You can currently mine both GRC and XRP at the same time. Ripple Labs is running an XRP giveaway based on contributions to the World Community Grid, a BOINC project.
Details at https://www.ripplelabs-wcgxrp.com
The giveaway exchange rate is 1000 XRP for every 5000 WGC points (714 BOINC points), which at current rates is roughly a $10 USD value each time you cash in your WCG points.
As long as you're already mining GRC and running BOINC, why not pick up some free XRP for no extra effort?
Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread - page 284. (Read 597251 times)
November 16, 2013, 02:45:19 AM
November 15, 2013, 03:19:05 PM
Have you signed the petition for Cryptsy yet?
This is a great coin and I look forward to watching it grow. Thanks for your hard work on Gridcoin!
November 15, 2013, 12:40:04 PM
This is a great coin and I look forward to watching it grow. Thanks for your hard work on Gridcoin!
November 14, 2013, 11:45:18 PM
Ye I agree, the thread title needs to be changed to reflect the Gridcoin's purpose.
This was posted on the other crypto forum by the lead dev, figured people would like to see it 
This coin is going to be amazing!
@OP if you changed the topic to more to reflect what this coin does, it might get more views.
Quote
"Except for the boinc part? " I suggest downloading the newest beta client. We have imo the most advanced and innovative ideas coming out at the most rapid pace in the whole cryptocurrency market. We have staff programmers paid by the hour. We have encrypted pop3 client to client email, integrated pool mining (in the client), integrated cgminer/reaper mining In the client, charts of boinc history on the screen, vacation restart for the miners and the wallet, boinc, energy savings, competition for humanitarian projects, and we have something coming that is going to blow everyones socks off. The Russian coder is highly capable of locking the memory in linux in a way that prevents a fraudulent copy of boinc to communicate with the linux kernel, for one. Two, I'm working on security again, based on curecoins statements about the early version of the client. We may end up pioneering something again that is far, far ahead of the game. I cant go into all of the security details, but to let everyone know how serious I am about security this new feature will lock the memory contents of the NT kernel and encrypt and sign the boinc credits in the same space as boinc is running, and sign the packets with the gridcoin key. If anyone tampers with that packet before it is given to the block in the mining subsidy it will be USELESS. Also, all clients will be able to check the authenticity of that signature without decrypting it. So, blocks will not be forwarded on unless they are authentic. Next, if someone tries to tamper with boinc, the kernel mode process will not accept the memory because it is going to be signed with Berkeleys key and I cant talk about that, but we do have access to the key pair inside boinc itself, so this is going to very hard to hack, and by the time anyone even attempts to do it we will have boinc running inside gridcoin and you can kiss that idea goodbye. Another piece of information, anyone trying to do a man in the middle attack between boinc and gridcoin will fail, because the memory is going to be signed before gridcoin reads it, so anything you do to tamper with that memory will alter the signature. Once this version is released, and the feature is turned on, your client will only accept signed boinc blocks others will be rejected. Everyone will be forced to upgrade, because we have a feature in the client to do that. If you dont upgrade, you cant mine new blocks. We are going to be the best and there is no stopping us.
This coin is going to be amazing!
@OP if you changed the topic to more to reflect what this coin does, it might get more views.
Thanks for the positive plugs!
Working on the Gridcoin Virtual Machine now for security. Will keep you all posted.
Röb Halförd
November 14, 2013, 09:05:38 PM
It was nice wasn't it? Anyways hopefully soon, maybe in another month or two while we only have a handful of users in our community.
November 14, 2013, 01:07:54 PM
Yea Conqueror PM'ed me and I told him I was having the same issue with the client I had running on my laptop for the giveaway. Turns out it's because of the version. I still had Mining Module Version 4 whereas the newest MSI client was Version 10. Anyways, deleted everything but my wallet and conf, installed the new version and worked fine
Thanks my man, it is working well now
BTW I really miss your forum, I hope it will be back online soon (I started a giveaway on forum and I want to giveaway all coins
) November 14, 2013, 11:45:40 AM
Ye I agree, the thread title needs to be changed to reflect the Gridcoin's purpose.
This was posted on the other crypto forum by the lead dev, figured people would like to see it
This coin is going to be amazing!
@OP if you changed the topic to more to reflect what this coin does, it might get more views.
