The big picture of HBIT
Hivebits was born on 1/1/2022 and came after its big sister, LUV. Whereas LUV is about giving to others and expecting nothing in return, HBIT is about your effort earning you a reward. It follows the proof-of-work concept that bitcoin established...if you put in the effort, you earn something in return. So, the only way an HBIT gets into a wallet is by someone's purposeful effort, somewhere, at some point on the Hive blockchain. This makes HBIT different.
The intent is to keep Hivebits/HBIT easily available to everyone. To "mine" HBIT, all that is needed is (1.) a Hive account and (2.) to use a command such as !HBIT posted on the Hive blockchain. Simple, your effort, your reward.
Since 9/10/2022, HBIT has been integrated into Wusang: Isle of Blaq. WUSANG is the World's Ultra Simple Asset Numbers Game.
Prior reports:
Quarter 3 2023 - https://peakd.com/hbit/@hivebits/hbit-hivebits-quarter-report-q3-2023
Quarter 2 2023 - https://peakd.com/hive-159259/@hivebits/hbit-hivebits-quarter-report-q2-2023
Quarter 1 2023 - https://hive.blog/hbit/@hivebits/hbit-hivebits-quarter-report-q1-2023
Quarter 4 2022 - https://hive.blog/hbit/@hivebits/quarter-report
Quarter 3 2022 - https://peakd.com/hive-159259/@hivebits/quarter-3-report-2022
Quarter 2 2022 - https://peakd.com/hive-159259/@hivebits/quarter-2-report-2022
The introduction post is here and the "About" post is here.
Numbers
| Category | Amount | Note |
|---|---|---|
| Ave. daily HBIT emitted | 88 (98 last qtr) | See Graph 1 below. |
| 30 day ave. emitted | 14 (86 last qtr) | See Graph 1. |
| Current circulating supply | 70,000 (70,000 last qtr) | See Graph 2. There are currently 64,465 HBIT in the wild and 5,535 held by @Hivebits waiting to be mined. |
| Wallets that have held HBIT | 4,026 (3,991 last qtr) | |
| Wallets holding > 0 HBIT | 3,203 (3,260 last qtr) | |
| HBIT Whales | 25 | HBIT whales are those in the top 25 of HBIT holders. See richlist here. HBIT badge account: @badge-126842. If you feel you should be a whale, please contact @crrdlx. |
| Current Whale-of-Whales | @good.price | 2nd and 3rd HBIT whales are @hannes-stoffel and @fjworld. Check your status on the HBIT richlist. |
| % HBIT emitted without effort | 0% | Every HBIT represents some amount of work. |
| % HBIT released due to users' effort: | 100% | Every HBIT represents someones purposeful effort on the Hive blockchain. |
Graph 1 - HBIT emissions
Hivebits shared via the HBITbot.
Graph 2 - circulating supply
The circulating supply of HBIT. This is the amount of HBIT minted, but not necessarily in circulation. Most tokens are in Hive wallets, except for those in the @Hivebits account which are on standby waiting to be released when a Hive user calls the HBITbot.
Quick hits
- Between late October and December, Hivebits/HBIT was down. Something happened and the bot was dead. After about two months and a lot of head banging, it was up and running again. You can read details at the blog of @crrdlx.
- The graphs and numbers above reflect this outage clearly. Since the main premise of HBIT is that it is only emitted into the wild via someone's effort, zero were released during the downtime.
- As a note, I'd personally caution against merely glancing at the graphs trending downward and concluding, "Ohh, that's bad." I would disagree for a few reasons...
- The large spike in HBIT's early history may look positive, but it was due largely to token mining by bad actors farming Hivebits. It's a false increase in my mind.
- The zero emission during the downtime reflects the premise of HBIT: it only gets released when it is mined. This rule is hard and fast.
- Less emission means greater scarcity and that's always a good thing for holders.
Notably, the @Wusang game is still not up-and-running. That will take a bit more finagling on my part. I hope to get it going again and tied back into HBIT in the future. The 50/50 randomness of maybe getting a bonus "treasure token" simply added a layer of fun to Hivebits mining. I'll work on it.
Different
I feel Hivebits/HBIT is different from many tokens and feel this point is worth emphasizing...
Every single HBIT that in someone's wallet exists because someone actually put in conscious effort to mine that coin. Every single one. Zero were airdropped. Zero were given away. Zero were earned through rewards or staking or interest without someone first mining that HBIT. If an HBIT is "out in the wild," it's there because someone took the purposeful effort to dig it out. Just as bitcoin is backed by the code and the work required to mine it, HBIT is backed by the effort required to earn it as well.
Looking forward
The goals are simple: keep HBIT going and try to get Wusang working.
Wusang richlist
Like when HBIT was down, Wusang currently is emitting zero tokens. Emission down; scarcity up. Consider those tokens lying on the Isle of Blaq, somewhere, but no one can find them!
For fun, let's check the Wusang tokens richlist:
- BLAQ - #1 is @fjworld and #2 is @szejq. and #3 is @good.price Check your status here.
- BLAQGOLD - #1 is @fjworld and #2 is @calendars and #3 is @szejq. Check your status here.
