I'v downloaded the V2 client from github but I don't know how to run it once I have it.
Can I has instructions please?
Topic: ◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈ - page 6. (Read 284487 times)
Is there a Mac Wallet?
No, maybe when v2 is out Why unlikely... most often there are only 2 bidders...
I was even only one bidder for a couple of periods recently...
It's unlikely because if someone sees zero bids they can come in with .001btc bid and take 100% of the bid awards until the day ends or another person joins. I was even only one bidder for a couple of periods recently...
Is there a Mac Wallet?
Why unlikely... most often there are only 2 bidders...
I was even only one bidder for a couple of periods recently...
I was even only one bidder for a couple of periods recently...
What happens to the btc?
Funds development and backs the currency.
So, if there are zero bids then the miners get 100%?
Yes. Unlikely to happen though.
Should I add scheduled bid capability to the qt client? It would look something like this:
Tooltip message is a bit convoluted but hopefully explains enough.
Bid Now button now calls Electrum and points it at the bidding address for you, who uses HDD munching Bitcoin Core if they don't have to?
Not sure I've mentioned it but clicking on the logo on any page takes you back to the main menu too.Will get around to adding a visual c(l)ue for this. Added visual cue.
Tooltip message is a bit convoluted but hopefully explains enough.
Bid Now button now calls Electrum and points it at the bidding address for you, who uses HDD munching Bitcoin Core if they don't have to?
Not sure I've mentioned it but clicking on the logo on any page takes you back to the main menu too.
Windows users who wish to take a look at the wallet we will be using for v 2.0 can download the client side wallet here :- Bitcredit v2.0 Client (Lending Platform)
Was able to download this and take a poke around. Looks great! Looking forward to using it 4 rlz.
What happens to the btc?
Funds development and backs the currency.
So, if there are zero bids then the miners get 100%?
What happens to the btc?
Funds development and backs the currency.
How does bidding work? I am looking to purchase ~ 1 BTC worth of BCR later this week and if I can get them cheaper than on trex I would gladly do so
Simply send your bid to the bidding address shown in-wallet on the bids page: 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu
Then unlock your BCR wallet and import the Bitcoin privkey for the Bitcoin address that you sent from. You then magically receive your share of the block reward each block until the next bid period starts at midnight GMT each day.
If you send from the same BTC address each time, you only need to do the importprivkey thing once.
For the record, bidders are awarded their proportional investment with 30,000 bcr daily.
therefore bidding 1btc at one time could only maximum get you 30,000 bcr, if no one else bid.
bids are cleared at 00:00 GMT
example:
00:00 GMT: bid address is cleared
00:01 GMT: miners solve block(s) and 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu bitcoin bid address is empty, miners award themselves 20bcr
00:02 GMT: bob's bitcoin confirms .01btc into 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu and bob receives 100% contribution from the bid payout of 20bcr
00:20 GMT: alice's bitcoin confirms .02btc into 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu and now bob receives 1/3 and alice receives 2/3 from the bid payout per block until more bidders btc confirm or the bid address clears on the next 00:00 GMT
as the day goes by if people join much later by bidding at say 12:00GMT they are only eligible for their share in the rest of the days bids until the bid address is cleared again at the next 00:00 GMT, in the case of 12:00 GMT bid they would lose the opportunity for half the days bid rewards by joining halfway through the cycle.
therefore its worth looking at how much people had historically bid and trying to judge your roi on bidding.
im sure my numbers may be wrong but the idea is correct.
What happens to the btc?
If I download Virtualbox, I can run Ubuntu? I haven't ever tried running a different OS on my Mac.
Sure, same as renting a VPS to run a masternode, except you're doing it on your local machine which is probably much better specced so you can have a full desktop GUI if you want. You're not going to get GPU accelerated anything but it will be perfectly useable. You just need a few gigs of space for whatever OS image you're using.
How does bidding work? I am looking to purchase ~ 1 BTC worth of BCR later this week and if I can get them cheaper than on trex I would gladly do so
Simply send your bid to the bidding address shown in-wallet on the bids page: 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu
Then unlock your BCR wallet and import the Bitcoin privkey for the Bitcoin address that you sent from. You then magically receive your share of the block reward each block until the next bid period starts at midnight GMT each day.
If you send from the same BTC address each time, you only need to do the importprivkey thing once.
For the record, bidders are awarded their proportional investment with 30,000 bcr daily.
therefore bidding 1btc at one time could only maximum get you 30,000 bcr, if no one else bid.
bids are cleared at 00:00 GMT
example:
00:00 GMT: bid address is cleared
00:01 GMT: miners solve block(s) and 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu bitcoin bid address is empty, miners award themselves 20bcr
00:02 GMT: bob's bitcoin confirms .01btc into 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu and bob receives 100% contribution from the bid payout of 20bcr
00:20 GMT: alice's bitcoin confirms .02btc into 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu and now bob receives 1/3 and alice receives 2/3 from the bid payout per block until more bidders btc confirm or the bid address clears on the next 00:00 GMT
as the day goes by if people join much later by bidding at say 12:00GMT they are only eligible for their share in the rest of the days bids until the bid address is cleared again at the next 00:00 GMT, in the case of 12:00 GMT bid they would lose the opportunity for half the days bid rewards by joining halfway through the cycle.
therefore its worth looking at how much people had historically bid and trying to judge your roi on bidding.
im sure my numbers may be wrong but the idea is correct.
Ah, no bueno. I'm the idiot who purchased a mac a while back not thinking it would be advantageous to have a windows comp. Looks like trex it is
Thanks for the explanation though
Virtualbox + ubuntu VM image...?
If I download Virtualbox, I can run Ubuntu? I haven't ever tried running a different OS on my Mac.
Ah, no bueno. I'm the idiot who purchased a mac a while back not thinking it would be advantageous to have a windows comp. Looks like trex it is
Thanks for the explanation though
Virtualbox + ubuntu VM image...?
Bidding works on win64 version of v0.30.19.10-33f2960-dirty ?
How does bidding work? I am looking to purchase ~ 1 BTC worth of BCR later this week and if I can get them cheaper than on trex I would gladly do so
Simply send your bid to the bidding address shown in-wallet on the bids page: 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu
Then unlock your BCR wallet and import the Bitcoin privkey for the Bitcoin address that you sent from. You then magically receive your share of the block reward each block until the next bid period starts at midnight GMT each day.
If you send from the same BTC address each time, you only need to do the importprivkey thing once.
Ah, no bueno. I'm the idiot who purchased a mac a while back not thinking it would be advantageous to have a windows comp. Looks like trex it is
Thanks for the explanation though
How does bidding work? I am looking to purchase ~ 1 BTC worth of BCR later this week and if I can get them cheaper than on trex I would gladly do so
Simply send your bid to the bidding address shown in-wallet on the bids page: 1BCRbid2i3wbgqrKtgLGem6ZchcfYbnhNu
Then unlock your BCR wallet and import the Bitcoin privkey for the Bitcoin address that you sent from. You then magically receive your share of the block reward each block until the next bid period starts at midnight GMT each day.
If you send from the same BTC address each time, you only need to do the importprivkey thing once.
How does bidding work? I am looking to purchase ~ 1 BTC worth of BCR later this week and if I can get them cheaper than on trex I would gladly do so
A link will do; I can do research if you don't feel like explaining haha
A link will do; I can do research if you don't feel like explaining haha
Bidding still way cheaper than Bittrex. (Assuming you get your bid in early of course.)
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