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

[bible_pay]

So for the realists out there:
20% for our budgets from each block - and 100% of our charity goes to orphans with no overhead
Of the remaining 80%: 50% to miner, 50% to sanctuary if Solo mining
If pool mining: 50% to sanctuary, ~45% to miner over the long term <- this is more realistic, temporarily 50/33 for a couple days
If pool mining @ minersofmen: 50%, 50% (If minersofmen is up?)

And I catch your drift, if you want to work with Gross numbers:

Out of a 14000 BBP block, a miner receives 40% of the block NET counting all possible deductions (budget,pool fees,sanctuary share everything), and today-tempoarily receives 33% of the block counting high pool fees (as of today).  Count on that 33% rising over the next 40 days back up to 39% of the block.

Thanks Rob,

Not that I think it's unfair, but it's better to give good amounts of all fees and rewards.
Everywhere u read different value's. Just make one place where u update all information so it's clear for everyone.

Besides that... I think 50% for a masternode is already high. From start it was 10% masternode 80% miner.
If u lower more from the miners they might leave ofcourse.

The pool is good, but with higher fees people just might make a own pool or mine solo. I think that's what we see now.
In the reports from last night I've seen our pool missed even 20 blocks in a row (like 3,3 hour) so someone else got those blocks.

 
[/quote]

Indeed, 50% feels like a lot but it't only for the lucky mn right, not devided over MN like a pool?
Especially since you can also run a miner on the same machine so there is no need to have a dedicated server.

We have 58 MN.

Every 10(?) minutes a block is mined.
So 144 blocks per day spread over 58 mn: would mean that each MN would get 2 blocks at leasts per day.
Which is 11.000 coins.

which is a lot more then a miner would get even with a lot of servers and has power running....

Or do I misunderstood something?

I understand the pool fee and it's fine for now but it also scares people away and they go mine solo which effectively makes the pool less performing and the payout to pool members is lower.
Which in turn can lead more people into mine solo...

But we get more and more miners on the pool and apparently more solo miners which means the coin is getting better known.

[/quote]


We are designed for 7 min block targets, 202 blocks per day, 202 masternode payments per day.
The ROI on the masternode will decrease as more people buy them.  Its a self fulfilling prophecy that ROI will end up hovering around 25% on a small coin like ours, and 10% for a big coin like Dash, meaning we are going to have 200 masternodes, eventually.

As more join in, the payments get divided over more and more masternodes, fulfilling the decreasing ROI.  Right now the roi is something like 400% for a sanctuary, rediculously high, and that will cause more people to invest in them over the next 60 days.

[canopus11]

today i ran MN
for 12 hours i didnt reward on MN....dont understand this system then ... very weird

in Explorer i see 3 MN which didnt receive rewards in last 24hours

[webster22]

Happy new years everyone!

Some goals I hope Biblepay achieves in 2018

• Listed in 2 or more major exchanges. Binance , Cryptopia would be my votes
• Biblepay listed in top 100
• 1000 sat or more!
• Biblepay used to help homeless/poor persons
• Biblepay debt card so I can mine my groceries and day to day expenses

My personal Biblepay goals

• Create many more innovative IT projects for Biblepay to earn...
• A masternode....or maybe 2 or 3
• Pay off blood sucking debts with Biblepay earnings
• Buy a house....if we dream...we dream big

[daemonko]

happy new year from slovakia !

god bless biblepay project, its development and miners

cheers

[slovakia]

happy new yearrrrrrrrrrrrr from SLOVAKIAAAAAA

BBP to the Moon

[znffal]

Happy new years everyone!

