https://y.at//🦇💎⛓
https://y.at//🦇💎⛓
Share Dialog
Share Dialog
Subscribe to derek
Subscribe to derek
“Bells” or $BEL, a revived cryptocurrency, debuted on the bitcointalk.org forum in November 28th, 2013 by user “billym2k” (@BillyM2k). Drawing inspiration from the “Animal Crossing” in-game currency “Bells” and was created only a week prior to the “brother coin” $DOGE (December 6th, 2013). $BEL utilizes the Scrypt algorithm for mining and introduces a unique twist by offering random block rewards, “echoing” the in-game mechanic where players collect various items for Bells. In this crypto variant of the currency, mining replaces the in-game activities, but the randomness of rewards remains, adding an engaging aspect to the mining process.
*Remember, this is NOT the original $BEL chain from 2013*
M2k:
“In the Animal Crossing universe, Bells are the primary form of currency. To gather them, you must collect fruits, catch bugs, fish, dig for fossils, etc. and trade those items for Bells. In the crypto world, we just mine for them!”
“The Bell amount you get from the various items is quite random, so Bells as a cryptocurrency has random rewards in various denominations as well.”
“Bells” has a maximum supply of 500,000,000 coins with a block time of 60 seconds and difficulty retargeting every 4 hours. $BEL offers a unique block reward structure. Initially for the first 90 days, rewards vary from 50-10,000 $BEL’s, with decreasing probabilities for higher rewards. In the second 90 days, the maximum reward drops to 5,000 $BEL’s. The following 180 days see a further reduction, with a maximum of 500 $BELs. After 365 days (Dec. - Jan. 2025), a constant reward of 2 $BEL’s per block continues until reaching the total cap of 500,000,000 $BELs, projected to take 420 years to complete circulation. ~1,051,200 $BEL will be mined per year after the halving(s) occur. This structure creates an engaging experience and gives incentive for miners to support the network and a fun idea for developers to work with.
~1st 90 Days: Approximately 36,260,200 $BEL mined (~Late Feb. or ~Early March)~2nd 90 Days: Approximately 18,144,000 $BEL mined (~Late May or ~Early June 2024)~180 Days After: Approximately 4,121,280 $BEL mined (Late Dec. or Early Jan. 2025)After ~365 Days passed (Dec. - Jan. 2025): 2 $BEL per block until 500,000,000 $BEL(circa. 2443-2444, 420 years)After a year of multiple block halvings, ~1,051,200 $BEL will be mined per year moving foward. (~2025) Current Supply: ~5,730,000 $BEL as of 12/20/23 10:16PM MST Market Cap: ~$14,880,000 24hr Volume: ~$723,440
As of now, nonkyc.io and xeggex.com are the only two listing and providing live charts for $BEL against trading pairs $USDT and $DOGE. Efforts from the community are underway to get $BEL listed on multiple new exchanges and charting platforms. Recently CoinGecko has included $BEL and applications for $BEL to join CoinMarketCap are underway. For blockchain “monitoring”, there are two block explorers available: belscan.io and bells.quark.blue, offering users options for tracking and analyzing transactions on the $BEL network.
BELLs Wallet , Tutorial here.
It is recommended to set up a wallet prior to mining $BEL. If either of these options seem overwhelming to set up, you have the option to wait for the @FxWallet team to include $BEL in their wallet, anticipated to release around December 25th.
REMINDER:* Using exchanges such as nonkyc.io & xeggex.com as “main” wallets for mining is not recommended due to minimum deposit requirements.*
To open your ASIC, look up the IP associated with the ASIC on your network. This can usually be found in your router under the setting ‘Attached Devices’ or ‘Devices’.
Initially, select 'unlock' on your miner, located at the top right corner. Following this, a login prompt will appear. After logging in, click on ‘Miner’ found on the left side of the interface.
You will then see a screen displaying your Pool Settings, Miner, and Algorithm Settings. In the ‘Pool Settings’ section, locate and click the ‘add’ button on the right side. This action will trigger a pop-up to appear.
