@bitcoincashnode 20 October 2020 edited more from that month

BCHN Financial Report 2020-10-20

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). https://bitcoincashnode.org/#donate All our transactions are on the Bitcoin Cash (BCH) blockchain. 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. https://www.electroncash.org/ https://plaintextaccounting.org/ https://gitlab.com/bitcoin-cash-node/bchn-project-management/bchn-pm-public/-/blob/master/finance/bookkeeping/prnc2exht3zxlrqqcat690tc85cvfuypngh7szx6mk.journal 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. Project account details as of 2020-10-20 The statements below cover transactions up to and including on October 20, 2020 (more precisely, up to block 657,989). `2109.93838878` BCH was held by the project at the time of writing. This represents a decrease in available funds of about `36.1` BCH since the previous report in September. The project remains in a very good financial state. All expenses below fall within the scope of our funding proposal (link below). Since project start, a total of `277.43677588` BCH has been spent so far, broken down as indicated. 2109.93838878 BCH assets:crypto:bitcoincash 277.43677588 BCH expenses 247.77313278 BCH development 87.97578591 BCH backporting 24.04174199 BCH bounty 0.25000000 BCH doc 0.50000000 BCH feature 6.09334702 BCH review 1.25000000 BCH test 15.94839497 BCH website 62.65460295 BCH daa 48.94642857 BCH general 5.48696844 BCH general verification 18.66760492 BCH website 6.80363425 BCH flipstarter 3.91435825 BCH general 7.94961242 BCH i18n 6.40508893 BCH infrastructure 0.00029924 BCH mining fees 21.61212791 BCH pr 19.61212791 BCH representative 2.00000000 BCH video 1.64612702 BCH translation -2387.37516466 BCH income:donation Income 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. We thank Georg Engelmann for a very generous personal donation of `50` BCH during the time since our last report. A total of `2387.37516466` 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, and the remainder is from several business and personal donations. https://bitcoincashnode.org/en/newsroom/bchn-flipstarted https://gitlab.com/bitcoin-cash-node/bchn-project-management/bchn-pm-public/-/raw/master/finance/funding/campaigns/2020-q2-flipstarter/pdf/Bitcoin_Cash_Node_Flipstarter_Funding_Proposal_v1_1.pdf 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 all our donors for their support! Expenses Below are the project's expenses since the last overview on September 3, 2020. They amount to `88.08639918` BCH over that period. The mining fees have been excluded. These are the network fees paid by BCHN when transacting on the Bitcoin Cash network, totalling only `0.00029924` BCH or less than 10 US cents for ALL financial transactions conducted by the project in its life up to now! 2020/09/04 ex:de:website:general 1.27118644 BCH 2020/09/07 ex:de:bounty:website 1.96506550 BCH 2020/09/07 ex:de:bounty:website 0.44052863 BCH 2020/09/07 ex:de:bounty:website 0.22366360 BCH 2020/09/07 ex:de:bounty:website 1.55832591 BCH 2020/09/07 ex:de:bounty:website 1.32450331 BCH 2020/09/09 ex:de:bounty:website 2.27272727 BCH 2020/09/09 ex:development:backporting 3.41071429 BCH 2020/09/09 ex:development:general 8.94642857 BCH 2020/09/10 ex:de:bounty:website 2.22222222 BCH 2020/09/10 ex:de:bounty:website 0.87336245 BCH 2020/09/11 ex:de:bounty:website 3.57941834 BCH 2020/09/18 ex:de:bounty:website 1.27118644 BCH 2020/09/20 ex:de:bounty:website 0.21739130 BCH 2020/09/27 ex:pr:video 2.00000000 BCH 2020/09/30 ex:de:website:general 2.64317181 BCH 2020/09/30 ex:pr:representative 5.53097345 BCH 2020/10/01 ex:development:general 40.00000000 BCH 2020/10/02 ex:de:bounty:feature 0.50000000 BCH 2020/10/07 ex:development:bounty:test 1.25000000 BCH 2020/10/09 ex:development:bounty:doc 0.25000000 BCH 2020/10/10 ex:infrastructure 6.33552965 BCH In the time since the last report, BCHN activity was focused on general development (with backporting activity reduced due to developer resource constraints). Several bounties were awarded in this period for website-related content imports and test and feature developments. `19.86275322` BCH were spent on website maintenance and improvement. `54.35714286` BCH were spent on client software (and documentation) development. `7.53097345` BCH were spent on public relations, including a video to introduce the team. `6.33552965` BCH were spent on project infrastructure. Basic statistics about BCHN project ledger