Gridcoin (GRC) - first coin utilizing BOINC - Official Thread

[damx]

For pool mining you need to find a block first, and you will receive payment for some days after.  But then, you need to find another block to continue receiving payment, etc...

For now Gridcoin have a low network hashrate.  And I think this type of pool prevent Gridcoin to go bigger, as when the difficulty raise, solo mining is not good, and pool mining as it is now, is not good also.  Imagine you want to mine Dogecoin or Litecoin and need to find a block first.  People will switch coin.

Maybe this is already happening, all the people that left the pool mining in the last couple of weeks, they may have gone to other coins.  People with not so good GPU to solo, but could add a bit to Boinc with their CPU.

I think the solution need to be think now, not when there is 100 pool miners, as people will leave the pool and it may never reach 100 with the current pool system.

I wrote about same things about 2-3 weeks ago(https://bitcointalk.org/index.php?topic=324118.msg4610130#msg4610130). I switched to pool mining yesterday and i see same - no payouts from pool, but i got 1 150 GRC payment, as if i solo mining. Previously i mined in pool for 3-4 days and was gettin payouts at 30-70 GRC after week (!) from when i started to mine in pool. I didn't calculadet profits, but seems pool mining working correctly, but with great latency because of Wallet Hour.

Thanks, zulzedd. I had forgotten about your earlier post - back then I had not yet tried pool mining so it went right over my head at the time.

Sounds like we have similar effects when pool mining. Did you notice whether the address your pool mining payouts went to was normal (presumably your default/leaderboard address)? Mine - only the one so far - showed as being sent to a receiving address I use for a different purpose, one that the mining pool presumably should not have been aware of. I'm now guessing it's a glitch in the wallet display - perhaps it shows "last referenced address" or some such thing.

I'll keep this machine in pool mode a while longer and see what develops.

All,

Regarding PoolMining:

I want to reiterate this:  Its a huge risk for us to open Gridcoin to a standard pool: Its hard to enforce a network packet containing Boinc authenticity information and "believe" the pool operator is going to be trusted with that information; it opens us up to fraud.  If that were NOT the case, I would add that to our spec and work with a pool mining operator.  No one likes a central authority, so we built integrated pool mining inside the client.

In light of that, everyone liked the old integrated pool with the small payments - the only thing they hated was finding the first block.  I viewed that as a miniscule problem; a training issue.

When we went to "Wallet Hour" payments to cut down on bloated wallets; everyone jumped ship and now we only have 23 pool miners. 

The root of the problem is the current pool only pays you in your wallet hour when another pool miner finds a block.  Its easy for a few of the pool miners to lose faith in it when a couple of days go by with no payments.

What I propose as a bridge between now and when we have 100+ pool miners is modifying the client to pay in 4 hour blocks; 2 hours before and 2 hours after the wallet hour.  I think this will satisfy our pool miners for the time being.

What I also want to say about our integrity:  I do not believe anyone has been ripped off- remember, any "advantage" or "disadvantage" is shared among the whole network; so no one is getting something in the pool and ripping other users.  But I will do what I can to satisfy everyone. 

So, as a stopgap I will modify the client to do the 4 hour window for now.

Grid

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[Nthuse]

Well said Sir, well said!!! +1

I cannot sit idly back any longer without comment:

Rob.....you sir deserve some sort of award for all of your efforts on Gridcoin. I follow the tech speak as much as I can, but I am constantly floored at the rapid progress you make with these difficult issues and the level of communication you maintain with the community. This is not only an incredibly unique and revolutionary coin, but you stand out among all the developers I've followed/come into contact with thus far. That combination makes the success of this coin, and the benefits it will bring to the world, inevitable. I predict that some day soon you'll be receiving lots of attention and praise for what you're doing here. Be prepared.

I follow the developments daily and I'm looking into ways of my own to contribute to the community. Thanks for all of your hard work. It has not gone unnoticed or unappreciated.

Seriously, just WOW. And I do not say that lightly.

Well said indeed! Couldn't agree more.

[datguyian]

You can now vote for GridCoin on OpenEx:

https://bitcointalk.org/index.php?topic=449473.0

[TribalBob]

You can now vote for GridCoin on OpenEx:

https://bitcointalk.org/index.php?topic=449473.0

Voted. Thanks for the link!

[heretolearn]

You can now vote for GridCoin on OpenEx:

https://bitcointalk.org/index.php?topic=449473.0

Voted

[anonerd]

kinda wow.

[anonerd]

You can now vote for GridCoin on OpenEx:

https://bitcointalk.org/index.php?topic=449473.0

voted let our voice be heard!

[Gridcoin]

Well said Sir, well said!!! +1

I cannot sit idly back any longer without comment:

Rob.....you sir deserve some sort of award for all of your efforts on Gridcoin. I follow the tech speak as much as I can, but I am constantly floored at the rapid progress you make with these difficult issues and the level of communication you maintain with the community. This is not only an incredibly unique and revolutionary coin, but you stand out among all the developers I've followed/come into contact with thus far. That combination makes the success of this coin, and the benefits it will bring to the world, inevitable. I predict that some day soon you'll be receiving lots of attention and praise for what you're doing here. Be prepared.

I follow the developments daily and I'm looking into ways of my own to contribute to the community. Thanks for all of your hard work. It has not gone unnoticed or unappreciated.

Seriously, just WOW. And I do not say that lightly.

Well said indeed! Couldn't agree more.

Thanks for the kind words!

Rob H.

[Gridcoin]

New Version Available

8.3/77/1.1.6.3:

- More concise listcpuminers report.
- Overpayment (for cpuminers) problem fixed.
- Sleep/Work status written to file %appdata%status.txt for s4mmy.

