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  1. 1. 官方网址:http://bying.io/ 2. 团队信息 团队所在地:深圳/香港 服务器:AWS/阿里云 服务器类型:云端 3. 主要成员信息列表 主要成员名单: 廖伟 石江龙 主要成员简介: 廖伟: Bying钱包创始人,中山大学计算机工学硕士,被称为中国以太坊的智能坊创始人之一,是中国最早的区块链技术团队之一。区块链技术资深开发者,多年的数字加密货币及区块链领域研究,参与并指导多个区块链项目开发。 石江龙: Bying联合创始人,连续创业者,多年金融科技经验,资深区块链行业从业者,对金融支付、区块链有独到的理解。 4. 组织/公司概况 香港百应成立于2017年下半年,公司主营Bying多币种钱包产品,并于2017年底产品正式上线,现数万用户。是一款功能强大的数字资产钱包,支持各种主链、代币和糖果的资产管理,进行转账收款等,同时还会接入各种硬件终端,如手表钱包、硬件钱包和数字资产取款机等,另外还提供资讯服务和各种应用。 5. 投票地址及计划 投票节点竞选地址:待定 未来一年社区支持计划: A. 在巴比特论坛,Twitter,金色财经,区块链社区等建立属于Bying的社区平台,共享Bying钱包的项目运行进度和活动等信息。为Bying钱包扩展海外市场打下一定的基础,增加国际影响力和知名度。 B. 线下举行区块链技术峰会,邀约行业技术大咖分享冷热钱包最新技术 C. 支持更多具有价值的数字货币在Bying钱包上储存与映射 6. 社区概况 已有社区概况: A. 微信群:共1个,覆盖约500人 B. QQ群:共两个,覆盖约2000人 C. 微博:@Bying,粉丝数10144
  2. Lightning Bitcoin What is Lightning Bitcoin Lightning Bitcoin is a fork of the Bitcoin blockchain. By adopting DPoS consensus mechanism with 2M blocksize, Lightning Bitcoin improves transaction speed, promotes decentralisation and also supports smart contracts. Lightning Bitcoin combines the advantages of Bitcoin and Ethereum and creates a more valuable and functional blockchain system. How to claim LBTC The original bitcoin holders can claim LBTC at a 1:1 ratio if you held BTC in the wallet or the supporting exchanges at Bitcoin block 499,999 (Dec. 18th, 2017). Please only use links provided from the official resources! Why does LBTC use DPoS instead of PoW LBTC employs the DPoS Consensus Mechanism, which implements technological democracies to offset the negative effects of centralisation problems posed by the PoW algorithm. As a result, true decentralisation can be achieved with the voting right in the hands of the token holders, which ensures to maximise shareholder profitability and the network effect, minimise the costs of maintaining cybersecurity and the cost of operating the network. Significantly reduced the number of participating verification nodes, LBTC can reach the consensus in seconds, and the transaction speed is really FAST as lightning. Features 3 sec block interval| adjusting block size | forging with CPU | up to 24 million transactions per day Advantages Community Autonomous Rapidity Fair Distribution Smart Contracts & DApp IoV Protocol Internet of Value Roadmap Roadmap How to forge LBTC How to forge (mine) LBTC? First, one need to download the wallet and register as delegate. One address can register as one delegate. Then you can vote for yourself or ask others to vote for you. The number of votes is the number of LBTC held by the voting address. The top 101 addresses that get the highest number of votes can be regarded as bookkeeping nodes. The ranking and votes can be seen in the block explorer. The previous steps can be completed through the light wallet our the full node wallet, but if you’re elected as a bookkeeping node, you need to run the forging process in the full node wallet. The detailed tutorial can be found in LBTC website. Official Websites http://lightningbitcoin.io/ http://lbtc.io/ Wallets Light Wallet (Windows 64x) Full Node Wallet (Linux 64x) For downloading please go to the official website above. Explorer CoinmarketCap Social Media Twitter Telegram News Channel Telegram Chats: Eng ,Rus, 中 Chinese community LBTC Fans Bitcointalk English ANN Russian ANN Chinese ANN Contact Support support@lightningbitcoin.io Cooperation icey@lightningbitcoin.io
  3. Taurus

    Hello everybody!

