[ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue

[OcTradism]

Hello all, i'm newbie for BitGesell. Can someone help me ?

I need to install my wallet, but it doesn't sync within hours. Please consider it, thanks so much

First, welcome to this topic and it is good to have one more participant as well as one more investor.

Second, let's try to config your console.
Windows to Console.
Type as follows

Code:

addnode 206.189.134.53:8454 add
addnode 139.59.213.193:8454 add
addnode 91.198.220.48:8454 add
addnode 193.122.150.155:8454 add
addnode 89.38.99.123:8454 add
addnode 23.111.202.71:8454 add
addnode 195.133.53.221:8454 add
addnode 212.71.233.254:8454 add
addnode 92.223.109.37:8454 add
addnode 157.245.111.90:8454 add

Close your wallet and re open it.

[1715679438]

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[1715679438]

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[1715679438]

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[1715679438]

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[EmmaWu]

Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-05-17
Total network nodes: 233
bgl1q7prt03j3xmfhk86jqcp5z3em38h08nnyu660ah
bgl1qhtt9s57ud8xhwah273km7u0xy6nl2wfzjcnn5g
bgl1qhmmljln8dfgh2esndh4evmddtwq6jcf26tmx4y
bgl1qrlkjfw7gzuyczc9z4hzx9tj44j0aahtpuwwg4m
bgl1qvs3afd5e4h9wh3kvzdtd7mxqycyj7hk7awqp9v
bgl1q5rcy283wmqjnqk7s0kcslxyjf70t0jtg28t07e
bgl1qwfx3xc2knnpzu76n0gdqagyjkk8y436udkfu78
bgl1qdlwkyqezxa8gk06hvrklzsvlpnwhg75zmtm3p0
bgl1qs309l0w3cplgxcgqp7nye5qarfk83axu2s3s6j
bgl1qpau2ff7zu070fr3rgwjtrsd5jv4y0whsjcxg59
bgl1qenu05t3dyrp8njf6f9h6a6v7k6n885wzmnh57s
bgl1q6kr0cw5340x3fymr292kh9wymjk987yc92je5p
bgl1q2e8xd33da8ru209gs66wgcls6evmuwfl0y049c
bgl1qnuczplsf3mkan3pkx5rmt86d34pl45urx33ga5
bgl1q5ea290czvqrhmyufhemlgh25zzef2h5t2fcjpz
bgl1qq03mpxt5epavcpzsvcruktxh9gvwc6j4lg77rs
bgl1q0529nz8vg8fwqmpc32hqzsjca0zn5ju5at58re
bgl1qewf8g85y7apjehe7dnfy9r95t4vjpl7et6xnc2
bgl1qx33e4ztmhcu0es93hzz2q46hfcwdk5std58u9t
bgl1qux3rsswva957nvzpe6mq0rext2y34auhjj70t6
The reward is 440 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block # 59621
2021-05-17 06:14
The address bgl1qvapfvztjp5yzpkvvcwppeqn88qvtr6fj0vxscw (107319 transactions).
The reward is 2200 BGL

Reward txid is  2b447a408a1f210a0be7493f53f242a50ef92d9e658b9e562e36e2fd2444945f

[Jumanji Dev]

Keep it up! Rewards look awesome!!!

[OcTradism]

With this great initiative as I suggested long time ago, Emma have tried to contact Whattomine and I wish they will accept to list this coin on Whattomine soon.

Hi fredeq, whattomine.com is such a great website!
Could you please add Bitgesell (BGL) coin (Keccak algo)?
The thread is here just in case https://bitcointalk.org/index.php?topic=5238559
You have hotbit filter, it's on hotbit https://www.hotbit.io/exchange?symbol=BGL_BTC and DigiFinex https://www.digifinex.com/en-ww/trade/USDT/BGL

Hotbit exchange is back but I would prefer to recommend two exchanges for possible listing with their Listing Application Forms.
- MXC exchange
- Trade Ogre exchange

[DarkArrow]

Hello, you mentioned that:

Block Reward = nFees*0.1 + GetBlockSubsidy()    // Burn rate is 90% of tx fees

I tried something similar and it doesn't work.

