Topic: [BTB] The BitBar Information Thread - page 57. (Read 180202 times)

Bitbar guys, you should really clean up your forum, this looks really lame...

Best I can tell you right now, it that Bitbar has dynamic fees and it appears to be based on both amount of transaction and the age of the coin. Looking back through my logs, I found that transfers that were happening before the boom were taking only .001 or no fees at all. As the average age of the coins in my pool wallet got younger, TXFees starting increasing. I am seeing now fees anywhere from .001 for small transfers up to .008 for very large transfers.

I have not seen any recent transfers that are fee-free though.

I hope that helps a little.

 You don't ask for much, lol.


 Just maybe the one at this link is a close enough match for your desires. It kinda fell off half off the map for a while but suddenly many are again mining it. But it still has tiny transaction fees now. And isn't an exact match. But comes close. I recall it used to have no transaction fees when I mined a bit of it. But that appears to have slightly been altered from what I just read.
See https://bitcointalksearch.org/topic/anncmccosmoscoin-powpos-transaction-commentfair-start0-premine-245951

 Then again I am not certain any crypto would be sustainable long term without the mining incentive of transaction fees supporting it's networks blockchain maintenance/upkeep (transactions function), if I understand this correctly?

 Hence maybe why the one above like all the others(?) shifted to a modest transaction fee itself, upon further analysis.


 Search for yourself at: https://bitcointalk.org/index.php?action=search Best tool here is this.



Caveat emptor - let the buyer beware!

Bitcoin has dynamic fees. You can opt to pay a fee for faster confirmation time but you can transact without paying a fee. In Peercoins, there is a fixed fee of $0.01/kb. It is destroyed rather than giving it to miners like bitcoin. Because of this, PPC would be impractical for microtransactions in the future when its value rises. The coin would be mostly for speculation. I'm looking for a PoS coin which allows for having zero transaction fees when there is less transactions to confirm but is dynamic enough to increase when there is load on the network. This allows for optimum growth because the market can balance liquidity and confirmation time.

Do you mean TX Fees? I know how MOST of this coin works, but could you be more specific as to what you are asking? I will tell you that it IS like other POS/POW coins in that, if you hoard them long enough, you start getting POS blocks (interest, for lack of a better term), which to me seems to mean it is something you hold onto. The reward is inversely connected to difficulty. More difficulty = lower reward.

What other info are you looking for?

What is the fee structure for BTB? Is it fixed like the other PoW/PoS coins? It's very important to know because it tells if the coins is meant for hoarding or trading.

Registrations are now open again at btb.pnwminer.com

You can still mine solo if you have a few cards.  It's starting to get a bit patchy with the difficulty but definitely an option.

well i wanted to mine bitbars but this is what i saw :


source :   http://btb.pnwminer.com/index.php?page=register

Only invited users are allowed to register.



We are currently not accepting new user registrations.

wy is that ??   invite me please per email ................

I'm surprised to see this pick up again... I mined 800 usd in 24hrs on a 4-gpu rig last weekend.  In retrospect it was the perfect sweet spot of low difficulty and high price and I doubt it will happen again as the difficulty is coming up fast now.  But it shows that interest is rising, that's for sure.

I was there pretty early on and remember it trading for multiple btc at the time.  Not sure if that'll happen again given the current btc price.  But hey, most things that happen in crypto seem unbelievable at the time.  So who knows really...

Looks like a cool alt-coin
There are way to many of these thou so they don't get as much attention as they should

@ALIEN
Thank you much for your input. Half a million coins does not make Bitbar "ultra rare" though...
Could you provide some source for this info?
Thanks

Well, I figure I'd better come in here and voice up. Been reading along ever since the first instance of the "checkpoint is too old" error, and the common resolve seems to be "redownload the [entire f%$#ing] blockchain from one peer". As a coin itself, I can't see this as a solution. For mine, it worked - finally resolved the error just by telling it who to connect to. But that's not the point. Let me go back a few hours and explain what led up to this error.

