Greetings,

We come bearing unfortunate news, and it is much to our dismay to announce that Bithereum’s current chain will be shut down in the coming days. About a month, on around July 27th, the Bithereum chain was attacked via a hidden pool which essentially hijacked the chain, causing a split to happen. The original chain which is being run by the attackers is now on block 648,294, while the chain our node is running is on block 648,105. Our node and any other nodes on the latter chain cannot sync properly unless they are able to communicate with the node on 648,294, which seems to be private. We had asked the community if anyone had a node at this height but it was to no avail unfortunately.

As a result, the BTH that everyone has is no longer usable. The chances of this changing are highly unlikely and due to this, we have asked exchanges to halt trading of BTH so that the malicious actors don’t pursue a double-spend opportunity. To clarify, the chain has been beyond saving in our capacity since the attack first took place.

This has been a project that we have worked on for over 2 years, and is one that we poured countless hours into, along with finances. Though we ended up not getting much out of it financially, it was a joy interacting with many people and growing this community tenfold. We cannot express our appreciation enough for everyone who believed in us and gave us chances, and we apologize for falling short of what we hoped to accomplish.

Having said that, this is not necessarily a full-on goodbye as we will potentially look into shifting BTH to an ERC at some point in the future. There are no guarantees with this, however it is certainly something we would consider if we are in the position to do so in the future.

For now, we will be putting the website in maintenance mode, and will be shutting down the discord channel. We will keep the telegram group open to continue discourse about crypto in general, and to use for updates in the future if BTH is ever resurrected. Once again, thank you to everyone and we wish success to all in the community as crypto goes to the moon!

Regards,

Bithereum Network Team

Bithereum Final Update was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone,

We wanted to give a brief update on the current status of Bithereum and what can be expected as we move forward in 2020. Though we have been quiet for some time, we would like everyone to know that development work has been going on for this entire span and that Bithereum is still alive and kicking. Proof-of-Uptime v2.0 (https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17) has continued to go strong week-after-week with the last round of payouts being issued to around 150 nodes! We thank everyone for their continued support of the network and welcome any newcomers wishing to be rewarded for running BTH nodes.

We also wanted to address that we are aware that the node map has been down for quite some time, and will work to revamp it entirely to make things even better once we have launched nimbleNODE.

As for development, we have been working on nimbleNODE for months now and are finally close to where we want it to be. To be specific, we are currently on the 14th iteration of the app. When it comes to wallets, security is something to be taken extremely seriously, so we have done everything we could to make it completely bulletproof with this. It has taken a lot of extra time, but the peace of mind it’ll give users is worth it in our opinion.

Once it’s complete, running a BTH node will be easier than anyone can imagine, and all of your funds will be accesible from the tip of your fingers via the mobile app, from anywhere in the world! During the time since we have announced nimbleNODE to the community, we have been working extremely hard to incorporate some added features. These added features include end-to-end encryption, remote access, and a bunch of other important aspects that we felt were paramount to enhancing user experience upon launch including AES256 encrypted node backups. Essentially, the Bithereum nimbleNODE will be the ultimate mobile wallet/full node experience, all the while providing users with PoU rewards every week.

You can find more information about this here: https://medium.com/nimblenode/nimblenode-launch-update-48a975448a49. We will be releasing another blog in the near future once we are ready to announce a hard date and begin accepting payments.

Until then, stay tuned and get started on earning BTH rewards through PoU!

If anyone has any questions regarding BTH or nimbleNODE, please feel free to reach out to us via Discord or Telegram.

Bithereum Network

Visit the Bithereum Network website to learn more. Stay up-to-date with our project news and announcements by following our social media channels: Facebook, Twitter, and LinkedIn.

Bithereum Q1 2020 Update was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

NOTE: You must have a different BTH address associated with each node you are running!

*Info about referrals is at the bottom of this blog

Download the Bithereum Node Tool here: https://github.com/BTHPOS/node-management-tool/releases

Bithereum Bootstrap to block 602,763 (instructions below): https://drive.google.com/file/d/1Zhe_SfOYvdILcb0omuVAHpdHVaf0gV_b/view?usp=sharing

Bithereum Node Map: https://node.bithereum.network/#!/

Node Tool Video Tutorial: https://www.youtube.com/watch?v=C9heigHV4jk&feature=youtu.be

Bithereum’s first iteration of Proof-of-Uptime (PoU) has been running for 4 months now and the number of nodes has grown week over week; last week there were 186 nodes!

