The Bitcoin Cash Node (BCHN) project practices and promotes transparent reporting.
Project funds are held by team members in a 3-of-5 multi-signature wallet.
This wallet is used to receive donations and pay for project expenses (general funding of BCH Node operations, including personnel, equipment and contracting).
All our spending transactions are on the Bitcoin Cash (BCH) blockchain except when we dispose of airdropped equity caused by fork coins which we convert into BCH.
We use open source wallet software (Electron Cash) and maintain our accounts using plain text accounting in a ledger file which is part of the public project management repository on GitLab.
Based on this public ledger, the project can account for all its income and expenses and produce financial reports using auditable open source software.
Please refer to the Links section at the bottom for links to previous financial reports.
The statements below cover transactions up to and including on June 10, 2021 (more precisely, up to block
3957.65628515 BCH was held by the project at the time of writing. This represents an decrease in available funds of about
59.16 BCH since the previous report in April 2021. The project remains in an excellent financial state.
All expenses below fall within the scope of our funding proposal (link above). Since project start, a total of
591.88857884 BCH has been spent so far, broken down as indicated.
0.13095132 ABC bchabc
3957.65628515 BCH bitcoincash
591.88857884 BCH expenses
536.23495784 BCH development
87.97578591 BCH backporting
40.54174199 BCH bounty
0.25000000 BCH doc
0.50000000 BCH feature
6.09334702 BCH review
11.00000000 BCH security
6.75000000 BCH test
15.94839497 BCH website
62.65460295 BCH daa
315.40196352 BCH general
5.48696844 BCH general verification
24.17389503 BCH website
6.80363425 BCH flipstarter
9.42064836 BCH general
7.94961242 BCH i18n
7.98748784 BCH infrastructure
0.00789288 BCH bch
0.00705620 ABC bchabc
45.40359841 BCH pr
43.40359841 BCH representative
2.00000000 BCH video
2.25464187 BCH translation
-4389.94333004 BCH donation
-0.16616520 ABC donation_replay
-2063.99958445 ABC equity:abc_fork
Currently BCHN derives its income mainly 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
4389.94333004 BCH had been received in donations since the start of the project in February 2020. About 22% of that was raised via the original Flipstarter campaign which successfully completed on 26 April 2020, yielding
978 BCH in funding for BCHN's initial project proposal.
1000 BCH was received in an anonymous donation in August 2020, another
1000 BCH in January 2021 and a
1000 BCH more in February 2021. The remainder was received from several business and personal donations.
There are many other anonymous donations making up the remainder, but some of our biggest known donors include ASICseer.com, Marc de Mesel and Georg Engelmann.
We thank everyone who has generously donated to us during the time since our last report.
Below are the project's expenses since the last overview on April 17, 2021. They amount to
59.24736180 BCH over that period. The mining fees have been excluded.
2021-04-30 ex:pr:representative 1.32696391 BCH
2021-04-30 ex:development:general 8.81104034 BCH
2021-05-03 ex:development:general 0.40281974 BCH
2021-05-03 ex:development:general 3.39805825 BCH
2021-05-05 ex:development:general 0.58920000 BCH
2021-05-09 ex:development:general 2.50000000 BCH
2021-05-10 ex:development:general 7.09795524 BCH
2021-05-14 ex:development:bounty:test 0.50000000 BCH
2021-05-31 ex:development:general 4.67153280 BCH
2021-06-01 ex:pr:representative 1.81159420 BCH
2021-06-01 ex:development:general 10.14492800 BCH
2021-06-01 ex:development:general 9.55882350 BCH
2021-06-04 ex:development:general 8.43444582 BCH
In the time since the last report, BCHN activity was focused on the May 15, 2021 upgrade, further DSProof work, draft implementation of some CHIPs, general optimization, bug fixing and user support.
One test development bounty of
0.5 BCH was awarded in this period.
3.13855811 BCH were spent on public relations, covering two monthly payments to our representative.
56.10880369 BCH were spent on client software development and maintenance.
These are derived from hledger tool's statistic report.
Main file : bchn.journal
Included files : prnc2exht3zxlrqqcat690tc85cvfuypngh7szx6mk.journal
Transactions span : 2020-02-22 to 2021-06-06 (470 days)
Last transaction : 2021-06-05 (6 days ago)
Transactions : 2357 (5.0 per day)
Transactions last 30 days: 13 (0.4 per day)
Transactions last 7 days : 3 (0.4 per day)
Payees/descriptions : 1
Accounts : 25 (depth 4)
Commodities : 3 (, ABC, BCH)
On November 15, 2020, Bitcoin ABC created a spin-off currency by forking away from the Bitcoin Cash (BCH) currency.
This new coins is referred to as 'ABC' or 'bchabc' in our ledger files.
The BCHN project received an amount of ABC's coin equal to the amount of BCH held in our wallet at the time and entirely converted these (approx.
2064 ABC coins at the time) into around
159.6 BCH by November 19, 2020.
Since then, the project holds virtually no more ABC coins except a minimal amount which has been received since due to replaying of regular donations made to our BCH wallet (the 'donation_replay' income position).
If ABC coin donations reach a significant amount, the project may convert them to BCH in the future as it does not intend to hold them. At time of this report the ABC coin holdings amounted to less than
5 USD, the decrease from the last report being due mostly to a price decrease of the ABC coin.
The project has a SimpleLedger (SLP) token donation address.
Currently, the project has received and is holding donations of 2,000,000 SPICE 🌶️ , 1,000 USDt and few other 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.
Previous financial overviews:
Flipstarter funding proposal:
Getting in touch with BCHN: