[ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 43.

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

Some digits to analyze.

Preliminary figures:

Cost of 1 TH for Keccak algo per day ~ 0.0006 BTC/TH/DAY (nicehash data)
Net Hashrate 51.03 TH/s
Approximate quantity of mined coins per day 14,400 BGL

That is, the cost of the entire network per day 0.0006 * 51.03 = 0.030618 BTC ~ $1,224
Cost of the one coin production $1,224 / 14,400 = $0.085

I see that the hashrate of the network has been increasing recently. Thus, I point to the direct interest of the miners to own this coin. More than half of the coins have already been mined and the race continues.

EmmaWu

copper member

Activity: 161

Merit: 67

Hi guys, new article from our community member @Mihawk https://www.publish0x.com/zoro-disciple/do-you-know-bitgesell-bgl-xjmnvxz

DarkArrow

newbie

Activity: 12

Merit: 0

Hello, you mentioned that:

Quote

Block Reward = nFees*0.1 + GetBlockSubsidy() // Burn rate is 90% of tx fees

I tried something similar and it doesn't work.

Quote

CAmount blockReward = nFees / 2 + GetBlockSubsidy(pindex->nHeight, chainparams.GetConsensus());

I can't mine anything with that modification, it gives an error in the cli:

Quote

CreateNewBlock: TestBlockValidity failed: bad-cb-amount (code 16)

And on the daemon side, the error is:

Quote

ERROR: ConnectBlock(): coinbase pays too much (actual=10000022500 vs limit=10000011250)

Is there something else that needs to be modified to make the fee burning work?

OcTradism

hero member

Activity: 1722

Merit: 801

With this great initiative as I suggested long time ago, Emma have tried to contact Whattomine and I wish they will accept to list this coin on Whattomine soon.

Quote from: EmmaWu on May 18, 2021, 02:27:37 AM

Hi fredeq, whattomine.com is such a great website!
Could you please add Bitgesell (BGL) coin (Keccak algo)?
The thread is here just in case https://bitcointalksearch.org/topic/ann-bitgesell-store-of-value-burn-rate-is-90-of-tx-fees-realstoreofvalue-5238559
You have hotbit filter, it's on hotbit https://www.hotbit.io/exchange?symbol=BGL_BTC and DigiFinex https://www.digifinex.com/en-ww/trade/USDT/BGL

Hotbit exchange is back but I would prefer to recommend two exchanges for possible listing with their Listing Application Forms.
- MXC exchange
- Trade Ogre exchange

Jumanji Dev

newbie

Activity: 2

Merit: 0

Keep it up! Rewards look awesome!!!

EmmaWu

copper member

Activity: 161

Merit: 67

Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-05-17
Total network nodes: 233
bgl1q7prt03j3xmfhk86jqcp5z3em38h08nnyu660ah
bgl1qhtt9s57ud8xhwah273km7u0xy6nl2wfzjcnn5g
bgl1qhmmljln8dfgh2esndh4evmddtwq6jcf26tmx4y
bgl1qrlkjfw7gzuyczc9z4hzx9tj44j0aahtpuwwg4m
bgl1qvs3afd5e4h9wh3kvzdtd7mxqycyj7hk7awqp9v
bgl1q5rcy283wmqjnqk7s0kcslxyjf70t0jtg28t07e
bgl1qwfx3xc2knnpzu76n0gdqagyjkk8y436udkfu78
bgl1qdlwkyqezxa8gk06hvrklzsvlpnwhg75zmtm3p0
bgl1qs309l0w3cplgxcgqp7nye5qarfk83axu2s3s6j
bgl1qpau2ff7zu070fr3rgwjtrsd5jv4y0whsjcxg59
bgl1qenu05t3dyrp8njf6f9h6a6v7k6n885wzmnh57s
bgl1q6kr0cw5340x3fymr292kh9wymjk987yc92je5p
bgl1q2e8xd33da8ru209gs66wgcls6evmuwfl0y049c
bgl1qnuczplsf3mkan3pkx5rmt86d34pl45urx33ga5
bgl1q5ea290czvqrhmyufhemlgh25zzef2h5t2fcjpz
bgl1qq03mpxt5epavcpzsvcruktxh9gvwc6j4lg77rs
bgl1q0529nz8vg8fwqmpc32hqzsjca0zn5ju5at58re
bgl1qewf8g85y7apjehe7dnfy9r95t4vjpl7et6xnc2
bgl1qx33e4ztmhcu0es93hzz2q46hfcwdk5std58u9t
bgl1qux3rsswva957nvzpe6mq0rext2y34auhjj70t6
The reward is 440 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block # 59621
2021-05-17 06:14
The address bgl1qvapfvztjp5yzpkvvcwppeqn88qvtr6fj0vxscw (107319 transactions).
The reward is 2200 BGL

Reward txid is 2b447a408a1f210a0be7493f53f242a50ef92d9e658b9e562e36e2fd2444945f

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: NotHatinJustTrollin on May 17, 2021, 06:48:22 AM

Hello all, i'm newbie for BitGesell. Can someone help me ?

