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

[traderman]

Grcx has to be switched to the new GRC by the end of April, otherwise you will loose them.

1) is there a save paper wallet for GRC ?
2) If there will be updates in the client- will the GRC on my paperwallet always be valid?   
3) If I had some GRCX in a paperwallet the would still be valid? ... I suppose not.

Thx

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[BitcoinForumator]

Poloniex will do the conversion for those that have GRC there, right?

[traderman]

No they won't! You have to do it from your own wallet.

Poloniex will do the conversion for those that have GRC there, right?

[Quezacoatl]

You can follow this page to convert your old Gridcoin classic (GRCX) to the new Gridcoin research (GRC):

https://pool.gridcoin.us/CoinExchange.aspx

Quez

[spassbold]

The main forum for gridcoin is by the way here:

https://cryptocointalk.com/forum/464-gridcoin-grc/

This thread on bitcointalk is relatively unused, most of the important discussions are on cryptocointalk.

[Quezacoatl]

The first post in this thread has been updated!

[pallas]

The first post in this thread has been updated!

Great, thanks! Let's keep this thread busy ;-)

[spassbold]

Gridcoin has been upgraded announcing:

Gridcoin-Research

[GRC]

Why mine when you can research?

Advancing science, mathematics, technology, and understanding the world around us.

A secure blockchain developed on the philosophy of benefiting humanity.

Proof-of-Work algorithms have been criticized for wasting energy on meaningless equations in the mining process and for centralizing transaction processing by encouraging a specialized hardware arms race. Gridcoin introduces a Proof-of-Research algorithm that gives computers something productive to do. Instead of racing to solve meaningless equations, Gridcoin miners Researchers work on problems such as finding cures to diseases, mapping genomes, or climate studies, and are compensated for the work they do.  

Gridcoin rewards you for doing real work. Our goal is to divert computing power from wasteful hashing to productive computing, creating a supercomputing cluster that supports all kinds of scientific investigation and technology development. Access to supercomputers has traditionally been restricted to large research universities and corporations. By creating a large network of computing devices, complex computations once out of reach for most researchers are now possible. The Berkeley Open Infrastructure for Network Computing (BOINC), an open computing platform that supports all kinds of hardware and adapts as technology changes, has been providing distributed supercomputing since 2002, but until now the network was limited to those willing to contribute their resources on a volunteer basis. A few cryptocurrencies have attempted to create a compensation mechanism to increase participation in research, such as Ripple, Curecoin, and Research Support Coin, but these have used a centralized model for determining reward distribution and selecting research topics. Gridcoin lets you decide what to research, and pays you for your research.

Gridcoin is built on top of BOINC and is not limited to any one program, algorithm, or type of hardware. BOINC supports Windows, Mac OS X, Linux, and Android. You don't need special hardware to participate and earn rewards for your contributions to research — the computer you use for a few hours every day can contribute to CPU-based scientific projects when you aren't using it, and you won’t waste electricity competing with GPUs or ASICs for rewards. Those with special GPU mining rigs can also participate in projects designed specifically for parallel computations and you don't have to worry about losing your ROI to the next generation of ASICs.  There are currently over 30 different projects available, each with its own hardware needs — some need CPUs, some need GPUs, and some need sensors. The diversity of hardware supported makes it possible to contribute to the network with almost any device, making it more secure and minimizing the centralization of mining power.  

The reward system is designed to pay you in the same way as a pay-per-share mining pool, so you are rewarded fairly based on the work you do — not by how fast you can solve a block. The devices you can use to contribute to scientific research through BOINC include CPU, GPU, Android, R-Pi, and ASICs, with more being added all the time.  

We ask for the community to join us as volunteers, developers, investors, and evangelists seeking to enable a fundamentally different paradigm for the blockchain and the benefits to humanity it can produce.

Real world results

World Community Grid
http://www.youtube.com/embed/eKVtC7rJ438?wmode=opaque
World Community Grid distributes millions of small data-based computer-based experiments to thousands of volunteers' devices. It gathers the results and sends them back to researchers, who interrogate the data for patterns, getting them closer to those world-changing results - faster. Since it began, volunteers have helped scientists to complete thousands of years' work in a few short years. World Community Grid has enabled scientific breakthroughs in cancer treatment and solar energy research. Our research partners have published over 35 articles in peer-reviewed scientific journal based on research conducted on World Community Grid, advancing knowledge in health, poverty and sustainability.

Rosetta@Home
Determining the 3-dimensional shapes of proteins in research that may ultimately lead to finding cures for some major human diseases. By running the Rosetta program on your computer while you don't need it you will help us speed up and extend our research in ways we couldn't possibly attempt without your help. You will also be helping our efforts at designing new proteins to fight diseases such as HIV, Malaria, Cancer, and Alzheimer's.  View disease related work: http://boinc.bakerlab.org/rosetta/rah_medical_relevance.php

POEM@home
The project intends to study how protein structure determines protein function, predict a protein's structure from its amino acid sequence, investigate how proteins interact with each other and understand how malfunctioning proteins can cause sickness. The resulting knowledge can then be used in the development of medical treatments.

30+ more projects covering areas of Science, Technology, Mathematics, Materials, Space Exploration and much, much more!


