BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)

[slovakia]

i checked= 1day=980MB   its so much

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[secoccular]

Looking at connected clients it seems a lot more is sent than received, but again this is chain data.   Passing it along to other nodes

But where is it being passed along to? If all our wallets are sending 99%, someone out there has to be receiving. My wallet receives about 50MB for every GB sent. The ratio just seems off.

[thesnat21]

Looking at connected clients it seems a lot more is sent than received, but again this is chain data.   Passing it along to other nodes

But where is it being passed along to? If all our wallets are sending 99%, someone out there has to be receiving. My wallet receives about 50MB for every GB sent. The ratio just seems off.

Good question, it generally would be to any new clients, or clients that are out of sync.

If you look at the peers tab under tools,  it will tell you specifically the data sent/received for active clients.

If someone deletes their chaindata and resyncs,  or starts a wallet thats been offline.. or new users jump on they would all cause that send value to jump.

[vahtis]

Someone moved some bbp from c-cex
https://pasteboard.co/HQXK2Hf.png

[slovakia]

anybody knows howis working POG? Robs answers hurts me  

this is his answer omg

im still dont understand whats point for this
for newbie,when we start,what i have to do?
steps?
1.step  install bbp wallet
2.step  buy bbp from exchange or ie i have 330 000bbp in wallet
3.step  whats next?

The difference is someone who buys 25000 bbp off the exchange can get started with POG almost instantly and receive mining rewards - wihtout buying expensive equipment or renting servers - their tithe total in 24 hours is the tithe_weight for the pool.  Its pretty simple to understand I think, as compared to understanding what you need to do to start PODC mining.

So the bbp miner single thread tries to send a tithe once every hour (this is a spork setting).  You can scan your log for (grep for) SendTithe.  In my case i have one exactly once per hour in the log with an error saying wallet unlock required (you need to leave your wallet unlocked in testnet if its encrypted).  I think in prod we may be able to either use the popup podc password to auto tithe.

Now do you get it?  In 24 hours all applicable tithes would be sent automatically, meaning the user is POG mining without learning anything.

[vahtis]

anybody knows howis working POG? Robs answers hurts me  

If mine you do not need to do anything else.
If you do not mine you need to send donations from transfer tab.

[slovakia]

vahtis i didnt anything:and nothing for last 24hours....

when i send max 296bbp then start received rewards,but only few hours,then stopped
why i cant send only 296 bbp?  when i sent 2times in exec pogpool i see that my amount raised on infotab: why?


questions:


i tried send to donation more times=will be raise my rewards or what is mechanism this rewarding? where is any easy example schedule/scheme

jesus: PODC is more simple

[vahtis]

vahtis i didnt anything:and nothing for last 24hours....

when i send max 296bbp then start received rewards,but only few hours,then stopped
why i cant send only 296 bbp?  when i sent 2times in exec pogpool i see that my amount raised on infotab: why?


questions:


i tried send to donation more times=will be raise my rewards or what is mechanism this rewarding? where is any easy example schedule/scheme

jesus: PODC is more simple

I'm not sure but there is 300 bbp max from one wallet within 205 blocks. So you need to generate some wallets

[vahtis]

I think that there is some kind idea that rich won't get richer or at least it should be so difficult that no one will do it, but hey that is what bots are for.
On the testnet with very small amount of people min coin age was approaching 1 day and the same time min coin amount was 300. I see that newcomers will have to wait days before getting any rewards and the faucet has to give  1000 bbp for them to even have change getting into slots.
When this goes to production I will have bids at 1 and 2 satoshis when PODC stakes are sold.

[thesnat21]

For POG and testnet its very early in the process,  lets give it some time.

I we have had a lot of time to get up to speed w/ PODC,  so far POG seems to be plug and play (with a wait .. but that's not a bad thing)


If it is made clear how long to wait, this could help things as well

[capulo]

i'm not sure

but my question is about price, i'm still dont know how price will be covered by real $. in general, bigger difficulty means that you will need more cpu/gpu/anything power to mine same amount. so you spend more money for mining and thus coin is more valuable to you as nobody wants selling under real costs

so how it will be with pog where costs are almost zero?
todays i have cost and rewards which leads to price about 9 sat/bbp so i dont want to sell under 9

but what in pog?... realy dont know

Please consider that the total market cap for a coin contains more facets than the electric rate; although I agree its a base arbitrage price for a commodity and is certainly related to coins with big mining pools and heavy electric use.  I think the sum of market cap should also include future price expectation, sanctuary lockups, lost coins per year per user, expected innovation from the roadmap, future deflation, future growth projection, and vitally future userbase count - etc.

