Hello, everyone and happy new year!
All of us saw saw the great leap in all crypto currencies during the last year. Some of them being greater, some of them being smaller ones. Bitcoin reached its highest price mark at 10,000 USD, and very soon we saw it selling at about 16,000-17,000 USD. Now being at 13,500 USD it is somewhat in a rest, but surely will continue its "blooming". Anyway, I want to focus my attention to another crypto currency, which is very far away from the Bitcoin and its market cap, but improved a lot during the last 2 months or so...
Here is the GridCoin!
GridCoin is a decentralized open source cryptocurrency, which rewards volunteer computing and uses the BOINC software to help various projects. Its different from the other cryptocurrencies, because the whole idea is different, and you know, that all of your sources are in favor of science.
I myself mine Gridcoin by a third site (EOBOT) and now posses about 100 GRC. Two months ago, I decided to invest some of my fund in GRC, and so far this was very profitable. The price of the coin now is 0,14 USD, but compared to about 2 months ago, it DID make a huge price improvement, starting at 0,037 USD, which makes about 375% price growth.
It's listed at about #210 cryptocurrency, by means of market cap, but I think it will see a lot of improvement. Who knows... it may soon reach 0,5$, or even 1$ of worth. Crypto market these days is very unpredictable, and no one knows how fast will it improve, or will collapse. I strongly believe, that the new 2018 year will be even better for the crypto currency world, compared to the old 2017, but only time will tell.
Please, leave your comments and your thoughts about the GridCoin, or the crypto world at all. I will be very happy to hear your opinion. Please upvote this post, and follow me on Steemit.
Sources used:
gridcoin.us
coinmarketcap.com
Nice post. I had posts about Gridcoin mining, if you are interested I can find them, may be it will be more profitable than with EOBOT.
And today I just invested in Gridcoin a bit, bought it on Bittrex
https://steemit.com/gridcoin/@flodner/back-to-gridcoin-in-2018
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Hello, i would like to point out that a practical, widespread and usable crypto currency needs to fulfill 3 criteria:
1.) Low transaction cost - e.g. to buy a pizza without large addition costs
2.) Stable curency - e.g. if you sell the pizza you want to be sure that the currency is stable for the next days.
3.) Fast transaction - both people in the pizza place do not want to wait log to perform the exchange (pizza vs. currency)
I think Bitcoin does not fulfill most of the criteria today. However, we gridcoiners should not hope for an infinite rise, but rather focus on a reliable currency.
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wow, I love this and I don't wanna miss out. So, how will I go about it?
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you can start earning/mining grid coin by downloading boinc from https://boinc.berkeley.edu , then sign up to grc pool https://www.grcpool.com and configure your boinc client with your GRC account and then add a project ,you can install this client on multiple devices . this will get you started , you can also gain free gridcoins from this site here https://gridcoinstats.eu/faucet.php .
grid coin can also be purchased from https://bittrex.com/Market/?MarketName=BTC-GRC
you will also need a gridcoin wallet which you can get here https://www.gridcoin.us
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I also just wrote an article on how to start this :) https://steemit.com/cryptocurrency/@danielmbutler/how-to-start-earning-gridcoin-with-grc-pool
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