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Friday, July 1st 2022.

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I am a ‘big’ miner, but I am running literally the least efficient project ([email protected]). I am not bothered by mag, but as a researcher myself I do want to see GRC succeed. This also means you understand BOINC, and surely must have also known that our client can only ever be installed with user permission. I am therefore now struggling to see your accusations as honest mistakes. If you were not personally on Slack, then who is the Pomegranate account that tried to claim the commemorative coin? You proved your identity through your wallet to try claim that coin to @jringo, so I do not understand how you can claim that was not you.

Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly). Is there anyway that Gridcoin could ban running a certain version of Boinc?

Gridcoin (GRC)

Beacon broadcast is a way your wallet introduce and integrate you into the blockchain/database/network. It send a beacon to the network with your BOINC id or Cross Platform ID (CPID) so that your “CPID” will be seen or recognized on the network/blockchain for credit reward among others. How difficult is it to put a flag (or multiple flags) in the wallet to indicate Beacon Status? If it is uninitialized then it is the initial “registration” send.

But since cryptocurrencies are too volatile to be used as an actual currency, people treat it as a sort of investment scheme. The problem is that to extract actual money from the system you have to find someone willing to buy the tokens you are holding. And this is only likely to happen as long as they believe they will be able to sell them on to someone who’ll pay even more for them. You don’t need to bother about Beacon broadcast and other mind blowing technical terms if you are pool mining. Just connect to the pool and your credit will be sent to you from the pool, though you still need a wallet to receive your credit and know how to setup for a pool. Take cognisance of the project’s RAC (recent average credit) and Mag (magnitude), they determine the credit you earn and also boost your staking reward.


Note that the latest public release of Charity Engine available on their website is BOINC 7.0.76, which is hardly used by Pomegranate at all. Therefore, most of the clients being used to mine GRC were not downloaded off the Charity Engine website. Crunching or mining while staking increase your chance of winning blocks because of your increasing MAG (magnitude) on a daily basis.

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At the time of writing, Pomegranate has two active CPIDs, detailed here and here. The first has a magnitude of 15833, while the second sits at 670. This second CPID has only just been advertised with a beacon, so its magnitude is expected to skyrocket over the next few weeks, taking Pomegranate to an estimated total magnitude of near 30,000. This is a significant amount of compute power being brought to bear.

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The other reason is several projects are getting many corrupted results and burned work units, as explained. Their magnitude drops and they can’t do anything about it but to try and blame someone else. You have to kiss ass and be in the ” in ” club/clique , I gave it the GRC8 nickname thank you very much. Perhaps transparency in its developers intentions/actions and the work units being actually computed within BOINC projects, but demanding absolute transparency from network participants is absurd. This sounds like about as much consent as leaving a sneaky checkbox checked by default in a bundled software installation. Except they consented to using CE When they registered & installed the CE software..

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