Proof-of-Uptime will now be shifting into phase 2, as we introduce the Bithereum Node Tool. The node tool is REQUIRED for anyone who wishes to participate in PoU, since this is what will be used to check uptime and issue the weekly payouts.

For those who are unaware, Proof-of-Uptime is a completely new initiative, unique to Bithereum, that rewards ANYONE who runs a BTH node. This system functions similarly to mining rewards which are earned for an individual’s work in every Proof-of-Work algorithm. In most PoW systems, including Bitcoin and Ethereum, there is a misalignment of incentives when it comes to full nodes. Though running a full node is absolutely crucial to the success of the network in the first place, there is no model in place to incentivize this, relying on people to be ideologically attached to a project rather than financially incentivized in the way that every miner is.

This initiative is also different from the idea of masternodes, in that it’s not required to have any BTH to earn node rewards. Keep in mind that this is the first iteration of the node tool; future iterations will be released as needed and we plan to add referrals in the future as well.

Bithereum Node Tool

This is a completely new and unique tool in the space that allows anyone to run a node with ease, even those with a limited technical understanding. Simply download the tool, choose “Add Node” then “Create New” and click through the various steps to start running your node.

You can decide where to save the folder on your computer, and choose which BTH address you’d like to use for your PoU payouts. We recommend creating a new folder for each node you will be adding. When your node is fully synced, you’ll be able to use the tool to monitor your node’s uptime and add more nodes if you have the storage capacity.

For those of you already running a BTH node, you’ll be able to add any existing nodes you have. Simply click “Add Node” then “Add Existing” and fill in the information during the next steps. If you’re adding a node from a different machine, you’ll need to enter the IP, P2P, and RPC ports.

Again, the node tool is REQUIRED for anyone who wishes to participate in PoU.

For those of you who do not understand what P2P/RPC ports are, or the difference between local and network IP addresses, you can just elect to create a new node and the node tool will take care of everything for you!

Getting Started (For New Nodes):

1. Download the Bithereum Node Tool for your operating system (Mac/Windows/Linux): https://github.com/BTHPOS/node-management-tool/releases
2. Download the Bithereum Bootstrap (to block 602763): https://drive.google.com/file/d/1Zhe_SfOYvdILcb0omuVAHpdHVaf0gV_b/view?usp=sharing
3. Create a new folder called “Node 1” (or anything you’d like). Unzip the Bootstrap file and drag the two folders called ‘blocks’ and ‘chainstate’ into the “Node 1” folder.
4. In the Node Tool, click ‘Add Node’, then ‘Create New’, then ‘Choose Folder’, and select your “Node 1” folder.
5. Enter your BTH address, or create a new one and SAVE YOUR PRIVATE KEY.

Give it a minute and your node will start running from block 602,763! If you’d like to add a second node, create a new folder called “Node 2”. Stop the first node, copy and paste the ‘blocks’ and ‘chainstate’ files into the “Node 2” folder. Select the “Node 2” folder when creating a new node. You can start the first node back up again after this.

Things to Keep in Mind:

1. When adding an existing node, be sure that your IP address is a public address (accessible via port forwarding to 18554 and 18553).

2. If you would like add private/local ip addresses to the node tool, you can do so only if your node tool is running on the same network as your full nodes. Local IP addresses typically start with 192.168 or 10.0.

3. P2P and RPC details such as RPC port, RPC username, RPC password, and P2P port can be found in your full node configuration. If you don’t know where your configuration file is or you have not set one up, it is best to simply create a new node instead.

4. The BTH address associated with your nodes on the Node Tool do NOT need to be your address generated from the full node. You can use any BTH address that you have BTH in, even if you generated the address on a mobile wallet (ex. Guarda).

5. At any point if you’d like to shut off your machine, it is highly recommended that you stop your node by going to “Edit” then click “Stop this node”.

6. It is recommended that you have at least 4GB of RAM on your machine for all versions. If you have below this, it is possible that your machine will slow down.

