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Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 62. (Read 27026 times)

newbie
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helle I'am interested by your project I would like to translate this topic in french if you want contact me in mp Wink
member
Activity: 148
Merit: 45
https://bitaps.com/
In addition to the pool just started Block explorer for this coin, https://bgl.bitaps.com. Please add to official list. Thank you
newbie
Activity: 79
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User 'EmmaWu' has not chosen to allow messages from newbies. please enable this setting I want to send a message
thanks
copper member
Activity: 56
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copper member
Activity: 156
Merit: 64
This is strange. Look, you’re talking about demurrage (90% of the commission), it’s interesting, because we can remember the rise of BOMB. But, one question. You have a “subsidy” for miners. And it is so big that in the end, you get the usual inflation system. Or is there a subsidy only up to 400K block? This issue is fundamentally important, because who knows when 90% of the commission will be more than 200 tokens that will be necessarily printed.

And also, I speak Russian and program in python, I can help with the telegram bot Smiley

Hi!, thank you very much for the question!
Telegram bot sounds really cool.

Block subsidy (currently 200) is not an inflation factor, this is a way (that had already proved itself
in BTC) to distribute coins.
Please note that block subsidy will change over time (with the same concept as
BTC has), but as mentioned in specifications:

Halving Interval = 210000 blocks / 4;                    // BGL halving is every year (bitcoin halving is every 4 years)

The halving interval is less than that of bitcoin, so the 2nd year will have a block subsidy of 100,
3rd year of 50 and so forth. In 6 years, around 98.44% of block subsidies will be emitted.
The block size itself has been reduced to specifically target fees to play more substantial role
when making transactions.

Block Weight <= 400,000;                                     // 10 times smaller than bitcoin

Because of the decreased block size, fees will be higher.
Hope that this answers your question.

Please keep us all posted about Telegram bot
member
Activity: 546
Merit: 30
This is strange. Look, you’re talking about demurrage (90% of the commission), it’s interesting, because we can remember the rise of BOMB. But, one question. You have a “subsidy” for miners. And it is so big that in the end, you get the usual inflation system. Or is there a subsidy only up to 400K block? This issue is fundamentally important, because who knows when 90% of the commission will be more than 200 tokens that will be necessarily printed.

And also, I speak Russian and program in python, I can help with the telegram bot Smiley
copper member
Activity: 156
Merit: 64
hi, where is explorer?


Hi, I must say that I do not have experience with writing or modifying blockchain explorers
(modern JS and other front-end things), would take pretty long time to make it myself.

Let's hope that community has experts in this area who can help Smiley



sent you a pm
reserved for italian

Sure, reserved!



If you still need help by the way, i can do the website/domaine name, and also the block explorer, nodes and the short explainer video.
 Do you want a domain name for the block explorer as well?

Great, thanks for the initiative! Let's do everything step by step!

[moderator's note: consecutive posts merged]
member
Activity: 450
Merit: 10

If i am not wrong, the segwit isn't activated yet ?

I am not sure at 100% anyway of what was the cause of the issue and what was the issue exactly, i will reinstall it later and let you know : )

BGL supports segwit transactions only. As for wallet address, it is possible and more convenient
to create BIP84-compatible HD-wallet addresses (taking 'bgl1' prefix into account).

Also note that if block contains transactions, coinbase reward is block subsidy plus 10%
of transaction fees (90% is fees demurrage).

In particular, this difference is the most significant value of the project. Total number of Bitcoins is stable
(21M max), number of ETH tokens is always increasing. In Bitgesell, on the contrary, number of BGLs decreases
over time, because part of transaction fee essentially being burned.


Oh okk, sorry for delay ive been very busy these last days

I will fix it tomorrow (laying to bed at the moment)

If you still need help by the way, i can do the website/domaine name, and also the block explorer, nodes and the short explainer video.
 Do you want a domain name for the block explorer as well?
member
Activity: 430
Merit: 22
Professional user
hi, where is explorer?




