BiblePay - New Coin Launch - Official Thread

[oliwer21]

What is diffrenece on miing pool1 and pool2, they are connected somehow?
They have common laderboard and block distribution...
Do both pools get reward when block willbe found?

[bible_pay]

I have yet another question. When mining on pool 2, the "amounts and rounds" section on the wallet UI says 1000/2.  When I mine on normal pool, the "amounts and rounds" section is all zeros.  Any input on that.  Thanks for being active on the thread by the way.

Thats most likely just a coincidence as those arent used until sanctuaries are enabled.

=-=-=-=-=-=

As far as Pool2, it will be going away soon, once we find stability in pool1 for 7 consecutive days.  They share the same database.

[bible_pay]

Pool UPDATE:

In order to find out if a Vultr Win 2012 R2 server can run a pool, I have shut down pool2.biblepay.org, and migrated pool.biblepay.org to Vultr.



Lets see how the performance is overnight and this will tell us if this particular config will be able to be cloned.

[haladez]

Pool UPDATE:

In order to find out if a Vultr Win 2012 R2 server can run a pool, I have shut down pool2.biblepay.org, and migrated pool.biblepay.org to Vultr.

Lets see how the performance is overnight and this will tell us if this particular config will be able to be cloned.

I still can't login on the normal pool.biblepay.org page, I'm getting this error:

Invalid Username or Password

[bible_pay]

Pool UPDATE:

In order to find out if a Vultr Win 2012 R2 server can run a pool, I have shut down pool2.biblepay.org, and migrated pool.biblepay.org to Vultr.

Lets see how the performance is overnight and this will tell us if this particular config will be able to be cloned.

I still can't login on the normal pool.biblepay.org page, I'm getting this error:

Invalid Username or Password

I reset your password to Null, so try logging in with empty, then changing it.

[haladez]

I reset your password to Null, so try logging in with empty, then changing it.

The page doesn't react at all when I leave the password empty.

I think someone else reported the same login issue with the new website.

It works now, thanks.

[inblue]

After the migration I noticed that all miners were removed from the pool and then started to slowly come back, but with 0 shares. Now the shares are increasing again, so it seems fine, although some of my miners are still not up.

Edit: My mistake, I accidentially left those miners on pool2, changed them now to pool.

[fpsnerd]

any problems with the http://pool.biblepay.org/ my workers reports 0 hash power

[seasonw]

any problems with the http://pool.biblepay.org/ my workers reports 0 hash power

You have to wait awhile and let server update your hash power.

[seasonw]

Pool UPDATE:

In order to find out if a Vultr Win 2012 R2 server can run a pool, I have shut down pool2.biblepay.org, and migrated pool.biblepay.org to Vultr.



Lets see how the performance is overnight and this will tell us if this particular config will be able to be cloned.

So far it is quite stable with pool at Vultr as dev mentioned. I see mined 1 block per hour in average.

BTW, since it is nearly block 7000, should we upgrade wallet version? Which is the mandatory latest version? I remember I still have some wallet mining with version 1.0.2.4. C-Cex still with wallet version 1.0.1.9.

[enervey]

I was doing a little research in the BBP Explorer and I'm somewhat worried by the current wealth distribution.

The top two addresses each hold nearly 10% of the supply (12,509,890 and 11,585,552)

http://biblepay.inspect.network/richlist

Based on the transaction amounts in those addresses I would assume both are big miners.

There isn't nearly enough liquidity on C-CEX to sustain large sells if either of those addresses decided to dump...

There also must be some serious equipment working for those addresses to have that many block rewards.

I'm a long-term holder so I'm not going to panic but I thought it should be mentioned here for your input.

[616westwarmoth]

In the end, a lot of small coins have huge shares held by a few users.  In fact a lot of coins big and small have a few oversized users holding mass amounts.  In many cases it is the developer(s) through dev premining or dev shares of block rewards.  Even in some bigger name coins, a mass sell off by the top user would decimate the market for weeks.

But really, I'd buy 12M BBP at 1 satoshi, probably even 5 satoshi.  I'm not the only one that would, so while it would shake things up on a short term, I don't see it as a risk any bigger than coins that have 75% of their volume held by 100 users or less when BPP is still gaining user base and I'd presume there will be a steady growth in users after the 7000 block, a stable pool and a wallet that doesn't change versions three times a week.  Of course, all of those negatives are the reason why some of us like the coin, it's stuff that is normal in the beginning and the problems that have occurred, get addressed and generally resolved fairly quickly.

[happy_merchant]

I was doing a little research in the BBP Explorer and I'm somewhat worried by the current wealth distribution.

The top two addresses each hold nearly 10% of the supply (12,509,890 and 11,585,552)

http://biblepay.inspect.network/richlist

Based on the transaction amounts in those addresses I would assume both are big miners.

There isn't nearly enough liquidity on C-CEX to sustain large sells if either of those addresses decided to dump...

There also must be some serious equipment working for those addresses to have that many block rewards.

I'm a long-term holder so I'm not going to panic but I thought it should be mentioned here for your input.

One of those I believe is the c-cex receiving address that the charity wallet gets dumped to every so often. You could pretty much just think of it as being c-cex, since it probably represents the majority of the BBP supply currently listed on (or just held at) c-cex. Trades on an exchange don't affect the distribution on the blockchain until funds are actually withdrawn.

