Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread - page 123. (Read 597425 times)
September 28, 2014, 08:40:35 AM
Please use the download blocks option, this worked for me. Synced with 49 connections now!
September 28, 2014, 08:05:41 AM
I have tried rebuilding block chain several times - always get stuck at block 125,631 - wallet freezes and no matter how many times restart - it does nothing - please help
Interesting. My rebuild seems to be stuck at 125,301 after about 10 hours. I have not checked into it yet though.
September 28, 2014, 08:02:33 AM
You will prob have to put in how many threads to use for cpu mining. That is why it is prob using 60% cpu time!
Thanks, traderman. I will check conf files shortly. The problem is new since the upgrade and only on one machine, fwiw.
Edit: Update - both machines have threadlimit=5 in their conf files and this has not changed for some weeks. I am going to try to replicate the slowdown problem shortly. Gridcoin has been shut off on that machine for 12 hours or so.
Edit: Further update - Restarted Gridcoin on the machine that had the slowdown. It synced up quickly to block 185895 and everything looks normal. Task manager reports gridcoin-qt using 0% resources, as expected. In short - the problem vanished as mysteriously as it arrived. I hate intermittent problems - hard to debug!
September 28, 2014, 04:09:11 AM
You will prob have to put in how many threads to use for cpu mining. That is why it is prob using 60% cpu time!
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
Thanks, looking for it.
I just noticed the Rebuild Blockchain shuts down other running instances of cgminer also. Normal startups do not though.
I am trying the rebuild because I got stuck at block 185476 - no sync, despite several restarts.
Edit: Update. The blockchain rebuild is chugging along - hours to go yet. However on another core i7 Win7 machine Task Manager reports that gridcoin-qt is taking 60% of CPU time. My wife had noticed that cursor movement had become erratic when GRC was running and returned to normal when she shut it off. No sync problem with it though. Something seems to be amiss with the upgraded version but I will not be able to look any deeper for half a day or so.
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
I just noticed the Rebuild Blockchain shuts down other running instances of cgminer also. Normal startups do not though.
I am trying the rebuild because I got stuck at block 185476 - no sync, despite several restarts.
Edit: Update. The blockchain rebuild is chugging along - hours to go yet. However on another core i7 Win7 machine Task Manager reports that gridcoin-qt is taking 60% of CPU time. My wife had noticed that cursor movement had become erratic when GRC was running and returned to normal when she shut it off. No sync problem with it though. Something seems to be amiss with the upgraded version but I will not be able to look any deeper for half a day or so.
I have tried rebuilding block chain several times - always get stuck at block 125,631 - wallet freezes and no matter how many times restart - it does nothing - please help
September 27, 2014, 11:10:07 PM
You will prob have to put in how many threads to use for cpu mining. That is why it is prob using 60% cpu time!
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
Thanks, looking for it.
I just noticed the Rebuild Blockchain shuts down other running instances of cgminer also. Normal startups do not though.
I am trying the rebuild because I got stuck at block 185476 - no sync, despite several restarts.
Edit: Update. The blockchain rebuild is chugging along - hours to go yet. However on another core i7 Win7 machine Task Manager reports that gridcoin-qt is taking 60% of CPU time. My wife had noticed that cursor movement had become erratic when GRC was running and returned to normal when she shut it off. No sync problem with it though. Something seems to be amiss with the upgraded version but I will not be able to look any deeper for half a day or so.
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
I just noticed the Rebuild Blockchain shuts down other running instances of cgminer also. Normal startups do not though.
I am trying the rebuild because I got stuck at block 185476 - no sync, despite several restarts.
Edit: Update. The blockchain rebuild is chugging along - hours to go yet. However on another core i7 Win7 machine Task Manager reports that gridcoin-qt is taking 60% of CPU time. My wife had noticed that cursor movement had become erratic when GRC was running and returned to normal when she shut it off. No sync problem with it though. Something seems to be amiss with the upgraded version but I will not be able to look any deeper for half a day or so.
