Imagine a Cryptocurrency More Expensive then Bitcoin. - GridCoin
BOINC - A Berkeley based distributed computing project, the largest grid network of combined processing power for scientific research got a reward for it's supporters. A reward comes in form of open source, decentralised crypto-currency, GridCoin, or GRC if you like.
The idea is to reward those who donate processing power for scientific purposes through POR (Proof of Research) and POS (Proof of Stake) concept.
By donating your CPU to BOINC project you are earning GridCoins and also support research such as genetic decoding, space calculation and advanced physics. So it's safe to conclude that GRC is to become "an universal measure" for processing power.
Who needs processing power?
Other then Science, current utilisation of CPU/GPU power goes to crypto mining. It's just a matter of days when those miners will realize they could do much more by "buying" distributed computing power instead of investing in expensive gear. On the other side, those expensive gear could not mine nothing forever, as they currently do. Mining to support science not only sustainable but rewarding.
Congratulations! Soon you will be paying gridcoins to mine bitcoins resulting in more gridcoins being produced. Time to invest. Prepare your wallets.
Start Here -> https://www.gridcoin.us/
Need few coins to get started, leave me your GRC address in comments! Need other help to get started, feel free to ask. Let's support the good cause.
Thanks for the post and welcome on steemit. I hope more and more will stop wasting computing power and energy and will join gridcoin.
I am strongly convinced that would be the next evolutionary step. It's not all about money, it's about sustainability, and this projects seems to be among first to reward money for producing sustainability. Interesting times to come!
Thanks for the warm welcome mate! I'll be looking forward to help this nice community.
Wellcome to steemit man! Good start! GRIDCOIN is one of our jewels here!
Take seat and enjoy the BOINC , GRIDCOIN and beyondbitcoin tags!
Thanks for the warm welcome mate! I'm glad that i found a place with supporters for this type of technology. Looking forward for a great interaction!
In my opinion GRC is effectively an alt-coin with a positive externality. If it were provided with the processing power put towards Bitcoin, great things could be achieved.
Absolutely. The way i see it, is not only has a future in serving as a reward, but also serving as a currency you could use to buy processing power. As the difficult increases and even ASIC becomes useless, distributed computing comes in place. But to be able to spend GRC, someone will need to produce more GRC. As the demand for GRC increases, so does the price, and more people get's involved, until we achieve exactly what you told. Complicated, huh :)
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