FAQ - Frequently Asked Questions


#1

Coin Specs

Name: BitcoinZ
Ticker: BTCZ
Algorithm: Equihash
Type: Proof-of-Work (PoW)
No pre-mine, no-ICO, no developer taxes, no chain fork
100% decentralized development & community

Community Stats: As of 02/05/2018

Bitcoin Talk - read 318,533  times
MyBitcoinZ wallet installs (mobile + desktop) - 100,000+
Discord - 1,824
Facebook PGE - 1,012 
Facebook GRP - 1,472
Reddit - 446
Slack - 1,504
Telegram - 1,336
Twitter - 1,914
WhatsApp - 200
Total approximate community: 108,708 (does not account for potential duplicates)

#1 - What is BitcoinZ (BTCZ)?

We are Bitcoin 2.0 and we’re carrying the original vision of fairness and a coin for all. Everyone is equal and every coin is made by the community and for the community. We fight for freedom. This is a community gift to the world.

More information can be found in the Community Paper (Whitepaper):

https://drive.google.com/file/d/19eJ09gwba5Ix9k3Y8Kk7NqdTbnUTFXDj

BitcoinZ is dedicated to The Purest Son of Liberty - Thaddeus Kosciuszko and a tribute to his vision of freedom is enshrined in the genesis block timestamp. Read More

#2 - Why 21B coin supply?

BitcoinZ is a community gift to the world and everyone should be able to own at least one. We are also concerned for the future and a low supply would not be enough to carry on the vision of BitcoinZ as a store of value for many years to come.

#3 - Where is the Roadmap?

This decentralized effort has taken a different shape from traditional cryptocurrency projects. If there was a traditional roadmap, the completion map would appear like: -X–X-XXXXX-XX-XXXXXX. That is, the decentralized nature of BitcoinZ has caused rapid progression.

The direction seems to be that of whatever the community decides, everyone is part of the project and it has to continue with anyone and everyone investing their time to give to the community. Anyone can come forth propose tech for the project and go through the proposal process and then develop, own, and implement it in which the project itself would have its own milestone targets and roadmap.

Everyone’s effort is a milestone. This is not about what can BitcoinZ do for you, but what can you do for BitcoinZ. Create, propose, implement, carry the vision!

#4 - Are you going to be on more exchanges?

Absolutely. The community is working everyday to get listed on as many exchanges as possible. Unfortunately, exchanges take time to list coins and some require more information than others. While most information is available, there are some exchanges that have stricter eligibility criteria - we’re quickly meeting this criteria but it’s still something that requires continued community movement and above all else, time.

#5 - What are current exchanges?

Exchange: https://www.tradesatoshi.com/Exchange?market=BTCZ_BTC
Exchange: https://stocks.exchange/trade/BTCZ/BTC
Exchange: https://c-cex.com/?p=btcz-btc
Exchange: https://btc-alpha.com/exchange/BTCZ_BTC/
Exchange: https://graviex.net/markets/btczbtc
Exchange: https://exrates.me
Exchange: BarterDEX
Exchange: https://trade.cryptobroker.io/markets/btczbtc

#6 - What do you expect the price to be in X time?

We cannot speculate on price. The price is subject to market mechanics.

#7 - Does this coin have airdrops?

No.

#8 - How many coins do I need for a masternode?

BitcoinZ does not have a masternodes system. Based on core principles, BitcoinZ will always be PoW and never PoS or have masternodes payout system.

#9 - What social media / chat platforms is BitcoinZ on?

New Bitcoin Talk: https://bitcointalk.org/index.php?topic=3086664.0
Old Bitcoin Talk: https://bitcointalk.org/index.php?topic=2166510.0

Discord: https://discordapp.com/invite/u3dkbFs

Facebook Page: https://www.facebook.com/BTCZCommunity

Facebook Group: https://www.facebook.com/groups/bitcoinz.community/

Reddit: https://www.reddit.com/r/BTCZCommunity/

Slack: http://slack.bitcoinz.global

Twitter: https://twitter.com/BitcoinZTeam

Telegram: https://t.me/bitcoinzcommunity

WhatsApp (Brazil Community): https://chat.whatsapp.com/LV2frpF0LfPIBEICGRvoWe

#10 - Can I mine with a CPU?

You could probably mine with a CPU but it is not advisable and the difficulty is too high to make it profitable. Graphics Processing Unit (GPU) mining is highly recommended.

There is an extensive guide available here:
http://bitcoinzguiding.ovh/mining.html

#11 - Is there a mining calculator?

Yes.

https://www.crypto-coinz.net/crypto-calculator

https://whattomine.com/coins/207-btcz-equihash (enable Exchange rate and enter current rate, then click calculate)

https://minethecoin.com/coin/bitcoinz

#12 - What mining pools are available?

