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Topic: Why High Demand for Bitcoin Testnet Coins? (Read 552 times)

notblox1

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Quote from: jonval21 on February 19, 2024, 08:38:20 AM

First you need to learn to write normal sentences and than we can talk more, but I am the owner of those coins so I can point the finger and say that you are not going to receive anything.

Quote from: jonval21 on February 19, 2024, 08:38:20 AM

i have been folowing bitcoin since 2009. let people use bitcoin testnet so they can understand.

Yes, you have also been seating on your toilet for whole adult life also Roll Eyes

I dont tell people how they are going to use their coins, but I can tell them how they will use my coins that I am sending.

Quote from: jonval21 on February 19, 2024, 08:38:20 AM

dont be greede with new people let them learn.

I think I just learned that you are stupid if you think I am greede, whatever that means Grin

, for not sending my coins to people who lie and try to trick me.

ABCbits

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Quote from: jonval21 on February 19, 2024, 08:38:20 AM

Quote from: notblox1 on February 11, 2024, 03:27:08 PM

For years I was helping members with Bitcoin Testnet coins but in last few weeks I noticed a big increase of newbie members asking me for coins.

There is another member with faucet in forum that was abused and emptied, and I started receiving messages from members asking for coins.

This is very suspicious to me, so I ask if there is some bounty campaign or project that is paying money for testnet coins?

who are you to point with the finger how testcoins should be use it, free will shoud be part of the bitcoiners culture, no one should try to ban, control, etc the use of testcoins, i saw what they are doing is TESTING with small amounts of BTC less than 0.01 this year more than a million people is learning how to use bitcoin testnet and that is good for bitcoin, the real problem here are you people ! trying to tell people how to uses blockchain even test coins. are you serious ? i have been folowing bitcoin since 2009. let people use bitcoin testnet so they can understand.

i've never see so many people using bitcoin testnet this year and learning and asking everything. let the people learn about bitcoin (that is what Satoshi Nakamoto wish).

if you want to help people teach them how use bitcoin how create wallets etc, create a free course for the new people. DONATE can help people but TEACHING is more valuable.

dont be greede with new people let them learn.

If you've been following Bitcoin since 2009, i would expect you know that
1. Many developer complain it's tricky to obtain tBTC.
2. This isn't first time people abuse tBTC for NFT, token or altcoin airdrop.
3. Testnet has been reset twice since in past people not using tBTC for development or learning purpose.

You're naive if you actually believe those who ask tBTC in order to get airdrop actually want to learn about BTC.

LoyceV

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Quote from: jonval21 on February 19, 2024, 08:38:20 AM

this year more than a million people is learning how to use bitcoin testnet and that is good for bitcoin

If you're referring to the "airdrop" spammers, you couldn't be more wrong. That has nothing to do with Bitcoin, and they're not learning how to use Bitcoin. They're learning how to jump through hoops to get made-up BS tokens.
Besides, Bitcoin testnet isn't meant to teach users how to use a Bitcoin wallet, that's pretty much straight forward. It's meant for developers to test the things they're building without putting their real money at risk.

Quote

trying to tell people how to uses blockchain even test coins. are you serious ?

When people ask for OP's coins, he can do whatever he wants.

criptoevangelista

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Quote from: jonval21 on February 19, 2024, 08:38:20 AM

Quote from: notblox1 on February 11, 2024, 03:27:08 PM

The problem is that people were asking for the coins to test, but in fact they wanted to make some money with them by using them in some shitcoin airdrop, that is, they abused the OP's good faith to suck up their coins for their own benefit, and not for educate themselves about bitcoin.

So the OP has every reason to be upset, I would be too, I would feel deceived.

Now people who really want to learn about bitcoin will find it more difficult to obtain the coins, meaning some bad people harm everyone else who had good intentions.

jonval21

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Quote from: notblox1 on February 11, 2024, 03:27:08 PM

LoyceV

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Quote from: BlackHatCoiner on February 18, 2024, 05:54:35 AM

Quote from: LoyceV on February 18, 2024, 04:38:38 AM

Last time I tried, I couldn't mine using CPU.

Have you tried this guide?

Yes (see that same thread). It's futile, even on testnet the hashrate is far too high for CPU.

Quote from: LoyceV on February 18, 2024, 04:38:38 AM

There's not much left to mine anyway: the block reward is 0.01220703, and in some blocks fees are higher than that.

And how much do you need for testing? Tongue

A few mBTC is enough to open LN-channels, but with such low block rewards, there's not much to give away. And since most people don't have an ASIC laying around to mine some, there aren't many options left.

