Gridcoin weekly project update - 15/Jan/18

Here is another weekly Gridcoin project stats update where I look at the project chart developments and highlight an interesting aspect. This time I’ll be looking at the RAC output development of largest 3 whitelisted BOINC projects and how team Gridcoin has performed here in the past months.

For team Gridcoin it is fairly easy to take a big share of the project RAC output in smaller projects. On the other hand for the big 3 (Seti@home, Word Community Grid and Rosetta@home) this is not that obvious because of the amount of power already crunching there. In table 1, I have presented the overall number of active members for each project, which are substantial numbers.

So how did the team perform on these projects in the past months?

In table 2, you'll find the RAC output increase in the last 5 months. Since 14-August, we have more than doubled the output for each project and for Rosetta@home almost trippled, which is quite remarkable in such short period of time. Needless to say that the RAC output is still increasing so it will be interesting to see where we will be in another 5 months.

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.

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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. Currently there are over 170,000+ active members using BOINC and performing scientific work in more than 50 different projects [2].