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Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 554352 times)
alicea
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October 16, 2014, 10:49:19 AM
 #3481


The new wallet is pure Proof-of-Research plus Stake now.  Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.  

Great! I didn't understand it properly before Smiley
One more question - my world community grid shows:
Gridcoin       10/14/2014 - Current       0:002:06:48:15       9,964
the email is in .conf file
When should I receive first coins?

=

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October 16, 2014, 01:23:13 PM
 #3482

before i burn coins do i have to have a new wallet installed as well as the classic wallet??
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October 16, 2014, 08:45:57 PM
 #3483

before i burn coins do i have to have a new wallet installed as well as the classic wallet??

Yes!

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October 16, 2014, 08:52:13 PM
 #3484

Please read the instructions carefully before doing anything! Also try a small amount first just to make sure you know how the process works!!

http://pool.gridcoin.us/CoinExchange.aspx

before i burn coins do i have to have a new wallet installed as well as the classic wallet??
alicea
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October 16, 2014, 10:29:17 PM
 #3485


The new wallet is pure Proof-of-Research plus Stake now.  Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.  

Great! I didn't understand it properly before Smiley
One more question - my world community grid shows:
Gridcoin       10/14/2014 - Current       0:002:06:48:15       9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?

=

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[] Ease of use and Flexibility [] Excellent value proposition [] Data privacy and security
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October 17, 2014, 12:52:35 AM
 #3486

The Gridcoin classic wallet will be shut down on the 20th of October and the new POR (Proof of Research) wallet will be going live on the exchanges!! So if you want wait till the 20th and then you can buy some POR GRC on the exchanges and start with the new wallet which is much more simple to run! Forget about GRC classic!


The new wallet is pure Proof-of-Research plus Stake now.  Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins. 

Great! I didn't understand it properly before Smiley
One more question - my world community grid shows:
Gridcoin       10/14/2014 - Current       0:002:06:48:15       9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?
alicea
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October 17, 2014, 07:13:56 AM
 #3487

I mean PoR only, and I don't want to buy anything Smiley I have the new wallet and computing since a week. I'd like to know when my GRC will be in my wallet only.

The Gridcoin classic wallet will be shut down on the 20th of October and the new POR (Proof of Research) wallet will be going live on the exchanges!! So if you want wait till the 20th and then you can buy some POR GRC on the exchanges and start with the new wallet which is much more simple to run! Forget about GRC classic!


The new wallet is pure Proof-of-Research plus Stake now.  Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins. 

Great! I didn't understand it properly before Smiley
One more question - my world community grid shows:
Gridcoin       10/14/2014 - Current       0:002:06:48:15       9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?

=

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[] Ease of use and Flexibility [] Excellent value proposition [] Data privacy and security
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October 17, 2014, 11:41:01 AM
 #3488

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

I mean PoR only, and I don't want to buy anything Smiley I have the new wallet and computing since a week. I'd like to know when my GRC will be in my wallet only.

The Gridcoin classic wallet will be shut down on the 20th of October and the new POR (Proof of Research) wallet will be going live on the exchanges!! So if you want wait till the 20th and then you can buy some POR GRC on the exchanges and start with the new wallet which is much more simple to run! Forget about GRC classic!


The new wallet is pure Proof-of-Research plus Stake now.  Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.  

Great! I didn't understand it properly before Smiley
One more question - my world community grid shows:
Gridcoin       10/14/2014 - Current       0:002:06:48:15       9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?
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October 17, 2014, 11:56:43 AM
 #3489

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.

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October 17, 2014, 12:22:15 PM
 #3490

Then go to one of the exchanges and buy a small amount of classic GRC and convert it to POR GRC using the burn page: http://pool.gridcoin.us/CoinExchange.aspx then you will have some stake in your wallet!

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
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October 17, 2014, 12:42:09 PM
 #3491

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
To be an early adopter is never easy Smiley
We offer free startercoins on http://uscore.net

Still waisting energy on Proof-of-Work? Use your Rigs for scientific progress!
Member of Gridcoin-Germany - http://uscore.net (en) - http://uscore.de (de) - http://gridcoin.us (ann)
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October 17, 2014, 01:13:10 PM
 #3492

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
To be an early adopter is never easy Smiley
We offer free startercoins on http://uscore.net

thanks I'll try that!
I really want to try PoR but at the same time I don't wanna mess with exchanges and that burning thing :-)

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October 17, 2014, 04:08:40 PM
 #3493

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
My wallet says "not mining" and it's not true neither...

Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
What?? We need PoS for PoR?? It's a joke or I havn't understood? We must buy the coins first to earn them later for scientific computations we do with our hardware and our electricity? The difference between PoS and PoR was clear but now it's not.

=

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October 17, 2014, 04:22:30 PM
 #3494

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
My wallet says "not mining" and it's not true neither...

Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
What?? We need PoS for PoR?? It's a joke or I havn't understood? We must buy the coins first to earn them later for scientific computations we do with our hardware and our electricity? The difference between PoS and PoR was clear but now it's not.

