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RE: The Total and Utter Noobie Guide to Successfully Solo Mining the Cryptocurrency Gridcoin
Okay, Thank you sir :)
I will do a little research on the mining power it needs to pull some profit from Gridcoin.
I hope it is still in Khps or atleast ~2Mhps ( as I don't have that much power in my computer and graphics card is not that good.
But I will look at this coin. And probably use your tutorial if my calculations come up.
Thank you :)
"Mining" Gridcoin is essentially different than other coins. We are not wasting computing power by calculating useless hashes but rather perform scientific calculations for which we get rewarded. Negative point is, that we can't provide Mh/s or something like this, since it depends on the project you choose. There are some projects which profit from older hardware, for example the best graphics card for milkyway@home is the r9 280x which is quite some years old now.
But even if you can't or don't want to mine you can still invest and gain status as an Investor. You are getting annual 1,5% for the coins you hold and the investment price isn't that high right now, so maybe give it a try ;)
You cannot compare hashing power when it comes to mining Gridcoin. Because you are contributing to actual science, it can also only be done with CPUs and GPUs - not ASICs.
Generally speaking, the better your hardware, the better your mint. We generally compare GPUs by their GFLOPS, and CPUs by their generation and clock speed in MHz.
See these:
CPU Return
GPU Return