🚀[ANN]|[BSX]Bitspace🚀|⚡| POW is over|⚡|POS 5% annually|⚡| Own exchange soon - page 14.

hammz

member

Activity: 143

Merit: 10

Quote from: tvance929 on April 09, 2018, 01:28:37 PM

Just read from Stipends website how to 'optimize' your staking by splitting your coins ... instead of 1000 in one address, if you use coin control features then send yourself ( to a newly made address ) 500 coins... you would get more chances for staking. Are you guys cool with this? Does this sound like it would work and is it legit?

It is true. You can use coin control feature to affect the frequency of your POS rewards.
You will not be able to earn more coins .
But you will be able to hit POS blocks more often. (more frequent reward based on your coin age)

Where to enable '' coin control features '' in wallet:

In wallet click at ''Settings'' and then at ''Options''. Once in options menu click at ''Display'' tab.

To use Coin control feature click on ''Send coins'' (tab) and after it on inputs.

In case of BSX best option is minimal 1000 coins as one input to reach more POS blocks.
You can check at BSX block explorer ''extraction'' section.

https://chainz.cryptoid.info/bsx/#!extraction

Use Coin control very carefully. If you have no experience with this feature.
I advice you to check few youtube videos about coin control.

tvance929

newbie

Activity: 52

Merit: 0

Just read from Stipends website how to 'optimize' your staking by splitting your coins ... instead of 1000 in one address, if you use coin control features then send yourself ( to a newly made address ) 500 coins... you would get more chances for staking. Are you guys cool with this? Does this sound like it would work and is it legit?

hammz

member

Activity: 143

Merit: 10

Quote from: SLOWBYTEIT on April 09, 2018, 07:09:54 AM

Quote from: hammz on April 09, 2018, 07:00:33 AM

Quote from: SLOWBYTEIT on April 09, 2018, 06:17:57 AM

good morning I have 9400 bitspace, I would like to know what to do for the pos, I left running the wallet on windows, I have unlocked the wallet, then what else should I do? Is that enough, or do I have to do anything else? I ask for this information because it's been a week since I've opened and unlocked the wallet, but I did not get anything, I did not get any reward. Maybe I misunderstood? Or did I make any mistakes?

Rules for POS are simple:
To recieve POS reward your wallet have to synchonized and unlocked. Coins must be older 24 hours (min. stake age).

(Also make sure you are running on latest windows wallet (version 1.1)

Is your wallet synched?

Hello and thank you, yes my wallet is synchronized and unlocked and the coins are all much older than 24 hours. But I do not have any payment.

Try to delete everything except wallet.dat in your C:\Users\Username\AppData\Roaming\bitspace .....then run the new wallet again. (make sure you run on latest windows wallet version 1.1) (latest wallet is in OP + website + github )
Also make sure your firewall makes exception with Bitspace wallet.

SLOWBYTEIT

newbie

Activity: 24

Merit: 0

Quote from: hammz on April 09, 2018, 07:00:33 AM

Quote from: SLOWBYTEIT on April 09, 2018, 06:17:57 AM

good morning I have 9400 bitspace, I would like to know what to do for the pos, I left running the wallet on windows, I have unlocked the wallet, then what else should I do? Is that enough, or do I have to do anything else? I ask for this information because it's been a week since I've opened and unlocked the wallet, but I did not get anything, I did not get any reward. Maybe I misunderstood? Or did I make any mistakes?

Rules for POS are simple:
To recieve POS reward your wallet have to synchonized and unlocked. Coins must be older 24 hours (min. stake age).

(Also make sure you are running on latest windows wallet (version 1.1)

Is your wallet synched?

Hello and thank you, yes my wallet is synchronized and unlocked and the coins are all much older than 24 hours. But I do not have any payment.

hammz

member

Activity: 143

Merit: 10

Quote from: SLOWBYTEIT on April 09, 2018, 06:17:57 AM

good morning I have 9400 bitspace, I would like to know what to do for the pos, I left running the wallet on windows, I have unlocked the wallet, then what else should I do? Is that enough, or do I have to do anything else? I ask for this information because it's been a week since I've opened and unlocked the wallet, but I did not get anything, I did not get any reward. Maybe I misunderstood? Or did I make any mistakes?

