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Author Topic: BiblePay - New Coin Launch - Official Thread  (Read 22702 times)
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bible_pay
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November 16, 2017, 02:52:56 PM
 #181


When you start the wallet the first time you get 100 new keys (called the keypool).
When you solo mine, the wallet picks one of those and signs the block with it.



thank you. i left it run over night. no winner. no chicken dinner!  Grin

how can i calculate the odds of winning the block? i divide the difficulty by hash or something like that?
what do you estimate the odds are with a computer that hashes at 11k, or 5k  Huh



Uhh, unfortunately with 1300 miners, not very good.  I can tell you with relative accuracy now that Ive left my 3 miners on for a couple months 24/7, I usually earn about 550 BBP per day in the pool.  So that means 183 BBP per day per machine.  Meaning that your chances of hitting a 20K bbp block is one in 109 DAYS of mining.

So you could either let it solo mine and maybe you will get one in 109 days, or set it up for the pool.  We have two pools: pool.biblepay.org and MinersOfMen.com.



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bible_pay
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November 16, 2017, 02:58:32 PM
 #182



I just noticed since inspect.biblepay.network is down, the coinmarketcap value is stagnant.

Happy_merchant are you here brother?

Lets give him a chance as a Christian Brother to fix it.


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November 16, 2017, 03:04:12 PM
 #183


When you start the wallet the first time you get 100 new keys (called the keypool).
When you solo mine, the wallet picks one of those and signs the block with it.



thank you. i left it run over night. no winner. no chicken dinner!  Grin

how can i calculate the odds of winning the block? i divide the difficulty by hash or something like that?
what do you estimate the odds are with a computer that hashes at 11k, or 5k  Huh



Uhh, unfortunately with 1300 miners, not very good.  I can tell you with relative accuracy now that Ive left my 3 miners on for a couple months 24/7, I usually earn about 550 BBP per day in the pool.  So that means 183 BBP per day per machine.  Meaning that your chances of hitting a 20K bbp block is one in 109 DAYS of mining.

So you could either let it solo mine and maybe you will get one in 109 days, or set it up for the pool.  We have two pools: pool.biblepay.org and MinersOfMen.com.




What CPU are you using?
davinci6845
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November 16, 2017, 06:15:16 PM
 #184


When you start the wallet the first time you get 100 new keys (called the keypool).
When you solo mine, the wallet picks one of those and signs the block with it.



thank you. i left it run over night. no winner. no chicken dinner!  Grin

how can i calculate the odds of winning the block? i divide the difficulty by hash or something like that?
what do you estimate the odds are with a computer that hashes at 11k, or 5k  Huh



Uhh, unfortunately with 1300 miners, not very good.  I can tell you with relative accuracy now that Ive left my 3 miners on for a couple months 24/7, I usually earn about 550 BBP per day in the pool.  So that means 183 BBP per day per machine.  Meaning that your chances of hitting a 20K bbp block is one in 109 DAYS of mining.

So you could either let it solo mine and maybe you will get one in 109 days, or set it up for the pool.  We have two pools: pool.biblepay.org and MinersOfMen.com.




ok. thats too bad. maybe i play the bitcoin lottery instead. only wait maybe 10 years lol

or play both . why not  Cool 

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November 16, 2017, 06:29:41 PM
 #185

davinci6845 start to mine together on pool  Wink

helping orphans by helping biblepay coin CPU mine
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November 16, 2017, 08:01:07 PM
 #186

Immature balance in the pool for 10 hours. Is this normal?
bible_pay
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November 16, 2017, 08:03:18 PM
 #187

Immature balance in the pool for 10 hours. Is this normal?
Yes, they take 24 hours.


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November 16, 2017, 11:00:45 PM
 #188

davinci6845 start to mine together on pool  Wink

yes i check it out thanks


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November 17, 2017, 12:44:31 AM
 #189

Hi guys,

I just skimmed through the new tread.  I would like to know if anybody else is also experiencing issues with C-CEX going in maintenance mode every 10 minutes or so as of late.  I not, then I need to look at solutions from my side.  It is seriously starting to irritate me.

Yeah they go into maintenance whenever adding a new coin or removing a coin or working on the database- I think the issue is the huge influx of Asian interest is putting a strain on all exchanges.


Increasing volume and new customers appears to be overwhelming crypto related businesses ... it took coinbase three days to credit a wire transfer to my account this week.
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November 17, 2017, 03:25:46 PM
 #190

Is there a way to edit the notes for workers in the Worker List at pool.biblepay.org?
bible_pay
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November 17, 2017, 03:27:49 PM
 #191

Is there a way to edit the notes for workers in the Worker List at pool.biblepay.org?

Try clicking on the Trash Can and recreating the worker with new notes?  If it doesnt work, let me know.

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November 17, 2017, 03:44:59 PM
 #192

Potential Bounty available for a side project:

So obviously with f8000 coming up and the e-commerce project Im working on (that allows you to buy an amazon product from inside the wallet), thats what Im coding now, Im pretty busy through Christmas, but I wanted to offer this potential bounty - and the target of this bounty is to an expert dev (not one who does not know how to compile bitcoin on windows and who has not done any github commits):

One of my side projects is creating a lightning network for BiblePay to allow us to trade with Litecoin, Bitcoin, Syscoin and others next year when Lightning gets more popular.  Ive got a handle on running the LN server, and making the chosen Sanctuary host the channel and all that, that seems pretty straightforward for us.

