[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 70.

theymos

administrator

Activity: 5222

Merit: 13032

What are your thoughts on solo GPU mining at present ?

Worth it ? Or stick with pools other than f2pool ?

I'm not that interested in mining generally -- haven't mined anything in years --, so I can't really give advice. Solo mining will give you at least as much average income, but with more variance.

IMO the current price is roughly fair on a fundamental level, but I also wouldn't be surprised it it falls a lot more.

theymos

administrator

Activity: 5222

Merit: 13032

Quote from: Last of the V8s on January 20, 2019, 04:54:46 PM

How many transactions per second could the Grin network do right now? What plans are there to increase that if needed?

~1.5 MB max block size, with a block per minute. Transactions are much larger than Bitcoin, though. So about 14 tps right now.

Bitcoin's scaling is limited to a large degree by the need for historical blocks to be widely available. Grin on the other hand can mostly forget its history, so its full nodes only need to store/process live transactions, and grin can safely increase its max block size linearly with worldwide Internet speeds and/or CPU speeds.

Many altcoins just increase their max block size and hope for the best, but if any of these altcoins were actually widely used, this would cause severe centralization at best or total system failures at worst. It's like putting a bigger "max capacity" sign on an airplane. Some altcoins have ways of cutting out old history, but although there are theoretically some not-too-bad ways of doing this, usually altcoins do it in really centralized/stupid ways (eg. checkpoints, or ETH "full nodes" just not bothering to verify anything by default), and even in the best case it results in a loss of functionality and security. grin is the first coin with a reasonable, decentralized, and secure way of dropping historical data.

earlygrinminer

newbie

Activity: 6

Merit: 0

Quote from: 100bitcoin on January 20, 2019, 02:42:42 PM

Have anyone tried to mine Grin on Google Cloud?

I don't know about Google but I have used this guide https://github.com/ideashavenoborders/grin-cloud-mining/blob/master/README.md to CPU mine. It's expensive but I like the fact that I can mine some GRIN on CPUs still. Even though the reward is low. I think Grin will be at the ranks where Litecoin has lingered for a couple years. Short term I believe it's best to buy it once it's traded below $1. In the long term I see it at $10+. I believe that Grin will boom even more than dogecoin. It's private ecash. I'ma use some and save some as they roll in

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: lightcar on January 20, 2019, 05:17:12 PM

don't get fooled into buying this shitcoin guys, members are trying to hype up this junk with its massive inflation rate. Price will do nothing but drop.

You don't buy POW coins in their first few weeks of launch. You mine them...

lightcar

jr. member

Activity: 111

Merit: 2

don't get fooled into buying this shitcoin guys, members are trying to hype up this junk with its massive inflation rate. Price will do nothing but drop.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

How many transactions per second could the Grin network do right now? What plans are there to increase that if needed?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: LFC_Bitcoin on January 20, 2019, 09:45:56 AM

Hands up who is going with this just because theymos has backed it himself?
....

It's not like you guys were not warned.

Quote from: theymos on January 03, 2019, 08:26:17 PM

Quote from: chsados on January 03, 2019, 03:25:47 PM

What is the economic model? I read a while back that there was something funky about it and not that appealing.

1 grin is created per second on average, forever. Similar to XMR. Not ideal IMO, but it does tend to be deflationary long-term.

Quote from: Hueristic on January 17, 2019, 03:44:50 PM

Quote from: mindrust on January 17, 2019, 02:01:10 PM

What's the general consensus on Grin? Are we buying it or Is theymos trolling us again with another shitcoin? (remember howey) No address, no coins, sounds weird af. I don't know what to think about it.

Not a shitcoin but it is not an investment vehicle.

Quote from: Hueristic on January 14, 2019, 10:58:45 AM

Quote from: NrX on January 13, 2019, 05:17:21 AM

Don't you think infinite supply will play role of pressure element on he price of coin ? There is lot of hype before the launch of this coin what is scheduled in two days now. I hope they will be much more careful with security and safety as first impression will be the last. We saw what happens with Beam with vulnerability. These are the two coins succeeded to get attention of everyone in very short time.

