Dang. I guess I became a bag holder too now. R.I.P my half of an iphone money. :p
Anyway I trust theymos's vision. See you in 2-3 years again.
Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 6. (Read 73784 times)
May 10, 2021, 09:17:40 AM
May 10, 2021, 03:04:29 AM
how much grin total supply?
Max supply is unknow like Ethereum. Grin coin informationYou can join Grin Observer topic. If you don't know, the admin of forum like this coin and accepts it as one of two payment methods for the forum Copper membership.
Coindesk has one article that explains Grin coin's monetary policy
Quote
Monetary Policy
The block reward is set to remain at 60 grin per block solved.
This causes grin to be inflationary at a decreasing rate. Grin will experience high levels of inflation in the early days as each block has a great impact on the circulating supply; as time goes on, this effect will decline.
Grin has a target block time of one block per minute, effectively resulting in 1 grin mined (created) every second. The community argues that sound money has more to do with a transparent emission schedule, than a capped supply. The system by design has no supply maximum limit.
The block reward is set to remain at 60 grin per block solved.
This causes grin to be inflationary at a decreasing rate. Grin will experience high levels of inflation in the early days as each block has a great impact on the circulating supply; as time goes on, this effect will decline.
Grin has a target block time of one block per minute, effectively resulting in 1 grin mined (created) every second. The community argues that sound money has more to do with a transparent emission schedule, than a capped supply. The system by design has no supply maximum limit.
May 09, 2021, 11:20:03 AM
how much grin total supply?
May 09, 2021, 04:13:54 AM
Hello grinners. Been playing around a bit with grin lately. Thought I would fire up my old BCT account and check out the thread here.
I never buy an altcoin early because of that early inflation. I watched grin for a while for a bottom. Finally just bought hoping I caught the bottom.
It's a really cool project. Criminally undervalued at rank #500+. I hope the wider crypto community recognizes. this.
But what ever, I'm willing to gamble a little on the hopes that they will.
I never buy an altcoin early because of that early inflation. I watched grin for a while for a bottom. Finally just bought hoping I caught the bottom.
It's a really cool project. Criminally undervalued at rank #500+. I hope the wider crypto community recognizes. this.
But what ever, I'm willing to gamble a little on the hopes that they will.Wtf. I haven't seen this post till now. And I just realized I almost typed the exact same thing yesterday :d I don't know if 1.3 bucks is the bottom it is probably not. I could have bought 2x to 5x more coins If I bought earlier but It won't matter much in the long term I suppose.
And this dude gave him almost the same answer:
It's a really cool project. Criminally undervalued at rank #500+.
Don't judge Grin by marketcap. It's only at about 2% of its soft total supply after all [1].
Better judge it by daily dollar emission, as seen on this PoW ranking [2], where it's in the top 25.
[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153
[2] https://www.f2pool.com/coins
I guess that low marketcap attracts many value inves... I mean gamblers.
May 09, 2021, 02:25:28 AM
Grin is very worth the buy in these very low price levels. The monetary policy alone will show that its distribution is the correct way to become a real digital currency for the internet. I have been telling everyone this, however, many do not want to understand. They will see in 4 years.
This is how it always happens. People didn't want doge when it was below a cent and most of them dumped theirs as soon as it hit 60 sats (me too) and now it is what? over a thousand sats? Now everybody wants it. People who waited patiently are now enjoying their winnings and dumping their stash on the newcomers.
Personally I didn't think doge would make a move like this but there are apparently some people out there has foreseen this.
Something similar can happen to this coin too.
May 09, 2021, 01:08:50 AM
Couldn't resist. Went mid-heavy on this today. I am again in my gambling mood after a very long break. This is one of the cheapest shitcoins after everything mooned lately. Its turn will come.
$64m marketcap, ranking #533 at CMC, backed by Theymos/BTT. Easy buy. Expected returns = x100
The biggest problem of GRIN is that it is only listed on Kucoin. (I don't consider the others legit exhanges) If this was on Binance it would have been a multi-billion marketcap coin already but you know, things may change quickly in this space. And it is a lot better to buy before it happens.
Now let's repeat:
"There are only 73 million GRINS out there. If every dollar millionaire wanted to have 10 grins, they couldn't have it."
$64m marketcap, ranking #533 at CMC, backed by Theymos/BTT. Easy buy. Expected returns = x100
The biggest problem of GRIN is that it is only listed on Kucoin. (I don't consider the others legit exhanges) If this was on Binance it would have been a multi-billion marketcap coin already but you know, things may change quickly in this space. And it is a lot better to buy before it happens.
Now let's repeat:
"There are only 73 million GRINS out there. If every dollar millionaire wanted to have 10 grins, they couldn't have it."
Grin is very worth the buy in these very low price levels. The monetary policy alone will show that its distribution is the correct way to become a real digital currency for the internet. I have been telling everyone this, however, many do not want to understand. They will see in 4 years.
