Topic: [ANN][GRE] GreenCoin | On Bittrex now! - page 20. (Read 83663 times)

I downloaded the Mac wallet and all I get is No Block Source Available.

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Hey everyone,

Apologies for the lack of updates in the last few days. We are working to finalize the new website design / database, and it's been a long process - In combination with some personal family issues causing me to slow down on our side projects (Merged Mining, etc).

I've begun working with and am proud to say that Myriad Coin will be the coin that we will begin Merged Mining with - Still in the testing phases, and since they have several projects underway we just have to be patient.

Thank you for the patience!

IMJIM: so Jess' second system is a biofuel production system. Transportation fuels are massively carbon intensive so obviously it'll be an imperative for GreenCoin to include this commodity production sector in the GreenCoin ecosystem. As far as the size of the system a 55 gallon home reactor is actually about as small as it gets oddly enough. This particular size system in the Pacific NW is sometimes known as the "Appleseed Reactor."

The reason why Jess' 55 gallons crammed everyone down so far for that one day is simply just math. Home solar PV does not offset nearly as much carbon as a home biofuel production system. Since Jess was first I had to come up with a calculation for the offset but I feel I erred considerably on the side of caution (i.e., underestimating CO2) and I told him as much in an email. As the Foundation beefs up it's members these are the types of calculations people can sit around and fight about and re-calibrate in the future, but here is my calculation:

- The EPA estimates about 22.38 pounds of CO2 are produced by burning a gallon of diesel fuel. [10.15 kg CO2/gallon]
- based on EPA and other literature I estimated biodiesel lifecycle CO2 emission at 1.97 kg CO2/gal.
- I need to know what the global emissions for diesel fuel are, which include the current biofuel makeup of diesel emissions and I chose 12.41% bio (this is a hard number to find), but several sources indicated this is about right.

So for the global average = 10.15 * 0.8759 + 2.19 * 0.1241 = 9.14 kg CO2/gal
The biodiesel producer then gets 9.14 - 1.97 = 7.17 kg CO2 per gallon

For 55 gallons this is 394 kg CO2. The entire production of the other 6-8 solar producers that get GRE in any given day averages about 71 kg. So for this one day, there was quite a cram for the PV solar guys. Kinda makes you want to be a biofuel producer, no?  

One of the principal reasons I think this calculation errs on the side if caution is that the literature indicates significant energy resources are utilized when crushing soybeans to prepare the vegetable oil for prep as a fuel source. However, with the case in Jess' system, he uses waste vegetable oil so this calculation is not relevant (this crushing step would be considered part of the food production CO2 intensiveness of the oil since it was not specifically grown to be a fuel). There are negative considerations such as home systems having less total efficiency than large-scale systems and  processing WVO to be used as a reactant, however, these are smaller than the energy consideration for crushing, IMO.

Certainly many will agree it is much harder to come up with a single carbon "number" for complex input systems such as biofuel production versus, say, PV solar or onshore wind, which are more homogeneous and have less inputs. I just try to ensure my calculations are well researched, defensible, and err on the side of caution. They can be changed in the future to fit better data models through the Foundation.

As it relates to the total number of coins per day your award will decrease in absolute GRE count in the future obviously, but the hope is as more carbon comes rolling in and the ecosystem "catches on" more, the GRE individual price of GRE will rise.

Wow.........had to laugh, even with Chris's forum name, I didn't see that one coming lol:-)

Definitely changed the game on the producers list for sure!  Guess I am surely not the big kid on the block anymore:-( 

All good though, GREAT for the coin and the community.......am sure this will have positive reflect on the price.

Today (Or rather yesterday, 7/19/2014) GreenCoin welcomed a biofuel producer for the first time. Jess H. from Seattle (Producer #9) also has a biofuel production system. The Foundation has calculated 7,167 gCO2 per gallon for home biofuel production systems (subject to future revisions).

