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BOINC and GRIDCOIN?

Hello dajeepster 🙂

I haven't followed bitcoin at all so I can't help you much. Except maybe to point out something else that I don't know much about, but it is a BOINC project that has 'coin' in the name:
http://www.bitcoinutopia.net/bitcoinutopia/

There are others here that know more than I do, but I just had to at least say Hi!
 
GLeeM said:
Hello dajeepster 🙂

I haven't followed bitcoin at all so I can't help you much. Except maybe to point out something else that I don't know much about, but it is a BOINC project that has 'coin' in the name:
http://www.bitcoinutopia.net/bitcoinutopia/

There are others here that know more than I do, but I just had to at least say Hi!
Click to expand...

i looked into the bitcoin utopia.. and from what i've been reading, you don't need to be running boinc, and that you actually mine to a pool (not boinc) and that bitcoin utopia gets 15% of what you mine, and the rest goes to the "campaign" that is being mined for and it's ASIC... which doesn't sound boinc friendly at all.

whereas to participate in the boinc/gridcoin project, you need to be actively running boinc.

at least that's how i'm reading it.
 
GLeeM said:
I haven't followed bitcoin at all so I can't help you much. Except maybe to point out something else that I don't know much about, but it is a BOINC project that has 'coin' in the name:
http://www.bitcoinutopia.net/bitcoinutopia/
Click to expand...

If you want to invest in specialized hardware (AISCs miners that plug into a USB port), you can rack up a ton of boinc points.

Top users: a couple of them are doing 1 billion boinc points per day. 😱

Top crunchers on free-dc stats for boinc utopia project:

Top teams

Our current TeAm rank for boinc combined is 36 but our RAC rank is 56 I think because crunchers are investing in AISCs and racking up a c**pload of boinc points on this project.

However, your are only bitcoin mining (not a science project per se). On the good side, the bitcoin utopia folks are donating 85% of profits to research projects. Hopefully that's accurate.

Clearly this "boinc project" has massive credit inflation though. 🙄

What do you all think?

EDIT: you can buy a usb ASIC (2 GH/sec hashrate) for $25 here

Not sure how many ppd it'll do though (lowest end ASIC)
 
Last edited:
Nice scam!

Those Top BOINC crunchers will do anything to stay at the Top. If you could find something that computers could do to make a million dollars, then promise to give 99% to charity and give free BOINC credit you would make $10K 🙂
 
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