[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 72.

coingecko

member

Activity: 247

Merit: 40

Quote from: HairyMaclairy on January 18, 2019, 07:24:26 PM

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

Indeed it's overvalued. Sweat at the joker who made one of the first purchases at $261

sirazimuth

legendary

Activity: 3346

Merit: 3484

born once atheist

Quote from: HairyMaclairy on January 18, 2019, 07:24:26 PM

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

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?

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

Quote from: HairyMaclairy on January 18, 2019, 07:24:26 PM

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

60 coins/block Embarrassed

otherwise yes it's early days for price discovery on the markets. note that it is much cheaper than that to mine

HairyMaclairy

legendary

Activity: 1414

Merit: 2174

Degenerate bull hatter & Bitcoin monotheist

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

Foxy4321

newbie

Activity: 62

Merit: 0

scam sha 512 , ASIC hamsters breeding project Grin

lerich

newbie

Activity: 10

Merit: 0

Relax guys, the amount in question is minuscule, not even worth the domain name. It is not a 'business' but a hobby for me. Anyway I was able to yank it out to my local node/wallet, for it you need an external IP address, compiled wallet and a port forwarding rule on the router.

ronnieb

jr. member

Activity: 198

Merit: 1

Quote from: lerich on January 18, 2019, 02:35:14 PM

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?

if its a very random email and domain, register that domain name and email forward to an actual email you own.

boxalex

member

Activity: 420

Merit: 13

Quote from: lerich on January 18, 2019, 02:35:14 PM

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?

what's the deal here? To layz to create a google (or whatever) one?
Serously, seldom readed something more stupid than using a fake email for it's own legal business, amazing.... Roll Eyes

sirazimuth

legendary

Activity: 3346

Merit: 3484

born once atheist

Quote from: VB1001 on January 18, 2019, 01:54:07 PM

Miner online.
Windows 10
GrinGoldMiner
F2pool
4x1070GTX 8GB

same here ...except 2x 1070

Quote from: VB1001 on January 18, 2019, 01:54:07 PM

I have to set up the payment with a exchange?

Apparently for now...
I just set up the payment thingie with Bitforex. Set up an account there, then you bind your UID.
No addresses. No clue how many coins I have credited so far. This is weird.
Time will tell if I did it right I guess.... I guess I did it right. My mining page updated.
Looks like it might be a little better than the Nicehash dust
my miners accumulated right before I turned them them off.... ahhh....who cares, right? I'm a hobby miner...lol

Quote from: lerich on January 18, 2019, 02:35:14 PM

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?

what??! you used a fake (nonexistent) email??? For crypto business?!
Good lord! This is highly irregular....

lerich

newbie

Activity: 10

Merit: 0

guys I've used a fake (nonexistent) email, how can I retrieve my coins from grinmint? I don't get how can you use a grinbox relay, I set grinbox.io:443 in settings but the transaction was refused, and how would it know to where it should send the file?

VB1001

legendary

Activity: 938

Merit: 2540

<>

^
For the moment in the pool.

Thx.

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

Quote from: VB1001 on January 18, 2019, 01:54:07 PM

Miner online.

Windows 10
GrinGoldMiner
F2pool
4x1070GTX 8GB

Node and Wallet for windows?

I have to set up the payment with a exchange?

Nice job.
No node or wallet for windows yet. Won't be long. (guessing maybe 2 weeks ^TM ?)
Either send direct to an exchange, which is risky.
Or wait for the windows softs and keep your grins on the pool till they integrate it, which is risky.

VB1001

legendary

Activity: 938

Merit: 2540

<>

Miner online.

Windows 10
GrinGoldMiner
F2pool
4x1070GTX 8GB

Node and Wallet for windows?

I have to set up the payment with a exchange?

theymos

administrator

Activity: 5166

Merit: 12850

Quote from: nutildah on January 18, 2019, 11:30:11 AM

So, does a recipient necessarily need prior knowledge that they are about to receive some coins

Yes. Grin transactions always work in a multi-step process like this:

Quote from: theymos on January 15, 2019, 03:32:06 AM

1. The sender runs grin wallet send -m file -d FILE.txt GRIN_AMOUNT, which creates the file FILE.txt.
2. The sender gives FILE.txt to the recipient.
3. The recipient runs grin wallet receive -i FILE.txt, which creates another file FILE.txt.response.
4. The recipient gives FILE.txt.response to the sender.
5. The sender runs grin wallet finalize -i FILE.txt.response, and the transaction is done.

There are also methods involving IP addresses, keybase.io, and a "grinbox address" service, but behind-the-scenes these methods do the same steps as above, where the sender and recipient need to cooperate in order to form the final transaction

nutildah

legendary

Activity: 2982

Merit: 7986

Quote from: kalymist on January 18, 2019, 03:03:30 AM

Received grin from both sparkpool and f2pool.

It's long process, but end landing just fine on exchange.

For bitforex, no need to enter txid and amount of transfer, it's automatic.

Just so people know about it

I was just about to ask something related to this:

So, does a recipient necessarily need prior knowledge that they are about to receive some coins, or not? I'm guessing the receipt and processing of the sender's information can be automated so that people can receive payments offline. But if somebody is not expecting a payment, and has not set up such automation, does the transaction still get added to the Grin blockchain, and the payment sent to the recipient?

Thanks.

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

grinmint and grin-pool down Huh

restart yer nodes please pool ops?

edit: grin-pool is back. not the other fellas

i'd also like to whine about the failover part of gringoldminer 2.7, which doesn't stay on the secondary pool nearly long enough before re-polling the first

fmfl-pool

newbie

Activity: 3

Merit: 0

Quote from: kostepanych2 on January 18, 2019, 10:34:01 AM

On f2pool minimum payout is 5 grin?
What pool do your suggest with adequate minimum payout?
grinmint is ok?

yes grinmint works good and payout works fine Wink

kostepanych2

full member

Activity: 1274

Merit: 105

On f2pool minimum payout is 5 grin?
What pool do your suggest with adequate minimum payout?
grinmint is ok?

ExuraIco

newbie

Activity: 6

Merit: 0

Quote from: kekeck on January 18, 2019, 09:08:51 AM

My rig 6x Radeon 570 8Gb on W10, pool grinmint work fine (hashrate app. 9).
I have another rig 8x Nvidia 1060 6GB and W10. I dont find any miner ?

For 6GB cards you need to use the Linux miner, for now

kekeck

newbie

Activity: 7

Merit: 0

My rig 6x Radeon 570 8Gb on W10, pool grinmint work fine (hashrate app. 9).
I have another rig 8x Nvidia 1060 6GB and W10. I dont find any miner ?

Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 72. (Read 73512 times)