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

[Anon136]

It's a really cool project. Criminally undervalued at rank #500+.

Don't judge Grin by marketcap. It's only at about 2% of its soft total supply after all [1].
Better judge it by daily dollar emission, as seen on this PoW ranking [2], where it's in the top 25.

[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153
[2] https://www.f2pool.com/coins

Why is this a more important metric than market cap?

Also I sent you a message over on keybase if you didn't see it.

[1715103480]

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[tromp]

https://grinnews.substack.com/p/137-grin-needs-you-

[bbc.reporter]

Hello grinners. Been playing around a bit with grin lately. Thought I would fire up my old BCT account and check out the thread here.

I never buy an altcoin early because of that early inflation. I watched grin for a while for a bottom. Finally just bought hoping I caught the bottom.

It's a really cool project. Criminally undervalued at rank #500+. I hope the wider crypto community recognizes. this.   But what ever, I'm willing to gamble a little on the hopes that they will.

Bitcoin user from 2010 reappears and posts on Grin announcement thread. I reckon this coincides with the data that the earliest of bitcoin holders are exiting bitcoins to invest somewhere else.

This might also not only be an investment on the coin, it might be an investment on the infrastructure also. Follow the hashrate and watch it grow. It might begin this year.

[KIZILAGA]

Hello grinners. Been playing around a bit with grin lately. Thought I would fire up my old BCT account and check out the thread here.

I never buy an altcoin early because of that early inflation. I watched grin for a while for a bottom. Finally just bought hoping I caught the bottom.

It's a really cool project. Criminally undervalued at rank #500+. I hope the wider crypto community recognizes. this.   But what ever, I'm willing to gamble a little on the hopes that they will.

Bitcoin user from 2010 reappears and posts on Grin announcement thread. I reckon this coincides with the data that the earliest of bitcoin holders are exiting bitcoins to invest somewhere else.

This might also not only be an investment on the coin, it might be an investment on the infrastructure also. Follow the hashrate and watch it grow. It might begin this year.

https://twitter.com/mikeinspace/status/1369883597302292480

are they testing waters?)

[bbc.reporter]

@KIZILAGA. I am not so certain if they are testing the waters and have bought Grin, however, I am wuite certain this is in their list of coins to follow. I reckon theymos’ support should be enough that everyone should give it some attention.

[KIZILAGA]

@KIZILAGA. I am not so certain if they are testing the waters and have bought Grin, however, I am wuite certain this is in their list of coins to follow. I reckon theymos’ support should be enough that everyone should give it some attention.

well,that attention seems fade away at 2019,Grin adoption is so small according to other projects. But those eth,pos coins inventors and btc guys really having fun with Grin not gaining momentum. As i understood they see Grin as a complete threat to other major coins. Seems very interesting.

[bbc.reporter]

@KIZILAGA. I reckon it is not seen as a theat presently, however, I predict after 2 more bitcoin halvings everyone might begin to see the purpose of Grin’s monetary policy. Wei Dai saw it. I do not know why many of the smart people in the cryptospace avoid this issue.

[KIZILAGA]

@bbcreporter indeed it is very mind boggling. Thinking that all Grin cap is worth only worth of 500 bitcoin, it is very confusing that ex bitcoiners dont touch it.Grin listed more than 20 exchanges and widely known coin in crypto industry. But zcash and monero lacks too in btc terms. Maybe privacy coins  be avoided becuz of regulations?

 And to mining paradox,it is really weird people dont value Grin monetary policy.

[tromp]

@bbcreporter indeed it is very mind boggling. Thinking that all Grin cap is worth only worth of 500 bitcoin

As https://www.f2pool.com/coins shows,
Bitcoin emits significantly more every single day than the entire Grin mktcap.

[KIZILAGA]

@bbcreporter indeed it is very mind boggling. Thinking that all Grin cap is worth only worth of 500 bitcoin

As https://www.f2pool.com/coins shows,
Bitcoin emits significantly more every single day than the entire Grin mktcap.

yes,i meant this.
 Grin coins i think very few circulated at the moment .Exchanges resisting upgrade make me think they sold non existing Grin coins,i am sure some of them did.  And now with slatepack improvement usability,when people

want to withdraw Grin coins to their own wallet,there is a real Grin coin deificit.

