Bible Pay

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  • Rob Andrews
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    • June 05, 2017, 08:09:04 PM
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Approve Budget Changes
« on: April 30, 2020, 09:17:07 PM »
In the first month of RandomX mining (April 2020), we raised approx. 1.90 XMR.
Due to the success levels of RX, I propose the following changes to our reward structure for each heat mined block:

- Retire POOM as of June 2020 (remove listchildren, cancelsponsorship, sponsorchild)
- Free up the daily GSC budget spent for POOM (240K per day, 35% of the GSC budget)
- Allocate this 240K per day into the heat mining reward (raising the heat mined reward from 2400BBP to ~3500bbp)
- Do not increase the Sanctuary reward (instead maximize the RX reward)

Part II (DWS - Dynamic Whale Staking):

I feel that DWS was very successful, and it was grabbed relatively quickly - even with the last adjustment.  I feel it gives us a fighting chance to allow outsiders to buy up the SX free coins.

I propose these changes:
- Double the DWS available emission level, so more burns will be available
- Increase our deflation rate to pay for the new level
Specifically, we would change the GetAnnualDwsReward level from .325 to .64, then we would increase our deflation level in GetBlockSubsidy.

« Last Edit: May 02, 2020, 09:17:54 PM by Rob Andrews »


  • Jacob
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    • May 24, 2020, 10:01:29 PM
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Re: Approve Budget Changes
« Reply #1 on: May 24, 2020, 10:07:53 PM »
Hello Is this new update available on testnet? And please make new pool software also for Linux. I am trying to run mining pool And i need to say Windows Is hell


  • Rob Andrews
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Re: Approve Budget Changes
« Reply #2 on: May 25, 2020, 08:43:53 AM »
Hello Is this new update available on testnet? And please make new pool software also for Linux. I am trying to run mining pool And i need to say Windows Is hell
Hi,

It is in testnet, but, we dont have any server-side pool running the new merge-mining version yet, so I had to test it myself.

Your welcome to create a windows pool if you have the extra time.

This update should be in prod within 9 days.

Feel free to assess the work effort of porting foundation.biblepay.org to linux.  Its quite a big program if you look at the source.



  • sunk818
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    • April 24, 2018, 02:02:20 PM
Re: Approve Budget Changes
« Reply #3 on: May 26, 2020, 10:29:03 AM »
1) Will PoDC have equal footing with heat mining (RandomX)?


2) How does the DWS change to 0.64 affect current burns, if at all?


3) What is the impact to new DWS burns @ 0.64? Would rate of return be after the mandatory for a 1 year burn?


  • Rob Andrews
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Re: Approve Budget Changes
« Reply #4 on: May 27, 2020, 07:48:33 PM »
1) Will PoDC have equal footing with heat mining (RandomX)?
->  I just updated the home page with the change in values (see Technical Details):
https://www.biblepay.org/
->  Yes, it makes RandomX heat mined rewards roughly on par with PODC now (Healing takes up 5% of the GSC budget, so technically, PODC is a little lower now than each heat mined block but close). 

2) How does the DWS change to 0.64 affect current burns, if at all?
-> The current burns are locked in at the existing rate and cannot be changed.  But after block 199,000 new quotes will be higher (for new burns).

3) What is the impact to new DWS burns @ 0.64? Would rate of return be after the mandatory for a 1 year burn?
Yes, after that height you should see a higher quoted reward.

« Last Edit: May 27, 2020, 08:23:09 PM by Rob Andrews »