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Author Topic: BiblePay - New Coin Launch - Official Thread  (Read 22635 times)
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slovakia
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December 07, 2017, 10:06:06 PM
 #541

if could be exists any big miners... diff and network hash must go to the moon but still is constance


checking few days both of it ...  Wink  im not idiot, i have few years exp with mining ltc,doge,mooncoin,vtc etc etc etc coins 4years ago

650-1250 GH/s
7000-20000


helping orphans by helping biblepay coin CPU mine
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adrianbits
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December 07, 2017, 10:06:17 PM
 #542

znffal  no..... our diff flied between 7000-20000 last 5 days..... 650-1250 GH/s .... and rewards was OK ... today told about it with my colleagues about this bug ...  where is mistake....


Rob: its your pool ok opposite ghost mining from our pool.You had similar problem with stealing our blocks

As I said, I don't really know enough about the technology to be sure! I am a simple guy!

I hope that we don't get overtaken by crazy big miners though. I am still hopeful that one day I can mine enough for a sanctuary.

Well im only able to cough up 500 or so a day. And thats with a dedicated PC and an old laptop. So by my calculations thats 15,000 per month.

At 1,5 million it would take me 100 months or 8 years!!

(Of course its much more than that since difficulty is just going to increase)

Rising prices in both btc and bbp will make them unaffordable as well.

So yeah, sanctuaries are out of the question for the common person.

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December 07, 2017, 10:13:43 PM
 #543

if could be exists any big miners... diff and network hash must go to the moon but still is constance


checking few days both of it ...  Wink  im not idiot, i have few years exp with mining ltc,doge,mooncoin,vtc etc etc etc coins 4years ago

650-1250 GH/s
7000-20000



4 years mining? You must be swimming in money already then right? Why complain  Cheesy
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December 07, 2017, 10:18:50 PM
 #544

Well im only able to cough up 500 or so a day. And thats with a dedicated PC and an old laptop. So by my calculations thats 15,000 per month.

At 1,5 million it would take me 100 months or 8 years!!

(Of course its much more than that since difficulty is just going to increase)

Rising prices in both btc and bbp will make them unaffordable as well.

So yeah, sanctuaries are out of the question for the common person.

I remember reading about DASH Masternode Shares:

http://dashmasternode.org/masternode-shares/
https://masternode.me/#shares

Basically it sounds like someone offers a service where they:
- pool other peoples coins who are interested in owning part of a masternode
- run/maintain the masternode
- payout the rewards of the masternode monthly to everyone involved
- keep a small cut of the profits

I wonder how voting works in this scenario?

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December 07, 2017, 10:34:51 PM
 #545

Well im only able to cough up 500 or so a day. And thats with a dedicated PC and an old laptop. So by my calculations thats 15,000 per month.

At 1,5 million it would take me 100 months or 8 years!!

(Of course its much more than that since difficulty is just going to increase)

Rising prices in both btc and bbp will make them unaffordable as well.

So yeah, sanctuaries are out of the question for the common person.

I remember reading about DASH Masternode Shares:

http://dashmasternode.org/masternode-shares/
https://masternode.me/#shares

Basically it sounds like someone offers a service where they:
- pool other peoples coins who are interested in owning part of a masternode
- run/maintain the masternode
- payout the rewards of the masternode monthly to everyone involved
- keep a small cut of the profits

I wonder how voting works in this scenario?

Well the price is too expensive to start with. If the idea is to introduce decentralization and voting, and then you only have rich people (in btc and hashpower) be able to afford it. As a result only rich people can vote.
A bit contrary to the messages of the Bible.

With this setup it will have a concentration of votes to a group of miners or very early participants in the pool.
Then what is the point of voting if you are overruled by a concentration of people?

For me its not even a goal to have at this point. Which is fine. I will be content with ricing price and little coins I  can continue to gen out.






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December 07, 2017, 10:46:54 PM
 #546

Nice thread, im down with Biblepay now too. will set up account after trawling through this long thread. Its good your up front about your plans and how it helps children in poverty. I wish use all luck with this
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December 07, 2017, 11:21:24 PM
 #547

C-CEX is terrible, why don't more people use coinsmarkets.com?  The UI isn't sleek but the site functions well and it seems much more usable than C-CEX.  What do  charge for listing?  I've mentioned them a few times but never get a reply, they're relatively new but the exchange is good to use.
I think, that Kucoin will be good option. They are new and new coin adding almost every day.

