Gridcoin - Weekly project update (wk28)

Here is another Gridcoin project update, where I look at the project chart developments and highlight an interesting aspect. Today I’m looking at the return of World Community Grid.

After more than 7 weeks, World Community Grid is whitelisted again. Due to the EU GPDR implementation, the project didn’t provide individual users information anymore without their consent. As a result, Gridcoin couldn’t reward its members for performed work.

In the latest WCG charts below you will notice some major changes with the current values at levels seen in December last year.

(Data source: BOINCStats)

Although highlighted in other articles already, I would like to repeat that it is mandatory making your data visible to everybody to receive Gridcoin rewards again.

To enable this on the project website go to this webpage https://www.worldcommunitygrid.org/ms/viewMyProfile.do and select the option below:

Hopefully team Gridcoin's output recovers quickly to the level just before the GPDR implementation and support the important research World Community Grid is undertaking.

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 launched beginning of 2002 and rewards participants with credits for performed work. BOINC is an application available for multiple Operating Systems and utilises 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: (1) Header image with Gridcoin logo by @parejan, (2) Gridcoin logo, (3) BOINC logo, (4) all charts and tables by @parejan