Gridcoin weekly project update - 05/Mar/18

Here is another weekly Gridcoin project update where I look at the project chart developments and highlight an interesting aspect. This time I will be looking at the impact of GRCPool contributions to the overall RAC output of whitelisted projects.

At present, GRCPool has 8600 active crunchers. Most are using the pool because they don’t have enough coins to stake solo or they find it more convenient to use this structure. Due to the large number of crunchers, you would expect GRCPool contributing significantly to the overall team RAC. But how much is the contribution at the moment?

To confirm this, I took the list of whitelisted projects (except Yoyo@home, which is not supported by the pool) and split the RAC contribution % in GRCPool- and individual crunchers. In the chart below, I have presented the outcome.

(Source: BOINCStats)

GRCPool has a substantial impact to the contribution of the team RAC, ranging from 19% for Asteroids@home to 69% for Yafu. Combining all projects, GRCPool provides 35% of total team RAC.

It is really positive to have the pool as an option for crunchers because without it, a lot of crunchers wouldn’t be able to earn Gridcoin resulting in less contributions to sciencific calculations.

And 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: 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 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.

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