Hi @rahvin84, honestly i dont know if its the best idea ever to try to solo mine with 100 GRC. The reward for the research you are doing gets paid out together with the stake when you are staking. I currently have in my wallet something like 200 GRC and it say to me that iam staking in like 770 days.
Did you change the projects to cosmology@home ? this makes sense because in this project you can have a quite high mag with a lower grade CPU. Iam just asking because in the pool it seems you have researched SETI :) LHC@home is a solid project for an older CPU as well.
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Your estimated staking time is only taking into account POS staking rate, and therefore does not account for your magnitude. If you are contributing to research, your stake time is much less than the estimate.
I've got just over 1k in my wallet and I will say that I'm not too sure how accurate the estimated staking time is. I've consistently had an estimated staking time of 150 days, yet for the past two weeks I've been staking about every 2-4 days. That being said I would agree that 100 GRC is probably too little to be able to stake with within the 6 month reward window.
That is because the stake time estimate is for POS staking. If your mag is above zero, each mag unit will further reduce the time to stake (by increasing your chance to stake).
Hmmm... Sounds like I'd better stick to pool for now then... Although 1000 GRC is about $35 at the moment? Might be worth investing in to get the ball rolling
yep not too big an invest to get solo, iam thinking about the same since a few days. If it only would be easier to purchase ... but buying Bitcoins then going to an exchange to get Gridcoin is at least here in Germany not the most easiest task accomplished in 2 seconds ..
I have the same issue from South Africa. I have to jump through all sorts of hoops just to get my fiat into crypto. Even buying Bitcoin is a mission from here.
If it is only to aqcuire Gridcoin, I'd be happy to help. Just give me your email, and we can talk!
I managed to find a local exchange where I can buy Bitcoin with my cheque account so I'm sorted, but thanks for the offer!
Anytime! Welcome to Gridcoin! :)
Hey @jedigeiss Hmmm... I'm still learning and thought I'd give it a bash to see what the difference is between solo and pool mining. I read somewhere that GRCpool 2 (which I'm in) takes 20% of the rewards.
I was running LHC, SETI and NFS but they seemed to be out of work and then added Cosmology and Asteroids yesterday. I found SETI liked my GPU so far, while NFS and LHC were also giving me good returns on the CPU's. What projects would you recommend?
This is incorrect. GRC pool actually takes 0% of your earnings, and you pay a very small fee when you withdraw anything. The pool has entirely open financials, so you can see exactly what the pool is earning. It is phenomenally little.
I am misinformed then. Thanks @dutch for clearing that up
Yeah iam mining with the tool for quite a time ( you can even see me in the magnitude report) and I never had the feeling I get robbed ;)
Quite the contrary whoever maintains that pool is doing the hell of a job, a lot of features have already been added while iam there. Keep up the good work !
No worries at all! =)
There is a lot of misinformation floating around.
well actually this depends on what you really got under the hood.
There are some rules that apply while selecting a project (grcpool has an own page for that somewhere)
you can see a lot of this information and even a lot more on Gridcoinstats
what you also can see on this page is the max RAC for different kinds of CPUS, this is on the site for each project, so you can determine what your CPU may be up to in the end.
what i also use as an info is the whitelisted projects where you can see all the projects with all the possible crunchers and you can identify easily which ones NOT to do with a CPU :)
I will definitely check this out. I read Amicable Numbers is a good one to assign a GPU to but for some reason I'm not getting any jobs from them... Thanks for the tips!