11 reasons to start with Gridcoin

grider123 (62)in #gridcoin • 7 years ago

1. Cryptocurrencies are the future

Back in 2009 Bitcoin was launched. Since them the interest in cryptocurrencies and their value has greatly increased. In May 2013 one Bitcoin was worth about ~$120 in July 2017 one Bitcoin is worth about $2700! This clearly shows how Bitcoin and with Bitcoin all cryptocurrencies have envolved. With ripple (XRP) there is already a currency used by large global banks to allow international money transfers. It's clear that cryptocurrencies are the future! So you'd better start today learn everything about crypto. Be ready for the future.

2. Gridcoin is a good starting point to begin the journey into the world of cryptocurrencies

To start with cryptocurrencies maybe hard at first sight. But your journey will pay off in the end. If you want to start with Bitcoin you have to download a large blockchain that is about 130 GB big. You also have to buy your first Bitcoins and transfers are expensive because the fees are high. If you start with Gridcoin you only have to download a blockchain that is about 1 GB big. You can get your first Gridcoins for free from one of the faucets: 1 or 2 and start experimenting with the wallet fast and totally for free! The Gridcoin community is very friendly and likes to help new users to get started! Most of the things you learn about Gridcoin are also important for all the other cryptocurrencies. So starting with Gridcoin also helps you to understand all the other cryptocurrencies.

3. Gridcoin is a community driven product

Gridcoin is developed by a motivated community. We have software developpers, UI designers, marketing experts and many other interesting people in our community. You can actively participate in the development of Gridcoin in the area of your interest and get in touch with interesting people and start widen your horizons. You can learn new things and help Gridcoin to get bettter!

4. Gridcoin can be mined on your CPU!

Many coins like Bitcoin and Ethereum are hard to mine on consumer hardware. It is nearly impossible to mine a bitcoin just with your home computer. With Gridcoin it is possible to make up to $70 per month just using your CPU! More about this here. With a GPU you can make up to $103 per month. More about this here. And if the Gridcoin price rises your profit will be much higher.

5. Gridcoin supports humanity

When you mine normal Proof of Work cryptocurrencies like Bitcoin or Ethereum you wast your energy for solving a useless task. It is estimated that the Bitcoin network will consume as much energy as Denmark by 2020. In times of ressource shortage this is a major issue. Gridcoin uses the computing power that is used to secure the network to support science and humanity. With Gridcoin you can get paid to help researchers to cure AIDS, Ebola, Cancer or search for extraterritorial life!

6. Get mentioned in a scientific journal

The project Asteroids@home mentiones some of the volunteers that contributed the most computing power to their project in their scientific papers. If this isn't motivation enough I don't know...

7. Scientists lack the computing power they need

Many scientists don't have access to a super computer and their research does not get enough funding to allow them to rent a super computer. With Gridcoin you can earn money while support science! More here.

8. Gridcoin is here since 2013

Recently there are many new tokens and currencies that come out. Many of them collect money with ICO (Initial coin offering). Such coins often have a high market cap without delievering an acutal product. It is probable that some of them will disappear soon and many investors will lose their money. Gridcoin is an old coin that is out there since 2013! Gridcoin has a stable user base that is slowly growing and so does the price. Here are some thoughts why I think many ICOs will fail.

9. Gridcoin is ASIC resistant

For mining coins like bitcoin there are specially designed chips called ASCIS that can only be used to mine Bitcoins. This chips are expensive but use little power to mine this coins. This chips make it nearly impossible to mine Coins with your consumer hardware. Gridcoin does not have this problem. The task you solve Gridcoins are too different to be worth to create an ASIC for them.

10. Gridcoin rewards holding coins

Gridcoin pays an annual interest of 1.5 % on coins you hold. This makes Gridcoin attractive for long-term investement and due to that many users are holding the coins for a long time. This makes Gridcoin a good long-term investement.

11. Low fees and quick transactions

Bitcoin transactions are very high. To have your transaction processed within 6 blocks (1h) you pay roughly a transaction fee of $1.25! With Gridcoin you pay 0.001 Gridcoins for your transactions which makes $0.0000393951! And your transaction will be processed within 15 minutes!