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Author Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.  (Read 61952 times)
theymos
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January 18, 2019, 04:38:11 PM
 #261

So, does a recipient necessarily need prior knowledge that they are about to receive some coins

Yes. Grin transactions always work in a multi-step process like this:
1. The sender runs grin wallet send -m file -d FILE.txt GRIN_AMOUNT, which creates the file FILE.txt.
2. The sender gives FILE.txt to the recipient.
3. The recipient runs grin wallet receive -i FILE.txt, which creates another file FILE.txt.response.
4. The recipient gives FILE.txt.response to the sender.
5. The sender runs grin wallet finalize -i FILE.txt.response, and the transaction is done.

There are also methods involving IP addresses, keybase.io, and a "grinbox address" service, but behind-the-scenes these methods do the same steps as above, where the sender and recipient need to cooperate in order to form the final transaction

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VB1001
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January 18, 2019, 05:54:07 PM
Last edit: January 18, 2019, 06:04:57 PM by VB1001
 #262

Miner online.

Windows 10
GrinGoldMiner
F2pool
4x1070GTX 8GB

Node and Wallet for windows?

I have to set up the payment with a exchange?

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January 18, 2019, 06:09:18 PM
 #263

Miner online.

Windows 10
GrinGoldMiner
F2pool
4x1070GTX 8GB

Node and Wallet for windows?

I have to set up the payment with a exchange?

Nice job.
No node or wallet for windows yet. Won't be long. (guessing maybe 2 weeks TM ?)
Either send direct to an exchange, which is risky.
Or wait for the windows softs and keep your grins on the pool till they integrate it, which is risky.

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January 18, 2019, 06:18:42 PM
 #264

^
For the moment in the pool.

Thx.

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January 18, 2019, 06:35:14 PM
 #265

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?
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January 18, 2019, 06:41:51 PM
Last edit: January 18, 2019, 07:30:05 PM by sirazimuth
 #266

Miner online.
Windows 10
GrinGoldMiner
F2pool
4x1070GTX 8GB
same here ...except 2x 1070


I have to set up the payment with a exchange?

Apparently for now...
I just set up the payment thingie with Bitforex. Set up an account there, then you bind your UID.
No addresses. No clue how many coins I have credited so far. This is weird.
Time will tell if I did it right I guess....
I guess I did it right. My mining page updated.
Looks like it might be a little better than the Nicehash dust
my miners accumulated right before I turned them them off.... ahhh....who cares, right? I'm a hobby miner...lol

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?

what??! you used a fake (nonexistent) email??? For crypto business?!
Good lord! This is highly irregular....









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January 18, 2019, 09:10:31 PM
 #267

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?

 Shocked what's the deal here? To layz to create a google (or whatever) one?
Serously, seldom readed something more stupid than using a fake email for it's own legal business, amazing....  Roll Eyes
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January 18, 2019, 09:50:51 PM
 #268

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?
if its a very random email and domain, register that domain name and email forward to an actual email you own.
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January 18, 2019, 10:26:11 PM
 #269

Relax guys, the amount in question is minuscule, not even worth the domain name. It is not a 'business' but a hobby for me. Anyway I was able to yank it out to my local node/wallet, for it you need an external IP address, compiled wallet and a port forwarding rule on the router.
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January 18, 2019, 10:54:40 PM
 #270

scam sha 512 , ASIC hamsters breeding project   Grin Grin Grin
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January 18, 2019, 11:24:26 PM
 #271

An attempt at valuation:

Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price

Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.

Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.  

Is Grin worth 7.2% of Bitcoin at this time?  Definitely not.  It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.

Conclusion:  Grin is currently highly overvalued at $6.5
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January 18, 2019, 11:38:20 PM
Last edit: January 18, 2019, 11:48:25 PM by Last of the V8s
 #272

An attempt at valuation:

Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price

Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.

Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.   

Is Grin worth 7.2% of Bitcoin at this time?  Definitely not.  It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.

Conclusion:  Grin is currently highly overvalued at $6.5

60 coins/block Embarrassed

otherwise yes it's early days for price discovery on the markets. note that it is much cheaper than that to mine

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January 19, 2019, 12:54:29 AM
 #273

An attempt at valuation:

Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price

Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.

Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.  

Is Grin worth 7.2% of Bitcoin at this time?  Definitely not.  It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.

Conclusion:  Grin is currently highly overvalued at $6.5


Agreed...
But that's kinda the norm when an ultra hyped coin launches, no?. Market value is a joke.
We all know it will be a few cents in no time... then the usual pump dump thing.
Wasn't z-cash like 6 btc per coin momentarily when it launched or some such nonsense?

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January 19, 2019, 01:56:55 AM
 #274

An attempt at valuation:

Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price

Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.

Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.  

Is Grin worth 7.2% of Bitcoin at this time?  Definitely not.  It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.

Conclusion:  Grin is currently highly overvalued at $6.5


Indeed it's overvalued. Sweat at the joker who made one of the first purchases at $261

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January 19, 2019, 03:10:21 AM
 #275

Hello all beloved Ledgendaries here,

I read the OP, that present Linux  mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
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January 19, 2019, 03:15:46 AM
 #276

Hello all beloved Ledgendaries here,

I read the OP, that present Linux  mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.

You can mine with linux and windows. Go to the OP and join the discord has more information on mining. Price is not holding up maybe buy it at the exchange is a better option.
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January 19, 2019, 03:27:23 AM
 #277

firstly I wanna say something good as the first altcoin GRIN selected support this forum like payment of said information from (theymos and cobrabitcoin)

OK, anyone know the remote-node for GRIN coin??

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January 19, 2019, 06:10:30 AM
 #278

An attempt at valuation:

Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price

Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.

Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.  

Is Grin worth 7.2% of Bitcoin at this time?  Definitely not.  It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.

Conclusion:  Grin is currently highly overvalued at $6.5


Indeed it's overvalued. Sweat at the joker who made one of the first purchases at $261

Wash trade.

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January 19, 2019, 07:04:30 AM
 #279

Payment guide f2pool

https://blog.f2pool.com/en/mining-tutorial-en/grin_payout_en

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January 19, 2019, 08:04:48 AM
 #280

If you're looking to mine some Grin but don't want the hassle and expanses of maintaining a rig, might as well rent some hashpower over at MiningRigRentals.com
 There are plenty of rigs for rent now, and prices have dropped since most of the hype is gone now.  Wink
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