About
Bithereum is an upcoming fork of Bitcoin in combination with Ethereum’s technological roadmap structured around Proof of Stake consensus to create an unparalleled peer-to-peer digital currency. Bithereum represents two chains in one coin; by hard-forking Bitcoin, and hard-spooning Ethereum to reward them with BTH, Bithereum will be the world’s first hard-spork.
For more general info about our project you can view our bitcointalk ANN:
https://bitcointalk.org/index.php?topic=4738533.0
Prior to Proof of Stake, Bithereum will begin as a Proof of Work coin with an Equihash 144,5 mining algorithm. This allows for GPU mining which increases democratization, and the 144,5 algorithm requires more RAM than the standard 200,9 which will prevent the new Equihash ASIC’s from dominating mining efforts.
Testnet
Our testnet is officially live and you can check it out and prepare yourself for our mainnet launch by utilizing the below resources:
Testnet explorer - View and monitor the status of the testnet blockchain:
http://testnet-explorer.bithereum.network/
Mining Software (for miners) - In order to mine TBTH 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/nheqminer
Funakoshi Equihash Cuda Miner: https://github.com/BTHPOS/funakoshi-miner
MiniZ: https://github.com/BTHPOS/mining-nvidia-miniz
Testnet Pool (for miners) - In order to mine TBTH you can connect to our testnet pool (or run a full node):
http://testnet-pool.bithereum.network
Run a full node - If you would like to run a full node to maintain the network or send/receive TBTH:
https://github.com/BTHPOS/BTH/releases
Coming Soon: (links will be posted in coming weeks)
Testnet Faucet - To receive TBTH, enter your BTH Testnet address into the below link and you’ll immediately receive 0.1 TBTH
Web Wallet - Use the web wallet to view your TBTH balance and send to another address
For those interested in contributing to Bithereum’s development, you can submit a pull request or report any issues/bugs to the official Bithereum Network github: https://github.com/BTHPOS/BTH/wiki/Bug-Bounty
Difficulty Reduction Window/Sponsored Mining Pool Registration
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 in December. It 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 you begin mining as soon as the hard fork happens in order to receive the maximum rewards. After this point, Equihash <144,5> will kick in along with the LWMA Difficulty Adjustment Algorithm, which adjusts the difficulty after every block.
Furthermore, if you are a pool and are interested in becoming an official sponsored mining pool for Bithereum, you can register for that in the link below. Doing so will allow you to be listed on our site as sponsored and verified and make you a top choice, after your status as a pool has been verified. This is our way of building a strong mining community from the get-go and rewarding early participants for believing in Bithereum!
BTH Verified Mining Pool Registration: https://bithereum.network/mining/form
*Please also enter in the expected hash rate that you will deploy to Bithereum. Thank you.
Full Nodes Rewards Program
Bithereum will be rewarding ANYONE who runs a full node with BTH, similar to how miners get rewarded for their 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.
Proof-of-Uptime: Everyone who runs a Bithereum full node will be rewarded with a portion of Bithereum’s official mining pool’s fees. 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. A full node explorer will also be released when the mainnet source code is posted, in which each full node will be able to see their uptime, a portion of their IP address, and their BTH address, similar to the layout of https://ethstats.net/. Rewards will be issued to each of these public addresses every other day.
*The first 100 full nodes to connect to the network upon Bithereum’s mainnet launch will also be awarded with an additional 100 BTH.
More info regarding our full node rewards program will be posted in the near future via a medium blog when we reach our hard spoon snapshot date. Stay tuned.
Relevant Mining Parameters/Metrics
Hashrate: Estimated network hashrate of .88 MHash/s and counting
Block reward: 25 BTH (2x the BTC reward)
Total Supply: ~32 million coins
Mineable Supply: ~7.3 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 * 2^13) * (1 - pool_fee) * 3600
https://www.coinwarz.com/calculators/bi ... 00&hc=0.00
Hashrate per GPU (Equihash <144,5>):
lolMiner 0.5:
-AMD RX 580 4G (Sapphire Pulse, stock): ~25 sol/s
-AMD RX 560: ~12.5 sol/s
-Nvidia Vega64: ~37 sol/s
-NVidia GTX 1080 FE (stock): ~45.5 sol/s
lolMiner 0.6 (alpha):
-AMD RX 580 4G (Sapphire Pulse, stock): ~27 to 29 sol/s
-AMD RX 560: ~14 sol/s
-NVidia GTX 1080 FE (stock): ~53 to 56 sol/s
-NVidia GTX 1070: ~40 to 45 sol/s
Ewbf 0.5:
-NVidia GTX 1080 FE (stock): ~43.7 sol/s
Mainnet Updates
The official mainnet launch for Bithereum is slated for sometime in late December/early January; exactly two weeks prior to our planned fork is when the hard spoon snapshot for the ETH allocation will be taken. The reason for the hard spoon snapshot is to lock in the ETH allocation in accordance to the ETH:BTC ratio at the time to determine BTH’s total supply. As a reminder, Bithereum’s total supply includes the BTC supply from the fork, the mineable supply, the project’s allocation, and lastly the total supply of BTH which ETH holders are entitled to redeem upon launch based on the ETH:BTC ratio at the time.
Moments after the hard spoon snapshot is taken, the mainnet source code will be pushed to our public GitHub repository. This code will include the total supply of BTH as explained above and will also have the exact block number that Bithereum’s mainnet launch will occur at.
Note: The build that is currently on github is the pre-release; it will not work for running Bithereum on mainnet!!
This block number will be timed to be approximately two weeks after the date of the hard spoon snapshot, for which we will be making an announcement for when the time comes. The reason we will be taking the hard spoon snapshot two weeks ahead of the actual mainnet launch is so miners have ample time to get their pools set up, which cannot be done without the final mainnet code. If we were to release the code closer to the actual launch date, it could cause many miners to miss out on our difficulty reduction window due to possible timing issues with setting up pools/syncing blocks, thus, we feel it is best to give a two week window for everyone to prepare.
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 need some testnet BTH coins as well and we’ll send them over to your address. You can reach out to us by PM’ing us via bitcointalk or by sending us an email at info@bithereum.network.