diff --git a/Makefile b/Makefile
index 75aef7f3c..ae049d008 100644
--- a/Makefile
+++ b/Makefile
@@ -9,8 +9,9 @@ BINDATA := $(shell find conf | sed 's/ /\\ /g')
 STYLESHEETS := $(wildcard public/less/index.less public/less/_*.less)
 JAVASCRIPTS :=
 
-LDFLAGS += -X "code.gitea.io/gitea/modules/setting.BuildTime=$(DATE)"
-LDFLAGS += -X "code.gitea.io/gitea/modules/setting.BuildGitHash=$(SHA)"
+VERSION = $(shell git describe --tags --always | sed 's/-/+/' | sed 's/^v//')
+
+LDFLAGS += -X "main.Version=$(VERSION)"
 
 TARGETS ?= linux/*,darwin/*,windows/*
 PACKAGES ?= $(shell go list ./... | grep -v /vendor/)
diff --git a/main.go b/main.go
index 338340008..620378491 100644
--- a/main.go
+++ b/main.go
@@ -18,7 +18,7 @@ import (
 )
 
 // Version holds the current Gitea version
-const Version = "0.9.99.0915"
+var Version = "1.0.0+dev"
 
 func init() {
 	runtime.GOMAXPROCS(runtime.NumCPU())
diff --git a/modules/setting/setting.go b/modules/setting/setting.go
index 7e3bfb47b..ece149a0c 100644
--- a/modules/setting/setting.go
+++ b/modules/setting/setting.go
@@ -53,10 +53,6 @@ const (
 
 // settings
 var (
-	// BuildTime information should only be set by -ldflags.
-	BuildTime    string
-	BuildGitHash string
-
 	// AppVer settings
 	AppVer         string
 	AppName        string
@@ -642,11 +638,6 @@ var logLevels = map[string]string{
 func newLogService() {
 	log.Info("%s %s", AppName, AppVer)
 
-	if len(BuildTime) > 0 {
-		log.Info("Build Time: %s", BuildTime)
-		log.Info("Build Git Hash: %s", BuildGitHash)
-	}
-
 	// Get and check log mode.
 	LogModes = strings.Split(Cfg.Section("log").Key("MODE").MustString("console"), ",")
 	LogConfigs = make([]string, len(LogModes))