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Author Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.  (Read 60701 times)
infofront
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February 14, 2019, 08:10:08 PM
Merited by vapourminer (1)
 #981


Meh, shitload of conjecture argued as if it were facts as usual.

Quote
The money supply grows more slowly over time, so the decline decelerates into a small tail reward and thus a dubious level of security

Bullshit.
Yeah it doesn't make too much sense now does it? If the security was low then difficulty would be low too and people back to mining.

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
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February 15, 2019, 01:46:03 AM
 #982

I own 6GB cards in this case I can not mine GRIN, will it be that in the future we will have mining for 6GB and 4GB cards? thank you!
Me too.
I got same issues as yours because I have 4 rigs (6 AMD cards per rig), but I unfortunately can not mine Grin because those cards have only 4GB in memory.
I wish someday experts will release new mining tools which allow 4 GB memory cards can mine the coin officially, or release a guide on how to setup virtual memory to mine Grin with only 4 GB in memory.
For now, I have only one option, trading Grin coin on exchanges and try to accumulate as many Grin coins as possible.




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#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
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February 15, 2019, 01:57:17 AM
 #983


Meh, shitload of conjecture argued as if it were facts as usual.

Quote
The money supply grows more slowly over time, so the decline decelerates into a small tail reward and thus a dubious level of security

Bullshit.
Yeah it doesn't make too much sense now does it? If the security was low then difficulty would be low too and people back to mining.

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
Skimmed to the part where I was mentioned and read two sentences, he has valid points but that's mostly at shitcoins that are pump and dumps on life support. If a rented hashrate can take you out then you're not strong enough that and the author himself said "Note this posited insecurity is a problem perhaps a decade or two from launch when the constant minted reward has become a small tail reward"

A decade or two? In crypto we have already found out if this coin would be a winner or a loser, we would already be on Gen 6+ asic but also he contradicted himself on Grin.

"such as against rented hashrate attacks and the Cuckoo cycle may be vulnerable to botnets while it’s ASIC resistant" So their implementation of a constant reward would help prevent a rented hash attack for a decade or two but it's vulnerable during it's asic resistance which is planned to switch within two years?

The only way for this to work is if the price plummeted and the GPU miners left for another coin before asics hit, then a cpu botnet would easily be a real possibility to come in and take over but at that point this coin was most likely already gone. Just as we have seen with small shitcoins that were mined at a loss and were only floated by a few hundred community fans.


This is totally a possibility for if gpuminers split and there are no fpga/asic users but then who are the losers? Bag holder fanboys of a dying shitcoin? Do we even care then?

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
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February 15, 2019, 01:58:01 AM
 #984

I own 6GB cards in this case I can not mine GRIN, will it be that in the future we will have mining for 6GB and 4GB cards? thank you!
Me too.
I got same issues as yours because I have 4 rigs (6 AMD cards per rig), but I unfortunately can not mine Grin because those cards have only 4GB in memory.
I wish someday experts will release new mining tools which allow 4 GB memory cards can mine the coin officially, or release a guide on how to setup virtual memory to mine Grin with only 4 GB in memory.
For now, I have only one option, trading Grin coin on exchanges and try to accumulate as many Grin coins as possible.
You can in lean mode just don't expect any viable hashrate.

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
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February 15, 2019, 02:37:11 AM
 #985

decentralized and autonomous, great
this means that the project has been very much in the process of developing it, it seems that the team is also very confident even without excessive investors with the use of autonomous projects, brave enough to say it, but hope you successfully
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February 15, 2019, 02:39:46 AM
 #986

Over three months after the start of Grin coin, I thought that the Grin coin will be one of the most deserved altcoins to invest in 2019.
Moreover, Grin coin might move upwards significantly in the top 50 on Coinmarketcap.com over time, when more coins are available in its total circulating supply and the price of Grincoin increase.

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February 15, 2019, 12:05:26 PM
 #987

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!




