Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 827. (Read 243376 times)

Was just playing around with the new  "Block History View" which Rob implemented.

For the last 512 blocks which the pool has found, the block reward has these statistics:

mean: 9324
median: 9381
mode (most frequent payout): 5000

The distribution is interesting. It makes me thankful that Rob implemented a 5000 lower reward

BINANCE IS BIG DRAGON BETWEEN EXCHANGES

Good idea guys- I filled out Binances 8 Page application for Community Voting and submitted it.

Binance - Community Coin of the Month - Round 4:
https://support.binance.com/hc/en-us/articles/115003042571-Community-Coin-of-the-Month-Round-4

Binance is ranked #5 in coin volume! https://coinmarketcap.com/exchanges/volume/24-hour/

Sadly it looks like the voting is done on Twitter with retweets, our main Twitter account only has 69 followers so far:
https://twitter.com/BiblePay

I like it! How would we go about it?

Hi everyone,

About the increase in volume for the coin. The guys from Binance opened the "Community Coin of the Month - Round 4".
We could request the coin to be listed. Even if we don't get the coin on the exchange, BBP coul get noticed.

Well to send the money to a charity, it would have to be sold on an exchange, so it would go into circulation anyhow.

send me PM if you wanna cheap VPS with BlackFriday discount 

Hi Dreary,

Sorry man, life gets busy, you know?

I'm not a dev so people are free to correct my answers below. We are developing a new website and, in my opinion, this is going to be one of the major things to address "what is the purpose/use of this currency?".
My answer based on limited knowledge:

1. Biblepay uses a new cryptographic algorithm that uses the KJV bible in the hashing algorithm (I don't know specifics of how it works).
2. The coins, BBP, are a currency that is more fairly distributed (e.g. BTC has ~96% of coins owned by ~3% of addresses). To achieve this the dev has done the following
     a) No ICO (all coins have to be mined)
     b) No pre-mine (all coins have to be mined, even by the dev himself)
     c) The mining is resistant to GPU mining, i.e. this coin is mineable using a cpu meaning that anyone can mine the coins.
3. The project is used to help those in need. Currently 10% of all mined coins sponsor children through compassion.com. There are currently around 180 children sponsored. The charity may change in the future, but always 10% of each block reward will go to charity.
4. In addition to using cpu mining for fairness, this also should help reduce energy usage (a bit problem with BTC right now).
5. To spread the good news of Jesus. There is a readable bible integrated into the BBP wallet.
6. To buy things. The dev is currently testing code where you can buy things using BBP from Amazon. Hopefully more places can be added once this is working correctly.
7. As an investment. The block reward is decreasing at ~1.5% per month. The dev is also working on "retirement coins" which would be a long term hodl, rather than BBP which is more of a currency.

This project is in its infancy, and there is a lot that is still to be done. But it has great potential. A few ideas that I had:

A) BBP could be used to buy things from Christian e-commerce stores (I would hope to convince them to accept BBP as payment directly).
B) Similarly, I would hope that one day charities would accept BBP directly as a donation. I think currently charities are hesitant to accept any crypto as donations due to no clarity over legal issues.
C) To quickly send support to those in need across the world. BTC is so slow and expensive to send. BBP is fast and cheap. We could use this to support people around the world. Imagine a hurricane strikes the country of MadeUpCountry. We could contact a local church/charity and set up a wallet for people to donate to. The local church/charity then can use that support to buy supplies or whatever is needed. This would require places to accept BBP as payment, or an exchange where they could convert BBP -> BTC -> local currency.  Again, this will be a work in progress.

I'm sure there are many other good ideas and I forgot some of the ones I had. But the main point is BBP is supposed to be a fair crypto currency that can be used to help people in need, to purchase goods and services, and as an investment. At least, that's how I see it.
There is much to be done!


EDIT: I forgot to say that the dev hopes to integrate this currency into a debit card for general use ( https://uquid.com/dash-debit-card ) but we need more volume first so marketing and improving features will come first.

