Post
Topic
Board Announcements (Altcoins)
Re: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread
by
RTMoney
on 17/10/2014, 16:22:30 UTC
For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC  so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
My wallet says "not mining" and it's not true neither...

Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.
What?? We need PoS for PoR?? It's a joke or I havn't understood? We must buy the coins first to earn them later for scientific computations we do with our hardware and our electricity? The difference between PoS and PoR was clear but now it's not.

There are two block chains.  Gridcoin-Classic and Gridcoin-Research.  Both are currently live and will run side by side for the next 6 months.  It may be helpful for you to read the wiki:

http://wiki.gridcoin.us


Be sure to click through and read the sub pages paying special attention to the Proof-of-Research, Events and the FAQ.  It is still a work in progress but that is currently the best resource for up to date information regarding Gridcoin right now.