Post
Topic
Re: BiblePay - New Coin Launch - Official Thread
by
hvdb
on 31/12/2017, 20:28:27 UTC

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.



[/quote]

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.