Topic: Bitcoin + Boinc - A truly revolution? (Read 4330 times)

You can also read the POR paper: http://www.gridcoin.us/guides/gridcoinpor.pdf

POR wallet download: http://download.gridcoin.us/download/downloadstake/GridcoinResearch.msi

Did you have a chance look into Gridcoin? We have the new version Gridcoin Release. It does resolve many of the issues discussed here.
If you need more details please read this info wiki.gridcoin.us/Main_Page

Thanks for your reply, I will take a look at Gridcoin soon, but what I really want is a Bitcoin a bit more useful.

Well, that's what I'm trying to do here: convence people to modify bitcoin client. And yes, English isn't my first language. Sorry if my government don't give me good education and I don't was born in a country that speaks english as native language. I must learn it by myself, I'm not on the first world, but I and a lot of brazilians are trying to change it. Again, sorry if I can't speak English you want.

Also, Gridcoin has a feature coming up that will allow gpus to sleep instead of mining part of the time and use their power towards boinc, and all gpus would wake up in the case of an attack on the network. (difficulty here is relative, e.g. 75% of network sleeping and only hashing 25% of time results in competing against 1/4 the network so you'd still mine coins at the same rate)  Therefore, unlike someone posted above, Gridcoin is not simply the same as running litecoin + boinc in the background, it instead provides a much more computationally and energy efficient mining process that can be used to donate extra gpu processing power to boinc, unlike litecoin

I did not say forget Bitcoin, I said probably no one will be modifying the bitcoin client to work with Boinc. I am guessing English is not your first language.

So you're saying to forget Bitcoin, the most mined criptocurrency in the world? It's really important do something more useful with the power used mining Bitcoin, don't care if exist other coins with this purpose. Bitcoin is the most used criptocurrency and probably will continue, we can deny and forget this.

I think at this stage in the game it is too late for Bitcoin to add anything like Boinc.

Gridcoin will grow, just give it some time.

Thanks for answer, guys!

I can't reply all, but I read all.

Summarizing, we can't adapt Bitcoin to process relevant data (BOINC, Folding@Home, etc.), right? But... what about developers update the Bitcoin algorithm to do something more usable? Is that impossible too?

And about Gridcoin, this may do what the creator say, but Gridcoin isn't used by 90% of miners of cryptocurrencies in the world, so, this can't help a lot and flees the main subject: adapt Bitcoin to do useful things.

Hi BigJohn,

Centralized: No; we're p2p for the coin, decentralized for the boinc clients, and the 3rd party PoW check is limited to 60 independent boinc apis, and we continue to function when an internet point of failure dies off (or if the APIs die off).

Our SQL servers are p2p; each client runs an sql server.  The ledger is replicated and synchronized p2p.

I do not understand the part about premining.  I was referencing storing generic data in a distributed fashion across multiple SQL servers with the cryptoexchange of new rows contributing to part of the PoW.  Were going to use this for storing our leaderboard info and our cpuminers outstanding payment list, confirms of pool mining payments and transactions etc.

Thanks,
Rob H

Your motives are good but your position against Bitcoin mining as currently implemented is not

Check out Primecoin.

Gridcoin, what you're saying sounds like it's a bit centralized, isn't it? If you need a central SQL database to keep track of things, then there has to be an entity in charge of it right?

I've also never heard a solution to the problem of people mining random problems, and then just waiting for one of the solutions to become relevant. Is there a way around that now?

With hashes you can't tell what hash is going to be next. So it's pointless to try and premine the next block. This is how I understand it anyway.

Hi Everyone,

Thanks for the interest in Gridcoin!

I wanted to start off by saying in the 2nd paragraph on Page 1: "it is estimated that bitcoin is using approximately 23,312 megawatt hours per day (see electric consumption at blockchain.info/stats) of electric for block solving algorithms..":  the author claims this is from the Ripple web site.  It's not:  I wrote that and it's actually from the Gridcoin web site.


2) Ranasha says Boincs tasks cannot be used for a PoW:  Incorrect.  There are 60 official boinc projects that have an underlying work unit called cobblestones.  We are already 50% Boinc PoW, and these PoW units are verified by 3rd party GPU users using one of the 60 official boinc APIs.   I invite you to see how much our userbase and process has changed.


3) Sunny King's whitepaper claims you cannot use PoW for F@H -- Correct, if its not done correctly, you cant; however a lot of people believe new things are impossible resisting change; that does not make things impossible.  There will be new specs, new protocols and new whitepapers that prove people will have to change opinions eventually.  It IS possible to have for example an SQL p2p ledger that settles new blocks and stores information other than transactions (generic data) that can be used itself as a PoW; while storing useful information; for example our SQL server and our cpu mining project.  Ripple itself is an example of a non-scrypt based ledger with no classic PoW (sha or scrypt) that uses a similar technology but without the SQL row hash and is proving to be secure.

4) Gridcoin will pay boinc users rewards that are based on their boinc avg_daily_credits and those will be verified by other 3rd party gpu users; there will be no question these users are earning exactly those boinc credits by helping humanity advance.  We will also pioneer the crypto frontier by adding SQL to Gridcoin with an integrated additional SQL PoW for generic data.

Best Regards,
Grid

I already use BOINC for ripple, and it runs well.
http://www.bitcoinutopia.com/index_boinc.php ?

You can do proof of work on the results and use them as a currency.

Yes it does. Some people who want to only run boinc with their cpu will be given gridcoin too. That is the how the integrated pool mining in Gridcoin works.
Also there is a new sleep algo that will be implemented that will throttle mining and donating resources with Gpu to Boinc. That will change the game completely.

That is exactly what I said... GridCoin pays out a larger block reward to miners that run BOINC software while mining. Okay, nice. But that doesn't change the fact that BOINC is in no way integrated into the operation of the coin. You're essentially renting out computing power while simultaneously mining. The power consumption of GridCoin mining with BOINC will be higher than the power consumption of just mining a coin or just running BOINC. No progress was made towards making the Proof-of-Work function contribute results that are meaningful outside securing the blockchain.

Sunnys whitepaper on prime coin explains why projects like folding @ home can't be used as the proof of work protocol.

Boinc has been around a long time, and guess what? Outside of the science and technical people, most of the population doesn't know about it or doesn't care enough.

Dedicating 100 percrent to Boinc is just no going to happen.

Even the people that start out with Boinc eventually either get bored or forget and they stop running it.

I hate to say it, but these days greed rules and you need to give people a pretty powerful incentive to get things done, otherwise it just doesn't work.

Either you build boinc into the gridcoin client or gridcoin into boinc client, it is the same thing really. The whole point is to insensitivity people to run Boinc. And so far Gridcoin is doing a great job I think.