Sorry for the barrage of questions but I'm just eager and curious
How much is a Gradcoin worth at the moment? also I'm assuming you imagine the future of it is going to do well and take off more than the bit coin if thats where you're putting your money?
[–] Mateon1 0 points 1 point 1 point (+1|-0) ago
At the moment it isn't worth much. The price fluctuates quite a bit. As more people get into gridcoin, we can expect the value to increase.
Right now the exchange rate is 0.0000028 bitcoin per gridcoin, which translates to ~0.82 cents per single gridcoin. In a month with a 4 year old computer with some newer parts I managed to mine a bit over 5 000 gridcoin in PoR payments only. So ~4.11 US dollars at current exchange rate in a month. This is a noticeable amount, but nothing spectacular.
An investment is always a risk, but I believe Gridcoin is a stable cryptocurrency. I'm not an economist, but it has a stable base community, and is constantly improving. Gridcoin only needs more public outreach, so more people invest in it, strengthening its value.
Note: You shouldn't trust random strangers on the internet with your money, investments can be risky, Gridcoin being no exception. If you do want to invest, do your own research as well.
[–] sodypops [S] ago
Haha i fully understand and I highly appreciate you telling me to be cautious
just to make sure I understand that thats 5 grid coins of a specific type that is ~4.11 not an actually 5,000 ~4.11 cause that would be sad lol
That being said once I get back home to the states ill probably make a rig for myself and start mining then work on PR for GridCoin (marketing major) and try to get more people to sway towards us to help our investment
BUT i'm gonna look into a little further obviously to decide if its what I want