BiblePay - New Coin Launch - Official Thread

[emdes]

- Fix inconsistent switching between Pool health down, and solo mining (into 5 minute blocks)

Finally, thank you ! All we need now is a stable pool  

[bubbles_depot]

BiblePay Non-Mandatory Upgrade Available
Version 1.0.2.6:


- Combine communications from all threads to one packet
- Fix inconsistent switching between Pool health down, and solo mining (into 5 minute blocks)
- Fix inconsistent POOL_DOWN messages in miner


Pool Miners: Please upgrade to alleviate load on the pool.

How to safely upgrade wallet? Is it just a case of installing new download?

[inblue]

Dev is so active that I can't keep up with the new versions, as soon as I installed 1.0.2.6 on 10+ computers, 1.0.2.7 showed up.

Edit: I can't connect on 1.0.2.7, debug.log at the end:

Code:

2017-08-31 20:39:27 Loaded 70 addresses from peers.dat  1ms
2017-08-31 20:39:27 dnsseed thread start
2017-08-31 20:39:27 net thread start
2017-08-31 20:39:27 mnbcon thread start
2017-08-31 20:39:27 addcon thread start
2017-08-31 20:39:27 opencon thread start
2017-08-31 20:39:27 msghand thread start
2017-08-31 20:39:27 BibleMiner -- started thread 0.000000
2017-08-31 20:39:27 BibleMiner -- started thread 1.000000
2017-08-31 20:39:27 BibleMiner -- started thread 2.000000
2017-08-31 20:39:28 BibleMiner -- started thread 3.000000
2017-08-31 20:39:28 BibleMiner -- started thread 4.000000
2017-08-31 20:39:28  ** Started 4.000000 BibleMiner threads. ** ^M
2017-08-31 20:39:28 init message: Done loading
2017-08-31 20:39:31 socket recv error Connection reset by peer (104)
2017-08-31 20:39:36 Loading addresses from DNS seeds (could take a while)
2017-08-31 20:39:37 42 addresses found from DNS seeds
2017-08-31 20:39:37 dnsseed thread exit
2017-08-31 20:41:37 socket recv error Connection reset by peer (104)

Edit 2: This seems to be unrelated to the version upgrade, something else broke at my local setup. It's like I'm banned, because I can reach the main node by pinging.

Edit 3: Solved it by running this command:

Code:

addnode "97.99.69.33:40000" "onetry"

In the conf file I had addnode=node.biblepay.org, so now I don't know if the above command would have also worked with the DNS or just with the IP.

[616westwarmoth]

How to safely upgrade wallet? Is it just a case of installing new download?

For a windows box, just download and install, it overwrites what it needs to but keeps most your settings intact.

[Iuliu]

Dev is so active that I can't keep up with the new versions, as soon as I installed 1.0.2.6 on 10+ computers, 1.0.2.7 showed up.

Edit: I can't connect on 1.0.2.7, debug.log at the end:

Code:

2017-08-31 20:39:27 Loaded 70 addresses from peers.dat  1ms
2017-08-31 20:39:27 dnsseed thread start
2017-08-31 20:39:27 net thread start
2017-08-31 20:39:27 mnbcon thread start
2017-08-31 20:39:27 addcon thread start
2017-08-31 20:39:27 opencon thread start
2017-08-31 20:39:27 msghand thread start
2017-08-31 20:39:27 BibleMiner -- started thread 0.000000
2017-08-31 20:39:27 BibleMiner -- started thread 1.000000
2017-08-31 20:39:27 BibleMiner -- started thread 2.000000
2017-08-31 20:39:28 BibleMiner -- started thread 3.000000
2017-08-31 20:39:28 BibleMiner -- started thread 4.000000
2017-08-31 20:39:28  ** Started 4.000000 BibleMiner threads. ** ^M
2017-08-31 20:39:28 init message: Done loading
2017-08-31 20:39:31 socket recv error Connection reset by peer (104)
2017-08-31 20:39:36 Loading addresses from DNS seeds (could take a while)
2017-08-31 20:39:37 42 addresses found from DNS seeds
2017-08-31 20:39:37 dnsseed thread exit
2017-08-31 20:41:37 socket recv error Connection reset by peer (104)

I just download it for windows 64 and it is still the 1.0.2.6

[inblue]

I just download it for windows 64 and it is still the 1.0.2.6

Windows builds are always updated a little later, I compiled it from source.

[Bannedseller]

BiblePay Non-Mandatory Upgrade Available
Version 1.0.2.6:


- Combine communications from all threads to one packet
- Fix inconsistent switching between Pool health down, and solo mining (into 5 minute blocks)
- Fix inconsistent POOL_DOWN messages in miner


Pool Miners: Please upgrade to alleviate load on the pool.

How to safely upgrade wallet? Is it just a case of installing new download?

Hey Dev, I have the same question. Is it very easy to install/update the wallet

[bible_pay]

Dev is so active that I can't keep up with the new versions, as soon as I installed 1.0.2.6 on 10+ computers, 1.0.2.7 showed up.

Edit: I can't connect on 1.0.2.7, debug.log at the end:

Code:

2017-08-31 20:39:27 Loaded 70 addresses from peers.dat  1ms
2017-08-31 20:39:27 dnsseed thread start
2017-08-31 20:39:27 net thread start
2017-08-31 20:39:27 mnbcon thread start
2017-08-31 20:39:27 addcon thread start
2017-08-31 20:39:27 opencon thread start
2017-08-31 20:39:27 msghand thread start
2017-08-31 20:39:27 BibleMiner -- started thread 0.000000
2017-08-31 20:39:27 BibleMiner -- started thread 1.000000
2017-08-31 20:39:27 BibleMiner -- started thread 2.000000
2017-08-31 20:39:28 BibleMiner -- started thread 3.000000
2017-08-31 20:39:28 BibleMiner -- started thread 4.000000
2017-08-31 20:39:28  ** Started 4.000000 BibleMiner threads. ** ^M
2017-08-31 20:39:28 init message: Done loading
2017-08-31 20:39:31 socket recv error Connection reset by peer (104)
2017-08-31 20:39:36 Loading addresses from DNS seeds (could take a while)
2017-08-31 20:39:37 42 addresses found from DNS seeds
2017-08-31 20:39:37 dnsseed thread exit
2017-08-31 20:41:37 socket recv error Connection reset by peer (104)

I just download it for windows 64 and it is still the 1.0.2.6

I just verified the 64 bit download on www.biblepay.org: It is 1.0.2.7.


To upgrade on windows:

Just download and run the installer- it upgrades the registry entries automatically.

[cryptocurrencyfreak]

Can we please have it so that the current binary numbers are listed on the site or at least in the filename download?

[bible_pay]

ANNOUNCEMENT:


It is obvious that the BiblePay Cryptocurrency has a strong interest by thousands of users and many want to see us succeed.  Our dedicated user-base is growing by 5% per day, our external node count is very close to reaching 1000 nodes, we have over 20 million hits per day in our first pool, we have a slack team planned to handle growth, we have our f7000 release planned (raising the bar), and even have a new pool coming out of development in 2 days.

Part of the growing pains we are experiencing is creation of our own slack IT group, along with dedicated operations forum topics, and subtopics.  For example, PR, Sanctuaries, Charitable steering, IT issues, Tickets, etc.  In this way we can become more organized.  In our current admin tools setting, we are unable to create subtopics or organize our communication abilities, create managers & administrators,  or even perform the most basic business process.

So that we can grow in a more professional way going forward, we are launching a dedicated forum for biblepay:

http://forum.biblepay.org/


Please post new communications on the New Coin Launch official thread on that site going forward, to ensure a response is received.

Rob - the lead dev - will be creating a testnet thread on forum.biblepay.org for the current testnet issues.

In approximately 15 days, we will start forming our slack group (around the time of the f7000 release).

