iBitHub
iBitHub
A U.S.-based cryptocurrency launched in 2018 with no ICO and no pre-mine, following the same fair-launch principles as Bitcoin's Genesis Block.
Cryptocurrency is a type of digital or virtual money that uses cryptography for security. Unlike traditional currencies issued by governments (like the U.S. dollar), cryptocurrencies operate on decentralized networks based on blockchain technology. A blockchain is a distributed ledger that records all transactions across a network of computers, ensuring transparency and security without the need for a central authority.
The first and most famous cryptocurrency is Bitcoin, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. Bitcoin introduced the concept of mining, where computers solve complex mathematical problems to validate transactions and add them to the blockchain, earning new coins as a reward. This process is called Proof-of-Work (PoW).
Creating a full cryptocurrency with its own blockchain, like iBitHub or Bitcoin, is significantly more complex and resource-intensive than creating a token. A token is typically built on an existing blockchain (e.g., ERC-20 tokens on Ethereum) and relies on that chain's infrastructure for security and operations. In contrast, developing an independent blockchain requires building consensus mechanisms, network protocols, security features, and often custom mining algorithms from scratch. This demands extensive technical expertise, testing for vulnerabilities, and ongoing maintenance to ensure network stability. iBitHub, as a standalone cryptocurrency with its own blockchain, exemplifies this higher level of development commitment.
Cryptocurrencies offer several advantages:
However, cryptocurrencies can be volatile, and it's important to research before participating. Always use secure wallets and reputable exchanges for your cryptocurrency transactions and blockchain explorations.
iBitHub (IBH) is a U.S.-based cryptocurrency that was launched in 2018. It was created as a fair-launch project, meaning there was no initial coin offering (ICO), no pre-mine, and no special allocations for founders or insiders. Instead, iBitHub followed the same approach as Bitcoin's creator, Satoshi Nakamoto, by starting with a Genesis Block and allowing anyone to mine from day one.
This fair-launch model ensures equal opportunity for all participants and positions iBitHub as a true digital asset, not a security. As a commodity-like asset similar to Bitcoin, iBitHub complies with U.S. regulations without the complexities of securities laws.
iBitHub was forked from Litecoin's codebase, incorporating the Scrypt Proof-of-Work algorithm for mining. Since its launch, the project has focused on community-driven development through GitHub. In recognition of its contributions, iBitHub's source code was archived in GitHub's Arctic Code Vault in Svalbard, Norway, a secure, climate-controlled facility designed to preserve code for up to 1,000 years. This ensures the project's longevity and allows future generations of developers and miners to access and rebuild the network if needed.
Over the years, iBitHub has expanded into gaming applications, integrating with blockchain poker and MMORPGs to provide real-world utility.
An ICO is a fundraising method where new cryptocurrencies are sold to investors before launch, often promising future value. However, many ICOs have been criticized for being unfair or even fraudulent, with founders cashing out early. iBitHub avoided this entirely by having no ICO, no coins were pre-sold or distributed unevenly. This mirrors Bitcoin's launch, promoting true decentralization and trust in the community, making iBitHub a standout fair-launched cryptocurrency.
iBitHub is built for efficiency, security, and scalability in the cryptocurrency space. Here's a detailed breakdown of its blockchain features:
| Feature | Details |
|---|---|
| Consensus Mechanism | Scrypt Proof-of-Work (PoW), forked from Litecoin |
| Total Supply | 21,000,000 IBH (hard cap) |
| Circulating Supply | 18,874,180 IBH |
| Block Time | 5 minutes average |
| Halving Schedule | Every 210,000 blocks; last halving August 8, 2025 at block 630,000 |
| Current Block Reward | 6.25 IBH |
| Network Difficulty | 2,123 |
| Block Height | 675,563 |
| Merge-Mining | AuxPoW with Dogecoin for increased mining profitability |
| Use Cases | Payments, trading, blockchain gaming rewards |
iBitHub utilizes Auxiliary Proof-of-Work (AuxPoW) for merge-mining with Dogecoin, enabling miners to secure both networks using the same computational resources.
Key Benefits:
Miner participation is essential for network strength. To mine iBitHub, use Scrypt-compatible ASICs (e.g., Goldshell models) and connect to merge-mining pools. Evaluate profitability based on current energy costs and IBH price.
Find iBitHub Mining PoolsiBitHub is available on select cryptocurrency exchanges for trading against USDT and BTC. Always use reputable platforms and secure your wallet when engaging in cryptocurrency trading.
iBitHub adds real utility through blockchain gaming, allowing players to earn and spend IBH in decentralized environments. Low fees and fast blocks make it ideal for play-to-earn models in the cryptocurrency gaming space.
This is an early-stage point-and-click MMORPG with a racing theme. Instead of traditional crime or combat schemes, players level up by building stats to make their car faster, racing against others instead of fighting. Earn in-game money that refills over time, and use it to buy upgrades like higher RPM for better performance. The game is integrated with the iBitHub blockchain, providing deposit addresses, withdrawals, a market to exchange between IBH and game money, and an in-game messaging system. These are examples that you can connect the iBitHub blockchain technology to any sort of game.
iBitHub was launched in 2018 as a fork of Litecoin, with a focus on fair distribution. No coins were pre-mined or sold in an ICO.
Using AuxPoW, miners can validate both iBitHub and Dogecoin blocks simultaneously, sharing the network increasing mining profitability.
Yes. One of the most eco-friendly ways to mine today. When you mine iBitHub, your hashrate is automatically submitted to Dogecoin and other merge-mined chains at the same time. That means every watt you use to support iBitHub also helps secure the much larger Dogecoin network and you get paid in DOGE (and sometimes other coins) for free on top of your IBH rewards. Same equipment, same electricity, double (or triple) the rewards, and a significantly lower environmental impact per coin earned.
21 million IBH, with halvings every 210,000 blocks to control inflation.
Use Scrypt ASICs on merge-mining pools. See miningpoolstats.stream for options.
iBitHub's code is archived in GitHub's vault in Norway for 1,000-year preservation.
No, it's a digital asset like Bitcoin, not offered as an investment contract.
Provably fair poker and MMORPG with racing, where you can earn IBH rewards.
On Dex-Trade and Exbitron, in USDT and BTC pairs.
A digital ledger of transactions distributed across computers, forming the backbone of cryptocurrency networks.
A consensus mechanism where miners solve puzzles to validate blocks, used in cryptocurrencies like Bitcoin and iBitHub.
An event reducing mining rewards by half to control supply and inflation in cryptocurrencies.
Mining two cryptocurrencies at once with the same work, as iBitHub does with Dogecoin via AuxPoW.
Software or hardware to store and manage cryptocurrency private keys and addresses.
The first block in a cryptocurrency blockchain, marking its launch.
A fundraising method for new cryptocurrencies, often criticized for unfair distribution; iBitHub had no ICO.
Creating coins before public launch; iBitHub has no pre-mine for fair distribution.
A mechanism allowing merge-mining, when mining iBitHub you also receive Dogecoin rewards.
A memory-intensive hashing algorithm used in iBitHub's PoW for ASIC-resistant mining.
The computational power of a cryptocurrency network, measuring mining capacity.
A gaming model where players earn cryptocurrency rewards, as in iBitHub's poker and MMORPG.
Software running on blockchain, like iBitHub's gaming integrations.