It seems good GPUs and high RAC is important here. I had some no work issues and error units and time out units, so it took almost two months to get 200 GRC. :)
Now I changed project to SETI as my slow GPU can't finish long runs on time and get paid 20grc in about a week...

It seems good GPUs and high RAC is important here. I had some no work issues and error units and time out units, so it took almost two months to get 200 GRC. :)
Now I changed project to SETI as my slow GPU can't finish long runs on time and get paid 20grc in about a week...

Gridcoin pays out based on your relative contribution to the Gridcoin team's RAC on a project. It's possible you could earn more overall points on GPUGrid, but with a slow card your relative contribution as compared against other team mates on the project will be very small. However, if you work on a project which can make better use of a slower card, and especially projects which have fewer people crunching, you can make a relatively larger contribution and thereby earn more GRC.

It's not a useful e-currency ATM & until you convert it into one (bitcoins) it's of theoretical value only. Also, it's value against the bitcoin is steadily falling, & there are very few conversions; not many people want to buy Gridcoins.

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I have tried to convert GRC to US Dollars on c-cex.com to buy real things like an additional GPU. But the site seems not to work at all.

So this leads me to a nasty question: Has anybody at any time spent some GRC in the real economy? Or are we all staking for the promise it would get a real value in the future?

If anybody has an idea, how to convert the GRC to spendable US Dollars - and it works - let me know.

I've not yet tried as I am sitting on it currently to see where the price spikes lead us. Currently sitting on $1500 "USD" worth of Gridcoin. As to whether I can get that into USD with the same number value is another question.

There we are. My savings are not has high as yours, but it would be enough to set up another system or to buy a GTX 1080. Not even the fees for converting scares me away! I want to know if it is something real or just a promise.

I've not yet tried as I am sitting on it currently to see where the price spikes lead us.

It's like the stock exchange. If you wait too long, maybe the spike is over. You can never be sure of the future.

Currently sitting on $1500 "USD" worth of Gridcoin. As to whether I can get that into USD with the same number value is another question.

The lower the price you set, the faster you can convert it to USD. If it's not urgent, then it's practical to set a higher exchange rate (than the current highest rate), and not to sell all your GRC to USD at once. When you've sold some GRC for USD (a spike came), then you can re-evaluate the situation, and set the volume and the exchange rate of the next transaction accordingly.
Before you ask: I've not tried it yet.

So for all three of us, it is still a theoretical endeavor… anybody converted to real money?!

PS retvari, side question I have seen that your RAC has fallen significantly in the last weeks, is it just the heatwave or something else?

So for all three of us, it is still a theoretical endeavor… anybody converted to real money?!

Not yet, but I've successfully registered on https://c-cex.com.

PS retvari, side question I have seen that your RAC has fallen significantly in the last weeks, is it just the heatwave or something else?

It's the summer. I've put my GTX980Ti hosts offline until September, as my electricity bills exceeded a certain threshold :)

I've got 25 USD for 438.1 GRC :) Theoretically.

Holy crap the price just keeps going up, we're almost at 6 cents per gridcoin

I've been selling my mined Gridcoin (and buying more when the price is good) since February. I usually operate on either Poloniex or Bittrex exchanges. You can sell your Gridcoin for Bitcoin on the exchanges and then sell your Bitcoin for USD on a site like Coinbase.

Not yet, but I've successfully registered on https://c-cex.com.

This is my primary problem; I am waiting for their confirmation e-mail since last Friday. I insisted on their customer support several times without any success / answers.

Holy crap the price just keeps going up, we're almost at 6 cents per gridcoin

That’s the reason I would like to sell now.

I usually operate on either Poloniex or Bittrex exchanges. You can sell your Gridcoin for Bitcoin on the exchanges and then sell your Bitcoin for USD on a site like Coinbase.

I would like to avoid using several sites for the transaction as I assume that you are losing at each transaction twice.

Not yet, but I've successfully registered on https://c-cex.com.

This is my primary problem; I am waiting for their confirmation e-mail since last Friday.
I insisted on their customer support several times without any success / answers.

