Coins: 5523
Market Cap: $263.41B
24h Vol: $57.09B
Dominance: BTC 67.80% ETH 7.65% BCH 2.06%
0xBitcoin
0xBitcoin (0XBTC)
$0.19802 -8.48 %
Website 0xbitcoin.org
Explorer etherscan.io
Community Facebook | Twitter
Market Cap
$971,526
24 Hour Trading Volume
$994,407
24h Low / 24h High
$0.19518 / $0.21853
Available Supply
4906200

0xBitcoin (0XBTC) price, performance and general information

24h
7d
14d
30d
60d
1y
-8.48 %
-7.80 %
-16.64 %
-10.66 %
-45.91 %
-55.07 %

0xBitcoin (0XBTC) News

CryptSter - Crypto Social Network

CryptSter - Crypto Social Network

Link
A tribute to 0xBTC

Hey everyone!

My name is Chris and I am a community admin for BitcoinSoV. Some of you may have heard of us, some not, and that's O.K. I am creating this post to inform this community that I am posting a tribute on how our coin became to be, and that's largely because of Infernal_Toast and 0xBTC. Since I've only been involved in crypto since late 2017, my knowledge about this project is limited as I was primarily holding the bigger coins on the market. I just wanted to leave this here so this community can take a look at my post when it is submitted, but I also wanted to see if any members of this community could fill me in on some important information on 0xBTC I may not know.

Seeing as though many of our community members wonder how BitcoinSoV came to be I thought it would be a great way to give credit to this innovative project for making BSOV possible! Feel free to message me directly or comment here. I hope I am not breaking community guidelines, and I want to mention this is not a schill to get people over to our coin. My goal is to use any information attained to help the BitcoinSoV community understand our roots with transparency.

Thanks and Happy mining!


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MVis Explainer #3 : Merge Mining

MVIS Mining Pool does not support merge mining. I believe merge mining is bad for 0xBTC because it has a deflationary affect on the token.

What is basically happening is that the developers associated with "a certain mining pool" have figured out some clever tricks with smart contracts to magically award extra tokens every time the pool mines a block. "Tokens for free. Whoopee!!"

My response to that is, “If it cost you nothing to mine those tokens, how much are they really worth?” Yup, that’s right … NOTHING!! Congratulations, guys! You figured out how to print play money!! Any value those tokens might have on the market comes at the expense of 0xBTC. Merge mining devalues 0xBitcoin, plain and simple. It's like when the government prints extra money to pay off debts ... it drives down the value of the currency and drives up inflation.

Think about it. If I have $100 and divide it between fifty people, each person gets $2 right? What happens if I decide I am now going to divide it between 75 people? Of course everybody gets less. Awarding yourself more tokens doesn't mean you're getting more money, it just means each token is worth less!

Don’t get me wrong … I have no problem with real merge mining. Real merge mining is where you employ un-utilized compute resources on the mining rig to mine a different token. A perfect example is the ETH / decred pair. The ETH is mined using GPU resources, and the decred is mined using the CPU, which would normally just sit there doing nothing. That makes perfect sense. The decred you mine actually has some value because resources were expended in mining them.

That’s not the way it is with SEDO, though. No changes were made to the mining algorithm. It's all just smart contract trickery, and it hurts 0xBitcoin.

SEDO

Merge mining SEDO doesn’t just hurt 0xBitcoin economically though. It is my view that it also hurts our reputation in the cryptocurrency community. I’ve read through the SEDO website. I’ve read the white paper, or at least as much as I could before I started feeling nauseous! My conclusion is that SEDO is complete and utter trash! They claim to be working on some sort of Document Management System, but so far the only thing they have to show for themselves is they’ve managed to get listed on a few exchanges, they released a ‘Dice Bot’ game, and they staged some sort of “Easter egg hunt”???? I fail to see what any of that has to do with a document management system. SEDO is a disgrace to the 0xBitcoin community and we need to rid ourselves of it!

If you agree, please send your hashing power to a mining pool that supports pure mined 0xBitcoin, which to my knowledge includes http://tokenminingpool.com, http://0xbtc.tosti.ro, and of course my new pool, http://mvis.ca.


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MVis Explainer #3 : Merge Mining ... It's bad for 0xBTC!

MVIS Mining Pool does not support merge mining. I believe merge mining is bad for 0xBTC because it has a deflationary affect on the token.

What is basically happening is that the developers associated with a 'certain mining pool' have figured out some clever tricks with smart contracts to magically award extra tokens every time the pool mines a block. "Tokens for free. Whoopee!!"

