Boinc is running, although I'm still scratching my head over info overflow what to do, how to set up, which projects to run, which are cpu only, which are best suitable for weak computers...
I finally set up a wallet but I didn't do that beacon emmition yet or whatever that thing is.
Any chances I can get some seed donation here instead creating new account on that other site where this is usually done? I can upvote your donation for 12 cents here as a thank you. I know it is not much, I'm poor minnow ;-)
So once I get seed GRC donation, then I need to send somewhere beacon, correct? And after that I should link my wallet address to Grcpool, correct? Well, off to reading and learning more about it, I have many links for reading/learning saved.
My GRC wallet address:
S6RTL8xNKVCrvYYEGK1EA8Tk7v66sgWVJx
P.s.
My apology if it was rude asking for seed donation here. It is more convenient though ;-)
Beacon is sent using command
execute advertisebeacon, it is not needed when mining with pool. Staking with low balance is very hard, with pool grcpool you are paid daily. However sending the beacon before joining pool does not hurt. You may be able to get bonus once you go solo staking.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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I don't plan to go solo, not with this hardware. Thanks for the info!
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If you have less than ~2000 GRC you should join the pool; being with a pool you don't send a beacon.
Start here
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Ah thanks, yes I'm in the pool, my weak computers will not be able to ever make it to solo.
No need to send beacon then, great, one worry less to worry about ;-)
So, for pool I don't need seed GRC?
If I understand numbers correct, I currently have (after few days mining) 0.42 mag and 0.33GRC I don't think will ever have 2,000 GRC but I do have cool einstein@home screen saver ;-)
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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?
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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).
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I see, good to know, thanks
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right, no seed grc needed.
Also don't worry about your mag, it depends on your average work done and will take up to month to build up and reach its highest point
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Ahh, I see, thanks.
I wouldn't mind getting some anyway with my mining rate 0.1 GRC per day ;-)
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I think 1000 ought to be more than enough.
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