch to something else, making it very difficult for the smaller miners to find a block.
Once the smaller miners find a block or two - the difficulty comes back down again.

[Spidersbox]

Hi,
I have wallet v2.0.1.5-g-beta
and it is synced but says "WARNING checkpoint is too old. Wait for blockchain to download, or notify developers"
I am on block 506252
Any ideas spider?
Thanks
J

Nobody is running a checkpoint server - that warning can be safely ignored.
I will disable that warning on the next wallet update.

Spidersbox,
Can we still use this wallet while you're working on the new one or does the current wallet not work?

Yes, you can still use the current wallet, and safely ignore the the warning.
I need to update the web site first, then see about updating the wallet.

[ry474k3]

This shitcoin is ran by bagholders.Dont buy it so they can dump on you!!

[ccbkcrypto]

Can you please explain me how to run a POS node ?
I'm ready to start.

[Spidersbox]

Can you please explain me how to run a POS node ?
I'm ready to start.

all you have to have is a running wallet with Bitcoinfast coins in it.
It you encrypt your wallet (lock it), you will need to unlock it for staking.
that's it.

[Spidersbox]

wallet update
version 2.0.2.1

github is updated
windows-qt wallet ready for download

links can be found in opening message of this thread, or on the web site at http://bitcoinfast.co under the status tab.
-------------

Updates include:
fixed unlock wallet for staking - you were still able to transfer coins without entering a password. now you have to enter your password.
added checkwallet
added repairwallet
added zapwallettxes

[wwzsocki]

I will watch this thread. This coin is take over by new dev. Still in ongoing development or not? Please there is some info and roadmap needed.

[Spidersbox]

still on going. will work on road map soon.

[Dge10]

I see a potential, BCF after updates a new design at the site and road map!!!

[Spidersbox]

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 

[MaseratiGhibli]

My BitcoinFast qt wallet v2.0.2.1 on Windows is up to date and unlocked for staking but doesn't stake at all
Can someone help me with this problem? Many thanks....

[Spidersbox]

My BitcoinFast qt wallet v2.0.2.1 on Windows is up to date and unlocked for staking but doesn't stake at all
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)

[sonnykaran]

hi,

is anyone getting any stakes from the wallet?

[loutchano]

New Pool Bitcoinfast  0.9 Fee



http://mineblocks.co.uk

Configure Your Miners

stratum+tcp://stratum.mineblocks.co.uk:3021 -u YOUR WALLET -p x

Ports ( 3021 )  ( 3022 )  All ports Vardiff


Twitter : https://twitter.com/MineBlocksPool

Telegram : https://t.me/mineblocksp

[Spidersbox]

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.

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?

-----

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

[saoman]

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]

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
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  

[Spidersbox]

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  )

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