Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread - page 228. (Read 597421 times)
January 14, 2014, 02:20:35 PM
Interesting. Someone has started a #gridcoin channel on Freenode. They're the only one in it though.
January 14, 2014, 12:23:30 PM
It's hard to tell you exactly how many you'll get a day. The pool is based on an algorithm that's dynamically related to the difficulty. As the difficulty goes up, the longer you'll stay in the pool. For example, when difficulty was less than 1 you would stay in the pool for about 1-2 days without finding a block. If you do listminers in the debug console of your Gridcoin client, you'll see a list of all the miners in the pool. Under where it says TimeSpan: is the time in seconds I think that account has left in the pool until he finds another block. As for when you find a block, you still get paid the entire amount I'm pretty sure. So if you found a block and then stopped mining right after you found it for example, your first payment would by tiny, but for the next two days you'll get increasing payments each time the pool finds a block, then it'll peak and decrease down to 0 the next two days and you'll end up with 150 GRC if you're BOINC was 100% when you found the block. At least this is how I understand it.
January 14, 2014, 12:08:01 PM
No you wont get the entire block for yourself. How do you think it could work that way?
The found block goes for the entire pool and you get shares for that block. The share you will get depends on how many blocks you have found for the pool.
and it takes atleast 24 hours to get your max sharerate and maxinum payout to happen. And after you stop you will receive atleast for some time those payout but of course those payout are lowering all the time.
The found block goes for the entire pool and you get shares for that block. The share you will get depends on how many blocks you have found for the pool.
and it takes atleast 24 hours to get your max sharerate and maxinum payout to happen. And after you stop you will receive atleast for some time those payout but of course those payout are lowering all the time.
i apologize
anyway.. i try to make some example.
1)i start to mine in pool
2)after, don't know, 10 hours, i find a block. How much is the reward of this block? 150?. Anyways.. since that, i've found only 1 block, so i will get a number of shares very small
3)after that (if i mine for at least 24 hours..in a row?) i will get payout for some times, even if i don't find any block.
Somebody who mine in pool, can tell us how many coins get at day?
January 14, 2014, 11:47:56 AM
the hash rate maintains at 90M right now. GRC is exploding. tens of miners joined today. very good progress.
January 14, 2014, 10:49:49 AM
No you wont get the entire block for yourself. How do you think it could work that way?
The found block goes for the entire pool and you get shares for that block. The share you will get depends on how many blocks you have found for the pool.
and it takes atleast 24 hours to get your max sharerate and maxinum payout to happen. And after you stop you will receive atleast for some time those payout but of course those payout are lowering all the time.
The found block goes for the entire pool and you get shares for that block. The share you will get depends on how many blocks you have found for the pool.
and it takes atleast 24 hours to get your max sharerate and maxinum payout to happen. And after you stop you will receive atleast for some time those payout but of course those payout are lowering all the time.
January 14, 2014, 10:28:22 AM
150 kh/second, poolmining=true, boinc average daily = 7000+
I was trickling in a pretty regular amount daily but it just seems to have up and died on me.
I was trickling in a pretty regular amount daily but it just seems to have up and died on me.
can anyone explain how poolmining=true works?
maybe a good explanation can be added in the first post... the absence of pool can "reject" some new user with low hashrate...
thanks!
i think that my question is going to be more and more important with che diff that become higher and higher..
nobody?
maybe Rob can answer you nicely. I never use this pool, just tried for a short time.
This is a build in pool and quite different as other traditional pool.
you have to mine/solve a block to get shares, and you get paid over time.
The only benefit of pool mining of gridcoin is that in case the diff. increase fast, you can still get paid if you have shares before.
thx...i try to make an example to verify if i've understood well.
1)i start to mine in pool.
2)after 10hours i found a block, a block with the diff of the entire network
3)after that, i receive the entire block i've found and shares of the next block "the pool" will find?
4)if i stop mining, the next day i restart from 1)?
January 14, 2014, 10:00:56 AM
Yeah i'm looking forward to that! Maybe CryptOTC will become Gridcoins primary exchanger.
i really like the speed and (call me crazy) the layout/design of the site. Simple effective functionality.
i really like the speed and (call me crazy) the layout/design of the site. Simple effective functionality.