Yesterday's Payouts:

Producer ID - Name/Location -   System Type    kWh Generated   kg CO2   GreenCoins Paid
#1 - Chris A., Seattle, WA -            PV Solar      5.0                        2.4       6,859.0
#2 - Jim K., Valley Springs, CA -       PV Solar   50.0                       24.1     68,590.2
#3 - Gloria W., Salida, CA -             PV Solar   31.2                       15.0     42,745.4
#4 - Kyle F., Orinda, CA -               PV Solar   28.0                       13.5     38,410.5
#5 - Chris L., Oxford, UK -              PV Solar     3.0                        1.4       4,115.4
#6 - Geraint M., Milton Keynes, UK - PV Solar   12.6                      6.1     17,264.2
#7 - Paul W., Salisbury East, AUS -   PV Solar     0.0                        0.0              0.0
#8 - Shayne W., Epsom, Victoria, AUS - PV Solar  0.0                        0.0              0.0
#9 - Jess H., Seattle, WA -               PV Solar   13.0                        6.2     17,806.0
#10 - Jess H., Seattle, WA -   Biodiesel-WVO 55 (gal)                     394.2   1,124,209.2

Moving Forward, GRE are becoming harder and harder to obtain.

Even if so, supporting something like Greencoin makes sense. The goal of the coin is to offset CO2 emmissions by paying out environmentally friendly producers. When the price of GRE goes up, these people can realize those profits from the coin and add on to their network, and miners can also realize those profits into their own solar/wind network. Either way, using the coins to sponsor companies or people, and spotlight their achievements is a positive thing for the coin and all involved.

Since the beginning I'm worried about the impact of mining on the environment. Obviously I was wrong (assuming the numbers are correct).


Source: http://www.coindesk.com/microscope-conclusions-costs-bitcoin

buying GRE this week

Join us now on Kingcoiny and trade your Greencoin for only 0.15% right now.

https://www.kingcoiny.com/index.php?page=trade&market=GRE

See you soon on Kingcoiny !

Ben
CEO Cryptocoiny Limited
Kingcoiny is a trademark of Cryptocoiny Limited.

39 days of hard work paying off. Congrats all.

Currently working on a call for the Console in the Wallet that will allow users to retrieve the following information, based on their personal wallet (called getmycarbonoffset) and also the entire GreenCoin network (getcarbonoffset)

The following is just small example of what the current return is.


Also, we've been granted access to BitPay's API and are excited to mention that we are working with that API on a few merchant solutions - details of which will be announced ASAP.

Join us now on Kingcoiny and trade your Greencoin for only 0.15% right now.

https://www.kingcoiny.com/index.php?page=trade&market=GRE

See you soon on Kingcoiny !

Ben
CEO Cryptocoiny Limited
Kingcoiny is a trademark of Cryptocoiny Limited.

Great news Panda! Glad that is working out, and hopefully we can really get that rolling!

Just an update that we are working to make GRE merged mineable.

This is taking a lot of work, and if you are able to help in any way please let me know!

All work being done is available on our GitHub Beta Branch of the GreenCoin repository.

https://github.com/greencoindev/GreenCoin/tree/beta

These kinds of things are being discussed with local renewable energy suppliers. The biggest concern at the moment is to actually sign up the larger companies that have solar power of their own that can then pass on GreenCoin to their clients.

One of the large website updates is to make it easier for producers to report their energy production, and also for new producers to be signed up. As the process become simpler it will in turn become more desirable - We have spent a lot of money and time on this update, so as soon it's live we will be sure to let everyone know.

is greencoin accepted by, or will be soon, any renwable energy equi[ment suppliers? e.g GRE for panels or turbines?mmm, maybe a business opportunity for me

Ha......no worries man, glad to see the producer list growing.  I was nice being the big kid on the block for a little bit:-)

All good with Coinader brother, chalked it up to a learning lesson.

Have safe travels my friend.

Hey Freen........I'll match that 10k with you bud.  Just let me know the addy to send to when you get the winner, glad to help!

I'm giving the 100th follower on Twitter 10,000 GRE as a thank you! Follow us at @GoGreenCoin and tweet your GRE address if you're the 100th follower. I'll try to watch as best I can, be honest!!

Hey everyone,

Just to let you all know that www.grcoin.com will be undergoing a HUGE update on the 21st of July (roughly 8 days!). Until then, the website updating may be fairly slow as biodieselchris is out of town and he does them on a daily basis.

Pardon our dust!