But the part I need help with is merging SegWit into our core.  Are there any devs out there that would like to give us a quote in BTC on merging Segwit into a branch of BiblePay (without rebasing)?  Scope required and time estimate and what you want to charge us is fine for now.  If its reasonable we might be able to make this one of our first IT budget items for the sanctuaries to vote on at Christmas.

Rob

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November 17, 2017, 04:30:31 PM
 #193

This is kind of interesting, normally Id say depressing, but I think we can turn this into something positive.

I received an offer letter from HitBTC (one of the top 10 exchanges), offering to list BiblePay for $385,000.00.  No this is not a joke.

Its very interesting, in that offer letter, the "basic listing" includes One market and that fee is 45BTC alone.  Then, they go on to say and you must pay a Code Audit fee of 5BTC additionally (which alone, is more than I would feel we should pay to be on an exchange) when considering how many orphans we could sponsor for that fee (844 new orphans for a whole year!).  Its kind of redicules.

What I really feel compassion about though is for all the other coins who dont even have one exchange yet.  How many are going to get taken for high fees to make the exchanges rich and then go bankrupt?

What I was going to say to turn this positive, is maybe we should consider writing our own bitcoin exchange and making it part of what BiblePay offers, and then host a few of these small coins on our exchange for a BiblePay fee.  It would make us more popular and liquid and generate some revenue for biblepay and at the same time get the little fledgling coin on an exchange without paying a big fee.

My question is, if I solve the technical problem behind this (IE making it to where the wallet runs for XYZ coin in a new way, not on our exchange, but in a new way), do we have any legal people here that can do the due dilligence of ensuring this would be legal?

I know that it is not legal to be a money transfer agent in the US, meaning we cant accept or offer USD deposits or withdrawals.  But Im thinking, what if all we do is offer to accept BTC in exchange for BBPE tokens (biblepay exhcnage tokens) IE 1BTC=10000 BBPE, and you can then Deposit 1BTC and have an exchange credit of 10,000 BBPE, or withdraw 2 BTC if you have a 20,000 BBPE credit.  Now at this point, no dollars are ever being exchanged - we only allow deposit and withdraw of BTC based on your BBPE balance.

Then on the exchange itself, you can buy or sell BBP or XYZ coin with your BBPE.

Im primarily looking for responses in the legality of hosting this exchange in different areas, and legality of it running as a basic token->token exchange only. Its up to the end user to get their own BTC or BBP to deposit or withdraw.


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November 17, 2017, 04:47:46 PM
 #194

I can't believe how much is cost to get on an exchange.  I never would have imagined it would be close to that amount.
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November 17, 2017, 05:00:28 PM
 #195

The entire market cap of BiblePay (all coins in circulation multiplied by current price of coin) is $150-200k:   https://coinmarketcap.com/currencies/biblepay/

That's insane that HitBTC charge that much!

Any luck with Bittrex?
https://support.bittrex.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

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November 17, 2017, 05:14:41 PM
 #196

i vote against YAE (Yet Another Exchange)  Wink

i understand the problems but it will grow its own set of problems and slow down development focus that should be in other areas.

but if it must be done, then BBP  / DOGE is priority  Grin Grin Grin Wink

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November 17, 2017, 05:52:49 PM
 #197

I vote against an exchange too.  There's lots of decentralized exchanges being built and I think they will put the greedy ones out of business.  They might be charging so much now because they know there's only a short time to make that money.  It's a nice thought to have an exchange for coins that aren't listed but how do you get enough volume to keep the exchange going?  Wont there be problems with huge spreads and market manipulation?
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November 17, 2017, 06:07:59 PM
 #198

The entire market cap of BiblePay (all coins in circulation multiplied by current price of coin) is $150-200k:   https://coinmarketcap.com/currencies/biblepay/

That's insane that HitBTC charge that much!

Any luck with Bittrex?
https://support.bittrex.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

Bittrex looks like a good option.

Where/how do you get the number of BBP in circulation?
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November 17, 2017, 06:41:05 PM
 #199

The entire market cap of BiblePay (all coins in circulation multiplied by current price of coin) is $150-200k:   https://coinmarketcap.com/currencies/biblepay/

That's insane that HitBTC charge that much!

Any luck with Bittrex?
https://support.bittrex.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

Bittrex looks like a good option.

Where/how do you get the number of BBP in circulation?

I believe for such a small coin, the biggest exchange would be cryptopia.  But being listed on a big exchange when you are very small isn't usefull, it can even hurt if you're being delisted 6-9 months later because of no volume.

There's nothing wrong to being small...
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November 17, 2017, 07:22:59 PM
 #200

The entire market cap of BiblePay (all coins in circulation multiplied by current price of coin) is $150-200k:   https://coinmarketcap.com/currencies/biblepay/

That's insane that HitBTC charge that much!

Any luck with Bittrex?
https://support.bittrex.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

No, Richie from Bittrex has not replied to my messages, and Busoni hasnt replied from Poloniex either.

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