Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread (Read 597476 times)

I am pleased to announce the Gridcoin 5.4.6.0 "Missy Piggy" milestone leisure release.

https://www.reddit.com/r/gridcoin/comments/1b56fao/gridcoin_5460_leisure_release_miss_piggy/

As long as you downloaded it from the official github release page, no.

Should a person be worried that the wallet is not digitally signed?

Gridcoin 5.4.2.0 leisure, "LaVerne" has been released. Please see https://www.reddit.com/r/gridcoin/comments/1229ebu/gridcoin_5420_leisure_release_laverne/.

Amateur analysis / bad and good

Block history looks normal
Block 1 / 30 GRC / 10/12/2014
Block 10 / 340,570,150 / 10/12/2014

https://chainz.cryptoid.info/grc/address.dws?SGTcVAUpiYhC7MHy8CpcqxNh8krjjYAH4Y.htm

https://chainz.cryptoid.info/grc/wallet.dws?652.htm

Block 100 / 340,573,232 / 10/12/2014
Block 1000 / 340,888,511 / 10/13/2014
Block 5,000 / 341,317,057 / 10/15/2014
Block 30,000 / 342,800,233 / 11/3/2014
Block 40,000 / 343,378,217 / 11/11/2014
Block 50,000 / 343,950,863 / 11/17/2014
Block 100,000 / 348,119,157 / 12/28/2014
Block 300,000 / 364,157,625 / 8/12/2015
Block 500,000 / 374,296,408 GRC / 3/20/2016
Block 1,000,000 / 394,115,384 GRC / 8/21/2017
Block 1,500,000 / 413,981,332 GRC / 1/27/2019
Block 2,000,000 / 435,868,233 GRC / 8/5/2020
Block 2,500,000 / 456,780,660 GRC / 2/16/2020
Block 2,821,517 / 470,114,258 GRC / 2/12/2023

Worst online comments about Gridcoin /

https://boinc.berkeley.edu/forum_thread.php?id=10953&sort_style=&start=60

https://www.reddit.com/r/gridcoin/comments/4rnpwd/is_this_just_badly_written_or_is_it_an_outright/

https://www.reddit.com/r/gridcoin/comments/6lspy8/the_top50_grc_addresses_own_48_of_all_gridcoins/

https://steemit.com/gridcoin/@erkan/the-top50-grc-addresses-own-48-of-all-gridcoins

But keep in mind

https://web.archive.org/web/20141028131532/http://wiki.gridcoin.us/Proof-of-Research_Genesis_Block

https://gridcoin.us/wiki/

Also biggest wallets are often exchange wallets. GRC was traded on Bittrex / Cryptsy / Polo not long after starting.


---Bad / As with all old coins, and most new coins, emission is skewed, and designed to enrich early users, at the expense of the coin and new users. Can be fixed by hard forking to a fair emission curve or revaluing the coin ecosystem which will let new people have a real stake in the coin.

-Bad / Poorly traded so most people are not aware of the coin. For example FreiExchange is an old reliable exchange, but Coinmarketcap doesn't list the GRC/BTC pair https://freiexchange.com/market/GRC/BTC because it has little volume. A small holder could arbitrage/churn if more markets were easily visible.

neutral / Some sort of exploit was discovered in 2016/17 and was patched https://dl.acm.org/doi/10.5555/3154768.3154782 and the patch also had to be fixed https://en.wikipedia.org/wiki/Gridcoin

neutral / A shift in something to do with proof of stake happened a few years ago

++Good / Reliable, high quality, updates from developers.

But, an observation from Fairglu "explorer is stalling on a few transactions, because the wallet RPC API returns malformed JSON (mostly on the boinc field data). I'm adding exclusions for those transactions so synch progresses, but maybe could be worth a wallet update"

+Good / Very strong network with high number of reliable supporters, even at very low marketcap.

https://chainz.cryptoid.info/grc/#network-geo-tab

GRC has current active people in United States of America, Germany, Canada, United Kingdom, Finland, France, Taiwan, Ukraine, Austria, Italy, Australia, Bulgaria, Portugal, Poland, Croatia, Venezuela (Bolivarian Republic of), Brazil, Belgium, Russian Federation, Switzerland, Netherlands, Hong Kong, Iran (Islamic Republic of), Denmark, Japan, Sweden, Romania, Estonia, Czech Republic, Lithuania, Slovakia, and others

+++Good / One of the few coins that would have an outsized effect on sciences if it were popular

neutral / A lot of coins are in various exchange wallets, meaning there are a lot of smaller old holders who were interested when the coin was more active

++Good / Fast block time so it could be used as a currency without adding anything.

+Good / One of the few coins where the 'average' person is an expert in some niche of technology, so better chance of random upward value.

~

Suggestion / Vote on salvaging the coin. Here is a poll, somebody involved with the coin should consider it, even if nobody votes.

All old coins have this problem, 'Satoshi Nakamoto' has 500,000 to 1,000,000 bitcoin, and most remaining bitcoin are held by whales, ethereum is much worse. Namecoin was the first coin to have moderately good distribution at first, but that has changed.

The basic choice is a) leave the distribution as it is and let the coin decline compared to fair coins or b) reset the coin by knocking a zero or two off existing coins and/or shift to an increasing emission curve.

