Rewarding BOINC computation CM

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Presentation transcript:

Rewarding BOINC computation CM

Personal History My first encounter with SETI/BOINC was witnessing the SETI screensaver running on my dad’s computer when I was ~13. Got seriously into BOINC in early 2014, shortly after Gridcoin’s release (late 2013); I ran a 6kWh cluster of 2nd hand servers & AMD GPUs. I began developing the Gridcoin website whilst working at HP:ES as an Infrastructure Test Analyst (during downtime). After leaving HP:ES, I began dedicating a significant amount of my time towards organizing the Gridcoin community and working on related projects. I’ve helped organize 38 Gridcoin hangouts & 8 BOINC project admin interviews in the last year. Currently studying an MSc in Data Science and working on multiple cryptocurrency projects in my spare time.

What’s Gridcoin? Gridcoin is a cryptocurrency (similar to Bitcoin) which rewards BOINC computation (completed within team ‘Gridcoin’) in a decentralized manner. Aims to help offset BOINC electricity costs & improve user retention. Launched in Oct 2013 by Rob Halford. Initially utilized ‘Scrypt’ Proof of Work consensus mechanism, switched to Proof of Stake in late 2015 due to arrival of ASICs. Achieved 1st place in FormulaBOINC 2016 and have further increased our team’s lead in 2017 by 25%. 1st place in Avg Credit. 2nd place Total (historical) credit, 1st place in approx 2 weeks time!

How do you earn Gridcoin? Investor mode Earn 1.5% APR on balance via staking blocks Solo cruncher Requires an initial GRC investment. Earn BOINC rewards without a middleman. Rewards realized upon staking a block (GRC Balance influences staking frequency) Pool cruncher No initial investment required. Rewards distributed to crunchers by pool on a schedule. BOINC stats only tracked by pool; BOINC stats presence forfeited.

Gridcoin’s Future Removal of the mandatory team requirement. Re-architecting Gridcoin to improve: Security, reliability & decentralization. Scalability (Rewarding the entire BOINC community). Reward calculation accuracy (comparing total credit instead of RAC). Statistics gathering politeness (Preventing the accidental DDOS of small scale project servers in the future). See the Gridcoin-Research github wiki & issues for more info on plans & developments.

Github BOINC issue #2087 Introduction of a single 'user data' field to the profile New minimized xml gz stats file proposed (less intrusive to existing xml & reduces bandwidth strain on project servers). Improves ease of proving CPID ownership within external systems. Provides an opportunity for competition against the Gridcoin network. Competition inspires innovation, so the more BOINC tokens the better.

Where to find more about Gridcoin? Official website: www.Gridcoin.us Github: /gridcoin/gridcoin-research/ /gridcoin-community/ Community Links: Steemit #boinc & #gridcoin Reddit /r/boinc & /r/gridcoin Cryptocurrencytalk.com (gridcoin sub-forum) Slack, Telegram, Mumble, Discord : Linked on main website. Any questions?