@bitcoincashnode 10 January 2024 more from that month

BCHN Financial Report 2023-12-31

The Bitcoin Cash Node (BCHN) project practices and promotes transparent reporting. Project funds are held 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 equipment and contracting). https://bitcoincashnode.org/#donate All our spending transactions are on the Bitcoin Cash (BCH) blockchain except when we dispose of non-BCH coins, received through airdrops or other means, which we may 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. https://www.electroncash.org/ https://plaintextaccounting.org/ https://gitlab.com/bitcoin-cash-node/bchn-project-management/bchn-pm-public/-/blob/master/finance/bookkeeping/bchn.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 2023-12-31 The statements below cover transactions up to and including on December 31, 2023 (more precisely, up to block `826,141`). `2620.40438884` BCH was held by the project at the time of writing. This represents an decrease in available funds of `568.52685304` BCH since the previous report in December 2022. The project remains in a good financial state. Since project start, a total of `3147.56910101` BCH has been spent so far, broken down as indicated. assets:crypto 0.13141780 ABC bchabc 2620.40438884 BCH bitcoincash 3147.56910101 BCH expenses 2638.55900700 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 2406.37508226 BCH general 5.71632624 BCH general verification 35.29546765 BCH website 6.80363425 BCH flipstarter 20.54222098 BCH general 7.94961242 BCH i18n 249.75377220 BCH external:verification:scaling 7.98748784 BCH infrastructure 5.10000000 BCH marketing mining fees 0.00971673 BCH bch 0.00705620 ABC bchabc 243.90447537 BCH pr 241.90447537 BCH representative 2.00000000 BCH video 2.25464187 BCH translation income -5603.27196254 BCH donation -0.16663168 ABC donation_replay -5.09999336 BCH refund:marketing -2063.99958445 ABC equity:abc_fork Funds Currently BCHN funds derive entirely 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 `5.85342797` BCH in new donations was received during this reporting period. No further XEC (eCash) was received in this reporting period as a result of replayed BCH donation transactions. A total of `5608.3719559` BCH had been received in donations since the start of the project in February 2020. About 17% 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. Thereafter some big anonymous donations have been received: 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 `1000` BCH in August 2020 `1000` BCH in January 2021 `1000` BCH in February 2021 `1000` BCH in November 2021 `200` BCH in May 2022 The remainder was received from several business and personal donations. Some of our biggest known donors include ASICseer.com, Marc de Mesel, Georg Engelmann and 'zveda'. We thank everyone who has generously donated to us during the time since our last report. Expenses Below are the project's expenses since the last overview on December 8, 2022. They amount to `569.27903616` BCH over that period, or about `47.44` BCH / month (compared to ~ `208` BCH / month over the previous report's period). The mining fees have been excluded. 2023-01-01 ex:development:general 55.67063697 BCH 2023-01-01 ex:development:general 3.88601036 BCH 2023-01-01 ex:pr:representative 12.95336788 BCH 2023-01-01 ex:development:general 14.24870466 BCH 2023-01-02 ex:development:general 12.56281400 BCH 2023-02-01 ex:development:general 2.83961835 BCH 2023-02-01 ex:development:general 9.46396123 BCH 2023-02-01 ex:development:general 39.75164685 BCH 2023-02-01 ex:pr:representative 9.50570342 BCH 2023-02-08 ex:development:general 0.47348485 BCH 2023-03-01 ex:development:general 3.73217884 BCH 2023-03-01 ex:development:general 12.12777072 BCH 2023-03-01 ex:development:general 55.98686174 BCH 2023-03-01 ex:pr:representative 9.32835821 BCH 2023-03-30 ex:development:general 7.74793388 BCH 2023-03-31 ex:development:general 38.21399839 BCH 2023-03-31 ex:development:general 7.99424414 BCH 2023-04-02 ex:pr:representative 10.00000000 BCH 2023-05-01 ex:development:general 2.13821416 BCH 2023-05-01 ex:development:general 5.33504054 BCH 2023-05-01 ex:development:general 53.35951506 BCH 2023-05-03 ex:pr:representative 10.63829787 BCH 2023-05-31 ex:development:general 1.11607140 BCH 2023-05-31 ex:pr:representative 11.16071429 BCH 2023-05-31 ex:development:general 36.47537359 BCH 2023-07-01 ex:development:general 6.96864111 BCH 2023-07-02 ex:pr:representative 4.29553265 BCH 2023-08-01 ex:development:general 2.06296158 BCH 2023-08-01 ex:pr:representative 5.14403292 BCH 2023-08-31 ex:development:general 0.29223359 BCH 2023-08-31 ex:pr:representative 6.03864734 BCH 2023-08-31 ex:development:general 25.14247401 BCH 2023-09-06 ex:development:general 3.25520833 BCH 2023-10-01 ex:development:general 22.20624312 BCH 2023-10-02 ex:pr:representative 5.12295082 BCH 2023-11-01 ex:development:general 29.95867768 BCH 2023-11-01 ex:development:general 7.26141080 BCH 2023-11-01 ex:development:general 0.52098528 BCH 2023-11-02 ex:pr:representative 5.35331910 BCH 2023-12-01 ex:development:general 6.67735042 BCH 2023-12-01 ex:development:general 6.67675598 BCH 2023-12-01 ex:pr:representative 5.59109003 BCH In the time since the last report, BCHN activity was directed towards: review and implementation of CHIPs and related application changes for the May 2024 Bitcoin Cash network upgrade bug fixing optimization improvement of tests and benchmarks code cleanup general backports user support No bounties were awarded in this period, but a bounty process is in development. `95.13201453` BCH were spent on user relations, covering twelve monthly payments to our representative. `474.14702163` BCH were spent on client software development and maintenance. 