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RE: Why I Only 'Mine' Gridcoin, and My Unusual ~200 TFLOPS Mining Setup
Wow - Very nice! There is no way I can compete with your setup! My small back office rig runs 24/7 overclocked to the bloody edge producing 330,000 RAC w/ 33 MAG (45 with 35% boost.) My wallet has a meager 3,800 GRC balance of which over 3,500 was purchased at an exchange in hopes of jump starting my staking chances. After 50 days I've only staked twice. First stake was the "newbie" / "gimme" stake of 1 GRC on 6/17, then over a month later my true non-newbie stake on 7/27.
To say I am envious of your results is an understatement. My results are quite disappointing. Certainly is deflating and depressing to know despite all my best efforts I could never obtain a tenth of your results.
Let me make an effort to inflate you then, and explain how you too are benefiting from my set-up.
Currently, competition on Gridcoin is still relatively low. It is increasing rapidly, but we are very much in the early days. As more and more people join the team, we will be increasing the compute power of the network. This means competition for the GRC minted every day goes up.
As a result of it being harder to mint Gridcoin, the price of Gridcoin will rise. It will further rise when research teams start using it to incentivise crunchers to compute for their specific project.
Compute added to network --> GRC price goes up
Every Gridcoin you possess or mine now, you will be able to sell for easily ten times that in future. This is thanks to competition from set-ups like mine. To add to that, there are set-ups running BOINC outside Team Gridcoin that utterly dwarf mine - soon enough they will join as well.
Your results are far from disappointing - they are just 'normal'. Almost everyone on Team Gridcoin will have a set-up similar to yours. You're doing great! Also, remember that research is not paid out from when you join, but from when you staked the noobie block. So, whatever you earned was earned between 6/17 and 7/27.