Archive for the ‘Crypto Coins’ Category

The fears of unintentional Bitcoin split due to the activation of SegWit may have been averted and chances of this happening may be low, but that does not stop people from actually doing intentional fork of Bitcoin (BTC). Bitcoin Cash (BCC) has been announced as an upcoming split from Bitcoin with a protocol upgrade to fix on-chain capacity, without changing the economic rules of the Bitcoin and without SegWit. Bitcoin Cash (BCC), apparently driven mostly by Asian miners and crypto community members, will fork on August 1st as per the announced plans for the project.

Bitcoin Cash (BCC) will be a fork of the Bitcoin blockchain 1:1, meaning that on August 1st you will get as many BCC coins as you have Bitcoins in your wallet. It is advised that you keep your Bitcoins in a personal wallet where you control the private key in order to be able to claim any Bitcoin Cash coins as keeping coins on an exchange will not work unless of course that exchange adds support for BCC. It is yet to be seen what the value of the new Bitcoin Cash coins will be and if it will get enough user traction. We could be looking to something like the Ethereum and Ethereum Classic split from last year, and this is what will most likely happen with Bitcoin still remaining strong.

Bitcoin Cash (BCC) will come with an immediate increase of the block size limit to 8MB from the current limit of 1MB that Bitcoin currently has. It should offer Replay and Wipeout Protection permitting the safe and peaceful coexistence of the two chains. Bitcoin Cash introduces a new transaction type as well as a bit different difficulty adjustment algorithm. After the fork happens miners will need to switch to different pools in order to be able to mine BCC coins and initially the hashrate on these will be pretty low, making it attractive for miners to temporary switch hashing power from Bitcoin mining to BCC. Then again it is also important what the price will be and which exchanges will jump on the train supporting the new fork.

For more details about the upcoming Bitcoin Cash (BCC) fork on Bitcointalk…

We were feeling a bit nostalgic for the old times where a new altcoin with a fresh algorithm and a new miner will launch and we would just go and mine it. Signatum (SIGT) has just offered what we needed to feel nostalgia over the old mining times no more. It is a new coin with no premine, ICO, dev fee or any of these and it comes with a new algorithm and thus new miners to support it. It is a POW/POS coin, though POS with 5% annual will start after block 98500 and POW mining will end at block 100000. The initial block reward is 2500 SIGT, down to half after block 3000 then halving again after block 60000. The total PoW coins that will be mined are 137,500,000 with block time of 2 minutes, after that POS is 5% annual on staked coins. There are no big promises being made for big and bright future with this one, though there is a lot of user interest already and a lot of miners are jumping on board, so who knows…

There is a CPU miner available, though with the release of AMD GPU miner (forked sgminer) and Nvidia GPU miner (forked ccminer) there is not much point mining with CPU anymore. SIGT is already being traded on Cryptopia with more exchanges probably following soon with the user interest apparently growing for this new altcoin, so you might want to check it out and give it a try mining if you have some spare GPU power available.

Signatum Mining Pools:
https://sigt.suprnova.cc/
https://pool.mn/sigt/
http://lpool.name/
https://onepool.online/
http://hashbag.cc
http://yiimp.ccminer.org
https://pool.coin-miners.info
https://aikapool.com/sigt
http://zpool.ca/

You can check the SIGT announcement thread over at Bitcointalk for more details…

Do you know that there are some crypto coins that are doing airdrops to owners of Bitcoin? This means that if you are holding BTC in a wallet that allows you to sign messages (local or online one) you can get free money in the form of crypto coins. Below are some of these coins that send to you an amount of their tokens based on how much Bitcoin you have in your wallet, there could be some more, so if you know of some other one that is missing please point to it in the comments below. A word of warning though, you need to be careful with such coins and more specifically what they ask you for in the form of confirmation you are the owner of a given BTC wallet. Signing a message or doing a micro transaction from a Bitcoin wallet is fine as confirmation, but if they ask for a private key or wallet file or some sensitive data like that, then just avoid them!

Bitcore (BTX)
Bitcore made a Snapshot of the Bitcoin Network at Blockheight 463604 and captured every Wallet with a Balance bigger than 0.01 BTC, all wallets containing BTC at that point can claim free BTX coins by signing a message from your wallet (exchanges are not supported). Furthermore after you claim your free coins if your wallet has at least 10 BTX you will receive a 3% bonus payment on a weekly basis.

Byteball (GBYTE)
With Bytecall for every 16 BTC you receive 1 GB (1 gigabyte = 1 billion bytes), furthermore for every 5 GB you receive additional 1 GB. To prove your Bitcoin wallet balances you need to install the Byteball wallet and chat with the Transition Bot (you find it in the Bot Store in the wallet). The bot will help you link your Bitcoin and Byteball addresses by making a micropayment or signing a message. The next (8th) airdrop round is scheduled for the full moon of August (Aug 7, 2017 at 18:10 UTC).

Stellar Lumens (XLM)
The current round of XLM giveaway will be for up to 16 BILLION Lumens to Bitcoin holders or 16% of the initial Lumens. On June 27th, 2017 the next airdrop of Lumens will be made available to any Bitcoin holder who wants them, including those that received Lumens during the first giveaway round. Lumens will be available for exchanges that support the giveaway as well as for users with their own Bitcoin wallets. The snapshot of the Bitcoin blockchain will be taken on June 26, 2017 and the Lumen distribution will be held on the next day with 974.957961 XLM per Bitcoin owned in wallet. Participating exchanges for the moment include: Kraken, BTC38, Deribit, Yuanbao, NaoBTC and Bit-Z.


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