KryptoKash (OP)
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Activity: 511
Merit: 275
Bitcoin Interest.
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March 19, 2018, 04:56:58 AM |
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DaveF
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Activity: 3472
Merit: 6264
Crypto Swap Exchange
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March 19, 2018, 11:36:07 AM |
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Currently mining, how many coins do we need in order to gain interest?
A minimum will be announced at the launch of our interest pools. It will be low, just to ensure what you earn is greater than the send fees. Is there and ETA on the interest pools? And "it will be low" is not a good answer. Not to be grumpy but you can wind up in kind of a loop here. Now that it's on one exchange you can buy more BCI. Since it's only on 1 exchange it's somewhat cheap as people are dumping since it was no cost to them. So if I am going to need "X" number to mine in the interest pool I'll grab some now. If you then come out a say you need 100 fine I'll get that, if you say you need 500 I *might* get that. If you come out 3 or 4 weeks from now and say you need 100 but since it's on a lot of exchanges and there is volume and the price has gone up 15x I might just say screw it and dump it. Along, with I am sure a lot of other people who are waiting for that same news. Dumping the price of the coin. I don't want to complain and it's your project but the information of how much and when, is kind of important for how well this project will do later. At least in my opinion. Thanks, Dave Hello, We've announced the first round of interest will begin on April 1st. That is the first day you can begin staking your coins and interest pools will begin paying out based on what time period you select. There is no required amount like you are asking for what you need. Whether you stake 100 coins, or 500 coins the process itself is decentralized and won't care. That was the idea, its a competitive staking platform. The more the stake the higher chance you get more back also the longer you stake the higher the reward. So if you want to stake 1 coin, sure you will get some interest, but it won't be as high as someone say staking 100. I think you are thinking of a more traditional staking system, which we are not. The interest grows independently and can be viewed from within the platform as to maintain transparency. I hope this answers your questions. Basically they are your coins and we want you do with them as you see fit. At no time are we in control of your coins. You can hold them wherever and if you want to stake 50, and then cash out 100, you have the option to do that at any time. And after cashing out if you want to buy 20 more and stake a total of 70, you have the choice to do that too. And that is all because you keep your coins at all times. The platform will never accept coins, nor ask you to send them anywhere. You simply put coins in your wallet, or wherever else you might like and let us know the address you are storing them in. The idea of competitive staking is what will help the coins growth and longevity. Lets say staking 100 coins right now gets you 5 extra coins a week, but lets say in 4 months there are a lot more people staking 100 and now you get 2.5 week, so you can up to 200 coins stake and earn 5 coins a week. This is a simple example, but that is the idea. As time progresses we expect people to stake higher and higher amounts. So getting in early of course is best, but again, you have the freedom to do with your coins as you see best for you  IF I had to say a minimum, I imagine we will not allow anything below the current send fees, so thats like .002 BCI I think? So if you wanted a labeled minimum it would be around there. Thanks, Aaron Aaron, Thanks for the answer. That was what I was looking for. I could not find it anywhere. You should make the link https https://my.bitcoininterest.io/Account/Register not http Thanks, Dave |
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xlcus
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March 19, 2018, 12:13:24 PM |
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It seems that the value of all of the Bitcoin forks is close to zero. What about Bitcoin Atom?
Will it survive? How?
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KryptoKash (OP)
Sr. Member
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Activity: 511
Merit: 275
Bitcoin Interest.
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March 19, 2018, 05:47:22 PM |
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It seems that the value of all of the Bitcoin forks is close to zero. What about Bitcoin Atom?
Will it survive? How?
This is a Bitcoin interest thread. Please keep this thread on topic. As for will BCI survive well anyone selling their BCI right now is just silly..... as we will all see in the coming weeks. |
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Mrseed12
Copper Member
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March 20, 2018, 05:55:23 AM |
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Looking to buy 1-2 btc worth of bci
Escrow is required.
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KryptoKash (OP)
Sr. Member
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Activity: 511
Merit: 275
Bitcoin Interest.
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March 20, 2018, 07:48:26 AM |
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Looking to buy 1-2 btc worth of bci
Escrow is required.
