Category Archive : Bluebox

Transcendence takes over Klimatas (KTS) coin

You might have noticed that one of the Pools in Bitdorado Turkey is Klimatas (KTS) coin.

Well, about two weeks ago this Coin has been taken over by Transcendence, or, to be more precise, by Pascal and BitCoin_Bond_007, meaning in practice it will be part of Transcendence now, although technically perhaps not exactly.

Original Klimatas coin, as the name already suggested, had to do with environmental values, mainly focusing on sustainable development, and concretely they for example had this idea about a Cryptoforest, which meant that through blockchain technology, you were able to plant real trees.

Drawing connections between dots, their whitepaper mentioning it took a year for them to get EU regulations done and their final message to their community after the change in leadership, it gives me a picture that Pascal’s way of preparing for all the future EU regulations first as a foundation have been the right choice since seems like trying to figure out how to get those regulations in place in practice was what pretty much killed Klimatas old leadership. that instead of being able to focus on getting more trees to the world, they had to focus on how to get those regulations in place for those things you make from trees that tend to make people happy when they get and use them.

New Klimatas will likely change its focus a bit. It will still be a do-good coin, but instead of focusing on planting new trees and stuff, Klimatas will likely take its focus more towards kids and young people, this according to a discussion I had with BitCoin_Bond_007.

The integration to the Transcendence world has basically already started even before the takeover since as mentioned at beginning of this news item, you have been able to join Klimatas Pool through Bitdorado Turkey for some time already.

In addition, after Telos upcoming change to full POS, blueboxes won’t be able to run Telos master nodes anymore, since there won’t be any master nodes in Telos anymore, instead, blueboxes are planned to start running Klimatas master nodes. Hence, if you own one of the blueboxes, you are already without doing anything getting yourself involved with Klimatas coin.

And Klimatas (KTS) coin will also be accepted as a payment option when buying a bluebox.

According to BitCoin_Bond_007, There are plans to integrate KTS in the future for even more to the Transcendence ecosystem, but right now this is where it starts from.

Two new Telos fundamentals votings on dashboard

As “Lottery Block”-voting passed (haven’t told that to you yet), while doing the change to reflect the addition of a monthly Lottery Block, why not vote about other Telos Fundamentals too to see if some more changes should be done at the same time, especially when considering that the latest halving came by surprise and hence no voting about fundamentals were done.

Dashboard therefore now has two votings:

One about POS/MN split, and another about The Master Node collaterals.

Masternode Collateral options are following:

  1. 1K / 10K / 30K / 1M / 3M
  2. 1K and 100K
  3. only 1K
  4. only 100K
  5. only 300K

Right now the option 5 is winning with 767 votes, and the only other option that seems to be having votes is option number 4. However, due to how the dashboard displays those votes, it is difficult to say how many votes number 4 has, maybe 50, so well behind option number 5.

This Masternode Collateral voting however might not have any relevance in the end, since the other voting is about the split between POS and MN.

POS/MN split options are following:

  1. 50/50
  2. 30 POS / 70 MN
  3. 10 POS / 90 MN
  4. 90 POS / 10 MN
  5. 100 POS

Option number 5 means there will not be any Masternodes anymore, but only Proof of Stake, which by other words mean wallet staking, and right now it looks like Option number 5 is winning by slide, for option number 5 currently has a whopping 120 105 votes for it and due to how dashboard displays votes, I can’t really see if any of the other options have any votes or just some compared to this option.

What do these changes mean in practice?

well, Masternode collaterals give a different kinds of options. Like currently as we have had 100k – 10M nodes, it means that entry to master nodes is a bit expensive compared to 1K nodes, and such high options like 10M seem to have also contributed to having perhaps even too few nodes since the network has had problems every now and then.

Few nodes however is not automatically a problem.

having only for example 100K nodes, would increase the number of nodes, and keep things simple, since each node is always just that 100K, and also theoretically increase network stability, however, in practice it also tends to mean that people who want to run 10M worth of nodes (that’s hundred 100K nodes) might look at cheapest possible options, which in practice results in bad nodes, and bad nodes result into a bad network.

When it comes to POS / MN split, this naturally affects the appeal of running nodes. Less for MN, less appealing it is to run one, which naturally affects the number of nodes.

However, especially since now the 100 POS option is most voted, which I personally hope will win, I will point some pros and cons about that.

One bad thing is that currently Blueboxes are at least theoretically running a Telos master node. With 100 POS, they might not be doing so anymore. So those rewards might be gone for the bluebox owners, although there isn’t really any reason why blueboxes couldn’t change into running 24/7 wallets instead to support the network, except as far as I have understood, blueboxes are not running master nodes currently, but owners have anyway been paid the amount of Telos they would have received if 100K masternodes had been run on them.

