[ANN][BTCZ] BitcoinZ - Low Fees, 100% Community, POW-Equihash No-Premine No-Tax

[crypt0r3x]

Community/devs/pool operators:

With suprnova having SUCH a high % of the overall shares, doesn't it make sense to either a) use suprnova or b) all find one other pool to use, rather than distribute our hashrate across numerous tiny pools that can't compete with suprnova?

My results over the weekend led to $100 in a Nicehash contract and $25 in missed mining on other pools trying to get PCMiNing's hashrate up. In over 24 hours we found only one block.

Seems to me that all the small pool operators are trying to attract more miners and while competing with each other, it ends up being to the detriment of all non-suprnova pools. There's not much we can do about taking hash rate away from suprnova unless we build up ONE strong, community-backed pool that has low (or no) fees plus a small fee for the devs/marketing of BTCZ.

The first I saw to do this was PCMiNing so I'd suggest everyone use that, and other pool promoters try understand the reason for this. No one is going to want to use a pool that has less than 1% of suprnova's hash rate. Also people are buying huge Nicehash contracts because suprnova supports them, and that's where most of the hash rate is coming from. PCMiNing also supports Nicehash (I am not sure what the max hash rate/difficulty it can support is, maybe the pool operator can comment?).

Anyway, keen to hear your thoughts, or be told why my thinking about this is wrong.

hear you loud and clear and this makes sense.  I've been brainstorming a plan and I spoke to a pool owner about it and I'm going to approach others....

The idea involves something written into z-nomp that sets a certain pay scheme to 'enabled' if the pool reaches a certain criteria - based on # of miners, hours they've been mining on that pool, and blocks found threshold. Triggering a full-block payout to a random miner on the pool.

Or something that monitors the pools and between a certain timeframe chooses an address that has met the criteria in example above and pays out full-block.  The payouts will be on a random pool and random address on that pool. Something like this would not require being written into z-nomp - it would be a service operating independently but that leads to the issue of it needing to be funded with some coins.  I would fund it to an extent.  

Certainly still at ideation stage.

-cryptorex

[1715302614]

1715302614

[aussiegwapo]

From slack:

marc sherwin
suggestion what if somebody creates a btcz miner and like ewbf certain % goes to the developer , what if we make use of that fee to get us listed on those exchanges that requires payment.

That is briliant. Someone sent email to suprnova about a special fee for development and no response. Then pcmining.xyz introduced that fee but miners are just not joining. This could change things...

Seems like a good idea worth looking into.

Dunno who sent that email to me, but I didn't receive a mail about "special fee for development".

However, I don't think this should be MY (or the pool's) decision, the miners should decide if they want to donate for development or not, i'm just running the pool. I can post a text in the header of the pool with an address of the dev's where donations should/can go to if that would help...

I agree, its up to the miners.

We now have 3903 wallet installations.
and 220781 out of 12500000 coins donated to reach the listing fee of 5 BTC.
Donate:
bitcoinz: t1fHHnAXxoPWGY77sG5Zw2sFfGUTpW6BcSZ
https://bitcoinz.ph/address/t1fHHnAXxoPWGY77sG5Zw2sFfGUTpW6BcSZ


12279219 is all we need. Out of 3903 wallet installations, if 3903 people donated 3146 BTCZ. We can pay for the exchange listing fee.

-hellomoto

I have noticed if i send 1000 btcz it withdraws 1020 i say to myself wtf!
1000 goes to donation wallet and the other 19.9998056 that i didnt ask to send the extra 19 coins on top of the fee that i paid, thinking what is going on and why people dont want to donate

MyBitcoinZ wallet is sending all funds out of a wallet and then sending the funds you wanted (1000) and the rest of the funds (19.9999) to another wallet that you own. Go to settings > personal wallet > more options > wallet addresses. This is how HD Wallets work.

Thanks for the information greatly appreciated.

[e4f4]

Community/devs/pool operators:

With suprnova having SUCH a high % of the overall shares, doesn't it make sense to either a) use suprnova or b) all find one other pool to use, rather than distribute our hashrate across numerous tiny pools that can't compete with suprnova?

My results over the weekend led to $100 in a Nicehash contract and $25 in missed mining on other pools trying to get PCMiNing's hashrate up. In over 24 hours we found only one block.

Seems to me that all the small pool operators are trying to attract more miners and while competing with each other, it ends up being to the detriment of all non-suprnova pools. There's not much we can do about taking hash rate away from suprnova unless we build up ONE strong, community-backed pool that has low (or no) fees plus a small fee for the devs/marketing of BTCZ.

The first I saw to do this was PCMiNing so I'd suggest everyone use that, and other pool promoters try understand the reason for this. No one is going to want to use a pool that has less than 1% of suprnova's hash rate. Also people are buying huge Nicehash contracts because suprnova supports them, and that's where most of the hash rate is coming from. PCMiNing also supports Nicehash (I am not sure what the max hash rate/difficulty it can support is, maybe the pool operator can comment?).

