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

[magisterr]

It's good to see GRIN is taking a similar path to Ravencoin but (1) with a more interesting goal, (2) a better name, and (3) a good plan to integrate ASICs without making them enemies or allowing them to centralise the network.

For a price prediction, I'd look at Ravencoin's price and expect a similar movement but with a better long-term outlook.

You cant compare price I think. Because Ravencoin have max supply coins and Grin dont have. Crin is interesting for sure... but unlimited coin a little scares...

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[crairezx20]

Let me ask why my rig keeps hang every time I run the goldminer for 30 minutes after that I can't connect to the remote rig or it hangs but it still mining on the pool according to pool dashboard.

Do you know what is the reason why my RIG hang when mining with GoldMiner but if I use the Bminer it stable but the hashrate drop after a few hours.

[Cryptotourist]

Do you know what is the reason why my RIG hang when mining with GoldMiner but if I use the Bminer it stable but the hashrate drop after a few hours.

Sounds you have your OC settings high/wrong.
That, or high GPU temperature.
Use stock settings (NVDIA Memory=0), pump the Core just a little, and make sure your GPU fans are working.

[tyz]

It does not take much to do a little research
however 60 grin per minute, 86.400 per day, 31.536.000 per year, forever

here everything you want to know
https://github.com/mimblewimble/grin

Oh... this look like overvalued price right now. With 30 mln coins per year and 10 usd price - this is 300 mln marketcap per year... Seems better to wait a little and buy later

Grin supply and inflation over the years*
https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/edit#gid=0

*This sheet was not created by me. Therefore, no responsibility is taken for the correctness.

[RivAngE]

It's good to see GRIN is taking a similar path to Ravencoin but (1) with a more interesting goal, (2) a better name, and (3) a good plan to integrate ASICs without making them enemies or allowing them to centralise the network.

For a price prediction, I'd look at Ravencoin's price and expect a similar movement but with a better long-term outlook.

You cant compare price I think. Because Ravencoin have max supply coins and Grin dont have. Crin is interesting for sure... but unlimited coin a little scares...

But Ravencoin won't hit the max supply for over 20 years... to be honest I'm bored to calculate it exactly with the halvings that will occur.
I calculated the today's monthly inflation of Ravencoin and Grin,

• Grincoin adds 2.201% more coins every month and it's about 13 days old.
• Ravencoin adds 0.0776% more coins every month and it's 13 months old.

In 1 year the stats will look like that,

• With 32,713,560 GRIN in circulation, there will be a 0.0792% monthly emission, that will be very similar to Ravencoin's 1 year.
• With 5,411,920,000 RVN in circulation, there will be a 0.0399% monthly emission.

But what I'm most interested to compare is the emission after RVN halves the rewards.


These will be the emission rates 4 years after the genesis block of both coins (January 2023 for GRIN and January 2022 for Ravencoin). Both chains will be at block 2,100,000 after 4 years.

• GRIN will have 126m coins and the steady block reward will be equal to 0.0206% monthly inflation at that time.
• RVN will have 10.5b coins but the block reward will be halved to 2500 thereafter. This means 0.0103% monthly inflation (after the halving).

It seems to me that for the first 4 years both coins have a very similar inflation pattern. By the end of 4 years both coins will be at a very low 0.02% / month.
However, after that Ravencoin will start halving (every 4 years) and the inflation rates of the two coins will start diverging until after maaaaany years RVN won't be able to halve any more.
The question is, how important will this 0.01% difference be when it takes place in 4 years? How will all the other factors weight in (recognition and acceptance, usability, technical advancements, investors' liking)?

[Last of the V8s]

https://bisq.community/t/we-need-to-remove-grin/7013
sad face
early days, too complex, everyone's stupid or a scammer

[suchmoon]

Knew about the ASIC, but hadn't seen an estimated speed.

Obelisk are either extremely incompetent or outright scammers. They haven't delivered hardware they sold a year ago and they're taking pre-orders for October? Hard pass.

[kostepanych2]

Hi,
Does grinmint supports 31 algo?
Please suggest a pool for 31 algorithm with not big minimum payout...

[ocminer]

Knew about the ASIC, but hadn't seen an estimated speed.

Obelisk are either extremely incompetent or outright scammers. They haven't delivered hardware they sold a year ago and they're taking pre-orders for October? Hard pass.

Expect at least three other ASIC's already out and mining when they release theirs (with half the hash they promised and double the power usage)

[big_daddy]

Knew about the ASIC, but hadn't seen an estimated speed.

Obelisk are either extremely incompetent or outright scammers. They haven't delivered hardware they sold a year ago and they're taking pre-orders for October? Hard pass.