Pool: https://equipool.1ds.us DONATING 0.8% TO BTCZ PROJECT

Pool: http://equi.mining4.co.uk

Pool: http://btz.pool.sexy

Pool: http://miningpool.io

Pool: http://www.zpool.ca/site/gomining?algo=equihash

Pool: http://www.pcmining.xyz DONATING 0.5% TO BTCZ PROJECT

Pool: https://pool.cryptobroker.io/btcz/

Pool: https://aikapool.com/btcz

Pool: https://minez.zone

Pool: https://bitcoinz.getpool.network/

Pool: https://luckpool.org

Pool: http://pool.miningspeed.com

Pool: https://zsolo.bid/ Solo Mining Pool

Pool: http://www.mineflowpool.pl/ [PL]

Pool: https://multipool.es/ [ES]

Pool: http://btcz.minertopia.org

Pool: http://owlminingclub.com [RU]

Pool: http://eqpool.com

#13 - What does “Bitcoin” compatible mean?

BitcoinZ is a bitcoin compatible cryptocurrency based off bitcoin, which zcash is based off of, and it’s compatible with many things like all the remote procedure calls (RPC) to the coinbase daemon (zcashd) and deterministic wallets. It’s a bit different if you go technical as it has 22 byte addresses instead of 21 bytes.

#14 - I get ‘error: request failed with status code 400’ when trying to send using mybitcoinzwallet.com. Why?

Please make sure the fee is set to 0.0001

#15 - Will the block reward (12,500) ever be decreased?

Yes. There will be a halving in approximately 4 years from the launch date of September 9th 2017. More details are in the Community Paper: https://drive.google.com/file/d/19eJ09gwba5Ix9k3Y8Kk7NqdTbnUTFXDj

#16 - Why can’t I encrypted my ‘wallet.dat’ file? The option to encrypted is not selectable.

BitcoinZ utilizes the zcash core - and encryption is disabled. There are reasons for this further detailed here: https://github.com/zcash/zcash/blob/master/doc/security-warnings.md

#17 - What wallets are available for BitcoinZ?

MyBitcoinZ wallet - Support for OSX, Windows, Android (BTCZ Wallet on Google Play), Linux: https://github.com/anthony19114/mybitcoinz/releases

Swing wallet - Support for Linux, Windows (binary and source):
https://github.com/bitcoinz-pod/bitcoinz-wallet/releases

Command Line wallet - Support for Windows (binary and source): https://github.com/bitcoinz-pod/bitcoinz-win/releases

Command Line wallet - Support for Linux (binary and source): https://github.com/bitcoinz-pod/bitcoinz/releases

Offline z-address generator: Support for Windows (binary and source): https://github.com/bitcoinz-pod/bitcoinz-mini/releases

Offline t-address generator: Support for Windows (binary and source): https://github.com/bitcoinz-pod/zgenerate/releases

#18 - Why do I use bitcoinz? Why is it better than other zcash based coins?

Convenient public accessibility.

#19 - Are there any bounties for this project?

No. One of the founding visions of BitcoinZ is that it is 100% decentralized, no ICO, no premine, no developer taxes, and no bounties. The community can provide donations to support different aspects of the project. We are a community of volunteers.

#20 - Why does my wallet address change when using MyBitcoinZ Wallet?

Because the wallet is what is called an HD wallet, or Hierarchical Deterministic based on BIP32 using 12 word seed phrase. This wallet uses the seed phrase to generate many wallet addresses and their private keys. It helps keep your transactions a little more private due to the constant changing addresses. You can read more here: https://bitcoin.org/en/glossary/hd-protocol

You do not need to change the wallet address on your miners. These new generated addresses are associated with your 12- word seed and will generate with it. Your balance “merges” with other generated addresses in your wallet to make up the total amount.

#21 - My wallet has 0 CONNECTIONS and will not synchronize, how do I fix it?

Please see this post to fix 0 connections issue:
http://bitcoinzguiding.ovh/wallet.html#collapse2

#22 - Why does MyBitcoinZ Wallet not show my funds? I’ve confirmed my funds have been sent to my address.

Go to Settings -> Select YOUR wallet -> More Options -> Addresses -> Scan Addresses for Funds

#23 - I am getting an error “error queueing the blockchain” when trying to send a transaction. Can I still send?

Go to Settings -> BitcoinZ Network Fee Policy -> Super Economy

#24 - If your Windows wallet is stuck at or about 99% do the following:

Before proceeding backup your wallet.dat (in %AppData%\BitcoinZ) file and/or dump your private keys and save them.

Goto your %AppData%\BitcoinZ directory and remove, EXCEPT FOR YOUR WALLET.DAT, the files in the directory. Then re-run your wallet. This will resync the chain.


#2

Wath is with 5 + tbc?