Gridcoin weekly project update - 02/Apr/18

Here is another weekly Gridcoin project update where I look at the project chart developments and highlight an interesting aspect. This time it will be the RAC output of Rosetta@home.

While preparing the charts for this update, I observed a steep decline in RAC output for Rosetta@home. Initially I thought there would be a lack of work-units but while checking the server status and the project forum I couldn’t find anything wrong. I than looked at the RAC development of other teams and noticed a new team increasing its RAC output visibly. The team is called Biblepay which is another crypto currency focussing solely on Rosetta@home.

To confirm whether there was any correlation between the output of team Biblepay and team Gridcoin, I analysed the RAC output of both teams (see below).

Source: BOINCStats

It is interesting to observe the RAC output increase for team Biblepay and the decrease for team Gridcoin starting at the same time (red line) although there is no point accurate correlation. Moreover in the team movements on BOINCStats, I noticed that two Gridcoin team members have joined Biblepay.

So let’s monitor this in the coming months to confirm whether team Gridcoin has received a competitor for Rosetta@home in the form of a team which has its own crypto currency.

And here are the tables and charts for all whitelisted projects.

(Source: 1 and 2)

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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Image source: Header, Gridcoin logo, BOINC logo