Paid job:
  • domain & website (I'll prepare and send you description upon request) - 0.06btc for one-year contract
  • listing (!!!) (HotBit- 1btc, Hitbtc -1btc, Cat.ex - 0.2btc, Coinlim - 0.2btc, VinDAX - 0.1btc) - by agreement
  • translate and publish posts about Bitgesell (Chinese, German, Spanish, Indonesian, Russian, Italian, Korean!, Japanese, Turkish) - 0.015btc per post
sent you a pm
italian translation done: https://bitcointalksearch.org/topic/m.54240472

[moderator's note: consecutive posts merged]
copper member
Activity: 156
Merit: 64

If i am not wrong, the segwit isn't activated yet ?

I am not sure at 100% anyway of what was the cause of the issue and what was the issue exactly, i will reinstall it later and let you know : )

BGL supports segwit transactions only. As for wallet address, it is possible and more convenient
to create BIP84-compatible HD-wallet addresses (taking 'bgl1' prefix into account).

Also note that if block contains transactions, coinbase reward is block subsidy plus 10%
of transaction fees (90% is fees demurrage).

In particular, this difference is the most significant value of the project. Total number of Bitcoins is stable
(21M max), number of ETH tokens is always increasing. In Bitgesell, on the contrary, number of BGLs decreases
over time, because part of transaction fee essentially being burned.
member
Activity: 148
Merit: 45
https://bitaps.com/
how do you do conf in pool and what is it using algo? I don't see the type of algo in this op


Algorithm: Keccack

I use https://github.com/alexis78/ccminer for our GPU rigs


If you use our pool

Stratum URL: pool.bitaps.com:8888
 User: [email protected]
 Password: any

jr. member
Activity: 194
Merit: 1
how do you do conf in pool and what is it using algo? I don't see the type of algo in this op
member
Activity: 450
Merit: 10

Ok. Please be advised that BGL has different address prefix defined, so
check this when pool generates addresses for coinbase transactions.
You are the first to respond with pool activity (thanks), so I reserve your first
position in the software list.



OKk thanks !

I've made, if i remember well, a legacy wallet for the pool's wallet address.

If i am not wrong, the segwit isn't activated yet ?

I am not sure at 100% anyway of what was the cause of the issue and what was the issue exactly, i will reinstall it later and let you know : )
copper member
Activity: 156
Merit: 64
Just started mining pool for BGL coin.

https://pool.bitaps.com

  • rewards type: PPS (PPLNS will be added same later)
  • payouts:  daily by request (auto payouts will be added soon)
  • pool mining fee: 1.5%

Pool settings:

 Stratum URL: pool.bitaps.com:8888
 User: [email protected]
 Password: any

Difficulty: variable by default, + manual settings available

Support email: [email protected]

Amazing! I'll try it out. Thanks




Hey! Thanks a lot for checking out project and making builds.
Tomorrow will have a look at them and will list as software in the top post.
Can I ask you why have you removed your pool https://miningcoins.ca/ ? Were there any technical issues?


Oh hey !

Yes there were some issues for the payouts, couldn't solve it.

Ok. Please be advised that BGL has different address prefix defined, so
check this when pool generates addresses for coinbase transactions.
You are the first to respond with pool activity (thanks), so I reserve your first
position in the software list.


[moderator's note: consecutive posts merged]
member
Activity: 450
Merit: 10

Hey! Thanks a lot for checking out project and making builds.
Tomorrow will have a look at them and will list as software in the top post.
Can I ask you why have you removed your pool https://miningcoins.ca/ ? Were there any technical issues?


Oh hey !

Yes there were some issues for the payouts, couldn't solve it.
member
Activity: 148
Merit: 45
https://bitaps.com/
Just started mining pool for BGL coin.

https://pool.bitaps.com

  • Algorithm: Keccack
  • rewards type: PPS (PPLNS will be added same later)
  • payouts:  daily by request (auto payouts will be added soon)
  • pool mining fee: 1.5%

Pool settings:

 Stratum URL: pool.bitaps.com:8888
 User: [email protected]
 Password: any

Difficulty: variable by default, + manual settings available

Support email: [email protected]
copper member
Activity: 156
Merit: 64

Hey! Thanks a lot for checking out project and making builds.
Tomorrow will have a look at them and will list as software in the top post.
Can I ask you why have you removed your pool https://miningcoins.ca/ ? Were there any technical issues?
member
Activity: 148
Merit: 45
https://bitaps.com/
Is any open source miners available?
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