[ANN] BTCW [CPU-SOLO] - No Premine | PoW+POT | GPU & ASIC resistance

[sillvestters]

Specifications:

Name: BitcoinPow
Symbol: BTCW
Algo: PoW/PoT CPU
Circulation Supply:  1,262,500(6%)
Total Supply: 21,000,000

Mining requires UTXO`s
1 utxo = 256 hash/s

Website: https://www.bitcoin-pow.org
Explorer: https://explorer.bitcoin-pow.org
GitHub: https://github.com/bitcoin-pow/BitcoinPoW
Whitepaper: https://github.com/fluffyfunction/BitcoinPoW/blob/23.x/README.md

SOCIAL MEDIA
Telegram: https://t.me/BitcoinPoWPoT
Discord: https://discord.gg/DwgFdPwRZ2


Exchanges:

Xeggex: https://xeggex.com/market/BTCW_USDT
Dextrade: https://dex-trade.com/spot/trading/BTCWUSDT?interface=classic
Finexbox: https://www.finexbox.com/market/pair/BTCW-USDT.html

No connection with the team just a shared interesting project for me and whoever finds it interesting too.

[elmo40]

Another lame PoT project... What is the benefit?

[Cubewaldo]

Another lame PoT project... What is the benefit?

https://bitcointalk.org/index.php?topic=5477364.40     original ANN.

[CryptoGirl.y]

  I think that the title of the thread should indicate that this is the “NEW CONSESSUS ALGORITHM”!

  A revolutionary idea in the world of cryptocurrencies, not the same idea as many here write “blah blah... true decentralization... blah blah... as Satoshi bequeathed blah blah”, when you read on the forum about “true decentralization as Satoshi bequeathed”, then I want to puke and send him to “one place”.   Each new coin talks about decentralization, but at the same time has one or two pools that control 90% of the coin’s network. the same thing happened with Bitcoin itself, it is no longer owned by users, it is owned by several pools.

 So, what am I talking about.... the new consensus has one important advantage, the most important for decentralization: YOU CANNOT MINE IN A POOL WITHOUT GIVING IT YOUR PRIVATE KEY, i.e. Mining pools as such are not possible on this coin. Can you imagine what a coin without pools looks like? You probably already forgot what it’s like... ha ha... a coin without pools = true decentralization as Satoshi bequeathed. The new consensus algorithm in the BTCW coin was able to achieve this.
Do you want such a coin?
I definitely want to!

[zsky]

next powking up!

[zsky]

next powking up!
There are too many garbage FORK projects in the market. There is no novelty or design. Most of them are just modifying the icon of a project. An original algorithm. A pure SOLO without a mining pool. It is very rare. It is worth our miners to follow up and participate.

[2Q9acN]

 So, what am I talking about.... the new consensus has one important advantage, the most important for decentralization: YOU CANNOT MINE IN A POOL WITHOUT GIVING IT YOUR PRIVATE KEY, i.e. Mining pools as such are not possible on this coin. Can you imagine what a coin without pools looks like? You probably already forgot what it’s like... ha ha... a coin without pools = true decentralization as Satoshi bequeathed. The new consensus algorithm in the BTCW coin was able to achieve this.
Do you want such a coin?
I definitely want to!

Wownero applies the same hack. I'm solo mining it now.

[Cubewaldo]

A pity that developers no longer appears here since january, such a potential project. I am solo mining also and i bought a few in xeggex, users in mining chat in their discord were very nice teaching me this complicated mining, (not that much once you understand how it works) Maybe the community could at least try to add this project to coinmarketcap and exchanges like tradeogre that as i heard is free listing. All the best for BTCW.

[2Q9acN]

Mining requires UTXO`s
1 utxo = 256 hash/s

The required UTXO for mining, where do i get them from? Do you mean the utxo set shared by the nodes and stored in `~/.bitcoin/chainstate` by
Bitcoin Core? Or do you mean that you need to be a holder of utxos in order to mine?

[Cubewaldo]

Mining requires UTXO`s
1 utxo = 256 hash/s

The required UTXO for mining, where do i get them from? Do you mean the utxo set shared by the nodes and stored in `~/.bitcoin/chainstate` by
Bitcoin Core? Or do you mean that you need to be a holder of utxos in order to mine?

