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Author Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.  (Read 60726 times)
nakaone
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January 23, 2019, 09:20:33 PM
 #461

This would be amazing if not for the infinite supply and stupid emissions policy.

Just because it's design does not meet your specific use case does not make it stupid. Actually it is quite the opposite.

I am fairly sure it will fail due to emission policy and I really hope I am wrong.

Once the hype fails it will have a hard time to absorb 1 grin per second for the rest of its time especially in the first years - there will be little incentive to hold and to mine to secure the network except for idealistic reasons: Even if it somehow succeeds it will be in hands of a small group for the reasons given.

The argumentation that it is used for spending because inflation is high would imply that there a places to spend the currency. The reasons that crypto is not used for spending is not the inflationary policy but regulatory boundaries and that there are basically no places to spend them - I personally do not see why a new coin with a new protocol should change it  - it will compete against a 4 digit number of existing cryptocurrencies. It would even have a hard time if the emission policy would have been chosen wisely.

Nevertheless it is probably the most interesting project launched in the last two years and therefore I will follow it. The protocol is really innovative, the community driven decentralized and anarchistic mentality is probably the only way to launch a new cryptocurrency, the name is great and I fuckin love the logo Smiley but cryptocurrencies are first and foremost money with its specific characteristics and I think you fucked it up there big times. Nevertheless I hope to be proven wrong over time   

 
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KevinMiles
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January 23, 2019, 09:53:08 PM
 #462

Guys, it there any Win10 miner for the C13 algo? Cant find one yet ? Embarrassed
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January 23, 2019, 10:00:52 PM
Last edit: January 23, 2019, 10:12:20 PM by sirazimuth
 #463

.... now it runs with no issue since 8 hours with 4.10 G/s per GTX 1070.
...

Jeeezus!!! 4.1 per 1070 eh?  I'm getting just over 3 per card with mine. (1070's too)
Guess Bob was right about this Goldminer crap miner I'm using.
Well if I get ambitious (unlikely) I'll go down into the freezing mining dungeon (the cellar)
 and flail about and see if I can't tweak it without phukking it all up....  


Oh and btw coinmarketcap...
you list every worthless useless shitcoin some bored millennial creates on his iphone...
so time to list this shit... yeah?
(sorry folks, I can be an impatient bastard sometimes)

Bitcoin...the future of all monetary transactions...and always will be
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January 23, 2019, 10:16:48 PM
 #464

I'm getting about 5.2 GPS per 2070 using bminer on Linux at 75% power. It's much better than the 3.8 I was receiving with grin-miner! Mwgrinpool has also been great. 0 downtime this entire time I've been mining and never any issues withdrawing.

"ツ" aka "Tsu" was adopted as the official currency symbol of the project.

Bad idea IMO since ツ is so common in Japanese. It'd be like using the letter "G" as their symbol.

True. I didn't know they were even considering Tsu. I saw lots of discussions about different Gs with lines through them but this is just odd.

Does this work on GTX 1060 6GB?

Did anyone try  Huh Huh

I'm getting about 2.2 GPS with my 1060 using bminer on Linux.
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January 23, 2019, 10:26:44 PM
 #465

I just started mining Grin in grinmint.com (Win10, AMD). I've created account in BitForex, as this seemed like the most straight-forward way to get a wallet address where I can send the mined coins (when confirmed etc).
Can somebody who has already went through that explain the process - once there are mined coins in GrinMint, how to get them in BitForex with min.risk?

Another question - I saw some topics for Bminer being the fastest miner. I have AMD cards, so it doesn't work with them, right?

RX 580, 8GB gives me ~ 1,5 gps - is that OK, good or bad?
trackers
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January 24, 2019, 01:22:24 AM
 #466

This would be amazing if not for the infinite supply and stupid emissions policy.

Just because it's design does not meet your specific use case does not make it stupid. Actually it is quite the opposite.

I am fairly sure it will fail due to emission policy and I really hope I am wrong.

Once the hype fails it will have a hard time to absorb 1 grin per second for the rest of its time especially in the first years - there will be little incentive to hold and to mine to secure the network except for idealistic reasons: Even if it somehow succeeds it will be in hands of a small group for the reasons given.

