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Author Topic: 🚀[ANN]|[BSX]Bitspace🚀|⚡| POW is over|⚡|POS 5% annually|⚡| Own exchange soon  (Read 11811 times)
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hammz (OP)
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April 06, 2018, 02:49:20 PM
 #181

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
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April 06, 2018, 03:13:54 PM
 #182

which wallet do i need to use for pos ?

i assume the software wallet in my case windows ?
nostromo
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April 06, 2018, 03:28:56 PM
 #183

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
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April 06, 2018, 05:13:37 PM
 #184

What is the max supply of this coin?
may142012
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April 06, 2018, 07:53:22 PM
 #185

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
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April 06, 2018, 08:03:35 PM
 #186

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 (OP)
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April 06, 2018, 08:38:45 PM
 #187

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
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April 06, 2018, 08:43:57 PM
 #188

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 (OP)
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April 07, 2018, 06:05:54 PM
 #189

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
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April 07, 2018, 06:27:14 PM
Last edit: April 07, 2018, 06:49:59 PM by nostromo
 #190

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
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April 08, 2018, 07:40:29 AM
 #191

BSX is lookin good. Mine it while it gives fat coin payouts.
Fast_cris
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April 08, 2018, 09:36:37 AM
 #192



agree.. at 120k difficulti will ingreese to mutch?
Egger
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April 08, 2018, 11:43:08 AM
 #193

Mining difficulty has jumped quite high now...
Good sign?  Wink
But not for my (mining) income  Grin
doubledata
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April 08, 2018, 02:49:45 PM
 #194

50 minutes without POW block, only POS. Something is strange here!
hammz (OP)
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April 08, 2018, 03:45:26 PM
 #195

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
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April 08, 2018, 04:14:06 PM
 #196

POW diff. is high.
How long until block 120 000? And what will change?
MindFunk
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April 08, 2018, 04:27:56 PM
 #197

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
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April 08, 2018, 05:51:36 PM
 #198

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
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April 08, 2018, 08:02:41 PM
 #199

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
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April 09, 2018, 12:01:09 AM
 #200

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
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