BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 231.

shorty34

newbie

Activity: 47

Merit: 0

Quote from: capulo on February 08, 2019, 05:38:24 AM

it works in ideal conditions
everybody wants more coins so they staking and staking, until... something happens
in pow you had some costs and will not be happy selling under these costs
in pos you have alsmost no costs, you can nocer stake cost by selling mined coins so then no worry about whats happens next, you will sell for ANY price with profit
thats my opinion

Agreed. PoW creates a cost base supporting market price. PoS may also do that, if the ROI is similar to USD interest rates (unfortunately many PoS coins promise crazy ROIs, which are not sustainable).

capulo

newbie

Activity: 491

Merit: 0

it works in ideal conditions
everybody wants more coins so they staking and staking, until... something happens
in pow you had some costs and will not be happy selling under these costs
in pos you have alsmost no costs, you can nocer stake cost by selling mined coins so then no worry about whats happens next, you will sell for ANY price with profit
thats my opinion

MIP

newbie

Activity: 362

Merit: 0

Quote from: capulo on February 08, 2019, 03:24:32 AM

dont forgot one think: pog is creating coins like bank of zimbabwe
do you need more coins? here you are...
with no effort, almost 0 costs of electricity, wallet could be running on few watts device
there will be more and more coins with no value, staking is no answer as it is one time thing, not repeating with new coins

why btc is still dumping? because there are lots of coins mined when value was less (e.g mined with costs ~1000/btc) so it is no problem for somebody to sell it now for 3400
same will be here if you allow low value coins (replace podc with pog)

for fun it is ok to have small pog like now and trying gamble there

It is the old discussion about PoW and PoS.

So doing PoW you are getting coins minted from nowhere in exchange of electricity/hardware that secures the chain, and with PoS you get the same minted coins from nowhere in exchange of old enough coins (staking).

PoG is a flavor of PoS with a in-build pool, but chain is still secured with PoBH.

About which system is better, everyone has an opinion more or less strong towards one or the other.

capulo

newbie

Activity: 491

Merit: 0

dont forgot one think: pog is creating coins like bank of zimbabwe
do you need more coins? here you are...
with no effort, almost 0 costs of electricity, wallet could be running on few watts device
there will be more and more coins with no value, staking is no answer as it is one time thing, not repeating with new coins

why btc is still dumping? because there are lots of coins mined when value was less (e.g mined with costs ~1000/btc) so it is no problem for somebody to sell it now for 3400
same will be here if you allow low value coins (replace podc with pog)

for fun it is ok to have small pog like now and trying gamble there

slovakia

full member

Activity: 770

Merit: 100

we see that forum.biblepay is dead for all users........many ppl using this web cos of more problems with bbp ...... and its OK by me ....

pagalo

newbie

Activity: 52

Merit: 0

Hello again.

As I said before I have multiple PCs doing SOLO mining and PODC. Every PC has the same wallet copied.
I have 2 PCs (with the same wallet as the other Solo PCs) mining on pool.biblepay.org.

For POG, should I have all PCs in a pool or I can leave them solo?
Can I have the same nickname for all the PCs or every PC should have its own nickname?

nsummy

full member

Activity: 1179

Merit: 131

This pog stuff makes absolutely zero sense. Furthermore this "leaderboard" doesn't seem to list the people in any specific order

sunk818

full member

Activity: 1176

Merit: 111

Quote from: nsummy on February 07, 2019, 11:36:30 PM

This pog stuff makes absolutely zero sense. Furthermore this "leaderboard" doesn't seem to list the people in any specific order

Do you have any specific questions? Or you're just ranting?

I've had an enhancement request to sort pogpool by block height. Would that make more sense to you?

enhancement: pogpool sort by block height
https://github.com/biblepay/biblepay/issues/69

sunk818

full member

Activity: 1176

Merit: 111

Quote from: jhft on February 07, 2019, 09:32:20 PM

Quote from: thesnat21 on February 07, 2019, 09:00:34 PM

Quote from: jhft on February 07, 2019, 08:36:48 PM

I have a problem and I will be happy to help, I downloaded Hernek but I can not get an address to start mine the coin.
Who can help?

