Hello steemians,
I am here to tell you about a way to make 2.5% every week until november, and then an additional unknown amount in november.
Some of you may have heard about a coin called bitcore - What is bitcore? Bitcore (BTX) is a coin that rose during the struggle to fix Bitcoins scalability issues, and has done so quite successfully so far.
It implements several features that emphasize speed and continued usage.
20 MB blocks - We all know bitcoin has a 1 mb block which fills up, and eventually creates a backlog of transactions. This means Bitcore can hold 20x more transactions instantly.
Segwit (Segregated witness) - I won't go into too much detail here because its been all over the place since LTC and DGB enabled it.
2.5 minute block times - Recently Bitcore was updated to have 4x as many blocks as bitcoin. To increase the speed, they also split the block reward to prevent inflation.
Made by the creators of Bitsend - www.bitsend.info for more information.
How to get Bitcore:
Step 1. Download the wallet for bitcore here:
https://github.com/LIMXTEC/BitCore/releases/download/0.14.1.1.3/Windows.zip
It takes an hour at max to fully sync.
Step 2. Go to bitcore.cc - If you held bitcoin at the time of the first snapshot, then you can claim free BTX at a 1:1 ratio to your bitcoin by signing from your bitcoin address.
Mining:
Bitcore is asic resistant and uses a special algorithm called time-travel. It's best to mine it in a pool, despite the network hashrate being low.
With 1 nvidia 1050 I was earning between 1-2 BTX a day.
Purchasing:
Currently BTX is only listed on cryptopia,
https://www.cryptopia.co.nz/Exchange/?market=BTX_BTC
However we as a community are aiming to get it listed on bittrex and livecoin in the upcoming months (most likely after the final airdrop in november)
Airdrops:
Every monday until the final airdrop in november every address in the top 1000 will receive various rewards.
Airdrop 1 & 2 received 10 BTX per address; this created alot of splitting of coins though, so the lead dev changed this for Airdrop 3.
Airdrop 3 will be +2.5% BTX for every address in the top 1000.
Final Airdrop:
The Final Airdrop in November will take all unclaimed Bitcore currently around 16m, subtract 10% for the dev fund and divide all remaining BTX to everyone that holds BTX.
This means if you hold 20% of the distributed and mined BTX, you would receive 20% of the BTX from the final Airdrop. With BTX currently holding strong between $1-1.50 with it being so new I think shows strong signs that this coin will survive the final airdrop.
so many crypto currencies its hard to stay on top of them all. Thanks for sharing and keep us informed
So true and it's also hard to put our trust in all crypto currencies.
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Do you have to have bitcoin first? I have never bought cryptocurrency before and am looking for something to get me started. I only have a few dollars to spare and don't know where to start. I already know bitcoin is outta my reach.
Dear guarddog,
It is not out of your reach, go check Colinbrazendale, he has an explanation on how to buy bitcoin. Remember, nothing is out of your reach. You just need to start.
To claim it you did need bitcoin, to buy it you need btc ltc or doge. Its relatively challenging to find any crypto that allows straight USD purchasing unfortunately.
You could try mining this coin if you feel somewhat tech savvy and have a decent nvidia gpu.
I'm clueless on all that. Guess I'll never be able to invest in cryptocurrency.
Henry Ford: “Whether you think you can, or you think you can't -- you're right.”
And another of his which fits: “Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young.”
So ture
But start in bitcoin! You can buy $10 bucks (or what have you) at a time and build slowly... The point is to start! Coinbase is the easy slide into the abyss, muthaFa!
Sadly, some of us, most of the month anyway - Can not afford that :/
Wish I could buy $10 or $20 in BTC right now with the price drop. I'd invest it all in Steem.
I actually believe in this site.
GREAT COMMENT!
following you now :D
@libertyteeth
True! I think Henry Ford also said, "Two wrongs don't make a right, but three rights make a left."
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You can get paid micro bitcoin every week if you use Nice Hash. They also have a chart that shows you what you'll make based on your hardware. You will need a bit coin wallet first. Otherwise you're working for them for free.
well why u need btc in first time , you want to buy something or you just want to have them and w8 for the price ?
