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Author Topic: [ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN  (Read 124721 times)
Luc56
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April 12, 2018, 04:55:55 PM
 #2481

I thought u guys are a bit more experienced in stuff like algorithms. ASICs chips can only mine a specific algorithm, so the baikal x10 had 6 or 7 different chips and they just activated them with a firmware. So they need a new ASIC for the new algorithm. Sure its possible, but if you guys make it for them complicated as possible, im sure they will have problems. So I would take option #1. Just change the algo to something really complicated algorithm. Take a look at cryptonightv7,lyra2rev,x16r or you just create a new kind of algorithm if your team is experienced im sure this will not be a problem for you guys.

lol loud and wrong smh
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Eatbatterys
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April 12, 2018, 07:11:44 PM
 #2482

is voting over now?

No, it is not over yet.

I must be having a senior moment then as I can figure out how to vote! The voting options at the top of the page do not seem to be active?!


I don't believe BCT allows new users to vote on polls. I can't say for certain, but that would be my best guess as to why you're not able to vote.

If you'd like to join our discord at https://discord.gg/2dveH2 , we have the poll up there as well for users to cast their vote on, even if brand new.
lton
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April 12, 2018, 09:59:37 PM
 #2483

Thank you. Vote cast on discord. Keep up the good work.

It was between option 1 and 2 for me...was going to vote for 2 but at the end went for option 1. Here is why:
I got into mining last summer. I came across bwk at the beginning of the year on a mining channel. I did not mine it, I bought coins and set up a MN. It has been a rollercoaster ride but I am still around. So the cut the long story short....the BWK roadmap makes sense to me and I am looking forward to pos. I am happy to get to pos sooner rather than later. However with recent developments if BWK does the pow algo switch this can be an opportunity to attract displaced gpu miners to BWK. In most cases gpu miners are enthusiasts who will spread the word, help the coin to gain traction and the community to grow.
BWK_VoxTerra
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April 12, 2018, 11:32:11 PM
 #2484


There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.

Upsides to continuing PoW, just for the sake of argument-
1. Continued free publicity via WTM/Crypto-coinZ/Crypt0-zone
2. More opportunity for small buyers to get in with less risk
3. Far easier to build a userbase and community via mining than staking.
homey108
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April 13, 2018, 12:40:14 AM
 #2485


There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.

Upsides to continuing PoW, just for the sake of argument-
1. Continued free publicity via WTM/Crypto-coinZ/Crypt0-zone
2. More opportunity for small buyers to get in with less risk
3. Far easier to build a userbase and community via mining than staking.

1.  Free publicity to bring more miners.  Not investors, not buyers. Miners/Sellers don't invest their $$$ in a way that helps the coin.    Their money goes to hardware vendors and electric companies.  Then they sell/dump on the exchanges.  We don't need this kind of publicity.  Compare this to MN owners and Stakers, they are incentivized to first BUY, and take coins off the market and hold them.  They help the community and other investors by stabilizing the price.  The miners just mine and dump.

2.  Far far more risk in buying mining hardware and setting up, than simply buying the coin and staking/MN.

3.  See #1.   What kind of  "community" are you looking to build?  The "community" that only takes?  That switches from coin to coin with lightening speed chasing profits, and then dumping those coins on the market and often straight into the bids?  That's not community.  Those are not loyal holders and buyers.

Sure there are a very very small number of miners that do end up buying and holding bwk and are great to have in the community. No doubt about it.  But they are a small  minority in the greater sea of miners.  Most don't care one bit about the coins they profit from, or the long term future and health of the network.  For example: If they can all pile into one pool to make more money, they do it, regardless of the consequences for the network.
Eatbatterys
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April 13, 2018, 03:16:33 AM
 #2486

Thank you for providing your feedback. I've said this a few times in general chat but I'd like to reiterate in an official capacity that this vote is not a guarantee that any particular choice will be implemented by The Bulwark Team. It was a means to gauge community interest in each option to be taken into consideration while we discuss internally.

Please allow 1-2 days for us to discuss amongst ourselves while weighing the pros and cons of each option. Our goal is to provide the best option for Bulwark to continue in a healthy and successful manner for the long term. Once we've finalized a decision, we will provide another announcement, provide our reasoning for doing so, and commence work immediately.

Thank you for your participation and support!
lyolyalya
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April 13, 2018, 05:56:40 AM
 #2487


There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.

Upsides to continuing PoW, just for the sake of argument-
1. Continued free publicity via WTM/Crypto-coinZ/Crypt0-zone
2. More opportunity for small buyers to get in with less risk
3. Far easier to build a userbase and community via mining than staking.

1.  Free publicity to bring more miners.  Not investors, not buyers. Miners/Sellers don't invest their $$$ in a way that helps the coin.    Their money goes to hardware vendors and electric companies.  Then they sell/dump on the exchanges.  We don't need this kind of publicity.  Compare this to MN owners and Stakers, they are incentivized to first BUY, and take coins off the market and hold them.  They help the community and other investors by stabilizing the price.  The miners just mine and dump.



ok.let's say.you have your $10k and i have my $10k.you are buying bwk and i buying hardware 2 month ago.bwk at 5$.now it is at 1.3$...your investment 1|4.are you going to sell it?no.i mined bwk last 2 months at price decreasing.am i going to sell it at 1.3$?no.any way.so who is investor?i mine it?you are buying it=)yes.theoretically with yours efforts price will going up...aaand.lets say that bwk will be at 500$.would you sell it?i don't now...maybe...at least 100x - is a good invesment.and i will sell it for sure.you are right.and i will dump it.yes.BUT.you can buy it with less price and do some X's again...if noone sell it then who will buy it?
homey108
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April 13, 2018, 06:15:05 AM
 #2488

 Miners don't provide a service by selling. That is a dis-service.  It's also not important since there will be still sellers without miners.  The less sellers, the better.  Price in free markets is always set by supply and demand.  Less sellers (less supply) will eventually take the price higher unless demand is non-existent.  We don't want sellers, that's the opposite of what is needed.   If there weren't so many people dumping into the bids, and instead, refusing to sell, the price would rise.

