[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.

[vapourminer]

I want to withdraw a small test amount from bitmesh. The exchange asks me for an address, as usual. I'm overstrained to create an address for my wallet. I'm using the grin software version 1.0.0 on ubuntu 18.04.1 LTO. I have created two accounts, "default" and "test". How to choose the account, and how to create an address? Any help please. Hope it is not for nerds only.

i emailed the payout from grinmint. then imported the text file to the ubuntu official wallet and sent the response file back. you also need a node running for the wallet to talk to.

[kostepanych2]

Mining on grinmint.com...
What is the difference between Primary Hashrate and Secondary Hashrate?
And how much time must pass till Balance will become mature?

[dmitry_nch]

primari is 31algo for hi-end gpu 11gb+ memory. secondary is hashrate 29algo 6-8gb gpu
for mature waiting some blocks ~1400 if im not wrong

[Hueristic]

Conclusion:  Grin is currently highly overvalued at $6.5

Question is not if price of Grin is over evaluated right now, but at what price and at what time will Grin found bottom.  I believe most pessimistic date could be even 4 years form now and deep in 4 digits of satoshies.

I'm guessing more like 2 years and who know what BTC will be worth then so it is hard to judge what this will be worth in comparison.

[mindrust]

I am already bored of mining this coin. Mostly because I learned that minimum pay out on f2pool is 5 grins. (mining on 1 card and it will take ages to get the coins out :/)

But I also realized, If the value is guaranteed to go down at least for the next 2 years because of the insane inflation rate, then why would I put any hash on this coin or buy it? Doesn't make much sense.

More people will think like me eventually and only the believers will be left to mine it. When they made their banks after a year or two, it may go up but it will still be a dangerous bet because only a handful of people will own huge number of coins and they may decide to dump at any time. The only good outcome (where the coin doesn't die and go up) may play out if the coin accomplishes a better scalability than bitcoin without sacrificing the security.

I'll invest $100 when the time is right. Not now.

[mindrust]

I am already bored of mining this coin. Mostly because I learned that minimum pay out on f2pool is 5 grins. (mining on 1 card and it will take ages to get the coins out :/)

Goddamnit. Already wasted too much hash on f2pool to give up now. Will accrue the 5 required for a payout and probably quit mining this crap... or something...

Don't mine it with your only card Bob. Play games instead. It feels like shit using a slowed down PC.

[Cryptotourist]

Does anyone know anything more about this:

https://grinpro.io/#home

[theymos]

You know Grin could easily be the king of in person transactions, imagine just tapping and the payment script gets transferred. Simple as that, no worries about double spend or any bullshit either. The file for transferring funds could really be nice.

Grin transactions are not immune to double-spends. Offline in-person Bitcoin transactions would have the same level of security.

[bbc.reporter]

I am running Grin! The build was smooth except for installing the wrong version of rust. I did not listen and used apt get instead of rustup hehehe.

In any case, what exchange can we buy some grin but without KYC? I want to buy a small amount to begin using this complicated wallet hehe.

[Hueristic]

As with many other cryptocurrencies, Grin will be friendly to ASIC hardware. However, Thompson says there's a second proof-of-work algorithm that is ASIC resistant, called Cuckaroo, which can be mined with CPUs and GPUs.

https://www.pcgamer.com/sapphire-says-gpu-mining-is-making-a-comeback-outs-a-16gb-radeon-rx-570/

W0w, Sapphire has an idiot in charge.

[chrysophylax]

I am running Grin! The build was smooth except for installing the wrong version of rust. I did not listen and used apt get instead of rustup hehehe.

In any case, what exchange can we buy some grin but without KYC? I want to buy a small amount to begin using this complicated wallet hehe.

Not Many ...

#crysx

[XXVXX]

This is interesting and certainly will make everyone who does it get excited.
But will you launch a prize launch? And when is that?
Hopefully in the future we can be more careful.

[Telecaster_]

I think I'll do the same, just get the 5 coins and move on. I can't use all my GPUs anyway as I can't increase my pagefile enough to run them all as it runs out of VM.