7. When creating a new BTH address through the Node Tool, be sure to save your private key!

Node Tool Screenshots:

PoU Payout Breakdown v2

In PoU, the amount each full node will be awarded with will be based on 2 things:

1. BTH Holding (in USD)
2. Uptime %

Your reward tier will be determined based on the amount of BTH you hold in terms of USD, earning a higher amount of BTH with each increasing tier. However, it’s NOT required to have BTH to earn rewards. Secondly, the percentage of time your node is up, will be the percentage of how much of your reward you will earn.

Check the chart below for a breakdown:

For example, if someone is holding 500 BTH at $0.10 per coin, and their node is up 80% of the time, they will earn 12 BTH for the week (Tier 4, 80% uptime).

Referrals

With PoU v2.0, you can officially earn BTH for downloading the node tool as well as referring others to do the same! Check out the following link to get started: https://nrs.bthfaq.com. The rewards are the following:

• If you “register” on the NRS(Node Referral System) and the node tool is reporting, you will receive 5 BTH .
• If you refer someone else, both parties will receive 1 BTH upon the referee entering their address into the referrers link.

If anyone has any questions regarding BTH or PoU, please feel free to reach out to us via Discord or Telegram.

Bithereum Network

Visit the Bithereum Network website to learn more. Stay up-to-date with our project news and announcements by following our social media channels: Facebook, Twitter, and LinkedIn.

Bithereum’s Proof-of-Uptime v2.0 was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Many people are unable to participate in running a full node due to a lack of knowledge or lack of resources. Furthermore, the space needed to run a full node is more than often 200GB+ and the syncing process itself can take months, ultimately costing the user time, money, and sanity.

Today, we are excited to introduce the nimbleNODE (https://nimblenode.io): the most portable, affordable, and nimble way to run a full node from anywhere in the world. nimbleNODEs are lightweight, wi-fi and bluetooth-equipped devices that are the size of your favorite biscotti. As nimbleNODEs are full nodes, these devices are also amongst the most secure hardware wallets in the entire world; you’re the only one who can ever access the device.

The first iteration of this miniature hardware device will feature support of Bithereum along with Proof-of-Uptime rewards, making it the quickest and easiest way to run a node and earn rewards at the same time, all through a sleek mobile application interface. Every nimbleNODE is pre-imaged with a pruned Bithereum blockchain in just under 8GB, and ready to instantaneously run Proof of Uptime out of the box. Just plug it in, go through our easy setup, and start earning BTH rewards! A nimbleNODE device can fit in the palm of your hand and is meant to be taken anywhere and everywhere. To check up on your node remotely, simply download our mobile application, and connect to your nimbleNODE via wi-fi.

Mobile App Overview

The nimbleNODE app, which everyone will communicate with their device through, is sleek, intuitive and secure. It allows you to track your balance at all times, as well as deposit BTH in order to participate in different PoU tiers. All you as the user has to do is download the app, connect to your nimbleNODE via wi-fi, and get started upon reaching 100% sync status.

Referrals

For every person you refer to pre-order a nimbleNODE, you can earn 20 BTH! All you have to do is share your referral link with that person, and when they make the payment, your order number will be credited with 20 BTH which you can claim at anytime by entering your order number into the nimbleNODE site. Also, as stated before, every pre-order will receive 10% off on the final price.

Moving Forward

The vision of nimbleNODE is grand to say the least, and you can expect that many of the major blockchains and coins will also be coming to this device in the near future. Ultimately, the vision is to create a massive, coin-agnostic full node ecosystem consisting of many cryptos while also creating a means of exchange between everyone in the nimbleEcosytem.

We have many big features and announcements on the horizon for nimbleNODE, so stay tuned. It’s time to become a part of the path to self-sovereignty today!

Simplicity Meets Crypto: Introducing nimbleNODEs for Bithereum was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

*IMPORTANT*: Please scroll down to see the tutorial for BTH private key conversion. It is mandatory to convert your key in order to be able to see your balance. This can be done here (https://bithereum.network/#!/key-converter), details are below.

We are happy to announce that bounty distribution has been completed as of May 6th, 2019! We were able to successfully distribute a total of 20,000 BTH to more than 5000 bounty participants over the course of the last 2 weeks.

