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)
• 30% is escrowed for GSC (Generic Smart Contracts - emitted in one daily superblock)
• 25% is given to the next due Sanctuary
• 25% is allocated to heat-mining (Proof-of-BibleHash POW mining)

How to calculate a BiblePay reward schedule:

• Block 120,000 has a gross reward of 10,400 with a difficulty of 15701
• Multiply 10400 * .20 to find the governance budget
• Multiply 10400 * .30 to find the GSC budget
• Multiply 10400 * .25 to find the Sanctuary payment
• Multiply 10400 * .25 to find the POW heat miner allocation
• 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:

• 50% is given to POBH (Heat Mining - POW)
• 50% is given to Sanctuary

Deflation:

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

See BiblePay Emission Schedule for more details.