Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 695. (Read 243386 times)

joelles he got problem with pool acc,not with miner 

You update to last version new acc?

It seems rob ignore our post, we were banned while I dunno why,
It is not a hacked as all workerID fail and down to solo mining


 

So I guess the question is if I'm running the same wallet on multiple machines, when I send a transaction from one, it is reflected in all of them.  So why would the usage of the stake with a successful win be any different than with five machines on the same wallet or one machine on a singular wallet?

If you have other use for the machines, it's hard to really, say.  I bought several machines and they've done well, and yes, most VPS prohibit high compute uses (like mining) and those that don't tend to be pricier (so you're not likely to find a $5 VPS that lets you mine for long)  The upside of using amazon or microsoft's higher end products is if two months from now the PoL system works out and gets implemented, you won't have a bunch of extra computers that are extraneous.  Plus I can tell you, dealing with the extra heat is tricky when it gets warm.  But you basically have to make an educated guess, if you could rent HPS for 1/6th the price of a computer, then it might be worth it if this comes to fruition in 3 months.  But it's all a guess.

True I just think it will be cheaper for me in the long run to have physical machines than to rent. Unless someone can do the math for me? How much $.$$ / HPS to rent? Is it not against most cloud TOS? I am not talking about buying expensive machines.

Well the distinction is we would not want to recommend you buy 20 physical machines for BBP if you could stake a greater balance with that same sum (of capital) on less machines.

Its entirely up to you though, I think a machine with a 100K stake balance and 2000 HPS will do fine for a while, but it will get to a point where its cheaper to just put more BBP on less nodes as we get more popular.

You can see the relationship in the whitepaper here (see Target Hash Modification):
http://wiki.biblepay.org/Proof_Of_Loyalty

No, its not recommended because it will get you ddossed, and if you only have one IP, then your whole house/farm is ddossed.

The n+ miners who are still latched on to the stake transaction they are trying to add risk thinking that they found a block (due to the increased weight) and will attempt to broadcast it.  We dont want to hose our network up with bad practices and have everyones log showing stuff like that either.

True, I am not using cloud VPS for mining physical machines only am I doing it wrong?

It may be overly technical, but how would a shared wallet behave differently than a normal wallet?  Wouldn't upon a successful use of the coin-age bonus, the coin age be reset to zero for all miners with that wallet, basically behaving like one wallet on one miner would?

It could be end of March or April before its released, as we've had too many mandatories recently.

You can always buy 100K biblepay for each cloud VPS and shut down the ones you cant afford to buy the BBP for.
Hybrid hashing should still be an option.

So better off spending the $ on coin and using 1 powerful machine to mine? 100% this is happening?

For now, it won't affect you at all.   In the future, you might find that your 30 machines don't do as well as 1 machine with a good stake.

I am in the process of purchasing and setting up 20-30 machines to mine on the pool how will this effect me?

All,

Proof-Of-Loyalty is ready to test in testnet, please fire up as many testnet testers as possible here:

http://forum.biblepay.org/index.php?topic=89.msg1093#msg1093

Thanks!

NOTE:  If you get this working tonight, we will need to wait until tomorrow for useful loyalty ages (IE 24 hours+).

Yes, the coin-age is not relinquished until you actually successfully stake a block (IE Mine a block with a stake in it).  At that moment you lose all the coin age on the inputs. 

But also, that coin-age will only be useable in exactly one block.  If some nefarious group is sharing a wallet and trying to stake the same coins, that will result in a double-spend attempt and a d-dos ban on the node that happens to fall through second.  For that reason its better for them just to keep it simple and stake distinct wallet balances so they dont get flagged with a double spend attempt.

Any hope the reactivate the withdraw on c-cex?   most coins are back but BBP is still in maintenance.

Thanks!

I'd recommend joining Slack (biblepay.slack.com) for real time discussions.  There is usually someone that can be found to chat with about BBP.

Understand, this is a discussion about a future feature that is being developed and yet to be tested.  So you have to look "big picture" on this as specifics on how it will affect you are going to be hard to find until a lot of testing is done and it's close to deployed.   But in simple terms, we'll use some imaginary numbers.  Lets say you and I have identical computers that each have a 1/10,000 chance of finding the next block.   If you've got 10K BBP that you got 10 days ago, and you want to "stake" it, you get 100K mining points.  Let's say I've got 5K BBP that I've had for 20 days and I want to "stake" all of it as well, so I get 100K mining points.  So the system recognizes our 100K mining points as an indicator of a supporters of the coin, and makes mining the next block easier, and we both end up having a 1/8,000 chance of finding the next block, whereas a third party with an identical computer but no mining points ends up dropping to a 1/14,000 chance of finding the next block.  It's not entirely clear if by staking your coins will be "reset" in age automatically, only reset in age if they find a block or never reset in age.  It seems they will only be reset in age if successful, based on the statement "When one single PC of the 1000 solves one block, the coins used from the shared wallet that were in-stake are now spent and have zero coin age."

The statement "Meaning that a botnet with 1000PCs and a 100K bbp balance is very close in equality to a single user with ONE PC and a 100K bbp balance." on the surface seems to be untrue.  But, in practice it will be true in my opinion.  On the surface, 1000 machines hashing with a 90% bonus will win a lot more than one machine with a 90% bonus.  But in practice since the motivation of a botnet is immediate profit, they're unlikely to retain coins very long, they'll never build up a coin age modifier like a normal user will.  If they started to behave like a normal user and hold coins long term, then they would de facto be like a "normal" user that runs a lot of VPS.

As the BiblePay project moves successfully from one milestone to the next, please remember that we are unique in several significant ways. One important aspect is found in the BiblePay program itself, which contains the entire King James Version of the Bible, both the Old and the New Testament.

This divinely inspired ancient wisdom is relevant to everyone living today, just as it was when it was written thousands of years ago. Here is a small example known as "The Golden Rule." It clearly shows us how to build and participate in a new Kingdom of excellence ...

  
"In everything, do to others what you would have them do to you, for this sums up the Law and the prophets."

- Jesus Christ (Matthew 7:12)

So....Is there someplace ya'll could recommend a bone-noob to go to learn what is being discussed here and how it applies to the several small rigs I am operating.

This is a load of fun and I really appreciate the deep participation of everybody involved.

I don't really understand the saltiness of some folk at times,  but I seem to encounter salty people no matter where I go in life, so i guess there just out there in over abundance..

Im particularly confused about 'staking' and what I need to be doing, when this is implemented, to ensure I am maximizing my potential.

Thanks for everything you're doing even if I don't understand at least half of it!!!

JigSaw