Bitcoin Forum
December 18, 2017, 07:14:02 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 [275] 276 »
  Print  
Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 570160 times)
TRexMcStubyArms
Member
**
Offline Offline

Activity: 70


View Profile
November 24, 2017, 01:58:47 PM
 #5481

No, because Bitcoin is all mined by ASIC that can ONLY do one specific crypto algorithm, and nothing else.

 In a more broad sense, the level of power consumption used by Bitcoin mining if it was applied to properly designed GPU rigs (don't build it as 1x PCI-E lane riser rigs for FAH) could generate a TON of work pointed at FAH or BOINC or the other less-well-known distributed science projects.





Exactly, and also why this project is so undervalued.  Think of the complex scientific problems that could be solved with tens of thousands of GPUs pointed at it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513624442
Hero Member
*
Offline Offline

Posts: 1513624442

View Profile Personal Message (Offline)

Ignore
1513624442
Reply with quote  #2

1513624442
Report to moderator
1513624442
Hero Member
*
Offline Offline

Posts: 1513624442

View Profile Personal Message (Offline)

Ignore
1513624442
Reply with quote  #2

1513624442
Report to moderator
1513624442
Hero Member
*
Offline Offline

Posts: 1513624442

View Profile Personal Message (Offline)

Ignore
1513624442
Reply with quote  #2

1513624442
Report to moderator
PeterTheGrape
Sr. Member
****
Offline Offline

Activity: 294


View Profile
November 24, 2017, 05:35:25 PM
 #5482

An aspect of crypto that some people are missing now.

Currency, ideally, is as directly connected to a commodity as possible for an honest economy.

If you are an apple seller and can use apples as money then there is little chance of a bad economy. All a derivative currency should do is iron out the instability, not utterly falsify the basis for the economy the way fiat does.

-

Bitcoin has no underlying commodity, aside from goodwill and snowflake ideals, which is good, I'm a winter person.

Some other coins, including GRC, monetize a commodity, computing power, that has the potential to strengthen markets in other commodities, as well as the other commodities themselves. There are "commodity" aspects to computing power that are significant in solving longstanding problems with other commodities.

-

Seems like if anybody, including a journalist discussing cryptocurrency for neophytes, wants to suggest a currency the smart choice would be a currency which has a long term value, i.e., that monetizes a supercommodity that will grow in importance.
lebitusa
Member
**
Offline Offline

Activity: 112


View Profile
November 27, 2017, 02:18:25 AM
 #5483

Great Chart Gallery of Gridcoin on BitScreener: https://bitscreener.com/coins/gridcoin/chart_gallery

My Favorite Coin News: CoinTelegraph.com
PeterTheGrape
Sr. Member
****
Offline Offline

Activity: 294


View Profile
November 27, 2017, 03:48:54 AM
 #5484

To be fair, in usd charts most coins have good technicals and btc charts are not as obviously pretty. We'll see.  Cheesy
CoinzCoinsCoinz
Newbie
*
Offline Offline

Activity: 8


View Profile
November 27, 2017, 06:24:49 PM
 #5485

Why won't this coins price increase in sats? Why?

I am so far underwater on this thing, I need there to be a big breakout, and SOON.

Until then I can only wonder......... WHAT HAPPENED TO MY MONEY!?!?!?!?!?!??!?!! MY MONEY!!!!!!!!!!!!!!!!!!!!!!! AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!
Tonisim
Full Member
***
Offline Offline

Activity: 140


FOREX IN CRYPTO FOR EVERYONE


View Profile
November 27, 2017, 06:28:45 PM
 #5486

Gridcoin Community Hangout #044

A massive shout out to the BeyondBitcoin community & @officialfuzzy for providing the Gridcoin community a room in their mumble server for free.



What is Gridcoin?
Gridcoin securely rewards BOINC computation on top of Proof of Stake. Reward allocation is distributed, not centralized unlike other distributed computing related cryptocurrencies.

https://steemit.com/gridcoin/@peppernrino/gridcoin-community-hangout-044

LH CRYPTO
FOREX IN CRYPTO FOR EVERYONE
WhitepaperTelegramBountyANNURL
cyberspacemonkey
Legendary
*
Offline Offline

Activity: 1036



View Profile
December 04, 2017, 03:05:07 AM
 #5487

No, because Bitcoin is all mined by ASIC that can ONLY do one specific crypto algorithm, and nothing else.

 In a more broad sense, the level of power consumption used by Bitcoin mining if it was applied to properly designed GPU rigs (don't build it as 1x PCI-E lane riser rigs for FAH) could generate a TON of work pointed at FAH or BOINC or the other less-well-known distributed science projects.





Exactly, and also why this project is so undervalued.  Think of the complex scientific problems that could be solved with tens of thousands of GPUs pointed at it.


I'm not sure how much GRC differs but there are some other supercomputing alts right now that may compete with Gridcoin like SONM and GOLEM but they don't contribute to Boinc projects yet.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                         [ Website ]                    
    
QuintLeo
Hero Member
*****
Offline Offline

Activity: 910


View Profile
December 04, 2017, 04:10:02 AM
 #5488

GOLEM will not be connected to BOINC at all - and as of the last time I checked it's still in the "testing" phase.

 It's also a different concept - it's a "pay to rent computing power" type setup, not a "compensate for work done" setup like GRC is.

cyberspacemonkey
Legendary
*
Offline Offline

Activity: 1036



View Profile
December 04, 2017, 04:24:51 AM
 #5489

GOLEM will not be connected to BOINC at all - and as of the last time I checked it's still in the "testing" phase.

 It's also a different concept - it's a "pay to rent computing power" type setup, not a "compensate for work done" setup like GRC is.



