Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 819. (Read 243376 times)

Well the price is too expensive to start with. If the idea is to introduce decentralization and voting, and then you only have rich people (in btc and hashpower) be able to afford it. As a result only rich people can vote.
A bit contrary to the messages of the Bible.

With this setup it will have a concentration of votes to a group of miners or very early participants in the pool.
Then what is the point of voting if you are overruled by a concentration of people?

For me its not even a goal to have at this point. Which is fine. I will be content with ricing price and little coins I  can continue to gen out.

I remember reading about DASH Masternode Shares:

http://dashmasternode.org/masternode-shares/
https://masternode.me/#shares

Basically it sounds like someone offers a service where they:
- pool other peoples coins who are interested in owning part of a masternode
- run/maintain the masternode
- payout the rewards of the masternode monthly to everyone involved
- keep a small cut of the profits

I wonder how voting works in this scenario?

4 years mining? You must be swimming in money already then right? Why complain 

Well im only able to cough up 500 or so a day. And thats with a dedicated PC and an old laptop. So by my calculations thats 15,000 per month.

At 1,5 million it would take me 100 months or 8 years!!

(Of course its much more than that since difficulty is just going to increase)

Rising prices in both btc and bbp will make them unaffordable as well.

So yeah, sanctuaries are out of the question for the common person.

if could be exists any big miners... diff and network hash must go to the moon but still is constance


checking few days both of it ...    im not idiot, i have few years exp with mining ltc,doge,mooncoin,vtc etc etc etc coins 4years ago

650-1250 GH/s
7000-20000

As I said, I don't really know enough about the technology to be sure! I am a simple guy!

I hope that we don't get overtaken by crazy big miners though. I am still hopeful that one day I can mine enough for a sanctuary.

znffal  no..... our diff flied between 7000-20000 last 15 days..... 650-1250 GH/s .... and rewards was OK ... today told about it with my colleagues if exists any bug....


Rob: is it your pool ok? opposite ghost mining from our pool.You had similar problem with stealing our blocks before

Hi Slovakia,

I had a look at the explorer (https://biblepay-explorer.org/ )

Apparently we have 797.1658 GHps. When I look at the pool we have  21821651 Hps which is 0.021821651 GHps

So it looks like the price rise has brought in some mega miners. If I have calculated this correctly (which it is possible I have made an error) then it looks like the pool reward is going to go down even further.

How can people have so much Hps without using GPU? I don't know enough about the technology.

I think I experienced same issues. I bought a new pc for mining and it added 50% more shares. But the payout remains the same as if it wasnt there. I didnt pay attention to this much before as i was making nothing -- still nothing LOL

Are the shares reported on the homepage what should be in the transaction report (minus 4%). Because right now its minus 40% or so. 

I will give it another 24 hours and see if things even out.

hey chief bible_pay  is any problem with pool?  diff is between 8000-15000 last 2 days,and today our 24hours rewards dropped almost to only 45% for rewards of blocks:  ... this is very weird,cos when we mined between this values and we mined almost 1/2 more .... our efficiency massive dropping, our hashpower raised  21,7M+ ...

and we mined only 35 blocks for last 24hours?  ... minersofmine mined 1block=   169 blocks mined by SOLO miners or ?  is really true that solo mining got better hashrates like in your pool?

Network (GH/s) on explorer is hash1 or hash2?

Brain wallets then take on a new meaning huh? Amazon is already testing stores you can walk in and walk out with stuff

https://www.supplychaindive.com/news/rfid-inventory-management-amazon-retail-distribution/431800/

So you think the prayers field is enough then? I will look into this 'news' feature. Its probably exactly what is needed.

Hmm, thats scary thinking the GUID in a RFID chip might be the bitcoin private key instead of the guid it is now.    I know the code for Bitcoin in and out and there is no 666 currently in there- its innocuous currently by itself.  But you make a good point, that the BTC private wallet key "could" be the alphanumeric characters derived from the guid in the rfid chip in the future (if you want to see the key, type dumpprivkey bbpwalletaddress).  

As far as storing data in our Chain, Biblepay has an XML storage field to our transactions that stores up to 1000 characters in each transaction VOUT (thats where we store the prayers).  So you can store things in BBP now for a fee of 1 bbp per 1000 characters per vout.  Take a look at the news create function in bbp how it splits an article up into nSize/1000 and stores each piece of the article in a vout.  Let me know if you want the function call name.  On a side note you can test the BBP message by sending yourself some BBP with a message in it but dont click the Prayer checkbox unless you want the prayer to appear in everyones wallet.

Here is a link to Compassion Magazine for December if anyone wants to read about Edwins baby elephant in Kenya:

https://magazine.compassion.com/?referer=572118&utm_source=xmpie&utm_medium=email&utm_campaign=cm_online_12_17

Yes there are definitely a few fundamental problems with this continuing the way it is, dont get me wrong Im happy for those who had the forethought to buy BTC early for anti-inflation reasons, and happy for the success.

