Gridcoin weekly project update - 26/Mar/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 greylisting - whitlisting cycle of a project.

Five weeks ago the greylisting process was introduced to temporarily remove and relist BOINC projects from the Gridcoin Whitelist. The purpose of the process is to cease payments for projects which don’t have sufficient work but once improved, payments can recommence without a new poll.

Since the introduction of the process, two projects have been greylisted: DrugDiscovery@Home and Universe@home with Universe@home being relisted again last week. Because this is the first time we have a full cycle of greylisting to whitelisting for a project, I will present the chart developments below.

End of January, Universe@home stopped producing new work because of security issues (Meltown and Spectre), which required a software patch to their servers. In the chart below on the left, you can see the dramatic decline of team RAC output from almost 14M down to less than 1M at which time the project was greylisted. Even after greylisting the team RAC further declined to 0.5M mid of March.

After the patch, the project started producing new work again with the team RAC slowly increasing to 2.5M when it was whitelisted.

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In the chart above on the right, you can see the GRC per 1k system RAC increasing dramatically until it was greylisted with payments ceased during a period of 4 weeks. Last week, after whitelisting, payments started again with an elevated earnings level but this will decline if there remains sufficient work.

At this stage there are still some issues with the work-units so let see if the output stabilises with team RAC and earnings returning to previous levels.

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

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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