Bitcoin Green Review

in new •  6 months ago

1200x630_v2 3.png

What is Bitcoin Green?
Bitcoin Green is a relatively new proof-of-stake (pos) and masternode coin. Bitcoin Green is an initiative to raise awareness for the massive energy consumption caused by proof-of-work (pow). Bitcoin Green hopes to ease the stress on the environment caused by pow currencies like Bitcoin by providing a cheaper, faster and most importantly, energy-efficient option.

The Bitcoin Green wallet
The Bitcoin Green wallet is easy to use, especially if you have used bitcoin, because the BITG wallet is very similar. You can stake your BITG and help secure the network. Or if you have more BITG you can even set up a masternode.

A cool feature is the bounty program, where users can earn bounty rewards for community related BITG activities, like making a video, writing articles and more. This creates an on going and motivated community.

Some technical information:
Average block time is 1 minute, and the cost of a masternode is 2,500 BITG. Hope to get that much BITG one day :)
With the cost of 1 BITG at ~$0.84. This makes a masternode worth about $2.1k. Currently, a BITG masternode rewards about once per day. So you'll be making about $7 a day, or $210 a month, from 1 BITG masternode.

bitg supply.png

The BITG Whitepaper
The BITG Whitepaper discusses many of the problems with proof of work. Bitcoin Green runs on The Green Protocol, which solves these issues with proof of stake. Bitcoin Green focuses on the fact that it does not require a wasteful, energy-intensive process to produce coins. The numbers are very concerning, and the Bitcoin Green team does an excellent job of presenting the information.

Bitcoin Green funds distribution (from the whitepaper)
image.png

Conclusion about Bitcoin Green
Overall, Bitcoin Green has a great mission and an active and strong team. As more and more people become aware of Bitcoin's energy problems, many will choose an environmentally-friendly alternative like Bitcoin Green. This is a great proof of stake coin to mine with staking or using a masternode. You can find all other resources like the Whitepaper, Wallet Download, and Roadmap on their website:
https://www.savebitcoin.io/
ANN: https://bitcointalk.org/index.php?topic=2827989.0
Reddit: https://www.reddit.com/r/btcgreen/
Twitter: https://twitter.com/btc_green
Discord: https://discord.gg/QaPjqff
Github: https://github.com/bitcoingreen

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

More shitcoins making crypto more shittier


Welcome to Steem @arantuil.

Do read A thumb rule for steemit minnows - 50:100:200:25 for starter tips.

Spend time reading Steem Blue Paper to know how Steem blockchain works and if you still have any queries ask them on our Ask me anything about Steemit post and we will try to answer that.

All the Best!!!


Welcome to Steemit @arantuil!

I wish you much success and hope you find Steemit to be as rewarding and informative as I have.

Here are some links you might find useful.
Your stats on SteemNow
Your stats on SteemWorld
Your stats on SteemD
How does Steemit actually work?

Oh yea, I have upvoted you and followed you. Many blessings!

Hey @arantuil, Welcome to Steemit, Great write up, however I would steer clear of nay altcoin with bitcoin in its name. If you need to learn anything about Steemit or crypto please Follow me and ask any questions anytime, I will always respond!

Welcome to Steem arantuil! Partiko is officially the fastest and most popular mobile app for Steem. Unlike other Steem apps, we take 0% cut of your earnings! You can also be rewarded with Partiko Points while using Partiko and exchange Partiko Points for upvotes!

Partiko for Android can be downloaded here on Google Play and the iOS version is available here on the App Store.

If you have more questions, feel free to join our Discord channel and ask @crypto.talk, we're always here to help!

Thank you so much for your interest!

Congratulations @arantuil! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 500 upvotes. Your next target is to reach 1000 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

i fucking hate anything that needs to piggyback on the bitcoin name

·

the project itself is more important then the name.

·
·

to me personally if a project feels they need the bitcoin name to get people interested it makes me question the validity of the project

·
·
·

time will tell

·

'Piggybacking,' is how innovations come to the forecourt (I think). People love better services, better conditions, better motivators. This actually shortchanges 'best' as better has to become better.

·
·

piggybacking is taking an idea making it your own and running with it, not copying or relying on someone else's name for notoriety imho

Congratulations @arantuil!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:

  • Upvotes - Ranked 8 with 504 upvotes

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, consider to vote for my witness!