Balances as well as payouts that have been sent can be seen here: https://bithereum.network/bounty/check. All rows have been paid out.

For anyone who has now received the payouts, we certainly hope you guys stick around; you have all been with us for the past half a year now so why not run a full node and earn some more BTH? You can check out all the details about Proof-of-Uptime here, https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1, and start earning BTH with as little as 8 GB of free disk space.

We have many big things in store and have major plans for this blockchain so let’s work together to take Bithereum to the moon!

*IMPORTANT*

Everyone who receives their reward will need to convert their BTH private keys into an ‘Uncompressed WIF format’. We have released a Private Key Converter to convert the keys, and this tool is also available to use offline for those who wish.

https://bithereum.network/#!/key-converter

https://github.com/BTHPOS/address-tool (offline)

The private key that you have from the BTH website is an uncompressed version, so if you import that into Guarda/Electrum it will be a different address than what we will send it to. Once you convert to the new WIF Uncompressed private key, you will be able to import that into a BTH wallet (Guarda, electrum etc.) and see your bounty balance. You can find the list of BTH wallets here, https://bithereum.network/#!/resources (only Guarda, Electrum, or the full node wallet allow importing).

Note: This is ONLY for those who are using a BTH private key generated from the website before the launch. If you already have a BTH address that was created after Bithereum’s January launch, you won’t need to do anything else.

If anyone has further questions, feel free to pm us. We have included screenshots for how to go about this process, below.

Bithereum Bounty Distribution was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bithereum’s Full Node Rewards Program

Please go to the updated version of this blog, Proof of Uptime v2, here: https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

This blog is outdated! Please check out the PoU v2 blog here: https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

PoU v2 including the Bithereum Node Tool

Please go to this blog for more information on Bithereum’s Proof of Uptime and the Bithereum node Tool: https://medium.com/bithereum-network/bithereums-proof-of-uptime-v2-0-69da7c1ca17

Proof of Uptime

We are excited to announce that we are in full-swing with Phase 1 of Bithereum’s development already, and officially began the first iteration of our Full Node Rewards program on Friday, February 22nd. EVERYONE running a full node can now earn BTH for doing so, through this new initiative, called Proof-of-Uptime (PoU) v1.0.

This system functions similarly to mining rewards which are earned for an individual’s work in every Proof-of-Work algorithm. We are officially introducing a new concept coined by the Bithereum Team, called “Proof-of-Uptime”, or PoU. In every other PoW system, including Bitcoin and Ethereum, there are a misalignment of incentives when it comes to full nodes. Though running a full node is absolutely crucial to the success of the network in the first place, there is no model in place to incentivize this, relying on people to be ideologically attached to a project rather than financially incentivized in the way that every miner is.

In PoU, the amount each full node will be awarded with will be based on their node’s uptime; the higher amount of uptime a node has, the higher their reward payout will be, however even a miniscule amount of uptime will generate at least some reward.

Payouts will be issued once a week, unless noted differently by us. The amount of BTH you are holding in terms of BTH’s USD price will determine how much you can earn each week. To see the payout structure, you can check out the PoU chart below.

The ‘Payout Per Week’ numbers above are based around a full node having an uptime of 100% during a payout period; the percent of uptime will directly correlate to the proportion of the rewards each full node receives on a week-by-week basis. For example, if you hold $25 USD worth of BTH in your full node address (Tier 3), but only have an uptime of 50% for the week, your payout will be 5 BTH instead of 10 BTH.

Note: Those who reach 100% sync status in the middle of a payout period WILL NOT receive rewards until they complete a full payout period cycle (Friday to the next Friday). You will then receive rewards for that payout period and also every period moving forward. Once again, you will not receive rewards for the week that you sync if its in the middle of a payout period; payouts would begin the following week.

Future versions/iterations of PoU are subject to change the required holding amounts and payouts depending on the state of the network (network growth and full node count). When there are eventually changes/updates to the PoU structure in the future, everyone will be notified ahead of time and a new tier chart will be released prior to any change going into effect.

A full node interface will be released in the coming days and will be accessible on our site. We will post the link for that when it is up. Through this interface, you will be able to see your full node stats such as payouts, tier levels, referrals and more, as your address can be entered to see your full node dashboard. The official full nodes page on the site will also have a realtime PoU chart, with the amount of BTH needed to fill each tier constantly updating based on USD values. A preview of how the interface for this page will look is below.

