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RE: Gridcoin Solo: What's It Going To Take To Stake?

in #gridcoin • 6 years ago

Great write up! In your opening paragraph you say you recommend staking even though he had no GRC, are there advantages to staking and solo crunching over pool crunching? Or was this decided specifically for this experiment and write up?

Thanks for the article!

6 years ago in #gridcoin by
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     6 years ago 

    I recommended Solo to him because I was planning on kick-starting him. Benefits of being the Father-in -law. :-)

    There are a few benefits to pool mining.

    1. Lower cost of entry. You can start with 0 and just starting getting paid as you earn.
    2. Mildly simpler set-up. IMHO.
    3. Regular income feels pretty nice.

    There are also some benefits to Solo mining.

    1. You get your RAC and BOINC credits tied to your own CPID, which gives you that warm fuzzy feeling of accomplishment, not to mention the insatiable urge to re-purpose old computers as the competitiveness kicks in.
    2. You get to VOTE. You have to be tied to your own CPID in order to vote in the polls.
    3. I swear I had a third one but my mind went blank.

    Not a definitive list there, but it's a start.

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     6 years ago 

    Thanks for the reply, great info!

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