Gridcoin (GRC) Scrypt based cryptocoin - Crypto Mining Blog

Funding the future with the future of currency

**About the Einsteinium Foundation** The Einsteinium Foundation was created to help, in any small way it can, raise funding for cutting edge scientific research. To this aim we created Einsteinium, a new crypto currency (similar to Bitcoin), to gather funds that can be distributed to projects the community chooses. Combined with donations from the community at large we will help fund some of the most innovative projects currently under-way or help seed those waiting to start.
[link]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

A coal fired power plant is being reopened to give cheap power to bitcoin miners

A coal fired power plant is being reopened to give cheap power to bitcoin miners submitted by WargullTheDragon to pcmasterrace [link] [comments]

How much do people make in a day from PoR?

I'm new to Gridcoin, only about a month in, and so far I've only made about 50 GRC. I'm only running CPU mining on a few small devices, so I'm not expecting to make more, I was just wondering what other people made per day or per week and what their hardware was? I'd like to create a realistic goal for myself. Thanks, and awesome coin idea!
submitted by crazyeyedcow to gridcoin [link] [comments]

A tour of the Gridcoin wallet

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.

OVERVIEW TAB

After that prompt, you should be left sitting on the main overview tab with several fields on it.
From top to bottom:

SEND TAB

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.

RECEIVE TAB

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.

TRANSACTIONS TAB

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.

VOTING 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)
Here's what the Voting tab will look like once you're in sync

CONTEXT BAR

Now onto the context bar menus on the top.
Under File you have:
  • Backup Wallet/Config: This lets you backup your wallet configuration file just in case.
  • Export: You can export your Transactions tab or Address Book in CSV format.
  • Sign message: Does the same thing as on the Receive tab.
  • Verify message: Does the same thing as on the Address Book tab.
  • Exit: Close the wallet.
Under Settings you have:
  • Encrypt Wallet: Encrypts your wallet with a password. (we'll come back to this)
  • Change Passphrase: Allows you to change your encryption password.
  • Options: Opens the options menu. (We'll come back to this)
Under Community you have:
Under Advanced you have:
  • Advanced Configuration: Opens the Advanced Configuration menu. (Not so advanced if you ask me)
  • Neural Network: Allows you to view solo miners project statistics. It will be largely blank if you're not in sync yet.
  • FAQ: Don't touch this, It is broken.
  • Foundation: Don't touch this, It is broken.
  • Rebuild Block Chain: Starts the client syncing from 0. Don't worry, using this will not make you lose coins.
  • Download Blocks: Downloads the latest official snapshot, can help speed up syncing. The download progress tends to sit at 99.99% for a long time, don't worry, it's working.
Under Help you have:
  • Debug window: Opens the debug window. (We'll come back to this)
  • Diagnostics: Don't touch this, it is broken. This has since been fixed. You can use this to see if there is anything wrong with your setup.
  • About Gridcoin: Opens the About Dialog. This gives you your client version and other information.

OPTIONS

Now back to the options menu under Settings > Options.
Here we have the options menu main tab:
  • Pay transaction fee: The transaction fee that will be automatically paid when you make a transaction.
  • Reserve: You can reserve an amount so that it will always be available for spending.
  • Start Gridcoin on system login: Pretty self-explanatory
  • Detach databases at shutdown: Speeds up shutdown, but causes your blockchain file to no longer be portable.
On the Network tab:
  • Map port using UPnP: Attempts to connect to nodes through UPnP.
  • Connect through SOCKS proxy: Allows you to connect through a proxy.
The window tab is pretty self-explanatory.
The Display tab is also pretty self-explanatory, with the exception of:
  • 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).
  • Change: What you will get back in change.
  • 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:
  1. 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.
  2. 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.
  3. 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.

FORKING

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?
  1. 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.
  2. 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.
  3. 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.
  4. Use Advanced > Download Blocks.
  5. If none of this works, you can take a look at social media (reddit/steemit) and see what other people are saying.

CONFIGURATION FILE

Your configuration file depends on your operation system:
  • On Windows: %appdata%\GridcoinResearch\
  • On Linux: ~/.GridcoinResearch/
  • On MacOS: /Users/USERNAME/Library/Application/Support/GridcoinResearch/
And it should look like this.
If you open up your gridcoinresearch.conf, you'll see the default one it generated. Note that if you entered your email earlier, the first line will have your email on it instead of "investor". If you decided you want to solo mine but didn't enter your email when you first started the wallet, go ahead and put your email on the first line in place of "investor". If you're a pool miner, just leave it as "investor".
Next, it's recommended that you use the addnodes on the gridcoin wiki. So our gridcoinresearch.conf will look like this.
A useful line for solo miners is PrimaryCPID=[YOUR CPID]. Sometimes your wallet can pick up on the wrong CPID so it's good to have that in there if you're solo mining.

RUNNING A LISTENING NODE

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]".

