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

[surasak]

BSX will fork because asic dominance... or will stay the same nist5 algoritm?

   fork it +1

Yes. There will be another fork soon.

We will end POW mining at block 200 000.

Since there will be no POW distribution anymore.
We will also extend POS interest a bit higher and distribution will continue only via proof-of-stake protocols. BSX will be soon pure POS.

Please reduce the POS interest per year to have less supply to stop inflation in the future.

    +1 for this subject also less supply more demand

[BryanX]

Thank you! fork to save the coin project.

[gawlea]

BSX will fork because asic dominance... or will stay the same nist5 algoritm?

   fork it +1

Yes. There will be another fork soon.

We will end POW mining at block 200 000.

Since there will be no POW distribution anymore.
We will also extend POS interest a bit higher and distribution will continue only via proof-of-stake protocols. BSX will be soon pure POS.

Please reduce the POS interest per year to have less supply to stop inflation in the future.

   +1 for this subject also less supply more demand

I told them to either have a total supply or reduce POS interest per year to have less supply, like you said "Less supply more demand", but they did not listen.

This is not true, that "Less supply = more demand" I know a coin which is very hot right now just because it have 50% interest and have a circulating supply of 25 billions, why, just because almost all the POS coins out there have 5-10% which is good for inflation but doesn't attract investors because is not worth staking. You'll say "yes but if more coins will be produced the more coins people will sell" again you are wrong because people are greedy and the more they have and more they stake, the more they want to have, to get even more. If you'll change the POS to let's say 5% people and the coin is pure POS than people will loose interest as I saw in others projects and they was forced to introduce masternodes to make people happy which will lead to the same infaltion you are talking about with higher costs (more coding, more money to exchanges as you'll need a new chain, etc..). Just my 2 cents!

P.S. Exactly the 50% interest made me buy some BSX as I invest only in POS coins with 25%+ interest and never fail to make very nice profits. You'll say "Aha, you are greedy too" no, I just bet on the greedy nature of the people involved in crypto. I don't even stake the coins I buy and I just hold them until I make at least 10x profit which in this case BSX will need to reach around 400 sats.

[JcJet]

There's an optimal value for supply of the coins, somewhere in between too big or too low. It's not simply the lower the better.

[kiddo]

I think is something wrong with the code. I've stacked 50K coins for 3 days and I got only 4 BSX stacking 3 times which is far away from the 50%, this is something like 1% APR instead of 50%.

[AltScope]

I think is something wrong with the code. I've stacked 50K coins for 3 days and I got only 4 BSX stacking 3 times which is far away from the 50%, this is something like 1% APR instead of 50%.

yea they've known for a while pos is bugged, I informed them a few weeks ago and I was told the 50% fork would fix it though from the code it was obvious it wouldn't.

they are working on it now apparently, its either a case of stake at the pitiful rewards or hoard weight I'm afraid mate.

[gawlea]

I think is something wrong with the code. I've stacked 50K coins for 3 days and I got only 4 BSX stacking 3 times which is far away from the 50%, this is something like 1% APR instead of 50%.

yea they've known for a while pos is bugged, I informed them a few weeks ago and I was told the 50% fork would fix it though from the code it was obvious it wouldn't.

they are working on it now apparently, its either a case of stake at the pitiful rewards or hoard weight I'm afraid mate.

Well this explain the low price of the coin.

[hammz]

I think is something wrong with the code. I've stacked 50K coins for 3 days and I got only 4 BSX stacking 3 times which is far away from the 50%, this is something like 1% APR instead of 50%.

yea they've known for a while pos is bugged, I informed them a few weeks ago and I was told the 50% fork would fix it though from the code it was obvious it wouldn't.

they are working on it now apparently, its either a case of stake at the pitiful rewards or hoard weight I'm afraid mate.

Yes, we working on it.

To get 50% POS interest . Small inputs works fine (1000 BSX and less).
The issue is with big inputs. We are fixing it now and running few tests under testnet. Soon there will be new source.

There will be new hardfork at block 200 000. POW willl end. POS will be fixed +  switched to 200% interest per year.
At block 200 000. At the end of POW there will be 13 M BSX in existence.
200% interest will last until block 1 000 000. After 1M blocks BSX will be autoswitched to 10% interest per year forever.

We decided to end POW and move further distribution into POS.

Also good news for those who are not at Discord.
BSX cryptocurrency exchange will be launched until end of this month.
Exchange itself will need some time to grow.  BSX will be used as a primary payment.
Vote list for adding new coins will be created and voting will go via BSX.

[davidkakeko]

total suply of coin Bitspace
I do not see this information in the topic and website

[may142012]

total suply of coin Bitspace
I do not see this information in the topic and website

After POW ends, POS will take over, and there will be around 13 to 15 millions of Bitspace at that point.

[StyleForceOne]

my wallet stake but its not syncron... 3800 blocks remaining.. since 2 days i think...

[dxc511]

anyone mining this? will it be a good choice? thanks 

[AltScope]

anyone mining this? will it be a good choice? thanks 

depends if you've got an asic I guess. I think most of us gpu miners have moved to other algo's now.

[Fast_cris]

anyone mining this? will it be a good choice? thanks 

depends if you've got an asic I guess. I think most of us gpu miners have moved to other algo's now.

I moved to other coins... for gpu mining its not profitable anymore...

[StyleForceOne]

anyone mining this? will it be a good choice? thanks 

if you have a baikal miner then yes .. if you have gpus then unfortunately not .. in the beginning there was for my 3 nvidia 1000 BSX now only in the 2-digit area ..

[Egger]

Yep, GPU mining for nist5 algo is over...
Also for BSX, stopped mining, too as asics flooded...
I'm rly sad... 

[may142012]

anyone mining this? will it be a good choice? thanks  

depends if you've got an asic I guess. I think most of us gpu miners have moved to other algo's now.

I moved to other coins... for gpu mining its not profitable anymore...

Do you all know any algo that is truly asics resistant? If so, you should tell the developers may be they will change their mind to switch algo, there is still time and they are welcome any suggestion from the community.

Yep, GPU mining for nist5 algo is over...
Also for BSX, stopped mining, too as asics flooded...
I'm rly sad...  

We still have POS, why's sad?

[tvance929]

In this era of awesome Bitspace staking percentages... I just threw up a quick video on how to increase your POS reward chances with Bitspace!

https://youtu.be/uIsdQjvTysM

[Egger]

Yep, GPU mining for nist5 algo is over...
Also for BSX, stopped mining, too as asics flooded...
I'm rly sad...  

We still have POS, why's sad?

Right, but i'm "sad" i couldn't mine the coin any more (effectively).
Still loving the POS and looking forward to a good future... 

[kiddo]

Any news about the POS reward fix guys?