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Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread - page 58. (Read 597505 times)

member
Activity: 81
Merit: 10
Great news for the Gridcoin community!
PiGrid shipped the first plug-n-play devices, that combine BOINC research with Gridcoin wallet features.

https://twitter.com/PiGrid_com/status/728485208492810241
full member
Activity: 131
Merit: 100
If a scientist or a commercial entity wants to get computational power from Gridcoin they will have to setup their own Boinc project, which then has to be vetted by the Gridcoin community and voted on for acceptance into the whitelist: http://gridcoin.us/Guides/whitelist.htm


Can someone explain me the economics of GRIDCOIN?

I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.

However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?



Thanks for your answer traderman but that does not explain what is the purpose of the coin? When some projects are in the whitelist and use the computational power, do they have to use Gridcoins ?

Sorry but it is still confuse for me even if this project seems really interesting.


It's free for science projects and for commercial projects there might be some kind of fee in the future, but that is still open.
legendary
Activity: 1260
Merit: 1001
Do some research on boinc and you'll understand.

If a scientist or a commercial entity wants to get computational power from Gridcoin they will have to setup their own Boinc project, which then has to be vetted by the Gridcoin community and voted on for acceptance into the whitelist: http://gridcoin.us/Guides/whitelist.htm


Can someone explain me the economics of GRIDCOIN?

I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.

However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?



Thanks for your answer traderman but that does not explain what is the purpose of the coin? When some projects are in the whitelist and use the computational power, do they have to use Gridcoins ?

Sorry but it is still confuse for me even if this project seems really interesting.

full member
Activity: 180
Merit: 100
If a scientist or a commercial entity wants to get computational power from Gridcoin they will have to setup their own Boinc project, which then has to be vetted by the Gridcoin community and voted on for acceptance into the whitelist: http://gridcoin.us/Guides/whitelist.htm


Can someone explain me the economics of GRIDCOIN?

I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.

However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?



Thanks for your answer traderman but that does not explain what is the purpose of the coin? When some projects are in the whitelist and use the computational power, do they have to use Gridcoins ?

Sorry but it is still confuse for me even if this project seems really interesting.
legendary
Activity: 1260
Merit: 1001
If a scientist or a commercial entity wants to get computational power from Gridcoin they will have to setup their own Boinc project, which then has to be vetted by the Gridcoin community and voted on for acceptance into the whitelist: http://gridcoin.us/Guides/whitelist.htm


Can someone explain me the economics of GRIDCOIN?

I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.

However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?


full member
Activity: 180
Merit: 100
Can someone explain me the economics of GRIDCOIN?

I do understand that miners use their calculating power to help scientific researches and then are rewarded with GRC.

However I don't understand how does it work on the customer side, if a lab need some computational power does he needs to pay the miners? Or he can use the miners for free?

full member
Activity: 131
Merit: 100
True, I'll let the person in charge of that blockexplorer know.
member
Activity: 122
Merit: 16
The block explorer (http://www.gridresearchcorp.com/gridcoin) seems to be stuck on block 523487.
full member
Activity: 190
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
bought some trying to get back to my wallet now


so downloaded the msi

wallet looks to have installed.

clicked the download blocks....went through all that

still say not synced and no blockchain downloaded?

It will be a lot quicker to sync if you use the snapshot... http://download.gridcoin.us/download/downloadstake/signed/snapshot.zip provided on the official Gridcoin site.

Once download just extract to the appropriate directory and it should sync the remaining blocks relatively quickly.
member
Activity: 122
Merit: 16
clicked the download blocks....went through all that

still say not synced and no blockchain downloaded?

Make sure you have connections to peers.
If so, just wait...sometimes it takes several hours to sync, after an initial install.
Patience is key here, even if it looks as the wallet doing nothing.

Cheers, djoser.

BTW: What the frog is going on with GRC/BTC price today??? Any obvious news i missed?
full member
Activity: 131
Merit: 100
can't help you right now as i have to leave, but come to https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin there is always someone around that can help you
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
bought some trying to get back to my wallet now


so downloaded the msi

wallet looks to have installed.

clicked the download blocks....went through all that

still say not synced and no blockchain downloaded?
newbie
Activity: 24
Merit: 0
Pump & Dump in progress..

hehe, i like this coin .. even shaking P&D  Cheesy
good news  Grin
full member
Activity: 177
Merit: 100
Pump & Dump in progress..
hero member
Activity: 505
Merit: 500
Hello everyone!

Here comes a probably stupid question:

Does the wallet needs to run on the same machine as boinc does?

Boinc runs on a win8.1 system and i would like to run the wallet on a separate ubuntu machine.

Any problems to expect?

Thanks and regards,
djoser.

yes. just add the same project you are crunching to boinc on your ubuntu maschine where your wallet is runing and click no new tasks for that project.
member
Activity: 122
Merit: 16
Hello everyone!

Here comes a probably stupid question:

Does the wallet needs to run on the same machine as boinc does?

Boinc runs on a win8.1 system and i would like to run the wallet on a separate ubuntu machine.

Any problems to expect?

Thanks and regards,
djoser.
full member
Activity: 131
Merit: 100
Gridcoin dessapear?
I try to research on BOINC, but i can't.
I stopped for 3 months, but when come back, don't exist any project.. :/
I have 4,8k gridcoins, another point is this coin falls..

Sorry my bad english..


No, it is very alive.
1300+ solo researchers (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard) and an additional 100 on the pool (http://pool.gridcoin.co/)

BOINC is also still running, it has been around since much longer than Gridcoin actually.

What is the problem with BOINC, do you not get any Work Units?
newbie
Activity: 3
Merit: 0
Gridcoin dessapear?
I try to research on BOINC, but i can't.
I stopped for 3 months, but when come back, don't exist any project.. :/
I have 4,8k gridcoins, another point is this coin falls..

Sorry my bad english..
legendary
Activity: 1260
Merit: 1001
Awesome, I can see the banner on top of Boincstats

We have a nice advertisement banner running on boincstats.com again.
Last time we advertised for a month we jumped from 500 to ~1400 active researchers. I am looking forward to see the number rising so fast again Smiley
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