GRC earning trends
There are a lot of good Gridcoin and BOINC stats sites but I always look for more numbers.
I was interested to understand the developing trends in terms of GRC earnings per project and factors potentially impacting these earnings.
Gridcoinstats (https://www.gridcoinstats.eu/), BOINCStats (https://boincstats.com/) and Coinmarket (https://coinmarketcap.com/currencies/gridcoin/) provide some very useful insides but it still didn’t help me absorbing the information in an easy manner.
Seven weeks ago, I started collecting and combining data from these 3 sites to generate four indicators per project. Based on available information, and not to make it too complicated, I took the 4 indicators below for each whitelisted project. They basically help to select the project that generate most GRCs from your equipment:
- Recent average RAC
- Team RAC vs Overall RAC %
- GRC per 1k RAC
- USD per 1k RAC
Every indicator has a RAC element but fortunately @hotbit has recently created an interesting article how to calculate the RAC for your equipment. You can find it here: https://steemit.com/gridcoin/@hotbit/rac-and-grc-rewards-for-dummies-calculate-you-maximum-rac-in-5-seconds
Now to the rational of these four indicators:
- Team RAC: This indicator is useful to monitor as it directly impacts the mining result of your equipment when it is increasing or decreasing.
- Team %: You can look at the indicators in a number of ways:
• This indicator is useful to assess the potential thread of BOINCers outside the Gricoin network joining with a pre-existing RAC value. It could instantly decrease the number of GRCs you can mine.
• This indicator also presents the downside risk in case team requirements are lifted, the lower the % the higher the potential impact
• Not directly related to mining earnings but still interesting, you can also look at this indicator as a success factor. The higher the % or the increasing % shows Gridcoin’s success to be or become the mayor player for the presented project. - GRCs per 1k RAC: With the equipment RAC, you can assess the amount of GRCs to earn per day. The value represents the number of GRCs per 1000 RAC points. Obviously any upward or downward movement of this indicator will directly affect the number of GRCs that can be mined but by analysing the trend it can help to transition to other projects with better opportunities.
- USDs per 1k RAC: This indicator converts the GRC value into USD and presents the number of USDs earned per project. The number of GRC could go down for your equipment but if the GRC value in USD terms increases you could still achieve a net positive result (please bear in mind that this indicator does not include the cost of electricity or investments in equipment).
I hope you find the overview below useful and I look forward to any feedback. In case there is an interest, I can provide a weekly update of these numbers and I could give some highlights on the indicator developments.
DISCLAIMER: The 4 indicators will provide support in selecting the best project for your equipment and I have prepared the information with care to be as accurate as possible (based on the data on the 3 websites) but I can’t be held liable for achieving the number of GRCs or USDs as presented in the graphs.
That's some good investigating of data. I might consider looking over your results and implementing some parts of it to the stats page.
It would be great if you could incorporate them. I think any devopment in this area is useful because a lot of people are next to the science aspect of BOINC also interested in how much they can earn mining gridcoin.
Great stats! The only problem is that the projects' are not comparable in terms of RAC, i.e. some projects give more BOINC credits, some give less (per FLOP).
+1 for a zero-baseline. Many other BOINC/GRC sites miss this in their graphs. You did it well.
Will you keep this big image up-to-date?
I agree they are not comparable in terms of RAC scoring which is a hassle to determine the RAC score per project. I found @hotbit's approach to determine this RAC score pretty easy on my single laptop. Obviously it isn't that easy if you are using a variety of machines with different specs.
Concerning updates, I'll keep posting them on a weekly basis as long as there is interest.
I love the idea behind Gridcoin , but somehow I never got credited Gridcoins , I don t know what I have been doing wrong , I completed a lot of tasks.
Without any further background information it is difficult to understand why you are not getting any Gridcoins. I would suggest to check http://gridcoin.us/ first and start with Pool crunching. This is a fairly easy way to get your first Gridcoins even without a fast and expensive computer.