Topic: [ANN] [BNBTC] BNbitcoin: PoW mined bitcoin on Binance Smart Chain (Read 1218 times)

Just to inform you guys that BNbitcoin is currently the most minted PoW token ever!

On Bitcoin’s 16th birthday, we wanted to reflect on how much the crypto world has changed. Apart from the fads of the moment—which by definition are short-lived—BNBTC will always remain faithful to those who, tired of memecoins and similar trends, choose to return to the origins, at least as we interpret them in following Satoshi’s true vision. At the same time, the ability to leverage a programmable EVM-based blockchain with acceptable usage costs is a nod to innovation and the progress made since 2009.

What else can we say? Thanks to everyone, but above all… thank you, Satoshi!

If BNBTC’s mining were to stop by the miners’ decision, there would be no security issues because the underlying BNB Chain network would continue to provide a very robust shield. In fact, this is also an advantage from both an environmental and security standpoint.

The nearly four years that have passed have allowed many people to clarify their thoughts about BNBTC. Time has been an impartial judge that has revealed the true nature and founding principles of the project, which is still a niche endeavor, still in its early stages.

Some complain that there are no marketing funds, but since the project is 100% owned by the Community, even if progress is slower, any progress made is genuine (and not artificially fabricated), and that is what truly matters. After all, what is a project without a Community? The most important success of BNBTC has been bringing together people united by the same principles of transparency and impartiality, and that is truly priceless. Moreover, though small, the Community continues to grow day by day.

Thanks to the support of Community members, BNBTC is also available on Xeggex. (NFA, DYOR)

There are undoubtedly other goals for the near future, but these are always decided and shared among Community members. The most important thing is to let people know that the project exists; everyone can then decide whether to ignore it or become part of it, thereby enriching the Community with new supporters or enthusiasts.

BNbitcoin 1390 Days – 100% Uptime, 0 Bugs, 0 Exploits, Locked Contract, 5-30 Settlement Time

Uptime – BNbitcoin vs Bitcoin
BNbitcoin has achieved 100% uptime since its deployment on the BNBChain, surpassing Bitcoin. Bitcoin Maxis are reluctant to acknowledge that Bitcoin experienced two significant halts: the first on August 15, 2010, and the second on March 10, 2013 (Bitcoinuptime.com).

Exploits – BNbitcoin vs Bitcoin 
BNbitcoin has also outperformed Bitcoin in terms of security, as its contract is locked since deployment on the BNBChain. No modifications can be made to the BNbitcoin smart contract. Bitcoin Maxis do not want to admit that Bitcoin has been exploited twice. The first exploit occurred on August 15, 2010, due to the CVE-2010–5139 bug, which led to the minting of 184 billion BTC. The second potential exploit, CVE-2018–17144, was discovered on September 17, 2018, by a Bitcoin Cash (BCH) developer who took action before it could be exploited (medium.datadriveninvestor.com).

Annual Costs – BNbitcoin vs Bitcoin
BNbitcoin has surpassed Bitcoin in terms of cost efficiency, with its contract secured on the BNBChain at zero cost. In contrast, Bitcoin incurs annual costs of approximately $200 million, which continue to rise, making it an unsustainable model in the future.

Finally, there is a white-hat bug bounty of $100,000 for anyone who can halt the BNbitcoin smart contract for 24 hours.

BNbitcoin is in good health and working perfectly, proof of this was the first halving event that occurred in September 2024.

The block reward of 50 tokens was reduced to 25 tokens for the current era.

I agree—FPGAs are more efficient than GPUs, but their limited market availability and niche nature certainly don’t help with the token’s widespread adoption.
Fortunately for BNBTC, mining isn’t tied to the network’s security but only to its distribution method. As a result, the protection offered by the BNB Chain remains intact, and users can rest assured that a 51% attack won’t be possible even if a farm with a huge number of FPGAs—or even ASICs—were to appear overnight. I think this is a big advantage compared to all the other fairly distributed PoW-mined projects out there.
Anyway there are rumors that community developers are working on this specific topic... We’ll see what happens in the coming months... In any case, it will be up to the community to decide what to do if new proposals arise.

yay 

go FPGA 

Now 6 people in whole world can mine for profit...   

BNbitcoin passed a smart contract audit at Y3TI.uk !

Link   -->   https://www.y3ti.uk/contracts/BNbitcoin-Token

It'll be added to the BNBTC linktr.ee info collector  -->  https://linktr.ee/bnbitcoin

See you! 

BNBTC is live and strong, an update was needed to this post! 

FPGA devices (like Hashaltcoin Blackminers F1 and F2) are now the standard tech for mining, and the mining pool is now at https://0xpool.me.

You can monitor BNbitcoin statistics at https://stats.bnbitcoin.org.

The main info website has been updated to the current data, check it out at https://bnbitcoin.org.



Have a great day! 

Just to keep you updated:
BNBTC is listed on CMC since a while:
https://coinmarketcap.com/currencies/bnbitcoin/

A community contributor created a page to view the actual contract stats.
http://bnbitcoin.xyz

There are currently more than 4.000.000 BNBTC beeing minted, distributed to 3289 holders, while this number is increasing every day.
Currently overall hashrate has just been massively increased and is now about 9-10 TH.
Just for comparsion: a NVIDIA RTX 3080 GPU does about 1800MH/s, so this is the equivalent of about 5500 such GPUs.

Not bad for a "SCAM" token, right?

You're right. BNbitcoin has not been audited by a big company until now.
The source has just been audited by the community. It is no rocket science to understand the contract and its functions. Anyone with some basic solidity knowledge can do this.
Since it's a PoW community project not funded by big companys, having ICOs, presales or big developer wallets, there is only the community who could pay the 10k USD to pay such an audit.
There is a project development funding wallet where donations for such things can be sent. See the website for details.

Yes, a new account registered because you want to learn more about this project
Do you think it has investment value

Well you tagged me.  Im the guy pointing out the claim its been audited is untrue.  BNbitcoin even conceeded the point that it actually hasnt been audited.

If its good seems an audit would be something already done.  See false equivalence.
Another project this is “based” on was…that is not the same as this one having been audited.


So my point still stands…mr…new account just made yesterday.

Hello, do you still think BNBTC is a scam? Thank you

Is there a professional who thinks BNBTC is a scam? Thank you

I'm pleased to announce that the first BNBTC mining pool is now open for public testing!
You can download the easy-to-use BNBTCminer here: https://github.com/Mineions/BNBTCminer/releases
Just enter your wallet address into the configuration file and start mining.

Or just use http://bnbtcpool.crnx.org:8080/ as pool server for other miners.
See http://bnbtcpool.crnx.org/ for stats.

there must be a misunderstanding.
As far as i can see bnbtc just USES the fact that bsc has fixed the high gas fees.
The fees are much lower to mine and especially trade compared to e.g. 0xbtc.

This BNbitcoin is talking about low gas fee, isn't that what BSC fixed? Op makes it sounds like BNbitcoin just did that right, honestly I don't see how this coin will be demanding other than people mining it, so listen to this, stop already mining isn't adoption

as far as I know it's the first commodity existing on bsc, it's deflationary like btc and you can trade it for much lower fee's on BSC than ETH.

so for me it aggregates all benefits.

What is this project trying to solve apart from been the first POW coin to exists on BSC is that all that this bnbitcoin have to offer? We are now in a different time in crypto space, even new POW coins must have good use case