What makes btx asic resistant ?
Thanks for raising awareness. I'll look into it. Stella lumen also used this sort of model for initial distribution but I had some issues with their system not recognising my bitcoin addresses etc so I only received half the coins I was entitled to. Worth looking into though.
Join us at:
Forums:
https://bitcointalk.org/index.php?topic=1883902.0
http://bitsend.info/forums/index.php?board=36.0
Slack:
https://btx-invite.herokuapp.com
Or follow bitcore on twitter:
https://mobile.twitter.com/bitcore_btx
Great information for all the new comers to BTX.
That's very interesting.
Not a big difference from many other coins. There's faster coins: XRP or even monero and ETH. If we go to small caps... the list is bigger.
Sorry, but you must post real advantages, not restrict to block size and transaction time.
Anyhow, good luck with the coin
Timewise actually monero and eth are slower. Well let me rephrase that Monero is slower if you use a mixin count above two.
XRP needs less confirmations however if theres a decent amount happening those two confirmations to get from exchange to exchange can take 20 minutes.
And yes coins that are really tiny can be quicker, but they lack the liquidity that BTX could one day have.
Some of my thoughts on cryptocurrencies.
Some opportunities do exist but care must be taken in selection and holding period.
You could see more thots here : https://steemit.com/cryptocurrency/@kolex/where-do-the-cryptocurrencies-go-from-here
here are some good reasons to get into crypto despite today's draw down
https://steemit.com/cryptocurrency/@live2love/remember-uasf
This my 2,5% a day every day :) https://www.genesis-mining.com/a/1075651
thanks for information
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Very interesting, but what do you think about LiteCoin?
Litecoin, I think will always stand the test of time although its really hard to say that if bitcoin does what btx did. Would LTC stay at its current valuation or would it go down because of that?
Now trading at novaexchange:
https://novaexchange.com/market/BTC_BTX/
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I don't think you're doing this right. Spam is annoying.
Nice
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Upvoted and followed, thanks for sharing!
It was a pleasant surprise to see this grow in my wallet after mining it.
How fast can it be mined with a GTX970 card?
I cant say for sure but prettt sure the 970 is close to the 1050 in terms of hashrate, so approximately 1 a day (a little less right now because difficulty is up currently)
I see. So it seems mining either bitcore or zcash doesn't make a big difference. For some reason, following this tutorial, I get an error (illegal memory access) every few minutes, and mining stops. =( I've asked the author of the video about it, so I hope he can help.
What would you recommend mining - bitcore or zcash? I am really in two minds here...
Hmm strange, have you tried upgrading the miner itself?
They update em fairly frequently
Actually, not. I tried, but I get lost in all those different releases and versions... Could you provide a link to the one you're currently using, please?
Once I get home I can
No worries. I actually found one myself, and I still get the same error. Doesn't seem to be a common error either, I can't find anything on it. Back to mining bitcoin with Nicehash, I guess
great!!
This is really useful. Thanks!
crypto currencies?
Yes it is a cryptocurrency
Thanks for the information :)
Your post is promoted. Promotions help every steemians.
Your reward is an upvote and 0.905 SBD extra promotion.
Good job, see you next time in
Promoted! ;)#steam4steem
I'm mining Komodo. That's my gamble.
63 votes and only 1.59? wasup with that
I think you need bitcoin for any of the transactions.
New currencies are coming out daily....
thanks for useful content,
Question:
"Step 2. Go to bitcore.cc - If you held bitcoin at the time of the first snapshot, then you can claim free BTX at a 1:1 ratio to your bitcoin by signing from your bitcoin address."
Just any wallet address would do that currently has BTC in it or even one that at one time did?
Wow wonder how much money you would have to have to hold 20% , let alone 10% of BTX?
Good post and interesting.. a way to learn and mke money
Hey, I recently discovered btx and I wanted to ask you what kind of pool you are using? You mentioned you get 1-2 btx a day with a 1050 card, I barely get a half with a 1060 card. What am I doing wrong xD