Topic: [ANN] [BNBTC] BNbitcoin: PoW mined bitcoin on Binance Smart Chain (Read 1198 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

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...

Just to clarify:

WE HAVE NO WAY TO ACCESS YOUR ADDRESS + PRIVATE KEY!

You set them inside YOUR tokenminer.ini file and THERE IS NO WAY for us to retrieve information about your private key!!!!!

Look yourself at the smart contract:

        function mint(uint256 nonce, bytes32 challenge_digest) public returns (bool success) {


            //the PoW must contain work that includes a recent BSC block hash (challenge number) and the msg.sender's address to prevent MITM attacks
            bytes32 digest =  keccak256(challengeNumber, msg.sender, nonce );

            //the challenge digest must match the expected
            if (digest != challenge_digest) revert();

            //the digest must be smaller than the target
            if(uint256(digest) > miningTarget) revert();


            //only allow one reward for each challenge
             bytes32 solution = solutionForChallenge[challengeNumber];
             solutionForChallenge[challengeNumber] = digest;
             if(solution != 0x0) revert();  //prevent the same answer from awarding twice


            uint reward_amount = getMiningReward();

            balances[msg.sender] = balances[msg.sender].add(reward_amount);

            tokensMinted = tokensMinted.add(reward_amount);


            //Cannot mint more tokens than there are
            assert(tokensMinted <= maxSupplyForEra);

            //set readonly diagnostics data
            lastRewardTo = msg.sender;
            lastRewardAmount = reward_amount;
            lastRewardBscBlockNumber = block.number;


             _startNewMiningEpoch();

              Mint(msg.sender, reward_amount, epochCount, challengeNumber );

           return true;

        }



I hope someone who's reading this post, and knows the 0xbitcoin project, can explain, maybe better than us and with other words, that their account is safe.

Thats how you can tell....have been post attcked by another scam coin operator here as well.
They hate when you point out what and why its a scam.  They throw a tantrum..and froth...but easy to look at anybodies posts and see...are they helping or scamming.  So merit for you sir...youve earned it.👍

Very bad surprise that an expert of this forum tells we are scammers. 

Our contract is verified, the source code can be read by everyone: why scammers should make their contract publicly readable?

Our contract derives from 0xbitcoin contract, and it is identical in terms of state-modifying functions. Are then you telling that they also are scammers??? then also all those who audited the contract are scammers too???

Please, if you have troubles with mining, ask directly us what the problem is before offending people that only want to promote the use of cryptos.

You are free to not trust in the token mining system, but please, do not offend honest people.

The address and privateKey are required to submit solutions to the smart contract, in other words they are used to sign transactions that allow the tokens to be minted  (see "mint" function inside the smart contract) and to be transferred into your wallets if you win the challenge.

We report in any case, the complete tokenminer.ini and start-mining.bat, both for GPUs and CPUs files to launch the MVis-tokenminer v2.2.0 (the latest you can download from here), already configured for mining (simply copy-paste, you have to edit only the section related to your miner address):

------------------------------------------------
tokenminer.ini file:
------------------------------------------------


[General]

; BNbitcoin tokenminer.ini file

;--------------------------------------------------------
[Node]

; BSC RPC Endpoints, select one of these
;
; https://bsc-dataseed.binance.org
; https://bsc-dataseed1.defibit.io
; https://bsc-dataseed1.ninicoin.io


Host=https://bsc-dataseed.binance.org
RPCPort=

;--------------------------------------------------------
[Node2]

;--------------------------------------------------------
[0xBitcoin]

; SOLO MINING: Your BNB account and private key.  Note the PK does NOT start
;   with 0x.  Mining rewards will be deposited to this account.  Transaction
;   fees will be DRAWN from this account.  Make sure you have enough funds!!
;   If you have multiple mining rigs, make sure each rig is running under a
;   separate BNB account, to prevent nonce collisions if they happen to submit
;   txs at nearly the same time.

MinerAcct=0x........................................
AcctPK=................................................................

