[ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN

[bravetheheat]

It's a reasonable coins with masternode and POW, so you can mine or just setup a masternode for rewards.
The masternode return are really high, but cannot really continue such high rewards. I will consider to setup a masternode, the initial coins number are too high.

[duyenwong]

Well I tried mining at masterhash last night for around 2.5 hours, but I didn't see the balance update.  Even now after 12 hour I checked and nothing shows in the wallet page.  Other yiimp pools show almost instantaneous updates of earnings and balance.

There's ~ 1.3 GHash in total mining on Masterhash, the last block was found 4 days ago, what kind "balance update" did you expect to see?

I've never mined at smaller pools, but I was expecting after 2 hours to see something on the pool's site showing my wallet stats.  Maybe it takes 10 hours for something to show up??? I don't know, but I waited 2.5 hours that's as much patience as I have.  At d32th pool I was able to see updated stats every 10-15 minutes, so yeah, I was kind of expecting something like that.  How would I know if I'm getting anything, since I do see the miner spitting out good hash rates, with masterhash slightly better than d32th. I have about 110Mh/s.

[cryptofarmer]

Bulwark pool added to:
www.Mining-Dutch.nl

[wacko]

I've never mined at smaller pools, but I was expecting after 2 hours to see something on the pool's site showing my wallet stats.  Maybe it takes 10 hours for something to show up??? I don't know, but I waited 2.5 hours that's as much patience as I have.  At d32th pool I was able to see updated stats every 10-15 minutes, so yeah, I was kind of expecting something like that.  How would I know if I'm getting anything, since I do see the miner spitting out good hash rates, with masterhash slightly better than d32th. I have about 110Mh/s.

You might want to learn how mining works in general. "Shares" aren't worth anything by themselves, cryptocurrency mining is all about finding blocks. When a block is found, the whole reward for it is shared proportionally between the miners that submitted shares during the round. The pool you've mentioned hasn't found a single block in 4 days. Until any blocks are found, there's no reward to share between the miners (cause no coins were mined). It's kind of "mining 101", so I assumed since you're not a total noob (= "member" account) you would know that. This stuff is pretty straightforward, all the stats are right there, you just click on the "nist5" link and you'll see the total hashrate, number of miners and the last blocks found.

[duyenwong]

I've never mined at smaller pools, but I was expecting after 2 hours to see something on the pool's site showing my wallet stats.  Maybe it takes 10 hours for something to show up??? I don't know, but I waited 2.5 hours that's as much patience as I have.  At d32th pool I was able to see updated stats every 10-15 minutes, so yeah, I was kind of expecting something like that.  How would I know if I'm getting anything, since I do see the miner spitting out good hash rates, with masterhash slightly better than d32th. I have about 110Mh/s.

You might want to learn how mining works in general. "Shares" aren't worth anything by themselves, cryptocurrency mining is all about finding blocks. When a block is found, the whole reward for it is shared proportionally between the miners that submitted shares during the round. The pool you've mentioned hasn't found a single block in 4 days. Until any blocks are found, there's no reward to share between the miners (cause no coins were mined). It's kind of "mining 101", so I assumed since you're not a total noob (= "member" account) you would know that. This stuff is pretty straightforward, all the stats are right there, you just click on the "nist5" link and you'll see the total hashrate, number of miners and the last blocks found.

Actually, I am quite a noob.  I don't mine, except I saw this coin mentioned worth mining, so I'm trying it out.  Thanks for explaining about the shares concept.  I saw it chugging along and thought all was fine.  So far d32th pool seems to be working good for me.  I haven't had time to try out all the other pools someone listed above. 

[Commie]

Nice price drop, just bought remaining coins to set up a second masternode.

[Grae]

Nice price drop, just bought remaining coins to set up a second masternode.

That's some dedication right here. Congrats.

[Eatbatterys]

It's a reasonable coins with masternode and POW, so you can mine or just setup a masternode for rewards.
The masternode return are really high, but cannot really continue such high rewards. I will consider to setup a masternode, the initial coins number are too high.