Any coin that is fair should obviously have an emission increasing over time. Imagine if almost the entire supply of dollars were emitted in the 1700s to a small group of people. Centralized control and distribution is great for colonialism, but not a sustainable model in a decentralized economy.

But, anyway, a poll

1) Leave things

2) Knock 1 zero off old coins, in other words move the decimal point for all existing coins one space to the left

3) Knock 2 zeros off old coins...decimal two spaces to the left

4) Shift to gradually increasing emission so it isn't a stealth instamine like bitcoin and most coins

5) Zero off, i.e., move decimal point left 1 or 2 spaces for existing coins, + increasing emission curve

edit to add
I've had a stake in GRC since the coin was first traded, but have never been in the top 100 rich list, might be/ or probably have been, in the top 500, almost definitely was in the top 1000 or so, and might still be

There are two important polls going on in Gridcoin right now. One is for (at long last) whitelisting Folding@Home, allowing Gridcoin to reward contributions to F@H. The other is to adjust the poll active vote weight percentages for validations of poll results. Please see https://www.reddit.com/r/gridcoin/comments/yzitb4/foldinghome_adapter_whitelisting/ and https://www.reddit.com/r/gridcoin/comments/zq7pgh/governance_poll_to_change_poll_active_vote_weight/. Please vote. If you have a headless wallet you can vote the following way in the debug console:

F@H poll:

votebyid 1ab2a405a167f17869bae637bd6cba371d4ac37f09d3a9f9e7853f6de601a96b

AVW poll

votebyid c186e2fd5fa81541e74838c1f3b1268c471b55dc6c37aa1b3b9ea84ecd20801c

where for each can be 0 for yes, 1 for no, or 2 for abstain.

If you are using the GUI, you can vote from the voting tab after refreshing the polls. The refresh may take a few minutes for machines with slow disks, so be patient.

Gridcoin 5.4.0.0-mandatory "Kermit's Mom" released! See https://www.reddit.com/r/gridcoin/comments/wd3063/gridcoin_5400mandatory_kermits_mom/.

Manual rewards claims (MRC) is coming!

Note that there is a VERY important poll currently active on the Gridcoin network that only has three days left. This poll concerns the percentage of the manual rewards claim fee will go to the community (foundation multisignature address) vs the staker.

Please see https://www.reddit.com/r/gridcoin/comments/t0jx57/mrcfee_treasury_split_poll/.

Note that we need to get to 50% active vote weight participation for the poll to meet the requirements for a protocol change.

Nodes ...

We will be looking at setting up a few Nodes to work alongside this network. I will post here if any issues arise.

#crysx

The client is not syncing, dear developers tell us the nodes.

https://www.reddit.com/r/gridcoin/comments/mk3jov/gridcoin_5310_leisure_release/?utm_source=share&utm_medium=web2x&context=3

New mandatory and emergency update has been released:

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.3.0.0

There is an issue I would like to mention. When checking "gridcoin-5.2.0-win64-setup.exe" with VirusTotal, it shows a lot of red warnings. They might be false positives of course, however this doesn't inspire much confidence using the wallet, especially taking into account the previous versions I used ("gridcoin-5.0.1-win64-setup.exe" and "gridcoin-5.1.0-win64-setup.exe") are completely clean according to the same VirusTotal! What is also interesting, at the same time "gridcoin-5.2.0-win32-setup.exe" is reported as clean by VirusTotal.

So there is something specific to 64-bit build of version 5.2.0, as all others do not show VirusTotal positives.

I would appreciate if developers re-check this, possibly review and update the published "gridcoin-5.2.0-win64-setup.exe" to find out why it trigger Trojan warnings and make sure it doesn't do that.

https://www.reddit.com/r/gridcoin/comments/lv0pia/gridcoin_5200mandatory_hilda_release/?utm_source=share&utm_medium=web2x&context=3

Problem solved, thanks!

Okay, this is a serious problem. You missed several mandatory updates since v4. I think you need help from a developer.
My suggestion is you move over to Gridcoins Discord channel and describe your problem there. This thread is rarely visited by devs.
https://discord.com/invite/jf9XX4a

I updated from v4 to v. 5.1.0
However the Griudcoin wallet wouldn't even start. Then I removed all folders into recycle bin except my wallet.dat. Then Gridcoin v.5 complains that my wallet.dat is corrupt:
2020-12-07T19:01:45Z Renamed wallet.dat to wallet.1607367705.bak
2020-12-07T19:01:45Z Error: Salvage found errors, all data may not be recoverable.

Then I insterted walletbackups folderback into the GridcoinResearch folder in AppData directory. Still not working:
file unknown has LSN 49/1470961, past end of log at 1/28
Commonly caused by moving a database from one database environment
to another without clearing the database LSNs, or by removing all of
the log files from a database environment
Page 0: metadata page corrupted
Page 0: could not check metadata page
wallet.dat: DB_VERIFY_BAD: Database verification failed
file unknown has LSN 49/1470961, past end of log at 1/1076

How am I supposed to recover my coins or wallet that worked and staked just fine with the v4 wallet?

Did you check on a blockexplorer (e.g. https://gridcoin.ch/balance) if your coins are still there?
Is your wallet in sync? Has your new wallet your old address?

Hello...can anyone help me understand why my few coins I had from wallet disappeared with the latest version? Thanks!

A new mandatory update was announced:
https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.1.0.0

You need to update before block #2104000.

Happy crunching!