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Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 554355 times)
lulla.by
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September 01, 2015, 02:42:18 PM
 #4341

I used to be a BOINC researcher a while ago Smiley
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September 01, 2015, 03:54:18 PM
 #4342

This is almost 3x what it is in the USA. I know gas is also much more expensive in Europe. Most vehicles just use natural gas for daily driving.

here as well... many countries in europe have such high electricity costs.
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September 02, 2015, 03:23:06 AM
 #4343

Morning, fellow krypto geeks. Nice initial response.

Don't know the the actual thingies-per-whatsit equation, but yeh, IMZ has picked up over time that electricity costs vary wildly from place to place, and Western Australia is expensive.

Thanks so much for your help. We gonna pop in in a couple months, and check things out again.

If we can do you guys a solid here in Oz, PM me.

Mark (IndiaMikeZulu), Australia

Groestl: Fa9Fo3YL6PFgJ7fySNEYyVJ3CpVEpMNboY
DASH: XuENXsgRPWv91uv3mDikoGsTMbp1Dw41w3
BTC: 1Po2hV4i9U4TEwXwVfcuFnBmrhHX4vwYjc
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September 02, 2015, 09:57:29 AM
 #4344

I used to be a BOINC researcher a while ago Smiley

Restart research, join team Gridcoin and eard GRC Smiley
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September 02, 2015, 10:00:09 AM
 #4345

WOW, 0.35 USD/kWh??? That is very very expensive.

Yeah, but the GRC price is rising. At least on Bittrex Smiley So the mining I do now will be worth it in the end!
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September 04, 2015, 06:06:31 AM
 #4346

We are getting closer to the inclusion of Research Age feature ! Smiley "It is 95% ready for the final tests"
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September 06, 2015, 05:10:45 PM
 #4347

Play Blackjack with your Gridcoin on Crypto-Games https://crypto-games.net/blackjack.aspx?coin=GRC

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September 08, 2015, 10:55:40 AM
 #4348

People totally new to the idea of cryptocurrency react very positive to the idea of Gridcoin Smiley :

https://www.reddit.com/r/SETI/comments/3juvjc/earn_gridcoin_for_participating_in_setihome_helps/

https://www.reddit.com/r/homelab/comments/3k059i/run_boinc_on_your_home_lab_offset_electricity/

Looks like we could recruit some new member from there!
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September 08, 2015, 12:32:25 PM
 #4349

People totally new to the idea of cryptocurrency react very positive to the idea of Gridcoin Smiley :

https://www.reddit.com/r/SETI/comments/3juvjc/earn_gridcoin_for_participating_in_setihome_helps/

https://www.reddit.com/r/homelab/comments/3k059i/run_boinc_on_your_home_lab_offset_electricity/

Looks like we could recruit some new member from there!

Upvoted!
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September 08, 2015, 01:39:22 PM
 #4350

Looks like the response was pretty good.

People totally new to the idea of cryptocurrency react very positive to the idea of Gridcoin Smiley :

https://www.reddit.com/r/SETI/comments/3juvjc/earn_gridcoin_for_participating_in_setihome_helps/

https://www.reddit.com/r/homelab/comments/3k059i/run_boinc_on_your_home_lab_offset_electricity/

Looks like we could recruit some new member from there!
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Are we there yet?


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September 09, 2015, 09:31:32 AM
 #4351

Gridcoin Research 3.4.9.8/MSI=30.3
Mandatory Upgrade - Not a Hard Fork
Mandatory Upgrade for TestNet
 
- Fixed exchange related memory pool problems and transaction commit problem
- (Advanced users only): Added list memorypool
  Shows any tx in the raw memory pool rejected by the stakeminer and the reason code
  Shows any tx included in the memory pool accepted by the stakeminer
- TestNet: Fixed checkblock error

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September 10, 2015, 07:52:14 PM
 #4352



EOBOT Cloudmining platform now supports mining for Gridcoin! https://www.eobot.com/grc

https://www.reddit.com/r/gridcoin/comments/3kfq8g/eobot_now_supports_gridcoin/
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September 11, 2015, 06:29:21 AM
 #4353

The price rises. 550 satoshis and more. Nice, but there is more to come.

Probably a kickstarter based on Gridcoin will be starting within the next days. More info is coming as soon as it starts.

On 1st October the new feature Research Age will be going live if everything runs as planned.

I think we are on the right track Cheesy
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September 11, 2015, 06:34:16 AM
 #4354

The price rises. 550 satoshis and more. Nice, but there is more to come.

Probably a kickstarter based on Gridcoin will be starting within the next days. More info is coming as soon as it starts.

On 1st October the new feature Research Age will be going live if everything runs as planned.

I think we are on the right track Cheesy


I'm looking forward for that. What kind of kickstarter is it? I'm curious.

regarding the price:  this is just a logic result of very hard work, top community engagement, super real word use and was foreseen to be honest.

I think Gridcoin can easily be seen as a top 10-15 Coin regarding the coinmarketcap which means a price increase from now 10x - 15x  is more than feasible.

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September 11, 2015, 01:03:29 PM
 #4355

Most people who hear of Gridcoin for the first time have a very positive reaction, so I would imagine when the rest of the world and the broader scientific community hears about it, the reaction would be similar. Top 10 on coinmarketcap should not be very difficult at all imho.

The price rises. 550 satoshis and more. Nice, but there is more to come.