    I’m from LBTC’s technical team. You can discuss any opinion about dev with us here
  4. MAKE BITCOIN FAST AS LIGHTNING Official Website http://lightningbitcoin.io/ http://lbtc.io/ Wallet Light Wallet (Windows 64x) Full Node Wallet (Linux 64x) Bying Cobo KCash Bitpie Hyperpay Download please go to the official website above. Explorer http://explorer.lbtc.io/ Social Media Twitter https://twitter.com/LightningBTC Telegram (News Channel) https://t.me/LightningBTC_news Telegram (English) https://t.me/LightningBTC Telegram (Russian) https://t.me/Lightning_Bitcoin_LBTC Telegram (Chinese) https://t.me/LightningBTC_CN LBTC Fans (Chinese) http://lbtcfans.com/ Medium https://medium.com/lightning-bitcoin-blog LBTC Forum http://chat.lbtc.io Bitcointalk English ANN https://bitcointalk.org/index.php?topic=2908497 Rusian ANN https://bitcointalk.org/index.php?topic=2908692 Chinese ANN https://bitcointalk.org/index.php?topic=2908478 Spanish ANN https://bitcointalk.org/index.php?topic=3171267 Contact Support support@lightningbitcoin.io Cooperation icey@lightningbitcoin.io What is Lightning Bitcoin Lightning Bitcoin is a fork of the Bitcoin blockchain. By adopting DPoS consensus mechanism with 2M blocksize, Lightning Bitcoin improves transaction speed, promotes decentralization and also supports smart contracts. Lightning Bitcoin combines the advantages of Bitcoin and Ethereum and creates a more valuable and functional blockchain system. The ticker of Lightning Bitcoin is LBTC. How to claim LBTC The original bitcoin holders can claim LBTC at a 1:1 ratio if you held BTC in the wallet or the supporting exchanges at Bitcoin block 499,999 (Dec. 18th, 2017). Please only use links provided by this post, website, twitter or official telegram. Why does LBTC use DPoS instead of PoW LBTC employs the DPoS Consensus Mechanism, which implements technological democracies to offset the negative effects of centralization problems posed by the PoW algorithm. As a result, true decentralization can be achieved with the voting right in the hands of the token holders, which ensures to maximize shareholder profitability and the network effect, minimize the costs of maintaining cybersecurity and the cost of operating the network. Significantly reduced the number of participating verification nodes, LBTC can reach the consensus in seconds, and the transaction speed is really FAST as lightning. Features Advantages IoV Protocol Roadmap How to forge LBTC First, one need to download the wallet and register as delegate. One address can register as one delegate. Then you can vote for yourself or ask others to vote for you. The number of votes is the number of LBTC held by the voting address. The top 101 addresses that get the highest number of votes can be regarded as bookkeeping nodes. The ranking and votes can be seen in the block explorer. The previous steps can be completed through the light wallet our the full node wallet, but if you're elected as a bookkeeping node, you need to run the forging process in the full node wallet. The detailed tutorial can be found in LBTC website. Supporting Exchanges DigiFinex.com BtcTrade.im CoinEgg.im AEX.com Firefoxotc.com ZB.com LBTC future EXXVIP.com YoBit.net KKEX.com BCEX.ca FAQ 1. LBTC ticker. Lightning Bitcoin ticker is LBTC. You are right if you noticed that some coins have similar ticker or differ only by one letter. Litebitcoin (LBTC, LBTCX) and Bitcoin Lightning (BLT) are coins that are not related to Lightning Bitcoin. Please be careful and check the spelling before any manipulation with cryptocurrencies. 2. How to claim LBTC? How does this airdrop of LBTC work? The original bitcoin holders can claim LBTC at a 1:1 ratio if you held BTC in the wallet or the supporting exchanges at Bitcoin block 499,999. You can find the official wallet and the tutorial on our website. 3. Why price is so different in different exchanges? Some of the exchanges haven't install LBTC wallet yet. This situation should be solved in March. 4. Are there any bounty systems, how can I contribute? Yes! Anyone can contribute by writing articles, setting up promoting groups, or coding. The detailed rules will be posted on Medium in weeks. 5. 3sec + 2MB means the blockchain increases by 40MB/min and 57GB/day? The actual blocksize depends on the transactions during this 3 seconds, and normally it's less than 1KB at the beginning, so 57GB per day is a hypothetical growth with maximum loading. 6. Does LBTC has premine? How do you get the money to work things out? There is no premine, but Lightning Team will build a security node to make sure the network works at earlier stage. The addresses that have no transactions or only inflows less than 1BTC accumulated since Jan 31th 2013 are defined as inactive addresses. We took LBTC from inactive addresses for ecological construction, such as algorithmic research, smart contracts and DApps development, community rewards and global promotion.The wallet will be managed by LBTC foundation. We reserve the rights of these inactive addresses to claim their LBTC back. 7. Are LBTC and Lightning Network related? What's the difference? Lightning Bitcoin is a hard fork of Bitcoin; Lighting Network is an off-chain protocol built on Bitcoin. It is important to underline that these projects are not related to each other. The only thing that Lightning Bitcoin and Lightning Network have in common is the desire to propose solutions to the Bitcoin scalability problem and the word “lightning” . 8. Is LBTC open source? Currently, the Light Wallet is open source: https://github.com/lbtcio. The rest of codes will be open source once the mainnet is stable. The LBTC open source press conference will be held in Shanghai on June 21st, 2018. More information will be shared on our social media channels. 9. How to get the LBTC back if they were sent to a segwit address by mistake? LBTC mainnet doesn't support segwit! If a LBTC was sent to a segwit address, it will be lost forever. Therefore, NEVER SEND YOUR LBTC TO A SEGWIT ADDRESS!
