RE: Why I am Very Disappointed by the Upcoming V8 Removal of the Magnitude Component of the Gridcoin Staking Weight

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Why I am Very Disappointed by the Upcoming V8 Removal of the Magnitude Component of the Gridcoin Staking Weight

in gridcoin •  2 years ago 

Does that seem to be the consensus now? I'm having issues keeping up with disparate opinions in multiple places, so I am genuinely asking if that is being born out?

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  ·  2 years ago (edited)

He is right. If your sole aim is to increase stake weight (starting from nothing - no hardware or GRC), that will become cheaper in V8.

I am mainly taking the angle of the miners that have existing hardware though. This is what I feel GRC and BOINC target - people who have idle hardware lying around already. They get hit by this change.

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Yup, that is what I though, oh and color me affected. I mean for goodness sake, have you checked out the prices / availability of gpu's lately. If you count power, hardware, etc., no reasonable person is buying "turn your spare cpu cycles into SCIENCE!" That was great two years ago, when I didn't junk old hardware, GRC was that hardwares last hope of surviving.