Beam is a money grab, tail emission is a design decision of a solid currency.
It doesn't matter if the pump and dumper can't make cake, its not designed for that so if the tail emission scares you then don't use this coin.

@Theymos finds the tech interesting and does not do pump and dumps.

I find the goals laudable and the tech interesting if not immature atm, the tech will be amazing if matured due to the scaling if nothing else.

lerich

newbie

Activity: 10

Merit: 0

Quote from: bones261 on January 20, 2019, 09:27:58 AM

I really despise coins that launch with only a cli client. It is so 90s. Also, not having an official Windows version is not forgivable. Correct me if I am wrong, didn't Satoshi launch BTC with both a GUI and Windows compatible?
   I have found the miner that is compatible with Windows and have mined it a little, starting yesterday. However, the cooling on my desktop is shitty, especially for the CPU. I don't like to see my CPU temps running in the 70s with spikes in the 90s. So I have only been running it for about an hour here and there.
   I haven't bothered setting up a node yet. I haven't used the VM in over a year and don't think it is worth it to run a node via Vultr.
   (As an aside, I am running Grin Gold Miner, and I think it's funny that it stores my password in plain text. Cheesy

But so does BTC RPC. Oh well.)

offtopic: I switched to Linux (single boot) in 2015 when windows 10 came out and it became obvious that nothing has changed for the better, after that I never looked back. To me today it's incomprehensible why people are using this junk adware/bloatware/spyware combination, that installs and deletes things on YOUR computer without your knowledge. But I'm not a hater, so I forgive such people, after all they may need it to make money in proprietary software or something.. I wish I persisted with the switch back in the day, then I would most certainly knew about bitcoin in 2009-2010 because of its proximity to hacker/coding culture, and maybe I would have made some profits on these skills.

100bitcoin

sr. member

Activity: 861

Merit: 423

Have anyone tried to mine Grin on Google Cloud?

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: LFC_Bitcoin on January 20, 2019, 09:45:56 AM

Hands up who is going with this just because theymos has backed it himself?
....

His enthusiasm has been a rare delight, and I went into it ~~just~~ precisely because of that. It was an important moment, relieving the boredom of waiting for the moon or the lightning network or whatever. I'd never studied the design and launch of an altcoin before, and picked up at least a couple of things.

CallMeTomas

newbie

Activity: 27

Merit: 0

Quote from: knowmaster on December 28, 2018, 06:17:07 AM

https://i.imgur.com/BHldBP0.png

Hey, I'm really confused over the wallet, I don't own anything apple and I'm clueless regarding Linux. So far I've been mining on F2pool and storing my earnings there, but it's a temporary solution. How long before a windows (and please GUI) wallet is released?

mlord10

newbie

Activity: 45

Merit: 0

Quote from: bones261 on January 20, 2019, 09:27:58 AM

I really despise coins that launch with only a cli client. It is so 90s. Also, not having an official Windows version is not forgivable. Correct me if I am wrong, didn't Satoshi launch BTC with both a GUI and Windows compatible?
I have found the miner that is compatible with Windows and have mined it a little, starting yesterday. However, the cooling on my desktop is shitty, especially for the CPU. I don't like to see my CPU temps running in the 70s with spikes in the 90s. So I have only been running it for about an hour here and there.
I haven't bothered setting up a node yet. I haven't used the VM in over a year and don't think it is worth it to run a node via Vultr.
(As an aside, I am running Grin Gold Miner, and I think it's funny that it stores my password in plain text. Cheesy

But so does BTC RPC. Oh well.)

The password is just to create the account if you're mining on grinmint, you can take the password out of the config file and continue mining

bobymoore

newbie

Activity: 61

Merit: 0

Hi, can I mine to win 10 with vega 64,how much $? per day? Is there a wallet or I have to mine to exchange?