  5. Return...

    FAQ

    LBTC tickerLightning Bitcoin ticker is LBTC. You are right if you noticed that some coins have similar ticker or differ only by one letter. Litebitcoin (LBTC, LBTCX) and Bitcoin Lightning (BLT) are coins that are not related to Lightning Bitcoin. Please be careful and check the spelling before any manipulation with cryptocurrencies. When LBTC fork happen? Lightning Bitcoin fork took place at the block 499,999 (Dec 18th). Are LBTC and Lightning Network related? What’s the difference? Lightning Bitcoin is a hard fork of Bitcoin; Lighting Network is an off-chain protocol built on Bitcoin. It is important to underline that these projects are not related to each other. The only thing that Lightning Bitcoin and Lightning Network have in common is the desire to propose solutions to the Bitcoin scalability problem and the word “lightning” :). How to claim LBTC? How does this airdrop of LBTC work? The original bitcoin holders can claim LBTC at a 1:1 ratio if you held BTC in the wallet or the supporting exchanges at Bitcoin block 499,999. You can find the official wallet and the tutorial on our website. Where can I buy LBTC? LBTC has been listed in 9 exchanges by now: ZB.com, EXX.com, CoinEgg.com, BtcTrade.im, YoBit.net, KKEX.com, AEX.com, BCEX.ca, shuzibi.com Why price is so different in different exchanges? Some of the exchanges haven’t install LBTC wallet yet. This situation should be solved in March. How to mine/forge/become a bookkeeping node? First you need to download the wallet and register as delegate. One address can register as one delegate. Then you can vote for yourself or ask others to vote for you. The number of votes is the number of LBTC held by the voting address. The top 101 addresses that get the highest number of votes can be regarded as bookkeeping nodes. The ranking and votes can be seen in the block explorer. Will it be open source? Currently, the Light Wallet is open source: https://github.com/lbtcio. The rest of codes will be open source once the mainnet is stable. The LBTC open source press conference will be held in Shanghai on June 21st, 2018. More information will be shared on our social media channels. What are the Lightning Bitcoin wallets? ①Full-node wallet can be downloaded from the website; ②Download light wallets on the website; ③bying wallet; ④Cobo Wallet;⑤Bitpie Wallet;⑥HyperPay;⑦Coldlar How to get the LBTC back if they were sent to a segwit address by mistake? LBTC mainnet doesn't support segwit! If a LBTC was sent to a segwit address, it will be lost forever. Therefore, NEVER SEND YOUR LBTC TO A SEGWIT ADDRESS! How to get information on Lightning Bitcoin? Wechat Public Number: LightningBTC; Official website: LBTC.io / LightningBitcoin.io Telegram (News Channel): https://t.me/LightningBTC_news Telegram (English): https://t.me/LightningBTC Telegram (Russian): https: //t.me/Lightning_Bitcoin_LBTC Telegram (Chinese): https://t.me/LightningBTC_CN LBTC Fans (Chinese): http://lbtcfans.com/ Medium :https://medium.com/ lightning-bitcoin-blog E-mail: support@lightningbitcoin.io
