How would organizations benefit from the work in mining these kinds of coins? Are they submitting the tasks to the blockchain?
RE: Science focused digital currencies
You are viewing a single comment's thread from:
Science focused digital currencies
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
The distribution of GRC is based on how much work you volunteer to the BOINC network, where you can run a number of different projects. The organizations in itself has nothing to do with GRC and is fully decentralized. The network bases the daily distribution of coins on a factor of "Recent Average Credit" for each project. The organizations benefits from the work done to uphold the network.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Adding to @sc-steemit's answer - Organizations benefit from these science-focused cryptocurrencies as they drive new users to volunteer for these distributed computing projects.
Gridcoin for example has become the #1 BOINC team for active BOINC computation: http://boincstats.com/en/stats/-5/team/list/16/0#1
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit