How & Where to Buy GridCoin: Price & Exchanges (July 2020)
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Hey guys, I thought I would put together an in-depth tour of the Gridcoin wallet software for all of our recent newcomers. Here I'll be outlining all the features and functions the windows GUI wallet has to offer, along with some basic RPC command usage. I'll be using the windows wallet as an example, but both linux and macOS should be rather similar. I'll be including as many pictures as I can as embedded hyperlinks. Edit: Note that since I originally made this there has been a UI update, so your client will be different colors but all the button locations are in the same place. This is my first post like this, so please forgive me if this appears a little scatter-brained. This will not cover the mining setup process for pool or solo miners. When you launch the wallet software for the first time you should be greeted with this screen.
If you're a pool miner or investor, press cancel.
If you're a solo miner, enter your email you used to sign up for projects and press OK.
If you're not sure or haven't decided yet, press cancel. We can come back to this later.
After that prompt, you should be left sitting on the main overview tab with several fields on it. From top to bottom:
Available: All coins available to be sent or staked (I'll cover this term later).
Stake: All coins that are currently staking.
Unconfirmed: All coins that have been received and have not yet received 110 confirmations.
Total: All coins in your wallet. (The sum of the above fields)
Blocks: How many blocks your client has in it's chain. Your wallet just started syncing with the network so this number will be low.
Difficulty: How difficult it is for someone to stake the next block.
Net Weight: An estimate for how many coins are staking on the entire network.
Coin Weight: How many of your coins that are currently staking.
Magnitude: A quantifier for how much work you put in mining. For solo miners only. For pool miners, this value will always be 0.
Project: Displays the projects you're working on, one at a time. For solo miners only. For pool miners, this will always say "INVESTOR".
CPID: Cross Project Identifier. Used to keep track of users across projects. For solo miners only. For pool miners, this will always say "INVESTOR".
Status: Displays various status messages.
Current Poll: Displays the latest poll.
Client Messages: Displays various client messages.
Now onto the other tabs on the left side. Currently we're on the Overview tab, lets move down to the Send tab. This tab it pretty self-explanatory, you use it if you want to send coins, but I'll go over the fields here:
Pay To: Enter a valid gridcoin address to send coins too. Gridcoin addresses always start with an S or and R.
Label: Enter a label here and it will put that address in your "address book" under that label for later use. You can leave it blank if you don't want it in your address book.
Message: Enter a message here if you want it attached to your transaction.
Amount: How many coins you want to send.
Add Attachment: Leave this alone, it is broken.
Track Coins: This doesn't do anything.
Now down to the Receive tab. Here you should have a single address listed. If you double click on the label field, you can edit it's label.
New: Generate a new address.
If you click on an address, the rest of the options should be clickable.
Copy: Copy the selected address to your clipboard.
Show QR Code: Show a scan-able QR code for the selected address.
Sign Message: Cryptographically sign a message using the selected address.
The Transactions tab is pretty boring considering we have no transactions yet. But as you can see there are some sorting tools at the top for when you do have transactions listed.
ADDRESS BOOK TAB
The Address Book is where all the addresses you've labeled (that aren't yours) will show up.
Verify Message: Verifies a message was signed by the selected address.
The rest of the functions are similar to the functions on the Receive tab.
Onto the Voting tab. There wont be any polls because we aren't in sync yet.
Reload Polls: Pretty self-explanatory, I've never had to use this.
Load History: By default, the wallet will only display active polls. If you want to view past polls you can use this.
Create Poll: You can create a network-wide poll. You must have 100,000 coins as a requirement to make a poll. (Creating a poll does not consume the coins)
Display coin control features (experts only!): This allows you to have a great deal of control over the coins in your wallet, check this for now and I'll explain how to use it further down. Don't forget to click "Apply".
ENCRYPTING YOUR WALLET
Now that all of that is out of the way. The first thing you'll want to do is encrypt your wallet. This prevents anybody with access to your computer from sending coins. This is something I would recommend everyone do. Go to Settings > Encrypt Wallet and create a password. YOU CANNOT RECOVER YOUR COINS IF YOU FORGET YOUR PASSWORD. Your wallet will close and you will have to start it up again. This time when it opens up, you should have a new button in the bottom left. Now if you want to stake you will have to unlock your wallet. Notice the "For staking only" box that is checked by default. If you want to send a beacon for solo mining or vote, you will need to uncheck this box.
GETTING IN SYNC AND ICONS
Before we continue, Let's wait until we're in sync. Depending on your internet speeds, this could take from several hours to over a day or 2. This can be sped up by using Advanced > Download Blocks, but this can still take several hours. This is what an in-sync client should look like. Notice the green check to the right of the Receive tab. All of these icons give you information when you hover your mouse over them. The lock The arrow tells you if you're staking. If you aren't staking, it will tell you why you're not staking. If you are staking it will give you an estimated staking time. Staking is a very random process and this is only an estimate, not a countdown. The connection bars tell you how many connections to the network you have. The check tells you if you're in sync.
WHAT IS STAKING?
Now I've said "stake" about a million times so far and haven't explained it. Gridcoin is a Proof of Stake (PoS) coin. Unlike bitcoins Proof of Work (PoW), PoS uses little system resources, so you can use those resources for scientific work. PoS works by users "Staking" with their balance. The higher the balance, the higher the chance to create, or "stake" a block. This means you need to have a positive balance in order to stake. Theoretically, you can stake with any amount over 0.0125 coins, but in practice it's recommended to have at least 2000 coins to reliably stake. Staking is important for solo miners, because they get paid when they stake. Pool miners don't need to stake in order to get paid however. So if you want to solo mine, you'll need to buy some coins from an exchange or start in the pool first and move to solo when you have enough coins. In addition to Research Rewards for miners, anyone who holds coins (solo miners, pool miners, and investors) gets 1.5% interest annually on top of your coins. So it can be beneficial for pool miners to stake as well. Here is a snippet of what a research rewards transaction looks like from my personal wallet. I have a label on that address of "Payout address" as you can see here.
UTXOS AND COIN CONTROL
At this point you'll need some coins. You can use one of our faucets like this one or this one to test coin control out. First let me explain what a UTXO is. UTXO stands for Unspent Transaction Output. Say you have an address with 0 coins in it, and someone sends you 10 coins like I've done here. Those 10 coins are added to that address in the form of a UTXO, so we have an address with one 10 coin UTXO in it. Now we receive another 5 coins at the same address, like so. Now we have an address with one 10 coin UTXO and one 5 coin UTXO. But how do we view how our addresses are split up into different UTXOs? Earlier we checked the "Display coin control features" box in Settings > Options > Display. Once that's checked you'll notice there's another section in the Send tab labeled "Coin Control Features". If you click the "Inputs" button, you'll get a new window. And look, there's our 2 UTXOs. All UTXOs try to stake separately from each other, and remember that the chance a UTXO has to stake is proportional to it's size. So in this situation, my 10 coin UTXO has twice the chance to stake as my 5 coin UTXO. Now wallets, especially ones that make a lot of transactions, can get very fragmented over time. I've fragmented my wallet a little so I can show you what I'm talking about. How do we clean this up? We can consolidate all this into one UTXO by checking all the boxes on the left and selecting OK. Now pay attention to the fields on the top:
Quantity: The total amount of UTXOs we have selected.
Amount: The total amount of coins we have selected.
Fee: How much it would cost in fees to send all those UTXOs (more UTXOs = more transaction data = more fees)
After Fee: Amount - Fees.
Bytes: How large the transaction is in bytes.
Priority: How your client would prioritize making a transaction with this specific set of UTXOs selected had you not used coin control.
Low Output: If your transaction is less than 0.01 coins (I think).
custom change address: You can set the address you get your change back at, by default it will generate a new address.
So let's fill out our transaction so we end up with 1 UTXO at the end. In "Pay To:" Just put any address in your wallet, and for the amount put what it has listed in the "After Fee" Field. Just like this. Notice how we get no change back. Now click "Send", we'll be prompted to enter our passphrase and we're asked if we want to pay the fee, go ahead and click "Yes". Now if we go back to the Overview tab we get this funky icon. If you hover your mouse over it, it says "Payment to yourself", and the -0.0002 GRC is the network transaction fee. (Ignore the first one, that was me fragmenting my wallet) Now if we look at the Coin Control menu, we can see that we've slimmed our wallet down from 7 UTXOs to 1. Now why would you want to use coin control? 2 Situations:
UTXOs less than 0.0125 coins cannot stake. So you can combine a lot of tiny, useless UTXOs into 1 bigger one that can stake.
After a UTXO stakes, it cannot stake for another 16 hours. So if you have 1 large UTXO that is big enough to stake more than once every 16 hours, you can split it into smaller UTXOs which can allow you to stake slightly more often.
By default, the wallet will always generate a new address for change, which can make your wallet get very messy if you're sending lots of transactions. Keep in mind that more UTXOs = larger transactions = more fees.
Sidenote - When you stake, you will earn all research rewards owed reguardless of which UTXO staked. However, you'll earn the 1.5% interest for that UTXO. Not your whole wallet.
A fork is when the network splits into multiple chains, with part of the network on each chain. A fork can happen when 2 blocks are staked by different clients at the same time or very close to the same time, or when your client rejects a block that should have been accepted due to a bug in the code or through some other unique circumstance. How do I know if I'm on a fork? Generally you can spot a fork by looking at the difficulty on your Overview tab. With current network conditions, if your difficulty is below 0.1, then you're probably on a fork. You can confirm this by comparing your blockhash with someone elses, like a block explorer. Go to [Help > Debug Window > Console]. This is the RPC console, we can use to do a lot of things. You can type help to get a list of commands, and you can type help [command you need help with] (without the brackets) to get information on a command. We'll be using the getblockhash [block number] command. Type getblockhash [block number] in the console, but replace [block number] with the number listed next to the "Blocks:" field on the Overview tab. This will spit out a crazy string of characters, this is the "blockhash" of that block. Now head over to your favorite block explorer, I'll be using gridcoinstats. Find the block that you have the hash for, use the search bar or just find it in the list of blocks. Now compare your hash with the one gridcoinstats gives you. Does it match? If it matches, then you're probably good to go. If it matches but you still think you're on a fork, then you can try other block explorers, such as gridcoin.network or neuralminer.io. If it doesn't match, then you need to try to get off that fork. How do I get off a fork?
Just wait for an hour or two. 95% of the time your client is able to recover itself from a fork given a little time.
Restart the client, wait a few minutes to see if it fixes itself. If it doesn't restart again and wait. Repeat about 4 or 5 times.
Find where the fork started. Using the getblockhash command, go back some blocks and compare hashes with that on a block explorer so you can narrow down what the last block you and the block explorer had in common. Then use reorganize [the last block hash you had in common]. Note that reorganize takes a blockhash, not a block number.
A listening node is a node that listens for blocks and transactions broadcasted from nodes and forwards them on to other nodes. For example, during the syncing process when you're getting your node running for the first time, you're downloading all the blocks from listening nodes. So running a listening node helps support the network. Running a gridcoin listening node is simple. All you need to do is add listen=1 to your gridcoinresearch.conf and you need to forward port 32749 on your router. If you don't know how to port forward, I'd suggest googling "How to port forward [your router manufacturer]".
A bit of exciting news for those in the Gridcoin community: The Gridcoin Foundation wallet, which is used for Gridcoin expenses (developer compensation, advertising, marketing, server costs, etc.) has now been transferred to a multi-sig wallet under the control of three of our core team members. This is a change from the previous situation, where the wallet was held by 1 person, Rob Halford, the creator of Gridcoin.
The series of transactions took place between 9 AM UDT on August 31st and concluded at 2 PM UDT on September 1st. The new multi-sig address for the Foundation wallet is bc3NA8e8E3EoTL1qhRmeprbjWcmuoZ26A2. You can view it on Gridcoinstats here Note that the Foundation wallet currently contains 32,387,888.8796 Gridcoin at the time of writing. Going forward, the balance of the Foundation will always be in that address.
The current holders of the multi-sig keys are long-standing respected members of our community. Currently 2 of 3 keys is needed to unlock (and send funds from) the wallet. The 3 keyholders are presently @ifoggz, @ravonn, and @quezacoatl1. For more information on how multi-sig wallets work, please see this Wikipedia article. Note that most of Bitcoin's documentation on multi-sig wallets applies here as well.
Along with the new Foundation wallet, there will be a new process for Developer Compensation:
Developer invoices should be posted to CCT (CryptoCurrency Talk forum) 7 days before the last day of the month
Payments will be sent out on the last day of the month
This change should make our Foundation funds more secure by reducing the risk inherent in having only 1 person retaining control and also allow for more oversight in the spending of funds. If anyone has any questions about the process of the fund transfer or how the new Foundation wallet will function, feel free to comment below.
A long time ago, back in 2013, I used to be a Bitcoin maximalist. I thought Bitcoin would be the only viable cryptocurrency and everything else would die off and be forgotten. I recovered from this idea, after noticing how Ethereum brought something genuinely new to the concept. As time went by, I figured out that Bitcoin has a lot of intrinsic problems to it. The biggest of these problems, is Proof of Work. It takes sixty dollars worth of electricity to verify a Bitcoin transaction in the blockchain. There are two main logical responses to this: Coming up with a useful form of work, or transitioning to Proof of stake. With proof of stake, you're still dealing with another problem, which is that you have to decide on a method to distribute the coin. You can hand an initial group of people the coin, in exchange for some other coin. This tends to lead to scams. You can also have people buy the coin from those who staked it, but that's not very fair either: You have no way to enter the economy, without depending on the original participants. This means, in my perspective, that there's a huge need for a system that grants entrance to new participants in a fair, rational and ecologically sustainable manner. There will be a huge desire, when the ecosystem matures and the average IQ approaches three digits again, for a proof of stake based cryptocurrency with a fair and benevolent method of distribution. My expectation is that Gridcoin is the best candidate for this purpose. I've bought significant amounts of GRC in recent weeks, because I consider this the last good opportunity to get a sizeable stake in the system. For four thousand euro, you can purchase 1/1000th of the currency, thereby granting you the means and ability to help steer its further direction. I only look at cryptocurrencies with growth potential. What the Bitcoin maximalists forgot is that people need to have an incentive to join a system. If the main motive is financial gain, then you stand little to gain if you're last in line to step in. This is why the network effect doesn't apply to Bitcoin the way it does to Facebook or other technologies. In contrast, Gridcoin has tremendous growth potential. There's a functional system, a genuine need that is fulfilled, in combination with a lack of public knowledge, as Gridcoin still flies under the radar. If people knew that it exists, they would be excited about the idea. With more funds being spent on marketing Gridcoin in 2019 and the entire market having dropped two thirds from its heights, I think now is the time to step in. Keep in mind, that huge profits tend to be made by buying things when nobody is talking about them. Litecoin was worth over 40 dollar back in december 2013. Afterwards, it dropped to less than two dollar. It was very easy to become convinced that the project was dead and to look at your investment as a sunk cost. It remained at this valuation, for over two years. Then in late 2017, it was valued at over 300 dollar again. This is how cryptocurrencies operate. The only thing to watch out for is when a community abandons a project and development stops. With Gridcoin I don't see that happening, as development is continuing and has continued since the project began in late 2013. To step in now reminds me of how the entire market was asleep for years after 2013, only to wake up again in 2017. I might be wrong, but this is what I'm counting on.