If you need help with running a full node, check out https://bthfaq.com/ for a tutorial for doing so. The official release for our full node can be found here: https://github.com/BTHPOS/BTH/releases.

We will also be releasing a Bithereum Node Management Tool in the coming days, which will make the process of running a full node far easier. Though this Node Management Tool will be very useful for those who haven’t synced yet, it is also a REQUIREMENT to download for everyone who wishes to participate in PoU. This dashboard in the Node Management Tool will give each individual the status of their node, report that your full node is up, and also contain a unique key for each user, which would be required for the referral system as well. Below is a preview of how the BTH Node Management Tool will look.

Our referral system for PoU is explained below; more details will be added in the coming days when the Node Management Tool is released. Get started today and become a key part of Bithereum’s growing network, while earning BTH throughout!

Referrals

*Note: The Referral system will be ready some time in the coming weeks and we will notify everyone and release a new blog when it’s live. Directions for referring will also be posted.

Proof-of-Uptime will have a built-in system for referrals. Any individuals who have reached 100% sync status on their full nodes, can refer other individuals to sync from them. Upon 100% completion of syncing, both parties will recieve 1 BTH. There are a total of 10,000 BTH allocated for referrals, and rewards will continue to be distributed until this allocation is finished. Upon running the Bithereum Node Management Tool, you will be given a unique key which will function as your referral ID. This key will be used by others who you refer to run a node. More details will be added here soon as to how to do the process correctly.

Happy syncing,

Bithereum Network Team

Introducing Proof-of-Uptime was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Current Mainnet Status

Bithereum has made tremendous progress since the launch on January 5th. It has been a tough few weeks with the various issues we had, but as promised, we have worked tirelessly to get everything up and running. Thus far, we have already had as much as 33 full nodes running and rewards haven’t even begun yet. The network’s mining hash rate has also increased week-by-week, and more people continue to enter the fray. At peak hashrate, Bithereum was the second highest out of all other Equihash <144,5> coins, within the first day of its launch alone. As per the movement of BTH coins, there has been over 100k total transactions already on the network, with as high as 200 transactions in a day, which we would say has exceeded our expectations.

Furthermore, in our first month of being launched, we have been able to get listed on multiple exchanges, one being a top exchange worldwide, along with four different wallets that cover every type of device.

We just wanted to update our community about everything that is currently available in the Bithereum ecosystem, as well as what will be coming moving forward. But for now, everyone can look forward to what Bithereum already has thus far!

Site

We have made several significant updates to Bithereum’s website; all resources pertaining to the BTH ecosystem can now be found here: https://bithereum.network/#!/resources.

New Explorer

We have completed building a brand-new Insight explorer for Bithereum that is fast-performing and completely up to date; it can be found here:

https://insight.bithereum.network/

Wallets

Bithereum has four different wallet options available for users: ElectrumBTH, BTH Core, Guarda and Zelcore (two 3rd party wallets).

Electrum (For more advanced users): https://github.com/BTHPOS/electrum

BTH Core (Full node Wallet for Windows, MacOS, Linux): https://github.com/BTHPOS/BTH/releases/

Guarda Wallet (Desktop, web, and mobile for both iOS and Android; Can import BTH addresses into Guarda): https://guarda.co/

Zelcore Wallet (Desktop and mobile for both iOS and Android): https://zelcore.io/#download

Exchanges

Bithereum is currently trading on two different exchanges, P2PB2B and Instant Bitex. Two more exchanges listed below will be coming soon.

P2PB2B: https://p2pb2b.io/ This exchange is a top 20 exchange in the world by volume and has three different pairs for BTH: BTH/BTC, BTH/ETH, and BTH/USD.

Instant Bitex: https://instantbitex.com/ This exchange will has three different pairs: BTH/BTC, BTH/ETH, and BTH/USDT.

Lescovex (coming soon): https://lescovex.com/ This exchange will have fiat pairs as well as crypto pairs for BTH.

Bisq (coming soon): https://bisq.network/ This exchange is p2p and decentralized. It will also have fiat pairs.

