Gridcoin - Weekly project update (wk20)

Here is another weekly Gridcoin project update where I look at the project chart developments and highlight an interesting aspect. Today I will be giving an overall earning update .

It is now 9 months since I started writing these weekly updates and I thought it would be a good time to check where we stand with the individual Gridcoin project earnings. On 1st January I provided the last overall update with the GRC price at an all-time high. Unfortunately, we are not on this price-point anymore and the numbers don’t look that good but we have overcome some significant technical challenges in the past months and new developments are underway (@jringo has just published an interesting article which you can find here).

In the table below I have included all whitelisted projects with their USD earnings per 1k system RAC, sorted on highest to lowest increase. For a few projects I have also provided some extra comments to explain their developments.

(Data source: BOINCStats and CoinMarketCap)

For most projects the earnings have reduced substantially because the GRC price remained flat while on the other hand the computing power increased substantially. Only a few projects are in positive territory and this is because of the limited work availability, making it harder to build-up RAC.

Overall it is a pity that the earnings have reduced so much but the underlying reason is of course really positive because we have advance science faster forward. Let's see how the earnings will develop in the coming months but I'm confident it will improve.

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

(Data 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.

Thanks for reading. Follow me for more BOINC & Gridcoin related articles.

Image source: Header image - own design with Gridcoin logo, Gridcoin logo, BOINC logo, all other charts and tables are self-produced