QUICK LINKS

Gridcoin.us Official Website
Gridcoin.science Unofficial Website
Gridcoinstats.eu Block Explorer
NeuralMiner.io Block Explorer
Gridcoinstats.eu Faucet
Gridcoin.ch Faucet
Gridcoin Wiki
Gridcoin Github
GRCPool
Arikado Pool
And that's all I have for now!
I plan to keep this post up-to-date with changes in the client. So if anyone has any suggestions, have clarifications they want made, or maybe I got something wrong, then please feel free to leave a comment below or PM me!
submitted by Personthingman2 to gridcoin [link] [comments]

New PC, interested in mining.

I have a brand new computer. (i7 6700, gtx 970, 16gb ddr4 ram, 750w psu) and I'm interested in getting into mining. I feel like I'm late to the party but I'm curious what kind of money I could make dedicating this PC to mining while I'm at work/night.
submitted by john_the_rapper to gridcoin [link] [comments]

What does staking do/reward?

I'm new to the Gridcoin scene, but I did some Bitcoin mining a few years back, I stopped prematurely now seeing what BTC is worth... Anyway I got interested in Gridcoin when I found it and Boinc, with the whole furthering science option and gaining cryptocurrency by crunching in the process, very cool. Right now I've been pool crunching somewhat on and off for maybe the last week, mainly using my "higher end" cough laptop, right now the pool reports I'm racking in about 1 mag at .25 GC a day. Now I'm expecting/hoping for my mag to reach 2-3 (or even higher?) over the next few weeks if I keep at it. Currently I've had one payout from the pool of just under one GC.. But I found a site today claiming to freely give 3 free GC, so I'm hoping by my next payout to have 5 GC in total, and I'm planning on using my wallet for staking purposes for now. TLDR Which leads to my question, what does staking do for Gridcoin, and what does it matter to me? Am I rewarded a certain amount of coin when I stake a block? I made a receiving address to my wallet in case anybody feels generous and wants to help a newbie out :) S8D9F8ggxUs4jpQj4JLndet3q2knXpaRBg For Science and Exploration!
submitted by makeitlife to gridcoin [link] [comments]

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.
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?)
submitted by Koa914914914 to gridcoin [link] [comments]

What is Gridcoin and how to get started?

Gridcoin is a cryptocurrency that rewards researching for BOINC projects (https://boinc.berkeley.edu/) in a decentralized way.
There are BOINC projects, that for example cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/) and many more.
Just like in bitcoin there is a fixed rate of newly minted coins given out every day. But unlike Bitcoin, miners compete in doing calculations for actual research projects to earn coins. Gridcoin is based on Proof of Stake, but with the modification that the PoS reward gets bigger dependig on how much research you do compared to your fellow researchers.
In order to achieve this, all clients regularly query the whitelisted BOINC projects and come to a consensus, how much research was done by each user in the so called "Neural Network". This information is then stored on the blockchain and is the basis for how much a researcher gets when he stakes the next block.
The best way to get started with Gridcoin is on the official page: www.gridcoin.us. There are tutorials for both solo-mining and pool-mining. There is also a pretty good tutorial for solo-mining on youtube: https://www.youtube.com/watch?v=jX78dSvg8kg
The main sources of information about Gridcoin besides this subreddit are the forum (https://cryptocointalk.com/forum/464-gridcoin-grc/) and IRC (https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin-help).
submitted by nctr to gridcoin [link] [comments]

Next 7 day's up coming events (2017-11-26 - 2017-12-03 UTC)

I am a bot and my goal is to bring you upcoming events every 7 days. If you want improvements to this post, please comment and my master, houseme will review them and make improvements.
 
