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

[extro24]

My question - can I actually buy parallel processing power with gridcoins?  I am thinking of things like raytracing for animation.  Can I submit workunits and pay for the processing with gridcoins?

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[traderman]

Get a msi twin frozr 7950. It is a great card for mining scrypt. I have a few myself. There is a 3 year warranty on it so you are covered if anything happens to the card.
It gets around 600kh/s and you will mine a nice amount of Gridcoins with it.

If you don't have the cash for a 7950 the next best thing is radeon 5870, it gets around 400kh/s.

Instead of wasting time with this, just run your GPU, much easier and much faster and more profitable.

Hi traderman,

Currently I don't have a GPU. Any recommendations on which one I should get ? I was trying to cpu mine because I have a couple of old laptops which I could put to use with this. Any suggestion on guides to building a GPU mining rig (I am new to this) ? Preferably the best hashes/power ratio.
I happened to look at the litecoin hardware comparison and 7990 sapphire seems good but does it need watercooling ? (sorry I am really new to mining but I am prepared to make the investment).
Also when you say faster and more profitable - any idea how much more profitable it is to GPU mine than only CPU mine ?

I have an ASUS p5G41t-M motherboard and hardly know anything about the hardware requirements .. any pointers would be more than welcome. In fact I would be really thankful if someone could point me in the right direction.

[Inrideo]

Does the graphing in the mining module work for anyone else? I feel like I'm just on the edge of having it work right

edit: I've started getting half coins now! Woot Must have fixed the mining when I restarted cudaminer after the poolmining was activated. (I think it still thought it was solo mining since I'd just restarted the client).
Graph is still inactive though.

Request for option: Theme creation. Just a couple of hex values that people can use to tweak the appearance in the conf. That green and black or green and white really don't work in some places.

[Gridcoin]

Hi,

The graphing will work if you have boinc in the standard location.  If not follow the instructions for setting the boincappfolder path.

Regarding the theme colors, that's unfortunately down on the bottom of the priority list (was able to get to that since I worked on Thanksgiving!).

PM Aysyr to put it on the todo list.

Regarding site structure, I see we are in desperate need of organization.  I'd suggest Aysyrs forum again, but I think we really need to hit 5 in difficulty first.
In the mean time, I'll look into creating more organized threads.

There is a lot of exciting stuff going on.  I am currently involved in writing a new GPU mining specification that may replace scrypt.  What is exciting, at least to me, is the ability to write a specification that includes a new Sleep algorithm as part of the operation of the hash function, to make Gridcoin the most efficient coin out there period, and possibly others will want to adopt this new algorithm as well.  I can't give away all the details yet, but on the surface it would appear that your GPU card was saving 75% of the energy, but doing all of the same work.  It works by using a new type of receiving wallet address, one that takes 5 hours to generate.  Your GPU is only allowed to cryptographically work during certain timeslices that are bound cryptographically to wallet timeslices, depending on how the algorithm uses the GPUs parallel processing threads.  That's all I can say now, but the bottom line is if we end up adopting this spec, we will be able to bring GPU miners from other coins to Gridcoin and save 75% of the required watts per hour, but still achieve the same mining results.

In light of all that that is my new top priority; so I will be reducing the priority level of the CPU-mining until progress is made on this.  In the mean time, I look forward to tomorrows upgrade as we enforce the new level of security in the chain!

Rob Halford

[Inrideo]

Ooh a new algorithm? Interest piqued

I have the app installed in the standard place. Odd that I'm not seeing the graph.

I'm seeing some coins trickle in now though. About .5 anywhere from 5 minutes to an hour apart.

[Inrideo]

If I listcpuminers, should I see my GRC address among the pool?
I see 4 users listed but none with my address in the "GRC Address" key.

[traderman]

Sounds very interesting, can't wait. If you can actually decrease the power consumption of the GPU that will be a huge deal. That is an enormous incentive for miners.

Hi,

The graphing will work if you have boinc in the standard location.  If not follow the instructions for setting the boincappfolder path.

Regarding the theme colors, that's unfortunately down on the bottom of the priority list (was able to get to that since I worked on Thanksgiving!).

PM Aysyr to put it on the todo list.

Regarding site structure, I see we are in desperate need of organization.  I'd suggest Aysyrs forum again, but I think we really need to hit 5 in difficulty first.
In the mean time, I'll look into creating more organized threads.