One thing to keep in mind is that masternode rewards are currently only 20% of the block reward. They will increase monthly to 25%, 33.3%, and then finally 50% at the beginning of month 4.

[RealSwissMiner]

It's a reasonable coins with masternode and POW, so you can mine or just setup a masternode for rewards.
The masternode return are really high, but cannot really continue such high rewards. I will consider to setup a masternode, the initial coins number are too high.

One thing to keep in mind is that masternode rewards are currently only 20% of the block reward. They will increase monthly to 25%, 33.3%, and then finally 50% at the beginning of month 4.

Is there another coin out there with such a PoW model? Masternodes rewards are high and I get the idea why it was done this way - because setting them up will increase the price as people need to buy coins. But there is also the looming danger of a big dump if some people want to abandon their masternodes.

[Commie]

It's a reasonable coins with masternode and POW, so you can mine or just setup a masternode for rewards.
The masternode return are really high, but cannot really continue such high rewards. I will consider to setup a masternode, the initial coins number are too high.

One thing to keep in mind is that masternode rewards are currently only 20% of the block reward. They will increase monthly to 25%, 33.3%, and then finally 50% at the beginning of month 4.

Is there another coin out there with such a PoW model? Masternodes rewards are high and I get the idea why it was done this way - because setting them up will increase the price as people need to buy coins. But there is also the looming danger of a big dump if some people want to abandon their masternodes.

I can't really pinpoint other coins with changing MN reward (is this what you wanted to know?) structule, although I'm sure there are a few. People usually abandon masternodes when/if reward becomes close to 0, if we're talking about mid/long term holders. Look at profits Dash masternodes give now, but people don't even think of abandoning them.

[Commie]

Nice price drop, just bought remaining coins to set up a second masternode.

That's some dedication right here. Congrats.

Knownig the amount of work dev team put in this project I really hope this coin will last long. No guarantees, of course, but that's how I feel about it, so price fluctuations don't really bother me.

[mpos-pools]

IMPORTANT STATEMENT FROM MPOS-POOLS

We have technical issues. All coins are safe, but database was lost.
All mpos-pools users have to send in pm their wallet address
and expexted amount of coins on the pool.

We will collect this information during 72 hours.
After that we will not accept new addresses.

All payments will be proceed in 72 hours

[odinson0008]

how many coins do I need to start the masternode?

[BornOppenheimer]

i still don't see the point of this coin other than dwelling on human greed with masternodes and such. I'm not saying that there is no point, just that i can't see it. Please help me understand. Dash brought us technology and ideology, this coin was forked of fork of dash, just saying

[ctopudoff]

how many coins do I need to start the masternode?

did you  try to read 1 post?

[RealSwissMiner]

It's a reasonable coins with masternode and POW, so you can mine or just setup a masternode for rewards.
The masternode return are really high, but cannot really continue such high rewards. I will consider to setup a masternode, the initial coins number are too high.

One thing to keep in mind is that masternode rewards are currently only 20% of the block reward. They will increase monthly to 25%, 33.3%, and then finally 50% at the beginning of month 4.

Is there another coin out there with such a PoW model? Masternodes rewards are high and I get the idea why it was done this way - because setting them up will increase the price as people need to buy coins. But there is also the looming danger of a big dump if some people want to abandon their masternodes.

I can't really pinpoint other coins with changing MN reward (is this what you wanted to know?) structule, although I'm sure there are a few. People usually abandon masternodes when/if reward becomes close to 0, if we're talking about mid/long term holders. Look at profits Dash masternodes give now, but people don't even think of abandoning them.