Select from the provided list of pools below (or any other pool of your preference) and locate the ‘URL’ related to your chosen mining pool. Copy and paste this URL into the designated field.
Next, under ‘Miner Name’, input your $BEL wallet address. Should you wish to assign a name or tag to your miner, simply add a period (".") after your wallet address and assign any desired name.
Following the ‘Miner Name’ step, set a password for your new pool configuration. Once all these steps are completed, click ‘apply’ to finalize your settings.
It might be necessary to move the newly added pool to the top of the list in order to prioritize it.
Example:
Pool/URL: stratum+tcp://bel.stratum.bellscoin.io:25565
User/Worker: $BEL wallet address
Password: Your choice
Reminder:* Some pools such as Mining-Dutch offer solo mining on their site.*
To monitor your hash rate and check your rewards, each pool typically provides a dashboard. For instance, you can refer to the pictured example provided here. If you’re unable to locate your specific dashboard in this post or on Discord, don’t hesitate to ask a community member for assistance.
MinePixel official pool
Pool connection URL: stratum+tcp://pool.minepixel.io:3389
Username: Your BEL wallet address
Password: Can be anything (special instructions for rentals)
Pending balance URL: https://minepixel.io/#bells1/dashboard
Balance updates after block confirmation
Payouts: Every 5 minutes, minimum 0.5 $BEL
Fee: 5%
BellsCoin
Pool info: https://pool.bellscoin.io/#bells1
Pool Link: stratum+tcp://bel.stratum.bellscoin.io:25565
Produced Blocks: https://pool.bellscoin.io/#bells1/blocks
Payment: Every 10 minutes for pending balance over 0.01 BEL
Pool Wallet: BJZBBqhJLq88tH1fZkayaiQ2Lan1HHDGCC
Fee: 1% PPLNS
OS: Miningcore
BEL.cool
Website: https://bel.cool/
Pool Info: https://bel.cool/#bells1
Pool Link: stratum+tcp://pool.bel.cool:3333
Reward: Auto Payment 0.01 BEL
Reward Address Pool: BCpTBzJ7ArAQUJ2akjCHgu9NXYN2nfYeDD
Fee: 1%
OS: Miningcore
Decenx
Pool information: https://decenx.io/help/gettingstarted/pool/BEL
Pool Link: stratum+tcp://pool.decenx.io
The distribution of profits obtained from the pool will be as follows:
Total fees: 2%, broken down as follows:
Building the Discord community, x.com: 0.5%
Fund for builders and developers building dApps on the network: 0.5%
Fund for Key Opinion Leaders (KOLs) to develop the BEL community: 0.5%
Profit for pool maintenance: 0.5%
Mining through the Decenx Pool contributes to decentralization and stimulates community growth
Mining-Dutch Pools
🖥️ website:
https://www.mining-dutch.nl/
💰 Payout:
Every 20 minutes,
Payout and Convertion to any currency we have.
⛏️ Mining modes:
We offer the following modes.
PPS
Solo
PROP
PPLNS
`- Profitswitching (can be mined PPS / SOLO / PROP / PPLNS )
Smart profitswitching without stale shares or rejects
Switch between pools and mining modes from the UI, You only have to configure your miner once.
Website: https://www.dxpool.com/
Bells Pool Info: https://www.dxpool.com/mining/bel/stats
Pool Link: stratum+tcp://bel.ss.dxpool.com:6688/bel.ss.dxpool.com:6699 (High Difficulty 500 million above)
Service: Auto-Withdrawal at least 0.1 $BEL
Reward Address Pool: BFMLnwTh8jXx2YE4sL2MsfPSvnv6bXQh7p
Fee: 1%
Dashboard: https://dxpool.com/mining/bel/dashboard
Support: support@dxpool.com
Website: https://www.f2pool.com/
Pool Info: f2pool is a geographically distributed mining pool, helping miners all over the globe secure Bitcoin and 40+ Proof–of–Work networks since 2013.
