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Gridcoin - Weekly project update (wk52)

parejan3 months ago3 min read

Every week I provide the most up-to-date statistics related to Gridcoin (GRC) earnings for whitelisted projects.

On Mondays the information is gathered from BOINCStats and CoinMarketCap, after which I calculate the earnings in GRC and USD for systems with a RAC of 1000. Further details can be found in the definitions section below.

Individual project developments

The tables below contain four indicators, presenting the project development over a period of one week, one month, three months and one year.

(Data source: BOINCStats and CoinMarketCap)

Gridcoin project charts

The charts below provide the longer-term trends for active user development, team contribution to the BOINC network overall and the whitelisted projects.

(Data source: BOINCStats and CoinMarketCap)

Definitions

  • Recent Average RAC = The total amount of RAC produced by all systems within the Gridcoin network.
  • Team RAC vs Overall RAC % = The proportion of RAC output team Gridcoin has produced as part of the overall RAC for the project.
  • GRC per 1k system RAC = The amount of GRC you will receive for a system per 1000 RAC points. Example: You have a system which is running [email protected] with a RAC value of 3500. According to the chart on 24-Sep, you should gain 3.5 x 0.32 GRC = 1.12 GRC per day for this system.
  • USD per 1k system RAC = The amount of USD you will receive for a system per 1000 RAC points. Example: You have a system which is running [email protected] with a RAC of 4700. According to the chart on 24-Sep, you should gain 4.7 x $0.0117= $0.055 per day for this system.

Gridcoin is an open source cryptocurrency (Ticker: GRC) which securely rewards volunteer computing performed upon the BOINC platform in a decentralized manner on top of proof of stake.

BOINC (Berkeley Open Infrastructure for Network Computing) is a distributed Internet platform launched beginning of 2002 and rewards participants with credits for performed work. BOINC is an application available for multiple Operating Systems and utilises the unused CPU and GPU cycles on computers to perform scientific work.

Thanks for reading. Follow me for more BOINC & Gridcoin related articles. https://steemitimages.com/DQmQ7REZqQpoeimXBy3fkenHUNjnhD3YU82jMSnXCug79Nx/image.png

Image source: (1) Header image with Gridcoin logo by @parejan, (2) Gridcoin logo, (3) BOINC logo, (4) all charts and tables by @parejan unless otherwise specified

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