CAmount blockReward = nFees / 2 + GetBlockSubsidy(pindex->nHeight, chainparams.GetConsensus());

I can't mine anything with that modification, it gives an error in the cli:

CreateNewBlock: TestBlockValidity failed: bad-cb-amount (code 16)

And on the daemon side, the error is:

ERROR: ConnectBlock(): coinbase pays too much (actual=10000022500 vs limit=10000011250)

Is there something else that needs to be modified to make the fee burning work?

[EmmaWu]

Hi guys, new article from our community member @Mihawk https://www.publish0x.com/zoro-disciple/do-you-know-bitgesell-bgl-xjmnvxz

[my luck]

Some digits to analyze.

Preliminary figures:

• Cost of 1 TH for Keccak algo per day ~ 0.0006 BTC/TH/DAY (nicehash data)
• Net Hashrate 51.03 TH/s
• Approximate quantity of mined coins per day 14,400 BGL

That is, the cost of the entire network per day 0.0006 * 51.03 = 0.030618 BTC ~ $1,224
Cost of the one coin production $1,224 / 14,400 = $0.085

I see that the hashrate of the network has been increasing recently. Thus, I point to the direct interest of the miners to own this coin. More than half of the coins have already been mined and the race continues.

[FutureBitcoin]

Thus, I point to the direct interest of the miners to own this coin.

Yes, these digits are correct. Then why those who accumulate coins by mining just not buy them on the exchange for 4 cents?

[my luck]

Thus, I point to the direct interest of the miners to own this coin.

Yes, these digits are correct. Then why those who accumulate coins by mining just not buy them on the exchange for 4 cents?

Because the market is very poor and those who want to can not buy a large number of coins so as not to greatly increase the price. There is a smooth gradual accumulation. I think you can guess why.

[Questat]

Thus, I point to the direct interest of the miners to own this coin.

Yes, these digits are correct. Then why those who accumulate coins by mining just not buy them on the exchange for 4 cents?

Because the market is very poor and those who want to can not buy a large number of coins so as not to greatly increase the price. There is a smooth gradual accumulation. I think you can guess why.

No, they can always buy as much as they want, the demand will increase, the price will rise. Hotbit has millions of volume, if there's really a demand then we would see that the trading volume of BGL will also increase. The thing is, BGL is still in the early stage and exchanges are not liquid enough to expect a huge volume, this also affects the decision of the traders.

[my luck]

Thus, I point to the direct interest of the miners to own this coin.

Yes, these digits are correct. Then why those who accumulate coins by mining just not buy them on the exchange for 4 cents?

Because the market is very poor and those who want to can not buy a large number of coins so as not to greatly increase the price. There is a smooth gradual accumulation. I think you can guess why.

No, they can always buy as much as they want, the demand will increase, the price will rise. Hotbit has millions of volume, if there's really a demand then we would see that the trading volume of BGL will also increase. The thing is, BGL is still in the early stage and exchanges are not liquid enough to expect a huge volume, this also affects the decision of the traders.

The market is empty. You can buy about only 60k BGL coins and you will have to pay $1 per coin. Therefore, most of the day's trading is occupied by bots trading. This is DigiFinex data...



... for Hotbit volume of the Sell glass is the same.

[OcTradism]

No, they can always buy as much as they want, the demand will increase, the price will rise. Hotbit has millions of volume, if there's really a demand then we would see that the trading volume of BGL will also increase. The thing is, BGL is still in the early stage and exchanges are not liquid enough to expect a huge volume, this also affects the decision of the traders.

Early stage, that is correct. If you actually install the Bitgesell wallet on your computer and sync it. You will notice in recent weeks, it takes more time to sync your wallet. If you sync its from genesis block, you will see the difference. It is possibly a signal for the network growth (not imply about network hashrate) and more transactions, adoption for Bitgesell.

