GridCoin News

Most people that understand Bitcoin have an understanding of how miners mine BTC transaction onto the BTC blockchain.

Therefore I wonder if someone can explain how the process works for GRC? Exactly who and how are GRC transactions added to the blockchain?

Thanks.

Hello,

I wanted to start a discussion on what the long and short term effects of a single large(20-30% of the current Gridcoin flops at least) player would have on the network as well as the price and overall effects on the community.

Assumptions: 1. Would spread flops to maximize profits 2. Would trade gridcoins to BTC to USD to pay expenses and upgrade equipment 3. Would hold most of the money in GRC until needed 4. Would have a mix of GPUs and CPUs to further maximize profit 5. Would have no malicious intent (assumption for this discussion not a general assumption about large crunchers)

If this would be better on a different platform I can move it.

I will be bringing you upcoming events/announcements every 7 days. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

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If you like an event to be added, click Submit Event, and we will do the rest.

Source: twitter.com @GridcoinNetwork

yesterday - August 13, 2018

Gridcoin Developer Update for August 13th, 2018 linked below.

https://medium.com/@gridcoinnetwork/gridcoin-developer-update-august-13th-2018-ff297b052740

I think we can agree that begging for money in the comments here is totally some rude threadjacking, and no one will be encouraged to donate to your address. <3

Free Gridcoins are provided by the other members of the Hangout as a kind gesture from the community.

Reply with your suggestions in this Steemit post, or on the Reddit repost, and we will discuss your topic in chronological order of submission.

It's advisable to stay generally on topic, attendees are distributed around the world so they may not (likely won't) share the same views regarding controversial topics not related to Gridcoin/BOINC/computers/cryptocurrency.

Gridcoin securely rewards BOINC computation on top of Proof of Stake. Reward allocation is distributed, not centralized unlike other distributed computing related cryptocurrencies.

More info: https://steemit.com/beyondbitcoin/@cm-steem/gridcoin-securely-rewarding-boinc-computation-on-top-of-pos/

https://www.twitch.tv/peppernrino

https://dlive.io/@peppernrino

https://www.youtube.com/user/FKINGLAG0/live

https://archive.org/details/@gridcoin

https://castbox.fm/channel/42ee5260264d9decce625dcda96ca55c4e0d9712

https://soundcloud.com/gridcoin-community-hangouts

https://www.mixcloud.com/gridcoin_hangouts/

https://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=142176

https://www.youtube.com/channel/UCmc8UW0OAveyUP0JfV6lxuw

A conference call can provide significant advantages over communicating via text.

To create opportunities to inform the public of new Gridcoin, BOINC, and related services & their development progress.

To bridge relations between the cryptocurrency & BOINC communities, and our users.

To be transparent in our actions.

Shooting for a hard limit of 2 hours/the amount of topics.

August 18, 2018 @ 7pm UTC.

Compare 7pm UTC to your time zone! http://everytimezone.com/#2018-8-18,420,c8l

Label: Gridcoin

Address: 207.148.10.181

Port: 64738

Username: Enter your username, try to pick one people will recognize you by - i.e. your IRC username

That's it!

Everyone is encouraged to join, especially those who suggest topics of discussion in this thread.

Thanks for reading, and follow me for more Gridcoin-related updates!

Hello everyone, it's time for another update on Gridcoin Development progress! In this post we want to showcase some new features being worked on for the wallet, some changes coming to the website (gridcoin.us), and testnet progress. It's been an exciting time since my last post, so let's dive right in!