I wanted to give BitBar a try. The name and the concept were the big sell - a low-quantity currency meant to be a "bigger" Bitcoin. BitBars, Bitcoins, and Litecoins. Seems like a "coin" that could stand up to the test of time, unlike some others that are obviously get-rich-quick schemes for the devs. So, I checked out the website. Horribly disappointed. Front page is just "news", telling users to redownload the blockchain? Gotta be kidding me. Well... I press on. Downloads page said the "latest version is 0.4.1", pointing to a Google Drive download link that only has 0.4.2 and 0.4.3 (was dead the first time I tried it, though - blank page). 0.4.2 is the latest news post - what the hell is 0.4.3? Whatever, I grabbed 0.4.3 - newer is better, I guess.

Extracted it (no installer? Come on... more tedium for the end-user, this clearly isn't a project meant to be used for more than just miners), ran it. It started off showing a low number of blocks remaining to download, but then jumped after a few thousand had gone by... chugged away for a while... then eventually just hung for the next hour or so with several thousand blocks remaining (I think over 20,000). So, frustrated, I closed it and opened it up again.

Then I got the dreaded "checkpoint is too old, contact the devs" error. With a fresh download of the blockchain, with the latest client, starting from pure scratch.

Rule of thumb: your currency is doomed if your mainline client can't get online without editing a config file.

I got it working by adding "connect=84.200.4.218" to the config file and running "bitbar-qt.exe -rescan" - without the "rescan", it would still give the checkpoint error even after previous launches with "-rescan" connecting to a dead peer. The price of BTB is higher than any other currency besides Bitcoin right now, so it's definitely worth getting into - but will it last beyond the "OMG BITCOIN $1,000 EVERYTHING ELSE IS FAIR GAME" bubble? I dunno. I'm trying to give it the benefit of the doubt. But the technical errors and sketchy usability put a lot of doubt in my mind about the long-term stability of the project.

Could the blockchain-download bug be caused by a peer that's sending out that partial fork from earlier? Maybe the Bitbar client isn't making the proper differentiation between the good and bad peers, or failing to recover from being given a bad block? I don't know enough technical details, but it doesn't seem like *anyone* in this thread is giving the "checkpoint too old" error the attention it very clearly deserves... just "tape-over the check engine light, redownload block chain".

All this, and I still have no idea what the "Stake: 0.00" in my wallet is referring to. Like I said... usability problems.

There will be 500,000 BTB total from POW mining.  Any other BTB created will be from POS interest minting.

however many there are, get some before they surpass bitcoin in price... 300% increse today alone... and at over $200 it will not take long at the rate alts are climbing these days...

Total coin supply is critical for estimating Bitbar's value and comparing it to Bitcoin (21 million BTC total).
Bitbar.biz only mentions "Ultra rare" in the specs and does not provide a solid figure.

¤ Coinmarketcap.com says 8,055 BTB have been issued to date:
   http://coinmarketcap.com/
¤ Bitbar.info confirms that  8,055 BTB have been issued:
   http://www.bitbar.info/stats/index.php
¤ However, RustyShackleford1950 says there should only be 2,800 BTB total:
   https://bitcointalksearch.org/topic/bitbar-on-bter-now-live-198958
¤ rbdrbd confirms Rusty's figure (2,800 BTB total):
   https://bitcointalksearch.org/topic/btb-the-bitbar-information-thread-196125

This doesn't make any sense to the prospective buyer.
Can anyone ascertain/confirm the total future Bitbar coin supply?
Should we not have accurate info posted on Bitbar.biz?

Thanks for any clarification on this topic.

Hi chekpoint is too old not sinconize? version 0.4.2.0    please help

Thank you for the tips. I mined them all solo. The difficulty allowed it It seems that if you remove and re-dowlnoad the block-chain before the client had broadcast that you mined them (Which can take a long time strangely) you're done for. Now the diff. has spiked. I can't even make one block, not to mention one Bitbar. There goes my Christmas present of a telescope I guess. The client is current now, no issues, just my bad luck I guess.

Solo or pool mining? You wouldn't happen to have been mining on Diggers pool now were you? He has been running a forked pool for some time now. I too watched BTB go poof upon a redownload.

I have had no issue with Pacific Northwest Mining Pool and would recommend using thier pool as it is current.

Lastly, make sure your client is in sync before sending/recieving BTB. If it is not confirming, something is not right.

Another Bitbar newbie who could use some help here. I kept my wallet.dat file, re-downloaded the blockchain. I had around 15 BitBars before that, and an outgoing transaction of five BitBars, all unconfirmed. After the block-chain re-download they poofed. Not even showing as unconfirmed. Were my mining efforts in vain? What happened?