Quote from: LoyceV on February 18, 2024, 04:38:38 AM

The problem is that someone manages to earn money from this.

I know, but is it really our concern? ~ I consider "gullible newbies" not so innocent and naive.

They also spam others to convince them to buy whatever BS they made up, and I do believe some of them, although gullible and naive, don't deserve to get scammed. But I can't do more than warn against it, and that's a losing battle anyway. There's always a new sucker to get scammed.

BlackHatCoiner

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Quote from: LoyceV on February 18, 2024, 04:38:38 AM

Last time I tried, I couldn't mine using CPU.

Have you tried this guide?

Quote from: LoyceV on February 18, 2024, 04:38:38 AM

There's not much left to mine anyway: the block reward is 0.01220703, and in some blocks fees are higher than that.

And how much do you need for testing? Tongue

Quote from: LoyceV on February 18, 2024, 04:38:38 AM

The problem is that someone manages to earn money from this.

I know, but is it really our concern? There is a host variety of scam coins out there that are equally worthless, and nobody gives a damn. Call me a bit of a harsh, but I consider "gullible newbies" not so innocent and naive. Every person who takes part in these schemes simply wants to make money; they know it's likely a useless token, but will do whatever the "project" says to earn the airdrop. They're equally guilty.

LoyceV

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Quote from: BlackHatCoiner on February 17, 2024, 03:30:46 PM

~ and who are willing to mine them and give them for free.

Last time I tried, I couldn't mine using CPU. There's not much left to mine anyway: the block reward is 0.01220703, and in some blocks fees are higher than that.

Quote from: BlackHatCoiner on February 17, 2024, 03:30:46 PM

If an idiot wants to trade real, hard cash for, by definition, worthless tokens, then let them do it.

The problem is that someone manages to earn money from this. But I still prefer that over spamming the real Bitcoin blockchain to sell Ordinal crap, so indeed: let them do it

BlackHatCoiner

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Farewell, Leo

If some people want to treat testnet as non-worthless, then so be it. If an idiot wants to trade real, hard cash for, by definition, worthless tokens, then let them do it. There will always be people who treat them as worthless, and who are willing to mine them and give them for free. And in the worst case scenario that they become minimum, we can always restart the chain.

notblox1

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Quote from: LoyceV on February 15, 2024, 04:28:00 AM

I noticed something else: many Testnet blocks are full! They're close to the maximum "Weight", which means there's a massive number of testnet transactions being created. It's still better than on-chain Ordinal spam on the real Bitcoin blockchain of course.
I also noticed most blocks take slightly over 20 minutes, which is the maximum time on Testnet before the difficulty drops. I think that means barely anyone is mining Testnet with sufficient hashrate anymore.

I identified three or four projects that are paying rewards for sending bitcoin testnet coins, but not to everyone, they are making people compete who is going to send more coins Tongue

My best guess is that there are more similar projects and for this reason I had to pause my Testnet faucet service, until this thing cools down.
Be ready for new wave of scams coming soon Roll Eyes

Quote from: NotATether on February 15, 2024, 04:54:03 AM

Does anybody even make ASICs for testnet mining? Or can existing ASICs can be tweaked to use testnet's getblocktemplate?

It is the same type of miner like for mainnet bitcoin.

LoyceV

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Quote from: ABCbits on February 15, 2024, 04:59:33 AM

I wonder whether someone finally notice Bitcoin testnet3 remain alive for more than 10 years and makes it suitable to store data "forever".

Even if testnet3 ends, nothing is stopping the Ordinal spammers from keeping the chain alive. Or, more likely, they'll find a way to charge their users for bridging their BS to another chain.

ABCbits

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Quote from: LoyceV on February 15, 2024, 04:28:00 AM

I wonder whether someone finally notice Bitcoin testnet3 remain alive for more than 10 years and makes it suitable to store data "forever".

Quote from: LoyceV on February 15, 2024, 04:28:00 AM

I also noticed most blocks take slightly over 20 minutes, which is the maximum time on Testnet before the difficulty drops. I think that means barely anyone is mining Testnet with sufficient hashrate anymore.

It's also possible they want to obtain tBTC with minimum effort, by performing mining only when difficulty dropped to 1.

Quote from: NotATether on February 15, 2024, 04:54:03 AM

Quote from: LoyceV on February 15, 2024, 04:28:00 AM

Does anybody even make ASICs for testnet mining? Or can existing ASICs can be tweaked to use testnet's getblocktemplate?

You can use existing ASIC to mine tBTC. Here's an example, [Guide] Solo mine testnet bitcoins with cgminer, Bitcoin Core, and a Compac F.

