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read.cash is a platform where you could earn money (total earned by users so far: $ 291,934.65).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
The statements below cover transactions up to and including on 3 September 2020.
2144.54018089 BCH was held by the project at the time of writing. This represents an increase in available funds of almost 98% since the previous report in July, even counting in expenses since. This was due to a very generous anonymous donation received in August 2020 (see Income section below for details). Overall this puts the project in a very good financial state.
All expenses below fall within the scope of our funding proposal (link above). Since project start, a total of 189.35026424 BCH has been spent so far, broken down as indicated. About 56% (~105.8 BCH) of the total expense amount has been spent since the last report .
Currently BCHN derives all its income from donations.
The donations below include those made directly to our project donation address and those forwarded from tips on this site.
A total of 2333.89044513 BCH had been received in donations since the start of the project in February 2020. About half of that was raised via a Flipstarter campaign which successfully completed on 26 April, yielding 978 BCH in funding for BCHN's initial project proposal. Another 1000 BCH was received in an anonymous donation in August 2020 (thank you!)
There are many other anonymous donations making up the remainder, but some of our biggest known donors include ASICseer.com and Marc de Mesel.
Below are the project's expenses since the last overview. The mining fees have been excluded. These are the network fees paid by BCHN when transacting on the Bitcoin Cash network, totalling only 0.00018678 BCH or less than 10 US cents for ALL financial transactions conducted by the project in its life up to now!
In the last two months since the last report, BCHN activity was focused intensely on resolving the DAA replacement specification and implementation ahead of the August 15 feature freeze for November. The DAA replacement task was concluded in August with the ASERT algorithm being scheduled for November 2020 deployment.
DAA review/development related payments were made at the beginning of September, at the end of that development task.
Further, two code review bounties were awarded in August for reviews of the ASERT implementation in BCHN.
Backport related work comprised the second largest expense during the last two months, with translation and public relations costs making up the remaining expenses.
Block explorers may show a slightly lower amount for the main wallet address prnc2exht3zxlrqqcat690tc85cvfuypngh7szx6mk (2,144.53942266 BCH at block 651,190).
This is because a small amount in donations (currently 0.00075823 BCH) are stored on a subsequent address (pp03e95qz7yene7v4vdx2vfsqx4qsq4wfvw8z3pkjf) in BCHN's multi-signature wallet which was issued to Coin.dance who are collecting donations on behalf of node client projects. They requested this separate address for their own accounting purposes. BCHN will probably periodically receive some donations coming in from there - should significant amounts accrue, they will eventually be moved to the main wallet, but the report (as above) will reflect the total donated amounts on both our main and this secondary address.
Currently, the project has received and is holding a donation of 2,000,000 SPICE 🌶️ on that address.
A few other unknown tokens have been sent to the address.
As we conduct our payments exclusively in Bitcoin Cash up to now, we have yet to set up a ledger file to account for token holdings. We may do so for main tokens like SPICE, but not generally for all random tokens sent our way, as this would be a way to spam the project.