  6. Return...

    【Weekly】LBTC weekly report

    Technical Improvement Full node wallet development progress Launched Lightning Bitcoin testnet. Light wallet development progress Released v0.0.6 1. Added nginx load balance feature for lbtc light wallet server, to enhance user experience. 2. Added Chinese and Russian lauguage support in light wallet GUI. 3. Do not refresh table if no delegate selected when user click "StoreDelegates". 4. Added new light wallet server wallet-cn.lbtc.io/wallet-hk.lbtc.io and set them as the default server. 5. Changed default base unit to LBTC in wallet preference. 6. Removed "Zero after decimal point" and "Video Device" in Appearance. 7. Removed "Use multiple change addresses" and "Coin selection". 8. Removed "Sweep" menu in Wallet->Private keys menu. 9. Removed "Invoices" menu item in Wallet. 10. Removed "Plot" menu item in Wallet->History menu. 11. Removed "From QR code" menu item in Tools->Load transaction menu. 12. Fixed wallet crash when use "Pay to many" to pay to multiple address and click "Preview". Blockchain explorer development progress Preparing for update. Announcements LBTC wallet update LBTC light wallet latest version: v0.0.6. The new version optimized operating experience, and added Chinese and Russian language options. Please download the latest version on official website. Scamming alert Recently several fake twitter accounts has been reported. @LighbtningBTC @LightnincgBTC @LbtcLightning Please note the difference between the real official Twitter @LightningBTC and the fake one. Beware of being deceived. If you find more scammers, please help us report them and contact us directly. Thanks for your support to build a better LBTC community. Official twitter: @LightningBTC Community Progress Mobile wallet was launched The LBTC community has launched a mobile wallet that supports Android and IOS system, including transfer and voting functions. Bying official website: http://bying.io/ Scan the QR code to download wallet: New official block explorer is on the way LBTC explorer v2.0 is going to be launched. LBTC explorer v2.0 makes adjustments to the layout and UI of the website, also adds new query function, which results in a better visual and operational experience. It is currently under developing and will be launched next week. Community is going to launch new explorer LBTC community's new explorer is also on the way. New version will have more functions and the interface will be simpler and clearer, so stay tuned. LBTC Community Activity WeLian invited Jack Zhang to give a lesson April 10, Jack Zhang, on behalf of LBTC, was invited by WeLian to give the lesson “What should we pay attention to in cryptocurrency investment” as a part of “Blockchain first-tier actual combat courses”, which is a launched by WeLian. WeLian is a social app focused on blockchain entrepreneurship. All of the entrepreneurs, investors, mediapractitioners can set up their own social networks on WeLian. The syllabus includes: The threshold of investing cryptocurrency Project valuation model of ChainFunder Three key to investing in cryptocurrency Jack Zhang was invited to share with iterduo April 11th, Jack Zhang, on behalf of LBTC, shared his thoughts in the community of iterduo.com. The theme of the sharing session was: “Don’t let your past limit your imagination in blockchain investment.” He mainly describesd his experiences in blockchain investment and the outlook for the future. Iterduo.com is a vertical media that focuses on intelligent hardware, artificial intelligence and technological innovation. They report news of blockchain, provide experiential evaluation articles of trendy technology and profile interview, serving thousands of professionals and enthusiasts of intelligent hardware. At present, Beijing office and Wuhan office have been built. He mentioned several points in the sharing, such as "the advice of well-meaning person is useless", "don't let the past cognition limit your imagination," "the most important thing in the bear market is the mentality" and so on. LBTC was introduced in detail and Jack invited all members to witness the birth of this killer application. Many questions were answered by Jack, including "the view of the bear market", "the most promising projects in the next two years", and the "suggestion for the novice of blockchain". Over 10,000+ listeners has joined this sharing. See whole article here: http://mp.weixin.qq.com/s/QcXBgp-PES5O4Pc-xyt9Fg
  7. Badgirl

    Lightning Bitcoin Network is back

    Lightning Bitcoin Network has been re-launched back! The issue is fixed, new full node and light wallet upgrades are released. Download wallet upgrade version on the official website lbtc.io v0.0.5 light wallet v1.1.0 full node wallet Full node wallet upgrade steps: #stop forging ./bitcoin-cli stopforging 2. #stop bitcoind ./bitcoin-cli stop 3. #copy wallet cp ~/.bitcoin/wallet.dat ./ 4. #download new program http://downloadwallet.lbtc.io/index.php/s/fOgwzsjqzEkrSaF/download 5. #start bitcoind ./bitcoind -txindex 6. #import privkey ./bitcoin-cli importprivkey yourprivkey “” true 7. #start forging ./bitcoin-cli startforging yourprivkey Forking block height is at 1334360 Block hash: b32f45cff9c7f726410e7e9139f6fd305c7fab6900268f10ffab766c46eb4e6b Mainnet optimizations: 1. optimize lbtc full node wallet start process, make new wallet start faster 2. resolve lbtc full node error record about voter 3. remove tx_index option when start lbtc full node wallet, make lbtc full node start in tx_index mode directly 4.add chinese lauguage support in light wallet GUI For the good of Lightning Bitcoin users, the LBTC team took the issue seriously — test were executed thoroughly and evaluated strictly. We really appreciate LBTC community’ patience and support during this period. It’s your considerations and support that helped us to evolve from day to day. Let’s witness Lightning Bitcoin’s new journey together!
