http://www.gridcoin.us/
Perhaps you've seen their ad banner on boincstats.org, or on other BOINC related sites.
I've came across a thread about Gridcoin in a Hungarian forum, there were some help requests about installing and setting up the client.
I was interested in this idea, as it is quite the opposite of what the BU project is about.
So these were enough motivation for me to take action.
I've installed the Gridcoin wallet on one of my hosts, and joined their team (sorry about my previous team).
It was on 18th Nov 2015.
Since then I've received (mined - if you like, but it's not like mining BitCoin) ~4560GRC.
I don't fully understand Gridcoin yet, but it's similar to BTC in the way it stores the transactions in a blockchain and a so called "neural" nework, but the coins are not mined like BitCoins, as a wallet receives coins based on the magnitude of the wallet's owner. The magnitude depends on the RAC of the CPID assigned to the wallet. So GRC will function as a "legal tender" in a different way as BTC functions. (The rate of BTC/fiat currency should increase infinitely as there's finite BTCs could be mined but infinite fiat money could be issued.)
One use of GRC is to exchange it to other crypto currency (mainly BTC), and then exchange the BTC to a curreny which is accepted by the electricity provider, as BOINC credits are not exchangeable at all (either technically or theoretically - at least they shouldn't be), but the GRC is exchangeable.
I'm perceiving the Gridcoin team & currency as the EVGA team in folding@home. The EVGA team used to give away GPUs as a prize for their members. I consider it as a good way of building a team & fan base. So I have a dream of that the Gridcoin will grow big enough to be accepted directly by some hardware vendors.

This sounds very interesting. I still don't understand Bitcoin very well and this seems like a variation on the theme. I'll do some research. Thanks for the info.

FWIW I joined a couple of months ago. Word seems to be spreading fast these days. 4,200+ members running BOINC projects according to BOINCStats. Don't know what it will do to the value of Gridcoin but it is interesting.

FWIW I joined a couple of months ago. Word seems to be spreading fast these days. 4,200+ members running BOINC projects according to BOINCStats. Don't know what it will do to the value of Gridcoin but it is interesting.

This page can help with that, just be sure to select the GRC Gridcoin and not the other kinds of Gridcoins:
https://www.cryptonator.com/converter

Right now this morning Retvari's 4560 Gridcoins are worth:

4560 GRC = 86.64 USDollars

I used to do this but thru some self induced problems quit, I reinstalled the wallet software on a different pc and changed the password in the process. Yes I logged out and then logged back in again, but when I tried to log into the new software on the new pc it wanted the old password which I had deleted! Since it was a machine generated one and I had tested that the new one worked and I had deleted the old password, I am out of luck and my Gridcoins are now lost to me forever!

For those of you wishing to pursue this please remember that the software must be running for you to get your Gridcoins, mine came every couple of days or so, AND you must have your wallet unlocked as well for them to be deposited into your account.

... Since it was a machine generated one and I had tested that the new one worked and I had deleted the old password, I am out of luck and my Gridcoins are now lost to me forever!

The wallet is stored in the %AppData%\GridcoinResearch\wallet.dat file, so if you want to transfer your wallet to a different PC, you have to copy this file to the new host before you create & begin to use the wallet, or else it will be a different (empty) wallet with a different wallet ID (address). You can change the wallet.dat any time, but it's impractical to change a wallet which already in use.
If you haven't copied this file, then you can install the GridCoin client to your old PC, and transfer the coins to the new wallet by sending them to the new address.

... Since it was a machine generated one and I had tested that the new one worked and I had deleted the old password, I am out of luck and my Gridcoins are now lost to me forever!

The wallet is stored in the %AppData%\GridcoinResearch\wallet.dat file, so if you want to transfer your wallet to a different PC, you have to copy this file to the new host before you create & begin to use the wallet, or else it will be a different (empty) wallet with a different wallet ID (address). You can change the wallet.dat any time, but it's impractical to change a wallet which already in use.
If you haven't copied this file, then you can install the GridCoin client to your old PC, and transfer the coins to the new wallet by sending them to the new address.

Thanks I did not know that, unfortunately just quickly looking it seems I have deleted everything, but a more thorough search, even thru backups, may still find it.

