Gridcoin Price Up 6.4% This Week (GRC)

Gridcoin (CURRENCY:GRC) traded down 12.4% against the US dollar during the 24-hour period ending at 8:00 AM Eastern on May 17th. In the last seven days, Gridcoin has traded up 6.4% against the US dollar. One Gridcoin coin can currently be purchased for about $0.0125 or 0.00000028 BTC on major exchanges. Gridcoin has a market cap of $5.20 million and approximately $19,768.00 worth of Gridcoin was traded on exchanges in the last day.

Gridcoin Profile

Gridcoin is a DPoR coin that uses the ProofofResearch hashing algorithm. It was first traded on October 16th, 2013. Gridcoin’s total supply is 446,363,849 coins and its circulating supply is 415,710,817 coins. The official website for Gridcoin is www.gridcoin.us. Gridcoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. Gridcoin’s official message board is cryptocurrencytalk.com/forum/464-gridcoin-grc. The Reddit community for Gridcoin is /r/gridcoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “GridCoin (GRC) is a coin with a mission – to compensate miners for participating in BOINC projects. The coin is a scrypt altcoin with difficulty retargetting every 30 minutes – a 2.5 minute block target and a hard cap of 168 million. Gridcoin introduces a Proof-of-Research algorithm that gives computers something productive to do. Instead of racing to solve meaningless equations, Gridcoin miners Researchers work on problems such as finding cures to diseases, mapping genomes, or climate studies, and are compensated for their work. Gridcoin is not limited to any one program, algorithm, or type of hardware. BOINC supports Windows, Mac OS X, Linux, and Android. “

Gridcoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Gridcoin directly using U.S. dollars. Investors seeking to trade Gridcoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Gridcoin using one of the aforementioned exchanges.

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