Expect at least three other ASIC's already out and mining when they release theirs (with half the hash they promised and double the power usage)

and the best scenario:
you get the ASICs and Grin change the algo 
puff!

[Cryptotourist]

and the best scenario:
you get the ASICs and Grin change the algo  
puff!

That's not an option.
Cuckaroo (AKA c29) is for GPU mining. It's algorithm will change every 6 months, to make sure it stays so.
Cuckatoo (AKA c31) is for ASICs. It was made to support them.

#

https://grin-pool.org is utter shit for me.

Submitting WAY MORE shares on f2pool compared to grin-pool - It's not even funny.

Will wait for the next payout @ 3 GRIN on f2pool and probably quit this shit for good.

Fucking altcoins.

* BobLawblaw grumbles in Theymos' general direction... again...

Good to know. So that narrows it down to f2pool & sparkpool.
I wouldn't quit all together Bob. Just leave it to mine for a couple of months. You know you won't regret it.

#

<...>
Submitting WAY MORE shares on f2pool compared to grin-pool - It's not even funny.
<...>

That's why I stuck with F2Poop the share submitting isn't even fucking close. Not sure what's causing this.

<cough> em, pool skimming??

#

Expect at least three other ASIC's already out and mining when they release theirs (with half the hash they promised and double the power usage)

Be a player, tell more. Especially about the half hash/double power thingy.

#

Obelisk are either extremely incompetent or outright scammers. They haven't delivered hardware they sold a year ago and they're taking pre-orders for October? Hard pass.

Wasn't getting one anyways

[mrbanjo]

I just seen video review of this coin and there says that 1 mln coins will be minted every year. This is right? How much cost price for mining 1 Grin right now?

~30 million coins will be mined every year. The cost of mining varies significantly depending on hardware, power costs, difficulty. Currently it's ~$2-3 with NVIDIA at $0.10 per kWh

That is, now the price is too high several times if you take this data. And if you add to this equally important fact that large farms receive electricity almost for nothing, then the price at any time may collapse.

[suchmoon]

Does grinmint supports 31 algo?

Yes, it does.

[RivAngE]

Hi,
Does grinmint supports 31 algo?
Please suggest a pool for 31 algorithm with not big minimum payout...

Yes you can use grinmint.
Do you see that there are two numbers at the "Current Hashrate" and the "Average Hashrate" ? The first number (before the '/') is the c31 and the second number is the c29.
Unlike f2pool which has two different payouts for the two algos, grinmint seems to merge them. Unfortunately I'm not willing to use Linux to mine c31 so I haven't try it.

[Cryptotourist]

Isn't GPU mining only lasting for two years at most anyways? Until Asics have taken over the hashrate?

Yes. I imagine that they will drop c29 support then.

#

<...> Unfortunately I'm not willing to use Linux to mine c31 so I haven't try it.

Why not? You don't actually need to 'use' Linux. Just boot to it. For windows users.
It will be the most profitable days to mine c31 ever, imho. Keeping a close eye vs c29.

[dmitry555]

Where is a convenient wallet?

[Mihawk]

It's good to see GRIN is taking a similar path to Ravencoin but (1) with a more interesting goal, (2) a better name, and (3) a good plan to integrate ASICs without making them enemies or allowing them to centralise the network.
For a price prediction, I'd look at Ravencoin's price and expect a similar movement but with a better long-term outlook.

You cant compare price I think. Because Ravencoin have max supply coins and Grin dont have. Crin is interesting for sure... but unlimited coin a little scares...

I think it's difficult to analyze any price expectation for GRIN at this time, I believe it's the first time we are experiencing something without limits, through this situation we can understand the true depth between limited supply and infinity supply. In the social point of view, GRIN is for everyone basically.

[koincik]

I've just met with GRIN because of my friend. I can't be sure what invest or not GRIN.

Please can you explain to me why should I invest it? I read something about GRIN. But I am thinking about "think twice before invest" thing.

[suchmoon]

I've just met with GRIN because of my friend. I can't be sure what invest or not GRIN.

Please can you explain to me why should I invest it? I read something about GRIN. But I am thinking about "think twice before invest" thing.

The prevailing opinion in this thread is that GRIN is not a good investment at this time. So if someone (your friend?) told you to invest you should ask them for their reasoning and please let us know.

[Dig Bicks]

I've just met with GRIN because of my friend. I can't be sure what invest or not GRIN.

Please can you explain to me why should I invest it? I read something about GRIN. But I am thinking about "think twice before invest" thing.

The prevailing opinion in this thread is that GRIN is not a good investment at this time. So if someone (your friend?) told you to invest you should ask them for their reasoning and please let us know.

Lot of stupid people are buying at these prices, they will be crying in a few months-year time when price is is under $1 easily.  Not saying this is a bad coin, just a terrible coin to get rich from.