Tuesday, October 18, 2016

How to CPU Mine Some Popular Cryptocurrencies – Participate in Distributed Proof of Research

How to CPU Mine Some Popular Cryptocurrencies – Participate in Distributed Proof of Research

GridCoin is an innovative cryptocurrency that uses neural networks to ascertain how much research has been done by each user across Berkeley Open Infrastructure for Network Computing (BOINC) projects, utilizing a decentralized network of computing power. Some projects enable GPU mining but others are exclusively CPU. The best case for CPU mining is to check the projects that are CPU only and use the pool http://pool.gridcoin.co.

One example is the World Community Grid which utilizes computing power to make a contribution toward understanding and finding cures for diseases and sponsored by IBM. By donating space computing power, you help scientists solve the world’s biggest problems in health. Also, there is the University of Oxford’s climate modeling and prediction project. Instead of Proof of Work à la Bitcoin, Gridcoin’s method is known as Distributed-Proof-of-Research.

By participating and devoting computing power, you can obtain payments for participating in one or more of the BOINC projects.