Hey Gridcoin-Folks,

today, Gridcoin reaches the lowest reward phase with the last reduction of block rewards. The protocol will stay at this level regardless of new and growing BOINC users.

Proof-of-Research consists for one part of Proof-of-Stake paying interest to stakeholders for securing the blockchain and for the other part of Proof-of-BOINC with a block subsidy paid towards active research participants. A comparison of those different proof mechanisms was done by user RTM: https://www.youtube.com/watch?v=SSg2Dt61DQs

At this stage, the Max Block Subsidy is reduced from 75 to 50 GRC.
Interest on positive balances is reduced from 3.0 percentage points to 1.5 percentage points per year.

For details and examples on reward calculation go to
http://wiki.gridcoin.us/Proof-of-Research

As of now, Gridcoin has a working "Research Age" feature which is able to support hundreds of thousands of researchers without mining losses. One month ago, Robert Halford introduced this new feature in a screencast:
https://www.youtube.com/watch?v=_c2V_5t04lg

Discussion: https://www.reddit.com/r/CryptoCurrency/comments/3tknur/today_gridcoin_reward_reduction_reached_lowest/

Regards,
Uscore

birthday summary: https://bitcointalk.org/index.php?topic=1210225

Today is Gridcoin's 2nd birthday (October 16th)! Parteey
https://twitter.com/GRCgermany/status/655032817001353217

lol, we will try harder next time. it is a complex story to tell

most successful = most useful
http://i.imgur.com/Uzmtyab.png
http://pigrid.com/kickstarter

we received many upvotes at /r/dogecoin
and got an evolving discussion at /r/pcmasterrace
If you find some time to help explain Gridcoin, join in: cryptocointalk.com/topic

there were a lot of things happening:

Press Release: PiGrid - get rewarded for helping research projects at home

Researchers already have technologies that can help in the fight against climate change and diseases.
Yet, those technologies often depend on large computational ressources for simulation and validation.
Now, a combination of innovations allows to incentivize progress.

In citizen science projects, each individual can volunteer to help.
By devoting spare computing time to research groups everyone could "recycle" idle working time of any computing device for a good cause.
BOINC[1] is a scientific network that has a paramount solution to manage the needed logistics:
it distributes small work units to participating computers for calculation and collects their results later while maintaining scalability.
On top of that, another innovation, Gridcoin[2], is able to reward participation in the BOINC network.
Gridcoin uses a blockchain algorithm to achieve fast and secure payments in a global, energy-efficient network.
While Bitcoin was consuming more than 15 Million US-Dollar in electricity each day[3], Gridcoin is able to strip energy waste and
dedicate 98% of globally networked ressources to scientific tasks.
This became possible by utilizing self-organizing properties of Bitcoin, asymmetric cryptography of Blackcoin[4] and
Gridcoins advanced blockchain concepts in "proof-of-research".

Still, a remaining problem is user adoption. The setup of Gridcoin combined with BOINC is time consuming and tricky.
This bars novices from easy access. In order to provide end users with a plug-n-play solution, PiGrid[5] has developed open-source software
that works out of the box and takes care of all related configurations and updates.
PiGrid can be used on existing hardware or bundled with pre-installed systems.
A graphical user interface allows choice of research projects via drag-and-drop, monitoring of progress and tracking rewards in Gridcoin.
The first generation of PiGrid solutions will be crowdfunded in this Kickstarter: http://pigrid.com/kickstarter

Below is a list of links for background information.
- short introduction to Gridcoin: uscore.net
- overview of BOINC: boinc.berkeley.edu
- developer board of Gridcoin: Developer board
- twitter: @PiGrid_com
- Gridcoin documentation: gridcoin.us

We'd be glad to hear whether you consider to mention PiGrid in any news coverage.
In case of specific questions, we are happy to answer your mail to press@pigrid.com.
Thank you for your time!