May 08, 2021, 09:48:10 AM
it would have been a multi-billion marketcap coin already
It most likely wouldn't be, with only 2.4% of its soft total supply [1] emitted so far.
[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153
These stuff don't matter anymore. Have you checked the dogecoin chart? Unlimited supply don't mean shit when the other side have unlimited FIAT.
Dogecoins current supply - 129517138099 - is 41 times bigger than grins 100 years later market cap
Quote
Its pure linear emission of 1 Grin per second forever, will reach its soft supply of a century (100*365*24*60*60s) of Grin, only in 2119.
https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153...which is 3153600000 grins.
Getting only 1000 GRINS would guarantee you to be in the 1 million club for the next 30 years. Personally I expect the price action to happen much sooner. (unless the FED raises the interest rates and buries everything or people find out that Tether bucks don't really exist :d) Then I would only lose a few hundred bucks :p It is worth taking the risk. The upside potential is much bigger.
May 08, 2021, 09:45:00 AM
it would have been a multi-billion marketcap coin already
It most likely wouldn't be, with only 2.4% of its soft total supply [1] emitted so far.
[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153
May 08, 2021, 08:47:07 AM
Couldn't resist. Went mid-heavy on this today. I am again in my gambling mood after a very long break. This is one of the cheapest shitcoins after everything mooned lately. Its turn will come.
$64m marketcap, ranking #533 at CMC, backed by Theymos/BTT. Easy buy. Expected returns = x100
The biggest problem of GRIN is that it is only listed on Kucoin. (I don't consider the others legit exhanges) If this was on Binance it would have been a multi-billion marketcap coin already but you know, things may change quickly in this space. And it is a lot better to buy before it happens.
Now let's repeat:
"There are only 73 million GRINS out there. If every dollar millionaire wanted to have 10 grins, they couldn't have it."
$64m marketcap, ranking #533 at CMC, backed by Theymos/BTT. Easy buy. Expected returns = x100
The biggest problem of GRIN is that it is only listed on Kucoin. (I don't consider the others legit exhanges) If this was on Binance it would have been a multi-billion marketcap coin already but you know, things may change quickly in this space. And it is a lot better to buy before it happens.
Now let's repeat:
"There are only 73 million GRINS out there. If every dollar millionaire wanted to have 10 grins, they couldn't have it."
May 07, 2021, 10:58:00 PM
I reckon some research and development on Asic resistance must be given some support. I reckon we can learn from Monero’s RandomX deployment.
Tromp's Cuckoo Cycle Cuckatoo31+ is ASIC-friendly and was a design decision.
Yes I am aware of this. I was also a supporter of Aeon’s change to an Asic friendly mining algorithm and agreed for the arguments for it. However, witnessing bitcoin’s hashrate drop after the coal mine explosion in a province in China and the threats of government on miners, it appears to me that Asic resitance research is very much needed for the future of the cryptospace.
Do you speculate that RandomX will also have Asic miners?
May 04, 2021, 12:48:56 AM
I reckon some research and development on Asic resistance must be given some support. I reckon we can learn from Monero’s RandomX deployment.
Tromp's Cuckoo Cycle Cuckatoo31+ is ASIC-friendly and was a design decision.
May 03, 2021, 11:48:56 PM
ASIC resistance is a viable short term strategy, which Grin successfully deployed in its first two years,
while keeping the good properties of PoW: simplicity and cheap verification.
It is a questionable long term strategy, sacrificing those good properties,
while incentivizing the eventual more efficient ASICs to operate in secret.
while keeping the good properties of PoW: simplicity and cheap verification.
It is a questionable long term strategy, sacrificing those good properties,
while incentivizing the eventual more efficient ASICs to operate in secret.
I agree. However, after the coal mine the explosion that affected suppliers of electrcity on bitcoin miners and all the speculations that miners will be taxed high out of business, I am not too certain anymore.
Asics suppliers can also be removed of their business licenses or pressured by government. I reckon some research and development on Asic resistance must be given some support. I reckon we can learn from Monero’s RandomX deployment.
May 03, 2021, 06:03:48 PM
Want to do a deposit of GRIN Coins to Bittrex. Anyone able to help? I am not able creating the transaction file.
So far I used: https://github.com/mimblewimble/docs/wiki/How-to-use-the-Grin-wallet#via-file
Here the problems started:
What to use instead of?:
my_grin_transaction.tx 10.25
Any help is much appreciated!!!
So far I used: https://github.com/mimblewimble/docs/wiki/How-to-use-the-Grin-wallet#via-file
Here the problems started:
Code:
grin-wallet send -m file -d my_grin_transaction.tx 10.25
What to use instead of?:
my_grin_transaction.tx 10.25
Any help is much appreciated!!!
