Great news Quez, does the PiGrid device connect to a pool? |
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The Gridcoin community is looking for an Android/iOS developer who can port the GRC wallet to a mobile platform -> gridcoin.us
PM me for further details.
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The fact that the BU credits eclipse the rest of the projects has no bearing on the rewards!!! Gridcoin accounts for the difference, BU miners get the same share of the daily mint as the rest of the 34 whitelisted Boinc projects by Gridcoin. BTW, Nothing is easier for a newb than loading Folding@Home's NaCl client in a chrome browser and registering on the folding pool.
Thanks for your comments. I went to the various websites and pages for the coins. However, being new I didn't really learn anything useful from an investment standpoint. I learned more from your post than hours of reading. As far as folding, I was going to do that but it said I should have a broadband connection. I have 3g sometimes but my internet is prepay by the megabyte. My guess is that I would spend way more in internet than I would get in coins. Does anyone know how many megabytes/hour or day is used by folding? |
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Do some research on boinc and you'll understand. If a scientist or a commercial entity wants to get computational power from Gridcoin they will have to setup their own Boinc project, which then has to be vetted by the Gridcoin community and voted on for acceptance into the whitelist: http://gridcoin.us/Guides/whitelist.htmCan someone explain me the economics of GRIDCOIN?
I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.
However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?
Thanks for your answer traderman but that does not explain what is the purpose of the coin? When some projects are in the whitelist and use the computational power, do they have to use Gridcoins ? Sorry but it is still confuse for me even if this project seems really interesting. |
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If a scientist or a commercial entity wants to get computational power from Gridcoin they will have to setup their own Boinc project, which then has to be vetted by the Gridcoin community and voted on for acceptance into the whitelist: http://gridcoin.us/Guides/whitelist.htmCan someone explain me the economics of GRIDCOIN?
I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.
However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?
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Ye, we're still working on that, I am sure it will get better with time. not the best coin for entry to crypto
have you ever tried to get the wallet up and syncing?
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Wow, up to 2200 upvotes, that subreddit has like 5 mil subscribers.
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Gridcoin launched before curecoin! Grid coin just copied cure coin really. Cure coin was okay but they were just very slow to improve upon the way it worked. However lately it has started developing again.
Any alt coin that becomes very profitable in a BIG way will attract people not in crypto. If people hear they can make $ they will be attracted.
Some just love the idea like you say.
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Damn, almost 1000 upvotes! That was one kick-ass post Spassbold!
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That would be an interesting development, ETH has had a third of bitcoin's daily volume for the past few days. Gridcoin and Bitshares are my two favourite cryptocurrencies, been following them for years now. I think a lot of Bitcoin's market cap is going to shift to the altcoins in 2016!
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Awesome, I can see the banner on top of Boincstats We have a nice advertisement banner running on boincstats.com again. Last time we advertised for a month we jumped from 500 to ~1400 active researchers. I am looking forward to see the number rising so fast again  |
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There is a specific section in the report on Bitcoin in Israel, not just blockchain stuff. what does have with Bitcoin?
The private blockchains are not related with Bitcoin. Bitcoin is an outsider
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I think because lots people can't setup the wallet and can't wrap their head around how GRC actually works. Lots of complicated concepts, config file editing in obscure windows directories, we still haven't mobile wallet, which is a big deal. Most people these day's don't even use pcs, they just use their iPhones and iPads. We are still growing at a steady rate, but we could do much much better me thinks. I really like the concept of this coin. Are there any other similar projects? CureCoin seems like one.
Are there any catalysts on the horizon for a big price rise?
Other coins: Yes there are similar Projects. CureCoin works with Folding at Home I think (folding proteins). Then there is Primecoin, letting you calculate prime numbers. Well, that is both something Gridcoin does also support with Rosetta@Home and PrimeGrid for example. And very much more. Catalysts: Well, Gridcoin Quant (the hedge fund) is on the "schedule" for the next months as well as another mandatory in March if I remember that correctly (content will be binary superblocks and more DAOs support I think). PiGrid is still developing and about to reach a first version that will be distributed among the kickstarter backers. Personally, I am very excited about all those milestones. In general, Gridcoin is very undervalued. Its the Proof of Research coin that makes a) POW just look stupid (wasteful) and b) POS look like a natural Matthew Effect scheme. I cant understand why GRC is not amongst the top 10 or even the top 5 coins. Quez |
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My understanding is that Rob is now getting ready for his Series 65 exam, which will allow him to act as investment adviser. I am not sure though about how long the whole legal process to setup the hedge fund will take. Regardless, should be interesting to watch what happens. Have no doubt GRC will go big. But:  Constant low volumes on exchanges combined with a downtrend makes me think there are some big holders just sitting on coin maybe going nervous and might dump. Will happily jump in when those 2 things look resolved. Both things will be resolved. In case it does not happen by itself due to people jumping onto the GRC train from both investor and researcher side, it will when Gridcoin Finance and our hedge fund kick off -> https://cryptocointalk.com/topic/11357-gridcoin-finance-project/BTW I guess the coin is spread more than one would think. Remember, Gridcoin exists for more than 2 years now and we had phases of more than 100 BTC of volume/day. Yea. I noticed that. Any ETA? I (as in only me) do not have an ETA assumption. As you can read from my latest post in the thread, I am also looking for a kind of roadmap for this process ( https://cryptocointalk.com/topic/11357-gridcoin-finance-project/?p=208957). I think the only bigger thing keeping us from going live with the hedge fund is legal stuff, but as you can read from the thread on CCT, we are making huge steps in that regard. My guess would be its more like a few months than a year until the first iteration of Gridcoin Quant goes live. |
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Sorry, the burn period was over a long time ago. I have an old 4363 Gridcoin [GRCX]. Can I replace them somewhere for Gridcoin Research?
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Reddit and the Cryptocointalk forum are pretty good places to post. Just curious, where can I tell people to get the best GRC QT wallet support? I noticed quite a few unanswered support threads last time I checked cryptocointalk.com in late December. Has the support forum unofficially moved to the reddit? https://www.reddit.com/r/gridcoinsorry in advance if this is a redundant question. Thanks for all the great work. |
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