NotATether

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Quote from: LoyceV on February 15, 2024, 04:28:00 AM

Does anybody even make ASICs for testnet mining? Or can existing ASICs can be tweaked to use testnet's getblocktemplate?

LoyceV

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Shishir99

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Quote from: Mitchell on February 11, 2024, 04:59:16 PM

It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens (announcement tweet).

I saw their airdrop offer a couple of weeks ago when a YouTube channel named Ilme Aalim posted a video about this airdrop. But, I didn't pay attention because these airdrops never payouts well amount. Most of these airdrops pay less than $10 and the participants need to work hard for these ten bucks! That is not the point. What they would do with these test net tokens? They could have set up a faucet for their users. I don't know what is the supply of testnet tokens and if it has any special usecase.

OgNasty

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Quote from: Bitcoin_Arena on February 11, 2024, 06:20:46 PM

I guess more is yet to come.

More is always yet to come and that's how we like it. Bitcoin is strong because so many people try to break it. Break all the things is even a motto of some around here. Break and decentralize everything is my take on it. Sure, people are doing this for their own financial gain, but that will always be an attack vector that needs to be accounted for and dealt with. So while this sort of thing targeting the testnet is no doubt a nuisance, it can only strengthen it in the end and that's a great thing.

notblox1

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Quote from: Mitchell on February 11, 2024, 04:59:16 PM

It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens

I heard about that one yesterday, and they collected crazy amount of testnet coins so far, but I think there are more projects that are similar.
It seems to me this is going to be the new ground for scam projects in 2024 and 2025.

Quote from: icopress on February 11, 2024, 08:22:06 PM

Can someone explain the difference to me as if I were 5 years old? Roll Eyes

Most 5 year old boys dont know to read and write all letters yet Grin

It is the same like in normal bitcoin addresses, there are older and newer formats but they all work fine.

Quote from: LoyceV on February 12, 2024, 04:44:12 AM

Unfortunately, it's nothing new

Smells like a new bullrun and now they have new toys to play with ZK and layer2.

SamReomo

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Quote from: Mitchell on February 11, 2024, 04:59:16 PM

It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM

Now I got it that why the user was asking for Testnet coins. I thought they might be doing something good but all they want is that airdrop of NFT. I agree that now Bitcoin is getting attacked by those NFTs and Ordinals from all sides.

Those guys have not started attacking testnet coins which have no value at all and are mined for testing purpose only. So, I guess OP will surely get bombarded with many messages and requests because he's offering free testnet coins to users.

DaveF

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My standard question always is why not use regtest 1st. https://developer.bitcoin.org/examples/testing.html
And then once you have a working application that you can show us then we can discuss giving you testnet coins.
Beyond that, either you probably don't know what you are doing or are looking to scam. Because .1 TBC is more then enough to take care of most testing.

But, where there is money involved, people will want to get some of it for free, so we are stuck dealing with the scams.

-Dave

LoyceV

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Quote from: notblox1 on February 11, 2024, 03:27:08 PM

This is very suspicious to me

Unfortunately, it's nothing new:

Quote from: gmaxwell on July 18, 2020, 02:27:35 PM

There is a shitty/scammy ethereum ICO thing right now giving people shares in exchange for testnet btc, this is totally screwing up the usability of testnet and also causing antisocial dickwads to waste all our time begging for testnet coins without disclosing that the only thing they want them for is to make a quick buck.

That was 3.5 years ago.

Quote from: Mitchell on February 11, 2024, 04:59:16 PM

It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens

It never ceases to amaze me how creative they are in creating money-grabbing schemes. I've been wondering what would be the next thing, and after altcoins, ICOs, tokens, Forkcoins, DeFi, NFTs and Ordinals, it seems that this is "the next big thing". Lol.

Quote from: NotATether on February 11, 2024, 10:52:27 PM

Bitcoin Core devs need to take action and reset the testnet network again.

It's been a while:

Quote from: Nick ODell on StackExchange

The current testnet is on its third iteration, somewhat unimaginatively titled testnet3.
It was put that way by this commit:
Testnet, Mark III
gavinandresen authored 2012-04-12
~
Essentially, the devs want testnet coins to be worthless for two reasons:
to make them easy to mine
because it's nice to have a place to demonstrate attacks against bitcoin without actually disrupting the network. You can show that an attack is valid without costing people real money.

I wasn't around when the first 2 Testnets ended, but considering it's been almost 12 years, this has been the longest running Testnet ever. And it's not easy to mine without specialized hardware.