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 prnc2exht3zxlrqqcat690tc85cvfuypngh7szx6mk_replays_to_abc.journal Transactions span : 2020-02-22 to 2023-12-21 (1398 days) Last transaction : 2023-12-20 (19 days ago) Transactions : 2618 (1.9 per day) Transactions last 30 days: 2 (0.1 per day) Transactions last 7 days : 0 (0.0 per day) Payees/descriptions : 1 Accounts : 28 (depth 4) Commodities : 3 (, ABC, BCH) BCHA (XEC) policy Since converting its BCHA (now: XEC) holdings into BCH in November 2020, the project holds virtually no more ABC / eCash 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). As income from XEC transactions has been dormant over this entire reporting period, and our XEC coin holdings at this time still amount to less than `4` USD. If there is no significant change in XEC holdings or income during the next reporting period, the next report may omit XEC balances entirely due to being negligible and not worth tracking in detail, especially as we do not use the coin for payments. As before, should we receive significant ABC coin donations, the project may convert them to BCH as it does not intend to hold them. Ceasing use of SLP In the past, the project has used a SimpleLedger (SLP) token donation address (please refer to previous financial reports). With the advent of miner-validated CashToken on Bitcoin Cash, we have decided to deprecate our SLP donation address and we will not attempt redeem any tokens currently held there. Only CashToken donations will be considered going forward. CashTokens For those wishing to donate any tokens other than BCH to the project, we ask that you only do so using CashTokens (not SLP, not tokens on SmartBCH). The token-aware version of our main donation address is: `bitcoincash:rrnc2exht3zxlrqqcat690tc85cvfuypngs5ruguy9` We gratefully acknowledge the receipt of some CashTokens which people have kindly sent to us (including `100K` DOGECASH, `0.01` WBCH, a BCH Guru NFT and a Dragon Ball NFT). We conduct our payments exclusively in Bitcoin Cash up to now, and that is most directly practical and valuable to the project. At this point, we do not intend to systematically report and track CashTokens donated to us as they mostly remain dormant and we do not spend time exchanging them for other assets. We may do so in future for tokens that acquire significant value or utility to the project, but not generally for all CashTokens sent our way, as this would be a way to consume significant project resources. Other sidechains / token systems The project does not at this time keep a SmartBCH account, or use other tokens than the ones mentioned above. We will keep you informed of developments and post any related information should we decide to accept donations in other tokens in future. 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 https://read.cash/@bitcoincashnode/bchn-financial-report-2020-06-03-d2a0232f BCHN Financial Report 2020-07-07 https://read.cash/@bitcoincashnode/bchn-financial-report-2020-07-07-d04c7e65 BCHN Financial Report 2020-09-03 https://read.cash/@bitcoincashnode/bchn-financial-report-2020-09-03-a477d4e2 BCHN Financial Report 2020-10-20 https://read.cash/@bitcoincashnode/bchn-financial-report-2020-10-20-85ecb54c BCHN Financial Report 2020-12-05 https://read.cash/@bitcoincashnode/bchn-financial-report-2020-12-05-db64dbdf BCHN Financial Report 2021-02-08 https://read.cash/@bitcoincashnode/bchn-financial-report-2021-02-08-ae9d834d BCHN Financial Report 2021-04-17 https://read.cash/@bitcoincashnode/bchn-financial-report-2021-04-17-d849b874 BCHN Financial Report 2021-06-11 https://read.cash/@bitcoincashnode/bchn-financial-report-2021-06-11-b114bb7c BCHN Financial Report 2021-11-24 https://read.cash/@bitcoincashnode/bchn-financial-report-2021-11-24-2fd7a1a4 BCHN Financial Report 2022-06-07 https://read.cash/@bitcoincashnode/bchn-financial-report-2022-06-07-64434232 BCHN Financial Report 2022-12-08 https://read.cash/@bitcoincashnode/bchn-financial-report-2022-12-08-90a59e3a 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) 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 Release mirrors 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 Follow us on Reddit: https://www.reddit.com/r/bchnode 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