Quote
"Except for the boinc part? " I suggest downloading the newest beta client. We have imo the most advanced and innovative ideas coming out at the most rapid pace in the whole cryptocurrency market. We have staff programmers paid by the hour. We have encrypted pop3 client to client email, integrated pool mining (in the client), integrated cgminer/reaper mining In the client, charts of boinc history on the screen, vacation restart for the miners and the wallet, boinc, energy savings, competition for humanitarian projects, and we have something coming that is going to blow everyones socks off. The Russian coder is highly capable of locking the memory in linux in a way that prevents a fraudulent copy of boinc to communicate with the linux kernel, for one. Two, I'm working on security again, based on curecoins statements about the early version of the client. We may end up pioneering something again that is far, far ahead of the game. I cant go into all of the security details, but to let everyone know how serious I am about security this new feature will lock the memory contents of the NT kernel and encrypt and sign the boinc credits in the same space as boinc is running, and sign the packets with the gridcoin key. If anyone tampers with that packet before it is given to the block in the mining subsidy it will be USELESS. Also, all clients will be able to check the authenticity of that signature without decrypting it. So, blocks will not be forwarded on unless they are authentic. Next, if someone tries to tamper with boinc, the kernel mode process will not accept the memory because it is going to be signed with Berkeleys key and I cant talk about that, but we do have access to the key pair inside boinc itself, so this is going to very hard to hack, and by the time anyone even attempts to do it we will have boinc running inside gridcoin and you can kiss that idea goodbye. Another piece of information, anyone trying to do a man in the middle attack between boinc and gridcoin will fail, because the memory is going to be signed before gridcoin reads it, so anything you do to tamper with that memory will alter the signature. Once this version is released, and the feature is turned on, your client will only accept signed boinc blocks others will be rejected. Everyone will be forced to upgrade, because we have a feature in the client to do that. If you dont upgrade, you cant mine new blocks. We are going to be the best and there is no stopping us.
This coin is going to be amazing!
@OP if you changed the topic to more to reflect what this coin does, it might get more views.
November 14, 2013, 10:41:37 AM
Yea Conqueror PM'ed me and I told him I was having the same issue with the client I had running on my laptop for the giveaway. Turns out it's because of the version. I still had Mining Module Version 4 whereas the newest MSI client was Version 10. Anyways, deleted everything but my wallet and conf, installed the new version and worked fine
November 14, 2013, 01:28:44 AM
This was posted on the other crypto forum by the lead dev, figured people would like to see it
This coin is going to be amazing!
@OP if you changed the topic to more to reflect what this coin does, it might get more views.
Quote
"Except for the boinc part? " I suggest downloading the newest beta client. We have imo the most advanced and innovative ideas coming out at the most rapid pace in the whole cryptocurrency market. We have staff programmers paid by the hour. We have encrypted pop3 client to client email, integrated pool mining (in the client), integrated cgminer/reaper mining In the client, charts of boinc history on the screen, vacation restart for the miners and the wallet, boinc, energy savings, competition for humanitarian projects, and we have something coming that is going to blow everyones socks off. The Russian coder is highly capable of locking the memory in linux in a way that prevents a fraudulent copy of boinc to communicate with the linux kernel, for one. Two, I'm working on security again, based on curecoins statements about the early version of the client. We may end up pioneering something again that is far, far ahead of the game. I cant go into all of the security details, but to let everyone know how serious I am about security this new feature will lock the memory contents of the NT kernel and encrypt and sign the boinc credits in the same space as boinc is running, and sign the packets with the gridcoin key. If anyone tampers with that packet before it is given to the block in the mining subsidy it will be USELESS. Also, all clients will be able to check the authenticity of that signature without decrypting it. So, blocks will not be forwarded on unless they are authentic. Next, if someone tries to tamper with boinc, the kernel mode process will not accept the memory because it is going to be signed with Berkeleys key and I cant talk about that, but we do have access to the key pair inside boinc itself, so this is going to very hard to hack, and by the time anyone even attempts to do it we will have boinc running inside gridcoin and you can kiss that idea goodbye. Another piece of information, anyone trying to do a man in the middle attack between boinc and gridcoin will fail, because the memory is going to be signed before gridcoin reads it, so anything you do to tamper with that memory will alter the signature. Once this version is released, and the feature is turned on, your client will only accept signed boinc blocks others will be rejected. Everyone will be forced to upgrade, because we have a feature in the client to do that. If you dont upgrade, you cant mine new blocks. We are going to be the best and there is no stopping us.
