Topic: [ANN] Bit Trust System - New economy/Finance/Defi (Read 547 times)

PC-Miner download link:
1.biut.io/dapp ;
2.https://github.com/BIUT-Block/biutblock-client-pool/releases;

Public mining wallet: 9cb6f427db8d457ae3e659bd6ec8db78652fe95c96ef6dad65c9c90bef67fc98 (Private key, use to import wallet to the PC-Miner)
Public mining wallet address :0x174a846a97a09685a51b6719904ae10fc981d7e4

Mining Tutorial:https://www.youtube.com/watch?v=3wc8vnBB-Rc&feature=youtu.be

https://medium.com/@biut.io/pc-miner-v-1-2-66-mac-windows-stable-version-release-8d0834e6be57

We release the Mac and Windows english  version of PC-Miner, enjoy your BIU Mining.

V1.2.66 has running stable for a long period of time.

https://medium.com/@biut.io/the-explanation-of-biu-output-reduce-in-pc-miner-v1-0-66-ca56bec525d6

BIUT team upgrades two versions PC-Miner and make some adjustments on V1.2.66 and receiving many requirements about the BIU output from the Chinese Community. The followings are the details for the explantation of upgrade.
First of all, BIU output will be adjusted every three months(One phase) depends on the demands of the whole main net(Refer to the white paper), this is according to the economic model of the public chain, it is unmendable. The following versions will be automatically executed.
Secondly, The economic model of BIU is different from Bitcoin, Which halves in 4 years and the attendants take advantage of joining early. In the BIU economic model, one half of the BIU output decided by the users’ demands and the remaining halve in four years. It meets the tendency of blockchain industry and also benefits the sustainable development and fair environment for public chain
The last one, The BIU output may be higher or lower in the next phase(after three months), it depends on the development of the application. The BIU output will increase even higher If the upcoming applications run smoothly.
BIUT Public chain was developed for about two and a half year, it launches only about 6 months and currently at the early stage. Therefore, the Chinese community promoted the ‘Great Navigation Plan’ for PC-Miner. There are multiple parties that take part in mining. We need to make adjustments according to the rule and code. During the next stage, we will take the advice provided by the main participants and the Chinese community into considerations to make PC-Miner better.
The BIU output of every three months was written in the white paper and not adjustable by the technical team. Our technical team is working on the application(suppose to launch on season 2), we apologize for the inconvenience that the constantly main net upgrading caused.
BIU output adjustments formula of every three months(The more BIUT transactions volume, the more BIU will be mined.)
The second-phase calculation adjustment:
The real transactions amount in the first-phase= ((550307–240250*2)/7)*3=29917.28571428571
Output adjustment: Square root of First-phase BIU total transaction volume/0-phase BIU transaction volume
= Square root of (29917.28571428571 / 10000000))
= 0.05469643
BIU output of next phase=Previous phase output* Output adjustment
=6.94445*0.05469643
=0.3798
For example: Lock up 100000 BIUT, each block contains 6.94445 in the previous phase. Then each block contains 0.3798 BIU in the next phase.
Download PC-Miner on biut.io/dapp
Join Our Discord Community:https://discord.gg/b4Mjuu
Telegram: https://t.me/BIUTBlock

PC-Miner  1.2.62 New version has uploaded to the official website: https://www.biut.io
You can download on this site: https://www.biut.io/dapp

-Improved BIU blocks output efficiency
-Reduced verification time
-Improved Blocks syncing time
-Fixed balance and total profits display problems


There are many changes in the new version so you should uninstall the old PC-Miner before you install a new PC-Miner.

Then delete the old "Data" folder and put the new "Data" folder to in your installation folder.

New "Data" folder download link: https://mega.nz/#F!BtEUiKoJ

V1.2.61 https://github.com/BIUT-Block/biutblock-client-pool/releases/tag/1.2.61 Fixed a small bug
 

https://github.com/BIUT-Block/biutblock-client-pool/releases/tag/1.2.60 version update

Announcement

The latest PC-Miner of rebuilding staging tree will be released tomorrow. The current low efficiency of blocks output and the mining pool balance display problems will be resolved within two versions.
Thank you for bear with us while we are upgrading.

it depends, 10k BIUT you can get 0.695 BIU in one block, while foundation will reward you same amount BIU. So you get 1.38 BIU of one block.

the blocks output depends on your CPU. 

please use mining.biut.io for checking web mining information.

Why did the "my mining" tab disappear?

if we lock up 10k BIUT how many BIUT will we earn for POS?

Yes, Lock up 10000 BIUT for one year. 

After one year, the BIUT will be released automatically.  It is kind of free mining.

Hello, it is CPU and POS Mining. we combine POW and POS.

seems we need to buy the coin first and then mining with mortgage 10 BIUT to mine ?

it's gpu only?

yes, we have our special trust Algorithm(it is similar to Google's PageRank algorithm ) and recently we also have a breakthrough. if you want to know more and I suggest you read our whitepaper.

I wish I could explain the whole thing here, but I afraid that I can't show full aspects of our Algorithm.

POW+POS is not Algorithm,but consensus mechanism.I think the minning is a smart contract.

Mining tutorial

Web Mininig and PC-Miner guide ：http://mining.biut.io/#/walletHelp

KOREAN: https://medium.com/@biut.io/%EC%9B%B9-%EB%A7%88%EC%9D%B4%EB%8B%9D-%EC%A7%80%EA%B0%91-pc-miner-%ED%8A%9C%ED%86%A0%EB%A6%AC%EC%96%BC-ed931fea3f72

others tutorial article:https://www.publish0x.com/crypto-tricks/biut-simple-pc-miner-mining-tutorial-xmjpej

Video: (if you choose to join the mining pool, you can't  use the SAME wallet to mine on PC-Miner)

PC-Miner: https://youtu.be/4QEKTydFwc4

Join Mining pool: https://youtu.be/BWsoFfljw48