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Author Topic: BiblePay | 10% Charity | POW/PODC | CPU/Cancer Mining | Sanctuaries  (Read 128398 times)
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December 14, 2017, 07:52:49 AM
 #761

 Shocked Shocked

btw: 1 important thing for masternode linux machine for hot wallet=  25GB is very low from VULTR= beware, get with min 50GB ..... we have problems on DASH with this VPS  Wink after 1year will be this space complete fully
best choice will be build own cheap little machine=NUC INTEL is best choice for this or get cheap dedicated machine with 500GB space, exists more solutions

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December 14, 2017, 09:32:42 AM
 #762

Recently Znffal came up with an idea for us to lease out franctional sanctuaries to those who cant afford a full sanctuary.
I was thinking of potential ways to make this happen and here is what I have so far:

The pool could offer two new services: Sanctuary technology leasing, and Fractional Sanctuary leases with Dividends.
For STL, you spin up a node on a provider like vultr and set it up per the information given by the pool, the pool provides the data on the config page.     Then you are paid weekly for the technology lease.

The second side of this, is the FSL.  (This is for the average end user who wants the investment..  So we have a one-to-many relationship from FSL->STL.  It might take 40 FSLs to fill up an STL).   In this case you sign up for a certain quantity of 1000's that you can afford, (that is BBP * 1000),
and you become a leaseholder on record assigned to an STL ID, and you send this fractional escrow to the address the pool provides on the page, and at that point, you start receiving dividend  payments based on your investment amount
automatically as long as the escrow remains in the investment.

The pool then combines all the BBP received for an STL into one transaction and creates an escrow vout for it and saves it (this is used to populate the page for the next STL).

So my first question is, what do you think is fair compensation for the STL?  They would pay $5-$10 a month to lease the vultr node, and they only have to set it up once, but then they do have to reboot it every time they see new start required.  So I was thinking maybe $30 for setup + $20 a month for the vultr lease renumeration + $10 a month for restarts = $60 a month.   We could then convert that to a percentage, maybe that is 30% of the average deal.  Once we know the percentage we could do something like this:  30/60/10: 30% to the STL, 60% to the FSL pool, and 10% to the pool....

Anyway, I think it would be a pretty cool hit-- also we could offer this as a way to "park" extra BBP for extra investments that happen to be laying around.

One thing I wanted to note:  The STL would be the one to vote for the sanctuary, so that would be part of their responsibility.


Hi Rob,

I like this idea a lot. I think that the effect of this would be to reduce the number of "stagnant" coins in wallets and on exchanges which is beneficial for the holders of BBP and for its price, which is good for the orphans, the project (i.e. IT budget), and the investors. It would also help more in the community to feel that they are getting some value from their coins and to feel more connected/involved.

Regarding specifics of your idea/plan. I like the idea of having the STL and FSL. The voting rights was a potential issue that you have resolved by giving that to the STL.

A few points/questions:

1. I assume that the STL would not start a masternode until all FSL spots are filled? i.e. the full 1,550,001 BBP has been raised.

2. What requirements would an STL need to have (aside from renting and running a server, voting)?
I propose that they would need to contribute a % of the required BBP (required FSL) for their node. For example, maybe they need to put in 10% of the FSL (roughly 150k BBP coins) to run an STL. I can imagine a situation where it is more profitable to run an STL than it is to mine BBP which seems less than ideal. Having the STL contribute some eskrow also would reduce this issue.

3. The address that all members would send their portion of FSL to, would this be an address controlled by the pool? This seems better than an address controlled by the person running the STL. This mitigates the "trust" issue.

4.   My opinion is that 30% for the STL is a little high, or at least, this should change to reflect the changing price of BBP. For example, if one day the 30% is roughly $60, and then we go x10, the STL is effectively being paid $600 a month.
Maybe a one time set-up payment of $30 (perhaps taken from the first masternode payment), then  $20 a month for the vultr lease renumeration + $10 a month for restarts = $30 a month or roughly 15%.
I think the setup fee should just be for the first month...
 I am a bit torn on this point as they are providing a service that would otherwise not be available to the FSL contributors. Hmmm, tough one.
10% seems fair for the pool to host the service.

