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

[spassbold]

I'm also for starting a new thread, RTM said he was open for it, so let's make a new thread, but let's ask Rob to do it.

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[pallas]

I'm also for starting a new thread, RTM said he was open for it, so let's make a new thread, but let's ask Rob to do it.

But I believe rob is not reading this thread: posting on CCT now.

[anonerd]

I'm also for starting a new thread, RTM said he was open for it, so let's make a new thread, but let's ask Rob to do it.

But I believe rob is not reading this thread: posting on CCT now.

RTM and Rob both stated previously they don't want to have an empty thread, because of our history and visibility of it.
Alas, a new thread could be made, in order to point to the page at which Proof-of-Research has started.

[spassbold]

ok so I think let's stick to this thread then

[spassbold]

What I think makes gridcoin such an interesting idea is the idea of commercial applications, where the computing power of gridcoin's miners is used to power computing intensive tasks like rendering or machine learning and thus the miner's get their reward in newly generated coins, but the computing service they offer to the app is for free, so those companies based on the gridcoin ecosystem can offer their services much cheaper and then give back to the gridcoin ecosystem.

There even exists already a distributed search engine (http://yacy.net/), just imagine a search engine being run by the mining of a cryptocurrency, which would be theoretically possible with gridcoin.

[Quezacoatl]

What I do not fully understand is the point where "the company gives the created money back to the ecosystem" ? Do you mean an active action where the company buys Gridcoins with a certain share of their profit to push the price up?

What I think makes gridcoin such an interesting idea is the idea of commercial applications, where the computing power of gridcoin's miners is used to power computing intensive tasks like rendering or machine learning and thus the miner's get their reward in newly generated coins, but the computing service they offer to the app is for free, so those companies based on the gridcoin ecosystem can offer their services much cheaper and then give back to the gridcoin ecosystem.

There even exists already a distributed search engine (http://yacy.net/), just imagine a search engine being run by the mining of a cryptocurrency, which would be theoretically possible with gridcoin.

[traderman]

Gridcoin mentioned in Brookings Institute article on blockchain technology. --> http://www.brookings.edu/blogs/techtank/posts/2015/01/13-blockchain-innovation-kaushal

Twitter -> http://twitter.com/GridcoinNetwork/status/575820898613121024

[prints]

I've been using BOINC mainly for SETI@home since around 06-07. I finally installed Grid to use Boinc today (yea, I'm a bit slow to catch on - haha).

Glad to be a part, look forward to seeing what Gridcoin can do

Cheers!

[traderman]

Welcome to the team. I assume you installed the new GRC Research.

I've been using BOINC mainly for SETI@home since around 06-07. I finally installed Grid to use Boinc today (yea, I'm a bit slow to catch on - haha).

Glad to be a part, look forward to seeing what Gridcoin can do

Cheers!

[prints]

Welcome to the team. I assume you installed the new GRC Research.

I've been using BOINC mainly for SETI@home since around 06-07. I finally installed Grid to use Boinc today (yea, I'm a bit slow to catch on - haha).

Glad to be a part, look forward to seeing what Gridcoin can do

Cheers!

Thanks! I did, yes. I'm actually trying to ascertain whether or not the wallet is working in conjunction with Boinc at this point. I've added myself to the gridcoin teams on boincstats.com, added my projects - but I don't know if I've done it correctly. I've went through the instructions, does it take some time for the settings to carry over?


Edit: Yeah, I think everything is fine. Reading up, it should take a few days for the team to be verified and my RAC to go up. When I list cpids it shows my projects and team "gridcoin" so that's fine, but on the dashboard of the wallet it says "All BOINC projects exhausted" and Project: INVESTOR. I just want to verify that this is normal. Thanks!

[Quezacoatl]

Absolutely normal Netsoft (runs the BOINC statistics) needs some time to verify team and RAC changes.

Ah and, if the team change via boinc stats does not work (some projects do not copy the instructions from boincstats), go to the projects homepage and join Gridcoin manually.