Parameters
     Algorithm: Proof-of-Research, Reward based on Research contribution to BOINC secured via Proof-of-Stake
     Block time: 90 Seconds
     0% pre-mine: Longest distribution schedule for any Proof-of-Stake based coin with an 18 month initial distribution based on Gridcoin Classic
     Initial Supply: 340,569,880 http://wiki.gridcoin.us/Proof-of-Research_Genesis_Block
     Inflation:  Inflation target of approximately 3% per year after November 2015
     For more info see Gridcoin Research Reward Calculation http://wiki.gridcoin.us/Proof-of-Research#Proof-of-Research_Reward_Schedule

New official website coming soon

www.gridcoin.us

Downloads/Source
     Github Source: https://github.com/gridcoin/Gridcoin-Research
     Repo Source: https://launchpad.net/gridcoin
     Windows MSI: http://download.gridcoin.us/download/downloadstake/GridcoinResearch.msi

Tutorials:
     ***Note: If you are setting the wallet up to mine research setup BOINC first***
     Windows: http://wiki.gridcoin.us/Mining_setup
     Linux: http://wiki.gridcoin.us/Linux_guide
     OSX: http://wiki.gridcoin.us/OS_X_Guide

BOINC Resources:
     BOINC Account Manager (BAM) setup guide: http://boincstats.com/en/bam/
     Network RAC Report & Active Whitelist: http://gridresearchcorp.com/gridcoin/?whitelist
     Project hardware & software compatibility: http://wiki.gridcoin.us/Current_BOINC_Whitelist

Exchanges:
     C-Cex: https://c-cex.com/?p=grc-btc
     Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-GRC

     ***Please note that Poloniex still lists Gridcoin-Classic under the Ticker GRC
     ***Please note that C-Cex lists Gridcoin-Classic under the Ticker GRCX

     Instant Classic to Research conversion: https://c-cex.com/?p=grc-grcx

Block Explorers:
     http://gridresearchcorp.com/gridcoin/
     http://explorer.gridcoin.us/
     http://pool.gridcoin.us/BlockExplorer.aspx

Other Resources/Further Information:
     Wiki: http://wiki.gridcoin.us
     Paper Wallet Generator: http://walletgenerator.net/?currency=Gridcoin
     Profitability Calculator: http://pool.gridcoin.us/ProfitabilityCalculator.aspx
     Gridcoin-Classic Burn: http://pool.gridcoin.us/Login.aspx
     Whitepaper GRC-Classic: http://www.gridcoin.us/images/gridcoin-white-paper.pdf
     Whitepaper BOINC hash: http://finance.gridcoin.us/images/BoincHashingAlgorithm.pdf


Forums/social media:
     Official Forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
     BCT Thread: https://bitcointalk.org/index.php?topic=324118.0
     Twitter: https://twitter.com/GridcoinNetwork
     Reddit: http://www.reddit.com/r/gridcoin
     Reddit (ru): http://www.reddit.com/r/russiangridcoin
     Facebook: https://www.facebook.com/gridcoins
     IRC: #gridcoin on Freenode or https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
     Stumble Upon: http://www.stumbleupon.com/stumbler/jasons222222/likes/interest/gridcoin

Charts/Analytics
     Coinmarketcap: http://coinmarketcap.com/currencies/gridcoin/
     CoinGecko: https://www.coingecko.com/en/coins/gridcoin
     GRC Magnitude: http://grcmagnitude.com
     Blockchain Charts: http://gridresearchcorp.com/gridcoin/?charts&lb=500
     Github contribution: https://github.com/gridcoin/Gridcoin-Research/graphs/contributors
     Team Gridcoin BOINC Stats: http://boincstats.com/en/stats/-1/team/detail/118094994/overview



======================================================================================================================
! Important News !
======================================================================================================================

Gridcoin Classic remains in effect during conversion:
v.2.1.5.7-retirement/MSI v.16.0:

Instructions: Windows MSI @ http://download.gridcoin.us/download/gridcoin.msi

Classic Reward Schedule:
   Block Height 1-199000: (IE From 10-20-2013 through 10-20-2014):
      Max Reward:  150 + fees, based on boinc participation
   Block Height: 199000 through 285400:
      Max Reward: 10 + fees, based on Scrypt Mining only
   Block Height > 285400 (Approx Mar 30 2015):
      Max Reward: .1 + fees, based on Scrypt Mining Only (This is when coin burning ends)

* Note, this upgrade includes a high security feature that ensures coins being exchanged for POR originate from this new client.
* All users and exchanges, please upgrade, as the old version is now deprecated and will not work after 10/20/2014.

Quoting the new ANN so that people that come directly here can also see it.

[traderman]

Nice post, maybe we should just start a new thread for POR-GRC? Should I start one?

[Quezacoatl]

@ traderman:
Then this one should be closed Scattering information should be avoided.
And please double check the Announcement on actuality of information (like poloniex listed GRCX as GRCX now, paper wallet generator not working for GRC yet etc.) and actuality of links.
When you post it, Ill also review it!

Quez

EDIT: And this thread should be renamed to "...GRCX ..."

[traderman]

Maybe we should just ask Rob, and see what he says?

@ traderman:
Then this one should be closed Scattering information should be avoided.
And please double check the Announcement on actuality of information (like poloniex listed GRCX as GRCX now, paper wallet generator not working for GRC yet etc.) and actuality of links.
When you post it, Ill also review it!

Quez

[Quezacoatl]

Sure, maybe he should open the new thread. He should get all the credit for GRC

[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.

[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!