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    Community Progress

    LBTC featured on NASDAQ billboard in the middle of New York’s Times Square March 16th, LBTC’s propaganda video landed on “the world’s first screen” NASDAQ billboard in New York’s Time Square, sharing LBTC’s resolution with the world! Thousands of people witnessed LBTC showing the world that we are the first DPoS fork in the history. A new Bitcoin experiment is in progress. According to statistics, at least 476 foreign media and websites reported LBTC, including Financial Content, Silicon Investor, The Post & Mail, The Evening Leader, Wallstreet Select,The Atlantic Report, Daily Herald, NewsOk. With more people of extraordinary ability joining in , LBTC is able to develop more fluently, and LBTC’s global influence is expected to further improve.
  9. Приглашаем вас 29 марта на встречу с шанхайским инвестиционным блокчейн фондом ChainFunder и командой хард-форка Lightning Bitcoin [LBTC]. В первой части мероприятия со-основатель фонда ChainFunder Крис Чен расскажет о специфике блокчейн рынка в Китае. Поделится тонкостями инвестирования в ICO проекты в Китае, а также секретами и стратегиями выхода на китайский рынок. Продолжит мероприятие Джек Джан (点付大头) — лидер китайского комьюнити хард-форка LightningBitcoin. Джек расскажет об особенностях Lightning Bitcoin, использовании DPoS консенсуса, раскроет план на дальнейшее развитие сети, который включает себя подключение возможности создания смарт-контрактов и DApps. По итогам встречи пройдет networking-сессия, где участники смогут предложить сотрудничество и обменяться контактами. Встреча состоится 29 марта (четверг) на площадке Deworkacy Красный октябрь (Берсеневская набережная, 6, стр. 3, 6 этаж) в большом лектории. Начало в 19:00. Обязательна регистрация на мероприятие. На мероприятие мы приглашаем разработчиков, предпринимателей и представителей фондов. Будет отличная возможность лично познакомиться с представителями ChainFunder и LightningBTC. ChainFunder — шанхайский инвестиционный фонд, инвестирующий в блокчейн проекты на ранней стадии, фонд также предоставляет услуги акселератора и сопровождения проектов на китайском рынке. * на мероприятии будет синхронный перевод.
  10. Badgirl

    [Weekly report] March 26th

    Milestones Lightning Bitcoin featured on NASDAQ billboard in the middle of New York’s Times Square! Technical Improvement Full node Improved voting mechanism. Light wallet Improved light wallet’s UX. Added function of storing the information of the commonly used delegates so that users can vote for them directly. Blockchain explorer Improved explorer’s UX, added funtion. Added function of information inquiry of the forging node. Testing get transaction information by address. Modified data display problem. LBTC Announcement Community launched block explorer LBTC community launched new block explorer to achieve more functions. We welcome LBTC enthusiasts join our development and operation, there are so much staff to do! LBTC-pool.io Explorer Edit descriptionexplorer.lbtc-pool.io Community Progress LBTC featured on NASDAQ billboard in the middle of New York’s Times Square March 16th, LBTC’s propaganda video landed on “the world’s first screen” NASDAQ billboard in New York’s Time Square, sharing LBTC’s resolution with the world! Thousands of people witnessed LBTC showing the world that we are the first DPoS fork in the history. A new Bitcoin experiment is in progress. According to statistics, at least 476 foreign media and websites reported LBTC, including Financial Content, Silicon Investor, The Post & Mail, The Evening Leader, Wallstreet Select,The Atlantic Report, Daily Herald, NewsOk. With more people of extraordinary ability joining in , LBTC is able to develop more fluently, and LBTC’s global influence is expected to further improve. Jack Zhang opened the Twitter account Jack Zhang