Rules for POS are simple:
To recieve POS reward your wallet have to synchonized and unlocked. Coins must be older 24 hours (min. stake age).

(Also make sure you are running on latest windows wallet (version 1.1)

Is your wallet synched?

SLOWBYTEIT

newbie

Activity: 24

Merit: 0

good morning I have 9400 bitspace, I would like to know what to do for the pos, I left running the wallet on windows, I have unlocked the wallet, then what else should I do? Is that enough, or do I have to do anything else? I ask for this information because it's been a week since I've opened and unlocked the wallet, but I did not get anything, I did not get any reward. Maybe I misunderstood? Or did I make any mistakes?

may142012

member

Activity: 301

Merit: 10

Quote from: BryanX on April 08, 2018, 12:51:36 PM

We are at 110k block, almost there! And uh the difficulty shot up with less miners? Is there a big pool out there im unaware of besides hash4life that made the diff go so high? mining payouts are not so sexy anymore versus the same price the coin has stayed at 0.000000529ish.

How's about holding your coins instead of selling for 50 sats? Duh

doubledata

newbie

Activity: 21

Merit: 0

Quote from: BryanX on April 08, 2018, 12:51:36 PM

We are at 110k block, almost there! And uh the difficulty shot up with less miners? Is there a big pool out there im unaware of besides hash4life that made the diff go so high? mining payouts are not so sexy anymore versus the same price the coin has stayed at 0.000000529ish.

There are few more addresses which took part of a mining reward. You can check that in explorer. Hash4life has approximate average 30% share for last 20k blocks.

BryanX

newbie

Activity: 16

Merit: 0

We are at 110k block, almost there! And uh the difficulty shot up with less miners? Is there a big pool out there im unaware of besides hash4life that made the diff go so high? mining payouts are not so sexy anymore versus the same price the coin has stayed at 0.000000529ish.

phewajack

newbie

Activity: 43

Merit: 0

Quote from: nostromo on April 02, 2018, 01:15:16 AM

From now, you can also vote for BSX on more exchanges.

COBINHOOD.COM

NEXT.EXCHANGE

ALTCOINEXCHANGE

(free votes)

Voted! Every BSX holder should vote. Voting is for free.

MindFunk

jr. member

Activity: 57

Merit: 10

Quote from: matheson123 on April 08, 2018, 11:14:06 AM

POW diff. is high.
How long until block 120 000? And what will change?

3-4 days. POW reward will drop -50%. POS reward will go up x5.

matheson123

member

Activity: 99

Merit: 10

POW diff. is high.
How long until block 120 000? And what will change?

hammz

member

Activity: 143

Merit: 10

Quote from: doubledata on April 08, 2018, 09:49:45 AM

50 minutes without POW block, only POS. Something is strange here!

Check blockexplorer for proper research.

All is fine. Last POW block was generated 1 minute ago. (block 109993)

doubledata

newbie

Activity: 21

Merit: 0

50 minutes without POW block, only POS. Something is strange here!

Egger

jr. member

Activity: 93

Merit: 7

Mining difficulty has jumped quite high now...
Good sign? Wink

But not for my (mining) income Grin

Fast_cris

newbie

Activity: 185

Merit: 0

agree.. at 120k difficulti will ingreese to mutch?

BryanX

newbie

Activity: 16

Merit: 0

BSX is lookin good. Mine it while it gives fat coin payouts.

nostromo

newbie

Activity: 129

Merit: 0

Quote from: hammz on April 07, 2018, 01:05:54 PM

Quote from: tvance929 on April 06, 2018, 03:43:57 PM

Quote from: hammz on April 06, 2018, 03:38:45 PM

Quote from: tvance929 on April 06, 2018, 03:03:35 PM

Quote from: may142012 on April 06, 2018, 02:53:22 PM

Quote from: tvance929 on April 06, 2018, 12:13:37 PM

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere. The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10% interest per year forever.