Best Regards,
Rob
Lead Dev


EDIT:  PS, If the captcha picture for registration does not show, click LISTEN and use the audio to register.  I will enter a ticket for that issue.

[Seyar]

Although its a long term investment I see this coin at atleast 100 sats within a month, great work going on! Keep it up!

[DisasterFaster]

So the machine is a custom gaming desktop I built.  I have a SINGLE Ryzen 1800x 8 core/16 thread OC to 4.0 ghz at 1.35v.  Power draw is around 125 watts from what I've read online, although I cannot personally get an accurate reading.  PSU is 850 watt corsair gold standard, I forget the model, but the only reason for this is the 2x RX 580 GPU I also run for gaming/mining other coins.  Considering the current exchange rate, and the obvious increase that is going to occur over the long run, this is a super investment no matter the power cost.  At my current rate I calculated about 7$ a day with a single CPU.  That's pretty sweet, and for a good cause too!

Thanks a lot for the specs.  That came out of left field.  As of a couple weeks ago, I was assuming the newer intels were 2* faster than the amds (because I have 6 two year old 6 core amds sitting around from a prior project) and they all hash at 87k, while my friends intels hash around 125k (while being 2 years newer), and then we had the xeon server guy hash at 350k on an old quad core xeon (unknown proc count though), causing me to order a couple xeon servers which are not racked yet.  So, basically, the brand new AMD ryzens, pulling about 200 watts, can hash at 450k, making them the fastest the leaderboard has seen.  

  Looks like we will need a wiki page to start logging all this by specific processor type.  I would really like to see a wattage column also (the intel i5 laptop can hash at 100k using a 20w total consumption from a solar panel etc).  

Yeah, we should set up wiki.biblepay.org.




On the bright side, with the algorithm tweak coming at block 7000 (with the f7000 feature) we will have to re-establish everything we know as the hashps will be lower for everyone, and the txid lookup may influence the result slightly differently over machines (due to disk lookups in the mix), although in general I believe everyone will drop an equal percentage overall (due to disk caching).

I can smoke those hashrates.

Here is an Intel 6950X not overclocked and only running at around 85%:

{
  "blocks": 5692,
  "currentblocksize": 1227,
  "currentblocktx": 1,
  "difficulty": 0.0247005107825164,
  "errors": "",
  "genproclimit": 32,
  "networkhashps": 154824.4910688971,
  "hashps": 529753.9278144059,
  "minerstarttime": "09-01-2017 11:55:29",
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 367450,
  "poolmining": false
}

This is what my ryzen 1800 X's pull not overclocked running at 98%:


{
  "blocks": 5692,
  "currentblocksize": 1227,
  "currentblocktx": 1,
  "difficulty": 0.0247005107825164,
  "errors": "",
  "genproclimit": 30,
  "networkhashps": 154824.4910688971,
  "hashps": 498310.9054922305,
  "minerstarttime": "09-01-2017 14:54:42",
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 183522,
  "poolmining": false
}

This is a lowly i7 3770 running at 98% not overclocked:

{
  "blocks": 5692,
  "currentblocksize": 1227,
  "currentblocktx": 1,
  "difficulty": 0.0247005107825164,
  "errors": "",
  "genproclimit": 14,
  "networkhashps": 154824.4910688971,
  "hashps": 187279.196895541,
  "minerstarttime": "09-01-2017 11:48:02",
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 133281,
  "poolmining": false
}

Edit:

On my way to the other forum woops

[bible_pay]

So the machine is a custom gaming desktop I built.  I have a SINGLE Ryzen 1800x 8 core/16 thread OC to 4.0 ghz at 1.35v.  Power draw is around 125 watts from what I've read online, although I cannot personally get an accurate reading.  PSU is 850 watt corsair gold standard, I forget the model, but the only reason for this is the 2x RX 580 GPU I also run for gaming/mining other coins.  Considering the current exchange rate, and the obvious increase that is going to occur over the long run, this is a super investment no matter the power cost.  At my current rate I calculated about 7$ a day with a single CPU.  That's pretty sweet, and for a good cause too!

