Gridcoin - Explanation and Coin Review by altcoin-analysis

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gridcoin · @altcoin-analysis · Jul 17 '18

$8.72

Gridcoin - Explanation and Coin Review

https://youtu.be/qCCs3Se2xXY

Gridcoin is an incentive mechanism for the distributed computing software BOINC. As of January 2018 Gridcoin is responsible for incentivizing 28% of BOINC computations. These contributions are primarily used by scientists and universities, giving them access to a decentralized supercomputer to help with projects. 

Interested in earning with Gridcoin, check out their website and youtube channel;

Gridcoin Website;
https://gridcoin.us/

Gridcoin YouTube Channel;
https://www.youtube.com/channel/UC7HniwuUMx4EXlB2OXG89BA

Let me know what you guys think

👍 vortac, cm-steem, jringo, hotbit, crt, parejan, barton26, h202, rcebike, zipity, neuralminer, ilikechocolate, steemgridcoin, jamezz, grider123, altcoin-analysis, delta1512, sau412, an0n7m0us3, chucklehead, roboticmind, zsoltb, alexmaksto, diogogomes, junhyungkim, steemitboard, noah-blaker, ravonn

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@delta1512 · Jul 18 '18

$0.88

Very informative video, it was nicely unbiased and gave a great introduction to Gridcoin.

I'd just like to add some more links for some new users if they would like to know which places to find us and what facilities are available:

- [Discord Server](https://discord.gg/4WB768X)
- [Gridcoin Stats (faucet and block explorer)](https://gridcoinstats.eu)
- [Gridcoin.ch (faucet)](https://gridcoin.ch)
- [MarketGrid](https://www.reddit.com/r/MarketGrid/)
- [Reddit](https://www.reddit.com/r/gridcoin/)
- [Official BOINC Website](https://boinc.berkeley.edu/)
- [GRC Pool](https://www.grcpool.com/)

👍 vortac, jringo, barton26, h202, rcebike, zipity, neuralminer, altcoin-analysis, delta1512, chucklehead, diogogomes, grider123

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@altcoin-analysis · Jul 18 '18

Thanks very much delta1512, I appreciate the feedback!

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@roboticmind · Jul 18 '18

another link to mention would be the cryptocurrency talk for Gridcoin  
https://cryptocurrencytalk.com/forum/464-gridcoin-grc/

👍 zipity, altcoin-analysis

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1 reply

@jamezz · Jul 18 '18 (edited)

Good post , can tell its introductory and I am glad @delta1512 dropped a  url with most of the info , there are a few websites beyond www.gridcoin.us , there is gridcoin.network , gridcoin.science , gridcoin.ddns.net and https://grcexplorer.neuralminer.io/network and I think the list goes on. There is a faucet channel on the Gridcoin discord in #wallet-bot and there is a 3hr faucet android application available on the play store. There are many resources , welcome to the team. Some of those tools are handy , like discord has !help and if you are new and instead of syncing all the way up to 1308102 from 0 you can use the command on discord and on frenode irc in #gridcoin !snapshot and get the latest snapshot of the network to speed things up.

👍 hotbit, zipity, diogogomes

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@altcoin-analysis · Jul 18 '18

Thanks for all the details Jamezz, I just wanted to keep this video brief and show the basics of Gridcoin. I appreciate you guys adding in everything that people need to get started. The Gridcoin community is small but more active than for any other coin review I have posted.

👍 h202

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@parejan · Jul 19 '18 (edited)

Great video @altcoin-analysis. It is always good to see new video content for Gridcoin.

I have one comment when you mention at 2:50 that it is useless to leave devices run idle. In principle you are right but people need to keep in mind that it does cost money running systems at full load. For example for a mid-size PC with suitable GPU it could be 1kW / 8 hours.

👍 zipity, diogogomes

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@altcoin-analysis · Jul 19 '18

Thanks parejan. Unfortunately it would be too much work to add that in at this point, I think most people understand that they will be using electricity for the work. If I make a follow up I will be sure to add that fact in.

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@sevenseals · Jul 19 '18 (edited)

$0.03

I already installed Boinc, and a few projects are already working. I need some Gridcoins for the wallet right now. They say 100 to 200 should be needed for activation. Can someone send me some? In return I can give 100% upvotes or pay in steem.

RzTGQ9bxEeAwPvqehhbeMwpDrCyQyN2Hh1

👍 bubbleburst, jerre-nl, altcoin-analysis

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@sau412 · Jul 21 '18 (edited)

100 or 200 GRC is not enough for solo mining (you should be very lucky to stake with that amount), I recommend you to use pool. Or buy ~2000 GRC

👍 diogogomes

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@steemitboard · Jul 18 '18

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@steemitboard · Jul 18 '18

Congratulations @altcoin-analysis! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

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**Do not miss the last post from @steemitboard:**
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> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!

properties (22)