BNbitcoin is the first pure mined PoW cryptocurrency on the Binance Smart Chain network. It is inspired by the original Bitcoin project of Satoshi Nakamoto, but programmed to be a BEP20 compliant, mineable token through a smart contract running on BSC.
As Bitcoin, it is an open-source project and there is no pre-mine, no airdrop nor ICO: it is transparently distributed through Proof-of-Work mining.
You can obtain BNBTC by mining it and it is also available also on some exchanges.
To start with BNBTC we suggest to install Metamask to create an account (exactly like in the case of an Ethereum account), and add the Binance Smart Chain to your networks portfolio, as described here.
Due to the high mining demand, at the moment solo-mining has become possible only for very specialized hardware: but if you have a good GPU, a mining rig or specific mining hardware, you can join a mining pool developed by Community contributors.
To do this you can now download mining software from the link above and follow the setup guidelines reported below.
Because after the DeFi massive widespread on the Ethereum mainnet, gas fees for transactions have become too high. Combined with the recent ETH high prices, this has a relevant and heavy impact on all the transactions involving all the projects, and particularly if considering mineable tokens: minting new coins and claiming rewards have become too expensive and often unprofitable.
The alternative is offered by BNbitcoin on the Binance Smart Chain: with its low gas fees, fastness and smart-contract execution capabilities, it is the most suitable environment to give rebirth to a tokenized mined project as BNBTC is.
Binance Smart Chain is a Proof-of-Staked-Authority (PoSA) blockchain which enables the creation of smart contracts. Its native currency is BNB, it is EVM-compatible and it creates an ecosystem where validators, token holders, developers, and users all benefit from a rewarding blockchain that offers high performance and ample space for further innovations. It has very low transaction fees and blocks are generated every 3 seconds, making this environment the most suitable for the recent DeFi-revolution applications and for mining BNBTC at low costs.
BNbitcoin smart contract differs only on read-only functions from the project from which it was forked, which has been subject to a Community audit and it did not reveal any relevant issues. Some numerical settings have been modified to better fit to the Binance Smart Chain block time and to restore some parameters as in the original Satoshi Nakamoto's bitcoin, furthermore an additional read-only function to make it compatible with BEP-20 standards and which is necessary for binding with BEP2 token of the Binance Chain has been added.
1. First of all you need a wallet address on BSC: if you own an iOS device, we suggest to use 1INCH DeFi wallet to create one, otherwise use for example Metamask or Trust Wallet to create your own wallet.
2. Update you GPU drivers to the latest version.
3. Download NVIDIA/AMD/Intel GPU BNBTCminer from here.
4. Download and install if not already installed: Microsoft Visual StudioC++ Redist 2019 runtime.
5. Download and install if not already installed: Microsoft DotNet runtime 2.2.8.
6. Unzip the previously downloaded BNBTCminer .zip file.
7. Enter the unzipped folder and edit BNBTCminer.conf file with your wallet address created at point 1. ---> "minerAddress": "0x........................
8. Run BNBTCminer.exe to start pool-mining BNBTC!
21 BNBTC Punks have been minted as NFTs (Non-Fungible Tokens) on the Binance Smart Chain: 1 for every Million of the BNBTC tokens total supply. These rare collectibles are now owned by Community members!
BNbitcoin is a Community-based project, without Companies nor Corporations providing funds for marketing campaigns, advertising and to access big exchanges listings. Voluntary contributions from the Community are welcome and can be sent to the following address on BSC (BNBTC, BUSD, BNB, USDT are accepted). The use of such donations will be described in the BNBTC dedicated Discord channel (#donations-listings-devs) and can be monitored on bscscan.com:
Voluntary contributions from the Community are welcome to support charity initiatives aiming to help people over all the World, and can be sent to the following address on BSC (BNBTC, BUSD, BNB, USDT are accepted).
The use of such donations will be described in the BNBTC dedicated Discord channel (#donations-charity) and can be monitored on bscscan.com: