Gridcoin

[KLiKzg]

Noticed that there is no topic concerning this cryptocurrency & mining, so opening this topic.

As personally have been on Gridcoin team for 5,5 years now, so AMA. In that time, managed to crunch data (donated data to charities) in worth of 20k GRC.

Anybody else here from Gridcoin team?
How is your struggle going?
Any issues so far? (Had plenty of myself to get it working properly)

 

[R-T-B]

Gridcoin is one of those things that is very cool idea wise and all crunchers should be aware of it.

I don't mine/crunch it but just throwing that out there.

 

[KLiKzg]

It is so nice to be in top25 within such a great & big team on WCG.

 

[Jacky_BEL]

Does one need to be crunching for the gridcoin WCG team in order to get GRC?
Or can I crunch WCG for team TPU and still earn GRC?

 

[TheoneandonlyMrK]

Does one need to be crunching for the gridcoin WCG team in order to get GRC?
Or can I crunch WCG for team TPU and still earn GRC?

I think they're independent and you cannot do it for You team, I'm sure that put me off when I looked into it.

 

[Jacky_BEL]

I can't find anything here on TPU about pooling, so I believe a TPU pool for WCG / gridcoin does not exists?

 

[KLiKzg]

Does one need to be crunching for the gridcoin WCG team in order to get GRC?
Or can I crunch WCG for team TPU and still earn GRC?

It used to be, but I do not think that is needed. You should check updates on Gridcoin.

Anyway, not sure if you can crunch solo-without 2~5k of Gridcoins in your wallet. So you should get some...

 

[Hardcore Games]

yet another Ponzi scheme

 

[KLiKzg]

yet another Ponzi scheme

You do not understand the Ponzi scheme & are afraid of a new things.

Interesting!

 

[Hardcore Games]

You do not understand the Ponzi scheme & are afraid of a new things.

Interesting!

All of the various 999++ coins are all the same, more Ponzi

 

[prtskg]

All of the various 999++ coins are all the same, more Ponzi

Do you know what gridcoin is? It's one of the very few cryptocoins out there which actually helps the world. Don't lump all of them together.

 

[Hardcore Games]

AFAIK El Salvador is the only place that uses bitcoin

 

[TheoneandonlyMrK]

AFAIK El Salvador is the only place that uses bitcoin

What's bitcoin got to do with gridcoin, the connections your making are tenuous but do show your knowledge level, I'd read up before putting the world right personally but go you.

 

[Hardcore Games]

gridcoin uses an existing grid environment call BIONC used by the SETI researchers who needed to sift through radio frequencies to detect signals

BIONC is open source and its used by several research projects

BIONC has a central server so that is the beneficiary of the work

so gridcoin is more garbage

 

[TheoneandonlyMrK]

gridcoin uses an existing grid environment call BIONC used by the SETI researchers who needed to sift through radio frequencies to detect signals

BIONC is open source and its used by several research projects

BIONC has a central server so that is the beneficiary of the work

so gridcoin is more garbage

Ah you found Google and headbutted it.

 

[R-T-B]

AFAIK El Salvador is the only place that uses bitcoin

Nice. That has nothing to do with gridcoin?

so gridcoin is more garbage

Why is rewarding folders for their efforts "more garbage?"

You really need to think your arguements out before posting i think.

AFAIK El Salvador is the only place that uses bitcoin

As legal tender. A LOT more places use bitcoin. But that's OT.

 

[Mescalamba]

Dont think it will ever have much value, but its nice "tangible" (a bit of lol, yea) something as reward for crunching.

Used to do this when electricity was cheap too, just for ranking on board.

Can imagine if Gridcoin actually had some decent value, that crunching could be a "thing" and some stuff would actually get solved..

 

[KLiKzg]

Dont think it will ever have much value, but its nice "tangible" (a bit of lol, yea) something as reward for crunching.

Used to do this when electricity was cheap too, just for ranking on board.

Can imagine if Gridcoin actually had some decent value, that crunching could be a "thing" and some stuff would actually get solved..

Well during last surge I did not sell out my 10k for $400 - which is just enough for another decent GPU.

& no, electricity bills do not bother me, as they cost me (now) around 150€.

 

[Solaris17]

Do you know what gridcoin is? It's one of the very few cryptocoins out there which actually helps the world. Don't lump all of them together.

I doubt that a lot.

is there any proof the money from this goes to charity? I don’t mean a paragraph on the site either.

Well during last surge I did not sell out my 10k for $400 - which is just enough for another decent GPU.

Ah ok so no. So it’s basically mining under a cancer projects name to grow the currency then buying a GPU with it anyway.

 

[prtskg]

I doubt that a lot.

is there any proof the money from this goes to charity? I don’t mean a paragraph on the site either.


Ah ok so no. So it’s basically mining under a cancer projects name to grow the currency then buying a GPU with it anyway.

If someone got some money by completing BOINC projects, they are not just benefiting themselves but society too. Two birds with one stone, I would say. I personally think gridcoin is a wonderful concept as it gives incentives to people to use their computing resources to solve scientific problems through BOINC platform.

 

[R-T-B]

is there any proof the money from this goes to charity?

It effectively awards points for doing BOINC work. You may as well ask if there's any proof BOINC is useful.

It uses BOINC units as it's PoW.

I honestly don't get how you could be so disconnected to view that as a bad thing... but that's just my view, I guess.

 

[Hachi_Roku256563]

Am i misunderstanding or is this a crypto i can mine
Will my 1060 make anything?

 

[prtskg]

Am i misunderstanding or is this a crypto i can mine
Will my 1060 make anything?

Yes you can mine it but know that it won't give much money. It's more like charitable work with some money.
In BOINC, there are projects which are designed to make use of gpu and others use cpu. You have an option to choose what you want to use and how much resource you want to allocate for any project.

 

[KLiKzg]

Ah ok so no. So it’s basically mining under a cancer projects name to grow the currency then buying a GPU with it anyway.

Sorry for late replies.

Gridcoin foundation does the funding to some BOINC project...we just get small compensation, not for proof-of-mining, but for proof-of-work (from now on PoW, jobs being done on BOINC projects).

It effectively awards points for doing BOINC work. You may as well ask if there's any proof BOINC is useful.

Well, this can be answered easily. As this site is mostly inclined towards WCG, so the link toward written & published research pages can be found here:

News

What if you could support causes you care about while reading this post? Your device’s unused computing power can help scientists tackle some of the world’s biggest problems: from finding better #HIV and #cancer treatments to more efficient sources of renewable energy? I just joined World...

www.worldcommunitygrid.org

It uses BOINC units as it's PoW.

Yes, but only for whitelisted projects.

Am i misunderstanding or is this a crypto i can mine
Will my 1060 make anything?

Well, yes it can...it is NOT going to be profitable. But during your lifetime of 1060, you will get enough in order to sell & buy some new GPU.

BTW, there are some GPU projects that I run on my machines...WCG with OET project on GPU is not the one I would recommend...but there are some that I would, like: Einstein@home, Asteroids@home & GPUgrid.

As I also did fry out some early on GPUs, like nVidia 240 & similar...so I would recommend you to use Tthrottle or similar program to limit the heat on your GPU & protect it!