[Silber]

I was very interested in Grin. Just yesterday theymos announced to accept Grin as a means of payment. Before that, only Bitcoin could enjoy this honor. Even Ethereum, Monro, etc. did not have such treatment.
So as a response to the BTT Forum, will Grin plan to have a BTT Forum Bounty Campaign?

Bounty campaign? Why don't you grab a couple of GPU's and mine it? The mainnet went online 3 days ago. You didn't miss anything. Also the inflation rate will be so big for the first year, you'll be able to buy cheap coins as much as you want during that period.

buying high inflation currency - like GRIN in the first year - is like burning your money

[sirazimuth]

I am already bored of mining this coin. Mostly because I learned that minimum pay out on f2pool is 5 grins. (mining on 1 card and it will take ages to get the coins out :/)

Goddamnit. Already wasted too much hash on f2pool to give up now. Will accrue the 5 required for a payout and probably quit mining this crap... or something...

I hear ya bro.
I reckon I'll have 5 coins mined in about a week. Proceeds might get me a six pack of cheap beer.
(if I figure out how to sell the damn things for fiat.... ahh phukkit... I'll just hold em for a shiggle)
Those days when my 2 1070's were pulling in around $8-$10 worth of bitcoin a day on Nicehash are long gone....

[mlord10]

I am already bored of mining this coin. Mostly because I learned that minimum pay out on f2pool is 5 grins. (mining on 1 card and it will take ages to get the coins out :/)

Goddamnit. Already wasted too much hash on f2pool to give up now. Will accrue the 5 required for a payout and probably quit mining this crap... or something...

I hear ya bro.
I reckon I'll have 5 coins mined in about a week. Proceeds might get me a six pack of cheap beer.
(if I figure out how to sell the damn things for fiat.... ahh phukkit... I'll just hold em for a shiggle)
Those days when my 2 1070's were pulling in around $8-$10 worth of bitcoin a day on Nicehash are long gone....

Right, it wouldn't be so bad if we were at least pulling down the same amount of satoshi... ugh

[Febo]

I was very interested in Grin. Just yesterday theymos announced to accept Grin as a means of payment. Before that, only Bitcoin could enjoy this honor. Even Ethereum, Monro, etc. did not have such treatment.
So as a response to the BTT Forum, will Grin plan to have a BTT Forum Bounty Campaign?

Bounty campaign? Why don't you grab a couple of GPU's and mine it? The mainnet went online 3 days ago. You didn't miss anything. Also the inflation rate will be so big for the first year, you'll be able to buy cheap coins as much as you want during that period.

buying high inflation currency - like GRIN in the first year - is like burning your money

Agree. Bottom might be found in 4 years time if all goes as developers are planing. There is always risk that that could fail since all cryptocurencies are just an experiment.

[bones261]

 I really despise coins that launch with only a cli client. It is so 90s. Also, not having an official Windows version is not forgivable. Correct me if I am wrong, didn't Satoshi launch BTC with both a GUI and Windows compatible?
    I have found the miner that is compatible with Windows and have mined it a little, starting yesterday. However, the cooling on my desktop is shitty, especially for the CPU. I don't like to see my CPU temps running in the 70s with spikes in the 90s. So I have only been running it for about an hour here and there.
    I haven't bothered setting up a node yet. I haven't used the VM in over a year and don't think it is worth it to run a node via Vultr.
    (As an aside, I am running Grin Gold Miner, and I think it's funny that it stores my password in plain text.  But so does BTC RPC. Oh well.)

[LFC_Bitcoin]

Hands up who is going with this just because theymos has backed it himself?
I’m going to give it a miss myself for now, maybe I’m being stupid but I can always buy in at a later date if it’s making obvious positive steps.

Edit - I’m waiting for the ‘I downloaded a fake Grin wallet that contained malware & somebody stole all my bitcoin’ threads

[bones261]

Hands up who is going with this just because theymos has backed it himself?

I'm in that boat. I wouldn't have bothered with this at all if it wasn't for theymos. However, I have been hearing about this on twitter for quite sometime.