[Gridcoin Member], in help for PiGrid

____________________
[1]: http://boinc.berkeley.edu
[2]: http://gridcoin.us
[3]: http://www.forbes.com/sites/timworstall/2013/12/03/fascinating-number-bitcoin-mining-uses-15-millions-worth-of-electricity-every-day
[4]: http://blackcoin.co
[5]: http://pigrid.com

Comic campaign - Inherently useful mining: beneficial, efficient, Gridcoin
https://twitter.com/GRCgermany/status/652542875025149952

please support Gridcoin via upvotes:
https://bitcointalk.org/index.php?topic=1204579

comic strip: https://twitter.com/GRCgermany/status/652542875025149952

join discussion: https://cryptocointalk.com/topic/41873-press-release-for-pigrid-campaign/

a coin has to have intrinsic value, so each block represents a portion of a higher goal, i.e. scientific calculations: http://imgur.com/12gxxps

GRC arrived at the millionaires: http://coinmarketcap.com/currencies/gridcoin/
askscience should have a reddit rampage: https://www.reddit.com/r/AskScienceDiscussion/comments/3ng4jc/what_is_citizen_science_exactly_and_how_can_i/

Gridcoin is the most undervalued next-generation blockchain out there...

Radical Innovation - Sustainable Cryptocurrency for Scientific Progress
http://imgur.com/12gxxps

https://www.reddit.com/r/CryptoCurrency/comments/3nddvg/radical_innovation_sustainable_cryptocurrency_for/

PiGrid - get rewarded for helping research projects at home

Researchers already have technologies that can help in the fight against climate change and diseases.
Yet, those technologies often depend on large computational ressources for simulation and validation.
Now, a combination of innovations allows to incentivize progress.

In citizen science projects, each individual can volunteer to help.
By devoting spare computing time to research groups everyone could "recycle" idle working time of any computing device for a good cause.
BOINC[1] is a scientific network that has a paramount solution to manage the needed logistics:
it distributes small work units to participating computers for calculation and collects their results later while maintaining scalability.
On top of that, another innovation, Gridcoin[2], is able to reward participation in the BOINC network.
Gridcoin uses a blockchain algorithm to achieve fast and secure payments in a global, energy-efficient network.
While Bitcoin was consuming more than 15 Million US-Dollar in electricity each day[3], Gridcoin is able to strip energy waste and
dedicate 98% of globally networked ressources to scientific tasks.
This became possible by utilizing self-organizing properties of Bitcoin, asymmetric cryptography of Blackcoin[4] and
Gridcoins advanced blockchain concepts in "proof-of-research".

Still, a remaining problem is user adoption. The setup of Gridcoin combined with BOINC is time consuming and tricky.
This bars novices from easy access. In order to provide end users with a plug-n-play solution, PiGrid[5] has developed open-source software
that works out of the box and takes care of all related configurations and updates.
PiGrid can be used on existing hardware or bundled with pre-installed systems.
A graphical user interface allows choice of research projects via drag-and-drop, monitoring of progress and tracking rewards in Gridcoin.
The first generation of PiGrid solutions will be crowdfunded in this Kickstarter: http://pigrid.com/kickstarter

Below is a list of links for background information.
- short introduction to Gridcoin: http://uscore.net
- overview of BOINC: https://boinc.berkeley.edu/trac/wiki/BoincIntro
- developer board of Gridcoin: https://cryptocointalk.com/forum/464-gridcoin-grc
- twitter: https://twitter.com/PiGrid_com
- Gridcoin documentation: http://wiki.gridcoin.us

We'd be glad to hear whether you consider to mention PiGrid in any news coverage.
In case of specific questions, we are happy to answer your mail to press@pigrid.com.
Thank you for your time!

Regards, PiGrid

____________________
[1]: http://boinc.berkeley.edu
[2]: http://gridcoin.us
[3]: http://www.forbes.com/sites/timworstall/2013/12/03/fascinating-number-bitcoin-mining-uses-15-millions-worth-of-electricity-every-day
[4]: http://blackcoin.co
[5]: http://pigrid.com




please retweet: https://twitter.com/GRCgermany/status/650390727583772672

or like it: https://www.facebook.com/gridcoins/posts/617848905022063

the network should have inherent value in it self. Each new block should not only represent an amount of wasted electricity, but also equal an amount of research that took place, like in Gridcoin (hey, they are hot and bring relevant changes into the crypto space, see for instance http://pigrid.com )

science, progress, http://pigrid.com/kickstarter

Besides, Robert Halford has accumulated quite a record in the past 24 months:
his effort is relentless, all the while he is responsive to input.
moreover, innovation cycles are short, some days there were multiple updates to the codebase.
Gridcoin is rising

boincstats - Number of active members: 708
get a kickstart, become active: http://pigrid.com/kickstarter

lol, would love to see this happen, did you shout out already?

yeah, new growth potential!
we included this call to action in the wiki: http://wiki.gridcoin.us/Get_some_coins