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

[COINPRADER]

Done!

Vote for GRC on BTC38.com





This is one of the biggest exchanges in China, everyone needs to vote!!

https://bitcointalk.org/index.php?topic=501963.0

Proudly voted!

[1714327118]

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[1714327118]

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[1714327118]

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[Vagnavs]

I'd like to buy some Gridcoin and the exchange does not have enough volume.. I like to buy about 1 BTC at spot price +10/15%

[traderman]

poloniex and cex have lots.

I'd like to buy some Gridcoin and the exchange does not have enough volume.. I like to buy about 1 BTC at spot price +10/15%

[PandaCommanda]

I am very interested in buying GRC but until there is a downloadable client for Windows that is not flagged as malicious, I will not buy in as I will not trust these dodgey exchanges to protect my coins. It's very simple, make a smoothly downloadable bug-free wallet. Make this a top priority. Above all else. Now. And then I, for one, will start promoting this coin like mad. Until then, this is a huge impediment.

[BenHur]

Vote for GRC on Cryptsy.

https://www.cryptsy.com/coinvotes/



DEV: invest few BTC's and take us to the afterlife!

Voted
I just have some pionts there.It is about 29,as 145 votes.

Thanks to ROB's work,we become more and more bigger,and soon we will be the top 10.

[derm]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

[allcrypt]

The Gridcoin linux wallet has a fatal error that needs to be resolved before it can be fully implemented on AllCrypt.

AllCrypt uses RPC calls to communicate with the wallets. The function getblock, which takes a hash as a argument, and returns data about the block in question, is completely broken.

On the command line, some blocks return data - but the data seems like it could be wrong.

Other blocks return various errors:
gridcoind getblock 87940ec2e76b5981d1454ea53de8fa3c0fac4b1c683f72971a74ea8f78751046
error: {"code":-1,"message":"Block number out of range."}

However, I got that hash with:
gridcoind getblockhash 74001
87940ec2e76b5981d1454ea53de8fa3c0fac4b1c683f72971a74ea8f78751046

Also:
gridcoind getblock b228595e0676536b5eed64ad079d8046ea7ed5cb27d94a2c24018b60ec945d59
error: Error parsing JSON:b228595e0676536b5eed64ad079d8046ea7ed5cb27d94a2c24018b60ec945d59

It's completely borked.

Also, when issuing the command line for:
gridcoind getblock 3acbe7fae017d900a0957038dce03c48b5d4458cabd79ad809a194fed9bf2154

It returns what APPEARS to be info for block 3?
{
    "hash" : "d39f406fc1e83823f0af3feccecf97439b8c418340fae92cb32de2a0b0d882f7",
    "confirmations" : 75296,
    "size" : 438,
    "height" : 3,
    "version" : 2,
    "merkleroot" : "8e192930415caa67236c9facd54d5cb64080d340dc2d9db7f06901044727cafc",
    "tx" : [
        "8e192930415caa67236c9facd54d5cb64080d340dc2d9db7f06901044727cafc"
    ],
    "time" : 1381979271,
    "nonce" : 73673216,

And when using the RPC call to check that same block, it errors out with: (I had to put spaces in the damn site keeps putting it in a code block)

Request error: A r r a y  = > -1 [message] = > value is type str, expected int
Which is completely wrong because a block hash cannot be an INT.

The linux Gridcoin wallet is completely unusable as it stands on AllCrypt. If this coin is on another exchange - we have NO idea how they are doing it unless maybe their wallets are on windows? (What??)

[andrewp]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

Hi derm,

I understand your point of view and your concerns. I remember that you've been one of the biggest buyers since the beginning.
However I have do disagree that things were introduced silently etc. Rob has always been open regarding BOINC mining and explained and discussed everything here and on the other forum.

Please read the last post by Rob here: https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/page-118 where he clearly states how much he has given up for Gridcoin and that he plans to do everything he can to see it succeed.

Andrew.

[chiznitz]

I am very interested in buying GRC but until there is a downloadable client for Windows that is not flagged as malicious, I will not buy in as I will not trust these dodgey exchanges to protect my coins. It's very simple, make a smoothly downloadable bug-free wallet. Make this a top priority. Above all else. Now. And then I, for one, will start promoting this coin like mad. Until then, this is a huge impediment.

