Difference between revisions of "PODC Setup"
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− | PODC (Proof of Distributed Computing) allows blockchain energy to be used productively, to help cure cancer and fight AIDS and Malaria! <br /> | + | PODC (Proof of Distributed Computing) allows blockchain energy to be used productively, for science research, to help cure cancer and fight AIDS and Malaria! <br /> |
− | With [http://biblepay.org/ BiblePay (BBP)], a Charity Cryptocurrency, you can earn coins for your computer's volunteered | + | With [http://biblepay.org/ BiblePay (BBP)], a Charity Cryptocurrency, you can earn coins for your computer's volunteered time <br /> |
− | Through [https://en.wikipedia.org/wiki/Berkeley_Open_Infrastructure_for_Network_Computing BOINC], we support the [https://en.wikipedia.org/wiki/World_Community_Grid World Community Grid] project, it | + | Through [https://en.wikipedia.org/wiki/Berkeley_Open_Infrastructure_for_Network_Computing BOINC], we support the [https://en.wikipedia.org/wiki/World_Community_Grid World Community Grid] project, it only uses CPUs, so anyone with a computer can help solve science tasks! |
− | + | After a few initial setup steps below, you can then get coin rewards sent daily to your wallet! <br /> | |
− | To fully receive rewards you will need to obtain and hold some coins in your wallet, this is called "staking" <br /> | + | To fully receive rewards, you will need to obtain and hold some coins in your wallet, this is called "staking" <br /> |
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− | NOTE: | + | NOTE: Guide is for beginners and experts, please skip any completed steps <br /> |
− | NOTE 2: | + | NOTE 2: Please refer to original guide for more details: https://wiki.biblepay.org/PODC |
− | NOTE 3: | + | NOTE 3: Guide is work in progress, please post feedback in [https://bitcointalk.org/index.php?topic=2388064.new#new Forum] or [https://discordapp.com/invite/gvyFnKu Discord] |
== PART A: Install BOINC == | == PART A: Install BOINC == |
Revision as of 09:47, 2 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!
With BiblePay (BBP), a Charity Cryptocurrency, you can earn coins for your computer's volunteered time
Through BOINC, we support the World Community Grid project, it only uses CPUs, so anyone with a computer can help solve science tasks!
After a few initial setup steps below, you can then get coin rewards sent daily to your wallet!
To fully receive rewards, you will need to obtain and hold some coins in your wallet, this is called "staking"
NOTE: Guide is for beginners and experts, please skip any completed steps
NOTE 2: Please refer to original guide for more details: https://wiki.biblepay.org/PODC
NOTE 3: Guide is work in progress, please post feedback in 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 References
- 11 Team BiblePay Statistics
- 12 What is RAC?
- 13 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 6 confirmations, so wait about an hour)
- 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
Reference: https://wiki.biblepay.org/PODC#Daily_Collateral_Requirements_for_PODC
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) coin*age
If you are not on "Team BiblePay", you need (RAC ^ 1.6) coin*age
What is coin*age? Coins multiplied by how many days they haven't moved
Exponent Calculator: https://www.calculatorsoup.com/calculators/algebra/exponent.php
Staking Example:
- RAC (Recent Average Credit): 1000
- In Team BiblePay: 7944 BBP coin*age
- Not Team BiblePay: 63096 BBP coin*age
So starting out, when your getting new coins, you will have to wait a day for your coins to age
PART I: Calculate Rewards
NOTE: Rewards are paid out daily, but 48 hours later from starting
Reward = (Your RAC / All BiblePay RAC) * Daily Block Reward for 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