RE: Why I Only 'Mine' Gridcoin, and My Unusual ~200 TFLOPS Mining Setup

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Why I Only 'Mine' Gridcoin, and My Unusual ~200 TFLOPS Mining Setup

in gridcoin •  7 years ago 

So all the for about $24/day? Do you have strong beliefs it will go up a lot? I'm running on one old PC, and getting about 2, using the GRCPool, and getting less then .3 GRC per day.

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  ·  7 years ago (edited)

Yes, although the price has actually gone up 10% since yesterday. =)

I have strong beliefs:

  • In the vision of Gridcoin, and what is it achieving for the scientific community
  • That the coin will increase significantly in price in the near future
  • That I would still be doing this even if there was no GRC on offer

How long have you been with the pool? It takes just over a month for your magnitude, RAC, and thus daily GRC mint to peak.

Looks like 19 days where everything was working. Had one issue where it was down for a week or so, and I didn't notice. I'll keep watching with interest. I don't really mind running it anyway, except this old computer is my bedroom and make a wee bit of noise.

  ·  7 years ago (edited)

People in the BOINC community are running far more powerful setups, completely for free (i.e. they haven't joined Gridcoin yet). There are 500k active BOINC crunchers and over 4.3 million registered BOINC users. So yes, there is a lot of room for growth. Not to mention that, for the general population, the idea of computing for science is far more understandable and fascinating than repetitive Proof-of-Work hashing (which has zero benefits except securing the blockchain and is therefore difficult to understand for non-crypto people).

The aspect of doing something positive through science for humanity will hoodwink the kindhearted, the reward aspect is a catchy phrase which gives you a "hard-on" for everything Gridcoin | ; )