Bitcoin Forum
February 23, 2024, 06:17:19 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [Bitnet] -Hybrid and Multi-Chain Crypto that evolved into a full POW Blockchain  (Read 692 times)
btcnope (OP)
Member
**
Offline Offline

Activity: 111
Merit: 10


View Profile
November 28, 2023, 01:56:44 PM
Last edit: November 29, 2023, 06:46:01 AM by btcnope
 #1



Bitnet (BIT) - is the market symbol and short name for Bitnet.

The BIT network is decentralized and Always Available World Wide. BIT is an open-source and multi-chain; its design is public, nobody owns or controls Bitnet and everyone can take part.

What is Bitnet?

Bitnet is a hybrid and multi-chain cryptocurrency that evolved into a full Proof of Work (PoW) blockchain.[Worldwide, Efficient & Energy Friendly]Bitnet is simple to use, efficient and sustainable, it boasts of a confirmation rate higher than most cryptocurrencies, fast speeds, low fees, Dark Gravity Wave Algorithm to keep miners happy. Bitnet reaches full predictability and it becomes like mining on Bitcoin (each block holds a semi-static reward, increasing even further the fairness and security of the chain over any actual PoW system)], and is also ready for the Internet of Things (IoT) and every OS Platform.Bitnet is a decentralized and fast-growing cryptocurrency movement that was born on March 1st, 2023. Bitnet was mined (PoW-sha256) and evolved to use Dark Gravity Wave Algorithm within a few weeks. Bitnet is not a security, it never had an ICO, nor any kind of funding rounds. Bitnet is self-sustainable and is fully supported by volunteers (Just like Bitcoin). Bitnet has a total supply of 2,000,000,000 BIT and our block rewards are 10,000 BIT per block at block height 150,000 our block rewards will reduce from 10,000 BIT to 100 BIT per block to preserve the network for another 30 years.

For more information about Bitnet, please visit:
 • Website - https://bitnet-io.org/
 • Twitter - https://twitter.com/Bitnet_io
 • Telegram - https://t.me/bitnet00
 • GitHub - https://github.com/bitnet-io/bitnet-core
 • Explorer - https://bitexplorer.io/
 • Discord - https://discord.gg/tsx7EY8F2z

Buy Now:
 • https://xeggex.com/market/BIT_USDT
 • https://xeggex.com/market/BIT_BTC
1708712239
Hero Member
*
Offline Offline

Posts: 1708712239

View Profile Personal Message (Offline)

Ignore
1708712239
Reply with quote  #2

1708712239
Report to moderator
1708712239
Hero Member
*
Offline Offline

Posts: 1708712239

View Profile Personal Message (Offline)

Ignore
1708712239
Reply with quote  #2

1708712239
Report to moderator
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
elmo40
Member
**
Offline Offline

Activity: 529
Merit: 12


View Profile
November 28, 2023, 03:09:59 PM
 #2

Was this released in February as a Scrypt coin? I have mined this back then.

It even uses the same ports. ;-)

Why did it move to sha256? I mined over 2,000 blocks! will you swap?
c4pt
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
November 28, 2023, 06:45:04 PM
 #3

"Was this released in February as a Scrypt coin? I have mined this back then.

It even uses the same ports. ;-)

Why did it move to sha256? I mined over 2,000 blocks! will you swap?"

in the beginning we were going to base this off of litecoin as a scrypt based fork but we decided to use the bitcoin wallet as a framework instead we are sha256 meaning that we are compatible with any pre-existing sha256 technology for Bitcoin. Our coin is a richer coin that Bitcoin because we have 2,000,000,000 total supply and we started with 10,000 BIT per block. at block height 150,000 we plan to reduce our block rewards down to 100 BIT per block which will preserve the network for the next 25-30 years. Bitcoin cash which is also similar to bitcoin has a halving every 210,000 blocks and is currently down from 50 BCH to 6.25 BCH. This is not the case with Bitnet which will always supply a 100 BIT for a block reward and it will not go through halving
c4pt
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
November 28, 2023, 06:53:36 PM
 #4

Was this released in February as a Scrypt coin? I have mined this back then.

It even uses the same ports. ;-)

Why did it move to sha256? I mined over 2,000 blocks! will you swap?



we plan to stay on sha256 indefinitely

we are at an all time high now of 0.0004~ USD per BIT on xeggex

we figure that if the price goes up to 0.004 USD per BIT it will continue to support miners at 100 BIT per block
c4pt
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
December 02, 2023, 08:26:36 AM
 #5

we just reached 0.0025 USD per 1 BIT
10,000 BIT is worth $25
100 BIT is worth 0.25 cents currently
Kryptorichrick
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 19, 2024, 02:34:02 AM
 #6

we plan to stay on sha256 indefinitely

YEA RIGHT WHAT HAPPENED? NOW THIS AURUM CRAP...
daodaoo
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 21, 2024, 07:13:26 AM
 #7

we plan to stay on sha256 indefinitely

YEA RIGHT WHAT HAPPENED? NOW THIS AURUM CRAP...
The new CPU algorithm just updated a few days ago: aurum.
c4pt
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
January 23, 2024, 03:35:39 PM
 #8

we plan to stay on sha256 indefinitely

YEA RIGHT WHAT HAPPENED? NOW THIS AURUM CRAP...

we decided to switch to CPU mining back in December basically to have more support from more users basically
we dont want to be dependent on ASICs anymore

you have to realize there are only 1,000,000 ASICs in circulation but there are over 3 billion computers worldwide that mine for BIT using their home computers

by switching to CPU mining we open our doors to many more people so that everyone can get involved

I am sorry if I did not update bitcointalk forums but I decided to update Bitcointalk by letting everyone know

we switched into CPU mining as of 01-13-2024 when we reached block height 125,000 basically

some of our pools are

https://bnomp.io

and

https://anomp.cc
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!