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I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1300 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1300 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
Re: no intresting Alt Coin new project round the corner????
This sounds interesting: http://golemproject.net/
It is a project that allows to distribute all kind of computing work among home PC and the owners of these PCs then get paid with Ethereum according to the work they have done (eg. rendering videos, datamining or other computing intensive tasks,...)
It is a project that allows to distribute all kind of computing work among home PC and the owners of these PCs then get paid with Ethereum according to the work they have done (eg. rendering videos, datamining or other computing intensive tasks,...)
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin, setting up mining by running research simulations though BOINC is not an easy thing to do when solo-mining, but the good thing is a really great community emerged from that: https://cryptocointalk.com/forum/464-gridcoin-grc/
And now with the pool it's also much easier to start mining/researching for newcomers.
And now with the pool it's also much easier to start mining/researching for newcomers.
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I've been reading through this forums for the past few weeks and all I see is "this coin is dead" or "everything is a shit coin". Is there any alt coin with potential to invest in or is it only bitcoin? I don't mean like a few here and there, I mean over 100 coins.
There is no really an altcoin with a great potential, like Ethereum, at one time, everyone said that it would exceed the Bitcoin, but a lot of them have left it after price decrease.But you can always look for new cryptocurrencies in which to invest.
I would focus on altcoins that actually offer something new technologically that makes sense (not just technology for technology's sake). Because of this I would suggest Gridcoin and its Proof of Research, rewarding scientific computing for BOINC (folding proteins, simulating the human brain....) in a decentralized way on top of Proof of Stake.
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
It replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can be seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
The network is secured with Proof of Stake, but there is an additional (much bigger) reward depending on how much research the boinc account associated with the staking node has done.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 1100 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Have you looked into Gridcoin before?
It uses Proof of Research on top of Proof of Stake, which means that the amount of coins you mine depends on how much you research/simulations you do for BOINC. BOINC is a grid-computing platform, that runs all kind of simulations/research programs, in terms of AI for example MindModelling@home, the goal of which is to simulate the human brain: https://mindmodeling.org/
So mining literally consists of simulating the human brain. In contrast to for example curecoin this whole mining by researching also happens in a decentralized way, there is no central server given out the coins, but it is build on top of Proof of stake and a so called "neural network", in which all Gridcoin nodes come to a conclusion which researcher has done how much research.
The second coolest project imo is Gridcoin Finance, that uses AI/machine learning/simulations distributed over the BOINC platform to find out which options to invest in in the stock market. (https://cryptocointalk.com/topic/11357-gridcoin-finance-project/). This is a project that is also already running and not just an idea.
Check the gridocin forum for more information: https://cryptocointalk.com/forum/464-gridcoin-grc/
edit: also Gridcoin is currently looking for a second dev, so if you can program and would like to participate, please let me know
It uses Proof of Research on top of Proof of Stake, which means that the amount of coins you mine depends on how much you research/simulations you do for BOINC. BOINC is a grid-computing platform, that runs all kind of simulations/research programs, in terms of AI for example MindModelling@home, the goal of which is to simulate the human brain: https://mindmodeling.org/
So mining literally consists of simulating the human brain. In contrast to for example curecoin this whole mining by researching also happens in a decentralized way, there is no central server given out the coins, but it is build on top of Proof of stake and a so called "neural network", in which all Gridcoin nodes come to a conclusion which researcher has done how much research.
The second coolest project imo is Gridcoin Finance, that uses AI/machine learning/simulations distributed over the BOINC platform to find out which options to invest in in the stock market. (https://cryptocointalk.com/topic/11357-gridcoin-finance-project/). This is a project that is also already running and not just an idea.
Check the gridocin forum for more information: https://cryptocointalk.com/forum/464-gridcoin-grc/
edit: also Gridcoin is currently looking for a second dev, so if you can program and would like to participate, please let me know
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there. It's idea is brilliant but also easy to understand for people not in crypto before, see for example this thread that was on the frontpage of reddit: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/t1_d16hch5
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). This process is decentralized among all nodes, there is no central server issuing all coins like it is for example the case with Curecoin. In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there.