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So like many of you, I stumbled into this community and ended up just loving what I found, however, I got here in a very odd way. As many of you know I worked for a large tech company (who will remain nameless) for a few years; along with a badge and my paycheck they also gave us a decently powerful laptop for running virtual machines and doing work needed while remote. After a year of pretending I was hearing things, I gave in and decided to look into the significant amount of noise coming from the laptop's fan when the computer would go to sleep (and then turn off when I would wake it up). Eventually, I started digging into the processes and program on the machine and found this thing called "Boinc" running a project called World Community Grid (After turning this off I found a small decrease in my electric bill) and it solved the problem. Woo! After a few months, while I was getting more into Cryptos (around early-2016) I had noted one major thing. I studied crypto's in 2013, I knew Bitcoin... but I hated it. So much wasted power, cool idea, but so unresponsible. My friend said if I wanted to use my CPU for good I should try this new thing he found which was [email protected], which I did for a number of months helping the Reddit team get points.... still I wanted something different. After a bit of searching, I found a crypto that rewarded for stuff similar to [email protected]... using that thing that was already installed on my work computer. So, I turned it back on, and just put in my account number as opposed to the company generic one that was set up when they handed me the computer. This happened pretty quick in large part because of the GRCPool videos that walked me through what I needed to do. So that's how I got here, that was around Feb 2017(??) I cannot find any trace of me commenting on old /gridcoin posts so I can't get a good date. So yes, the short is that I found GRC because of Boic floatware that my employer pushed on me. As payback I would leave my computer running at the office for days.... if they want to add to my electric bill for 15 months without telling me, then I feel no remore. However, the story of how I got so involved in this community is much more straightforward. I needed a hobby and something I could be passionate about. I always loved science and wanted to give to it any way I could. Most of my friends are academics and one time I even paid for my friend's flight to a convention so he could show off his thesis because I wanted people to see his work! I can't code well, but I would stay on Reddit and try to answer little questions to help, I tried to search for every method I could to make an impact and get this community to grow and help the rest of the sciences. One fine day, I saw a Reddit post by a Mr. 'Jringo_' asking "Are there any Economists that want to help with GridCoin". I got my degree in it, and thought I might be able to help... and was then presented with "Ok guys, I found an economist" to the team on Slack. I ran with it and help made graphs, edit a couple lines on a paper or two and eventually attended the FireSide Chat. I used that as a chance to meet a few of the devs and learn more about the people that keep GridCoin working. It was awesome to meet everyone. After meeting a few of them I decided to attend a podcast, the Fire Side Chat (which happens every Thursday at 8pm EST on discord [this is totally not a plug]) I would find out the topic, research it and enjoy the discussion. After I finally got used to chiming in occasionally, I started talking more and more. After getting to the point where I was talking for a large portion of an episode, I was invited to be a co-host by jringo_ and have loved every minute of it. I want to help grow the community and help GridCoin. Given my skill set I didn't really think I could help much, but I did even if its a simple silly way. If I have learned nothing else about GridCoin, it is that this is a group of people who want to improve the world through science, some can help through coding and others can't, but that doesn't mean you have nothing to offer... it just means you have to look for ways to help. It won't be obvious, but I believe there are ways for everyone here to help grow this thing. Edit: By the way, my current amazing rig is a single Rasberry Pi 3b. I net almost exactly 1 MAG. I also love the idea of donating my bandwidth so I have a second 3b Pi dedicated for my wallet and given as much connectivity as I can manage.
the year was 2018, february - a long, long while ago. i was wasting my time on reddit, as you do, when i came across one of these comments decrying how bitcoin was such a waste of energy. not an unusual occurrence of course, but this time it was accompanied by a response talking about a crypto that's mined by donating processing power to science. i was intrigued by the concept and followed the rabbit hole all the way to its discord server. well actually, i initially just followed it to this subreddit, where after crunching in the pool for a while, i bought my first "few" gridcoin from NeuralMiner, right in the middle of the forkpocalypse (that was a fun time..). he told me about the fireside chat, prompting me to create a discord account and check it out and, well, i've been sticking around the discord server ever since. it's been a nice little distraction from the crap in my personal life and it's motivated me to kind of sortofnotreally give learning c++ another go (still in the introduction chapters), as well as getting all my old machines up and running again crunching for science 24/7 (full stats). it's a neat way to help advance our state of technology a little, by helping scientists run their experiments a bit faster and getting a little something in return. anyway, its not the most exciting story but it is how i got here and i plan to stick around. cheers people, happy gridcoin day!
Hello folks and welcome to another Developer Update from the Gridcoin team. I'd like to remind everyone that these posts will be created every two weeks unless a wallet update is pending that week.
These last two weeks, developers have been preparing for an upcoming leisure update and finalizing fixes currently in staging branch. Testnet has been busy as well testing various new features and verifying fixes. Some of the pull requests these last two weeks have included:
#1054 by @thecharlatan cleans up the voting code and removes a call to RPC from within the GUI wallet that has gone unnoticed for a long time.
#1060 by @tomasbrod is the start of implementing superblock contract forwarding to non-Windows nodes. This is intended as a temporary way to allow non-Windows wallets to help stake superblocks while the current NN is being rewritten to C++. To summarize how this works: when Windows nodes have agreed upon a consensus neural hash, Linux nodes will be able to request the packed superblock contract data associated with the current quorum hash (best hash) and try to stake a superblock just like the Windows nodes. In this implementation the Windows nodes are still doing most of the work gathering the NN data and forming consensus, but the Linux nodes are able to assist in the actual staking of the superblock itself once consensus is reached. This should reduce superblock delays once implemented.
#1056 by @ifoggz fixes the issue #1035 first reported about a month ago related to the output of beaconreport cutting off the first character of each CPID in the list.
#1057 by @tomasbrod adds feedback to the addnode command in debug letting the user know whether they successfully connected to the peer or if the connection failed for some reason. This addresses issue #867 and is a nice quality of life improvement.
