Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 76. (Read 73512 times)

Another overhyped coin that won't amount to anything significant

Is there a way to mine this on Windows? I only see linux miners on the first page? edit: installing linux, no big deal

Someone just upthread from your first post 3d00m mentioned he was testing a 4GB miner. I've also heard of https://www.grin-forum.org/t/miner-for-amd-nvidia-4g-6g-8g-10g-gpu-from-minerbabe/2184 working ok but please be careful about random stuff downloaded from the internets. run it on a separate machine etc...

Both. At least 6GB on the GPU and 6-8 GB of virtual memory per GPU.

Is this a definitive requirement? Will there be any chance for 4GB GPU's to also work in the near future?


Tried, didn't work unfortunately.....



RAM or for GPU's?

GRIN requires 5.5GB of memory.

increase swap file to 50GB, then restart windows, then try again.

The RX 580s with 4GB don't have enough memory for the Windows miner unfortunately

You need at least 8Gb of memory on the Windows miner and 6Gb on the Linux miner as far as I've seen

Hi guys, I tried to start mining and received an error . Has anybody else had this problem? How can i fix it?
I use a 6 GPU mining rig.
Sapphire RX 580 4Gb
4Gb Ram
Celeron dual-core.

10x

I haven't tried anything yet, but I'm eager to mine some grin on my 4gb cards! Please share if you get it to work.

I'm not qualified to make these type judgements but it would seem to me to make a perfect and correct choice on the percentages then you would have to in advance know that the end size of the userbase and security needed to sustain that during the design phase which is impossible. There fore using a best guess that is subject to change will allow you to better see that future as time goes on and make adjustments as that time approaches. This approach will also allow the time for others to weigh in on the design and allow for a growth of those working on the problem as the initial product is being created.


I specifically like this as listening to purists that spout the holy grail code has already been written gets old fast.

Gosh thank you so much, theymos, for taking the time and trouble to provide such a fulsome response. Not sure if monero and other altcoin cultists will be so thrilled. It's certainly a grand experiment.

I'm not a huge fan of the fixed subsidy, but it is deflationary long-term. Because the subsidy remains the same while the money supply grows (and may shrink due to lost coins), a graph of the inflation rate over time is steadily downward, and will eventually reach low levels. However, since their stated reason for doing this was to ensure that miners are properly incentivized, it would've made more sense to set the subsidy such that the monetary inflation rate is a constant 0.5% or something. As they've designed it, the inflation rate will start out way too high, and then if grin survives for a very long time, it'll eventually become too low to actually meet their goal of incentivizing miners.

Inflation will ensure a general downward price trend for at least the first year, I'd expect, and it becomes sort-of reasonable only after 4 years. Will grin survive that long? Not sure. If you think it will, then it might make sense to buy grin at very cheap prices in its first few years, and this thinking could perhaps stabilize the market somewhat.

Grin inflation rates

Year #	Yearly monetary inflation rate
1	36500%
2	100%
3	50%
4	33%
5	25%
6	20%
7	17%
8	14%
11	10%
21	5%
34	3%

It's possible that people will get just too fed up with the inflation in the first few years, and everyone will move to a clone, similar to the Bytecoin->Monero switch. Beam is too much of an obvious cheap money-grab to succeed IMO, though.

In addition to the money supply issue, grin is a worse store of value than Bitcoin because:
 - The dev culture is built upon a more flexible idea of system consensus. There are expected to be regular hardforks.
 - The crypto is experimental, and the currency is far newer.
 - Smart contracts are more limited, though at this time I'm not exactly sure how much more limited.

A BTC-backed grin clone could be a Bitcoin sidechain, but you won't see this anytime soon. First of all, there sadly hasn't been that much work on Bitcoin sidechains. Also, although you can do a semi-centralized sidechain without any consensus work or widespread costs, a full-security sidechain involves a softfork which would require all Bitcoin full nodes to also be grin-sidechain full nodes, increasing full node costs. I'd guess that if it happens at all, it won't be for 3-5 years, after grin has proven itself. At that point grin could have a significant first-to-market advantage, and its inflation will be reaching reasonable levels.

Unlike the vast majority of other altcoins, grin was basically built in the same spirit as Bitcoin - the same ideology. I'm a "Bitcoin maximalist" because I believe in "the Bitcoin idea/ideology", not as part of some game theoretic strategy to make BTC's price go up. If Bitcoin is out-competed in all respects (which grin is very far from doing, and other altcoins aren't even in contention for), then it'd be good for Bitcoin to be replaced by that competitor.

