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Topic: [ANN] [Ethash PoW] Bitnet: Peer-to-Peer Programmable Money Network - page 2. (Read 1864 times)

newbie
Activity: 13
Merit: 0
restart


looking for peers                  peercount=0

only these lines run

You can add me on discord if you want masayoshikob#7106 I can't reply here with less than 6 minutes apart posts.
newbie
Activity: 13
Merit: 0
restart


looking for peers                  peercount=0

only these lines run

What the software will do before it enables your mining is to sync with the network, create the dag tree, and then your hash input will start from the block where your node synced and the dag was created. A discord server will come in due course. it has been less than 24h since the pre-release code was published, so there's a lot we need to do still.

In what OS are you?
newbie
Activity: 13
Merit: 0
create Discord.
nothing is clear, but very interesting

There's a forum that i forgot to mention https://bitnet.money/forum/
there are no answers to my questions

I replied before seeing your latest post. The client should connect automatically to the preloaded peers, so you don't really need to do anything in that regard to start with, and surely could/should connect to more peers as you go. I will be releasing a list of enode addresses for miners to connect to in the forum later on today, all from community nodes.

There's a guide on github on how to mine https://github.com/masayoshikob/bitnet#generating-bitnets-via-mining and if you're on Windows it is as simple as setting your wallet address, executing the `Bitnet.cmd` batchfile script, and enabling mining via the console - you can open it by running `BitnetConsole.cmd`.

Sorry if it is confusing. Could you please let me know what suggestions would you have so I can make it clearer for newcomers?
newbie
Activity: 13
Merit: 0
create Discord.
nothing is clear, but very interesting

There's a forum that i forgot to mention https://bitnet.money/forum/
newbie
Activity: 13
Merit: 0
create Discord.
nothing is clear, but very interesting

Hi vitik, I'm sure it will be created at some point, but I was hopeful that it would be by someone in the community. I'm happy to join, answer and participate, just don't have the time to manage it. Between the paper, website, and github there's a lot of info, but feel free to ask anything you find isn't clear here and I'll respond promptly.
newbie
Activity: 13
Merit: 0
When I run command " sudo ./bitnet.node.sh ",
it return error "Starting node...
invalid command: "bitnet.db".

Have you ran
Code:
sudo chmod 755 bitnet.node.sh
?

If it still doesn't work, try bypassing the script, starting the node with flags instead. Eg.:

Code:
sudo bitnet --datadir bitnet.db --networkid 210 --miner.etherbase YOURWALLET --config .config

Tell me if it works.
newbie
Activity: 3
Merit: 0
When I run command " sudo ./bitnet.node.sh ",
it return error "Starting node...
invalid command: "bitnet.db".

newbie
Activity: 13
Merit: 0
Pool is already there from what I see is a bad idea to set ethash based coin without a pool at start Cheesy

2GH diff is not from Gpus I think

I believe it's all cpu mining thus far. I've just released the code unpretentiously, but I believe that that's how decentralised infrastructure should develop, and that's part of the ethos of it all. I'm surprised with the amount of participants though, since it has been released only 13 hours ago.
newbie
Activity: 7
Merit: 0
Pool is already there from what I see is a bad idea to set ethash based coin without a pool at start Cheesy

2GH diff is not from Gpus I think
newbie
Activity: 13
Merit: 0
any discord
pool
explorer
plan exchange

Hi Janu,

I've published the pre-release yesterday, so it is still quite early days. There's apparently a lot of hash already going into the network, and hopefully we will be able to front up a community to create a discord server (among other socials), an explorer, and the pool will be needed too.

As for the exchanges, I envision that if enough people is attracted to the network and the project, there should be an organic interest from them to list Bitnet for trade.
jr. member
Activity: 77
Merit: 1
any discord
pool
explorer
plan exchange
newbie
Activity: 13
Merit: 0
Bitnet: A Peer-to-Peer Programmable Money Network
Masayoshi Kobayashi
[email protected]
www.bitnet.money

I've been working on the creation of a  decentralised network protocol to resolve ideological issues I have against all programmable money networks in existence and their inherent centralisation issues that, in my opinion, disallows them to be used in the formation of the new global financial system.

I am not looking for anything but to share my idea with you, and if you deem it valid, if you could keep a node running that accepts incoming connections, you'll really be helping the network a lot. I'm calling it Bitnet, and I have posted a brief paper with my thoughts on the website.

You can read the abstract below:

Quote
Peer-to-peer networks based on blockchain technology made possible for value to be transferred from one individual to another without the need for an intermediary financial institution, enabling self-custody and full control of funds by the individual participants of such networks. The evolution of the technology started with the launch of Bitcoin in 2009 with a further breakthrough being achieved by Ethereum in 2015 with the introduction of smart contracts, making money highly programmable, enabling the tokenisation of value through fungible and non-fungible assets, and more. Bitcoin’s original intent was to serve as a decentralised medium of exchange, but for reasons we will elaborate further in this paper, it has failed in its core mission, and instead converged into what could be compared to a digital version of gold, or a decentralised digital store of value. Ethereum on the other hand, enables the implementation of more adequate payment technology but fails in being sufficiently decentralised, with more than half of its current supply in circulation (around 70M out of 120M, at the time of writing) being pre-mined, creating an uneven and unfair distribution of the circulating supply of ETH, which is added to the fact it has now migrated from what is seen as an efficient and truly decentralised consensus mechanism, PoW, to an unproven and somewhat fragile PoS consensus mechanism, further favouring big holders at the expense of newcomers. It also has an appointed CEO and a very centralised and concentrated core development team, that hold the de facto power to decide on the implementation of improvement proposals that could drive price, adoption, and the distribution of ETH, making such currency resemblant of a security more than what should be a properly decentralised means of exchange. Bitnet aims to solve these issues by conceiving a PoW implementation of Ethereum to run in parallel with Bitcoin and serve as a truly decentralised vehicle for programmable money, with a built-in monetary policy that favours its usage as a means of exchange rather than a store of value, with a predictable and hardcoded supply creation mechanism that allows for a healthy supply growth over time to foster economic expansion, true decentralisation, and fairness.



What is Bitnet?

Bitnet is a decentralized technology that powers programmable money. Much like Bitcoin, users can make use of the protocol to generate, send, and receive Bitnets among themselves, and like Ethereum, it is also compatible with smart contracts and can be used to develop complex subprotocols that can power programmable money, digital assets, non-fungibles, decentralized autonomous organizations and more.

It has no pre-mined supply, and for a while after the launch, anyone with a regular PC will be able to setup a node, mine, and generate Bitnets. By doing that you will help securing the network and keeping it decentralized. Bitnet can be used with any EVM-compatible wallet, including MetaMask.



Download
Bitnet Client comes with an integrated miner and you can use it to mine both with your CPU and your GPU.

Visit Website: https://bitnet.money/
Join the Conversation: https://bitnet.money/forum
Join the Discord: https://discord.gg/dtw7rKQfRs
Join Telegram: https://t.me/Bitnet_Official_Group
Read the Paper: https://bitnet.money/d/bitnet.pdf


Explorer 1: http://expedition.bitnet.money:3000/ (thanks hashmi9887)
Explorer 2: https://btnscan.com/ (thanks krugzetag, superstar)

Mining Pools: https://bitnet.money/mining-pools/
Compatible Wallets: https://bitnet.money/wallets/
Exchanges: https://bitnet.money/buy/

Follow the progress on Github or send me an email if you have any questions or want to contribute.

Bitnet is open source software, distributed under the LGPL-3.0 license.

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