You're right, I guess for now GRC seems to be the only one that rewards the implementation of computing power that contributes to good causes so that it's not a complete waste of electricity.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                         [ Website ]                    
    
QuintLeo
Hero Member
*****
Offline Offline

Activity: 910


View Profile
December 04, 2017, 09:08:13 PM
 #5490

GRC isn't the only such coin - there is also CureCoin and FoldingCoin and a project that gives out a small amount of Doge for FAH work.
TO be fair, some of the work GRC rewards isn't actually scientific research - like the Moo Wrapper project - but most of it is.

Wealthway
Jr. Member
*
Offline Offline

Activity: 35


View Profile
December 06, 2017, 10:56:41 AM
 #5491

I sent Gridcoin from Poloniex to Biitrex, the first time I am transfering the coin, first I was shocked when I saw it requires 999 confirmations, now there are already 842 but for over 5 hours now, no more confirmations and it is already getting to 2 days, hope the coins is not lost in the process

This is the first time I am seeing a 999 confirmations requirements, is there anything I should do again?
ABitBack
Hero Member
*****
Offline Offline

Activity: 489



View Profile
December 06, 2017, 04:27:12 PM
 #5492

I can only see this coin going up very rapidly now that Bitcoin is getting Lightning Network making many alts useless, many alts only had a benefit of being cheaper to send transactions. LN now makes 80% of alts irrelevant.

ABitBack.com - Shutdown due to Shiftcode gross negligence Domain for sale PM if interested
QuintLeo
Hero Member
*****
Offline Offline

Activity: 910


View Profile
December 06, 2017, 07:55:15 PM
 #5493

999 confirms seems to be excessive - is that on the Bittrex end or the Poloniex end?
trumpman
Sr. Member
****
Offline Offline

Activity: 322


View Profile
December 06, 2017, 11:51:24 PM
 #5494

I can only see this coin going up very rapidly now that Bitcoin is getting Lightning Network making many alts useless, many alts only had a benefit of being cheaper to send transactions. LN now makes 80% of alts irrelevant.

Cool now go post the same to the rest of 80 % alt coins.
cyberspacemonkey
Legendary
*
Offline Offline

Activity: 1036



View Profile
December 07, 2017, 06:08:43 AM
 #5495

999 confirms seems to be excessive - is that on the Bittrex end or the Poloniex end?



I have had that happened to me at Polo multiple times. Their support is not very "supportive", sometimes it would be a day or two before a deposit even shows up as pending.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                         [ Website ]                    
    
ABitBack
Hero Member
*****
Offline Offline

Activity: 489



View Profile
December 07, 2017, 11:35:41 AM
 #5496

I can only see this coin going up very rapidly now that Bitcoin is getting Lightning Network making many alts useless, many alts only had a benefit of being cheaper to send transactions. LN now makes 80% of alts irrelevant.

Cool now go post the same to the rest of 80 % alt coins.
I think you may have read my comment wrong, or perhaps I worded it wrong or im reading your comment wrong lol. I'm saying GRC has a unique factor about it making it valuable unlike many alts which only had the 'cheaper than bitcoin' factor to them. So LN wiped 80% of alt coins selling point, GRC on the other hand is a coin still with a selling point. Other coins would be Monero, SONM and a few others.

ABitBack.com - Shutdown due to Shiftcode gross negligence Domain for sale PM if interested
trumpman
Sr. Member
****
Offline Offline

Activity: 322


View Profile
December 07, 2017, 11:45:32 AM
 #5497

I can only see this coin going up very rapidly now that Bitcoin is getting Lightning Network making many alts useless, many alts only had a benefit of being cheaper to send transactions. LN now makes 80% of alts irrelevant.

Cool now go post the same to the rest of 80 % alt coins.
I think you may have read my comment wrong, or perhaps I worded it wrong or im reading your comment wrong lol. I'm saying GRC has a unique factor about it making it valuable unlike many alts which only had the 'cheaper than bitcoin' factor to them. So LN wiped 80% of alt coins selling point, GRC on the other hand is a coin still with a selling point. Other coins would be Monero, SONM and a few others.

Yeah you are right I read hastily and wrong Sad my apologies
ABitBack
Hero Member
*****
Offline Offline

Activity: 489



View Profile
December 07, 2017, 12:40:48 PM
 #5498

I can only see this coin going up very rapidly now that Bitcoin is getting Lightning Network making many alts useless, many alts only had a benefit of being cheaper to send transactions. LN now makes 80% of alts irrelevant.

Cool now go post the same to the rest of 80 % alt coins.
I think you may have read my comment wrong, or perhaps I worded it wrong or im reading your comment wrong lol. I'm saying GRC has a unique factor about it making it valuable unlike many alts which only had the 'cheaper than bitcoin' factor to them. So LN wiped 80% of alt coins selling point, GRC on the other hand is a coin still with a selling point. Other coins would be Monero, SONM and a few others.

Yeah you are right I read hastily and wrong Sad my apologies

NP I know you're a GRC advocate like me Smiley my alt BrannigansLaw got hacked, the account I used to post here quite often from.

ABitBack.com - Shutdown due to Shiftcode gross negligence Domain for sale PM if interested
cyberspacemonkey
Legendary
*
Offline Offline

Activity: 1036



View Profile
December 08, 2017, 06:09:41 AM
 #5499

The price dropped so fast, but I guess at least it did moon even for a bit and that's something most altcoins aren't doing right now.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                         [ Website ]                    
    
TRexMcStubyArms
Member
**
Offline Offline

Activity: 70


View Profile
December 09, 2017, 04:07:32 AM
 #5500

The price dropped so fast, but I guess at least it did moon even for a bit and that's something most altcoins aren't doing right now.

 Shocked  You aren't kidding.  What in the hell happened?
Pages: « 1 ... 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 [275] 276 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!