BSGCOIN [BSG] [Bounty] - ​​ C11/SHA256d | POW /POS/Masternode - Earn rewards from Staking - Masternode - Mining



  • About BSGCOIN

    The Bsgcoin is a PoS/Masternode cryptocurrency developed with POS proof of stake.

    Bsgcoin is a safe, anonymous, fast and highly profitable coin with PoS/Masternodes and advanced reward system with Long-Term Development & Support.

    Specification:

    • Algorithm (PoW/PoS): C11/SHA256d
    • Block Time (PoW/PoS): 1 minute/1 minute
    • Maturity: 90 blocks
    • Difficulty Retargeting: every block
    • Total Supply: 36,800,000
    • Masternode Rewards: 25 BSGs of the POS blocks since block 1500, after block 1,000,000 50% of the PoS block reward
    • PoS coins maturation: 24 hour

    Mining

    Base Specs:

    • Algorithm : C11
    • Block Time : 1 minute
    • Maturity : 90 blocks
    • Difficulty Retargeting : every block

    ### PoW Rewards: (check height block: Bsgcoin Explorer )

    • Since block 1              : 368,000 (Premine)
    • Since block 2              : 1
    • Since block 101          : 5
    • Since block 201          : 10
    • Since block 301          : 15
    • Since block 401          : 25
    • Since block 1,500        : 15
    • Since block 40,001      : 12
    • Since block 200,001    : 10
    • Since block 400,001    : 8
    • Since block 1,000,001 : 6
    • Since block 2,000,001 : 3
    • Last PoW Block : 4,000,000

    Staking

    Rather than needing vast amounts of computer power to secure the network as in Proof of Work (PoW) - the first tier, Bsgcoin is more secure with the second tier - Staking with Proof of Stake (PoS). PoS is based on "coin age". Coin age is calculated by multiplying the number of coins by the "age" of these coins i.e. the amount of time since they were last transacted. This means owner can contribute to network security with almost any computer and earn reward.

    ### PoS Rewards: (check height block: Bsgcoin Explorer )

    • Since block 1,500        : 10 + fees
    • Since block 40,001      : 9   + fees
    • Since block 200,001    : 7   + fees
    • Since block 400,001    : 5   + fees
    • Since block 1,000,001 : 4   + fees
    • Since block 2,000,001 : 3   + fees
    • Since block 4,000,001 : 1   + fees

    Masternode

    The masternode system is referred to as Proof of Service (PoSe) - provide crucial services to the network. Miners power the first tier (PoW), Masternodes power the third tier. The owner of masternode earn reward for PoSe. Each masternode is “secured” by 5000 Bsgcoin Those Bsgcoin remain under the sole control of their owner at all times, and can still be freely spent. However, if the funds are moved or spent, the associated masternode will stop receiving rewards.

    ### Masternode Rewards: (check height block: Bsgcoin Explorer )

    • Since block 1,500        : 25 + fees
    • Since block 40,001      : 17 + fees
    • Since block 200,001    : 11 + fees
    • Since block 400,001    : 7   + fees
    • Since block 1,000,001 : 4   + fees
    • Since block 2,000,001 : 3   + fees
    • Since block 4,000,001 : 1   + fees

    Mission

    New financial system, more efficient, more benefit

    We know positively that there is space for improvements in any modern area of activity, including finances. The goal of any financial system is to ensure efficient operation of a currency with minimal costs, reducing fees, bringing more benefit for the end users. We believe that improving existing financial systems, as well as designing and implementing new ones that would serve the same goals even more efficiently is a necessity. Our mission is to develop a new financial system, more efficient, more benefit, i.e. providing all the same functions at less cost for the users.

    Wallet

    Bsgcoin Wallet is the full official release of Bsgcoin, and supports all Bsgcoin features as they are released. Bsgcoin Wallet (sometimes known as the QT wallet, due to the QT software framework used in development) is a professional or heavy wallet which downloads the full blockchain (several GB in size) and can operate as both a full node or masternode on the network. Because of the requirement to hold a full copy of the blockchain, some time is required for synchronisation when starting the wallet. Once this is done, the correct balances will be displayed and the functions in the wallet can be used. Bsgcoin Wallet is available for Windows, Linux and macOS.

