[ANN][GRS] Groestlcoin | 1st to activate Segwit & Taproot

[jepistons]

Dont forget guys http://groestlcoin.org/forum/index.php?topic=105.0

[srcxxx]

So cheap

We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!

I know you are not happy, because I did not give you a 20,000 GRS reward for "optimizing AMD miner 50%".
But I cannot give it to you for writing a small guide how to upgrade driver on BAMT (the guide doesn't work btw, I tried 3 times).

I spent about 3 weeks trying to optimize the kernel. The best I can do is 18.88 MH/s on R9 290 and 9.40 on R9 270X. Even that is not enough to claim the bounty.
The bounty belongs to AMD for optimizing their compiler!

Hopefully, now, that you sold all your GRS, you will find some other coin to troll.

Thanks!

You guys are really interesting.
 
You are making a loose bounty statement – then someone does it – then you are changing rules.
 
At least I am concerned, our cooperation will stop here.
 
Bye.
 
=b
 
 
 
From: srcxxx [mailto:srcxxx@gmail.com]
Sent: Wednesday, June 04, 2014 12:02 AM
To: bbbbbb2014
Subject: RE: p2pool
 
Hi Boris!
 
No. The bounty belongs to AMD if they want to claim it.
 
Thanks
 
From: bbbbbb2014
Sent: Wednesday, June 04, 2014 6:08 AM
To: src xxx (srcxxx@gmail.com)
Subject: RE: p2pool
Importance: High
 
I'd like to claim a bounty to speeding up hasing on AMD gpus, stated here:
Current bounties:
  20,000 GRS for 50% or more performance boost to AMD miner
 
The procedure for optimisation is noted here:
https://bitcointalk.org/index.php?topic=525926.new#new
 
A proof of result is here:
http://www.kapion.si/Mining-gro.jpg
 
My bounty address is:
Fiq41bahY15UvsYFX23t62QeNkR9cV3cdK
 
 
Thanks!
 
=b

[bbbbbb2014]

So cheap

We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!

[/quote]

As a miner with *many* cards 280x (I'd reveal more than 50) and as much as many cards 5850 (I'd also reveal more than 50) - I am no troll. I measure the consumption of electricity and I daily monitor what is worth mining.

When dwarf's hash rate went down from 4 GHash to 3 - well, that was me.

I tried hard to find a value in GRS. But I am unable to. Currently some other coin is several times more profitable. You think the value of GRS will rise. So far - it did not.

When you said, the value of reward goes down to 25 GRS. Who on Earth will mine that? And the POW+POS. So in fact, someone is getting coins without any mining. Been smokin' somethin'?

Some coins would *KILL* for hash rate. Well, it seems that's not a priority for you.

Forget the bounty. You should give it - but you decided not to. You should not change the rules, when a bounty payout time comes.

[child_harold]

Dont forget guys http://groestlcoin.org/forum/index.php?topic=105.0

we all know who will win the 1st prize 

yup - Charmoiselle 

[enetac]

So cheap

We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!

As a miner with *many* cards 280x (I'd reveal more than 50) and as much as many cards 5850 (I'd also reveal more than 50) - I am no troll. I measure the consumption of electricity and I daily monitor what is worth mining.

When dwarf's hash rate went down from 4 GHash to 3 - well, that was me.

I tried hard to find a value in GRS. But I am unable to. Currently some other coin is several times more profitable. You think the value of GRS will rise. So far - it did not.

When you said, the value of reward goes down to 25 GRS. Who on Earth will mine that? And the POW+POS. So in fact, someone is getting coins without any mining. Been smokin' somethin'?

Some coins would *KILL* for hash rate. Well, it seems that's not a priority for you.

Forget the bounty. You should give it - but you decided not to. You should not change the rules, when a bounty payout time comes.
[/quote]


Look

[ANN][ATH] ATHEISTCOIN | DGW3 | GROESTL-based

https://bitcointalk.org/index.php?topic=634474.0

[peteycamey]

pos+pow is great idea.

but decreasing the rewards too much. now we have a lot of furious miners leaving for more profitable coins. and who can blame them.

[coke15]

yep

not cool :/

furious miners

[alinutu78]

Can someone please tell the power consumption for R9 290 mining Groestl algo at stock settings? Thanks

Anyone?

[exemplaar]

So cheap

We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!

As a miner with *many* cards 280x (I'd reveal more than 50) and as much as many cards 5850 (I'd also reveal more than 50) - I am no troll. I measure the consumption of electricity and I daily monitor what is worth mining.

When dwarf's hash rate went down from 4 GHash to 3 - well, that was me.

I tried hard to find a value in GRS. But I am unable to. Currently some other coin is several times more profitable. You think the value of GRS will rise. So far - it did not.

When you said, the value of reward goes down to 25 GRS. Who on Earth will mine that? And the POW+POS. So in fact, someone is getting coins without any mining. Been smokin' somethin'?

Some coins would *KILL* for hash rate. Well, it seems that's not a priority for you.

