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

[vahtis]

Hello guys......any price predictions during the next 2 months or long term on biblepay? Any new exchanges coming? I think thats the only thing holding this great looking project at such a low price right now.

We are supposed to be listed on CryptoBridge in one month, Luke has a full report of more detailed exchange info, We are close to being listed on NEXTExchange, (our votes hit the threshhold).  We have a hard offer to be listed on coinexchange.io for 2 BTC. 

As far as price, I can't really comment as that could be a conflict of interest but we are deflationary (by 19.5% per year) so please see the average coin appreciation since inception and see if it has grown by ~ that amount etc, that may be a good starting point.

We have been keeping up with the roadmap, so the future looks bright for the orphans.

Yobit is easy listing for 0.5 BTC and pretty good volume.

As far I knwowow. Yobit has been paid and they have not even contacted devs.

[noxpost]

Hello guys......any price predictions during the next 2 months or long term on biblepay? Any new exchanges coming? I think thats the only thing holding this great looking project at such a low price right now.

We are supposed to be listed on CryptoBridge in one month, Luke has a full report of more detailed exchange info, We are close to being listed on NEXTExchange, (our votes hit the threshhold).  We have a hard offer to be listed on coinexchange.io for 2 BTC. 

As far as price, I can't really comment as that could be a conflict of interest but we are deflationary (by 19.5% per year) so please see the average coin appreciation since inception and see if it has grown by ~ that amount etc, that may be a good starting point.

We have been keeping up with the roadmap, so the future looks bright for the orphans.

Yobit is easy listing for 0.5 BTC and pretty good volume.

Supposedly - but if you read back a few pages, we had somebody pay the 0.5 for premium listing and it never happened, and Yobit wasn't communicative - and that wasn't the first time Yobit has acted like that. I think we're pretty well done with them.

[616westwarmoth]

With the next mandatory,  is there going to be another poll on the staking requirement?

Or is everyone happy with how things are currently?

Staking @ 20BBP / RAC is good in general.

I would like to see an exception for small users / new comers up to 500 RAC maxi - where they would have to stake only 1 BBP
This would make it easy to get newcomers onboard.
The more users / supporters / followers we bring in - the better will be the prospects for BBP.

IMO: making multiple accts that have to stay below 500RAC is just not worth the effort - so would not be a workaround to avoid staking.

PM

There is work being done by the GRCPool operator to make a BBP Pool which would eliminate the need for a new user to have stake.  Fees are being worked out but likely will be 35% pretty soon, which given the staking requirements seems a bit low to me but a good starting mark.

While I'd like to think that 500 RAC would make it tough to cheat, I bet we'd see a huge increase in users and a lot of just under 500 users magically appear.

I was a proponent of staking per MAG but am in hindsight very happy with the way staking per RAC has worked.  I don't think adjusting it at this point would be beneficial to the coin although if our coin valuation were to grow and stabilize at a significant multiple of where we are at now, I think re-evalutation might be warranted for staking and Sanctuary costs.

[616westwarmoth]

these fees are simple math. you can stake 1.5m to masternode, or to pool. 1.5m is ~75k rac and this is about 10k bbp/day vs 4k bpp/day from masternode
so fees are covering losses to not stake as masternode

but 65% is still better than 0% for most of beginners...

You inconsciously forgot the cost of generating 75k RAC, which is about 600-800€ a month.

Of course, this is not the case for the people that are hijacking from his boss' hardware and power grid.

The operator of the pool should be able to, in my view, get a return that is at least that of what they would get by running Sanctuaries with the stake.  I would predict that to run the pool, it will need to be staking close to 9M BBP in the very near future (that would only cover 450K RAC which is roughly 6% of our total team RAC).  With 9M BBP, the operator could run essentially 6 Sanctuaries as far less cost and headache.  Right now a 450K RAC would pay about 70K BBP/day, 35% fee would make the operator just under 25K BBP/day.  6 sanctuaries would make roughly 23,500 a day.  So if anything 35% is to me unfair to the operator and insufficient.

[616westwarmoth]

Hello guys......any price predictions during the next 2 months or long term on biblepay? Any new exchanges coming? I think thats the only thing holding this great looking project at such a low price right now.

While this should not be investing advice, a few things to look at.

We were a $0.007 (7/100ths of a cent) coin for most of the first four months.  When masternodes (sanctuaries) were announced, our price jumped (and this was also during the big run up in crypto in general).  When the January crypto correction took place, we dropped as well.  For most of this year since January, we've bounced between $0.0025 and $0.0033 (one quarter to one third of a cent).

Gridcoin, which is a significantly older project, has a market cap of between 6 and 7 times what ours is.  We do some things that are similar (BOINC) although they do that to a broader degree.  However, we do things they don't (direct charity, Masternodes).  My personal feeling is that we should be much closer to their valuation, and a rally in the crypto markets could put us in a position where we MIGHT be able to sustain a price at or above one penny.