Another bad thing is that Telos will lose some visibility, for example places like masternodestats.info list master nodes and their profits, but if Telos moves to fully POS, will masternodestats.info update its system to also show full POS Telos, or simply remove it from the list?
While masternodestats.info, I hope, will update POS Telos to its list, many other places might not.

To me, good things however outweigh those bad things like possibly losing my Bluebox Telos income.

For one thing is that POS is very simple. You just keep your wallet open and Telos inside it and you can get more. This is very beginner-friendly compared to running master nodes where just setting up one takes a lot of know-how, and on top of that if you don’t know what you are doing you might end up messing the whole Network, like happened with Telos 1 when we had over 10 000 Master Nodes in the network and many of them were run by noobs or people who didn’t care but just tried to squeeze every penny out of it with the cost of network stability.

This beginner friendliness might well attract some new people into Telosland since you buy some amount of coins and they start getting more very easy.

Another problem solved is that Teloscoins codebase is based upon PivX, and as far as I have understood, there seem to be lots of bugs in PivX code that haven’t really been fixed by most of the PivX based coins. And to my understanding many of these bugs have to do specifically with Master Nodes.

One exploit bug was actually tried to be fixed in Teloscoin once, but since not enough master node owners started running the new fork, the new fork couldn’t get off, and hence the fix never happened.

Which also gives one more reason to go to full POS. Who says we have enough master node owners who care to update to the next fix fork either?

Of course this doesn’t mean that wallet users will do any better, but at least it is easier to just update your wallet and start it, than setting up an updated master node. So my guess is getting new forks with changes in effect will be easier with full POS, and we already know that at least master node owners failed us once.

If you are not happy with how voting is going on currently, or if you wish to make sure it goes as it now looks like, now is the time to go to your Dashboard to vote on the options.

You have time to vote until 5 pm (UTC) on the 29th of October, which is roughly one week from now, and each vote costs 1 Telos, and you can cast as many votes as you like to the options you like.

edit 25.10.2021:

According to the username halalsolutions message on bitcointalk thread “old Transcendence ANN”, it seems my understanding of Blueboxes mostly not running Telos master nodes anymore was confirmed.

However, it would also seem that my understanding of the basis of today’s bluebox payments is wrong.

As said in the article, I thought the basis on payments was on “virtual” Telos master nodes, but appears, according to halalsolutions message, that the basis has been in some sort of storage renting system, probably something similar, if not the same, to what Project Alexandria is supposed to have in Blueboxes.

When in the article I said that full POS could remove bluebox income, halalsolutions seems to think it could rather triple the bluebox income since according to him, bluebox rental income is based upon the collateral represented by blueboxes, and full POS would mean more income since blueboxes represent most of the collateral. I don’t know if halalsolutions is right, but my guess is that halalsolutions is better aware of the system than I am.

Limited edition Bluebox Turkuaz available

As Telos is about to conquer Turkey, one of the first steps seem to be offering a limited edition Blueboxes.

These blueboxes differ from previous ones in that while previous ones gave you Cryptos, these ones give you Euros.
Another difference is also that while previous ones were dependent upon how much Cryptos Bluebox in reality mines, these ones have a fixed income of a certain amount of Euros each month.

Following options are available in the following amounts:

Bluebox Turkuaz 1K – Costs 1 000 Euros, and will give you 2 percent (that’s 20 Euros) per month – limited to 20 boxes
Bluebox Turkuaz 3K – Costs 3 000 Euros, and will give you 3 percent (90 Euros) per month- limited to 20 boxes
Bluebox Turkuaz 10K – Costs 10 000 Euros, and will give you 4 percent (400 Euros) per month- limited to 15 boxes
Bluebox Turkuaz 30K – Costs 30 000 Euros, and will give you 5 percent (1 500 Euros) per month- limited to 30 boxes
Bluebox Turkuaz 100K – Costs 100 000 Euros, and will give you 6 percent (6 000 Euros) per month- limited to 15 boxes

Notice that these Monthly Euros are paid to Bitdorado Turkey account, so if you plan to get one, you also need Bitdorado Turkey account.

To order one of these boxes, you need to contact username Safayu99#0445 in discord, in either Turkish or English language.

And before you start sending him any money, do make sure you are talking to the right safayu99 since TELOSNEWS.COM can be read by scammers too, and what a golden opportunity here to pose as safayu99 to get your orders which are never delivered.

Lucky seven Monday Article “BLUEBOX MK2 by Transcendence blockchain ready to launch” from June 1

Lucky Seven is once again giving us one of his informative articles by telling us mainly about the hardware aspect of Bluebox MK2.

