Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 638. (Read 243376 times)

Will be updating in a minute...

Will take Slovakias into consideration on the tail end of this also...

ROB pls change main BiblePay - New Coin Launch - Official Thread  : thanks


BiblePay | Masternode | CPU Mining Only | ASIC-Resistant | 10% ORPHANS

Done! (It's my first time!)

https://www.purepool.org/main/miner/BDR7c3zPS3FNhggwpGb43JKBkQrd2Rd5dj/

What did you enter in the field as biblepay address for your miner in the homepage, and what as worker_id in the config?

Lichtsucher when mining I can't see stats in pool for Miner, gives error 500.

That is good to know! I couldn't help but see some of the discussion about trying to spread out the sale of BBP in order to maximize the tithe fund. I've noticed that the prices on SouthXchange over the last two days and volume have shot up enormously as it's the only exchange that new people who are trying to purchase sanctuaries can buy from. For example, right now, there's a buy order of 600,000 at 36 sats, which is significantly higher than anything on CCEX. Perhaps if half was sold on SouthXchange and the other on CCEX, the total BTC gained would be much higher.

Also, would there any possible way for people to buy "directly" from the charity wallet? I can imagine that as the project grows, people who hear about the project would be very happy to purchase BBP even at a premium if they knew that 100% of their money went straight to the charities. If not, would it be possible to give a couple hours of heads up before the sale so that people who are interested in buying charity BBP could arrange their buy orders to do so?

Blesssings

Also a heads up to investors/traders,
the Charity BiblePay coins for Compassion will be paid out from the budget in 3 days and will need to be sold on the exchanges,
good time to put up some buy orders since we know at least 2.8 million BBP is probably going to be sold soon!

For anyone new or who doesnt fully understand yet! Please Read!:

===

BiblePay works a little differently from other cryptocurrencies because it has a two-tier network.
The second tier is powered by sanctuaries (masternodes),
which enable financial privacy (PrivateSend), instant transactions (InstantSend),
and the decentralized governance and budget system.

Governance in a decentralized project is difficult, because by definition there are no central authorities to make decisions for the project.
In BiblePay, such decisions are made by the network, that is, by the owners of sanctuaries (masternodes).
The system provides a means for BiblePay to fund its own development.
While other projects have to depend on donations or premined endowments, BiblePay uses 10% of the block reward to fund its own development (and 10% for Charity).

Every time a block is mined, 40% of the reward goes to the miner, 40% goes to a masternode, and the remaining 20% is not created until the end of the month. During the month, anybody can make a budget proposal to the network. If that proposal is approved by at least 10% of the masternode network, then at the end of the month a series of "superblocks" will be created. At that time, the block rewards that were not paid out (20% of each block) will be used to fund approved proposals. The network thus funds itself by reserving 20% of the block reward for budget projects.

===

Understanding the Governance and Budget System
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System

DAO, Treasury, & Governance:
https://www.youtube.com/watch?v=k1JuKmSGMSc

===

BiblePay Block Reward Breakdown:
10% Charity
5% IT
2.5% PR (Public Relations)
2.5% P2P (Orphan Letter Writing, Pay To Preach/Priest, etc)
40% Miners
40% Masternodes (Sanctuaries)

===

Requires 1,550,001 BBP to create a Sanctuary (Masternode)
http://wiki.biblepay.org/Create_Sanctuary
http://wiki.biblepay.org/Create_Sanctuary_2

Stats:
Masternodes.Online: https://masternodes.online/currencies/BBP/
Masternodes.Pro: https://masternodes.pro/stats/bbp

===

Anyone can create proposals!
Proposal descriptions are entered into the BiblePay Forum:  http://forum.biblepay.org/index.php?board=5.0
How to Submit a Proposal: http://wiki.biblepay.org/Create_Sanctuary_2#SUBMIT_PROPOSAL
I have an unofficial TODO list of work: https://www.reddit.com/r/BiblePay/comments/7v0pxz/todo_list/

https://coinmarketcap.com/currencies/biblepay/#markets

SouthXChange is 20% of our volume today... not a bad exchange...

All:  Its Budget Voting Time

The budget has been created in https://pool.biblepay.org | Proposal List :
For block 30750
This budget spends 5789201 out of 5789219 of the available funds, leaving only 18 unspent burned BBP this month (LOL).

Please vote on this budget if you are sanctuary:
gobject vote-many 4e69d1fe449e64e7e1e0b1585971bf5d1b75f442653c40567d6ca8dc7a008d09 funding yes



Note : You can access this command by right clicking on any of the "Budget List" rows and clicking "Vote For Budget" to verify this budget hash is the same that I pasted here.

After we receive more than 10% net yes votes, the budget will be approved and triggered for block 30750.
Please vote within 2 days.

To find the support level of this budget type:
gobject get 4e69d1fe449e64e7e1e0b1585971bf5d1b75f442653c40567d6ca8dc7a008d09
And take a look at the Funding absolute Yes count.

Thanks!

I did a fresh install, and did all again, NOW MN IS RUNNING!


Sure, no problems. 9 people trusted me on this and are rewarded with a wonderful place on our shared masternode.

The 10% are done as part of the blockchain (I think they are in the superblock).

More statistics will follow, but I could't find a way to get trustworthy hps numbers from the client, as this is a value they can fake. This is the reasons why I didn't include that. But a leaderboard will follow, and more information about found blocks etc.

Small note to the user with the biblepay address "BDwDBEsHj9ztLSygqeGzZYAdr8oVsFXjri" on the new pool:
The special char to add your worker name is "/", not "\".

You added some addresses that won't work, as they are no valid biblepay addressed.


Wrong: "BDwDBEsHj9ztLSygqeGzZYAdr8oVsFXjri\someworkername"
Right: "BDwDBEsHj9ztLSygqeGzZYAdr8oVsFXjri/someworkername"

Right now there aren't any pool fees on this. The 10% charity are inherent in the coin/blockchain itself and have nothing to do with any pool etc.

canopus tried it setuped and didnt know......he ran more MNs for SVK guys ... now joelles reinstalled complete clean VPS ... may be problems with old vins

nice looking interface.   great job ! 
 wonder if more stats will be there :   NET HPS,  pool total HPS,  # of miners etc.

does it have the same fees structure ,  i.e. cutting 10% for the charity ?  IMHO, it's important it should do this .

Ensure there is no externalip= key setting in biblepay.conf, ensure your IP:40000 is correct in masternode.conf, and the IP matches public IP of the host.

After doing that, type 'masternode status', after rebooting both host and controller, then issue the start command after the controller is mnsync status synced, then type 'masternode status' again and it should change Live on the sanc.

Were only 300 blocks away from the superblock (30750), it looks like we need to freeze our current budget and prepare for budget voting.