[ANN] BITTUBE | NOW LIVE | NO PREMINE | NO ICO | FIRST AIRTIME MEDIA PLAYER

[big_daddy]

yes of course iam right !! that is why they havent updated their maximum suppy in CMC.

We got it. You just need to stop spamming and calm down. This is getting really annoying. I`m sorry for your lost money.
If you dont want the coins anymore I will be happy to receive them, if you say that they are worthless.

HHHHHHH  price is 1080 SATOSHI HHHHHHH


Iam not spamming !! LOOK AT THE PRICE!! WAS I RIGHT ?? OF COURSE !!!

You are lying to public not showing the MAXIMUM SUPPLY  with is ONE BILLION !!! 1.000.000.000  /// u only barely mention in the whitepaper

The real price of this is maybe 50 SATOSHI Like BCN

I TOLD U you are hiding maximum supply on purpose !!!! UPDATE THE MAXIMUM SUPPLY ,,, STOP FOOLING INVESTORS!!!


And you Mining difficutly is a JOKE!!!!! hhhhhh more than 8 millions coins were mined in few days !!!! hhhhhhh it is A JOKE!!

are you just suggesting all of us to abandon the ship?
cause 50 sats compared to 1080 is a big dump man 

[teasider]

Well, As he might be ignored because of the WAY he writes - he was right so far.

Any comments from devs on his claim about 1 billion coins?

[Daymomero]

I wish this project grows well and ideally. Flawless website, pretty good approach!  Good luck fellows!

[Neoony]

Well, As he might be ignored because of the WAY he writes - he was right so far.

Any comments from devs on his claim about 1 billion coins?

AFAIK 1 bil will only be reached in 2050.
The main reason for the price going down is that its right now extremely CPU friendly to mine, so botnet "owners" took advantage of it for quick profits.
But the algo will be switched to a custom optimized heavy on 2nd July. CPU mining will be quite useless.
Price is expected to go down pretty much until the fork, maybe even some days after it.

Devs would probably say something similar

Price is probably more expected to go up with "airtime" at 140k height rather than at 110k fork.

[teasider]

Well, As he might be ignored because of the WAY he writes - he was right so far.

Any comments from devs on his claim about 1 billion coins?

the algo will be switched to a custom optimized heavy on 2nd June.

I think you mean 2nd of July?

@mycoinbtc, any comment that it'll only happen around 2050 at current rate?

[Neoony]

Well, As he might be ignored because of the WAY he writes - he was right so far.

Any comments from devs on his claim about 1 billion coins?

the algo will be switched to a custom optimized heavy on 2nd June.

I think you mean 2nd of July?

@mycoinbtc, any comment that it'll only happen around 2050 at current rate?

Yeah my bad xD 110k height 2nd July

[Neoony]

This was one official answer I could find on topic "current base reward"
Which mentions if we reach it in 2050, with a little explanation.



[ Still cant have embedded images D: ]

...also, apparently coinmarket cap has wrong info and they have been asked to change it, but they seem to be too lazy about it.

[teasider]

This was one official answer I could find on topic "current base reward"
Which mentions if we reach it in 2050, with a little explanation.



[ Still cant have embedded images D: ]

...also, apparently coinmarket cap has wrong info and they have been asked to change it, but they seem to be too lazy about it.

I dont get it. Did they just admit that their algorithm is one that supports the downtrend of the price....forever?

[Neoony]

I dont get it. Did they just admit that their algorithm is one that supports the downtrend of the price....forever?

The reward from mining a block goes down.
Its not about the price of it.

Less reward = less supply = eventually increasing value [if there is at least some demand]

For example, bitcoins rewards decreases every 4 years as Iam reading.

A coin is designed in such a way that it should never exceed its max supply. However the question is will a coin reach its max supply and when? Let’s take Bitcoin as a example. It is estimated that around year 2140 BTC will reach its maximum supply. Bitcoin has controlled supply and its block reward decreases every 4 years. Its expected by the year 2032 99% of the Bitcoins will be mined. To mine just that last 1% it takes 100 years.

Practically we don’t think Bitcoin will reach its maximum supply which is 21 million. One reason is there are so many Bitcoins that are lost which are of no use. Also the miners won’t continue mining if the rewards are too less.

So what happens once Bitcoin reaches its maximum supply? The answer is simple. There would be no more inflation. If the demand of the coin keep raising then its value will raise substantially. But will the demand for Bitcoin raise in future, who knows?

Source: https://coinguides.org/circulating-supply-total-supply-max-supply/

Should be something similar.

Simply, with time it will get harder and harder to mine, because of less rewards...so if there is something to worry about, then its the question if we will even reach it in 2050. [its probably more likely that we might reach it later than sooner, but Iam no expert on this]

Just not sure if the decreasing rewards are only based on time? [but I guess so]

It might have been mined a bit too fast right now with the light algo [too fast, too soon], but we gotta see what the fork will do to the mining overall.
But for me with Ryzen 1800x:
Current algo: 2200H/s
New heavy algo: 180H/s
XFX Radeon HD 7970 3GB DD:
Current algo: 1342H/s
New heavy algo: 277H/s
Big difference coming.

[mycoinbtc]

What I hate about those who defend the coin is that THEY ARE THE ONES WHO MINE AND DUMP THE PRICE.

THEY DO IT EVERY DAY STARTING , AT 3 AM.

THEY DUMP IT SLOWLY SO THAT THEY DONT CREATE PANIC.
 
YOU CAN CHECK THAT YOUR SELF. GO TO BITTREX AND CHECK THE PRICE GOING DOWN EVERY DAU AT 3 AM SINCE EARLY JUNE. EXCATLY AT 3AM  IT STARTS.

