Post by Admin on Jan 6, 2022 21:48:27 GMT
The poolen.io mining pool has shut down and BAD can no longer be mined there. Currently, it can't be mined anywhere, at least as far as I know.
Bad news
see above
Good news
1.
Suddenly the BAD you've already mined is more valuable (theoretically) because it's more scarce. There are no longer thousands of BAD flooding into existence daily. I just fired up my BADcoin core wallet, clicked "Help", then "Debug window", then "Console", and at the prompt at the bottom typed "getblockchaininfo" and pressed enter. (Typing "help" and entering shows ALL the possible commands.) The command getblockchaininfo told me a bunch of things including: "moneysupply": 8791804278.44147696
That's 8,791,804,278 or 8.7 billion BAD have been mined.
The Bitcointalk postBADcoin has a capped max of 21 billion. If I understand correctly, 6 billion were pre-mined and 2 billion are retained by the Bad Crypto Podcast hosts. (Some links at badcoin.boards.net/thread/41/badcoin-past-present-future.
I'm not sure if more currently being solo-mined or not...perhaps we could keep an eye on the "moneysupply" and see. But, the point here is that each BAD you've mined or owned is one of the 8.7 billion.
2.
If you're here, you likely know that BADcoin has a community member (members?) working on a new pool. I think I am speaking for a lot of BAD fans when I say I/we are pulling for you and really appreciate your efforts. There is a community-bounty, offered in BAD, for anyone who makes this happen. See this forum post and scroll to the bottom for the updated bounty total.
Mining in a general sense
While we wait for BAD to resurrect like the phoenix...
I think it might be worthwhile to look at crypto mining in a broader, wider sense. "Mining" is the term bitcoin started. Proof-of-work (POW) mining is really just computers racing to solve a puzzle. Doing so first proves your work and awards you the coins. Then came proof-of-stake (POS) mining where the more crypto you had "in the game", the vested you were, the greater your pull was. There is delegated-proof-of-stake (DPOS) where small-timers could delegate their staked crypto other, bigger or more knowledgeable players. And there's more.
The point here: there are many ways to "mine" coins, cryptocurrencies, or tokens.
I'd offer an invite here to "mine" HBIT.
HBIT is short for hivebits.
I'm a fan of the Hive blockchain. It started as Steemit until Justin Sun tried to take over and the community pushed back. This article reads like a novel...I'm convinced there will be a movie on this one day. To be fair, Sun's view can be heard on the Bad Crypto Podcast's episode 410. Short summary: the then-Steemit community rejected the takeover and started Hive as a decentralized chain with a triple threat of the technical, financial, and social media. The tech is great, you earn from your posts, it is Web3 social media.
Here's a suggestion and challenge to BADcoiners who cannot mine while a new BAD pool is under construction...read this:
peakd.com/hive/@hivebits/introducing-hivebits
It's often good to step back, to look at new things with a new perspective. Sometimes, good things happen.
And my other suggestion...when a new BAD pool arrives:
mine BAD
Bad news
see above
Good news
1.
Suddenly the BAD you've already mined is more valuable (theoretically) because it's more scarce. There are no longer thousands of BAD flooding into existence daily. I just fired up my BADcoin core wallet, clicked "Help", then "Debug window", then "Console", and at the prompt at the bottom typed "getblockchaininfo" and pressed enter. (Typing "help" and entering shows ALL the possible commands.) The command getblockchaininfo told me a bunch of things including: "moneysupply": 8791804278.44147696
That's 8,791,804,278 or 8.7 billion BAD have been mined.
The Bitcointalk postBADcoin has a capped max of 21 billion. If I understand correctly, 6 billion were pre-mined and 2 billion are retained by the Bad Crypto Podcast hosts. (Some links at badcoin.boards.net/thread/41/badcoin-past-present-future.
I'm not sure if more currently being solo-mined or not...perhaps we could keep an eye on the "moneysupply" and see. But, the point here is that each BAD you've mined or owned is one of the 8.7 billion.
2.
If you're here, you likely know that BADcoin has a community member (members?) working on a new pool. I think I am speaking for a lot of BAD fans when I say I/we are pulling for you and really appreciate your efforts. There is a community-bounty, offered in BAD, for anyone who makes this happen. See this forum post and scroll to the bottom for the updated bounty total.
Mining in a general sense
While we wait for BAD to resurrect like the phoenix...
I think it might be worthwhile to look at crypto mining in a broader, wider sense. "Mining" is the term bitcoin started. Proof-of-work (POW) mining is really just computers racing to solve a puzzle. Doing so first proves your work and awards you the coins. Then came proof-of-stake (POS) mining where the more crypto you had "in the game", the vested you were, the greater your pull was. There is delegated-proof-of-stake (DPOS) where small-timers could delegate their staked crypto other, bigger or more knowledgeable players. And there's more.
The point here: there are many ways to "mine" coins, cryptocurrencies, or tokens.
I'd offer an invite here to "mine" HBIT.
HBIT is short for hivebits.
I'm a fan of the Hive blockchain. It started as Steemit until Justin Sun tried to take over and the community pushed back. This article reads like a novel...I'm convinced there will be a movie on this one day. To be fair, Sun's view can be heard on the Bad Crypto Podcast's episode 410. Short summary: the then-Steemit community rejected the takeover and started Hive as a decentralized chain with a triple threat of the technical, financial, and social media. The tech is great, you earn from your posts, it is Web3 social media.
Here's a suggestion and challenge to BADcoiners who cannot mine while a new BAD pool is under construction...read this:
peakd.com/hive/@hivebits/introducing-hivebits
It's often good to step back, to look at new things with a new perspective. Sometimes, good things happen.
And my other suggestion...when a new BAD pool arrives:
mine BAD
