Author

Topic: [ANN][GRS] Groestlcoin | 1st to activate Segwit | Building Lightning Network - page 167. (Read 558212 times)

member
Activity: 176
Merit: 10
yep

not cool :/

furious miners Shocked
legendary
Activity: 1185
Merit: 1021
pos+pow is great idea.

but decreasing the rewards too much. now we have a lot of furious miners leaving for more profitable coins. and who can blame them.
newbie
Activity: 54
Merit: 0
So cheap Shocked
Tongue We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!


As a miner with *many* cards 280x (I'd reveal more than 50) and as much as many cards 5850 (I'd also reveal more than 50) - I am no troll. I measure the consumption of electricity and I daily monitor what is worth mining.

When dwarf's hash rate went down from 4 GHash to 3 - well, that was me.

I tried hard to find a value in GRS. But I am unable to. Currently some other coin is several times more profitable. You think the value of GRS will rise. So far - it did not.

When you said, the value of reward goes down to 25 GRS. Who on Earth will mine that? And the POW+POS. So in fact, someone is getting coins without any mining. Been smokin' somethin'?

Some coins would *KILL* for hash rate. Well, it seems that's not a priority for you.

Forget the bounty. You should give it - but you decided not to. You should not change the rules, when a bounty payout time comes.
[/quote]


Look Cheesy

[ANN][ATH] ATHEISTCOIN | DGW3 | GROESTL-based

https://bitcointalksearch.org/topic/annath-atheistcoin-dgw3-groestl-based-634474
hero member
Activity: 812
Merit: 1000
member
Activity: 93
Merit: 10
So cheap Shocked
Tongue We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!

[/quote]

As a miner with *many* cards 280x (I'd reveal more than 50) and as much as many cards 5850 (I'd also reveal more than 50) - I am no troll. I measure the consumption of electricity and I daily monitor what is worth mining.

When dwarf's hash rate went down from 4 GHash to 3 - well, that was me.

I tried hard to find a value in GRS. But I am unable to. Currently some other coin is several times more profitable. You think the value of GRS will rise. So far - it did not.

When you said, the value of reward goes down to 25 GRS. Who on Earth will mine that? And the POW+POS. So in fact, someone is getting coins without any mining. Been smokin' somethin'?

Some coins would *KILL* for hash rate. Well, it seems that's not a priority for you.

Forget the bounty. You should give it - but you decided not to. You should not change the rules, when a bounty payout time comes.
sr. member
Activity: 266
Merit: 250
So cheap Shocked
Tongue We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!


I know you are not happy, because I did not give you a 20,000 GRS reward for "optimizing AMD miner 50%".
But I cannot give it to you for writing a small guide how to upgrade driver on BAMT (the guide doesn't work btw, I tried 3 times).

I spent about 3 weeks trying to optimize the kernel. The best I can do is 18.88 MH/s on R9 290 and 9.40 on R9 270X. Even that is not enough to claim the bounty.
The bounty belongs to AMD for optimizing their compiler!

Hopefully, now, that you sold all your GRS, you will find some other coin to troll.

Thanks!

Quote
You guys are really interesting.
 
You are making a loose bounty statement – then someone does it – then you are changing rules.
 
At least I am concerned, our cooperation will stop here.
 
Bye.
 
=b
 
 
 
From: srcxxx [mailto:[email protected]]
Sent: Wednesday, June 04, 2014 12:02 AM
To: bbbbbb2014
Subject: RE: p2pool
 
Hi Boris!
 
No. The bounty belongs to AMD if they want to claim it.
 
Thanks
 
From: bbbbbb2014
Sent: Wednesday, June 04, 2014 6:08 AM
To: src xxx ([email protected])
Subject: RE: p2pool
Importance: High
 
I'd like to claim a bounty to speeding up hasing on AMD gpus, stated here:
Current bounties:
  20,000 GRS for 50% or more performance boost to AMD miner
 
The procedure for optimisation is noted here:
https://bitcointalk.org/index.php?topic=525926.new#new
 
A proof of result is here:
http://www.kapion.si/Mining-gro.jpg
 
My bounty address is:
Fiq41bahY15UvsYFX23t62QeNkR9cV3cdK
 
 
Thanks!
 
=b
newbie
Activity: 54
Merit: 0
https://i.imgur.com/9xY5jZp.png

Groestlcoin was created on 22 March 2014 and we’ve seen some interesting few months since then. A lot has also been achieved. We have:

  • Patched the HeartBleed vulnerability
  • Updated to Dark Gravity Wave 3
  • Updated the logo
  • Created the new website
  • Created a Reddit tip bot for our users. u/GroestlTip
  • Built a solid base in social communities like twitter, reddit, facebook
  • Created an official Groestlcoin forum, paper money generator, extra block explorer, and got listed on numerous exchanges
  • It is even possible to buy GRS directly with Euro (on 2 different websites).

