Topic: Mining Bithereum(BTH) - Metrics, Testnet, Difficulty Reduction, Full Node Reward - page 5. (Read 22414 times)

Lets see on BTC mining in big farms. Can you mining BTC now? Its leads to centralization of mining. And community with ASICs is smaller.

This was the same argument when CPU mining became obsolete as GPU's were brought into service.

It was also the argument when horse drawn carriage drivers saw the first automobiles and scoffed at them, saying they would never last.

Basically y'all are stuck with a ton of unprofitable rigs that you have spent thousands of dollars to buy and are now unsuccessfully scratching around looking for coins to mine to be profitable again. ASIC's are the wave of the future and any new coin that does not understand that will not develop as well as one that does.

Without an ASICs mining for almost everyone. Community bigger without an ASICs. Mining on GPU is better.

Well I'm just gonna say it and then put on my flame-proof suit.

All y'all making your ASIC resistant coins is just stupid. ASIC's are the future of mining and if you can't go with the flow you will end up in the dumpster of shitcoins that could have been contenders.

Right now we're not listed on any exchanges, you're probably referring to bithereumcoin.com which we're not associated with in any way. That project seems to be an ICO and appears to be dead. We are Bithereum Network, a fork of BTC, and the link to our site is: https://bithereum.network. We're in talks with exchanges to have us listed upon our mainnet launch.

This is an interesting project with a good idea and a good team, but for now this coin is being traded only on a pair of exchanges. Its greatest achievement will be access to the Coinmarketcap, but even if the team succeeds, the trading volumes and confidence in the new coin are still too small.

Hi all, we have officially announced the date of our hard-spoon snapshot of the Ethereum blockchain, December 12th! This will lock in the BTH allocation for ETH holders based on the ETH:BTC ratio at the time and we will announce the Bitcoin block we will be forking off of. Once this is completed, the mainnet build will be pushed live so that miners and people running full nodes will be able to begin syncing. The hard-fork will occur approximately 2 weeks after the hard-spoon (~Dec 28th) , and mining will begin!

Check out our newest blog for more details! https://medium.com/bithereum-network/bithereum-hard-spoon-snapshot-announcement-fd18b30a4352

The mainnet launch is expected around December 28th, we'll be announcing the hard-spoon snapshot date along with the expected mainnet launch within the next week. Correct, coins on testnet are just test coins and won't be exported to the main chain.

when is the planned launch for mainnet? testnet will not give any "real" coins right? They wont be exported to main?

Yes it does, here's the link: https://github.com/BTHPOS/mining-nvidia-nheqminer

If you have any other questions let us know

NHEQMiner 144.5? does this exist?

We're currently working to provide the Windows OS/MacOS releases and will update in the very near future when they're ready.

How about Testnet release for Windows OS?
Here only release for Linux: https://github.com/BTHPOS/BTH/releases

We also have this post available in two different languages at the moment:

German: https://bitcointalksearch.org/topic/mining-bithereum-bth-metriken-testnetz-verringerung-der-schwierigkeit-5069324
Russian: https://bitcoingarden.org/forum/index.php?topic=52602.0

More languages to come!

Hi all, you can check out our medium posts regarding our testnet and our difficulty reduction window for more information:

Testnet: https://medium.com/bithereum-network/bithereum-testnet-v1-is-live-777d8c1a1fad

Difficulty Reduction Window & Verified Mining Pools: https://medium.com/bithereum-network/bth-mining-difficulty-reduction-window-8d0e2e535627

12/26/18 UPDATE: Our fork block, Bitcoin block #555,555 has arrived. As soon as all full nodes have the entire chain synced within the next 24-48 hours, the spork will be complete, and Bithereum mining will begin!!

Our mainnet build can be found here: https://github.com/BTHPOS/BTH/releases




Bithereum is a fork of Bitcoin in combination with Ethereum’s technological roadmap structured around Proof of Stake consensus to create an unparalleled peer-to-peer digital currency. Bithereum represents two chains in one coin; by hard-forking Bitcoin, and hard-spooning Ethereum to reward them with BTH, Bithereum is the world’s first hard-spork.

For more general info about our project you can view our bitcointalk ANN:
https://bitcointalksearch.org/topic/ann-bithereum-bth-hard-spork-bitcoin-hard-fork-ethereum-hard-spoon-4738533

Prior to Proof of Stake, Bithereum will begin as a Proof of Work coin with an Equihash 144,5 mining algorithm. This allows for GPU mining which increases democratization, and the 144,5 algorithm requires more RAM than the standard 200,9 which will prevent the new Equihash ASIC’s from dominating mining efforts.