Pools

Official — Bithereum Network Pool: http://pool.bithereum.network

Altpool.pro: http://bth.altpool.pro , http://solo-bth.altpool.pro

Equihub: https://bth-test.equihub.pro/, https://solo-bth.equihub.pro/

LuckyPool: https://bth.luckypool.io/

Moving Forward

Though we are officially on mainnet and have accomplished the biggest milestone of all, we have many more things to look forward to in the coming months for Bithereum and our community. In the coming days, we will fully transition to Phase 1 of Bithereum’s development, which will be centered around full node rewards and incentivizations around this to grow the network significantly. Essentially, everyone running a full node will be able to earn BTH, through a new initiative, called Proof-of-Uptime (PoU). The amount each full node will be awarded with will be based on their node’s uptime; the higher amount of uptime a node has, the higher their reward payout will be, however even a miniscule amount of uptime will generate at least some reward. We will release further details in the coming weeks.

After PoU is fully up and running, we will work on starting the distribution of BTH for ETH holder redemption and those that participated in the bounty. It is hard to give timeline at the moment, but we will be able to do so once full node rewards are up as it is next on our to-do list. At the latest, it would be before the end of Q1.

Once all of the above is taken care of, we will move on to Phase 2 of Bithereum, which will be centered around working with merchants/retailers around the world to accept BTH as payments and we will also work to have BTHpay (our own version of bitpay) as well. We will focus on various different regions globally and work to get partnerships in order to facilitate the adoption of BTH as a p2p currency. As this is happening, we will also begin working on a shift to Proof-of-Stake, as this is the ultimate vision for Bithereum’s consensus.

All in all, there are plenty of exciting developments on the way; stay tuned for everything that’s coming to the Bithereum ecosystem!

Bithereum Network

Visit the Bithereum Network website to learn more. Stay-up-to date with our project news and announcements by following our social media channels: Facebook, Twitter, and LinkedIn. Join the conversation on our community channels: Telegram, and Reddit.

Bithereum News Updates was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Welcome all cryptocurrency miners interested in mining Bithereum! We’ve provided all the links and resources you’ll need below to get started.

For a video tutorial on mining BTH for both NVIDIA and AMD you can check one out here (created by Kire Palceski on YouTube, not the BTH team): https://www.youtube.com/watch?v=U3KbbMJxLFM

Bithereum Explorer

View and monitor the status of the Bithereum blockchain: http://insight.bithereum.network/insight/

Create an Address

If you haven’t yet created a BTH address to include into the mining software, you can create one on a BTH Core, Electrum, Guarda, or ZelCore:

BTH Core — https://github.com/BTHPOS/BTH/releases (Windows, MacOS, Linux)

ElectrumBTH — https://github.com/BTHPOS/electrum

Guarda — https://guarda.co

ZelCore — https://zelcore.io/#download

Mining Software

In order to mine BTH you can download the following software:

For AMD:

• Lolminer: https://github.com/BTHPOS/mining-amd-lolminer

For NVIDIA (Lolminer will work, however these miners are optimal):

• NHEQMiner: https://github.com/BTHPOS/mining-nvidia-nheqminer
• Funakoshi Equihash Cuda Miner: https://github.com/BTHPOS/mining-nvidia-funakoshi-miner
• MiniZ: https://github.com/BTHPOS/mining-nvidia-miniz

Mining Pools

In order to mine BTH you can connect to the Bithereum Network mining pool or one of the valid mining pools listed. More mining pools are on the way:

Official BTH Pool: http://pool.bithereum.network

ALTpool: http://bth.altpool.pro

EquiHub: https://bth.equihub.pro (Pools available in US, EU, and Asia)

AltcoinZONE: http://bth.altcoinzone.xyz

Chain Parameters

Block Reward: 25 BTH (Halving at block 630,000)

Mining Algorithm: Equihash <144,5>

Difficulty Adjustment Algorithm: LWMA (after every block)

Block Size: 4MB plus SegWit

Avg. Block Time: 10 mins

Total Supply: 30,886,000 BTH

Circulating Supply: 23,774,900 BTH

Mineable Supply: 7,111,100 BTH

How to Mine Bithereum was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Welcome everyone to the definitive guide to redeem Bithereum for both BTC and ETH holders. Since Bithereum is a fork of Bitcoin, all BTC holders are eligible to redeem Bithereum at a 1:1 ratio. Also, since Bithereum is utilizing Ethereum’s Casper protocol for our Proof of Stake model, we’ve created a mechanism that enables all ETH holders to redeem Bithereum as well.

