Topic: [ANN] [BNBTC] BNbitcoin: PoW mined bitcoin on Binance Smart Chain (Read 1019 times)

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

I've to say that this is definitive no scam.
I've already minted my own bnbtc and can say I will keep on it.

make a picture yourself at:

https://bscscan.com/token/0xe7cb24f449973d5b3520e5b93d88b405903c75fb#balances

Good news / update: 2nd difficulty adjustment period has been reached (4032 epochs) a little early thanks to the solo-miners' firepower.
Difficulty therefore readjusted, but it is still quite easy to mine blocks. It's still a good moment to join in... 

Yes, for sure we will ask for an audit to have confirmation that the contract is 100% aligned with the 0xbitcoin contract.

But we are sure when we say that the contract is equivalent because in Solidity there are 2 kinds of functions:

1) State-modifying functions (transfer, mint,...) which alter the state of the blockchain and require gas to be activated.
2) Callable (read-only) functions (name, symbol,...): they do not alter the state of the blockchain and hence do not consume gas.

The BEP-20 standard for the Binance Smart Chain, at paragraph 5.1.1.6, requires an extended method getOwner() function not available in the EIP-20 standard: this method is a read-only function (point 2) above) that provides the contract owner address when called.
We introduced such function to be compliant with BSC, but all the state-modifying functions have been left unaltered in their structures respect to the 0xbitcoin smart contract.

You can verify this by comparing the deployed source codes.

But yours isnt audited.  Some elses is not the same as this one being audited...you are making a false equivalence. 

Get it audited not point to another and say we are same.....

Important notice:

Some users are complaining because we said that inside the miner tokenminer.ini settings of the MVis-tokenminer app, the private key is required, while they have never used their private key for mining.

Let's make the following clarifications:

For SOLO mining (the configuration we refer to) the private key is necessary to sign the minting transactions.

For POOL mining (as we think that many user experienced this kind of 0xbitcoin mining) the private key is not requested.

This Youtube video clarifies this aspect

Today we do not have pools ready for BNbitcoin (and there is no need of pools since difficulty is low), exactly like 3 years ago in the earlier days after 0xbitcoin contract deployment.


The two ways of mining are different: with pool mining the miner contributes with his computational resources (powerful GPU or mining rig), but does not pay any fee for submitting solutions (and this is the reason why the private key is not required). In this case the private key of the pool masternode account is used to sign the transaction towards the contract (and hence is the masternode account that pays the gas fees and takes the reward which is after splitted between the contributors/miners proportionally to the shared computational power).

For solo mining you are the pool of yourself, then you are your own masternode and you have to use your account + your private key to submit minting solutions to the contract and to pay the gas fees.


Now it's clear that both wanganxiu and miner29 were referring to pool mining, but we refer to the solo mining (like in post #3) because today no pools are available: this alignment was necessary.

You are not fair. You have omitted the remaining part of the description: all the state modifying functions are IDENTICAL! We have introduced only a callable getOwner() function, as required in the BEP-20 standards.
Hence the contract safety is IDENTICAL! Maybe you did not compared the contracts...

Luckily both the contracts are verified and publicly readable, and everyone can verify what I'm saying...