I like more searching and reading, than writing Wink
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December 07, 2017, 11:30:37 PM
 #548

C-CEX is terrible, why don't more people use coinsmarkets.com?  The UI isn't sleek but the site functions well and it seems much more usable than C-CEX.  What do  charge for listing?  I've mentioned them a few times but never get a reply, they're relatively new but the exchange is good to use.
I think, that Kucoin will be good option. They are new and new coin adding almost every day.

I don't know anything about kucoin exchange. What is their listing fee?
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December 07, 2017, 11:37:39 PM
 #549

MASTERNODE price was set for 500K then Rob changed thinking and set it to 750k then to 1M then to 1.5M ....

and yes,this is centralise not decentralise ... check how many wallets is in top 100 ... almost 75%,this is bullshit, no1 coin got first 100 wallets 75% of all coins
Slovakia, you dont sound like a Christian anyway, as you generally include profanity in your posts.  If you want a reply Id suggest removing the profanity otherwise I will delete them.

Profanity, one of the 40 sins that can send you to hell, one of the sins in our wallet in Repent for Sin:
https://www.openbible.info/topics/using_profanity
But now you must put them all away: anger, wrath, malice, slander, and obscene talk from your mouth.
Collossians 3:8

OHHH, How lovely, now you say Ive stolen blocks Before?  This, from the same person that claims I steal the orphans money?  Oh my, how original Slovakia.  So, how did I go about stealing blocks before?  

Finally on the Sanctuary cost, weve had the most fair pricing requirement possible.  I deliberately set the pricing to allow time for early adpoters to buy in for a sanctuary early, made a cheap cost per unit currency, and even waited until Thanksgiving to set the price @ $1250 with a baseline, and now since the price suddenly jumped, which I remind you happened AFTER I announced the price of the sanctuary, you are crying that its unfair.  You had 90 days to buy it.  Sorry, start saving.  Btw, the price was never changed. 





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December 07, 2017, 11:50:49 PM
 #550

Dash has about 4,500 active masternodes (currently worth almost 700,000 USD each). People are/were buying and selling them all the time. As project grows distribution is better. Masternodes are core infrastructure, they are costly a risky for the owner. They require extra investment and extra faith if you wish. They should also provide extra benefits in return. Mining also requires extra investment and effort. Development requires extra investment and effort. Bible is not about socialism where everyone's has to have exactly 1,000 BBP. There are rewards and Jesus Himself stands that "...whoever has, to him will be given and he will have abundance....(Matt 13:12)" but "but do not forget to be doing good and sharing, for with such sacrifices God is well pleased (Heb 13:16)". And I believe BiblePay model fulfills this. So (especialy if you are a Christian), please don't start to spread communism and socialism here. And if you still think that is what Bible tells us, please read it again.

Without Satoshi there is no Bitcoin
Without Jesus there is no Salvation
Bible + Blockchain = BiblePay (BBP)
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December 07, 2017, 11:56:54 PM
 #551

hey chief bible_pay  is any problem with pool?  diff is between 8000-15000 last 2 days,and today our 24hours rewards dropped almost to only 45% for rewards of blocks:  ... this is very weird,cos when we mined between this values and we mined almost 1/2 more .... our efficiency massive dropping, our hashpower raised  21,7M+ ...

and we mined only 35 blocks for last 24hours?  ... minersofmine mined 1block=   169 blocks mined by SOLO miners or ?  is really true that solo mining got better hashrates like in your pool?

Network (GH/s) on explorer is hash1 or hash2?

Hi Slovakia,

I had a look at the explorer (https://biblepay-explorer.org/ )

Apparently we have 797.1658 GHps. When I look at the pool we have  21821651 Hps which is 0.021821651 GHps

So it looks like the price rise has brought in some mega miners. If I have calculated this correctly (which it is possible I have made an error) then it looks like the pool reward is going to go down even further.

How can people have so much Hps without using GPU? I don't know enough about the technology.


Lets look at this issue from a high level.
We have two pools that solve about 25% of the daily blocks.  We have 202 blocks per day.
Pool.biblepay.org is pulling 21Million Hash Per Sec (thats 21MHS).  MinersOfMen is pulling 2 MHS.  Thats a total of 23 MHS.
(Since the pools solved about 25% of the daily level, we increase MHPS to total network MHPS here): So that means our total network MHPS is about 90~ MHS.  (Thats probably where we round down to 79.71658 MHS).
So I believe the issue is the block explorers need adjusted to be 79.71658 MegaHashPerSec.