[slovakia]

TOGO coinmarket changed Announcement to bad forum ...  i sent correct info

ROSETTA is under maintenance

[togoshigekata]

https://coinmarketcap.com/currencies/biblepay/

[slovakia]

Dan (CoinMarketCap)

Jun 11, 2:59 PM EDT

Hi,

Our support rep has indicated that your request has been resolved. Please note that it may take some time for the changes to be reflected on the website.

If you believe that the changes have not been reflected correctly after 24 hours, please reply to this email to notify the support team.

Sincerely,
CoinMarketCap Support


Please describe in as much detail possible what you wish to update.
hello, announcement of BIBLEPAY is bad.....this is correct https://bitcointalk.org/index.php?topic=2388064.msg39903134#msg39903134 thanks


so it looks good

[slovakia]

new info from WCG

https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,40876_offset,0#584818

[Cora_ED]

In General, now I look at the market and all prices have fallen very much. It looks very attractive to buy everything. I think this is a very good and worthy project and soon the expectations of investors will be met. I think soon the coin will fly up and now we need to buy

[operabit]

Hello guys......any price predictions during the next 2 months or long term on biblepay? Any new exchanges coming? I think thats the only thing holding this great looking project at such a low price right now.

We are supposed to be listed on CryptoBridge in one month, Luke has a full report of more detailed exchange info, We are close to being listed on NEXTExchange, (our votes hit the threshhold).  We have a hard offer to be listed on coinexchange.io for 2 BTC. 

As far as price, I can't really comment as that could be a conflict of interest but we are deflationary (by 19.5% per year) so please see the average coin appreciation since inception and see if it has grown by ~ that amount etc, that may be a good starting point.

We have been keeping up with the roadmap, so the future looks bright for the orphans.

Yobit is easy listing for 0.5 BTC and pretty good volume.

Wait, why should yobit? but often get bad feedback from traders, you should look for other exchanges such as cryptopia or coinexchange.

[BtcMan2009]

It seems like everything as usual, everything depends on the cost of adding coins to the stock exchange. In recent months, very much increased the rate of addition to the exchange, I think it also plays a big role in the selection of the exchange.
But of course, if there is an addition to other exchanges, it is better to wait for another addition.

[sunk818]

Btw, the WCG credit factor has been reduced to 0 today.

We are still waiting for WCG/IBM to send us the data consumption agreement .

https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,40876

Not hopeful after reading that.

But since IBM is a commercial entity that focuses on selling technology solutions, we felt that the agreement drafted for World Community Grid wasn't sufficiently geared towards volunteers. The World Community Grid team feels strongly that, in the long run, it's better for us to continue to work with the legal team to push for an agreement that we believe will meet volunteers' needs as well as IBM's needs, rather than give volunteers an agreement that is more geared towards commercial engagements and is not as relevant to a philanthropic initiative.

[sunk818]

Man, what's up with our POW difficulty right now? 26006 - and it's been over an hour since the last block as a result. Crazy.

I don't understand this obsession with PoW difficulty. Difficulty goes up and down to keep the average blocktime as close to 7 minutes as possible. Since network hashrate changes and time to produce an acceptable hash is not guaranteed, you will see fluctuation of blocktime and difficulty. Ideally, you want the smallest gap between min & max time between blocks but this not possible with proof-of-work algorithm.

[winters03]

Hi, can someone help? I'm having trouble starting mining.

I've associated (i think) my wallet with BOINC (ran exec associate user pass), 'exec getboincinfo' shows the same cpid as on the boinc site. I'm staking 2700 BBP, and my RAC is 46. The address i'm mining to is 'BKPfggkek4C5x7NDifRjfxTJJXLU5sZJgD'. However, my mining pool (purepool) doesn't show my stats (404 error) and my magnitude is still 0.

I had to set up a lot of stuff, i'm not sure which part might not be working.

P.S. some people say that you need to make your machines public in BOINC. I'm not sure how, but I can view the url for my computer without being logged in. I guess that means it's public?


biblepay.conf

addnode=node.biblepay.org
gen=1
genproclimit=1

pool=https://pool.purepool.org
workerid=BKPfggkek4C5x7NDifRjfxTJJXLU5sZJgD

utxoamount=2700

biblepay-cli exec getboincinfo

{
  "Command": "getboincinfo",
  "CPID": "5fe7947b58a52d6ec28a84e2c6ed9030",
  "Address": "BJ14HdoNeisomHhzGybZYsJX8bxUVpVCcN",
  "CPIDS": "5fe7947b58a52d6ec28a84e2c6ed9030;",
  "CPID-Age (hours)": 424655,
  "NextSuperblockHeight": 52070,
  "NextSuperblockBudget": 1144187,
  "5fe7947b58a52d6ec28a84e2c6ed9030_ADDRESS": "BJ14HdoNeisomHhzGybZYsJX8bxUVpVCcN",
  "5fe7947b58a52d6ec28a84e2c6ed9030_RAC": 46.25,
  "5fe7947b58a52d6ec28a84e2c6ed9030_TEAM": 15044,
  "5fe7947b58a52d6ec28a84e2c6ed9030_WCGRAC": 0,
  "5fe7947b58a52d6ec28a84e2c6ed9030_TaskWeight": 100,
  "5fe7947b58a52d6ec28a84e2c6ed9030_UTXOWeight": 2298,
  "Total_RAC": 46.25,
  "Total Payments (One Day)": 0,
  "Total Payments (One Week)": 0,
  "Total Budget (One Day)": 1144187,
  "Total Budget (One Week)": 8009309,
  "Superblock Count (One Week)": 8,
  "Superblock Hit Count (One Week)": 8,
  "Superblock List": "51865,51660,51455,51250,51045,50840,50635,50430",
  "Last Superblock Height": 51865,
  "Last Superblock Budget": 1144187,
  "Last Superblock Payment": 0,
  "Magnitude (One-Day)": 0,
  "Magnitude (One-Week)": 0
}

