Gridcoin - State of the Network - 21 January 2018
GRIDCOIN - STATE of the NETWORK
Report #30 - January 21th, 2019
Welcome to the 30st Gridcoin State of the Network Report. The SotN is a fortnightly report that compiles useful news and statistics for the Gridcoin community.
This report contains the Gridcoin network and project statistics only. We are planning to make changes to the approach so please stay tuned for further updates.
In the last SotN we mentioned that the number of active Gridcoin users had declined significantly due the GDRP implementation in Europe. Fortunately, a lot of crunchers have now provided their consent on the respective websites to export their personal information and the number of Gridcoin users on BOINCStats is slowly moving back to the level seen a few weeks ago. If you haven’t provided your consent yet, you can find more information here how to proceed.
STATISTICS UPDATE
Every other week we bring you the most up to date statistics regarding the operation of the Gridcoin blockchain and Gridcoin BOINC projects. The information is gathered from Thursday to Wednesday on fortnightly basis and compiled from the getblockstats RPC command in the Gridcoin wallet, BOINCStats, GRCPool, Gridcoin Stats and from individual project websites.
BLOCKCHAIN STATISTICS
Blockchain statistics from 6/January to 19/January
The table below contains the blockchain statistics and covers blocks 1,479,973 to 1,492,879.
Blockchain charts
The charts below contain the longer term blockchain trends.
BOINC STATISTICS
Team and pool statistics from 6/January to 19/January
The table below contains BOINC team and pool statistics of the last 2 weeks.
Team and pool charts
The team and pool charts contain the longer term team and pool trends.
PROJECT STATISTICS
Project tables from 6/January to 19/January
The table below contains the project statistics of the last 2 weeks.
Project charts from 6/January to 19/January
The charts below contain the project contribution breakdown of the last 2 weeks.
(Source: BOINCStats)
This concludes the 30st Gridcoin State of the Network Report. We’ll see you in two weeks. Happy crunching!
SotN 29 | SotN 28 | SotN 27 | SotN 26 | SotN 25 | SotN 24 | SotN 23 | SotN 22 | SotN 21 | SotN 20 | SotN 19 | SotN 18 | SotN 17 | SotN 16 | SotN 15 | SotN 14 | SotN 13 | SotN 12 | SotN 11 | SotN 10 | SotN 9 | SotN 8 | SotN 7 | SotN 6 | SotN 5 | SotN 4 | SotN 3 | SotN 2 | SotN 1
These numbers are worrying me: lot of empty blocks, staking is more difficult and is going more and more to non-crunchers. How can we change this?
Posted using Partiko Android
This is not good indeed
This is not true. Just check reports from the last year. Research rewards are around 370k for each period. CBRs are around the same as interest used to be, but now CBRs are... constant, as in the name, capped and not growing any more like they did with interest mechanism and total coin supply growth. Last year there were periods where interest paid was twice higher than CBRs paid in recent periods.
Maybe I need to explain my comments:
Two third of the blocks are empty, and the non empty blocks have in average only 4 transactions. Of course, is good to have space for future, but what is concerning me is that we have less transactions (20k, compared to 30k one year ago)
This is also a personal experience. Loking on the numbers, it's eight times more difficult today than one year ago. And this is prohibiting for new comers...
More than 60% of the blocks are created by non-CPID users, compared to 30% one year ago.
Well, I agreed with the view that more empty blocks is not good. If there is fewer transactions - it's not good either. I agree on that. As for staking difficulty, it's what community and developers were aiming for, so blockchain is safe.
That's different topic, I thought you were talking about GRC rewards, not number of staked blocks. Big topic. Is it important at all (whether non-CPID users or CPID users stake blocks)? There is only 960 blocks per day, seems there is no way to scale staking so many users could stake, as many will always reach some limit. Thus big topic on scaling, decentralization, efficiency, safety and speed of the network...
“Fortunately” we are in a position that we can handle the current volumes but I think we should take the opportunity now to prepare ourselves and be ready for the future.
Better than full blocks, but yeah more activity would be great.
Buy GRC to increase your rate of staking, it's pretty dang cheap right now & exchanges are low trading volume :/
Nah, the recent CBR change means far less is going to huge whales these days. More users means it's spread over more users, if you're solely profit oriented then buying is the better move at these really low prices.
Today is a rare day I can't agree with you ;)
Full blocks and congested network is a nightmare, but it's a bit like saying better to loose a hand than a leg or vice versa. Both sucks.
In the far future it could be true. But currently it's other way around. If there would be still interest of 1.5% in place, 100k balance would receive from the inflation slightly over 1500 per annum, now it's over 3000 pa. However, every staking node is benefiting, whether large or smallish, but not too small as due to higher Diff very tiny ones have little chance to stake at all.
Without disputing your comments, I agree with cm-steem that the whales are not benefitting from CBR, it is the orcas who do. On the other hand, I do agree with you and @steemmillionaire that plankton for sure doesn’t benefit from CBR but fortunately we still have pools.
Since beginning of last year, the GCR value has dropped with a factor 20. Before the CBR implementation, you needed 1000 to 3000 GRC to stake regularly now it is between 20,000 to 40,000 GRC. With the current market price, this requires the same investment from a USD perspective compared to beginning of last year.
Some major whales are still staking with millions per address, effectively burning potential earnings - they used to make tens of thousands of GRC once or twice per month, where as now they make much less until they take splitting their staking balances seriously.
Thanks once again for putting this all together regularly.
Seems though that this time the "team RAC vs overall RAC %" field isn't filling correctly?
Well spotted @h202, I have updated the table.
Is Distributed Data Mining the same as Distributed Hardware Evolution Project ?
They are 2 different projects @dwolfe. Distributed Data Mining was discontinued mid of last year, here is a description of the project: https://www.setiusa.us/content.php?431-distributed-data-mining_1
No