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Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 597301 times)
spassbold
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June 13, 2016, 02:38:37 PM
 #4681

Not trolling, but I'm trying to understand the monetization of this coin. I'm looking to make a big investment in GRC as I very much like that the energy expended serves a useful purpose, but I can't understand what drives the "value" of this coin. Is it just remittance with a side effect of PoW benefit? Or is there an intention to have projects "purchase/rent" CPU time on the network through some sort of portal (using the tokens/coins for the chain)? I understand there is a BOINC white list, and that is great, but is it still "free" like Seti@home? Clearly folks are willing to donate free cpu time historically to scientific projects, but beyond remittance I don't see what would drive value for this coin at that point. If remittance is your use case, there are a lot of other block chains with more momentum and visibility. Just trying to wrap my head around this project, sorry for all the questions.

What you propose, commercial projects, that rent the computing power of the Gridcoin network, will be the end game of Gridcoin.

If this is achieved, each Gridcoin has an intrinsic value, the amount of computing power given to the useful/commercial project needed to create this coin.

The first project as mentioned by traderman is Gridcoin Finance, that uses the computing power of the Gridcoin network to run finance simulations to find the best options/combination of options to trade.

This is the project of the developer of Gridcoin himself, so this has very high priority.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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spassbold
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June 13, 2016, 04:03:04 PM
 #4682

also check out the forum thread about Gridcoin Finance: https://cryptocointalk.com/topic/11357-gridcoin-finance-project/
(or the rest of the forum for Gridcoin itself)
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June 13, 2016, 04:26:39 PM
 #4683

Need more positive information about grc, then just praying for the next great coin
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June 14, 2016, 10:33:36 AM
 #4684

Hey folks!

New wallet update is out! Version 3.5.6.7
Hopefully it will fix the syncing problems...

Greetings, djoser.

Why mine when you can research? - GRIDCOIN - REAL cryptocurrency without wasting hashes! https://gridcoin.us
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June 14, 2016, 10:35:23 AM
 #4685

Is this project still in development? Is there a beta wallet?

Radix - just imagine
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June 14, 2016, 01:11:10 PM
 #4686

It's been in development since the beginning and it's getting better with every release.

Is this project still in development? Is there a beta wallet?
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June 14, 2016, 02:32:53 PM
 #4687

Is this project still in development? Is there a beta wallet?

Gridcoin Wallet for Windows:
http://download.gridcoin.us/download/downloadstake/GridcoinResearch.msi
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June 15, 2016, 03:13:01 PM
 #4688

How long will it take to update the cpid from investor to my number,  the Wallet and bionc has been running
 and how to I send a beacon ?

CPID: Just put your boinc cpid into the gridcoinresearch.conf.
PrimaryCPID=YOUR CPID

Beacon: You need to FULLY unlock your wallet with your passphrase (remove the checkbox "staking coins only") and wait.
Or you can send beacon manually: Open the debug window and navigate to the console tab. Then enter: execute advertisebeacon force
That should do it.

Greetings, djoser.

Why mine when you can research? - GRIDCOIN - REAL cryptocurrency without wasting hashes! https://gridcoin.us
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June 15, 2016, 03:56:10 PM
 #4689

Please go to:
http://www.gridcoin.us/Guides/boinc-install.htm
and follow all 4 steps.

If you need further help here you can find additional information:

https://cryptocointalk.com/forum/464-gridcoin-grc/
and
https://www.reddit.com/r/gridcoin

Regards, djoser.

Why mine when you can research? - GRIDCOIN - REAL cryptocurrency without wasting hashes! https://gridcoin.us
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June 24, 2016, 09:10:22 PM
 #4690

I really like gridcoin and the development behind it but I am struggling to understand the different investment modes. Which one should I use if I only have a small amount of coins ?

 
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spassbold
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June 25, 2016, 11:05:38 AM
 #4691

What do you mean investment modes?

Do you mean modes of mining as in solo mining vs pool mining?

Then there is a good overview on gridcoin.us
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July 06, 2016, 05:23:34 AM
 #4692

Glad to see this project still rolling.
what is current development please?
cryptonit
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July 06, 2016, 08:53:25 AM
 #4693

i choose to add gridcoin to my crypto portfolio
i see it traded undervalued with low inflation some POS income and great possibilities in the future

fit perfect to my crypto investment style

 
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Conqueror
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July 06, 2016, 09:40:27 AM
 #4694

i choose to add gridcoin to my crypto portfolio
i see it traded undervalued with low inflation some POS income and great possibilities in the future

fit perfect to my crypto investment style

Good taste man, good taste.
I really like your picks.
traderman
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July 06, 2016, 03:02:06 PM
 #4695

You can also earn some extra GRC by posting on these blog posts: https://bitcointalk.org/index.php?topic=1504227.0
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July 09, 2016, 10:15:15 PM
 #4696

Uncertain days for the altcoins. GRC is feeling the effects, but I believe that will stabilize soon.
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July 16, 2016, 02:00:51 PM
 #4697

Feel this coin is well under priced. Grabbed myself a bag full at 844 sat. Will hold.
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July 16, 2016, 03:27:17 PM
 #4698

Feel this coin is well under priced. Grabbed myself a bag full at 844 sat. Will hold.

good buy imo
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August 09, 2016, 04:00:57 AM
 #4699

https://i.imgur.com/l6hQyaH.png

Any help with this error thats been plaguing me for two days?

spassbold
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August 16, 2016, 06:05:51 PM
 #4700

You can solve this problem by going to AppData/Roaming/GridcoinResearch, then backup the wallet.dat and config (you should back them up anyway), then delete everything in that folder and put the wallet and config back in. Restart and it should work again.
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