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Topic: Should You Mine / Buy Bitcoin Interest BCI ? (Implemented ProgPoW) PoW+PoS (Read 7136 times)

member
Activity: 150
Merit: 10

European Bitcoin Interest mining pool.
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jr. member
Activity: 81
Merit: 2
What happened to the trade volume yesterday?
From fragments of a BTC to 13 BTC, allofit on HitBTC.
I'm curious to this as well since deposits still appear to be closed from my end.
jr. member
Activity: 94
Merit: 1
What happened to the trade volume yesterday?
From fragments of a BTC to 13 BTC, allofit on HitBTC.
It helps to keep the value stable at least.
newbie
Activity: 93
Merit: 0
member
Activity: 78
Merit: 133
Hmm, just looked at the WTM figures around Nethash and Ex volume.
As it looks right now my 9x10603G rig making 60Mh/s would add 0.2%, i.e. you only need to borrow about 5000 1060 GPUs to get 51+% (current Nethash reported as 32Gh/s).
The Ex volume the last 24h looks to be only 0.02 BTC, isn't that about the volume of a game of Monopoly?

Everything have to start somewhere, but this is really small.

My personal profit (I trade mined coins to stable asic coin) is higher on ETH/ETC and BTG at the moment (so I don't care much), but I got some time to realize that OC was tricky to dial in with ProgPoW.

There is most likely a lot of miners waiting for Bitfinex/HitBTC to open their wallets.... Miners wont mine if there isnt enough volume to sell... Whattomine helps too after they get ProgPoW listed, and nethash is 45gh, dunno why whattomine shows it wrong
jr. member
Activity: 94
Merit: 1
Hmm, just looked at the WTM figures around Nethash and Ex volume.
As it looks right now my 9x10603G rig making 60Mh/s would add 0.2%, i.e. you only need to borrow about 5000 1060 GPUs to get 51+% (current Nethash reported as 32Gh/s).
The Ex volume the last 24h looks to be only 0.02 BTC, isn't that about the volume of a game of Monopoly?

Everything have to start somewhere, but this is really small.

My personal profit (I trade mined coins to stable asic coin) is higher on ETH/ETC and BTG at the moment (so I don't care much), but I got some time to realize that OC was tricky to dial in with ProgPoW.
newbie
Activity: 93
Merit: 0
Why is the Bitfinex deposits for BCI still disabled, anyone know?

They have told us that they start to work with our wallet "early this week", so maybe they can get them open this week.

And why they are closed, they have been for +2 months and they havent been able to do our new wallet yet... ...because exchanges are super slow.

Thanks for info! Just was wondering that this must have something to do with volumes Smiley

Yea it has, we had around 500k / 24h volumes when Hitbtc and Bitfinex were open.... So we should expect something like that again Smiley
newbie
Activity: 42
Merit: 0
Why is the Bitfinex deposits for BCI still disabled, anyone know?

They have told us that they start to work with our wallet "early this week", so maybe they can get them open this week.

And why they are closed, they have been for +2 months and they havent been able to do our new wallet yet... ...because exchanges are super slow.

Thanks for info! Just was wondering that this must have something to do with volumes Smiley
newbie
Activity: 93
Merit: 0
Electrum up and running.


If you have old BCI Electrum you _MUST_ delete all its files before installing new one.

REMEMBER TO BACKUP YOUR WALLET / PRIVKEY!!!!

https://wallet.bitcoininterest.io/electrum/3.3/electrum-3.3-beta.tar.gz

Windows
https://wallet.bitcoininterest.io/electrum/3.3/electrum-bci-3.3.zip

OSX
https://wallet.bitcoininterest.io/electrum/3.3/electrum-bci-3.3-beta.dmg


A bit of "update" from Bitfinex
https://i.imgur.com/65jbuhg.png
full member
Activity: 1179
Merit: 131
Well, seems like we need to comment here because you dont have the stomach to answer us on youtube.. You just delete our comments...

I would REALLY love to hear how our "scam" would work? How we could steal our communitys coins even if we wanted? Our staking is DECENTRALIZED, staking is done from your OWN wallet, nothing is sent to our staking platform... Im totally open to critisism, like the one you gave on FB, totally right and deserved.... Rest is just FUD, wrong info and badly done research.


