Earning Byteball and Gridcoin crunching WCG

in gridcoin •  6 months ago

Today I read an interesting article about Byteball on blockchain technnews. Byteball has started rewarding World Community Grid (WCG) participants for their contribution to the project. Byteball is a well established cryptocurrency which is trading on exchanges like Bittrex since beginning of 2017.

WCG is also one of the whitelisted Gridcoin projects and members who are crunching this project have now an attractive opportunity to earn another coin while crunching for Gridcoin. You can earn $1.00 (in Bytes) for every 150,000 points generated. This is obviously a different metric than the reward allocation based on RAC and magnitude for Gridcoin.

Software installation

It takes two steps to start receiving Byteball:

  • Install the Byteball wallet
  • Establish the link between the wallet and your WCG account using the “World Community Grid linking bot”, which you can find in the Bot Store in your wallet

Further setup information can be found here.

Start-up bonus

When you are an existing WCG contributor, there is a start-up bonus available where you will receive a one of reward depending on the points generated so far. The following distribution will be applied:

  • $0.20 for 100,000 to 1,000,000 points
  • $3.00 for 1,000,000 to 10,000,000 points
  • $40.00 for 10,000,000 to 100,000,000 points
  • $150.00 over 100,000,000 points

@steemmillionaire has already confirmed in the comments section below that the start-up bonus is really awarded. Hopefully more people will enjoy this extra benefit.

GRCPool

There is also good news for GRCPool members because the pool is already participating in receiving the coin. You can read more about it here

So after having received your Byteballs, you could of course sell them again on the Exchange for Gridcoins to further support this fantastic coin!

Happy crunching!

Gridcoin is an open source cryptocurrency (Ticker: GRC) which securely rewards volunteer computing performed upon the BOINC platform in a decentralized manner on top of proof of stake.

BOINC (Berkeley Open Infrastructure for Network Computing) is a distributed Internet platform and was launched beginning of 2002 and it rewards participants with credits for performed work. BOINC is an application available for multiple Operating Systems and uses the unused CPU and GPU cycles on computers to perform scientific work.

Thanks for reading. Follow me for more BOINC & Gridcoin related articles.

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Thanks for this info! ... just linked my WCG account and I confirm the receiving of 146,515,880 bytes (≈ $39.26)

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Thank you for the confirmation and enjoy the start-up bonus, really impressive!

just learned about this. Wonder if the startup bonus still available?

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It is still valid so go ahead.

This would be even better if changelly supported Gridcoin. That way, we could make direct exchanges with a fee of 0.75%

Thanks! Received my 765.931 bytes (o.2cents) for my 155.350 points in wcg :)

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Good to see that it is working for you as well... :-)

Good to see some more friendly competition for gridcoin coming.

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I don't really see it as competion but more as an extra income stream for Gridcoin crunchers. You can remain a dedicated Gridcoin member but collect some Byteball at the same time, which you could convert into Gridcoins again :) .

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