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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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QuintLeo
Legendary
 Offline
Activity: 1498
Merit: 1030
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June 06, 2017, 10:59:16 PM |
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Vortac does get one thing wrong in that article. The GIMPS project (Great Internet Mersenne Prime Search) of Prime95 fame predates SETI by about 2 years - founded in 1996 vs. SETI in 1998. The Distributed.net project predates SETI@Home as well (founded in early 1997), and was a replacement for an earlier project dating to 1996. SETI was NOT the first "use volunteers to do computation on their "spare" CPU cycles" project, nor is it the longest-lasting - both GIMPS and D.Net are still active (reference the Moo Wrapper and YOYO projects for GRC links to D.Net). SETI@Home did better "marketing" though and got a lot more widely known than any other distributed-type project - it MIGHT still be the most widely known such project, though I suspect Folding@Home may have passed it. Vortac's article applies better in some respects to Folding@Home and CURE/FLDC than it does to GRC, as a lot of GRC-supported work isn't involved in finding cures (Vortac himself, for example, is a major contributor to the Milkyway project, while I personally am a major Moo Wrapper contributor). |
I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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Vortac
Newbie
Offline
Activity: 36
Merit: 0
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June 07, 2017, 10:02:34 AM |
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QuintLeo is right, I am aware of both Distributed.net and Prime95, they launched well before SETI@home.
But today, miners and potential investors aren't interested in such details - you can't present the whole history of distributed computing in only one paragraph and even if you did, most people would find it boring. The point is: Gridcoin can change the world, unlike any other crypto. Of course, there's also Curecoin and Folding@home, I support them both, I would upvote their content, but their presence on Steemit is unfortunately very weak.
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mkmdoc
Sr. Member
Offline
Activity: 658
Merit: 251
VIMee - Social Network
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June 07, 2017, 10:37:12 AM |
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After many years in the market still, why GRC cannot able to secure it's the highest mark in the market. Is there any technical problems behind it like Dev is not working in the background. Already it should play some significant role in crypto market.
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BrannigansLaw
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June 07, 2017, 12:24:32 PM |
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After many years in the market still, why GRC cannot able to secure it's the highest mark in the market. Is there any technical problems behind it like Dev is not working in the background. Already it should play some significant role in crypto market.
Development is more so than ever, it's just gridcoin hasn't been marketed much and when it has it's been trying to reach users already using BOINC, so anyone donating their computational power can get paid. I know its not so much 'donating' now but if Gridcoin can get more users using boinc via the incentive, then it can only be a better thing for humanity. Anyone who actually reads up on Gridcoin is amazed and does ultimately invest, but yes does wonder why it's not in the top 10 and thats because advertising was aimed at boinc users, not so much now though. This coin will explode to the top. |
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Bytecoiner419
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June 08, 2017, 05:02:26 AM |
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I have got some gridcoin's years ago and I am now getting more active to help this community to grow. I am currently working to get GRC added to http://faucethub.io (the internet's biggest faucet host/microwallet service!) If they add GRC then it will instantly open up the widespread use of GRC in sites like faucets, game sites, ad networks, gambling and much more! I will post here as soon as it gets added. (if it gets added)  |
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ndrog
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June 08, 2017, 05:21:59 AM |
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I have got some gridcoin's years ago and I am now getting more active to help this community to grow. I am currently working to get GRC added to http://faucethub.io (the internet's biggest faucet host/microwallet service!) If they add GRC then it will instantly open up the widespread use of GRC in sites like faucets, game sites, ad networks, gambling and much more! I will post here as soon as it gets added. (if it gets added) Much Appreciated for doing this.  |
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trumpman
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June 08, 2017, 05:57:41 AM |
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I have got some gridcoin's years ago and I am now getting more active to help this community to grow. I am currently working to get GRC added to http://faucethub.io (the internet's biggest faucet host/microwallet service!) If they add GRC then it will instantly open up the widespread use of GRC in sites like faucets, game sites, ad networks, gambling and much more! I will post here as soon as it gets added. (if it gets added) is there something we can do to help? like voting or whatever? |
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dtacken
Newbie
Offline
Activity: 45
Merit: 0
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June 09, 2017, 03:53:33 PM |
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I think Gridcoin has a lot of potential. Because of that I have invested in it.  |
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jhkmjnhamster
Member
Offline
Activity: 116
Merit: 101
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June 10, 2017, 02:05:21 PM |
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There is a lot of potential in this currency.
It can give a great benefit to the world.
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trumpman
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June 10, 2017, 05:29:15 PM |
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And we just passed 8 cents. Moon landing successful. Next stop, Mars!
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BrannigansLaw
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June 10, 2017, 10:04:40 PM |
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Any hardware wallets that can store gridcoin? I've not bought one yet, but was thinking about it.
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reffi
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June 11, 2017, 03:10:34 AM |
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So $1 GRC is $390 million cap, just right above DOGE coin at 18th place?! Totally possible in my opinion!
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trumpman
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June 11, 2017, 04:10:55 AM |
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just passed 9 cents  |
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Bytecoiner419
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June 11, 2017, 06:31:33 AM |
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I have got some gridcoin's years ago and I am now getting more active to help this community to grow. I am currently working to get GRC added to http://faucethub.io (the internet's biggest faucet host/microwallet service!) If they add GRC then it will instantly open up the widespread use of GRC in sites like faucets, game sites, ad networks, gambling and much more! I will post here as soon as it gets added. (if it gets added) is there something we can do to help? like voting or whatever? no, I don't want to bother the admin like that but I will try my best to help advance this great coin and community. Thanks for the offer BTW, I voted for you LoL |
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Fabrizio89
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June 11, 2017, 09:05:12 AM |
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Is there a calculator to see how much I would mine per day? I have a rx 480 and Ryzen 1600
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Irlasos
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June 11, 2017, 10:31:15 AM |
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It's not as easy as other coins to find how many coins you can mine each day, because gridcoin remunerate work done from lot of differents projects. You can have recommendations for choosing a project in the official website (scroll down): http://gridcoin.us/Also there was Katiee's GRC Magnitude/Earnings Calculator, but I don't no how it work because it seems to don't work since several weeks (or more). So you need to test yourself some projects. If there is some more accurate datas about optimised hardware for each project, I'm interested too. |
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Rogerdale
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June 11, 2017, 12:30:58 PM |
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So $1 GRC is $390 million cap, just right above DOGE coin at 18th place?! Totally possible in my opinion!
I think people just don't understand the difference between Gridcoin and Golem. In Golem those who need computing power will rent this computing power and pay in GNT tokens. In Gridcoin all rewards come from newly generated coins. Therefore in Golem there will always be strong demand for tokens where in Gridcoin miners always have incentives to sell their coins on the market. I can agree that we need Gridcoin project and it is a good project, but be careful and don't follow the pump blindly. |
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PeterTheGrape
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June 11, 2017, 01:49:27 PM |
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So $1 GRC is $390 million cap, just right above DOGE coin at 18th place?! Totally possible in my opinion!
I think people just don't understand the difference between Gridcoin and Golem. In Golem those who need computing power will rent this computing power and pay in GNT tokens. In Gridcoin all rewards come from newly generated coins. Therefore in Golem there will always be strong demand for tokens where in Gridcoin miners always have incentives to sell their coins on the market. I can agree that we need Gridcoin project and it is a good project, but be careful and don't follow the pump blindly. It's kind of like the difference between fiat and crypto. Or between open source and corporate. Each person should decide which they prefer. |
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