[XBN] Bitnote: the secure, private, untraceable CryptoNote based Cryptocurrency

[xbn-project]

Looks like the 2 pools are on different block heights.  I've checked to make sure LAB Binary Mining's pool wallet is getting paid and it is.  Our wallet is sending money out to the miners successfully.  Not sure if the other pool is at fault or if its our pool or the coin.  Please take a look at it for us.

-Xav

It does seem that bitnotepool.ga has forked, i will message the operator. Thanks for the heads up.

[whatsthepoint]

the low supply alone makes this coin attractive

but also, in spite of the source-code only release, you can tell by looking the github (https://github.com/xbn-project/bitnote) the devs have a sense of what is the cryptonote blockchain, as they already have made some improvements.

in other words this doesn't seem to be just another stale fork
maybe it's in the league of TurtleCoin (active devs), SUMO, Monero, etc.

[osamadeep]

reserved

[cleder]

reserved

for what? windows wallet? 

[vizord]

Max Supply: 12 million
Premine: 1 million
 
why not premine: 11 million??? 

[whatsthepoint]

the network hashrate has been very low with no released binary wallet in any event, so it's going to be very profitable to mine, when the binaries come out (which should be today or tomorrow, I guess)

[cleder]

the network hashrate has been very low with no released binary wallet in any event, so it's going to be very profitable to mine, when the binaries come out (which should be today or tomorrow, I guess)

cannot be very profitable if it has no value 
no devs reaction for long time, probably gone away create some next shitcoin

[JohnAGoodBoy]

You probably dont know how the market works... this things need time

[cleder]

I thought that it need a functional product.
Time is enough?

I'll create new currency, with pool, with working windows wallet and your job will get it to exchange.
We will wait for some time and we will be rich. Is it so easy? If yes, give me a name for new coin.

[whatsthepoint]

I love the fact that the coin has built-in NiceHash difficulty attack mitigation built-in from the start, whereas many Cryptonote coins have been repeatedly pulsed/targeted before they implemented any type of defense.

See TurtleCoin for reference or Alloy... they suffered a lot from NiceHash attacks before they did anything. So a lot of the supply is from successful NiceHash pulse.

What is a NiceHash attack ? Well basically, a "Nice" Hasher is somebody who launches a distributed high-energy hashing commando operation on a given network. This operation will account sometimes for 50%+ of the total network hash. NiceHashers will be spiking the difficulty eventually, but in the mean time, they profit from the lag in difficulty retargeting. When difficulty spikes at last, a NiceHasher leaves the network. Difficulty remains high for a long time for "normal" miners. And when difficulty is normal again, a NiceHasher can launch a new difficulty attack.

NiceHash attacks also tend to disrupt the blockchain by creating unwanted forks, forcing pools offline. This means more work for the devs and pool maintainers and can also disrupt the pool ecology.

It's also a concern for the community of the coin, because normal miners feel left out and abused by NiceHashers, who are usually very unsavory characters. I would go as far as claim that NiceHash abuse screwed not only the organic TurtleCoin (a community coin) growth, but also the community itself.

Looking forward to see where this is going to go. Love the limited supply also.

[JohnAGoodBoy]

yep , thats what attracted me to the project in the first place

[JohnAGoodBoy]

I thought that it need a functional product.
Time is enough?

I'll create new currency, with pool, with working windows wallet and your job will get it to exchange.
We will wait for some time and we will be rich. Is it so easy? If yes, give me a name for new coin.

you should understand that making a qt wallet is no easy thing no matter who you are, it will take at least 3 days of working

[whatsthepoint]

Anyone knows who runs http://bitnotepool.ga ??

[cleder]

Anyone knows who runs http://bitnotepool.ga ??

I think that DEV because pool was started 1 hour after ANN and it is the only one.
coincidence? I do not think so

What's your problem with that?

[whatsthepoint]

yeah something seems fishy, I have to say. it's not the only pool per se, but the other one (http://bitnote.labbinarymining.com/) is empty (edit : and also offline)

the pool creator doesn't seem linked to the coin creators. (he created pool for another coin as well)

however I wonder why he removed the "Estimate Mining Profits" part from the pool.

[lodyman]

thats large premine amount .., also gui wallet should be online before launch of mainnet

last comment would be what is new about this project

[whatsthepoint]

The project is alive : a fresh batch of commits tonight !

see for yourself
https://github.com/xbn-project/bitnote/commits/master !

this is shaping up to be a nice cryptonote improvement coin :-D

[xbn-project]

ANNOUNCEMENT: Upcoming Bitnote blockchain hardfork: see details below.

Confirmed Features:

• Hashing Algorithm Upgrade: Bitnote will be using our own custom CryptoNight based algorithm "CryptoNight Dark", this new algorithm is much more ASIC, botnet, rented hashrate... resistant than the traditional CryptoNight algorithm, it features an upgraded 4 mb scratch pad. (See: https://www.reddit.com/r/Monero/comments/5xfy06/why_the_asic_resistant_cryptonight_in_monero_is and https://en.bitcoin.it/wiki/CryptoNight)
• Dynamic Fees: Bitnote will be using another of our own custom algorithms that will dynamically scale to blockchain growth (Don't worry we won't pull a Bitcoin ).
• Minimum Transaction Mixin Count: Bitnote will use a preset minimal transaction mixin value of 3, for increased security. (See: http://hackingdistributed.com/2017/04/19/monero-linkability/)

Features In Debate:

• Ring Confidential Transactions (See: https://getmonero.org/resources/moneropedia/ringCT.html).
• Smart Contracts (See: https://blog.zeppelin.solutions/the-hitchhikers-guide-to-smart-contracts-in-ethereum-848f08001f05).

These features will be "activated" within the next hardfork, launch date is yet to be announced... More info regarding that is coming soon.

[kurniawanj]

HOW BOUT PREMINE?

[cecilia1]

Discord channel? It becomes a communication standard channel.