Magnitude RewardMagnitude is rewarded as follows
- A total magnitude cap for Gridcoin, currently 115000
- The users RAC
- The projects total RAC for all users
- The amount of active projects rewarded for
115000 * (( User RAC / Project Total RAC ) / Active Projects )
StakingWhen a wallet creates a new block on the chain, this is called Staking. Gridcoin uses "Proof-of-Stake", which means that the larger balance (Stake) you have, the larger the chance to create the next block.
The chance to create the next block depends on a few variables. Note that the difficulty changes every block.
Calculate number of stakes per day based on your wallet balance
Stakes Per Day = (10000 / Wallet Balance) * Network DifficultyCalculate the amount to stake once per day
Amount = (Network Difficulty * 10000)
CPIDsCPID is short for Cross Platform IDentification which is used on the BOINC platform.
BeaconsTo make the gridcoin network able to reward users on the BOINC platform it uses something called "beacons".
Beacons is a special transaction contract that a wallet transmits to make the network aware that it should track your CPID results. Without this process you can not be rewarded.
Remove yourself from GridcoinstatsAll information on Gridcoinstats is public data pulled from two sources, Berkeley Open Infrastructure for Network Computing and Gridcoin. You can not remove your historic information for Gridcoin as it's a public blockchain ledger, you can however create a second wallet, not connected to any data on-chain (like a CPID) to make transactions more anonymous.
To remove your BOINC connection to Gridcoin you need to tell each project that you participate in that they should not allow exporting your data, or that they should remove your account. Note that this would make future GRC rewards impossible.
Legacy Network Actions AddressesBefore the release of Gridcoin v5 all network smart contracts sent a transaction to a regular address, which none had the keys for. This was changed to use a proper burn method instead. (Github Source)
These addresses where used in the older versions for advertising smart contracts, such as beacons, polls, votes, messages etc.
Legacy Voting - Poll V1Poll v1 was removed on Gridcoin version 22.214.171.124 in favour for Poll v2. (source)
The first version of polls did not detect spoofed voting and had a less secure validation process. During the years there where many attempts to fix this problem within the voting protocol, with various success.
Poll v1 voting changed in version 126.96.36.199 at block ~734856 (source, source) to have a 5.67:1 for "Balance to Magnitude" weight. At this time a ActiveVote-Weight where introduced as well, to compensate for coins not active and balance the vote weight on active coins only.
Polls - Vote weightWhile votes may not always have a ruling outcome, there are votes that may require a minimum to comply with guidelines for the network. Since a large potion of the vote weight is in wallets that may never come online, or has been lost, the community introduced the Active Vote-Weight (AV-W) parameter. This gives a guide on how large the active community is and is usually used as a base for voting.
- Vote-weight: VoterBalance + VoterMagnitude ( ( TotalMoneySupply / TotalNetworkMagnitude ) / 5.67 )
- Total vote-weight: TotalMoneySupply + TotalMagnitude ( ( TotalMoneySupply / TotalNetworkMagnitude ) / 5.67 )
- ActiveVote-Weight: ( Average Difficulty * 9544371.769 ) + ( ( TotalNetworkMagnitude - Average Pool Magnitude ) * ( Average MoneySupply / TotalNetworkMagnitude ) / 5.67 )
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