THEY EVEN ADMIT THAT THE COINS ARE MINED VERY FAST.


THEN THEY CONE HERE PREACH NONSENSE.

WHAT A SHAME.

AT THIS RATE , THE PRICE WILL RRACH 500 IN MAXIMUM A MONTH OR TWO .

THE TOTAL SUPPLY JUMPED FROM 54 MILLION TO ALMOST 64 MILLION IN MATTER OF DAYS.

THE IDEA ABOUT 2050 IS NONE SENSE . MOST COINS WILL BE MINED IN THE FIRST FEW YEARS.

ONLY LIKE 10 millions out of 1 BILLION WILL BE MINES IN Later YEARS.

Worst minning plan I have ever seen

Watch my words.

Future will show u !!!!

[Neoony]

THEY DO IT EVERY DAY STARTING , AT 3 AM.

THEY DUMP IT SLOWLY SO THAT THEY DONT CREATE PANIC.
 
YOU CAN CHECK THAT YOUR SELF. GO TO BITTREX AND CHECK THE PRICE GOING DOWN EVERY DAU AT 3 AM SINCE EARLY JUNE. EXCATLY AT 3AM  IT STARTS.

THEY EVEN ADMIT THAT THE COINS ARE MINED VERY FAST.

Pretty sure no one disagrees with that.
Thats why there is the fork happening.

The fork pretty much means that the devs also agree.

As much as they would love to put the fork out right now, it needs testing.

I cant disagree that this might have been predicted sooner with the light algo.
Mistakes were made. Many other similarly affected coins dont even care to try and fix it.

I can only say, we will see what happens

[Iamtutut]

I'm not very happy with the coming fork, that's a huge difference with my CPU which I'll use for another crypto.

[Neoony]

I'm not very happy with the coming fork, that's a huge difference with my CPU which I'll use for another crypto.

Yep, if you get the most out of CPU, you are done with TUBE mining.
So am I

Might leave the smaller GPU on it, maybe...depends on what will I actually get.

[Mihawk]

I'm not very happy with the coming fork, that's a huge difference with my CPU which I'll use for another crypto.

Yep, if you get the most out of CPU, you are done with TUBE mining.
So am I

Might leave the smaller GPU on it, maybe...depends on what will I actually get.

If this fork happens it will not disrupt the purpose of TUBE? Which is to reward content producers and  they choose the cryptonight algorithm precisely because it gives everyone access to sustainable mining! Are TUBE prices currently reflecting this uncertainty and disapproval of some? Does anyone know when there will be coin halving? At this rate it will be difficult for TUBE to get some added value, because the adoption of its platform is not complete and still with these uncertainties... Well, some black months for TUBE is approaching.

[Iamtutut]

I'm not very happy with the coming fork, that's a huge difference with my CPU which I'll use for another crypto.

Yep, if you get the most out of CPU, you are done with TUBE mining.
So am I

Might leave the smaller GPU on it, maybe...depends on what will I actually get.

I switch a lot with the GPUs, not with the CPU. It's almost 100% bittube. Soon, it "was".

[RyanPo]

I hope this project grows well and excellent! Wondrous website, thoughtful plan, absorbing idea.

[Neoony]

If this fork happens it will not disrupt the purpose of TUBE? Which is to reward content producers and  they choose the cryptonight algorithm precisely because it gives everyone access to sustainable mining! Are TUBE prices currently reflecting this uncertainty and disapproval of some? Does anyone know when there will be coin halving? At this rate it will be difficult for TUBE to get some added value, because the adoption of its platform is not complete and still with these uncertainties... Well, some black months for TUBE is approaching.

Here is some info that should explain the plan with airtime [airtime will be done at 110k height, but "activated" at 140k height]
https://coin.bit.tube/announcements/change-rewarding-distribution/

Goodbye views, hello Airtime.

We want to establish BitTube as a video platform that benefits everyone involved, and for that reason, we are changing the reward distribution mechanism of BitTube.

Upcoming changes to the reward distribution mechanism.

Currently, video publishers get 90% of the coins generated by the viewers, who are mining in direct competition with professional miners. Under the current model, viewers are able to generate only a tiny fraction of the newly mined coins, hence the publisher’s revenue is very small.

The new distribution system will be more balanced, and it will create additional earning potential for the publishers and for the viewers too.

We plan to reserve a fixed 30% of each new block reward specifically for rewarding publishers and the viewers and to fund further development and marketing.

Currently, our reward is 454 BitTubes [TUBE] per block, and a new block is created every 2 minutes on average. When the new distribution will take place, 30% of that reward (136 BitTubes) will be distributed as follows: 70% to the video publishers, 20 % for the viewers, 5% for maintenance and continuous development. The remaining 5% will be accumulated for marketing purposes, fees for listing on new exchange and airdrops.

Here is roadmap: https://www.reddit.com/r/BitTube/comments/8lktiw/development_roadmap/
Here is faq: https://www.reddit.com/r/BitTube/comments/8lk12r/faq_frequently_asked_questions/

[PainKiller1986]

I'm not very happy with the coming fork, that's a huge difference with my CPU which I'll use for another crypto.

Me too, i'm mining with xeon cpu and with CN Heavy i have very low hashrate, near to 35% to CN7 coins

[josebcn]

New Wallet Available!   


https://twitter.com/BitTubeApp/status/1012477909007781888

https://medium.com/@Bit.Tube/the-new-bittube-wallet-like-going-from-ms-dos-to-windows-e7b42384d01d

[LazarovskiK]

Brilliant blockchain solution. Can see this being the antithesis to youtube where everyone gets paid!