• @ravonn has been hard at work in the neverending effort to optimize our wallet's syncing time. He posted an excellent article on his progress this week here. Don't let the title of the post fool you! Ravon explains his initial difficulties trying to get the wallet to sync from 0 faster but in the end he comes away with some really cool data (graphs!) and optimizations that should be expected in the Camilla Milestone.
  • Sidenote: Gridcoin is now using alphabetical muppets for Milestone naming. 3.7.14.0 (and 3.7.15.0) were targeted Annie Sue: (https://vignette.wikia.nocookie.net/muppet/images/f/fe/AnnieSuePig.jpg/revision/latest?cb=20110512210340)
  • CBR is targeted for Betsy Bird (https://i.pinimg.com/originals/fb/63/85/fb6385d4634be0aeffe31177a7a79acc.jpg)
  • Beyond Betsy we have Camilla (the Chicken) (https://vignette.wikia.nocookie.net/muppet/images/6/6e/CamillaJHH.jpg/revision/latest?cb=20140128235241)
    This is where most of the changes in this post will end up.
  • For all complaints regarding our ridiculous naming system I refer you to @ravonn as it was his decision ;)
• Next up is the implementation of "stake splitting" by way of this PR from @jamescowens. To summarize, this provides for the automatic “splitting” of a stake into multiple outputs to meet a user specified efficiency in the wallet configuration file. This is currently being fine tuned by Jim and @tomasbrod, and is planned for the Camilla milestone. Jim is also working on a more sophisticated version that will allow splitting the reward to alternative addresses.
  • For more information on why splitting stakes into smaller UTXOs will be important in the future with CBR, I suggest reading this excellent summary by Jim from a couple weeks ago.
• Finally to round out our ongoing effort to clean up old unused parts of the codebase, @ifoggz has submitted PR 1132 which removes 10 RPC calls that were either unused, deprecated, or duplicated by other command functionality.

There are two big PRs coming to the gridcoin.us website repo, 1 has been merged already and 1 is in review.

• PR 112 is filled with many small fixes and user requests. Notable among the changes is the addition of a link to the official Gridcoin wallet snapshot in the Header and Footer dropdown boxes under "Resources". This was a highly requested new feature.
  • We now include a link to the SHA256 checksum for the MSI file under the Windows downloads section. This is a very important security feature and ensures the installer you download from our site has the correct checksum.
• PR 115 is a full-scale rewrite of the old "dev daemon commands" page that was extremely out of date and neglected. The new page is called "RPC Reference" and has been updated with all the new RPC commands added (and some removed) in the 3.7.14.0 release. If you find anything missing on this new page please let me know!

Exciting news on the testing front! A little less than two weeks ago on August 1st, on testnet block 629409, the hard fork to block version 10 (CBR) was initiated. Since then we've had every single Proof of Stake block equal to 10 GRC in base reward (note that this can be tuned on testnet). Here is an example of what this looks like on my 24/7 Raspberry Pi 3 testnet wallet:

(https://cdn.steemitimages.com/DQmeWjjcnoak4zwkSkAjkf2viU3zMZYitmsLB2qBfQo1Jwt/TestnetCBR.PNG)

Look at all those beautiful 10 GRC stakes!

If you'd like to help us test out CBR before it hits the mainnet (release TBD), join us on Slack or Rocket Chat in the #testnet channel! If you need an invite to either of these platforms feel free to comment below and I'll get you set up.

Well that about does it for this edition of the Developer Update. Expect another update from us near the end of August (unless we have a wallet release then). Thanks for reading :)

Does anyone else earn more GRC trading on exchanges than they do crunching on boinc? It seems more profitable to make GRC doing short sales on an exchange, even with a small amount of coin, because you are not paying to run your hardware to earn extra coin. It also seems that you earn vastly more GRC trading than mining, with a modest amount of starter coin, and 15 to 20 satoshi fluctuation in price you can double your coin in a short amount of time. Just wondering what other people do...

Hi,

Does anyone know where I could find access to an API that gives me the current Gridcoin price?

Thanks

So, I basically found Gridcoin when one day I had the idea of "what if instead of doing the digital equivalent of digging holes and filling them back in, a bitcoin-like protocol was used to do some kind of actually useful work?" I did a search to see if something like that already existed and, well, here it is.

But I have observed that Gridcoin seems to have a hard time gaining market share, and is currently more or less tied at the hip to Bitcoin and its volatility. Additionally, without anything to buy Gridcoin is currently only earned by minting more, which puts it in a losing battle against inflation. I would like to theorize a potential solution to these problems: devise a system by which people running a research project can send crunchers Gridcoin to prioritize their project in particular. This solves the question of "what can you buy with Gridcoin anyway?", because you would be able to buy compute time. It would also create a group of people, scientists with projects, who consistently have an incentive to buy Gridcoin and then spend it instead of selling it.