I need to install my wallet, but it doesn't sync within hours. Please consider it, thanks so much

First, welcome to this topic and it is good to have one more participant as well as one more investor.

Second, let's try to config your console.
Windows to Console.
Type as follows

Code:

addnode 206.189.134.53:8454 add
addnode 139.59.213.193:8454 add
addnode 91.198.220.48:8454 add
addnode 193.122.150.155:8454 add
addnode 89.38.99.123:8454 add
addnode 23.111.202.71:8454 add
addnode 195.133.53.221:8454 add
addnode 212.71.233.254:8454 add
addnode 92.223.109.37:8454 add
addnode 157.245.111.90:8454 add

Close your wallet and re open it.

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

Quote from: vanorton on May 17, 2021, 01:11:12 AM

Quote from: my luck on May 15, 2021, 03:07:17 PM

To support the network, I rent several Linux VPS. There are cases that due to the fault of the hoster, the VPS is rebooted and then my nodes do not work until I check and make a hands start. Is there an option to use the service to make the node start automatically if the VPS was rebooted?

You can you the standup script, it's located here https://github.com/BitgesellOfficial/bitgesell/blob/master/tools/standup-scripts/StandUp.sh

Yes, thank you, this is a good solution.

I think this project can expect real success. Now the market capitalization is still very low. But over time, BGL will enter the top 1000, then the top 500, then the top 300. This will attract additional users and followers.
When the level of interested people is much higher, then we will see the corresponding price for the BGL coin.

Quote from: NotHatinJustTrollin on May 17, 2021, 06:48:22 AM

Can someone help me ?

Did you download the last wallet version using this link? https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.5/bitgesell_0.1.5_win64-setup.exe

NotHatinJustTrollin

full member

Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

Hello all, i'm newbie for BitGesell. Can someone help me ?

I need to install my wallet, but it doesn't sync within hours. Please consider it, thanks so much

vanorton

jr. member

Activity: 33

Merit: 17

Quote from: my luck on May 15, 2021, 03:07:17 PM

To support the network, I rent several Linux VPS. There are cases that due to the fault of the hoster, the VPS is rebooted and then my nodes do not work until I check and make a hands start. Is there an option to use the service to make the node start automatically if the VPS was rebooted?

You can you the standup script, it's located here https://github.com/BitgesellOfficial/bitgesell/blob/master/tools/standup-scripts/StandUp.sh

my luck

legendary

Activity: 2744

Merit: 1706

bitgesell.fun & bitgesell.space

To support the network, I rent several Linux VPS. There are cases that due to the fault of the hoster, the VPS is rebooted and then my nodes do not work until I check and make a hands start. Is there an option to use the service to make the node start automatically if the VPS was rebooted?

synthgauge

hero member

Activity: 1150

Merit: 502

Quote from: Bitstar_coin on May 15, 2021, 12:07:36 AM

Quote from: Gekkoo on May 08, 2021, 05:10:37 AM

Quote from: FutureBitcoin on May 08, 2021, 03:46:26 AM

Again, there is no support. Short-term growth is accompanied by market sales.

And I also see information that the developer has stopped visiting the bitcointalk forum.

Why are you so interested in price growth? Prices will not change because you want to, so be patient. The fact that the dev is a few days away does not imply current prices. How many projects have dev active on btctalk every day? Of course the volume, support will come when BGL develops further.

Between this coin only trade mostly on crex24 what do you expect! If you want to see high volume I'm trading then perhaps encourage the team to extend to more exchange if not don't expect to see high volume right now,
The dev shouldn't be active here all the time and concentrate on working on the project rather.