EDIT( thought of a number 5.)

5. What happens if people want to withdraw their portion of the eskrow? Does the Masternode have to shut down until a replacement is found? Or do we implement a fixed term contract? i.e. a month long contract and you cannot withdraw your FSL contributions until the end of the month/contract?

In principle I think it would make a lot of people happy that their coins are actually being put to use.
The time-frame is pretty tight, when could such a service be implemented?

Thanks!




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December 14, 2017, 09:36:08 AM
 #763

 Shocked Shocked

btw: 1 important thing for masternode linux machine for hot wallet=  25GB is very low from VULTR= beware, get with min 50GB ..... we have problems on DASH with this VPS  Wink after 1year will be this space complete fully
best choice will be build own cheap little machine=NUC INTEL is best choice for this or get cheap dedicated machine with 500GB space, exists more solutions

This is a good question. If someone had the required BBP, is it OK to run a masternode on a dedicated machine with a high speed internet connection?
I am far away from the required amount, but if I get there, I have an i5 PC running Ubuntu which is mining. It is connected via ethernet to a high-speed fiber connection. It has not gone down in the whole time I have been mining. Very reliable!

Vultr seem to be one of the more reliable server providers. I tested a few others and I found they had some downtime.
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December 14, 2017, 10:52:55 AM
 #764

Recently Znffal came up with an idea for us to lease out franctional sanctuaries to those who cant afford a full sanctuary.
I was thinking of potential ways to make this happen and here is what I have so far:

The pool could offer two new services: Sanctuary technology leasing, and Fractional Sanctuary leases with Dividends.
For STL, you spin up a node on a provider like vultr and set it up per the information given by the pool, the pool provides the data on the config page.     Then you are paid weekly for the technology lease.

The second side of this, is the FSL.  (This is for the average end user who wants the investment..  So we have a one-to-many relationship from FSL->STL.  It might take 40 FSLs to fill up an STL).   In this case you sign up for a certain quantity of 1000's that you can afford, (that is BBP * 1000),
and you become a leaseholder on record assigned to an STL ID, and you send this fractional escrow to the address the pool provides on the page, and at that point, you start receiving dividend  payments based on your investment amount
automatically as long as the escrow remains in the investment.

The pool then combines all the BBP received for an STL into one transaction and creates an escrow vout for it and saves it (this is used to populate the page for the next STL).

So my first question is, what do you think is fair compensation for the STL?  They would pay $5-$10 a month to lease the vultr node, and they only have to set it up once, but then they do have to reboot it every time they see new start required.  So I was thinking maybe $30 for setup + $20 a month for the vultr lease renumeration + $10 a month for restarts = $60 a month.   We could then convert that to a percentage, maybe that is 30% of the average deal.  Once we know the percentage we could do something like this:  30/60/10: 30% to the STL, 60% to the FSL pool, and 10% to the pool....

Anyway, I think it would be a pretty cool hit-- also we could offer this as a way to "park" extra BBP for extra investments that happen to be laying around.

One thing I wanted to note:  The STL would be the one to vote for the sanctuary, so that would be part of their responsibility.


Hi Rob,

I like this idea a lot. I think that the effect of this would be to reduce the number of "stagnant" coins in wallets and on exchanges which is beneficial for the holders of BBP and for its price, which is good for the orphans, the project (i.e. IT budget), and the investors. It would also help more in the community to feel that they are getting some value from their coins and to feel more connected/involved.

Regarding specifics of your idea/plan. I like the idea of having the STL and FSL. The voting rights was a potential issue that you have resolved by giving that to the STL.

A few points/questions:

1. I assume that the STL would not start a masternode until all FSL spots are filled? i.e. the full 1,550,001 BBP has been raised.

