Overview

Biblepay is a coin being awarded for World Community Grid and Rosetta crunching.

Biblepay CPID Report
BBP Handling
A pool poll was conducted with a result of 88% of respondants wanting BBP to be exchanged for GRC.
Fees
The pool will need to charge a higher than normal fee for biblepay due to the masternode economics in play within their network. Biblepay requires 20BBP per RAC to achieve 100% PODC payout. This means the pool has provided BBP to stake in order to get decent payouts. This basis amount will be used to determine the fee as if it was running as a masternode on the network. The fee will be calculated at the time of payout based on the current network properties.

Fees will be used to get back the pool's initial investment as well as applied to the pool basis to help increase the PODC percentage.

For example looking at the first payout from the table below...

  • Days Staked - This is the number of days PODC was earned by the pools since its previous payout.
  • Pool Basis - This is the amount of pool owned BBP used to stake with and how many masternodes its worth.
  • PODC - The amount of PODC generated by the pool.
  • Network MNs - The number of ENABLED maternodes on the network and how much a MN can earn per day.
  • Pool MN Income - This is the amount of BBP the pool would have earned as a masternode.
    9 * 2200 * 35,666,134 / 1,550,001 = 455,605
  • Suggested Fee - Based on the potential masternode income, this is the suggested pool fee.
    455,605 / 1,472,701 = 30.93%
  • Payout - This is the amount of BBP sent to SouthXChange.
  • Actual Fee - This is the actual fee amount used by the pool for the payout.
  • % to UTXO - This is the percentage of fee used to apply back to the BBP/RAC needed for more PODC.
Exchange Log
DateDays StakedPool BasisPODCNetwork MNsMN IncomeSugg FeePayoutActual Fee% to UTXOGRC
01/25/2019439,921,867
25.76 MN
498,3892000/day206,08041.35%373,792.0025.00%100%14,521
01/22/2019639,713,419
25.62 MN
830,0522200/day338,18440.74%622,539.0025.00%100%42,307
01/15/2019739,446,810
25.45 MN
1,066,4292150/day383,02235.92%799,822.0025.00%100%50,270
01/08/20191039,042,572
25.19 MN
1,613,9442150/day541,58533.56%1,210,458.0025.00%100%63,727
01/01/2019538,664,317
24.94 MN
888,0782150/day268,10530.19%710,462.0020.00%100%41,165
12/24/2018638,051,345
24.55 MN
1,057,7802150/day316,69529.94%846,224.0020.00%100%65,750
12/17/2018637,347,519
24.10 MN
1,028,3592100/day303,66029.53%822,687.0020.00%100%48,139
12/10/2018736,660,675
23.65 MN
1,181,8252300/day380,76432.22%945,460.0020.00%100%55,083
12/03/2018935,666,134
23.01 MN
1,472,7012200/day455,59830.94%1,178,160.0020.00%100%43,264