It would also create a feedback loop between scientists and crunchers: when there is a surplus of crunchers the value of Gridcoin will fall and projects would get bid down, making it cheaper for scientists. This would draw in scientists looking to buy cheap computing power, pushing the price back up. When there is a surplus of scientists, the value of gridcoin would rise and projects would get bid up, making it more profitable for crunchers. These opposing forces would (at least theoretically) make Gridcoin more stable than other coins similar to how the petrodollar loop stabilizes the US Dollar.

Unfortunately I don't have the coding knowledge to actually create such a thing. But I can theorize a possible implementation would be a type of wallet that is loaded with a number of coins, and instructed to send a specified number per verified credit/RAC to the associated address of any CPID that works on a specified project until a specified time passes or the wallet runs out of funds, whichever comes first. Of course, since that implementation doesn't check ownership of the project a side-effect is that anyone would be able to basically post a bounty on any project they would like to support. I don't think that would necessarily be a problem though, since I doubt anyone would complain about someone throwing money at their science project.

So, to achieve that I can see the following functions would be required:

1: Set up with a wallet.

2: Monitor a project to track verified RAC/CPIDs.

3: Determine the address associated with a CPID.

4: Automatically send a specified transaction when conditions are met.

Although not required, it would probably also be useful if there was some way for crunchers to see that a project has a bid on it and how much, so they can decide whether to give it priority.

Of course, I suppose if someone was really determined they (or an intern) could probably do all that manually as-is. Track a project over a period of time in a spreadsheet, cross-reference the CPIDs and addresses using Gridcoinstats or something, and at the end of the specified period send out all the payments. But having a system to mostly automate it would make it an easier pitch to research teams, whose interns are probably already over-worked.

Anyway, that's just a theory I suppose.

I think we can agree that begging for money in the comments here is totally some rude threadjacking, and no one will be encouraged to donate to your address. <3

Free Gridcoins are provided by the other members of the Hangout as a kind gesture from the community.

Reply with your suggestions in this Steemit post, or on the Reddit repost, and we will discuss your topic in chronological order of submission.

It's advisable to stay generally on topic, attendees are distributed around the world so they may not (likely won't) share the same views regarding controversial topics not related to Gridcoin/BOINC/computers/cryptocurrency.

Gridcoin securely rewards BOINC computation on top of Proof of Stake. Reward allocation is distributed, not centralized unlike other distributed computing related cryptocurrencies.

More info: https://steemit.com/beyondbitcoin/@cm-steem/gridcoin-securely-rewarding-boinc-computation-on-top-of-pos/

https://www.twitch.tv/peppernrino

https://dlive.io/@peppernrino

https://www.youtube.com/user/FKINGLAG0/live

https://archive.org/details/@gridcoin

https://castbox.fm/channel/42ee5260264d9decce625dcda96ca55c4e0d9712

https://soundcloud.com/gridcoin-community-hangouts

https://www.mixcloud.com/gridcoin_hangouts/

https://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=142176

https://www.youtube.com/channel/UCmc8UW0OAveyUP0JfV6lxuw

A conference call can provide significant advantages over communicating via text.

To create opportunities to inform the public of new Gridcoin, BOINC, and related services & their development progress.

To bridge relations between the cryptocurrency & BOINC communities, and our users.

To be transparent in our actions.

Shooting for a hard limit of 2 hours/the amount of topics.

August 11, 2018 @ 7pm UTC.

Compare 7pm UTC to your time zone! http://everytimezone.com/#2018-8-11,420,c8l

Label: Gridcoin

Address: 207.148.10.181

Port: 64738

Username: Enter your username, try to pick one people will recognize you by - i.e. your IRC username

That's it!

Everyone is encouraged to join, especially those who suggest topics of discussion in this thread.

Thanks for reading, and follow me for more Gridcoin-related updates!

So I've been mining on GRCPool for a while and I enjoy it.

I recently setup an account on BAM! and switched one of my PCs to run projects through that manager.

How is it different from GRCPool? I see I'm earning 'credits'...will the issued CPID sync with my GRC wallet, giving me GRC based on the credits? Or is there something else I need to setup?

I've researched BAM! quite a bit, but I'm still not finding/understanding how to receive GRC using BAM! as a project manager.

I see where to click No New Tasks on the Project tab of the BOINC interface, but the manager overrides that. How to set the manager so that it no longer sends new tasks for a particular project? I do not want to remove projects. I just want to stop new work so I can test other projects after all pending old work units are done.

Thank you in advance!