The argumentation that it is used for spending because inflation is high would imply that there a places to spend the currency. The reasons that crypto is not used for spending is not the inflationary policy but regulatory boundaries and that there are basically no places to spend them - I personally do not see why a new coin with a new protocol should change it  - it will compete against a 4 digit number of existing cryptocurrencies. It would even have a hard time if the emission policy would have been chosen wisely.

Nevertheless it is probably the most interesting project launched in the last two years and therefore I will follow it. The protocol is really innovative, the community driven decentralized and anarchistic mentality is probably the only way to launch a new cryptocurrency, the name is great and I fuckin love the logo Smiley but cryptocurrencies are first and foremost money with its specific characteristics and I think you fucked it up there big times. Nevertheless I hope to be proven wrong over time   

 

Yup I agree with this. A counterpoint is 'well its meant to be money and its designed well for that - its not meant for speculation' - But the reality is, I think, that any coin is not likely to be picked up en masse unless there's good potential for speculation, and its after that point it could then be adopted as money
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January 24, 2019, 02:02:55 AM
 #467

This would be amazing if not for the infinite supply and stupid emissions policy.

Doesn't ETH also have infinite supply though? Roll Eyes
And the emission might be considered low... well... I can't judge it yet since the price and the interest on the project fluctuates wildly.

I'm not saying I disagree with your points, I'm only saying that we can't draw any conclusions yet... whether the supply and emission policies are correct or wrong.

Agreed. Sometimes it appears to me that bitcoin's capped supply might be a mistake. Can the miners really be incentivized to secure the ledger forever from the fees alone?

Yes but with high fees. However, does it have to be that way?

..bustadice..         ▄▄████████████▄▄
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......Play......
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January 24, 2019, 02:17:12 AM
Last edit: January 24, 2019, 02:49:46 AM by bones261
 #468

Well, I decided to switch from grin gold miner to bminer. I notice that bminer is more easy on my CPU. However, I notice that the miner states that I am mining at 3.86. The pool, however; is stating that it is only at 2.8.
Is bminer not estimating my hash rate correctly?


edit: Never mind, I think that I need to get a better sample than 30 minutes.  Cheesy
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January 24, 2019, 02:30:08 AM
 #469

Grin will be a great coin, miners seem more interested and there will be great progress. Many users want costs that are not too burdensome but easy to reach. Grin's journey provides positive enthusiasm.

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January 24, 2019, 02:37:02 AM
Merited by VoskCoin (1)
 #470



You should edit the grin thread icon to be the smiley face instead of the default documents image.  It's practically the grin logo!

 Smiley

I would have submitted a pull request on GitHub, but that isn't a change I could make on a text document.

kronos123
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January 24, 2019, 06:20:38 AM
 #471

First big exchange to quote Grin after just a week after his birth and exit: OKEX
I believe that in 2-3 months we will find it on every Top exchange; But pay attention to the price: if you want to undermine it's fine, but if you want to buy, I recommend waiting a few more months!

https://www.reddit.com/r/grincoin/comments/aj1evm/so_it_beginsokex_the_first_big_exchange_to_list/
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January 24, 2019, 07:09:36 AM
 #472

Cool one! I'we started to mine it. But how/where to mine 31 on windows?

▬▬ EAGLEX  ▬▬
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KevinMiles
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January 24, 2019, 07:54:18 AM
 #473

Cool one! I'we started to mine it. But how/where to mine 31 on windows?

I also want to know but nobody answers. Cant find a proper solution anywhere!?  Huh
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January 24, 2019, 08:26:16 AM
 #474

Cool one! I'we started to mine it. But how/where to mine 31 on windows?

I also want to know but nobody answers. Cant find a proper solution anywhere!?  Huh

No, because there's no way to do that for now unless you're an ASIC developer.
The Cuckatoo31 (C31) is an ASIC-friendly algorithm but I don't think there are any ASICs at the moment.

Maybe in theory people would be able to use GPUs to mine C31 until ASICs appear, I don't know but the difficulty of C31 could be that high that even if fewer GPUs mine it compared to C29 it's not as profitable... I repeat MAYBE... I don't know.
What I know is that C31's hashrate is 0 at the moment.
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January 24, 2019, 09:33:44 AM
 #475

I just started mining Grin in grinmint.com (Win10, AMD). I've created account in BitForex, as this seemed like the most straight-forward way to get a wallet address where I can send the mined coins (when confirmed etc).
Can somebody who has already went through that explain the process - once there are mined coins in GrinMint, how to get them in BitForex with min.risk?

Another question - I saw some topics for Bminer being the fastest miner. I have AMD cards, so it doesn't work with them, right?

RX 580, 8GB gives me ~ 1,5 gps - is that OK, good or bad?

W10, RX 580, GrinGold Miner 7.2 app. 1,7gps
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January 24, 2019, 09:43:43 AM
Merited by suchmoon (4)
 #476

1060 6gb win 10 nvidia 417.35 driver = 2.47-2.7 G/s
power limit 60
core 0
mem +800
bminer 13.1.0

Бayнтиcт ceдьмoгo днa...
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January 24, 2019, 10:27:06 AM
 #477

I just spotted on www.howtobuygrin.com that Kucoin is listing Grin today

https://twitter.com/kucoincom:
"Trading pairs include GRIN/BTC, GRIN/ETH and GRIN/USDT. Buying starts Jan 24, 2019, 17:30 (UTC+8), selling starts Jan 24, 2019, 18:00 (UTC+8) and withdrawal opens Jan 26, 2019, 18:00 (UTC+8)."
kronos123
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January 24, 2019, 10:42:39 AM
Last edit: January 24, 2019, 01:02:09 PM by kronos123
 #478

First big exchange to quote Grin after just a week after his birth and exit: OKEX
I believe that in 2-3 months we will find it on every Top exchange; But pay attention to the price: if you want to undermine it's fine, but if you want to buy, I recommend waiting a few more months!

https://www.reddit.com/r/grincoin/comments/aj1evm/so_it_beginsokex_the_first_big_exchange_to_list/


A few hours after the first big exchange that has quoted Grin, others start to follow.
Kucoin also announced the listing of Grin, with the Btc, Eth and Usdt couples

https://news.kucoin.com/en/grin-grin-gets-listed-on-kucoin/



edit:
Updated list of all exchanges



www.bitforex.com
www.bitmesh.com
www.galeon.exchange
www.grinpay.org
www.chainrift.com
www.hb.top
www.nexex.io
www.vinex.network
www.kkex.vip
www.bisq.network
www.bit.cc
www.lbank.io
www.bibox.com
www.tradeogre.com
www.okex.com
www.kucoin.com
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January 24, 2019, 10:43:03 AM
 #479

1060 6gb win 10 nvidia 417.35 driver = 2.47-2.7 G/s
power limit 60
core 0
mem +800
bminer 13.1.0


Hi I have rig and want to know about config setting..

My Mining Details are :  
EMAIL:                            hello@mail.com
Pass:                               hello@abc
Pool Name:                     grin.sparkpool.com:6666

Bminer Config file is below

ADDRESS=bminergrin
USERNAME=$ADDRESS.worker
POOL=grin29.f2pool.com:13654
SCHEME=cuckaroo29
PWD=foo

./bminer -uri $SCHEME://$USERNAME:$PWD@$POOL -api 127.0.0.1:1880


Help me to exact grin config details ?
pbfarmer
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January 24, 2019, 11:13:11 AM
 #480

Cool one! I'we started to mine it. But how/where to mine 31 on windows?

I also want to know but nobody answers. Cant find a proper solution anywhere!?  Huh

No, because there's no way to do that for now unless you're an ASIC developer.
The Cuckatoo31 (C31) is an ASIC-friendly algorithm but I don't think there are any ASICs at the moment.

Maybe in theory people would be able to use GPUs to mine C31 until ASICs appear, I don't know but the difficulty of C31 could be that high that even if fewer GPUs mine it compared to C29 it's not as profitable... I repeat MAYBE... I don't know.
What I know is that C31's hashrate is 0 at the moment.

lol wat???

https://www.grinmint.com/pages/network-charts.html

Tons of people mining c31 already - mostly nvidia on linux.
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