Thanks a lot for the specs.  That came out of left field.  As of a couple weeks ago, I was assuming the newer intels were 2* faster than the amds (because I have 6 two year old 6 core amds sitting around from a prior project) and they all hash at 87k, while my friends intels hash around 125k (while being 2 years newer), and then we had the xeon server guy hash at 350k on an old quad core xeon (unknown proc count though), causing me to order a couple xeon servers which are not racked yet.  So, basically, the brand new AMD ryzens, pulling about 200 watts, can hash at 450k, making them the fastest the leaderboard has seen.  

  Looks like we will need a wiki page to start logging all this by specific processor type.  I would really like to see a wattage column also (the intel i5 laptop can hash at 100k using a 20w total consumption from a solar panel etc).  

Yeah, we should set up wiki.biblepay.org.




On the bright side, with the algorithm tweak coming at block 7000 (with the f7000 feature) we will have to re-establish everything we know as the hashps will be lower for everyone, and the txid lookup may influence the result slightly differently over machines (due to disk lookups in the mix), although in general I believe everyone will drop an equal percentage overall (due to disk caching).

I can smoke those hashrates.

Here is an Intel 6950X not overclocked and only running at around 85%:

{
  "blocks": 5692,
  "currentblocksize": 1227,
  "currentblocktx": 1,
  "difficulty": 0.0247005107825164,
  "errors": "",
  "genproclimit": 32,
  "networkhashps": 154824.4910688971,
  "hashps": 529753.9278144059,
  "minerstarttime": "09-01-2017 11:55:29",
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 367450,
  "poolmining": false
}

This is what my ryzen 1800 X's pull not overclocked running at 98%:


{
  "blocks": 5692,
  "currentblocksize": 1227,
  "currentblocktx": 1,
  "difficulty": 0.0247005107825164,
  "errors": "",
  "genproclimit": 30,
  "networkhashps": 154824.4910688971,
  "hashps": 498310.9054922305,
  "minerstarttime": "09-01-2017 14:54:42",
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 183522,
  "poolmining": false
}

This is a lowly i7 3770 running at 98% not overclocked:

{
  "blocks": 5692,
  "currentblocksize": 1227,
  "currentblocktx": 1,
  "difficulty": 0.0247005107825164,
  "errors": "",
  "genproclimit": 14,
  "networkhashps": 154824.4910688971,
  "hashps": 187279.196895541,
  "minerstarttime": "09-01-2017 11:48:02",
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 133281,
  "poolmining": false
}


Now I also have i7 6700's. Fact is I have 26 each i7 3770's, 2 each Ryzen 1800x's, 2 each i7 6700's and 1 each 6950X.

I've been mining this coin since the very beginning and will likely be forced to permanently stop mining it today or tomorrow and it's a bit heartbreaking.

Here is what is going on with my 30+ PC mine.

Early on with the coin my most expensive machine the 6950X can't mine anything. The next most expensive Ryzen 1800 mines okay but not much better than the i7's . The i7's both 6700 and 3770 mine the most blocks.

As you can see the more expensive my equipment and the more money I invest mining the coin the worse I fail.

Now as of the last few days and today nothing here can mine even 1 block. The party is over lol and it's sad to pull off the coin but for whatever reason I am unable to mine I can't possibly point 40K worth of machines spending $400 a month on electricity and watch day after day nothing being mined.

I've also got servers here I could point at the coin but after seeing the more powerful boxes performing less I saw no reason to do that.

Haven't had time to go through the code but I have a strong impression the coin fights higher hash rates and past that maybe it is such that as of the last few days the difficulty level has exceeded the territory of solo mining.

Edit Below:

A few other observations for your Wiki

I have multiple IP's here due to more than one incoming internet ISP. I've noticed at times one IP completely stops mining while the other continues normally? Maybe due to being banned I have no clue.

Another observation is I frequently would mine a block to only have it literally vanish before being confirmed and yet no orphan block shows up in the wallet as with other wallets. Maybe the coin is designed such that when an orphan block occurs and you lose a mined block it is not recorded in the transactions?

