BTH Mining Difficulty Reduction Window
Difficulty reduction for first 20,000 blocks! Also, become a Verified Bithereum Mining Pool!
If you’re looking for info regarding Bithereum’s testnet, check out our blog, here: https://medium.com/@bithereumnetwork/bithereum-testnet-v1-is-live-777d8c1a1fad
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 forking from Bitcoin block #555,555 (estimated December 28th). The window 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 miners begin as soon as the hard fork happens in order to receive the maximum rewards. After this point, the LWMA Difficulty Adjustment Algorithm will kick in, which adjusts the difficulty after every block.
Furthermore, if you are a pool and interested in becoming an official verified mining pool for Bithereum, you can register for that here in the link below. Doing so will allow you to be listed on our site as verified and make you a top choice, after your status as a pool has been verified by us. If you are an individual solo miner, there’s no need to register on this list because every solo miner has to still connect to a pool to mine.
The official mainnet launch for Bithereum is slated for Bitcoin block #555,555, which is estimated to be December 28th. We successfully took the hard-spoon snapshot of Ethereum on December 12th. This is to reward all ETH holders with BTH since Bithereum is utilizing the Casper protocol for the BTH PoS consensus model.
You can read more about the spoon here: https://medium.com/bithereum-network/bithereums-hard-spoon-snapshot-is-complete-c1814024ea9a
Our mainnet source code is also available and can be found here: https://github.com/BTHPOS/BTH/releases (Builds for the various operating systems will be updated as they’re completed.)
To anyone pools that register for the Verified Mining list will be the verified Bithereum mining pools upon launch and will be listed on our site as such as well; this is our way of building a strong mining community from the get-go and rewarding early participants for believing in Bithereum!
BTH Sponsored Mining Pool Registration: https://bithereum.network/mining/form
Relevant Mining Parameters/Metrics
Block reward: 25 BTH (2x the BTC reward)
Total Supply: ~32 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 * 2¹³) * (1-pool.fee) * 3600
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 have any questions regarding testnet or BTH in general. You can reach out to us by PM’ing us via bitcointalk or by sending us an email at info@bithereum.network.
Regards,
The Bithereum Team
Two Chains, One Coin