Or our wallet needs adjusted to emit MHS in getmininginfo.  
Background: We were going to do that last month when Happy Merchant was around, but we decided since f8000 actually changes the hashspeed, we would wait and tweak it with f8000 in 20 more days.  That is a leisure upgrade anyway, so I can help do this around Christmas.

Moving on to the pool solving 34 blocks over the last 24 hours, running at less effiency, I do want to say that it is very obvious the distinct miner count jumped from 1100 to 1500 over the last 24 hours!  So we have actually increased miner count almost 40% in one day.

Next the diff being 28267 currently is Very, very high.  This is not linear either, so you cant say with a 28267 diff - that we are only double the diff we were yesterday.  

Anyway bottom line is Im going to make this assumption: With 400 new pool miners in one day, its very possible a certain percentage of them are solo mining and solving blocks.  Why we have 75% solo miners out there and two pools, I cant answer.  All I can say is I can promise you every solved block by the pool address gets paid by the pool.  Ill give you the pool address and you can run your own report if you dont trust me.  We have a command called getsubsidy height.  You can write an rpc report or Alex could probably put a page in the BX that shows blocks solved by the pool (he can mark Minersofmen and Pool) and you can compare that daily 24 hour coin emission to the BX if you want.  Alex, are you up for that, sounds fun huh?

You all have the capabilities to audit the chain and find out whose solving the other 75% of the blocks.  Its not the pool.

EDIT: I almost forgot one extremely important point, 10% of the blocks are tithe blocks, so these go to the orphans, so that only leaves 65% for non-pool miners.  Since we dont report on the tithe blocks in the pool as they are 0 value.


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December 08, 2017, 01:06:15 AM
 #552

Yes lower price would make sense. Maybe put the price of the nodes up for web forum vote right now? The original price must have been determined at the price at that time and whatever forecasted needs. So as btc/bbp price goes up the price can scale down to meet the same forecasts. That would be the most fair thing to do I think. I just think its out of reach to any common person right now.

My only interest in this is I would love to do a lot of good ideas on top of biblepay. Id love to be a part of the development team and I feel excluded in having a stake in the success if I cant even get in one node.

If the sales of nodes meets your budgetary needs for 2018 and of course personal profit as is well deserved, then why not attract an ARMY of devoted developers who each have a stake in the 'company'. That audience will be more productive than just rich miners that want to see more coins coming their way so they can sell them quickly.

Something around 100k would be my vote. that would be attainable to mine within 8 months.

Be flexible cause like open source, you will see exponential value and results when people have the right rewards and sense of ownership

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December 08, 2017, 01:08:38 AM
 #553

Quote
Lets look at this issue from a high level.
We have two pools that solve about 25% of the daily blocks.  We have 202 blocks per day.
Pool.biblepay.org is pulling 21Million Hash Per Sec (thats 21MHS).  MinersOfMen is pulling 2 MHS.  Thats a total of 23 MHS.
(Since the pools solved about 25% of the daily level, we increase MHPS to total network MHPS here): So that means our total network MHPS is about 90~ MHS.  (Thats probably where we round down to 79.71658 MHS).
So I believe the issue is the block explorers need adjusted to be 79.71658 MegaHashPerSec.



Thanks for that Rob, that makes a lot more sense now that I see the unit is incorrect on block explorer. I am still learning so I hope you can bear with my naive comments and questions!
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December 08, 2017, 01:18:34 AM
 #554

Yes lower price would make sense. Maybe put the price of the nodes up for web forum vote right now? The original price must have been determined at the price at that time and whatever forecasted needs. So as btc/bbp price goes up the price can scale down to meet the same forecasts. That would be the most fair thing to do I think. I just think its out of reach to any common person right now.

My only interest in this is I would love to do a lot of good ideas on top of biblepay. Id love to be a part of the development team and I feel excluded in having a stake in the success if I cant even get in one node.

If the sales of nodes meets your budgetary needs for 2018 and of course personal profit as is well deserved, then why not attract an ARMY of devoted developers who each have a stake in the 'company'. That audience will be more productive than just rich miners that want to see more coins coming their way so they can sell them quickly.

Something around 100k would be my vote. that would be attainable to mine within 8 months.

Be flexible cause like open source, you will see exponential value and results when people have the right rewards and sense of ownership


Sorry, but it is already 1,500,001.  The problem is people bought in based on the escrow price we set on Thanksgiving.