April 29, 2021, 04:02:21 PM
Perhaps some people here will find this table useful: https://gist.github.com/phyro/ec37d8bfedd36102b0ea5824580d06e4
I'd like to emphasize that this isn't saying any is better than the other. They all make tradeoffs.
I'd like to emphasize that this isn't saying any is better than the other. They all make tradeoffs.
April 24, 2021, 10:38:25 AM
ASIC resistance is a viable short term strategy, which Grin successfully deployed in its first two years,
while keeping the good properties of PoW: simplicity and cheap verification.
It is a questionable long term strategy, sacrificing those good properties,
while incentivizing the eventual more efficient ASICs to operate in secret.
while keeping the good properties of PoW: simplicity and cheap verification.
It is a questionable long term strategy, sacrificing those good properties,
while incentivizing the eventual more efficient ASICs to operate in secret.
April 24, 2021, 10:37:57 AM
I really liked the project from MW, they made such a unique privacy coin. I think GRID is also one of the best of them. Looking at the development of MW coins, such as GRID is the best.
April 24, 2021, 03:18:38 AM
@tromp. Is it late for Grin to change the roadmap to pursue Asic resistance? It appears that regulations and government policy might become a barrier for growth, decentralization and independence from influence. Where Grin is strong in its monetary policy, acceptance of Asics might become a weakness.
The three largest Chinese bitcoin (BTC, +3.56%) mining hubs are facing serious headwinds from regulators. This could put a big dent in hashrate production, which is the computing power to mine bitcoin. Hashrate from China contributes over 65% of the world’s total, according to some estimates.
Heavy scrutiny of coal mines in Xinjiang, new regulations on high energy-consuming companies in Inner Mongolia and the end of a local energy policy in Sichuan have unnerved some bitcoin miners in China. The regulatory challenges from these three regions are distinct, but they epitomize some of the biggest long-term policy risks when Chinese crypto miners deal with local authorities.
Source https://www.coindesk.com/chinese-crypto-miners-face-unstable-regulatory-environment
The three largest Chinese bitcoin (BTC, +3.56%) mining hubs are facing serious headwinds from regulators. This could put a big dent in hashrate production, which is the computing power to mine bitcoin. Hashrate from China contributes over 65% of the world’s total, according to some estimates.
Heavy scrutiny of coal mines in Xinjiang, new regulations on high energy-consuming companies in Inner Mongolia and the end of a local energy policy in Sichuan have unnerved some bitcoin miners in China. The regulatory challenges from these three regions are distinct, but they epitomize some of the biggest long-term policy risks when Chinese crypto miners deal with local authorities.
Source https://www.coindesk.com/chinese-crypto-miners-face-unstable-regulatory-environment
Grin has been planned to be asic mined since inception, there is no reason for that to change now that the asics have finally arrived.
April 24, 2021, 02:35:35 AM
@tromp. Is it late for Grin to change the roadmap to pursue Asic resistance? It appears that regulations and government policy might become a barrier for growth, decentralization and independence from influence. Where Grin is strong in its monetary policy, acceptance of Asics might become a weakness.
The three largest Chinese bitcoin (BTC, +3.56%) mining hubs are facing serious headwinds from regulators. This could put a big dent in hashrate production, which is the computing power to mine bitcoin. Hashrate from China contributes over 65% of the world’s total, according to some estimates.
Heavy scrutiny of coal mines in Xinjiang, new regulations on high energy-consuming companies in Inner Mongolia and the end of a local energy policy in Sichuan have unnerved some bitcoin miners in China. The regulatory challenges from these three regions are distinct, but they epitomize some of the biggest long-term policy risks when Chinese crypto miners deal with local authorities.
Source https://www.coindesk.com/chinese-crypto-miners-face-unstable-regulatory-environment
The three largest Chinese bitcoin (BTC, +3.56%) mining hubs are facing serious headwinds from regulators. This could put a big dent in hashrate production, which is the computing power to mine bitcoin. Hashrate from China contributes over 65% of the world’s total, according to some estimates.
Heavy scrutiny of coal mines in Xinjiang, new regulations on high energy-consuming companies in Inner Mongolia and the end of a local energy policy in Sichuan have unnerved some bitcoin miners in China. The regulatory challenges from these three regions are distinct, but they epitomize some of the biggest long-term policy risks when Chinese crypto miners deal with local authorities.
Source https://www.coindesk.com/chinese-crypto-miners-face-unstable-regulatory-environment
March 20, 2021, 05:13:39 AM
Grin arbitrary inflation exploit caught and fixed:
https://forum.grin.mw/t/resolved-do-not-use-grin-grin-wallet-grin-ironbelly-until-further-notice/8620/53
https://forum.grin.mw/t/resolved-do-not-use-grin-grin-wallet-grin-ironbelly-until-further-notice/8620/53
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