Anyway, keen to hear your thoughts, or be told why my thinking about this is wrong.

hear you loud and clear and this makes sense.  I've been brainstorming a plan and I spoke to a pool owner about it and I'm going to approach others....

The idea involves something written into z-nomp that sets a certain pay scheme to 'enabled' if the pool reaches a certain criteria - based on # of miners, hours they've been mining on that pool, and blocks found threshold. Triggering a full-block payout to a random miner on the pool.

Or something that monitors the pools and between a certain timeframe chooses an address that has met the criteria in example above and pays out full-block.  The payouts will be on a random pool and random address on that pool. Something like this would not require being written into z-nomp - it would be a service operating independently but that leads to the issue of it needing to be funded with some coins.  I would fund it to an extent.  

Certainly still at ideation stage.

-cryptorex

Idea.
Put ad on pool website. Earnings from ad used to buy BTCZ. Random miner that has been hashing 24 hours gets that BTCZ. Daily lottery. Not a big deal to compile.

[aussiegwapo]

Anyone here has msi 1070 gaming X and how much sol/s you're getting with?

I don’t have the gaming version but I get around 430 sol/s with roughly 70% PL. Anything below 410 would be strange with higher power targets you can push it further but the cost/temperature/gain ratio is not that attractive.

Im running gigabyte 1070 { core volt 0 Powerline 75% core clock 140 memory 550

getting 430 > 460 hash

[Andrey09]

This is a very interesting coin. I would like to help translating to the Russian
PM to me if need help.
What to need to for add on Bittrex ? How much it cost ?
5 BTC ?

[PCMining]

Community/devs/pool operators:

PCMiNing also supports Nicehash (I am not sure what the max hash rate/difficulty it can support is, maybe the pool operator can comment?).

Pool has got a port for nicehash with enough hash rate/difficulty (1.25 - 16):

stratum+tcp://pcmining.xyz:3958

[coinhunter_mt2]

This is a very interesting coin. I would like to help translating to the Russian
PM to me if need help.
What to need to for add on Bittrex ? How much it cost ?
5 BTC ?

BitcoinZ might be better than Bitcoin Gold, lol

[Resmoon]

Community/devs/pool operators:

My results over the weekend led to $100 in a Nicehash contract and $25 in missed mining on other pools trying to get PCMiNing's hashrate up. In over 24 hours we found only one block.

i'm mining at "PCmining.xyz" atm we found two blocks in 1 hour, It's totally luck based.

[e4f4]

Community/devs/pool operators:

My results over the weekend led to $100 in a Nicehash contract and $25 in missed mining on other pools trying to get PCMiNing's hashrate up. In over 24 hours we found only one block.

i'm mining at "PCmining.xyz" atm we found two blocks in 1 hour, It's totally luck based.

And difficulty decreased.

[e4f4]

This is a very interesting coin. I would like to help translating to the Russian
PM to me if need help.
What to need to for add on Bittrex ? How much it cost ?
5 BTC ?

Bittrex does not require payment. Quote:

At Bittrex, we look for coins that have high community demand, innovations to digital currency technology, or a contribution to science or humanity.

So it is up to us to keep up the work like we did so far and wait. Join slack, there was a need for translating mentioned.

[kabom]

Hey guys,
i was mining for about 10h with claymore on http://pcmining.xyz with my wallet address..
Claymore worked fine.. but my address says ZERO btcz.. I'm making some mistakes or?
Thank you

[PCMining]

Hey guys,
i was mining for about 10h with claymore on http://pcmining.xyz with my wallet address..
Claymore worked fine.. but my address says ZERO btcz.. I'm making some mistakes or?
Thank you

PM me your wallet adress... Must be immatured balance... Pays after 100 confirmations...

[max1111]

The coin will be able to handle one million transactions per minute in the future?

[zazka]

How to dual mine?

[chancefx]

How to dual mine?

no dual mine

[Stealth8368]

Some very good ideas posted for pools and incentives for miners,perhaps if we ask supernova to close signup to BitcoinZ pool for a week that would let other pools catch some miners,pools offering 0.5% donations get to using official BitcoinZ pool on our front page here,I won’t get started on nicehash contracts raping our coin and difficulty shooting up lol just a fact of mining when your profitable.

[Mysterious01]

I kinda like this project because I've been mining using GPU for almost 2 years already.
I will follow the improvement of this project and I am hoping that it can give a better services compare to other.

[okok32]

Hello. When will the road map be presented to expensive developers? I keep 0.5% of all coins available at the given moment. and I'm worried when you're silent! Thank you!

[e4f4]

The coin will be able to handle one million transactions per minute in the future?

Not sure. Why is that important?

[e4f4]

Hello. When will the road map be presented to expensive developers? I keep 0.5% of all coins available at the given moment. and I'm worried when you're silent! Thank you!

Forums today are not like they used to be. Join slack.