#1059 by @ifoggz addresses an issue initially brought to us by the Flyp.me exchange. The relevant issue is #1055. To summarize, the output of the listtransactions RPC command was inconsistent with what was expected from other Bitcoin-like wallets and this PR changes the output to make the call more in line with what exchanges expect to see.
In addition to the PRs listed above, @ifoggz has been working with the testing team to improve performance and better handle errors in the current Windows neural network implementation. So far these tests have been positive and show greatly improved consensus among neural nodes. In particular an issue was found when the downloaded gz files from project sites were incorrectly formatted. In the past, the NN would simply accept the bad data and try to use it for calculations resulting in wildly inaccurate magnitudes and hashes. The new improved NN code will recognize badly formatted project data files and prevent their bad data from being included in NN calculations. The new NN code will also try to redownload the excluded bad data on the next sync. I would like to thank personthingman2 for all his help assisting in this testing.
I would like to add a quick update on testnet. I gave a "Introduction to Testnet" talk on the last Fireside podcast. Thanks to @jringo for having me and I look forward to hearing the edited audio once it is finalized. The goal of this talk was to educate people about testnet and bring new testers on board.
Thanks for reading this edition of the Developer Update. Expect to see another update two weeks from today (5/7), barring a wallet update around that time. If you have any comments or questions for the Gridcoin development team feel free to ask in the comments below. If I am not able to answer your question directly, I can certainly forward it to someone who can! Thanks everyone!
Back in march 2013 I invested in Bitcoin when they were valued at 90 dollars per coin. It changed my life in ways I didn't quite anticipate at the time. It was a gamble, but it was an informed gamble. I recognized the revolutionary potential of this technology and realized it was tremendously undervalued if it could accomplish the functions I anticipated it would fulfill. I don't think it's bad to pursue wealth and success in life. At the end of the day, the man who set up the Pineapple fund with his Bitcoin profits accomplished something meaningful that will outlast him. A cynic who stands by on the sidelines accomplishes very little. It's good and healthy to strife for success and to take risks. I'm perfectly comfortable accumulating wealth, because I live in a society where we tend to waste our money. The money spent in Britain spends on fireworks on New Years Eve would be sufficient to solve half of the world's unmet iodine need. Wealth would allow me to pursue goals that I consider to be valuable in life. When it comes to investing in cryptocurrencies, I see a few common mistakes. A friend of mine who became a millionaire through his investments tends to agree with me on this matter. An important mistake I notice is that people jump on the bandwagon, in response to prominent companies or investors embracing a digital asset. When a billionaire or a fortune 500 company joins a project, it should be clear that it has limited growth potential left. Instead, what should make you enthusiastic when you find yourself thinking "why is nobody else talking about this?". That's how you recognize you might have found a precious underappreciated gem. The important thing to comprehend is that you should look at the difference between the current valuation of a project (its market cap) and what you consider a justified valuation would be. This is what I did with Bitcoin long ago. I looked at its valuation and compared this to the size of different markets that exist in our society. I'm not interested in investing in something that I don't genuinely believe could increase in value by two orders of magnitude. Bitcoin still has room for growth, but there exist much smaller niche technologies today, that stand much better chances of rising dramatically in value. I don't expect to see Bitcoin valued at 1 million dollar per coin anyday soon. On the other hand, there exist currencies that I anticipate do have tremendous room for growth. Consider the following issue: Bitcoin and similar currencies use up vast amounts of electricity. Now imagine the introduction of a competing cryptocurrency, that similarly uses large amounts of electricity to reward new coins to people, but the electricity is used entirely for scientific research that delivers a genuine benefit to humanity. What kind of pricetag would you put on this? This is a difficult question to answer. Cryptocurrencies that deliver no clear added value over other currencies are valued at billions of dollars. From my perspective, it seems perfectly plausible that given sufficient media attention, a cryptocurrency that delivers a measurable benefit to humanity could end up with a similar valuation. The cryptocurrency I refer to here, Gridcoin, is valued at roughly 60 million dollar as of speaking. The scenario I envision as plausible is one where it will eventually valued at 6 billion dollar. I anticipate that a number of different factors would contribute to this development. To start with, the energy wasted by Bitcoin is probably going to continue to rise in the months ahead, even if the rise of Bitcoin's price stops, because the deployment of new mining hardware lags behind the increase in price. Mining bitcoin currently delivers roughly seven times more money than it costs in electricity. We can thus expect electricity use to continue increasing. I thus don't have to set up an expensive marketing campaign for Gridcoin, because the media will do it for me, in cahoots with Bitcoin. In fact, I'm amazed by how little attention has been paid in the media to Gridcoin and its sisters Curecoin and Foldingcoin so far. As long as Bitcoin continues to succeed, there will be increasing public demand for a cryptocurrency that does not waste our scarce natural resources to deliver us nothing of any genuine value. The increasing demand will raise its prices, which will then deliver Gridcoin from its current obscurity. Gridcoin's main perk is the fact that it is a response to a looming crisis that most people do not yet genuinely appreciate. What if Bitcoin fails to succeed? That would be a very joyous event indeed, as it would create an opportunity for alternative currencies to flourish. In addition, it would reveal the risk of investing in one of the most prominent cryptocurrencies, as these are the currencies that have relatively little growth potential left. The failure of Bitcoin is not the failure of cryptocurrency. It's the failure of a prototype placed under excessive demand. A thousand flowers will bloom from its corpse. What is the most severe risk that faces my investment? The most severe risk is found in the fact that people don't per definition care whether their investment delivers a genuine contribution to society. ICO's that have no actual product are known to deliver the highest rates of returns. A system that's better does not per definition gain more followers. To me this represents the main risk of my investment: I fear that most people lack the cognitive capacity needed to appreciate it. The amount of money I have invested is thus limited to a few hundred euro. There are some risks that critics might point out that are not genuinely relevant. To start with, consider centralization. Gridcoin is dependent on the BOINC network that's used to solve scientific problems with computing power. Someone could harm the BOINC network and harm Gridcoin as a consequence, although Gridcoin would survive simply as a proof of stake currency in that scenario. The reality remains however, that nobody cares whether a currency is centralized or not, it has no clear impact on its valuation. Ripple succeeds despite the fact that it's nearly entirely owned by a centralized institute. Bitcoin has never seen a dip in its value that can be traced back to the market's fear over the centralization of mining power into the hands of a number of wealthy Chinese individuals. I accept the possibility that I will see periods where I'm down 90% or more on the money I have invested, as cryptocurrencies unequal wealth distribution makes them highly volatile. I have had similar experiences with Bitcoin, but I simply sat it out. I also find it difficult to predict the near-term evolution of the price. My intention is thus to continue to buy more Gridcoin in the months ahead, provided the project's valuation stays beneath 100 million dollar. I see the eventual rise in value of Gridcoin as a near inevitability. There are a number of reasons for this. As mentioned earlier, Gridcoin delivers a meaningful contribution to society. It solves a genuine problem: How do we reward people for donating their computing power to scientific research? The answer to that question is the added value Gridcoin delivers to society. In addition to this, in contrast to similarly valued coins, Gridcoin has an active developer community. The amount of effort put into this currency by competent people is akin to that for currencies valued at billions of dollars. The fact that this coin delivers a contribution to society attracts intelligent and competent people, which will then have the effect of attracting everyone else. My recommendation is for other people to invest money in this currency as well. Besides the simple fact that you potentially stand to gain a lot of money from investing, your investment creates an economic incentive for people to migrate away from solving pointless computer programs towards using their tools to perform scientific research. This is a goal that I find myself eager to contribute to.
