Topic: BiblePay - New Coin Launch - Official Thread - page 9. (Read 119853 times)

Your spamming because the last 4 pages are filled with posts from you- you are becoming the new Satoshiate.

If you want your opinion to count, then kindly *suggest* things with a lot of evidence and have a two way conversation.  I replied to you and pointed out my opinion on the matter and you disregarded it.  In addition, things are not going to be changed that are already building blocks in prod unless they are deemed to be ironclad changes by the whole community.  You would need to run a poll on this on our forum  and receive input from everyone in the comments for this particular issue.

Your handle is Coin Pimp and you want to tell us we are heathens. 

im not spamming. I am pointing out what the Bible speaks to this topic. If thats spam then...

Psalm 69:9

Coinpimp, you stated your opinion.  Our flavor of masternodes are called sanctuaries because they are a place of refuge.  They will make the decisions to release the funds for the orphans benefit.  Money is neutral, it can be used for good or bad.  You are starting to miss the forest from the trees. 

Our sanctuaries are not holy, nor are we defiling Gods holiness to run a sanctuary.
If we set up a bitcoin miner in a temple, then we would be acting in vain.

Stop spamming.

my vote is dont call the masternodes sanctuaries! there is nothing 'holy' about biblepay or masternodes marketed as 'sanctuaries'. Nor is bible pay a church. a couple pages earlier they were being considered to be called 'god' nodes. eh???

i suggest you do a Bible study on 'sanctuaries'. I dont mean google the term, read a bunch of mainstream articles, then form your opinion on it and call it day.  I mean take the Bible out, go to a website that has a concordance and read every single verse, story, and account of it. And pray about it. On your knees type prayer. Understand how God sees them. God will give you wisdom and discernment to understand not to commingle money with a sacred place of refuge.

I mean lets get real here. what does a masternode actually do that one can label it a sanctuary? it holds a cache of units and handles transactions. its a by definition a money changer - Jesus exactly lays out his view on not to perform money changing enterprises inside a sanctuary.

https://www.youtube.com/watch?v=g6FYLZouuMY

https://www.youtube.com/watch?v=boNIL1owRAI

If you want God's favor, do not call it a sanctuary.  

I read a post in the altcoin mining section about a guy that built one of these rigs.  He ordered like 200 of those things, it was insane.  When you scale this stuff up, the real cost isn't how much you are paying upfront compared to the hashrate, its energy usage.  Those arm processors are very efficient and inexpensive.

wow. thats a lot!

Agree to that point. My single Opteron workstation is doing about 1500 coins every 24 hours, but its pricey to run, and loud. I hope to move it to another room and make it the MN box.

MINING_CREDIT   3A10D96A-AC20-4133-826E-99B27DCBD8A1   65.8995   2837.8425   11/6/2017 22:21
MINING_CREDIT   3A10D96A-AC20-4133-826E-99B27DCBD8A1   28.1077   2771.943   11/6/2017 19:25
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Jesus cleanses the Temple is a good topic.  First of all, I feel the greatest sin in this case is disregarding something that is Holy, The Temple, and conducting unholy business in his house.  To Jesus, I bet it feels like they misused the temple as a gathering place, reaped free advertising benefits (because those in the town know where to go to trade), yelled out bids for things (reducing the use of the temple to something unholy), and in general took his Temples dedication in vain. 

Yes, I do think we should take this seriously, and create a document that puts up walls in BiblePay to keep what is holy holy, to show respect for Gods Kingdom.  We should ensure we pass the litmus test - and I believe we do otherwise I would have given up earlier - that we provide a currency for Christians to exchange value while biblically tithing 10% of the top to the orphans.  We dont have any intention of doing unholy things with it, or setting up unholy practices.

The small part of this, the question about conducting business inside a church, I think the answer is the applicaton of biblepay during church hours can be promoted as : educational materials (buying bibles), extending our community to more Christians, using it as a currency to help others in need in the church (IE the one who cant pay their rent maybe receives it in biblepay), and of course our core function: helping orphans, by extending our community those that pick it up might invest a sliver of their retirement account in biblepay, thereby helping orphans now, with the expectation that in 10 years the retirement account can be withdrawn and help themselves.

  If we create a pamphlet with our Dos and Donts that keep us holy, and we gave that to the priest, then he/she would realize this is intended to be done off hours, not during church, etc.

Although I doubt we have a botnet attached (because they would have to go through the trouble to port the full node into the botnet) I dont see that botnet hurting us either - even if it were running in the background right now, the owner would be forced to sell the coins on ccex and it would just drop the market.

