BiblePay - New Coin Launch - Official Thread

[AlloyReserve]

How does this compare to JesusCoin?

[emdes]

How does this compare to JesusCoin?

Dev about JesusCoin -> https://bitcointalk.org/index.php?topic=2042657.msg21663159;topicseen#msg21663159 

[inblue]

@okane818 Lol, instead of destroying this page with a wall of text you could've just put the link to the page where you copied that from, because the list of nodes is constantly changing anyway:

https://c-cex.com/?id=ws&shownodes=bbp

[ferohers]

Hi everyone,

Why my Hashes Per Second 45k but Hashes Per Second2 only 4.6k?

[muf18]

That's a hell lot of nodes. Are you even mining with some profit or all with loss?
It's still a few satoshi on exchanges...

[jamie1989]

1.3.8 on windows is bad, my cpu usage is jumping up and down with an i7 4790k, here what i get with getmininginfo

Code:

"blocks": 8616,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 1988.306803451724,
  "errors": "",
  "genproclimit": 8,
  "networkhashps": 314175201069.7788,
  "hashps": 19282.73578297141,
  "minerstarttime": "09-21-2017 10:48:27",
  "pooledtx": 0,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 2957,
  "poolmining": false

Does that seem right ?

[m4tsby]

1.3.8 on windows is bad, my cpu usage is jumping up and down with an i7 4790k, here what i get with getmininginfo

Code:

"blocks": 8616,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 1988.306803451724,
  "errors": "",
  "genproclimit": 8,
  "networkhashps": 314175201069.7788,
  "hashps": 19282.73578297141,
  "minerstarttime": "09-21-2017 10:48:27",
  "pooledtx": 0,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "miningpulse": 2957,
  "poolmining": false

Does that seem right ?

I have a box with a 4790k and Im getting around 24k HPS. Raise your genproc - mine is set to 18

[bible_pay]

was excited to review altcoin. interesting concept and noble goals... but technical execution, specifically pool seems dismal. good luck on your endeavor...

Hi Sunk,

What exactly are you concerned with technically regarding 'execution' and 'pool'?  From an unbiased perspective, the pool seems to be one magnitude ahead of every pool in existence (have you ever seen a pool with Orphan letter writing ability and document attachments and bounties)?  The wallet has advanced features that some of the top 50 wallets dont have also. 

Is it possible you guessed? 

[bible_pay]

Hi everyone,

Why my Hashes Per Second 45k but Hashes Per Second2 only 4.6k?

HPS2 takes time to build up.  Its based on how many shares your machine can solve in the current round.

[bible_pay]

So all, I am glad to see the pool is stable over the last 2 days.  It looks like splitting the load worked (knock on wood).

I just wanted to say Ive been busy in the background working on blockchain news.  So far we have the ability to create a news article from the RPC in testnet, but, the feature is still being worked from the GUI perspective.

Yesterday I did some analysis on the shares solved from two similar machines; one on linux one on windows, and although windows has an average HPS less than linux, it does appear windows solves more shares per reported hash.  Doing an in-depth test, I don't see any errors in the HPS counter however.  So that project is still ongoing.

[ufeejingp]

And proportional distribution absolutely fair for all.

[togoshigekata]

@bible_pay youve been doing awesome work!

I was thinking about the average person yesterday,
I think we need an easy way to exchange fiat for BBP like Coinbase, not sure how easy or possible it is.

Right now to get BBP a user would have to create account on Coinbase, transfer money in, buy Bitcoin with market order,
Then set up account on C-CEX, transfer Bitcoin, then do limit order to buy BBP.

[speedyb]

i reinstalled windows i have bible pay up and running how do i recover my original wallet or is it all online? i did a backup before reinstall but i dont see where i can get back to my original wallet?

[emdes]

i reinstalled windows i have bible pay up and running how do i recover my original wallet or is it all online? i did a backup before reinstall but i dont see where i can get back to my original wallet?

Just move your wallet.dat file to the same folder as your biblepay.conf file (Appdata->Roaming->Biblepay)  and restart the wallet

[bible_pay]

@bible_pay youve been doing awesome work!