These are derived from hledger tool's statistic report. Main file : bchn.journal Included files : prnc2exht3zxlrqqcat690tc85cvfuypngh7szx6mk.journal pp03e95qz7yene7v4vdx2vfsqx4qsq4wfvw8z3pkjf.journal Transactions span : 2020-02-22 to 2020-10-14 (235 days) Last transaction : 2020-10-13 (7 days ago) Transactions : 207 (0.9 per day) Transactions last 30 days: 17 (0.6 per day) Transactions last 7 days : 1 (0.1 per day) Payees/descriptions : 1 Accounts : 20 (depth 4) Commodities : 2 (, BCH) Notes about balances displayed on block explorers Block explorers may show a slightly lower amount for the main wallet address `prnc2exht3zxlrqqcat690tc85cvfuypngh7szx6mk` (2,109.93763055 BCH at block 657,989). 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. SLP donation address The project has a SimpleLedger (SLP) token donation address. `simpleledger:qrjv4klcn9z5kqeye3ps64pr6aa4mzux8cy776pm6k` Currently, the project has received and is holding donations of `2,000,000` SPICE 🌶️ and `1,000` USDt 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. Development bounties The project has had good experience with bountied work so far and has increased that share of its expenditure. In this last period, bounties were used to successfully source website content (importing from read.cash to the Newsroom) development of a relatively complex new functional test related to ongoing performance improvements development of a new `indexdir` feature (complete with implementation, development and documentation) requested by a user Developers who are interested in partaking in upcoming bounties, are invited to join the project Slack (link below) for announcements in the development channels and keep an eye out for Issues on GitLab marked with a `bounty` label. https://gitlab.com/bitcoin-cash-node/bitcoin-cash-node/-/issues?scope=all&utf8=%E2%9C%93&state=opened&label_name[]=bounty Links https://read.cash/@bitcoincashnode/bchn-financial-report-2020-09-03-a477d4e2#links Previous financial overviews: Financial overview in report of 14 March 2020 https://read.cash/@freetrader/bchn-lead-maintainer-report-2020-03-14-84f2992d#financial-overview Financial overview in report of 31 March 2020 https://read.cash/@freetrader/bchn-lead-maintainer-report-2020-03-31-1e0a4c39#financial-overview Financial overview in report of 15 April 2020 https://read.cash/@freetrader/bchn-lead-maintainer-report-2020-04-15-449fc115#financial-overview BCHN Financial Report 2020-06-03 (3 June 2020) https://read.cash/@bitcoincashnode/bchn-financial-report-2020-06-03-d2a0232f BCHN Financial Report 2020-07-07 (7 July 2020) https://read.cash/@bitcoincashnode/bchn-financial-report-2020-07-07-d04c7e65 BCHN Financial Report 2020-09-03 (3 September 2020) https://read.cash/@bitcoincashnode/bchn-financial-report-2020-09-03-a477d4e2 Flipstarter funding proposal: English, v1.1 (PDF) https://gitlab.com/bitcoin-cash-node/bchn-project-management/bchn-pm-public/-/raw/master/finance/funding/campaigns/2020-q2-flipstarter/pdf/Bitcoin_Cash_Node_Flipstarter_Funding_Proposal_v1_1.pdf Chinese, v1.1 (PDF) https://gitlab.com/bitcoin-cash-node/bchn-project-management/bchn-pm-public/-/blob/master/finance/funding/campaigns/2020-q2-flipstarter/pdf/Bitcoin_Cash_Node_Flipstarter_Funding_Proposal_v1_1_CN.pdf Spanish, 1.1 (mediawiki) https://gitlab.com/bitcoin-cash-node/bchn-project-management/bchn-pm-public/-/blob/master/finance/funding/campaigns/2020-q2-flipstarter/proposal/proposal-es.mediawiki **Getting in touch with BCHN:** Website: https://bitcoincashnode.org Development & support Slack chat invite link: https://join.slack.com/t/bitcoincashnode/shared_invite/zt-egg3c36d-2cglIrKcbnGpIQFaKFzCWA Telegram: https://t.me/bitcoincashnode (there is a bridge channel to our Slack) IRC channel: Join #bchnode on Freenode (we see messages on our Slack via an IRC bridge channel) https://read.cash/search?q=%23bchnode Logs of our development Slack: http://logs.bchnode.org/ Main development repository on GitLab: https://gitlab.com/bitcoin-cash-node/bitcoin-cash-node Easy download link via our website: https://bitcoincashnode.org/download.html Full releases on Github: https://github.com/bitcoin-cash-node/bitcoin-cash-node/releases Donation address: https://bitcoincashnode.org/#donate Follow us on Twitter: https://twitter.com/bitcoincashnode Image credits: Lead background image based on work by Gerd Altmann from Pixabay https://pixabay.com/users/geralt-9301/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=5180477