Our great sponsors
-
-
-
InfluxDB
Power Real-Time Data Analytics at Scale. Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.
Most people regard having enough GRC to stake on average once a month is the practical minimum for solo crunching, so 5000 GRC is effectively the minimum bar for entry for solo crunching. Needless to say this is a giant challenge for many newcomers and greatly harms the growth of the network. The pools help with the problem by providing a way to earn GRC and eventually collect enough to solo crunch, but they have a drawback in that the project research when pool crunching is done in the name of the pool, not the cruncher. MRC sweeps that giant hurdle away. With MRC you can solo crunch with only about 1 GRC to start. You simply need enough to send a beacon advertisement (which is the new solo cruncher's way of letting the network know that they want to get rewarded for crunching). MRC will now allow a solo cruncher with an active beacon to request payment at intervals as small as 14 days from the last time they were paid. There is no minimum payment threshold, only the minimum time threshold. This request for payment is a "manual reward claim" request, which is where the name MRC came from originally. Note that what is going on under the hood is that the requester is sending out a "MRC" request contract that is attached to a transaction in the Gridcoin blockchain, which is picked up by the next staker, and causes the staker to stake the reward for the requester as a delegate. Essentially MRC is a form of delegated staking. Note that for this privilege the requester will pay a portion of their reward as a fee to the staker and the foundation. The total fee starts at 40% of the rewards at 14 days and then declines as 14/(number of days) as the interval between payments is increased. The foundation gets 80% of the fees and the staker 20%. These ratios were set and approved by official poll (id 651a3d7cbb797ee06bd8c2b17c415223d77bb296434866ddf437a42b6d1e9d89, https://github.com/gridcoin-community/Gridcoin-Tasks/issues/250).