First year = 25 M (up to block 1 000 000)
Second year = 27.5 M (+10%)
Third year = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

Thank you seriously for that explanation... If you are so inclined, can you explain how this wont affect value since there seems to be a never ending amount?

I mean, it's a unique way of doing it and I like the idea ( big fan of 10% POS ) ... but I just worry about the fact that it will grow by 10% every year... I know it will be diminishing as people spend and dont stake. Hmmmm... breaks my brain just trying to understand the implications.

Once POW will end. You will not be able to mine with GPU miners anymore. (inflation will fall from 10.000% to 10% only)
New coins will be generated only via staking. Only holders will be able to generate new coins. This situation will bring uptrend in value.You will see.

Until block 120 000 there are around 130 k new BSX generated every day (POW reward 100 bsx per block+ POS mining 10% interest per year)

After block 120 0001 there will be generated max around 80 k new BSX every day (POW reward 50 bsx per block+ POS mining 50% interest per year)

After block 450 010 when POW will end..... There will be generated only around 25 K BSX per day. (Only POS generates new coins with reward 50% interest per year)

And after block 1 000 001 when POS will be autoswitched back to POS 10% interest per year. There will be only around 5 K BSX generated every day.

hammz

member

Activity: 143

Merit: 10

Quote from: tvance929 on April 06, 2018, 03:43:57 PM

Quote from: hammz on April 06, 2018, 03:38:45 PM

Quote from: tvance929 on April 06, 2018, 03:03:35 PM

Quote from: may142012 on April 06, 2018, 02:53:22 PM

Quote from: tvance929 on April 06, 2018, 12:13:37 PM

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere. The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10% interest per year forever.

First year = 25 M (up to block 1 000 000)
Second year = 27.5 M (+10%)
Third year = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

Thank you seriously for that explanation... If you are so inclined, can you explain how this wont affect value since there seems to be a never ending amount?

I mean, it's a unique way of doing it and I like the idea ( big fan of 10% POS ) ... but I just worry about the fact that it will grow by 10% every year... I know it will be diminishing as people spend and dont stake. Hmmmm... breaks my brain just trying to understand the implications.

Once POW will end. You will not be able to mine with GPU miners anymore. (inflation will fall from 10.000% to 10% only)
New coins will be generated only via staking. Only holders will be able to generate new coins. This situation will bring uptrend in value.You will see.

tvance929

newbie

Activity: 52

Merit: 0

Quote from: hammz on April 06, 2018, 03:38:45 PM

Quote from: tvance929 on April 06, 2018, 03:03:35 PM

Quote from: may142012 on April 06, 2018, 02:53:22 PM

Quote from: tvance929 on April 06, 2018, 12:13:37 PM

What is the max supply of this coin?

Around 20 millions (guess number, 50% of blocks are from POS), POW ends at block 450 010.

I really like a lot about this coin but it seems so strange that the max supply is not described anywhere. The first page says that POS will continue 'forever' which cant be right and scares me.

After POW end (at block 450 010) there will be around 20 M BSX coins in existence. (in like 5-6 months from now)
After block 450 011 BSX will be pure POS coin with reward 50% interest per year up to block 1 000 000 (block 1 000 000 will be reached in one year from now).
After block 1 000 001 BSX will be auto switched to reaward POS 10% interest per year forever.

First year = 25 M (up to block 1 000 000)
Second year = 27.5 M (+10%)
Third year = 30.25 M (+10%)
etc....(with every new year + 10% coins)

(We will update OP about max supply)

Thank you seriously for that explanation... If you are so inclined, can you explain how this wont affect value since there seems to be a never ending amount?

I mean, it's a unique way of doing it and I like the idea ( big fan of 10% POS ) ... but I just worry about the fact that it will grow by 10% every year... I know it will be diminishing as people spend and dont stake. Hmmmm... breaks my brain just trying to understand the implications.

Topic: 🚀[ANN]|[BSX]Bitspace🚀|⚡| POW is over|⚡|POS 5% annually|⚡| Own exchange soon - page 14. (Read 11811 times)