Our testnet is officially live and you can check it out and prepare yourself for our mainnet launch by utilizing the below resources:

Testnet explorer - View and monitor the status of the testnet blockchain:
http://testnet-explorer.bithereum.network/

Mining Software (for miners) - In order to mine TBTH you can download the following software:
For AMD:
Lolminer: https://github.com/BTHPOS/mining-amd-lolminer

For NVIDIA (Lolminer will work, however these miners are optimal):
NHEQMiner: https://github.com/BTHPOS/mining-nvidia-nheqminer
Funakoshi Equihash Cuda Miner: https://github.com/BTHPOS/mining-nvidia-funakoshi-miner
MiniZ: https://github.com/BTHPOS/mining-nvidia-miniz

Testnet Pool (for miners) - In order to mine TBTH you can connect to our testnet pool (or run a full node):
http://testnet-pool.bithereum.network

Run a full node - If you would like to run a full node to maintain the network or send/receive TBTH:
https://github.com/BTHPOS/BTH/releases

Coming Soon: (links will be posted in coming weeks)
Testnet Faucet - To receive TBTH, enter your BTH Testnet address into the below link and you’ll immediately receive 0.1 TBTH

Web Wallet - Use the web wallet to view your TBTH balance and send to another address

For those interested in contributing to Bithereum’s development, you can submit a pull request or report any issues/bugs to the official Bithereum Network github: https://github.com/BTHPOS/BTH/wiki/Bug-Bounty




In an effort to build our mining community and secure the network, we will be including a massive difficulty reduction window (starting at 0.19 difficulty) for the first 20,000 blocks upon our mainnet launch in December. It is estimated to last around 24 hours, however it may go WAY faster depending on the amount of miners so it is highly encouraged that you begin mining as soon as the hard fork happens in order to receive the maximum rewards. After this point, Equihash <144,5> will kick in along with the LWMA Difficulty Adjustment Algorithm, which adjusts the difficulty after every block.

Furthermore, if you are a pool and are interested in becoming an official sponsored mining pool for Bithereum, you can register for that in the link below. Doing so will allow you to be listed on our site as sponsored and verified and make you a top choice, after your status as a pool has been verified. This is our way of building a strong mining community from the get-go and rewarding early participants for believing in Bithereum!

BTH Verified Mining Pool Registration: https://bithereum.network/mining/form

*Please also enter in the expected hash rate that you will deploy to Bithereum. Thank you.




Bithereum will be rewarding ANYONE who runs a full node with BTH, similar to how miners get rewarded for their work in every Proof-of-Work algorithm. We are officially introducing a new concept coined by the Bithereum Team, called “Proof-of-Uptime”, or PoU. In every other PoW system, including Bitcoin and Ethereum, there are a misalignment of incentives when it comes to full nodes. Though running a full node is absolutely crucial to the success of the network in the first place, there is no model in place to incentivize this, relying on people to be ideologically attached to a project rather than financially incentivized in the way that every miner is.

Proof-of-Uptime: Everyone who runs a Bithereum full node will be rewarded with a portion of Bithereum’s official mining pool’s fees. The amount each full node will be awarded with will be based on their node’s uptime; the higher amount of uptime a node has, the higher their reward payout will be, however even a miniscule amount of uptime will generate at least some reward. A full node explorer will also be released when the mainnet source code is posted, in which each full node will be able to see their uptime, a portion of their IP address, and their BTH address, similar to the layout of https://ethstats.net/. Rewards will be issued to each of these public addresses every other day.

More info regarding our full node rewards program will be posted in the near future via a medium blog when we reach our hard spoon snapshot date. Stay tuned.




Hashrate: Estimated network hashrate of .88 MHash/s and counting
Block reward: 25 BTH (2x the BTC reward)
Total Supply: ~31 million coins
Mineable Supply: ~7.1 million coins
Block Size: 4MB plus SegWit
DAA: LWMA (after every block)
Avg Block Time: ~10 mins
Algorithm: Equihash <144,5>

Profitability calculator:

Reward = ((hashrate * block_reward) / current_difficulty * 2^13) * (1 - pool_fee) * 3600
https://www.coinwarz.com/calculators/bitcoingold-mining-calculator/?h=200&p=1000.00&pc=0.10&pf=2.00&d=80000.00000000&r=25.00000000&er=0.00388290&btcer=6592.29000000&hc=0.00

Hashrate per GPU (Equihash <144,5>):

lolMiner 0.5:
-AMD RX 580 4G (Sapphire Pulse, stock):  ~25 sol/s
-AMD RX 560:  ~12.5 sol/s
-Nvidia Vega64: ~37 sol/s
-NVidia GTX 1080 FE (stock): ~45.5 sol/s

lolMiner 0.6 (alpha):
-AMD RX 580 4G (Sapphire Pulse, stock):  ~27 to 29 sol/s
-AMD RX 560:  ~14 sol/s
-NVidia GTX 1080 FE (stock): ~53 to 56 sol/s
-NVidia GTX 1070: ~40 to 45 sol/s

Ewbf 0.5:
-NVidia GTX 1080 FE (stock): ~43.7 sol/s




The official mainnet launch for Bithereum is slated for ~Dec 28th. The fork block, Bitcoin block #555,555 occurred on December 26th, and as soon as the Bithereum full nodes complete the syncing process, mining will begin. December 12th is when the hard spoon snapshot for the ETH allocation was taken. The reason for the hard spoon snapshot was to lock in the ETH allocation in accordance to the ETH:BTC ratio at the time to determine BTH’s total supply. As a reminder, Bithereum’s total supply includes the BTC supply from the fork, the mineable supply, the project’s allocation, and lastly the total supply of BTH which ETH holders are entitled to redeem upon launch based on the ETH:BTC ratio at the time.

Note: The mainnet build can be found here: https://github.com/BTHPOS/BTH/releases!!

If you have any further questions about Bithereum or about possibly becoming a sponsored mining pool and its benefits please let us know. In addition, feel free to contact us if you need some testnet BTH coins as well and we’ll send them over to your address. You can reach out to us by PM’ing us via bitcointalk or by sending us an email at [email protected].