Which exchanges do you consider dodgey and which not?  Also I am running the wallet on my exchange and its fine.  The miners that come with it are what are flagged.  he has them built in, they popup when you run the client.

Please consider using www.cryptoaltex.com, if you need support I'm almost always on IRC except when Im sleeping and I try to get to tickets asap when they come in.

I'm not sure what your criteria is for dodgey vs non dodgey exchange.  Hope you find what you're looking for though

[asdlolciterquit]

Vote for GRC on BTC38.com





This is one of the biggest exchanges in China, everyone needs to vote!!

https://bitcointalk.org/index.php?topic=501963.0

Proudly voted!

*

[andrewp]

Hi,

These two are the big ones!
Show your support, vote, send messages, spend some BTCs on it. If we get to one of these exchanges our market cap is going to skyrocket!

BTC38.com - One of the biggest exchanges in Asia
https://bitcointalk.org/index.php?topic=501963.0

Cryptsy - new voting system
https://www.cryptsy.com/coinvotes/

It's time that we all really start to participate, do some work ourselves and don't just expect Rob, aysyr, traderman and few others to do everything for us!

Andrew.

[damx]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

I agree with you.  I also do not remember seeing a discussion about the cpu mining reward, which double the daily GRC output (576 daily block and 576 daily CPU). Halving reward would have been a very good option.

[customminer]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

I agree with you.  I also do not remember seeing a discussion about the cpu mining reward, which double the daily GRC output (576 daily block and 576 daily CPU). Halving reward would have been a very good option.

Increasing the difficulty via increasing the boinc points required to get the max 150grc/block should be seriously higher.
With a couple GPUs you can be pushing easy 100-300k boinc points on milkyway@home; it's far too easy to get the full block reward!

[asdlolciterquit]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

I agree with you.  I also do not remember seeing a discussion about the cpu mining reward, which double the daily GRC output (576 daily block and 576 daily CPU). Halving reward would have been a very good option.

Increasing the difficulty via increasing the boinc points required to get the max 150grc/block should be seriously higher.
With a couple GPUs you can be pushing easy 100-300k boinc points on milkyway@home; it's far too easy to get the full block reward!

but if you can use only your cpu?

[customminer]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

I agree with you.  I also do not remember seeing a discussion about the cpu mining reward, which double the daily GRC output (576 daily block and 576 daily CPU). Halving reward would have been a very good option.

Increasing the difficulty via increasing the boinc points required to get the max 150grc/block should be seriously higher.
With a couple GPUs you can be pushing easy 100-300k boinc points on milkyway@home; it's far too easy to get the full block reward!

but if you can use only your cpu?

GPU minable grc and CPU minable grc are completely seperate distribution methods, so the above suggestion would only affect the gpu miners - it's effectively just taxing the gpu miners more.

Even with scrypt sleep, the 1000boinc point average can be acquired almost instantly with gpu miners. The difficulty should be raised to reflect the work load that gpu farms can handle.

On another note - how does cpu mining work? Is it that there are 75,000grc/day being distributed and it's evenly distributed between hosts according to how much boinc points they submit, to a max of 150grc/day per host?

Also, there should be options to both send a cpu mining beacon and to verify cpu mining is operational, because at the moment you've gotta wait 3 days before you know whether or not you've configured gridcoin correctly.

Do you need to set poolmining up for cpumining, or just cpumining=true in gridcoin.conf file?

[andrewp]

GPU minable grc and CPU minable grc are completely seperate distribution methods, so the above suggestion would only affect the gpu miners - it's effectively just taxing the gpu miners more.

Even with scrypt sleep, the 1000boinc point average can be acquired almost instantly with gpu miners. The difficulty should be raised to reflect the work load that gpu farms can handle.

On another note - how does cpu mining work? Is it that there are 75,000grc/day being distributed and it's evenly distributed between hosts according to how much boinc points they submit, to a max of 150grc/day per host?

Also, there should be options to both send a cpu mining beacon and to verify cpu mining is operational, because at the moment you've gotta wait 3 days before you know whether or not you've configured gridcoin correctly.

Do you need to set poolmining up for cpumining, or just cpumining=true in gridcoin.conf file?