What is hernek? ...

i dont anderstand your qustion?

this thread is for biblepay. you're at the wrong place.

jhft

newbie

Activity: 18

Merit: 1

Quote from: thesnat21 on February 07, 2019, 09:00:34 PM

Quote from: jhft on February 07, 2019, 08:36:48 PM

I have a problem and I will be happy to help, I downloaded Hernek but I can not get an address to start mine the coin.
Who can help?

What is hernek? ...

i dont anderstand your qustion?

sunk818

full member

Activity: 1176

Merit: 111

https://trade.mct.plus/coins

We are listed on MCT

thesnat21

jr. member

Activity: 490

Merit: 4

Quote from: jhft on February 07, 2019, 08:36:48 PM

I have a problem and I will be happy to help, I downloaded Hernek but I can not get an address to start mine the coin.
Who can help?

What is hernek? ...

jhft

newbie

Activity: 18

Merit: 1

Quote from: jhft on February 07, 2019, 08:36:48 PM

I have a problem and I will be happy to help, I downloaded Hernek but I can not get an address to start mine the coin.
Who can help?

pleas can i gat invetion

jhft

newbie

Activity: 18

Merit: 1

I have a problem and I will be happy to help, I downloaded Hernek but I can not get an address to start mine the coin.
Who can help?

bible_pay

full member

Activity: 1176

Merit: 215

Jesus is the King of Kings and Lord of Lords

Quote from: bbptoshi on February 07, 2019, 07:32:25 PM

does PODCupdate prioritize to use younger coins to preserve the ones with more coin age? That would be helpful for also doing POG.

If you create some bank notes with exec bankroll, we mark them for POG only. Then PODC Updates wont choose them.

sunk818

full member

Activity: 1176

Merit: 111

I have a question topic here on Reddit re: PoG. I'd love to hear everyone's thoughts on PoG: https://www.reddit.com/r/BiblePay/comments/aobo7q/what_do_you_think_of_proof_of_giving_pog/?

bbptoshi

copper member

Activity: 39

Merit: 0

does PODCupdate prioritize to use younger coins to preserve the ones with more coin age? That would be helpful for also doing POG.

sunk818

full member

Activity: 1176

Merit: 111

is there a way to prevent multiple submission of PoG tithe? Like if a tithe is in the mempool, you can prevent subsequent tithe until you get at least 1 confirmation?

bible_pay

full member

Activity: 1176

Merit: 215

Jesus is the King of Kings and Lord of Lords

Quote from: sunk818 on February 07, 2019, 07:04:50 PM

Pog difficulty 0

Is your thought is that 40 blocks and tithe=1 will have at least one tithe in that period when things settle down?

Yes, I think it might fill itself up (but-its a victim of its own catastrophic change however - spikes to 128,000 cause no one to tithe for large periods repeating the issue), but also, if we tweak the params during the next mandatory then the diff of zero wont really be zero (if 0 would requires 1 day coin age) meaning no catastrophic move from floodgates open to 100,000 diff in just 3 blocks.

But having the 40 block lookback itself - I think it has positive benefits - for people who didnt have a chance to tithe during the morning will have another chance (with 205, you have a flat line slow moving diff, with 40 you have 5 elliott waves per day).

I think all it needs is a max tithe amount of 3bbp and a min coin age of 1 at the lower end of the chart (diff 0). That would give us 20,000 tithes per day, people using up all their coin age if they attack, and probably 10,000 distinct users in the pool. The vol would drop to normal vol with these params (theoretically, it appears).

sunk818

full member

Activity: 1176

Merit: 111

Pog difficulty 0

Is your thought that 40 blocks and tithe=1 will have at least one tithe in that period when things settle down because tithe=1 is every 4 hours?

Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 231. (Read 243437 times)