Grin Price, News and Analysis (GRIN)

Grin (GRIN) Frequently Asked Questions

What is Grin?

Grin empowers anyone to transact or save modern money without the fear of external control or oppression. Grin is designed for the decades to come, not just tomorrow. Grin wants to be usable by everyone, regardless of borders, culture, skills or access.  Grin has no amounts and no addresses. Transactions can be trivially aggregated. To hide where a newly created transaction comes from, it gets relayed privately (a "random walk") among peers before it is publicly announced. (Description provided by CryptoCompare)

How do I buy Grin?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Grin.

What do investment analysts think about Grin?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Grin an overall rating of "C", a technology and adoption rating of "C", and a market performance rating of "C-".

Where can I get Grin wallet?

Grin produces its own wallet software that is available for download on its website, which allows you to store Grin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Grin?

One Grin (GRIN) is currently worth $0.48 on major cryptocurrency exchanges. You can also exchange one Grin for 0.00000763 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Grin in U.S. dollars is $41.88 million.

What hashing algorithm does Grin use?

Grin is a proof of work (PoW) coin that uses the C31 algorithm.

How do I mine Grin?

Grin can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Grin and access to a mining pool that pools your effort with other miners and a wallet to store the Grin that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.