"I’ve been asked about this project a lot, here’s my take on it."...
Is that how you treat you community? When they ask you do dig on something, best you can do is like comparing stock images on webpages? Come on, doesn't your 68k followers deserve real facts, real info, not just FUD you throw out of your head?... i KNOW you asked info about us from atleast 2 different people before doing this stream, you used like nothing they gave you 😄

Some facts that YOU KNEW but didnt point out, does it get more views when you basically lie (not use the info you have) to your followers?:

1. Our staking is done Decentralized, nothing like BCC or other scams that required you to send coins to them, our staking is done from your OWN wallet.
2. All interest comes from mining, blocksize is 13.5, 3.24 goes to staking pools, 10,26 goes to miners
3. Our trading volume is down because bitfinex, tradesatoshi and hitbtc wallets have been closed for +2 months. We asked them to close them when we got double spend attacked, we forked on Sept 7th and they are all supporting our fork and opening the wallets... Exchanges just are slow like always. stocks.exchange we got 2 days ago because we wanted to give some place to trade to our community. Yea its small and most likely wont get like any volume but atleast we tried.

If anyone wants any REAL info or have questions they want answers, join our discord or telegram and you will get them. We are 100% transparent, everything we tell is super easy to confirm
https://t.me/bitcoininterest
https://forum.bitcoininterest.io/




This is a perfect response, and 1 BTC to anyone who can actually dispute this and prove how BCI is going to steal thousands of peoples BTC the way BCC did. Heck you can't even prove that they are gonna steal your BCI since you literally never send anything to them. Anyone who takes time to read how they work can see this. The BCC claim by @VoskCoin was nothing more then a smear campaign to get views. Dude should stick to ASIC non-sense and shilling garbage coins.

What is the proof that you have 1 BTC to pay for this?
newbie
Activity: 93
Merit: 0
Why is the Bitfinex deposits for BCI still disabled, anyone know?

They have told us that they start to work with our wallet "early this week", so maybe they can get them open this week.

And why they are closed, they have been for +2 months and they havent been able to do our new wallet yet... ...because exchanges are super slow.
newbie
Activity: 42
Merit: 0
Why is the Bitfinex deposits for BCI still disabled, anyone know?
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'


Dude,

Don't let this guy get in your head.

I'm really surprised you even responded. His target audience is not yours. Don't play defensively.

BCI has some real novelty. Given the ease at which coins change hashing algo's these days, my concern would be that some monster coin lifts or forks to your algo and BCI disappears.


Shut people up by getting listed on Bittrex.



Im just that kind of person who answers everything Smiley

- Pekka


ps. New exchanges will be worked on once our fork is truly complete (old exchanges open).

Look I can't code but you can.

I can do a lot of stuff. Including study the economics of a coin.

  The issue with this coin is you don't own the al-gore-rythm i.e  what prevents eth from  forking to the al-gore-rythm?

If you had the algorithm all to yourself BCI  would be really good.

  I am supporting the coin  but I know  that  Eth  could fork to it which would hurt the coin.

If you had an exclusive right to the algorithm the coin would become much more valuable.

Your coin has 2 good things :

 your interest plan is very clever
 the algorithm is very good  brilliant in fact.

but what can you do to keep those 2 things to yourself?

As I see it  you can not keep the interest idea to BCI alone as any coin in the world could do what you do.

that does not bother me as much as the algorithm  how long can you keep it just to BCI.

I will still promote the coin  and mine it   here I am mining it

http://solo-bci.altpool.pro/workers/iG5mxRMZErtXwReBaEvpYam7PQStwgK5hR

5 blocks so far.

But I see your strong points:

  the interest idea
  progpow algorithm

as non exclusive.

tell me I am wrong please.  Tell me no one can grab the  algorithm  mostly eth  and then attack us.
newbie
Activity: 93
Merit: 0


Dude,

Don't let this guy get in your head.

I'm really surprised you even responded. His target audience is not yours. Don't play defensively.

BCI has some real novelty. Given the ease at which coins change hashing algo's these days, my concern would be that some monster coin lifts or forks to your algo and BCI disappears.


Shut people up by getting listed on Bittrex.



Im just that kind of person who answers everything Smiley

- Pekka


ps. New exchanges will be worked on once our fork is truly complete (old exchanges open).
hero member
Activity: 578
Merit: 508
Quote from: BCInterest on September 15, 2018, 03:22:29 PM
Well, seems like we need to comment here because you dont have the stomach to answer us on youtube.. You just delete our comments...

etc,etc

Dude,

Don't let this guy get in your head.

I'm really surprised you even responded. His target audience is not yours. Don't play defensively.

BCI has some real novelty. Given the ease at which coins change hashing algo's these days, my concern would be that some monster coin lifts or forks to your algo and BCI disappears.


Shut people up by getting listed on Bittrex.





newbie
Activity: 49
Merit: 0
Didn't watch the video...but thanks to it I heard about BCI.

Going to give it a try when the new AMD miner releases tomorrow.
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
Well, seems like we need to comment here because you dont have the stomach to answer us on youtube.. You just delete our comments...