Pool Link: stratum+tcp://bells-euro.f2pool.com:7400, stratum+tcp://bells-asia.f2pool.com:7400, stratum+tcp://bells-na.f2pool.com:7400
Reward: PPLNS
Reward Address Pool: NA
Fee: 1%
There has been a little bit of controversy on X surrounding $BEL’s launch that sparked some discussions. I hope to provide some clarity on the topic after a conversation I had with Luke Wright: (DYOR!)
https://twitter.com/ZachZwei/status/1736419768696197520
Foster:
“…I was wondering about the “pre-mine”… I heard and saw floating around that it was either 0.25% or 1% mined prior to info being “released” about $BEL… If 1% was actually mined, wouldn’t that be the equivalent of almost +$20,000,000?”
Luke Wright:
“…Right if it was 1% pre-mined that would be ~5,000,000. It wasn’t even that. There was about ~2,000,000 pre-mined by about 5 people… And even with that, most of us stopped mining until the launch post with chat logs that go back to December 9th saying we are done mining… (Before the post was made on the 13th) So I believe we did it extremely fair…”
https://twitter.com/adamamcbride/status/1736427168362598502
*When asked about taking profit*
Luke Wright:
“…Correct we haven’t taken any money for development, but we also don’t know if we will at this time. We have a core wallet consensus we just posted about for updates and are seriously hard at work on that alone with the new exchange listings and mining pool partnerships.”
*When asked about Nintendo*
https://twitter.com/BillyM2k/status/1736622434818875804
Foster:
“…My only worry is Nintendo if it takes off haha.”
Luke Wright:
“If Nintendo were to do anything it would be alright, it would be because of the "icon” picture.”
*When asked about “BillyM2k’s Vision” *
https://twitter.com/BillyM2k/status/1736114041402360176
Luke Wright:
“Ordinals will eventually come to $BEL as well… To help us get closer to the vision of a “Marketplace”…”
The core team aims to establish a unique marketplace to the $BEL network in hopes to complete BillyM2k’s original vision of the project.
Theres potential for Decentralized Exchanges (DEX) and Decentralized Finance (DeFi) protocols to include wrapped $BEL (ex. $wBEL). This vaguely follows a current trend with Over The Counter (OTC) trading and vaulting on chains like Optimism paving the way for $BEL’s integration with various communities.
Post the varied rewards phase, $BEL might face challenges in retaining miners, similar to what the $DOGE community experienced in 2014. A possible “solution” (or a feature in my books) is enabling AuxPoW (Auxiliary Proof of Work), allowing $BEL to coexist with other Scypt based coins for mining, enhancing network security and longevity.
Jackson Palmer:
“One of the harsh realities of proof-of-work based cryptocurrencies is that their security is reliant on mining being profitable for those dedicating their hashing power to the network. By enabling AuxPoW, we're no longer competing for people's hashrates with other scrypt-based coins.”
While it might be too soon to compare $BEL with other Scrypt coins in terms of price performance, I've been watching the network hashrate growth and decline of $BEL, $DOGE, and $LTC. The sustainability of $BEL, especially regarding miner profitability, seems crucial. If the $BEL community falls behind in this I believe it could be concerning. However, the current fluctuations in the hashrate across these coins and $BEL specifically are impressive. For me, the deciding factors to stay afloat are the price movements, trading volume, and overall hashrate. If these indicators start to falter in the coming weeks, it might be time to reassess on $BEL. On the flip side, if the developers and community maintain their momentum in expanding the network, I see a promising future and a fun upcoming year. As always, time will be the judge. Remember, this is not financial advice, we are talking about a coin that is a play on Animal Crossing lmao.
I’ve been a quiet observer in this industry for three years so far and have sometimes found it’s rapid pace to be very exciting but the repetitiveness to sometimes feel overwhelming and mentally draining. It’s hard for me to imagine what it must be like for those on the “sole” retail side trying to stay involved and updated - it’s real information overload. It’s nice to shift my focus away for a brief moment from being overly critical about my choices within this industry and ecosystem to having some enjoyment within the redundancy. As someone with a genuine passion for this industry, $BEL has been a breath of fresh air over the holidays. Just my opinion of course haha.
ONE LAST TIME: all of this this isn’t financial advice. ALWAYS DYOR.
