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

[bible_pay]

Hey,
Just curious, can we make this any more complicated to mine this coin?  We went from extremely easy, to something that requires a ridiculous amount of time to understand.  Maybe we can add a couple of more acronyms, and steps that the average user is unwilling / unable to deal with.

 

Its pretty easy, maybe go for flubber coin?  

Won't win any awards for plain English however...

Our documentation is very good, and we are easier to understand than a BFL Labs ASIC, and of a higher calling, you just need a moderate IQ to understand the documentation.  This sets us apart, being a better breed for Christ.

[1713409922]

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[1713409922]

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[1713409922]

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[bible_pay]

Thanks guys... making progress

{
  "Command": "stakebalance",
  "StakeBalance": 3259
}
Now to see how long for the weights to increase.


hmm


perhaps not.

exec podcupdate

12:50:45

{
  "Command": "podcupdate",
  "PODCUpdate": "Unable to create PODC UTXO::Balance (3259.00) less than target UTXO (50001.00)."
}

config has  utxoamount=3000

I dont think your config has actually been set properly.

The wallet does set the target (above in that 50001 part of the message)using the "utxoamount=XXXX". 

[thesnat21]

I dont think your config has actually been set properly.

The wallet does set the target (above in that 50001 part of the message)using the "utxoamount=XXXX". 

my config:

addnode=node.biblepay.org
addnode=biblepay.inspect.network

gen=1
genproclimit=3
poolport=80
pool=http://pool2.biblepay.org
workerid=*
utxoamount=1

[capulo]

hmm but you might announce maintenance few days before, now i had quite a big amount on c-cex without possibility to withdraw... and this could be dangerous these days as everybody fighting against c-cex due to xvg ...

my worst affairs confirmed.... c-cex is down due to stolen xvgs issue ..
thanks you rob for letting us know about going maintenance that we have enough time to withdraw coins...

[bible_pay]

hmm but you might announce maintenance few days before, now i had quite a big amount on c-cex without possibility to withdraw... and this could be dangerous these days as everybody fighting against c-cex due to xvg ...

my worst affairs confirmed.... c-cex is down due to stolen xvgs issue ..
thanks you rob for letting us know about going maintenance that we have enough time to withdraw coins...

I do apologize for starting the process early, but I want to underscore two things:

- After we were down for over 30 days at Christmas, due to CCEX being on vacation, and, with the ticket queue being FULL twice where I could not even create a ticket to take us down, I decided to get a few days early jumpstart because I knew PODC would be a long process.
- At any particular time in the lifecycle of crypto, you *may* have had a balance at CCEX and woke up to find CCEX down the very next morning.

Its not really fair to try to blame me for a loss in your portfolio.

[capulo]

yeah but, everybody who was reading c-cex thred knows, that there is strong xvg holders group against c-cex. and they plan to do steps agains c-cex. so if i were aware of going maintenance early, i could  withdraw everything... when we turned to maintenance mode i still had 2 options, sell all bbp for low price and withdraw something else or wait... i was waiting because i just have enough for masternode... so now i must hope that ccex will goes up just to withdraw coins or so... but as we are still in maintenance i realy dont know ...
nevermind, going to mine harder than before

[cryptocadxyz]

SouthXchange Wallet is back online! Just got my pending transaction from last week, heh.

[Dimarzio123]

yep
But no liquidity on southXchange
Withdrawal lockup on cash or BBP of 60 days
Huge price difference between last trades on c-cex and southXchange bid / ask
What to do?

PM

SouthXchange Wallet is back online! Just got my pending transaction from last week, heh.

[616westwarmoth]

Why am I such a big fan of Stake per RAC?  Because of our emission schedule:

http://wiki.biblepay.org/Emission_Schedule

Month-Year   Block Emission   Monthly Emission   Total Emission
12/25/2017   12,313           74,613,750            274,613,750
12/20/2018   10,270           62,237,714            1,087,306,771
12/15/2019   8,567           51,914,467            1,765,200,000
12/9/2020      7,146           43,303,517            2,330,652,413
12/4/2021      5,961           36,120,847            2,802,314,348  <-Half of BBP emitted by mid 2021!!!
...............
12/23/2046   59                    359,591                    5,150,636,889

Basically, half of our total emissions are in the first 4 years.  The next half of emissions takes 25 years!  
That is telling you that it is time to accumulate and be patient.  But to help traders and investors out through this high emission rate, staking per RAC would REALLY help.  As price appreciates and emission tapers we can scale back the amount needed per RAC.  

Vote here:

http://forum.biblepay.org/index.php?topic=127.0

EDIT:  Legacy ie., 50,001 per user to get 100 UTXO would be better than staking per MAG because that would also grow the aggregate stake amount with the user base while making everyone stake the same amount.  If they are fractional MAG they will always be fractional MAG and their stake amount will never go down like the bigger miners.

