Questions that keep buzzing in my head about GridCoin Staking
*****EDIT: 20 hours after the post my initial query was answered! Follow the comments if you are interested*****
I was reading a reddit post of a new user trying to solo stake and the dificulties he is facing in doing so.
After some comments about user test1235 I've made some diging on gridcoinstats only to discover that in 2018 user test1235 has staked 421,506 GRC and the number is rising.
The user has 36,323,492 GRC ($1,418,780) in his wallet under various addresses.
That brings out a total 421,506 GRC staked for 2018 (January till March 18th)
I said wow this guy does have a good foothold in the GridCoin ecosystem (a little shy of 10% of all the GridCoins minted).
Until I looked a little closer to the earliest transactions that created this huge sum.
What I found is that large sums of GridCoins where originated from an addressed labeled "Burn Address for Beacons & Polls" (https://gridcoinstats.eu/address/S67nL4vELWwdDVzjgtEP4MxryarTZ9a8GB)
My question is should the GRC from beacons and polls be used to stake in the system? (after all we're not talking about petty change here ($1,4 million in the current GRC-$ Market) and the number is rising).
And if yes do these founds return to the GRC ecosystem somehow or they are kept privately.
After all every guide for solo staking suggest that you need to have a good ammount of GRC (1000-2000) to stake that can either be earned through a pool or bought with another currency...
Thank you for your time.
What is the transaction ID(s) showing funds moving from S67nL4vELWwdDVzjgtEP4MxryarTZ9a8GB to one of the addresses in Test 1235s wallet?
@kkazantz this is important = )
I know that's why I brought the whole subject up, I have nothing personal with any researcher or investor and I'm not affiliated with anyone or anything. I just want to know.
I've collected some blocks from S67nL4vELWwdDVzjgtEP4MxryarTZ9a8GB to Test1235 wallet, there are more in gridcoinstats.eu website:
Block Information
Block ID: 11481
Block Hash: 660e7585437c4a98426d6bb8f78b7b7650a072e094ed74340fa06af1e85c7a73
Details
Date:2014-10-20 18:27:47
Generated:3 years ago
Confirmations:1182723
Block Size:0.534 kByte
Client Version:v3.1.6.4-g-research
Transactions:1
Inputs:1
Outputs:1
Coins Transfered:5,346,598.99216290 GRC
Coins Minted:3,498.99216294 GRC
Block Reward:0.00000000 GRC
Miner:INVESTOR
"tx" : [
"cef8aec0fb3177cb51b84a294efd176d732c1a87822cdbfd66adecdfa4c56c63",
"3eb165ca890670d9f78a54f47c3ef30218c1f68b53d0ab109119efb55775bda3",
"9d237f3d63642639285ef3ead2596b0c8768b85aa5c71929c3fe204bc8909e8c",
"abe79e7245efd4f76cfdbf0f0f82d62884a9c81e54d0d8c3f0a876da34b3dc62"
===============================================================================
Block Information
Block ID: 12648
Block Hash: 5fcab57653c61588a74172a7636bed2e489db9844aa4c5929960c02c3f74ec5d
Details
Date:2014-10-21 14:54:33
Generated:3 years ago
Confirmations:1181556
Block Size:4.26 kByte
Client Version:v3.1.6.4-g-research
Transactions:2
Inputs:32
Outputs:3
Coins Transfered:6,012,550.84175850 GRC
Coins Minted:17.49020834 GRC
Block Reward:0.00040000 GRC
Miner:82545abfad0605b51a4d7559038ff4a9
"tx" : [
"4427b419d18e1623ee94ab857fa548dbc7de4186b3a23053a3e6c82f6d9966cd",
"1334a25d58ae8cfccb29a7fb8824ac213342d43e2437b3be8842dcb9232c0042",
