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

[Cryptotourist]

That would be the solo option dude.
Regardless, mining in a pool with not many users has it's advantages & disadvantages.
Could get paid more than average. Depends on many factors, including luck & knowing what you are doing. #dyor

[Hueristic]

Anonymint read through all the replies here, and has posted some rebuttals. He's asked me to link to the following post:
https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-re-anonymint-scaling-decentralization-security-of-distributed-ledgers-20190214t094248913z

Reading Shelby's posts is a blackhole not worth diving into.

[Cryptotourist]

Some pools have it set up that the miner who solves the block gets all of the rewards, CK (Who is or used to be a mod on here) ran one for slow sha miners, it was more a fun run thing, the pool operator usually gets all the fees or extras on top of the block reward.

Didn't know that, thanks.
As you said it's more of a fun thing, I cannot imagine this can ever be the case for the majority of pools.

#

Sparkpool seems to have adopted a fuck you approach recently.
They raised their withdrawal limits to 3 Grin. Fair enough.
But what's not fair is the way they implement this.

Let's say you have 3 Grin ready for withdraw. And today you mined 1 more Grin & stopped.
Previously that extra Grin - give it 24h - would have been added to the pending balance and you could withdraw 4 Grin.
Now it's like 3, 3, 3, only 3, which if you don't get the timing right, you are bound to 'loose' something.

Would like to know if f2pool is the same (or any of the top 5) - before switching over.

[Rabinovitch]

bminer 15.0.0 supports mining of cuckatoo31 with 8GB cards, but does not support Win 10 yet. Got 0.75 G/s per 1070 on Ubuntu 16.04.

Aorus 1070 here and it says 7700mb are not enough for the solver...  

Enlarge your pagefile and then reboot Windows. My 1070s were working OK with C31. But C29 is still a bit more profitable for 1070s...

[Cryptotourist]

I believe with F2Pool you can withdraw anytime after 3 and not just 3 at a time. So 3 - infinity. Just after you withdraw you'll need to wait until 3 again to process another.

Thanks man. That's how sparkpool also used to be.

[Bitmesh Official]

Bitmesh supports fast and automatic deposits and withdrawals of grin https://bitmesh.com/exchange?market=btc_grin#/

[JasonSW]

Can some one help to clarify the right format of withdrawal address from KuCoin to local wallet? Tried http://xxx.xxx.xxx.xxx:3415 not go through.

[RivAngE]

I was comparing GRIN and BEAM and I noticed that BEAM has a 20% fee which goes to the developers.
GRIN is community driven, so that probably means there's no equivalent fee? Just, how are the community devs being rewarded? They aren't?

[busminer]

Grin v1.0.2 is released!

Grin v1.0.2 is released!
Please, please, please: upgrade. An up-to-date network is a healthy one and it looks like a good chunk of the network is still on 1.0.0, with 40 days of fixes missing.

https://github.com/mimblewimble/grin/releases/tag/v1.0.2

[busminer]

Grin v1.0.2 is released!

Grin v1.0.2 is released!
Please, please, please: upgrade. An up-to-date network is a healthy one and it looks like a good chunk of the network is still on 1.0.0, with 40 days of fixes missing.

https://github.com/mimblewimble/grin/releases/tag/v1.0.2

Well hopefully they communicate it a bit better, 40 days and no one has come to the Bitcointalk thread to discuss it?

🤷‍♂️ I don't even know how to comment on that (
They are more active on Gitter chat
https://gitter.im/grin_community/dev?source=orgpage

[Ano]

It is wondering who is selling his coin even this was not rise like other markets but crashing so hard. It seems recovery period would take more longer time than expected.

[Hueristic]

It is wondering who is selling his coin even this was not rise like other markets but crashing so hard. It seems recovery period would take more longer time than expected.

This coin has taken a bit of a dive on price, it seems the buzz of it being new has calmed.

It has nothing to do with buzz, the emission was never intended to be sustainable for a pumping coin by design.

[Texacha]

It has nothing to do with buzz, the emission was never intended to be sustainable for a pumping coin by design.

Emission is same as any other coin for first 4 years.
Exact same as Raven or as Bitcoin or Litecoin.

There is no halvening after 4 years, but that yr 2023 is far, far away in crypto.

[Febo]

It is wondering who is selling his coin even this was not rise like other markets but crashing so hard.

Only smart miners are selling. In general most of miners seems very smart people to me.  Price of Grim will go under 10k sat. Mark my words.

[dungp3132]

Only smart miners are selling. In general most of miners seems very smart people to me.  Price of Grim will go under 10k sat. Mark my words.

Grincoin is actually a good altcoin, one of the best altcoins, after Ethereum, DASH, Monero.
More than ten years after the beginning of the bitcointalk forum, since the day theymos took over the forum from satoshi, Grin coin is the first altcoin accepted as one of the payment means in the forum.
By now, only two payment gates:
One in Bitcoin, for years.
Second in Grin coin, since recent months.
It's more than impressively for Grin.

Nevertheless, I totally agreed with you that Grin coin has to been corrected deeply.
Where it come from, it will be corrected to that price range, before staring next round of growth.

[Hueristic]

It has nothing to do with buzz, the emission was never intended to be sustainable for a pumping coin by design.

Emission is same as any other coin for first 4 years.
Exact same as Raven or as Bitcoin or Litecoin.

There is no halvening after 4 years, but that yr 2023 is far, far away in crypto.

Emission Rate

Bitcoin's 10 minute block time has its initial 50 btc reward cut in half every 4 years until there are 21 million bitcoin in circulation. Grin's emission rate is linear, meaning it never drops. The block reward is currently set at 60 grin with a block goal of 60 seconds. This still works because 1) dilution trends toward zero and 2) a non-negligible amount of coins gets lost or destroyed every year.