It’s been fun so far, best of luck to all and happy mining!
“Bells” or $BEL, a revived cryptocurrency, debuted on the bitcointalk.org forum in November 28th, 2013 by user “billym2k” (@BillyM2k). Drawing inspiration from the “Animal Crossing” in-game currency “Bells” and was created only a week prior to the “brother coin” $DOGE (December 6th, 2013). $BEL utilizes the Scrypt algorithm for mining and introduces a unique twist by offering random block rewards, “echoing” the in-game mechanic where players collect various items for Bells. In this crypto variant of the currency, mining replaces the in-game activities, but the randomness of rewards remains, adding an engaging aspect to the mining process.
*Remember, this is NOT the original $BEL chain from 2013*
M2k:
“In the Animal Crossing universe, Bells are the primary form of currency. To gather them, you must collect fruits, catch bugs, fish, dig for fossils, etc. and trade those items for Bells. In the crypto world, we just mine for them!”
“The Bell amount you get from the various items is quite random, so Bells as a cryptocurrency has random rewards in various denominations as well.”
“Bells” has a maximum supply of 500,000,000 coins with a block time of 60 seconds and difficulty retargeting every 4 hours. $BEL offers a unique block reward structure. Initially for the first 90 days, rewards vary from 50-10,000 $BEL’s, with decreasing probabilities for higher rewards. In the second 90 days, the maximum reward drops to 5,000 $BEL’s. The following 180 days see a further reduction, with a maximum of 500 $BELs. After 365 days (Dec. - Jan. 2025), a constant reward of 2 $BEL’s per block continues until reaching the total cap of 500,000,000 $BELs, projected to take 420 years to complete circulation. ~1,051,200 $BEL will be mined per year after the halving(s) occur. This structure creates an engaging experience and gives incentive for miners to support the network and a fun idea for developers to work with.
~1st 90 Days: Approximately 36,260,200 $BEL mined (~Late Feb. or ~Early March)~2nd 90 Days: Approximately 18,144,000 $BEL mined (~Late May or ~Early June 2024)~180 Days After: Approximately 4,121,280 $BEL mined (Late Dec. or Early Jan. 2025)After ~365 Days passed (Dec. - Jan. 2025): 2 $BEL per block until 500,000,000 $BEL(circa. 2443-2444, 420 years)After a year of multiple block halvings, ~1,051,200 $BEL will be mined per year moving foward. (~2025) Current Supply: ~5,730,000 $BEL as of 12/20/23 10:16PM MST Market Cap: ~$14,880,000 24hr Volume: ~$723,440
As of now, nonkyc.io and xeggex.com are the only two listing and providing live charts for $BEL against trading pairs $USDT and $DOGE. Efforts from the community are underway to get $BEL listed on multiple new exchanges and charting platforms. Recently CoinGecko has included $BEL and applications for $BEL to join CoinMarketCap are underway. For blockchain “monitoring”, there are two block explorers available: belscan.io and bells.quark.blue, offering users options for tracking and analyzing transactions on the $BEL network.
BELLs Wallet , Tutorial here.
It is recommended to set up a wallet prior to mining $BEL. If either of these options seem overwhelming to set up, you have the option to wait for the @FxWallet team to include $BEL in their wallet, anticipated to release around December 25th.
REMINDER:* Using exchanges such as nonkyc.io & xeggex.com as “main” wallets for mining is not recommended due to minimum deposit requirements.*
To open your ASIC, look up the IP associated with the ASIC on your network. This can usually be found in your router under the setting ‘Attached Devices’ or ‘Devices’.
Initially, select 'unlock' on your miner, located at the top right corner. Following this, a login prompt will appear. After logging in, click on ‘Miner’ found on the left side of the interface.
You will then see a screen displaying your Pool Settings, Miner, and Algorithm Settings. In the ‘Pool Settings’ section, locate and click the ‘add’ button on the right side. This action will trigger a pop-up to appear.
Select from the provided list of pools below (or any other pool of your preference) and locate the ‘URL’ related to your chosen mining pool. Copy and paste this URL into the designated field.
