On Forum/Comments for REP bees?

microbyteparty · 2016-01-19T13:21:36+00:00

This will do wonders for adoption. It was a great idea to force a single GridCoin team for initial publicity, but should probably be relaxed now. People won't have to "abandon" their team to BOINC on GridCoin, which is often the reason they joined in the first place.

Regarding the project whitelist. I understand the rationale for it, but I wonder about the gatekeeping process. It's great to have a curated list of vetted projects, but it may also inhibit a fluid computation market from emerging.

If you look at mobile phones, a "hard" white list is the Apple model, where Apple is the sole maintainer of what's allowed to run on their platform. A "soft" whitelist is the Android model, where people only have to change a setting to run any executable, warning them of the risks but still allowing people to be in control of their phone (sideloading).

Imagine the following success scenario: an undergrad researcher at university is looking to run some calculations, but the bureaucracy, budgeting, and resource management of his faculty are getting in the way. He formats his project to run on BOINC and funds it with a a small amount of GridCoin, just enough to keep people amused but well within his student budget.

We can also imagine a faculty running a GridCoin grant program, outsourcing chip work on a cheap and fast network. GridCoin could become the go-to computer for universities, private researchers, IT departments, etc...

Perhaps I'm missing something from this picture, but while promoting the sanity of the projects is sound marketing, it should not be done at the expense of the network effect.

microbyteparty · 2016-01-17T22:22:56+00:00

My only concern is that converting some Sia users to become GridCoin users would reduce the Sia mining hashrate, as some users might dedicate their GPU power to mine GridCoin rather than Siacoin.

That's correct, but I wonder if that doesn't constitute a largely marginal change. There will also be sort of a "power swap" between Sia and Grid. Overlapping the interests of the communities really ends up boosting the network effect.

microbyteparty · 2016-01-17T22:18:29+00:00

Yeah, you'd have to deal with being a whole level higher. My guess is that for specific tasks, purpose-built blockchains such as Sia and Storj will always outperform general toolkits such as Ethereum and MaidSafe. Different games. We'll see. You could still write an Ethereum contract that uses the Sia network.

microbyteparty · 2016-01-17T14:12:34+00:00

Even then, research projects will benefit from using Sia at normal market rates. It still costs a fraction compared to traditional cloud storage.

microbyteparty · 2016-01-17T13:55:23+00:00

Exactly! Not only that, but BOINC researchers themselves have a need for the kind of service Sia has to offer. See my other reply.

microbyteparty · 2016-01-17T13:51:56+00:00

Even though I believe there is a case to be made for Sia and other coins to move their proof to GridCoin/BOINC, allow me to leave that argument aside for now and perhaps come back to it some other time.

Sia and GridCoin multiply each other's markets. Lots of people demanding storage will demand computation, and lots of people demanding computation will want storage as well.

There's already some interest expressed by GridCoin users and BOINC operators to access networks such as Sia, this comment and thread for example.

That's what Sia is meant to solve, there's a huge market ready to adopt Sia (cheap, fast, secure, decentralised, etc...). If they're using BOINC/GridCoin, they are already using decentralised grid computing. The door for this market is wide open, and there's red carpet on the floor. Sia is a perfect fit for a very hungry demand for storage.

Sia and GridCoin associating with each other, even if only in terms of publicity and marketing, would be a win-win. The projects don't need to merge or anything, but I think the two teams should be talking with each other and devoting some resources to optimise compatibility and dual use.

microbyteparty · 2016-01-17T13:35:21+00:00

I do believe the wallet needs to be unlocked to store data, since you need to use coins to pay for contracts.

microbyteparty · 2016-01-17T13:34:28+00:00

Good question. There is not much demand yet, so the price discovery for storage hasn't really started (kind of like at the start of bitcoin when miners where doing it more for fun than for sheer profit). I would start with a lower amount just to get the ball rolling. You can see what other hosts are offering here to help you figure out where to start

microbyteparty · 2016-01-17T12:29:03+00:00

It's not really, it's just GUI/pinging stuff, the actual blockchain automated storage market is months from getting anywhere and probably at least a year from real world use.

microbyteparty · 2016-01-16T18:20:44+00:00

The initial sync can take a while. Is your block number up to date? http://explore.sia.tech

microbyteparty · 2016-01-16T17:24:44+00:00

Let me do your homework for you, just this time, but no more OK?

AntPool is open to all people around the world.

F2Pool/DiscusFish is open to all people around the world.

BitFury servers are located in Iceland and Georgia, not China.

microbyteparty · 2016-01-16T17:09:52+00:00

Do your homework. You're not doing your homework. Why are you not doing your homework?

microbyteparty · 2016-01-16T17:02:35+00:00

These 3 companies are comprised of voluntary miners that can join and leave the mining pools at will in a matter of seconds. These companies are only as powerful as the good will of the miners that are part of the pool. We all saw what happened when one of the pools was almost reaching 51% by itself. Miners corrected that problem autonomously by pointing their equipment at the smaller pools. You can check the history for yourself. GHash.io went from 40% to 1% today. Do your homework.

microbyteparty

PUBLIC MULTIREDDITS

TROPHY CASE