Topic: BiblePay - New Coin Launch - Official Thread - page 149. (Read 119850 times)

Hello Bible_Pay,

Is "BiblePay 1.0.1.6b - Mandatory Release" the current release available from the website?  Currently only seeing Biblepay Core version 1.0.1.6 (64-bit).

Will a delay in updating local clients cause a fork issue again?  Mining false blocks?

Thank you.

You are probably thinking about a mnemonic wallet.

This wallet works different to a mnemonic wallet. A wallet is a database for storing private keys of public/private key pairs as well as transactions relating to those keys. When PoW coins generate a reward (like in this case) the reward is tied to the public key (address) and the private key to spend it is in your wallet. Each new block that you solve gets a new address. Your wallet later contains several private keys. The wallet adds up the coins in all your addresses of all the private keys you have control over in your wallet as a wallet total. With coin control you can move coins linked to specific addresses. You can move the coins to one address and consolidate or you can leave them in the separate addresses. In certain cases it is good to consolidate and in other cases it is not necessary. With this coin you do not need to consolidate. Just make sure you make a regular backup of your wallet. In the case of Proof of Stake coins it is sometimes good to consolidate if the staking rewards are based on percentages and the maturity time is long. It is not relevant here though so you can leave them as is. Sometimes when you sit with dust in many addresses, you can do a sweep that will collect everything and place them in one address for housekeeping purposes.

Lets look at it from another angle. Lets say you solved 10 blocks and you have 10 different addresses in your wallet. You can dump the 10 key pairs and import the private addresses into a new wallet and your coins will be there in their different addresses just as per the 1st wallet.

This is why a rich list is never really a rich list because only coins consolidated to one address will be at the top. Someone could have the most coins of all in his wallet but not feature in the top 10 or top 100 for that matter because all his individual addresses will be listed with their small number of coins that were received as block rewards. You will find the individual addresses of your wallet in the block explorer with their block rewards in them. There are ways and means to figure out which accounts are linked to others in a wallet to get a view of possible rich wallets through a process called taint analyses.

A wallet is just a key, there is no "wallet address" exactly. The key can be used to generate addresses belonging to that key. Any BBP sent to any address generated with your key is added to your wallet balance.

Normally, when you mine a block a new address will be automatically generated using your key to receive the block reward. There's no need to condense these funds into a single address, the full balance of your wallet is usable as is.

Hello,

I have a question that I have received 2 blocks but both shows different BiblePay address, so do I have to transfer them to my wallet address.
The address that is showing under the receiving option ?


Sorry its a noob question , but I could find on google.

Okay, I see what you mean. BibleHash uses the previous block's timestamp in generating the hash, and that information's not provided in a typical stratum job. That definitely raises the bar a little for creating a standalone miner, but not really something that would hamper any serious efforts. Your original historical transaction idea would probably be effective, if the transaction was somehow deterministically chosen using the block header hash similar to how you choose bible verses, since that would be something the pool couldn't determine prior to issuing jobs and each miner would have to retrieve itself for every BibleHash attempt thus requiring them to have access to the full blockchain.

I like the idea of integrating a pool miner with the wallet. It'd make BBP more accessible for users who aren't crypto enthusiasts.

You can install it on Linux if you are concerned. If you want to mine, use a VPS and if you just want a wallet use a Raspberry Pi.

As long as there is a built in miner in the wallet there will be one or two "virus" warnings. This originated from the days when Bitcoin was mined with CPUs and malware was distributed to botnets to mine Bitcoin for the malware owner. Bitcoin mining wallets were then started to be flagged as a "virus". The only way to get rid of the warnings will be to remove the built in miner which actually defeats the purpose of a CPU minable coin. You will be waiting a long time.

Would anyone happen to know how to setup a Windows based VPS node for BBP?  I would really like to be able to support this network.

Thank you.  : )

Bible_Pay - Thank you for the explanation about the anonymous feature.

The build has the same dependencies as bitcoin, so there should not be a virus warning.  Try downloading from chrome.

Yeah man, my laptop with 3000hashps found a block yesterday 

Yeah, on a linux VPS. tried agin while paying closer attention last night and I think I'm just running out of RAM.

Do you need a pool for mining now? Can leave so far only solo mining? When complexity grows significantly, then you can pool.

selling 50 000 BBP - 1 BTC
pm
 

Ill be waiting for another version built without any virus warning. Even if virustotal doesn't show any real threat, when I open the client I get warnings everywhere...

So sad because seems a new concept.

I try genproclimit  = from 60 to 90

CPU load aroud 80%   and hashrate around 10k.

tnx

I have a 20 core xeon cpu and I can run 40, 80, 256, 512 threads and my cpu still sits at 25%-30%. I think there is a hard limit on thread count.

I have a core i7 6700k and genproclimit  = 90.

The CPU sits at around 50% load.

how you get 22010???

on my i7 2600k  i have only

{
  "blocks": 699,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 0.003793990490425215,
  "errors": "",
  "genproclimit": 60,
  "networkhashps": 1690.294283792872,
  "hashps": 9968.42558859247,
  "minerstarttime": 1501251844899,
  "pooledtx": 0,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true
}

My hashps is only a little higher then yours and I've gotten three over the past two days. Don't give up it can be very random but on a long enough timeline it'll work out.

Try closing the wallet and then deleting your blk00000.dat file. Then relaunching the wallet. You might be on the wrong chain. When in doubt backup your wallet in two places and then just delete the folder and restore your wallet.dat

Hello,

DO I have any chance to get a block ?

Below is my stats-

{
  "blocks": 697,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 0.002779185900518826,
  "errors": "",
  "genproclimit": 90,
  "networkhashps": 1673.446772752131,
  "hashps": 22010.90600526033,
  "minerstarttime": 1501237694818,
  "pooledtx": 0,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true
}