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
The fact that the BU credits eclipse the rest of the projects has no bearing on the rewards!!! Gridcoin accounts for the difference, BU miners get the same share of the daily mint as the rest of the 34 whitelisted Boinc projects by Gridcoin.
Thanks for the explanation. Is there a decent info-graphic that shows how this works? I think it would really help bring the complexity down to earth for the "casual cruncher".
It is rather easy: Each day each project gets ~1470 Gridcoins paid out to it's researchers/miners.
How much coins you get for a single project depends on your percentage of the whole RAC in this project in team Gridcoin.
What you earn in total is the sum over all projects.
Because of this projects that give out RAC easier do not have any advantage over other projects.
I also agree with Scaletrix, the Gridcoin community is great, it's only very underrepresented here on bitcointalk, as the main forum is somewhere else: https://cryptocointalk.com/forum/464-gridcoin-grc/
I invested in curecoin and then found out about gridcoin. Both are "help the medical world" coins. Which one has better LONG term prospects and why? Are there other coins in this sphere?
GridCoin has a large community with a diverse mix of projects, but it has some exploits in its history, and overall output of the BOINC network in terms of PetaFLOPs is about half that of Folding@Home. BOINC projects are hard to value. People are crunching 10x more RAC on MilkyWay than Rosetta@Home. It becomes a question of priorities. But certainly they have a larger platform to experiment on, like their Neural Network statistics server and the finance project they experimented with. Perhaps what makes GridCoin somewhat confusing to me (and I mine and hold it) is the eccentric relationship with bitcoin utopia whose RAC on the Gridcoin network exceeds the TOTAL out of the network by a factor of 40! I think you have a slight missunderstanding how Gridcoin rewards work, Bitcoin Utopia does not pay out more Gridcoins than any other project. Each project pays out exactly the same amount of coins, independent of how easy it is to get RAC in each project. How many coins you get depends on (your RAC/sum of all RAC in this projet in team gridcoin).
So Bitcoin Utopia does not "produce" any more coins than any other project.
As you can already imagine, I have a very strong preference towards Gridcoin, as it is the only decentralized coin out of the three, which is a must for any cryptocurrency.
This was technically very hard to pull off, but it works and now with the recent addition of the pool (pool.gridcoin.co) it has also become easy for newcomers to mine/research. Gridcoin also works for many projects and not only a single project.
Another big advantage is the possibility for custom projects, which does not exist for the other coins. It is possible to create commercial projects, for example for stock trading, machine learning, data mining,... that uses the computational power of the Gridcoin network for free (it's a whitelisted BOINC project basically) and for this has to so something in order to stay whitelisted, for example buy coins on the markets and send them to a burn address.
This would truly raise the value of Gridcoin and also makes sense for the commercial application, as the computing power is still much cheaper than commercial servers. This is where I see the true potential of Gridcoin. But a fixed amount (say 80%+ of all computing power in team Gridcoin should always go to science for free).
edit: The reason why I think these "science coins" will become much more valuable is that it is very easy to convince people not in crypto before how good of an idea they are, see for example here: https://www.reddit.com/r/Futurology/comments/4b4drk/a_currency_minted_by_doing_science/
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there.
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there.
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has more than 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
I would pick Gridcoin (GRC), as it is one of the more interesting coins out there.
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has almost 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin
Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/).
From a user's point of view, he simply has to run simulations from the different projects using the BOINC software (http://boinc.berkeley.edu/). Then the network comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.
Setting it all up has been quite complicated in the past, but the pool on pool.gridcoin.co has made alle this easier and already has almost 800 active miners/researchers (http://pool.gridcoin.co/rankings)
I also has very active development, here is the main forum: https://cryptocointalk.com/forum/464-gridcoin-grc/
More information and tutorial to set it up here: www.gridcoin.us
If you are interested visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin