[ANN][GRA] Graincoin - New PoW/PoS coin | Fast, secure | Version 1.5 Released!

[Nullu]

Any news on exchanges wanting to add Grain?

Vote for Grain here:
http://www.reddit.com/r/CoinedUp/comments/1twnam/request_to_add_grain_gra/

http://www.reddit.com/r/CoinedUp/comments/1ulygp/please_add_grain_to_coinedup/

and here
https://cryptsy.freshdesk.com/support/discussions/topics/44936

We need more Votes, to get listed

We need some hashing power

Do we? Surely a smaller steady hashrate means there's a higher distribution of overall grains, than if some big hashers came in and started reaping the harvests? That's what would happen if this hit an exchange. I think heavily promoting grain could make it a victim of its own success. Get more people mining it yes, but as soon as it hits an exchange it will be pumped and dumped and seriously devalued once the hashrate drops back down.

I guess it would mean cheap grain for everyone if they wanted to buy it, but that seems to defeat the point. If it takes me a week to mine 100k grain, but then I could just buy it for a mere 0.001 BTC, then what possible incentive do I have to keep mining it? I could buy 10 million for 0.1 BTC. The coin would be as good as dead. Just like all the other highly inflated coins.

The only way to defeat the inflation is through higher distribution, and you're not going to get that by putting this on an exchange in the near future. It seems like a logical fallacy and contradictory to what this coin is trying to achieve. Long term sustainability.

Just look at what happened to ColossusCoin. I admit this coin has a lot more going for it than that copyclone, but the principle is exactly the same. Who wants to mine a coin you can buy for at a satoshi each, when you could mine more profitable coins and just buy them instead?

That's the kind of thing you'd want to do halfway through the total supply of coins, or at least to a point where the supply is becoming more scarce. Once there's no incentive to mine and no possible profit forseeable over the horizon, people will give up and move on just like every other coin. I hope that grain learns from other altcoins and doesn't follow the same path. If this hits the exchange at a Satoshi then there would be absolutely no reason for me to mine it anymore. I could buy 10 million, and sit on it like everyone else would.

The market cap would be flat and near-zero.

[1714694017]

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[1714694017]

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[tekkx2k13]

Any news on exchanges wanting to add Grain?

Vote for Grain here:
http://www.reddit.com/r/CoinedUp/comments/1twnam/request_to_add_grain_gra/

http://www.reddit.com/r/CoinedUp/comments/1ulygp/please_add_grain_to_coinedup/

and here
https://cryptsy.freshdesk.com/support/discussions/topics/44936

We need more Votes, to get listed

We need some hashing power

Do we? Surely a smaller steady hashrate means there's a higher distribution of overall grains, than if some big hashers came in and started reaping the harvests? That's what would happen if this hit an exchange. I think heavily promoting grain could make it a victim of its own success. Get more people mining it yes, but as soon as it hits an exchange it will be pumped and dumped and seriously devalued once the hashrate drops back down.

I guess it would mean cheap grain for everyone if they wanted to buy it, but that seems to defeat the point. If it takes me a week to mine 100k grain, but then I could just buy it for a mere 0.001 BTC, then what possible incentive do I have to keep mining it? I could buy 10 million for 0.1 BTC. The coin would be as good as dead. Just like all the other highly inflated coins.

The only way to defeat the inflation is through higher distribution, and you're not going to get that by putting this on an exchange in the near future. It seems like a logical fallacy and contradictory to what this coin is trying to achieve. Long term sustainability.

Just look at what happened to ColossusCoin. I admit this coin has a lot more going for it than that copyclone, but the principle is exactly the same. Who wants to mine a coin you can buy for at a satoshi each, when you could mine more profitable coins and just buy them instead?

That's the kind of thing you'd want to do halfway through the total supply of coins, or at least to a point where the supply is becoming more scarce. Once there's no incentive to mine and no possible profit forseeable over the horizon, people will give up and move on just like every other coin. I hope that grain learns from other altcoins and doesn't follow the same path. If this hits the exchange at a Satoshi then there would be absolutely no reason for me to mine it anymore. I could buy 10 million, and sit on it like everyone else would.

