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

[hakka]

"ツ" aka "Tsu" was adopted as the official currency symbol of the project.
https://github.com/mimblewimble/grin-pm/blob/master/notes/20190117-meeting-governance.md#102-currency-symbol

“ツ” is very unique symbol.
It’s first time that Japanese katakana character is used in famous crypto currency project.
I need some months to accustomed with it because I'm Japanese. ツ

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[dejan_p]

edit: it went through by using the https://grin.bitmesh.com/..................... address instead the ...............g.bitmesh.com:80



anyone had "issues" with transfering grin from grinmint to bitmesh?
entered the wallet address that i got from bitmesh (tried with http(s), without...etc..), requested payout, and i'm getting
Wallet unreachable (will retry) and afterwards Cancelled (wallet unreachable)

thx

[jeffthebaker]

Yes gold mining decreases every year. It is harder and harder to find gold now. Eventually we will asteroid mine it, but that won't be feasable or cost effective for decades.

I'm not sure that's true.  

our calculations point towards gold production peaking at some point between 2022 and 2025

There have only been a few short periods in history where production has declined.



However, we are certainly approaching a period where gold extraction is going to sharply decrease irreversibly for the first time.

at current rates of extraction... known gold reserves worldwide would be depleted in about 17 years.

That's great. So gold is more inflationary than either bitcoin or grin (in the long run) yet it holds it's own just fine. Very cool data. +merit

I think Grin is more inflationary than gold in the long run (as well as the short run, ofc). There is a finite amount of gold on our planet, but an infinite supply of Grin. I suppose an argument could be made about the extraction of gold from astroids and extraterrestrial planets, but that's more of a philosophical discussion now more than anything else.

[Aman524]

Does this work on GTX 1060 6GB?

Did anyone try 

Yes it is working.
I am running my rig with 1060 6gb*8 gpus successfully on HiveOS.
I also tried on SMOS and it is also working good..

[Hueristic]

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.

[theymos]

"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.

[infofront]

Grin will have significant adoption hurdles in Japan anyway. 

Japan pressures exchanges to drop Monero, Zcash and Dash

[dejan_p]

Does this work on GTX 1060 6GB?
Did anyone try 

Yes it is working.
I am running my rig with 1060 6gb*8 gpus successfully on HiveOS.
I also tried on SMOS and it is also working good..

A suggestion.

It is usually helpful, in addition to confirming that something is working, to also post some basic stats, so that we all start to get an idea of how different hardware performs.

+1 for the suggestion

getting ~2.9 g/s (minus 5-6% because of stale shares) on nvidia 1060 6gb, win 10

[HanopkaH]

Does this work on GTX 1060 6GB?
Did anyone try  

Yes it is working.
I am running my rig with 1060 6gb*8 gpus successfully on HiveOS.
I also tried on SMOS and it is also working good..

A suggestion.

It is usually helpful, in addition to confirming that something is working, to also post some basic stats, so that we all start to get an idea of how different hardware performs.

Im mining Grin on my 1060 6gb Win10 with latest drivers and enough virtual memory. One of the rigs of 1060 make 1.75 g/s the other rig with more OC cards make 1.85. Thats average hashrates of each of the cards on the rigs. The miner is not optimized as bminer but at least its working.

[oceanone]

Nvidia 6GB cards and AMD 8GB cards supported. 6GB cards in Windows10 may not work as WIndows steals some of the memory.

ah okay thank for the info i got some 4 GB and 8 GB ram modules laying around will try it tomorrow ? will be 8 enough for 6 GPU GTX 1070 mining or is 16 gb ram needed ?

I, and the quote above were talking about the GPU on board memory.  You could definitely try adding more system memory, but I don't suspect that is the issue.  I think your setup would likely work as-is if you were using Linux, and possibly an older version of Windows.  I also think if you wait a bit and mine something else, the issue will get resolved with a future miner software update.

i added 4 GB more to the system now it runs with no issue since 8 hours with 4.10 G/s per GTX 1070.


looks like 8 GB System Ram is needed for Windows 10 mining with 6 x GTX 1070

[nakaone]

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 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   

 

[KevinMiles]

Guys, it there any Win10 miner for the C13 algo? Cant find one yet ?

[sirazimuth]

.... 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)

[Chris!]

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 

I'm getting about 2.2 GPS with my 1060 using bminer on Linux.

[trackers]

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 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

[bbc.reporter]

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

Doesn't ETH also have infinite supply though?
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?

[bones261]

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. 

[anafiene]

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.

[OgNasty]

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

 

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

[kronos123]

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/