Bitspace [BSX] - Hybrid POW/POS | Nist 5 | highly profitable, global cryptocurrency ecosystem







  • About Bitspace

    Cryptocurrencies have already changed the world over the past few years. Bitspace is here to join the economy revolution with it´s decentralised cryptocurrency ecosystem.
    A highly profitable, global cryptocurrency ecosystem that doesn’t rely
    on banks or financial institutions.
    The BitSpace team intends to implement the extended functionality of Bitspace Ecosystem by incorporating such applications as BSX miner program, BSX Exchange, BSX bank and BSX Platform for renting and leasing rigs + Algorythm convertor. Implementation of those products seeks to expand the coin’s sphere of circulation, thus driving demand for it.
    BSX is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. BSX uses peer-to-peer technology to operate with no central authority,
    BSX blockchain also summarizes the best characteristics of digital currencies, which were issued earlier (Bitcoin, Peercoin), such as: increased security, fast consensus mechanism, and increased decentralization achieved by requiring miners to prove the knowledge of the transaction data.

    Coin Cpecifications

    POW/POS Hybrid
    Algo: Nist 5
    Name: Bitspace
    Ticker: BSX
    Block time: 60 seconds
    POW block reward: 100 BSX
    Last POW block: 450010
    Block maturity: 30 blocks
    POS starts from block:1
    POS yearly interest: 10%
    Min. stake age: 24 hours
    Max. stake age: unlimited
    Decimal places: 8
    Min. sending fee: 0.00001 BSX
    Premine : 10% (reserved for ICO)
    RPC Port: 13250
    P2P Port: 13252

    Bitspace blockchain

    Bitspace is a hybrid POW/POS coin
    Both Proof of work and Proof of stake protocols are running at the same time.
    Normally you mine with your computer (rig) and get coins as a reward.
    With BSX you can also mine via holding coins in your wallet.

    Proof of work

    Proof of work is a mining process in which a user installs a powerful computer or mining rig to solve complex mathematical problems (known as ‘‘proof of work hashes‘‘)
    Once several calculations are successfully performed for various transactions, the verified transactions are bundled together and stored on a new ‘‘block‘‘ on distributed ledger or public blockchain
    Mining verifies the legitimacy of a transaction and creates new currency units.

    Proof of stake

    Proof of stake is an alternative process for transaction verification on a blockchain.
    It is increasing in popularity and being adopted by several cryptocurrencies.
    To understand proof of stake, it is important to have a basic idea of proof of work.
    BSX uses POS based on yearly interest. Which is set to 10% per year.
    Coins (input) have to be older 24 hours. Maximum age is not set.

    Explanation of POS 10% interest per year

    Basically you get a certain percentage of your coins as a reward.
    Some people think, They can ‘‘earn‘‘ here, but that´s nonsence, because if the market cap stays stable, the single coins are worth less, if new coins are generated.
    So you just ‘‘keep‘‘ your value, if you are staking. And ‘‘loosing‘‘, if you are not….
    Its like in a bank if you get 10% interest , and the inflation is 10% as well.
    You only ‘‘earn‘‘, if there are transaction fees . They are also payed to the staker

    Distribution

    Bitspace is a POW/POS hybrid
    POW and POS starts from 1st block.
    POW block reward is constant 100 BSX per block.
    POS interest is 10% early.
    POW mining phase will last for one year. And It will end at block 450 010.
    After POW ends. Bitspace will be auto switched to pure POS.

    Distribution of Premine

    5 000 000 BSX (10% of total coins)
    4 500 000 BSX will be sold in ICO. (Ico is over. We collected 1.21 BTC)
    250 000 BSX will be used for bounties
    250 000 BSX is Developers’ and advisors’ capital

    Wallets:

    Windows

    Linux

    Mac

    RASPBERRY PI


    How To Install Ubuntu Mate On Raspberry Pi 2 And 3?

    Ubuntu MATE is an excellent operating system for computers, especially
    those with limited hardware capabilities. Ubuntu MATE on Raspberry Pi 2
    and 3 also performs perfectly.

    Guide how to install Ubuntu Mate

    Then you can connect to it using Putty or directly on it through Terminal

    sudo add-apt-repository ppa:bitcoin/bitcoin sudo apt-get update(edited) sudo apt-get install libdb++-dev sudo apt-get install libdb4.8-dev libdb4.8++-dev sudo apt-get install libssl-dev libdb-dev libdb++-dev libqrencode-dev sudo apt-get install libboost-all-dev then chmod the wallet to 755 and run it …


    Bitspace Blockchain Explorer

    Mining Pool:

    hash4.life

    Hyperpool.ro

    Protopool.net

    lpool.name

    lycheebit.com

    miningpool.shop

    saltpool.net

    miningpanda.site

    minersport.us

    hash4.cash

    How to mine Bitspace

    Nist5 is only GPU mineable. (no asics) POW Mining period will end at block 450 010. Is should be around  9-12 months of mining.

    What you need to mine Bitspace?

    1. Wallet 2. Miner Software 2.1 Miner Configuration

    Miner software

    For nVidia cards we recommend using CCminer.

    You can download ccminer according to your Operating System:

    CCminer 8.15 (KlausT) : https://github.com/KlausT/ccmi... CCminer 2.2.4 (tpruvot) : https://github.com/tpruvot/ccm...

    For AMD cards we recommend using SGminer

    SGMiner : https://github.com/nicehash/sg...

    Miner configuration (ccminer)

    2.1.1 Create a new launch file (“mine BSX on minebsx.bat” using notepad or notepad++ under windows) and paste the following command into it:

    ccminer-x64 -a nist5 -o stratum+tcp://pool.xxxxxxx.net:13250 -u B7DF5cqq8nvnfD9wLAutgchB9hjJz8jdjZ -p x –cpu-priority=3

    This example is for pool mining. Change pool value + BSX value. (p is password)

    Solomining BSX

    1. Download wallet and install it.

    2. Go to C:\Users\t\AppData\Roaming\bitspace

    3. Edit *bitspace.conf* (using notepad or notepad++ under windows)

    copy and paste folowing:

    rpcuser=(your user)

    rpcpassword=(your password)

    rpcallowip=127.0.0.1

    listen=1

    server=1

    addnode=62.77.152.57:13252

    addnode=185.144.157.144:13252

    addnode=185.144.156.228:13252

    Rpcuser + rpcpassword  can be changed. Use strong password!

    4. Download miner software

    Create a new launch file (mine BSX on

    “bsxsolo.bat” using notepad or notepad++ under windows) and paste the following command into it:

    ccminer-x64 -a nist5 -o http://127.0.0.1:3210 -u ”your rpc user” -p ”your rpc password” –cpu-priority=3

    You are now soloming into your wallet.

    (also make sure your wallet is running while mining)

    Exchange:

    https://graviex.net/markets/bs...

    Vote for BSX

    https://www.southxchange.com/H...

    Roadmap

    Links:


    website:https://bit-space.io/

    twitter:https://twitter.com/Bitspace_BSX

    discord:https://discordapp.com/invite/...



  • Bitspace (BSX) New Exchange Update 

    Bitspace (BSX) is now trading on the CryptoBridge Decentralized Exchange! https://t.co/4upw8uXZK5  



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