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RE: May 30 Days Writing Challenge - Day Five: What Are The Top 5 Crypto Assets You’re Investing In Now?
Gridcoin is an amazing project with an amazing community. We recently completed an updated white paper and are working on some fairly in depth developments for the coming months and years. Keep and eye out!
Website: https://gridcoin.us
Twitter: https://twitter.com/GridcoinNetwork
Discord: https://discord.me/gridcoin
Steemit: https://steemit.com/created/gridcoin
White Paper: https://gridcoin.us/assets/img/whitepaper.pdf
-- Github --
Codebase: https://github.com/gridcoin/Gridcoin-Research
Community: https://github.com/gridcoin-community
Are you from gridcoin? I heard of the project a while ago but forgot about it. It sounds incredible! I'd like to invest into this project in the near future once I consolidate a bit more since before steemit I literally had no money to invest.
Gridcoin is incredible indeed! This is one of the most clever use of blockchain technology IMO. Don't wait any longer! You can start crunching on the pool https://www.grcpool.com right now with no initial investment.
Need pc or can use a phone?
You can use a phone.
At the moment, Gridcoin rewards computations for BOINC. BOINC is unique in that some processing tasks function better on CPUs, Pis, or phones, and others function better on GPUs. We use a GRC specific mechanism called magnitude to make it so CPUs are not directly competing with high end GPUs.
In other words, you can "mine" (we call it "minting", or "crunching") with old hardware without worrying too much about become obsolete as new, expensive GPUs and ASICs hit the market.
It's a very unique project.
Ask around the discord server if you want more information -- every rig + project combination is different. The community is very friendly and willing to help people maximize their reward based on their situation.
If you want to learn more about magnitude, have a listen to this episode of a community podcast that works to cover the ins and outs of Gridcoin:
The Fireside Chat 05 - Magnitude Economics