Our first market has opened on a smaller exchange, because of the low volume price is between $0.60 - $180: https://tradesatoshi.com/Exchange/?market=BCI_BTC. |
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concumu1512
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March 20, 2018, 07:49:25 AM |
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good project
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KryptoKash (OP)
Sr. Member
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Activity: 511
Merit: 275
Bitcoin Interest.
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March 20, 2018, 07:55:14 AM |
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good project
Thank you, Be sure to join our telegram group - https://t.me/bitcoininterest |
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NrX
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March 20, 2018, 08:08:33 AM |
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This fork is purpose based which is earning interest for keeping your coins in wallet. I think it should be treated little different way even this is also altcoin. We should give some time to team to show us what they actually trying to deliver before shouting at this either way.
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concumu1512
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March 20, 2018, 08:29:56 AM |
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good project
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jtalk
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Merit: 1004
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March 20, 2018, 08:36:07 AM |
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I was interested in exchanges where it is currently being traded to have a look at this market. Opening page is showing names of two exchanges which redirected me to Bitfinex but I can't find it there. Why this information is misleading and if this is typo mistake then why isn't being removed from there or being marked as potential exchanges if there are negotiation at some level with them.
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KryptoKash (OP)
Sr. Member
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Activity: 511
Merit: 275
Bitcoin Interest.
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March 20, 2018, 04:58:35 PM
Last edit: March 20, 2018, 05:33:07 PM by KryptoKash |
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I was interested in exchanges where it is currently being traded to have a look at this market. Opening page is showing names of two exchanges which redirected me to Bitfinex but I can't find it there. Why this information is misleading and if this is typo mistake then why isn't being removed from there or being marked as potential exchanges if there are negotiation at some level with them.
Bitfinex market should go live within the next 10 days. Currently our Trade Satoshi market is open. Due to the low volume on there, some people are picking up coins their at amazing prices. Other exchanges are currently syncing their wallets. I will check the bitfinex links seems one is wrong, thank you for pointing that out. |
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peoples
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March 21, 2018, 10:00:39 PM |
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Very interesting project. Good communication and support too in telegram channel. Thumbs up
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Fabriz
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March 22, 2018, 02:18:05 AM |
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What's the circulation supply ?
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Cryptoindia92
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March 22, 2018, 03:44:51 PM |
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When can we access the Block Explorer??
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KryptoKash (OP)
Sr. Member
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Activity: 511
Merit: 275
Bitcoin Interest.
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March 22, 2018, 04:52:17 PM |
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Very interesting project. Good communication and support too in telegram channel. Thumbs up
Thank you, make sure you let everyone know to join the BCI telegram group - https://t.me/bitcoininterest |
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KryptoKash (OP)
Sr. Member
Offline
Activity: 511
Merit: 275
Bitcoin Interest.
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March 22, 2018, 04:53:55 PM |
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What's the circulation supply ?
When can we access the Block Explorer??
We will know this once the block explorer syncs, we did fork BTC at a 1:1 but that was a few weeks ago. Join our telegram group to stay be notified when the block explorer is done syncing - https://t.me/bitcoininterest |
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Ayms
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March 25, 2018, 09:03:11 AM |
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Just to clarify, BCI is not a fork of BTG but the problem is that BCI have the very same replay protection than BTG, therefore BTCs still there before BTG fork and claimed as BTG or BCI can be moved on both chains (without people even knowing it) |
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DaveF
Legendary
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Activity: 3472
Merit: 6264
Crypto Swap Exchange
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March 25, 2018, 06:54:42 PM |
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I was interested in exchanges where it is currently being traded to have a look at this market. Opening page is showing names of two exchanges which redirected me to Bitfinex but I can't find it there. Why this information is misleading and if this is typo mistake then why isn't being removed from there or being marked as potential exchanges if there are negotiation at some level with them.
Bitfinex market should go live within the next 10 days. Currently our Trade Satoshi market is open. Due to the low volume on there, some people are picking up coins their at amazing prices. Other exchanges are currently syncing their wallets. I will check the bitfinex links seems one is wrong, thank you for pointing that out. Can't happen soon enough. TradeSatoshi is so slow and buggy that it's just about useless. Tried to buy some more BCI took 5 or 6 tries before the order was accepted. Very annoying. -Dave |
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