To read it, pick one of the places below:

Cryptoacid
Publish0x
Steemit
Medium
Minds

And for Russian Translation by MOD Tybiboune:
VK.com

Alejandro Finol article “Relevant news update of the Transcendence project (Telos Coin – Bitcoin Subsidium)” from march 20

And you thought TELOSNEWS wasn’t keeping an eye out for you on new Alejandro Finol articles? WRONG! TELOSNEWS have kept eyes on him all this time, even on this two months ago published article where he talks about Telos and Corona and Bluebox Corona offer, which you should notice that the Corona offer is basically not available anymore, although, you might ask from Discord username Bitcoin_Bond_007 if you might be lucky to get one from him still.

To read the article:

STEEMIT

MEDIUM

You missed your chance – No more Peertoro, Blueboxes, or Piggybanks to new customers!

Yep, Title is almost right.

Today Pascal announced that Peertoro, Bluebox, and Piggybanks won’t be sold to new customers anymore.

Notice that these will still be sold to already existing customers, just not for new ones.

However, when TELOSNEWS.COM interviewed Pascal about this decision, he did say that while this is basically so, there might come in future some Bluebox batches that might be sold to new customers too, just that the price might be bit high. So perhaps he one day sells some piggybanks too.

Other than that, unless you are one with very deep pockets, you missed your chance. There will be Greenboxes and special editions of stuff available in future for new customers too, but for example Green boxes intended price is 100k Euros.

But don’t worry, you may have missed this chance, but Bitdorado.eu is still fully open for all the customers to benefit from it.

Many times I advised you to buy some of that stuff, but did you listen?
Now there’s only one thing left to say:

NA-NA-NA-NA-NA-NA-NA – Told you so!

ps. special thanks to mod tybiboune for donating the pictures.

NOTICE: Bluebox Dashboard currently not connected to Bluebox.

If you are one of those who keep following their Blueboxes through Bluebox Dashboard at blueboxing.net, be aware that right now Blueboxes are not connected to Bluebox Dashboard, which means that Bluebox Dashboard is not showing the info about your earnings that it normally would.

The reason for this is the ongoing update to multicoin support. By other words, if your Bluebox Dashboard isn’t showing your income, you can jump and say Hooray, since that means you are now getting in addition to XBTX also some Telos with your Blueboxes.

Yes, that is right, from now on your Blueboxes will be POWing XBTX at the same time as they are running a Telos master node, meaning you will be getting both XBTX and Telos to yourself.

Notice also that due to Blueboxes and Bluebox Dashboard not being connected currently, it also means that if you update your wallet address in Bluebox Dashboard, this also will have no effect.

If you need to change your wallet address, you will have to send a ticket telling you want to change your wallet address, and to what wallet address you want to change it into.

To cut it short. Don’t follow your Bluebox earnings from Bluebox Dashboard, but follow them by looking at them directly from your wallet.

And when will this update be complete and dashboard working again, have at this point not been publicly told yet, but might take a while since according to Pascals talks there is going to be even more updating in the plan which will give people better control over their Blueboxes and what they are doing.

2 Blueboxes being raffle ticketed, act quick, time is almost up.

Time is a bit tight, so you have to react very fast, but there are two blueboxes going to be given by random to people who are willing to do something little.

The first one will be given at today’s Kryptofriday that have already started streaming when this update is published.

In Todays kryptofriday, one Bluebox is given, on what condition is a bit unclear. Basically original announcement by Pascal mentions watching, sharing and liking – as in probably the kryptofriday stream?
However, Kryptofriday’s own announcement doesn’t mention anything about the condition upon which winner is picked. All Kryptofriday says is that it is going to be done live, one hour later from start of kryptofriday, which in practice means, one hour from now since Kryptofriday stream already started.

So my best guess is, if you go and follow the livestream, they either give more instructions, or then it is given to one of those simply watching it, so want to have a chance to earn 1000 Euros by watching a one-hour live stream? Today’s your chance for that.

However, if you are reading this too late already, then don’t worry, since there is also another box given tomorrow on a different condition.

This has to do with Bitdorado promotion.

About two weeks ago Bitdorado promised to give two blueboxes away randomly for people who Follow / Retweet / Like this tweet from bitdorado about that competition, and last Saturday first bluebox was given to a lucky random pick winner, and tomorrow the second box will be given.

So go now to that tweet couple lines above and Follow the account, Retweet the tweet, and like it, to get included on tomorrow’s random pick. So far looks like only around 50 people had done so, so chances to win a thousand are amazingly good compared to the usual probability in these kinds of things.

Hop hop to Kryptofriday stream to win the bluebox dream!