New gridcoin user here - Checking to make sure set up properly
Mods- please delete this message if I am breaking protocol or something. I did not see any place designed for support or for random type posts. Thank you in advance for your time and energy spent assisting me, I have read the post and replies here https://www.reddit.com/gridcoin/comments/7nvdgc/intel_hd_520_what_can_i_do_with_it/ which gave me a decent place to start and I feel I have most things set up correctly. I ran into a few issues which I struggled with, and I would like to confirm that I am not wasting my time here.
The guide I followed at first on the gridcoin website took me through a different setup path than when I used grcpool.com and followed their guide. Namely, I did not immediately connect to the grcpool server through the BOINC manager. I believe I am currently set up properly. i will include below a screenshot of my "tasks" tab. https://ibb.co/jqdFGS
Question : I canceled the work for applicble numbers because I was told using my CPU to perform work isn't worthwhile if the application accepts both CPU/GPU work, and that I would be better off selecting CPU only tasks. Is this correct? Question: In other threads people discuss optimizing their mining rigs efficiency, I assume this is for people who are using purpose-built rigs and not an everyday machine? Question: The "transfer" tab, what exactly is going on there? I assume this syncs with the pool once the work is done in order to determine who contributed the most? thank you for your time, I will edit this post or reply If i come across further questions. I plan on investing between 150-500$ with my next paycheck because I believe in this coin and the science behind it. I always wish I had stuck the course with bitcoin in 2013 when I first started mining on a shitty laptop and gave up in a few days. If anybody has ANY tips on gridcoin, or crypto in general I will become your new best friend and you can talk to me about it all day, I want to be a sponge and absorb all I can before giving back to the community. P.S. I think I understand how the "stake" operates, even If i don't understand the exact processes or rational behind it, I read about how you need a minimum amt of coins to try solo mining, and preferably a decent rig on top of that. I will be investing a little bit of fiat (50$ or so) up front in order to speed things along. Q:Is that only for solo mining, or important for group mining as well? Q: Should I invest more money in coin and less in hardware, or more in hardware and less in coin? Does it matter? Thank you guys so much, seriously. when my Gridcoin wallet is finished synching I am going to post the wallet below if anybody feels like donating (is that rude to ask?)
Hi all I am very happy of being into gridcoin because it is not another speculative altcoin to try to get fast money but a good incentive both to collaborate with science research and to get into cryptocurrencies in an easy way But it is clear to me that almost all of those bitcoin forks are condemned to the nothing unless the community is able to create some incentivation to use it as a valid payment method, and that means that we must be able to offer something ( stuff, items, services ) to each other in order to make that ecosystem alive I have not so many talents to share or things to offer, plus i believe still we don't have so much platforms / options to make gridcoin something trendy ( although its potential to grown is awesome if you consider how many BOINC users are around the world at this moment ) however i want to help the project somehow and i got an idea which was the base of a larger project i want to develop Please do not consider this as spam because, if you put all the numbers into physical currencies you'll see that i am actually talking about peanuts, indeed most probably i will lose some money - on the other hand i expect to have some fun and to contribute somehow to increase BOINC users - So i registered a domain named "use-gridcoin.net" and my plan starts by offering email aliases so you can convert you main e-mail address into something like [email protected] looking for two objectives: 1- To spread the project because everybody in touch with us will see something special in our e-mail address and might make them wonder what is it all about ( promotion of the cryptocurrency / Distributed scientific research ) 2- To gather some funds thanks to those alias so i can rent a VPS somewhere. My idea is to use the VPS for several tasks. First task is to run BOINC in text mode and to crunch blocks for the WorldCommunityGrid ( my favorite project ) and also to start offering other network services such as webmail for those who doesn't want to use the alias and wants to have a separate email account, and maybe also to have some cloud file hosting ( owncloud ), even might have some php-based market to keep the ecosystem growing. Also for those advanced users i can offer second level dns so you can have yourownhost.use-gridcoin.net Please notice that although i am a sysadmin, i cannot take this project as something BIG, consequently do not expect something like gmail or dropbox from me ( i am just one guy so my time for support is limited ), plus, as i said, i am doing this for fun and to create some economical enviroment for the gridcoin, so the prices will be really peanuts To start with the project i will ask for 3 GRC ( 0,15 USD current price ) to anybody who wants to have an email alias for a year The domain purchase ( 2 years ) was 45 USD approximately so i will require around 300 e-mail aliases just to cover the expenses. Also, for those who wants to own a host under the DNS of use-gridcoin.net i will ask for 10 GRC / year ( 0,5 USD current price ) For stage 2 i found that a VPS in Switzerland, with 2048MB of Ram, 40GB of storage and xenon processor is around 40 USD / year as well so you can make the numbers about how many things i have to "sell" -i prefer to use the term donation, indeed, because of the lack of profit from my side- AGAIN: Please do not consider this as spam, if you do, please accept my apologizes because i will not become rich with this. ALSO, if you know some other small projects / proposals, do not hesitate in sharing them here, to make everybody aware Questions, blamings, suggestions, comments or whatever are welcome both as answers to this thread and via email ( rod AT cottonio DOT no-ip DOT org - OpenPGP 0xa024d74b31bc5e35 )
Hello everyone and welcome to another Developer Update from the Gridcoin team. I'd like to remind everyone that these posts will be created every two weeks unless a wallet update is pending that week. We have a few new pull requests submitted by our developers since the last update as well as some news about CBR testing on testnet.
First up we have PR 1270 by @ifoggz. "This PR removes the ability to have to use 0123 0124 in stake amount." This change may seem quite strange, so let me first explain the reason we have to fix this. In our current system, the way the wallet identifies whether you staked Proof of Research or Proof of Stake is by looking at the last 4 digits of the stake amount. Every POR stake always ends with 0124 in the amount. This functions as a sort of "magic number") so the wallet can easily identify the type of stake without doing complex calculations.
The reason this needs to be changed, aside from being weird code and looking strange, is that it causes problems when paired with the upcoming changes to allow "stake splitting" as I talked about two weeks ago. Note that this change will be a part of v10, or CBR (also known as Betsy Bird).
Since the "forkpocalypse" back in February, testnet has been unable to sync from 0, necessitating the use of a snapshot. This has been a constant source of aggravation for new testnet users. Now thanks to PR 1268, a joint effort by @Quezacoatl1 and @tomasbrod, testnet users will be able to sync from 0 again as the "bad blocks" that preventing syncing are now bypassed in the block check system. Since this is testnet after all, there are not really any security implications with skipping known bad blocks in the chain.
To wrap it up, we had a flurry of bug fixes to help SouthXchange get up and running with our wallet as easily as possible.
