Quote from: togoshigekata on October 17, 2018, 11:48:49 AM

Quote from: bible_pay on October 16, 2018, 04:20:49 PM

Excellent start.

So on the faucet, I think the faucet would go bankrupt if we turn off the team requirement and leave it at 1000 bbp. I think we will either need to keep as-is and let them change the team, pull the faucet reward, and if they want change the team back they may do so. If we remove the team, I believe we need to lower the reward to 50 bbp. So for now, let's leave it as-is, and require team biblepay for the faucet reward.

For the UTXO requirement: Yes, they will need 2 BBP per RAC to receive the PODC minimum rewards.

Thanks Rob!,

Given your feedback, I think we should leave out mention of the faucet,

I did find that with Staking, we only require:
0.8 BBP per 1 RAC for 10% reward
18 BBP per 1 RAC for 100% reward
https://github.com/biblepay/biblepay/blob/87d751ea7eee9c97ded2b747b312253dc772f238/src/podc.cpp#L249

So if a cruncher has say 30k RAC, they would need
24k BBP = $12, for 10% reward
540k BBP = $270, for 100% reward

and the crunchers will be thinking, how much BBP will I make in a day? How soon will I make back my stake investment?

(Personal RAC / Team RAC) * Daily PODC Superblock Budget * PercentReward = ~Daily Payout

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Okay so here is Draft #2:

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Steps:

0. World Community Grid crunchers, make sure your My Profile has "Display my data" enabled, Click Save
https://www.worldcommunitygrid.org/ms/viewMyProfile.do

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1. Download BiblePay Wallet
https://www.biblepay.org/wallet/

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2. Buy BiblePay (BBP) coins and Send them to your BiblePay Wallet

To be rewarded BiblePay (BBP) coins for your Recent Average Credit (RAC) every day,
you will need to buy and store at least a small amount of BiblePay (BBP) coins in your wallet first,
this is called "staking".

To get 10% of your RAC rewarded, you need 0.8 BBP per 1 RAC in your wallet
To get 100% of your RAC rewarded, you need 18 BBP per 1 RAC in your wallet

BiblePay is typically purchased using Bitcoin which can be purchased using local currency.

A. Figure out how many BiblePay coins you will need and how much it will cost
https://coinmarketcap.com/currencies/biblepay/

B. Buy Bitcoin (BTC)
https://www.coinbase.com/

C. Transfer Bitcoin and Buy BiblePay (BBP)
https://www.southxchange.com/Market/Book/BBP/BTC

D. Send the BiblePay coins to your BiblePay Wallet

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3. Link your BOINC account inside the BiblePay Wallet

"Distributed Computing" tab >> Enter Account >> Click "Associate"

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4. Keep BiblePay Wallet running 24/7 so it can send daily staking updates

and now you'll get paid BiblePay coins every day!

Daily Payout = (Personal RAC / Total Team RAC) * Daily PODC Superblock Budget * PercentReward

You can look up your account by CPID to view payouts:
https://www.biblepay-central.org/en/podc/leaderboard/

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On the .8 bbp per rac I suppose you can go with that based on the snap-to-grid feature (I was going by our exec totalrac rules which attempt to make a small buffer in case the user is increasing in RAC quickly). The snap-to-grid was designed more to allow the sancs to come to a consensus (not really for calculations), but in the spirit of getting in a new user at the absolute minimum I suppose we can use it.

On this payout calculation:
Daily Payout = (Personal RAC / Total Team RAC) * Daily PODC Superblock Budget * PercentReward

Could you either tell them that the PercentReward is currently 1.00 (due to the outcome of the vote for non-biblepay teams), or simply take it off? As I think it might confuse the average person to prevent them from calculating the payout.

You can also say the Total Team rac is available in : exec totalrac (currently 7773453).

Thanks for making this draft Togo.