Gridcoin Price Up 7.8% This Week (GRC)

Gridcoin (CURRENCY:GRC) traded 4.4% higher against the US dollar during the one day period ending at 15:00 PM Eastern on November 25th. During the last week, Gridcoin has traded up 7.8% against the US dollar. One Gridcoin coin can currently be purchased for approximately $0.0100 or 0.00000017 BTC on cryptocurrency exchanges. Gridcoin has a total market cap of $3.96 million and $11,676.00 worth of Gridcoin was traded on exchanges in the last 24 hours.

Gridcoin Profile

GRC is a DPoR coin that uses the ProofofResearch hashing algorithm. It launched on October 16th, 2013. Gridcoin’s total supply is 428,420,155 coins and its circulating supply is 397,767,122 coins. Gridcoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. The official message board for Gridcoin is cryptocurrencytalk.com/forum/464-gridcoin-grc. Gridcoin’s official website is www.gridcoin.us. 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 currently possible to buy alternative cryptocurrencies such as Gridcoin directly using U.S. dollars. Investors seeking to acquire Gridcoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Gridcoin using one of the exchanges listed above.

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