Correct, you need to create a descriptor wallet then a miner wallet and generate transactions from descriptor (source) to miner wallet, this is how it looks in your console

Code:

 tx "1EtwxsLjmbxdQHiftnFUUVHJomLeLJ6iBQ 12jL6dPBqyo41j3LYr5Fn8MNdqMPGdLACz 1CNTfb2ULm4kCSFZKTjhcDXdFU5qwcjtUe 12NEYiGGBWEWntZai8xLhqyagFm2hWsGy5 1NjjDbPmGn47mfoMnMMpAfAuuEiFMKVzqf 1P3DDwgbXwdZ7TQXBwf854KQSPoMtZ3PfE 13N2szsDVMGe7gHud9dYwJsxigq2DvY2ga 1JzFzdYauTrGmyx3duWNHV8R3AYBYnqZfm  15Dcx3KZmZDYrVJVHPTS1GeKF5buWwsjsQ 1HU1YHvBne3u2KnqRKKsqV7MALGH2MpVUM 145twP7SKpJ7qZN5thXf9W16exuHN9x7Kr 1HCqQfYhMYJmTMfTvcc1gYSEwLBx9t4W18 1C1AZYXaYKE2ZiszCwedSqCScp81FPAb1m 1B3eWvDKcZKyKcD5Xr4r9sZXuUNmq3iFcx 14HNejKCAgrTR4sEHa3n2uSUyJhveshcAJ 1L8nCCfZEeh2UyBuVyZXg54SCDvnQ8KzAN 1Jt4F2Njwyoc4bDAcmVPtBuiAA2qKWM9Xg 1JLHnBDSu1YCJSRUD3m6LJYqF8SNFGz2ti 1Np1px1CRiRH2fqUkytckAScsxk9ruW5Gj 1MskwjB1g7A88h3CkSXCAVEZvj7sXuLZoj 12GPn6Uo1i4YExNzR2RQndAD6m1fAJsLyt 1CJ3j6eQGVQrW59JubgtD33rwx3eZGtEqi 1Dgrg68WjuUx5tiDYjmArHSpYpiP33b1LT 1N9jmZjhwnhwSFenuwD22mJqu2ugdE2TzW 112pAXdyCAinT9rJfLyZbRKeFfuHN5f9a 1HWkMAJJgMke3vXQGU2gzudeE3gipUG231 1HWkMAJJgMke3vXQGU2gzudeE3gipUG231 16QSXQwwwFkTTnud3vcPhMQ2cyP97TsNEf 137Q7ZGrDgM9TUxAhgZs7DtaC7Er394gL9 185L6nnDH24qPt8J5EcUjzJAjK4WQdFQiz 1H4cpXRAriwTTfoJqoALpvceJ5j3TcQ1h3 17hfSvSuzeYKm2tAm4XA65epvE9oon4ZqT 1M2p5dsGu9c3vfHABXQguXdu6NsAQfugpQ 1Jhnf7XLdWUj5KiEcxbwqRpo1SCQHfPLYj 1CB8heR23bFbCt2o82AG7UXYNJCZNEFDSB 14GRJauFJquTZsuCmTGDjLfcrTWqKodvJj 15nwBzpzf7rPmC89jNAXvL1aDpSDZLGhEm 15YNKu1GNmTAsWQwSYgXsKxy9fMtWgPz3m 16iAXWitvEzAY48vtU7KDXTXwhb6DLJJ7E 1FNZ6maoghUG6bBQDhyWrDbSRvUHPafKF5 1Bwndtwu7V4q4msoW8iayrRM9AFehneFpb 1G7ZPT3NnpUsFEoFq5kBP1qGiBSGUojnU6 138XJgdz64GUMcaHWssozT8HFTSGzwMV1k 17PCGH28mgJYdGoM6a2YwHVx1HXbSsWBac 1GSvCBEGtwusB1Q6F7jH7Ewzk9WrkLkFpN 13EqsEimx4TNbZ4jw4gzRTqtLkGr25xWqj 1MWrRswtZ8z12VQmSA5iPq9mT8BWjaMb1F 1NCGQuWzDfZT4r8wdAEo6kv4ftNRXxNz14 1Eqxxm5HZx5hdAJrE5mALYhm7ZY7ymz3GB 1ETD6L6JFp9dL35bM3YNcU5GVyZQEpZCWY 18Yo1MFfP7eGdbmu6C9upXsxarLYfNbu4K 1M6JZ7ju6VUie8UviMxoEMMLxwi8r62fT7 1C6QV8fAvdM2mdXsHucLA26sDH11A2djA7 1JzFzdYauTrGmyx3duWNHV8R3AYBYnqZfm 13HFZCtyNRzYyvxsETiKYN2NCJv6cB1pwc 13ayS3Nk2QJSDELw4QKwibjDtamSbnARzf 16UX6Wxm4StCp2Mj4tr233ejVTQJ26Pc3R 12pBzQUi2xFZUN69xvceyWhSt9bfaXe7Ae 19wSgz8i6WBwxeJXHknxSSnRYfLkhHtdQH 17XMBvUPhY22T9Wn6jKqrNq4LBU5eixCLa 17ZzpqnfvGMM7qMiQhPKqw9TwjHRpKsu13 171MnLzxQhMwXKbChi6brTxFKELmeq81qH 1C1BPAuz96quekWp8wQGU9M8oPWYW1AXpr 1PdEhyyrF8YH5hyM8EeLiUAw53t5iqzEbA 13fMHP4DEUC92m4HVy8hW8Ktniej4Tx2D5" 0.00001 1500 5

