Difference between revisions of "Economics"
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| − | <ul>Block Breakdown: | + | <ul><b>Gross Block Breakdown:</b> |
<li>Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy) | <li>Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy) | ||
| − | <li> | + | <li>40% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock |
| − | + | <li>30% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock) | |
| − | + | <li>27% is given to the next due Sanctuary | |
| − | <li> | + | <li>3% is rewarded to the heat miner (Proof-of-BibleHash POW mining) |
| − | <li> | ||
| − | <li> | ||
</ul> | </ul> | ||
| + | |||
| + | <ul><b>How to calculate a BiblePay reward schedule:</b> | ||
| + | <li>Block 70,000 has a gross reward of 16,636 (POW=499+Sanc 4492= subtotal of 4991 / .30 = 16636 gross coinbase emission) | ||
| + | <li>Multiply 16636 * .40 to find the governance budget (6654) | ||
| + | <li>Multiply 16636 * .30 to find the PODC budget (4990) | ||
| + | <li>Multiply 16636 * .27 to find the Sanctuary payment (4491) | ||
| + | <li>Multiply 16636 * .03 to find the POW heat miner payment (499) | ||
| + | <li>Total ================ | ||
| + | <li> 100% | ||
| + | </ul> | ||
| + | |||
| + | |||
| + | |||
| + | |||
| + | <ul><b>Gross breakdown of Governance Budget:</b> | ||
| + | <li>Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 10% | ||
| + | <li>IT Expenses and Payroll: 5% | ||
| + | <li>PR and Campaigns: 2.5% | ||
| + | <li>Peer-to-Peer (Letter writing, gospel links, pay to preach): 2.5% | ||
| + | </ul> | ||
| + | |||
| + | |||
| + | <ul><b>Gross breakdown of mining operations (Allocation of 60% of Gross Coinbase Reward):</b> | ||
| + | <li>52.5% is given to PODC cancer miners</li> | ||
| + | <li>45% is given to the Sanctuary</li> | ||
| + | <li>5% is given to POW heat miners</li> | ||
| + | |||
| + | |||
<ul>Deflation: | <ul>Deflation: | ||
<li>The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded. | <li>The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded. | ||
| − | |||
| − | |||
</ul> | </ul> | ||
Revision as of 16:05, 6 October 2018
BiblePay Economics:
- Gross Block Breakdown:
- Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy)
- 40% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock
- 30% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock)
- 27% is given to the next due Sanctuary
- 3% is rewarded to the heat miner (Proof-of-BibleHash POW mining)
- How to calculate a BiblePay reward schedule:
- Block 70,000 has a gross reward of 16,636 (POW=499+Sanc 4492= subtotal of 4991 / .30 = 16636 gross coinbase emission)
- Multiply 16636 * .40 to find the governance budget (6654)
- Multiply 16636 * .30 to find the PODC budget (4990)
- Multiply 16636 * .27 to find the Sanctuary payment (4491)
- Multiply 16636 * .03 to find the POW heat miner payment (499)
- Total ================
- 100%
- Gross breakdown of Governance Budget:
- Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 10%
- IT Expenses and Payroll: 5%
- PR and Campaigns: 2.5%
- Peer-to-Peer (Letter writing, gospel links, pay to preach): 2.5%
- Gross breakdown of mining operations (Allocation of 60% of Gross Coinbase Reward):
- 52.5% is given to PODC cancer miners
- 45% is given to the Sanctuary
- 5% is given to POW heat miners
- The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
- Deflation:
