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Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 555538 times)
Sparood
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October 22, 2014, 07:38:44 AM
 #3541

There have been a lot of discussions on the fairness of the reward schedule. I see coins having a weeklong PoW phase before switching to PoS. That's what I would call unfair.
The reward in gridcoin will never drop below 50. If you haven't gotten in earlier, now is a great time to become involved since I think you are still early on in the game.

Have a look at the post discussing the final reward. I think it might change your perspective.

https://cryptocointalk.com/topic/18080-poll-gridcoin-research-post-may-2015-reward-subisdy-survey/

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asdlolciterquit
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October 22, 2014, 07:39:06 AM
 #3542

Gridcoin just up 130% on c-cex. Placed 36th on coinmarketcap now!

Great!

can't wait to see the price of the new gridcoin!

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pallas
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October 22, 2014, 07:42:09 AM
 #3543

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

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October 22, 2014, 07:58:48 AM
 #3544

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

doesn't work: I didn't receive anything.

Sparood
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October 22, 2014, 08:41:21 AM
 #3545

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

No the payout is based on your BOINC contribution. Next to this there is also "normal" interest for those who do not run BOINC, which you will also receive if you are running it.

http://coinwiki.info/en/Proof-of-Research#Gridcoin-Research_Reward_Calculation_Example

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October 22, 2014, 08:46:07 AM
 #3546

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

No the payout is based on your BOINC contribution. Next to this there is also "normal" interest for those who do not run BOINC, which you will also receive if you are running it.

http://coinwiki.info/en/Proof-of-Research#Gridcoin-Research_Reward_Calculation_Example

That's what I was saying: RAC makes reward but I'm talking about the probability of finding blocks.
I can have a good RAC but not find any blocks because my stakeweight is low (as any newbie to the coin trying to mine it).

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October 22, 2014, 09:55:32 AM
 #3547

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

No the payout is based on your BOINC contribution. Next to this there is also "normal" interest for those who do not run BOINC, which you will also receive if you are running it.

http://coinwiki.info/en/Proof-of-Research#Gridcoin-Research_Reward_Calculation_Example

If there's the payout based on BOINC contribution (not a PoS interest), write it in short and clear words what to do to receive it. I don't mean the graph showing how it will look like next year, but the very simple question: a person contributes computation power to boinc, what he/she must do to receive the payout based on boinc contribution? And when the payout should appear (up to 2 days as in RSC/CURE or when?)?

=

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anonerd
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October 22, 2014, 10:32:09 AM
 #3548

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

No the payout is based on your BOINC contribution. Next to this there is also "normal" interest for those who do not run BOINC, which you will also receive if you are running it.

http://coinwiki.info/en/Proof-of-Research#Gridcoin-Research_Reward_Calculation_Example

That's what I was saying: RAC makes reward but I'm talking about the probability of finding blocks.
I can have a good RAC but not find any blocks because my stakeweight is low (as any newbie to the coin trying to mine it).
As someone has to provide trust in order to stay decentralized, we chose to let bagholders secure the network while BOINCers
are rewarded proportional to their useful computations.
Solving blocks is more frequent with growing stake, but the payout stays miniscule as long as you don't work for sience.
At the same time we boost new comers (i.e. low stakers) by a probability multiplier to favour them in earning their blocks!

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)
Berkson22
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October 22, 2014, 10:44:49 AM
 #3549

Can someone explain how Staking works.
Will i receive interest if for the past 3 days my Stake was "Stake=0.0" ?
Why it stays 0 all the time i dont get, is that important?
pallas
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October 22, 2014, 10:53:56 AM
 #3550

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

No the payout is based on your BOINC contribution. Next to this there is also "normal" interest for those who do not run BOINC, which you will also receive if you are running it.

http://coinwiki.info/en/Proof-of-Research#Gridcoin-Research_Reward_Calculation_Example

That's what I was saying: RAC makes reward but I'm talking about the probability of finding blocks.
I can have a good RAC but not find any blocks because my stakeweight is low (as any newbie to the coin trying to mine it).
As someone has to provide trust in order to stay decentralized, we chose to let bagholders secure the network while BOINCers
are rewarded proportional to their useful computations.
Solving blocks is more frequent with growing stake, but the payout stays miniscule as long as you don't work for sience.
At the same time we boost new comers (i.e. low stakers) by a probability multiplier to favour them in earning their blocks!

I see.
But please understand that a newbie trying to get into the coin by mining will have a hard time if, like in my case, he mines for 2 weeks without getting a single coin. He'll go away and maybe post some bad words on the forums.
I believe the probability of finding a block should also depend on RAC or, as an alternative, you should build a pool system so newcomers can get even little rewards, without waiting weeks for their stake to grow.

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October 22, 2014, 11:24:00 AM
 #3551

I downloaded the wallet but it is not doing the sync... I have to do some things before?