September 27, 2014, 10:21:55 PM
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
I just noticed the Rebuild Blockchain shuts down other running instances of cgminer also. Normal startups do not though.
I am trying the rebuild because I got stuck at block 185476 - no sync, despite several restarts.
Edit: Update. The blockchain rebuild is chugging along - hours to go yet. However on another core i7 Win7 machine Task Manager reports that gridcoin-qt is taking 60% of CPU time. My wife had noticed that cursor movement had become erratic when GRC was running and returned to normal when she shut it off. No sync problem with it though. Something seems to be amiss with the upgraded version but I will not be able to look any deeper for half a day or so.
September 27, 2014, 09:10:40 PM
I cannot Upgrade the new wallet....
PLZ give me the right addnode......
PLZ give me the right addnode......
Ok i got it to work now - backup your wallet in case - uninstalled gridcoin and then downloaded the latest version from the gridcoin website - and it reinstalled without problems - thanks guys for a good program
Also cannot upgrade......No block source available.....
September 27, 2014, 08:54:34 PM
I cannot Upgrade the new wallet....
PLZ give me the right addnode......
PLZ give me the right addnode......
Ok i got it to work now - backup your wallet in case - uninstalled gridcoin and then downloaded the latest version from the gridcoin website - and it reinstalled without problems - thanks guys for a good program
September 27, 2014, 08:44:33 PM
I cannot Upgrade the new wallet....
PLZ give me the right addnode......
PLZ give me the right addnode......
September 27, 2014, 08:11:02 PM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
Regarding coin burning - or coin exchange:
We are planning to launch the new Proof Of Research wallet on approx 10-15-2014 (we will be writing a summary and will give at least 10 days notice before mining begins).
Once we start mining the new wallet, a web site will be opened up for the foundation that contains the 31-32~ million GRC in escrow.
These classic coins will be converted to PoR coins by multiplying the original coins by a factor of 10.
All users will burn their old classic coins through the foundation site by sending the old coins to a dedicated vanity address. They will receive coins in the new wallet automatically *10.
In this way all old classic coins will be destroyed and all users will end up with Proof Of Research coins.
The program will go on for approx 5 months to give everyone time to convert the coins.
Rob
thanks for the quick and clear answer. Just one doubt: why do you choose to use a factor of 10 and not a factor of 1?
Since starting with 325,000,000 grc in the new world with an emission rate of 20 mil, to 5 mil, to 1 mil will keep inflation low - a pro for the investors.
In contrast to keeping a 1:1 distribution, our inflation rate would be 100% the first year at the current reward schedule rate.
We are also envisioning an increase in exchange value with 325mil minted, theoretically our value may rise above $1 million and spark more interest. Obviously this is not backed with sound financial fundamentals, but the PR campaign may spark enough interest to fulfill it. One view is that people tend to lose/forget about coins worth 10* less, until they rise in value then they want them back. Its a measure to try to make GRC more rare over the long term.
Rob
it seems that you have though a lot how to move. These are the kind of think that make a coin great
Anyways i don't understand how our value may rise above $1 million from the 350k of now...
Yes, thank you for the continuing development of gridcoin! I'm really excited about PoR.
Gridcoin is the coin with the most fair distribution and the onliest coin with a usefull mining. When it works as good and secure as bitcoin it deserves much more than a market cap of 1 Mill ...
hi - i cannot upgrade my gridcoin wallet - have been mining for 2 weeks, but now the upgrader freezes everytime - please help! thanks
September 27, 2014, 02:17:06 PM
other 2 days to vote! hurry up people, this is important!
September 27, 2014, 01:45:20 PM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
Regarding coin burning - or coin exchange:
We are planning to launch the new Proof Of Research wallet on approx 10-15-2014 (we will be writing a summary and will give at least 10 days notice before mining begins).
Once we start mining the new wallet, a web site will be opened up for the foundation that contains the 31-32~ million GRC in escrow.
These classic coins will be converted to PoR coins by multiplying the original coins by a factor of 10.
