BitcoinV - Bitcoin with Variable Block Rewards - page 2.

BitcoinV

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Quote from: MiningCoinsPool on October 28, 2019, 04:16:41 PM

Quote from: BitcoinV on October 08, 2019, 07:21:35 AM

Get the BitcoinV Android wallet from the Google Play store:

https://play.google.com/store/apps/details?id=org.bitcoinv

Latest version just release (v1.1.7)

How did you do that ?

Any tutorials that you would suggest ? Thanks

How did I create the Android wallet? Well, I can't answer that in a few sentences. You must know how to program in Java/Kotlin. You must have an understanding of Android. Go grab any decent Android book and read it. Then go look through the Bitcoin codebase and study their code. Eventually with enough experience you will be able to program any Android app to do what ever you want! It is very difficult to do if you have never programed before. Good luck, let Google be your friend!

BitcoinV

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A must read for any Bitcoin supporter:

https://medium.com/@support_43415/satoshis-missing-link-8e738c291110

BitcoinV

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Get the BitcoinV Android wallet from the Google Play store:

https://play.google.com/store/apps/details?id=org.bitcoinv

Latest version just release (v1.1.7)

BitcoinV

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Quote from: adanjr on September 27, 2019, 07:36:14 PM

for a non miner what do i expect in collecting this coin and how do you encourage people like me to be in Bitcoin V?

Great question. At first, BitcoinV may appear to be a coin only for the miners, but the appeal to the miners actually makes it better for the non-miners as well. Users of a coin (the people with wallets and balances) want the blockchain to be as safe and stable as possible. When BitcoinV becomes more mainstream, the Variable Block Rewards (VBR) feature will start encouraging the miners to mine SOLO and become scattered. This promotes more decentralization which in turn satisfies the users by having the hash power and wallets being more scattered. BitcoinV is a win for the miners and the users.

BitcoinV

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Thanks for your support on our mission of providing more decentralization. BitcoinV is on Graviex and BitParax. Our goal is to reach Binance and Bitrex. Please support us by donating:
ETH:
0x43827Cd6AFDAA8bfa78D789e13Cbcf119c64729e
LTC:
MRN6HrqLHHUFAop3LwD1kpugzk7VUgknk8
BTC:
17yVfEbGZqX1Ce4qTmv4QD29DfeohPq2zi

Thanks!

BitcoinV

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Satoshi's Missing Link - VBR Decentralization Algorithm

Find out more at:

http://bitcoinv.org

BitcoinV

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BTCV Android wallet released on Google Play store today. Download the wallet to stay up to date.
https://play.google.com/store/apps/details?id=org.bitcoinv

BitcoinV

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Quote from: AmoreJaz on September 16, 2019, 06:36:35 PM

more decentralized than Bitcoin but how many are actually using this coin for the same purposes of Bitcoin? are miners the only ones who are interested on this?
wondering how far is the scope of this coin?

BTCV is new and thus not known to many people. BitcoinV offers a feature that Bitcoin should have embedded in its original codebase. The Variable Block Reward (VBR) feature naturally forms more decentralization by incentivizing miners to go for the larger block rewards by SOLO mining. Similar to the LOTTO, many people keep playing to try and hit it big.

BitcoinV is and always will be Bitcoin's latest released codebase with the VBR feature embedded inside. This offers the same code quality as Bitcoin. Think of McDonalds vs Burger King. McDonalds invested a lot of money to figure out strategy and execute. Burger King simply just built stores next to McDonalds and made a similar menu. People still enjoy eating at Burger King.

BitcoinV

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BitcoinV has released an iOS wallet for BTCV. Get it on the App Store now!
https://apps.apple.com/us/app/bitcoin-v-wallet/id1480120921?ls=1

BitcoinV

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REEL CODERS LLC has finished creating the iOS BitcoinV wallet. The iOS BTCV wallet should be available for download from the AppStore in the next week. REEL CODERS LLC has published slot machines on the AppStore and has been ranked as the #57 slot machine earlier this year.

BitcoinV

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New BitcoinV Release v0.18.1

https://github.com/bitcoinVBR/bitcoinV/releases/tag/v0.18.1

Merged BitcoinV VBR feature into Bitcoin v0.18.1:
https://github.com/bitcoin/bitcoin/releases/tag/v0.18.1

Use bitcoin.conf setvbrmultiplier option to set VBR amount.

