Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 390. (Read 243454 times)

we are in circles,im wrote few months ago and we are here again with this ideas?  

1. we need bigger exchanges= we need traders, no miners
2. we no need new miners
3. android+iphone= perfect,we got it
4. and we have to pay profi PR,blogger,youtuber,twitterer
5. use superblock BBP for listing
6. better for orphans will be better price like dead BBP= we can reserve 2-4 months superblock for listing, orphans can to wait.......

thats all

I'm here to be open minded.  Let's all keep the avenues of talk and ideas open.

I leaned toward making it hard to mine in the beginning because I felt what we have created is sacred and worth protecting (remember I said why have a honey pot in the back yard) etc etc. 

I'm neutral on this.  Let's keep thinking about this.

Cant't help it spent way too much time doing data analytics

As for the iPhone comment.. hmm that sounds familiar heh

I've spent some time isolating the blocks it seems most process in 0 microseconds, but several are 500-1000microseconds.

Oddly it doesn't appear to be the same blocks. (2 runs 2 totally separate #'s) ... Will keep digging

I think distributing a 5 BBP paper wallet to people after church with marketing on the wallet that says "Support orphans and do good with the chance of realizing a profit by buying BBP cryptocurrency."  If you sell it for a loss, it was the same as doing a donation to a charitable cause.  If you sell it for a profit, you supported the orphans and you can support the government by paying capital gains!

I think larger exchanges want to see more volume in order to get listed, which we don't have.

Somehow I agree with aikida3k.
Having more miner who don't really care about this project will only mine and sell. Not helping to raise the price I think. We need people to buy BBP because 1) they believe what is behind or 2) because they see a good investment opportunity.
I have an idea but I need more time to think about it. I will share as soon as it is clear on my head.
What about being part of a big exchange? Does anybody know how this can influence the price?

Thanks for the stats!

Yeah I think Solo Mining is organically high because active distinct pool CPIDs (IE active pool heat miners) probably only make up 28% of our distinct CPID list - and with the rule in the core that tries to reward distinct CPIDs, solo miners who are lucky are receiving blocks.  But its worth considering opening that up to anyone with a valid CPID with RAC, instead of a biblepay CPID with magnitude (for heat mining).  We have to be careful not to compromise on security.

Thats why I think considering the team removal would be the lower hanging fruit.

Ive always considered a wallet that is plug and play, like an iphone.  We can consider building a plug & play biblepay PODC client.

THANK YOU very much!

Looks like we need to go in with a more advanced test harness and see if it has something to do with our block.vtx[n].sTxOutMessage.  Those messages are limited to 3000 bytes each, so I didn't expect those to be the issue, but if they are being hashed, it could be part of the delay.

Not a bad idea (on the higher reward for the team user).  This is just being discussed to see what the general population thinks.  If we actually decide to vote on this Ill make some type of popularity poll first.

Not possible in a free market.  Its true that more miners increase the trading frequency, which is good for liquidity and market depth, but cheap coins are always bought by investors looking for deals along the way.

Thanks for your opinion, but spreading our popularity DOES have lasting effects, and one of the ways to spread popularity is to make it easier to mine (thats how we adopt ourselves to new users).

One of the barriers of Biblepay is its technical difficulty in setting up both PODC mining and Heat mining.

Thats why we are having this conversation.

A success story like Litecoin was born because they made the wallet easy to mine for thousands of miners.  Those miners became investors along the way and loyal users.  The loyalty paid off over time and due to more demand than sales and the price went from $1 to $80 a coin.

removing team requirement is good move. but to prevent everybody join mining wothout biblepay team, there should be some reward for team members. lets say +25% if miner is in biblepay team

You should all read what aikida3k said. He is right. Miners only increase supply and therefore make the price plummet.

Helping miners won't do anything to raise the price of BBP. Miners don't help the price of a cryptocurrency, miners only introduce supply.  All new supply of a cryptocurrency is introduced by miners.  Lowering RAC is only an encouragement to introduce more supply.

The way to help the price of BBP is by encouraging buyers to buy BBP.  But buyers are not encouraged to buy any alts right now as the price of BTC is decreasing.  Since BBP is priced in BTC, no one is encouraged to buy BBP.

A way to encourage potential buyers to buy without regard to the future value of BBP is to encourage people to buy BBP in order to support orphans.  Most of these people could be found in churches.  Let them know the benefit of buying BBP versus giving to a conventional charity because they might actually realize a profit from their "gift of buying BBP" whereas giving to a traditional charity gives them no chance of realizing a profit.

EDIT
So in summary, I believe people are afraid to buy BBP because they are afraid of BTC continuing lower.  I won't be surprised if BTC touches $4000.  $4000 was the average price for 2017 and BTC has a history of reverting to the prior year's mean.  There isn't much we can do about that.  But we can encourage people to buy to support orphans with the chance of realizing a profit.

BBP tagline should be: Support orhphans and do good with the chance of realizing a profit.

Heat mining is owned by a few players currently.
CPID: 6d3cf73125be19efe95f073575990d70 count: 24(11% of total) Reward: 11720 Avg Time: 6.2611111111111
CPID: 684b644e09134455f34639d65bea3851 count: 18(8% of total) Reward: 8753 Avg Time: 7.9842592592593
CPID: 8aee6972dd6958234c4d813978e2ee20 count: 13(6% of total) Reward: 6403 Avg Time: 4.6294871794872
CPID: 373e215c0c0d3df1908ebf607a966cb8 count: 12(5% of total) Reward: 5849 Avg Time: 13.330555555556
CPID: e37d18242f0467a0694bb4fe98a7377c count: 12(5% of total) Reward: 5781 Avg Time: 13.245833333333
CPID: 1df2bd274f38f6e1956445a928180443 count: 11(5% of total) Reward: 5286 Avg Time: 7.7757575757576
CPID: bdaea08ab3f1971aacb9ba4bc2171953 count: 11(5% of total) Reward: 5380 Avg Time: 4.7


#1 cycles up and down the list a bit, he had 25/12% earlier today

Also pools seem to be out of favor:
Pool Results
PurePool : 38 (18%) 18525
BBP Pool : 22 (10%) 10756
Solo Mining : 148 (71%) 72037

(these stats are from the last 207 blocks)

I like the idea of opening things up a bit.  The question is which path, and realizing the dilution of the current rewards further.
Though Ideally the price would go up with adoption to help offset it.

I see no variation between ours and Dash's...  I have isolated the loop that takes the time,  I don't see a clear way to optimize it more.
Something of note I placed a counter to capture blocks it processes: blocks processed = 63286

This is 358 blocks more than the chain has currently.  I suspect these are "orphan" chains/blocks that need to be accounted for and routed through before settling on the current active.

I will keep digging to see if we can isolate these from the loop and see if it would speed up the process

With the recent slump in price, I'm starting to look at ways of popularizing BiblePay.

I'm thinking it might be to our benefit to make it easier to get started as a researcher (for cancer mining) and easier to mine BiblePay.

We could consider removing the team requirement (IE you do not have to be in Team BiblePay for PODC payments); that would potentially open us up to the entire boinc network of World Community Grid and Rosetta researchers who are apprehensive about changing their team.  They would still of course need to associate their CPID with our wallet, but they would receive PODC payments without being on our team. 

The other idea is making us easier to heat mine.  We could potentially allow heat mining for any CPID that is successfully associated with a public key (IE the researcher has successfully sent a burn transaction and is associated with one public key address already).  This would make it easier to heat mine as then only one step is required and the user does not need to wait until being in a superblock.  It would also make it easier on some people financially to get started.

We may also consider voting for a lower BBP-per-rac requirement, but in my opinion its a little early for that.

MacOS wallet updated

1.1.4.3 - Leisure update

1.1.4.2 changes
+
- Ensure sanctuaries do not try to come to a consensus with magnitude
levels exceeding superblock amount

I have a deploy script that updates it, but this release was so minor I didn't run it. 

I'll run it so you have the latest image now.