Gridcoin weekly project update - 7/May/18

Here is another weekly Gridcoin project update where I look at the project chart developments and highlight an interesting aspect. Today I will be looking at the active user trend.

In my previous updates you may have seen a decline in the number of active Gridcoin solo crunchers (see Old Chart below on the left). Since 26-February the number has declined by 544 members or 13%, which is substantial.

(Old Chart - Source: BOINCStats)

As mentioned above, these numbers are for Gridcoin solo cruncher only because BOINCStats doesn’t report active uses in GRCPool. So when you combine these two, you get the charts below.

(New Chart - Source: BOINCStats and GRCPool stats)

Now you will notice any decline, although the line is really flat at 13,100 active users since a few weeks. This implies that the number of new active GRCPool crunchers is compensating the loss of active solo crunchers. You could ask the question whether any solo crunchers are moving into the pool because they don’t have enough GRC to stake solo, to which I don't have an answer at the moment.

When we take the combined number related to the Team Gridcoin vs All active users % (both right-sided charts above), team Gridcoin has 7.5% instead 2.5% of the total active userbase, which makes more sense as well due to the overall crunching power GRCPool is bringing to the whitelisted projects.

It is good to see that the overall number of active users is not declining and from this update onwards I will use the combined active user charts.

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