Have you checked your spam folder?

Holy crap the price just keeps going up, we're almost at 6 cents per gridcoin

That’s the reason I would like to sell now.

Surely the high exchange rate is the first thing that catches your eyes, but you should see the trade volume at the bottom of the same graph. If the volume is low, you could not sell your coins instantly at the high exchange rate, as there's no call for GRC at that high exchange rate. If you want to sell your coins instantly, you have to set the exchange rate of your sell orders to meet the entries in the buy orders tab, but in this case you accept the lower exchange rate set by the buyer, and this would make the exchange rate decrease.

yes, I did check the spam. this is not the problem. password might be too long with 22 digits.

So with Gridcoin up 35% in a day pretty much 100 folding us early investors' money, does anyone have any predictions of where this will end up?

So with Gridcoin up 35% in a day pretty much 100 folding us early investors' money, does anyone have any predictions of where this will end up?

As far as I understand, Gridcoin differs from BitCoin fundamentally, as GridCoin is a FIAT money (there could be made as much as we want), while finite BitCoins could be made (=be mined). So compared to any FIAT money (crypto currencies, or real-world currencies) BitCoin's exchange rate would rise infinitely (in theory), especially after all have been mined. This is not the case of GridCoin, as it is a FIAT money. Its exchange rate is completely made up by the behavior of the parties of (crypto) coin exchange, so you can't predict its exchange rate, as there are many many people (and currencies) involved. You should not trust any predictions, even those I imply at the end of this post. I wonder if it ever will come to light what happened this time (if there was some kind of external event, or it purely comes from the behavior of coin exchange) which caused this dramatic spike in GRC's exchange rate. If it's based only on the coin exchange, then those who have many thousand GRCs to sell for USD should do it now, but do it in many small (~1000 GRC) packets in a rising exchange rate (by 0.001 USD/GRC) to motivate GRC buyers (as they would feel that they have to buy as soon as they can, or else it will go even higher. If you put all your GRCs in a single packet that would make buyer to feel safe and delay, meanwhile those who want to sell their GRCs fast will put theirs in at a lower exchange rate). But don't blame me if you sell all of your GRCs, and GRC doubles its exchange rate next week, as this could be caused by your actions itself. But it's completely possible that the exchange rate will return to its previous level.

I have tried Gridcoin mining too and still have a problem with low or no earings at all .. and would kindly ask you to help. I have >900K RAC at GRPUGRID and Rosetta running as well. My magnitude is 95 and Exp PPD is 21. But still the Act PPD is 0... and my last +1 GRC earing received 13 days ago. 11 GRC balance only in the wallet, but that should not affect the reward for research.



Beacon is set and everything seems OK... do you know what is going on?

Thanks!

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I would love to see HCF1 protein folding and interaction simulations to help my little boy... someday.

I just wanted to report back: I have filled gasoline in my car at the petrol station and paid with Gridcoins (GRC) this afternoon.

Hold on! Not so fast!

I changed GRC to BTC at the http://www.poloniex.com exchange then I forwarded it to my http://www.xapo.com account and paid with the recently acquired Debit card from http://www.xapo.com. I do not know and I do not want to know, how much I lost in all the fees on all these steps, but it works, I paid with GRC for something real.

I figured out, that I might fill my tank once in a month (at the actual value of USD 0.04/1.0 GRC), and still save some coins for the next spike of its value – but do not get to enthusiastic it does not pay the electric bill nor pay back the computer components.

I have tried Gridcoin mining too and still have a problem with low or no earings at all .. and would kindly ask you to help. I have >900K RAC at GRPUGRID and Rosetta running as well. My magnitude is 95 and Exp PPD is 21. But still the Act PPD is 0... and my last +1 GRC earing received 13 days ago. 11 GRC balance only in the wallet, but that should not affect the reward for research.



Beacon is set and everything seems OK... do you know what is going on?

Thanks!

Ask for help in https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin-help. The moderaters are very helpfull, and will guide you step by step. Or try a pool: https://www.grcpool.com. This seems to quite easy as well.