The market cap would be flat and near-zero.

Basically Nullu is right, we don't need another pump&dump on any exchange, this was I guess not the intention of bosian, we need to grow the community around Grain day by day.
So for sure we need to increase the hashpower, but step-by-step. And we need to be in mind of the exchanges.
Then the dev team is working on games and places to accept Grain in the future. This should be the longterm aim. Grow Grain to a cryptocurrency for everybody.

And then there is PoS which generates coins while you hold them.

So lets do our best as community to spread the word for grain
 

[mkimid]

The basic principle, I agree with Nullu completely,

But, I want to concern about the number of miner,
From my small research, the number of miner is not more 100 miners a day,
(forkpool : ~ 60, livechain poo : ~20 and it is reducing by time, solo miner ~10)
and, I pretty sure, not more than 200 miners are keeping their coin,
this number will be reducing by time,
because of some miner give up, leave, and forget this coin.

and I do not agree this coin is going to the market yet,
Not matured yet,
Need more time to contact with the natural air (till next spring ? ^^)

I think, popularity is a important factor for the future of coin.

How make more people own this coin, or want to own this coin ?
and, How make more miner join in mining ?

Unfotunately, most of miner want to get a gain via their investments (time, electric, and hardware cost).
Some, miner can wait, but, the most of miner can not stay,
because of they do not like an uncertainly,

Anyway, it is a big question, and, maybe need an idea,

[Nullu]

The basic principle, I agree with Nullu completely,

But, I want to concern about the number of miner,
From my small research, the number of miner is not more 100 miners a day,
(forkpool : ~ 60, livechain poo : ~20 and it is reducing by time, solo miner ~10)
and, I pretty sure, not more than 200 miners are keeping their coin,
this number will be reducing by time,
because of some miner give up, leave, and forget this coin.

and I do not agree this coin is going to the market yet,
Not matured yet,
Need more time to contact with the natural air (till next spring ? ^^)

I think, popularity is a important factor for the future of coin.

How make more people own this coin, or want to own this coin ?
and, How make more miner join in mining ?

Unfotunately, most of miner want to get a gain via their investments (time, electric, and hardware cost).
Some, miner can wait, but, the most of miner can not stay,
because of they do not like an uncertainly,

Anyway, it is a big question, and, maybe need an idea,

Well, promoting the coin is still a good idea. But promoting it to be mined, rather than to be on an exchange. The more smaller miners we have, the more distributed the grain and the better the market place will be. It's not about getting as much hashpower as possible, it's about getting as much hashpower from as many individual miners as possible, because the wider the distribution the more competitive and balanced the market will be. The problem with multipools and coin profitability is that it's a race to the bottom to sell it for the cheapest price to the lowest bidder.

Real world Grain is a commodity that is traded based on supply and demand, and it is not a resource that you hoard and dump. You sell it based on market demand.

So one of the ways Grain could differ from other altcoins is by mimicking its real-world counterpart and creating a supply and demand chain. For that you need services. Not exchanges.

What if the developers created a service where Grain could be exchanged for a purely Proof Of Stake currency? So an un-mineable currency where, via proof of burn, or by also holding grain and selling it back for Crop, you can exchange them. So, you could exchange grain for a crop. Crop itself would have a lower overall total compared to Grain, but a higher grain yield as it's POS percentage. This would encourage trading within the currency, depending on the rates. So sometimes it may be profitable to sell Grain for Crop, and vice versa. Crop yield could be decided on by the total hashpower of grain, or some other variable to regulate the market.

It's just an idea, but you can easily create a self-sustaining and expanding market without crashing it by being able indirectly through BTC convert it into fiat.

[mkimid]

The basic principle, I agree with Nullu completely,

But, I want to concern about the number of miner,
From my small research, the number of miner is not more 100 miners a day,
(forkpool : ~ 60, livechain poo : ~20 and it is reducing by time, solo miner ~10)
and, I pretty sure, not more than 200 miners are keeping their coin,
this number will be reducing by time,
because of some miner give up, leave, and forget this coin.

and I do not agree this coin is going to the market yet,
Not matured yet,
Need more time to contact with the natural air (till next spring ? ^^)

I think, popularity is a important factor for the future of coin.