_javier_

member

Activity: 444

Merit: 31

Still a manic miner

For a moment i thought this was BTC WO thread Wink

so many known hats.. err.... names.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: LFC_Bitcoin on January 20, 2019, 09:58:19 AM

I was tempted, very tempted to look into mining it tbh. Think I’ll wait until it becomes accessible on exchanges though. If it’s still cheap enough then (under $10 - $20) I can buy a couple of hundred or something & forget about them for a bit.

I just don’t want to be bothered with committing to mine it.

It currently is available in quite a few exchanges. https://www.coingecko.com/en/coins/grin/trading_exchanges#panel However, I am not familiar with any of the exchanges and don't fell like opening another exchange account. At the moment, the mining software seems to require you to have at least 7gb of virtual memory be set aside per card for the CPU. So it may be a real PITA for larger GPU rigs.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: bones261 on January 20, 2019, 09:55:17 AM

Quote from: LFC_Bitcoin on January 20, 2019, 09:45:56 AM

Hands up who is going with this just because theymos has backed it himself?

I'm in that boat. I wouldn't have bothered with this at all if it wasn't for theymos. However, I have been hearing about this on twitter for quite sometime.

I was tempted, very tempted to look into mining it tbh. Think I’ll wait until it becomes accessible on exchanges though. If it’s still cheap enough then (under $10 - $20) I can buy a couple of hundred or something & forget about them for a bit.

I just don’t want to be bothered with committing to mine it.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: LFC_Bitcoin on January 20, 2019, 09:45:56 AM

Hands up who is going with this just because theymos has backed it himself?

I'm in that boat. I wouldn't have bothered with this at all if it wasn't for theymos. However, I have been hearing about this on twitter for quite sometime.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Hands up who is going with this just because theymos has backed it himself?
I’m going to give it a miss myself for now, maybe I’m being stupid but I can always buy in at a later date if it’s making obvious positive steps.

Edit - I’m waiting for the ‘I downloaded a fake Grin wallet that contained malware & somebody stole all my bitcoin’ threads Sad

bones261

legendary

Activity: 1806

Merit: 1828

I really despise coins that launch with only a cli client. It is so 90s. Also, not having an official Windows version is not forgivable. Correct me if I am wrong, didn't Satoshi launch BTC with both a GUI and Windows compatible?
I have found the miner that is compatible with Windows and have mined it a little, starting yesterday. However, the cooling on my desktop is shitty, especially for the CPU. I don't like to see my CPU temps running in the 70s with spikes in the 90s. So I have only been running it for about an hour here and there.
I haven't bothered setting up a node yet. I haven't used the VM in over a year and don't think it is worth it to run a node via Vultr.
(As an aside, I am running Grin Gold Miner, and I think it's funny that it stores my password in plain text. Cheesy

But so does BTC RPC. Oh well.)

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: Silber on January 20, 2019, 08:22:53 AM

Quote from: mindrust on January 18, 2019, 02:36:26 AM

Quote from: coin8coin8 on January 18, 2019, 02:05:05 AM

I was very interested in Grin. Just yesterday theymos announced to accept Grin as a means of payment. Before that, only Bitcoin could enjoy this honor. Even Ethereum, Monro, etc. did not have such treatment.
So as a response to the BTT Forum, will Grin plan to have a BTT Forum Bounty Campaign?

Bounty campaign? Why don't you grab a couple of GPU's and mine it? The mainnet went online 3 days ago. You didn't miss anything. Also the inflation rate will be so big for the first year, you'll be able to buy cheap coins as much as you want during that period.

buying high inflation currency - like GRIN in the first year - is like burning your money

Agree. Bottom might be found in 4 years time if all goes as developers are planing. There is always risk that that could fail since all cryptocurencies are just an experiment.

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