Forget the bounty. You should give it - but you decided not to. You should not change the rules, when a bounty payout time comes.

Look

[ANN][ATH] ATHEISTCOIN | DGW3 | GROESTL-based

https://bitcointalk.org/index.php?topic=634474.0
[/quote]

This is not so good promo for groestl algo. 

[cryptonit]

I also see users moving from GRS to DMD in the pools, do you want to loose all the miners? :-)

we dont need ur miners
attracting more insta-selling people what would that add to a coin?
but every investor or miner who hold coins is helping yes

regarding dmd/grs merged mining i see srcxxx removed the bounty from your ANN posting
so i guess their priorities changed

we from diamond foundation are still open for talks in that area
but our last contacts did look like we have different ideas about how to realize it

[skdsxp888]

Now the price is very cheap, you can buy some.

[exemplaar]

It will become even cheaper...
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.

[pallas]

where is child_arnold? I miss his positive posts! ;-)

[cryptonit]

It will become even cheaper...
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.

wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are

only diff is raising

who earns how much from that daily coins could change if some people upgrade to more effective miners and others dont

but again that have no influence on total supply of new coins on market

[bbbbbb2014]

pos+pow is great idea.

but decreasing the rewards too much. now we have a lot of furious miners leaving for more profitable coins. and who can blame them.

No, miners just want profit, when GRS became profitable again they will all come back like nothing happened.

Well, Nekomata, it's not that easy. Many coins look profitable, but there is no liquidity - i.e. I cannot sell 2-3 BTCs without sinking the price considerably. There are many other conditions, which are taken into account for the miner.

BTW, liquidity of GRS is very bad.

Thus - once the coin is off track - it's difficult to put it on track. Yes, it would help if these GRS guys would pump the price tenfold. They are naive thinking that the price will pump by itself.

[bbbbbb2014]

It will become even cheaper...
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.

wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are

You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).

[gitrix]

It will become even cheaper...
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.

wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are

You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).

Liquidity is the determining factor in the choice of a medium of exchange.
In order for GRS to show that it crossed the critical mass, its level of liquidity would have to satisfy the full demand for GRS (i think GRS do that).
Bitcoin Liquidity was low in 2011 ,low price being accompanied by high liquidity could be interpreted as a solid economic foundation. (economic books ).
 The adoption of GroestlCoin, and thus make the evolution into money more likely. Whether, or to what extent,depends on the strength and exibility of the
GRS ecosystem, the level of regulation, the emergence of  competitors (Like profitability of AltCoin based on gorestl )

[cryptonit]

You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).

sorry u are wrong

if supply is constant then the only factor that set the price is demand

wana have higher grs price create demand
give people a reason to wana have more grs

we at diamond create demand in this first step by the reason that owing diamonds enable u to produce new diamonds

which is in our case with high 50% POS really a good reason to gather up some diamonds

[tageeboy]

I too am a GRS fan but unable to mine these days due to the loss of profit. I hold about 100k for future investment but have moved on to mine more profitable coins to pay the bills. I think a merged mine option would be HUGE for any coin that comes on board. I have focused on a merged mining solution that actually has 3 coins together (won't mention the names out of respect for the GRS thread) but would kill to be able to come back to GRS with the low power Alg. What is keeping a startup from coming along and using the GRS alg and releasing 3 or 4 new coins at once that share the same blockchain as to allow for say quad merged mining? Granted all 4 coins would be new and need to be pitched to the exchanges but isn't that a possible threat? I would like to see GRS set merged mining as a high if not highest priority. That is a move that would make it possible for me to return to mining one of my favorite coins. Until then, unless the price magically runs up I fear that along with many many other small miners I won't be able to mine this great coin. It sucks guys, but in the end 99% of us are in this for the money and will follow that dragon where ever it goes. Merge this coin, which increases profit for miners and you will see more interest. Still love the coin

[Coinler]

It will become even cheaper...
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.

wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are

only diff is raising

who earns how much from that daily coins could change if some people upgrade to more effective miners and others dont

but again that have no influence on total supply of new coins on market

it does..

if you can get $100 worth of coins for the cost of $1 worth of electricity per day.. it means you can sell at a price up to 10 times lower than gpus who gain $1 per $1 electricity. the gpus wont be able to sell.

what that means is that the coin can have 10 times less value to someone with larger mining capability to take a larger share of coins per day. thus for them.. they gain alot of money at a much cheaper price.

this is why distribution is important. if everyone only gets 10 coins.. they would rather wait till it reaches $1000 value to sell. but iv everyone only gets 10 and i get 10,000 per day.. i dont have to wait. and that is the problem with asics.. alt crypto is not ready for the greed associated with asic power and the asics do not value their mining as an investment.

funny thing is because they can control the majority of the coins they can withhold from the market and create scarcity while the price rises with new investors. they can then just sell a little at a time for days, weeks or months and cashout a decent profit each day with only a small amount of coins without crashing the market. they would get 10x more profit because of it. but theyre not very smart.. or patient.