I'm very glad to hear that you are able to get something useful out of my writing, so thank you a lot for letting me know! =)

Nice CPU, and the graphics card is nothing to look past either. I used to run SRBase about a month or two ago when the project was still very quiet at less than 700k RAC. It now has over 3 million RAC so it has become a lot more competitive! This is the trend with most projects, where they are optimal choices one day and not the next - best not to min-max it too hard.

That being said, looking on [gridcoinstats](https://www.gridcoinstats.eu/project) we can see that for CPU the VGTU, Cosmology and LHC projects are good choices. Sztaki is about to be removed from the whitelist, so not a good one to crunch for. That being said, SRBase is not bad as it hands out credit (which builds RAC) more generously than most other projects. I have never looked at NFS, sorry. =/

For GPU, seeing as you have a single precision focused gaming card, maybe have a look at something like SETI.

Remember that the beauty of the GRC minting model is that it encourages evenly distributed compute from Team Gridcoin - most projects get a turn at being optimum.

In a nutshell, Gridcoin is a cryptocurrency awarded to people who do research with their computers. This is facilitated by the software BOINC.

I happen to have a LOT of computers running BOINC. =)

If you have any questions after your reading, feel free to drop a comment or post under the Gridcoin tag and we will do our best to help.

Yup - you are 100% correct. Power costs about NZD$0.22 per kWh when weight averaging the day and night rates. This means I use:

18KW * 24h/day * NZD$0.22 = NZD$95/day

Meanwhile, I could sell the Gridcoin for about  NZD$0.04 per coin, so I earn about:

800 GRC/day * NZD$0.04/GRC = NZD$32/day

That being said, recently GRC traded for almost NZD$0.15 at one point, which would have yielded NZD$120/day.

In reality, there are still several reason I continue doing this:

- I need the hardware for my research anyway, and this is running on idle cycles. The power bill of using those cycles is only a fraction of the total compute powerbill.

- The price of GRC will go up, so I will see a good return in future if I were to sell

- I have plans to use the GRC I mine on idle cycles to commission compute in the future through the BOINC and GRC network, if I can overcome the technical hurdles of the models I work with.

GRC is not profitable like other coins,  its a reward system for volunteering computing since 1999

There is currently a 35% boost not reflected accurately on the block explorers - I am actually minting over 1000 GRC/day. That is about right for the size of my setup, and does mean I am losing money relative to the power bill. However, I am in this for the long run, and I expect the value of GRC to rise significantly - mining while is it still relatively easy! Further, I am in this for the scientific side, as I have discussed in a few of my articles.

Your earnings take 4 to 5 weeks to reach their peak, at which point they depend on project selection and setup power. Crunch projects with minimal competition.

Let me make an effort to inflate you then, and explain how you too are benefiting from my set-up.

Currently, competition on Gridcoin is still relatively low. It is increasing rapidly, but we are very much in the early days. As more and more people join the team, we will be increasing the compute power of the network. This means competition for the GRC minted every day goes up.

As a result of it being harder to mint Gridcoin, the price of Gridcoin will rise. It will further rise when research teams start using it to incentivise crunchers to compute for their specific project.

Compute added to network --> GRC price goes up

Every Gridcoin you possess or mine now, you will be able to sell for easily ten times that in future. This is thanks to competition from set-ups like mine. To add to that, there are set-ups running BOINC outside Team Gridcoin that utterly dwarf mine - soon enough they will join as well.

Your results are far from disappointing - they are just 'normal'. Almost everyone on Team Gridcoin will have a set-up similar to yours. You're doing great! Also, remember that research is not paid out from when you join, but from when you staked the noobie block. So, whatever you earned was earned between 6/17 and 7/27.

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.

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).

Nothing better to wake up to in the morning than a nice, crisp power bill.

Your mint rate will increase a lot, as it it based off your project RAC, which in turn takes a month to peak. =)

This means that when you start mining you will earn very slowly at first, but also that when you stop mining you will continue to receive diminishing payouts for the month or so after.

I would kill (well, maybe not kill, but you know...) for an 18kW solar set-up.

Would probably need to be at least double that to cover the night time. Do you only mine during the day, or do you have a battery?

Haha no I am still a spring chicken! I have been running BOINC for a very long time though, on a different account. Now, all my compute is under Team Gridcoin.

My set-up is composed of the workstations in our lab and the research cluster when it is not running in-house research. I may write something about it down the line if people are interested.

Exactly,  I've missed allot but gridcoin i won't.

I remember back in the day when i was hashing with a poor 9800 nvidia gard. Sold 12 bitcoins for 12$. Now it seems such a bad decision, but that was a high price at that time.