; Difficulty assignment.  Defaults to Pool assigned.  You can also
; specify a value in minutes to have the miner self-assign a difficulty
; level to target an average number of minutes per share.
; Currently, no mining pools support self-assigned difficulty.
MinutesPerShare=Pool

; BNbitcoin contract address. normally you will not change this.
TokenContract=0xE7Cb24F449973D5B3520E5b93D88B405903c75Fb

; THE REMAINING SETTINGS IN THIS SECTION APPLY ONLY TO SOLO MINING:

; when your miner finds a solution, transactions will be submitted with this
; amount of gas (gwei).  You can change this setting 'on the fly' (without having
; to restart the miner).  All other setting changes require the miner to be restarted.
GasPrice=10

; Set to 1 to enable gas price bidding.  Transactions will be submitted
; with [GasPrice] gas, unless there is someone else bidding, in which case
; the gas price will be set to the price of the competing bid + [BidTop], up
; to a maximum of [MaxGasPrice]. This feature has only been tested when running
; Geth as a local node.  It is NOT supported by Infura nodes.
GasPriceBidding=0

; max gas price you're willing to bid up to
MaxGasPrice=35

; gas limit used when submitting solution
GasLimit=200000

; the # of gwei to top the highest bidder
BidTop=2

; if you have multiple mining rigs, specify a shared folder to make sure
; multiple miners don't try to submit a solution for the same challenge.
; eg. ChallengeFolder=\\DESKTOP\folder_name
ChallengeFolder=


;--------------------------------------------------------
[ThermalProtection]

; Temperature provider ('amd_adl' or 'speedfan')
TempProvider=speedfan

; Default temperature at which GPU throttling is activated. This applies to all GPUs on this mining rig.
; Note: throttling is at the hashing level, not the driver level.
ThrottleTemp=75

; Number of seconds after which the entire mining rig will shutdown if one or more GPUs
; remain at or above ThrottleTemp.
ShutDown=36000







------------------------------------------------
start-miningGPU.bat file:
------------------------------------------------

.\tokenminer.exe -G -S
pause






------------------------------------------------
start-miningCPU.bat file:
------------------------------------------------

.\tokenminer.exe -C -S
pause






Hope this helps
Tell us if you still experience problems.

It's a scam. . . I reminded it all above. . . The developer also complained about me. . . .

Definitely scam project.
Token cannot be mined

User wanganxiu called it correctly....OP wants your wallet keys to steal your crypto.  Nothing more.

NEVER give your keys/seed....no legitimate project needs or wants those.

Nothing of value here.

Like several other new coins (or not so new) thst have no value , no future, and are just scams. 

Hey guy, we suggest you to study before writing things you don't know or are not able to manage.

It is beautiful to increase your knowledge, and furthermore it may help you to find also new jobs: study Solidity, study our verified smart contact, study the 0xbitcoin contract audit, study EVM, study how the token mining works (check also 0xbitcoin.org which has several interesting videos about that) and avoid to use "red" to highlight your nonsensical, lying foolish sentences.

You are deceiving people. No one has mined them. All three addresses are coins that you transferred to them. . No one has dug up at all. . . You are fooling everyone. There is evidence here, for a long time, is a new project so difficult to mine? ? You also said that others are mining at high gas costs, you just want everyone’s private keys to steal coins
https://bscscan.com/token/0xe7cb24f449973d5b3520e5b93d88b405903c75fb

Now, in this moment, someone is mining at 0.25 USD per minting... Check the price on the Ethereum mainnet for the same transactions for 0xbitcoin... you will see the differences by yourself. 

And, btw, there was nothing to fix on Binance Smart Chain: it works fine. 

Sorry but you didn't follow our guidelines properly: There not exists a pool and the command you entered (.\tokenminer.exe -G -P --opencl-platform 0) is not correct.

The option -P is wrong, you have to use -S


Please follow exactly the provided guidelines.

Sorry, but maybe you badly interpreted how the contract works.

You do not give your private key to anyone: it is needed to submit solutions of the challenge to the contract to claim the reward.

Check also 0xbitcoin: it exists from 3 years on now and nobody has never stolen a single satoshi...

Please, be careful prior to shoot wrong statements...

