Just a disclaimer again: This article is a product of my own thinking and minimum research activity so I'm not saying and claiming that everything I say here is true. It is all up to your discretion to believe or not some of the information regarding the remaining Bitcoin Cash funds on both of these platforms, read and noise.
It was last May 22, 2022, when I received the last payout from my accumulated tips on the noise.cash platform and after not receiving any additional tips on the next day, May 23, 2022, until this time of writing, some thoughts have been running in my mind, like what I have elaborated in my recent article titled "Is This The End of Noise.Cash?"
I guess most of you have been aware of the fact that the Bitcoin Cash funds being distributed on noise.cash and also on read.cash is only limited, which is why I believe that these two platforms that we love will bound to stop working one day when the BCH funds are all given away already.
While I believe that all of us want these sites to keep running forever, it is not a secret that the developers don't have any plans to keep sustaining the platforms to give away more Bitcoin Cash when the funds have already dried up as they have already mentioned before that the only purpose of these sites is to spread awareness about the word of Bitcoin Cash, to onboard as many users and believers into the BCH community, and I think they have achieved that purpose as well. Even the talking-head once said that noise.cash and read.cash is like the "modern faucets" of Bitcoin Cash, where we can earn some BCH by doing some work or tasks and that is to write articles on read and to make short posts on noise. Because that is how Bitcoin Cash works. BCH is a "proof-of-work" blockchain network and cryptocurrency.
Some of the other users who have been reading my articles since I got on this platform last September 06, 2020, probably noticed that I have been writing about the Bitcoin Cash funds so many times already as I keep tracking it. Because like most of you, I also want these platforms to keep running forever.
It all started when I wrote the article, "Get a Share of Bitcoin Cash From the Fund: Keep Writing" more than a year ago where I motivated the other users to keep writing articles on read.cash because the BCH funds on read have reached up to 7-digit or more than 1 Million Dollars. And it is all thanks to the generosity of Mr. Marc De Mesel as he donated all the funds himself. Luckily, that article was also noticed by the legend himself, and blessed my work with a $100 worth of BCH Tip.
And just more than 4 months ago, I have made an update about the BCH fund on read.cash through the article I've written titled "Until the Bitcoin Cash Funds Run Out" where I have shared my little computation about how long will the funds last and based on my computation there, during the bull run, I concluded that the site will still keep paying us with BCH until the next 5 and a half years, or until the year 2026 to 2027, or more than 4 years from now. However, because the price of BCH kept dumping, I made another computation and I said that the robot will need about 867.5 days more or around 2.37 years to distribute the remaining funds. This means that read.cash writers will still get to enjoy writing until May or June 2024, which I guess will be just in time for the next crypto bull cycle.
And because we all know that read and noise won't last forever, I have also shared my backup plans about a month ago through another article that I published titled "My Plan B When It's Time To Say Goodbye To Rusty". And now, I feel like I'm left dumbfounded trying to analyze and conclude that the end of these two platforms is near.
The Remaining Noise BCH Fund:
I was about to sleep last night when I came across the noise post of @Eybyoung regarding the noise.cash BCH fund since she's also been thinking about it for a while and she included there a photo of the BCH balance of the noise.cash wallet. The wallet that pays out all of our accumulated tips. And this gave me the idea to actually just check the wallets to answer my own question if there are still BCH Funds left or not.
So I immediately opened my noise.cash wallet on my Bitcoin.com app to check one of the transactions on the blockchain explorer and to locate the original wallet of noise where my tips came from. And there I found out that noise.cash has already been spent and given away 10,772 BCH or about $6,124,845 worth of BCH tips since it was launched on the evening of December 24, 2020. And as you can see, the wallet balance only now has 0.44 BCH, or about $81.47.
Noise Wallet:
qruth2mc7ywenjevgq7qex9vpqqken9duu2prg8v83
The Remaining Read BCH Fund:
Because I also wanted to check about the remaining BCH fund of this blogging platform, I also opened my read.cash wallet on my Bitcoin.com app and did the same thing. I opened one of the transactions on the blockchain explorer and located the main BCH Wallet of read.cash that gives away tips from our very own Random Rewarder.
And this is what I found out. The read.cash blogging site has already given away a total of 354,371 BCH or about 137 Million Dollars since it was launched last October of 2019 or for almost 3 years. And the wallet balance of read.cash only now has around 33.21 BCH or $6,085.17. This means that read will only keep paying until the next 12 days if the Robot distributes $500 worth of BCH per day.
Read Wallet:
qzmfrmmffajrsg3343xjfmptutflngqqc53dwe64q7
I know some or even most of you won't believe and be in denial about everything I have said here. I myself couldn't sleep last night after finding out about these wallets because I don't want these two platforms to end. I still have a lot of goals that I want to achieve and these platforms could help me attain them. Although I get "writer's block" sometimes, I know that I still have a lot of topics to talk about. And although it's as if I'm always babbling on noise.cash about almost anything, I still want to be in touch with other users there. So I can only hope that what I've found out is just the tip of the iceberg.
PS. The purpose of this article is not to create and spread Fear, Uncertainty, and Doubt (FUD) about these platforms. But I just want to share the information that I have found out. And it's up to you to believe them or not. What I'm sure of now is that I'll keep using these platforms until I couldn't access them anymore. I'll always be here for BCH!
PPS. The value of the total spent on these wallets is not "accurate" since some of us probably know how the blockchain works, and that is it keeps adding up every time you make a transaction but the wallet balance is accurate.
It should not be difficult to predict that the situation in noise.cash will be reflected here. Looking at the elapsed time, the fact that no new funds were added may indicate the correctness of the feared. It looks like a similar probe might apply to read.cash. Hope we are wrong!