Guugll Search: Mining BBQcoin

BBQ-Coin P2Pool
http://www.guugll.eu:13327

Username: <BBQ-Coin_address>

Password: <random_password>

BBQCoin often abbreviated to BBQ or BQC is a scrypt based blockchain fork of the original bitcoin source code, very similar to litecoin and launched only a short while after Litecoin.

Specs of the coin

Each block generates 42 coins

Difficulty adjustment 2016 blocks

block generated every 1 minute

Will never cease generating coins. “see coin generation schedule”

Block reward halves every 24 million blocks or around every 45 years.

Uses the Scrypt hashing algorithm

RPCPORT=59332

Estimated coin generation schedule

~45 years total generated = ~1,008,000,000 BQC

~91 years total generated = ~1,512,000,000 BQC

~137 years total generated = ~1,764,000,000 BQC

This pattern continues indefinitely. The hard-coded limit of 4.2 billion will theoretically never be reached.

General discussion / history of the coin

It was launched by user Cubox and in his opening statement on the July 15, 2012, 10:27:01 AM

“This new *coin is not made for be traded, sell/buy. It’s just for “fun”. I have spent too much time to share it only with my friends, so i’m saying here his existance The main website will be on bbqco.in (not yet done) We will have an abe explorer too abe.bbqco.in is now opened, thanks to Someguy and D34TH, and if I have time, I will open a PPLNS pool (Merged mining ?)”

However this coin was not seen in positive eyes by some members of the forum (namely Luke-Jr(references needed) and Greedi), so Greedi performed a 51% attack on the chain and stopped people mining coins and rejected blocks from other users.

At the time of writing this I have been unable to see any other malicious work that was carried out during this 51% attack of the coin, but this attack soon meant that people lost interest and faith in BBQcoin.

Then on February 08, 2013, 07:58:05 PM it was announced by user markm that BBQcoin was still ticking along and has been since it started and that now that the attackers have left the alt-currency forum BBQ coin seemed to gain a little support and miners hopped back on in the hope of mining at not such ridiculous difficulties.

Since then user CaptChadd seems to have taken an active role in the BBQcoin community and has produced latest builds of the client for windows and has been promoting the coin, this is very useful as the original developer Cubox seems to have almost abandoned the project and the original source code is not available, though look in the downloads section as figroll, a member of the BBQcoin development team, has forked the original BBQ repository and made it available.

Exchanges

BTER Exchange http://bter.com/trade/bqc_btc

Cryptsy Exchange https://www.cryptsy.com/markets/view/10

Vircurex Exchange Stopped accepting deposits of BQC as of 11 June 2013. Trading will end at the end of June 2013.

There are plans from more exchanges to support BBQcoin in the future…one of note is https://virexa.com/ but this exchange is currently still in testing phase at the moment.