"1db6bce2eb8bb4f5f4c14216aab459771d19af8ff4137b2f34790d2727e90715"
],
===============================================================================
Block Information
Block ID: 12479
Block Hash: 35d3e6d39d660d7391547786fea76f0006f6477a7fbf9bc9651048806895432b
Details
Date:2014-10-21 11:58:31
Generated:3 years ago
Confirmations:1181725
Block Size:5.245 kByte
Client Version:v3.1.6.4-g-research
Transactions:2
Inputs:41
Outputs:3
Coins Transfered:8,560,701.96304310 GRC
Coins Minted:41.11442328 GRC
Block Reward:0.00050000 GRC
Miner:7ea129929879bfe19ceaab48b104d56d
"tx" : [
"4464712cab4b5ad17167255dcefb7f9a2e38edd54470cf330c64bc0bfa5523ca",
"cd6e8c728910513dc1e9f42c176e3745b178ff7a194871093450d95e6ccdd63b",
"277dde1d069659a6ceabb51a3161679ec5af4b6e948e21fdc5e5edc4d516dfd3"
],
===============================================================================
Block Information
Block ID: 14075
Block Hash: 70b48e70c332053bd6931d0eade7bb4dd19a3c55244f0b14e3f27755849ad367
Details
Date:2014-10-22 16:12:24
Generated:3 years ago
Confirmations:1180129
Block Size:0.852 kByte
Client Version:v3.1.6.3-g-research
Transactions:2
Inputs:2
Outputs:3
Coins Transfered:24,385.71436480 GRC
Coins Minted:13.24374224 GRC
Block Reward:0.00010000 GRC
Miner:c01aa662c7bc039f6049de8ac93699d7
"tx" : [
"b7de04d84cbb325d5118a1f63c3d88a67017bf34fe720982dc7d3531c6a3c63d",
"370a457171eb917dfc2b7153f3128c4820aee04ee5cf959659be69f05a7426b7",
"890d0639f9f6059bda1a24a1846622791b97dadf34765ef34a0e8a208862699e"
],
=====================================================================
Block Information
Block ID: 13938
Block Hash: 48c86af3aab9c899c7eb4a6d07e99cb2478023c3db17f787a93bba918b6be861
Details
Date:2014-10-22 13:49:08
Generated:3 years ago
Confirmations:1180266
Block Size:1.9 kByte
Client Version:v3.1.6.4-g-research
Transactions:2
Inputs:10
Outputs:3
Coins Transfered:867,789.29674003 GRC
Coins Minted:127.61533150 GRC
Block Reward:0.00020000 GRC
Miner:605c97e667586e9953f2d511a2503a80
"tx" : [
"62454c406f05583969fb886c4e87355415c97b55c8269abf15b07bc6a5d8e31d",
"492611ebe715bbc0e07056e01c44625d2fb0517353a95ba85b212cb12653864c",
"f8def1a60fc697d919b419e8cb590b35eff040636ab9d2a91aece4e6acc56b16"
],
========================================================================
Block Information
Block ID: 13850
Block Hash: f0f4fd9d09c8f385d5024dcadaf479620275e4dbc7b6e87db4453d5eeeca25e4
Details
Date:2014-10-22 12:19:17
Generated:3 years ago
Confirmations:1180354
Block Size:2.184 kByte
Client Version:v3.1.6.4-g-research
Transactions:2
Inputs:14
Outputs:3
Coins Transfered:2,378,368.65307620 GRC
Coins Minted:26.07967316 GRC
Block Reward:0.00020000 GRC
Miner:605c97e667586e9953f2d511a2503a80
"tx" : [
"19057186070d62b7b8566271d036e733367ede48ffcd5bed2cf885948de2f266",
"08abce2bb2786c4fcce29274ada21d2bfba3ec33300751fcb76358da97668ae8",
"fa1533329210659dc93b902c12a49bb6989bf6b229707caaa55b64ae0105b8a0"
],
=========================================================================
Block Information
Block ID: 13296
Block Hash: 5ee44f9fd742c1624ddd4eaa0c979e18fce54363d6bc9686dc89ba2cb4b65045
Details
Date:2014-10-22 02:30:58
Generated:3 years ago
Confirmations:1180908
Block Size:2.254 kByte
Client Version:v3.1.6.4-g-research
Transactions:2
Inputs:14
Outputs:3
Coins Transfered:2,303,332.25412090 GRC
Coins Minted:82.87115909 GRC
Block Reward:0.00020000 GRC
