RE: Investigating the Pomegranate Network Mining Gridcoin

[cm-steem]

So they lent the GRC to another entity then got them back? So there has been a zero net loss of donated GRC? If it ends up going to the same equipment fund, did the donated funds not serve their purpose in the end?

This to me looks like one of the first times known BOINC entities have utilized Gridcoin as a cryptocurrency, and you want to drag them through the dirt for doing so? It doesn't make Gridcoin look that appealing for other BOINC admins.

Comments

[deltik]

From the article:

Pomegranate did refund PrimeGrid 3800 GRC (2100 GRC on 28 August 2017 and 1700 GRC on 30 August 2017). One would expect 1200 GRC more for a full refund, and 1200 GRC was indeed sent on 23 August 2017, but not back to PrimeGrid. Instead, those GRC were sent to an address where the GRC was consequently split up, some of which went to the wallet of user Tholo, an investor in Gridcoin. Source.

It was a 76% refund; PrimeGrid didn't get back 1200 GRC.

[markmcandrew]

No, they got millions of core-hours of computing. Tens of millions.

Which you would know IF YOU'D BOTHERED TO ASK US BEFORE ASSUMING THE WORST.

If you guys were journos, you'd be sacked on the spot for this.

[deltik]

This information is public. To date, Pomegranate has earned 743,301 cobblestones on PrimeGrid.

That's about the equivalent of running one GeForce GTX 1070 graphics card on PrimeGrid for one day.

[markmcandrew]

You're doing it again. We contributed to Prime Grid before GRC even existed at all.

Stop. Assuming. The. Worst. About. People!

[cm-steem]

How don't you know he bought the GRC off primegrid then donated GRC back once they began earning GRC?

Major assumptions here.