All users will burn their old classic coins through the foundation site by sending the old coins to a dedicated vanity address. They will receive coins in the new wallet automatically *10.
In this way all old classic coins will be destroyed and all users will end up with Proof Of Research coins.
The program will go on for approx 5 months to give everyone time to convert the coins.
Rob
thanks for the quick and clear answer. Just one doubt: why do you choose to use a factor of 10 and not a factor of 1?
Since starting with 325,000,000 grc in the new world with an emission rate of 20 mil, to 5 mil, to 1 mil will keep inflation low - a pro for the investors.
In contrast to keeping a 1:1 distribution, our inflation rate would be 100% the first year at the current reward schedule rate.
We are also envisioning an increase in exchange value with 325mil minted, theoretically our value may rise above $1 million and spark more interest. Obviously this is not backed with sound financial fundamentals, but the PR campaign may spark enough interest to fulfill it. One view is that people tend to lose/forget about coins worth 10* less, until they rise in value then they want them back. Its a measure to try to make GRC more rare over the long term.
Rob
it seems that you have though a lot how to move. These are the kind of think that make a coin great
Anyways i don't understand how our value may rise above $1 million from the 350k of now...
Yes, thank you for the continuing development of gridcoin! I'm really excited about PoR.
Gridcoin is the coin with the most fair distribution and the onliest coin with a usefull mining. When it works as good and secure as bitcoin it deserves much more than a market cap of 1 Mill ...
September 27, 2014, 01:41:00 PM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
Regarding coin burning - or coin exchange:
We are planning to launch the new Proof Of Research wallet on approx 10-15-2014 (we will be writing a summary and will give at least 10 days notice before mining begins).
Once we start mining the new wallet, a web site will be opened up for the foundation that contains the 31-32~ million GRC in escrow.
These classic coins will be converted to PoR coins by multiplying the original coins by a factor of 10.
All users will burn their old classic coins through the foundation site by sending the old coins to a dedicated vanity address. They will receive coins in the new wallet automatically *10.
In this way all old classic coins will be destroyed and all users will end up with Proof Of Research coins.
The program will go on for approx 5 months to give everyone time to convert the coins.
Rob
thanks for the quick and clear answer. Just one doubt: why do you choose to use a factor of 10 and not a factor of 1?
Since starting with 325,000,000 grc in the new world with an emission rate of 20 mil, to 5 mil, to 1 mil will keep inflation low - a pro for the investors.
In contrast to keeping a 1:1 distribution, our inflation rate would be 100% the first year at the current reward schedule rate.
We are also envisioning an increase in exchange value with 325mil minted, theoretically our value may rise above $1 million and spark more interest. Obviously this is not backed with sound financial fundamentals, but the PR campaign may spark enough interest to fulfill it. One view is that people tend to lose/forget about coins worth 10* less, until they rise in value then they want them back. Its a measure to try to make GRC more rare over the long term.
Rob
it seems that you have though a lot how to move. These are the kind of think that make a coin great
Anyways i don't understand how our value may rise above $1 million from the 350k of now...
September 27, 2014, 12:59:57 PM
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
September 27, 2014, 12:58:38 PM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
Regarding coin burning - or coin exchange:
We are planning to launch the new Proof Of Research wallet on approx 10-15-2014 (we will be writing a summary and will give at least 10 days notice before mining begins).
Once we start mining the new wallet, a web site will be opened up for the foundation that contains the 31-32~ million GRC in escrow.
These classic coins will be converted to PoR coins by multiplying the original coins by a factor of 10.
All users will burn their old classic coins through the foundation site by sending the old coins to a dedicated vanity address. They will receive coins in the new wallet automatically *10.
In this way all old classic coins will be destroyed and all users will end up with Proof Of Research coins.
The program will go on for approx 5 months to give everyone time to convert the coins.
Rob
thanks for the quick and clear answer. Just one doubt: why do you choose to use a factor of 10 and not a factor of 1?
Since starting with 325,000,000 grc in the new world with an emission rate of 20 mil, to 5 mil, to 1 mil will keep inflation low - a pro for the investors.
In contrast to keeping a 1:1 distribution, our inflation rate would be 100% the first year at the current reward schedule rate.
We are also envisioning an increase in exchange value with 325mil minted, theoretically our value may rise above $1 million and spark more interest. Obviously this is not backed with sound financial fundamentals, but the PR campaign may spark enough interest to fulfill it. One view is that people tend to lose/forget about coins worth 10* less, until they rise in value then they want them back. Its a measure to try to make GRC more rare over the long term.
Rob
September 27, 2014, 12:37:03 PM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
Regarding coin burning - or coin exchange:
We are planning to launch the new Proof Of Research wallet on approx 10-15-2014 (we will be writing a summary and will give at least 10 days notice before mining begins).
Once we start mining the new wallet, a web site will be opened up for the foundation that contains the 31-32~ million GRC in escrow.
These classic coins will be converted to PoR coins by multiplying the original coins by a factor of 10.
All users will burn their old classic coins through the foundation site by sending the old coins to a dedicated vanity address. They will receive coins in the new wallet automatically *10.
In this way all old classic coins will be destroyed and all users will end up with Proof Of Research coins.
The program will go on for approx 5 months to give everyone time to convert the coins.
Rob
thanks for the quick and clear answer. Just one doubt: why do you choose to use a factor of 10 and not a factor of 1?
September 27, 2014, 12:17:33 PM
Please upgrade as early as possible so we can avoid hard fork issues.
Running the upgrade shuts down any instances of cgminer running under command prompt (observed on two Win7 machines so far). GRC used to do this but it was fixed weeks ago. No big deal, but it requires a bit of intervention when it happens. Perhaps an old fix has come undone.
September 27, 2014, 11:03:39 AM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
Regarding coin burning - or coin exchange:
We are planning to launch the new Proof Of Research wallet on approx 10-15-2014 (we will be writing a summary and will give at least 10 days notice before mining begins).
Once we start mining the new wallet, a web site will be opened up for the foundation that contains the 31-32~ million GRC in escrow.
These classic coins will be converted to PoR coins by multiplying the original coins by a factor of 10.
All users will burn their old classic coins through the foundation site by sending the old coins to a dedicated vanity address. They will receive coins in the new wallet automatically *10.
In this way all old classic coins will be destroyed and all users will end up with Proof Of Research coins.
The program will go on for approx 5 months to give everyone time to convert the coins.
Rob
September 27, 2014, 10:55:28 AM
All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdf
This guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR
Hi,
The new decay schedule that starts on 10-20-2014 is very aggressive. Please see the end of this document:
http://www.gridcoin.us/guides/gridcoinpor.pdf
Cheers,
Rob
really glad to read this post, just one question: what do you mean whit Coin burning begins ?
September 27, 2014, 10:54:35 AM
New Mandatory Upgrade Release for Gridcoin Classic Ready:
v.2.1.5.7-retirement/MSI v.16.0:
Instructions: Upgrade from the client with the Upgrade button or the Upgrade command. Optionally upgrade by removing and reinstalling with the MSI @ http://download.gridcoin.us/download/gridcoin.msi
Changes:
Block Height 1-199000: (IE From 10-20-2013 through 10-20-2014):
Max Reward: 150 + fees, based on boinc participation
Block Height: 199000 through 285400:
Max Reward: 10 + fees, based on Scrypt Mining only
Block Height > 285400 (Approx Mar 30 2015):
Max Reward: .1 + fees, based on Scrypt Mining Only (This is when coin burning ends)
* Note, this upgrade includes a high security feature that ensures coins being exchanged for POR originate from this new client.
* All users and exchanges, please upgrade, as the old version is now deprecated and will not work after this weekend.
* All mining must occur through the windows wallet. Exchanges are required to obtain a retirement key for the new version to sync.
* Code in github is being updated now.
* Starting October 20th, Scrypt mining will work with or without boinc credits but with a lower reward schedule.
Please upgrade as early as possible so we can avoid hard fork issues.
Jump to: