• Urgent notice: Conversion process from classic to research is underway!

    On the 10th Oct 2014, Gridcoin began it's evolution to become 'Gridcoin Research' - A hybrid POB/POR/POS cryptocurrency with no POW calculations neccessary for block creation (All computing power is donated towards BOINC).
  • We must reiterate: Gridcoin will soon cease to be a Scrypt POW coin!
  • If you hold GRC (classic), then you must immediately convert your coins to GRC Research coins (Through a proof of burn process).
  • It's of the upmost importance that GRC holders do not miss the conversion period. If you miss the conversion period, your coins will be destroyed.
  • Proof of burn transition deadline: 20th April 2015.

What is Gridcoin?

  • Gridcoin is a new peer-to-peer cryptocurrency that uses distributed computing (BOINC) to benefit humanity by advancing the progress of medicine, biology, climatology, mathematics, astrophysics, and more.
  • Unlike wasteful POW cryptocurrencies, the aim of the Gridcoin project is to shift computing power entirely towards BOINC projects, leaving POW in the dust.

Gridcoin's Features

Gridcoin's feature set is constantly evolving and improving, thanks to dedicated developers, a thorough testing team and a great community; below is a brief list of gridcoin's current features.
Graph
Proof-Of-Stake
  • Gridcoin Research used BlackCoin as a code baseline, and has implemented multiple innovative features ontop of their work.
  • In Proof-of-Stake, currency is not mined, but minted as yearly compound interest.
  • As a mint mechanism Proof-of-Stake uses the stake of the holder itself. The more stake he acquires the higher is the probability that he will mint a block to himself.
  • Read more about POS
BOINC Logo
Proof-Of-BOINC
  • To prove their contribution towards BOINC, it's mandatory that researchers install BOINC, registers for whitelisted projects, joins the official Gridcoin BOINC team then begins contributing more than the minimum RAC for reward.
  • When a researcher registers for individual BOINC projects, a cross project ID (CPID) is generated by BOINC and used by Proof-Of-BOINC to securely track BOINC contributions made by GRC Researchers.
  • Read more about POB
POR
Proof-Of-Research
  • Proof of stake (POS) and Proof of BOINC (POB) are tied together by Proof of Research (POR).
  • When a researcher generates a reward block, values from both POS & POB are stored in the block header to provide a point of reference and cryptographic proof.
  • Read more about POR
leccy
Scientific contribution offsetting carbon production
  • It is estimated that the Bitcoin network is currently using in excess of 76,000MWh a day of electricity on hashing sha256 alone.
  • By creating a mandatory competitive reward mechanism based on contributing the most towards BOINC projects on top of existing cryptocurrency technology, we aim to justify & minimize our carbon production in the form of being the first scientific philanthropic cryptocurrency.
Whitelist
BOINC Whitelist
  • Gridcoin has implemented a BOINC project whitelist to prevent shenanigans and improve Gridcoin's network security.
  • The Gridcoin community is looking into creating a thorough whitelisting process; Stay tuned for more info!
  • You can find the whitelist here.
science
Help advance science!
  • With gridcoin, not only will you be rewarded with GRC - you'll be helping to solve some of humanity's biggest problems such as disease, cancer, etc.
  • Even just by using gridcoin as a currency, you'll be helping establish the gridcoin economy - ensuring the thousands of BOINC contributors are able to cover electricity costs.
  • See how spare computing resources have helped advance science thus far: Project Publications
BOINC Logo

What is BOINC?

BOINC is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research. Its free, and harnesses the unused clock cycles from processors and graphics cards to aid in curing disease, exploring the mysteries of the universe, and more.

Types of BOINC projects

Interested in creating a BOINC project? Perhaps one of the following will suit you?

Volunteer
Volunteer/Non-Profit
Commercial
Commercial/For-Profit
  • Companies: use BOINC for desktop Grid computing.
  • Create a commercial BOINC project (such as a video rendering project), charge customer and distribute pay to BOINC contributors.
DAC
BOINC DAC
  • Create a decentralized autonomous BOINC corporation.
  • Create a decentralized company that anyone can profit from, and anyone can submit relevant work units towards for GRC.
  • Examples: Decentralized storage, virtual worlds/marketplaces, anonymous TOR BOINC projects.

BOINC Success stories

To see more success stories, check out the BOINC/project publications within the community section.

Downloads

GRC Research
Windows
Research MSI executable
Download
Download
Linux
Compiling guide
Linux Guide
Compiled packages coming soon
Source
Source code for Gridcoin relevant projects.
Github Source
In Development
GRC Classic
Windows
Classic MSI executable
Download
Final EOL version
Source
Source code for Gridcoin relevant projects.
Github Source
End of life - not compilable on linux
Windows Gridcoind
Windows compiled gridcoind.exe for gridcoin services.
Download
Final
BOINC Tools
BOINC
BOINC Download Page.
BOINC Download
Stable
3rd Party BOINC Tools
Complimentary 3rd party BOINC tools
Guide
Stable
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