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LIST OF UPCOMING EVENT
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The Banking Platform for the Next Billion
November 06, 2017 12:00 AM - December 06, 2017 11:59 PM
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Blockchain
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REBELLIOUS ($REBL) - FREE AIRDROP
November 21, 2017 12:00 AM - December 31, 2017 11:59 PM
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November 26, 2017 12:00 AM - 11:59 PM
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BITSHARES ($BTS) - CORE CLIENT UPDATE
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NEO ($NEO) Onchain/NEO Project
November 27, 2017 1:30 PM - 5:00 PM
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Triggers (TRIG) - Space Summit Alexandria VA
November 28, 2017 12:00 AM - 12:00 AM
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Monetha ($MTH) Blockchain Summit London
November 28, 2017 12:00 AM - 11:59 PM
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Stratis ($STRAT) Blockchain Expo
November 28, 2017 12:00 AM - November 30, 2017 11:59 PM
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TRIGGERS ($TRIG) SPACE SUMMIT – ALEXANDRIA
November 28, 2017 12:00 AM - 11:59 PM
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SONM ($SNM) BLOCKCHAIN SUMMIT, LONDON
November 28, 2017 12:00 AM - 11:59 PM
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RAIDEN NETWORK TOKEN ($RDN) RAIDEN RELEASE
November 28, 2017 12:00 AM - 11:59 PM
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AVENTUS ($AVT) LISTING ON EXCHANGES
November 28, 2017 12:00 AM - 11:59 PM
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PHORE ($PHR) – CRYPTOPIA LISTING
November 28, 2017 12:00 AM - 11:59 PM
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I/O COIN ($IOC) BLOCKCHAIN UPGRADE
November 28, 2017 12:00 AM - 11:59 PM
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ICONOMI ($ICN) CONSENSUS: INVEST
November 28, 2017 12:00 AM - 11:59 PM
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SALT ($SALT) CONSENSUS INVEST EVENT
November 28, 2017 12:00 AM - 11:59 PM
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RIPPLE ($XRP) CONSENSUS: INVEST
November 28, 2017 12:00 AM - 11:59 PM
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TRIGGERS ($TRIG) EVENT BLOCKSAFE, PARTNERS
November 28, 2017 12:00 AM - November 30, 2017 11:59 PM
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BLACKMOON CRYPTO ($BMC) COIND-CONSENSUS INVEST-NY
November 28, 2017 12:00 AM - 11:59 PM
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SONM ($SNM) BLOCKCHAIN EXPO, ST CLARA
November 28, 2017 12:00 AM - 11:59 PM
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CENTRA ($CTR) BLOCKCHAIN EXPO, CA
November 28, 2017 12:00 AM - 11:59 PM
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WAVES ($WAVES) BLOCKSHOW ASIA, SINGAPORE
November 29, 2017 12:00 AM - 11:59 PM
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KOMODO ($KMD) BLOCKSHOW ASIA
November 29, 2017 12:00 AM - November 30, 2017 11:59 PM
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VECHAIN ($VEN) BLOCKSHOW IN SINGAPORE
November 29, 2017 12:00 AM - 11:59 PM
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DECENT ($DCT) CONFERENCE BLOCKSHOW ASIA
November 29, 2017 12:00 AM - November 30, 2017 11:59 PM
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BITCOIN ($BTC) ICO EVENT AMSTERDAM
November 29, 2017 12:00 AM - 11:59 PM
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BITCOIN ($BTC) ICO EVENT AMSTERDAM
November 29, 2017 12:00 AM - 11:59 PM
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COINRAIL TO LIST STEEM ($STEEM) KOMODO ($KMD) AND CARDANO ($ADA)
November 29, 2017 12:00 AM - 11:59 PM
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STELLAR LUMENS ($XLM) BLOCKSHOW ASIA 2017
November 29, 2017 12:00 AM - 11:59 PM
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KOMODO ($KMD) TO BE LISTED ON COINRAIL
November 29, 2017 12:00 AM - 11:59 PM
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WAVES ($WAVES) BLOCKCHAIN EXPO AMERICA
November 29, 2017 12:00 AM - November 30, 2017 11:59 PM
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CARDANO ($ADA) TO BE ADDED ON COINRAIL
November 29, 2017 12:00 AM - 11:59 PM
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STEEM ($STEEM) TO BE ADDED ON COINRAIL
November 29, 2017 12:00 AM - 11:59 PM
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ICO event Amsterdam
November 29, 2017 9:11 AM - 6:00 PM
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STELLAR LUMENS ($XLM) CONFERENCE IN SEOUL
November 30, 2017 12:00 AM - December 01, 2017 11:59 PM
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Everus (EVR) - Crypto Visa / MC Debit Card
November 30, 2017 12:00 AM - 11:59 PM
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Cardano (ADA) - Listing on Coinrail
November 30, 2017 12:00 AM - 12:00 AM
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BITBAY ($BAY) - HARD FORK
November 30, 2017 12:00 AM - 11:59 PM
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BITBAY ($BAY) - STAKE REWARD INCREASE
November 30, 2017 12:00 AM - 11:59 PM
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TRIGGERS ($TRIG) - MASTER NODES ANNOUNCEMENT
November 30, 2017 12:00 AM - 11:59 PM
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RIPPLE ($XRP) TO BE ADDED TO GMO JAPANESE EXCHANGE
November 30, 2017 12:00 AM - 11:59 PM
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TRIGGERS ($TRIG) TESTING QTUM WALLET
November 30, 2017 12:00 AM - 11:59 PM
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DECISION TOKEN ($HST) LISTING ON CRYPTOPIA
November 30, 2017 12:00 AM - 11:59 PM
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DECENT ($DCT) DECENT RE-BRANDING
November 30, 2017 12:00 AM - 11:59 PM
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WETRUST ($TRST) BETA VERSION ANNOUNCEMENT
November 30, 2017 12:00 AM - 11:59 PM
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LISK ($LSK) AUDIT ON MAIN COMPONENTS
November 30, 2017 12:00 AM - 11:59 PM
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ZENCASH ($ZEN) SECURE NODES GO MAINNET
November 30, 2017 12:00 AM - 11:59 PM
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NEOSCOIN ($NEOS) WEBSITE LAUNCH
November 30, 2017 12:00 AM - 11:59 PM
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LINX ($LINX) NEW WALLET RELEASE
November 30, 2017 12:00 AM - 11:59 PM
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MODUM ($MOD) CEO ANNOUNCEMENT
November 30, 2017 12:00 AM - 11:59 PM
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SUMOKOIN ($SUMO) SUBADDRESSES
November 30, 2017 12:00 AM - 11:59 PM
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RUPEE ($RUP) WALLET RELEASE
November 30, 2017 12:00 AM - 11:59 PM
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HUSH ($HUSH) ADDED TO BITTREX
November 30, 2017 12:00 AM - 11:59 PM
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BITCONNECT ($BCC) BLOCKCHAIN EXPO
November 30, 2017 12:00 AM - 11:59 PM
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Blockchain & Bitcoin Conference Cyprus
November 30, 2017 9:00 AM - 6:00 PM
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Cryptocurrency World Expo Warsaw
December 01, 2017 12:00 AM - December 02, 2017 11:59 PM
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December 01, 2017 12:00 AM - 11:59 PM
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December 01, 2017 12:00 AM - 11:59 PM
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December 01, 2017 12:00 AM - 11:59 PM
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VERIUM RESERVE ($VRM) MOBILE MINING TO A POOL
December 01, 2017 12:00 AM - 11:59 PM
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LIFE ($LIFE) DE-LISTING FROM COINEXCHANGE
December 01, 2017 12:00 AM - 11:59 PM
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GAMBIT ($GAM) NEW WHITEPAPEROADMAP
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December 01, 2017 12:00 AM - 11:59 PM
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ADELPHOI ($ADL) CRYPTOCURRENCY WORLD EXPO
December 01, 2017 12:00 AM - 11:59 PM
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DCORP ($DRP) TO BE ADDED ON HITBTC EXCHANGE
December 01, 2017 12:00 AM - 11:59 PM
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BRIDGECOIN ($BCO) STAKING AND PAYOUT DIVIDE
December 01, 2017 12:00 AM - 11:59 PM
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December 01, 2017 12:00 AM - 11:59 PM
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December 02, 2017 2:00 PM - 5:00 PM
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December 03, 2017 12:00 AM - 11:59 PM
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December 04, 2017 12:00 AM - 11:59 PM
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submitted by cryptocalbot to CryptoCurrency [link] [comments]

My first approach in Gridcoin world: doubts and concers

The concept behind Gridcoin to address the dumb nonsense mining using computation power to support science is great. I was enthusiast to get on.
Unfortunately very soon I'm starting to have the impression that the execution is poor at this time:
-Windows client very unstable and needs Administrator privileges also if you choose the installation for a single user (is unclear the reason, poor development I suppose).
-There is no option to use a lightweight approach for the client but you are forced to download the whole blockchain to sync. Other coins have clients that allow you to use the wallet without having the whole blockchain on your PC (eg Electron for Bitcoin)
-Two days to figure how to sync my wallet, followed the instructions on website to use faucets to get some coin to start and... most faucet doesn't works... offline websites. The only site active seems have sent me nothing. And seems that few 0.00something gridcoins aren't enough to sync wallet, so there is a minimum quantity of GRC not specified (1?? 2?? 100??). The needs of initial gridcoin balance is bad for a future use as alternative currency.
-I have started to configure mining pool using the guide and choosing a project of the whitelist... BOIC seems sync correctly but I'm running a project for hours and still the pool statistics are all 0: 0 RAQ 0 MAG 0 estimated gridcoins. (the project appears in the hidden list of project with no RAQ). Reward systems seems not clear enough. The users have no calculator to get an idea about number of GRC a type of project can sent to they using their computational power to understand if the project is too demanding for their hardware. The way how a project gets the GRC to assign to the users that support research seem unclear an seems something centralized.
-Is not clear how the gridcoins supply is generated... Is there a maximum number of coins generation like for Bitcoin or could be generated coins without any limit??
In addition there is a big privacy issue: from the payment address you can get instantly the whole amount of gridcoins associated to user wallet. This is bad.
I have read the "whitepaper" but are only 5 pages with a too superficial description of the system. IMHO
I hope that these issues will be addressed in some way, because I really love the concept to help the research.
submitted by AndreaFar to gridcoin [link] [comments]

My Gridcoin Story

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 sort of not really 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!
submitted by NethlekGRC to gridcoin [link] [comments]

Let's discuss consensus algorithms, as that's the most important basis for a cryptocurrency

Let's all work on this one as if it's a Wiki. Correct me in the comments and I'll update the post and reference you as a thank you.
An interesting investment strategy (which I dislike) might be choosing one of the best cryptocurrency for each consensus algorithm, and investing in a ratio comparable to it's market capitalization.
The most important properties of a consensus algorithm would be:
There's also the percentage of attackers that it could resist, but I'll skip that part. Ripple is the worse by far when it comes to that, PoW, PoS and dPoS are the best)
First off, I think that we should only care about consensus algorithms that are suited for a public cryptocurrency. I see no reason as to why we should care about permissioned cryptocurrencies (where you need approval to mine/stake). But since I might be wrong - and please illuminate me if I am - I'll write about those as well here.
So...
Consensus algorithms for permissionless cryptocurrencies
  • PoW (proof of work): Bitcoin, Ethereum, ...
    [D] high [R] average [C] no
    huge disadvantage in that it consumes too much electricity therefore I don't see more than 1-2 cryptocurrencies surviving with this
    special flavors:
    • useful PoW (where the work actually does something useful for the world): Curecoin, Primecoin, Gridcoin
 