True that. I also dont see much of advantage in holding this. Store of value? They call it store of value only because they have higher emission due to transaction fee burn? Why not pay the fees to block producers to incentivize security and higher % of participation in the consensus? The logic of it is thinner than resistance of a cloud of fart to the sea storm.

coin-investor

hero member

Activity: 3080

Merit: 616

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitstar_coin on May 15, 2021, 12:07:36 AM

Quote from: Gekkoo on May 08, 2021, 05:10:37 AM

Quote from: FutureBitcoin on May 08, 2021, 03:46:26 AM

Again, there is no support. Short-term growth is accompanied by market sales.

And I also see information that the developer has stopped visiting the bitcointalk forum.

Why are you so interested in price growth? Prices will not change because you want to, so be patient. The fact that the dev is a few days away does not imply current prices. How many projects have dev active on btctalk every day? Of course the volume, support will come when BGL develops further.

Between this coin only trade mostly on crex24 what do you expect! If you want to see high volume I'm trading then perhaps encourage the team to extend to more exchange if not don't expect to see high volume right now,
The dev shouldn't be active here all the time and concentrate on working on the project rather.

The dev is very active here updating us and developing the project, in fact they have an ongoing campaign right now, go check the developer's profile and check her post, her latest post was yesterday, we will soon get there, all we have to do is to support the project buy and HODL.

Quote from: EmmaWu on May 14, 2021, 01:15:11 AM

https://gitcoin.co/issue/wu-emma/bitgesell/31/100025729
https://gitcoin.co/issue/wu-emma/bitgesell/32/100025731

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Quote from: Gekkoo on May 08, 2021, 05:10:37 AM

Quote from: FutureBitcoin on May 08, 2021, 03:46:26 AM

Again, there is no support. Short-term growth is accompanied by market sales.

And I also see information that the developer has stopped visiting the bitcointalk forum.

Why are you so interested in price growth? Prices will not change because you want to, so be patient. The fact that the dev is a few days away does not imply current prices. How many projects have dev active on btctalk every day? Of course the volume, support will come when BGL develops further.

Between this coin only trade mostly on crex24 what do you expect! If you want to see high volume I'm trading then perhaps encourage the team to extend to more exchange if not don't expect to see high volume right now,
The dev shouldn't be active here all the time and concentrate on working on the project rather.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: EmmaWu on May 14, 2021, 01:15:11 AM

https://gitcoin.co/issue/wu-emma/bitgesell/31/100025729
https://gitcoin.co/issue/wu-emma/bitgesell/32/100025731

Emma,

I think the BitGeSell team should announce this promotion on Twitter. The award for winners are high enough to catch attention of bounty hunters.

I checked the Twitter account of this project and can not find any tweet about this promotion.

EmmaWu

copper member

Activity: 161

Merit: 67

https://gitcoin.co/issue/wu-emma/bitgesell/31/100025729
https://gitcoin.co/issue/wu-emma/bitgesell/32/100025731

Sanitough

hero member

Activity: 2954

Merit: 719

Quote from: OcTradism on May 13, 2021, 05:01:38 AM

Where is the rally come from? BitGeSell rallies up to 50% and HotBit exchange

BitGeSell rallies up to 50% and HotBit exchange has been back for your trading. If you have your BitGeSell coins on Hotbit, your orders were canceled by the exchange. Go ahead, remember to reset your account password and set up your new orders.

It's surprising that BGL pump when the majority of the altcoins are dumping now/.
I don't know where it's coming but I think it's not a big deal because the trading volume is still low.

I'm happy that Hotbit is already back in operation, but hopefully, BGL will earn a decent volume.

OcTradism

hero member

Activity: 1722

Merit: 801

Where is the rally come from? BitGeSell rallies up to 50% and HotBit exchange

BitGeSell rallies up to 50% and HotBit exchange has been back for your trading. If you have your BitGeSell coins on Hotbit, your orders were canceled by the exchange. Go ahead, remember to reset your account password and set up your new orders.

hodap

full member

Activity: 306

Merit: 102

I have checked the rich list and wanted to know if the first wallet is a wallet to finance the project or is that one person that holds so much? Another question is when you make a transaction 90% of the fees get burned. What are the average transaction cost and can BGL facilitate more transactions than BTC per block? The goal would be to have lots of transactions but why should someone use BGL? There is also not a lot of liquidity on exchanges.

sukoyomi

full member

Activity: 948

Merit: 110

The price continues to fall, but this is definitely not the effect of the node incentive program, right? What's the feared is that the price will return to what it was in August 2020 last year, which remained stable like that for almost 6 months, will be so sad to meet it again.
I notice they have done a campaign to expand the community, I hope it does not give them a disappointing result.

Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 43. (Read 28215 times)