Blockchain Coins for Crunching Science with your PC
Approximately 50,000 Gridcoins are generated each day through the DPOR reward mechanism.
- Solo Crunching
a) ADVANTAGES
Your individual user statistics are tracked across multiple BOINC and Gridcoin statistics websites.
By regularly staking, you're processing broadcast transactions and helping secure the Gridcoin network.
You can vote using your balance and DPOR weight within the client. You lose this ability when pool crunching.
b)DISADVANTAGES
Since Distributed Proof of Research (DPOR - BOINC reward mechanism) is rewarded on top of the Proof of Stake cryptocurrency reward mechanism, an initial balance of Gridcoin is required in order to continuously stake blocks. A desired increased probability/frequency of staking requires an increased Gridcoin balance.
Solo Crunching Guide
- Pool Crunching
b)ADVANTAGES
No need to stake or acquire an initial balance of Gridcoin in order to earn Gridcoin.
Users with a low Gridcoin balance in their wallet (less than several thousand) earn Gridcoin rewards faster using a pool than through solo-staking. You can switch to solo-staking once you've built up a sufficient balance capable of staking at the frequency you desire.
c)DISADVANTAGES
Pools charge fees on earnings.
Pools introduce centralization to Gridcoin.
You cannot use your DPOR weight to vote on polls within the Gridcoin client.
Your individual BOINC statistics will likely only be reported on the pool website, all other BOINC/Gridcoin stat sites will report stats only for the pool's BOINC account.