- BLAQEMRLD - #1 is f@jworld and #2 is @good.price and #3 is @calendars. Check your status here.
Summary and final thoughts
Keep mining Hivebits/HBIT...one per person per day.
And, oh, since today is Jan. 1, it is @Hivebits second birthday! 😀 Happy birthday and happy new year!
written by @crrdlx
- Check your wallet or trade HBIT at: TribalDEX
- Connect to HBIT: Discord, Sting, Matrix, Telegram
- HBIT creator: @crrdlx
Not on Hive? The top benefits of the Hive blockchain: (1) no ONE person/group runs it, (2) YOU own and control your content, and (3) YOU earn the rewards that your content generates. Learn more or consider using my referral link to get your free account here and I'll support you as you begin. Alternately, you can see other options here.
Happy Birthday !HBIT and Happy New Year
I !LUV the idea of earning from your own effort.
!ALIVE
!CTP
!LEO
!BBH
Looking forward to a great year.
@hivebits! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @fjworld. (1/50)
@hivebits! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ fjworld. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Does #InLeo support the !LEO bot command? 🤯
Have some !PIZZA with !LUV! 😁
I don't know...I'm no longer using that command.
Don't worry, I was just curious. 🤗
Have another !PIZZA with !LUV! 😁
fjworld, savvytester sent you LUV. 🙂 (6/10) tools | trade | connect | daily
Made with LUV by crrdlx.
fjworld, savvytester sent you LUV. 🙂 (7/10) tools | trade | connect | daily
Made with LUV by crrdlx.
Happy HiveBits birthday and Happy New Year! :)
Have you thought of maybe doing a HiveBits multiplier in lieu of the Wusang tokens? You might do that until Wusang is fixed, or maybe just do it for special events, or don't do it at all; just a thought! It works well in my projects and people seem to like getting the rare or epic or Legendary multiplier. It's also super easy to code! :)
Super-easy to code, hah! I say! 😀 My (@crrdlx) coding skills are rather limited! I get that that sort of randomness adds to the fun in things (exactly why I did Wusang), but I'm kind of stubborn in that I want to stick with 1.0 HBIT per command per day. I appreciate the idea and feedback though. !LUV
You're not stubborn, you just have a vision for Your project and you are sticking to it. That can be called determination! I applaud you and whatever decisions you make! :)
I appreciate your words and support. I wish you would talk to my wife. For years I've told her the same thing about being stubborn!
!LUV
kenny-crane, hivebits sent you LUV. 🙂 (1/1) tools | trade | connect | daily
Made with LUV by crrdlx.
kenny-crane, hivebits sent you LUV. 🙂 (1/1) tools | trade | connect | daily
Made with LUV by crrdlx.
Congratulations @hivebits! You received a personal badge!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
!WITZ
lolztoken.com
Gott weiß alles, die alte Lehrerin weiß alles besser!
Credit: balte
@hivebits, ich habe dir im Namen von @thehockeyfan-at einen $LOLZ Token gesendet
Verwende den Befehl !WITZ oder !LOOL, um einen Witz und ein $LOLZ zu teilen.
ENTER @WIN.HIVE'S DAILY DRAW AND WIN HIVE!
.(5/8)
!LOOL
lolztoken.com
Sagt der eine Elefant zum anderen: Wie kann er damit nur essen?
Credit: captainloken
@thehockeyfan-at, ich habe dir im Namen von @savvytester einen $LOLZ Token gesendet
Verwende den Befehl !WITZ oder !LOOL, um einen Witz und ein $LOLZ zu teilen.
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
.(7/10)
Good news for the New Year! Happy New Year! Prosperity and well-being!
!LOLZ !PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
!HBIT
@iceledy mined HBIT. ⛏️ (1/1) tools | trade | connect
Made with LUV by crrdlx.
lolztoken.com
They're always taking things literally.
Credit: lofone
@hivebits, I sent you an $LOLZ on behalf of iceledy
(1/4)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
$PIZZA slices delivered:
@savvytester(1/5) tipped @fjworld (x2)
hola amigos, estoy interesado en el proyecto, cuantos HBIT necesito tener para poder usar el comando? !HBIT
casos de uso? quemado?
Hi, sorry this is late. I'm @crrdlx and I run Hivebits (HBIT). You don't need any HBIT to mine it! You can try it right now. Just post or reply with the command !HBIT and it should work. If you have any questions, ping me (@crrdlx).
Hola, lo siento por la tardanza. Soy @crrdlx y ejecuto Hivebits (HBIT). ¡No necesitas ningún HBIT para extraerlo! Puedes probarlo ahora mismo. Solo publica o responde con el comando !HBIT y debería funcionar. Si tienes alguna pregunta, escríbeme (@crrdlx).
Success! @hivebits(2/1) You mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. You can receive 100% of the HBIT by replying to one of your own posts or comments. When you mine HBIT, you're also playing the Wusang: Isle of Blaq game. 🏴☠️
Sorry, but you didn't find a bonus treasure token today. Try again tomorrow...they're out there! You can see your random number generated in the Discord server, #hbit-wusang-log channel. | tools | wallet | discord | community | daily <><
Check for bonus treasure tokens by entering your username at an H-E explorer or take a look at your wallet.
Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.
!HBIT