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Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 486. (Read 243454 times)

hero member
Activity: 590
Merit: 500
The potential use of Blockchain is unimaginable, it never seize to amaze us with newer purpose being discovered. I wasn't too amazed when I came across Biblepay I was actually expecting it.
member
Activity: 232
Merit: 38
Username "senoa" on the pool.biblepay website is just copying/pasting orphan letters with minor tweaking. They copied one of pbrusky's letters and one of mine.
full member
Activity: 574
Merit: 104

I do agree that something needs to change here, I'm trying to get my Biblepay mining working correctly and just with my main desktop and a small older HP workstation server, my RAC is so high (11K), I would need over 300K coins to get the full rewards, which right now, costs about $1000usd. I understand trying to eliminate the botnet, etc., but this seems a little over the top. You basically have to have a mini-masternode just to be able to mine the coin.

I agree also partially.

Btw nice term mini-masternode

I also agree that it's probably too high for some with the current BBP prices. As far as I'm concerned staking is for battling botnets, but it should not be so high that it discourages some/most new users to mine. Staking BBP/MAG could maybe be better in this regard.

But I guess that nothing is stopping us from changing the staking requirements with every mandatory update, right?

user adoption is essential for a coin to survive, and many people are here to mine.

Or course, there is always unbanked mining if you don't want to or can't stake. And there are ways to earn BBP in other ways, like writing letters to orphans, and creating proposals if you think you can contribute to BiblePay.

I mean, if BBP goes 10x, we will definitely need to change the staking requirements, or else no-one is going to start mining with such high entry costs, and that will shift power to the people already mining now.

Also, for a good 'spread of the wealth', it's probably best to have high early user adoption.


Jaapgvk, I'm not meaning to come off as harsh, you're a super nice and super generous guy.
Right now it's a pretty good joke 'if Biblepay goes 10x'.  Have you seen the 2.6 million (now 2.4 million) BBP on the ask at c-cex that has been sitting at 37 sat for at least 48 hours now?  This coin needs staking to survive meeting its obligations to the orphans.  There needs to be some way to increase demand before you talk about lowering staking requirements.  How about getting over 1 BTC total on the bid?  Other exchanges are looking at that in regards as to whether they will add BBP.  To put it bluntly, this coin needs to be shilled, but no one want to do the shilling.

I don't see why not, as it's doing great things in the world and there is all kind of evidence for that.

Where would demand come from if there are no new users coming because the cost of entry is just too high? I want people all over the world to be able to mine this coin with just the PC that they have at home. I'm not talking solely about western countries, but also the less fortunate countries in terms of people's income.I think that's a large part of our potential userbase, including people that are just starting out in crypto and want to use their home-PC to earn some. When that person needs to invest $1000+ just to start mining, that person is probably NEVER going to do that, because most people in this world don't really have those kind of savings.

I liked Rob's idea of giving people a 'starting capital' though. If new users have a CPID + a certain amount of RAC (+I thought that Rob had some other requirements in order to be given the capital), they can go to a faucet that gives them an x-amount (1000s?) of BBP, so they can start earning rewards right away.

I would like to see that implemented.

Oh, and regarding shilling: I'm building a bounty page for our new website right now, and I have  a topic in the proposal section of our forum to have an airdrop https://forum.biblepay.org/index.php?topic=120.0
I also talk about a signature campaign in there. And I like your paper wallet suggestion. These are all ways to give BiblePay more exposure.

I'm very aware that this coin needs more exposure, but I don't think that it needs a fixed 20BBP/RAC staking requirement in order to grow. It could very well become a reason why the coin can fail. As far as I'm concerned, it's a way to fight botnets, but it shouldn't prevent people from joining us because they just can't afford it.

When I was thinking about the problem this morning, I thought a possible solution could include a tiered staking system. If the lower, "introductory" tiers has a very low or no staking requirement, but as you go up the tiers, the staking requirement increases quite a bit. So if you wanted to really ramp up the mining, you would need to stake a lot more coins to get the full reward.

Big miners will just have multiple "small" accounts then instead of just having everything consolidated under 1 account.

Exactly. Sorry leetlezee, but this has been extensively discussed.

