Jump to content

Recommended Posts

 

5960da87597bb_Screenshotfrom2017-07-0809-13-33.png.566cdfec246adb351a02419a933ae33c.png

 

LINKS

 

Website

https://bether.org

 

Twitter

https://twitter.com/betherorg

 

Github

https://github.com/betherproject

 

Wallets

https://bether.org/wallet/#/

 

Why is Bether better?


 

Smart Automated Mining

Mining is determined by a mathematical formula that rewards BTH to all miners in proportion to the amount of ETH they have each sent to the Bether Smart Contract.

 

0% Pre-Mined / 0% Founder's Allocation

Bether is 100% mineable via the Bether Smart Contract. Founders do not receive BTH and there are no bounties. ETH that are received by the Bether Foundation will be managed by the community thanks to a voting mechanism integrated in the smart contract.

 

40x Faster than Bitcoin

By deploying the Bether Smart Contract on the Ethereum Network, BTH transactions are on average 40x faster than Bitcoin transactions.

 

 

How does Bether work?


 

Bether builds on the unique attributes of Bitcoin by using the Ethereum network.

 
21 Million BTH Total Supply

Total number of BTH that will be issued to miners by the Bether Smart Contract.

 
50 BTH initial reward

Mining rewards commence at 50 BTH per block on the Ethereum Network until the next halving.

 
Halved every 210,000 blocks

The reward is halved approximately every 36 days.

 
Smart Automated Mining

Send your ETH and claim your mined BTH after 210,000 blocks.

 
ERC20 Token Standard

Bether is built using the ERC20 Token Standard.

 
In Math We Trust

Bether is based on Math - it is a trustless and decentralized token.

 

 

Smart Automated Mining Explained


What is Smart Automated Mining?

It is an open-source, math-based process defined in the Bether Smart Contract from inception. It does not require hardware or monitoring - a simple ETH transaction triggers automated mining.

How does it work?

The user sends any amount of ETH to the Bether Smart Contract, and in exchange, the contract assigns the user (now a miner) a theorical Hash Rate. The miner's resulting hash rate will be proportional to the amount of ETH sent by him/her relative to the total amount of ETH sent by all miners.

Using the theorical Hash Rate, the Bether Smart Contract allocates the amount of BTH to each miner every time a new block is discovered in the Ethereum Network.

How and when is the Hash Rate calculated?

The Hash Rate formula is: [bth_block_reward] * [eth_miner_amount] / [eth_total_miners_amount].

The Hash Rate is updated instantly when any transaction is received.

What is the BTH reward per block?

The intitial reward is 50 BTH per block and halves every 210,000 blocks - which is approximately every 36 days.

How much BTH will be issued in total?

A total of 21 Million BTH will be issued and assigned to miners over the entire distribution period of 13,440,000 blocks, approximately 6 to 7 years. No more than 21 Million BTH will ever be issued.

How do I claim my BTH rewards?

Rewards are claimable after each halving in the same offset block of the contribution transaction.

To claim your BTH rewards, send a transaction to the Bether Smart Contract Address while calling the claim() function, and you will instantly receive your claimed BTH rewards. The most easy way, is to claim your BTH rewards from the Bether Wallet front-end.

If you do not claim your BTH rewards, they will remain in the Bether Smart Contract until claimed.

Do I need special hardware or skills to become a miner?

No. You just need to send ETH to the Bether Smart Contract.

Is this an Initial Coin Offering?

No. The Bether distribution plan is governed by the Smart Automated Mining process embedded in the Bether Smart Contract. It is open-source and purely math-based.

We recommend that you perform proper due diligence before sending your tokens away, including but not limited to Bether.

Are there bounty rewards?

Since the BTH distribution plan is math-based and defined by the Bether Smart Contract from inception, it does not offer any Translation-, Social- or Marketing-related bounties.

The only bounty available is the Bug Bounty Program, which will be funded by the Bether Foundation.

When does is start?

The Bether Smart Contract has already been deployed in the Ethereum Network. The code is available for review on Github. The release is planned to coincide with the mining of Ethereum block 4,000,000-, which will occur on 9th of July, 2017. Any ETH transactions occuring before then will be returned to the sender (minus network fees).

Is Bether Pre-mined?

No. 100% of Bether tokens will be mined via the Smart Automated Mining code defined from inception by the Bether Smart Contract.

How large is the Founder's Allocation?

There is no Founder's Allocation or reserve of any kind. Bether is 100% mineable and designed to maintain the unique attributes of Bitcoin.

When will it be listed on exchanges?

We cannot confirm an exact date when BTH will be listed, but we are already in discussions with several exchanges.

Who is behind Bether?

Bether was conceived, developed and deployed by a single entity who decided to remain anonymous. Replicating the ideological view of the creator of Bitcoin, that entity isn't involved in Bether any longer.

Today Bether is maintained by the Bether Foundation, that will be consensusly managed by it's members, the community and miners thanks to the voting mechanism integrated in the Bether Smart Contract.

What will happen with all the ETH collected?

All the ETH collected from the Smart Automated Mining will be treated as donations to the Bether Foundation, which is responsible for the future improvement and development of Bether.

Any other questions?

We are available at bether@protonmail.com.

 

5960dbdedc89b_Screenshotfrom2017-07-0809-19-16.png.b887dc5455d9694300aa4b460cacf365.png


Content Curator

I post ANNs and Content on cryptocurrencytalk.com

I'm not the developer, just an blockchain fanatic.  Message me about your latest project!

 

Tip LTC:  LfAEJgnLg7UHXsatwuKxeEZUuk9LahDN8d 

Tip BTC1K4WSffBuMefvJE2mxyggMUvwyoGzP41BT

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • Recently Browsing   0 members

    No registered users viewing this page.

×

Important Information

By using CRYPTOCURRENCYTALK.COM, you agree to our Terms of Use.