Gridcoin
log in
Gridcoin

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 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.
Created10 Oct 2015
Web sitehttp://www.gridcoin.us
Total credit47,100,543,234
Recent average credit59,449,561
Sierpinski / Riesel Base credit565,379,318 total (21826866 tasks)
Riesel Base credit440,276,167 total (20237514 tasks)
Sierpinski Base credit509,039,557 total (20932624 tasks)
Sierpinski / Riesel Base - short credit464,640,318 total (17027149 tasks)
Sierpinski / Riesel Base - long credit3,438,780,005 total (837233 tasks)
Sierpinski / Riesel Base - average credit1,397,579,465 total (4401901 tasks)
Riesel Base - short credit290,229,538 total (19973442 tasks)
Sierpinski Base - short credit408,826,864 total (13950054 tasks)
TF credit39,586,014,463 total (15704679 tasks)
Badges
Cross-project statsBOINCstats.com
SETIBZH
Free-DC
CountryInternational
TypeComputer type
Members
Founder customminer
New members in last day0
Total members910 (view)
Active members146 (view)
Members with credit801 (view)


Main page · Your account · Message boards


Copyright © 2014-2024 BOINC Confederation / rebirther
Generated 19 Mar 2024, 2:53:01 UTC