Blockinsure.me offers a possibility to upgrade Blueboxes to bitdorado editions

Here is something very interesting. If you haven’t noticed it before, in Telos land there is this extended warranty thing called Blockinsure.me available to buy. This will protect you in the case if for example one of your Blueboxes decides to break.

To make buying Blockinsure.me even more attractive than before, there is now an upgrade attached to the blockinsure.me deal.

If you have a Blueboxes, then you can buy Blockinsure.me deal and get them upgraded.

Buy a basic membership and you can get 1-10 Blueboxes upgraded to Bitdorado edition. Buy Gold membership and you can get 10-30 Blueboxes upgraded. more than that, buy a Platinum Membership and get them upgraded.

Upgrading these Blueboxes to Bitdorado editions means that your Blueboxes will become premium members of Bitdorado.

Do notice that there is a difference between you yourself or your Bluebox being a premium member of Bitdorado, with you yourself as a premium member being the better option, except, you can only get one premium membership for yourself while to Blueboxes you can get an endless amount of them as long as you have Blueboxes to make become a premium member.

I do plan to write more extensively at some point about Bitdorado premium membership and what it means, but for now, know it is a good thing and worth seeking after for.

xMiner v2 for Windows available

Here is a slight confusion available for you all: xMiner is a hardware device meant for mining, while xMiner v2 is actually a software meant for mining at Bluepool.

Bluepool have been mentioned before too in TELOSNEWS.COM but what all Bluepool will hold is still to some extent a mystery and previous reports might have some errors in telling about it.

xMiner v2 is software for Windows (64-bit version only) that enables the user to mine with CPU or GPU in Bluepool specifically.

However, since Bluepool is a sort of insiders club where not just anyone can get access to so it would stay nicely profitable, you cant just download the software and start mining, but your wallet needs to get whitelisted first to get the access to the bluepool.

To get your wallet whitelisted, you either need to have bought one of the eligible things from Transcendence Project, which currently would be a Bluebox, xMiner (the hardware one), Piggy Bank v3 (for a limited time only), or you need to buy Bluepool Membership which currently costs 476 000 Telos and if announcement is to be trusted, will be climbing all the way to the price of 1.6 Million Telos soon, making it even at this point already, let alone in future, much cheaper to simply buy yourself one Bluebox to get the access.

When you are mining in bluepool, 80 percent of your mining power is used for your own mining, meaning that 80 percent of what you are about to get, you will get, and the rest 20 of that power will go to be distributed among all pool members – including yourself.

This is basically good since especially at the point when bluepool is going to start mining more than just XBTX, you will get your share of all these other coins too, meaning that you mine just one with for example CPU, and you get access to a whole load of different coins.

The rest 20 percent is being distributed based upon shares you own to bluepool. For example, if you own bluebox, you will get one share for each bluebox you own, so own 5 blueboxes and you get 5 shares.
xMiners, on the other hand, will get 10 shares each, after all, they cost about 10 times more.

This the situation with the Bluepool currently. If you wish to get on mining, go download xMiner v2 from here, and then you need to request your wallet address to be whitelisted either by contacting the place where you bought your eligible bought from or by asking from Pascal at discord.

Notice that during software testing it was noticed that Windows 10 deleted some of the files after unzipping since Windows defender thinks mining software as Malware, so depending upon your settings, especially on windows 10, you could encounter some trouble, so do it with your own risk and only if you know what you are doing.

Afterburner mining boost available for Blueboxes

As reported in earlier article about XBTX mining power being available from Peertoro, there is now a new option for Blueboxes to add to their mining power, the Afterburner boost.

Bluebox owners are offered an option for one Afterburner boost per bluebox they own, and this boost can be chosen to be between 4 Mh/s – 50 Mh/s, the latter being more expensive option naturally, but good thing is that you can also first start by buying 4 Mh/s and then at later point upgrade it to higher speed versions.

Prices start from 378 Euros (+ German VAT), but you also can get a 30 percent discount when paying with Telos. XBTX is naturally an acceptable payment option as well, but you won’t get the 30 percent discount with XBTX.

From Peertoro you can order the same 4 Mh/s for roughly 45 000 Telos, so we are talking of about the same price either one you use, but there is one notable difference between Peertoro and Afterburner option. For while Peertoro is a lifetime deal with a condition, Afterburner option, on the other hand, is a lifetime deal, that even if Afterburner would make only very little, you would still get to keep it.

Also, I suppose because of Afterburners, Peertoro offers have significantly changed. Before the 4 Mh/s version was pretty much the ultimate version already with a price tag of several thousand Euros if I correctly recall, now 4 Mh/s version is the minimum offer, but with only that 45 000 TELOS price.

Before there were offers starting from 10 Kh/s and if you happened to be one of the lucky ones to have bought that, you are now being upgraded to 4 Mh/s version free of charge. Talk about a good deal those who bought that one, I personally skipped that one having part of a xMiner from YourBrainOnBlockChain deal, but it seems I should have taken it after all…

Next article from Alejandro Finol “Transcendence Project [TELOS/XBTX] Use cases Part 1. (BLUEBOX)”

As I told in a previous news item about Alejandro Finol Telos related article, I told TELOSNEWS.COM would tell you when he writes more and that moment ladies and gentlemen have now happened.

In his second article about Transcendence/Telos/XBTX, he is telling about Blueboxes. Not a bad pick of choice to explain.

Read it either from:

Steemit

or Medium

Blueboxes to have 2 x 100k Telos nodes by default – Also increases the price.

The price of bluebox has gone up and for a reason. Or actually, with the latest Telos prices, the price of Bluebox might have even gone down, depending on how you look at it.

Reason for the higher price for new Blueboxes nowadays is because they will be hosting 2 x 100k Telos nodes by default.

Current price for a bluebox, as time of writing this, is shown as 1 690 Euros, which makes me think that with current price of Telos coins it seems to me like the price of Blueboxes went down rather than up, for while you do need to pay more to get the bluebox for yourself from now on, buying those 200 000 Telos coins is not very cheap nowadays, making the price of the bluebox itself somewhat low.

Add to this the possibly coming points system mentioned in this news item, and one can wonder where is the price of Bluebox there anymore.

Bluebox/Peertoro changes to DIY payment system, including rentals, and bluebox not available in several payments anymore.

So far Pascal have manually been processing all the payments. When you ordered something, he would give send you an exact invoice. Similarly, if you had Rented some service, he would each month send you a new invoice.

This, however, consumes a lot of time as you can imagine, and in an effort to save some time, these are now changing into the Do-It-Yourself system.

From now on, when you buy anything from either Blueboxing.net or form Peertoro.eu, you are not supposed to wait for the invoice anymore, but instead, when you order your product, you are supposed to check from Coinmarketcap the current value of Telos or XBTX, and send the equivalent amount of Telos/XBTX to cover the bought.

And do notice, you are not supposed to cut the possible 30 percent discount from this price but just pay the full price, and you will get this 30 percent discount as a cashback at a later point.

Another change will be in Rentals. So far you have been sent an invoice once a month to continue your rentals, from now on you need to take care of yourself to pay the rental price each month.

Every now and then Pascal will look through his rental deals, and if he notices you haven’t paid that months rental, then he assumes you have wished to cancel your deal and he will shut down the deal.

This change does not however affect those who have bought (not rented, but bought) blueboxes in several payment installments, these customers will still get invoiced as before.

However, do notice that to save time from sending invoices to these customers too, Pascal have now withdrawn this offer from new customers. So old customers will still get their Bluebox payments as usual, but no more new ones will be sold with that offer anymore. Now you either buy the box full, or you don’t.

If you don’t like this new system but would rather still get invoiced before paying, you can check what YourBrainOnBlochChain offers, after all, they are the alternative to ordering from Blueboxing.net or Peertoro.eu.

KYC coming to some Telos services – handled by Civic

You might have noticed that many Crypto Exchanges stopped at the later part of this year. This is because laws have changed and are about to change even more having made some exchanges decide to stop instead of complying with the new laws as it had been too hard or expensive to do so.

At 2020 new set of laws will come to effect that will also collide with some of Pascals plans and therefore some Telos projects in the future will need KYC (Know Your Customer) verification done before they can legally be offered.

Luckily this isn’t so bad a situation as it first sounds.

As many companies, smaller ones too, suddenly need to start performing KYC on their customers, this is clearly a problem to them since it can take a lot of resources to keep KYCing people, especially when profits per customer can be quite a small amount only in some of the businesses.

But when there is a problem, it might also be an opportunity, and so it is this time too and companies like Civic have popped up to solve this problem by bringing not only a win-win situation but a win-win-win situation where all parties benefit.

Civics win is that it now has a business from KYCing people. Customer Companies, like Pascals, benefit is that they don’t need to worry about KYC when they can just pay Civic to handle it. And Customers benefit is that when they get KYCed by Civic once, they don’t need to do that again on any of the services that keep using Civic for their KYCing.

This also means that when you KYC yourself once at Civic, you will in future be able to use any Telos services without KYCing a second time.

If you want to be prepared for the future already, you can go and download Civic App to your mobile from Civic.com and KYC yourself.

So far Pascal has specifically only announced that Blueboxes will get affected by KYC and that you either should KYC yourself by the end of December, or if you don’t wish to KYC yourself, sell your boxes away.

No more rental Blueboxes and xMiners, plus a scoring system in works to Blueboxes

In an attempt to get Transcendence/Telos/XBTX more decentralized, Pascal has now made a decision that he won’t offer Rental purchase option for Blueboxes or xMiners anymore, this is simply because Rental options were kept in co-location, and co-location is not a wished option anymore as right now this co-location option has resulted in that most Telos nodes, for example, reside in same physical location. Give a well-targeted Hurricane or two, and most of the network could be down.

In an effort to physically decentralize the network, and hence make it more secure, Co-Location is now reserved only for those who are paying their Blueboxes/xMiners in full.

Also, the price of Co-Location for new customers is likely to go up as well.

In another attempt to decentralize blueboxes, Pascal is now working on a new scoring system to blueboxes, which is actually good for all of us who own them.

His first thought is that each box would get more points each month, depending on age, co-location, and warranty.

First suggestion from Pascal was that each month would gain 10 points to a bluebox, regardless of where it is. So 3 months old bluebox would be worth 30 points in total, while 5 months old bluebox would be worth 50 points in total.

However, in addition to aging, making older be worth more, if bluebox resides at home instead of co-location, it would get another 10 points each month, in previous example, 3 months old bluebox at home would be worth a total of 60 points, while 5 months old bluebox at home would be worth 100 points in total.

And as last would be a warranty. If you have bought Telos Warranty, then your blueboxes would accumulate an additional 10 points more.

The idea with these points is that every time box would accumulate 120 points, they would receive another 30k Telos node in them, paid by the company. Notice however that in this case collateral would also belong to the company, but who cares as long as the profits are anyway coming to you as usual.

In other words, a bluebox in co-location could in this model be getting a new 30k node for free only once a year, while bluebox at home with a warranty could get a new free 30k node every four months.

That is pretty much an incentive there to get your blueboxes running at home instead of keeping them at Co-Location.

Do you think the Points system is good? Or should it perhaps be different?

You can join the Discord Channel and discuss about it, as this was just the suggestion Pascal made and he was asking for feedback about it.

New Peertoro Offers – Rent a Bluebox Special and Rent Xminer for a month

Peertroro.eu now has two new rental offers.

Rent-a-xMiner for a month and rent-a-bluebox special.

To start with the simpler one, you can now rent Xminer for a month (30 days) for 297 500 Telos Coins.

Sounds pretty harsh, but then again, Pascals test was showing 32 000 Euros (he originally erroneously talked of a 3 200 Euros) of a profit in a month if Xminer be running alone. Now I am pretty sure that won’t be the case but let’s say there be 10 Xminers running and you would still be making a pretty nice profit there with this deal.

The more complex deal, however, is Bluebox Rental Special which was announced in a discord announcement by Pascal that left lots of questions to be asked, and which are not really answered in Bluebox Rental Specials own page in Peertoro either:

So it is only for mining, yet after 64th node you will get another one?

But fear not, for TELOSNEWS.COM is here to explain what this deal is.

You start by paying 124 950 Telos Coins, and you get a Bluebox Rental Special + option for one 100k Telos Node (notice the word “option”, I will get back to that later)

From this point on, you don’t necessarily have to pay anything anymore, but you can just keep it as it is.

However, you can pay once a month another 124 950 Telos, and there are two reasons why you might want to do that.

First is that each time you pay (but it is optional if you want to or not), you will get an option for another 100k Telos node.

Second is that If you don’t pay, you do get to keep the machine just like it is, except there is one condition for you to keep it: It must make enough profit that 20 percent of that income will cover 5 Euros a month of hosting cost. In other words – it must make at least 25 Euros of profit a month.

In case that machine doesn’t make enough profit in a month, that it makes for example only 20 Euros of profit, in that case, Peertoro will take that machine back to themselves and keep all the profits.

What does this second option have to do with you perhaps wanting to pay the monthly optional fee is because more Telos nodes you have, more unlikely it is that your bluebox would make less than that 25 Euros of profit. As Pascal put it, get 2-3 nodes and it will probably work forever.

So you don’t have to pay those monthly fees, but then you won’t get more 100k Telos Nodes either, and then the risk of making less than 25 Euros in a month and therefore losing a box is higher.

To get back to that word that you are getting “options” for 100k Telos Nodes.

This word is used since right now when you rent Bluebox Special, you are actually not getting any nodes, but you are getting 100k worth of Telos Coins stored for you in case you wish to set up a node in the future.

This is because right now Bluebox Rental Special is only able to mine XBTX, and it will only later be upgraded into being able to both mine and host nodes, at which point those “optional” nodes will be added to your Bluebox Rental Special.

Also, if you decide to pay enough many times that you reach the Bluebox maximum of 64 Nodes, then you will next time get another Bluebox Rental Special for yourself.

Notice something important. This Bluebox Rental Special deal is different from previous Blueboxing.net Rental deal in that in previous deal you would get to keep the boxes after 15 months of payments, but with Peertoros Bluebox Rental Special, you will never own the boxes, but they will always be on rental with you, with the condition that they have to make that 25 Euros of profit a month, or you will lose them back to Peertoro.

Is this a good deal then? That depends.

On one hand, yes, on the old deal you do get to keep the boxes eventually, but then again, with this one, you can simply pay just that 125k and take a risk of losing it some point and if you don’t lose it ever, then this was much cheaper than the other box.

For if you compare the other boxes price and this one, then basically due to getting 100k Telos node with each 125k payment, you are actually paying only 25k each month you decide to pay. So lets say you decide to pay 3 times in total, then you basically paid only 75k in total from your Bluebox Rental Special, and if that is enough to keep it going on forever, then that was a pretty good deal indeed if mining and running Telos Nodes is all you plan to do with it.

On the other hand you can question if it makes sense to buy much of those nodes, when you could instead of paying 125k, pay just 90k to get 90% of a 100k Master Node through Peertoros 90 percent node offer, which I still think is a no-brainer and I still don’t understand why anyone is anymore putting up 100k nodes up themselves, when they could just buy that one for cheaper price and get a lifetime hosting on top of that.

All in all, I would say it boils down to three differences:

  1. Blueboxing.net rental deal gives you more flexibility in using it and makes you own the box at some point, but you need to pay every month or lose it until full payment is complete.
  2. Peertoros Bluebox Rental Special, as long you don’t plan to set up more than a couple of those 100k nodes, this will be much cheaper option to enter into Blueboxing and XBTX mining, but there is the risk of you losing it if profits drop, and more nodes you add, pricier it becomes compared to blueboxing.net rental offer, but then again, you can choose when you want to pay and when not, which is great flexibility in paying when you can pay or not pay, whenever you feel like it.
  3. Peertoros 90 percent node offer is a no-brainer, there is no need to think if it is worth it. If you are planning on getting yourself just a Telos Node, then this is the way to do it.
    However, when comparing to Blueboxes, this is not so clear a situation, since while Peertoro is cheapest and a no-brainer, it doesn’t have the option to mine XBTX, nor does it have the option to host other nodes. Peertoros 90 percent offer is great, but it is very limited compared to what blueboxes can offer.

I would boil it down to:

Cheap Telos Node – Peertoro 90 percent deal

Cheap Mining with a risk – Peertoro Bluebox Rental Special

Most flexibility in usage and planning on hosting to the maximum – Blueboxing.net Rental deal.

Regardless of which one you pick, they are all good offers.

Lucky Seven Monday Article: “Transcendence progress made buzz again! Highlights and report” been out for a week now.

And TELOSNEWS.COM is still not telling you about Todays Monday Article, which isn’t out yet, but in case you missed the previous week’s Monday Article by Lucky Seven, then now is a good time to read it before he releases today’s article.

While TELOSNEWS.COM was a bit away for the last two weeks, Lucky Seven happened to be writing about the latest Transcendence progress, therefore keeping you guys updated on things which TELOSNEWS.COM wasnt during this time.

This article covers news about Polispay, Whitebit Exchange, Update on Future Blueboxes, MNO having added all Telos Tiers, Cryptocurrency checkout, and Midas Investment.

So there, go and read for yourself:

CryptoAcid

Publish0x

Minds

Steemit

Medium

Polispay adds Telos

About a week ago Polispay added Telos to their supported coins.

Polispay is pretty useful service providing not that many use cases, but those few are very good and well connected together, and after studying a bit about Polispay, it is no wonder Pascal wanted to co-operate with them since, indeed, they do seem to be having some very similar goals as Pascal has in payment area.

First of all, Polispay has a wallet that can hold multiple currencies in it. Nothing new there, there have been them before too.

However, this wallet then makes it possible to have its “Shift” system, which is actually an instant conversion/trade to other coins. Basically a feature that normally Exchanges have, but one that is now applied to a wallet.

Normally when you want to buy some BTC with Litecoins for example, it would take 10 minutes for Bitcoins to arrive at you if things work right, and if not, it could take even a day as have happened with Bitcoin couple of times. However, using Polispays Shift system you will instantly get your BTC to your wallet ready to use.

Having basically an instant payment system in place, this would naturally make a basis for an e-commerce payment system, which Polispay indeed is making right now, making it possible for you to add polispay merchant system as a payment option, and therefore enabling you to sell your stuff on your website against Telos coins for example.

This merchant system is not completely ready yet, but there is already a demo store showing it, so I suppose we might be talking of only of weeks before this Merchant system is ready to use. Of course, at first it won’t have all the features they plan it to have, but I am sure they will be working hard to get the rest of the features set up in relatively short after.

Also, this merchant solution is not limited to just e-commerce, but you could also use this in Brick and Mortar stores to accept for example Telos coins for payment.

Another interesting possibility this Shift system makes possible is the Credit Card system.

And yes, Polispay already has a Polispay Credit Card, a Mastercard to be more precise.

We are not yet there where Crypto enthusiasts have been dreaming of where you can just hold your Telos in your Wallet/Card, go to the grocery store, and use your Cryptos to pay your purchases, but Polispay makes us get pretty close to that already.

You are still not able to use your Cryptos directly to buy your groceries but with polispay, all you have to do is to open your polispay wallet cellphone app and choose to “charge” your credit card. This Charging in practice means that you choose to charge for example 10 000 Telos coins to your credit card, which in practice means that your 10 000 Telos would be sold against FIAT of your choice instantly, and then this FIAT amount could be used with that card anywhere where Mastercards are accepted.

In other words, due to the instant nature of sales happening immediately in polispay with Shift. with one extra step, you are practically able to buy groceries with your Cryptos in any place where Mastercard is accepted.

If the card or merchant options are not interesting to you, then Polispays Vouchers that have been provided in co-operation with Bitcou Gmbh might interest you instead. You can buy Gift Cards to Nintendo eShop, Playstation, or XBOX even, and to make most of the stuff available to you, there are also Amazon gift cards available among others.

Paying these Gift Cards has been made easy. You can buy them against any supported Cryptocurrency, that includes Telos too, and you could as example simply use your cellphone to open menu option from polispay wallet where you can buy these gift cards.

As is usual in the crypto world, Polispay has its own Polis coin as well. Nothing unusual there. POS system, so you can add Polis nodes, which I think Pascal already mentioned will come in future as options to both Peertoro and Blueboxes.

Polis coins will be used for example to pay fees that come from using Polispay Credit Card, Fees that will all be payable only with Polis coins.

Not at all a bad addition to Telos options this one!

Bluebox: Upcoming changes – Bluepool, More Nodes, -30% discount when buying with Telos, Rewards page updated

Some changes are about to come to Blueboxes, mainly affecting the future Blueboxes, not so much the current ones.

First of all, the price of the co-location service is about to go up from 10 Eur pricing to 30 Euros.

That is still not much, since, after all, you are getting free electricity, maintenance and all, not to mention that might well be that just sending that Bluebox to your house could cost more than that, so still dirt cheap, no change in there.

Another change coming is that if you pay your order with Telos, you will get 30 percent discount on the price of a Bluebox, this, however, does not apply to the rental deals, only if you buy the box straight away. This actually makes the difference between rental and direct buy go quite much bigger now, as before you were basically paying roughly 20+ percent extra, while now you would be paying about 50 percent extra using rental compared to direct buy with Telos.

There is slight unclarity in the announcement, but as far as I recall this has been talked before too, and therefore not just future Blueboxes, but all Blueboxes, even the already existing ones, will get access to so-called Bluepool.

So far Bitcoins Subsidium has been mined individually by each Bluebox, but in future this mining will be done through a pool called Bluepool. Then every box will get an equal share of mining rewards.

This is however not all. As you should be aware by now if you been reading previous articles in TELOSNEWS.COM, xminers are about to come and make blueboxes efforts quite ridiculous compared to them as one xminer mines Bitcoin Subsidium with the same speed as 320 Blueboxes was Pascals estimation.

Does this mean there is no point in mining with Blueboxes anymore? No. Because Bluepool will have so-called bubble miners, which will be having roughly 20 percent of the total Bluepools mining power, and this 20 percent is divided equally between all devices. So no matter if you are using more or less powerful miner, you will be getting an equal share from that 20 percent.

Yes, this does mean drop to 1/5th of what you are getting during current pre-mine since right now 100 percent is shared between blueboxes, although independently, but it is still quite nice that they are taking care of the small ones too and even in future giving a decent share to small ones, which in this case are blueboxes, as well.

Since people have naturally been asking about how much rewards a bluebox gets, the rewards page has been updated as well.

And regarding rewards, you will be able to affect the amount a bit as starting from next batch you can order more nodes to your Blueboxes, up to 64 with full-on nodes or 32 if using 50/50 split between nodes and mining. Notice however that this option is available only if you pay your Bluebox with Telos, meaning it isn’t available through the rental deal.