Probably a kickstarter based on Gridcoin will be starting within the next days. More info is coming as soon as it starts.

On 1st October the new feature Research Age will be going live if everything runs as planned.

I think we are on the right track Cheesy


I'm looking forward for that. What kind of kickstarter is it? I'm curious.

regarding the price:  this is just a logic result of very hard work, top community engagement, super real word use and was foreseen to be honest.

I think Gridcoin can easily be seen as a top 10-15 Coin regarding the coinmarketcap which means a price increase from now 10x - 15x  is more than feasible.
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September 11, 2015, 02:13:22 PM
 #4356

I'm looking forward for that. What kind of kickstarter is it? I'm curious.

regarding the price:  this is just a logic result of very hard work, top community engagement, super real word use and was foreseen to be honest.

I think Gridcoin can easily be seen as a top 10-15 Coin regarding the coinmarketcap which means a price increase from now 10x - 15x  is more than feasible.

Be suprised, I will post a link in here ASAP Smiley

And yes. Well as Gridcoin does the most valueable "POW" (in combination with POS) and points the used electricity to various research fields so I truly believe we can do better than 10-15 in the coinmarketcap. And we have more than "just" the basic mining principle which is NOT wasting energy. We have incoin voting, we will have DAC support and god knows what else to come (and what Ive forgotten because I started with Gridcoin and never used something else, so some stuff might be just usual to me). We have a genious dev.
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September 13, 2015, 02:04:16 AM
 #4357

that's a great coin with a great idea and a great and amazing objective.
But also has a problem that never will have a big unit price: coin supply = more than 340 million.
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September 13, 2015, 05:48:01 AM
 #4358

that's a great coin with a great idea and a great and amazing objective.
But also has a problem that never will have a big unit price: coin supply = more than 340 million.


seems like a very unqualified post.

The coin supply itself has nothing to do with the Market Cap. And the price percentage increase has nothing to do with the coin supply.

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September 16, 2015, 09:08:54 AM
 #4359

Short report:

The price went up to 700 satoshis! Smiley

In a bit more than 14 days the next big mandatory upgrade will come introducing Research Age. The features of Research Age are
  • Support for hundreds of thousands of miners/researchers
  • No mining losses if you stake a block in 6 months(!). You will accrue "coin age" and Research Age over this long period (meaning how long did your coins not stake and how long have you researched a certain amount). Even if you do less research and have less coins than all others, you will eventually get paid because you accrue a huge "coin age" and Research Age. And then, with just one block, you will be fully paid, including interest!
  • No splitting of CPIDs is needed any longer. CPID means CrossProject Identifier within the BOINC network.
  • The maximum magnitude (percentage of research done related to all other research participants in BOINC-team Gridcoin, magnitude = payment indicator for Proof of Research payments) will be 20000 which will not be reached easily (if you reach it, you can still split CPIDs).
  • The last 2 features will reinforce the competition between researchers to get the highest magnitude which will encourage people to join BOINC-team Gridcoin, start researching/mining and use as much hardware as possible to get the highest rewards. Remember, you do not need extra hardware like ASICs although you CAN use them. You just need a computer, a mobile phone or even only a RaspberryPI to research and get rewarded in Gridcoin.

From my point of view, Research Age is the last missing part of the puzzle that enables unlimited growth of the Gridcoin ecosystem. The more researchers/miners we have the harder it will get to reach a certain magnitude/payment, the higher the price will rise and the more people get interested which will then lead to more researchers .... And so on!

I know this might sound trollo-like, but if you do not join now, you might miss your part of the pie! Smiley

Quez
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September 16, 2015, 12:55:27 PM
 #4360

Great summary Quez, I love the fact Research Age will allow the small players to stay in the game and let them get their slice of the pie. I think that is very important as it will allow newbies to join the community and not feel like they have missed out.

Short report:

The price went up to 700 satoshis! Smiley

In a bit more than 14 days the next big mandatory upgrade will come introducing Research Age. The features of Research Age are
  • Support for hundreds of thousands of miners/researchers
  • No mining losses if you stake a block in 6 months(!). You will accrue "coin age" and Research Age over this long period (meaning how long did your coins not stake and how long have you researched a certain amount). Even if you do less research and have less coins than all others, you will eventually get paid because you accrue a huge "coin age" and Research Age. And then, with just one block, you will be fully paid, including interest!
  • No splitting of CPIDs is needed any longer. CPID means CrossProject Identifier within the BOINC network.
  • The maximum magnitude (percentage of research done related to all other research participants in BOINC-team Gridcoin, magnitude = payment indicator for Proof of Research payments) will be 20000 which will not be reached easily (if you reach it, you can still split CPIDs).
  • The last 2 features will reinforce the competition between researchers to get the highest magnitude which will encourage people to join BOINC-team Gridcoin, start researching/mining and use as much hardware as possible to get the highest rewards. Remember, you do not need extra hardware like ASICs although you CAN use them. You just need a computer, a mobile phone or even only a RaspberryPI to research and get rewarded in Gridcoin.

From my point of view, Research Age is the last missing part of the puzzle that enables unlimited growth of the Gridcoin ecosystem. The more researchers/miners we have the harder it will get to reach a certain magnitude/payment, the higher the price will rise and the more people get interested which will then lead to more researchers .... And so on!

I know this might sound trollo-like, but if you do not join now, you might miss your part of the pie! Smiley

Quez
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