biblepay-cli getmininginfo

{
  "blocks": 51939,
  "currentblocksize": 1804,
  "currentblocktx": 1,
  "difficulty_podc": 1914.913598126074,
  "difficulty_pow": 7454.874861986194,
  "difficulty": 1914.913598126074,
  "errors": "",
  "genproclimit": 1,
  "networkhashps": 1727038.466539418,
  "hashps": 87.28869877380799,
  "minerstarttime": "06-11-2018 19:13:40",
  "hashcounter": 1296682,
  "pooledtx": 1,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "",
  "poolinfo2": "",
  "poolinfo3": "",
  "podc_tried": 6,
  "podc_sent": 1,
  "podc_sent_amount": 1017.5,
  "podc_average_amount_sent": 1007.425742574258,
  "miningpulse": 2214,
  "poolmining": true,
  "pool_url": "https://pool.purepool.org",
  "poolmining_use_ssl": true
}

[sunk818]

Side project for a zealous taker:

I receive questions from various partners via e-mail about 'What is the biblepay governance system and what are proposals, budgets and how do i submit a proposal'.

I respond with various links that we have established, mostly to the credit of Togo.  Although I think we have good coverage on how to add a proposal and what a proposal is I believe our documentation is lacking on 'What is the governance system, and what are the details of the proposals'.

I found this from Dash:
https://docs.dash.org/en/latest/governance/understanding.html

And although this is excellent, and I want to give credit to Dash, I feel we should have our own version on our wiki page to refer them to.
So I am wondering if someone wants to paraphrase this content, use biblepay screenshots, and of course give all the credit to dash in various places (IE - This was originally created by Dash) and full credit in the footer.

In this way we will have a more professional and consolidated reference to hand out to our partners.

I think using .git for versioning and forking from existing documentation is helpful.

[sunk818]

So if anything 35% is to me unfair to the operator and insufficient.

Fairness and logic aside, there's something to be said for predictability making changes slowly. If you want to attract people to the pool, there needs to be some sort of incentive favoring the cruncher. I also think fee changes need to come slowly and with a lot of thought. Sure, if you want to treat the pool like a corporate business, you'd want to extract maximum profit, but I think there's a few other factors where slowly making changes will create big disruptions for the DC projects, BiblePay, nor the pool.

I think of bbppool as a form of advertising. You reduce the barrier to entry and more people will hold BBP. A big user base has more value long-term because of the network effect. Look at PayPal, eBay, Facebook, etc.  Growth became exponential as more users joined.

Like the BiblePay Faucet, might I suggest bbppool be partially subsidize up to max # of RACs. Add KYC type verification, and you can mitigate some of the botnet type issues.

[sunk818]

Hi, can someone help? I'm having trouble starting mining.

http://www.purepool.org/main/miner/BKPfggkek4C5x7NDifRjfxTJJXLU5sZJgD/

Your URL shows up for me.

Looks good. Just wait 24 hours.

Also, I would remove utxoamount=2700 ... the wallet will stake the full amount automatically if you remove that line and restart the wallet.

[cuarc001]

I cannot really tell you how to do it as I'm not that fluent in the workings of crypto when looking under the hood. However, I would strongly encourage the devs to really try to lock down ways to mitigate cheaters better than Gridcoin has done.

Collatz had to completely rebuild their site/servers/etc... because at least one Gridcoin user was cheating on a large scale  under one of their pools.
https://boinc.thesonntags.com/collatz/forum_thread.php?id=15#190
The responses from the Gridcoin team did not sit well with the community as it basically came down to telling the community to fix their projects and to not tell Gridcoin how to run theirs. Science was indeed affected and has to be re-ran. This event was the straw that broke the camels back and essentially caused Gridcoin to be banned from the Annual Pentathlon which is the largest competition in the BOINC world amongst teams.

Gridcoin users basically had coin stolen from them because of the cheater getting rewarded. I do not know if they ever resolved any of it as I don't follow their threads. Collatz lost the old forums that had a lot of the details in them.

And it appears that a possible cheater has appeared yet again at another BOINC project - http://gene.disi.unitn.it/test/forum_thread.php?id=216#1325

On a positive note, have you guys considered possibly adding GPUGrid to your list of projects? http://www.gpugrid.net/

[SVK Noko]

new info from WCG

https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,40876_offset,0#584818

As I understand correctly it means another waiting time :-)