🚀[ANN]|[BSX]Bitspace🚀|⚡| POW is over|⚡|POS 5% annually|⚡| Own exchange soon

[hammz]

when mining i have to do something in the wallet to receive rewards?... like unlock wallet..or i have to do nothing?...

Wallet have to unlocked for staking.

i have to have my wallet 24/7 online to receive POS?

Nope. You can open wallet after many weeks/moths . You will always recieve equal POS reward based on your coinage.

[freemanmine]

which wallet do i need to use for pos ?

i assume the software wallet in my case windows ?

[nostromo]

which wallet do i need to use for pos ?

i assume the software wallet in my case windows ?

Yes. Use windows wallet. (if your os is windows)

[tvance929]

What is the max supply of this coin?

[may142012]

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

[tvance929]

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere.   The first page says that POS will continue 'forever' which cant be right and scares me.

[hammz]

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere.   The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10%  interest per year forever.

First year      = 25 M (up to block 1 000 000)
Second year  = 27.5 M (+10%)
Third year     = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

[tvance929]

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere.   The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10%  interest per year forever.

First year      = 25 M (up to block 1 000 000)
Second year  = 27.5 M (+10%)
Third year     = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

Thank you seriously for that explanation... If you are so inclined, can you explain how this wont affect value since there seems to be a never ending amount? 

I mean, it's a unique way of doing it and I like the idea ( big fan of 10% POS ) ... but I just worry about the fact that it will grow by 10% every year... I know it will be diminishing as people spend and dont stake.   Hmmmm...  breaks my brain just trying to understand the implications.

[hammz]

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere.   The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10%  interest per year forever.

First year      = 25 M (up to block 1 000 000)
Second year  = 27.5 M (+10%)
Third year     = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

Thank you seriously for that explanation... If you are so inclined, can you explain how this wont affect value since there seems to be a never ending amount? 

I mean, it's a unique way of doing it and I like the idea ( big fan of 10% POS ) ... but I just worry about the fact that it will grow by 10% every year... I know it will be diminishing as people spend and dont stake.   Hmmmm...  breaks my brain just trying to understand the implications.

Once POW will end. You will not be able to mine with GPU miners anymore. (inflation will fall from 10.000% to 10% only)
New coins will be generated only via staking. Only holders will be able to generate new coins. This situation will bring uptrend in value.You will see.

[nostromo]

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere.   The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10%  interest per year forever.

First year      = 25 M (up to block 1 000 000)
Second year  = 27.5 M (+10%)
Third year     = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

Thank you seriously for that explanation... If you are so inclined, can you explain how this wont affect value since there seems to be a never ending amount?  

I mean, it's a unique way of doing it and I like the idea ( big fan of 10% POS ) ... but I just worry about the fact that it will grow by 10% every year... I know it will be diminishing as people spend and dont stake.   Hmmmm...  breaks my brain just trying to understand the implications.

Once POW will end. You will not be able to mine with GPU miners anymore. (inflation will fall from 10.000% to 10% only)
New coins will be generated only via staking. Only holders will be able to generate new coins. This situation will bring uptrend in value.You will see.

Until block 120 000 there are around 130 k new BSX generated every day (POW reward 100 bsx per block+ POS mining 10% interest per year)

After block 120 0001 there will be generated max around 80 k new BSX every day (POW reward 50 bsx per block+ POS mining 50% interest per year)

After block 450 010 when POW will end..... There will be generated only around 25 K BSX per day.  (Only POS generates new coins with reward 50% interest per year)

And after block 1 000 001 when POS will be autoswitched back to POS 10% interest per year. There will be only around 5 K BSX generated every day.

[BryanX]

BSX is lookin good. Mine it while it gives fat coin payouts.

[Fast_cris]

agree.. at 120k difficulti will ingreese to mutch?

[Egger]

Mining difficulty has jumped quite high now...
Good sign? 
But not for my (mining) income 

[doubledata]

50 minutes without POW block, only POS. Something is strange here!

[hammz]

50 minutes without POW block, only POS. Something is strange here!

Check blockexplorer for proper research.

All is fine. Last POW block was generated  1 minute ago. (block 109993)

[matheson123]

POW diff. is high.
How long until block 120 000? And what will change?

[MindFunk]

POW diff. is high.
How long until block 120 000? And what will change?

3-4 days. POW reward will drop -50%. POS reward will go up x5.

[BryanX]

We are at 110k block, almost there! And uh the difficulty shot up with less miners? Is there a big pool out there im unaware of besides hash4life that made the diff go so high? mining payouts are not so sexy anymore versus the same price the coin has stayed at 0.000000529ish.

[doubledata]

We are at 110k block, almost there! And uh the difficulty shot up with less miners? Is there a big pool out there im unaware of besides hash4life that made the diff go so high? mining payouts are not so sexy anymore versus the same price the coin has stayed at 0.000000529ish.

There are few more addresses which took part of a mining reward. You can check that in explorer. Hash4life has approximate average 30% share for last 20k blocks.

[may142012]

We are at 110k block, almost there! And uh the difficulty shot up with less miners? Is there a big pool out there im unaware of besides hash4life that made the diff go so high? mining payouts are not so sexy anymore versus the same price the coin has stayed at 0.000000529ish.

How's about holding your coins instead of selling for 50 sats? Duh