How make more people own this coin, or want to own this coin ?
and, How make more miner join in mining ?

Unfotunately, most of miner want to get a gain via their investments (time, electric, and hardware cost).
Some, miner can wait, but, the most of miner can not stay,
because of they do not like an uncertainly,

Anyway, it is a big question, and, maybe need an idea,

Well, promoting the coin is still a good idea. But promoting it to be mined, rather than to be on an exchange. The more smaller miners we have, the more distributed the grain and the better the market place will be. It's not about getting as much hashpower as possible, it's about getting as much hashpower from as many individual miners as possible, because the wider the distribution the more competitive and balanced the market will be. The problem with multipools and coin profitability is that it's a race to the bottom to sell it for the cheapest price to the lowest bidder.

Real world Grain is a commodity that is traded based on supply and demand, and it is not a resource that you hoard and dump. You sell it based on market demand.

So one of the ways Grain could differ from other altcoins is by mimicking its real-world counterpart and creating a supply and demand chain. For that you need services. Not exchanges.

What if the developers created a service where Grain could be exchanged for a purely Proof Of Stake currency? So an un-mineable currency where, via proof of burn, or by also holding grain and selling it back for Crop, you can exchange them. So, you could exchange grain for a crop. Crop itself would have a lower overall total compared to Grain, but a higher grain yield as it's POS percentage. This would encourage trading within the currency, depending on the rates. So sometimes it may be profitable to sell Grain for Crop, and vice versa. Crop yield could be decided on by the total hashpower of grain, or some other variable to regulate the market.

It's just an idea, but you can easily create a self-sustaining and expanding market without crashing it by being able indirectly through BTC convert it into fiat.

You misundersand what I want to talk about,

I menion about join in Exchange Market, as an example what can the miner can be motivated,
Acutally, under the current mining situation, this coin can not be in the exchange marekt,
If going to the market, it will become a ghost town.

Basically, I do not agree about this coin go into trade market yet,

and, I am talking about how can provide a kind of motivation to the miner ?
Even this threads are growing slowly,

But, I feel, the hashrate is not follows,

I am talking about How can make the miner join in this coin,

 

[Nullu]

If most miners only mine coins so they can quickly sell them to make money, then they will do that first, and mine for fun or investment second. You have to provide other incentives other than money to attract people to this coin.

[Marsenault]

I've been mining them off and on for a week or so.

Can anyone tell me when I will notice the interest / proof of stake thing kick in?

Will I see something in the wallet that will show me?

[Nullu]

I've been mining them off and on for a week or so.

Can anyone tell me when I will notice the interest / proof of stake thing kick in?

Will I see something in the wallet that will show me?

From the OP;

Grain also provides 5% annual interest on the grained held. The interest will be paid about every 2 weeks.

It will show up under "Stake:" in your wallet, I believe.

[OneEyedJack]

What pools are available? The only one I was using went down
Thanks

[airtreb]

999ZcmcfFjy7ZwQnZ2o4XiWo5BXbQYP1WZ

need rice

thanks

[buddynuno]

Guys need some help! No matter what I do I cant solomine GRA!!!

I have tried the config with nodes, without nodes, changed ports, deleted files and installed wallet again! Everything and I simply cant get it mining with cgminer!!!

[Nullu]

Guys need some help! No matter what I do I cant solomine GRA!!!

I have tried the config with nodes, without nodes, changed ports, deleted files and installed wallet again! Everything and I simply cant get it mining with cgminer!!!

Post your conf file settings and CGiner config.

I don't really use CGminer much because I have an Nvidea card, but maybe this will help;

cgminer.exe –scrypt -I 11 -s 1 –expiry 1 –queue 0 -g 1 -o 127.0.0.1:11109 -u user -p pass

my conf file would look like this;

listen=1
daemon=1
server=1
rpcconnect=127.0.0.1
rpcuser=user
rpcpassword=pass
rpcport=11109
addnode=90.24.148.40
addnode=79.132.116.131
addnode=77.247.182.246
addnode=87.228.72.73
addnode=86.177.174.213
addnode=90.24.148.40
addnode=79.132.116.131
addnode=77.247.182.246
addnode=24.61.235.251
addnode=188.190.138.46
addnode=60.185.43.164
addnode=86.177.174.213
addnode=95.85.26.11
addnode=37.147.229.171
addnode=24.115.95.58
addnode=94.36.249.63
addnode=84.202.182.12
addnode=212.21.27.144
addnode=178.216.122.243
addnode=83.37.239.174
addnode=5.165.67.45
addnode=119.237.178.52

Your username doesn't need to be a wallet address either. It just needs to listen to your local IP.

