Topic: Bitcoin Squared [BTCSQ] Proof Of Proof -mining. (Read 105 times)

No not yet. Main net just started 1 week ago.
Most of the new coins do now have Exchange and mobile-wallet from the start.
Sometimes you get the best rewards when coin is not yet listed to an exchange and thousands of other miners don't know about it yet.

Anyway it's worth of trying. Even low-spec PC can POP-mine BTCSQ.

- Next steps on the roadmap:
1.  Better explorer
2.  Electrum light wallet
3.  an Exchange.

Is this coin listed on any exchanges yet? That's what most miners want to see, the will to be able to sell their coins or trade them on exchanges, also why no mobile wallet for this coins? Not all miners have access to free computers that they can run wallets from I don't know why most new coins do this mistake

Hi,

Just wanted to share info about this technology called  Proof of Proof mining / POP Mining.

First things first, some links:
https://veriblock.org/labs/btcsq/

BTCSQ Uses VeriBlock’s Decentralized, Trustless, Transparent, and Permissionless (“DTTP®”) Proof-of-Proof® (“PoP®”) Mining Protocol
BTCSQ is Secured Against 51% Attacks Using Bitcoin’s Full Mining Power.

Some wikipedia info. Some old info, haven't been fully updated yet. BTCSQ went to Mainnet  Last Friday after extensive beta phase period.
https://wiki.veriblock.org/index.php/BTCSQ

Original Bitcointalk Bitcoin Squared -thread:
https://bitcointalksearch.org/topic/ann-bitcoin-squared-btcsq-a-bitcoin-based-altchain-secured-by-veriblock-5376079

Best thing about POP-mining is that it doesn't need much CPU or GPU power, you can still use your computer for other tasks or CPU / GPU -mining.


Join us on Discord:
https://discord.gg/wJZEjry


Here is a quick guide how to start POP-mining.


1.Download  Package:
https://mirror.veriblock.org/BTCSQ-master-734a3a0-win64.zip
https://mirror.veriblock.org/BTCSQ-master-734a3a0-linux-x64.zip

2. Extract zip
---------------------
NODECORE.
3. Go to nodecore-0.4.13-rc.8.dev.1 -folder.

4. Run download_mainnet_bootstrap.bat . Downloading takes 1-3 hours depending on your bandwidth.

5. When  the download is complete, Go to nodecore-0.4.13-rc.8.dev.1\bin  and run nodecore.bat

6. Let Nodecore sync. When it's synced you should have local block number  the same as network block number.

7. let Nodecore run on the background background
---------------------
BTCSQ -wallet
8. Go to \BTCSQ-master-734a3a0-win64\BTCSQ-master-734a3a0 -folder

9. run start-btcsq-qt.bat
---------------------
POP-MINER
10. go to BTCSQ-master-734a3a0-win64\altchain-pop-miner-0.4.13-rc.8.dev.1\bin

11. edit application.conf
 - feePerByte: 1000     *Higher the value the better chance you have to do successful  POP-minin. Total transaction fee is calculated following way = 256 x fee per byte, In example 256 x 1000= 0.00256 vbk.
- autoMineRounds: [4]  Default setting only mines round 4, which is every 20th block. I use [1,2,3,4]
See https://wiki.veriblock.org/index.php/HowTo_run_PoP_Miner  - for more setup info.

round4 = every 5th block, i.e. keystone (highest reward)
round1 = 1,4,7,10,13,16,19
round2 = 2,5,8,11,14,17
round3 = 3,6,9,12,15,18

payoutAddress: "INSERT PAYOUT ADDRESS" .* Get your payout address from BTCSQ wallet.*

id: 252980111103   *Leave this as it is. *

12. Run altchain-pop-miner.bat. You will see VBK-address displayed on the screen. Same address can also be found in mainnet.vbkwallet -file which you can open in Notepad  after the first run.

13. Fund VBK address, minimum is 10vbk. Go to www.bittrex.com and buy VBK. Another option is to  OTC trade. You can also GPU mine VBK to fund your POP-mining.

 One decent GPU gives you enough VBK-for POPing.
Mining pools for VBK:  https://miningpoolstats.stream/veriblock
Supported miners: T-rex, Wildrig. Algo Progpow-veriblock.

14. That's it, you are now POP-mining!