Difference between revisions of "Economics"

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BiblePay Economics:
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== BiblePay Economics: ==
  
  
<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), deflating at 19.5% per year
 
<li>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)
 
<li>37.5% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock)
 
<li>38.5% is given to the next due Sanctuary
 
<li>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)
 
</ul>
 
  
<p>
 
<br>
 
  
<ul><b>How to calculate a BiblePay reward schedule:</b>
+
== Gross Block Breakdown: ==
<li>Block 70,000 has a gross reward of 11,645
 
<li>Multiply 11645 * .20 to find the governance budget (2329)
 
<li>Multiply 11645 * .375 to find the PODC budget (4308)
 
<li>Multiply 11645 * .385 to find the Sanctuary payment (4492)
 
<li>Multiply 11645 * .042 to find the POW heat miner allocation (499)
 
<li>Multiply 499 * .20 to find the Reaper Reward (100).
 
<li>Multiply 499 * .80 to find the POG Pool allocation (399).
 
<li>Total : 100%
 
</ul>
 
  
 +
* 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)
  
<br>
 
  
 +
== 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%
  
<ul><b>Gross breakdown of Governance Budget:</b>
 
<li>Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 50%
 
<li>IT Expenses and Payroll: 25%
 
<li>PR and Campaigns: 12.5%
 
<li>Peer-to-Peer (Letter writing, gospel links, pay to preach): 12.5%
 
</ul>
 
  
<br>
+
== 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%
  
<ul><b>Gross breakdown of mining operations (Allocation of 80% of Gross Coinbase Reward):</b>
 
<li>46.5% is given to PODC cancer miners</li>
 
<li>48.5% is given to the Sanctuary</li>
 
<li>5% is given to POW/POG Pool</li>
 
  
 +
== Gross breakdown of mining operations (Allocation of 80% of Gross Coinbase Reward): ==
  
<br>
+
* 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>
  
  
<ul>Deflation:
 
<li>The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
 
</ul>
 
  
 +
== Deflation: ==
  
 +
The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
 +
 +
 +
[http://wiki.biblepay.org/Emission_Schedule|BiblePay Emission Schedule]
  
[http://wiki.biblepay.org/Emission_Schedule BiblePay Emission Schedule]
 
  
 
[[Category:BiblePay Economics]]
 
[[Category:BiblePay Economics]]

Revision as of 19:25, 28 February 2019

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.


Emission Schedule