BitcoinV

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New pool added to BitcoinV. They are listed here:

https://miningpoolstats.stream/bitcoinv

As always, BitcoinV creates a more decentralized version of Bitcoin. Solo mining is encouraged.

BitcoinV

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Quote from: zoneterror on July 19, 2019, 08:54:08 PM

Oh by the way, everytime i have restart the bitcoind, i have to type back in console : settxfee 0.0002 otherwise the payments would not occur.

To solve the problem with the fees not set up with fallbackfee that is not installed.

Also the bitcoin-qt.exe in windows, i must start it with -fallbackfee to make withdraws transactions possible.

IT's no big deal tho Tongue

In the bitcoin data directory, there is a file called fee_estimates.dat, my file is about 248Kb. Try opening the GUI qt and sending some BTCV without using -fallbackfee and set the transaction fee to Recommended 2 blocks. You may need to wait for this data file to grow before a good estimate is possible. There is no harm to continue using the fallbackfeeoption. The price of BTCV is so low that who cares, now if this was Bitcoin we would have to worry about the extra cost associated with using a larger fallbackfee.

BitcoinV

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Quote from: zoneterror on July 19, 2019, 08:46:01 PM

Quote from: BitcoinV on July 19, 2019, 01:47:25 PM

No, you would mine at a higher multiplier such as x16 until the difficulty level goes down to a level you like. Keep in mind this is only really possible in the early stages of the coin (like right now). Once the difficulty level gets low (around 200k) you could crank up the hashpower and the multiplier to x4096 or something even higher and start mining a ton of coin.

But i've tried from x1 to x16 and the difficulty remains the same.

I guess i would have to wait more ?

The difficulty level of BitcoinV adjusts every 48 blocks, much quicker than Bitcoin.

BitcoinV

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Quote from: zoneterror on July 19, 2019, 07:09:01 PM

Also, is it possible to put the pool's core to the 'jackpot block reward' option ?

You can put the multiplier to 2^20 if you'd like(JACKPOT). You probably will never mine a block, its like the lotto, you don't expect to win but you can't win if you don't play.

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Quote from: zoneterror on July 19, 2019, 06:35:15 PM

Quote from: BitcoinV on July 19, 2019, 01:47:25 PM

Experimentation is part of BitcoinV mining. Mining at x32 is 32 times more difficult than x1. If you mine about 32 blocks every hour, expect about 1 per hour if you change the multiplier to x32. The early miners should really try and mine high reward blocks, but the current difficulty is too high, try lowering the difficulty level before mining really high multipliers. (Yes, you can lower the difficulty).

We just find a block with x16 in less than 40 minutes that's great !

To lower the difficulty we would have to just mine for a while with x1 ?

Or just don't mine at all until difficulty goes down ?

Thanks

No, you would mine at a higher multiplier such as x16 until the difficulty level goes down to a level you like. Keep in mind this is only really possible in the early stages of the coin (like right now). Once the difficulty level gets low (around 200k) you could crank up the hashpower and the multiplier to x4096 or something even higher and start mining a ton of coin.

BitcoinV

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Quote from: zoneterror on July 19, 2019, 05:48:39 PM

Quote from: BitcoinV on July 19, 2019, 01:47:25 PM

Thanks! Happy to hear!

The coin is still young and unknown. The multiplier option not only gives variable block rewards, but can create a more decentralized form of Bitcoin by incentivizing SOLO miners to keep trying to mine for a very large block reward. As mentioned earlier, take advantage of boosting the block multiplier while few miners are mining. Once many more miners come onboard it will be more difficult to mine the larger block rewards.

Oh yes i 've tried of the course x1, then the x2 for around 3 hours it was really well.

And now we're trying the x16.

There is one thing tho, is that we still need block confirmations tho, and as we are the only one, or almost, mining it and giving it some hashrate, no blocks are getting discovered as long as we put a too high multiplier.

I think i'll go for x16 now, and then put it back at x1 to confirm it during one hour or so.

And then try again something higher, like x32, or probably more, will see i guess.

Are you mining too ?