2. What requirements would an STL need to have (aside from renting and running a server, voting)?
I propose that they would need to contribute a % of the required BBP (required FSL) for their node. For example, maybe they need to put in 10% of the FSL (roughly 150k BBP coins) to run an STL. I can imagine a situation where it is more profitable to run an STL than it is to mine BBP which seems less than ideal. Having the STL contribute some eskrow also would reduce this issue.

3. The address that all members would send their portion of FSL to, would this be an address controlled by the pool? This seems better than an address controlled by the person running the STL. This mitigates the "trust" issue.

4.   My opinion is that 30% for the STL is a little high, or at least, this should change to reflect the changing price of BBP. For example, if one day the 30% is roughly $60, and then we go x10, the STL is effectively being paid $600 a month.
Maybe a one time set-up payment of $30 (perhaps taken from the first masternode payment), then  $20 a month for the vultr lease renumeration + $10 a month for restarts = $30 a month or roughly 15%.
I think the setup fee should just be for the first month...
 I am a bit torn on this point as they are providing a service that would otherwise not be available to the FSL contributors. Hmmm, tough one.
10% seems fair for the pool to host the service.

EDIT( thought of a number 5.)

5. What happens if people want to withdraw their portion of the eskrow? Does the Masternode have to shut down until a replacement is found? Or do we implement a fixed term contract? i.e. a month long contract and you cannot withdraw your FSL contributions until the end of the month/contract?

In principle I think it would make a lot of people happy that their coins are actually being put to use.
The time-frame is pretty tight, when could such a service be implemented?

Thanks!


Have you come across MUE? It needs something like 500,000 coins for a masternode which is quite a lot of cash (was, at least, before the price dropped a lot) and their service, mymue.com, which fractional shares for 10,000 coins.
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December 14, 2017, 12:35:59 PM
 #765

Two questions, actually turns out it was 3, about Sanctuaries..

        These are only Linux ? Or will there be a Windows solution to this ?

        And secondly, is a static IP required ?

        Go on, a third then, is much bandwidth required ? Any calculations on this ? Or is it low enough that it's not worth thinking about..

Looking forward to running one or two, just not mad about Linux.. But if needs be, then so be it..
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December 14, 2017, 01:05:06 PM
 #766

Two questions, actually turns out it was 3, about Sanctuaries..

        These are only Linux ? Or will there be a Windows solution to this ?

        And secondly, is a static IP required ?

        Go on, a third then, is much bandwidth required ? Any calculations on this ? Or is it low enough that it's not worth thinking about..

Looking forward to running one or two, just not mad about Linux.. But if needs be, then so be it..

Here is the guide again btw:
http://wiki.biblepay.org/Create_Sanctuary

They are linux only, primarily because the proof-of-service software we use only runs on linux.

No windows solution is currently scheduled, unless our stratis Proof-of-concept is really well received.  If it is, Ill port watchman-on-the-wall to c# so that then you can run a Pose-enabled biblepay node in c#.

Static ip is required, thats primarily why we recommend web hosts for this.  If your node fails to vote when its asked to you lose your sanctuary payment.

Very low bandwidth is required, only 10% more than a normal node, Except since you are a full PoSE node you would be servicing inbound connections, however these are split among all the nodes.  Im running one with 1023 connections and its taking 40kbps so its pretty low.  You can see the network graph in the qt wallet btw (Tools | Network Traffic).

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December 14, 2017, 01:11:53 PM
 #767



Have you come across MUE? It needs something like 500,000 coins for a masternode which is quite a lot of cash (was, at least, before the price dropped a lot) and their service, mymue.com, which fractional shares for 10,000 coins.
Yeah, I see MUE.  It does simplify the whole idea.  It would be a lot simpler for the investors to only have to deal with the fractional share part of it.

Im kind of worried about all of the other related problems this particular service deals with however.  It requires me to hold cold wallet escrow somewhere outside of the pool, handle lease terminations, be responsible for outages, be responsible for fractional investments, be potentially viewed as a person who issues securities (IE what if someone views a fractional masternode as a share in an investment)?, and requires the software to be written and maintained.   (The big one for me is holding sanctuary related escrow in one concentrated place, its something I dont want to deal with).  The second biggest is if the maintenance of all of the moving parts of this system turn out to be as complicated as a PO/Project management system.