  • PoS (proof of stake): Waves, NXT, ...
    [D] high [R] low [C] no
    special flavors:
    • PoI (proof of importance, how active you are matters as well, not just the size of the stake, not worth discussing much as it can easily be gamed): NEM
    • Casper with sharding (both sharding and casper are under active development): none yet, [C] yes
 
  • DAG (directed acyclic graph): Byteball (directed through - currently centralized - witnesses, but this will easily be changed when the distribution is over), IOTA (directed through a - currently centralized - coordinator, should be directed only through PoW in the future, if it is indeed possible)
    [D] high [R] too early to tell [C] yes
    big advantage in that you make the transaction directly, there's no intermediary in the memory pool
 
  • dPoS (delegated proof of stake): Lisk, Bitshares, ...
    [D] average [R] low [C] no
    in my humble opinion this is the best, even though God (aka Vitalik Buterin) disagrees. I don't have in my portfolio any cryptocurrency that uses it though
Consensus algorithms for permissioned cryptocurrencies
  • PBFT (practical byzantine fault tolerance): Hyperledger Fabric
    [D] low [R] low [C] no
    all the nodes have to know all the nodes for this to work, the block confirmation process is done in three steps that require a lot of communication
    special flavors:
    • dBFT (delegated blabla): Neo (not completed, might allow concurrency in the end)
    • SCP (Stellar Consensus Protocol): Stellar, BOScoin
 
 
  • Ripple: Ripple
    [D] low [R] average [C] no
    for Ripple itself, the cryptocurrency, [D] is extremely low, but forking their code might solve that (basically creating another cryptocurrency with the Ripple consensus mechanism)
I need help categorizing these
  • ???: Maidsafe
    [D] ??? [R] ??? [C] yes
Note that there are also leeches, colored coins or metacoins, that use the consensus algorithms of other cryptocurrencies in order to function. For example Factom.
submitted by Nabukadnezar to CryptoCurrency [link] [comments]

Clarification Questions

I've been using BOINC on and off for the last sizteen years (back when it was just [email protected]). I took a break after my computer sparked and released the mystical blue smoke but I'm going to have a Laptop sitting mostly idle hosting a low power web application and thought I might as well put it to good use.
I've read through the tutorials but wanted to lay out a few questions and hope i don't have to do a lot of rework.
1) Can I set up a Gridcoin wallet on any computer? It doesn't matter if I happen to use that computer for processing right? I'd rather keep my wallet on a computer a use often than one thats in the basement just humming along. For that matter how important is it that my wallet be online if I'm just pool mining?
2) I was just going to use BAM to manage my projects. Do I just have to join the gridcoin team in BAM and then link it to BOINC? I'm going ton use the same email address for the wallet that I'm currently using for BAM
3) Can I just get a wallet for my cell phone? seems to be very few options for a gridcoin wallet compared to bitcoin wallets I see.
I'm sure these are noob questions and I thank you for your patience.
submitted by Thebuda to gridcoin [link] [comments]

Next 7 day's up coming events (2017-11-25 - 2017-12-02 UTC)

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LIST OF UPCOMING EVENT
November 06, 2017 12:00 AM - December 06, 2017 11:59 PM
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FuturoCoin - FutureNet Event 2017
November 24, 2017 12:00 AM - November 26, 2017 11:59 PM
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Bitsend (BSD) - Segwit activation
November 25, 2017 12:00 AM - 11:59 PM
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Baltic Honeybadger 2017
November 25, 2017 9:00 AM - November 26, 2017 5:30 PM
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REBELLIOUS ($REBL) - FREE AIRDROP
November 21, 2017 12:00 AM - December 31, 2017 11:59 PM
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November 25, 2017 12:00 AM - 11:59 PM
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Bitcoin Diamond ($BTCD) Hard Fork
November 25, 2017 12:00 AM - 11:59 PM
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BITSEND ($BSD) - SEGWIT ACTIVATION
November 25, 2017 12:00 AM - 11:59 PM
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Bitcoin ($BTC) Baltic Honeybadger 2017
November 25, 2017 9:00 AM - November 26, 2017 5:30 PM
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SUBSTRATUM ($SUB) SUBSTRATUM NEW WEBSITE
November 25, 2017 12:00 AM - 11:59 PM
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GRIDCOIN ($GRC) GRC COMMUNITY HANGOUT
November 25, 2017 9:00 PM - 11:59 PM
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Decred Lightning Network Support
November 26, 2017 12:00 AM - 12:01 AM
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Billionaire Token ($XBL) CoinExchange.io Listing
November 26, 2017 12:00 AM - 11:59 PM
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Bitquence ($BQX) Bitquence Meet Up
November 26, 2017 12:00 AM - 11:59 PM
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Loopring ($LRC) Smart Contract
November 26, 2017 12:00 AM - 11:59 PM
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Monetary Unit ($MUE) Coin Burn
November 26, 2017 12:00 AM - 11:59 PM
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BITSHARES ($BTS) - CORE CLIENT UPDATE
November 27, 2017 12:00 AM - 11:59 PM
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BITBAY ($BAY) - WEB WALLET RELEASE
November 27, 2017 12:00 AM - 11:59 PM
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Centra ($CTR) Consensus Invest Conference
November 27, 2017 12:00 AM - 11:59 PM
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VOISE ($VOISE) VOICE TO BE LISTED ON TOPBTC
November 28, 2017 12:00 AM - 11:59 PM
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NEO ($NEO) Onchain/NEO Project
November 27, 2017 1:30 PM - 5:00 PM
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Triggers (TRIG) - Space Summit Alexandria VA
November 28, 2017 12:00 AM - 12:00 AM
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Monetha ($MTH) Blockchain Summit London
November 28, 2017 12:00 AM - 11:59 PM
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Stratis ($STRAT) Blockchain Expo
November 28, 2017 12:00 AM - November 30, 2017 11:59 PM
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TRIGGERS ($TRIG) SPACE SUMMIT – ALEXANDRIA
November 28, 2017 12:00 AM - 11:59 PM
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SONM ($SNM) BLOCKCHAIN SUMMIT, LONDON
November 28, 2017 12:00 AM - 11:59 PM
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RAIDEN NETWORK TOKEN ($RDN) RAIDEN RELEASE
November 28, 2017 12:00 AM - 11:59 PM
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AVENTUS ($AVT) LISTING ON EXCHANGES
November 28, 2017 12:00 AM - 11:59 PM
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PHORE ($PHR) – CRYPTOPIA LISTING
November 28, 2017 12:00 AM - 11:59 PM
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I/O COIN ($IOC) BLOCKCHAIN UPGRADE
November 28, 2017 12:00 AM - 11:59 PM
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ICONOMI ($ICN) CONSENSUS: INVEST
November 28, 2017 12:00 AM - 11:59 PM
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SALT ($SALT) CONSENSUS INVEST EVENT
November 28, 2017 12:00 AM - 11:59 PM
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RIPPLE ($XRP) CONSENSUS: INVEST
November 28, 2017 12:00 AM - 11:59 PM
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TRIGGERS ($TRIG) EVENT BLOCKSAFE, PARTNERS
November 28, 2017 12:00 AM - November 30, 2017 11:59 PM
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BLACKMOON CRYPTO ($BMC) COIND-CONSENSUS INVEST-NY
November 28, 2017 12:00 AM - 11:59 PM
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SONM ($SNM) BLOCKCHAIN EXPO, ST CLARA
November 28, 2017 12:00 AM - 11:59 PM
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CENTRA ($CTR) BLOCKCHAIN EXPO, CA
November 28, 2017 12:00 AM - 11:59 PM
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WAVES ($WAVES) BLOCKSHOW ASIA, SINGAPORE
November 29, 2017 12:00 AM - 11:59 PM
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KOMODO ($KMD) BLOCKSHOW ASIA
November 29, 2017 12:00 AM - November 30, 2017 11:59 PM
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VECHAIN ($VEN) BLOCKSHOW IN SINGAPORE
November 29, 2017 12:00 AM - 11:59 PM
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DECENT ($DCT) CONFERENCE BLOCKSHOW ASIA
November 29, 2017 12:00 AM - November 30, 2017 11:59 PM
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BITCOIN ($BTC) ICO EVENT AMSTERDAM
November 29, 2017 12:00 AM - 11:59 PM
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November 29, 2017 12:00 AM - 11:59 PM
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COINRAIL TO LIST STEEM ($STEEM) KOMODO ($KMD) AND CARDANO ($ADA)
November 29, 2017 12:00 AM - 11:59 PM
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STELLAR LUMENS ($XLM) BLOCKSHOW ASIA 2017
November 29, 2017 12:00 AM - 11:59 PM
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KOMODO ($KMD) TO BE LISTED ON COINRAIL
November 29, 2017 12:00 AM - 11:59 PM
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WAVES ($WAVES) BLOCKCHAIN EXPO AMERICA
November 29, 2017 12:00 AM - November 30, 2017 11:59 PM
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CARDANO ($ADA) TO BE ADDED ON COINRAIL
November 29, 2017 12:00 AM - 11:59 PM
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STEEM ($STEEM) TO BE ADDED ON COINRAIL
November 29, 2017 12:00 AM - 11:59 PM
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ICO event Amsterdam
November 29, 2017 9:11 AM - 6:00 PM
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November 30, 2017 12:00 AM - December 01, 2017 11:59 PM
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Everus (EVR) - Crypto Visa / MC Debit Card
November 30, 2017 12:00 AM - 11:59 PM
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November 30, 2017 12:00 AM - 12:00 AM
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BITBAY ($BAY) - HARD FORK
November 30, 2017 12:00 AM - 11:59 PM
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BITBAY ($BAY) - STAKE REWARD INCREASE
November 30, 2017 12:00 AM - 11:59 PM
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TRIGGERS ($TRIG) - MASTER NODES ANNOUNCEMENT
November 30, 2017 12:00 AM - 11:59 PM
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RIPPLE ($XRP) TO BE ADDED TO GMO JAPANESE EXCHANGE
November 30, 2017 12:00 AM - 11:59 PM
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TRIGGERS ($TRIG) TESTING QTUM WALLET
November 30, 2017 12:00 AM - 11:59 PM
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DECISION TOKEN ($HST) LISTING ON CRYPTOPIA
November 30, 2017 12:00 AM - 11:59 PM
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DECENT ($DCT) DECENT RE-BRANDING
November 30, 2017 12:00 AM - 11:59 PM
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WETRUST ($TRST) BETA VERSION ANNOUNCEMENT
November 30, 2017 12:00 AM - 11:59 PM
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LISK ($LSK) AUDIT ON MAIN COMPONENTS
November 30, 2017 12:00 AM - 11:59 PM
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ZENCASH ($ZEN) SECURE NODES GO MAINNET
November 30, 2017 12:00 AM - 11:59 PM
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NEOSCOIN ($NEOS) WEBSITE LAUNCH
November 30, 2017 12:00 AM - 11:59 PM
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LINX ($LINX) NEW WALLET RELEASE
November 30, 2017 12:00 AM - 11:59 PM
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MODUM ($MOD) CEO ANNOUNCEMENT
November 30, 2017 12:00 AM - 11:59 PM
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SUMOKOIN ($SUMO) SUBADDRESSES
November 30, 2017 12:00 AM - 11:59 PM
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RUPEE ($RUP) WALLET RELEASE
November 30, 2017 12:00 AM - 11:59 PM
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HUSH ($HUSH) ADDED TO BITTREX
November 30, 2017 12:00 AM - 11:59 PM
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Exchange
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submitted by cryptocalbot to CryptoMarkets [link] [comments]