One example in our own camp is PIVX - they are the proof of stake version of Dash.  Value = $33 mil.

One small exercise we should do is make a model.  In the model for POG you have more adoption (1000's of home pc's and laptops in the POG pool) earning small amounts vs. hundreds doing research. 

I think you are referring to motivation to sell the coin.  If the future expectation is high one will hold on to the coins.

one example is byteball and neumanium, sparc now. they are free coins, just to register and we are receiving them besides bbp. and i dont care about future of byteball or what, as it comes, i sell it almost imidiately. my primary coin is bbp and all others are just bonuses to pay bills. it will be same with bbp, free coins, everybody with some pc needs just install wallet and tithe something. then sell everything and gain $.

[secoccular]

i'm not sure

but my question is about price, i'm still dont know how price will be covered by real $. in general, bigger difficulty means that you will need more cpu/gpu/anything power to mine same amount. so you spend more money for mining and thus coin is more valuable to you as nobody wants selling under real costs

so how it will be with pog where costs are almost zero?
todays i have cost and rewards which leads to price about 9 sat/bbp so i dont want to sell under 9

but what in pog?... realy dont know

Please consider that the total market cap for a coin contains more facets than the electric rate; although I agree its a base arbitrage price for a commodity and is certainly related to coins with big mining pools and heavy electric use.  I think the sum of market cap should also include future price expectation, sanctuary lockups, lost coins per year per user, expected innovation from the roadmap, future deflation, future growth projection, and vitally future userbase count - etc.

I'm not sure I understand your definition of market cap. Who would decide future price expectation? Lost coins per year? Expected innovation? Future userbase? Those are all completely speculative and unknowable, and not comparable across coins. As an experiment, today I asked 10 lead devs these questions. Guess what? Every one said they expect higher prices, more users, etc.  It's like asking a mother if her child is beautiful--there's no real objectivity to that. This is why I think miner's perspective is very important, as they tend to be loyal to profit over project. Success of BBP isn't just number of orphans--they coin has to appreciate in value to attract investors.

Speaking of losing coins, is there anything that can be done to improve wallet security of BBP? As a miner, I usually keep my wallets cold or at least on a dedicated wallet pc that doesn't mine.  With BBP, I'm having to leave the wallet open, and that same wallet.dat is living on multiple net-connected machines, which doesn't seem optimal for security. I know BBP isn't alone in this mine-by-wallet model, but having just one wallet.dat compromised takes down all my wallets. Any advice, or chance of a paper wallet?

[thesnat21]

I'm not sure I understand your definition of market cap. Who would decide future price expectation? Lost coins per year? Expected innovation? Future userbase? Those are all completely speculative and unknowable, and not comparable across coins. As an experiment, today I asked 10 lead devs these questions. Guess what? Every one said they expect higher prices, more users, etc.  It's like asking a mother if her child is beautiful--there's no real objectivity to that. This is why I think miner's perspective is very important, as they tend to be loyal to profit over project. Success of BBP isn't just number of orphans--they coin has to appreciate in value to attract investors.

Speaking of losing coins, is there anything that can be done to improve wallet security of BBP? As a miner, I usually keep my wallets cold or at least on a dedicated wallet pc that doesn't mine.  With BBP, I'm having to leave the wallet open, and that same wallet.dat is living on multiple net-connected machines, which doesn't seem optimal for security. I know BBP isn't alone in this mine-by-wallet model, but having just one wallet.dat compromised takes down all my wallets. Any advice, or chance of a paper wallet?

Fair assessment on valuation, but the current market seems to think most coins are worthless (or at least less than they are at today).


There is a paper wallet generator if you want, but that only addresses HODL, not active wallets.  I agree it would be nice to have a "safe haven" so to speak.

With the switch to POG, in theory the required operating expenses of the wallet will be reduced,  so cold storage would become more viable.

[slovakia]

i'm not sure

but my question is about price, i'm still dont know how price will be covered by real $. in general, bigger difficulty means that you will need more cpu/gpu/anything power to mine same amount. so you spend more money for mining and thus coin is more valuable to you as nobody wants selling under real costs

so how it will be with pog where costs are almost zero?
todays i have cost and rewards which leads to price about 9 sat/bbp so i dont want to sell under 9

but what in pog?... realy dont know

Please consider that the total market cap for a coin contains more facets than the electric rate; although I agree its a base arbitrage price for a commodity and is certainly related to coins with big mining pools and heavy electric use.  I think the sum of market cap should also include future price expectation, sanctuary lockups, lost coins per year per user, expected innovation from the roadmap, future deflation, future growth projection, and vitally future userbase count - etc.

I'm not sure I understand your definition of market cap. Who would decide future price expectation? Lost coins per year? Expected innovation? Future userbase? Those are all completely speculative and unknowable, and not comparable across coins. As an experiment, today I asked 10 lead devs these questions. Guess what? Every one said they expect higher prices, more users, etc.  It's like asking a mother if her child is beautiful--there's no real objectivity to that. This is why I think miner's perspective is very important, as they tend to be loyal to profit over project. Success of BBP isn't just number of orphans--they coin has to appreciate in value to attract investors.

Speaking of losing coins, is there anything that can be done to improve wallet security of BBP? As a miner, I usually keep my wallets cold or at least on a dedicated wallet pc that doesn't mine.  With BBP, I'm having to leave the wallet open, and that same wallet.dat is living on multiple net-connected machines, which doesn't seem optimal for security. I know BBP isn't alone in this mine-by-wallet model, but having just one wallet.dat compromised takes down all my wallets. Any advice, or chance of a paper wallet?

we have paper wallet .... https://biblepaywallet.github.io/     you sleep or what?

[daemonko]

vahtis i didnt anything:and nothing for last 24hours....

when i send max 296bbp then start received rewards,but only few hours,then stopped
why i cant send only 296 bbp?  when i sent 2times in exec pogpool i see that my amount raised on infotab: why?


questions:


i tried send to donation more times=will be raise my rewards or what is mechanism this rewarding? where is any easy example schedule/scheme

jesus: PODC is more simple

Sure it is. I'm considering letting bbp go... i do not trust this. after x months, there will be another game plan change? and then what?

For now, just a simple question: if podc is removed, what is the trick to gain maximum bbp coins? scripting hundreds of wallets?

[vahtis]

vahtis i didnt anything:and nothing for last 24hours....

when i send max 296bbp then start received rewards,but only few hours,then stopped
why i cant send only 296 bbp?  when i sent 2times in exec pogpool i see that my amount raised on infotab: why?


questions:


i tried send to donation more times=will be raise my rewards or what is mechanism this rewarding? where is any easy example schedule/scheme

jesus: PODC is more simple

Sure it is. I'm considering letting bbp go... i do not trust this. after x months, there will be another game plan change? and then what?

For now, just a simple question: if podc is removed, what is the trick to gain maximum bbp coins? scripting hundreds of wallets?

and furthermore who is buying from exchanges anymore as everyone is mining?

[secoccular]

Slovakia, that for sure is the Biblepay paper wallet? The source code makes mention of Litecoin?

[slovakia]

Slovakia, that for sure is the Biblepay paper wallet? The source code makes mention of Litecoin?

yes it is..... its from Webster

daemonko yes, ill make 1000 wallets  

pool mining= dead
podc=dead
pog= dead
future bbp= dead

Robertko: you said few months ago that PODC is perfect and now is bad for you?

investors must be very happy from all this changes  

[thesnat21]

Slovakia, that for sure is the Biblepay paper wallet? The source code makes mention of Litecoin?

yes it is..... its from Webster

daemonko yes, ill make 1000 wallets  

pool mining= dead
podc=dead
pog= dead
future bbp= dead

Robertko: you said few months ago that PODC is perfect and now is bad for you?

investors must be very happy from all this changes  

Please calm down, nothing is dead right now.

[slovakia]

after pog will be what?