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RE: Current Problem with Rewards on Gridcoin and proposed solutions
Wow interesting. What exactly is Gridcoin about? Is it worth taking a look at for investing purposes?
Talk soon!
Wow interesting. What exactly is Gridcoin about? Is it worth taking a look at for investing purposes?
Talk soon!
Where to start :D
Gridcoin is a very interesting coin because it rewards computation done on the BOINC platform. The BOINC platform is a program for distributed work that has been around for 15 years this year, and lets anyone in need for computational power to start a project and hand out work units to users.
Before Gridcoin came, this process was purely voluntary and gave no reward in return. Many people run BOINC because of the many humanitarian aspects of the concept. Many of the projects researches on cure for HIV/AIDS, Cancer and TB (WCG) while others try to make an accurate map of the milkyway (MilkyWay@Home) or search for Aliens (SETI@Home).
Gridcoin rewards equally amongst the people on the Gridcoin BOINC Team, which will soon not be required, for the work done amongst the users that has advertised their BOINC ID on the Gridcoin network.
It's a Proof-of-Stake wallet, which means that the wallets own footprint is minimal while being able to divert resources to the important BOINC platform. The community is passionate about the projects and there is today a large group of volunteer developers in the community helping out with various tasks.
The community has a good presence on Steemit under the #gridcoin tag.
Wow my dude, thanks for that in-detail response. I wish I was clear with my thoughts after reading that, but it seems quite over-whelming for a fresh reader haha! So what is the point that you are promoting it? Are you an investor in the coin? Or are you using the platform? Also, I'm guessing from what you just said, it's relating to the medical field.. Curing major diseases right.. So does that mean you need to be like a doctor to earn the rewards?
Just interested :) Talk soon!
I'm just a normal bloke really. Got some invested coins and doing some of the distributed work on the BOINC platform. And no, you don't have to be a doctor to earn rewards :)
I'm just very interested in the concept of helping researchers in their work while also earning some cryptocurrency in the process. It's a coin in development with a community of passionate people.