Why I think more people dont mine Gridcoin
Problem
Simple, lack of hash-rate equivalency; you cant just put your hardware into a calculator and see what you will get back.
Possible Solution
Focus on CPU mining as an attractive method for GPU miners of other coins, to use their under-utilized CPU hardware. Do some comparison hash-rate work into mining Gridcoin, and give a hash rate equivalency.
Thoughts?
Been looking at this
I've been looking at this issue and had some discussion with @cm-steem and some others about possible solutions on it.
I still need to dig in to the projects stats data and possible good ways to present it, but I think it should be possible to make something quite like a mining calculator. Mind that it doesn't work on the same principles, hence the whole problem with it 😀
I will revisit this task in the coming week and see what I can put together. Feel free to reach out to me on Slack if you got any ideas.
Yeah I understand the data method is hard, perhaps take a simpler route, use some foundation funds to buy some VPS and run two identical machines, one on Gridcoin the other on something like Monero, CPU only and see what happens?
Am I crazy, probably...
I think that the simplest solution to mining calculator websites would be to disregard RAC in favour of refering to MAG as our MHz, thus the profit calculation would be as simple as the following for a 24hr period:
On more GRC/BOINC focused websites, we could work on an individual RAC basis, but most profitability calculator websites would simply refuse such a complex calculation.
I wonder if we could make a Gridcoin team project where we gather stats on hardware and RAC.
Potentially, however each project provides its own hosts.xml file which details the systems earning the RAC.
The other big problem there is that we have no data on the uptime of the machines listed. They could be running 24/7 or only part of the day.