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Author Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)  (Read 225319 times)
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April 21, 2020, 04:18:23 AM
 #17341

https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,42310_lastpage,yes#624296

We are starting a new beta test that will be version 7.08 for Autodock. This is the new project that was announced here: https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,42232

The initial group of work units will range in size from 3 minutes to 6 hours. We will be sending out 2 copies of every work unit to help check the validator works against the answers. Each work unit should check point 49 times. Please test the check points out.

Also, we are not hiding the screen saver graphics, so you may catch a glimpse of what it will look like.

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April 21, 2020, 02:11:59 PM
 #17342

** New RandomX Mining Calculator Ready for Testing **

https://foundation.biblepay.org/MiningCalculator


I believe all we need to do is make two of the values update dynamically in the future. 

Please test the math, seasoned miners.

At this point in the game, BBP pays twice as much as XMR to mine.
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April 23, 2020, 07:50:53 PM
 #17343

** XMR+BBP parternship appears to be a success **


I'm very pleased to announce a small update regarding our RandomX initiative. 

First, tallying our April revenue from RandomX (sourced from foundation.biblepay.org and miningpool.fun), we have raised  1.13 XMR between April 1st and April 21st.  Even more exciting, with the higher recent trend (collecting the full 10% tithe over the last two days), it is projected at our current mining level (of 2.0 MH/S in the foundation pool), that we would actually be raising 3.0 XMR by the end of April!  This means that with our very tiny initial launch, we are already on track for raising about $180 in orphan charity in one single month!  Although this is relatively meager, it's a pretty big dent in our current orphan sponsorship level (75 orphans at $2,645.00 per month paid via POOM).  Or another way to look at it, we are on track to raising 6.8% of our child sponsorship expenses in our very first month of operation. 

The other equally important facet of this initiative is we have successfully found a way to eliminate 100% of the drawdown on the BBP currency ticker (remember, in the past, with our huge orphan charity expenses, each time we liquidated for compassion, we sent our price spiraling down by 70% as we raised money for orphan charity); those days appear to be over!  If we move entirely to the new model (XMR charity liquidations) there will be no drawdown on the BBP price!  (Except for the effect of normal mining liquidations).  But even that aspect has a very positive change.  With our XMR-BBP partnership, it can be viewed that the lions share of the miner's electricity bills are already paid (via the personal mining XMR reimbursement).  Meaning that this ecosystem allows us an unlimited growth potential without drawing down our price for mining rewards.

SAI.ngo news:  I received a message from Stephan at SAI.  We have been working on a deal to sponsor 30 more Venezuelan orphans for $20 per month.  The deal has been delayed for two reasons:  they are operating in emergency mode due to coronavirus.  Secondly they are having some type of governmental issue at the branch.  Steven will follow up with me within 30 days, once he confirms that the local branch is creating the bios.  In the mean time, we can mine against our extra cameroon-one children.  (I am setting up 10 outside of poom for this purpose, but keeping the bios and accounts active).

Future:

I believe we need to scale up what is successful, and what works for us.  We have quite a bit of room with POOM to improve our RandomX ecosystem.  Note that I am not the type of person that wishes to start a relationship and break it, so I feel we must do this slowly (over the next 8 months).  The idea is to slowly phase out POOM and phase more RandomX rewards in.  We can do this without hurting our relationship with Cameroon-One, by keeping the children sponsored but paid for with RX.  I'm monitoring GlobalGiving for matching opportunities.  If we can find a match, I will jump in and create a BiblePay match account, move the child from Poom to GG, and then we can allocate XMR revenue towards those children, etc.

What this means from a mining perspective is we can raise the heat mined reward as we scale back POOM rewards.  For example, if we lower the POOM reward 20% in our June release, we can raise our heat mined reward the effective amount up.  It might rise from 2482 per block to 3482 per block, for example.

Exciting times!
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April 25, 2020, 10:04:33 PM
 #17344

***  Plan to Decentralize BiblePay into a fully decentralized autonomous charity  (DAC)  ***

https://wiki.biblepay.org/Continuity_Plan

Please read and if you have any concerns or proposed changes or if you feel this does not cover one of our processes please let us know.
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May 02, 2020, 01:39:00 PM
 #17345

*** FIRST MONTH OF BBP + XMR ORPHAN-CHARITY  LIQUIDATION REPORT ***


We had a great starting month - For April 2020 we raised:
Miningpool.fun - .132 XMR
Foundation.biblepay.org - 1.95 XMR (this includes the funds raised from rx.biblepay.org while it existed)
=================================
TOTAL RAISED:  2.082 or $135.65

EXPENSE:  Cameroon-One will receive 2.082 XMR today.


Cameroon-One is now accepting XMR.  Their charity address is: 86dLi8C8iQT8EvLw3nLM5N9snaKVmBrdvccmgW7KYchXC7oz5cGoV7iQ6kGR6f8N3DbMs49xyxf718N tCnEnWecjKgWLBrx

We will be transferring this today to cameroon-one (when it matures).

Congratulations to everyone who helped orphan-charity!

NOTE:  Accountability.biblepay.org is being updated now with these two entries - and going forward, we will have a revenue entry each month for each pool, and an expense entry for each charity expense.
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May 02, 2020, 01:40:08 PM
 #17346

** TESTNET IS NOW OPEN and we are looking for HELP to help test our JUNE 2020 Mandatory Release **

Help!

https://forum.biblepay.org/index.php?topic=531.new#new

We will need at least 6 sanctuaries running in testnet in order to test this new decentralized sanctuary spork voting outcome feature.

Optimally, we will finish testing within 30 days and have a June 15th release.
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May 08, 2020, 05:08:46 PM
 #17347

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May 11, 2020, 10:30:01 PM
 #17348

This may have been covered here and I may have missed it, but I am now using the 64-bit 1.5.0.7 of BiblePay Core.

My Evolution wallet had more coins in it, I am assuming we no longer use BiblePay Evolution and those coins are because I may have forked off?

Either way, I am still successfully receiving smart contract rewards from the World Community Grid by running my Core wallet 24/7 along with BOINC. My team Biblepay user name is satoshi0x. I have been participating non-stop since early February.

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DVC: 1EP4QqKq42kpfuZB3XQSyscrWNYRt158Et
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May 12, 2020, 05:15:58 PM
 #17349

This may have been covered here and I may have missed it, but I am now using the 64-bit 1.5.0.7 of BiblePay Core.

My Evolution wallet had more coins in it, I am assuming we no longer use BiblePay Evolution and those coins are because I may have forked off?

Either way, I am still successfully receiving smart contract rewards from the World Community Grid by running my Core wallet 24/7 along with BOINC. My team Biblepay user name is satoshi0x. I have been participating non-stop since early February.
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May 12, 2020, 07:47:04 PM
 #17350

* MAIN FORUM THREAD HAS MOVED *




Dear All,

This topic has been moved to:

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