Yes, MN reward changes and generally the split between Mining Reward and MN reward. At one point it might not be that relevant for the miners as the reward per block decreased too much.
For sure it will be interesting to see how this evolves

[startsts]

CryptoHub pool for Bulwark  https://cryptohub.online/pools/


VAR DIF:  stratum+tcp://cryptohub.online:4055 -u EMAIL -p x

STAT DIF: stratum+tcp://cryptohub.online:4056 -u EMAIL -p 1    (1 is dif that will be set)


fee 1%, that automatically decreases to 0,5% for a permanent miner

you can set automatic withdrawal on reaching some threshold

you can enable email notifications on worker stopping

recently added second server with SSD

we do database backup 2 times daily

[Eatbatterys]

It's a reasonable coins with masternode and POW, so you can mine or just setup a masternode for rewards.
The masternode return are really high, but cannot really continue such high rewards. I will consider to setup a masternode, the initial coins number are too high.

One thing to keep in mind is that masternode rewards are currently only 20% of the block reward. They will increase monthly to 25%, 33.3%, and then finally 50% at the beginning of month 4.

Is there another coin out there with such a PoW model? Masternodes rewards are high and I get the idea why it was done this way - because setting them up will increase the price as people need to buy coins. But there is also the looming danger of a big dump if some people want to abandon their masternodes.

I can't really pinpoint other coins with changing MN reward (is this what you wanted to know?) structule, although I'm sure there are a few. People usually abandon masternodes when/if reward becomes close to 0, if we're talking about mid/long term holders. Look at profits Dash masternodes give now, but people don't even think of abandoning them.

Yes, MN reward changes and generally the split between Mining Reward and MN reward. At one point it might not be that relevant for the miners as the reward per block decreased too much.
For sure it will be interesting to see how this evolves

The majority of masternode coins come out of the gate at 50% PoW/50% Masternode block reward share. People will rush to get a masternode, then enjoy them until profitability drops and then shut it down, dump the coins, and move on.

We started our masternode share at 20% to assist masternodes remaining profitable as time goes by while increasing them up to 50% over the course of a few months. We believe this will allow for more time for people that aren't whales or don't have farms to be able to accumulate enough to enjoy a masternode.

Additionally, at the beginning of year two the project switches to PoS with See-Saw rewards. What this means is that people that weren't able to accumulate enough for a masternode during the PoW phase will continue to be able to enjoy additional coin accumulation and profitability with the coins that they were able to accumulate during this time frame.

[RealSwissMiner]

If the price of BWK keeps increasing and sustains a double digit % plus the nethash will sky rocket again and with it the difficulty. I keep my small rig mining it and observe how this develops.

[heratys111]

i still don't see the point of this coin other than dwelling on human greed with masternodes and such. I'm not saying that there is no point, just that i can't see it. Please help me understand. Dash brought us technology and ideology, this coin was forked of fork of dash, just saying

I think greed (or looking out for one's "enlightened self-interest" https://en.wikipedia.org/wiki/Enlightened_self-interest -- which isn't the same thing) is going to be a factor with any form of money.

Differences with this coin and DASH include the PoS potential of income generation after one year; DASH, of course, doesn't feature PoS. There is a larger eventual supply of BWK than of DASH (which would tend to lower the price of Bulwark relative to DASH).  Also, the cost of acquiring a masternode with DASH at a cost of $935,000 USD compared to BWK's $21,800, the current or anticipated return-on-investment [ROI], and even the differences in percentage of coins locked -- as can be seen at or hypothesized from (in the case of the anticipated ROI) mnrank.com -- are a significant difference at this moment.

Differences with PIVX include that this is a coin that is currently mineable (as PIVX is entirely PoS/Masternode now) and Bulwark has a smaller eventual supply.

Both DASH and PIVX are more established coins with larger market caps, so it takes more fiat/credit or crypto to push the needle in terms of price on those.

The OP indicated that the devs are looking to implement various things outside the scope of what DASH or PIVX are doing -- so time will tell what will unfold as there are different groups (of devs and users in different proportions) in each coin's network.

So, it's similar in nature to both... but the compositions and specifics of the three networks have differences also.  Obviously too there is the aspect of offering a shot at participating in the early days of the other two coins.