I thought about it and I cant change it next year as that would mean the people who bought in at a high level risked more and then we changed the formula on them.  The only way we can change it in the future is if we have < 100 masternodes after 6 months in prod.

In addition you have to realize there is no time for a vote now.  We only have 10 days to finish the mandatory client and notify ccex of a coming mandatory.

So its pretty much too late to change anything now.


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December 08, 2017, 01:27:56 AM
 #555

Yes lower price would make sense. Maybe put the price of the nodes up for web forum vote right now? The original price must have been determined at the price at that time and whatever forecasted needs. So as btc/bbp price goes up the price can scale down to meet the same forecasts. That would be the most fair thing to do I think. I just think its out of reach to any common person right now.

My only interest in this is I would love to do a lot of good ideas on top of biblepay. Id love to be a part of the development team and I feel excluded in having a stake in the success if I cant even get in one node.

If the sales of nodes meets your budgetary needs for 2018 and of course personal profit as is well deserved, then why not attract an ARMY of devoted developers who each have a stake in the 'company'. That audience will be more productive than just rich miners that want to see more coins coming their way so they can sell them quickly.

Something around 100k would be my vote. that would be attainable to mine within 8 months.

Be flexible cause like open source, you will see exponential value and results when people have the right rewards and sense of ownership



The problem with having it as low as 100,000 is that we would end up with hundreds of sanctuaries each giving a very small ROI.
Although it is hard to get to via mining, the ~1.5 million value it is set at is good from the perspective of having a reasonable ROI (Rob estimated 2.5 years for complete ROI, if I am remembering correctly).
If we ended up with very few (less than 100 or so), maybe we would need to reassess.
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December 08, 2017, 01:44:44 AM
 #556

Yes lower price would make sense. Maybe put the price of the nodes up for web forum vote right now? The original price must have been determined at the price at that time and whatever forecasted needs. So as btc/bbp price goes up the price can scale down to meet the same forecasts. That would be the most fair thing to do I think. I just think its out of reach to any common person right now.

My only interest in this is I would love to do a lot of good ideas on top of biblepay. Id love to be a part of the development team and I feel excluded in having a stake in the success if I cant even get in one node.

If the sales of nodes meets your budgetary needs for 2018 and of course personal profit as is well deserved, then why not attract an ARMY of devoted developers who each have a stake in the 'company'. That audience will be more productive than just rich miners that want to see more coins coming their way so they can sell them quickly.

Something around 100k would be my vote. that would be attainable to mine within 8 months.

Be flexible cause like open source, you will see exponential value and results when people have the right rewards and sense of ownership


Sorry, but it is already 1,500,001.  The problem is people bought in based on the escrow price we set on Thanksgiving.

I thought about it and I cant change it next year as that would mean the people who bought in at a high level risked more and then we changed the formula on them.  The only way we can change it in the future is if we have < 100 masternodes after 6 months in prod.

In addition you have to realize there is no time for a vote now.  We only have 10 days to finish the mandatory client and notify ccex of a coming mandatory.

So its pretty much too late to change anything now.



At 30 sat per bbp, and btc at current ($17,100 -- !!@!@!), the nodes cost $7719

10x more than they cost only 3 weeks ago?

thats lubricous speed!!

ship has sailed..bye bye ship!!
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December 08, 2017, 02:02:49 AM
 #557

Yes lower price would make sense. Maybe put the price of the nodes up for web forum vote right now? The original price must have been determined at the price at that time and whatever forecasted needs. So as btc/bbp price goes up the price can scale down to meet the same forecasts. That would be the most fair thing to do I think. I just think its out of reach to any common person right now.

My only interest in this is I would love to do a lot of good ideas on top of biblepay. Id love to be a part of the development team and I feel excluded in having a stake in the success if I cant even get in one node.

If the sales of nodes meets your budgetary needs for 2018 and of course personal profit as is well deserved, then why not attract an ARMY of devoted developers who each have a stake in the 'company'. That audience will be more productive than just rich miners that want to see more coins coming their way so they can sell them quickly.

Something around 100k would be my vote. that would be attainable to mine within 8 months.

Be flexible cause like open source, you will see exponential value and results when people have the right rewards and sense of ownership


Sorry, but it is already 1,500,001.  The problem is people bought in based on the escrow price we set on Thanksgiving.

I thought about it and I cant change it next year as that would mean the people who bought in at a high level risked more and then we changed the formula on them.  The only way we can change it in the future is if we have < 100 masternodes after 6 months in prod.

In addition you have to realize there is no time for a vote now.  We only have 10 days to finish the mandatory client and notify ccex of a coming mandatory.

So its pretty much too late to change anything now.



Nothing is too late to change. Everything is possible with God!

I just realized that the ones who got in early already got a 10x value in their investment. So I do think good providence would favor lowering the prices. from $750 to $7700 in only 3 weeks or so? sounds like a great ROI already!
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December 08, 2017, 02:30:36 AM
 #558

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Nothing is too late to change. Everything is possible with God!

I just realized that the ones who got in early already got a 10x value in their investment. So I do think good providence would favor lowering the prices. from $750 to $7700 in only 3 weeks or so? sounds like a great ROI already!

But changing it now would be extremely unfair to the people who have purchased BBP in recent days simply to get enough for a sanctuary. If there was someone who purchased all of the 1.55 million BBP at a premium price in the last few days, then that person was told actually only 100k is needed, then they will be annoyed that they spend way more than they need.
Additionally, if that were to happen people would dump their excess coins on he exchange and lower the price.
Out theoretical person will then have purchased 1.45 million more BBP than needed at a premium price and could not get their money back due to the drop in price.

Additionally, and more convincingly, Rob has given a final price. I believe him to be a man of his word, of integrity, and I don't expect or want him to go back on his word.

It sucks if you don't have enough to run a sanctuary (I don't) because you feel locked out, but it is better for Rob to keep his word. So I am happy.
In the end, we have to keep in mind that a big reason why we invested in BBP is for helping those in need. So let's not bicker about something like the price of a sanctuary which isn't going to change in the near future.

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December 08, 2017, 02:51:55 AM
 #559

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Nothing is too late to change. Everything is possible with God!

I just realized that the ones who got in early already got a 10x value in their investment. So I do think good providence would favor lowering the prices. from $750 to $7700 in only 3 weeks or so? sounds like a great ROI already!

But changing it now would be extremely unfair to the people who have purchased BBP in recent days simply to get enough for a sanctuary. If there was someone who purchased all of the 1.55 million BBP at a premium price in the last few days, then that person was told actually only 100k is needed, then they will be annoyed that they spend way more than they need.
Additionally, if that were to happen people would dump their excess coins on he exchange and lower the price.
Out theoretical person will then have purchased 1.45 million more BBP than needed at a premium price and could not get their money back due to the drop in price.

Additionally, and more convincingly, Rob has given a final price. I believe him to be a man of his word, of integrity, and I don't expect or want him to go back on his word.

It sucks if you don't have enough to run a sanctuary (I don't) because you feel locked out, but it is better for Rob to keep his word. So I am happy.
In the end, we have to keep in mind that a big reason why we invested in BBP is for helping those in need. So let's not bicker about something like the price of a sanctuary which isn't going to change in the near future.



Thanks!  Thats right, and there are a few things about crypto you have to realize.  (Unless you create a new crypto with external contracts).

Imagine if Bitcoin claimed to have a halving schedule of 4 years and then every year they issued a mandatory with a rule change that increased the coin supply and halved the halving rate.  Would you trust them?  Thats part of the issue.

The other issue is once a crypto has more than a few service providers, it is a Huge undertaking to issue a mandatory change in the client.  You need a 2 weeks notice, and every provider needs notified to be put in maintenance.  This is because if an exchange runs a forked version funds can be lost.

In this case its more important for us to have integrity and show we do what we say we will do every time.

You can always hope the price settles back down for a little while and then quickly buy enough for one.



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bible_pay
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December 08, 2017, 02:57:22 AM
 #560

I wanted to mention a feature we have coming at Christmas called E-commerce.

It lets US citizens buy products on amazon through the wallet (primarily because the wallet only supports address validation in the US at this time).  We are working behind the scenes getting Walmart on board also.  I have been notified that Europe deliveries will be possible in a few months if we have some volume in the US test market.

Anyway the reason I mention this is the pool website has additional new fields in the account settings page for name, address, city, state, phone.  I just wanted to say this is only required for E-commerce for Pool purchases.  Not for wallet purposes.  So we are not trying to track you, the fields are optional, and those only need to be filled out if you want to buy some Great Tribulation food in the Pool.

As far as buying from the wallet, I'm working on this guide:
http://wiki.biblepay.org/Ecommerce

There will be fields in the client that allow you to buy directly from the wallet without the pool.

Hopefully we will be the first crypto with built in Amazon products for sale.  Now you can spend your biblepay on real products.


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