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

[Gridcoin]

Finally! I'm just wondering, when will the official pool be available?
I really want to mine Gridcoin but it seems a little confusing, and I just wish it used an ASIC resistant algorithm such as Scrypt-N or X11

Check out our white paper:
http://www.gridcoin.us/docs/Gridcoin-white-paper.pdf

It is asic resistant.

If you plug the asic into your local machine and mine through the loopback with boinc running it should work, but otherwise it should stave off the asic-farms since they wont be able to fill out the getblocktemplate().  So no its not an ASIC proof algorithm, such as non-scrypt algos, but it is truly asic resistant.

Rob

[1714788736]

1714788736

[Gridcoin]

I've converted one machine to run the new CPU miner and it seems to be working well after about 12 hours with little drama.

The upgrade crashed - not sure why, and it left a corrupted gridcoin-qt. No big deal as the MSI version (Plan B) installed without incident.

Some CPU mining payouts have trickled in. One seems buggy, with a message I have not seen before "Generated but not accepted". I'll try to shake it out Real Soon Now.

Fabulous dev work - well done! A lot could have gone wrong with a project that big.

I hope to set up another machine to CPU mine also in the next few hours.

Thanks, well I believe 90% of our problems have been due to the fork.  CryptoBlox is running 2.1.0.7 (he is in the process of upgrading it now- were exchanging Pms).  If you look at that info, youll see since block 120,000 diff has been dropping from 5 to .79 on that chain.  That causes huge problems for our nodes.

We're close to being on the same chain now as the last 40 people upgrade.

Rob

[Sharecoin11234]

Hello! I'm C-CEX.com dev.
I'm here to wonder what new services GRC community may require?

that's also my doubt

[Gridcoin]

in the mining module i have
BoincMD5: MD5Error

how can i fix this thx

Bill, the md5error is no longer a problem (nor errors in the mining console).
As long as your list of cpids shows in "listitem cpids" you should be good.

If your boinc is not in "c:\programdata\boinc", change the "boincdatadir=" key to the location .

Good luck,
Rob

[anonerd]

Hello! I'm C-CEX.com dev.
I'm here to wonder what new services GRC community may require?

that's also my doubt

what is your doubt directed at?
that gridcoin will proceed with this extraordinary high momentum?
or, that you are able to keep up with it?
concerning new services there is for instance https://cryptocointalk.com/topic/11357-gridcoin-finance-project/
I am glad c-cex is here, I experienced a similarly high ambition from your development in the past!

what services do you imagine, are you more into brokerage?

[c-cex]

Hello! I'm C-CEX.com dev.
I'm here to wonder what new services GRC community may require?

that's also my doubt

You don't think GRC requires any new services?

[wzbysek]

Gridcoin added to www.walletgenerator.net - check it out!

[c-cex]

Free trading weekend! 0% fee for 2 days!

https://c-cex.com

[traderman]

Maybe on c-cex you can display how much Boinc credits Gridcoin has donated so far. I think it would be great for traders and investors to have that information
somewhere on the chart. I am not sure if that is technically possible, but would be cool to see.

http://boincstats.com/en/stats/-1/team/detail/118094994/overview

Hello! I'm C-CEX.com dev.
I'm here to wonder what new services GRC community may require?

that's also my doubt

You don't think GRC requires any new services?

[cyberspacemonkey]

I just wish Gridcoin was X11 or X13 algo. Scrypt is so yesterday.

[lynn_402]

I just wish Gridcoin was X11 or X13 algo. Scrypt is so yesterday.

X11 and X13 are not fundamentaly different than scrypt, they both will have ASICs designed for them sooner or later.
And ASICs are not a problem; they allow contributing to a network's security with a huge hashrate and a comparatively low electricity usage, while being immune to being mined by malicious botnets.

[cyberspacemonkey]

X11 and X13 have lower electricity usage for GPUs, I know there is no ASIC proof algo, there are just algos for which ASICs have not been produced yet, but I think X11 and X13 are just ahead of Scrypt for many reasons.

[anonerd]

Thinking in terms of Hashcash Proof of Work is so yesterday.
Luckily, GRC goes far beyond efficient GPU hashing with its
Proof of BOINC distributed research in addition to network security from Skein-Groestl-Cubehash!
See the Whitepaper: http://www.gridcoin.us/images/gridcoin-white-paper.pdf

[s4mmy]

13M points today! Great job guys! Keep it up!

http://boincstats.com/fi/charts/-1/team/gainPerDay/118094994/chart.png

[traderman]

WOW Our last record was 7 mil I believe, but this is pretty impressive.

13M points today! Great job guys! Keep it up!

[qingpeople]

ROB,HELP ME ,WHATE MUCH PROJECT GOOD,OR  ONLY ONE  PROJECT GOOD,

[BenHur]

I add three projects.
Rosetta@home,World Community Grid,Malariacontrol.net.

If your pc have a better cpu,you can add more projects.
At least ,the RAC of each projects should be more than 100.

Just my own thoughts.

[s4mmy]

http://www.coindesk.com/mining-roundup-walmart-bfgminer-altcoins-cloud/

Have you guys seen this!? Gridcoin mentioned!!

[traderman]

I just saw that today, great little paragraph on Gridcoin.
Just did a tweet on the official Gridcoin twitter account!

http://www.coindesk.com/mining-roundup-walmart-bfgminer-altcoins-cloud/

Have you guys seen this!? Gridcoin mentioned!!

[traderman]

Here is another article today on Gridcoin: http://cointelegraph.com/news/111639/gridcoin_using_the_blockchain_for_good