January 14, 2014, 09:38:59 AM
CryptOTC isn't an exchange, I don't handle the transactions that take place unless you request escrow of me. CryptOTC is an alternative to the google docs method. You place offers and people can respond to your offers. The trade that takes place is solely between you and the other party
What are your escrow fees?
I am working on an automated escrow system which would have 0% fees, until then I will have to escrow manually so I would request 1.5%
this suonds really good!
January 14, 2014, 08:41:05 AM
One weird thing I've found is that if I turn pooling off then the client crashes on launch every time. If I turn it on it runs well. Can't identify a reason yet.
January 14, 2014, 08:27:35 AM
we should start another round GRC give away.
We are giving away now in China now.
We are giving away now in China now.
January 14, 2014, 08:08:46 AM
150 kh/second, poolmining=true, boinc average daily = 7000+
I was trickling in a pretty regular amount daily but it just seems to have up and died on me.
I was trickling in a pretty regular amount daily but it just seems to have up and died on me.
can anyone explain how poolmining=true works?
maybe a good explanation can be added in the first post... the absence of pool can "reject" some new user with low hashrate...
thanks!
i think that my question is going to be more and more important with che diff that become higher and higher..
nobody?
maybe Rob can answer you nicely. I never use this pool, just tried for a short time.
This is a build in pool and quite different as other traditional pool.
you have to mine/solve a block to get shares, and you get paid over time.
The only benefit of pool mining of gridcoin is that in case the diff. increase fast, you can still get paid if you have shares before.
January 14, 2014, 07:15:36 AM
150 kh/second, poolmining=true, boinc average daily = 7000+
I was trickling in a pretty regular amount daily but it just seems to have up and died on me.
I was trickling in a pretty regular amount daily but it just seems to have up and died on me.
can anyone explain how poolmining=true works?
maybe a good explanation can be added in the first post... the absence of pool can "reject" some new user with low hashrate...
thanks!
i think that my question is going to be more and more important with che diff that become higher and higher..
nobody?
January 14, 2014, 07:03:01 AM
yes, GRC is ready to exploding. We are now close to diff. 5 and many exchanges will accept us in a short time if we break diff. 5.
January 14, 2014, 05:17:43 AM
CryptOTC isn't an exchange, I don't handle the transactions that take place unless you request escrow of me. CryptOTC is an alternative to the google docs method. You place offers and people can respond to your offers. The trade that takes place is solely between you and the other party
What are your escrow fees?
I am working on an automated escrow system which would have 0% fees, until then I will have to escrow manually so I would request 1.5%
January 14, 2014, 05:15:00 AM
The Gridcoin team now ranks:
8,544 out of 99,715
In BoincStats.
8,544 out of 99,715
In BoincStats.
January 14, 2014, 04:35:05 AM
CryptOTC isn't an exchange, I don't handle the transactions that take place unless you request escrow of me. CryptOTC is an alternative to the google docs method. You place offers and people can respond to your offers. The trade that takes place is solely between you and the other party
What are your escrow fees?
January 14, 2014, 04:22:40 AM
As I said , hash rate now reach 83M now.
One big miner just try 10M.
One big miner just try 10M.
January 14, 2014, 01:05:11 AM
CryptOTC isn't an exchange, I don't handle the transactions that take place unless you request escrow of me. CryptOTC is an alternative to the google docs method. You place offers and people can respond to your offers. The trade that takes place is solely between you and the other party
Just discovered this 1 minute ago =) January 14, 2014, 12:57:42 AM
CryptOTC isn't an exchange, I don't handle the transactions that take place unless you request escrow of me. CryptOTC is an alternative to the google docs method. You place offers and people can respond to your offers. The trade that takes place is solely between you and the other party
January 14, 2014, 12:55:45 AM
I just message the dev of http://CryptOTC.us to add Gridcoin and he did. The site is still in beta so everyone can go ahead and give it a shot and see how it works.
Do you know who the dev is? These exchanges pop up and disappear with peoples money all the time. I'd wait for either bter or cryptsy or possible coins-e.
*** EDIT ***
Oh... It's not exchange actually. It's like our Google Docs sheet - list of offers. Nice, i will try.
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