I think this project is quite novel, electronic mining. It's like not having to pay for electricity or keep an eye on it. You can mine while lying down, perfectly realizing passive income. Those who have participated in such projects know that there was a mining gadget on the ETH side chain previously, which was also very popular, but it died as soon as there was selling pressure. This project has a perfect anti-dumping mechanism, it's a complete upgrade.
It's just hours away from launch, let's play around with it. Projects like this are definitely profitable at the beginning. The earlier you start, the more you earn.
Background:
Bitcoin, as the pioneer of decentralized digital currency, achieved currency issuance without a central authority through proof of work (PoW). However, its mining has gradually been monopolized by large enterprises, making it difficult for ordinary users to participate due to high hardware and electricity costs.
BitEqual aims to restore fairness and decentralization in Bitcoin by operating on public blockchains like Ethereum and BNB Chain through a virtual proof of work (vPoW) protocol based on smart contracts, allowing anyone with a wallet to participate in 'mining' without physical equipment.
BitEqual Declaration:
We love Bitcoin, but it no longer belongs to us
It was born from freedom but has been tamed by Wall Street
We can't even afford 1 BTC
We can no longer mine it either
We are left with nothing but looking up and believing
Thus, BitEqual was born!
The same spirit, scarcity, and fairness
But simpler, lighter, and cheaper
No hardware, factories, or validators
Only code, completely on-chain, and everyone is equal
BitEqual revitalizes the Satoshi spirit
Let everyone have free thoughts, wallets, and new beginnings
BitEqual——Making Bitcoin Equal Again
One. Protocol Overview
BitEqual issues new BTE tokens using the vPoW mechanism. Users participate in mining by obtaining virtual mining infrastructure through smart contracts and receive rewards based on their share of total network hash power. The complete system consists of three core components:
· Token Supply and Issuance
· Virtual mining infrastructure
· Reward distribution mechanism
1.1 Token Supply and Issuance
The total supply of BitEqual's BTE token is fixed at 21,000,000. Tokens will be released gradually according to a Bitcoin-inspired geometric halving curve.
Halving Schedule (Explanation):
1.2 Virtual Mining Infrastructure
Virtual Mining Equipment (Rigs):
· Provides fixed virtual hash power (e.g., 100 vHashrate/unit).
· Consumes virtual power (e.g., 1 kW/unit).
· Purchase with BTE, devices never expire.
Virtual Mining Framework (Frames):
· Defines the number of devices a user can support and the maximum power output.
· Upgradeable by paying BTE.
Initialization:
· New users pay a small fee to choose to receive the basic frame and free starter equipment.
· Advantages: No physical hardware required, reducing costs; full on-chain management through smart contracts, simple and transparent operations.
1.3 Reward Distribution Mechanism
In each block, the contract checks each user's total virtual hash rate and calculates rewards proportionally. There is no randomness or competition.
Example: If user A has 100 vHashrate and user B has 400 vHashrate, with a total hash power of 500 and a block reward of 3 BTE, then A receives 0.6 BTE and B receives 2.4 BTE.
1.4 Referral Mechanism
BitEqual integrates a referral system aimed at incentivizing community expansion and fair participation. Referrers can receive continuous rewards, and referred users can also gain ongoing rewards. They benefit directly from discounts and performance enhancements.
Based on user activity, there are three types of referral rewards:
· First purchase of mining frame (paid in BNB)
· Purchase rigs and frames (paid in $BTE)
· Mining Activities (Rewards and Hash Rate Boosts)
First purchase frame referral reward: The first purchase of a frame requires 0.02 BNB.
· Referrers receive a 10% BNB reward: 0.002 BNB
· Referred users enjoy a 10% discount: 0.018 BNB for the first frame purchase
· The protocol library received the remaining: 0.016 BNB
· This is a one-time referral when users purchase a frame for the first time
Rig and frame upgrade referral rewards: Rewards are generated when users spend $BTE to purchase rigs or upgrade frames.
· Referrers will receive a 10% discount on $BTE at the original price
· Referred users enjoy a 10% discount at the original price
· 50% of the original cost will be permanently destroyed
· The remaining portion enters the protocol library
This mechanism creates a deflationary cycle while rewarding both parties.
