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Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 576553 times)
berron
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October 28, 2015, 06:39:07 PM
 #4501

It is impossible to give any estimate on when!! It could be tomorrow or in a week. But when you get your next block, everything that you earned will be in it! That is how the RA system works. You will get everything earned since your last block. This system makes sure that the small guys get paid, the downside of course is that the small balance holders/magnitudes have to be patient. If you want to speed up the frequency of payments, you have to either get a bigger balance or increase your magnitude by doing more Boinc work.

Last time I got paid was October 22nd, how long until I get paid again with a POR weight of 2445 and a Magnitude of 125? I keep using "List RSA" but it doesn't say when next payout will be.
Im not sure about this, but the maximum reward per day doesn't put a limit in the maximun amount of GRC you can recieve when you find a block??
Thanks in advance.

Beware with ENT, shaddy things happen when try to mine it...
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October 28, 2015, 11:25:15 PM
 #4502

There is a maximum amount, but it is very very high, i think 50000.

So in practice it will be very very hard to get a magnitude high enough to get this, you would need a whole cluster of top PCs.
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October 29, 2015, 02:44:47 AM
 #4503

Is there a maximum amount of days we have to wait until we get paid again? or is this like Social security? am I going to have to wait until I'm 63 to retire on GRC payments  Grin


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bizz
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October 29, 2015, 03:00:02 AM
 #4504

Is there a maximum amount of days we have to wait until we get paid again? or is this like Social security? am I going to have to wait until I'm 63 to retire on GRC payments  Grin

LOL  The opposite: the older your coins get the higher the chance of payment. Cheesy

In client there should be green up arrow, hover mouse over it and you should see time estimate for staking a block. Leaving client open 24/7 improves your odds of getting it faster cause you might get lucky or/when difficulty drops. Also helps secure network.
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October 30, 2015, 06:12:05 AM
 #4505

Is there a maximum amount of days we have to wait until we get paid again? or is this like Social security? am I going to have to wait until I'm 63 to retire on GRC payments  Grin

LOL  The opposite: the older your coins get the higher the chance of payment. Cheesy

In client there should be green up arrow, hover mouse over it and you should see time estimate for staking a block. Leaving client open 24/7 improves your odds of getting it faster cause you might get lucky or/when difficulty drops. Also helps secure network.


At the bottom of my wallet POR payment says 23 hours but it's been saying that for about a week lol


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traderman
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October 30, 2015, 01:36:54 PM
 #4506

The #PiGrid kickstarter is up to $8,823 with 33 hours to go. Another $123 needed and this bad-boy is 100% funded!

https://www.kickstarter.com/projects/1014152641/pigrid-get-rewarded-for-helping-research-projects/comments
meyer
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October 30, 2015, 04:27:24 PM
 #4507

The #PiGrid kickstarter is up to $8,823 with 33 hours to go. Another $123 needed and this bad-boy is 100% funded!

https://www.kickstarter.com/projects/1014152641/pigrid-get-rewarded-for-helping-research-projects/comments


Good campaign. I bought my share.  :-)

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berron
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October 30, 2015, 04:43:57 PM
 #4508

The #PiGrid kickstarter is up to $8,823 with 33 hours to go. Another $123 needed and this bad-boy is 100% funded!

https://www.kickstarter.com/projects/1014152641/pigrid-get-rewarded-for-helping-research-projects/comments
Aaaaand it's done  Grin

Beware with ENT, shaddy things happen when try to mine it...
traderman
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October 30, 2015, 05:53:45 PM
 #4509

I wonder how long it will take them before the first shipments of the PiGrid start going out?

The #PiGrid kickstarter is up to $8,823 with 33 hours to go. Another $123 needed and this bad-boy is 100% funded!

https://www.kickstarter.com/projects/1014152641/pigrid-get-rewarded-for-helping-research-projects/comments


Good campaign. I bought my share.  :-)

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October 31, 2015, 02:23:13 AM
 #4510

I wonder how long it will take them before the first shipments of the PiGrid start going out?

The #PiGrid kickstarter is up to $8,823 with 33 hours to go. Another $123 needed and this bad-boy is 100% funded!

https://www.kickstarter.com/projects/1014152641/pigrid-get-rewarded-for-helping-research-projects/comments


Good campaign. I bought my share.  :-)



Gridcoin is going mainstream!  Grin


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ndrog
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October 31, 2015, 02:39:25 PM
 #4511

 I was dabbling with this coin in the past, due to its concept. Can you guys sum up the huge spike in market cap? Did I miss something?
Thanx Smiley

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traderman
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October 31, 2015, 04:19:45 PM
 #4512

That will take quite a bit of time, but the major updated was Research Age. And Gridcoin is no longer a Scrypt coin.

I was dabbling with this coin in the past, due to its concept. Can you guys sum up the huge spike in market cap? Did I miss something?
Thanx Smiley
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October 31, 2015, 04:27:17 PM
 #4513

That will take quite a bit of time, but the major updated was Research Age. And Gridcoin is no longer a Scrypt coin.

I was dabbling with this coin in the past, due to its concept. Can you guys sum up the huge spike in market cap? Did I miss something?
Thanx Smiley
I have been doing some research the past hour about the updates taking place and have also backed the project on Kickstarter Smiley . This has to be one of a few crypto's that has a long term future & noble cause. What about on the financial side of the coin, what are the plans regarding merchants and everyday banking etc? 