Do you wonder why there are no traders posting on Reddit, like "when moon?"  It's because traders and investors look at the emissions and feel like they are getting dumped on by miners.  It's why I worry that BTC will shoot up while we are still in our high emission phase.  And if you are looking for something to trade, what do you look for?  You can look for something that is getting positive money flow on a down day.  That is how I found BBP.  Or you can do what lots of other traders do, and look for something that gains in RELATIVE STRENGTH.  Relative Strength is how a particular coin performs relative to its peers.  As for biblepay, since I have been in it, our relative strength has done worse.  We were ranked in the top 500s of market cap, now we are in the 700s.  The fact that we are not outperforming other coins is a message that something needs to be done.  Jumping other coins in rank will draw in traders.  Traders like stuff that goes up especially since it's not easy to short cryptos.  

However, I believe BTC drops by 90% during the next US/global recession.  I think the US going into recession, when it happens, will take Asia along with it and likely Europe too.  Most of the holders of bitcoin are small investors and they will be looking to sell.  If bitcoin drops by 50-70% during a good economic time, how is it not going to drop by 90% during a recession?  It's another reason why I like growing the stake amount.  To get some good price appreciation before the next recession.

Here is why I think RAC based is a poor substitute for Mag based stake.

Consider where we are at right now, under the corrected coin emission schedule, the Superblock for PoDC should be roughly 1.4M BBP/day. Right now, to make 10% of that would require (in round terms) 200K RAC for a 100 Mag (based on a "current" Team RAC of about 2M).   So 50K/ Mag (which along with 10K are leading the Mag voting) would mean 5M BBP to make 140K BBP per day, and 20 BBP/RAC (the clear cut RAC leader) would mean 4M BBP for the same reward.  Now, flash forward to next year this time where we'll have (conservatively) 10M Team RAC.  The daily reward will have dropped to about 1.1M BBP/day (with a properly working 7 minute timing block).  So the same 200K user, will then have a Mag of 20 and need 100K to stake or the same amount (5M BBP) to stake under RAC to get 22K/day.

This means under RAC we're either overly generous to our current users or predatory to new ones in a year.  Especially if the price can grow...

Mag will always remain the same cost overall, which is poor because it locks up fewer coins, but the alternative is to me, unacceptable, which is current users like myself get into the PoDC system for a very small percentage of the overall reward.  The best system would be the most complex, and that would require staking equal to some multiple of the reward, like 100x or 150x. 

[tmike]

I dont think your config has actually been set properly.

The wallet does set the target (above in that 50001 part of the message)using the "utxoamount=XXXX". 

my config:

addnode=node.biblepay.org
addnode=biblepay.inspect.network

gen=1
genproclimit=3
poolport=80
pool=http://pool2.biblepay.org
workerid=*
utxoamount=1

gonna repeat...  I put * to block the workerid obviously.

Is there something wrong with this config?  podc still gives me the "Unable to create PODC UTXO::Balance (3259.00) less than target UTXO (50001.00)." error

Someone else in this thread was having the same issue, please advise.

Can you try gen=0 and see if it still mines? Maybe you have a file permission issue.

[znffal]

I dont think your config has actually been set properly.

The wallet does set the target (above in that 50001 part of the message)using the "utxoamount=XXXX". 

my config:

addnode=node.biblepay.org
addnode=biblepay.inspect.network

gen=1
genproclimit=3
poolport=80
pool=http://pool2.biblepay.org
workerid=*
utxoamount=1

gonna repeat...  I put * to block the workerid obviously.

Is there something wrong with this config?  podc still gives me the "Unable to create PODC UTXO::Balance (3259.00) less than target UTXO (50001.00)." error

Someone else in this thread was having the same issue, please advise.

Code:

utxoamount=1

Possible this. It looks like it is trying to use 50001 as UTXO amount which is the default.

Try

Code:

utxoamount=3000

[thesnat21]

Code:

utxoamount=1

Possible this. It looks like it is trying to use 50001 as UTXO amount which is the default.

Try

Code:

utxoamount=3000

Had it at 3000 earlier.. tried again, same result.

im on 1.1.1.0,  it should be registering the command...

is there a way to force it via debug console?

Appreciate any ideas at this point..  lol thanks for the help guys

[znffal]

Code:

utxoamount=1

Possible this. It looks like it is trying to use 50001 as UTXO amount which is the default.

Try

Code:

utxoamount=3000

Had it at 3000 earlier.. tried again, same result.

im on 1.1.1.0,  it should be registering the command...

is there a way to force it via debug console?

Appreciate any ideas at this point..  lol thanks for the help guys

Try in debug:

exec podcupdate true

EDIT: Then check your transactions and see if there is one there. Then wait 6 blocks.

