Post
Topic
Board Announcements (Altcoins)
Re: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread
by
cyberspacemonkey
on 21/10/2015, 03:47:47 UTC
To start Gridcoin mining, in theory 1 GRC is enough. The more you have, the FASTER you will stake your first block. The amount of GRC staking/being in your walllet has no effect on the amount of mined GRC by research.

@ Amazing: What you can do is encrypt your walllet and unlock it for staking only. Then it can't send more beacons. Usually it should stop sending beacons once you are in the superblock.
It is normal that the GRC Adress field is not populated in the execute beaconreport until your first reward AFAIK.

Whats your CPID? I am curious whether we have an issue here or whether you just need patience Smiley I suppose its the latter. Be patient the first GRC will come in soon! Also: Don't expect payments every day if your balance is quite low as well as your magnitude. But remember, we have a lookback period so if you stake one block in 6 months you will be fully paid for all research done within the last 6 months. Smiley



How long does the magnitude take to update after I deposit balance to my wallet? is it 24 hours?  Huh

I have 2000 GRC in my wallet and saw two Beacons going out for 0.0011 but my magnitude is still showing 0.00

Depending on the projects you participate its possible that your magnitude will stay very low. Whats your CPID and which projects are you researching for?
Well within 24 hours you should definetely be included in the superblock.

My magnitude right now is 46 how long before I receive the first payment?