I have nothing against the system per se, I just think that it should be affordable by the vast majority of 'everyday users', now and in the future. It should be fair, although, what 'fair' means is something on which opinions will vary.
newbie
Activity: 35
Merit: 0

I do agree that something needs to change here, I'm trying to get my Biblepay mining working correctly and just with my main desktop and a small older HP workstation server, my RAC is so high (11K), I would need over 300K coins to get the full rewards, which right now, costs about $1000usd. I understand trying to eliminate the botnet, etc., but this seems a little over the top. You basically have to have a mini-masternode just to be able to mine the coin.

I agree also partially.

Btw nice term mini-masternode

I also agree that it's probably too high for some with the current BBP prices. As far as I'm concerned staking is for battling botnets, but it should not be so high that it discourages some/most new users to mine. Staking BBP/MAG could maybe be better in this regard.

But I guess that nothing is stopping us from changing the staking requirements with every mandatory update, right?

user adoption is essential for a coin to survive, and many people are here to mine.

Or course, there is always unbanked mining if you don't want to or can't stake. And there are ways to earn BBP in other ways, like writing letters to orphans, and creating proposals if you think you can contribute to BiblePay.

I mean, if BBP goes 10x, we will definitely need to change the staking requirements, or else no-one is going to start mining with such high entry costs, and that will shift power to the people already mining now.

Also, for a good 'spread of the wealth', it's probably best to have high early user adoption.


Jaapgvk, I'm not meaning to come off as harsh, you're a super nice and super generous guy.
Right now it's a pretty good joke 'if Biblepay goes 10x'.  Have you seen the 2.6 million (now 2.4 million) BBP on the ask at c-cex that has been sitting at 37 sat for at least 48 hours now?  This coin needs staking to survive meeting its obligations to the orphans.  There needs to be some way to increase demand before you talk about lowering staking requirements.  How about getting over 1 BTC total on the bid?  Other exchanges are looking at that in regards as to whether they will add BBP.  To put it bluntly, this coin needs to be shilled, but no one want to do the shilling.

I don't see why not, as it's doing great things in the world and there is all kind of evidence for that.

Where would demand come from if there are no new users coming because the cost of entry is just too high? I want people all over the world to be able to mine this coin with just the PC that they have at home. I'm not talking solely about western countries, but also the less fortunate countries in terms of people's income.I think that's a large part of our potential userbase, including people that are just starting out in crypto and want to use their home-PC to earn some. When that person needs to invest $1000+ just to start mining, that person is probably NEVER going to do that, because most people in this world don't really have those kind of savings.

I liked Rob's idea of giving people a 'starting capital' though. If new users have a CPID + a certain amount of RAC (+I thought that Rob had some other requirements in order to be given the capital), they can go to a faucet that gives them an x-amount (1000s?) of BBP, so they can start earning rewards right away.

I would like to see that implemented.

Oh, and regarding shilling: I'm building a bounty page for our new website right now, and I have  a topic in the proposal section of our forum to have an airdrop https://forum.biblepay.org/index.php?topic=120.0
I also talk about a signature campaign in there. And I like your paper wallet suggestion. These are all ways to give BiblePay more exposure.

I'm very aware that this coin needs more exposure, but I don't think that it needs a fixed 20BBP/RAC staking requirement in order to grow. It could very well become a reason why the coin can fail. As far as I'm concerned, it's a way to fight botnets, but it shouldn't prevent people from joining us because they just can't afford it.

When I was thinking about the problem this morning, I thought a possible solution could include a tiered staking system. If the lower, "introductory" tiers has a very low or no staking requirement, but as you go up the tiers, the staking requirement increases quite a bit. So if you wanted to really ramp up the mining, you would need to stake a lot more coins to get the full reward.

Big miners will just have multiple "small" accounts then instead of just having everything consolidated under 1 account.
member
Activity: 232
Merit: 38

I do agree that something needs to change here, I'm trying to get my Biblepay mining working correctly and just with my main desktop and a small older HP workstation server, my RAC is so high (11K), I would need over 300K coins to get the full rewards, which right now, costs about $1000usd. I understand trying to eliminate the botnet, etc., but this seems a little over the top. You basically have to have a mini-masternode just to be able to mine the coin.

I agree also partially.

Btw nice term mini-masternode

I also agree that it's probably too high for some with the current BBP prices. As far as I'm concerned staking is for battling botnets, but it should not be so high that it discourages some/most new users to mine. Staking BBP/MAG could maybe be better in this regard.

But I guess that nothing is stopping us from changing the staking requirements with every mandatory update, right?

user adoption is essential for a coin to survive, and many people are here to mine.

Or course, there is always unbanked mining if you don't want to or can't stake. And there are ways to earn BBP in other ways, like writing letters to orphans, and creating proposals if you think you can contribute to BiblePay.

I mean, if BBP goes 10x, we will definitely need to change the staking requirements, or else no-one is going to start mining with such high entry costs, and that will shift power to the people already mining now.

Also, for a good 'spread of the wealth', it's probably best to have high early user adoption.


Jaapgvk, I'm not meaning to come off as harsh, you're a super nice and super generous guy.
Right now it's a pretty good joke 'if Biblepay goes 10x'.  Have you seen the 2.6 million (now 2.4 million) BBP on the ask at c-cex that has been sitting at 37 sat for at least 48 hours now?  This coin needs staking to survive meeting its obligations to the orphans.  There needs to be some way to increase demand before you talk about lowering staking requirements.  How about getting over 1 BTC total on the bid?  Other exchanges are looking at that in regards as to whether they will add BBP.  To put it bluntly, this coin needs to be shilled, but no one want to do the shilling.

I don't see why not, as it's doing great things in the world and there is all kind of evidence for that.

Where would demand come from if there are no new users coming because the cost of entry is just too high? I want people all over the world to be able to mine this coin with just the PC that they have at home. I'm not talking solely about western countries, but also the less fortunate countries in terms of people's income.I think that's a large part of our potential userbase, including people that are just starting out in crypto and want to use their home-PC to earn some. When that person needs to invest $1000+ just to start mining, that person is probably NEVER going to do that, because most people in this world don't really have those kind of savings.

I liked Rob's idea of giving people a 'starting capital' though. If new users have a CPID + a certain amount of RAC (+I thought that Rob had some other requirements in order to be given the capital), they can go to a faucet that gives them an x-amount (1000s?) of BBP, so they can start earning rewards right away.

I would like to see that implemented.

Oh, and regarding shilling: I'm building a bounty page for our new website right now, and I have  a topic in the proposal section of our forum to have an airdrop https://forum.biblepay.org/index.php?topic=120.0
I also talk about a signature campaign in there. And I like your paper wallet suggestion. These are all ways to give BiblePay more exposure.

I'm very aware that this coin needs more exposure, but I don't think that it needs a fixed 20BBP/RAC staking requirement in order to grow. It could very well become a reason why the coin can fail. As far as I'm concerned, it's a way to fight botnets, but it shouldn't prevent people from joining us because they just can't afford it.

When I was thinking about the problem this morning, I thought a possible solution could include a tiered staking system. If the lower, "introductory" tiers has a very low or no staking requirement, but as you go up the tiers, the staking requirement increases quite a bit. So if you wanted to really ramp up the mining, you would need to stake a lot more coins to get the full reward.
newbie
Activity: 164
Merit: 0
Well the first step is to solve some tasks. You can see in the BOINC Manager how long it is predicted until you get some credit for solving tasks - but it isn't uncommon for a task in R@H to take 5-8 hours on computers like what are listed in your profile.

After that, when you can see a job completed, you can go into the BiblePay wallet and "exec podcupdate true" which should force a staking transaction, and make you eligible for the next round of payments.

Thanks guys.

Great support! Great team!


EDIT: issue is fixed Cheesy
jr. member
Activity: 235
Merit: 3
Have these computers been turned on?
Have you been solving task to WCG?

Thanks.

Indeed I see now they are down.
Do you think this has so drastic effect?

I've just started them again, when do you think the issue will be resolved ?

Well the first step is to solve some tasks. You can see in the BOINC Manager how long it is predicted until you get some credit for solving tasks - but it isn't uncommon for a task in R@H to take 5-8 hours on computers like what are listed in your profile.

After that, when you can see a job completed, you can go into the BiblePay wallet and "exec podcupdate true" which should force a staking transaction, and make you eligible for the next round of payments.
newbie
Activity: 164
Merit: 0
Have these computers been turned on?
Have you been solving task to WCG?

Thanks.

Indeed I see now they are down.
Do you think this has so drastic effect?

I've just started them again, when do you think the issue will be resolved ?
full member
Activity: 364
Merit: 102
New issue I see only today: TaskWeight and UTXOWeight are zero.
Wallet version: 1.1.2.4

Code:
# ./biblepay-cli getwalletinfo
{
  "walletversion": 61000,
  "balance": 637729.34080820,
  "retirement_account_balance": 0,
  "unconfirmed_balance": 0.00000000,
  "immature_balance": 0.00000000,
  "txcount": 111,
  "keypoololdest": 1523553787,
  "keypoolsize": 1001,
  "keys_left": 1002,
  "unlocked_until": 0,
  "paytxfee": 0.00000000
}

Code:
# ./biblepay-cli exec totalrac
{
  "Command": "totalrac",
  "Total RAC": 26849.98,
  "UTXO Target": 590699.5600000001
}

Code:
# ./biblepay-cli exec podcupdate true
{
  "Command": "podcupdate",
  "PODCUpdate": "Processed 0 tasks for CPID 02b8ebdf635b70b734e1c50239ee8dfe"
}

Code:
# ./biblepay-cli exec getboincinfo
{
  "Command": "getboincinfo",
  "CPID": "02b8ebdf635b70b734e1c50239ee8dfe",
  "Address": "BE7MctaogWZgqJ1nhTaDrwLX1kdQMAPyYU",
  "CPIDS": "02b8ebdf635b70b734e1c50239ee8dfe;",
  "CPID-Age (hours)": 423659,
  "NextSuperblockHeight": 44075,
  "NextSuperblockBudget": 1161612,
  "02b8ebdf635b70b734e1c50239ee8dfe_ADDRESS": "BE7MctaogWZgqJ1nhTaDrwLX1kdQMAPyYU",
  "02b8ebdf635b70b734e1c50239ee8dfe_RAC": 5433.98,
  "02b8ebdf635b70b734e1c50239ee8dfe_TEAM": 15044,
  "02b8ebdf635b70b734e1c50239ee8dfe_WCGRAC": 21416,
  "02b8ebdf635b70b734e1c50239ee8dfe_TaskWeight": 0,
  "02b8ebdf635b70b734e1c50239ee8dfe_UTXOWeight": 0,
  "Total_RAC": 26849.98,
  "Total Payments (One Day)": 0,
  "Total Payments (One Week)": 18118,
  "Total Budget (One Day)": 1161612,
  "Total Budget (One Week)": 22380050,
  "Superblock Count (One Week)": 8,
  "Superblock Hit Count (One Week)": 8,
  "Superblock List": "43870,43665,43460,43255,43050,42845,42640,42435",
  "Last Superblock Height": 43870,
  "Last Superblock Budget": 1161612,
  "Last Superblock Payment": 0,
  "Magnitude (One-Day)": 0,
  "Magnitude (One-Week)": 0.8095603003567909
}

Code:
#  cat /root/.biblepaycore/biblepay.conf
addnode=node.biblepay.org
gen=1
genproclimit=1
pool=https://pool.purepool.org
workerid=BE7MctaogWZgqJ1nhTaDrwLX1kdQMAPyYU


On Rosetta it looks like you have not solved any tasks
https://boinc.bakerlab.org/rosetta/hosts_user.php?userid=1994355

Check your computers on there, for example
https://boinc.bakerlab.org/rosetta/results.php?hostid=3384144

Have these computers been turned on?
Have you been solving task to WCG?

jr. member
Activity: 490
Merit: 4
I'm very aware that this coin needs more exposure, but I don't think that it needs a fixed 20BBP/RAC staking requirement in order to grow. It could very well become a reason why the coin can fail. As far as I'm concerned, it's a way to fight botnets, but it shouldn't prevent people from joining us because they just can't afford it.

I agree completely.

The minimum required stake hurts things as well.   There are a few whales owning the heat mining,  probably the same owning PODC



full member
Activity: 574
Merit: 104
58 Million Biblepay coins tied up in mining, just by the top 3 Biblepay whales!

BBP
Onii-Chan
Mike

I never expected Onii to drop to #2 to be overtaken by a bigger whale...

Its even more fascinating that User #1 is at 90% UTXO because his RAC is rising faster than his 26.4 Million stake requirement.


Wow! That's crazy to see. If I look at the superblock view, there's something like 160M in PODC staking total. and then there are around 189 masternodes configured, so let's call that another 292M in masternode staking.

That makes 160+292 = 452M total reserved for staking, out of a total supply of 600M. >75% of our total supply is reserved.

Does that seem high to anyone? I don't know that it is a PROBLEM or anything, but it seems like a big percentage to me.

I do agree that something needs to change here, I'm trying to get my Biblepay mining working correctly and just with my main desktop and a small older HP workstation server, my RAC is so high (11K), I would need over 300K coins to get the full rewards, which right now, costs about $1000usd. I understand trying to eliminate the botnet, etc., but this seems a little over the top. You basically have to have a mini-masternode just to be able to mine the coin.

I agree also partially.

Btw nice term mini-masternode

I also agree that it's probably too high for some with the current BBP prices. As far as I'm concerned staking is for battling botnets, but it should not be so high that it discourages some/most new users to mine. Staking BBP/MAG could maybe be better in this regard.

But I guess that nothing is stopping us from changing the staking requirements with every mandatory update, right?

user adoption is essential for a coin to survive, and many people are here to mine.

Or course, there is always unbanked mining if you don't want to or can't stake. And there are ways to earn BBP in other ways, like writing letters to orphans, and creating proposals if you think you can contribute to BiblePay.

I mean, if BBP goes 10x, we will definitely need to change the staking requirements, or else no-one is going to start mining with such high entry costs, and that will shift power to the people already mining now.

Also, for a good 'spread of the wealth', it's probably best to have high early user adoption.


Jaapgvk, I'm not meaning to come off as harsh, you're a super nice and super generous guy.
Right now it's a pretty good joke 'if Biblepay goes 10x'.  Have you seen the 2.6 million (now 2.4 million) BBP on the ask at c-cex that has been sitting at 37 sat for at least 48 hours now?  This coin needs staking to survive meeting its obligations to the orphans.  There needs to be some way to increase demand before you talk about lowering staking requirements.  How about getting over 1 BTC total on the bid?  Other exchanges are looking at that in regards as to whether they will add BBP.  To put it bluntly, this coin needs to be shilled, but no one want to do the shilling.

I don't see why not, as it's doing great things in the world and there is all kind of evidence for that.

Where would demand come from if there are no new users coming because the cost of entry is just too high? I want people all over the world to be able to mine this coin with just the PC that they have at home. I'm not talking solely about western countries, but also the less fortunate countries in terms of people's income.I think that's a large part of our potential userbase, including people that are just starting out in crypto and want to use their home-PC to earn some. When that person needs to invest $1000+ just to start mining, that person is probably NEVER going to do that, because most people in this world don't really have those kind of savings.

I liked Rob's idea of giving people a 'starting capital' though. If new users have a CPID + a certain amount of RAC (+I thought that Rob had some other requirements in order to be given the capital), they can go to a faucet that gives them an x-amount (1000s?) of BBP, so they can start earning rewards right away.

I would like to see that implemented.

Oh, and regarding shilling: I'm building a bounty page for our new website right now, and I have  a topic in the proposal section of our forum to have an airdrop https://forum.biblepay.org/index.php?topic=120.0
I also talk about a signature campaign in there. And I like your paper wallet suggestion. These are all ways to give BiblePay more exposure.

I'm very aware that this coin needs more exposure, but I don't think that it needs a fixed 20BBP/RAC staking requirement in order to grow. It could very well become a reason why the coin can fail. As far as I'm concerned, it's a way to fight botnets, but it shouldn't prevent people from joining us because they just can't afford it.
newbie
Activity: 180
Merit: 0
You're right, znffal, I went ahead and changed the original post. 

Quote
So I just wanted to say that it sounds like you have some great ideas and that you should consider putting in a proposal into the PR section of the monthly budget.

