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Showing 20 of 137 results by seeksilence
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Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 21/10/2017, 14:29:35 UTC
30,000bbp donated to west.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 19/10/2017, 17:13:26 UTC
  But I'm of the opinion that forcing any activity is going to be alienating and damaging to the coin.
Agree! The "repent" will make this coin only for religion instead of charity. The dev should use pos instead of pow since he is strong against mining.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 18/10/2017, 13:43:44 UTC
It is better the price keep stable now for the early development. If the price goes up quickly, it will attract more pure miners just pursuing profit which is not the purpose of dev. I put some hashes on this coin after reading almost all the posts here. I thought this coin is promising and have good purpose to do charity by supporting orphan. Though I still have some difficulty to understand the mining logic including pool mining behind the coin.

The dev mixes the role of dev and pool operator and wants the miners do a lot of things like writing letters to orphan, voting the letter, donating to orphan fund instead of just mining. But some tasks should be performed by different roles. A miner cannot do everything the dev demands. We saw the network hashes up and down a lot. I guess some miners even do not know the orphan fund, just jumping in and leaving.

I put some hashes for solo mining testing and already found some blocks without the 6% letter writing fee. The rewards should be similar for solo and pool mining. So to attract the big miners to the pool is actually good to the pool if the server is not overloaded.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 16/10/2017, 20:36:08 UTC
Thanks for sharing. A really mysterious coin. Roll Eyes
Rule change without any notice is really bad.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 16/10/2017, 20:27:08 UTC
For solo mining, no need to run multiple daemons on one machine, am I right?
I will create and encrypt a new wallet for solo mining.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 16/10/2017, 20:23:36 UTC
Will different machine work on different tasks? Or they will solve the same task with the same wallet?
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 16/10/2017, 20:18:17 UTC

I didn't try it yet, I was just getting to it. Why, is it not the same as with the pool? Either way, I will write my findings soon.

Not the same. You have different wallet address for miners on different machine. Thanks for sharing your finding in advance. I have never tried solo mining before. Can we copy the same wallet on different machine?  That's why I want to know how to setup a private testnet to try the solo.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 16/10/2017, 20:10:29 UTC

Yeah, me too, I'm out. Btw, you will earn 6% more by solo mining. Smiley

Do you figure out how to manage multiple wallets for solo?
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 16/10/2017, 19:37:31 UTC
That will force me to try solo mining. It is not good to keep changing rule for a decentralized coin.

Is there any way to set up a private testnet to do some code testing?
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 14/10/2017, 22:45:45 UTC
Is the new idea like the smart contract?

BTW, I just checked the pool leaderboard. It looks like the pool can use one workerid for multiple miners now:
inblue  blu-a11  5818.9(HPS)   721669.92(HPS2)   1334(shares)

Some changes on the pool code?
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 14/10/2017, 15:38:44 UTC
Does the pool mining have advantage over solo mining?
Just have some time reading the miner code.

I saw in BibleMiner
   in nonce loop            if ((pblock->nNonce & 0x7FFF) == 0)
                                  break;
       out of the loop                            if (pblock->nNonce >= 0xFF)                    
                                                               break;
 So anything after the above statement will be ignored (pblock->nNonce will be 0x8000 which is always > 0xFF):
                // Update nTime every few seconds
             if (pindexPrev)
            {
               if (UpdateTime(pblock, chainparams.GetConsensus(), pindexPrev) < 0)
                  break; // Recreate the block if the clock has run backwards,
                        // so that we can use the correct time.
            }
 The miner cannot just update the ntime to create a new task without createnewblock?    
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 12/10/2017, 20:28:22 UTC
Letter writing should be awarded instead of penalized. Current way is not good. I am really not good at writing. Just copy and make a few changes does not make sense to me. Also there should be a least a cap like 5%. I do not mind to pay 5% to support charity. But any fee above 5% is kind of ridiculous. Let someone with talent to write the letter and get some rewards.

If the fee keep rising without a cap, I will try to follow the instruction to build a pool. But at the first glance, the instruction is hard to follow.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 12/10/2017, 15:47:05 UTC
I just saw the letter fee went above 5%. Is there any maximum of the fee and how can I avoid it? Need an instruction on the pool page.


Non-Participating Letter Fees:
6%

My (Personal) Letter Fees:
6%

Edit: Also, since the pool is open source, someone could remove this fee? BTW, the fee is paid to the pool or orphan foundation?
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 09/10/2017, 03:03:26 UTC
Where the source and instruction for building the pool? I am interested in building one.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 05/10/2017, 21:16:25 UTC
How can I compile the biblepay src in a fast computer in Ubuntu and copy the compiled program to a slow computer and run? Which compile option should I use? Right now, I copied the compiled program and it says a lot of libraries are missing.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 05/10/2017, 21:12:34 UTC
account   to set Default Withdrawal Address
Then account--withdraw to your wallet address
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 30/09/2017, 22:30:29 UTC
Some dramatic change in the pool reward algorithm?
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 28/09/2017, 14:47:43 UTC
OK, I will try this way to see if the hps2 increase. Thanks.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 28/09/2017, 14:44:51 UTC
Maybe the fast server solve the problems too fast and need to wait for another task. The waiting time is too long for fast server.
So, if I have a server, I will create many workers to get better rewards and that could put a burden on the pool.
Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
seeksilence
on 28/09/2017, 14:34:28 UTC
So we have to run multiple daemons to get better rewards (HPS2)? It seems the pool reward algorithm is wrong? All the shares are equal no matter the difficulty of the share is?

One 10-CPU machine with 1 miner gives 29k HPS2.
One 10-CPU machine with 10 miners gives 120k HPS2.

29k to 120k. it is 4 times reward.
This will let us create many many workers in the pool.