PR 1266 by @ifoggz prevents a HTTP 500 error response from the RPC HTTP interface when entering a command that is supposed to be "null". Note that this change was literally one character! Quite a lot of hassle went into finding that missing "!".
PR 1271 by @jamescowens allows the command getrawtransaction to accept either a boolean value (true, false) or a number (1 for true, 0 for false) to indicate verbose output. This change makes our RPC output more in line with Bitcoin's.
PR 1272 by @ifoggz is a cosmetic fix that prevents balances from showing the 16 decimals (this is default wallet precision) when our smallest divisible unit is 8 decimals (1 Halford).
Testnet previously hard forked at block 629,409 on August 1st to begin CBR testing. Since that time, apart from a few hiccups at the start, CBR has been running quite smoothly. To address some of the other changes in v10 (it's not all CBR!) we will be preparing for a second hard fork on testnet in the next couple weeks. We are still awaiting some final changes to the v10 "package" of PRs to be completed, and then we will start our test builds and initiate hard fork round 2.
As always, if you'd like to help us out on testnet 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.
That's all for this round of the developer update. Tune in for the next post in two weeks (September 10th).
What a currency is, and are there non-speculator coins ?
I'm going to define currency as universal-commodity against which all other commodities are measured. For the sake of simplicity, i count everything that can be sold/bought as regular commodity, and "value" is meant in the colloquial sense, not the proper economic sense. So if somebody says Bitcoin is worth X amount of $, that statement implies that $ is the currency and Bitcoin the regular commodity. (here $ is the god-object and bitcoin a subcategory) If you wanted to see Bitcoin as the currency, you'd be using it to measure other commodities against it. How much Bitcoin do you have to pay for a cup of coffee or a ton copper-metal etc Another thing is currencies do not compete for value all that much, they compete for stability, As far as value goes, it seems that a range were the cost of everyday items are represented by convenient numbers. -> The coffee should cost between 1 and 10 tokens. If the Bitcoin-guys actually wanted to compete with the likes of Dollars or Wall-street etc. , they would change the promotional framing, where they would show the Dollar as a commodity with a wildly fluctuating value that is measured in Bitcoin, not the other-way around. Picture an anthropomorphized Bitcoin saying: I'm not volatile, everybody else is Since this is not the case I'm looking at bitcoin as pyramid-sheme, and all the "rebel-talk" as marketing. Sidenote: I also don't like Bitcoin because all that processing power for the mining is essentially wasted, while it could as well be used for BOINC like gridcoin Anyway, I'm looking for a coin that is locked/linked into an exchange for goods and services, meaning the value is solely based on real commerce that is facilitated by it. So a speculator buying a gazillion of these should not impact the value at all. I'm not sure about the technical application, i could imagine the system just printing new coins when it is exchanged for another currency and destroying coins when a speculator pulls out, basically normalizing against and an aggregate measure of the goods and services being transferred. You want to measure success by adoption rate of actual commerce : people willing to offer goods and services and repel people looking for financial gambling. I realize that this type of currency would have a boot strapping problem, and will basically have to parallel an established currency, until it can get enough of an ecosystem going to perpetuate itself.
Disaster averted: How I would go about addressing climate change
There is a lot of despair surrounding climate change lately, because the future we had hoped for did not unfold. The despair is justified to a large degree, as a lot of things have gone terrible wrong. As an example, the Americans have decided to elect a president who doesn't want to commit to reducing carbon emissions and instead wants to subsidize the dying coal industry. I don't feel like delving too much into the question of what causes this delusional mentality, nor do I feel like addressing the various arguments people have come up with to justify sticking their heads into the sand. Today I'd rather look at some of the things we can still do, to preserve a habitable planet. Even if the catastrophic predictions about positive feedback loops that go around turn out to be correct, it's unjustified to state that all hope is lost. There's a lot that can still be done, that people haven't adequately considered. I hope to cover some of those projects today.
Emergency interventions for threatened ecosystems
You might have seen some of the studies that came out, arguing that limiting the temperature rise to 1.5 degree Celsius would be insufficient to save most of the world's coral reefs. The coral reefs seem to be the most urgently threatened ecosystems out there. However, there are a number of emergency measures we can take, that would help us to buy time to prevent the coral reefs from dying. As an example, we can emit sulfates into the atmosphere, that block sunlight. It's estimated that one kilogram of well-placed sulfates, can offset the effects of hundreds of thousands of kilogram of carbon dioxide. Studies have been done on this subject, which found that placing sulphates into the atmosphere, would help us to prevent the coral reefs from dying. Other emergence measures for the coral reefs are discussed here. Important of course to note is that the coral reefs aren't just at risk of extreme temperatures, they're threatened by ocean acification too. However, ocean acidification can also be addressed to some degree as well. Seaweed takes up carbon from the ocean when it grows, thus locally reducing the Ph of the ocean. Studies are being done, that look at protecting coral reefs, by building seaweed farms near the coral reefs. The seaweed farms are found to be able to buy us anywhere between 7 to 21 years. Of course, it's important to note that we first need to ensure that seaweed cultivation becomes economically viable on such a large scale. A good start would be to start eating seaweed. Globally, seaweed cultivation is the fastest growing crop, growing by an estimated 8% per year. Billions of people worldwide receive too little iodine in their diet, including an estimated 70% of people in the United Kingdom. I personally try to eat a lot of seaweed. If the seaweed industry grows fast enough, costs may eventually drop down enough, to allow us to feed seaweed to our pets and to farm animals, before we will eventually use seaweed as a form of biomass for renewable energy.
The meat industry
The Japanese eat a third of the amount of meat Americans eat, but live four years longer on average, with far less obesity, heart disease, diabetes and cancer. I think humans benefit from some animal products in their diet, but we certainly don't need as much meat in our diet as we eat in the Western world. The ideal scenario would be if we could eliminate the consumption of all domesticated vertebrates. Instead, the main meat we would continue to eat would be from shellfish. We're approaching the point where we can grow meat in labs, at commercially viable prices. When this happens the amount of land needed to produce meat is reduced by 99%, while greenhouse gas emissions are reduced by 78-96%. Globally, the vast majority of the land we use, is used to grow animals who end up as meat on our dinner plate. It's clear that if lab-grown meat can be deployed on a large enough scale, large-scale reforestation of the planet becomes a viable objective to pursue. Many farms will go bankrupt, while massive migrations from the countryside towards the city will occur, as new jobs will emerge in cities, at the cost of rural lands. Governments can and should encourage this development. An easy way to encourage this development, would be to level the playing field. You don't need to subsidize lab-grown meat, we can easily stand on our own feed. Instead, get rid of your agricultural subsidies for meat production. I'm all in favor of Britain withdrawing from the EU, because the EU pumps billions of dollars every year into an unsustainable form of agriculture that puts our planet on the path towards global annihilation while filling the pockets of blue-blooded aristocrats who happen to have inherited a lot of land, most of which was simply stolen over successive generations.