The other is probably a mining operation. Not much you can do about that, happens with every coin. Even BTC and ETH have wallets out there with massive balances that could disrupt the market if dumped all at once. In any case, as more miners join the network, the proportion of the hash contributed by any single mining organization will be smaller relative to the network hash rate and the percentage of the total BBP supply held by any single miner or group will shrink (unless they invest a lot of money into additional hardware to keep up, which would also mean they'd be less likely to dump for a low price).

[deepcryptomine]

I was doing a little research in the BBP Explorer and I'm somewhat worried by the current wealth distribution.

The top two addresses each hold nearly 10% of the supply (12,509,890 and 11,585,552)

http://biblepay.inspect.network/richlist

Based on the transaction amounts in those addresses I would assume both are big miners.

There isn't nearly enough liquidity on C-CEX to sustain large sells if either of those addresses decided to dump...

There also must be some serious equipment working for those addresses to have that many block rewards.

I'm a long-term holder so I'm not going to panic but I thought it should be mentioned here for your input.

One of those I believe is the c-cex receiving address that the charity wallet gets dumped to every so often. You could pretty much just think of it as being c-cex, since it probably represents the majority of the BBP supply currently listed on (or just held at) c-cex. Trades on an exchange don't affect the distribution on the blockchain until funds are actually withdrawn.

The other is probably a mining operation. Not much you can do about that, happens with every coin. Even BTC and ETH have wallets out there with massive balances that could disrupt the market if dumped all at once. In any case, as more miners join the network, the proportion of the hash contributed by any single mining organization will be smaller relative to the network hash rate and the percentage of the total BBP supply held by any single miner or group will shrink (unless they invest a lot of money into additional hardware to keep up, which would also mean they'd be less likely to dump for a low price).

And here I thought one of them is yours happy . By the way you and 616westwarmoth have been really helpful in this forum so just wanted to thank you both.

[inblue]

Is there a plan to fix the "0 hours behind" qt bug in some future wallet version? If you don't transact and just mine or have a full node, it's not a problem, but if you want to send/receive coins and encounter that bug, then you will have to wait until the next block for the interface to update, which can be a bad user experience as it seems like nothing happened, you don't know if you sent the coins correctly or not.

For example, when I click to withdraw coins from the pool, in the normal circumstances I get a wallet receive notification literally less than 1 second later and the pending balance updates to that amount. But when the bug is present, nothing happens and I don't see anything until the next block, and even then there is no notification, the wallet just updates the available balance when it syncs the next block (so pending balance is never seen).

I'm not sure what steps are needed to reproduce the bug, but for me it'll happen around half of the time when I open my wallet, after it has been closed for at least one block so that it needs to sync.

[happy_merchant]

And here I thought one of them is yours happy . By the way you and 616westwarmoth have been really helpful in this forum so just wanted to thank you both.

Ha, I wish I'm only sitting at like 1.1 million, and that's just because I got in early. My actual mining power is pretty low. Hopefully it'll be enough to start up a sanctuary, even if I have to buy a little more off the exchanges.

It's a good project though so I'll be happy if it succeeds in any case.

[Iuliu]

What are the advantages by running an masternode/sanctuaries ?
What kind of cpu's/pc  it is necessary for running one?

[happy_merchant]

What are the advantages by running an masternode/sanctuaries ?
What kind of cpu's/pc  it is necessary for running one?

I'm not sure what the devs have in mind, but it should be pretty similar to a Dash masternode which you can read about at https://www.dash.org/masternodes2/. Note that in Biblepay, masternodes will only receive 10% of the block rewards as opposed to Dash's 45% (if I'm reading the example in the original announcement correctly). I'm sure some of the other numbers will be tweaked as well since this is primarily a charity coin, but it should give you a general idea of what's involved.

[bible_pay]

BiblePay - Mandatory Upgrade
v1.0.2.9

- F7000 PoBh algorithm (Raising the Bar) - Starts @ block 7000
- Fixed Menu | Help | Read the Bible | Genesis, and Read the bible Lag
- Efficient pool communication (Up to 200 mining threads)

** Please upgrade before block 7000 **
** C-Cex is now in maintenance mode **

(posted on the Official forum:  http://forum.biblepay.org)

[bible_pay]

I was doing a little research in the BBP Explorer and I'm somewhat worried by the current wealth distribution.

The top two addresses each hold nearly 10% of the supply (12,509,890 and 11,585,552)

http://biblepay.inspect.network/richlist

Based on the transaction amounts in those addresses I would assume both are big miners.

There isn't nearly enough liquidity on C-CEX to sustain large sells if either of those addresses decided to dump...

There also must be some serious equipment working for those addresses to have that many block rewards.

I'm a long-term holder so I'm not going to panic but I thought it should be mentioned here for your input.

I wouldnt worry too much, as one of those addresses is the public c-cex receiving address (the b6 address) for coins deposited from the orphan foundation.  Whats happening is we are sending 10% of the block chain tithe funds into c-cex, selling the BBP for BTC, and c-cex is then showing an 'increasing' BBP amount on one address, but people buying with BTC against their house account are consuming some of that supply, so it looks bad from the richlist but in reality that address is getting depleted by buyers on c-cex.

The other assumption I would clarify is some of us are accumulating BBP by buying it, not mining it, like me, Im not doing much mining.