This coin is going to be amazing!
@OP if you changed the topic to more to reflect what this coin does, it might get more views.
November 12, 2013, 06:23:35 PM
I have 2 rigs mining for over a week now and I have not had that problem yet. But others have reported this exact same situation.
Ok, so problem with blocks unrecognized by network is back...even with reaper.
Why is this happening to me
printscreen here:
http://mirrax.rajce.idnes.cz/GRC_mining_problem#Pic0004.jpg
Why is this happening to me
printscreen here:
http://mirrax.rajce.idnes.cz/GRC_mining_problem#Pic0004.jpg
November 12, 2013, 04:53:58 PM
Ok, so problem with blocks unrecognized by network is back...even with reaper.
Why is this happening to me
printscreen here:
http://mirrax.rajce.idnes.cz/GRC_mining_problem#Pic0004.jpg
Why is this happening to me
printscreen here:
http://mirrax.rajce.idnes.cz/GRC_mining_problem#Pic0004.jpg
November 12, 2013, 09:44:01 AM
It seems best just to split the 150 GRC between everyone who contributed to the mining of that particular block. Seems most simple.
Yes, the Proof Of Work is necessary to keep a perpetrator from quickly constructing a block of falsified transactions, inserting the block in the chain somewhere and trying to spend the mining subsidy or double spend etc. With PoW every block is related to every prior block so it is too hard computationally to reconstruct N number of blocks starting back more than one prior.
But one thing that we have discovered that can add potential boinc efficiency to this system is the integrated pool mining with more features. If we have 100 users running boinc, and 50 miners, if they are all part of the pool it may be theoretically possible to give some compenstation to the 50 who are boincing who are not mining when any miner finds a block (IE payments go to all pool members, membership is disassociated with mining per se). That would lead to a boinc wattage efficiency that is much higher than mining+boinc. But before any of that is possible the CPU users would have to go through a different PoW to prove they deserve to be in the pool, etc. Unless those users are compensated out of a different "pot" per se, IE the miners still receive 150 GRC split N ways, and the Boinc users doing a separate PoW algo are compensated by the pool but not out of the pools funds. Just throwing ideas out there.
Preston Keys
But one thing that we have discovered that can add potential boinc efficiency to this system is the integrated pool mining with more features. If we have 100 users running boinc, and 50 miners, if they are all part of the pool it may be theoretically possible to give some compenstation to the 50 who are boincing who are not mining when any miner finds a block (IE payments go to all pool members, membership is disassociated with mining per se). That would lead to a boinc wattage efficiency that is much higher than mining+boinc. But before any of that is possible the CPU users would have to go through a different PoW to prove they deserve to be in the pool, etc. Unless those users are compensated out of a different "pot" per se, IE the miners still receive 150 GRC split N ways, and the Boinc users doing a separate PoW algo are compensated by the pool but not out of the pools funds. Just throwing ideas out there.
Preston Keys
November 11, 2013, 08:39:09 PM
Yes, the Proof Of Work is necessary to keep a perpetrator from quickly constructing a block of falsified transactions, inserting the block in the chain somewhere and trying to spend the mining subsidy or double spend etc. With PoW every block is related to every prior block so it is too hard computationally to reconstruct N number of blocks starting back more than one prior.
But one thing that we have discovered that can add potential boinc efficiency to this system is the integrated pool mining with more features. If we have 100 users running boinc, and 50 miners, if they are all part of the pool it may be theoretically possible to give some compenstation to the 50 who are boincing who are not mining when any miner finds a block (IE payments go to all pool members, membership is disassociated with mining per se). That would lead to a boinc wattage efficiency that is much higher than mining+boinc. But before any of that is possible the CPU users would have to go through a different PoW to prove they deserve to be in the pool, etc. Unless those users are compensated out of a different "pot" per se, IE the miners still receive 150 GRC split N ways, and the Boinc users doing a separate PoW algo are compensated by the pool but not out of the pools funds. Just throwing ideas out there.
Preston Keys
But one thing that we have discovered that can add potential boinc efficiency to this system is the integrated pool mining with more features. If we have 100 users running boinc, and 50 miners, if they are all part of the pool it may be theoretically possible to give some compenstation to the 50 who are boincing who are not mining when any miner finds a block (IE payments go to all pool members, membership is disassociated with mining per se). That would lead to a boinc wattage efficiency that is much higher than mining+boinc. But before any of that is possible the CPU users would have to go through a different PoW to prove they deserve to be in the pool, etc. Unless those users are compensated out of a different "pot" per se, IE the miners still receive 150 GRC split N ways, and the Boinc users doing a separate PoW algo are compensated by the pool but not out of the pools funds. Just throwing ideas out there.
Preston Keys
November 11, 2013, 04:54:23 PM
A 50/50 split would be great, I am not sure if it will work out like that, but it would be idea of that is the case long term.
The reason it isn't wise to do that is because the transactions have no strong source of verification. PoW is still solely the most secure way to make sure transactions are legitimate. That's why we're hoping to eventually get to the point where 50% of power goes to research and 50% of power goes to keeping the chain secure.
Yea, but why do they have to hash to receive coins? Why can't the do some other gpu-operations like monte-carlo-simulation or anything else to solve a block?
The reason it isn't wise to do that is because the transactions have no strong source of verification. PoW is still solely the most secure way to make sure transactions are legitimate. That's why we're hoping to eventually get to the point where 50% of power goes to research and 50% of power goes to keeping the chain secure.
November 11, 2013, 04:53:06 PM
Ye I agree. If this coin becomes more widely used we can see some serious scientific breakthroughs. I can't even imagine what the results can be.
This coin deserves more recognition!
November 11, 2013, 04:21:12 PM
Yea, but why do they have to hash to receive coins? Why can't the do some other gpu-operations like monte-carlo-simulation or anything else to solve a block?
The reason it isn't wise to do that is because the transactions have no strong source of verification. PoW is still solely the most secure way to make sure transactions are legitimate. That's why we're hoping to eventually get to the point where 50% of power goes to research and 50% of power goes to keeping the chain secure.
November 11, 2013, 04:14:04 PM
This coin deserves more recognition!
November 11, 2013, 04:12:42 PM
Yea, but why do they have to hash to receive coins? Why can't the do some other gpu-operations like monte-carlo-simulation or anything else to solve a block?
November 11, 2013, 03:52:15 PM
Because if you dedicate all power to scientific project people will not participate as much. I hate to say it, but the only way for mass amount of people to want to run Boinc is to provide immediate financial incentive. Otherwise people either forget or just loose interest over time.
When you bring your coins on the market, I will buy some
I like your idea. Great, I always wished someone will bring the power of the bitcoin netwoirk to a usefull purpose. I hope you succeed!
Your project could make a lot of scientist to fall in love with cryptocurrencies.
As someone with no background in IT, I have a question, which may seem stupid: Why is it not possible to spend the whole mining-power in Boinc or some other scientific operation (brain-mapping, lattice gauge, clima) or some engineering-operations (simulation ...)?
Do you have scientist from berkely on board?
I like your idea. Great, I always wished someone will bring the power of the bitcoin netwoirk to a usefull purpose. I hope you succeed!
Your project could make a lot of scientist to fall in love with cryptocurrencies.
As someone with no background in IT, I have a question, which may seem stupid: Why is it not possible to spend the whole mining-power in Boinc or some other scientific operation (brain-mapping, lattice gauge, clima) or some engineering-operations (simulation ...)?
Do you have scientist from berkely on board?
November 11, 2013, 03:17:13 PM
When you bring your coins on the market, I will buy some
I like your idea. Great, I always wished someone will bring the power of the bitcoin netwoirk to a usefull purpose. I hope you succeed!
Your project could make a lot of scientist to fall in love with cryptocurrencies.
As someone with no background in IT, I have a question, which may seem stupid: Why is it not possible to spend the whole mining-power in Boinc or some other scientific operation (brain-mapping, lattice gauge, clima) or some engineering-operations (simulation ...)?
Do you have scientist from berkely on board?
I like your idea. Great, I always wished someone will bring the power of the bitcoin netwoirk to a usefull purpose. I hope you succeed!
Your project could make a lot of scientist to fall in love with cryptocurrencies.
As someone with no background in IT, I have a question, which may seem stupid: Why is it not possible to spend the whole mining-power in Boinc or some other scientific operation (brain-mapping, lattice gauge, clima) or some engineering-operations (simulation ...)?
Do you have scientist from berkely on board?
Jump to: