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Author Topic: [ANN] BonusCoin (BNS) 8 Exchanges|Bonuses|Multipool|PoS Soon|SHA256  (Read 94575 times)
portice
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April 24, 2014, 12:09:33 AM
 #881

I have a humble question for my fellow miners. I have been mining for a while now ( two months or so) and have slowly built my asic mining force. I combine most of my workers since most are small or medium sized. I do have one nice 30 GH. So my question is:
Is it better to have more workers with smaller GH/s or less workers with bigger GH/s?

Any help would be appreciated. Thanks
shaggy

It all averages out, so doesnt matter
shaggy_scout
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April 24, 2014, 12:17:42 AM
 #882

I have a humble question for my fellow miners. I have been mining for a while now ( two months or so) and have slowly built my asic mining force. I combine most of my workers since most are small or medium sized. I do have one nice 30 GH. So my question is:
Is it better to have more workers with smaller GH/s or less workers with bigger GH/s?

Any help would be appreciated. Thanks
shaggy

It all averages out, so doesnt matter

Okay, thank you.
IYFTech
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April 24, 2014, 01:37:19 AM
 #883

Any plans to make this coin merge mineable with p2pool?

Cheers  Smiley

-- Smiley  Thank you for smoking  Smiley --  If you paid VAT to dogie for items you should read this thread:  https://bitcointalk.org/index.php?topic=1018906.0
bonuscoin (OP)
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April 24, 2014, 01:07:19 PM
 #884

Any plans to make this coin merge mineable with p2pool?

Cheers  Smiley

A couple of the guys here are looking to put up a P2Pool..

I'm willing to offer out a 25,000 BNS bounty if anyone wants to get one up.  (Actually I'll even do 2 of those if 2 people want to do P2Pools)...

As for Merge Mining, I think one of the pools is already a merge mined pool.  But if someone wants to do a merge mined p2pool, I'll add a bount for 25,000 BNS bonus if the one of the P2Pools is also merge mining.

So, bounties are
1) for up to 2 P2Pools  (25,000 BNS each)
2) IF either of those does merge mining, a bonus of 25,000 BNS

I will speak with the other devs on this topic too..   I haven't yet been able to corral all the devs, but will do so this weekend.  However if someone want to assist before then, I'll put the bounty out and hopefully someone will push toward that goal!
bonuscoin (OP)
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April 24, 2014, 01:17:50 PM
Last edit: April 24, 2014, 01:55:22 PM by bonuscoin
 #885

Also, I got this tweet this morning.

Figured you guys would like it.

Get to mining Smiley
https://twitter.com/Fotos_Eternity/status/459243276630245376
bonuscoin (OP)
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April 24, 2014, 02:55:52 PM
 #886


We were also added to Crypto Coin Rank.  (Similar to Coin Market Cap)

Check it out if you want here: http://www.cryptocoinrank.com/
masterboy
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April 24, 2014, 08:03:20 PM
 #887

5885 votes on mintpal..... go people, go voting,... you have 5 votes each hour !  Wink
sx1234
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April 24, 2014, 08:18:43 PM
 #888

5885 votes on mintpal..... go people, go voting,... you have 5 votes each hour !  Wink

I voted, we're over 5900 now!

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April 25, 2014, 12:05:47 AM
 #889

www.newcointrade.com

Today we have 1 news.

GP Project in coding, it is Jerry 1st Project. We will promote by BTC, the specific details ann next week. Please visit www.newcointrade.com for news.

--NCT team

www.newcointrade.com focus on new coin!
masterboy
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April 25, 2014, 06:15:30 AM
 #890

6067 votes on mintpal.... go to make them 7000 today... this is our coin people ..... you have 5 votes each hour, each from you can bring us 60 votes in next 12 hours...... what are we waiting  Wink
User500
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April 25, 2014, 11:50:13 AM
 #891

Hey,

sorry for this noob question:
What I have to do to solo mine BonusCoin?
Just download a bitcoin miner?
Any help would be grateful!
bonuscoin (OP)
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April 25, 2014, 03:56:54 PM
 #892

Hey,

sorry for this noob question:
What I have to do to solo mine BonusCoin?
Just download a bitcoin miner?
Any help would be grateful!

What type of rig are you mining with?
support@NCT
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April 26, 2014, 12:36:58 AM
 #893

www.newcointrade.com

Today we have 1 news.

Our 1st market 365/BTC market will going to moon! It is time to buy some 365!

--NCT team

www.newcointrade.com focus on new coin!
Nthused
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April 26, 2014, 02:21:17 AM
 #894

Time to buy BonusCoin you mean Tongue
cryptzilla
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April 26, 2014, 05:28:35 AM
 #895

Time to buy BonusCoin you mean Tongue

This.
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April 26, 2014, 12:21:20 PM
Last edit: April 26, 2014, 08:29:18 PM by bonuscoin
 #896


State of the Coin  (** our version of the State of the Union)

Major News: BonusCoin switching to Pure PoS at block 75,000

** Been informed I write books, lol.  So here are bullet points if you don't want the full update: https://bitcointalk.org/index.php?topic=524212.msg6411381#msg6411381

Or read the full update here if you want a full report on BonusCoin:

Ok, so the BonusCoin community has been asking for us to put out an update on what what's happened so far, what we've been working on over the last few weeks, and what our future plans for the coin. So, in that spirit, I've spoken with everyone involved and taken a lot of feedback from our users. As with everything, we're community oriented and your suggestions weigh heavily with us. Everything discussed has come from our community and if you guys have more suggestions, continue to bring them. We believe a coin is ultimately a product of the community, and like anything, BonusCoin needs to grow and change as the community sees fit.

So, let’s start with what we've done already!

What's happened already

We had a great launch, if we do say so ourselves.  The community invested over 130 TH/s of mining capacity, and we're proud to say that our difficulty worked exactly as planned.  Rather than doing what most coins do (i.e. dumping out 50 times what they are supposed to at launch), BonusCoin released exactly what it was designed to.  As a result, our faithful miners didn't get crushed on day one by fly by night miners.  After our custom difficulty algorithm finished its job, KGW kicked in, and stabilized the difficulty.

Everything has run smoothly since launch, with the only real hiccup being a potential time-warp exploit in the KGW algorithm. It was patched within a week, and in the process we invented an entirely new form of forking for coins that we've label “soft forking.” We believe it went pretty smoothly, and the developers tell me that the logic they designed has already been showing up in other coins. We also corrected a few minor bugs that we noticed at launch. We've been stable otherwise.

We think we've begun building a great community, we're glad to have a lot of people who joined us at launch still with us, and working toward our next plans.

What's going on now

Currently, we have over 10 pools supporting the coin, and are currently trading on 7 exchanges.  We've also  broken 6000+ votes on MintPal (which we think is pretty amazing).  And, as we're sure you're all aware, we're working on getting listed on both Cryptsy and CoinedUp. We've had a lot of great support from you all pushing for the listings, so thanks to everyone who's helped! We've been receiving positive feedback from the exchanges, and we hope to get listed for voting soon.

BonusCoin has also had great adoption in the crypto-community at large.  With listings on CoinMarketCap.com, CryptoCoinRank.com, Gravaco.in, cryptocoincharts, crypto-prices.com, and many more I'm sure I'm forgetting, we’ve been very happy with the expansion into the larger crypto currency infrastructure. Of course, there are also several games, faucets, block explorers, and a paper wallet have all been built for the BonusCoin community to support this coin! And we can't forget to mention our forums, reddit and twitter support!

With all that said, we're always looking to expand further and constantly working to market BonusCoin to new adopters in this building phase of the coin.   Full adoption takes time, but were very happy with how it’s gone so far! As we said earlier, we take our community feedback seriously, and we've been listening to your suggestions. Based on your input, our developers have been focusing on a few changes that we think everyone will like.  The dev team has been working on developing a new wallet which brings us to, what’s next for BonusCoin.

What's coming next (here's where it gets interesting)

Before we get to all the details, I need to give you a little bit about how this was decided.  SHACoin (which collapsed brilliantly this week if I don't say so myself) has been having problems over the last month. During the initial problems, the SHAcoin community members approached us and asked us to fix their coin and replace the original developers.   We politely turned down the offer, as we were devoted BonusCoin and our community.  It did however lead us to start thinking about PoS in coins, how few solid SHA256 ones there were, and how that could benefit both our current miners and investors, as well as, our future miners and investors. As the SHACoin drama continued we also got several requests from the BonusCoin community to move the coin toward a PoS model as well.  

** Most of you probably know already that PoS stands for Proof of Stake.  Pure PoS coins are designed to basically pay interest on currently owned coins after a period of time.   Mining periods are limited to the initial phase and then coin expansion only occurs via Stake.**

So, our devs began testing a few weeks ago to see if this model could fit inside of BonusCoin.  After looking into it they decided it could and have been working on converting BonusCoin into a stable PoS coin. To say that they're sticklers for details would be an understatement.  

We were going to hold off on announcing this until after we had fully completed the wallet and were ready to publish, but with SHACoin's collapse and the community asking about our plans we felt it was now time to announce.

So, in line with the community desires, and to fill the need for a Solid PoS SHA256 coin, we've decided to change the structure of BonusCoin at block 75,000 (We're currently around 22,000).  Everything will stay as is until that block (approximately 2-3 months more of full mining time) then the coin will switch to pure PoS.  We have yet to decide the PoS percentage to be paid yearly, but were thinking from 1-5%. We've also considered reducing it over time. This should amount to a reduction in the overall coins minted from 2.5 Billion to 420+/- Million at block 75,000, plus expansion via stake over time (minus transaction fees of course).

We think this should have very positive effects both for our miners and investors.  The coin will only be minable for a reduced period of time, so our miners will get maximum value for the next few months and our investors will have a good opportunity to get in and benefit from the long term stake creation.  After the mining period ends our miners can move their rigs on to other coin and continue to grow their BonusCoin value via stake and our investors / traders will get a nice long term benefit to joining into our community as well.

This all fits hand in hand with our long term objective of building a commerce model around the coin too.  With the coin at its current low pricing, it needs more investors and traders, and less coins so it can get to the larger exchanges, build volume and build usage in commerce.  All of this will occur with this basic change!

We debated a lot about the impact of changing the coins structure, but in the end we realized that the only people it could possibly hurt were dumpers and those who had no faith in BonusCoin, our commitment, or our community. We decided that was alright by us. They sold early and got the prices they wanted, for anyone who had faith, we believe this decision will ultimately benefit you, as has always been our intention.

**And before anyone asks, yes, we're still working on the merchant frameworks, but we wanted to get the coin moved over to PoS first and then we'll return to getting the merchant frameworks finished**

What we need from the community

First off we want to thank everyone for their support! You all have been amazing.  As I said a moment ago, we're aware that everyone may not like this change, but based on the comments we've received the majority will.  Please feel free to express any opinions on this.  Ultimately, it's your coin so if you like or dislike this direction, please speak up! We want your feedback, that's why we watch these forums.

Secondly, we'll need some beta-testers willing to help us with the new wallet when it's ready for final testing in the coming weeks.  If you're willing to help with that, please let us know.

Third, we would really like everyone’s input on the stake percentages.  We’ve been thinking between 1-5% and maybe declining yearly to 1% min.  Any opinions will be helpful in making that determination.

Finally, I know it's been said before, but if anyone has any additional ideas, please post them.  It's been said that no idea is a bad one.  That's bullshit of course, but we don't bite, and you never know when something crazy comes out amazing. We're all ears, and we want to keep you all happy.


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April 26, 2014, 07:39:47 PM
 #897

Long post, but an interesting read. I've been following a few PoS coins, so I'm looking forward to the changes. As I figured, you all are continuing to innovate.

BONUSCOIN!
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April 26, 2014, 07:43:19 PM
 #898

State of the Coin  (** our version of the State of the Union)



Thanks for the update.  Verfy glad I held on to my BNS all this time.  Gonna get some more now   Grin

“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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April 26, 2014, 08:01:47 PM
Last edit: April 26, 2014, 09:37:54 PM by bonuscoin
 #899

In taking with the whole community suggestions.  We had one that our Post was "like a novel" and we ought to give a bullet point version.  Lol

So, here goes.

If you want details, reference: https://bitcointalk.org/index.php?topic=524212.msg6405577#msg6405577

  • Community asked and so we're doing it.  We're switching to PURE PoS after block 75,000.  Everything will stay the same until then, so keep mining and trading - Wallet and Soft fork information will be provided well before it's needed.
  • Switch to Pure PoS will occur in about 2-3 months, Mining will continue until then as it is.
  • Total Coins will be reduced from 2.5 Billion to approx 420+/- million, plus stake.
  • BonusCoin has come a long way, got 7 exchanges, games, paperwallets, large community adoption etc.
  • Broke 6000+ votes on MintPal already, working on Cryptsy and CoinedUp.
  • We need beta testers for our new PoS system, please tell us if you want to help
  • PoS Percent is not yet defined, please give us opinions on this if you have any.  We're thinking between 1-5%?
  • Of course the basics about how great the BonusCoin community is
  • We are still working on Merchant additions, but the PoS change will take priority right now

That's the basics, there is a LOT more in my Novel Smiley  But, if you prefer not to read it that't the basics..
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April 26, 2014, 08:24:17 PM
 #900

State of the Coin  (** our version of the State of the Union)



Thanks for the update.  Verfy glad I held on to my BNS all this time.  Gonna get some more now   Grin

Thanks.  We really think this will be good for everyone going forward.
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