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

[hossy]

like the look of this coin bit of volume on bittrex nice.

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[Lorenzo]

I've always considered Gridcoin to be one of the more interesting coins out there in the crypto world along with similar coins such as Curecoin and Foldingcoin although I admit I haven't been following it very closely recently. Recently the market cap seems to have shot up from $100,000 to $800,000 in the space of a month which is surprising. Anyway, just out of curiosity but why has the name changed on Coinmarketcap? It's now called Gridcoin Classic? Was there a fork?

EDIT: OK, so I read the wiki and it seems that the coin will be evolving to something more advanced called Gridcoin Research. The whole thing looks very complex though compared to the old model where you simply get rewards based on the no. of BOINC shares, although I understand the new design is superior, so it looks like I've got some reading to do.

[pallas]

I've always considered Gridcoin to be one of the more interesting coins out there in the crypto world along with similar coins such as Curecoin and Foldingcoin although I admit I haven't been following it very closely recently. Recently the market cap seems to have shot up from $100,000 to $800,000 in the space of a month which is surprising. Anyway, just out of curiosity but why has the name changed on Coinmarketcap? It's now called Gridcoin Classic? Was there a fork?

EDIT: OK, so I read the wiki and it seems that the coin will be evolving to something more advanced called Gridcoin Research. The whole thing looks very complex though compared to the old model where you simply get rewards based on the no. of BOINC shares, although I understand the new design is superior, so it looks like I've got some reading to do.

the reason of the market cap rise is the addition of gridcoin research to the exchanges, so it's fully launched now ;-)

[GreekBitcoin]

I am always intrigued by this coin and always too bored to research it more or maybe your marketing isnt that good.

Anyway, i have a few questions but please dont just tell me to read the wiki. At least tell me which page of the wiki to read.

1) First and most important question. I am only a CPU miner. Is there any research project that require only CPU power instead of GPU or at least GPUs dont have big advantage?
2) Is there any pool that i can do this without downloading BOINC or BOINC is a must?
3) I see two coins now. Classic and Research. I had some (very few) gridcoins. Are those obsolete now? Do i get Research coins with them? Should i have been staking them all that time? How do the economics of two coins work? I see the term obsolete, which means what?
4) Can you please show me the most critical posts others have write for gridcoin and how you do reply to those?

Thanks.

P.S. I dont want to buy the coin. I want to earn it by helping in research. Thats why i am hoping between primecoin, riecoin and gapcoin since i like coins that want to be useful.

[Lorenzo]

3) I see two coins now. Classic and Research. I had some (very few) gridcoins. Are those obsolete now? Do i get Research coins with them? Should i have been staking them all that time? How do the economics of two coins work? I see the term obsolete, which means what?

From what I've read, I believe that Research will ultimately be replacing Classic although the process won't be fully complete until April 2015.

The two resources I found most helpful were:

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

P.S. I dont want to buy the coin. I want to earn it by helping in research. Thats why i am hoping between primecoin, riecoin and gapcoin since i like coins that want to be useful.

I haven't heard of Gapcoin before. Will check it out.

[traderman]

1) http://gridcoin.us/Guides/whitelist.htm
2) Boinc is a must!
3) No, they are not obsolete. https://pool.gridcoin.us/CoinExchange.aspx Gridcoin classic must be sent to burn address from your own wallet, NOT exchange!!!
https://cryptocointalk.com/topic/18805-gridcoin-proof-of-research-burn-problem-thread-coin-exchange-issues/

I am always intrigued by this coin and always too bored to research it more or maybe your marketing isnt that good.

Anyway, i have a few questions but please dont just tell me to read the wiki. At least tell me which page of the wiki to read.

1) First and most important question. I am only a CPU miner. Is there any research project that require only CPU power instead of GPU or at least GPUs dont have big advantage?
2) Is there any pool that i can do this without downloading BOINC or BOINC is a must?
3) I see two coins now. Classic and Research. I had some (very few) gridcoins. Are those obsolete now? Do i get Research coins with them? Should i have been staking them all that time? How do the economics of two coins work? I see the term obsolete, which means what?
4) Can you please show me the most critical posts others have write for gridcoin and how you do reply to those?

Thanks.

P.S. I dont want to buy the coin. I want to earn it by helping in research. Thats why i am hoping between primecoin, riecoin and gapcoin since i like coins that want to be useful.

[Phantas]

Can my someone explain , why is my RAC 0
but verified RAC is: 33002 ? 