Hi,

1. The utilization is calculated 50% from what your current CPU utilization is and 50% from your RACs.
2. We basically don't need to modify the 1000 RACs average that you stated because scrypt-sleep takes care of that. If you have a 100% utilization and your scrypt sleep is 50% then your total reward goes down, because you only hash 50% of the time. However, if you do have ~100k RACs, your scrypt sleep is 100% and even though you have the same 100% utilization as the other user, your reward is going to be a lot more because you hash all the time. The more RACs people have, the more RACs will people need to increase their scrypt sleep so they can hash longer and earn more rewards.
3. CPU mining - 576 blocks a day * 150GRC per block = 86400. That is the CPU mining coin cap. One host can earn a maximum of 150GRC/day and users compete with their RACs for the max reward. The more RACs you have, the more GRC you will earn a day up to a maximum of 150GRC/day per host.
4. Once you setup CPU mining and start your wallet, it checks when and if your beacons were sent and if not it sends them. So if you've never mined you don't need to wait 3 days, it sends them ~immediately...and then again after 3 days.
5. Just cpumining=true   poolmining is something different.

Here's a CPU mining tutorial.
https://cryptocointalk.com/topic/1922-cpu-mining-tutorialtopic/

Andrew.

[anonerd]

Dear Sir Halford,
where will you take us to?

First off, I am glad to sit in your boat.
I love to participate in science while mining.
Hence, I promote your project in many directions and at every occasion!

The network has come quite a way since October.
Yet, today I am confused - help me please.
Yesterday you stated that your main job needs your focus.
This was when you speculated on starting anew / creating one more project, for fun.
Please say that I got you wrong on that. Be our leader, be Grid.
New ideas might breed features, but don't fork your project and your community.

Back in Winter, I had the chance to swap a few sentences with you.
I asked for your project plans. You said, the chain was already safe for investment.
So, I placed some money and followed along, waving your flag.
Later, cpu rewards were introduced silently, no community decision, no transparent information politics. Evaluations started to tumble.

Meanwhile, more than a million new GRC spill into the network each week.
You could at least have halved the block reward since then, imho.
Did you consider to discuss this openly?

Don't get me wrong, I appreciate your eagerness.
Thus, may I kindly ask you to elaborate on your plans for Gridcoin,
to set some cornerstones fix and commit to them publicly?

Could we place full trust in your endavour?
I believe, trust is what an early community needs the most.
Continue to be innovative as we have grown to love you, but dont let disruption spoil the show.

Therefore, again, please don't take my words as an offense.
But, give us a landmark, hand some vision to refer to,
please.

Let your ppl start to celebrate with you!

I agree with you.  I also do not remember seeing a discussion about the cpu mining reward, which double the daily GRC output (576 daily block and 576 daily CPU). Halving reward would have been a very good option.

I tend to agree with you too...

Given rules were changed, so there is a natural need for balancing the effects.
I did a little digging, cuz text references vanish in most places. Just for the record: initial coin amount seems to have quadrupled by now. ôÓ
Five months ago, Rob wrote "Total coins: Gridcoin is scheduled to produce 84 million currency units." (find here: https://cryptsy.freshdesk.com/support/discussions/topics/35939)
But maybe that was wrong. =/

An updated version reads the exact double thereof
"Total coins: Gridcoin is scheduled to produce approximately 168 million currency units (based on an average block subsidy of 100GRC). "
Then, when separate CPU-rewards came on stage, it doubled for the second time, if I observe right.

In some years this network gonna be legendary. whereas that acceleration might spoil some trust. In this situation, I would like to ask for halving the block reward as well. At least it would be more consistent with the estimated total at launch.
Concerning other information politics, I am very satisfied with the open discussions we have

[Sparood]

I guess rewards need to half too if we don't want all coins to be mined really quickly... Right now we have about 1000000 new coins each week? So we'd be done in five years?
I read rob's post on the kimoto gravity well implementation, I just don't understand that stuff :-)

So if someone could explaine here.. And lets get the open discussion going, aim for sustainable growth, since this is a sustainable coin too!

[traderman]

Traderman's Pool Mining Tutorial: https://cryptocointalk.com/topic/7515-tradermans-pool-mining-poolgridcoinus-tutorial/

[Bitcoin_Gambler]

I agree that we need to scale back the number of gridcoins to the original 84 million with appropriate difficulty retargeting possibly using kimotos gravity well.  I invested in gridcoin because I believed in the vision but if investors continue to get hosed by quadrupling the number of coins then people will stop investing, the value of the coin will plummet, and we won't be able to advance the scientific causes we all would like to.