IMPRESSO
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October 31, 2015, 04:32:48 PM
 #4514

Holytransaction has added Gridcoin already and I would imagine that other merchants are probably going to add GRC in the future. Most of the discussion takes place here: https://cryptocointalk.com/forum/464-gridcoin-grc/ also check out the IRC chat: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin

That will take quite a bit of time, but the major updated was Research Age. And Gridcoin is no longer a Scrypt coin.

I was dabbling with this coin in the past, due to its concept. Can you guys sum up the huge spike in market cap? Did I miss something?
Thanx Smiley
I have been doing some research the past hour about the updates taking place and have also backed the project on Kickstarter Smiley . This has to be one of a few crypto's that has a long term future & noble cause. What about on the financial side of the coin, what are the plans regarding merchants and everyday banking etc? 
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October 31, 2015, 04:36:07 PM
 #4515

Holytransaction has added Gridcoin already and I would imagine that other merchants are probably going to add GRC in the future. Most of the discussion takes place here: https://cryptocointalk.com/forum/464-gridcoin-grc/ also check out the IRC chat: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin

That will take quite a bit of time, but the major updated was Research Age. And Gridcoin is no longer a Scrypt coin.

I was dabbling with this coin in the past, due to its concept. Can you guys sum up the huge spike in market cap? Did I miss something?
Thanx Smiley
I have been doing some research the past hour about the updates taking place and have also backed the project on Kickstarter Smiley . This has to be one of a few crypto's that has a long term future & noble cause. What about on the financial side of the coin, what are the plans regarding merchants and everyday banking etc? 

Thank you will visit links. Which forum is the most active regarding news and discussion?

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October 31, 2015, 05:34:29 PM
 #4516

The cryptocointalk one!

Holytransaction has added Gridcoin already and I would imagine that other merchants are probably going to add GRC in the future. Most of the discussion takes place here: https://cryptocointalk.com/forum/464-gridcoin-grc/ also check out the IRC chat: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin

That will take quite a bit of time, but the major updated was Research Age. And Gridcoin is no longer a Scrypt coin.

I was dabbling with this coin in the past, due to its concept. Can you guys sum up the huge spike in market cap? Did I miss something?
Thanx Smiley
I have been doing some research the past hour about the updates taking place and have also backed the project on Kickstarter Smiley . This has to be one of a few crypto's that has a long term future & noble cause. What about on the financial side of the coin, what are the plans regarding merchants and everyday banking etc? 

Thank you will visit links. Which forum is the most active regarding news and discussion?
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November 01, 2015, 02:57:39 AM
 #4517

Hey traderman I just found out that payout timeframe limit got changed from 14 days to 6 months  Huh so that means I'm going to have to wait months to get paid? my POS says interest won't be paid until 130 days and DPOR says 23 hours so is there any way to calculate how long it will take to receive payout?


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November 01, 2015, 11:59:05 AM
 #4518

Hey traderman I just found out that payout timeframe limit got changed from 14 days to 6 months  Huh so that means I'm going to have to wait months to get paid? my POS says interest won't be paid until 130 days and DPOR says 23 hours so is there any way to calculate how long it will take to receive payout?

No this won't influence the time needed until you get your reward.

Only that now the timeframe in which you need to be paid to not lose any payments becomes much bigger.

In regards to waiting very long to get your rewards, there will soon be a pool that will enable much more regular payment of rewards.
traderman
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November 01, 2015, 01:59:55 PM
 #4519

Cyberspacemonkey,

The 6 month period means that you will get paid for all boinc works done, before the period was only 14 days, so if you didn't stake a block within 14 days you would loose out. With the 6 month period you get paid for all boinc work!!! The estimate for staking on the wallet is a very very rough figure, which is very wrong most of the time. If you want regular payments, you will have to either increase your balance to get more interest blocks, or increase your magnitude by doing more Boinc work. 

Join the IRC chat. There are a lot of people on there that can answer just about any question you have.

Hey traderman I just found out that payout timeframe limit got changed from 14 days to 6 months  Huh so that means I'm going to have to wait months to get paid? my POS says interest won't be paid until 130 days and DPOR says 23 hours so is there any way to calculate how long it will take to receive payout?
Fitzy
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November 01, 2015, 02:22:16 PM
 #4520

Hey traderman I just found out that payout timeframe limit got changed from 14 days to 6 months  Huh so that means I'm going to have to wait months to get paid? my POS says interest won't be paid until 130 days and DPOR says 23 hours so is there any way to calculate how long it will take to receive payout?

Just so you know Cyberspacemonkey, I'm seeing exactly what you're seeing too.  So I've also been benefiting from the answers to your questions.

I started on Oct 25
My balance is under 200 coins (only what I've been able to get from faucets, I have not been paid for work yet)

My Total Credit is currently at: 279,565
My Recent Average Credit is currently at: 20,467.39
My Magnitude is now showing: 30.00

Estimated time to earn next reward: 288 days
Estimated time to earn POR reward: 23 hours (has said that for about a week now too)

So you're not alone.  Seems like this is just how it works.


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