Please explain this to me again, I guess maybe I have no reading comprehension?

https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

[RivAngE]

It has nothing to do with buzz, the emission was never intended to be sustainable for a pumping coin by design.

Emission is same as any other coin for first 4 years.
Exact same as Raven or as Bitcoin or Litecoin.

There is no halvening after 4 years, but that yr 2023 is far, far away in crypto.

I agree that the emission is as with any other coin, it's at least EXACTLY the same as Ravencoin's. I'm defending the developer's decision since the start.
However, an important factor for the coin's price is that there are no plans for a halving. This alone keeps some investors away, even if it won't matter for 4 years or more. There's also no maximum supply.

I remember that the team has stated that GRIN is not targeting to be another "store of value", it's not aiming to compete with Bitcoin and XRP.
If I were to invest a big amount of money for the long term right now, would I choose BTC which is the most widely adopted and as future-proof as it gets? Would I choose XRP for its slow coin burning? Or would I choose GRIN which is a new and cheap coin, but will issue new coins forever?

Well... right now I'd go 40%-40%-20% (GRIN-XRP-BTC) because GRIN is undervalued, but as soon as my investment would be at 200% I'd sell most of the coins for something else.
I believe many are thinking the same way, which is why I don't expect 2000% price pumps.

[Texacha]

Please explain this to me again, I guess maybe I have no reading comprehension?

https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

"For first 4 years" is the key in my statement.

@RivAnge
Neither Ethereum had or have max supply. Overall, I agree with almost everything you wrote.

[pbfarmer]

It has nothing to do with buzz, the emission was never intended to be sustainable for a pumping coin by design.

Emission is same as any other coin for first 4 years.
Exact same as Raven or as Bitcoin or Litecoin.

There is no halvening after 4 years, but that yr 2023 is far, far away in crypto.

I agree that the emission is as with any other coin, it's at least EXACTLY the same as Ravencoin's. I'm defending the developer's decision since the start.
However, an important factor for the coin's price is that there are no plans for a halving. This alone keeps some investors away, even if it won't matter for 4 years or more. There's also no maximum supply.

I remember that the team has stated that GRIN is not targeting to be another "store of value", it's not aiming to compete with Bitcoin and XRP.
If I were to invest a big amount of money for the long term right now, would I choose BTC which is the most widely adopted and as future-proof as it gets? Would I choose XRP for its slow coin burning? Or would I choose GRIN which is a new and cheap coin, but will issue new coins forever?

Well... right now I'd go 40%-40%-20% (GRIN-XRP-BTC) because GRIN is undervalued, but as soon as my investment would be at 200% I'd sell most of the coins for something else.
I believe many are thinking the same way, which is why I don't expect 2000% price pumps.

Would you put 40% of your portfolio in cash in a traditional market?  That's basically what you are proposing w/ this split.

The intention of this coin, considering it's emission schedule, is to be a medium of exchange.  Such a vehicle is not traditionally held in such large positions, unless one is hedging against (or expecting) downward movement elsewhere, or planning on a spike in value for some other reason. 

I guess you're suggesting the latter - which begs the question... undervalued by what measure?

[RivAngE]

Emission is same as any other coin for first 4 years.
Exact same as Raven or as Bitcoin or Litecoin.

There is no halvening after 4 years, but that yr 2023 is far, far away in crypto.

<quote snip>
Well... right now I'd go 40%-40%-20% (GRIN-XRP-BTC) because GRIN is undervalued, but as soon as my investment would be at 200% I'd sell most of the coins for something else.
I believe many are thinking the same way, which is why I don't expect 2000% price pumps.

Would you put 40% of your portfolio in cash in a traditional market?  That's basically what you are proposing w/ this split.

The intention of this coin, considering it's emission schedule, is to be a medium of exchange.  Such a vehicle is not traditionally held in such large positions, unless one is hedging against (or expecting) downward movement elsewhere, or planning on a spike in value for some other reason.  

I guess you're suggesting the latter - which begs the question... undervalued by what measure?

I'd be happy to explain why I call it "undervalued", but please bear with my train of though! Also the main topic for the price can be continued in the appropriate thread if you want (link)
I always value a project, a stock or a coin based on their competition.

For the GRIN's case I compare it to Ravencoin and Monero. Ravencoin because of both having the same emission (for 4 years) and the same launch-type (no ICO/premine, community driven). Monero because its main selling point is probably its privacy, the same as GRIN's.
Judging by the price of both coins, I'd expect GRIN to have 2.5 times its current price on the short term and rival Ravencoin. Maybe if it's successful it can become stable at about 3 to 4 times its current price.
If that was to happen in 4 months from now, by that time we'll have 3 times more coins issued. So a 4 times increase in price and a 3 times increase in supply will result in 12 times its today's market cap.
With today's data, a 12 times increase of market cap would bring GRIN at $194m and position 32, still a lot lower than Monero's $810m market cap.

It all depends on where you place GRIN in comparison with other projects with similar customer target. Personally I place it around place 30-40 by marketcap and that's why I see it undervalued.

"For first 4 years" is the key in my statement.

@RivAnge
Neither Ethereum had or have max supply. Overall, I agree with almost everything you wrote.

No, but they're doing halvings by time to time (and ETH has a lot of uses which GRIN is lacking).
Actually, I'm expecting the block reward to be a reason for GRIN to fork split down the road, when the community will be divided between reducing the block reward or sticking with their initial announcement.