opened his Twitter account. Welcome to follow our great Lightning Bitcoin inspirator! Twitter interaction is increasing With the raise of popularity, the number of LBTC twitter followers has increased significantly this week, with 450 fans/day on average. Thanks for suggesting us! Spanish Announcement has posted on Bitcointalk At present, we’ve posted four languages of announcement on Bitcointalk. Welcome to leave messages: English ANN Russian ANN Chinese ANN Spanish ANN LBTC Community Interview by Walian March 16th, Jack Zhang was interviewed by Walian on behalf of LBTC. He introduced the characteristics of LBTC, and shared his blockchain investment strategy. “There are many forks now, but how to determine whether a fork has value? First we need to see if it can solve some problem of Bitcoin, or at least try to. It’s more meaningful if they are in line with this point. Due to Bitcoin network congestion, the transaction fees are so high, and the time of arrival is slow, even compared with the traditional payment system such as SWIFT. LBTC has solved these two problems. LBTC uses the DPoS mechanism, thus supports 1,000/tps now, and our goal is to achieve 1,000,000/tps in the future, so it can be used by merchants and customers.” As for investments, I think the first is to invest in valuable projects, second, to invest for the long term. My suggestion to new investors is to invest a little more and a little less. A little more means to invest for a wide range, including technology here and abroad; a little less is to invest every project in a little amount before your own investment logic forms. One can take out 10% of their own mobile assets to try on. Read the article here Jack Zhang made a bet with Kuangren March 19th, Jack Zhang wrote a decleration in his WeChat timeline, which refers to the industry’s well-known market analysis of the self media: Cryptocurrency Trend Kuangren (Maniac). Kuangren published an article at March 18 saying that all Bitcoin forks will turn to zero eventually, and delisted out the drop range. “Most of the altcoins make you lose 60%~80% of assets, and the forks will make this process much sooner.” Unsurprisingly, LBTC is on his list. After seeing the article, Jack wrote a decleration in his WeChat timeline: “if LBTC really returns to zero, and be delisted by exchanges, I’ll give Kuangren 1,000 Bitcoin.” He showed the confidence of LBTC. Read more Interview with Darpal March 20th, Jack gave an interview to Darpal, the founder of the famous blockchain media “Darpal Rating”. The interview covered following topics: Introduction of LBTC team. Is there any breakthrough to solve Bitcoin’s problems? Do LBTC has pre-mine and how much? What do you think about “code hegemony” and “mining hegemony”? Is there a relationship between the core and the company holding the patent right of the Lightning Network? Suppose that in the end lightning network is popularized, will the entire Bitcoin network be completely held by the core? What do you think about Bitmain and Jihan Wu? Why does LBTC use DPoS? Will LBTC adopt smart contract? Besides, he also shared the view of the industry and the prediction of the trend. Here’s the article and the interview video Interview with JGY Interview topic: The dream keeps running, I keep chasing. In the interview, Jack talked about Bitcoin’s past, present and future, can LBTC replace Bitcoin, problems exist in exchanges, how to promote LBTC community. read the article Live broadcast on BiBiNews March 22th, The topic: The Buddhaish investment life of tycoon who got thousand-times return. Jack talked about his investment philosophy, and answered problems from audiences, such as LBTC, different kinds of consensus mechanism, the view of domestic and foreign projects, market analysis, industry celebrities, etc. More than 2.4million audiences have attented. Watch the playback Here is all the news!