Let's discuss consensus algorithms, as that's the most important basis for a cryptocurrency

Let's all work on this one as if it's a Wiki. Correct me in the comments and I'll update the post and reference you as a thank you.
An interesting investment strategy (which I dislike) might be choosing one of the best cryptocurrency for each consensus algorithm, and investing in a ratio comparable to it's market capitalization.
The most important properties of a consensus algorithm would be:
There's also the percentage of attackers that it could resist, but I'll skip that part. Ripple is the worse by far when it comes to that, PoW, PoS and dPoS are the best)
First off, I think that we should only care about consensus algorithms that are suited for a public cryptocurrency. I see no reason as to why we should care about permissioned cryptocurrencies (where you need approval to mine/stake). But since I might be wrong - and please illuminate me if I am - I'll write about those as well here.
So...
Consensus algorithms for permissionless cryptocurrencies
  • PoW (proof of work): Bitcoin, Ethereum, ...
    [D] high [R] average [C] no
    huge disadvantage in that it consumes too much electricity therefore I don't see more than 1-2 cryptocurrencies surviving with this
    special flavors:
    • useful PoW (where the work actually does something useful for the world): Curecoin, Primecoin, Gridcoin
 
  • PoS (proof of stake): Waves, NXT, ...
    [D] high [R] low [C] no
    special flavors:
    • PoI (proof of importance, how active you are matters as well, not just the size of the stake, not worth discussing much as it can easily be gamed): NEM
    • Casper with sharding (both sharding and casper are under active development): none yet, [C] yes
 
  • DAG (directed acyclic graph): Byteball (directed through - currently centralized - witnesses, but this will easily be changed when the distribution is over), IOTA (directed through a - currently centralized - coordinator, should be directed only through PoW in the future, if it is indeed possible)
    [D] high [R] too early to tell [C] yes
    big advantage in that you make the transaction directly, there's no intermediary in the memory pool
 
  • dPoS (delegated proof of stake): Lisk, Bitshares, ...
    [D] average [R] low [C] no
    in my humble opinion this is the best, even though God (aka Vitalik Buterin) disagrees. I don't have in my portfolio any cryptocurrency that uses it though
Consensus algorithms for permissioned cryptocurrencies
  • PBFT (practical byzantine fault tolerance): Hyperledger Fabric
    [D] low [R] low [C] no
    all the nodes have to know all the nodes for this to work, the block confirmation process is done in three steps that require a lot of communication
    special flavors:
    • dBFT (delegated blabla): Neo (not completed, might allow concurrency in the end)
    • SCP (Stellar Consensus Protocol): Stellar, BOScoin
 
 
  • Ripple: Ripple
    [D] low [R] average [C] no
    for Ripple itself, the cryptocurrency, [D] is extremely low, but forking their code might solve that (basically creating another cryptocurrency with the Ripple consensus mechanism)
I need help categorizing these
  • ???: Maidsafe
    [D] ??? [R] ??? [C] yes
Note that there are also leeches, colored coins or metacoins, that use the consensus algorithms of other cryptocurrencies in order to function. For example Factom.
submitted by Nabukadnezar to ethtrader [link] [comments]

Pool mining Siacoin with Gridcoin and BOINC. Interest?