You need at least 1 coin to get started

[siegep]

The coin launched in december 2023, there are lot of whales with milloins utxos hashrate, why you creating new threads ?

[Cubewaldo]

The coin launched in December  2023, there are lot of whales with milloins utxos hashrate, why you creating new threads ?

Indeed is confusing and prejudicial for the project and you are right with the hashrate thing, I did my best mining, it take time to generate those utxos the problem that at certain point it doesn't go further because CPU loading limit is reached. I will finish this day generating more transactions but even with that i have this console reply:

Code:


getmininginfo


{
  "blocks": 25849,
  "currentblockweight": 4000,
  "currentblocktx": 0,
  "difficulty": 1728.372714923029,
  "networkhashps": 11512108700.99889,
  "localhashps": 266240,
  "daystofind": 300.2749373215606,
  "cpuloadingpercent": 31.8,
  "pooledtx": 338,
  "chain": "main",
  "warnings": ""
}

31.8% load cpu after 3 days and 300 days to find a block. Sorry i cannot stay 300 days generating transactions to mine a block. As I said a pity abandoned project. Or even worse just released to dump mined coins.

[CryptoGirl.y]

 So, what am I talking about.... the new consensus has one important advantage, the most important for decentralization: YOU CANNOT MINE IN A POOL WITHOUT GIVING IT YOUR PRIVATE KEY, i.e. Mining pools as such are not possible on this coin. Can you imagine what a coin without pools looks like? You probably already forgot what it’s like... ha ha... a coin without pools = true decentralization as Satoshi bequeathed. The new consensus algorithm in the BTCW coin was able to achieve this.
Do you want such a coin?
I definitely want to!

Wownero applies the same hack. I'm solo mining it now.

I spent a little time and researched some information about Wownero. I was not able to find out exactly how the coin implements the technology that prevents the creation of pools. At the same time, I understand that you can create a pool on Wownero, but only with maximum trust in the pool participants... this is the same as in the BTCW coin.
But I saw such a problem in Wownero(for example here): decentralization is violated when large pools come and start mining while the coin has a low difficulty; botnet farms can also do this. This problem has been solved in BTCW, since mining BTCW requires not only a processor, but also unspent transactions.

[2Q9acN]

I spent a little time and researched some information about Wownero. I was not able to find out exactly how the coin implements the technology that prevents the creation of pools. At the same time, I understand that you can create a pool on Wownero, but only with maximum trust in the pool participants... this is the same as in the BTCW coin.
[...]

https://wownerodocs.org/docs/mining/ : One need to specify their private key to mine. Having dug deeper into BTCW's pool resistance it seems to be more complex and by requiring UTXOs to be mined affords more decentralization. Wownero's solution seems to be more elegant and simple. I find it convenient that one can use the same private key to mine
wownero on all desktop computers of their family. At the same time, a state may not care about the proceeds from mining too much and thus choose to deploy hostile botnets.
And here BTCW may have an advantage. I don't understand BTCW's pool resistance very well but wouldn't requiring  a significant number of UTXOs to mine create an unintended consequence of bloating the UTXO set and creating too much dust (something to avoid when dealing with limited blockspace and thus ever raising onchain fees) ?  

[Cubewaldo]

Sadly stopped mining this after many efforts, I keep on liking the project but i dislike how is being managed. I'm going to check wownero and maybe give some hashes on it. However a bought some coins just in case BTCW goes further but I don't think so. Maybe the idea in a future, another dev..Who knows. 

[2Q9acN]

Sadly stopped mining this after many efforts, [...]

Did you have yourself creating utxo that you don't really mind just to increase your hashpower? How is it possible to mine this first block, when there are not UTXOs yet?

[Cubewaldo]

Sadly stopped mining this after many efforts, [...]

Did you have yourself creating utxo that you don't really mind just to increase your hashpower? How is it possible to mine this first block, when there are not UTXOs yet?

Yes in order to generate transactions you obv need coin in your wallet, one is enough. I'm back mining "daystofind": 232.7696586611056, i will try to improve this with more UTXO