Liquidity on exchanges, I believe we will see its growth more visibly. Buyers want to buy but want to bargain for cheap price. Sellers don't want to sell with low prices that they think as undervalued.

Sometimes, buyers and sellers will meet with each other in demand. 

[Murat]

The market is empty. You can buy about only 60k BGL coins and you will have to pay $1 per coin. Therefore, most of the day's trading is occupied by bots trading. This is DigiFinex data...

Only 21M coins, one tier 1 exchange can move the market to ATH!

BGL in Diamond hands!

[OcTradism]

BGL in Diamond hands!

Diamond hands, please shill it to Elon. 

That guy has big interest with hidden germ.

Only 21M coins, one tier 1 exchange can move the market to ATH!

MXC exchange can be a good start as preparation for Tier 1 exchange. I witnessed many small cap hidden germs listed in MXC and then went directly to Tier 1 exchanges.

I saw the community manager, Emma contacted Whattomine and it is a good initiative. Miners will join more and make the network stronger, healthier. Things will come naturally.

[Eddyc]

The art of consecrating himself as king...


https://steemit.com/bitgesell/@eddyc/bitgesell-the-art-of-consecrating-himself-as-king


Good reading friends,

[icopress]

[...]

Can someone fill me in on the details of the hype? Since recently quite a lot of people have become interested in this little-known coin, (apparently I'm missing something).

[Questat]

[...]

Can someone fill me in on the details of the hype? Since recently quite a lot of people have become interested in this little-known coin, (apparently I'm missing something).

I guess it's more on the supply of this coin, it's only 11,007,978.84 BGL circulating supply and the price is currently at 0.04 USD.. if Elon could pump DOge with billions of supply, then at least BGL could get $1 at a very minimum anytime, and more so once it's listed in bigger exchanges.

[icopress]

I guess it's more on the supply of this coin, it's only 11,007,978.84 BGL circulating supply and the price is currently at 0.04 USD.. if Elon could pump DOge with billions of supply, then at least BGL could get $1 at a very minimum anytime, and more so once it's listed in bigger exchanges.

I'm pretty sure that making such conclusions based on a comparison of the total/circulating supply and the current price is a crappy decision, (especially considering that the cmc displays thousands of the same shitty coins with the same parameters). Therefore, my first question remains valid ... and by the way, since when is HotBit a top exchange?

[Slow death]

The market is empty. You can buy about only 60k BGL coins and you will have to pay $1 per coin. Therefore, most of the day's trading is occupied by bots trading. This is DigiFinex data...

Only 21M coins, one tier 1 exchange can move the market to ATH!

BGL in Diamond hands!

the biggest obstacle is in listing BGL on many other exchanges, I don't know what is the current criterion that big exchanges like kucoin, Binance, Huobi Global, Okekx, Bittrex and poloniex. But there are many other alternatives like:

Liquid

ZB.COM

BigONE

ProBit Exchange

BitForex

HitBTC

[OcTradism]

the biggest obstacle is in listing BGL on many other exchanges, I don't know what is the current criterion that big exchanges like kucoin, Binance, Huobi Global, Okekx, Bittrex and poloniex. But there are many other alternatives like:

Liquid

ZB.COM

BigONE

ProBit Exchange

BitForex

HitBTC

Do you know the common listing fee on exchanges nowadays?

Tier 1 and lower Tier exchanges. I hope that exchanges don't charge too expensive listing cost.

If possible, the community can consider to contribute to the listing pool for this project. One person can not help but if the community do together, the listing pool will have good fund.

Generally, contributions will bring win win situations for all participants in the pool.

The team can run a contest with it too. Contributors will have records for their donation amount. If the listing process goes well and the price after listing is a big successful, top contributors will be rewarded with some awards.

50 BGL now can have same value of 10 BGL after a big successful listing. I think it is fair enough if 50 BGL contributor will be rewarded back with 5 BGL award.