I have long been skeptical, but it's clear to me now that an economy based on renewable energy can function. It might not be easy and it may take some adaptation, but we can sustain civilization without fossil fuels. The big argument generally brought up against renewable energy is that renewable energy is an intermittent form of energy. However, this doesn't have to be a significant problem, if we consider the simple fact that our civilization can learn to use energy on an intermittent basis. As an example, a house that's well insulated can lose 1 degree Celsius of heat, when it goes four hours without being heated. Thus, if you're dealing with intermittent electricity, excess electricity could quite easily be used to heat the house. How would you go about using excess electricity to heat your house? I can think of many ways, but here's an example: If your computer is using Boinc, it could quite easily be set up to start grinding once electricity prices are cheap and temperatures in your house are low. Once Gridcoin becomes a success, this will actually earn you money. Similarly, when your refrigerator is closed, like it generally is during the night, it can quite easily go a few hours without cooling. Appliances can quite easily be designed to work with the reality of intermittent electricity. Of course I'm not suggesting here that we could cope with a world where everything runs on intermittent solar and wind, with zero storage. Fortunately, to some degree we will find ourselves able to store electricity. Electrical cars can be used to donate electricity to the grid, during moments of (looming) shortage. In addition to this, we will always maintain a source of electricity that's not intermittent: Biomass. In the ideal scenario, we will create giant seaweed farms, where seaweed is grown that's then burned in our current coal plants. The carbon that's emitted when the seaweed is burned can then be used for various purposes, rather than being dumped into the atmosphere. I often see the argument proposed that some solution can't be scaled. There is not enough lithium for electrical cars, there is not enough lead for batteries, there is not enough land for biofuels, there are not enough empty roofs for solar panels, etcetera. What's forgotten in these arguments, is that none of these solutions will have to stand on their own. Climate change is not an easy problem, but it's a problem that's going to be solved by applying many different solutions. Some societies will be successful at this and succeed, others will fail and become failed states. America under Trump is likely to join the latter category. Another issue that's forgotten, is the fact that we're really spoiled, to a degree that it harms us. What would happen if Americans would suddenly have their electricity supply drop by fifty percent? If they can't learn to use electricity more efficiently, they would have to return to the standard of living they had in the 1960's. Did people die of hunger in the streets back then? As far as I can tell, they played more card and board games and went out more, rather than staring at screens. I think if we lost fifty percent of our electricity supply, we would be miserable for a few months, before we would breathe a sigh of relief and learn to deal with it. To me, the real question is whether we have the willpower to do what needs to be done, not whether it can be done or not.
I've already shown that we can free large amounts of land through lab-grown meat, that can then be used to grow enormous forests that will sequester carbon dioxide. The Amazon rainforest can be restored to its original extent, if we play our cards right. However, it doesn't stop here. We have alternative methods of carbon sequestration available to us too. If we covered 9% of the world's oceans with seaweed, we could sequester all the carbon dioxide we emit per year today. The reality remains that most of the ocean consists of deserts, where nothing can live because seaweed, corals and shellfish don't have the attachment points to grow and develop a rich ecosystem. You might have seen some of the nature documentaries, where an old ship is dumped at the right location, to make an artificial coral reef. This can be done in many ways, for many different organisms. Wind farms in the North Sea were discovered a few months ago to serve as perfect places for oysters to attach to. These oysters grow there now and attract other animals, that live off the oysters. In a similar manner, humans can grow seaweed in places, simply by creating attachment points for these plants. We're used to destroying ecosystems, turning giant forests into deserts as we have done around the world. What we're capable of doing too, is turning oceanic deserts into giant underwater forests. It doesn't require intense effort, we're already doing it by accident, as the wind turbines in the North Sea have demonstrated. When we grow biomass, we think of it as a carbon-neutral form of energy production. We can easily turn it into a carbon-negative form of energy production however, simply by using the carbon dioxide. There are many different forms of carbon sequestration. The most promising perhaps, is to build with carbon-negative concrete, which is concrete that's built using carbon dioxide. Concrete production currently causes 5% of all global CO2 emissions. It's thought however, that we can produce concrete that sequesters twice as much carbon as regular concrete emits. We would thus be able to reduce CO2 emisisons by 15%, simply by replacing all of our current concrete with this new carbon-negative concrete. The curve of technology adaptation is becoming steeper. Whereas it took a century before most people in Western nations had cars, it took ten years before most of us had internet. How fast do you think we can transition to 100% carbon-negative concrete? I think this can be accomplished within a few years, if we're willing to make the transition. Similarly, in Iceland, power plants are being developed that sequester carbon dioxide while generating energy. Of course the amount sequestered is not enormous yet, the equivalent of 150 Bitcoin transactions, but it's a first step in the right direction.
I think this solution is important to note, even if it will seem like far-fetched science-fiction to some of you. This is ultimately a solution on which every above solution will come to depend. We're used to problems that have a singular unified solution. Climate change is not such a problem, it requires reconfiguring our entire carbon-based economy. We will find ourselves faced with a situation that may require hundreds of small solutions, rather than one single big solution. This requires intelligent people, who are capable of discovering and implementing such solutions. What we need right now is a cultural transition, that will lead people to take this problem seriously. When people take the problem seriously, they'll take the solutions seriously and move towards implementing them. One important thing we've noted, is that people's environmental attitude, is strongly linked to their ability to delay gratification. People who are able to delay gratification, desire to take care of the environment they inhabit. Delayed gratification in turn, is a product of intelligence. When we look at societies where people try to take care of the environment they inhabit, we find that the people there tend to be relatively intelligent. Consider for example, the two nations where the highest percentage of the population considers climate change to be caused by human activity: South Korea and Japan. South Koreans and Japanese people are among the most intelligent people on the planet. Similarly, Chinese people score at the top of the list. Why do Americans stick their heads into the sand? Why do they vote for leaders who pretend the problem isn't real? Why are you guaranteed to have some American numbnuts show up in the comment section of any article about climate change, insisting that we'll soon have a solar minimum that will somehow end the problem, that the climate has always changed, that volcanoes actually emit more CO2 than humans, that carbon dioxide makes plants grow, that climate change is actually caused by poor Indians and Africans who have too many children rather than by Americans, or that it only seems like the Earth is warming because of measuring stations located near cities? The answer is, that on average Americans are simply not very intelligent people. Keep in mind, that 41% of Americans genuinely believe that Jesus will return to Earth before the year 2050. Besides lacking intelligence, they lack the ability to think critically. They're good at selectively seeking out information they already want to believe. Like a bunch of parrots in a tree they'll blindly copy whatever they're hearing and amplify each other's stupidity to soothe their nerves. We can discuss all of the various reasons why Americans are not very intelligent and poorly capable of critical thought in a later essay. It's worth noting however, that most Americans suffer from very poor health, which diminishes their innate cognitive potential. Imagine if the whole world had the level of intelligence of Japanese or South Korean people. People there have birth rates and immigration policies that ensure their population is gradually declining. Japanese people eat a third of the meat American people eat. In addition, Japanese people emit 70% less CO2 in transportation, than Americans. The reality we're dealing with, is that our problem would be relatively easy to solve, if we lived on a planet with seven billion people with a level of intelligence equivalent to that of East Asians. The global overpopulation crisis we face is almost entirely caused by religious fundamentalism. Religious fundamentalism in turn, is caused by people who lack intelligence. Intelligent people, capable of critical thinking, don't force children to carry out suicide bombings. A society with sufficient intelligent people, is one where dumb people adjust themselves to the culture of intelligent people, whereas in most societies the opposite occurs. The solution we're looking for, is thus ultimately a form of cognitive enhancement. There are many different ways to go about this. It's possible for people to select the smartest embryo to implant, to ensure children have a genetic potential that far outweighs their parents. There are however, far simpler probably more cost-effective methods we can already use right now. Millions of people, even in Western nations, suffer from iodine deficiency during pregnancy. This permanently stunts the IQ of their children. Similarly, we can feed people a healthy diet with sufficient Omega 3 fatty acids, encourage breastfeeding and eliminate gestational diabetes, while reducing exposure to fluoride which competitively displaces iodine in the human body. If these solutions are genuinely pursued, we will raise the average IQ of the world's population, which should be sufficient to create the kind of conditions where people vote for leaders who take climate change seriously and pursue serious effort to preserve a habitable planet. We don't have to be like deer on an island, because we will have the cognitive potential to plan ahead for the crisis that looms ahead of us.