Next, under ‘Miner Name’, input your $BEL wallet address. Should you wish to assign a name or tag to your miner, simply add a period (".") after your wallet address and assign any desired name.
Following the ‘Miner Name’ step, set a password for your new pool configuration. Once all these steps are completed, click ‘apply’ to finalize your settings.
It might be necessary to move the newly added pool to the top of the list in order to prioritize it.
Example:
Pool/URL: stratum+tcp://bel.stratum.bellscoin.io:25565
User/Worker: $BEL wallet address
Password: Your choice
Reminder:* Some pools such as Mining-Dutch offer solo mining on their site.*
To monitor your hash rate and check your rewards, each pool typically provides a dashboard. For instance, you can refer to the pictured example provided here. If you’re unable to locate your specific dashboard in this post or on Discord, don’t hesitate to ask a community member for assistance.
MinePixel official pool
Pool connection URL: stratum+tcp://pool.minepixel.io:3389
Username: Your BEL wallet address
Password: Can be anything (special instructions for rentals)
Pending balance URL: https://minepixel.io/#bells1/dashboard
Balance updates after block confirmation
Payouts: Every 5 minutes, minimum 0.5 $BEL
Fee: 5%
BellsCoin
Pool info: https://pool.bellscoin.io/#bells1
Pool Link: stratum+tcp://bel.stratum.bellscoin.io:25565
Produced Blocks: https://pool.bellscoin.io/#bells1/blocks
Payment: Every 10 minutes for pending balance over 0.01 BEL
Pool Wallet: BJZBBqhJLq88tH1fZkayaiQ2Lan1HHDGCC
Fee: 1% PPLNS
OS: Miningcore
BEL.cool
Website: https://bel.cool/
Pool Info: https://bel.cool/#bells1
Pool Link: stratum+tcp://pool.bel.cool:3333
Reward: Auto Payment 0.01 BEL
Reward Address Pool: BCpTBzJ7ArAQUJ2akjCHgu9NXYN2nfYeDD
Fee: 1%
OS: Miningcore
Decenx
Pool information: https://decenx.io/help/gettingstarted/pool/BEL
Pool Link: stratum+tcp://pool.decenx.io
The distribution of profits obtained from the pool will be as follows:
Total fees: 2%, broken down as follows:
Building the Discord community, x.com: 0.5%
Fund for builders and developers building dApps on the network: 0.5%
Fund for Key Opinion Leaders (KOLs) to develop the BEL community: 0.5%
Profit for pool maintenance: 0.5%
Mining through the Decenx Pool contributes to decentralization and stimulates community growth
Mining-Dutch Pools
🖥️ website:
https://www.mining-dutch.nl/
💰 Payout:
Every 20 minutes,
Payout and Convertion to any currency we have.
⛏️ Mining modes:
We offer the following modes.
PPS
Solo
PROP
PPLNS
`- Profitswitching (can be mined PPS / SOLO / PROP / PPLNS )
Smart profitswitching without stale shares or rejects
Switch between pools and mining modes from the UI, You only have to configure your miner once.
Website: https://www.dxpool.com/
Bells Pool Info: https://www.dxpool.com/mining/bel/stats
Pool Link: stratum+tcp://bel.ss.dxpool.com:6688/bel.ss.dxpool.com:6699 (High Difficulty 500 million above)
Service: Auto-Withdrawal at least 0.1 $BEL
Reward Address Pool: BFMLnwTh8jXx2YE4sL2MsfPSvnv6bXQh7p
Fee: 1%
Dashboard: https://dxpool.com/mining/bel/dashboard
Support: support@dxpool.com
Website: https://www.f2pool.com/
Pool Info: f2pool is a geographically distributed mining pool, helping miners all over the globe secure Bitcoin and 40+ Proof–of–Work networks since 2013.
