Difference between revisions of "PODC Setup"
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== PART H: Calculate Staking == | == PART H: Calculate Staking == | ||
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+ | 1. Calculate Amount of BBP needed for Staking | ||
Reference: https://wiki.biblepay.org/PODC#Daily_Collateral_Requirements_for_PODC | Reference: https://wiki.biblepay.org/PODC#Daily_Collateral_Requirements_for_PODC | ||
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https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=JRD1XTFK92 | https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=JRD1XTFK92 | ||
+ | |||
+ | 2. Send BBP coins to your CPK address | ||
+ | |||
+ | BiblePay Wallet >>> File menu >>> Scroll down to Label: CHRISTIAN-PUBLICK-KEY >>> Right click "Copy Address" >>> Close | ||
+ | |||
+ | Go to "Send" tab >>> Paste the CPK address into the "Pay To" field >>> Send your BBP coins to your CPK address so they can be used for PODC | ||
== PART I: Calculate Rewards == | == PART I: Calculate Rewards == |
Revision as of 18:55, 9 January 2020
PODC (Proof of Distributed Computing) allows blockchain energy to be used productively,
for science research, to help cure cancer and fight AIDS and Malaria!
Earn BiblePay (BBP) coins every day for contributing to the science project World Community Grid
Follow the steps below!
NOTE: Ask for help or post feedback: Forum or Discord
Contents
- 1 PART A: Install BOINC
- 2 PART B: Enable Data Sharing on World Community Grid Account
- 3 PART C: Join Team BiblePay
- 4 PART D: Setup BiblePay Wallet
- 5 PART E: Get BiblePay Coins
- 6 PART F: Send BiblePay Coins to your Wallet
- 7 PART G: Link World Community Grid Account to your BiblePay Wallet
- 8 PART H: Calculate Staking
- 9 PART I: Calculate Rewards
- 10 Original Guide
- 11 References
- 12 Team BiblePay Statistics
- 13 What is RAC?
- 14 TODO
PART A: Install BOINC
This is the program that donates your idle computer time to science projects
WINDOWS
1. Click "Download BOINC" and Install: https://boinc.berkeley.edu/download.php
2. Reboot your Computer if asked
3. BOINC Manager should start up automatically, otherwise launch it
4. "Choose a project" >>> Select "World Community Grid" >>> Click "Next"
5. Sign in or Create an account with your email and a password >>> "Next" >>> "Finish"
LINUX
Reference: https://boinc.berkeley.edu/wiki/Installing_BOINC_on_Ubuntu
1.Install BOINC (NOTE: if command line only, just install the client)
sudo aptitude install boinc-client boinc-manager
A. GUI
a.1. Run Boinc Manager >>> "Choose a project" >>> Select "World Community Grid" >>> Click "Next"
a.2. Sign in or Create an account with your email and a password >>> "Next" >>> "Finish"
B. COMMAND LINE
Reference: http://boinc.berkeley.edu/wiki/Boinccmd_tool
sudo -u boinc boinccmd --project_attach http://www.worldcommunitygrid.org ACCOUNT_KEY
Your ACCOUNT_KEY can be found on your My Profile page
PART B: Enable Data Sharing on World Community Grid Account
1. Login to World Community Grid Website: https://www.worldcommunitygrid.org/ms/viewDataSharing.action
2. In the "Data Sharing" tab >>> you have to click "Display my data" >>> Save
PART C: Join Team BiblePay
NOTE: You do not need to join Team BiblePay to get rewards, but there is a large benefit to doing so
1. Login to World Community Grid website and Click "Team BiblePay" link below
https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=JRD1XTFK92
2. Click "Join Team"
PART D: Setup BiblePay Wallet
1. Download and Install the Wallet: https://www.biblepay.org/wallet/
2. Let the Wallet run until it is fully synced with the network (May take 10-20 minutes)
PART E: Get BiblePay Coins
OPTION A. Get free coins from a Faucet:
- BiblePay PODC Faucet: https://web.biblepay.org/ >>> Click left menu: "Faucet" tab
- a. Your CPID (Cross-Project Id) is in your WCG Profile: https://www.worldcommunitygrid.org/ms/viewMyProfile.do
- FreeFaucet.io: https://freefaucet.io/claim/index.php?coin_name=biblepay&faucet_key=freefaucet18&claim=Claim+Biblepay
- SouthXchange Faucet: https://www.southxchange.com/Balance/Faucet
- Graviex Faucet: https://graviex.net/faucets/list
OPTION B. Buy coins from an exchange:
1. Buy Bitcoin (BTC)
- a. Find Bitcoin Exchange: https://bitcoin.org/en/exchanges
- (I recommend Coinbase: https://www.coinbase.com/
- Video Tutorial: https://www.youtube.com/watch?v=_NgXWhfVVJU#t=20)
- b. Create Account
- c. Use Credit Card or Bank Account to Buy Bitcoin
2. Buy BiblePay (BBP)
- a. Create account on SouthXchange: https://www.southxchange.com/Account/Register
- b. Send Bitcoin to SouthXchange (NOTE: this may take 1-6 confirmations)
- c. Buy BiblePay (BBP) coins with Bitcoin (BTC) using market or limit orders
PART F: Send BiblePay Coins to your Wallet
a. Wallet >> File >> Receiving Addresses >> New >> Label: "Staking" >> Ok
b. Right click "Staking" address >> Click Copy Address
c. Send your coins to your address
PART G: Link World Community Grid Account to your BiblePay Wallet
1. Create a Christian Public Key (CPK)
1.a BiblePay Wallet >>> Tools >>> Debug Console >>> Type in command and press enter
exec cpk BBP_NICKNAME
Wait 3 block confirmations (about 20-30 minutes)
2. Login into World Community Grid: https://www.worldcommunitygrid.org/viewLogin.do
3. Get Verification Code >>> Top right "Settings" >> Left tab "My Profile" >>> Scroll to bottom
4. Run associate command to link your World Community Grid Account
4.a If Wallet is Locked, Unlock it >>> Settings >>> Unlock (Remember to Lock it back up afterwards)
4.b BiblePay Wallet >>> Tools >>> Debug Console >>> Type in command and press enter
exec associate WCG_USERNAME WCG_VERIFICATIONCODE true
Wait 3 block confirmations (about 20-30 minutes)
5. Check your RAC (Recent Average Credit), these are the credits you get for solving tasks
exec rac
6. In BiblePay Wallet check the "Leaderboard" tab to see if your BBP_NICKNAME is in the list
PART H: Calculate Staking
1. Calculate Amount of BBP needed for Staking
Reference: https://wiki.biblepay.org/PODC#Daily_Collateral_Requirements_for_PODC
If your RAC is above 250, you will need to hold BiblePay coins in your wallet to get your daily rewards
To get the max amount of rewards:
If you are on "Team BiblePay", you need (RAC ^ 1.3) coins
If you are not on "Team BiblePay", you need (RAC ^ 1.6) coins
Exponent Calculator: https://www.calculatorsoup.com/calculators/algebra/exponent.php
Staking Example:
- RAC (Recent Average Credit): 1000
- In Team BiblePay: 7944 BBP coins
- Not Team BiblePay: 63096 BBP coins
NOTE: Technically you need coin*age, coins multiplied by how many days they haven't moved
Get BiblePay Coins:
https://wiki.biblepay.org/PODC_Setup#PART_E:_Get_BiblePay_Coins
Join Team BiblePay: https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=JRD1XTFK92
2. Send BBP coins to your CPK address
BiblePay Wallet >>> File menu >>> Scroll down to Label: CHRISTIAN-PUBLICK-KEY >>> Right click "Copy Address" >>> Close
Go to "Send" tab >>> Paste the CPK address into the "Pay To" field >>> Send your BBP coins to your CPK address so they can be used for PODC
PART I: Calculate Rewards
NOTE: Rewards are paid out daily, but 48 hours later from starting
Approximate Reward = (Your RAC / All BiblePay RAC) * (Daily Block Reward for PODC)
Example of Generic Smart Contract (GSC) Daily Superblock rewarding users at Block #168120 on 2020-01-06:
About 840,000 coins were paid out, 60% goes to PODC, 35% POOM and 5% Healing, so about 504,000 BBP paid out to PODC researchers
Rewards a week or so before this were about 0.8 BBP per 1 RAC
Original Guide
https://wiki.biblepay.org/PODC
References
Guide:
https://wiki.biblepay.org/PODC
Change Team Guide:
https://whitewalr.us/2019/boinc-wcg-join-change-team.html
Outdated Guides:
https://wiki.biblepay.org/Distributed_Computing_2
http://wiki.biblepay.org/BOINC_Researcher_Setup
Staking Forum Vote:
https://forum.biblepay.org/index.php?topic=476.0
Team BiblePay Statistics
World Community Grid (WCG) Stats:
https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=JRD1XTFK92
WCG BOINC Stats:
https://www.boincstats.com/stats/15/team/detail/35006
WCG BOINC User List Stats:
https://www.boincstats.com/stats/15/user/list/16/0/35006
Combined BOINC Stats:
https://www.boincstats.com/stats/-1/team/detail/831912762/overview
What is RAC?
RAC (Recent Average Credit) has two parts, a decay function for old credits and a buildup for new credit,
it will take 7 days for your RAC to charge up 50%, and one month to charge up 90%+
https://boinc.berkeley.edu/wiki/Computation_credit
https://boinc.berkeley.edu/forum_thread.php?id=9482
https://en.wikipedia.org/wiki/BOINC_Credit_System
https://www.reddit.com/r/gridcoin/comments/9on87y/how_long_does_it_take_for_my_racmag_to_level_out/e7vftj9
TODO
- Improve steps on how to Get BiblePay Coins
- How to calculate daily rewards?
- Encrypting and Backing up Wallet
- Screenshots?
- Add more to linux steps?
- Video Tutorial