I will buy some coins when
it is on an exchange!
Topic: ║ANN║GRID║GridBit║ Decentralized Grid Storage ║Beta release soon║ X13 POW + POS! - page 20. (Read 29932 times)
August 16, 2014, 11:04:01 AM
August 16, 2014, 11:03:30 AM
It's only 5-6 days of minning. So probably rentals gonna rape your coin.
rentals would rape any coin that allow mining. This is why I'm always up for ICO instead of mining
As if ICO's don't rape a coin through people with BTC to burn.
August 16, 2014, 11:00:19 AM
I'm in guys, see you later and thanks for your PM's !
(Follow me in Twitter for URL etc)
(Follow me in Twitter for URL etc)
cool! Like your pools
August 16, 2014, 10:25:24 AM
It's only 5-6 days of minning. So probably rentals gonna rape your coin.
rentals would rape any coin that allow mining. This is why I'm always up for ICO instead of mining
Not always if you set POW on 2-3 months they won't rent for so long
they will rent for whatever time they want if its profitable
August 16, 2014, 10:18:58 AM
It's only 5-6 days of minning. So probably rentals gonna rape your coin.
rentals would rape any coin that allow mining. This is why I'm always up for ICO instead of mining
Not always if you set POW on 2-3 months they won't rent for so long
August 16, 2014, 10:16:27 AM
It's only 5-6 days of minning. So probably rentals gonna rape your coin.
rentals would rape any coin that allow mining. This is why I'm always up for ICO instead of mining
August 16, 2014, 09:34:21 AM
It's only 5-6 days of minning. So probably rentals gonna rape your coin.
August 16, 2014, 09:26:24 AM
A huge bag of nothing. Lame announcement. Copied idea. Already smells like scam...
I dunno if reasoning works with ppl like you (probably not) but i will still try simple logic. At first i will ask for a link of the source I copyed this from. When you will fail to provide, or when you will provide something slightly similar I will ask again - was this already implemented or it is just an idea? And when you will fail to provide any sensible answer I will ask third question - whats wrong with being inspired by other idea, if we can deliver better result? I mean seriously - this is childish FUD you posting out here.
August 16, 2014, 08:22:10 AM
Is there any IPO or presale?
August 16, 2014, 07:59:52 AM
sounds too good to be true, but let's see and give a chance
Thanks
August 16, 2014, 07:49:47 AM
sounds too good to be true, but let's see and give a chance
August 16, 2014, 07:14:09 AM
How is this different from what Storj, Maidsafe and Ethereum are doing?
It is different in that GridBit expects users to store their files in the cloud without any explanation how the security of their cloud is managed. Without any details about how the storage is done, like if the stores will have only chunks or if they will have whole files (encrypted, unencrypted) on their harddrives that they can maybe read themselves. No whitepaper, no video showing how it is done, no preparation. Your files will be stored between other users. Do you familiar how torrent p2p network works? It will be similar. Except number of "seeds" will be limited. Basically as soon as you share your hardware your wallet will start downloading information from other users (those who willing to buy cloud storage). Files will be encrypted with your private key and also split. Basically if your file size is 10 MB it will be separated between 20-30 other users, each of them will hold ~1mb. Ofc this will effectively use 20-30 mb of real HDD space, but this is required to guarantee your file safety. Your file will be inaccessible by any single user (only encrypted chunks will be stored at users workstations) - neither them will be able to track the owner.
Whitepaper will be released shortly - we do not really want to share all the details but general information will be available soon.
ok, this sounds a lot better to me. Really needed this information but still sceptic. I really want to be positive about your initiative, but with all the scamcoins around this time one cannot be too careful.
Sorry about that. I will gladly provide more details - its just too big to fit into single comment on forums. I`ll hang around and provide more details on the project if you want.
August 16, 2014, 06:53:10 AM
How is this different from what Storj, Maidsafe and Ethereum are doing?
It is different in that GridBit expects users to store their files in the cloud without any explanation how the security of their cloud is managed. Without any details about how the storage is done, like if the stores will have only chunks or if they will have whole files (encrypted, unencrypted) on their harddrives that they can maybe read themselves. No whitepaper, no video showing how it is done, no preparation. Your files will be stored between other users. Do you familiar how torrent p2p network works? It will be similar. Except number of "seeds" will be limited. Basically as soon as you share your hardware your wallet will start downloading information from other users (those who willing to buy cloud storage). Files will be encrypted with your private key and also split. Basically if your file size is 10 MB it will be separated between 20-30 other users, each of them will hold ~1mb. Ofc this will effectively use 20-30 mb of real HDD space, but this is required to guarantee your file safety. Your file will be inaccessible by any single user (only encrypted chunks will be stored at users workstations) - neither them will be able to track the owner.
Whitepaper will be released shortly - we do not really want to share all the details but general information will be available soon.
ok, this sounds a lot better to me. Really needed this information but still sceptic. I really want to be positive about your initiative, but with all the scamcoins around this time one cannot be too careful.
August 16, 2014, 06:43:57 AM
How is this different from what Storj, Maidsafe and Ethereum are doing?
It is different in that GridBit expects users to store their files in the cloud without any explanation how the security of their cloud is managed. Without any details about how the storage is done, like if the stores will have only chunks or if they will have whole files (encrypted, unencrypted) on their harddrives that they can maybe read themselves. No whitepaper, no video showing how it is done, no preparation. I think once the source code is out we have to watch very carefully for a hidden premine, because this could be GreedBit instead of GridBit.
Your files will be stored between other users. Do you familiar how torrent p2p network works? It will be similar. Except number of "seeds" will be limited. Basically as soon as you share your hardware your wallet will start downloading information from other users (those who willing to buy cloud storage). Files will be encrypted with your private key and also split. Basically if your file size is 10 MB it will be separated between 20-30 other users, each of them will hold ~1mb. Ofc this will effectively use 20-30 mb of real HDD space, but this is required to guarantee your file safety. Your file will be inaccessible by any single user (only encrypted chunks will be stored at users workstations) - neither them will be able to track the owner.
Whitepaper will be released shortly - we do not really want to share all the details but general information will be available soon.
August 16, 2014, 06:37:37 AM
Looks intresting , i will keep watching 
if stuff works out like your saying this coin is gonna be awesome.
if stuff works out like your saying this coin is gonna be awesome.
August 16, 2014, 06:13:48 AM
How is this different from what Storj, Maidsafe and Ethereum are doing?
It is different in that GridBit expects users to store their files in the cloud without any explanation how the security of their cloud is managed. Without any details about how the storage is done, like if the stores will have only chunks or if they will have whole files (encrypted, unencrypted) on their harddrives that they can maybe read themselves. No whitepaper, no video showing how it is done, no preparation. I think once the source code is out we have to watch very carefully for a hidden premine, because this could be GreedBit instead of GridBit.
August 16, 2014, 06:07:54 AM
added all the pools that sent me a PM today
Thank you for supporting GridBit!
August 16, 2014, 06:02:51 AM
i will rent some rigs 
August 16, 2014, 05:51:39 AM
DEV - Please add the pool (http://grid.best-pool.com/)
I send you a PM early today.
I send you a PM early today.
August 16, 2014, 05:50:08 AM
wow,if you said is true,you may kill storj
storj is just crap compared to this one!
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