There are two block chains.  Gridcoin-Classic and Gridcoin-Research.  Both are currently live and will run side by side for the next 6 months.  It may be helpful for you to read the wiki:

http://wiki.gridcoin.us


Be sure to click through and read the sub pages paying special attention to the Proof-of-Research, Events and the FAQ.  It is still a work in progress but that is currently the best resource for up to date information regarding Gridcoin right now.

Follow me on Twitter @RTMoney_
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October 17, 2014, 07:48:01 PM
 #3495

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
My wallet says "not mining" and it's not true neither...

Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
What?? We need PoS for PoR?? It's a joke or I havn't understood? We must buy the coins first to earn them later for scientific computations we do with our hardware and our electricity? The difference between PoS and PoR was clear but now it's not.

There are two block chains.  Gridcoin-Classic and Gridcoin-Research.  Both are currently live and will run side by side for the next 6 months.  It may be helpful for you to read the wiki:

http://wiki.gridcoin.us


Be sure to click through and read the sub pages paying special attention to the Proof-of-Research, Events and the FAQ.  It is still a work in progress but that is currently the best resource for up to date information regarding Gridcoin right now.

Could you answer to each pallas's and my questions clearly (yes/no)?

=

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October 17, 2014, 09:31:57 PM
 #3496


In case anyone missed it:
The latest POR client 3.1.6.3 with increased network security is release: http://download.gridcoin.us/download/downloadstake/GridcoinResearch.msi
Please delete you blockchain and redownload if you are not on the same last block as the explorer: http://explorer.gridcoin.us/

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October 17, 2014, 09:39:43 PM
 #3497

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
My wallet says "not mining" and it's not true neither...

Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
What?? We need PoS for PoR?? It's a joke or I havn't understood? We must buy the coins first to earn them later for scientific computations we do with our hardware and our electricity? The difference between PoS and PoR was clear but now it's not.

Yes you need at least 1 GRC to validate your node like POS to begin minting POR blocks, but unlike simple interest your minting is based on your research participation.  There will be many giveaways in the future (there is one currently as anonerd mentioned: http://uscore.net) for people to get started. In the mean time anyone looking to get started will be helped on the forums.

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October 17, 2014, 10:04:17 PM
 #3498

Yes you need at least 1 GRC to validate your node like POS to begin minting POR blocks, but unlike simple interest your minting is based on your research participation.  There will be many giveaways in the future (there is one currently as anonerd mentioned: http://uscore.net) for people to get started. In the mean time anyone looking to get started will be helped on the forums.


Thank you for the concrete info.

I'm helping you testing, pushing up this thread, and finally donating my computing power and electricity to your project, and still I'm not 100% sure if it really works. I will support your project in long term in future too, because I think it's a really good idea (one of the best ideas in cryptoworld), but except investing my computing power and time, I will not invest my BTC, PLN nor EUR.
Here's my PoR GRC address: S5ePpF26ehemfCrrmkczLvnbXfvAazSYM6  I'd like to test if it really works as you have written.

=

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October 18, 2014, 03:47:58 AM
 #3499

Yes you need at least 1 GRC to validate your node like POS to begin minting POR blocks, but unlike simple interest your minting is based on your research participation.  There will be many giveaways in the future (there is one currently as anonerd mentioned: http://uscore.net) for people to get started. In the mean time anyone looking to get started will be helped on the forums.


Thank you for the concrete info.

I'm helping you testing, pushing up this thread, and finally donating my computing power and electricity to your project, and still I'm not 100% sure if it really works. I will support your project in long term in future too, because I think it's a really good idea (one of the best ideas in cryptoworld), but except investing my computing power and time, I will not invest my BTC, PLN nor EUR.
Here's my PoR GRC address: S5ePpF26ehemfCrrmkczLvnbXfvAazSYM6  I'd like to test if it really works as you have written.

Sent 100

pallas
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October 18, 2014, 10:08:13 AM
 #3500

Yes you need at least 1 GRC to validate your node like POS to begin minting POR blocks, but unlike simple interest your minting is based on your research participation.  There will be many giveaways in the future (there is one currently as anonerd mentioned: http://uscore.net) for people to get started. In the mean time anyone looking to get started will be helped on the forums.


Thank you for the concrete info.

I'm helping you testing, pushing up this thread, and finally donating my computing power and electricity to your project, and still I'm not 100% sure if it really works. I will support your project in long term in future too, because I think it's a really good idea (one of the best ideas in cryptoworld), but except investing my computing power and time, I will not invest my BTC, PLN nor EUR.
Here's my PoR GRC address: S5ePpF26ehemfCrrmkczLvnbXfvAazSYM6  I'd like to test if it really works as you have written.

Sent 100

Can I have a couple too, so I can enable PoR, please?

SEmmy4eKr6g35SHP3nvarycM1GW9rYgom7

Thanks very much!

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