BitShares Forum

Main => General Discussion => Topic started by: R on September 13, 2016, 09:25:21 pm

Title: Gridcoin
Post by: R on September 13, 2016, 09:25:21 pm

(https://i.imgur.com/25aWQoG.png)

Gridcoin was the first block chain protocol that delivered a working algorithm that equally rewards and cryptographically proves solving BOINC (Berkeley Open Infrastructure for Network Computing) hosted work, which can be virtually any kind of distributed computing process (ASIC/GPU/CPU/Sensor/Etc).

BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. It's free, and harnesses the unused clock cycles from processors and graphics cards to attempt to cure cancer/aids/ebola/malaria, map the milkyway, crack enigma codes, etc.. (Whitelist: https://www.gridcoin.us/Guides/whitelist.htm )

Gridcoin rewards BOINC computation using the Distributed Proof of Research (DPOR) reward mechanism, which is a combination of Proof of BOINC (POB) and Proof of Stake (POSv2).

Proof of Work (POW) consensus mechanisms are not utilised by the Gridcoin network, making the Gridcoin's consensus mechanism network far more energy efficient than existing POW cryptocurrencies.

Anyone can create a BOINC project & campaign to get whitelisted in the Gridcoin system. If you've got an idea for a distributed computing project, we can reward your users on your behalf. Gridcoin users have the capability to 'project-rain' onto projects as a form of tipping; project admins can easily distribute gridcoin rewards as a reward (or to facilitate a commercial BOINC project).

We've created an Marked Pegged Asset (MPA) on the Bitshares platform:
http://cryptofresh.com/a/GRIDCOIN

We're soon to have an OPEN.GRC (Openledger) to act as our bridge/gateway onto the Bitshares DEX!

Gridcoin links:
Forum: https://www.cryptocointalk.com/forum/464-gridcoin-grc/
IRC: freenode #gridcoin #gridcoin-otc #gridcoin-sweden #gridcoin-german #gridcoin-irpg #gridcoin-games
Site: https://www.gridcoin.us
Community Hangouts: https://soundcloud.com/gridcoin-community-hangouts
Slack: https://www.teamgridcoin.slack.com
Github: https://github.com/gridcoin/Gridcoin-Research
Reddit: https://www.reddit.com/r/gridcoin
Twitter: https://twitter.com/GridcoinNetwork
Wiki: http://wiki.gridcoin.us/Main_Page
Boincstats: http://boincstats.com/en/stats/-1/team/detail/118094994/overview
Gridresearchcorp: http://www.gridresearchcorp.com/gridcoin/
gridcoin.asia explorer: https://www.explorer.gridcoin.asia
Gridcoin pool: http://pool.gridcoin.co
grcnode: https://www.grcnode.co.uk

Thoughts on the price?

Title: Re: Gridcoin
Post by: R on September 13, 2016, 09:28:26 pm

A massive spike in trading activity occurred on 8th September 2016:

Coinmarketcap overview sorted by 24hr % change
(https://i.imgur.com/Vzca4bA.png)

Further Gridcoin analysis
(https://i.imgur.com/sMGGGFg.png)

• $625k 24hr trading volume! Usually GRC has a trading volume of a few thousand per day, this is a significant increase in daily trading!
• Poloniex appears to be the primary exchange where trading is occuring, however users are buying cheap coins off the less used exchanges (Bittrex/C-Cex).
• Only a couple days ago GRC had a market cap of approx $2 million, now it's sitting around $5 million. Cryptocurrencies are crazy volatile!

   
(https://i.imgur.com/gyC2ZMz.png)

There have only been two spikes like this in the history of Gridcoin (as you can see above), these are:

• Oct-Nov 2015: When we first advertised Gridcoin on Boincstats - we were recruiting 30-50+ users per day to team Gridcoin through a single month long advertising campaign.
• Approx 21st Mar 2016: When a Gridcoin reached the front page of reddit due to a /r/futurology post - it was quickly hidden from public view though by disgruntled /r/futurology mods.

So, these are exciting times! Let's hope this brings new users to both Gridcoin & BOINC!

Happy crunching,
CM!

Title: Re: Gridcoin
Post by: R on September 13, 2016, 09:38:35 pm

It'll be interesting to find out how 'Project Rain' impacts both participation in BOINC volunteer computing and the price of Gridcoin: https://bitsharestalk.org/index.php/topic,23302.0.html

Like if I was to rain an asset across 10 different cryptocurrency platforms, that'd surely draw some attention eh?

Title: Re: Gridcoin
Post by: R on September 18, 2016, 02:40:39 am

Looks like another scientific cryptocurrency rally is occuring again!

(https://i.imgur.com/LrEBkz1.png)

(https://i.imgur.com/bMnPcD5.png)

Title: Re: Gridcoin
Post by: TraderDude on October 12, 2016, 10:09:44 pm

We need to get some volume going on open.grc on OpenLedger.

Title: Re: Gridcoin
Post by: R on October 23, 2016, 06:04:32 pm

Open.GRC:BTS - https://cryptofresh.com/a/OPEN.GRC_BTS
Open.GRC:Open.SBD - https://cryptofresh.com/a/OPEN.GRC_OPEN.SBD
Open.GRC:Obits - https://cryptofresh.com/a/OPEN.GRC_OBITS
Open.GRC:Open.Heat - https://cryptofresh.com/a/OPEN.GRC_OPEN.HEAT
Open.GRC:BlockPay - https://cryptofresh.com/a/OPEN.GRC_BLOCKPAY
Open.GRC:Open.Steem - https://cryptofresh.com/a/OPEN.GRC_OPEN.STEEM
Open.GRC:ICOO - https://cryptofresh.com/a/OPEN.GRC_ICOO
Open.GRC:Open.ETH - https://cryptofresh.com/a/OPEN.GRC_OPEN.ETH
Open.GRC:GBP - https://cryptofresh.com/a/OPEN.GRC_GBP
Open.GRC:USD - https://cryptofresh.com/a/OPEN.GRC_USD
Open.GRC:CNY - https://cryptofresh.com/a/OPEN.GRC_CNY

Title: Re: Gridcoin
Post by: R on October 29, 2016, 11:53:47 am

Help brainstorm new BOINC projects! https://steemit.com/gridcoin/@cm-steem/brainstorming-new-boinc-projects