This is not meant as a dig, just a report out of what I am actually seeing.
Status update:
Post-20bbp/rac stake.
So far I have declined, I was up to almost 2k bbp/day earnings prior to the change.
Day 1: earnings dropped to 1127
Day 2: earnings dropped to 979
Regarding the earlier assumption : 30$ in biblepay = enough to stake a decent home machine.
Earlier in this thread it was mentioned a "decent gaming machine" could produce 6k RAC
The math on this... 6000 * 20 = 120000 bbp required to fully stake.
Assuming BBP is 0.003usd/per this is 120,000*0.003 = $360
This is a significant difference from the 30$(roughly 10x) figure mentioned earlier. 30$ will stake you for a 500 RAC machine which would be a very low end.. (my old i3 from 6+years ago is doing 3x this)
As a result, since I had only earned 25k-ish the last 2 months mining. I'm now at 20% stake under the new rules.
What I decided is ok, fine I will lower my RAC since it doesn't benefit me any to continue how I was mining.
This seems to only have reduced my payment, not my UXTOWeight.
So because I'm a small fish. and cannot buy my way into the coin I have to either do 5x the work to keep up with my smaller payout, or wait out the RAC drop until I can be fully staked while accepting smaller payouts than normal for my work. (not sure how much time this would take)
I see others excited about their increased payouts.. I will be completely honest, this is frustrating for someone in my position, or any potential newbies trying to join the coin.
I'd be curious to see a list of all the payout changes, and did this changeover control the "botnets" that were being used as the reason for this change? Perhaps that would help a little i guess.
I was the one that gave the 30 dollar figure. I was looking at my own computers (which are AMD Phenom II's and A8's), and they give me about 2000 RAC. It's indeed 120 dollars. Higher than I thought. Don't know how I got the 30 dollar figure. In an ideal world, I would like 3 things:
1. No botnets
2. Fair entrance for new users.
3. Making it expensive for power-users to participate.
The first one is covered now. Maybe it's a bit too expensive right now for new users with a lot of computing-power right now, but that doesn't mean this can't change in the future. The third one certainly is true for new power-users, but existing power-users that believe in Biblepay (I consider myself a moderately big user) that have been in the game for a long time have an advantage because they have more BBP. They have that much BBP because they didn't sell, because they have a long-term view for the coin. I think that whales aren't a bad thing per se if they believe in the project.
The thing I really like about Biblepay in it's current form, is that it is actually transparent who are the mining whales. I believe this is fairly unique. You really
know what you are investing in.
This isn't really in reply to you thesnat21, I'm just rambling a bit at this point.
Just two more things:
1. The 20BBP/RAC was democratically decided. Maybe some users didn't realize the power of their vote, but I think now most have realized that voting matters. As far as I know, the staking requirements can be adjusted every mandatory, no nothing is stopping us to have another vote in two months and take in all the information and opinions we have gathered in that time, and come to another consensus (hopefully with a lot more people involved). Maybe we should have a public vote, maybe a sanctuary vote. There is a lot to consider here.
2. Heat mining doesn't really require staking. You need a functioning CPID for every wallet that you are mining with. But I think that nothing is stopping people from sharing the wallet.dat between multiple wallets. And also, you could use one PC, set one cpu-thread to mine Rosetta and set the rest to heat-mine. That way you don't really have to stake and can still earn BBP via heat-mining.
That maybe isn't really how Biblepay is intended, but nothing is stopping users from walking that path.