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

[QuintLeo]

Is Egnima@Home still on the whitelist? I have been running this project for a little while with no coins?

 Current poll is "should Enigma be re-whitelisted", so it would appear that "no" is the answer at this time.

[1713881369]

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[1713881369]

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[1713881369]

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[Metros]

Is there any benefit for the average user that simply hold Gridcoin in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

[trumpman]

Is there any benefit for the average user that simply hold Gridcoin in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

I answered this like two posts above. 1.5 % interest per year.

[Metros]

Is there any benefit for the average user that simply hold Gridcoin in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

I answered this like two posts above. 1.5 % interest per year.

You said investing. investing in what, the coin?

I meant in details, I am trying to figure out how to get this interest.

Do I need to keep it on my wallet? is there any other method?

Any minimum amount of coins needed?

[Vortac]

www.gridcoin.us website updated:

https://steemit.com/gridcoin/@cm-steem/upgraded-the-gridcoin-us-website-w-help-from-barton26-and-peppernrino

[trumpman]

Is there any benefit for the average user that simply hold Gridcoin in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

I answered this like two posts above. 1.5 % interest per year.

You said investing. investing in what, the coin?

I meant in details, I am trying to figure out how to get this interest.

Do I need to keep it on my wallet? is there any other method?

Any minimum amount of coins needed?

Yes wallet must be open. Right from the website:

Earn GRC via Proof of Stake

Once running an up-to-date fully synced client with a positive balance, all that is required is for you to unlock your wallet for 'staking only'.
Once your wallet is unlocked, it will take up to 16 hours for your coins to fully start staking.
Best practice is to continuously stake 24/7 if possible, since you have an opportunity to stake each block (even if your probability is low) and coin age is not considered within the staking probability calculation.

You will need approximately 50.000 coins to earn stakes on a daily basis.

[erkan]

$GRC bounty:

  solving superblock situation (for 99h no superblock) + creating the superblock


https://github.com/Erkan-Yilmaz/Gridcoin-tasks/issues/136

[Metros]

Is there any benefit for the average user that simply hold Gridcoin in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

I answered this like two posts above. 1.5 % interest per year.

You said investing. investing in what, the coin?

I meant in details, I am trying to figure out how to get this interest.

Do I need to keep it on my wallet? is there any other method?

Any minimum amount of coins needed?

Yes wallet must be open. Right from the website:

Earn GRC via Proof of Stake

Once running an up-to-date fully synced client with a positive balance, all that is required is for you to unlock your wallet for 'staking only'.
Once your wallet is unlocked, it will take up to 16 hours for your coins to fully start staking.
Best practice is to continuously stake 24/7 if possible, since you have an opportunity to stake each block (even if your probability is low) and coin age is not considered within the staking probability calculation.

You will need approximately 50.000 coins to earn stakes on a daily basis.

Oh that's too much. around $4K to invest.

Is there a calculator that shows the annual % from staking?

[jhkmjnhamster]

Is there any benefit for the average user that simply hold Gridcoin in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

I answered this like two posts above. 1.5 % interest per year.

You said investing. investing in what, the coin?

I meant in details, I am trying to figure out how to get this interest.

Do I need to keep it on my wallet? is there any other method?

Any minimum amount of coins needed?

Yes wallet must be open. Right from the website:

Earn GRC via Proof of Stake

Once running an up-to-date fully synced client with a positive balance, all that is required is for you to unlock your wallet for 'staking only'.
Once your wallet is unlocked, it will take up to 16 hours for your coins to fully start staking.
Best practice is to continuously stake 24/7 if possible, since you have an opportunity to stake each block (even if your probability is low) and coin age is not considered within the staking probability calculation.

You will need approximately 50.000 coins to earn stakes on a daily basis.

Oh that's too much. around $4K to invest.

Is there a calculator that shows the annual % from staking?

1.5% per year
0.125% per month

[PeterTheGrape]

...
You will need approximately 50.000 coins to earn stakes on a daily basis.

...

You will need approximately 50.000 coins to earn stakes on a daily basis.

Oh that's too much. around $4K to invest.

Is there a calculator that shows the annual % from staking?

Can't figure this out either. 

https://www.reddit.com/r/gridcoin/comments/3qohx7/minimum_amount_of_gridcoin/

Your chance for staking is shown by your DPOR weight. How much that is depends on yout number of coins, their age and your open PoR. With 50GRC you may well need to wait one week to stake. But you get all coins eventually.

I get several blocks a day with 100K

Also

https://www.reddit.com/r/gridcoin/comments/5mkr83/how_much_do_people_make_in_a_day_from_por/

http://www.gridcoin.us/Guides/investor-earn-grc.htm

http://www.gridcoin.us/Guides/earn-grc.htm

[erkan]

the bounty is now at 7000 GRC (est. $408 / 0.17 BTC):

* for solving the superblock situation in #Gridcoin, no SB in 140h (6850 GRC) and
* creating the superblock (150 GRC)

https://twitter.com/GridcoinIRC/status/879689498120028160

$GRC bounty:

  solving superblock situation (for 99h no superblock) + creating the superblock


https://github.com/Erkan-Yilmaz/Gridcoin-tasks/issues/136

[veles888]

Hi, how can I earn money here?