Some goals I hope Biblepay achieves in 2018

• Listed in 2 or more major exchanges. Binance , Cryptopia would be my votes
• Biblepay listed in top 100
• 1000 sat or more!
• Biblepay used to help homeless/poor persons
• Biblepay debt card so I can mine my groceries and day to day expenses

My personal Biblepay goals

• Create many more innovative IT projects for Biblepay to earn...
• A masternode....or maybe 2 or 3
• Pay off blood sucking debts with Biblepay earnings
• Buy a house....if we dream...we dream big

Nice! I would also add:

-- Ability to buy any item off Amazon through the wallet (I think Rob is working on this)
-- The stratis project Rob is working on
-- Adding more gospel features. My suggestion: Everytime a transaction is sent/received in the wallet a pop-up confirmation with a bible verse

[bible_pay]

Happy new years everyone!

Some goals I hope Biblepay achieves in 2018

• Listed in 2 or more major exchanges. Binance , Cryptopia would be my votes
• Biblepay listed in top 100
• 1000 sat or more!
• Biblepay used to help homeless/poor persons
• Biblepay debt card so I can mine my groceries and day to day expenses

My personal Biblepay goals

• Create many more innovative IT projects for Biblepay to earn...
• A masternode....or maybe 2 or 3
• Pay off blood sucking debts with Biblepay earnings
• Buy a house....if we dream...we dream big

Nice! I would also add:

-- Ability to buy any item off Amazon through the wallet (I think Rob is working on this)
-- The stratis project Rob is working on
-- Adding more gospel features. My suggestion: Everytime a transaction is sent/received in the wallet a pop-up confirmation with a bible verse

Im all for the amazon feature, we can make it happen.

That popup bible verse feature is a great idea!  Ill get it developed within 30 days.

[capulo]

hi,
have checked autowithdrawal feature and have some questions:
how to disable autowithdrawal? dont see any button/option for this
how to set how many bbp to withdraw? it is better to check transactions with good looking nubmers like 5000 bbp or so, not some 4812.23 if there will not be enough bpp, then no trx will be done, else selected amount will be sent

and happy new year ))

[oliwer21]

The ROI on the masternode will decrease as more people buy them.

They NOT BUY by them they only freez their 1,5mln bbp for time when they want earn 11k coins per day... I'm asking for what atm?
Small miners will never come to this coin because it's look like scam for MN, oh i forgot, as you said "you dont care about small miners..."

P.S. to be clear, i stop minning because i dont want sponsor MN.

[bible_pay]

The ROI on the masternode will decrease as more people buy them.

They NOT BUY by them they only freez their 1,5mln bbp for time when they want earn 11k coins per day... I'm asking for what atm?
Small miners will never come to this coin because it's look like scam for MN, oh i forgot, as you said "you dont care about small miners..."

P.S. to be clear, i stop minning because i dont want sponsor MN.

So much hate for a Christian Coin, lets love one another.

[zer01112]

Happy new year!

[togoshigekata]

I found some articles written about BiblePay in other languages!
With Chrome I could click "Translate this page" button on right side of address bar to read it in English, very cool!

Spanish
https://www.xrltechcorner.com/blog/biblepay-la-palabra-de-dios-ya-tiene-criptomoneda

German?
https://www.krypto-magazin.de/was-ist-biblepay-coin/

Japanese
http://www.zbaron-newworld.com/entry/2017/09/13/010702

[togoshigekata]

Seeing my Sanctuary and a lot of Sanctuaries in list with WATCHDOG_EXPIRED status

Code:

~/.biblepaycore/watchman# cd ~/.biblepaycore/watchman && ./venv/bin/python bin/watchman.py
Traceback (most recent call last):
  File "bin/watchman.py", line 244, in <module>
    main()
  File "bin/watchman.py", line 191, in main
    perform_biblepayd_object_sync(biblepayd)
  File "bin/watchman.py", line 24, in perform_biblepayd_object_sync
    GovernanceObject.sync(biblepayd)
  File "lib/models.py", line 87, in sync
    (go, subobj) = self.import_gobject_from_biblepayd(biblepayd, item)
  File "lib/models.py", line 117, in import_gobject_from_biblepayd
    object_hex = biblepaylib.SHIM_deserialise_from_biblepayd(object_hex)
  File "lib/biblepaylib.py", line 204, in SHIM_deserialise_from_biblepayd
    obj = deserialise(biblepayd_hex)
  File "lib/biblepaylib.py", line 229, in deserialise
    obj = simplejson.loads(json, use_decimal=True)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/__init__.py", line 533, in loads
    return cls(encoding=encoding, **kw).decode(s)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/decoder.py", line 370, in decode
    obj, end = self.raw_decode(s)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/decoder.py", line 400, in raw_decode
    return self.scan_once(s, idx=_w(s, idx).end())
simplejson.scanner.JSONDecodeError: Expecting property name enclosed in double quotes: line 1 column 1673 (char 1672)

[bible_pay]

Seeing my Sanctuary and a lot of Sanctuaries in list with WATCHDOG_EXPIRED status

Code:

~/.biblepaycore/watchman# cd ~/.biblepaycore/watchman && ./venv/bin/python bin/watchman.py
Traceback (most recent call last):
  File "bin/watchman.py", line 244, in <module>
    main()
  File "bin/watchman.py", line 191, in main
    perform_biblepayd_object_sync(biblepayd)
  File "bin/watchman.py", line 24, in perform_biblepayd_object_sync
    GovernanceObject.sync(biblepayd)
  File "lib/models.py", line 87, in sync
    (go, subobj) = self.import_gobject_from_biblepayd(biblepayd, item)
  File "lib/models.py", line 117, in import_gobject_from_biblepayd
    object_hex = biblepaylib.SHIM_deserialise_from_biblepayd(object_hex)
  File "lib/biblepaylib.py", line 204, in SHIM_deserialise_from_biblepayd
    obj = deserialise(biblepayd_hex)
  File "lib/biblepaylib.py", line 229, in deserialise
    obj = simplejson.loads(json, use_decimal=True)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/__init__.py", line 533, in loads
    return cls(encoding=encoding, **kw).decode(s)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/decoder.py", line 370, in decode
    obj, end = self.raw_decode(s)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/decoder.py", line 400, in raw_decode
    return self.scan_once(s, idx=_w(s, idx).end())
simplejson.scanner.JSONDecodeError: Expecting property name enclosed in double quotes: line 1 column 1673 (char 1672)

Lets try to restart them, making me nervous as we get closer to the superblock... Ill look at the error.

[togoshigekata]

Looks like its a JSON error expecting a value to be surrounded by double quotes, not sure if its related to the commands you entered in earlier?

Alright, I just told the pool to release the current budget (this is a decentralized feature btw, its just a one page hex command that is a little technical, if I die Im sure someone here like Alex can figure it out, you then paste this 300,000 hex command into a valid masternode - any biblepay masternode and it kicks it over for the next superblock).  This combines our winning proposals into a budget object and creates a superblock trigger for the next height.  The budget TXID is updated on the current proposal records and they become budget proposal records in contrast to proposal records.

Anyway, the superblock is coming at block 24600 (getsuperblockbudget 24600).

[webster22]

Rob-

Are you all done tweaking the pool shares algo? I have 3 vultr servers running and before maybe friday it was generating over 100 coins per hour. Now down to 12 and sometimes 0 / hr.  Is this what I can expect going forward? Will it increase at start of month? Its very unclear how this all works tbh. If you could retweak it for the little guys again that would be great not only for me of course but for third world countries.

Edit - It is unpredictable. Now saying 35/hr

[togoshigekata]

I noticed the Bitcointalk Forum has ads every now and then inbetween thread posts,
apparently you can get an ad put on the forum by auctioning for it weekly, there are 9 slots,
minimum bid is 0.02 BTC, bids can only be multiples of 0.02 BTC

https://bitcointalk.org/adrotate.php?adinfo
https://bitcointalk.org/index.php?topic=2664093.0
https://bitcointalk.org/adrotate.php?adstats

The stats are AMAZING, over 2-4+ million impressions in 8-11 days per slot

Looks like it has to be HTML/CSS (no images?? Im confused),
anyone have any of these skills that can create a good banner ad for BiblePay?

