I'm still not 100% sure how I came across Gridcoin but it was while struggling to get a Monero node operational. Whilst furiously Googling to figure out why the damn blockchain wouldn't sync I stumbled upon a reference to Gridcoin. "What is this?" I thought to myself. Further investigation led me to http://www.gridcoin.us/ where I learned that I could harness my idle computing power (meager as it was) to solve infinitely complex mathematical problems or calculating asteroid trajectories or even deciphering alien communications (I believe in you SETI).
I was at a crossroads. My eight CPU and one antiquated GPU rig could run 24/7 trying to be the first to find a Monero block (estimated time 552 days), or I could do my bit for science and a better future by "mining" Gridcoin. My first thought was to hedge my bets. I would run them concurrently and see what was what. I joined Team Gridcoin and set my hardware to work, only to find an estimated haul per day of 0.1 GRC. This was disheartening to say the least. Surely my hardware wasn't THAT bad? I hit the Steemit groups and found the #Gridcoin community where I ran into @dutch who assured me that my RAC and magnitude would grow over time. And it did. My operation has been running for about two weeks now and I've just broken the 1 GRC per day threshold. I doubt it's even halfway covering the electricity bill but in this time where science is under attack and a disheartening number of people still believe the Earth is flat I want to do as much as I can to help. My system now exclusively runs BOINC as much of the day as possible.
I've earned about 10 GRC so far pool mining through GRCpool and as soon as I hit a hundred I will try my hand at solo mining and staking. Hopefully the new GPU I'm getting in October will boost capacity significantly.
Until then I will do what I can with what I have to keep the darkness at bay for just a little while longer.
Hi @rahvin84, honestly i dont know if its the best idea ever to try to solo mine with 100 GRC. The reward for the research you are doing gets paid out together with the stake when you are staking. I currently have in my wallet something like 200 GRC and it say to me that iam staking in like 770 days.
Did you change the projects to cosmology@home ? this makes sense because in this project you can have a quite high mag with a lower grade CPU. Iam just asking because in the pool it seems you have researched SETI :) LHC@home is a solid project for an older CPU as well.
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Your estimated staking time is only taking into account POS staking rate, and therefore does not account for your magnitude. If you are contributing to research, your stake time is much less than the estimate.
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I've got just over 1k in my wallet and I will say that I'm not too sure how accurate the estimated staking time is. I've consistently had an estimated staking time of 150 days, yet for the past two weeks I've been staking about every 2-4 days. That being said I would agree that 100 GRC is probably too little to be able to stake with within the 6 month reward window.
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That is because the stake time estimate is for POS staking. If your mag is above zero, each mag unit will further reduce the time to stake (by increasing your chance to stake).
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Hmmm... Sounds like I'd better stick to pool for now then... Although 1000 GRC is about $35 at the moment? Might be worth investing in to get the ball rolling
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yep not too big an invest to get solo, iam thinking about the same since a few days. If it only would be easier to purchase ... but buying Bitcoins then going to an exchange to get Gridcoin is at least here in Germany not the most easiest task accomplished in 2 seconds ..
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I have the same issue from South Africa. I have to jump through all sorts of hoops just to get my fiat into crypto. Even buying Bitcoin is a mission from here.
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If it is only to aqcuire Gridcoin, I'd be happy to help. Just give me your email, and we can talk!
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I managed to find a local exchange where I can buy Bitcoin with my cheque account so I'm sorted, but thanks for the offer!
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Anytime! Welcome to Gridcoin! :)
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Hey @jedigeiss Hmmm... I'm still learning and thought I'd give it a bash to see what the difference is between solo and pool mining. I read somewhere that GRCpool 2 (which I'm in) takes 20% of the rewards.
I was running LHC, SETI and NFS but they seemed to be out of work and then added Cosmology and Asteroids yesterday. I found SETI liked my GPU so far, while NFS and LHC were also giving me good returns on the CPU's. What projects would you recommend?
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This is incorrect. GRC pool actually takes 0% of your earnings, and you pay a very small fee when you withdraw anything. The pool has entirely open financials, so you can see exactly what the pool is earning. It is phenomenally little.
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I am misinformed then. Thanks @dutch for clearing that up
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Yeah iam mining with the tool for quite a time ( you can even see me in the magnitude report) and I never had the feeling I get robbed ;)
Quite the contrary whoever maintains that pool is doing the hell of a job, a lot of features have already been added while iam there. Keep up the good work !
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No worries at all! =)
There is a lot of misinformation floating around.