Invest and wait or mine and wait. This will be one of the top 10 coins.

Why do you so believe in this coin GRC ?))

[Vortac]

Why do you so believe in this coin GRC ?))

Gridcoin has 4.3 million registered BOINC users to recruit. And those are not ordinary "which coinz gonna rise" noobies, many of them have been involved with IT and volunteer computing for years: devs, sysadmins, webmasters, engineers, scientists. When we recruit just 5% of them, only sky is the limit.

[veles888]

Why do you so believe in this coin GRC ?))

Gridcoin has 4.3 million registered BOINC users to recruit. And those are not ordinary "which coinz gonna rise" noobies, many of them have been involved with IT and volunteer computing for years: devs, sysadmins, webmasters, engineers, scientists. When we recruit just 5% of them, only sky is the limit.

I bought myself a bot, he showed me that GRC will rise three times !. Bought it! I'm waiting for BOOM!)

[erkan]

likely causes of the delayed superblock + new Gridcoin version:

* "Within a few days a leisure will be released aimed at adressing these 3 known issues"

https://steemit.com/gridcoin/@ravonn/gridcoin-superblock-we-forgive-you

the bounty is now at 7000 GRC (est. $408 / 0.17 BTC):

* for solving the superblock situation in #Gridcoin, no SB in 140h (6850 GRC) and
* creating the superblock (150 GRC)

https://twitter.com/GridcoinIRC/status/879689498120028160

$GRC bounty:

  solving superblock situation (for 99h no superblock) + creating the superblock


https://github.com/Erkan-Yilmaz/Gridcoin-tasks/issues/136

[trumpman]

time to buy some cheap coins agai 

[trumpman]

Gridcoin now available at bitfish.io https://mobile.twitter.com/bitfishio/status/879587091323256832

[erkan]

 Our 1 million block is upcoming (in about 58 days)...

 

We can use this opportunity to make marketing, raise awareness for BOINC/Gridcoin,...

 

Proposed ideas include:

* prizes, community-funded torrential rain
* meme challenge
* videos
* Gridcoin mascot
* "best fans of science week"
* social media showing off research rigs/hardware
* social media for best projects
* attention to BOINC
* social media selfies with the Gridcoin client

 

What ideas do you have ?

https://steemit.com/gridcoin/@erkan/events-ideas-for-gridcoin-s-block-1000000

[BrannigansLaw]

What are the best gpu cards to get grc with? I was looking on amazon at RX 580's and they're cheap but they get bought up straight away! Tiny chance of actually getting one, unless from eBay at 2-3x the value. I did manage to get a 970 from warehouse at 50% off

[QuintLeo]

Depends on the project.

 For MooWrapper, AMD was a lot better due to competative hashrates at a much lower price point up to about 2 months back, now it's much closer. Memory speed does not matter, it's ALL about cores x core clock.
 Examples from my own farm and benchmarking - the R9 290 is good for a little over 4 Gigakeys/sec (1100 core), the GTX 1070 right about 4 Gigakeys/sec (I think I had core bumped up 100 Mhz in afterburner on that test), the RX 470 a little under 4 Gigakeys/sec (+100 core in AB), the R9 280x a little over 3 Gigakeys/sec (1100 core).
 The king right now would be one of the "dual" cards like the R9 295x2, which should be capable of around 9 Gigakeys/sec - but counts as 2 GPUs - with an honorable mention to the GTX 10080ti that should be capable of about 7 Gigakeys/sec (I just got one of those but haven't had time to do any actual testing yet). I think the Fury Pro would also be ballpark 9 Gigakeys/sec but I don't know how high you can overclock core on those.
 The new Vega Frontier should in theory be capable of over 9 Gigakeys/sec and possibly 10+ if it overclocks at all - but those cards are EXPEN$IVE even by current gouge pricing standards.

 For Milkyway, Double Precision Floating Point performance is what matters - which makes the old Tahiti-based (and to a lesser degree the old Hawaii based) cards like the R9 280/280x/290/290x/295x2/390/390x (but NOT the 390/380x) and the HD 7990/7970/7950 the best price/performance options even at current inflated pricing for ALL AMD "good mining" cards - their ONLY competition is high-priced workstation-specific cards from the Tesla and Firepro lines.
 The RX 580 for perspective has less than HALF the performance of the Hawaii cards, and closer to ONE THIRD of the Tahiti cards.

 Other projects - depends on the project and I don't know the specifics.

 Being realistic, don't expect to make good money from GRC as a researcher - it's been good for paying the electric for a year or so, and the last couple months it's actually been profitable, but you WOULD make a lot more on most cards from mining with them.

 I crunched the numbers on my current "big MooWrapper" rig today - pair of R9 290 and a A10-7860k, which happens to be the #1 computer on MooWrapper right now - it pulls in about $2 a day NET after electric usage at current GRC and Bitcoin pricing, while crunching very close to 9 Gigakeys/sec between the 3 GPUs (I don't use the CPU side of the APU for Moo on that rig, as it power-limits the GPU if I do and drops overall hashrate).