Bitcoin pulse, guides and news: BiblePay BOINC Cruncher Setup Guide (Rosetta@Home & World Community Grid)

Sunday, November 11, 2018

BiblePay BOINC Cruncher Setup Guide (Rosetta@Home & World Community Grid)

BiblePay (BBP), a Charity Christian Cryptocurrency,
welcomes all World Community Grid and Rosetta@Home crunchers
to start earning BiblePay coins for your volunteered CPU science contributions!

BiblePay recently removed its BOINC Team Requirement,
now anyone can be rewarded BBP coins without having to Join "Team BiblePay"!
(NOTE: If you are on Team Gridcoin or Team Byteball you are not eligible to receive coins)

BiblePay rewards linked BOINC crunchers every 24 hours for their contributed work,
To receive rewards you will have to buy and hold some BiblePay coins in your BiblePay Wallet, this is called "staking"

NOTE: This guide assumes that you already a cruncher with RAC (Recent Average Credit)
on either BOINC Projects Rosetta@home (RH) or World Community Grid (WCG)

=== PART A - Download and Install BiblePay Wallet

https://www.biblepay.org/wallet/

=== PART B - Create Rosetta@home Account

Website: https://boinc.bakerlab.org/rosetta/create_account_form.php
or
Open BiblePay Wallet >> Distributed Computing tab >> Enter Email address and Password >> Click "Create and Attach R@H Account"

=== PART C - Display Data, Show Computers

Rosetta@Home: "Edit Preferences" >> Enable "Should Rosetta@home show your computers?" >> Click Update https://boinc.bakerlab.org/rosetta/prefs.php?subset=project

World Community Grid: In "My Profile" select "Display my data", Click Save https://www.worldcommunitygrid.org/ms/viewMyProfile.do

=== PART D - Get 2 BiblePay coins from Pool Faucet

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

B. On left menu click "Faucet" >> "Non-Biblepay Faucet"

Enter CPID (Cross-project ID) and BiblePay Address

a. Find CPID:

Rosetta@home: https://boinc.bakerlab.org/rosetta/home.php
World Community Grid: https://www.worldcommunitygrid.org/ms/viewMyProfile.do

b. Generate BiblePay Receiving Address:

Wallet >> File >> Receiving Addresses >> New >> Label: "Staking" >> Ok
Right click "Staking" address >> Click Copy Address

(Command Line: ./biblepay-cli getaccountaddress "Staking")
Click Send button

NOTE: These BiblePay coins will take 2 block confirmations before you can use them, so please wait about 15 minutes before continuing (average BiblePay block time is 7 minutes)

=== PART E - Associate/Link Rosetta@home Account

In Wallet >> Click "Distributed Computing" tab >> Enter Rosetta Username and Password >> Click "Associate"

(Command Line Users: ./biblepay-cli exec associate rosetta_email_address rosetta_password)

NOTE: Cannot link World Community Grid account, has to be Rosetta@home account, go back to Part B

=== PART F - Calculate Staking and Daily Profit

To receive 100% BiblePay Research rewards, you need 20 BBP for every 1 RAC stored in your wallet,

At a minimum, for 10% of the rewards, you need 1 BBP for every 1 RAC stored in your wallet,

Daily BiblePay Reward = (Your RAC / Team RAC) x (Daily PODC Superblock Budget)

For Example (Using numbers from October 20th and assuming you have 30,000 RAC): Your RAC = 30,000 RAC Team RAC = 8,900,000 RAC Daily PODC Superblock Budget = 1,077,000 BBP So a cruncher fully staked with 30,000 RAC would get a daily reward of: (30,000 / 8,900,000) x (1,077,000) = 3,630 BBP = $1.81 reward every day To fully stake at 30,000 RAC you need 20 BBP per 1 RAC so 30,000 x 20 = 600,000 BBP = $300 In this scenario you earn back your initial investment after 6 months, earning $50/month, and make all profit afterwards To get minimum 10% reward, you need 1 BBP per 1 RAC so 30,000 x 1 = 30,000 BBP = $15 would make $0.18 every day, and earn back investment in 3 months, earning $5/month

View a table of staking reward levels:

In Wallet >> "Tools" menu >> "Debug Console" >> Type command: exec totalrac

(Command Line Users: ./biblepay-cli exec totalrac)

References:
- Combined BOINC Stats: https://boincstats.com/en/stats/-1/team/detail/831912762/overview
- Budget and Leaderboard: https://www.biblepay-central.org/
- Current Market Value: https://coinmarketcap.com/currencies/biblepay/

=== PART G - Buy BiblePay coins for Staking

Buy Bitcoin (BTC)
a. Find Bitcoin Exchange: https://bitcoin.org/en/exchanges#international
(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
Buy BiblePay (BBP)
a. Create account on SouthXchange: https://www.southxchange.com/Account/Register
(or any exchange that trades BPP: https://coinmarketcap.com/currencies/biblepay/#markets)
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

Reference:
- Getting Biblepay Coins: https://www.biblepay-central.org/en/documentations/getting-biblepay-coins/

=== PART H - Wrapping up and Troubleshooting

Send BiblePay coins from the Exchange to your Wallet
Keep Wallet running 24/7 with internet, the coins will be used for staking and you will get rewarded BiblePay coins every 24 hours!
Useful commands for Troubleshooting:

- exec getboincinfo
- exec stakebalance
- exec totalrac

References:
- Mining Guide: https://www.biblepay-central.org/en/documentations/mining-how-to/
- 2nd Mining Guide: http://wiki.biblepay.org/Distributed_Computing_2

NOTE: If stuck or confused, ask for help in the Bitcointalk forums or Discord!
Community members will assist you!