Then when the miners all jump in one pool/group or superior hardware such as fpga's concentrates the hash power, then we see unintended or malicious forks.  As these forks keep happening, investors lose faith in the dev's ability to keep the network stable and teh price dumps even more.

None of this would be an issue with POS.
lyolyalya
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April 13, 2018, 06:21:48 AM
 #2489

hmmm...okay...will support only pow coins in future...
homey108
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April 13, 2018, 06:58:38 AM
 #2490

Haha...  Maybe no need to take it to the extreme.  Smiley   For now, bitcoin is doing fine on POW, as are many other coins.

But honestly, I do fully believe that mining is going to be the Achilles heel of crypto going forward, as Moores law and the advancement of hardware technology remain a constant challenge.  The goal posts are constantly changing and no tech is future proof.  There is a very large financial incentive for people to exploit and take advantage of systems built for older tech/hardware with their newer, faster, more efficient machines. The time from concept to completion will also continue to drop as they move  beyond the limitations of ASIC's and combine technologies that can be modified or programmed as needed.  The cost of doing so will also continue to drop.
larrysm
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April 13, 2018, 08:09:49 PM
Last edit: April 13, 2018, 09:31:43 PM by larrysm
 #2491

I made a video about why asic miners are bad for bulwark

I am also hosting a giveaway on 15 BWK!

https://www.youtube.com/watch?v=EbuNvvHNg_U
scionscape
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April 14, 2018, 02:47:45 PM
 #2492

I made a video about why asic miners are bad for bulwark

I am also hosting a giveaway on 15 BWK!

https://www.youtube.com/watch?v=EbuNvvHNg_U


Ah, I appreciate your opinions.
zayzik
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April 14, 2018, 05:44:57 PM
 #2493

 who the heck is building buwark-specific chips?if anything they're applying ASICs designed for btc or ether
which in turn is technically not ASIC for bulwark
Digital Drug Lord
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April 14, 2018, 06:00:00 PM
 #2494

why are the bulwark mining rewards so low?


bulwark only makes 0.24 cents a day on my rig!
bones261
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April 14, 2018, 06:00:37 PM
 #2495

who the heck is building buwark-specific chips?if anything they're applying ASICs designed for btc or ether
which in turn is technically not ASIC for bulwark

Here is the product. http://www.baikalminer.com/product09.php#a
Technically, it's not based on ASIC chips, but rather FPGA chips. FPGA are less efficient than an ASIC. However, you can reprogram an FPGA to do another algorithm. This is not possible with an ASIC.


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Eatbatterys
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April 14, 2018, 09:01:58 PM
Last edit: April 14, 2018, 09:46:37 PM by Eatbatterys
Merited by bones261 (1)
 #2496

After much deliberation the Bulwark team has decided that going forward we will be moving to Proof-Of-Stake. Please see the attched blog post for our thought process:

https://bulwarkcrypto.com/bulwark-proof-of-stake/

We thank you for your patience and understanding


Q: Is PoS activating 6 months from now?
A: Proof of Stake is activating 6 months from the launch date. So around another 2 months on block 172800 (Approximately June 6th, 2018.)

Q: Is mining still possible?
A: Yes, mining is still possible up until block 172800.

Q: Will we need to update wallets/Masternodes?
A: Yes, we will provide a new wallet and update the Masternode script when the wallet is ready.

Q: But the vote said an algorithm change was going to happen.
A: This vote was not a guarantee that any particular choice will be implemented by The Bulwark Team. It was a means to gauge community interest in each option to be taken into consideration while we discussed internally.

Q: Are the block rewards changing?
A: No, Block rewards will stay the same, but the see-saw reward system will activate on block 172800.

Q: What % of rewards will I expect during Proof of Stake?
A: There is no way to accurately calculate your rewards until PoS activates. It depends on how much is locked up in staking, and how much is locked up with MN's.
homey108
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April 15, 2018, 04:00:55 AM
 #2497

Good.  Let's hope the network remains stable until the change takes place.  Then you guys can work on the road map instead of fighting to defend the chain against miners and concentrated hash power.  Much better use of your time and energy in my opinion.
bspus
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April 16, 2018, 03:37:42 PM
 #2498

Why is cryptopia wallet on maintenance again?

Eatbatterys
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April 16, 2018, 04:27:42 PM
 #2499

Why is cryptopia wallet on maintenance again?

Haven't the slightest idea. CoinInfo states they're restarting the server though it's been about 10 hours now. I've got multiple messages/emails into them in an attempt to figure out what's going on.
Apelsinus
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April 16, 2018, 08:41:34 PM
 #2500


Mine Bulwark with happypool.cc

Code:
-a nist5 -o stratum+tcp://happypool.cc:3833 -u WALLET -p c=BWK

0.5% fees, no registration



Stay comfy & Be happy!

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