Gridcoin Trading Down 19.6% This Week (GRC)

Gridcoin (CURRENCY:GRC) traded 4.5% lower against the U.S. dollar during the 1-day period ending at 19:00 PM Eastern on May 4th. Gridcoin has a total market cap of $4.37 million and $15,010.00 worth of Gridcoin was traded on exchanges in the last 24 hours. Over the last seven days, Gridcoin has traded down 19.6% against the U.S. dollar. One Gridcoin coin can now be purchased for about $0.0105 or 0.00000019 BTC on cryptocurrency exchanges.

About Gridcoin

GRC is a DPoR coin that uses the ProofofResearch hashing algorithm. Its genesis date was October 16th, 2013. Gridcoin’s total supply is 446,197,131 coins and its circulating supply is 415,544,099 coins. The Reddit community for Gridcoin is /r/gridcoin and the currency’s Github account can be viewed here. 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 official website for Gridcoin is www.gridcoin.us.

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 acquire Gridcoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Gridcoin using one of the aforementioned exchanges.

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