  11. Founder of Loopring Foundation Daniel Wang shared in his blog clear instruction on how to forge Lightning Bitcoin Original link: How to Run Lighting BTC Node and Start Mining I invested 50 BTC into Lighting BTC (LBTC), so during the weekend I tried to mine LBTC for fun.medium.com I invested 50 BTC into Lighting BTC (LBTC), so during the weekend I tried to mine LBTC for fun. Install and Run 1. Start an EC2 Server Without prior knowledge, I chose a x1e.4xlarge instance and added 400G SSD storage. 2. Secure My Server I need to setup the firewall to secure my server. sudo ufw allow ssh sudo ufw allow 8333 sudo ufw default deny incoming sudo ufw default allow outgoing sudo ufw enable [edited]: Lighting network use 9333 instead of 8333. sudo ufw allow 9333 3. Install LightingBTC software Ligiting BTC node is being actively developed, and the documentation is really incomplete. I decided to go with bitcoin-unlimited and then replace the binaries with those downloaded on lbtc.io. sudo apt-get install software-properties-common sudo add-apt-repository ppa:bitcoin-unlimited/bu-ppa sudo apt-get update sudo apt-get install -y bitcoind Then I installed libraries required by LBTC, just in case they are not required by bitcoin-unlimited. sudo apt-get install -y libzmq5 libevent-dev libboost-chrono-dev libboost-filesystem-dev libboost-program-options-dev libboost-dev libboost-all-dev You can download bitcoind and bitcoin-cli from lbtc.io. I found there is no directly URL to download, so I downloaded them manually and put it into my own github repository. You should ALWAYS download the software from lbtc.io. wget https://github.com/dong77/lbtcnode/raw/master/bitcoind wget https://github.com/dong77/lbtcnode/raw/master/bitcoin-cli chmod +x bitcoind bitcoin-cli sudo mv bitcoind /usr/bin sudo mv bitcoin-cli /usr/bin 4. Config Swap Space Running a full bitcoin node uses a little over 1GB of memory, and I don’t know how much memory it needs to run a Lighting BTC node. The node I created has 16GB, but in case the one you run has less memory, I’ll make some spare “virtual memory” using swap space. sudo fallocate -l 1g /swap1.swap sudo chmod 0600 /swap1.swap sudo mkswap /swap1.swap sudo swapon /swap1.swap sudo vi /etc/fstab Add this line at the end of the file: /swap1.swap none swap sw 0 0 5. Add a User I’ll make a bitcoin user account and give it the ability to use “sudo” so you can do some system administration from the bitcoin user if you want to. sudo adduser --system --group --shell /bin/bash bitcoin sudo usermod -a -G sudo bitcoin 6. Set up log rotation for your bitcoin logs. This will ensure that your logs don’t grow too big and use up all your disk space. sudo vi /etc/logrotate.d/bitcoin-debug Enter into it: /home/bitcoin/.bitcoin/debug.log { rotate 5 copytruncate daily missingok notifempty compress delaycompress sharedscripts } 7. Configure Bitcoind sudo mkdir /home/bitcoin/.bitcoin sudo vi /home/bitcoin/.bitcoin/bitcoin.conf And paste the following as content: server=1 daemon=1 rpcuser=bitcoin rpcpassword=ANY_PASSWORD_WILL_DO Then copy the file so that I can use bitcoin-cli as the default “ubuntu” user. sudo mkdir .bitcoin sudo cp /home/bitcoin/.bitcoin/bitcoin.conf .bitcoin/ 8. Set Up a Systemd Service Set up the bitcoin daemon to auto-run: sudo vi /etc/systemd/system/multi-user.target.wants/bitcoind.service Enter into it: [Unit] Description=Bitcoin Server After=network.target After=syslog.target [Install] WantedBy=multi-user.target Alias=bitcoind.service [Service] User=bitcoin Group=bitcoin Type=forking # Start main service ExecStart=/usr/bin/bitcoind --daemon ExecStop=/usr/bin/bitcoin-cli stop Restart=always PrivateTmp=false Reboot the server: sudo reboot Now bitcoind should have been started automatically; or you can reload systemd and start bitcoind manually: sudo systemctl restart bitcoind sudo systemctl status bitcoind If you want to stop bitcoind, use this command: sudo systemctl stop bitcoind Start to Mine LBTC First I need an address: sudo bitcoin-cli getnewaddress sudo bitcoin-cli dumpprivkey 1L3ur9z8AydjnKdE8fXmpRTi3wtxcWJ2eJ I need to backup the private key printed by this command. sudo bitcoin-cli register 1L3ur9z8AydjnKdE8fXmpRTi3wtxcWJ2eJ loopring Apparently I need some LBTC to register as a miner, so I asked someone for 5 LRC. Then run the registration command again, it succeeded. Now I’m ready to mine. sudo bitcoin-cli startforging 1L3ur9z8AydjnKdE8fXmpRTi3wtxcWJ2eJ Future Work I need to ask other LBTC miners to vote for me, and I may have to vote back so we can form a partnership. References https://keepingstock.net/how-to-create-a-bitcoin-unlimited-full-node-on-a-hosted-server-5bc858a614e3 http://lbtc.io/download/Full%20Node%20Wallet%20Installation%20Guide.pdf
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