[tromp]

https://grinnews.substack.com/p/138-testnet-exchange-integration

[tromp]

Grin arbitrary inflation exploit caught and fixed:

https://forum.grin.mw/t/resolved-do-not-use-grin-grin-wallet-grin-ironbelly-until-further-notice/8620/53

[tromp]

https://grinnews.substack.com/p/139-emergency-hard-fork-successful

[bbc.reporter]

@tromp. Is it late for Grin to change the roadmap to pursue Asic resistance? It appears that regulations and government policy might become a barrier for growth, decentralization and independence from influence. Where Grin is strong in its monetary policy, acceptance of Asics might become a weakness.



The three largest Chinese bitcoin (BTC, +3.56%) mining hubs are facing serious headwinds from regulators. This could put a big dent in hashrate production, which is the computing power to mine bitcoin. Hashrate from China contributes over 65% of the world’s total, according to some estimates.

Heavy scrutiny of coal mines in Xinjiang, new regulations on high energy-consuming companies in Inner Mongolia and the end of a local energy policy in Sichuan have unnerved some bitcoin miners in China. The regulatory challenges from these three regions are distinct, but they epitomize some of the biggest long-term policy risks when Chinese crypto miners deal with local authorities.

Source https://www.coindesk.com/chinese-crypto-miners-face-unstable-regulatory-environment

[Hueristic]

@tromp. Is it late for Grin to change the roadmap to pursue Asic resistance? It appears that regulations and government policy might become a barrier for growth, decentralization and independence from influence. Where Grin is strong in its monetary policy, acceptance of Asics might become a weakness.



The three largest Chinese bitcoin (BTC, +3.56%) mining hubs are facing serious headwinds from regulators. This could put a big dent in hashrate production, which is the computing power to mine bitcoin. Hashrate from China contributes over 65% of the world’s total, according to some estimates.

Heavy scrutiny of coal mines in Xinjiang, new regulations on high energy-consuming companies in Inner Mongolia and the end of a local energy policy in Sichuan have unnerved some bitcoin miners in China. The regulatory challenges from these three regions are distinct, but they epitomize some of the biggest long-term policy risks when Chinese crypto miners deal with local authorities.

Source https://www.coindesk.com/chinese-crypto-miners-face-unstable-regulatory-environment

Grin has been planned to be asic mined since inception, there is no reason for that to change now that the asics have finally arrived.

[indo1]

I really liked the project from MW, they made such a unique privacy coin. I think GRID is also one of the best of them. Looking at the development of MW coins, such as GRID is the best.

[tromp]

ASIC resistance is a viable short term strategy, which Grin successfully deployed in its first two years,
while keeping the good properties of PoW: simplicity and cheap verification.

It is a questionable long term strategy, sacrificing those good properties,
while incentivizing the eventual more efficient ASICs to operate in secret.

[oryhp]

Perhaps some people here will find this table useful: https://gist.github.com/phyro/ec37d8bfedd36102b0ea5824580d06e4

I'd like to emphasize that this isn't saying any is better than the other. They all make tradeoffs.

[xtrusion]

Want to do a deposit of GRIN Coins to Bittrex. Anyone able to help? I am not able creating the transaction file.

So far I used: https://github.com/mimblewimble/docs/wiki/How-to-use-the-Grin-wallet#via-file

Here the problems started:

Code:

grin-wallet send -m file -d my_grin_transaction.tx 10.25

What to use instead of?:
my_grin_transaction.tx 10.25

Any help is much appreciated!!!

[bbc.reporter]

ASIC resistance is a viable short term strategy, which Grin successfully deployed in its first two years,
while keeping the good properties of PoW: simplicity and cheap verification.

It is a questionable long term strategy, sacrificing those good properties,
while incentivizing the eventual more efficient ASICs to operate in secret.

I agree. However, after the coal mine the explosion that affected suppliers of electrcity on bitcoin miners and all the speculations that miners will be taxed high out of business, I am not too certain anymore.

Asics suppliers can also be removed of their business licenses or pressured by government. I reckon some research and development on Asic resistance must be given some support. I reckon we can learn from Monero’s RandomX deployment.