Thanks

Experimentation is part of BitcoinV mining. Mining at x32 is 32 times more difficult than x1. If you mine about 32 blocks every hour, expect about 1 per hour if you change the multiplier to x32. The early miners should really try and mine high reward blocks, but the current difficulty is too high, try lowering the difficulty level before mining really high multipliers. (Yes, you can lower the difficulty).

BitcoinV

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Quote from: zoneterror on July 19, 2019, 02:34:59 PM

Quote from: BitcoinV on July 19, 2019, 01:47:25 PM

The difficulty level adjustment algorithm does not prevent a miner from mining blocks at a very fast rate, it only tries to adjust the difficulty over time to try and maintain 6 blocks per hour. It will never get an exact 6 blocks per hour.

The multiplier makes it harder to mine blocks. It you are mining at x1 and find B blocks per hour, you would expect to find B/2 blocks per hour if mining at x2 with the same difficulty level.

There is an incentive to mine for a multiplier of at least x32: (2^5). Take a look at the code and you see some extra mining power added to make it a little easier for you to mine
https://github.com/bitcoinVBR/bitcoinV/blob/master/src/variable_block_reward.cpp

I see!

Thanks

!!

Your coin rocks by the way !

Gotta love that multiplier option :p

Thanks! Happy to hear!

The coin is still young and unknown. The multiplier option not only gives variable block rewards, but can create a more decentralized form of Bitcoin by incentivizing SOLO miners to keep trying to mine for a very large block reward. As mentioned earlier, take advantage of boosting the block multiplier while few miners are mining. Once many more miners come onboard it will be more difficult to mine the larger block rewards.

BitcoinV

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Quote from: zoneterror on July 19, 2019, 01:36:47 PM

Also what will happen if, we've found like almost 18 coins in less than one hour.

But you said 6 blocks per hour.

And then now we change the multiplier, which is at only default x1, to x512.

As we had a lot of block in tiny amount of time, does it mean we 're not going to have block for like 3 hours ?

Because 18 = 6 x 3 - 18 blocks we already found , 6 blocks per hour default and 3 hours without block.

Does it make sense :O ?

Thank you

The difficulty level adjustment algorithm does not prevent a miner from mining blocks at a very fast rate, it only tries to adjust the difficulty over time to try and maintain 6 blocks per hour. It will never get an exact 6 blocks per hour.

The multiplier makes it harder to mine blocks. It you are mining at x1 and find B blocks per hour, you would expect to find B/2 blocks per hour if mining at x2 with the same difficulty level.

There is an incentive to mine for a multiplier of at least x32: (2^5). Take a look at the code and you see some extra mining power added to make it a little easier for you to mine
https://github.com/bitcoinVBR/bitcoinV/blob/master/src/variable_block_reward.cpp

BitcoinV

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Quote from: zoneterror on July 19, 2019, 12:41:29 PM

Quote from: BitcoinV on July 19, 2019, 11:57:43 AM

You can decrease the difficulty by setting the multiplier to a higher value such as x512. The miners on your pool will find fewer block (with larger rewards); this will cause the difficulty level to start dropping. You could try and repeat this strategy by putting the multiplier to x2048. The rewards will get larger and fewer blocks will be found; this will cause the difficulty to drop again. At some point you are challenged by other miners who start rising the difficulty level and force you to try a different multiplier to try and optimize your rewards. Remember, the system is trying to maintain 6 blocks per hour; whether they are paid at 50BTCV or a much higher amount is up the miners. It is a game of greed (GoG).

Also, it may be beneficial to buy some BTCV on Graviex right now and then start mining.

https://graviex.net/markets/btcvbtc

Hi !

Why would it be beneficial to buy if i can mine them :O ?

Oh ok i see for the decreasing and difficulty thing !

How can we mine on windows with the wallet-qt by the way ? If i mine with asics i meant, i cant possibly connect my asics because the wallet doenst have the "server" option, even if i put the server=1 in the .conf file isnt?

I've tried it and by many other way it really doenst work Sad

!

Thanks!

BitcoinV is 99.9% the same code as Bitcoin. I always mine using the linux qt wallet and this:

https://github.com/zone117x/node-stratum-pool

Try and use the node-stratum-pool above on windows and see if your asic miners can mine using the Windows qt wallet, it should work.

Topic: BitcoinV - Bitcoin with Variable Block Rewards - page 2. (Read 5651 times)