Difference between revisions of "PODC Setup"

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(PART A: Install BOINC)
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Your ACCOUNT_KEY can be found on your [https://www.worldcommunitygrid.org/ms/viewMyProfile.do My Profile] page
Your ACCOUNT_KEY can be found on your [https://www.worldcommunitygrid.org/ms/viewMyProfile.do My Profile] page
== PART B: Join Team BiblePay ==
== PART B: Join Team BiblePay ==

Revision as of 08:12, 26 December 2019

PODC (Proof of Distributed Computing) allows blockchain energy to be used productively, to help cure cancer and fight AIDS and Malaria!

With BiblePay (BBP), a Charity Cryptocurrency, you can earn coins for your computer's volunteered science contributions!

You will need to perform some initial setup steps, after which coin rewards will be distributed daily to your Wallet!

To fully receive rewards you will need to obtain and hold some coins in your Wallet, this is called "staking"

This guide is for novices and experts, please skip any steps you have already completed


This is the program that donates your idle computer time to science projects


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"


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.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"


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: 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


2. Click "Join Team"

PART C: 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 D: Get BiblePay Coins

OPTION A. Get free coins from a Faucet:

b.1. Create Pool Account: http://pool.biblepay.org/ >> Register Account

b.2. On left menu click "Faucet"

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 6 confirmations, so wait about an hour)
c. Buy BiblePay (BBP) coins with Bitcoin (BTC) using market or limit orders

PART E: 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 F: Link World Community Grid Account to your BiblePay Wallet

1. Create a Christian Public Key (CPK)

   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. BiblePay Wallet >>> Tools >>> Debug Console >>> Type in command and press enter


Wait 3 block confirmations (about 20-30 minutes)

5. Check your RAC (Recent Average Credit)

   exec rac

6. In BiblePay Wallet check the "Leaderboard" tab to see if your nickname is in the list

PART G: Calculate Staking

If your RAC is below 250, you do not need to have any coins
If your RAC is above 250, you will need BiblePay coins in your wallet to get your daily 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



Change Team Guide:

Outdated Guides:

Staking Forum Vote:

Team BiblePay Statistics

World Community Grid (WCG) Stats:


WCG BOINC User List Stats:

Combined BOINC Stats:


- Have someone new walkthrough tutorial
- Test pool faucet

- 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