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#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
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February 15, 2019, 01:47:06 PM
 #988

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!
Any exchanges without KYC yet? They all seem to require submitting information I don't trust them to keep secure.

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
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February 15, 2019, 02:38:49 PM
 #989

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!
Any exchanges without KYC yet? They all seem to require submitting information I don't trust them to keep secure.

Bitmesh
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February 15, 2019, 02:49:17 PM
 #990

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!
Any exchanges without KYC yet? They all seem to require submitting information I don't trust them to keep secure.

Bitmesh
Bitforex
I always thought Bitforex was KYC, I guess I have my list of exchanges I usually stick to.

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
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February 15, 2019, 03:19:39 PM
 #991

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!
Any exchanges without KYC yet? They all seem to require submitting information I don't trust them to keep secure.

Bitmesh
Bitforex
I always thought Bitforex was KYC, I guess I have my list of exchanges I usually stick to.

they have KYC but unlike poloniex ($0.00 USD daily limit if no KYC), in those two exchange you can buy/sell, deposit/withdraw. although i don't know how much is allowed for no KYC accounts.
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February 15, 2019, 04:02:00 PM
 #992

So I was messaged about the steemit post being updated. That post is here : https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-re-anonymint-scaling-decentralization-security-of-distributed-ledgers-20190214t094248913z

Now I understand the posters points and he makes a lot of them but I think there are things we disagree on. Now the big 51% attack he details is Ethereum Classic, which I consider a coin that was only propped up on ideological views and weak against it's big brother Etheruem. I do consider it a shitcoin, as I also consider other ideological forks shitcoins, such as Bitcoincash.

But he mentions a few things, 51% attacks can happen to all PoW coins, this is definitely true with CPU only coins most likely being the easiest. Asics do make it super easy to attack fresh coins and unprofitable coins.

The link he has showing the cost of current 51% attacks and how much of it could be bought in nicehash is more than worry some for tons of coins. Some of these coins have a Market cap in the 20s of millions and cost less than $50 to attack. I do think unless there is a lot of extra hashpower sitting around the quick gobble up of all rented power will cause the rental price to spike.

I am in no disagreement that it's possible for Grin to be 51% attacked but as it cost more and is less profitable it's less likely, the anonymity does make it an extra attractive target as well.

I think there is confusion on where we see the future of grin. The poster says he does see Grin as a top 10 crypto due to it's nerd status.

I do as well but not long term, I am in agreement with OP, the holders will not want this coin due to supply setup. I know I wouldn't, I am here to mine and hold just a handful and exchange.

My personal view is that for Grin to become an extremely major coin it would have to be extremely popular and used mainstream, possibly on the backend of money transfer apps.

I don't think that will be easy to do, especially with a coin that doesn't have a gui or windows wallet yet.

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
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February 15, 2019, 08:39:51 PM
 #993

<...>
I don't think that will be easy to do, especially with a coin that doesn't have a gui or windows wallet yet.

It is my impression that this is deliberate. Don't ask me why. Reasoning can be quite divergent.
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February 15, 2019, 10:19:36 PM
 #994

<...>
I don't think that will be easy to do, especially with a coin that doesn't have a gui or windows wallet yet.

It is my impression that this is deliberate. Don't ask me why. Reasoning can be quite divergent.

It certainly could be. Maybe they're trying to keep the noobs away since it's beta quality software a this point.
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February 16, 2019, 12:38:01 AM
 #995

<...>
I don't think that will be easy to do, especially with a coin that doesn't have a gui or windows wallet yet.

It is my impression that this is deliberate. Don't ask me why. Reasoning can be quite divergent.

They are working on the windows wallet.  Bitgrin guys already grabbed the code and released it.
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February 16, 2019, 03:05:55 AM
 #996

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!
Any exchanges without KYC yet? They all seem to require submitting information I don't trust them to keep secure.