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October 22, 2014, 11:25:35 AM
 #3552

I downloaded the wallet but it is not doing the sync... I have to do some things before?

wait a bit for the first sync.
if it doesn't work, try adding this to your gridcoinresearch.conf file:

addnode=137.116.167.42
addnode=137.116.167.52
addnode=191.238.60.17
addnode=191.238.51.28
addnode=191.235.137.239
addnode=191.235.138.12
addnode=23.97.147.78
addnode=23.97.148.49
addnode=138.91.246.228
addnode=138.91.247.22
addnode=node.gridcoin.us

traderman
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October 22, 2014, 12:59:21 PM
 #3553

The new POR GRC wallet will be available on the exchanges in a few days, maybe Friday.

Is there any Exchange for Gridcoin 2 ? Why isn't it again on Bittrex?

What is the progress here?

mirny
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October 22, 2014, 01:01:45 PM
 #3554

Can I join all of these projects?
And all of them will be rewarded?
http://coinwik.org/Current_BOINC_Whitelist

traderman
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October 22, 2014, 01:06:56 PM
 #3555

There will be a multipool system setup where you can mine other algo coins and exchange for POR GRC. We have been planning this for a long time now. There are many technical challenges that prevent the RAC as being used in the probability of finding blocks. That is why the RAC is used in determining the reward! If you have some ideas that you would like to see implemented you can post here: https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/

So PoR is just PoS with a reward based on boinc RAC? Correct?
That's not what I expected... RAC (or whatever boinc index) should determine the probability of mining a block, not the stakepower, IMHO.

No the payout is based on your BOINC contribution. Next to this there is also "normal" interest for those who do not run BOINC, which you will also receive if you are running it.

http://coinwiki.info/en/Proof-of-Research#Gridcoin-Research_Reward_Calculation_Example

That's what I was saying: RAC makes reward but I'm talking about the probability of finding blocks.
I can have a good RAC but not find any blocks because my stakeweight is low (as any newbie to the coin trying to mine it).
As someone has to provide trust in order to stay decentralized, we chose to let bagholders secure the network while BOINCers
are rewarded proportional to their useful computations.
Solving blocks is more frequent with growing stake, but the payout stays miniscule as long as you don't work for sience.
At the same time we boost new comers (i.e. low stakers) by a probability multiplier to favour them in earning their blocks!

I see.
But please understand that a newbie trying to get into the coin by mining will have a hard time if, like in my case, he mines for 2 weeks without getting a single coin. He'll go away and maybe post some bad words on the forums.
I believe the probability of finding a block should also depend on RAC or, as an alternative, you should build a pool system so newcomers can get even little rewards, without waiting weeks for their stake to grow.
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October 22, 2014, 01:08:31 PM
 #3556

Just make sure you can get above RAC 100 on all of them. I have several rigs and I run about 5 projects per rig.

Can I join all of these projects?
And all of them will be rewarded?
http://coinwik.org/Current_BOINC_Whitelist
traderman
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October 22, 2014, 01:13:51 PM
 #3557

You can still GPU hash on the old GRC chain, it has a 6 months till it is completely shut down, but the block reward drops to 10 after block 200,000 and right now it is on block 198489 according to http://explorer.gridcoin.us/

Ty, traderman! As always - fast and detailed response Wink
As i can see, there are no GPU mining now (scrypt/SHA-256 etc. mining i mean). So no need to configure cgminer or anything like that, i'm right? (i can't access wiki, sorry)
traderman
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October 22, 2014, 01:16:47 PM
 #3558

I am assuming you are running the POR GRC?
You have to edit your gridcoinresearch.conf in appdata/roaming/gridcoinresearch

email="your boinc email"
rpcport=9334
rpcallowip=127.0.0.1
addnode=node.gridcoin.us

I downloaded the wallet but it is not doing the sync... I have to do some things before?


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October 22, 2014, 01:32:51 PM
 #3559

Just make sure you can get above RAC 100 on all of them. I have several rigs and I run about 5 projects per rig.

Can I join all of these projects?
And all of them will be rewarded?
http://coinwik.org/Current_BOINC_Whitelist

I have from 3 to 6 projects connected on different rigs.
And yes I know that i need RAC more than 100, but when I look on this site http://www.gridcoin.us/Guides/BOINC/whitelist.htm
there is few projects with Less work than active hosts' projects. So now I don't know If I can connect to them or not.
So now, where is the truth?

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October 22, 2014, 01:58:39 PM
 #3560

Is there any Exchange for Gridcoin 2 ? Why isn't it again on Bittrex?

What is the progress here?


Classic gridcoin will most likely retire by the end of this week. Polo, C-cex and Swisscex will al stop trading Gridcoin classic by then. The ticker will change to GRCX.
These exchanges will all add Gridcoinresearch as soon as the client is stable enough to be released to them. Right now Rob is still working on a few tweaks, latest estimate I have seen is Friday. Obviously the client has to be absolutely stable to be released.
When this happens we can start tweeting Bittrex some more and launch a campaign to get us added. I have been tweeting them regularly over the last weeks just to get our name to stick.

Thanks ! Do I need to move my coins to burn or can I let them there and they get exchanged automatically?

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