Author Topic: [Witness Proposal] bitspark-delegate Professional Team for Block Production  (Read 619 times)

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Offline George_Bitspark

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Introduction:

Today I am presenting to the Bitshares community our proposal for your consideration as a block producer (witness). As you may know, Bitspark (Bitshares account: bitspark-delegate) is also a current member of the Committee (https://bitsharestalk.org/index.php?topic=28395.0) and we operate the Sparkdex gateway at https://dex.bitspark.io. We have also have a custodial web and mobile app which includes fiat deposits and withdrawals in a number of currencies and countries at https://www.bitspark.io/.

We have demonstrated a commitment to the Bitshares ecosystem for a while now and started running our API node SparkHK last year for Sparkdex users. We own all of our own infrastructure as dedicated servers and as a for-profit company we have a vested interest in making sure uptime is as close to 100% as possible. We have a dedicated tech team available to maintain and update our infrastructure as necessary and we do this on a daily basis as part of our business operations anyway.

We recently were voted as block producer on testnet and currently have 5 missed block so far, you can check here: https://testnet.bitshares.eu/explorer/witnesses.

We will focus on block production only at the moment. Regarding price feeding, we may look to provide price feeds in future for committee assets but all formulas to derive prices will be public via our github: https://github.com/Bitsparkltd/bitshares-pricefeed-ruby just like our existing price feeding for Stable.PHP. There will be no manipulation of price feeds by bitspark-delegate, we do not care what some people say should be ‘consensus’ as the whole point of price feeds is to have a diverse set of witnesses providing a diverse set of prices converging on the true value of an asset. Prices fed should reflect the real value of BTS relative to that asset and we use the common principle used in institutional markets for pricing assets as using the ‘most liquid market’ principle when pricing BTS. 

We therefore hope you will consider voting for bitspark-delegate as a witness and we will provide updates to this post.

Current Server setup:
 
Block Production:
Type: Dedicated
Processor: Intel Core i7-6700
CPU Cores: 4
RAM: 64GB DDR4
Disk Space: 2x 512 GB NVMe SSD
Connection: 1 Gbit/s port
Location: Germany

Type: Dedicated
Processor: Intel Core i7-6700
CPU Cores: 4
RAM: 64GB DDR4
Disk Space: 2x 512 GB NVMe SSD
Connection: 1 Gbit/s port
Location: Finland

API Node:
Processor: Intel Xeon E5-2650 v4
CPU Cores: 12
RAM: 128GB DDR4
Disk Space: 4x480 GB SSD
Connection: 1 Gbit/s port
Location: Hong Kong
wss://ws-dex.bitspark.io

Value add to Bitshares community:

* Dedicated infrastructure
* Professional tech team maintaining infrastructure
* Track record and involvement in Bitshares on testnet
* Engaged in on-chain governance of Bitshares
Bitspark- Cash to Cryptocurrency

Offline xeroc

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Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Online pc

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Excellent, thanks George!
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de

Offline blockchained

We need more witnesses who opposed to fake feeds! Voted!

Offline Fox

Support. Really appreciate the transparency on intentions regarding price feeds. Your focus on block production is welcomed.
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Offline Imm_Ortal

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Support granted. I'll check if my proxy is voting you in. Otherwise I'll do it direcly.

Offline abit

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The hardware seems far overweighted.
150G Disk / 8G RAM / Dual-core is good enough for block production so far.
Having more RAM could be useful when the network is being flooding though.
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Offline George_Bitspark

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Appreciate the support we have so far.
Bitspark- Cash to Cryptocurrency

Offline liondani

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