Im thinking this idea might take away from our core focus of adding gospel features in, and making the stratis proof of concept.

Sorry about that guys but I think Im going to have to deprioritize this one.  If you guys can come up with an IT solution among each other, you could have your own subdomain for this....



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December 14, 2017, 01:12:39 PM
 #768

Im still waiting for c-cex to put us in maintenance, so we are in a holding pattern until they do this (regarding the timing of the mandatory upgrade).



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December 14, 2017, 01:14:01 PM
 #769

Hi, what is the company about?

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December 14, 2017, 01:17:42 PM
 #770



This is a good question. If someone had the required BBP, is it OK to run a masternode on a dedicated machine with a high speed internet connection?
I am far away from the required amount, but if I get there, I have an i5 PC running Ubuntu which is mining. It is connected via ethernet to a high-speed fiber connection. It has not gone down in the whole time I have been mining. Very reliable!

Vultr seem to be one of the more reliable server providers. I tested a few others and I found they had some downtime.
You can run your own sanctuary even on home dynamic IP, as long as its on linux running watchman on the wall, however you have two big risks:
1) If you do go down, you will lose your sanctuary payment, and if you fall out of the payment queue it might take 24 hours to get back in.
2) If your dynamic IP changes, you will have to re-create your whole sanctuary!  The Escrow is tied to the static IP.  <- This is a real pain...

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December 14, 2017, 01:19:17 PM
 #771

Hi, what is the company about?
C-CEX is our exchange... Once they take us down we can work on our mandatory upgrade.

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December 14, 2017, 03:38:04 PM
 #772

Hi, what is the company about?
C-CEX is our exchange... Once they take us down we can work on our mandatory upgrade.


Looks like we are in maintenance now.  Mandatory upgrade is on the way.  The block number is going to be approx 21350 with the goal being to test our masternode sync tomorrow night into Saturday morning, then receive masternode payments starting Sunday.  Once I know things are finalized then we can stay with this new version.

More info will be available soon.



 

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December 14, 2017, 03:48:28 PM
 #773

Please keep working on new exchanges.  I'm a patient person but constantly seeing that short maintenance message with C-CEX has pushed me over the edge.  I'm cashing out, if the site is ever working long enough for me to use it.  Spent at least 90 minutes trying to do what it takes 2 minutes to do on any other exchange I use.  I'll use coinsmarkets for BBP, they have less volume but at least they're usable.
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December 14, 2017, 04:09:21 PM
 #774

Hi, what is the company about?
C-CEX is our exchange... Once they take us down we can work on our mandatory upgrade.


Looks like we are in maintenance now.  Mandatory upgrade is on the way.  The block number is going to be approx 21350 with the goal being to test our masternode sync tomorrow night into Saturday morning, then receive masternode payments starting Sunday.  Once I know things are finalized then we can stay with this new version.

More info will be available soon.
 

The mandatory upgrade should be ready for windows in about 4 hours.  In the mean time could I get some linux nodes to upgrade?

Code:
BiblePay - 1.0.6.5
Mandatory Upgrade

- F8000 (Proof-of-Bible-Hash) Starts at block #21350
- Sanctuaries go live at Block #21350
- Sanctuary payments go live at block #21551
- Superblocks start at block 30001
- Superblock are monthly
- Amazon integration (in wallet e-commerce) goes live at block 21350
- Proposals and Budgets go live at block 21551




Let's install a couple sanctuaries and ensure things are working....



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December 14, 2017, 04:27:13 PM
 #775

linux wallets is ready for update?
Rob why you didnt use escrow for list bbp to exchanges?

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December 14, 2017, 04:32:44 PM
 #776

Please keep working on new exchanges.  I'm a patient person but constantly seeing that short maintenance message with C-CEX has pushed me over the edge.  I'm cashing out, if the site is ever working long enough for me to use it.  Spent at least 90 minutes trying to do what it takes 2 minutes to do on any other exchange I use.  I'll use coinsmarkets for BBP, they have less volume but at least they're usable.

