RE: OK, ready to start (I think) :-)))

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OK, ready to start (I think) :-)))

in gridcoin •  7 years ago 

The strength of your computers doesn't matter in going solo, only your balance (aka stake) matters.

When you are solo, the higher your balance, the more often you get your research rewards and the research rewards are saved for upto 6 months. As long as your balance is high enough to stake within six months you will end up getting the same research reward.

The pool is just a way to guarantee you get regular payouts when you are starting out with a low balance at the expense of your voting rights and the ability to fine tune your crunching. You are basically working for the pool owners who then pays you your research rewards out of the pooled earnings.

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"The strength of your computers doesn't matter in going solo, only your balance (aka stake) matters."

Interesting, thanks. I have yet to learn the 'stacking' part. Better GPU's/CPU's are yielding better rewards, correct?

Yes the more research you do the higher your rewards are, however the Gridcoin blockchain is secured using Proof of Stake (PoS).

In simplified terms PoS means each wallet address that is online has a chance to create (stake) each block, the probability of an address staking a block is decided by the balance each address holds.

A block contains a set of transaction data for the network and is permanantly set in the blockchain.

When you stake a block one of the transactions created is the addition of your outstanding research rewards to your balance.

Because you only get your research rewards when you stake a block, you either need a decent balance yourself (solo) or you pool your balance with other people so you get regular payouts (pool).

I see, good to know, thanks