Gridcoin thinking
Background:
Gridcoin is a cryptocurrency awarded to individuals that take part in the Boinc program from Berkeley, your computer is sent packets of data it then analyzes and returns. Depending on how many packets you complete you earn Gridcoin.
There is also an investor feature for people that don't want to have their computer solving problems, in this feature you simply keep a wallet with Gridcoin in it running. Every so often you stake a block and receive interest based on the Gridcoin you already have in the wallet.
This brings me to the problem I'm having with friends.
I recently read a post that was resteemed where it was mentioned that people weren't keeping their wallets open; they were just checking in once in awhile to collect interest and leave. I don't know who posted it. It did make me mention it to my friend Eric, who's one of a six people I got into Gridcoin investing and he let me know that's all he does as well.
I should point out he only has a few hundred Gridcoin so has yet to stake.
The same goes for the rest of my friends, only two of them actually put money into it while the rest have their coins from me in order to get started.
But none of them leave their wallets running, and as I understand it this is what's needed to secure the network (I say this cause I used to think it was the staking that did it).
So the question is...
How do we make the wallet more appealing to the casual investor to keep it open?
I've noticed it doesn't start automatically when the computer boots up, which means I'm imagining that even then a few friends don't start it up until the times I ask how the wallets going.
Hi @andrewgenaille Well this is not as easily done as it sounds. If the wallet would directly start at boot time it would maybe stay on through all the computer session. Though it must be said that it is quite impacting on the CPU I got with a i5 3570k 20% cpu work only from that process. So if you want to play a game with high resource needs you need to stop it.
I guess the easiest solution to have 24/7 (and very cheap as well ) is to run it on a raspberry pi. This costs almost no energy and is very cheap to buy and set up.
And yes you're right more nodes online is for sure increasing security !
I haven't run the windows wallet in a while, and I don't remember what my cpu usage for the wallet was. But on my raspberry pi it's usage is sitting around 0.4%. So if the windows wallet uses so much cpu and the linux wallet uses next to none, this leaves me to believe that the gui is what is eating away at the cpu. So if the wallet auto starts in the background (no gui), and the gui only shows when the user requests it, then there wouldn't be any issues?
or perhaps, the wallet is just much better optimized for linux. In which case, the windows wallet should probably get an optimization pass.
No the user must have a specific problem, the Windows GUI wallet uses a tiny amount of CPU on my Windows machine (i7-6700k) around 0-1%, it might use a lot more while syncing the blockchain, but then it will sync faster than a Pi ever could (I havea Pi too).
EDIT: Bear in mind it fluctuates all the time simetimes higher, sometimes lower.
My Windows machine on Gridcoin uses between 0 and 1% most of the time (while staking), you must have a problem with your machine, mine is an i7-6700k, its not 20x more powerful than yours.
No obviously there is something strange will check this on Monday :)
Make sure you arent syncing, and wait ten minutes, when you first start it it uses CPU for a while then settles down, the CPU will boost occasionally (I assume when its confirming a new block) but most of the time its pretty low.
Hi, I have raspberry pi but never used it, actually I even failed to connect it to monitor. May be you or somebody else whom you know can help me to setup Gridcoin mining on Raspberry Pi? I would be able to pay you for this, in GRC, Steem or other cryptocurrency
I can help for sure got 3 pi's running currently, we should meet up somewhere in a chat or so. For instance in the gridcoin slack ? Nice gesture but I don't want no payment having an additional machine crunching is enough reward for me.
Thanks! Firstly I will need to figure out how to connect Raspberry Pi to monitor.. from you experience is it possible to connect to laptop (to setup everything) and then it can run whithout monitor.
Hi @flodner, well the easiest way is to get to a TV or something you can plug a HDMI cable in. This is the native interface that the PI is using and the easiest to setup. getting this connected to a laptop could be diffcult ...
You can start Gridcoin on windows by going to the tool bar, Settings > Options and on the main tab check the box
If for some reason this checkbox does not work, you can make the wallet start using Windows Task Scheduler, if you like I can post a step by step guide.
If you want to start auto staking as well without having to do it manually follow these instructions.
That would be great if you could post it, I went looking on mine for the setting so I could update everybody. It's checkmarked to start on login but never has. Which is a problem for me as my computers reboot once every two or three days on their own... it's a windows thing. Internet is at almost dialup speeds so it's always fun catching up to the latest blocks.
Yeah I have always had issues with Windows startup, its crappy. Before trying this uncheck the box in the Gridcoin options, to prevent any possible conflicts.
Open Task Scheduler (type it in Win search)
click on 'Create Task...' NOT 'Create Basic Task...'
Complete the General tab
Complete the Triggers Tab
Complete the Actions tab
Complete the Condtions tab
Complete the Settings tab
And you should find it now in your Task Scheduler Library
Reboot and it should auto start.
You should make this into its own post
Ehm..it's titled Grindcoin.
Oh did not even notice that
Fixed.
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Great. Thanks for sharing. I'm starting to follow you.
Hi there, I am very interested in Altcoin analysis and diversification. I am following you for more, so please guide me through the setup process! Use the tag #altcoins with me, I have been doing write ups on cryptocoins every week but there is just too much to do. Some help would be fantastic! Follow me on Steemit, and lets connect on https://discord.gg/AvBquvC
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STOPWhat I understood (somebody from Gridcoin community told me before) that it's not necessary to keep GRC wallet open.
But if it's better to keep it open - I'll do it.
Btw, it's interesting, how much your friends receive with several hundred GRC for staking?
Right now I have only around 15 GRC, but may be it's good idea to buy GRC on Bittrex and it might be good investment, if staking is profitable.