I am running Grin! The build was smooth except for installing the wrong version of rust. I did not listen and used apt get instead of rustup hehehe.
In any case, what exchange can we buy some grin but without KYC? I want to buy a small amount to begin using this complicated wallet hehe.
Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 71. (Read 73512 times)
January 19, 2019, 10:51:32 PM
January 19, 2019, 10:35:19 PM
You know Grin could easily be the king of in person transactions, imagine just tapping and the payment script gets transferred. Simple as that, no worries about double spend or any bullshit either. The file for transferring funds could really be nice.
Grin transactions are not immune to double-spends. Offline in-person Bitcoin transactions would have the same level of security.
January 19, 2019, 04:13:38 PM
January 19, 2019, 04:09:34 PM
I am already bored of mining this coin. Mostly because I learned that minimum pay out on f2pool is 5 grins. (mining on 1 card and it will take ages to get the coins out :/)
Goddamnit. Already wasted too much hash on f2pool to give up now. Will accrue the 5 required for a payout and probably quit mining this crap... or something...
Don't mine it with your only card Bob. Play games instead. It feels like shit using a slowed down PC.
January 19, 2019, 03:57:31 PM
I am already bored of mining this coin. Mostly because I learned that minimum pay out on f2pool is 5 grins. (mining on 1 card and it will take ages to get the coins out :/)
But I also realized, If the value is guaranteed to go down at least for the next 2 years because of the insane inflation rate, then why would I put any hash on this coin or buy it? Doesn't make much sense.
More people will think like me eventually and only the believers will be left to mine it. When they made their banks after a year or two, it may go up but it will still be a dangerous bet because only a handful of people will own huge number of coins and they may decide to dump at any time. The only good outcome (where the coin doesn't die and go up) may play out if the coin accomplishes a better scalability than bitcoin without sacrificing the security.
I'll invest $100 when the time is right. Not now.
But I also realized, If the value is guaranteed to go down at least for the next 2 years because of the insane inflation rate, then why would I put any hash on this coin or buy it? Doesn't make much sense.
More people will think like me eventually and only the believers will be left to mine it. When they made their banks after a year or two, it may go up but it will still be a dangerous bet because only a handful of people will own huge number of coins and they may decide to dump at any time. The only good outcome (where the coin doesn't die and go up) may play out if the coin accomplishes a better scalability than bitcoin without sacrificing the security.
I'll invest $100 when the time is right. Not now.
January 19, 2019, 12:51:58 PM
Conclusion: Grin is currently highly overvalued at $6.5
Question is not if price of Grin is over evaluated right now, but at what price and at what time will Grin found bottom. I believe most pessimistic date could be even 4 years form now and deep in 4 digits of satoshies.
I'm guessing more like 2 years and who know what BTC will be worth then so it is hard to judge what this will be worth in comparison.
January 19, 2019, 12:10:49 PM
primari is 31algo for hi-end gpu 11gb+ memory. secondary is hashrate 29algo 6-8gb gpu
for mature waiting some blocks ~1400 if im not wrong
for mature waiting some blocks ~1400 if im not wrong
January 19, 2019, 11:01:56 AM
Mining on grinmint.com...
What is the difference between Primary Hashrate and Secondary Hashrate?
And how much time must pass till Balance will become mature?
What is the difference between Primary Hashrate and Secondary Hashrate?
And how much time must pass till Balance will become mature?
January 19, 2019, 10:06:15 AM
I want to withdraw a small test amount from bitmesh. The exchange asks me for an address, as usual. I'm overstrained to create an address for my wallet. I'm using the grin software version 1.0.0 on ubuntu 18.04.1 LTO. I have created two accounts, "default" and "test". How to choose the account, and how to create an address? Any help please. Hope it is not for nerds only.
i emailed the payout from grinmint. then imported the text file to the ubuntu official wallet and sent the response file back. you also need a node running for the wallet to talk to.
January 19, 2019, 10:04:17 AM
Hello guys!
Its possible to mine this coin with 1070?
Sorry if this quastion was before:/
Its possible to mine this coin with 1070?
Sorry if this quastion was before:/
yes
January 19, 2019, 09:18:50 AM
An attempt at valuation:
Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price
Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.
Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.
Is Grin worth 7.2% of Bitcoin at this time? Definitely not. It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.
Conclusion: Grin is currently highly overvalued at $6.5
Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price
Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.
Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.
Is Grin worth 7.2% of Bitcoin at this time? Definitely not. It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.
Conclusion: Grin is currently highly overvalued at $6.5
Agreed...
But that's kinda the norm when an ultra hyped coin launches, no?. Market value is a joke.
We all know it will be a few cents in no time... then the usual pump dump thing.
Wasn't z-cash like 6 btc per coin momentarily when it launched or some such nonsense?
It's so much easier to find the true value by using hash... This is still waaaay too profitable to mine. The miners pressure will eventually bring this down to $1/1080ti/day, it always does. Either hash has to continue to rise or price needs to keep falling for equilibrium.
January 19, 2019, 09:10:41 AM
Conclusion: Grin is currently highly overvalued at $6.5
Question is not if price of Grin is over evaluated right now, but at what price and at what time will Grin found bottom. I believe most pessimistic date could be even 4 years form now and deep in 4 digits of satoshies.
January 19, 2019, 07:16:02 AM
I don't have mining experience and buying from exchange is only way to add some of this coin to my existed stock. There are multiple reasons to believe that current price makes the coin overvalued and better wait for hype to disappear before buying. Even current market isn't supportive to sustain all this. Wait and watch for right time to make entry in market.
January 19, 2019, 04:09:20 AM
Hello all beloved Ledgendaries here,
I read the OP, that present Linux mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
Tutorial: mining Grin on Windows 10 with NVIDIA GPUsI read the OP, that present Linux mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
https://www.coingecko.com/buzz/how-to-mine-grin
January 19, 2019, 04:04:48 AM
If you're looking to mine some Grin but don't want the hassle and expanses of maintaining a rig, might as well rent some hashpower over at MiningRigRentals.com
There are plenty of rigs for rent now, and prices have dropped since most of the hype is gone now.
There are plenty of rigs for rent now, and prices have dropped since most of the hype is gone now.
January 19, 2019, 03:04:30 AM
January 19, 2019, 02:10:30 AM
An attempt at valuation:
Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price
Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.
Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.
Is Grin worth 7.2% of Bitcoin at this time? Definitely not. It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.
Conclusion: Grin is currently highly overvalued at $6.5
Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price
Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.
Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.
Is Grin worth 7.2% of Bitcoin at this time? Definitely not. It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.
Conclusion: Grin is currently highly overvalued at $6.5
Indeed it's overvalued. Sweat at the joker who made one of the first purchases at $261
Wash trade.
January 18, 2019, 11:27:23 PM
firstly I wanna say something good as the first altcoin GRIN selected support this forum like payment of said information from (theymos and cobrabitcoin)
OK, anyone know the remote-node for GRIN coin??
OK, anyone know the remote-node for GRIN coin??
January 18, 2019, 11:15:46 PM
Hello all beloved Ledgendaries here,
I read the OP, that present Linux mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
I read the OP, that present Linux mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
You can mine with linux and windows. Go to the OP and join the discord has more information on mining. Price is not holding up maybe buy it at the exchange is a better option.
January 18, 2019, 11:10:21 PM
Hello all beloved Ledgendaries here,
I read the OP, that present Linux mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
I read the OP, that present Linux mining link, so I don't know that I can mine the Grin coin with AMD or NVIDIA graphic cards on Windows system or not?
Thank you.
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