Our Logo Design files: https://www.reddit.com/r/BiblePay/comments/7asnaa/new_coin_logo_zip_of_images/

I can do the rest of the legwork of competing in the auction.
(NOTE: This is assuming Sanctuaries are interested in using some of the budget for this,
Ill wait to see if anyone is interested and has the skills and then we can create a future proposal)

===

Last Auction #231
Auction ended, final result:
3 0.14 FortuneJack
4 0.14 ChipMixer
2 0.12 Aengus

So to get one slot in last round would have cost 0.12 if we posted before Aengus, or 0.14 if we posted afterwards, so about ~$2,000?

==

Auction #230
2 0.50 Gunthar
4 0.22 ChipMixer
1 0.16 yvo
2 0.14 Aengus

So is $2-3k worth 2-4 million impressions on the bitcointalk forum?

==

Auction #229
4 0.22 ChipMixer
1 0.18 FortuneJack
4 0.16 Stunna

==

Auction #228
4 0.50 ChipMixer
2 0.50 Rumipl
1 0.50 BitMixBiz
2 0.48 Gunthar

==

Auction #227
2 0.52 Gunthar
8 0.50 ICOMANAGER_FR [tentative, need info]
1 0.50 BitMixBiz
2 0.48 Hero_Token
4 0.44 Stunna

These last 2 auctions were back when Bitcoin was worth $6-9k each, but still these past auction prices are definitely a lot higher than the latest ones, weird

==

Rob mentioned this on a proposal: "$1200.00 should get us over 4 million views on google and 40,000 clicks"

[slovakia]

MN down
https://biblepay-explorer.org/  down

 

[togoshigekata]

MN down
https://biblepay-explorer.org/  down

There is a backup explorer: http://explorer.biblepay.org:3001/
Ill message Alex about his explorer

[canopus11]

Seeing my Sanctuary and a lot of Sanctuaries in list with WATCHDOG_EXPIRED status

Code:

~/.biblepaycore/watchman# cd ~/.biblepaycore/watchman && ./venv/bin/python bin/watchman.py
Traceback (most recent call last):
  File "bin/watchman.py", line 244, in <module>
    main()
  File "bin/watchman.py", line 191, in main
    perform_biblepayd_object_sync(biblepayd)
  File "bin/watchman.py", line 24, in perform_biblepayd_object_sync
    GovernanceObject.sync(biblepayd)
  File "lib/models.py", line 87, in sync
    (go, subobj) = self.import_gobject_from_biblepayd(biblepayd, item)
  File "lib/models.py", line 117, in import_gobject_from_biblepayd
    object_hex = biblepaylib.SHIM_deserialise_from_biblepayd(object_hex)
  File "lib/biblepaylib.py", line 204, in SHIM_deserialise_from_biblepayd
    obj = deserialise(biblepayd_hex)
  File "lib/biblepaylib.py", line 229, in deserialise
    obj = simplejson.loads(json, use_decimal=True)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/__init__.py", line 533, in loads
    return cls(encoding=encoding, **kw).decode(s)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/decoder.py", line 370, in decode
    obj, end = self.raw_decode(s)
  File "/root/.biblepaycore/watchman/venv/local/lib/python2.7/site-packages/simplejson/decoder.py", line 400, in raw_decode
    return self.scan_once(s, idx=_w(s, idx).end())
simplejson.scanner.JSONDecodeError: Expecting property name enclosed in double quotes: line 1 column 1673 (char 1672)

Lets try to restart them, making me nervous as we get closer to the superblock... Ill look at the error.

hello, i have same problem with watchman

https://i.imgur.com/w2i6Em9.png