Gridcoin - Weekly project update (wk29)

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 chart developments of GPUGrid.

In previous weeks I have been reporting about individual projects facing issues that directly impacted the charts. This week GPUGrid is in a similar position and when you look at the charts below you will notice that in the last two weeks, the team RAC has declined by almost 45% while the GRC per 1k system RAC went up with 75% (green circles in 2 charts below).

Due to a broken Windows GPU application, WUs were generating validation errors across connected computers and for the time being the project team has stopped sending these WUs. The up- and down-movements in the charts are directly caused by this reduction in WUs and related credits.

(Data source: BOINCStats)

The Linux GPU and CPU application are working fine, which means you can still crunch for this project using a Virtualbox environment. To avoid wasting CPU/GPU cycles, you can also change of project until the team has fixed the issue. The latest developments can be found in this thread on the project forum.

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