[Inrideo]

I don't have mining working yet (and I've just finished a complete fresh reinstall of my system) but here's a collection of links for someone else looking to get started in Linux:

Installing Ubuntu and getting the AMD video drivers installed:
http://highoncoins.com/litecoin-rig/how-to-install-ubuntu-and-optimize-cgminer-for-litecoin-mining-rig/

I preferred to get my own cgminer executable as I wasn't sure of the source of the one presented, so the following pages should help with that.

Download AMD SDKs:
http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/
http://developer.amd.com/tools-and-sdks/graphics-development/display-library-adl-sdk/

Download cgminer source code:
http://ck.kolivas.org/apps/cgminer/3.7/

Configuring Linux to build cgminer:
https://coinaxis.com/index.php/entry/how-to-configure-linux-and-build-cgminer-for-bitcoin-and-litecoin

Installing BOINC on Ubuntu:
http://boinc.berkeley.edu/wiki/Installing_BOINC_on_Ubuntu

How to disable IPv6 on Ubuntu (gridcoin may default to IPv6 and I couldn't connect to its port):
http://askubuntu.com/questions/346126/how-to-disable-ipv6-on-ubuntu

[lmue]

what is the (max. achievable) total amount of Gridcoins since we have CPU+GPU mining?

what I understood is we have 168 million from GPU mining (based on the avg. 100 GRC per blocks).

and for CPU mining we have the similar amount, right? Which means we are expected to produce 2x168 Million coins in total. Am I correct?

[heretolearn]

UPDATE : The c-cex dev has implemented volume in his API. Lets hope its good enough for coincapmarket.

Also I don't see too many people having requested Gridcoin there. Would be nice the other members who have not left a request message do it soon.

[heretolearn]

what is the (max. achievable) total amount of Gridcoins since we have CPU+GPU mining?

what I understood is we have 168 million from GPU mining (based on the avg. 100 GRC per blocks).

and for CPU mining we have the similar amount, right? Which means we are expected to produce 2x168 Million coins in total. Am I correct?

I don't think so ... all coins follow a protocol where only 1 block gets solved/broadcast in the target time, so a particular block can be solved by either a GPU miner or(/and special case when doing both) CPU miner. So the total target would still be 168 M instead of 2 x 168 M (taking an avg of 100 GRC per block generated).

[asdlolciterquit]

You can now vote for GridCoin on OpenEx:

https://bitcointalk.org/index.php?topic=449473.0

voted let our voice be heard!

voted!

[alexius89]

why is the price for Gridcoin suddenly so low on c-cex.com ?

[lmue]

what is the (max. achievable) total amount of Gridcoins since we have CPU+GPU mining?

what I understood is we have 168 million from GPU mining (based on the avg. 100 GRC per blocks).

and for CPU mining we have the similar amount, right? Which means we are expected to produce 2x168 Million coins in total. Am I correct?

I don't think so ... all coins follow a protocol where only 1 block gets solved/broadcast in the target time, so a particular block can be solved by either a GPU miner or(/and special case when doing both) CPU miner. So the total target would still be 168 M instead of 2 x 168 M (taking an avg of 100 GRC per block generated).

I am not so clear right now as well. How the block can be solved by CPU miner since no scrypt is running on their miners.

[heretolearn]

what is the (max. achievable) total amount of Gridcoins since we have CPU+GPU mining?

what I understood is we have 168 million from GPU mining (based on the avg. 100 GRC per blocks).

and for CPU mining we have the similar amount, right? Which means we are expected to produce 2x168 Million coins in total. Am I correct?

I don't think so ... all coins follow a protocol where only 1 block gets solved/broadcast in the target time, so a particular block can be solved by either a GPU miner or(/and special case when doing both) CPU miner. So the total target would still be 168 M instead of 2 x 168 M (taking an avg of 100 GRC per block generated).

I am not so clear right now as well. How the block can be solved by CPU miner since no scrypt is running on their miners.

Good question . Its got to do with with the parameter (cpumining=true) you put into the conf file ... the client looks up that file and tries to generate grc by hashing away I believe. I maybe wrong though, maybe someone could correct .

[TribalBob]

what is the (max. achievable) total amount of Gridcoins since we have CPU+GPU mining?

what I understood is we have 168 million from GPU mining (based on the avg. 100 GRC per blocks).

and for CPU mining we have the similar amount, right? Which means we are expected to produce 2x168 Million coins in total. Am I correct?

I don't think so ... all coins follow a protocol where only 1 block gets solved/broadcast in the target time, so a particular block can be solved by either a GPU miner or(/and special case when doing both) CPU miner. So the total target would still be 168 M instead of 2 x 168 M (taking an avg of 100 GRC per block generated).

I am not so clear right now as well. How the block can be solved by CPU miner since no scrypt is running on their miners.

Good question . Its got to do with with the parameter (cpumining=true) you put into the conf file ... the client looks up that file and tries to generate grc by hashing away I believe. I maybe wrong though, maybe someone could correct .

CPU mining works like this:

You place your Account ID numbers for each project in the "Projects" list in the appropriate box next to each project.
You set your username for those projects to your default receiving address.
Your computer does work for those BOINC projects.
You get paid each day based on the amount of work done for those BOINC projects.

[TribalBob]

Woke up this morning to find my miner was out of sync (20 blocks behind). Restarting the client got it back in sync. I also had my other client go out of sync multiple times yesterday and have been unable to upgrade this client via the console as it gets stuck at "Waiting for Gridcoin wallet to exit" and after it fails it returns "Upgrade failed. The operation has timed out".

[TribalBob]

Ok, randomly I tried upgrading again and got a remote server 404 error, then i tried one more time and it upgraded fine... Strange...