The NYC School IT administrator installed bitcoin on hundreds of school machines and ran it as a botnet- until getting busted.  I think this sort of activity is sort of a mosquito on our back in total.

I find it strange that exchanges want to charge when they should make lots of money from the fee every time people buy and sell a coin.  Did you try this relatively new exchange? I don't know if they will be more keen to list coins?  https://www.kucoin.com

What about atomic swaps?  This is a good read, hopefully we wont need the exchanges as much as they need us soon https://cryptoinsider.21mil.com/atomic-swaps-decentralized-exchanges-and-a-look-into-altcoin-io/

i like that you have a long term view. it keeps my hopes up that this is not yet anothe pump and dump scheme found in so many alts/icos.

I was thinking the botnet would be its own pool to have a greater aggregate hashing rate.  On old/low end hardware solo mining is slow and uptime is not as reliable.  It would be evident, I would think, if the difference of the total daily effusion (minting) varied greatly from the total minted coins from each of the registered pools.  Solo miners aren't necessarily minting coins every day.  Admittedly I still have a lot to learn.

I'd wager a botnet would mine solo, it would be very hard to detect and harder yet to combat.  You could do it through the pool but the hope would be a successful coin would warrant many pools, and that would become unwieldy to manage.

Looking at that let me tell you my experience.   I crunched the numbers and found the sweet spot to be Dell T3500 with Xeon X5650 processors.  Ordered a few off eBay for less than $200/each.  While I don't have one of those XU4's I doubt they'd have the same punch per dollar as the T3500 (I compared the Monero hashrate of the i7 listed in the article with my X5650 to determine they were in broad stokes pretty equal and the XU4 was pulling about 1/9th the rate of the i7 at a cost of $50) .  So I deployed several in my home in addition to my normal PC.  When I bought them, they'd pull close to 2000 coins a day on average, now they average about 400 coins a day.  Right now that's about 28 cents per day in BBP.  They run 170 watts, so I am paying 44 cents a day in power per box.  I would suspect most people mining are currently making little or even losing money unless they have very cheap power and that's not including amortizing hardware costs.  But most miners are likely mining for the long haul.  So they accept it might cost them a small premium to mine, but its easier to mine that buy in small quantities.  And there is the hope that the coin will be successful and rise in value.  But the nice thing about Biblepay is as long as it is GPU resistant, it's got a bright future if it can make it through these last few road blocks.  So as the coin rises in price, more miners will enter, the difficulty will increase and I'll probably drop to 200 coins a day but still be bringing in 30 to 40 cents at that new price.

The drawback I see with this is the possibility of bot nets mining this coin and keeping a lid on appreciation.  They would mine it using hacked computers in order to exchange the BBP for BTC.  Is there any evidence of this occurring?  To combat it I would think you would need to require all pools to be registered.  Accounts with disparate IPs would be suspect for botnets, but I suppose that could impair some cloud miners.  People mining with their own rigs should be on the same subnet. 

I have a question for everyone: Do you think presenting this coin to a church audience would violate this scripture, or any scripture?  For instance, Catholic Mass has collections for operations and then a second collection for a cause.  I have also been to churches which do fundraising in the foyer of the church, or sales of items after church inside the church.  Do you think it would be against scripture to do PR for this coin around a church congregation? Just looking for everyone's input on this.

All-

CoinExchange.IO declined our offer to list for 500,000 BBP down and the balance of the 2BTC over 6 months:


Hi biblepay,

Thank you for your interest but we respectfully decline your application to list on CoinExchange.io at this time.

All the best with your coin.

Sincerely,

CoinExchange.io Support Team


=-=-=-=-=-=

I sent them a thank you reply explaining how you cannot serve both God and Mammon.

Lets dust ourselves off and keep searching for another exchange. 

I was checking things about an hour ago, and somehow our cloudflare SSL setting spontaneously changed back.
Anyway, its working again now.

Ill look into a different flavor of SSL over the next few days.

Rob

Hi Rob, it was automatically reverting to solo mining.

Actually I apologise, I didn't read your first comment correctly.
I changed pools to

pool2.biblepay.org

and that fixed everything

Thanks!

Didnt mean to mislead anyone on this.  I was waiting to get a really good feel for our average coin value on c-cex.  I still feel the value of the investment should be closer to $1,200 on Thanksgiving.  That will most likely give us about 500 masternodes over the long term (and we dont have a huge full-external node problem since we are CPU mined so thats nice). 

So on Thanksgiving, Ill run the numbers and finalize it and we will all have one full month to buy the remainder and go live with Sanctuaries!

Its probably going to be closer to 1.5 million coins per sanctuary and we will not have Temples.