My response to that is, “If it cost you nothing to mine those tokens, how much are they really worth?” Yup, that’s right … NOTHING!! Congratulations, guys! You figured out how to print play money!! Any value those tokens might have on the market comes at the expense of 0xBTC. Merge mining devalues 0xBitcoin, plain and simple. It's like when the government prints extra money to pay off debts ... it drives down the value of the currency and drives up inflation.

Think about it. If I have $100 and divide it between fifty people, each person gets $2 right? What happens if I decide I am now going to divide it between 75 people? Of course everybody gets less. Awarding yourself more tokens doesn't mean you're getting more money, it just means each token is worth less!

Don’t get me wrong … I have no problem with real merge mining. Real merge mining is where you employ un-utilized compute resources on the mining rig to mine a different token. A perfect example is the ETH / decred pair. The ETH is mined using GPU resources, and the decred is mined using the CPU, which would normally just sit there doing nothing. That makes perfect sense. The decred you mine actually has some value because resources were expended in mining them.

That’s not the way it is with SEDO, though. No changes were made to the mining algorithm. It's all just smart contract trickery, and it hurts 0xBitcoin.

SEDO

Merge mining SEDO doesn’t just hurt 0xBitcoin economically though. It is my view that it also hurts our reputation in the cryptocurrency community. I’ve read through the SEDO website. I’ve read the white paper, or at least as much as I could before I started feeling nauseous! My conclusion is that SEDO is complete and utter trash! They claim to be working on some sort of Document Management System, but so far the only thing they have to show for themselves is they’ve managed to get listed on a few exchanges, they released a ‘Dice Bot’ game, and they staged some sort of “Easter egg hunt”???? I fail to see what any of that has to do with a document management system. SEDO is a disgrace to the 0xBitcoin community and we need to rid ourselves of it!

If you agree, please send your hashing power to a mining pool that supports pure mined 0xBitcoin, which to my knowledge includes http://tokenminingpool.com, http://0xbtc.tosti.ro, and of course my new pool, http://mvis.ca.


Link
MVis Explainer #2: VarDiff - What is it and why should I care

In this article I would like to talk about another significant feature of my mining pool, namely, varDiff. You can check the pool out at mvis.ca.

VarDiff

MVIS Mining Pool implements a functional and fair varDiff system. VarDiff stands for “variable difficulty”. What this means is that while all miners start at a certain level of difficulty (currently set to 20,000), the pool will continuously monitor your share submission rate and adjust your difficulty level until you are submitting approximately 2 shares per minute. So big miners will see their difficulty adjust upwards every 60 seconds, whereas small miners will be adjusted down every 10 minutes, until everyone is submitting at about the same rate.

It Works

The vardiff system used at this pool has been tested extensively and is very reliable. You won't see any wild swings in difficulty like was common back when some of the other pools were just getting started.

A good varDiff system is highly desirable because it avoids the inevitable trade-offs that occur with a fixed difficulty system. A big miner with a difficulty too low can end up producing shares at such an excessive rate that it can actually impede the mining process. Conversely, a small miner can be stuck in a situation where it is virtually impossible to produce any shares.

It's Fair

Now I understand that some people don’t trust varDiff systems. There is a common thread you hear in some circles that varDiff is bad because it cuts down your profit by making it harder to find shares. That, however, reflects a significant misunderstanding about how your profits are calculated when mining. The mistake is to think that mining profit is simply determined by the number of shares you find. “The more shares I find, the more money I make.” That is not true.

Your profit is actually determined by the number of credits you earn, and the number of credits you earn is determined by the number of shares you submit times the difficulty level. So if your current difficulty is, say, 50,000 and you find one share, you just earned 50,000 credits! It is the credits that are used to calculate your awards, not the number of shares. When the pool eventually mines a block, every miner gets a proportion of the reward relative to the number of credits they have earned compared to other miners in the pool.

If you would like to mine at MVIS Mining Pool, simply point your rig to mvis.ca:8080.


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General

Name 0xBitcoin
Symbol 0XBTC
Rank #761
0xBitcoin price $0.19802
Market Cap $971,526
Trading Volume $994,407
24h Low / 24h High $0.19518 / $0.21853

All time high

All time high $4.66
All time high date 2018-06-06 (one year ago)
Since all time high -95.75 %

Performance

24 hours -8.48 %
7 days -7.80 %
14 days -16.64 %
30 days -10.66 %
60 days -45.91 %
1 year -55.07 %

Social

Facebook likes 52
Reddit subscribers 1342
Twitter followers 195

Developer

Stars 5
Forks 13
Merged pull requests 4
Contributors 3