Running Bitok - 0.3.19 Mainnet

[elvisjedusor]

What do you think if I launched a public pool?

More pools are good for the network.

Mining is competitive by design. If you can run a reliable pool with fair terms, miners will decide.

Decentralization improves as more independent operators participate.

[Btc_order]

well I will update you soon

[yoshikiazuma]

What do you think if I launched a public pool?

More pools are good for the network.

Mining is competitive by design. If you can run a reliable pool with fair terms, miners will decide.

Decentralization improves as more independent operators participate.

would a p2pool be required in the future, i think p2pool are a cool idea, but not sure i how it would operate on bitok if it were implemented on the coin, could be something i could experiment and learn from whilst mining on p2p

well I will update you soon

cool, yay (:

[zipnoid]

Wow, I LOVE this idea! Great work!

[Tongpu]

would a p2pool be required in the future, i think p2pool are a cool idea, but not sure i how it would operate on bitok if it were implemented on the coin, could be something i could experiment and learn from whilst mining on p2p

It’s easy to adapt the old P2Pool code https://github.com/p2pool/p2pool for Bitok. I looked into it before building the node-stratum pool for bitok, but decided against it. P2Pool is too complex for most miners, they must run a Bitok node, a P2Pool node and a miner. Which creates too much setup friction.

Developing a P2Pool for Bitok would likely be a poor use of time, similar to what happened with Bitcoin, it never became widely popular because it’s not easy for typical miners to start.

[elvisjedusor]

Added RPC support for raw transaction construction, signing and decoding.

This allows transactions to be built programmatically without wallet coin selection. Inputs, outputs and signatures can be specified explicitly.

Commit:
https://github.com/elvisjedusor/bitok/commit/7d358d04ba283089e1438a33e8b8b5c08853ec55

Documentation:
https://github.com/elvisjedusor/bitok/blob/master/RAW_TRANSACTIONS.md

Development logs are also mirrored on X now, for quicker release alerts and updates:
https://x.com/bitok_coin

[shinohai]

Added RPC support for raw transaction construction, signing and decoding.

This allows transactions to be built programmatically without wallet coin selection. Inputs, outputs and signatures can be specified explicitly.

Commit:
https://github.com/elvisjedusor/bitok/commit/7d358d04ba283089e1438a33e8b8b5c08853ec55

Documentation:
https://github.com/elvisjedusor/bitok/blob/master/RAW_TRANSACTIONS.md

Development logs are also mirrored on X now, for quicker release alerts and updates:
https://x.com/bitok_coin

This is awesum, just last night I added a simple patch to my fork for sign/verify messages and had thought of looking into raw tx next.

[Tongpu]

Testing raw tx



https://bitokd.run/tx/2e88d0bc18738ba39b37fc3cb1d54476283dc1ee32d3d4099ee5cc9338d4d19c

[Tongpu]

The cool part is that Bitok follows Satoshi’s original 2010 code.
It's like an alternate-history Bitcoin where Satoshi is still developing it. Thanks for this interesting experiment.

[zipnoid]

The cool part is that Bitok follows Satoshi’s original 2010 code.
It's like an alternate-history Bitcoin where Satoshi is still developing it. Thanks for this interesting experiment.

Agree. I know it's silly but this project also allows people to experience what happened to BTC when it was just starting. Obviously not in terms of financial return, but in terms of excitement.
I know this will never be a BTC but it wouldn't surprise me if it picked up some traction in a few years.

[zipnoid]

It would also be very funny if we reenacted some of BTC's legendary events such as buying two large pizzas for 10,000 BITOKs lol

[Laheeboo]

I am a chef and I would love to make 2 large pizzas and charge 10k satoshis in this form for them 

[Tongpu]

It would also be very funny if we reenacted some of BTC's legendary events such as buying two large pizzas for 10,000 BITOKs lol

Getting 10,000 BITOK isn’t that easy. In Bitcoin’s first year only a few people were mining, so they could afford to spend 10,000 on a pizza and even run free faucets. Here we already have around a hundred miners, so 100 BITOK for two large pizzas sounds like a fair

[zipnoid]

I am a chef and I would love to make 2 large pizzas and charge 10k satoshis in this form for them 

Let me mine the 10k first  and we'll have a deal lol

[yoshikiazuma]

It would also be very funny if we reenacted some of BTC's legendary events such as buying two large pizzas for 10,000 BITOKs lol

Getting 10,000 BITOK isn’t that easy. In Bitcoin’s first year only a few people were mining, so they could afford to spend 10,000 on a pizza and even run free faucets. Here we already have around a hundred miners, so 100 BITOK for two large pizzas sounds like a fair

when should we expect to see a bitok free coins faucet(s)? it would a good time for a faucet website to come along. id be interested in the claiming some coins and i think there'd be a few like me legit users that would be interested in claiming fairly and also some others may also donate towards the faucet pool

[zipnoid]

It would also be very funny if we reenacted some of BTC's legendary events such as buying two large pizzas for 10,000 BITOKs lol

Getting 10,000 BITOK isn’t that easy. In Bitcoin’s first year only a few people were mining, so they could afford to spend 10,000 on a pizza and even run free faucets. Here we already have around a hundred miners, so 100 BITOK for two large pizzas sounds like a fair

when should we expect to see a bitok free coins faucet(s)? it would a good time for a faucet website to come along. id be interested in the claiming some coins and i think there'd be a few like me legit users that would be interested in claiming fairly and also some others may also donate towards the faucet pool

Miners are already trying to sell a sell the coins they mined for $0.13 (obviously no demand at this price point). People are mining for the profit, which is not what happened with BTC. So I think it is very unlikely that we'll see free faucets. It's a shame because this will probably set the fate of this project.

[garmin]

It would also be very funny if we reenacted some of BTC's legendary events such as buying two large pizzas for 10,000 BITOKs lol

Getting 10,000 BITOK isn’t that easy. In Bitcoin’s first year only a few people were mining, so they could afford to spend 10,000 on a pizza and even run free faucets. Here we already have around a hundred miners, so 100 BITOK for two large pizzas sounds like a fair

when should we expect to see a bitok free coins faucet(s)? it would a good time for a faucet website to come along. id be interested in the claiming some coins and i think there'd be a few like me legit users that would be interested in claiming fairly and also some others may also donate towards the faucet pool

Miners are already trying to sell a sell the coins they mined for $0.13 (obviously no demand at this price point). People are mining for the profit, which is not what happened with BTC. So I think it is very unlikely that we'll see free faucets. It's a shame because this will probably set the fate of this project.

Launch 37 days ago
887,100 coins mined
Total Coins for Sale: 7,889.2 BITOK
Total Coin Buy orders: 1,056.31 USDT

HODL

[Btc_order]

but if we start building the situation changes