This was done via a hard spoon of the Ethereum chain which we go more in detail about here: https://medium.com/bithereum-network/bithereums-hard-spoon-snapshot-is-complete-c1814024ea9a. TL;DR: ETH holders can redeem at a ratio of 38 ETH:1 BTH

This blog is divided into two sections, for both BTC and ETH holders. Proceed below to see the steps for redeeming through either of the chains (or both). There is no time limit on the redemption process, you can redeem at any time.

For ETH Holders

To redeem BTH as an ETH holder, you’ll need to send a 0 (zero) ETH transaction to our ETH redemption smart contract with your BTH address in the data field. This triggers the Bithereum Oracle to send your entitled BTH to the address you provide.

Here are the steps necessary to redeem:

1. Create a BTH address at https://guarda.co/ (or from any other BTH wallet of your choosing)
2. Save your BTH public address and private key (Make sure you save your private key and do NOT share it with anyone)
3. Convert your BTH public address into hexademical format (The hexadecimal format of your BTH address allows the smart contract to read it). You can quickly do this here, by pasting your public address into the ‘input text field’: https://www.online-toolz.com/tools/text-hex-convertor.php
4. Once you get the Hex output, copy this text, and add a ‘0x’ in front of it. This step is CRUCIAL as this hex output is what you’ll include in the transaction date for the 0 ETH transaction in the following step. An example of how a hex output with ‘0x’ added in front of it would look is below: 0x425275516f7334623648616961815762867971754d45576b3778744369566d705548
5. Send your 0 (zero) ETH transaction. You can send this from any wallet that allows you to input transaction data, and we have provided tutorials for six of the top Ethereum wallets:

MyEtherWallet: https://medium.com/@bithereumnetwork/eth-holders-how-to-redeem-your-bth-using-myetherwallet-232e40ca899c

MetaMask: https://medium.com/@bithereumnetwork/eth-holders-how-to-redeem-your-bth-using-metamask-9f0e9c1a3d96

Jaxx: https://medium.com/@bithereumnetwork/eth-holders-how-to-redeem-your-bth-using-jaxx-a5cd530417b6

Ledger: https://medium.com/@bithereumnetwork/eth-holders-how-to-redeem-your-bth-using-ledger-wallet-f42608565e90

imToken: https://medium.com/@bithereumnetwork/eth-holders-how-to-redeem-your-bth-using-imtoken-58c0d3d7ba79

Trezor: https://medium.com/@bithereumnetwork/eth-holders-how-to-redeem-your-bth-using-trezor-b7ffba052bf6

(If you know what you’re doing, and don’t need a tutorial for a 0 ETH transaction, our ETH Redemption smart contract address is: 0x3C2C10e5Ecd073D9ee238493D338Ec6e3d7281C6. Please be sure to put your hexed BTH address in the data field)

Congratulations, you’ve succesfully redeemed your BTH.

NOTE: ETH holders will start receiving their BTH some time before the end of Q3 of 2019. We will post an announcement when ETH holder issuance begins.

For those that sent 0 ETH transactions with addresses that start with a ‘1’ instead of a ‘B’ (prior to our mainnet launch), you can simply import your private key into a BTH wallet once ETH holder issuance begins and you’ll be able to see/use the funds.

For BTC Holders

To get started, it is advised that BTC holders move their BTC to an entirely new wallet as this prevents any scenarios where coins are lost by spending on either chain. Although we have implemented full replay protection to prevent this scenario from happening, you should still do this just to be on the safe side.

With your BTC safely moved to a new address (created after Bitcoin block #555,555), the private key associated with the old BTC wallet can then be imported into the Bithereum wallet option on Guarda.

With the BTC holder’s old Bitcoin wallet imported into this BTH wallet client, the BTC holder will be able to see exactly how much BTH they will have based on their BTC balance prior to the fork block.

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Step 1 — Create a Guarda Wallet

Go to https://guarda.co and create a web wallet by clicking “Create wallet” in the top right corner.

