Message boards :
Number crunching :
Bitcoin Utopia (a BOINC project) messing up credit system
Message board moderation
Author | Message |
---|---|
VictordeHollander Send message Joined: 13 Feb 12 Posts: 2 Credit: 2,077,998 RAC: 0 |
Didn't know where to put this, but Bitcoin Utopia (a BOINC poject) is giving users 5 milion - 500 million BOINC credits a day. In two months the project has given 500 billion!!! credits. This has to stop! The credits have always been a little different between projects, but this is just insane. The whole BOINC credit system is now entirely meaningless. It's not even real science that they are doing, it's a cryptominer for financing other projects (and they keep 12% for themselves). Admins/scientists please ask them to reduce their credits by a factor 1000, or better go off BOINC. For their stats, see also: http://boincstats.com/en/stats/144/project/detail/overview Somebody asked them to look at the credits, but the thread was closed by BOINC Utopia admins: http://www.bitcoinutopia.net/bitcoinutopia/forum_thread.php?id=430 |
Richard Haselgrove Send message Joined: 4 Jul 99 Posts: 14650 Credit: 200,643,578 RAC: 874 |
This has been going on for a while now, and has sparked much discussion in many places. I first became aware of it at the end of June, with this thread at GPUGrid. The BOINC Developers are working in close conjunction with the Bitcoin Utopia project administrators, and the current plan is to separate 'project specific' credit - such as for BU's integer work on ASICs - from the FLOPs-based credit assumed in the original BOINC framework. See CreditGeneralized. This will take some time to implement, and in the meantime the various statistics sites are handling it as best they can - most importantly, to avoid the integer work showing up as FLOPs, which would be scientifically misleading. |
VictordeHollander Send message Joined: 13 Feb 12 Posts: 2 Credit: 2,077,998 RAC: 0 |
Thanks for the reply. I've read the proposal, I think that would solve the credit issues of many project. |
Alfred and Pauline Send message Joined: 13 Oct 99 Posts: 37 Credit: 27,139,561 RAC: 0 |
Interesting reading. Don't know much about Bit coin. Could this be used to supplement funds for Seti@Home ? |
HAL9000 Send message Joined: 11 Sep 99 Posts: 6534 Credit: 196,805,888 RAC: 57 |
Interesting reading. In theory they could setup a campaign so that the proceeds go to SETI@home like they have for other projects. There is currently one for MilkyWay@home for instance. I could see the politics of the University not wanting to be associated with cryptocurrency possibly being an issue. SETI@home classic workunits: 93,865 CPU time: 863,447 hours Join the [url=http://tinyurl.com/8y46zvu]BP6/VP6 User Group[ |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
The best credit system is one that was used on classic. Return to Number of WU's processed. The bigger & faster systems will process more than those systems used for everyday purposes and still allow all to crunch. Badges can still be used, i.e., 1,000,000 WU's, 5/10/15,000,000 etc etc. The boinc credit system became meaningless several years ago. |
Helli_retiered Send message Joined: 15 Dec 99 Posts: 707 Credit: 108,785,585 RAC: 0 |
The best credit system is one that was used on classic. Dito! But....it wont't happen. :-( |
juan BFP Send message Joined: 16 Mar 07 Posts: 9786 Credit: 572,710,851 RAC: 3,799 |
A universal "currency" never works in any place. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
A universal "currency" never works in any place. However, as the € shows, there are those who think it will. |
juan BFP Send message Joined: 16 Mar 07 Posts: 9786 Credit: 572,710,851 RAC: 3,799 |
A universal "currency" never works in any place. At what cost? Ask German tax payers. :( |
Ulrich Metzner Send message Joined: 3 Jul 02 Posts: 1256 Credit: 13,565,513 RAC: 13 |
A universal "currency" never works in any place. I couldn't express it any better... Aloha, Uli |
ML1 Send message Joined: 25 Nov 01 Posts: 20283 Credit: 7,508,002 RAC: 20 |
A universal "currency" never works in any place. That can work if you base the 'currency' on some real-world tangible artifact. A fundamental problem with the present "Cobblestone" unit is that equal measure and credit is given equally to both integer and floating-point calculations, despite the floating-point requiring much greater real-world resources of transistors and electricity as compared to the much more lightweight integer operations. Hence, can (should) we re-base the Boinc credits on my old idea of energy use or transistor operations based on real-world hardware?... That would keep us grounded on reality until we can eventually make use of other compute systems such as for going quantum! Happy fast crunchin', Martin See new freedom: Mageia Linux Take a look for yourself: Linux Format The Future is what We all make IT (GPLv3) |
contalis Send message Joined: 5 Dec 01 Posts: 28 Credit: 27,237,533 RAC: 73 |
Seems to me BOINC could take a lesson from bitcoin itself, and limit the amount of credit that any project can "create" over a period of time. |
OzzFan Send message Joined: 9 Apr 02 Posts: 15691 Credit: 84,761,841 RAC: 28 |
That's not how bitcoin works. Bitcoin doesn't limit the number of coins you can create over a period of time. Each bitcoin is discovered though calculated hashes in a given algorithm. The earlier you join a bitcoin project, the higher your chances of discovering a hash that no one else has, thereby increasing the number of coins you can create. The more time spent in a bitcoin project, and the more people doing it means that it will be harder and harder to calculate a hash that no one else has, thus creating a new coin. Such a scheme would not be easily implemented in BOINC. Further, it would actually discourage new participants the longer things draw out. |
HAL9000 Send message Joined: 11 Sep 99 Posts: 6534 Credit: 196,805,888 RAC: 57 |
Seems to me BOINC could take a lesson from bitcoin itself, and limit the amount of credit that any project can "create" over a period of time. Given the exponential growth of computing power there would be no logical reason to have a cap on credit. More importantly credit is not a limited resource with value. It is just a means to track work done. Like a car odometer for miles driven or kilowatt hours for electricity consumed. SETI@home classic workunits: 93,865 CPU time: 863,447 hours Join the [url=http://tinyurl.com/8y46zvu]BP6/VP6 User Group[ |
©2024 University of California
SETI@home and Astropulse are funded by grants from the National Science Foundation, NASA, and donations from SETI@home volunteers. AstroPulse is funded in part by the NSF through grant AST-0307956.