There is a lot of exciting stuff going on.  I am currently involved in writing a new GPU mining specification that may replace scrypt.  What is exciting, at least to me, is the ability to write a specification that includes a new Sleep algorithm as part of the operation of the hash function, to make Gridcoin the most efficient coin out there period, and possibly others will want to adopt this new algorithm as well.  I can't give away all the details yet, but on the surface it would appear that your GPU card was saving 75% of the energy, but doing all of the same work.  It works by using a new type of receiving wallet address, one that takes 5 hours to generate.  Your GPU is only allowed to cryptographically work during certain timeslices that are bound cryptographically to wallet timeslices, depending on how the algorithm uses the GPUs parallel processing threads.  That's all I can say now, but the bottom line is if we end up adopting this spec, we will be able to bring GPU miners from other coins to Gridcoin and save 75% of the required watts per hour, but still achieve the same mining results.

In light of all that that is my new top priority; so I will be reducing the priority level of the CPU-mining until progress is made on this.  In the mean time, I look forward to tomorrows upgrade as we enforce the new level of security in the chain!

Rob Halford

[damgfx]

GBEyGbTWByzMXkNHXQvdkvc27tVion3Pr4

Thanks 

[Inrideo]

For those mining with an nvidia card, I'm doing about 106 kilo hashes, plus CPU and I've done 9.5 GRC in the last seven hours.
Does that match up to your stats?

I think I'm fully functional now except for my graphing.

[aysyr]

For those mining with an nvidia card, I'm doing about 106 kilo hashes, plus CPU and I've done 9.5 GRC in the last seven hours.
Does that match up to your stats?

I think I'm fully functional now except for my graphing.

I'm assuming that you're doing pool mining? If so, and you just started mining seven hours ago, the pooled mining works like PPLNS where it starts small, increments to your actual proportional share, then tapers off back to 0 after you stop mining. So that should increase throughout the next 24 hours to your proper average, and after you stop mining, it'll continue to pay you for about another 24 hours after you stop, slowly going to 0 each pool pay.

[Inrideo]

Yup. I'm pool mining today. Before that I'd just been solo mining but couldn't wait days to see if I was doing it right

[WillBit]

Does anyone know where I can find what the total number of Gridcoins in circulation is?


Also, what year do you estimate all 168,000,000 coins will be mined by?

[COINPRADER]

Hmm, I actually got 67 coins mined solo on FzgFStAgCXQGRkAPQjyooi7T82XSuRPF1m, then they disappeared tonight.  Was there an update or something?

[seleme]

So, do I mine this?

My Boinc utilization is 97, Boinc processing power 100, Average Boinc credits 255 but on Boinc KH/ps it says sometimes 0, sometimes infinity.

[A L I E N]

Hmm, I actually got 67 coins mined solo on FzgFStAgCXQGRkAPQjyooi7T82XSuRPF1m, then they disappeared tonight.  Was there an update or something?

Make sure your wallet's last block is the same as the block explorer: http://explorer.gridcoin.us/

[thenoblebot]

Although I am looking to buy a GPU. It would be good for the community if someone can post a tutorial on how to CPU mine (preferably on a fresh win 7 installation, because the pyopencl error occurs there).

Anybody who has successfully cpu mined up for it ? (Or perhaps I am asking for too much )

[lmue]

Is there any way to check how many coins are mined? I can only see how many blocks.

[kuverty]

What is the project's status now? What problems are there left to solve?
Also, I saw two addresses on a signature, GRC and GRC2, other started with G and the other with F. What is this?

[traderman]

There is only 1 GRC as far as i know.

What is the project's status now? What problems are there left to solve?
Also, I saw two addresses on a signature, GRC and GRC2, other started with G and the other with F. What is this?

[Gridcoin]

What is the project's status now? What problems are there left to solve?
Also, I saw two addresses on a signature, GRC and GRC2, other started with G and the other with F. What is this?

Hi,

The Base58 wallet format sometimes generates an "F" prefix, but mostly a "G".  Obviously we like the G since it stands for Gridcoin.  It's a legacy standard.

Problems to solve: 
Safely integrating cpu-miners into the ecosystem.  That turned out to be a bigger project than expected, so its delayed.

The current workload:
Writing the md5-sleep algorithm spec for GPU cards.  Evaluating the risks.  Creating a prototype.

Future:
Adding MySql to Gridcoin, so we can Update transactions, blocks and spent coins in an ansi-92 database and let everyone audit all the transactions.
It would also be helpful for users to query transactions to get exact network statuses.  It would be very beneficial to us when we want to add new features such as long lists of cpuminers or long lists of pool miners so block formats would not break.  If the block hashes are strong, this should not be a risk to show all the data to the world, and then we would be able to grow without fear of breaking the database in the future.  I think it would also be nice to take advantage of oracles utilities to repair the database, instead of worrying about BerkeleyDbs repair options (more support by IT).

Minted coins: You can either multiply 140 * 2.5 * 60 * 24 * dayslive to get an estimate, or you can go to the rpc and do a listunspent and somehow dump into excel or notepad and add it up.
This sounds like a good idea for us to add to the block explorer.

Rob H.