This short guide will get you up and running mining BiblePay (BBP) on your computer – either on your own or using a mining pool.
First you need to download the wallet. Get it at www.biblepay.org. Download the wallet that fits your system. We’ll be using the Windows 64bit version for this guide.
Let the download finish and install the wallet. When you run a wallet for the first time, the entire blockchain is downloaded to your computer. This can take a while – just be patient and wait.
Meanwhile, register at one of the mining pools for mining your coins. This is HIGHLY RECOMMENDED. If you’re mining using an average PC, you could go for many weeks before seeing any mining rewards. Using a pool, you’ll get a smaller amount, but more often as you mine with other users. Currently you have two to choose from:
0-6% fee, 24 hours maturity
2%-fee, 24 hours maturity
Now we need to modify a file called biblepay.conf and tell your wallet to start mining. If you’re on Windows press the Windows key + R to bring up a Run… box. Type %AppData%\BiblepayCore and press enter. Locate the biblepay.conf file and open it in your editor. Add the following to your file:
The first two lines add a few nodes from the BiblePay network. Next we have gen=1, telling the wallet to mine. Genproclimit=1 is the limit on processes the wallet can use for mining. Check your CPU usage and try raising the limit. Poolport=80 simply tells the wallet to submit results via post 80 on youer compurter.
Remember to change the last two lines to fit your mining pool and worker information. The address for the official mining pool is http://pool.biblepay.org/ – and remember to put in your own username.
Have fun mining BiblePay / BBP!
BiblePay is a secure deflationary blockchain developed to benefit those in distress. 10% of the emission of the blockchain goes directly to sponsoring Orphans, with provable contributions, contributed to an organization that is more than 75% efficient.
The altcoin BiblePay is not a PoS (Proof-of-Stake) coin. It’s not a PoW (Proof-of-Work) coin. But what is it? It’s PoB (Proof-of-Biblehash).
This snipplet from the project website www.biblepay.org describes what Proof-of-Biblehash is:
Proof of Work has been replaced with Proof Of Biblehash (POB) – an algorithm that compensates full nodes participation, while preventing GPUs and ASIC by requiring full blockchain transaction referencing in the hashing function, along with chained bible verses. This means biblepay subsidizes full nodes that stay online.
Also worth mentioning is the fact that premine, dev fund, airdrop etc. on BiblePay (BBP) is 0%!
NO PREMINE – the lead dev starts with zero, the orphan foundation fund starts with zero, the distribution is entirely fair. NO ICO. The distribution curve is evenly declining with no hidden bumps early.
There you have it. Start mining today, on your desktop computer. It’s easy to get up and running. Follow on and check out this post to learn how to start mining BiblePay (BBP).
BiblePay is currently (Nov 2nd 2017) traded at C-CEX in the following pairs:
Users mining the “do good to orphans” altcoin BiblePay now have an additional pool to jump in when mining.
On the official BiblePay pool users pay a fee ranging from 0 to 6% based on the user writing letters to orphans(!). The new pool has a flat fee of 2% and is open to everyone.
Head over to MinersOfMen.com to join the new BiblePay pool.
Here’s an example biblepay.conf using the new mining pool:
Change[WorkerUsernameHere] to the worker name you create at minersofmen.com