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RE: Citizen Science Oriented GridCoin Price is at 50% of All Time High: Now is the Time to Go Solo!
So what has the gridcoin price to do with the decision to go solo crunching?
So what has the gridcoin price to do with the decision to go solo crunching?
To go solo, you have to acquire a certain amount of GRC (about 2000 as he writes) to be able to get rewards in a pleasant amount of time. Now, that the price is low/er, this is easier than when it rises again.
So you are rather suggesting to invest now. This is totally fine, but i can also stay in the pool till it payed me 2000grc or stay in the pool for convenience or because i like it as an account manager.
I went solo half a year ago, also because i want to secure the network. Just pointing out that the price is not one of the greater impacts on going solo :)
Okay, so we're in the same camp then :) I think it can be one of the greater impacts though, if you only have a low mag (lets say 4) make 1 GRC a day therefore and would have to pool-crunch for several years to be able to go solo.
Rewards for doing research on BOINC are given to solo miners when they stake a block. Your chance to stake a block is based on how many coins you have so if you don't have enough you might not stake in the ~6 months before the record of your research is lost. So a low gridcoin price means you can get more gridcoin for cheaper to allow you to stake and receive your research rewards.