Building on these important milestones, today we would like to share with you the Groestlcoin roadmap for 2014:

Our most important update: Groestlcoin is going POW + POS (70% POW and 30% POS) on block #150,000 (early July 2014). The community has been asking for it and we are implementing it.

Also, from block #150,000, the new block reward strategy will be used: 25 GRS initially and decreasing 1% each week up to the minimum reward of 5 GRS. The total volume of coins will not be changed and will remain 105,000,000.

It will give us 10 additional years (up to 2033) of mining using the Groestl algorithm and it’ll decrease the inflation levels.

From block #120,000 to block #150,000 the reward will be decreased 10% daily, reaching 25 GRS at block #150,000.

We will launch a Groestlcoin advertising campaign, featuring a bodypainted model in the first week of June. Sneak peak: http://goo.gl/KE2xfO

At block #200,000 (or earlier, if time permits) we will introduce GroestlSend, a way to send anonymous transactions.

Other news is that we will be launching a Groestl/MyriadGroestl multipool during this summer and payouts will be in GRS.

We will keep working on a JavaScript/WebGL Groestlcoin mining website and planning to open it by the end of 2014 (no exact date yet).

Android miner has just been released and it gives about 25-60 KH/s per core, on the latest smartphones/tablets. https://play.google.com/store/apps/details?id=com.miner.groestl and https://play.google.com/store/apps/details?id=com.miner

Another June premiere is a p2pool for Groestlcoin. This will help us better distribute hashes and secure the network.

We are also focusing on the actual usage of Groestlcoin in daily life. Payments with GRS, shops accepting GRS, etc. We just won the CoinPayments.net vote.

Groestlcoin will keep being a community coin and follow the latest trends in crypto currencies.

Thank You,

The GroestlCoin team


Could you comment on the details of your specific implementation of PoS? Will the wallet need to remain constantly on-line, for example? If not, how often will you need to mint to get full benefit? Could you leave your wallet off-line for a year and still mint the 30%? Will interest (minting) compound if you mint at more frequent intervals? Or would it be the same to only mint once every 5 years or so? What would be the optimized minting schedule for the average Joe?

TIA






The time has not arrived yet Grin
member
Activity: 82
Merit: 10
Can someone please tell the power consumption for R9 290 mining Groestl algo at stock settings? Thanks
sr. member
Activity: 392
Merit: 250
16.06 Mh/s with 14.6 beta driver on Asus 290x
Hi,what's your conf?
sr. member
Activity: 392
Merit: 250
hy guys !

yesterday I gave chance to the new 14.6 AMD drivers, and I was stunned with results.  almost 30 % more Mh/s. ( from 8 to 10 Mh/s on 2x r9 280x, and from 4 to 6 Mh/s on 7870 BE )
 (sgminer 4.1.0, and 13.12 was the previous drivers)

Wow! I confirm this. Thanks for sharing.

My R9 290 went from 9.6 mhs to 14.9 mhs (68 degrees celcius @ 40% fan). R9 270x is 7.4 mhs.
Hi,what's your conf for r9 290?
member
Activity: 93
Merit: 10
We need some announcements, for example confirmations that the current wallet does PoS, dates of the new projects like the GRS/DMD pool etc.
Yesterday the diamond community announced that the new wallet with PoS is almost ready and the price doubled.
I also see users moving from GRS to DMD in the pools, do you want to loose all the miners? :-)

Relax and take a deep breath.

Of course we moved to DMD.

What do you think, who's gonna pay electric bills?

legendary
Activity: 2716
Merit: 1094
Black Belt Developer
We need some announcements, for example confirmations that the current wallet does PoS, dates of the new projects like the GRS/DMD pool etc.
Yesterday the diamond community announced that the new wallet with PoS is almost ready and the price doubled.
I also see users moving from GRS to DMD in the pools, do you want to loose all the miners? :-)
sr. member
Activity: 252
Merit: 250
soon this will eat up all the GRS up
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity


Groestlcoin was created on 22 March 2014 and we’ve seen some interesting few months since then. A lot has also been achieved. We have:

  • Patched the HeartBleed vulnerability
  • Updated to Dark Gravity Wave 3
  • Updated the logo
  • Created the new website
  • Created a Reddit tip bot for our users. u/GroestlTip
  • Built a solid base in social communities like twitter, reddit, facebook
  • Created an official Groestlcoin forum, paper money generator, extra block explorer, and got listed on numerous exchanges
  • It is even possible to buy GRS directly with Euro (on 2 different websites).

