Topic: [ANN][RSC] Research Support Coin (RSC) - mining with purpose - page 3. (Read 20522 times)

It took us a lot of time and effort to make it running and it will take a lot of time and effort to keep it running. So, for that.


I don't really see how distributing 5% of the currency via giveaways, if it's done over long time period, makes mining irrelevant. We will not keep anything of this for ourselves. We are currently working on a Stats page, where it will be listed in detail when, how and how many RSCs have been given away. We want to make it as transparent as possible. It is a note that all transactions on Ripple are publicly visible.


Well, if we would spend our reward for maintenance and support expenses, it would no longer be our reward. Or am I missing something here? Again, all expenses will be listed in detail on our Stats page, which will be online within a few days.


You can't buy any equipment using shitcoins as you call them. However, in the case they gain value (yes, we do realize this may never happen), you can convert them to fiat currency and buy any equipment you want. In such a case, our plan is to transfer this amount to given (in the latter case ours) university under agreement that it will be used to buy devices we specify. We will then display the acknowledgement of receipt on our website.

Seriously shitcoins are getting shittier.

10% (200,000,000) is reserved as a reward for us.

Oh you deserve a huge reward for what exactly? Then

5% (100,000,000) will be given away via various promotional giveaways, faucets, etc.

which would make mining this irrelevant and no doubt you will be keeping most of this for yourselves. Followed by another whopping

5% (100,000,000) will be used to cover costs related to the distribution (support, bug fixing, website maintenance, etc.) and any other expenses we might have with this project.

on top of your 10% 'reward'. Then you proceed to give yourselves more coins via

10% (200,000,000) will be used to support research projects of other scientific groups, mostly in the field of natural sciences. We reserve the right to decide which projects will be supported. Be sure that we know quite a few people who do a great job in their research and would do even better with some additional funding.

which will never happen. No, no, just don't stop there, another whopping

10% (200,000,000) will be used to support our own research projects. For example, we could use a new spectrophotometer, x-ray photoelectron spectroscopy, some other smaller devices and a lot of coffee for overnight measurements.

for yourselves. You can't buy medical equipment using this shitcoins so you will have to dump it on the village idiots on here who called themselves investors. Of course no equipment will ever be bought.

Can anyone add....10% + 5% + 5% + 10% + 10% = 40% premine.

5 days and only 8 posts - give it up.

Did somebody try this yet? I'm curious if it really works, 'cause it seems to be quite different from "normal" coins...  Thx

Doesn't look like something to switch to from mining other cryptos, but it might be a good way to make use of CPU while mining other coins on graphics card.

Note that OP doesn't disclose his identity.
Very unusual for a researcher.

Props for good thing. Hopefully you won't take your explaination for 60% of premine as advantage to camouflage your scam plans, that would be really rude.
Good luck.

Looks really interesting!! Thumbs up

We are pleased to announce the Research Support Coin (RSC).



Until now, there was basically no way to mine some cryptocurrency by using the computing power in a useful way. We have thus decided to create a new Ripple-based currency called "Research Support Coin", which will be used to reward people for donating their computing power to grid computing research projects. Unlike in standard Bitcoin-like mining, the computing power used to "mine" RSC is thus used to help scientists understand how proteins work, or find new treatments for cancer or HIV.

We are a group of researchers working in the field of natural sciences, mainly focusing on problems in applied physics. We have decided to create Research Support Coin to achieve following goals:
•   support grid computing research projects (such as those within the World Community Grid) by trying to transfer at least part of the huge computing power wasted to mine other cryptocurrencies to projects which are useful for humanity.
•   support our own research in applied physics by additional funding, which may (or may not) arise from this project
•   support research of other people about whom we know they’re doing a great job

A total of 2 billion (2,000,000,000) RSCs have been minted.
The RSCs will be distributed as follows:

60% (1,200,000,000) will be gradually given away to people donating their computing time to research projects within World Community Grid. In the future, we would like to include also other projects, such as Folding@Home, Rosetta@Home and others.
For every WCG point earned, each day we will give members of the Research Support Coin team 0.01 RSC multiplied by % of the RSCs still available for distribution.
Examples:
At the beginning of the giveaway, 100% of RSCs is available. On the first day, the payout rate will thus be
1 WCG point = 0.01 x 100% = 0.01 RSC.
After 50% (600,000,000) of the RSCs is given away, 50% is still available and the payout rate for the next day will be 1 WCG point = 0.01 x 50% = 0.005 RSC.
After 86% (1,032,000,000) of the RSCs is given away, 14% is still available and the payout rate for the next day will be 1 WCG point = 0.01 x 14% = 0.0014 RSC.

10% (200,000,000) will be used to support our own research projects. For example, we could use a new spectrophotometer, x-ray photoelectron spectroscopy, some other smaller devices and a lot of coffee for overnight measurements.
10% (200,000,000) will be used to support research projects of other scientific groups, mostly in the field of natural sciences. We reserve the right to decide which projects will be supported. Be sure that we know quite a few people who do a great job in their research and would do even better with some additional funding.
5% (100,000,000) will be used to cover costs related to the distribution (support, bug fixing, website maintenance, etc.) and any other expenses we might have with this project.
5% (100,000,000) will be given away via various promotional giveaways, faucets, etc.
10% (200,000,000) is reserved as a reward for us.

You can find more information about the RSC and instructions on how to start earning RSCs on our website: http://www.researchsupportcoin.org

Note: all research projects currently running at World Community Grid are CPU-based.