But I believe right now the minimum transaction fee is $17 to send money, and the network is congested.  They would need to get the sidechains working, and have a "master reset" so the price comes down to earth, maybe like a reverse 100:1 reverse split.  There is talk of using microsatoshi instead of satoshi also.  But the tx fees need to be more like .50 cents again! Not $1.70 or $17.00 thats crazy.

The other thing is I dont think BTC is destroying the USD.  Its the other way around, the illuminati are buying BTC because they fear that inflation is going to destroy the dollar soon (IMO).  I see the headlines on RT say China and Russia have created an alternate oil exchange to replace NYMEX.  That is the harbinger of the end of the dollar.  That makes more sense as to why the Bitcoin would rise so fast - its Russia and China ready to kill the dollar.

I would say BBP is a perfect replacement for the small potatoes transactions for now.

Also, its not very cool to see the ground underneath you move 25% per day.  This is what it feels like for those in Venzuela who are eating street and zoo animals now because their inflation is 70,000% and they cant afford a pound of flour per day now.

The Bible says in Revelations, the time is coming where it takes 1 days wages to work for a pound of wheat... This is the harbinger.

[/quote]

I hear you brother. This has been written about 2000+ years ago. State blockchain with hand/forehead wallets are where this is all headed. And people will rush into it because 'free money'. Keep in mind that people marveled at the beast saying who can go against it? Same is being said about bitcoin. Its a precursor to something else that will tie identity to blockchain. People will love it because it will enrich them greatly. They will worship it

Rob - very important idea/question. You need to allow for custom data to be written into a transaction. I believe that the currently empty 'prayers' field is a possibility. We need a place to enter data that can be encrypted on blockchain.

Why? Because I have a in mind some applications that would benefit from people leaving messages for others. The typical use case is notarization. But I am thinking about something more useful and necessary for a persecuted people in the future.

Yes there are definitely a few fundamental problems with this continuing the way it is, dont get me wrong Im happy for those who had the forethought to buy BTC early for anti-inflation reasons, and happy for the success.

But I believe right now the minimum transaction fee is $17 to send money, and the network is congested.  They would need to get the sidechains working, and have a "master reset" so the price comes down to earth, maybe like a reverse 100:1 reverse split.  There is talk of using microsatoshi instead of satoshi also.  But the tx fees need to be more like .50 cents again! Not $1.70 or $17.00 thats crazy.

The other thing is I dont think BTC is destroying the USD.  Its the other way around, the illuminati are buying BTC because they fear that inflation is going to destroy the dollar soon (IMO).  I see the headlines on RT say China and Russia have created an alternate oil exchange to replace NYMEX.  That is the harbinger of the end of the dollar.  That makes more sense as to why the Bitcoin would rise so fast - its Russia and China ready to kill the dollar.

I would say BBP is a perfect replacement for the small potatoes transactions for now.

Also, its not very cool to see the ground underneath you move 25% per day.  This is what it feels like for those in Venzuela who are eating street and zoo animals now because their inflation is 70,000% and they cant afford a pound of flour per day now.

The Bible says in Revelations, the time is coming where it takes 1 days wages to work for a pound of wheat... This is the harbinger.

I cant see this as good news. Not because it will fall - it wont. It will continue to push through ridiculous levels. So then what happens when people walk around with 100k+++ bitcoins in their pocket? They will buy up real goods and services by the penny. This can only mean prices will shoot up. Inflation because of bitcoin will have a very destructive effect.

Another thing, I do not see banks allowing this especially credit cards. Do you think they want people free from debt? Debtors are the people THEY mine. They wont want to see those slaves freed.

So banks will simply reject / take funds that come from exchanges.

Something will happen to stop this OR it will be allowed to continue so something else can replace fiat. There is something very wrong with what is going on.

fyi, bitcoin just topped $19,000 usd ... coinbase and gdax are both down, probably overwhelmed by all the new customers/traffic.

On this project we just have 2 devs (Core and Web), however, one other dev worked on part of BBP before, and the issue that is relatively complicated is my other team has 5 devs, and I believe 2 of them are interested in potentially helping us, but I have not fully explained to them whats going on over here yet.  So the answer is 2 now, and I hope to have 7 by June of next year.  I think 7 is reasonable given that we will have two very active codebases (Stratis plus Bitcoin).

I think its also reasonable to assume we will have 4-5 volunteers representing different facets of Biblepay, like CFO, Proj manager, PR manager, CTO, and could potentially add the bios to our new web page (beta.biblepay.org) by June 2018.  That would be a nice addition to have some more transparency in this project and professional representation.

I've seen enough crypto chats in telegram .  very bad language ,   trash talking and nothing really helpfull

Ehhrr.. anything can turn into trash talks.. Probably you are in the wrong circles in telegram or just being pessimistic.  I'm in dozens of Telegram channels and they are the perfect environment to stay up to date and talk about the project and learn and ask things for newcomers.. It's anonymous and easy to use as well perfect on mobile.  So yea for a quicker and easier spread of knowledge I'd really suggest BBP to look into telegram, it will definetily work as it does for every larger and even smaller projects that make good use of it.