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RE: Let's talk about credit, benchmarks, and how i do believe they may need an overhaul.
I remember a while ago reading an analysis by BOINC people trying to solve the same problems: https://boinc.berkeley.edu/trac/wiki/CreditNew
I don't remember all the details now, but it looks like the new (third) credit system makes some progress. It's kinda complicated, so I'm not sure if I want to go through it again now. Just curious if you had come across it before.
I found that article a while ago, there is a long running discussion about it here .
One thing that is clear from the CreditNew discussion is that established projects are unlikely to change their credit granting systems in a hurry. Changing an established program for cross project "fairness" isn't a high priority and although it would be convenient for Gridcoin if granted BOINC credit were consistent between projects it doesn't look like there will be a standard for granting of BOINC credit anytime soon.
I have wondered if it would be feasible for the Gridcoin network to replicate the CreditNew function based on the BOINC statistics that are already collected for mining reward calculations, let me know if this has already been discussed previously.
Wait, so how many projects implement CreditNew? Given its complexity, I guess it makes sense that its adoption wouldn't be widespread.
Worthwhile thought. I remember some discussions from a couple months ago proposing various new ways to calculate magnitude (e.g. using network-averaged conversion factors to normalize across device types), but I don't think these explicitly mentioned CreditNew.
I have only done some very casual research into the topic, I guess a search on open source code repositories would show if a project were using the suggested code as it appears on the CreditNew wiki page.
I only mention CreditNew because it is a method for credit normalization that has already been published. Calculation of the conversion factors could be adapted based on other statistics the network has recorded, I am just interested to know if the CreditNew code would be a feasible code base for development of a gridcoin credit normalization algorithm.
https://steemit.com/gridcoin/@ilikechocolate/researching-a-flop-and-energy-based-incentive-compatible-model-for-gridcoin-reward-mechanism-pseudocode-included