log in

Team info
DescriptionGridCoin 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 (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.
Created10 Oct 2015
Web site
Total credit1,096,308,099
Recent average credit5,160,397
Sierpinski / Riesel Base credit113,522,388 total (8418199 tasks)
Riesel Base credit126,993,502 total (8337120 tasks)
Sierpinski Base credit152,900,728 total (8282811 tasks)
Sierpinski / Riesel Base - short credit155,596,643 total (7594753 tasks)
Sierpinski / Riesel Base - long credit236,004,865 total (93636 tasks)
Sierpinski / Riesel Base - average credit126,501,325 total (461011 tasks)
Riesel Base - short credit51,733,357 total (7598403 tasks)
Sierpinski Base - short credit133,070,704 total (6239476 tasks)
Cross-project statsSETIBZH
TypeComputer type
Founder customminer
New members in last day0
Total members425 (view)
Active members248 (view)
Members with credit387 (view)

Main page · Your account · Message boards

Copyright © 2014-2017 BOINC Confederation / rebirther
Generated 24 Nov 2017, 0:17:13 UTC