Gridcoin Price Up 7.8% This Week (GRC)

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

About Gridcoin

Gridcoin (CRYPTO:GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. Its genesis date was 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 Gridcoin’s official website is 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. “

Buying and Selling Gridcoin

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

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