Byteball distribution for World Community Grid crunchers
If you are running BOINC with World Community Grid project, you will be happy about this news. Byteball cryptocurrency project is rewarding your contribution with $1.00 (in Bytes) for every 150,000 points.
The work you did in the past will also be rewarded:
Along with Bytes, you also receive a honorific token in the amount exactly equal to the number of points you contributed. The token is not transferable, therefore, it cannot be sold and the balance reflects your lifetime contribution to WCG. Some services might choose to offer a privilege to users with large balance of this token.
If you are already a WCG member and earned some points before enrolling into the distribution, you also receive a one-time reward that depends on the amount of WCG points you generated:
100,000 to 1,000,000 points: $0.20;
1,000,000 to 10,000,000 points: $3.00;
10,000,000 to 100,000,000 points: $40.00;
over 100,000,000 points: $150.00.
The reward rates (both for new points and for old points generated before joining) can be changed in the future, for example, if we notice that points generation is getting industrialized. We want the distribution to be as wide as possible.
The amounts given are small, but it is great that more crypto projects are supporting contribution to scientific research.
Official news post with all the details on how to join the distribution: https://medium.com/byteball/computing-for-good-again-3795336bdaed
GRCPool post: https://www.grcpool.com/about/bytes
I'm curious to see how much this will increase BOINC's total computing power.
But I'm loving all these crypto-science initiatives and incentives, it puts computing power into the places that need it most!
It would be great if that SPARC project was revived again.
The token can't be sold? What's the point in it then? :S
The WCG token can't be sold, but the $1 in Bytes per 150k credit can. For reference I am earning about 25 cents a day in Bytes at present.