After spending some time investigating cryptocurrencies, I decided the best for me is to mine Gridcoin (GRC). I have a low cost gaming laptop, I mostly wanted a good CPU and enough RAM but I also got 2 GPU units (Intel and Nvidia). As I am not a gamer, I decided to find a use for this sleeping Nvidia card.
But first, let's have a look at Bitcoin. Mining Bitcoin means solving "arbitrary" SHA-256 cryptographic hashes, which results in correlating the currency with electricity consumption (when using the proper equipment: Bitcoin ASIC).
On the opposite, mining Gridcoin does not require any specific hardware, the CPU and GPU of a normal computer will do and it helps the scientific community by providing them computing power. Crunching to search for new prime numbers, new amicable pairs of numbers, or even for pulsars in the universe is quite exciting and the potential outcome of such projects has a higher value than pure electricity consumption. It makes more sense to me.
You can find a list of the projects here and start mining installing the BOINC client! :) If you want to buy, check the curves and invest.
Congratulations with your first post @kevinbouge and welcome to Gridcoin with the best community on Steemit.
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Thanks, I did not know gridcoin fans are so active here :)
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Welcome ...
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Thank you very much :)
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Anyone using a PoW is commiting a huge waste of resources.
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Girdcoin uses distributed Proof-of-Research (dPoR), a mechanism that combines Proof of Stake and the Proof of Work done towards BOINC.
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No. Gridcoin does not use anything similar to PoW. Gridcoin secures the blockchain with PoS and distributes most of the money with PoR . Everyone could stop computing for Boinc and the blockchain would be still perfectly usable as computing with Boinc doesnt help secure the blockchain.
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