This article closes the series about dumping Bitcoin forks, which started with this post. In the previous instalments we introduced various ways how to claim and dump them. The most valuable forks were described in more detail. This article will sum up all the other forks I claimed and dumped, since they do not deserve their own full post.
Make sure, before doing anything, to read the safety notice in the introductory post. To be honest, none of the forks in this post are worth the time unless you have hundreds of BTC (in which case, you probably don’t need to bother anyway) or you have a lot of spare time on your hands. Or you do this for fun, like I did.
Bitcoin Pay (BTP)
BTP forked in December 2017 at block height 499345. The project website is defunct at the moment. The only difference from Bitcoin is they moved the decimal point one place, so for every 1 Bitcoin held you will be credited with 10 BTP. I used the claimer script introduced in my article about BCX. Bitpie wallet’s internal exchange supports BTP and that’s what I used.
Value extracted: 0,07%
Bitcoin World (BTW)
BTW forked also in December 2017, at block height 499777. The project website looks like every other fork homepage. If BTP gave you 10 coins for every Bitcoin, BTW will credit you with 10000. What a deal! I used Walleting Services to claim it, but you could also again use ymgve’s claimer script. I dumped it in the Bitpie wallet internal exchange, but you could also use Btctrade.im exchange. Be warned though, that this exchange requires a KYC verification before you can withdraw anything.
Value extracted: 0,05%
BitClassic Coin (BICC)
Mid-december was the Gold rush period of forks and it gave birth to BitClassic Coin (not to be confused with Bitcoin Classic). It forked at block height 498888. I was actually not able to find any difference from Bitcoin, so someone was just really lazy. Amazingly, it worked and this shitcoin has non-zero value. I claimed it using the claimer script, described in my article about BCX and dumped it on TopBTC exchange. It cannot be traded to BTC directly, you have to go thru ETH first, or withdraw ETH from the exchange and keep it, if you are into that kind of thing.
Value extracted: 0,04%
If you were following Bitcoin news in the previous year, you surely know about the scaling debate controversy. I’ll quickly summarize for those who are not familiar. For quite some time, there were two camps in the scaling debate. One side wanted to simply raise the block size, which would increase the capacity of the network somewhat, but it is argued, that this would put a lot of pressure on the individual node maintainers and many people would simply be unable to run their own node, because of lack of resources, which ultimately would lead to centralization, since the only people with enough resources to provision large servers required for running the node would be corporations. The other camp was pushing for technological advances, which would keep the blocks small, but use techniques like Segregated witness and Schnorr signatures to make the use of space more efficient and enable off-chain scaling, such as Lightning network and side-chains. The big-blockers had greatest support in miners and small-blockers were supported by large part of the community. But since the miners were the ones voting on the protocol upgrade to support Segwit, it was not getting anywhere near being activated on the mainnet.
Then came Barry Silbert with what became to be known as the New York Agreement, which brought together most of the big names in Bitcoin and had two parts: We activate Segwit now and later increase the block size, which has to be doe with a hard fork. The first part came thru and Segwit finally activated on the mainnet. Thanks to community pressure, the second part of this agreement never materialized and the hard fork was called off days before it was supposed to happen.
However, someone decided they would piggyback on the whole thing and thus came along the Segwit2X fork. At the end of 2017, at block height 501451. They increased the block size and also changed the PoW algorithm to X11. I used our good friend, the claimer script to claim mine and dumped it on the Armenian Exrates.me exchange.
Value extracted: 0.02%
Bitcoin Pizza (BPA)
This is how I imagine a conversation somewhere in a pub in China went:
“Everyone is doing forks these days. We should do one too.”> “Yea, sure, but how should we name it? I looked and all the cool names like Gold, Diamond, Hot and so on, are taken.”> “It should be something liked by everyone.”> “Monkey. Market research says people love monkeys.”> “That’s stupid, no one would buy Bitcoin Monkey.”> “How about Pizza. Everyone loves pizza. Even if it’s bad, it’s still good.”> “Sure, why not.”
Anyway, however it was done, it was created at block height 501888, the last day of 2017. Supposedly, they want to switch from blockchain based verification to Directed Acyclic Graph (DAG) sometime in the future. It’s codebase is actually forked from Bitcoin Gold, so it uses Equihash as a PoW algorithm. I claimed it using the claimer script and dumped it on CCCBTC, another Chinese exchange. The BTC withdrawal was not working, so I had to convert to Litecoin in order to get my coins out.
Extracted value: 0.02%
Bitcoin Faith (BTF)
If I can imagine a way Bitcoin Pizza was conceived, I am at loss with Bitcoin Faith. I mean… What?
Weird name aside, this your “standard fork”. You already know the type: increase capacity, add smart contracts, improve privacy, solve world hunger. Nothing special to see here. At least they had the good sense to fork at block 500000 which is easy to remember. I used Walleting Services to claim it, ymgve’s claimer script can be used too. To dump it, I used Btctrade.im.
Extracted value: 0.016% (yes, we now have to use three digits after the decimal point to distinguish between the forks)
Bitcoin Atom (BCA)
Bitcoin Atom’s killer feature is supposed to be atomic swaps, which by itself is quite interesting technology. It is enabled by Lighning network (which BCA has, since it’s a copy of Bitcoin) and allows you to atomically exchange one currency for the other. So for example two parties can exchange Litecoin for Bitcoin at an agreed rate. The interesting part is, you need two transactions on two different networks for this and you want both parties to sign them off and also you need that either they both take place or none of them does. This is possible with Lightning as it’s one of the exciting new features expected to come live in Bitcoin (or any other Lightning-enabled chain) soon. It still needs a ton of testing though.
BCA forked at block height 505888, can be claimed with ymgve’s claimer script described in my article about BCX. I dumped it at Exrates.me.
Extracted value: 0.014%
Bitcoin Interest (BCI)
The Interest in the name does not mean that it’s interesting in any way, but that it’s supposed to give you “interest” on your balance. Meaning you should gain some reward for holding it in form of mining reward portion. I am not sure how that is supposed to work and I’m not sure I want to know. One thing that is actually interesting about BCI is the fact, that they forked the Bitcoin Gold code and did not bother to implement proper replay protection. So be warned, that if you do the transaction on BCI chain, someone can take it a replay it on Bitcoin Gold chain. And unless you control the same private keys on BTG network (which, in case you use an exchange address, you most certainly don’t) your Bitcoin Gold could be lost. So I suggest you try to do anything with BCI only after you claim your BTG.
The claimer script was again used here and I dumped this on Tradesatoshi.
Extracted value: 0.010%
Bitcoin New (BTN)
I can’t believe you are still reading this, we are really scraping the bottom of the barrel here. This fork, which was created in December, has already hard forked again in March 2018, so I am not sure it’s actually possible to claim it these days. Do not confuse with New Bitcoin (NBTC), how could you, right? BTN is an example of a classical scam fork, because the creators gave 1 BTN for 1 BTC held, but actually increased the total supply to 2.1 billion and awarded 25% of this to themselves.
When it was still possible, I claimed it using our trusted claimer script and dumped it inside the Bitpie wallet.
Extracted value: 0.006%
There are many more existing forks out there, but most of them either cannot be claimed or cannot be dumped anywhere, except in an OTC trade. If you are interested in this topic, I suggest you follow the excellent Forkdrop.io website, which lists every possible fork with all available info.
I hope you found this series entertaining, if not exactly valuable. I am really glad I did it, because I learned a ton about the cryptocurrency underground but also about Bitcoin itself. With the exception of Bitcoin Cash, there is barely any real value to be extracted, to be honest. But it was fun.
The biggest surprise for me was, that people are actually willing to part with their real Bitcoin at any exchange rate at all for these shitcoins. Well, you never stop learning, I guess.
Let me know in the comments if you liked it and ask any questions about this topic you might have.