Gridcoin (GRC) Market Capitalization Reaches $3.78 Million

Gridcoin (CURRENCY:GRC) traded up 6% against the US dollar during the 1-day period ending at 14:00 PM ET on January 14th. One Gridcoin coin can now be purchased for approximately $0.0094 or 0.00000022 BTC on major cryptocurrency exchanges. During the last week, Gridcoin has traded 12.6% higher against the US dollar. Gridcoin has a total market cap of $3.78 million and approximately $11,387.00 worth of Gridcoin was traded on exchanges in the last day.

Gridcoin Profile

Gridcoin (CRYPTO:GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. Its launch date was October 16th, 2013. Gridcoin’s total supply is 432,251,785 coins and its circulating supply is 401,598,753 coins. The Reddit community for Gridcoin is /r/gridcoin and the currency’s Github account can be viewed here. The official message board for Gridcoin is Gridcoin’s official website is Gridcoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible 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. “

Buying and Selling Gridcoin

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

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