Miner:605c97e667586e9953f2d511a2503a80
"tx" : [
"b6d4e0742b39be803417369eb2d7a16e841fe847bbc4601de8c51a17e1d3e748",
"13a262e9ee18535786b6c2a5cc5978d75aca594ea8101d6dd97499af41164ff1",
"1441541eaac5b995c87f0d13a5a0cb41641050b695477f48ccbc5cedcf57376f"
],
======================================================================
Block Information
Block ID: 16873
Block Hash: 1ebfada90008bfaadba70e93365fb67056f2d10bbd0d7c42bfad2d167fd5e5c8
Details
Date:2014-10-24 17:38:46
Generated:3 years ago
Confirmations:1177331
Block Size:3.35 kByte
Client Version:v3.1.6.6-g-research
Transactions:7
Inputs:20
Outputs:13
Coins Transfered:4,313,232.05585780 GRC
Coins Minted:114.91215929 GRC
Block Reward:0.00070000 GRC
Miner:6b5280410f95f0ae72f5b4c5164d9a0b
"tx" : [
"97aa3e9a3a9b5b33242d6e4c4bb561b3f6ddbba89feea960df1d1add316b29d9",
"b407ccc65c23697d91660929756d1cd6f1f9c64ade42b869f972bed7ca74f06a",
"934abf5a64fc14fada7ea693340c8b955675c67f666e3dd0928fd0bd6ad722a0",
"9674398adf5d5ef0cb2bd30e515cf61999be803f033d9021542248e4cf3edf4b",
"1875492efcbdc577d42811c3f4536839d786f1ed937adaf2d54207246927155a",
"540745efa97f292e0f69b27939fdf7a5c22c5cb2ee55f3406017da1a19e39826",
"455477a459448f2e9e42f57b2fefe80ab54ca236972365562c93f9b37ce3229f",
"3f40f0870fb5eec418a192748207553fa3a04ef6de8ba29f67ad489d1272d537"
],
====================================================================
Block Information
Block ID: 16820
Block Hash: 4e08ada24085e32f8ad86eb6398022dfda530881f2481edfbf861d841e955bcc
Details
Date:2014-10-24 16:47:01
Generated:3 years ago
Confirmations:1177384
Block Size:3.011 kByte
Client Version:v3.1.6.6-g-research
Transactions:2
Inputs:21
Outputs:3
Coins Transfered:6,690,987.23499380 GRC
Coins Minted:212.73810054 GRC
Block Reward:0.00030000 GRC
Miner:605c97e667586e9953f2d511a2503a80
"tx" : [
"ec4d4efea07e0c241d8305700fe2feafcc5508da82812de899e38da3031f4229",
"d95543dd78c795742ca2c2fe3ad93ac4816865adae654575ac74e6e2083759e8",
"ae855d677fa363110abd3e13aaf011e3f17a1733de47aac93c0bf3cc28043ed5"
],
======================================================================
Block Information
Block ID: 16069
Block Hash: 38d732509a9148a870f2d22834cf0434d15d9d7743c9f6194c7ae9ff8213f69f
Details
Date:2014-10-24 03:33:39
Generated:3 years ago
Confirmations:1178135
Block Size:4.171 kByte
Client Version:v3.1.6.6-g-research
Transactions:3
Inputs:31
Outputs:5
Coins Transfered:9,237,771.37062670 GRC
Coins Minted:31.20139355 GRC
Block Reward:0.00050000 GRC
Miner:INVESTOR
"tx" : [
"52848d43be3db9a8d2e3a7633cfb9edf2bb170dbda047e6e228803cbdb80797e",
"82e1702d3f718e12e88b30fd26ab093337cee991ce4ac730047e06dccd1ce89f",
"de9d12b5cbd0eacbe3fd42f40fe24b679b6f0b7e674ebcc1d285862843cb3bd2",
"43b770f685fada802dc4765c4d1e2f6d2fe3091ae6cdd8de4f69614599b35b03"
],
======================================================================
That sending address was used to burn Gridcoin Classic into Gridcoin Research, I received coins from that address too. TX b2b1d158915834f857fc8b6a846e99d1b222c07022ddbb20f9302d5b7e2aa7d3.
Whats important is that no amounts from votes have been staked, or transferred to anyone. As I recall, voting didnt start til later on, I cant be bothered to look up when.
Thank you for your time, I've got the answers I needed (both for the address and for staking) and closed the subject by writing on the top of the post just that!