I had an exchange with Scalextrix in a different thread about GridCoin. A question that came up was whether it would be possible to crowd source the mining of Siacoin using BOINC. It turns out there is already a BOINC project that mines Bitcoins, called Bitcoin Utopia (http://www.bitcoinutopia.com/). The proceeds of Bitcoin Utopia are donated to various scientific endeavors. So, the idea, though odd, does not seem so weird after all (no, actually it does).
Here are some reasons to mine Siacoin using BOINC:
1 - You can't realistically expect to receive any Siacoins by solo mining with a single, average GPU.
2 - There is no Siacoin mining pool.
3 - The Siacoin miners have in the past turned on/off their rigs in concert with fluctuations in profit margins. I don't blame them, but it has resulted in what was intended to be 10 block intervals intermittently turning to 3 hour block intervals. Which isn't cool when you're transferring funds to backup your files. You really want your coins fast. Always. Pool mining Siacoin will bring some stability to the hash rate.
There would be no point in pursuing this without an interest from the community. So, here I solicit some feedback/opinion on the following:
If done, I propose that BOINC contributors would receive a share of mined Siacoins (like a regular pool). Additionally, if they contribute using GridCoin Research they would earn GridCoins via GridCoin's Proof of Research mechanism.
The financial incentive would therefore be strong for GridCoin users to mine Siacoin, as they would receive both coins. Since every GridCoin user would receive Siacoin, it would increase Siacoin's exposure. Since Sia users may want to earn some extra coins, if would increase exposure to GridCoin. So, win win.
The only hurdle I see is GridCoins whitelist limitation, which the BOINC project would have to pass. I am not sure if there are other limitations, such as the project having some useful scientific value. If so, donating the Siacoin proceeds to a scientific organization, as done by Bitcoin Utopia, would be the alternative.
submitted by 101freezer to siacoin [link] [comments]

Bitcoin mining + Science(Boinc) = GRIDCOIN Cryptocurrency Bitcoin Miner Pool Deutsch - Erklärungsvideo Bitcoin mining pool - BTC.com tutorial - YouTube tutorial: Bitcoin mining with CGMiner - YouTube How to Withdraw Pool Gridcoin Into Your Wallet

It is estimated that bitcoin is using approximately 23,312 megawatt hours per day of electric for block solving algorithms. The aim of the gridcoin project is to shift the computational power primarily to Boinc projects while the mining operations become a second priority – so as the network is scaled up, Boinc utilization is scaled up in tandem. Der Gridcoin hat in Deutschland bislang noch keine allzu große Aufmerksamkeit erlangt. Ähnlich wie die weitaus bekanntere Kryptowährung Bitcoin, hat aber auch der Gridcoin einiges zu bieten. Überweisungen von Benutzer zu Benutzer sind vollkommen ohne das Mitwirken einer dritten Partei möglich. Darüber hinaus wird die Rechenleistung der Miner dafür verwendet, BOINC zu unterstützen ... 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 ... 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 mining chips in the future. Gridcoin provides faster transaction confirmations (2.5 minutes on average) and uses memory intensive scrypt-based proof-of-work algorithms to verify transactions. Website ... How to setup own Mining Pool step by step. This is a step by step guide on how to setup your own mining pool for things like GeekCash, Bitcoin, Litecoin and other crypto-currencies..

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Bitcoin mining + Science(Boinc) = GRIDCOIN Cryptocurrency

Bitcoin mining + Science(Boinc) = GRIDCOIN Cryptocurrency Gridcoin. Loading... Unsubscribe from Gridcoin? ... Build a swimming pool for under $3000, not impossible - Duration: 7:26. Gerry Wilson ... How to Withdraw Pool Gridcoin Into Your Wallet - Duration: 7:54. Gridcoin 16,548 views. 7:54. Bitcoin mining + Science(Boinc) = GRIDCOIN Cryptocurrency - Duration: 2:13. Gridcoin 27,748 views. 2 ... In this video I show you how to start mining Bitcoins with CGMiner and an account at your favorite miningpool. Get CGMiner at: https://bitcointalk.org/index.... What is a mining pool and why is it best to mine Bitcoin and other cryptocurrencies on mining pools? Here is our review and explanation of mining pools, how ... This video demonstrates setting up the grcpool.com to work with the BOINC project manager to earn Gridcoin via pool research. Use your BOINC science research...

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