IMO in 10 years:
 - 30% chance grin is defunct, but roughly the same basic features are provided by other BTC-based off-chain systems such as LN.
 - 25% chance grin is defunct, but basically the same thing exists as a widely-used Bitcoin sidechain.
 - 15% chance BTC is the main store of value in crypto, while grin or a very similar altcoin is used for most daily payments.
 - 1% chance grin advances significantly, and combined with its first-to-market advantage vis-á-vis its innovations, it out-competes BTC entirely.
 - 14% chance some other altcoin out-competes BTC entirely. It won't be one of the existing ones, except perhaps grin as mentioned above.
 - 15% chance global authoritarianism makes it very difficult to use cryptocurrencies at all, and the whole sector is reduced to a tiny niche.

GRIN/USDT is now trading on LBank

LBank has enable Grin deposit feature at 2019.1.16 23:00. Grin/USDT trading pair is now living on LBank @ https://www.lbkex.com/exchange.html?asset=grin&post=usdt. You can start placing buy orders now. More information we'll keep you updated.

LBank (www.lbank.info), Ledger Bank, began to develop in December 2015 and it is the world's leading digital asset exchange, providing global users with safe, professional and convenient digital asset exchange services, investment services and financial services. As the Top10 digital asset exchange in the world, we have over 3 million of registered users and average daily trading volume reached 180 million US dollars.

LBank conducts strict audits from compliance on the token listing service. According to different public chain system, we have five trading zones,and each trading zone has a variety of digital asset. Further more，LBank has opened the C2C service zone which provide stable coin LBCN ,the users can get LBCN from dealer and then exchange with other digital assets on LBank platform .

With the dedication to providing the best practice for trading experience. The team has always been committed to building the top digital asset trading service platform to safeguard asset security and provide professional trading experience for global users.

Website : www.lbank.info
Telegram : https://t.me/LBankinfo
Facebook : https://www.facebook.com/LBank.info/
Twitter : https://twitter.com/LBank_Exchange?s=05

Let me understand well .... do you prefer to wait for an exchange that does not reach $ 1000000 in volume as TradeOgre, almost unknown, compared to an exchange like BIBOX that is permanently among the top 10, very often in the first 5?
Bibox exchange for Grincoin, on the first day of mainnet, is the best solution we could hope for.

However still a few hours, and around 22, we will finally have the deposits open in all exchanges, after the 1440 blocks required, and there we will find out later the human folly ... we will find out at what price will be purchased the first Grin.

imho Do not hurry, wait a few weeks, better 2-3 months, until the price stabilizes and the market finds its right balance.

So I have been trying

cuckatoo_lean_cuda_31 < 0.55/grps
cuckatoo_mean_cuda_gtx_31 < 2.8/grps (I dont know if this is per card or general; console looks so crowded)(SMOS)
cuckaroo_cuda_29 (default with Bminer) < 35/grps

But I don't know what am I doing, what am I looking for, these numbers don't make sense, anyone knows?

What's the difference between the 2 algos? and anyone has reference(baseline) numbers, what is expected (like what is 1 1080ti suppose to make) or grin29 or grin31 (if you got 1080ti`s)
If someone drops some knowledge here and there, it will be awesome,
 
Thanks

We are monitoring Grin trading closely https://www.coingecko.com/en/coins/grin
Price index will be calculated as soon as trades are executed on exchanges, and market cap will be reflected

New Exchanges or without much adoption added GRIN, I'll be waiting for something more known. Does anyone know when TradeOgree will add GRIN?

haha sorry xD wanted to support the project in the best way i can

A thread mostly on the prospects of prices for Grin https://twitter.com/ByteSizeCapital/status/1085155010495709184
starts off a bit grim and I haven't much examined the price stuff, but then https://twitter.com/ByteSizeCapital/status/1085197432583991296
This $GRIN analysis doesn't account for the occurrence of positive black swans in the short to medium term. Given the overwhelming level of institutional interest, especially in SV [Silicon Valley? not that other thing], there is a non-zero chance of an accelerated bootstrapping phase.
This means accelerated: 1) Liquidity -> @coinbase comes to mind (backing http://coinmine.com ) & the newly announced http://galleon.exchange  (backed by @arrington) 2) Development -> activist investors like @Layer1Official expanding $GRIN's infrastructure.

galleon.exchange gets a further mention here
so I'll be looking at that as a place to buy/sell until the big boy exchanges catch up.

A fair few threads on twitter critiquing bitcoin OGs/'maximalists' for getting involved in Grin in amongst a useful one of which:

https://twitter.com/TheCryptoDog/status/1085357370627317760

The Wall Observers examining more the financial side: https://bitcointalksearch.org/topic/m.49252997

Finally would love to know the answer to my question and how accurate is cAPSLOCK?