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Step 2 — Choose Import or Restore

After selecting “Create wallet”, this screen will follow and you will click “Import or Restore”

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Step 3 — Import by currency

In the “Import by Currency” section you will see “Select Currency”, click on that and then click on Bithereum. Paste your BTC private key into the box that says “Private key, Mnemonic, WIF or XPRV”. Then click on “Add wallet”

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Step 4 — Import

After clicking “Add wallet”, scroll down on the same screen and you will see how much BTH you will be redeeming based on how much BTC you had in your wallet. If this screen is accurate, select “Import”

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Step 5 — Create a password

Next you will select a password for this private key on Guarda. This will encrypt the private key and you will use this password to log into Guarda. Make sure you write it down just to be safe.

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IMPORT IS COMPLETE

You will see a screen similar to this which now shows your BTH balance, Wallet address, and allows you to send/receive.

(For more seasoned veterans, you can import your BTC private key into our Electrum wallet if you are more comfortable with that.)

If you would like to import this Bithereum address into the Guarda mobile wallet, then you can repeat this same process on the Guarda app for Android or iOS.

That’s all there is to it. Follow these simple steps to redeem your BTH and be a part of the Bithereum Network ecosystem.

Bithereum Network

Visit the Bithereum Network website to learn more. Stay-up-to date with our project news and announcements by following our social media channels: Facebook, Twitter, and LinkedIn. Join the conversation on our community channels: Telegram, and Reddit.

Bithereum Redemption Guide for BTC and ETH Holders was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are excited to announce that Bithereum’s hard spoon snapshot of the Ethereum blockchain was successfully completed on December 12th, at exactly 19:00 UTC or Ethereum block number 6,874,581. This means that the existing account balances of the ETH holders were recorded at that exact moment, in order to then reward them in Bithereum upon launch at the ETH to BTC ratio.

The ETH to BTC ratio at the time was 38 ETH to 1 BTC (ETH at $91.60 and BTC at $3,506.62), so ETH holders will be able to redeem BTH at the same ratio of 38 ETH to 1 BTH. The total amount of BTH that will be set aside for ETH holder redemption is 2,730,450 BTH. BTC holders will be able to redeem BTH at a ratio of 1 BTC to 1 BTH upon launch as well, as it is a fork of Bitcoin. By taking this hard spoon snapshot, the total max supply of BTH has also been finalized and will be 30,886,000 BTH.

We have also officially set the launch date of Bithereum; Bithereum will be forking from Bitcoin at Bitcoin block number 555,555, or around December 28th! We have also included some pointers below for how to best prepare for the fork.

Preparing for Bithereum’s Fork

If you are operating a mining pool or just running a full node, you can already begin syncing as our final mainnet build is officially on GitHub (https://github.com/BTHPOS/BTH/releases). We will be adding builds for various other operating systems as they become available to this release. If you don’t know how to, no worries, we will also be releasing further tutorials/blogs as we reach the fork date including how to run a full node and more.

For all BTC holders, it is recommended that you aren’t holding your funds on an exchange at the time of the fork. On an exchange, you aren’t in possession of your private key and won’t be able to redeem BTH on your own, it’ll be up to the exchange to reward you. This means, it is HIGHLY recommended you move your funds to a wallet in which you have control of the private key so that you can guarantee redemption. We will release a tutorial for how to redeem BTH as a BTC holder by the time the fork takes place.

For all ETH holders, if you haven’t already sent your 0 ETH transaction to be awarded with BTH after the launch, check out our previous blog for more details/tutorials: (https://medium.com/bithereum-network/bithereum-redemption-rundown-4ec3c435ed49). You can redeem anytime after the launch as well, but only from the address in which your ETH was stored in at the time of our hard spoon snapshot.

Stay tuned for more updates as we reach closer to the fork!

Bithereum Network

Visit the Bithereum Network website to learn more. Stay-up-to date with our project news and announcements by following our social media channels: Facebook, Twitter, and LinkedIn. Join the conversation on our community channels: Telegram, and Reddit.

Bithereum’s Hard Spoon Snapshot is Complete! was originally published in Bithereum Network on Medium, where people are continuing the conversation by highlighting and responding to this story.