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Author Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.  (Read 72833 times)
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April 29, 2021, 08:02:21 PM
 #1661

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.
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May 03, 2021, 10:03:48 PM
 #1662

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!!!
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May 04, 2021, 03:48:56 AM
 #1663

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.



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May 04, 2021, 04:48:56 AM
 #1664

I reckon some research and development on Asic resistance must be given some support. I reckon we can learn from Monero’s RandomX deployment.

Tromp's Cuckoo Cycle Cuckatoo31+ is ASIC-friendly and was a design decision.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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May 08, 2021, 02:58:00 AM
 #1665

I reckon some research and development on Asic resistance must be given some support. I reckon we can learn from Monero’s RandomX deployment.

Tromp's Cuckoo Cycle Cuckatoo31+ is ASIC-friendly and was a design decision.

Yes I am aware of this. I was also a supporter of Aeon’s change to an Asic friendly mining algorithm and agreed for the arguments for it. However, witnessing bitcoin’s hashrate drop after the coal mine explosion in a province in China and the threats of government on miners, it appears to me that Asic resitance research is very much needed for the future of the cryptospace.

Do you speculate that RandomX will also have Asic miners?



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May 08, 2021, 12:47:07 PM
Last edit: May 08, 2021, 03:34:49 PM by mindrust
 #1666

Couldn't resist. Went mid-heavy on this today. I am again in my gambling mood after a very long break. This is one of the cheapest shitcoins after everything mooned lately. Its turn will come.

$64m marketcap, ranking  #533 at CMC, backed by Theymos/BTT. Easy buy. Expected returns = x100

The biggest problem of GRIN is that it is only listed on Kucoin. (I don't consider the others legit exhanges) If this was on Binance it would have been a multi-billion marketcap coin already but you know, things may change quickly in this space. And it is a lot better to buy before it happens.

Now let's repeat:

"There are only 73 million GRINS out there. If every dollar millionaire wanted to have 10 grins, they couldn't have it."

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May 08, 2021, 01:45:00 PM
 #1667

it would have been a multi-billion marketcap coin already

It most likely wouldn't be, with only 2.4% of its soft total supply [1] emitted so far.

[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153
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May 08, 2021, 01:48:10 PM
Last edit: May 08, 2021, 02:14:54 PM by mindrust
 #1668

it would have been a multi-billion marketcap coin already

It most likely wouldn't be, with only 2.4% of its soft total supply [1] emitted so far.

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


These stuff don't matter anymore. Have you checked the dogecoin chart? Unlimited supply don't mean shit when the other side have unlimited FIAT.

Dogecoins current supply - 129517138099 - is 41 times bigger than grins 100 years later market cap

Quote
Its pure linear emission of 1 Grin per second forever, will reach its soft supply of a century (100*365*24*60*60s) of Grin, only in 2119.
https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153

...which is 3153600000 grins.

Getting only 1000 GRINS would guarantee you to be in the 1 million club for the next 30 years. Personally I expect the price action to happen much sooner. (unless the FED raises the interest rates and buries everything or people find out that Tether bucks don't really exist :d)  Then I would only lose a few hundred bucks :p It is worth taking the risk. The upside potential is much bigger.

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May 09, 2021, 05:08:50 AM
 #1669

Couldn't resist. Went mid-heavy on this today. I am again in my gambling mood after a very long break. This is one of the cheapest shitcoins after everything mooned lately. Its turn will come.

$64m marketcap, ranking  #533 at CMC, backed by Theymos/BTT. Easy buy. Expected returns = x100

The biggest problem of GRIN is that it is only listed on Kucoin. (I don't consider the others legit exhanges) If this was on Binance it would have been a multi-billion marketcap coin already but you know, things may change quickly in this space. And it is a lot better to buy before it happens.

Now let's repeat:

"There are only 73 million GRINS out there. If every dollar millionaire wanted to have 10 grins, they couldn't have it."

Grin is very worth the buy in these very low price levels. The monetary policy alone will show that its distribution is the correct way to become a real digital currency for the internet. I have been telling everyone this, however, many do not want to understand. They will see in 4 years.



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May 09, 2021, 06:25:28 AM
 #1670

Grin is very worth the buy in these very low price levels. The monetary policy alone will show that its distribution is the correct way to become a real digital currency for the internet. I have been telling everyone this, however, many do not want to understand. They will see in 4 years.

This is how it always happens. People didn't want doge when it was below a cent and most of them dumped theirs as soon as it hit 60 sats (me too) and now it is what? over a thousand sats? Now everybody wants it. People who waited patiently are now enjoying their winnings and dumping their stash on the newcomers.

Personally I didn't think doge would make a move like this but there are apparently some people out there has foreseen this.

Something similar can happen to this coin too.

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May 09, 2021, 08:13:54 AM
 #1671

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.  Undecided But what ever, I'm willing to gamble a little on the hopes that they will.