Mining referral rewards: Each time a referred user mines $BTE, a reward is triggered.
· Referrers receive 5% of $BTE mining rewards
· Referred users receive a 10% hash rate boost on all mining machines
· Users will not receive a hash rate boost if no referral is used. This ensures continuous passive income for referrers and provides clear incentives for long-term retention and user onboarding.
Two. System Deployment
BitEqual itself is not a blockchain. It is a protocol driven by a set of smart contracts. Once deployed, the contracts cannot be altered. No one can change the supply, rules, or reward logic.
2.1 Initial Liquidity Supply
To ensure a fair and stable release, BitEqual will pre-allocate 3% of the total $BTE amount as supply before mining begins.
2.2 Initial Liquidity Guidance
This allocation is merely to guide the initial liquidity on DEX, allowing users to freely buy and sell $BTE from the very first block.
· No tokens are sold to raise funds
· No tokens will be distributed to the team or investors
· No benefits will be provided to any party. All 3% will be deployed to the liquidity pool, paired with BNB, and the resulting LP tokens will be permanently destroyed.
2.3 Why Liquidity Comes First
BitEqual follows a strict 'mining for profit' model, with no presale, no private sales, and no need for external capital injection. However, a common challenge of a zero initial allocation protocol is that users cannot obtain tokens unless they mine first. This can lead to:
· Difficult to guide real transactions
· No price discovery
· Early participation is decentralized
By pre-injecting liquidity:
· Users can earn $BTE from the start, allowing for upgrade and strategy flexibility
· Mining rewards gain immediate value through real market demand. Additionally, on the BNB chain, many projects are vulnerable or manipulated. By providing liquidity and destroying LP tokens through a one-time, unchangeable action during the launch phase, we mitigate risks such as instability in BSC infrastructure.
2.4 Trust and Transparency
To maintain full credibility and transparency:
· 3% of the $BTE allocation will be minted through a single transaction before the release
· These tokens will be paired with BNB in the official liquidity pool
· All LP tokens will be sent to a burn address and verifiably destroyed
· This operation will be announced before mining begins and can be tracked on-chain. No additional tokens will be distributed thereafter. All remaining $BTE supply (97%) will be released through a fixed issuance curve via on-chain mining.
Three. Security and fairness
All mining rewards in BitEqual are calculated using a fixed mathematical formula. The reward distribution result for each block directly depends on the share of virtual hash power. There is no randomness, lottery mechanism, or mining puzzles.
Since rewards are calculated using static values stored in contracts at the block level, there is no opportunity for front-running or block manipulation.
Distributing virtual hash power across multiple wallet addresses does not yield any strategic advantages. All rewards are distributed proportionally, and identity information does not affect reward calculations.
Once deployed, the core smart contracts governing supply, halving, and reward mechanisms will be immutable. This includes:
No management keys, no upgradeable proxy contracts, no external control over launch curves. This ensures the long-term predictability of issuance, with no possibility of protocol-level censorship, aligning closely with the spirit of Bitcoin's trust minimization.
Open source and verifiable. BitEqual contracts are open source and can be audited by anyone. All formulas and state transitions are visible and provable. These design principles collectively ensure that BitEqual offers a truly fair and decentralized mining experience—virtualized, transparent, and accessible to all.
Summary and Opinions
BitEqual creates a fair, decentralized, low-threshold digital currency issuance system through virtual mining infrastructure, fixed supply, and transparent reward distribution mechanisms, reactivating the 'Satoshi spirit'.
No expensive hardware required, users can 'mine' BTE tokens on the public blockchain through smart contracts.
The total token supply is 21 million, utilizing a Bitcoin-style halving mechanism, with rewards transparently distributed according to hash power, ensuring fairness without randomness.
The protocol operates entirely on-chain, with immutable smart contracts, ensuring decentralization and verifiability.
New users can join at a low cost, receive free starter equipment, and gain additional earnings through the referral mechanism.
BitEqual builds an equal opportunity for everyone to participate in 'BTC re-mining', and provides a chance for those who missed the initial BTC opportunity and are afraid of the current BTC price to 'realize their dreams'! Mining projects have early mining bonuses; the earlier you participate, the shorter the payback period and the more profit you earn!
