FAH sees cryptocurrency as 3rd party app enhancing community

This forum contains information about 3rd party applications which may be of use to those who run the FAH client and one place where you might be able to get help when using one of those apps.

Moderator: Site Moderators

Post Reply
foldy
Posts: 2061
Joined: Sat Dec 01, 2012 3:43 pm
Hardware configuration: Folding@Home Client 7.6.13 (1 GPU slots)
Windows 7 64bit
Intel Core i5 2500k@4Ghz
Nvidia gtx 1080ti driver 441

FAH sees cryptocurrency as 3rd party app enhancing community

Post by foldy »

January 14, 2019
by Greg Bowman
In light of recent discussions within the Folding@home community concerning our relationship to cryptocurrencies, we would like to take this opportunity to make an official statement. Folding@home does not endorse any cryptocurrencies at this time but we are happy to engage with participants with a wide variety of motivations. Whether you’re interested in curing diseases, advancing our understanding of how the world works, seeing who can build the fastest computer, or earning cryptocurrency. There’s a long history of participants in Folding@home developing third party applications that enhance the community, and we see cryptocurrencies as falling in this category. Our policies will always be dictated by the science that is the foundation of Folding@home, but maintaining a level of consistency that incentivizes everyone to continue participating in the project is a high priority.
https://foldingathome.org/2019/01/14/fo ... urrencies/
ProDigit
Posts: 242
Joined: Sun Dec 09, 2018 10:23 pm

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by ProDigit »

I've read in the past there were some incentives for those folding, so it would at least cover their electric bill.
Does that offer still stand?
At 300W, I could use $30 a month on electricity, not to mention all the hardware cost.
foldy
Posts: 2061
Joined: Sat Dec 01, 2012 3:43 pm
Hardware configuration: Folding@Home Client 7.6.13 (1 GPU slots)
Windows 7 64bit
Intel Core i5 2500k@4Ghz
Nvidia gtx 1080ti driver 441

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by foldy »

ProDigit
Posts: 242
Joined: Sun Dec 09, 2018 10:23 pm

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by ProDigit »

Like I thought, you get money for mining, that essentially saps the power out of your system to do the actual folding.
foldy
Posts: 2061
Joined: Sat Dec 01, 2012 3:43 pm
Hardware configuration: Folding@Home Client 7.6.13 (1 GPU slots)
Windows 7 64bit
Intel Core i5 2500k@4Ghz
Nvidia gtx 1080ti driver 441

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by foldy »

I would call it: you get CureCoin/FoldingCoin for the folding work units done in PPD.
SteveWillis
Posts: 409
Joined: Fri Apr 15, 2016 12:42 am
Hardware configuration: PC 1:
Linux Mint 17.3
three gtx 1080 GPUs One on a powered header
Motherboard = [MB-AM3-AS-SB-990FXR2] qty 1 Asus Sabertooth 990FX(+59.99)
CPU = [CPU-AM3-FX-8320BR] qty 1 AMD FX 8320 Eight Core 3.5GHz(+41.99)

PC2:
Linux Mint 18
Open air case
Motherboard: ASUS Crosshair V Formula-Z AM3+ AMD 990FX SATA 6Gb/s USB 3.0 ATX AMD
AMD FD6300WMHKBOX FX-6300 6-Core Processor Black Edition with Cooler Master Hyper 212 EVO - CPU Cooler with 120mm PWM Fan
three gtx 1080,
one gtx 1080 TI on a powered header

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by SteveWillis »

You get rewarded in tokens based on the points you fold. These tokens can be exchanged for bitcoin which in turn can be sold for cash if you wish. Currently the payouts and exchange rates are such that it doesn't quite pay for electricity for most people, as far as I can tell if you fold with less than an nvidia 2080 ti, which is the most efficient. The exchange I use is bittrex.com
Image

1080 and 1080TI GPUs on Linux Mint
bruce
Posts: 20910
Joined: Thu Nov 29, 2007 10:13 pm
Location: So. Cal.

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by bruce »

ProDigit wrote:I've read in the past there were some incentives for those folding, so it would at least cover their electric bill.
Does that offer still stand?
Anybody can say anthing they want to, but AFAIK, that offer was never made by FAH.

FAH was founded on DONATIONS to SCIENTIFIC RESEARCH. and that has always been their policy.

If a cryptocoin site wants to distribute block-chain challenges for proof-of-work -- or if that same site decides to honor FAH points an alternate proof-of-work, that's entirely up to them.
ProDigit
Posts: 242
Joined: Sun Dec 09, 2018 10:23 pm

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by ProDigit »

SteveWillis wrote:You get rewarded in tokens based on the points you fold. These tokens can be exchanged for bitcoin which in turn can be sold for cash if you wish. Currently the payouts and exchange rates are such that it doesn't quite pay for electricity for most people, as far as I can tell if you fold with less than an nvidia 2080 ti, which is the most efficient. The exchange I use is bittrex.com
So what, when you exchange them, you lose points?
bruce
Posts: 20910
Joined: Thu Nov 29, 2007 10:13 pm
Location: So. Cal.

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by bruce »

ProDigit wrote:So what, when you exchange them, you lose points?
No. You DONATE your PPD to FAH and it stays there, whether or not you choose to get involved with the cryptocurrency. It's just a free bonus that MIGHT or MIGHT NOT pay for your electric bill.
ProDigit
Posts: 242
Joined: Sun Dec 09, 2018 10:23 pm

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by ProDigit »

I'm guessing it certainly helps. Even $5 a month helps!
I signed up, hope it will work out for me!
rwh202
Posts: 425
Joined: Mon Nov 15, 2010 8:51 pm
Hardware configuration: 8x GTX 1080
3x GTX 1080 Ti
3x GTX 1060
Various other bits and pieces
Location: South Coast, UK

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by rwh202 »

ProDigit wrote:I'm guessing it certainly helps. Even $5 a month helps!
I signed up, hope it will work out for me!
Yep, it's a bit of a 'no brainer'.
Even if it just helps with costs at the moment, there's always hope for another crypto bubble! For a few crazy months I was seeing $12k a month...
foldy
Posts: 2061
Joined: Sat Dec 01, 2012 3:43 pm
Hardware configuration: Folding@Home Client 7.6.13 (1 GPU slots)
Windows 7 64bit
Intel Core i5 2500k@4Ghz
Nvidia gtx 1080ti driver 441

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by foldy »

Be sure to get CureCoin too https://www.reddit.com/r/CureCoin/

This roughly calculates your possible coin reward
https://foldingcoin.net/index.php/resou ... calculator
toTOW
Site Moderator
Posts: 6296
Joined: Sun Dec 02, 2007 10:38 am
Location: Bordeaux, France
Contact:

Re: FAH sees cryptocurrency as 3rd party app enhancing commu

Post by toTOW »

It dosen't change our current policy : we know it exists, but we do not provide support for these things on this forum.
Image

Folding@Home beta tester since 2002. Folding Forum moderator since July 2008.
Post Reply