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

[sEpuLchEr]

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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[traderman]

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/

[Quezacoatl]

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

[alexius89]

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

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.

[traderman]

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

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.

[Quezacoatl]

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

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.

[EmilioMann]

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.

[alexius89]

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.

[Quezacoatl]

Short report:

The price went up to 700 satoshis!

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!

Quez

[traderman]

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!

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!

Quez

[sEpuLchEr]

Current GRC prices!

GRC/BTC - Bittrex: Last 0.00000675 Bid 0.00000679 Ask 0.00000696 Vol 3.48559266 | C-CEX: Last 0.00000684 Bid 0.00000648 Ask 0.00000699 Vol 1.70930844 | Poloniex: Last 0.00000690 Bid 0.00000653 Ask 0.00000690 Vol 0.75772273 | BTC/USD - BitcoinAverage: Last $230.69 Bid $230.62 Ask $230.76

[alexius89]

Current GRC prices!

GRC/BTC - Bittrex: Last 0.00000675 Bid 0.00000679 Ask 0.00000696 Vol 3.48559266 | C-CEX: Last 0.00000684 Bid 0.00000648 Ask 0.00000699 Vol 1.70930844 | Poloniex: Last 0.00000690 Bid 0.00000653 Ask 0.00000690 Vol 0.75772273 | BTC/USD - BitcoinAverage: Last $230.69 Bid $230.62 Ask $230.76

Price Is rising constantly and smooth. The 1000 satoshi are passed within a few hours i assume.

People are looking forward for the new feature.  Some bigger exchange such as Bter and Crypsy do have an eye on Gridcoin. Let's see how things will develop..

[A L I E N]

Price Is rising constantly and smooth. The 1000 satoshi are passed within a few hours i assume.

People are looking forward for the new feature.  Some bigger exchange such as Bter and Crypsy do have an eye on Gridcoin. Let's see how things will develop..

Both Poloniex and Bittrex have become bigger than cryptsy and bter these days.  It would be great to get on a Chinese exchange like btc38 or jubi though.

http://coinmarketcap.com/exchanges/volume/24-hour/

[alexius89]

Price Is rising constantly and smooth. The 1000 satoshi are passed within a few hours i assume.

People are looking forward for the new feature.  Some bigger exchange such as Bter and Crypsy do have an eye on Gridcoin. Let's see how things will develop..

Both Poloniex and Bittrex have become bigger than cryptsy and bter these days.  It would be great to get on a Chinese exchange like btc38 or jubi though.

http://coinmarketcap.com/exchanges/volume/24-hour/

you are right, thanks for the link

[Quezacoatl]

Please retweet

https://twitter.com/TobiBecke/status/644448572272975873

[sEpuLchEr]

Please retweet

https://twitter.com/TobiBecke/status/644448572272975873

Retweeted.

[traderman]

Done! I wonder who is doing all this buying, I doubt it is all from Eobot.

Please retweet

https://twitter.com/TobiBecke/status/644448572272975873

[traderman]

I would agree with that statement. Poloniex has P2P lending now and is probably the #1 altcoin exchange these days.

Price Is rising constantly and smooth. The 1000 satoshi are passed within a few hours i assume.

People are looking forward for the new feature.  Some bigger exchange such as Bter and Crypsy do have an eye on Gridcoin. Let's see how things will develop..

Both Poloniex and Bittrex have become bigger than cryptsy and bter these days.  It would be great to get on a Chinese exchange like btc38 or jubi though.

http://coinmarketcap.com/exchanges/volume/24-hour/

[sEpuLchEr]

What.... is going on???

GRC/BTC - Bittrex: Last 0.00000935 Bid 0.00000900 Ask 0.00000936 Vol 7.50251542 | C-CEX: Last 0.00000941 Bid 0.00000935 Ask 0.00000941 Vol 6.03800252 | Poloniex: Last 0.00000919 Bid 0.00000891 Ask 0.00000919 Vol 2.69795442 | BTC/USD - BitcoinAverage: Last $232.37 Bid $232.28 Ask $232.49

[alexius89]

What.... is going on???

GRC/BTC - Bittrex: Last 0.00000935 Bid 0.00000900 Ask 0.00000936 Vol 7.50251542 | C-CEX: Last 0.00000941 Bid 0.00000935 Ask 0.00000941 Vol 6.03800252 | Poloniex: Last 0.00000919 Bid 0.00000891 Ask 0.00000919 Vol 2.69795442 | BTC/USD - BitcoinAverage: Last $232.37 Bid $232.28 Ask $232.49

This about the exact price from 2 years ago when GRC was not on an exchange this time.  We sold and bought coins directly via BCT thread and excel sheet.

The price at the moment is not surprising at all.