Gridcoin weekly project update - 30/Apr/18

Here is another weekly Gridcoin project update where I look at the project chart developments and highlight an interesting aspect. This time I would like to use this weekly update to inform you about the greylisting of TN-Grid.

Since beginning of February, TN-Grid is facing issues supplying sufficient work to connected computers in the field.

Initially the work-unit size was too small where the servers were unable to generate sufficient work to keep all systems 100% loaded. At the end of March, the project team also encounted problems with their new application, causing validation problems between platforms. As a result the project was greylisted yesterday with the server queue now empty for over a week.

This means that from today there are only 23 whitelisted projects with 115,000 / 23 = 5000 GRC being allocated to each project daily.

Over the weekend several tests have been performed and a new batch of work-units has just been generated. Let’s see whether the team can resolve their issues quickly so that the project can be whitelisted again.

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

(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 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