Gridcoin weekly project update - 23/Apr/18

Here is another weekly Gridcoin project update where I look at the project chart developments and highlight an interesting aspect. Today I will write a short extension on my initial article about the greylisting process and Universe@home .

Four weeks ago, I wrote about the first project that went full circle from being greylisted back to whitelisted again. I moved through the actual process itself, showing the impact on the charts. This week I would like to complement the story with what would have happened if the project wouldn’t had been greylisted.

The chart below on the left presents the actual GRC earnings for Universe@home per 1k system RAC, where the payments ceased on 23-February and restarted on 26-March when it was whitelisted again. Without the greylisting process, the chart would have looked like the one below on the right, which would have resulted in a maximum pay-out of 2.51 GRC per 1k system RAC on 6-March.

(Source: BOINCStats)

Universe@home was greylisted 27 days in total and during this time there were 24 instead of 25 whitelisted projects. This resulted in 27 days * 115,000 GRC per day / 25 = 124,200 GRC being distributed over the remaining whitelisted projects.

So when a project stops generating work, the greylisting process clearly provides benefits to Gridcoin members with active crunchers on other whitelisted projects.

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

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 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.

Image source: Header, Gridcoin logo, BOINC logo