I would REALLY love to hear how our "scam" would work? How we could steal our communitys coins even if we wanted? Our staking is DECENTRALIZED, staking is done from your OWN wallet, nothing is sent to our staking platform... Im totally open to critisism, like the one you gave on FB, totally right and deserved.... Rest is just FUD, wrong info and badly done research.


"I’ve been asked about this project a lot, here’s my take on it."...
Is that how you treat you community? When they ask you do dig on something, best you can do is like comparing stock images on webpages? Come on, doesn't your 68k followers deserve real facts, real info, not just FUD you throw out of your head?... i KNOW you asked info about us from atleast 2 different people before doing this stream, you used like nothing they gave you 😄

Some facts that YOU KNEW but didnt point out, does it get more views when you basically lie (not use the info you have) to your followers?:

1. Our staking is done Decentralized, nothing like BCC or other scams that required you to send coins to them, our staking is done from your OWN wallet.
2. All interest comes from mining, blocksize is 13.5, 3.24 goes to staking pools, 10,26 goes to miners
3. Our trading volume is down because bitfinex, tradesatoshi and hitbtc wallets have been closed for +2 months. We asked them to close them when we got double spend attacked, we forked on Sept 7th and they are all supporting our fork and opening the wallets... Exchanges just are slow like always. stocks.exchange we got 2 days ago because we wanted to give some place to trade to our community. Yea its small and most likely wont get like any volume but atleast we tried.

If anyone wants any REAL info or have questions they want answers, join our discord or telegram and you will get them. We are 100% transparent, everything we tell is super easy to confirm
https://t.me/bitcoininterest
https://forum.bitcoininterest.io/



I support BCI after doing some research I like the idea that part of the block goes to holders so if you mine and hold and get rewarded twice also you are one of the few coins with the balls to stand up to asic and as far as op he only care about fiat thats why every subject is slammed with amazon referral links

BCI, XMR, BTG  in that order for me .

I will be staking soon and I am at about 40 coins of BCI mined and 68 purchased
newbie
Activity: 15
Merit: 1
Video seemed a tad harsh.  The only coin (As far as I know) that is giving ProgPoW a go and he's comparing them to BitConnect after half an hour of research.  Really?  Might as well get a couple shots in  on OhGodAGirl while your at it too.  I would say she was instrumental in programming the algo, hence, added to the team.  She has been talking about ProgPoW for a while now.

https://medium.com/@OhGodAGirl/the-problem-with-proof-of-work-da9f0512dad9

I don't know shit about Bitcoin Interest.  Never mined it and never bought it.  I do think ProgPoW could be a good thing for the GPU community however.  I truly wonder if this type of video does more damage than good.  Amateurish at best.

newbie
Activity: 93
Merit: 0
Well, seems like we need to comment here because you dont have the stomach to answer us on youtube.. You just delete our comments...

I would REALLY love to hear how our "scam" would work? How we could steal our communitys coins even if we wanted? Our staking is DECENTRALIZED, staking is done from your OWN wallet, nothing is sent to our staking platform... Im totally open to critisism, like the one you gave on FB, totally right and deserved.... Rest is just FUD, wrong info and badly done research.


"I’ve been asked about this project a lot, here’s my take on it."...
Is that how you treat you community? When they ask you do dig on something, best you can do is like comparing stock images on webpages? Come on, doesn't your 68k followers deserve real facts, real info, not just FUD you throw out of your head?... i KNOW you asked info about us from atleast 2 different people before doing this stream, you used like nothing they gave you 😄

Some facts that YOU KNEW but didnt point out, does it get more views when you basically lie (not use the info you have) to your followers?:

1. Our staking is done Decentralized, nothing like BCC or other scams that required you to send coins to them, our staking is done from your OWN wallet.
2. All interest comes from mining, blocksize is 13.5, 3.24 goes to staking pools, 10,26 goes to miners
3. Our trading volume is down because bitfinex, tradesatoshi and hitbtc wallets have been closed for +2 months. We asked them to close them when we got double spend attacked, we forked on Sept 7th and they are all supporting our fork and opening the wallets... Exchanges just are slow like always. stocks.exchange we got 2 days ago because we wanted to give some place to trade to our community. Yea its small and most likely wont get like any volume but atleast we tried.

If anyone wants any REAL info or have questions they want answers, join our discord or telegram and you will get them. We are 100% transparent, everything we tell is super easy to confirm
https://t.me/bitcoininterest
https://forum.bitcoininterest.io/




Why bci interest not provide protection against double spend. You knew this happened to bitcoin gold so why did bci left their guards down?

We forked way before BTG was hit, getting protection at that point needs hardfork... That we just did.
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