[–] 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
[–] Mateon1 0 points 1 point 1 point (+1|-0) ago
No, it is in fact 5000 gridcoin for the 4.11 US dollars.
When you calculate the mining income, it's several orders of magnitude better than Bitcoin. Even 2 years ago, when Bitcoin prices were lower and it was easier to mine you couldn't mine nearly anything worth much, unless you had an ASIC or a top-end GPU. Also, I did miscalculate. I earned almost 9000 gridcoin, at the time of making the previous post I was upgrading the Gridcoin wallet software and syncing my blockchain, not all of my transactions were synced yet. Simple calculation reveals that this equals roughly 7.39 US dollars.
I own a relatively weak PC, so having mined that much just with idle CPU and GPU cycles is pretty amazing. I have a 4 core CPU at 3.6GHz (I always have one demanding application running, so pretty much 3), and a quite old nVidia graphics card.