I've been trying to find an effective way to profit from small amounts of cryptocurrencies. I am a student and as such, don't have a lot of extra money to throw around and get into cryptos. I assume there many people who are just like me, want in but simply can't afford it. To that end, I began digging. I watched a lot of videos, read numerous posts and web pages and got bogged down in useless information. There was a lot of do this or that and you will find it easy to get into. Obviously most of it was just talk, or worse someone trying to make a quick buck off of someone else. Then I stumbled onto a video on YouTube. It was a way of using faucets and eobot to begin building enough to truly work with, without it taking years. The idea was solid, but I tweaked it a little so it could easily work for me and others. Basically, I use the faucets connected to coinpot. I have found 5 so far. 3 for bitcoin, 1 for litecoin, 1 for doge and one for dash. bonusbitcoin http://bonusbitcoin.co/?ref=59471E47569E bitfun http://bitfun.co/?ref=98A930B3CDF7 moonbit http://moonbit.co.in/?ref=b394c805326c moonlite http://moonliteco.in/?ref=b8aa0daa2e20 moondoge http://moondoge.co.in/?ref=f212df0fae11 moondash http://moondash.co.in/?ref=84DCF8C99A9A eobot https://www.eobot.com/new.aspx?referid=910461 Make sure you use the same email for all of them; this is important. The trick is, use the first one (bonus bitcoin) every 15 minutes. Under the claim button there is a link that says "change your claim settings". Check the box that says "always receive the average claim amount". If you do this, you won't get the 5000 but you will also get more that 45. As for the other 4, those build over time. But the longer you wait the slower it adds up. So I check those every 30 minutes. However, the moon faucets you can claim every 5 minutes and bit fun you can claim every 3. If I keep to this scheduled, I make 13,000 satoshi everyday. Then I send it to eobot. (there is a 1000 satoshi fee for withdraws under 50,000 satoshi.) It can take up to 48 hours to transfer, but once it does I exchange the satoshis for Cloud SHA-256 4.0 24 HOUR RENTAL. Mine your GHS. Every 2 days or so (depending on bonuses) you can withdraw your litoshi and doge. On days that all 3 hit my eobot account at roughly the same time, I convert everything over to the same currency (usually doge) and buy the 24 hour rental. Eobot also has its own faucet. Whatever you are mining when you claim it, is what it pays out. You will also get 1 doge everyday you log in. I have also put some of my earnings into cloud folding and cloud seti. These also work like a mining tool, though they only pay in cure coin and gridcoin. Both of which I can exchange for different coins, invest in GHS or simply let build. Well that's about the gist of it. If anyone has any questions feel free to ask.
This will be our first hangout in the Gridcoin Discord channel! We hope to increase attendance by hosting the hangout in an application that people already idle in. So, come one, come all! :D Need some $GRC to get your wallet going? We will be giving away 5 FREE GRC to anyone that needs it, up to 100 GRC per hangout! Free Gridcoins are provided by the other members of the hangout as a kind gesture from the community. Want to suggest a topic to discuss? Reply with your suggestions in this Steemit post, or on the Reddit repost, and we will discuss your topic in chronological order of submission. Can we discuss anything? 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. What is Gridcoin? 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/ Where can I listen to the raw live stream? https://www.twitch.tv/fkinglag Where can I listen to edited versions of the hangouts? https://dsound.audio/#/@peppernrinohttps://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=142176https://soundcloud.com/gridcoin-community-hangoutshttps://www.mixcloud.com/gridcoin_hangouts/https://www.youtube.com/GridcoinHangouts Past episode details: https://steemit.com/gridcoin/@peppernrino/gridcoin-community-hangout-051 Last Classroom details: https://steemit.com/gridcoin/@peppernrino/gridcoin-community-classroom-010 Why are we holding these hangouts? 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. How long will the hangout last? Shooting for a hard limit of 2 hours. Gridcoin Hangout #052 will be held on: March 17, 2018 @ 7pm UTC. Compare 7pm UTC to your time zone! http://everytimezone.com/#2018-3-17,420,c8l How to join the Gridcoin hangout: Step 1: Join our Discord: https://discord.me/gridcoin Step 2: Join the hangout voice channel in the Social category. That's it! Everyone is encouraged to join, especially those who suggest topics of discussion in this thread. A massive shout out to the BeyondBitcoin community & @officialfuzzy for providing the Gridcoin community a room in their mumble server for free for every hangout until now (even they have switched to Discord), @cm-steem, for hosting the first ~35 Hangouts. Also, to @fkinglag for providing a live stream of the Hangouts and Classrooms for more ways to get in on the action! :D Thanks for reading, and follow me for more Gridcoin-related updates!
Gridcoin price today is $0.00579073 with a 24-hour trading volume of $1,494.88. GRC price is up 10.5% in the last 24 hours. It has a circulating supply of 430 Million coins and a max supply of ∞ coins. Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. What is Gridcoin? Gridcoin is an open source cryptocurrency (Ticker: GRC) which securely rewards volunteer computing performed on the BOINC platform.. What is BOINC? BOINC is an open source volunteer computing grid which combines the processing power of individual users for the purposes of scientific research. It is free to use and already home to 30+ projects spanning a range of scientific Buying GridCoin (GRC) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells GRC in exchange for bitcoin or Ether. There was a change from the original Gridcoin protocol (Gridcoin-Classic) to Gridcoin-Research, the "actual" Gridcoin on October 11, 2014. Gridcoin-Classic used a hybrid Proof-of-work that allowed for the network to be secured with the help of mining software alongside POS. Comparatively an improvement upon Bitcoin but computational resources
The Beyond Bitcoin Community has provided Gridcoin a mumble room to hold regular conference calls, this is the third Gridcoin Hangout. Thanks to Peppernrino for his dedicated audio editing work ... Another round of exciting technical analysis brought to you by Coinigy.com and The Rational Investor! This week's special guest is Roy aka RTMoney from Gridcoin. Gridcoin is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware, therefore is not as likely to be replaced by specialized ASIC ... Hello Everyone, Welcome to my second video where I talk about my recent LCS finds as well as some commentary for new stackers including information about coins and rounds. Please subscribe and ... Skip navigation Sign in. Search