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well actually this depends on what you really got under the hood.
There are some rules that apply while selecting a project (grcpool has an own page for that somewhere)
you can see a lot of this information and even a lot more on Gridcoinstats
what you also can see on this page is the max RAC for different kinds of CPUS, this is on the site for each project, so you can determine what your CPU may be up to in the end.
what i also use as an info is the whitelisted projects where you can see all the projects with all the possible crunchers and you can identify easily which ones NOT to do with a CPU :)
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I will definitely check this out. I read Amicable Numbers is a good one to assign a GPU to but for some reason I'm not getting any jobs from them... Thanks for the tips!
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Thanks for posting very interesting
I wish you all the best with the future solo mining
Keep it up
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Welcome to Gridcoin community, post an address and Ill help you with some stake
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Thank you. It seems like a great community to be a part of! My wallet address is Ry67c2kyMEPCXubmwVoawaVz63B8TWZURx
I'm having some trouble with my Gridcoinresearch client at the moment though. Ever since the mandatory update it kept crashing. Uninstalled and tried to reinstall from a fresh download but still giving drama.
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Hi, I started mining at about the same time as you did. What CPU and GPU are you crunching on and what GPU are you going to get in October? Are you running at 100% or at lower percentages?
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i got an old 7870 XT featuring the Tahiti LE chip, this baby is doing the hell of a job on milkyway@home for instance because of the double-precision FP speed
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Hi @applepiie. I have a 7 year old Core i7 with 8 cpu's and a Nvidia GTS 450. I'm hoping to get a Radeon R9 380P 4GB that should be light years ahead of what I have at the moment. What do you have and what returns are you seeing?
*edit I run at 100% when I'm not gaming (which is probably 90% of the day 24/7)
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I run an i5-7600K at 4.4GHz (4 Cores) and an Nvidia GTX 1060 3Gb. I got both of them for a decent prize and wanted to upgrade my system anyways. I ran them for the past ~20 days constantly at 100% and make now about 13.3 GRC per day, or 75 Mag.
I actually wanted to use my computer otherwise as well, but I don't have the time at the moment, since I am writing my exams about the past year and should really study instead of having fun with my computer 😅
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Hehehe... feel you. Who wants to study when there's fun to be had on the computer!?
I think your 75Mag is mostly due to your GPU. Like I said, mine is ancient (7 years old) and only has 1GB of onboard RAM. I suspect system RAM also makes a difference as I see messages that projects are waiting for memory quite often. I think I will boost that too when I get the GPU in October.
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If you have an android smartphone or tablet it may be worth running boinc on that as well.
You can set it to only run when it is on charge and the battery is 100% so it can give you a nice little boost to you RAC and Mag.
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That's actually a great idea. I have an old tablet lying in a drawer that we never use. It will have a purpose again!
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This post has received a 0.38 % upvote from @bellyrub thanks to: @rahvin84.
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This post has received a 0.90 % upvote from @booster thanks to: @rahvin84.
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1 GRC/day?!?
I run old AMD R9270x gpus and FX6300 cpu and get this:
My Gridcoin wallet is still broken:
Client Messages: "Stake Weight 10049532; Searching for coins Out of Sync"
I have no idea, how to fix this: deleted grc files from AppData folder, downloaded blockchain again... nothing!
So, I think, I'm done with Gridcoin... sell my little bit (11 k) and run BOINC just for fun :)
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I can hardly read your picture. What am I looking at?
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Try syncing the wallet? Download the snapshot and leave it overnight, should be done by morning.
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Have a nice flag
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Would you like to be flagged again?
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it may be just a UI bug, see this
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Thank You, Erkan!
That is exactly the bug, I'm telling abot!
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If you are in it for the profitability then why on earth are you using NiceHash?
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I'm not an active miner in these days, just have some old hardware from 2014 crypto boom to play.
NH gives you comparison moment how much you can earn, if you are really, really lazy :D
BTW my GRC rsa report: (10 cores FX6300 + some time of 280x/270x gpu work)
CPID Lifetime Interest Paid" : 6.81000000,
CPID Lifetime Research Paid" : 186.80000000,
CPID Lifetime Avg Magnitude" : 28.30188679,
CPID Lifetime Payments Per Day" : 4.11863239,
It's REALLY bad result... 4 x 0,04 = 0,16 $/day
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This post has received a 7.41 % upvote from @lovejuice thanks to: @rahvin84. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!
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This post received a 4.6% upvote from @randowhale thanks to @rahvin84! For more information, click here!
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