What is up with this exchange?? constantly shows the 'be back in 15' message. I think they do this to get ahead of people's trades and put their own. Or they do not know what they are doing.

This week it has been unusable. With the recent pump/dump in price there was no way to benefit. They took forever in taking coins in. And when I tried to put a trade, it goes into maintenance.

Have they always been this way? Is there something else going on behind the scenes?
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December 14, 2017, 04:36:17 PM
 #777

 Shocked Shocked

btw: 1 important thing for masternode linux machine for hot wallet=  25GB is very low from VULTR= beware, get with min 50GB ..... we have problems on DASH with this VPS  Wink after 1year will be this space complete fully
best choice will be build own cheap little machine=NUC INTEL is best choice for this or get cheap dedicated machine with 500GB space, exists more solutions

this is a good point actually. 

I wonder  how long will masternode with 40 GB storage last ?

hardly any provider can offer 500GB on VPS .
I'd rather get a static IP from my cable provider and host it myself.

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December 14, 2017, 04:44:05 PM
 #778


biblepaygenerate is true but the debug file is not being created.

how do i setup solo mining? maybe i can get it working solo first.



alright so I've tried reindexing and created a new worker… also confirmed I was connected using wget however its still not letting me mine for some reason. I also tried restarting biblepay and restarting with the conf edited but no luck. Where is this other directory you speak of? right now I'm in the biblepay folder in usr (src). How do I cd to the dir you are talking about?

Aha! Thats probably it, its probably the execution user is different than the working dir (maybe).

So heres one way to try:
Go back to linux command prompt.
cd ~/.biblepaycore
nano biblepay.conf

modify this file to have gen=0
debug=true
debugmaster=true

exit nano

rm debug.log


Then start biblepay, and while it is running:

cd ~/.biblepaycore
cat debug.log


Verify the timestamps in the log are current.

Also, verify 'getmininginfo' shows biblepaygenerate=false


If these two things are true, then just edit the biblepay.conf file again with the pool info, and try again.

We need to ensure setting gen=0 says biblepaygenerate=false, then setting gen=1 makes getmininginfo say biblepaygenerate=true, then we know you are affecting the correct config file.


(The testnet config file is at ~/.biblepaycore/testnet3/biblepay.conf to answer your question but you wont need that).



biblepaygenerate is true but the debug file is not being created.

how do i setup solo mining? maybe i can get it working solo first.
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December 14, 2017, 04:54:27 PM
 #779

If you are currently trying to set up a cold sanctuary, yet the windows release is not ready for 3 more hours:

* You can use the current windows version to set up your masternode (IE getaccountaddress, sendtoaddress, etc).

http://wiki.biblepay.org/Create_Sanctuary


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December 14, 2017, 04:54:54 PM
 #780

Hi, what is the company about?
C-CEX is our exchange... Once they take us down we can work on our mandatory upgrade.


Looks like we are in maintenance now.  Mandatory upgrade is on the way.  The block number is going to be approx 21350 with the goal being to test our masternode sync tomorrow night into Saturday morning, then receive masternode payments starting Sunday.  Once I know things are finalized then we can stay with this new version.

More info will be available soon.
 

The mandatory upgrade should be ready for windows in about 4 hours.  In the mean time could I get some linux nodes to upgrade?

Code:
BiblePay - 1.0.6.5
Mandatory Upgrade

- F8000 (Proof-of-Bible-Hash) Starts at block #21350
- Sanctuaries go live at Block #21350
- Sanctuary payments go live at block #21551
- Superblocks start at block 30001
- Superblock are monthly
- Amazon integration (in wallet e-commerce) goes live at block 21350
- Proposals and Budgets go live at block 21551




Let's install a couple sanctuaries and ensure things are working....




I'll start upgrading some linux servers now ... please post the link to download the upgrade.
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