{
"Project" : "gpugrid",
"CPID" : "xxxxxxxxxxxxxxxxx",
"RAC" : 0.00000000,
"Team" : "gridcoin",
"Verified RAC" : 33002.00000000,
"Verified Team" : "gridcoin",
"Is my CPID Valid?" : false,
"CPID Link" : "http://boinc.netsoft-online.com/get_user.php?cpid=xxxxxxxxxxxxxxxxx",
"Errors" : "RAC too low"
},

[pallas]

Can my someone explain , why is my RAC 0
but verified RAC is: 33002 ? 



{
"Project" : "gpugrid",
"CPID" : "xxxxxxxxxxxxxxxxx",
"RAC" : 0.00000000,
"Team" : "gridcoin",
"Verified RAC" : 33002.00000000,
"Verified Team" : "gridcoin",
"Is my CPID Valid?" : false,
"CPID Link" : "http://boinc.netsoft-online.com/get_user.php?cpid=xxxxxxxxxxxxxxxxx",
"Errors" : "RAC too low"
},

try updating the project using the boinc client and the running "execute resetcpids"; if that doesn't work, try removing and readding the project.

[Phantas]

try updating the project using the boinc client and the running "execute resetcpids"; if that doesn't work, try removing and readding the project.

Thank you, it`s OK now.

[GreekBitcoin]

Thank you both for your answers!

2) Boinc is a must!

But that means that i should install boinc on every server right? I cant install it only on 1 server and somehow point the other severs to that 1 server. Because this is unfortunately not practical for me.

1) http://gridcoin.us/Guides/whitelist.htm

Cool! Many projects And out of the blue i learned about radioactiveathome.org! That is awesome since i wanted to build a geiger counter and now that i find this it only makes me to finally make it. I will research it more in April and hopefully i will indeed build one and use it

4) Can you please show me the most critical posts others have write for gridcoin and how you do reply to those?

Really, please give me something on this. Not the trolling or the idiotic stuff. Not what other fanboys write because they own another coin. But something serious and what is your response on that.     

[traderman]

#Gridcoin #Research block reward drops to 250 coins as of 03/02/15 Interest Rate Drops to 6%

Tweet: https://twitter.com/GridcoinNetwork/status/572814150742614017

http://wiki.gridcoin.us/Proof-of-Research#Proof-of-Research_Reward_Schedule

[CharlesIss]

I think its "listitem cpids" or "listitem validcpids"

[speedy1987]

How many coins are in existence right now?

(31 M ?)

There is writen in OP:
Total coins: ~168 million (est.) - Based on an average subsidy of 100 GRC per block...

What year are we talking about? 

[traderman]

GRC POR=   354602725.5382 from http://explorer.gridcoin.us/

How many coins are in existence right now?

(31 M ?)

There is writen in OP:
Total coins: ~168 million (est.) - Based on an average subsidy of 100 GRC per block...

What year are we talking about? 

[mariah]

hi,
 im new here
i have a question How can i send my credit to wallet, is that happens automatically?

[traderman]

Can you explain exactly what you mean?

hi,
 im new here
i have a question How can i send my credit to wallet, is that happens automatically?

[mariah]

need a little help setting up my Gridcoin Research mining.

I would like to use my running Boinc to get Gridcoin (not mine Gridcoin by GPU directly).

BOINC is up and running Leiden Classical, all working fine 3 days now
Now I installed the Gridcoin Research Wallet, entered my Boinc email address on first startup and edited the gridcoinresearch.conf file to make it find my Boinc installation.
?

[traderman]

You need to have coins already in your wallet to stake. how many coins do you have?

need a little help setting up my Gridcoin Research mining.

I would like to use my running Boinc to get Gridcoin (not mine Gridcoin by GPU directly).

BOINC is up and running Leiden Classical, all working fine 3 days now
Now I installed the Gridcoin Research Wallet, entered my Boinc email address on first startup and edited the gridcoinresearch.conf file to make it find my Boinc installation.
?

cpumining=true
email=myemailadres@live.nl
addnode=node.gridcoin.us
addnode=gridcoin.asia
UpdatingLeaderboard=false

do i need more in a conf. file?

to get credit to wallet ?

[mariah]

i have bought 2209 coins, it still has nothing to do with the stake? either?
I would like to use my running Boinc to get Gridcoin

[traderman]

Did you read this? http://wiki.gridcoin.us/Main_Page#Getting_Started

i have bought 2209 coins, it still has nothing to do with the stake? either?
I would like to use my running Boinc to get Gridcoin