Gridcoin - Weekly project update (wk31)

Here is another Gridcoin project update, where I look at the project chart developments and highlight an interesting aspect. Today I’m looking at the chart developments of Rosetta@home.

Since mid of July the team RAC of Rosetta@Home is declining (red arrow in left chart below). On the other hand the project team RAC contribution is increasing (green arrow in right chart below). Normally these two charts follow a similar direction unless some other factor is at play.

(Data source: BOINCStats)

While checking BOINCStats it became quickly apparent what was causing this opposite movement: Biblepay is losing significant computational power. When you look at their team RAC chart below, you will notice that they have lost almost 40% (or 4 million) of their output in the last 3 weeks. Their output didn't move to another team either, resulting in an team RAC contribution increase for Gridcoin (even with a team RAC decline).

(Data source: BOINCStats)

In the coming period it will be interesting to monitor whether Biblepay loses more computational power. For the project it would be good when it would slow down because Biblepay is the biggest contributor to Rosseta@Home.

And here are the tables and charts for all 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 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 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.

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