Gridcoin - State of the Network - 22 July 2019
GRIDCOIN - STATE of the NETWORK
Report #39 - July 22nd, 2019
Welcome to another Gridcoin State of the Network! The SotN is published on the 3rd Monday of every month. For more information on the happenings within the Gridcoin network be sure to check out the other reports put together by the community!
@crypto-swiss’s monthly reports
@parejan’s weekly project updates
Development
Elizabeth Milestone Progress
Progress on the next planned release, Elizabeth, continues.
The best way to keep track of progress is by taking a look at the milestone on the repo.
As always, massive respect to the developers driving the Gridcoin protocol forward. The appreciation we have for their investments can not be fully put into words, but thank you.
News
New White Paper Proposal
An updated version of the white paper has been submitted to the community for approval. This new White Paper has been almost completely rewritten. It details the recent addition of the Gridcoin Oracle and makes the paper more encompassing and accessible.
This paper is the result of the work of:
- @jringo
- Whoisterrencelee
- @nateonthenet
Additional contributions were made by:
- @roboticmind
- @jamescowens
- Several people in the #marketing channel on Gridcoin’s slack
- Discussions from participants of The Gridcoin Fireside
Don’t forget to vote by August 15th!
Gridcoin Presentations at 2019 BOINC Workshop
There were two presentations from three Gridcoin contributors at the 2019 BOINC Workshop.
The Open Systems of Science - jringo
Gridcoin, Bitcoin and BOINC - fkinglag and loadedanvils
There has been a poll made seeking permission to reimburse these contributors from the foundation wallet.
You can view the poll here.
You can vote in the poll until August 19th.
GRC Delisted from Bittrex
Gridcoin was delisted from Bittrex on July 19th 2019.
Keep an eye out for a notification from Bittrex regarding wallet removals.
GRC Listed on QBTC
GRC has been listed on the Chinese exchange, QBTC. Happy trading!
QBTC.
Top Threads
Below are the top discussion threads from the last month.
Why do you use/not use the Gridcoin pools?
A bit confused on how to maximize GRC
Some Thoughts On the Bittrex Delist and Gridcoin
8 Raspberry Pi 3s Up and Running - Monitoring using Cayenne Mydevices
Live Community Discussions
The Gridcoin Fireside
There are four new Gridcoin Fireside episodes titled:
The Gridcoin Fireside #10 - Voting
The Gridcoin Fireside #11 - Gridcoin Incentives
The Gridcoin Fireside #12 - The Future of Gridcoin; Project Brief: DHEP
The Gridcoin Fireside #13 - Democratized Expertise; Project Brief: Rosetta@Home
You can listen to them all on podbean, spotify, or iTunes.
The Gridcoin Hangouts
The Gridcoin Hangout has hosted hangouts #111 and #112.
You can listen to them all on fkinglag's youtube channel.
STATISTICS UPDATE
Every month we bring you the most up to date statistics regarding the operation of the Gridcoin blockchain and Gridcoin BOINC projects. The information is gathered from Sunday to Saturday on a fortnightly basis and compiled from the getblockstats RPC command in the Gridcoin wallet, BOINCStats, GRCPool, Gridcoin Stats, and from individual project websites.
BLOCKCHAIN STATISTICS
Blockchain statistics from 1/June to 30/June
The table below contains the blockchain statistics and covers blocks 1,616,914 to 1,644,057.
Blockchain charts
The charts below contain the longer term blockchain trends.
BOINC STATISTICS
Team and pool statistics from 1/June to 30/June
The table below contains BOINC team and pool statistics for the month of June.
Team and pool charts
The team and pool charts contain the longer term team and pool trends.
This concludes the 39th Gridcoin State of the Network Report. We’ll see you in a month. Happy crunching!
4 Flops...when we achieved > 8 once upon a time....
What's going on?
I imagine part of it's that it's summer in the northern hemisphere so a lot of people have their rigs turned offline because of the heat.
Also to be a bit pedantic, it's petaFLOPS instead of FLOPS. 1 petaFLOP is 1 000 000 000 000 000 FLOPS. Anyway, I think people still know what you mean.
It's been falling since January (when we had the peak).
We have never been so low..We are now in less than a year, half of we were at some point, all graphics indicate so.
What could we do to increase people's interest?
Some of our developments that are being worked on should help.
The removal of the team requirement planned for next release should help get more users who already use BOINC to use Gridcoin.
There's been more discussion around manual rewards claim (MRC) which should allow new people to more easily start. Instead of having staking being the only way to earn rewards, you can manually claim your rewards. (with a fee compared to regular staking to still encourage staking). This should help with the retention of new users.
I agree partly with @roboticmind, but also would like to remind everyone that 2017/18 was an insane hype cycle based on ICOs. There is no way to retain a hype-driven user-base in any industry. Think about how meme's work.