# Difference between revisions of "Economics"

From BiblePay Wiki

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− | BiblePay Economics: | + | == BiblePay Economics: == |

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− | + | == Gross Block Breakdown: == | |

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+ | * Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy), deflating at 19.5% per year | ||

+ | * 20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR) | ||

+ | * 37.5% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock) | ||

+ | * 38.5% is given to the next due Sanctuary | ||

+ | * 4% is allocated to heat-mining (Proof-of-BibleHash POW mining), out of this 4% allocation, 80% goes to the POG Pool (the Sowers) and 20% goes to the one who solved the block (the Reaper) | ||

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+ | == How to calculate a BiblePay reward schedule: == | ||

+ | * Block 70,000 has a gross reward of 11,645 | ||

+ | * Multiply 11645 * .20 to find the governance budget (2329) | ||

+ | * Multiply 11645 * .375 to find the PODC budget (4308) | ||

+ | * Multiply 11645 * .385 to find the Sanctuary payment (4492) | ||

+ | * Multiply 11645 * .042 to find the POW heat miner allocation (499) | ||

+ | * Multiply 499 * .20 to find the Reaper Reward (100). | ||

+ | * Multiply 499 * .80 to find the POG Pool allocation (399). | ||

+ | * Total : 100% | ||

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− | + | == Gross breakdown of Governance Budget: == | |

+ | * Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 50% | ||

+ | * IT Expenses and Payroll: 25% | ||

+ | * PR and Campaigns: 12.5% | ||

+ | * Peer-to-Peer (Letter writing, gospel links, pay to preach): 12.5% | ||

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+ | == Gross breakdown of mining operations (Allocation of 80% of Gross Coinbase Reward): == | ||

− | < | + | * 46.5% is given to PODC cancer miners</li> |

+ | * 48.5% is given to the Sanctuary</li> | ||

+ | * 5% is given to POW/POG Pool</li> | ||

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+ | == Deflation: == | ||

+ | The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded. | ||

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+ | [http://wiki.biblepay.org/Emission_Schedule|BiblePay Emission Schedule] | ||

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[[Category:BiblePay Economics]] | [[Category:BiblePay Economics]] |

## Revision as of 19:25, 28 February 2019

## Contents

## 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), deflating at 19.5% per year
- 20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR)
- 37.5% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock)
- 38.5% is given to the next due Sanctuary
- 4% is allocated to heat-mining (Proof-of-BibleHash POW mining), out of this 4% allocation, 80% goes to the POG Pool (the Sowers) and 20% goes to the one who solved the block (the Reaper)

## How to calculate a BiblePay reward schedule:

- Block 70,000 has a gross reward of 11,645
- Multiply 11645 * .20 to find the governance budget (2329)
- Multiply 11645 * .375 to find the PODC budget (4308)
- Multiply 11645 * .385 to find the Sanctuary payment (4492)
- Multiply 11645 * .042 to find the POW heat miner allocation (499)
- Multiply 499 * .20 to find the Reaper Reward (100).
- Multiply 499 * .80 to find the POG Pool allocation (399).
- Total : 100%

## Gross breakdown of Governance Budget:

- Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 50%
- IT Expenses and Payroll: 25%
- PR and Campaigns: 12.5%
- Peer-to-Peer (Letter writing, gospel links, pay to preach): 12.5%

## Gross breakdown of mining operations (Allocation of 80% of Gross Coinbase Reward):

- 46.5% is given to PODC cancer miners</li>
- 48.5% is given to the Sanctuary</li>
- 5% is given to POW/POG Pool</li>

## Deflation:

The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.