[buddynuno]

Post your conf file settings and CGiner config.

I don't really use CGminer much because I have an Nvidea card, but maybe this will help;

cgminer.exe –scrypt -I 11 -s 1 –expiry 1 –queue 0 -g 1 -o 127.0.0.1:11109 -u user -p pass

my conf file would look like this;

listen=1
daemon=1
server=1
rpcconnect=127.0.0.1
rpcuser=user
rpcpassword=pass
rpcport=11109
addnode=90.24.148.40
addnode=79.132.116.131
addnode=77.247.182.246
addnode=87.228.72.73
addnode=86.177.174.213
addnode=90.24.148.40
addnode=79.132.116.131
addnode=77.247.182.246
addnode=24.61.235.251
addnode=188.190.138.46
addnode=60.185.43.164
addnode=86.177.174.213
addnode=95.85.26.11
addnode=37.147.229.171
addnode=24.115.95.58
addnode=94.36.249.63
addnode=84.202.182.12
addnode=212.21.27.144
addnode=178.216.122.243
addnode=83.37.239.174
addnode=5.165.67.45
addnode=119.237.178.52

Your username doesn't need to be a wallet address either. It just needs to listen to your local IP.

Finally!!! Thanx bud! I used your config and my cgminer settings are cgminer.exe --scrypt -o 127.0.0.1:11109 -u grain -p x then i just adjust settings in cgminer cmd config

[Nullu]

Glad you got it sorted. Happy mining. 

[bosian]

I've been mining them off and on for a week or so.

Can anyone tell me when I will notice the interest / proof of stake thing kick in?

Will I see something in the wallet that will show me?

From the OP;

Grain also provides 5% annual interest on the grained held. The interest will be paid about every 2 weeks.

It will show up under "Stake:" in your wallet, I believe.

The pos will be generated after you hold the coin in the wallet for 15-30 days.

Some people reported not seeing pos blocks recently, I am investigating the issue. mkimid reported he saw one block that may have pos, can you post the block? The pos can be generated inside a pow block too. Different tx in the same block.

One member reported that the wallet seems busy generating pos and took 100% CPU, if the situation persists and if it bothers you, you can always transfer the balance to a new wallet, and that should get rid of the 100% CPU thing. To do it, exit the client, and restart the client and transfer immediately after the wallet in sync. Usually the pos processing starts a few minutes after you start the client.

[OneEyedJack]

Ok so I found http://gra.livechains.net/ to mine at, but now I am wondering why there are not confirms at all?
Any idea? Anyone?

[bosian]

It looks like the pos generation is somehow blocked, so since block 62236 (block 62235 is the last PoS block generated - as mkimid correctly pointed out), only pow block generated.

The PoW blocks generated since followed exactly the target block time:

Block 80128: Jan 7, 19:30:56
Block 63000:  Jan 1, 14:32

17128 PoW blocks generated in about 6 days 5 hrs. Theoretical generated blocks =  6*2880 + 5 * 120 = 17880 blocks.

I am still investigating the reasons why PoS blocked. It is weird that this coin changes from PoW/PoS->PoS->PoW/PoS->PoW. Unfortunately all the basic code are from PPCoin/NovaCoin, and only some params have been changed. So the behavior is weird. Maybe keeping it as a pow is OK, at least all the mining is fine with predefined intervals. With PoS the PoW intervals will be altered depending on how frequently the PoS will be generated.

Anyway I am trying to find the cause of it, and will let you know my findings.

[karky]

Ok so I found http://gra.livechains.net/ to mine at, but now I am wondering why there are not confirms at all?
Any idea? Anyone?