Binance smart chain already fixed the issue with high gas fee already, now you running a new project on BSC itself and claiming that you want to fix high gas fee issue? This is a complete waste of time

Need a private key, be careful that the coin is stolen and cannot be mined

C:\Users\Administrator\Desktop\uuu\tokenminer>.\tokenminer.exe -G -P --opencl-platform 0

 MVis-tokenminer 2.2.0
 =====================================================================
 Forked from github.com/Genoil/cpp-ethereum

 Please consider a donation to mining-visualizer.eth  (0xA804e933301AA2C919D3a9834082Cddda877C205)

d14 09:01:18.699> No OpenCL platforms found
d14 09:01:18.730> Switching to failover node
d14 09:01:18.746> Switching to failover node
d14 09:01:18.761> Switching to failover node
d14 09:01:18.777> Switching to failover node
d14 09:01:18.792> Switching to failover node
d14 09:01:18.808> Switching to failover node
d14 09:01:18.824> Switching to failover node
d14 09:01:18.855> Switching to failover node
d14 09:01:18.871> Switching to failover node
d14 09:01:18.886> Switching to failover node
d14 09:01:18.902> Switching to failover node
d14 09:01:18.917> Switching to failover node
d14 09:01:18.933> Switching to failover node
d14 09:01:18.949> Switching to failover node
d14 09:01:18.964> Switching to failover node
d14 09:01:18.996> Switching to failover node
d14 09:01:19.011> Switching to failover node
d14 09:01:19.027> Switching to failover node
d14 09:01:19.042> Switching to failover node
d14 09:01:19.058> Switching to failover node
d14 09:01:19.074> Switching to failover node
d14 09:01:19.089> Switching to failover node
d14 09:01:19.105> Switching to failover node
d14 09:01:19.136> Switching to failover node

For example, for a starting config for solo-mining, you can download the latest copy of MVis-tokenminer here.

Unzip the miner, and edit the tokenminer.ini file to adapt it for the BNBTC token and the Binance Smart Chain in the following sections:


Host=https://bsc-dataseed.binance.org
RPCPort=[leave this field empty]

MinerAcct=[0x... your miner account with some BNB balance]
AcctPK=[private key of your miner account without 0x prefix]

TokenContract=0xE7Cb24F449973D5B3520E5b93D88B405903c75Fb

GasPrice=10 [..or more according the mining competitors...]

GasLimit=100000 [ore more...]

You can set the other parameters according your hardware configuration (TempProvider, ThrottleTemp, ShutDown)

Once you have set tokenminer.ini you can create (or modify if it already exists) a "start-mining.bat" file with:


.\tokenminer.exe -G -S
pause



(this is valid for GPU-based mining, for CPU you have to replace -G with -C).

Then you go, with a command prompt, in the miner folder and launch .\start-mining.bat

I suggest to keep a bscscan.com window open on the contract and refresh it to check the alignment between your activity and the rest of the miners interacting with the contract.

For further details about MVis-tokenminer you can visit their GitHub repo here.


Thanks for your interest in the project!
Hope this helps

Detailed configuration of mining software? ? ? ?

The reason why BNBTC is born: after the DeFi massive widespread on the Ethereum mainnet, gas fees for transactions have become too high. This has a relevant and heavy impact on all the projects, and particularly if considering mined-tokens: submitting solutions and claiming rewards have become too expensive.
The alternative is offered by the Smart Chain: with its low gas fees, fastness and smart-contract execution capabilities, it is the most suitable environment to give rebirth to bitcoin through the tokenized minable asset BNBTC.








Start mining now (SOLO MINING!! no pools yet):


You can use the mining sw already used for 0xbitcoin (i.e. MVis-tokenminer) , but with the following settings:

Target contract address: 0xE7Cb24F449973D5B3520E5b93D88B405903c75Fb

RPC URL: https://bsc-dataseed.binance.org

You have to use an address with some BNB on the Binance Smart Chain to pay the (small) gas fees.


You can start with gasPrice=10 and gasLimit=100'000 and then go up to have more chances to take the rewards.

Tested both with CPU (Intel/AMD) and GPU (NVIDIA, older and newer). Tested successfully also on other main Binance RPC URLs



Have a nice mining!