    Download Linux daemon

    Download Windows wallet

    Download Mac OS wallet

    How to install Bsgcoind on Ubuntu

    Install Bsgcoind on Ubuntu 14.04:

    Install dependencies:

    • sudo apt-get update
    • sudo apt-get install git ntp make g++ gcc autoconf cpp ngrep iftop sysstat unzip
    • sudo apt-get install build-essential libtool automake autotools-dev autoconf pkg-config libssl-dev libgmp3-dev libevent-dev bsdmainutils
    • sudo apt-get install libboost-system-dev libboost-filesystem-dev libboost-chrono-dev libboost-program-options-dev libboost-test-dev libboost-thread-dev
    • sudo add-apt-repository ppa:bitcoin/bitcoin
    • sudo apt-get update
    • sudo apt-get install libdb4.8-dev libdb4.8++-dev

    Download the latest Linux QT wallet daemon Bsgcoin-Linux.zip from hereGithub Release . Unzip the file into the folder of your choice .

    Install bsgcoind and edit your bsgcoin.conf (content of bsgcoin.conf):

    • chmod 755 bsgcoind
    • ./bsgcoind
    • nano /root/.bsgcoin/bsgcoin.conf
      • rpcuser=YOUR-RPC-USERNAME
      • rpcpassword=YOUR-RPC-PASSWORD
      • rpcport=36369
      • rpcallowip=127.0.0.1
      • listen=1
      • server=1
      • addnode=212.237.15.163
      • addnode=80.211.36.93
      • addnode=80.211.165.110
      • addnode=80.211.25.202
      • addnode=80.211.80.158
      • addnode=80.211.144.224
      • addnode=80.211.161.12
      • addnode=80.211.83.233
    • ./bsgcoind -daemon

     

    Please, wait it to synchronize with the Bsgcoin network (this can take some time depending on the speed of your internet connection and your systems resources).

    Once synchronized, you can proceed to use the wallet.

    How to install Windows-Qt wallet

    Download the latest Windows-Qt wallet Bsgcoin-Qt-Windows.zip from hereGithub Release .

    Unzip the file into the folder of your choice (hopefully a logical place).

    Optionally create a shortcut to your new bsgcoin-qt.exe on your desktop.

    Ensure you maintain your network connectivity on your *secure PC for the next steps.

    Open your new Bsgcoin Windows QT wallet and allow it to synchronize with the Bsgcoin network (this can take some time depending on the speed of your internet connection and your systems resources).

    Once synchronized (you will see a green check-mark in the lower right corner of the wallet), you can proceed to use your wallet.

    How to install MacOS-Qt wallet

    Download the latest MacOS Qt wallet Bsgcoin-Qt.dmg from hereGithub Release .

    Click on the Bsgcoin-Qt.dmg file and follow any special instructions required by your system configuration.

    Ensure you maintain your network connectivity on your *secure PC for the next steps.

    Open your new Bsgcoin MacOS QT wallet and allow it to synchronize with the Bsgcoin network (this can take some time depending on the speed of your internet connection and your systems resources).

    Once synchronized (you will see a green check-mark in the lower right corner of the wallet), you can proceed to use your wallet.

    Block Exlporer

    Links:

    Website:https://bsgcoin.io/

    Twitter:https://twitter.com/bsgcoin

    Reddit:https://www.reddit.com/u/Bsgco...

    Github:https://github.com/bsgcoin/bsg...

    Google+:https://plus.google.com/102263...

    Discord:https://discord.gg/THXuvE




    Mining Pool:


    https://cvmpool.pw/

    Low fee 0.5% only


    Code:

    -a c11 -o stratum+tcp://cvmpool.pw:3574 -u <WALLET> -p x

    We stopped the campaign at 7:00 GMT on 9th August 2018.

    List of the Bounty campaign is inGoogle sheet.




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