Gridcoin weekly project update - 05/Feb/18

Here is another weekly Gridcoin project stats update. This time it is really just a stats update but I didn't want to withhold the charts for the stats addicts amongst us.

Obviously the ongoing decline in Gridcoin value makes these graphs interesting to study, even without any further comments. And we this statement, I have just provided an interesting aspect. :)

Here is the table of GRC and USD earnings per 1k system RAC plus the charts for all whitelisted projects. The definitions per indicator can be found below the charts.

(Source: [1], [2] and [3])

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 Rosetta@home with a RAC value of 3500. According to the chart on 30-Oct, you should gain 3.5 x 0.42 GRC = 1.47 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 NFS@Home with a RAC of 4700. According to the chart on 30-Oct, you should gain 4.7 x $0.29= $1.36 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 and was launched beginning of 2002 and it rewards participants with credits for performed work. BOINC is an application available for multiple Operating Systems and uses the unused CPU and GPU cycles on computers to perform scientific work.

Thanks for reading. Follow me for more BOINC & Gridcoin related articles.