I was thinking about the average person yesterday,
I think we need an easy way to exchange fiat for BBP like Coinbase, not sure how easy or possible it is.

Right now to get BBP a user would have to create account on Coinbase, transfer money in, buy Bitcoin with market order,
Then set up account on C-CEX, transfer Bitcoin, then do limit order to buy BBP.

You too, and thanks again for the guides.  Hopefully we can get more volunteers like you soon to modify the main embarassing wiki page (wiki.biblepay.org) so we have a more professional presence.

Yeah, I hate to be pessimistic, but that usually takes a year.  The good news is I think we can do it.  I think in our case, we release Sanctuaries at Christmas, then go live with exchange #2 (hopefully bittrex or poloniex) next January, and next March while we start a PR campaign, we can then get to this idea.  I have a list of the top 5 crypto-debit card provider interfaces from another project I am sort of loosely part of.  These are real debit cards, like shakepay and bitwala.  I think once our market depth is more than 3BTC per day, then we can talk about integration.  Otherwise, its just a big joke to think we can ask someone like shakepay to integrate with us.  But I think we can get there once we have exchange #2 and people see price appreciation due to the shrinking coinbase involved with the sanctuaries.

[maarekelets]

@bible_pay youve been doing awesome work!

I was thinking about the average person yesterday,
I think we need an easy way to exchange fiat for BBP like Coinbase, not sure how easy or possible it is.

Right now to get BBP a user would have to create account on Coinbase, transfer money in, buy Bitcoin with market order,
Then set up account on C-CEX, transfer Bitcoin, then do limit order to buy BBP.

You too, and thanks again for the guides.  Hopefully we can get more volunteers like you soon to modify the main embarassing wiki page (wiki.biblepay.org) so we have a more professional presence.

Yeah, I hate to be pessimistic, but that usually takes a year.  The good news is I think we can do it.  I think in our case, we release Sanctuaries at Christmas, then go live with exchange #2 (hopefully bittrex or poloniex) next January, and next March while we start a PR campaign, we can then get to this idea.  I have a list of the top 5 crypto-debit card provider interfaces from another project I am sort of loosely part of.  These are real debit cards, like shakepay and bitwala.  I think once our market depth is more than 3BTC per day, then we can talk about integration.  Otherwise, its just a big joke to think we can ask someone like shakepay to integrate with us.  But I think we can get there once we have exchange #2 and people see price appreciation due to the shrinking coinbase involved with the sanctuaries.

One thing I've never completely understood is how sanctuaries will be implemented. When they are established, how exactly will selections be made on which nodes become Sanctuaries? Is it a matter of putting in a stake?

[togoshigekata]

Awesome!

Im very new to all this cryptocurrency stuff, like 1-2 month new

I really like that this coin has a good cause
I also like that there is a high amount of coins over a long span of time, makes it a lot more fair to give everyone a chance to jump in.
And the governance/budget model from Dash is AWESOME.
You have also been very active Rob! (look forward to a Slack team building up)

====

But yeah I worry about the average person.
I think setting up a miner is a little too technical for most (having to deal with a config file / console commands).
and trading for BBP has too many steps and can be scary, also the average person is probably going to be very intimidated by limit orders.

But yeah Cryptocurrency in general has the issue of not being user friendly for the average person.

====

Currently I update the BiblePay reddit and twitter

https://www.reddit.com/r/BiblePay/
https://twitter.com/BiblePay

And I wrote the mining guides for Windows and Linux
https://www.reddit.com/r/BiblePay/comments/6umlqq/how_to_mine_biblepay_on_windows/  (1,600+ Views!)
https://www.reddit.com/r/BiblePay/comments/6ummuj/how_to_mine_biblepay_on_linux/ (600+ Views!)
(I think I should probably put them on the wiki so everyone can edit and make them better)

====

I guess I could help out the Wiki now:  http://wiki.biblepay.org

I was also thinking of writing a guide on how to buy BiblePay coins

I haven't figured out how to market to non-crypto people, Ill keep thinking about it.
One of my friends has been marketing some on christian facebook groups.

Right now Ive been marketing BBP every now and then in cryptocurrency subreddits.
I want to spread the word so everyone has a chance to be part of this!

All in all, its cool that by owning coins, Im like a small part owner and Im motivated to see the value of those coins rise
I look forward to the future of BiblePay!

[togoshigekata]

One thing I've never completely understood is how sanctuaries will be implemented. When they are established, how exactly will selections be made on which nodes become Sanctuaries? Is it a matter of putting in a stake?

Dash School #5
https://www.youtube.com/watch?v=hm7IYkgIOXc

What is a Masternode?
http://dashmasternode.org/what-is-a-masternode/

===

I believe in the past the dev has said that a person will need 700,000 BiblePay coins to run a single masternode, I think its currently set to 500,000 in the code
Dev plans to go live on masternode functionality in December of this year
(Note: I think he has been calling masternodes sanctuaries)

[bible_pay]

Awesome!

Im very new to all this cryptocurrency stuff, like 1-2 month new

I really like that this coin has a good cause
I also like that there is a high amount of coins over a long span of time, makes it a lot more fair to give everyone a chance to jump in.
And the governance/budget model from Dash is AWESOME.
You have also been very active Rob! (look forward to a Slack team building up)

====

But yeah I worry about the average person.
I think setting up a miner is a little too technical for most (having to deal with a config file / console commands).
and trading for BBP has too many steps and can be scary, also the average person is probably going to be very intimidated by limit orders.

But yeah Cryptocurrency in general has the issue of not being user friendly for the average person.

====

Currently I update the BiblePay reddit and twitter

https://www.reddit.com/r/BiblePay/
https://twitter.com/BiblePay

And I wrote the mining guides for Windows and Linux
https://www.reddit.com/r/BiblePay/comments/6umlqq/how_to_mine_biblepay_on_windows/  (1,600+ Views!)
https://www.reddit.com/r/BiblePay/comments/6ummuj/how_to_mine_biblepay_on_linux/ (600+ Views!)
(I think I should probably put them on the wiki so everyone can edit and make them better)

====

I guess I could help out the Wiki now:  http://wiki.biblepay.org

I was also thinking of writing a guide on how to buy BiblePay coins

I haven't figured out how to market to non-crypto people, Ill keep thinking about it.
One of my friends has been marketing some on christian facebook groups.

Right now Ive been marketing BBP every now and then in cryptocurrency subreddits.
I want to spread the word so everyone has a chance to be part of this!

All in all, its cool that by owning coins, Im like a small part owner and Im motivated to see the value of those coins rise
I look forward to the future of BiblePay!

Hey, thanks a lot for helping with the Wiki page.  We are all grateful to have you here.

Well I think I can help out on those two concerns (Starting the miner and buy BBP).

I can add a feature that allows one click mining from the menu, that does a quick processor baseline test, auto adds the config info into biblepay.conf, saves the config and starts the miner, and allows autostart it on next start.

On buying BBP, I believe Yuri had explained (at one time) that you can buy USD on c-cex with a debit/credit card, and since a market exists that is very liquid for BTC/USD, you can technically buy into BTC in a fractional amount and then buy BBP.  Thats a pretty low bar if it works, although myself being in the US, and having a coinbase account I have never tried it.  Does anyone want to jump in and volunteer and tell us if you can do it, and if there is any limitation for a country like the US for example?

Thanks!

[bible_pay]

One thing I've never completely understood is how sanctuaries will be implemented. When they are established, how exactly will selections be made on which nodes become Sanctuaries? Is it a matter of putting in a stake?

Yeah, like Togo shows, when you invest in a sanctuary, its sort of like renting a seat at the stock exchange.  As long as you hold the seat you receive the privilege of voting on governance issues and receiving a monthly reward (approx 10% of the cost of the seat comes back to you in revenue per month, roughly, depending on how many sanctuaries exist).  The escrow amount is still in the air, West is doing some simulations on that.  Its probably between 600,000 and 1 million BBP of escrow.  The escrow provides a useful service - to allow us to offer instantsend - that means coins can be sent from point a to point b instantly.