[thesnat21]

Try in debug:

exec podcupdate true

EDIT: Then check your transactions and see if there is one there. Then wait 6 blocks.

nada...

19:24:45

exec podcupdate true


19:24:50

{
  "Command": "podcupdate",
  "PODCUpdate": "Unable to create PODC UTXO::Balance (3259.00) less than target UTXO (50001.00)."
}

no transactions...  lol it dont like me!

[znffal]

Try in debug:

exec podcupdate true

EDIT: Then check your transactions and see if there is one there. Then wait 6 blocks.

nada...

19:24:45

exec podcupdate true


19:24:50

{
  "Command": "podcupdate",
  "PODCUpdate": "Unable to create PODC UTXO::Balance (3259.00) less than target UTXO (50001.00)."
}

no transactions...  lol it dont like me!

Very strange. Ok try changing your config to

Code:

addnode=node.biblepay.org
addnode=biblepay.inspect.network
gen=1
genproclimit=1
utxoamount=3000

then close wallet reopen, and do in debug
exec podcupdate true

Let's check it isn't just the pool mining settings.

[thesnat21]

Very strange. Ok try changing your config to

Code:

addnode=node.biblepay.org
addnode=biblepay.inspect.network
gen=1
genproclimit=1
utxoamount=3000

then close wallet reopen, and do in debug
exec podcupdate true

Let's check it isn't just the pool mining settings.

same..

[znffal]

Very strange. Ok try changing your config to

Code:

addnode=node.biblepay.org
addnode=biblepay.inspect.network
gen=1
genproclimit=1
utxoamount=3000

then close wallet reopen, and do in debug
exec podcupdate true

Let's check it isn't just the pool mining settings.

same..

Hmm ok.

I assume you are on the latest version of the wallet?
You have set the unlock for PoDC updates password when you started the wallet?

What does

exec stakeamount

(it may be exec stakebalance, I can't remember)
give you?

[thesnat21]

im on the lastest download 1.1.1.0, i saw comments on alpha for 1.1.1.1 but not sure where the download is

yes unlocked..

19:48:28

exec stakebalance


19:48:28

{
  "Command": "stakebalance",
  "StakeBalance": 3259
}

[znffal]

im on the lastest download 1.1.1.0, i saw comments on alpha for 1.1.1.1 but not sure where the download is

yes unlocked..

19:48:28

exec stakebalance


19:48:28

{
  "Command": "stakebalance",
  "StakeBalance": 3259
}

Ok dude, I'm lost.
Please try

Code:

exec getboincinfo

Post the results please. We may have to get Rob to take a look at this one.

[znffal]

Ok dude, I'm lost.
Please try

Code:

exec getboincinfo

Post the results please. We may have to get Rob to take a look at this one.

glad im not nuts ... lol somethings up... Appreciate you trying!

anyone got an extra 47k? ... lol that would solve it too.... ugh

19:58:10

{
  "Command": "getboincinfo",
  "CPID": "3c4dbf398e2a1062bd695366dad41f8a",
  "Address": "BJAv7c2Ys9KfzDtyTec5pxpmh97M9KTKBX",
  "CPIDS": "3c4dbf398e2a1062bd695366dad41f8a;",
  "CPID-Age (hours)": 422520,
  "NextSuperblockHeight": 34645,
  "NextSuperblockBudget": 2660579,
  "3c4dbf398e2a1062bd695366dad41f8a_ADDRESS": "BJAv7c2Ys9KfzDtyTec5pxpmh97M9KTKBX",
  "3c4dbf398e2a1062bd695366dad41f8a_RAC": 630.39,
  "3c4dbf398e2a1062bd695366dad41f8a_TEAM": 15044,
  "3c4dbf398e2a1062bd695366dad41f8a_TaskWeight": 0,
  "3c4dbf398e2a1062bd695366dad41f8a_UTXOWeight": 0,
  "Total_RAC": 630.39,
  "Total Payments (One Day)": 0,
  "Total Payments (One Week)": 0,
  "Total Budget (One Day)": 0,
  "Total Budget (One Week)": 13302895,
  "Superblock Count (One Week)": 5,
  "Superblock Hit Count (One Week)": 5,
  "Superblock List": "34440,34235,34030,33825,33620",
  "Last Superblock Height": 34440,
  "Last Superblock Budget": 2660579,
  "Last Superblock Payment": 0,
  "Magnitude (One-Day)": 0,
  "Magnitude (One-Week)": 0
}

Ok, long shot random suggestion,

Send 3100 BBP to your address FROM YOUR WALLET
BJAv7c2Ys9KfzDtyTec5pxpmh97M9KTKBX

i.e. send them to yourself, no new coins, same PoDC wallet.

Wait 6 blocks

then

exec podcupdate true

As I said, long shot...