Thanks for the encouragement!  I'm looking for someone to work with right now; I don't want to say I'll do it, take the BBP for the proposal and not have a deliverable for a long time.  The one idea is combining the bbp faucet with paper wallet generator, and I'm not yet sure how to integrate those two in order to generate say 1,000 unique bbp paper wallet addresses and have the faucet deposit 5 bbp in each address with instructions of how to find Biblepay online, and what our purpose is.  As an aside, I'm restudying C++ that I took in college to brush up and to at least be able to understand and audit some of the code better.  Not much of anything more ambitious but perhaps eventually I could work on the paper wallet faucet if no one else steps up. Thanks again.
full member
Activity: 364
Merit: 102
newbie
Activity: 180
Merit: 0
Here is a list of twitter "Bitcoin OGs" ,these are the people that when they tweet your coin, they can move markets:


@notsofast
@dum
@growdigi
@woonomic
@needacoin
@mansa_godson
@crypt0biwan
@cryptomocho
@marsmensch
@whalepanda
@thisisnuse
@moonoverlord
@dennahz
@coin_shark
@coinyeezy
@socal_crypto
@bitcoin_dad
@cryptobanger
@crazy_crypto
@anambroid
@crypto_god
@secretsofcrypto
@cryptostardust

Look at their names and look at their posts.  How interested do you think they would be in a Christian based Charity coin?  This is the way most people in crypto think and these guys are constantly gaining followers.  This is why, from the beginning, since I have found this coin, I have thought that this coin will need to find people through churches and take people in churches to teach them the ins of crypto in order to become a great success.  This coin attracts miners; it is a profitable CPU coin to mine, but to be a big success, in order to get the 10x or more that Jaavgpk talks about, we need more demand.
full member
Activity: 364
Merit: 102
newbie
Activity: 180
Merit: 0
I have submitted an application for Biblepay to be listed on https://www.tradeogre.com tradeogre.com exchange.

Here are the top 5 coins in volume on tradeogre.com and as examples of what healthy markets and what healthy demand looks like:


|Currency Name|$ on Bid in BTC|$ on Bid USD|CrCu on Ask|$ on Ask USD| Bid:Ask Ratio
|Haven|15|$138,000|81,786|$245,358|1.78
|IPBC|6.6|$60,720|285,052|$94067|1.55
|Masari|6.18|$56,856|43,049|$53,811|.95
|Dero|2.75|$23,300|10,513|$31,539|1.25
|Stellite|6.41|$58,972|202,134,200|$242,561|4.11
||||BTC on Ask||
|Biblepay|1.05|$9,660|103.26|$949,992|98.34


You can see the top 5 are all fairly balanced on the bid and ask, however Biblepay has nearly 100x the value on the Ask as the Bid; which is pretty unbalanced.  We need to work on demand for Biblepay.
jr. member
Activity: 490
Merit: 4
BBP is a professional miner.  He might keep some, right now he has to stake for rewards, but he sure is going to sell some and introduce supply.  

I asked a few weeks back if some one wanted to help me put together a Biblepay faucet with a paper wallet generator and we could go to churches and hand out 5 free bbp per person as paper wallets to try to get people who normally might not be interested in crypto but are interested in the idea of supporting orphans and the needy to participate.  I didn't get any responses, though.

Depending on what he makes, and sells either of these large miners could easily devalue the currency...

Considering  they are making 600$ + per day. (approx 1/3 our daily volume according to CMC.. lol)
newbie
Activity: 21
Merit: 0
My wallet will not sync. i upgraded to the new client, and it shows synchronizing with network and 8 active connections, but it is 31 hrs behind and not moving. I have restarted it several times. Do i need to do a repair or what?

Just delete blocks, chainstate, peers.dat, banlist.dat, mn*.dat, gov*.dat and restart.

Ensure system time is correct.



Ever since i did this, the client synced, but i have not received any payouts since 4/24. Before that I was receiving them daily. rosetta and the biblepay client have both been running.

What do i need to check?

Thanks
newbie
Activity: 180
Merit: 0
BBP is a professional miner.  He might keep some, right now he has to stake for rewards, but he sure is going to sell some and introduce supply.  

I asked a few weeks back if some one wanted to help me put together a Biblepay faucet with a paper wallet generator and we could go to churches and hand out 5 free bbp per person as paper wallets to try to get people who normally might not be interested in crypto but are interested in the idea of supporting orphans and the needy to participate.  I didn't get any responses, though.
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