Finally, upon noticing that higher hash rates tended to not fare well I tried an experiment. What I did was take the more powerful boxes and create numerous user profiles in Windows. I then installed BBP once per profile and then adjusted the genproclimit such that instead of having one instance of BBP running on the box at max CPU I ended up with many instances of BBP running on that one box albeit each of them limited down. Initially this worked great and produced blocks however within days the party was over lol and the boxes with multiple profiles stopped finding blocks nearly completely.

Sorry to hear you are losing perseverance on this.
Side Note:  I Cannot reply on this thread consistently in the future, we must use the new forum.

Anyway, I do want to say, there are two rules in the current beta pool affecting you.  One is a 24 max threads limit, and the other, an automatic IP ban when the same IP hits the server over the threshhold per second (due to the DDOSses we experienced recently).

The good news is, pool2.biblepay.org will not have the same limitations.  Its already got a 100 max threadlimit, and I believe now that we have cloudflare, we can remove the auto-ip ban.  However, you have to mine with 1.0.2.7+, with the more efficient packet.   Let me know if you want to give it a shot, point the miners to 'pool2.biblepay.org' and I can work with you on getting it consistent.  Please post results in the new forum though.

Thanks,
Rob

[hamarana]

HI.. I dont understand the economy of BiblePay.. how can it create wealth if it is not scarce ? 14 billion coins and each one even has that amount of divisibility as in bitcoin ? There´s is just not enough money to cover that.. instead of deflationary it just very inflationary.. If I pay one dolar today for a single one when there are only a 100 thousand coins.. by the end of the year there will be 1 billion coins, what will my 1-dollar-worth-of-BBP represent by then ? and the next year when there will be 2 billion coins ? and the next ? .. i just keep losing value instead of gaining... .. how can that create wealth ?

[oliwer21]

The good news is, pool2.biblepay.org will not have the same limitations.  Its already got a 100 max threadlimit, and I believe now that we have cloudflare, we can remove the auto-ip ban.  However, you have to mine with 1.0.2.7+, with the more efficient packet.   Let me know if you want to give it a shot, point the miners to 'pool2.biblepay.org' and I can work with you on getting it consistent.  Please post results in the new forum though.

Thanks,
Rob

When pool2 will start working as i see accounts are copied from 1st pool. And laderboard shows 1 st pool?
Rules the same like pool one? Especialy when you gain coins?

[bible_pay]

HI.. I dont understand the economy of BiblePay.. how can it create wealth if it is not scarce ? 14 billion coins and each one even has that amount of divisibility as in bitcoin ? There´s is just not enough money to cover that.. instead of deflationary it just very inflationary.. If I pay one dolar today for a single one when there are only a 100 thousand coins.. by the end of the year there will be 1 billion coins, what will my 1-dollar-worth-of-BBP represent by then ? and the next year when there will be 2 billion coins ? and the next ? .. i just keep losing value instead of gaining... .. how can that create wealth ?

Its not inflationary, because we DECREASE the supply by 10% per year.

Inflationary coins, like those that pay interest on the total supply, INCREASE the supply per year, therefore they are INFLATIONARY.

You have to realize that our massive emission of supply will be bought up cheap and widely held.  After basically one year, things should really pick up for the holders.

In relationship to a central banks dilution, it should be a better investment, as long as : Our community exists, and the slack group of IT developers exists. 

The effect of sanctuaries should be a major influencing component, if not, the primary impetus.

[bible_pay]

The good news is, pool2.biblepay.org will not have the same limitations.  Its already got a 100 max threadlimit, and I believe now that we have cloudflare, we can remove the auto-ip ban.  However, you have to mine with 1.0.2.7+, with the more efficient packet.   Let me know if you want to give it a shot, point the miners to 'pool2.biblepay.org' and I can work with you on getting it consistent.  Please post results in the new forum though.

Thanks,
Rob

When pool2 will start working as i see accounts are copied from 1st pool. And laderboard shows 1 st pool?
Rules the same like pool one? Especialy when you gain coins?

Yes, pool2 shares the same database server as pool.  All rules are the same, except:
Pool2 has no IP ban threshhold, hit is as much as you want.
Also Pool2 has a 200 threadlimit max, so it should be able to handle unlimited size servers.  As long as they run 1.0.2.7+ against it.

[bible_pay]

Hi are you working on any real world partnerships and if so what are they? thanks

Im working with May from Compassion on our IT relationship.  Im trying to make a bridge between Biblepay and inbound/outbound letters through their API, so our pool and wallet will be able to receive Incoming orphan letters.  Right now we are in baby step 1 to support Outgoing letters. 

But from the high level, these things are going to happen which really drives the coins future:

- Slack group to be created by the end of the month, so that we have 7 members in our IT department: developers, security, bitcoin commits for biblepay, and management.
- Sanctuaries at the end of the year:  Those real community members nodes will vote on future charities, and drive where the money is spent.  Also, those real members can vote on everything and take over the whole coins future.  I wont have any say in it, but I want to lay ground rules before they go live- such as : Ensure we stay with charities over 75% efficient.  I feel compassion for people in US hospitals, like Childrens hospital, but, I feel MORE for starving orphans in 3rd world countries because the money spent makes more impact per $.  Hopefully the vision will stay consistent later as I turn over the reigns to the sactuaries.

I would also like to eventually cover developer compensation as a small percent of our superblocks, so that IT stays committed with low turnover.  But at this point, we dont need to discuss that as this is a grass roots effort to get started.  Im just pointing out that, if our market cap exceeds $20 mil, it would be nice to allocate 1% of the 10% to IT development, and potentially make the slice 11% (as I think we should remain biblical as far as tithing 10% back to our charities).

[bubbles_depot]

What exactly is happening at f7000?

[616westwarmoth]

HI.. I dont understand the economy of BiblePay.. how can it create wealth if it is not scarce ? 14 billion coins and each one even has that amount of divisibility as in bitcoin ? There´s is just not enough money to cover that.. instead of deflationary it just very inflationary.. If I pay one dolar today for a single one when there are only a 100 thousand coins.. by the end of the year there will be 1 billion coins, what will my 1-dollar-worth-of-BBP represent by then ? and the next year when there will be 2 billion coins ? and the next ? .. i just keep losing value instead of gaining... .. how can that create wealth ?

I'm not offering investment advice.  But you have to consider several factors.  With a new coin there will always be a sudden influx as it goes from 0 to 'X'.  Some coins do this by pre-mining the coin to "pay" for rewards (such as translating white papers or making a coin faucet), services (getting listed on exchanges) or dev share (giving coins to the person or persons that made it).  It's not uncommon for 5% of the coins to be pre-mined, and much higher numbers are seen regularly.  With this coin there was no pre-mine, so it started from zero and the inflation you see was a natural outcome.  But as the dev said, the coin is not overall inflationary as it pertains to the crypto world (yes, in common economic terms it would be).  This coin reduces it's block reward year over year (similar to what Bitcoin or any other number of deflationary coins do).  It has a set target for maximum supply (14.5 Billion).  While this is a large number, consider the maximum supply of Bitcoin is 21 Million.  In it's four years it went from 0 to just under 10.5 Million coins (half it's supply).  At it's infancy you could buy thousands of Bitcoin for $1.  If Biblepay proved to be as utilized as Bitcoin (unlikely but for the sake of argument) then you'd say it could have a value of up to 1/1000th of a Bitcoin based on supply.  Again, this level of valuation is almost certainly not going to occur.

Basically, at this point in a coins life you can invest in it (via cash or mining) to be a part of supporting a new coin or you can invest in it for the hope it rises in price.  While I personally think it will rise at some point, I'm also cautious that it could drop in the short term.  If you're looking to make a quick buck, I think there are other options out there that would prove more likely to quickly enrich you.