Wtf. I haven't seen this post till now. And I just realized I almost typed the exact same thing yesterday :d I don't know if 1.3 bucks is the bottom it is probably not. I could have bought 2x to 5x more coins If I bought earlier but It won't matter much in the long term I suppose.

And this dude gave him almost the same answer:

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

I guess that low marketcap attracts many value inves... I mean gamblers. Smiley


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May 09, 2021, 03:20:03 PM
 #1672

how much grin total supply?
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May 10, 2021, 07:04:29 AM
 #1673

how much grin total supply?
Max supply is unknow like Ethereum. Grin coin information

You can join Grin Observer topic. If you don't know, the admin of forum like this coin and accepts it as one of two payment methods for the forum Copper membership.

Coindesk has one article that explains Grin coin's monetary policy
Quote
Monetary Policy

The block reward is set to remain at 60 grin per block solved.

This causes grin to be inflationary at a decreasing rate. Grin will experience high levels of inflation in the early days as each block has a great impact on the circulating supply; as time goes on, this effect will decline.

Grin has a target block time of one block per minute, effectively resulting in 1 grin mined (created) every second. The community argues that sound money has more to do with a transparent emission schedule, than a capped supply. The system by design has no supply maximum limit.

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May 10, 2021, 01:17:40 PM
 #1674

Dang. I guess I became a bag holder too now. R.I.P my half of an iphone money. :p

Anyway I trust theymos's vision. See you in 2-3 years again.

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May 13, 2021, 03:21:52 AM
 #1675

@tromp. It appears Grin’s experiment and theory on its monetary is being proven reasonable by Elon Musks actions hehehehe. Everything about hoarding as centralization pressure and whales having an unfair economic advantage and influence over everyone are shown to be real. I am waiting on the most dangerous, Michael Saylor to influence bitcoin’s development.



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May 15, 2021, 05:02:34 AM
 #1676

Anyway I trust theymos's vision. See you in 2-3 years again.
It is the vision of theymos.
Grin inflation rates
Year #Yearly monetary inflation rate
136500%
2100%
350%
433%
525%
620%
717%
814%
1110%
215%
343%
I would try to accumulate more Grin coin and wait for the year of 2024 or 2025. The new bull cycle of crypto market with Bitcoin halving in 2024 will be cool. It together with the plummet of Grin coin inflation rate will have double effects on the price of GRIN.

It would be time to grin.  Grin

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May 15, 2021, 05:09:52 AM
 #1677

Anyway I trust theymos's vision. See you in 2-3 years again.
It is the vision of theymos.
Grin inflation rates
Year #Yearly monetary inflation rate
136500%
2100%
350%
433%
525%
620%
717%
814%
1110%
215%
343%
I would try to accumulate more Grin coin and wait for the year of 2024 or 2025. The new bull cycle of crypto market with Bitcoin halving in 2024 will be cool. It together with the plummet of Grin coin inflation rate will have double effects on the price of GRIN.

It would be time to grin.  Grin

Yeah I forgot this chart. According to that chart, even in 2024 or 2025 GRIN will still have very high inflation. If the demand keeps being low, the value won't move upwards much.

Everything can change in seconds if CZ makes a new announcement and starts listing GRIN on Binance.

Big news are way more important than any monetary policy in this space. Still, it is a big gamble. That announcement may never come.

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May 15, 2021, 10:57:02 AM
 #1678

Everything can change in seconds if CZ makes a new announcement and starts listing GRIN on Binance.
Big news are way more important than any monetary policy in this space. Still, it is a big gamble. That announcement may never come.
Unfortunately, you're right.
And this means - the price of decentralized anonymous coin depends from centralized company or even worse, from one man running that company.
Kinda sad.

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May 15, 2021, 11:40:26 AM
 #1679

Everything can change in seconds if CZ makes a new announcement and starts listing GRIN on Binance.
Big news are way more important than any monetary policy in this space. Still, it is a big gamble. That announcement may never come.
Unfortunately, you're right.
And this means - the price of decentralized anonymous coin depends from centralized company or even worse, from one man running that company.
Kinda sad.

I know you agree with me but I wanted to add,

I am not talking these out of my butt.

I know how people (me included) treated doge and told the others that doge has infinite supply, it will never worth anything, it will die of inflation, it is just a meme, it is a joke, it is a shitcoin ...and there it is. Listed at CMC on 4th or 5th spot. Being traded like a mother fucker with huge volume.

Anybody could have bought a million dogecoins only for 2 thousand bucks 6-7 months ago.

That taught me one thing:

Anything is possible.

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May 15, 2021, 12:51:09 PM
 #1680

True, but again, where did DOGE pump come from? Good fundamentals and decentralization? Nope. It was again one man show, in this case by Elon Musk. In other cases it could be CZ or back in 2017 John McAfee. When something depends oo one man (not even one company or board of directors, but one man), it can't be more centralized.

And just to be clear, I don't expect GRIN price to explode in next few years, but I buy GRIN from time to time and slowly accumulate. I look at it as really long term investment and have no intention to sell in next several years.

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