Bitmesh
Bitforex
I always thought Bitforex was KYC, I guess I have my list of exchanges I usually stick to.

they have KYC but unlike poloniex ($0.00 USD daily limit if no KYC), in those two exchange you can buy/sell, deposit/withdraw. although i don't know how much is allowed for no KYC accounts.

Also, Grin withdrawals are not yet enabled in Poloniex and the price is also trading higher than the exchanges that first listed it like Hotbit or Bitforex. I would avoid it.

@kingcolex. More people will want to mine and hold Grin in 25 years once it reaches a high level of adoption which it was designed to do and once inflation is under 5%.

Bitcoin's monetary policy incentivizes hoarding. This restrains adoption. Grin's monetary policy might push the price down in the next 25 or 30 years, however this encourages circulation of the coin and spending. This facilitates adoption.

I reckon its developers learned what's good and bad for a cryptocoin and copied the good parts.

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February 16, 2019, 06:07:09 AM
 #997

Grin Coin has been listed and lively traded on Poloniex exchange, that is formerly the largest exchange around two years ago.
https://poloniex.com/exchange#btc_grin
It's the welcome message from Poloniex for Grin coin.
Quote
Poloniex is excited to be one of the first major exchanges to host this much-anticipated new coin. Happy trading!
Any exchanges without KYC yet? They all seem to require submitting information I don't trust them to keep secure.

Bitmesh
Bitforex
I always thought Bitforex was KYC, I guess I have my list of exchanges I usually stick to.

they have KYC but unlike poloniex ($0.00 USD daily limit if no KYC), in those two exchange you can buy/sell, deposit/withdraw. although i don't know how much is allowed for no KYC accounts.

Also, Grin withdrawals are not yet enabled in Poloniex and the price is also trading higher than the exchanges that first listed it like Hotbit or Bitforex. I would avoid it.

@kingcolex. More people will want to mine and hold Grin in 25 years once it reaches a high level of adoption which it was designed to do and once inflation is under 5%.

Bitcoin's monetary policy incentivizes hoarding. This restrains adoption. Grin's monetary policy might push the price down in the next 25 or 30 years, however this encourages circulation of the coin and spending. This facilitates adoption.

I reckon its developers learned what's good and bad for a cryptocoin and copied the good parts.

I'm just started to learn about Grin today. This was the first time I heard about it. And as I see there is a lot interest towards this coin from the community. What are the main advantages of this blockchain and why everyone is so excited about it? The price of the coin also makes me astonished...

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kingcolex
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February 16, 2019, 06:16:05 AM
 #998

Can you share it please.
I usually use only limite exchanges, Poloniex, Bittrex, Binance.
Honestly, I don't want to spread my money out on so many exchanges.
I guess I have my list of exchanges I usually stick to.
Well then you wouldn't want to listen to me, I use Gemini for any real exchange I need to make to fiat, I use Crex and cryptobridge for shitcoins to btc and thats really about it, I got fucked by Coinbase during the bullrun and same with kraken so they can go to hell in my book.

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tranthidung
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February 16, 2019, 07:00:08 AM
 #999

Me too.
I used Crypto Bridge to buy shit coins when they dip, and take profits later.
cryptobridge for shitcoins to btc

What's happened with you and Coinbase, Kraken?
Did you get their bad supports to claim fork coins, or anything else?
Quote
I got fucked by Coinbase during the bullrun and same with kraken so they can go to hell in my book.




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kingcolex
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February 16, 2019, 08:51:45 AM
 #1000

Me too.
I used Crypto Bridge to buy shit coins when they dip, and take profits later.
cryptobridge for shitcoins to btc

What's happened with you and Coinbase, Kraken?
Did you get their bad supports to claim fork coins, or anything else?
Quote
I got fucked by Coinbase during the bullrun and same with kraken so they can go to hell in my book.
Well before the bull run I had added my bank account and removed it every time I had bought, during 8k+ it refused to add it saying error. There was no way to add any kind of fiat account for them. I literally had to either trust everything to coinbase or missout. I decided to miss out.

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
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