It confirmes for me. It is working fine.

[Illusmare]

It looks like the pos generation is somehow blocked, so since block 62236 (block 62235 is the last PoS block generated - as mkimid correctly pointed out), only pow block generated.

The PoW blocks generated since followed exactly the target block time:

Block 80128: Jan 7, 19:30:56
Block 63000:  Jan 1, 14:32

17128 PoW blocks generated in about 6 days 5 hrs. Theoretical generated blocks =  6*2880 + 5 * 120 = 17880 blocks.

I am still investigating the reasons why PoS blocked. It is weird that this coin changes from PoW/PoS->PoS->PoW/PoS->PoW. Unfortunately all the basic code are from PPCoin/NovaCoin, and only some params have been changed. So the behavior is weird. Maybe keeping it as a pow is OK, at least all the mining is fine with predefined intervals. With PoS the PoW intervals will be altered depending on how frequently the PoS will be generated.

Anyway I am trying to find the cause of it, and will let you know my findings.

If it becomes a PoW-only coin it will probably be a turn-off for most miners. There are plenty of PoW-only coins. No need for another one.
So if it's possible to get it fixed then I think it would be the best solution.

[Jollyburner]

Any news on exchanges wanting to add Grain?

Vote for Grain here:
http://www.reddit.com/r/CoinedUp/comments/1twnam/request_to_add_grain_gra/

http://www.reddit.com/r/CoinedUp/comments/1ulygp/please_add_grain_to_coinedup/

and here
https://cryptsy.freshdesk.com/support/discussions/topics/44936

We need more Votes, to get listed

We need some hashing power

Do we? Surely a smaller steady hashrate means there's a higher distribution of overall grains, than if some big hashers came in and started reaping the harvests? That's what would happen if this hit an exchange. I think heavily promoting grain could make it a victim of its own success. Get more people mining it yes, but as soon as it hits an exchange it will be pumped and dumped and seriously devalued once the hashrate drops back down.

I guess it would mean cheap grain for everyone if they wanted to buy it, but that seems to defeat the point. If it takes me a week to mine 100k grain, but then I could just buy it for a mere 0.001 BTC, then what possible incentive do I have to keep mining it? I could buy 10 million for 0.1 BTC. The coin would be as good as dead. Just like all the other highly inflated coins.

The only way to defeat the inflation is through higher distribution, and you're not going to get that by putting this on an exchange in the near future. It seems like a logical fallacy and contradictory to what this coin is trying to achieve. Long term sustainability.

Just look at what happened to ColossusCoin. I admit this coin has a lot more going for it than that copyclone, but the principle is exactly the same. Who wants to mine a coin you can buy for at a satoshi each, when you could mine more profitable coins and just buy them instead?

That's the kind of thing you'd want to do halfway through the total supply of coins, or at least to a point where the supply is becoming more scarce. Once there's no incentive to mine and no possible profit forseeable over the horizon, people will give up and move on just like every other coin. I hope that grain learns from other altcoins and doesn't follow the same path. If this hits the exchange at a Satoshi then there would be absolutely no reason for me to mine it anymore. I could buy 10 million, and sit on it like everyone else would.

The market cap would be flat and near-zero.

the thing is.. and im just bringing this up for the sake of argument, if you were to buy 10mil after it hit exchange, and then sit on it, well that's 10 mil out of circulation being hoarded. that's actually good for the coin.

say it hit an exchange and no one sold any, what u think the price would start to do? im not saying as a community that absolutely no one sells and that's feasible, but if everyone believes in the sustainability of GRA and holds on to theirs for the longer haul, or if many new investors come to GRA with this approach, that this alone could possibly keep the price healthy.

you are right to think it would be easier to buy 10mil grain than mine it if it did indeed hit an exchange and be super cheap, but right now there is no exchange, and I doubt you could find 10mil GRA very cheap. I wouldn't sell any of my GRA right now, and I don't plan to anytime soon.

its up to us to decide that GRA is worth something, its only worth what you will take for it, and what someone will offer you. I highly doubt your GRA will ever be trading @ .01 BTC or w/e, but I do believe that we could get it on exchanges and that it could have value for investors & miners.