Just a short status update: now I have 10k GRC.

Just a short status update: now I have 10k GRC.

According to here:
https://www.cryptonator.com/converter


You have...10000 GRC = 169.9 USD or
10000 GRC = 79.9 EUR

Just a short status update: now I have 10k GRC.

According to here:
https://www.cryptonator.com/converter


You have...10000 GRC = 169.9 USD or
10000 GRC = 79.9 EUR

Then there is something wrong with the converter. In the real world 1USD < 1EUR.

---

Greetings from TJ

I have been on Gridcoin for a year, its been very much worthwhile.

It would be great if this project would add a GRC donation address, I would send some over. The project could choose to convert to fiat, or, run Gridcoin themselves (only needs a couple of PCs to make good returns) and earn more GRC that can be used for funding... Im on the Gridcoin forums/reddit and would get the message out...

Getting myself setup with this now. Am I correct in thinking that since Gridcoin uses my CPID to track me, I do NOT need to install a client on all my crunching machines?

Getting myself setup with this now. Am I correct in thinking that since Gridcoin uses my CPID to track me, I do NOT need to install a client on all my crunching machines?

Yes. But all of your hosts have to have the same CPID.

Getting myself setup with this now. Am I correct in thinking that since Gridcoin uses my CPID to track me, I do NOT need to install a client on all my crunching machines?

Yes. But all of your hosts have to have the same CPID.

Okay. Thanks.

30k GRC :)

214.38$ minus all fees for the transfer to fiat >-)
market cap 18.12 2015 4 445 xxx $
- - 15.03 2016 2 654 xxx $
hmm

30k GRC :)

Me too! :-)

First of all: Zoltan thanks for your initial help via PM! I thought I have set up Gridcoin on my computer with your help!

However, when I checked today, no additional (fraction of) Coins after two days of crunching! And after I have restarted the computer the seven and something Coins (I have reseived for free from different sites to start with) vanished! No positive balance no stacking:-(.

Additionally, Gridcoinresearch.exe uses up to two (02) CPU threads! Besides of this it does nothing!

Has it to be that frustrating to get better? I will spare the readers with my other thoughts...

However, when I checked today, no additional (fraction of) Coins after two days of crunching!

Sometimes a few days go by without "payouts." To check what you are currently owed look up your CPID on this site.

And after I have restarted the computer the seven and something Coins (I have reseived for free from different sites to start with) vanished! No positive balance no stacking:-(.

When you restart the Gridcoin Wallet, does it say it is syncing? Also, sometimes rebooting the computer without shutting down the wallet first produces errors in the gridcoinresearch.conf file which then needs to be rebuilt. Try creating a backup for this file in case this happens.

Additionally, Gridcoinresearch.exe uses up to two (02) CPU threads! Besides of this it does nothing!

On my PC it will occasionally put a large load on the CPU, but only for a few moments.

However, when I checked today, no additional (fraction of) Coins after two days of crunching!

Sometimes a few days go by without "payouts."

That would not be a problem, if I am sure it is working.

And after I have restarted the computer the seven and something Coins (I have reseived for free from different sites to start with) vanished! No positive balance no stacking:-(.
When you restart the Gridcoin Wallet, does it say it is syncing?

Yes, it does say syncing, it said so for hours. What does it mean?

Additionally, Gridcoinresearch.exe uses up to two (02) CPU threads! Besides of this it does nothing!

On my PC it will occasionally put a large load on the CPU, but only for a few moments.

This seems correct.

That would not be a problem, if I am sure it is working.

Did you check the site I linked you to? Also, in Windows check your Resource Monitor. If gridcoinresearch.exe is in there somewhere you are fine. It's running. Do you have a firewall in place which may be blocking Gridcoin transactions? I had to allow some exceptions for it within Malwarebytes.

Yes, it does say syncing, it said so for hours. What does it mean?

From my experience, this means it has lost the blockchain. Try "Rebuild Block Chain --> Download Blocks" from the wallet toolbar if it seems to be taking a long time to sync. I once had to give it over a day to sync up when I had improperly (for the program) shut it down. Additional help can be found here.