Source of information: https://gridcoinstats.eu/cpid/e6a4984e4c9bb7b53ac56e4b03f0cd4f
=======================================================================================
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The old coins from Gridcoin classic were exchanged to the new Gridcoin a few years ago. Maybe this is the explanation for this transaction.
Correct, that's what the burn address is; the conversion from classic to research.
I'm talking out of my ass but I believe it may be the fundation wallet used to pay for the devs compensation and what not?
IT might be, but shouldn't this be clarified in order to know, after all besides the volunteering nature of the Boinc reasearchers there is a real monetary value behind GRC and people (including my self) have or are considering investing a sum of currency in order to start staking.
This person barely staked in October/Nov. This is likely owed interest.
Thank you for clearing up the conversion address from classic to research and the staking issue, as I've mentioned in previous comment and in the post I need some clarification on the issue and not stir up any controversy.
If you look at 2016, they never staked in Nov/Dec (and July IIRC), which would carry over into 2017.
I'm not near a PC right now, but if you have the chance I would suggest averaging the daily earned over a 36 month period. I would expect it to average out to (I think?) ~1k a day.
I've made the relevant excel sheet for 2016 as well so we have:
So when I combine them I get
That is very close to the Gridcoin stats estimate for the wallet's GRC daily interest owed.
Thank you all things cleared! :)
Another discovery put out in the open , I would advise you not to point out either security vulnerability or sketchy CPID's/wallet actions and transactions you will be banned/shunned/muted and remove from the community trust me check freenode #gridcoin and @dopeshit.net being banned since I love to point out and rant ( comment and converse ) about things just like this and I have pointed out wallets like this and even if and its not the foundation as its gridcoin.us for the user name not test1234 and there are 100s of wallets with over $1,000,000 usd let alone over $100,000 in GRC even at this all time low record value we sit at now , imagine when Gridcoin is/was actually worth something before $30/$60hr hire a hacker happened for the 4th of July. There are tricks too , make new addresses and send yourself large sums of GRC to stake more often you don't actually need multiple gridcoinresear e projects like yoyo@home stopped sending Android work units. You have to be a whale or trust fund kiddie and spend lots of real cash or hack'n'hire and become part of the dev team and get paid part of that $48,000USD in 6 months that has been paid out . Do you want a new car? Or a 3 bedroom 2 bath house in a nice neighborhood with a 2 car garage on a decent plot of land in Tempe Arizona? Hell you will even have cash left to buy a nice media center 80"+ SHDTV or UHDTV and furnish it into a very nice home with that amount. Or you can drop cash money on the table and get a nice car. There is a reason the value is tanking and the leadership better change or wise up and think about their ethics... I love that everybody is noticing the shady backroom crap we cant see in the priv dev chan on Slack but they are killing Gridcoin out of greed. I advise you to STFU or you will end up like me posting on comments on steemit to point out this crap and I love that you and others have within the last week have noticed and posted what you see that is shady. Unfortunately things won't change unless we make them change and I stand right there with you and the others whom are standing up for the rest of us.
Jesus christ dude, calm down. No wonder you were banned.
Start by trying to convey your message properly. I would need to read this text a million times, probably rewrite it, to even understand all that you are saying. Paragraphs, proper spelling, proper punctuation etc. Does not have to be flawless, I can't write flawless either (not even close).
Then consider what you are accusing people of, and maybe you can understand why people do not like you. There is a certain way your message comes across, and it's not a nice way. Like how this poster formatted his question. He noticed something, he asks about it. Does it all in a civilised manner. Not that difficult right?
Gridcoin is not perfect, but we are a coin that stands and works for something. This is not just another Litecoin fork. With that come bugs and issues, those are things we will have to live with and work on.
See where I am coming from?
Thanks for your lengthy reply, First an foremost I was a BOINCER and I remain a BOINCER, I have nothing personal with any researcher or investor and I'm not affiliated with anyone or anything. I just want to know because I was seriously considering to drop some hard earned money into Gridcoin when the markets where to open again, but now I just don't know...
A year's worth of interest at 1.5%, on 36m coins, is 540k. So, why have these coins already earned 421k in ~11 weeks? Seems on-track to earn ~2m in interest over the course of a year, or 5.5%. What am I missing here?
probably owed interest?
These are the 2017 transactions for test1235
maybe someone in the know will explain to us, I have the same questions as you.
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