Greets and welcome! Quez

Welcome to the team. I assume you installed the new GRC Research.

I've been using BOINC mainly for SETI@home since around 06-07. I finally installed Grid to use Boinc today (yea, I'm a bit slow to catch on - haha).

Glad to be a part, look forward to seeing what Gridcoin can do

Cheers!

Thanks! I did, yes. I'm actually trying to ascertain whether or not the wallet is working in conjunction with Boinc at this point. I've added myself to the gridcoin teams on boincstats.com, added my projects - but I don't know if I've done it correctly. I've went through the instructions, does it take some time for the settings to carry over?


Edit: Yeah, I think everything is fine. Reading up, it should take a few days for the team to be verified and my RAC to go up. When I list cpids it shows my projects and team "gridcoin" so that's fine, but on the dashboard of the wallet it says "All BOINC projects exhausted" and Project: INVESTOR. I just want to verify that this is normal. Thanks!

[spassbold]

What I do not fully understand is the point where "the company gives the created money back to the ecosystem" ? Do you mean an active action where the company buys Gridcoins with a certain share of their profit to push the price up?

What I think makes gridcoin such an interesting idea is the idea of commercial applications, where the computing power of gridcoin's miners is used to power computing intensive tasks like rendering or machine learning and thus the miner's get their reward in newly generated coins, but the computing service they offer to the app is for free, so those companies based on the gridcoin ecosystem can offer their services much cheaper and then give back to the gridcoin ecosystem.

There even exists already a distributed search engine (http://yacy.net/), just imagine a search engine being run by the mining of a cryptocurrency, which would be theoretically possible with gridcoin.

that is a question that is currently unanswered, the problem is basically "we have too much money, where to put it", because you generate money by offering the service but at the same time you also generate GRC which is the reward for the miner.

I would suggest that the company that can run profitably because of cheaper costs (free computing power) pays a part of its profit to the gridcoin company (at the moment Rob) that can then invest more time/money into developping the technology and make more projects.

[spassbold]

I've been using BOINC mainly for SETI@home since around 06-07. I finally installed Grid to use Boinc today (yea, I'm a bit slow to catch on - haha).

Glad to be a part, look forward to seeing what Gridcoin can do

Cheers!

Just a small note, I know you have the right client and everything, but calling it Grid is a little bit misleading as there is another scam coin, that does not have any new technology, out there with exactly the same name

[traderman]

I am running a Gridcoin Research Promotion.

0.001 BTC / 250 GRC Research for posting on other forums!

>>>>>> https://bitcointalk.org/index.php?topic=986083.0 <<<<<<<

[Quezacoatl]

Good idea traderman

[anonerd]

I am running a Gridcoin Research Promotion.

0.001 BTC / 250 GRC Research for posting on other forums!

>>>>>> https://bitcointalk.org/index.php?topic=986083.0 <<<<<<<

cool! you might want to include a restriction on forum topic, so that it relates to science at least.

[traderman]

I think most people like science, so most forums I think will be applicable. I think if I narrow it down to just science it might cut out a lot of potentially interested users.

I am running a Gridcoin Research Promotion.

0.001 BTC / 250 GRC Research for posting on other forums!

>>>>>> https://bitcointalk.org/index.php?topic=986083.0 <<<<<<<

cool! you might want to include a restriction on forum topic, so that it relates to science at least.

[anonerd]

I think most people like science, so most forums I think will be applicable. I think if I narrow it down to just science it might cut out a lot of potentially interested users.

I am running a Gridcoin Research Promotion.

0.001 BTC / 250 GRC Research for posting on other forums!

>>>>>> https://bitcointalk.org/index.php?topic=986083.0 <<<<<<<

cool! you might want to include a restriction on forum topic, so that it relates to science at least.