Building on these important milestones, today we would like to share with you the Groestlcoin roadmap for 2014:

Our most important update: Groestlcoin is going POW + POS (70% POW and 30% POS) on block #150,000 (early July 2014). The community has been asking for it and we are implementing it.

Also, from block #150,000, the new block reward strategy will be used: 25 GRS initially and decreasing 1% each week up to the minimum reward of 5 GRS. The total volume of coins will not be changed and will remain 105,000,000.

It will give us 10 additional years (up to 2033) of mining using the Groestl algorithm and it’ll decrease the inflation levels.

From block #120,000 to block #150,000 the reward will be decreased 10% daily, reaching 25 GRS at block #150,000.

We will launch a Groestlcoin advertising campaign, featuring a bodypainted model in the first week of June. Sneak peak: http://goo.gl/KE2xfO

At block #200,000 (or earlier, if time permits) we will introduce GroestlSend, a way to send anonymous transactions.

Other news is that we will be launching a Groestl/MyriadGroestl multipool during this summer and payouts will be in GRS.

We will keep working on a JavaScript/WebGL Groestlcoin mining website and planning to open it by the end of 2014 (no exact date yet).

Android miner has just been released and it gives about 25-60 KH/s per core, on the latest smartphones/tablets. https://play.google.com/store/apps/details?id=com.miner.groestl and https://play.google.com/store/apps/details?id=com.miner

Another June premiere is a p2pool for Groestlcoin. This will help us better distribute hashes and secure the network.

We are also focusing on the actual usage of Groestlcoin in daily life. Payments with GRS, shops accepting GRS, etc. We just won the CoinPayments.net vote.

Groestlcoin will keep being a community coin and follow the latest trends in crypto currencies.

Thank You,

The GroestlCoin team


Could you comment on the details of your specific implementation of PoS? Will the wallet need to remain constantly on-line, for example? If not, how often will you need to mint to get full benefit? Could you leave your wallet off-line for a year and still mint the 30%? Will interest (minting) compound if you mint at more frequent intervals? Or would it be the same to only mint once every 5 years or so? What would be the optimized minting schedule for the average Joe?

TIA



full member
Activity: 195
Merit: 100
Hi my friends. Sorry for my english.

I think that GRS is OK as is now, and will be better when all the thing in the Future will done.

I think that GRS could be the everyday money for everyone. If I could pay with my smartphone by my app, and at the same time mining some GRS
from a call to another it would be great.

Add GRS to every payment. I don't know well coinkite but I think it can be interesting.

Last a question.
There's a cold wallet somewhere?

Thanks
newbie
Activity: 45
Merit: 0
All we believe in Future Values of the coin
The value of GRS will increase by pure magic of technologies.

That is what I am saying. Grin
Groestlcoin need Somme New technologies to make it Special !! Groestlsend is good but it's Darkcoin idea,we need to stay closer from project like BTC than any other to survive .
good project need more developers,ideas & Innovation that what we need now.
-After decreasing the groestcoin to 25 GRS ,i think that will take more price value .(personally i don't need that Groestlcoin will be most profitable coin at this Stage) just to see Myriad-Groestl one miner with 5 GH/S Shocked.
the Image of the coin to be more Money/Currency than any other things is more important (just buy & sell Stuff)  .

I Belive in future of GroestlCoin as new fair Coin Technologically Most Advances Groestl Algo integration.
full member
Activity: 196
Merit: 100
member
Activity: 93
Merit: 10

The value of GRS will not increase by pure magic.

That is what I am saying.

Other elements are important, too. Like that mining should be profitable, to some extent at least. By limiting the reward, the GRS is shooing away miners. Do you think miners will stay out of pure believing?

I think not.

And as the value is not supported and the reward is going down fast - this coin approaches his end.

member
Activity: 93
Merit: 10

Well so you're trying to point out that if grs would be instamined/premined we would have way bigger value now?

Instamining is usually connected to 'bad' reputation - in a sense that devs or 'known' early miners do a fast mine, grab something, then dump it as first occasion as possible. And perhaps go away or leave the coin.

But if BTCs are held to regulate the value, then instamining is not a bad thing.

I am trying to point out that someone has to hold up the value. DRK guys had means for something like that. More or less, they were motivated too, as they hold some amounts of DRK, too.

One can still support the value of GRS, by buying BTCs and then pumping them into GRS. Of course, you have to pick Euros or Dollars from your pocket. There comes instamining into play, providing a base reserve for later times. Well, the instamine time for GRS is over, so pick Euros from your pockets.


The value of GRS will not increase by pure magic.

That is what I am saying.
Jump to: