GridCoin (GRC)

INFO DETAILS
Created Nov 2013
Coin Proof Proof of Research
Algorithm Scrypt, BOINC
Supply N / A

GridCoin Info

After Bitcoin (created by Satoshi Nakamoto in 2008) evolved and matured, waste heat has increased exponentially to secure blockchains of itself and clones. The mining operation generates heat by testing millions of combinations of block hashes.

To replace this operation with a more useful proof-of-work, GridCoin introduces a novel algorithm based on work done in BOINC projects, in addition to requiring a multi-algorithm hash solution that is more secure than Bitcoin's single SHA-256 hash algorithm.

Mining participants may choose any official BOINC project including but not limited to Cancer Research, HIV, Alzheimer's, World Community Grid, Malaria, Mad Cow, DNA sequencing, 3d farm rendering, nanotechnology, protein structure modeling, Quantum chemistry, Drug discovery, Microgravity, Neutron star search, Cryptographic research, Large Primes, weather models, and much more. - source



Latest Tweets

GridcoinNetwork's Twitter avatar
GridcoinNetwork
@GridcoinNetwork

Gridcoin Classroom #4 starting now! Join here: t.co/leVX4CwuRv

GridcoinNetwork's Twitter avatar
GridcoinNetwork
@GridcoinNetwork

"What's going on with Gridcoin?" Gridcoin Community Hangout #45 starting in ~10 minutes! Find out how to join her… t.co/QVxK3B8uaJ

GridcoinNetwork's Twitter avatar
GridcoinNetwork
@GridcoinNetwork

Mine Bitcoin using @EveOnline to fund SETI research?! @PBSDS community suggests an even better alternative.… t.co/5MHhYVOM4x

GridcoinNetwork's Twitter avatar
GridcoinNetwork
@GridcoinNetwork

Gridcoin Community Classroom #003 is starting now! Get in here! t.co/sSUM413XiY

Buy | BTC - ETH - LTC