mike88
Newbie
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Activity: 26
Merit: 0
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September 18, 2014, 01:12:44 AM |
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soooon 1 Bitmark=1 Bitcoin
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coinsolidation (OP)
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September 18, 2014, 01:23:57 AM |
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How much is a mark worth? If I wanted to mark someone for posting a video, could I send him $5 worth in Mark's or is it a set amount for each mark, like clicking the like button it's automatic. Why would anyone want to mark people money, when we can look at adds and get it all free. How would websites make money if there is no longer adds, would we all have to send Mark's to the website to keep them going? I don't know if anyone would use this system over the current one.
Marking is a term, a mark is 0.001 BTM, you can mark with 5 units of precision, 1.23456₥ for example. Everybody involved already marks everybody every day, all day, it is a natural thing to do. We do not mind giving half a cent or so for a good idea or picture or something. Sometimes more for better things. If you have 100,000 views on an article, and get 25000 marks, then you have had a good day, and nobody has noticed giving half a cent or less each. You just click a button which says mark instead of share, and give the people some transferable spendable reputation, it is a nice thing to do. Adverts are no longer required.
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mushroomfour9
Newbie
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Activity: 54
Merit: 0
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September 18, 2014, 01:25:02 AM |
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maybe not BTC prices but i think it could easily get to $10 soon.
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mushroomfour9
Newbie
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Activity: 54
Merit: 0
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September 18, 2014, 01:40:19 AM |
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How much is a mark worth? If I wanted to mark someone for posting a video, could I send him $5 worth in Mark's or is it a set amount for each mark, like clicking the like button it's automatic. Why would anyone want to mark people money, when we can look at adds and get it all free. How would websites make money if there is no longer adds, would we all have to send Mark's to the website to keep them going? I don't know if anyone would use this system over the current one.
Marking is a term, a mark is 0.001 BTM, you can mark with 5 units of precision, 1.23456₥ for example. Everybody involved already marks everybody every day, all day, it is a natural thing to do. We do not mind giving half a cent or so for a good idea or picture or something. Sometimes more for better things. If you have 100,000 views on an article, and get 25000 marks, then you have had a good day, and nobody has noticed giving half a cent or less each. You just click a button which says mark instead of share, and give the people some transferable spendable reputation, it is a nice thing to do. Adverts are no longer required. what makes this different from doge microtransactions, there is a doge tipbot on facebook but no one uses it.
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coinsolidation (OP)
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September 18, 2014, 03:03:38 AM |
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what makes this different from doge microtransactions, there is a doge tipbot on facebook but no one uses it.
Exactly. There is no rush, we are not trying to sell you anything. Pop back in a couple of weeks when we have marking being used actively in a few places and try it, see what you think then. Maybe you could tell us.
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mushroomfour9
Newbie
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Activity: 54
Merit: 0
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September 18, 2014, 04:15:50 AM |
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what makes this different from doge microtransactions, there is a doge tipbot on facebook but no one uses it.
Exactly. There is no rush, we are not trying to sell you anything. Pop back in a couple of weeks when we have marking being used actively in a few places and try it, see what you think then. Maybe you could tell us. what places are you working with? Do you think marking will ever be on Facebook or Twitter?
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emdje
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September 18, 2014, 05:55:00 AM |
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Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again.
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coinsolidation (OP)
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September 18, 2014, 05:57:03 AM |
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Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again. The maximum change is 4x up or down. /4 x4.
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emdje
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September 18, 2014, 06:00:45 AM |
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Ooo yes of course stupid of me thnx
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klopper
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September 18, 2014, 06:05:01 AM |
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Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again. Every 720 blocks the difficulty changes. So it will be most profitable to mine the 720 easy blocks, but your payout will be slow as it takes 720 blocks to mature. So the miners will need to put some hash to it also at the high diff blocks to get their payout. This ensures that miners wont be dumping, but selling of slowly (if they sell, i think alot just hold). Just another genious thing about this coin.
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coinsolidation (OP)
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September 18, 2014, 06:14:14 AM |
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Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again. Every 720 blocks the difficulty changes. So it will be most profitable to mine the 720 easy blocks, but your payout will be slow as it takes 720 blocks to mature. So the miners will need to put some hash to it also at the high diff blocks to get their payout. This ensures that miners wont be dumping, but selling of slowly (if they sell, i think alot just hold). Just another genious thing about this coin. When it is slow there is less currency mined too, sometimes 5x less. BTM Supply: 792240 BTM, and we had planned: 957700 BTM - there is 165460 less BTM in the world So while the hashrate is slow you find there is no currency released that was just mined, and no new currency to speak of. 2-3000 BTM per day when the trading volume is 10-20x that is not much.
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Este Nuno
Legendary
Offline
Activity: 826
Merit: 1002
amarha
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September 18, 2014, 06:26:55 AM |
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Ooo yes of course stupid of me thnx Hello. I remember you from the BTM launch I believe, back in July.
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emdje
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September 18, 2014, 08:39:05 AM |
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Ooo yes of course stupid of me thnx Hello. I remember you from the BTM launch I believe, back in July. yes true, I have been mining it ever since. (when my rig is not rented out). But my mere 30MH is not so much compared to the big players.
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mike88
Newbie
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Activity: 26
Merit: 0
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September 18, 2014, 09:17:34 AM |
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the race has begun guyyss.. Buy some BTC go to the moooooooon
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tobeaj2mer01
Legendary
Offline
Activity: 1098
Merit: 1000
Angel investor.
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September 18, 2014, 09:57:35 AM |
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What's special about this coin?
DEV for sure This was not another copy&paste coin, look at first post to see the whole background behind bitmark. It's my favourite scrypt coin. For sure it's DEV, this is the most special.
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Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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coinsolidation (OP)
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September 18, 2014, 12:07:54 PM |
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Added a pool for this cool coin too !
Thank you for adding. OP updated.
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jabo134
Newbie
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Activity: 6
Merit: 0
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September 18, 2014, 12:09:33 PM |
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I really like this coin and see the dedication the project Bitmark team has. I am making a small donation in BTM to the foundation and in BTC for development.
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coinsolidation (OP)
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September 18, 2014, 12:33:09 PM |
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I really like this coin and see the dedication the project Bitmark team has. I am making a small donation in BTM to the foundation and in BTC for development.
Thank you for both of your donations, they will be put to good use as they can be most optimally used.
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Winky
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September 18, 2014, 01:08:55 PM |
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On which pool are the most miners?
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coinsolidation (OP)
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September 18, 2014, 01:20:46 PM |
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On which pool are the most miners?
We crafted the bitmark block rewards to give a fair reward to all consistent miners regardless of which pool they are on, if you are mining for more than a few hours then spread your hash or solo mine and you will get your fair share of rewards. This will also make the network stronger and more resilient. There is no benefit to everybody being on one pool, the opposite is true.
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