Pool Link: stratum+tcp://bells-euro.f2pool.com:7400, stratum+tcp://bells-asia.f2pool.com:7400, stratum+tcp://bells-na.f2pool.com:7400
Reward: PPLNS
Reward Address Pool: NA
Fee: 1%
There has been a little bit of controversy on X surrounding $BEL’s launch that sparked some discussions. I hope to provide some clarity on the topic after a conversation I had with Luke Wright: (DYOR!)
https://twitter.com/ZachZwei/status/1736419768696197520
Foster:
“…I was wondering about the “pre-mine”… I heard and saw floating around that it was either 0.25% or 1% mined prior to info being “released” about $BEL… If 1% was actually mined, wouldn’t that be the equivalent of almost +$20,000,000?”
Luke Wright:
“…Right if it was 1% pre-mined that would be ~5,000,000. It wasn’t even that. There was about ~2,000,000 pre-mined by about 5 people… And even with that, most of us stopped mining until the launch post with chat logs that go back to December 9th saying we are done mining… (Before the post was made on the 13th) So I believe we did it extremely fair…”
https://twitter.com/adamamcbride/status/1736427168362598502
*When asked about taking profit*
Luke Wright:
“…Correct we haven’t taken any money for development, but we also don’t know if we will at this time. We have a core wallet consensus we just posted about for updates and are seriously hard at work on that alone with the new exchange listings and mining pool partnerships.”
*When asked about Nintendo*
https://twitter.com/BillyM2k/status/1736622434818875804
Foster:
“…My only worry is Nintendo if it takes off haha.”
Luke Wright:
“If Nintendo were to do anything it would be alright, it would be because of the "icon” picture.”
*When asked about “BillyM2k’s Vision” *
https://twitter.com/BillyM2k/status/1736114041402360176
Luke Wright:
“Ordinals will eventually come to $BEL as well… To help us get closer to the vision of a “Marketplace”…”
The core team aims to establish a unique marketplace to the $BEL network in hopes to complete BillyM2k’s original vision of the project.
Theres potential for Decentralized Exchanges (DEX) and Decentralized Finance (DeFi) protocols to include wrapped $BEL (ex. $wBEL). This vaguely follows a current trend with Over The Counter (OTC) trading and vaulting on chains like Optimism paving the way for $BEL’s integration with various communities.
Post the varied rewards phase, $BEL might face challenges in retaining miners, similar to what the $DOGE community experienced in 2014. A possible “solution” (or a feature in my books) is enabling AuxPoW (Auxiliary Proof of Work), allowing $BEL to coexist with other Scypt based coins for mining, enhancing network security and longevity.
Jackson Palmer:
“One of the harsh realities of proof-of-work based cryptocurrencies is that their security is reliant on mining being profitable for those dedicating their hashing power to the network. By enabling AuxPoW, we're no longer competing for people's hashrates with other scrypt-based coins.”
While it might be too soon to compare $BEL with other Scrypt coins in terms of price performance, I've been watching the network hashrate growth and decline of $BEL, $DOGE, and $LTC. The sustainability of $BEL, especially regarding miner profitability, seems crucial. If the $BEL community falls behind in this I believe it could be concerning. However, the current fluctuations in the hashrate across these coins and $BEL specifically are impressive. For me, the deciding factors to stay afloat are the price movements, trading volume, and overall hashrate. If these indicators start to falter in the coming weeks, it might be time to reassess on $BEL. On the flip side, if the developers and community maintain their momentum in expanding the network, I see a promising future and a fun upcoming year. As always, time will be the judge. Remember, this is not financial advice, we are talking about a coin that is a play on Animal Crossing lmao.
I’ve been a quiet observer in this industry for three years so far and have sometimes found it’s rapid pace to be very exciting but the repetitiveness to sometimes feel overwhelming and mentally draining. It’s hard for me to imagine what it must be like for those on the “sole” retail side trying to stay involved and updated - it’s real information overload. It’s nice to shift my focus away for a brief moment from being overly critical about my choices within this industry and ecosystem to having some enjoyment within the redundancy. As someone with a genuine passion for this industry, $BEL has been a breath of fresh air over the holidays. Just my opinion of course haha.
ONE LAST TIME: all of this this isn’t financial advice. ALWAYS DYOR.
It’s been fun so far, best of luck to all and happy mining!
<100 subscribers
<100 subscribers
No activity yet