Even newcomers with a science background complain they don't see whether their setup is configured correctly.
Gridcoin as of now is a still a topic for geeks and setting up BOINC is complex and might end frustrating.
Without restriction, your promotion could end up in a forum of pet lovers between guides for Chihuahua nutrition.

[spassbold]

The last update now allows users to store data in the blockchain and then read it out from there again!

To quote Rob:

Gridcoin Research 3.3.9.8/23.1
Leisure Upgrade
 
- Removed one line of repetetive logging
- Added generic data storage system to block chain
- Added RPC commands : 'execute addkey', 'execute memorizekeys', 'execute listdata'
  Real World Examples:
  a. Storing a price for a smart contract (permanently in the chain):
     (Note that anyone can add generic data to the chain for 1grc - the proceeds go to the foundation node - each add charges a 1 grc fee)
     (If the data will be used by the coin for business purposes it will be done in a different manner - IE not through the public RPC - with the private key pair for security).
   Storing a price in the chain: 
  execute addkey add price grc .0000046
     (Note that this price can be updated with another command):
  execute addkey add price grc .0000045
     However, the last price in the highest block always contains the current state of the data.
     You may delete the value like this:
  execute addkey delete price grc .0000045
  The syntax for the command is:
  execute addkey [add or delete] [key type] [key name] [key value]
  (Data is stored permanently in the chain and is never physically erased).
 
  Note:  In this release you must manually execute a command to load the data values into the coin before you can list them in the rpc (in later versions this will be done automatically):
 
  execute memorizekeys
  To see the data for a specific data type:
  execute listdata [key type]
  So, to see the price above since it belongs to the "price" key type:
  execute memorizekeys
  execute listdata price
 
  Note: You can store data in any key type
 
  To see current whitelisted projects (Only dummy keys exist):
  execute listdata project
 
  ...
 
 
  Now a simple all in one example for those confused:
  execute addkey add price grc .0000046
  (wait for block to be accepted in tx list otherwise price is not changed)
  execute memorizekeys
  execute listdata price
  (This last command shows the price you changed... etc.)
   
 
  For RTM, the projects can be whitelisted or blacklisted using the following commands.  Note that an admin must have the boinc project admin key stored in the config file to modify system data:
  execute addkey add project milkyway 1
  (This adds milkyway to the whitelist; we will only need to modify the non case sensitive boinc project name - we can do away with the http:// URL)
  execute addkey delete project milkyway 1
  (This removes milkyway from the whitelist).
 
  Note that after a key is added you have to wait until the block is accepted by the network before you can do an "execute memorizekeys" in order for the values to be available.
 
- UPNP: Marix fixed some issues with UPNP and QR code generation.
- Dr Grid : ToolTips: we had a contribution to make the hover over tooltips on the overview look better, and change the font color for tooltips.
- Contribution: Timestamp for CSV mangitude report (list magnitudecsv)
- Marix: Change detectplatform and remove some files in Build process
- IceD: Change some Boost suffixes
- Marix : Change to Leder's upgrader
- Caraka:  Improved toolbar icon.

[traderman]

Those Pet-lovers may be computer geeks too. Every forum has an off-topic/chat section where people post all kinds of stuff. We need people to know about Boinc as well as Gridcoin. Most people in America and the developed world have no idea what Boinc is and they can contribute to science with their pc. We need to actually educated people on both, not just Gridcoin.

I think most people like science, so most forums I think will be applicable. I think if I narrow it down to just science it might cut out a lot of potentially interested users.

I am running a Gridcoin Research Promotion.

0.001 BTC / 250 GRC Research for posting on other forums!

>>>>>> https://bitcointalk.org/index.php?topic=986083.0 <<<<<<<

cool! you might want to include a restriction on forum topic, so that it relates to science at least.

Even newcomers with a science background complain they don't see whether their setup is configured correctly.
Gridcoin as of now is a still a topic for geeks and setting up BOINC is complex and might end frustrating.
Without restriction, your promotion could end up in a forum of pet lovers between guides for Chihuahua nutrition.