By owning and operating a Masternode (Sanctuary), you become a part owner of the whole project
and are granted voting rights which can be used to vote on the direction of the project and on the funding of proposals,
you also get rewarded for keeping the Masternode (Sanctuary) running 24/7.

Masternodes (Sanctuaries) are going live this Christmas, December 25th 2017.

===

Decentralized Governance: https://www.dash.org/governance/

DASH School: https://www.youtube.com/playlist?list=PLiFMZOlhgsYKKOUOVjQjESCXfR1cCYCod

Masternode (Sanctuary) Testing: https://www.reddit.com/r/BiblePay/comments/7bx4bl/need_masternode_testers/

===

Block Reward Breakdown after Christmas*:
10% Charity
5% IT
2.5% PR (Public Relation campaigns)
2.5% P2P (orphan letter writing, Pay To Preach, Pay to be a Priest, FAQ writers, Social Media functions)
40% Miners
40% Masternodes (Sanctuaries)

*Depending upon poll results:
http://forum.biblepay.org/index.php?topic=33.0

i have 2 ppl for translate to KOREAN+BRASIL=PORTUGAL
give me any things,what we need to translate

"Love one another,
be a good Samaritan,
help those in distress (orphans & widows),
and spread the gospel."

Launch Post: https://bitcointalksearch.org/topic/biblepay-10-to-orphan-charity-randomx-mining-sanctuaries-masternodes-2388064

Website: http://biblepay.org/

"BiblePay is a secure deflationary blockchain developed to benefit those in distress.
10% of the emission of the blockchain goes directly to sponsoring Orphans,
with provable contributions, contributed to an organization (Compassion.com) that is more than 75% efficient."

You guys are running a bible coin but not answering my question. It seems weird. So what is the prior purpose of this coin?

Check out this stunning feature Alex added to our block explorer:

https://biblepay-explorer.org/block/d7fd5003bdc606d521c563a60980db4b77a8aaa59963dfa3a05cc08f70ff5542




First he reports the Bible Hash verses found in the block.
Next he reverse engineered the Book of the bible from the verse, in order to provide the full book name, chapter and verse number on the suffix of the verse.
Next he provides a ref-tagger pop-up for reference to the verse itself.

This means our user can hover over the verse and see the actual verse in context!

Isnt that cool?

Yeah, it does appear pretty confusing to see both HPS columns.  The left one is what your client is reporting to the pool, the right one is what the pool is measuring.
I think we can safely take the left one off soon, but give us a little more time, lets do it after Christmas, because right now we are transitioning from the current Proof-of-Biblehash algorithm (f7000) to the new PoBH (f8000), and it will be valuable for diagnostics for another month just to see what the clients are reporting in f8000 after the masternodes go live.  After that we can clean it up a lot, cosmetically.


On a side note everyone I am thinking of writing a PR feature into the wallet to spread BiblePay's popularity.  Im thinking of creating a system to embed a Guid in the build for a PR event, so we can give away some free BBP out of the faucet, Im thinking maybe 250 BBP per wallet, but Only if you redeem the code as a new user.

Something like: you download the windows wallet, and when it opens the first time it creates a redeemable faucet guid.  Then the user can come to the faucet and paste the coupon code into the faucet and receive the BBP into the wallet associated with the coupon.  I have to make it to where if the coupon is not redeemed it doesnt charge the pool (otherwise pool would go bankrupt).

This way Im thinking if I create a google adwords campaign, if I advertise to 1 million new users, maybe we pick up 1000 out of this deal and it costs me 200 * 1000, that would be worth it.

httpb REPORTS---BLOCK DISTRIBUTION you see your total hasrates together  

Hi,

Regarding the pool website, it would be nice to see in the leaderboard "Total Hashes Per Second" column, so I can see my position in the leaderboard, but as it is now, there are two "Hashes Per Second"  columns for some reason.

I have experience with wordpress and did lots of projects with wordpress. I am going to pm you.

Question ... what is "miningpulse" in getmininginfo output?