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Gridcoin Research Released! Mandatory Upgrade! 220.127.116.11 https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/page-208#entry101161 New official website coming soon - www.gridcoin.us Gridcoin Research listed on C-CEX Updated mining tutorials will follow asap. GRIDCOIN - GRC Gridcoin (The environmentally conscious coin) GridCoin is a new peer-to-peer internet based cryptocurrency that aims to provide real benefits to humanity by compensating the coin miners for participating in BOINC projects that may lead to advances in medicine, biology, mathematics, science, climatology, and astrophysics by concentrating a large percentage of the computational power towards BOINC research - instead of generating unnecessary heat and wasted power for the proof of work algorithms required to keep the coin network running. It is estimated that bitcoin is using approximately 23,312 megawatt hours per day (see electric consumption at blockchain.info/stats (24 hour stats)) of electric for block solving algorithms. The aim of the Gridcoin project is to shift the computational power primarily to BOINC projects while the mining operations become a second priority - so as the network is scaled up, BOINC utilization is scaled up in tandem. The coin miners will be rewarded with a small token subsidy if they fail to mine BOINC shares, but a much larger subsidy when mining with BOINC . This digital cryptocurrency allows instant peer to peer transactions, worldwide payments and very low processing fees. The source code is open source and allows everyone to take part in the success of the currency. Gridcoin is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware, therefore is not as likely to be replaced by specialized ASIC mining chips in the future. Gridcoin provides faster transaction confirmations (2.5 minutes on average) and uses memory intensive scrypt-based proof-of-work algorithms to verify transactions. Official website: http://www.gridcoin.us Gridcoin whitepaper: http://www.gridcoin.us/images/gridcoin-white-paper.pdf Contact: email@example.com SPECIFICATIONS Scrypt Algo Re-target difficulty: 30 minutes 2.5 min block targets, for quick confirmations for merchants. Block reward: VARIABLE: 5 to 150 subsidy. 5 is rewarded if you mine with a miner like cgminer without BOINC running, 6-150 if you mine with BOINC running, you will receive a calculated subsidy based on BOINC utilization. Total coins: ~168 million (est.) - Based on an average subsidy of 100 GRC per block DOWNLOADS Windows & Linux & Mac Installer http://www.gridcoin.us/download/gridcoin.msi Windows BOINC: http://boinc.berkeley.edu/download.php BOINC projects list: https://boinc.berkeley.edu/projects.php Source Code https://github.com/gridcoin/Gridcoin-master Mining Instructions http://www.gridcoin.us/download/GridCoinMiningInstructions.pdf Sample gridcoin.conf rpcuser=username rpcpassword=password rpcallowip=127.0.0.1 rpcport=9332 listen=1 poolmining=false cpumining=true email=your_BOINC_projects_email addnode=supernode.gridcoin.us CPU & GPU Official Mining Pool http://pool.gridcoin.us/ EXCHANGES https://c-cex.com/index.html?p=grc-btc https://poloniex.com/exchange/btc_grc https://www.swisscex.com/market/GRC_BTC SHOPS, SERVICES ETC. Crypto Auction Site - http://www.bidcoind.com/ Block explorer: http://cryptoblox.com/chain/Gridcoin http://explorer.gridcoin.us/ MINING SUPPORT: Solo GPU Mining Tutorial: - https://bitcointalk.org/index.php?topic=403734.0 Other Notes: Gridcoin officially launched October 16th, 2013 @ 11PM. Miners were notified one week in advance that we would start over on a new port during go-live so that no one could pre-mine. The code contains all of litecoin's security features. What makes Gridcoin different? Gridcoin requires miners to mine with BOINC running (http://en.wikipedia.org/wiki/Berkeley_Open_Infrastructure_for_Network_Computing) and aims to benefit humanity by providing real value while mining instead of generating heat and wasting electricity. There are a few technical considerations, to make this coin successful. 1) You must mine against the loopback address. Gridcoin will let you mine against a pool of addresses that are not loopback IPs, using a standard version of cgminer, with scrypt, with Litecoin settings, but you will only receive a 5 GRC subsidy instead of the variable subsidy. 2)When you mine with cgminer against the loopback address with BOINC running, the Gridcoin server will award a higher calculated subsidy to the miner. 3) Video cards are supported, but BOINC must be running to receive the higher subsidies. 4) To start with BOINC, download BOINC separately, add a few projects that you are passionate about and run that program separately. 5) Gridcoin measures your average contribution towards BOINC projects and in comparison with the average contribution of the whole Gridcoin network calculates your reward accordingly. It will not provide a higher subsidy unless all of the checks and security requirements are met. The coin miners are rewarded with a small token subsidy if they fail to provide BOINC credits, but a much larger subsidy when mining with BOINC. This digital cryptocurrency allows instant peer to peer transactions, worldwide payments and very low processing fees. The source code is open source and allows everyone to take part in the success of the currency. About the Berkeley Open Infrastructure for Network Computing grid: BOINC is an opensource volunteer oriented computing grid that combines the processing power of all of the distributed PC's to concentrate on important projects. Its free, and harnesses the unused clock cycles from PC and Video cards to aid in the research for the project goal. http://boinc.berkeley.edu/ http://en.wikipedia.org/wiki/Berkeley_Open_Infrastructure_for_Network_Computing Some of the major projects that you can participate in: * Cancer research to help find cures for cancer and schizophrenia * Rosetta@Home: 3 dimensional protien modeling, HIV, Cancer, Alzheimers * World community grid: Various projects including researching strains of rice for regions where hunger is a concern http://www.worldcommunitygrid.org/research/rice/overview.do * Malaria control * Alzheimers and Mad cow research * DNA Sequencing, Microorganism identification, Bird flu research, protien docking algorithms, molecular biology, evolution research * Nanotechnology research to find new molecular materials * Large scale protien structure prediction, understanding diseases and pathologies * Quantum chemistry * Discovery of new drugs * Microgravity and microfluid research * Search for Neutron stars * Particle accelerator research * Cryptographic research * Search for extraterrestrials * Creating better weather models, predicting the weather FORUMS: https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/page-23#entry9804 https://bitcointalk.org/index.php?topic=324118.0 Mintpal & Cryptsy voting. https://www.mintpal.com/voting https://www.cryptsy.com/coinvotes