Pages:
Author

Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 14. (Read 138368 times)

hero member
Activity: 546
Merit: 500
My neighbor just put up this sign:




And this is in Washington state where it is cloudy 9 months of the year!
legendary
Activity: 1736
Merit: 1001
Just got my book in the mail today from nick

Thanks again looks great.
hero member
Activity: 546
Merit: 500
Someone really seems to be working hard to drive the price down to the 400-level again on Bittrex ... probably a last-ditch effort to buy cheap coins before the price skyrockets.

unless some dumper came and crash the whole market

Either way, I'm glad the dumpers are dumping now, because we don't need dumpers holding this coin once the PoS kicks in.
sr. member
Activity: 1036
Merit: 275
Someone really seems to be working hard to drive the price down to the 400-level again on Bittrex ... probably a last-ditch effort to buy cheap coins before the price skyrockets.

unless some dumper came and crash the whole market
hero member
Activity: 546
Merit: 500
Someone really seems to be working hard to drive the price down to the 400-level again on Bittrex ... probably a last-ditch effort to buy cheap coins before the price skyrockets.
legendary
Activity: 1736
Merit: 1001
Got a message from Ryan at Bittrex a couple of hours ago letting me know they removed the de-listing warning for SLR:-)

Great job!
hero member
Activity: 546
Merit: 500
Got a message from Ryan at Bittrex a couple of hours ago letting me know they removed the de-listing warning for SLR:-)

excellent!  thanks for emailing Bittrex about that Smiley
legendary
Activity: 1260
Merit: 1000
Got a message from Ryan at Bittrex a couple of hours ago letting me know they removed the de-listing warning for SLR:-)
sr. member
Activity: 406
Merit: 250
Oh!!! Looky at the buy/sell pies on Bittrex! It appears that about 5 bitcoin worth have sales have been pulled from the order books in the past few hours and the buys in BTC are finally gaining on the sales. That's a very good sign!

Coincides with the release of the big news I'd guess. Smiley

In case anyone missed it: http://solarcoin.org/increasing-solarcoin-emphasis-for-solar-generators/
sr. member
Activity: 368
Merit: 250
So you're saying it's like wafflepool except that the payout to the miners is in SolarCoin instead of bitcoin? If that's what we're talking about, that would be all kinds of awesome for transaction volume. But wouldn't it spike the price of SLR with such a small amount in distribution (~30 million)?

If spiking the price brings more attention to the coin and more interest among generators, then it sounds good to me.  Grin

I guess the only thing I'd be concerned about is whether the higher prices would be sustainable. We wouldn't want SLR to appear to be a pump-and-dump. Would a multipool generate a steady stream of buying pressure for the coin which, in theory, would eventually even out with selling pressure from minted coins that people staking their wallets might release onto the market, so that the price would stabilize at some level much higher than what we have now? If so, then it sounds great!

It would only increase the price if some of the SLR coins paid out would not be sold. If 100% of the coins paid out were then sent by miners to the exchanges to be sold, then in theory it would do nothing for the price, as the same amount of coins produced/bought by the multipool would also be sold each day.  But, it would keep the volume on the exchanges stronger.  However, if some of the coins were tucked away, then the price should move-up, as more buying would take place than selling, at least from the multipool coins, which would help the price.  Perhaps there's a way a percentage of the coins bought via the multipool could be tucked away, or maybe donated to the cause somehow; examples: distributed back to solar generators and/or solarcoin holders, service providers, donated to promote the cause (advertising, etc.), ?.

Maybe for a bounty program for further tech development, marketing, business outreach, would be cool.

I for one would be happy if there were no staking interest. It would be better for the coins inflationary rate. The remaining unminted coins I agree could go to outreach and innovation, or some of them anyway rather than to large coin wallets.

I still think the PoS interest will assist the price growth, as there are some big wallets that will probably weigh the additional increase as a significant factor to retain their coins…you want the big holders holding :-)

I also think taking a percentage of an SLR based paying multipool (10%, 15%, 25%, ?), to allocate towards the cause, would be a big help to the coin price. It should increase the overall likelihood of more buying than selling.  I would have no problem pointing my hashing power at such a multipool, even though I would be giving some of it back to the cause.



legendary
Activity: 1736
Merit: 1001
Can the board consider this

when the announcement is made to start to switch to pos.


Could we start that asap instead of say 2 weeks out from when the announcement is made since every week another 1.44 million solarcoins will he dumped by miners

We want to do the fork at block 300,000 if our developer can get the work done by then. He's still doing some research before beginning the work, so we can't promise the fork will be at that block, but that's our goal.

Thanks!
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
Can the board consider this

when the announcement is made to start to switch to pos.


Could we start that asap instead of say 2 weeks out from when the announcement is made since every week another 1.44 million solarcoins will he dumped by miners

We want to do the fork at block 300,000 if our developer can get the work done by then. He's still doing some research before beginning the work, so we can't promise the fork will be at that block, but that's our goal.
legendary
Activity: 1736
Merit: 1001
Can the board consider this

when the announcement is made to start to switch to pos.


Could we start that asap instead of say 2 weeks out from when the announcement is made since every week another 1.44 million solarcoins will he dumped by miners

sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
I for one would be happy if there were no staking interest. It would be better for the coins inflationary rate. The remaining unminted coins I agree could go to outreach and innovation, or some of them anyway rather than to large coin wallets.

We might eventually transition away from staking interest and towards a transaction fee-based system for securing the network, like what NXT does. But that might be like a year or two down the road, after the coin has matured more and has a lot more users and transactions. (Edit: This is just my own personal opinion. I have no idea whether the Foundation might do this or not.)
sr. member
Activity: 1036
Merit: 275
yes we need a bounty program for further tech development, marketing, business outreach
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
So you're saying it's like wafflepool except that the payout to the miners is in SolarCoin instead of bitcoin? If that's what we're talking about, that would be all kinds of awesome for transaction volume. But wouldn't it spike the price of SLR with such a small amount in distribution (~30 million)?

If spiking the price brings more attention to the coin and more interest among generators, then it sounds good to me.  Grin

I guess the only thing I'd be concerned about is whether the higher prices would be sustainable. We wouldn't want SLR to appear to be a pump-and-dump. Would a multipool generate a steady stream of buying pressure for the coin which, in theory, would eventually even out with selling pressure from minted coins that people staking their wallets might release onto the market, so that the price would stabilize at some level much higher than what we have now? If so, then it sounds great!

It would only increase the price if some of the SLR coins paid out would not be sold. If 100% of the coins paid out were then sent by miners to the exchanges to be sold, then in theory it would do nothing for the price, as the same amount of coins produced/bought by the multipool would also be sold each day.  But, it would keep the volume on the exchanges stronger.  However, if some of the coins were tucked away, then the price should move-up, as more buying would take place than selling, at least from the multipool coins, which would help the price.  Perhaps there's a way a percentage of the coins bought via the multipool could be tucked away, or maybe donated to the cause somehow; examples: distributed back to solar generators and/or solarcoin holders, service providers, donated to promote the cause (advertising, etc.), ?.

Maybe for a bounty program for further tech development, marketing, business outreach, would be cool.

I for one would be happy if there were no staking interest. It would be better for the coins inflationary rate. The remaining unminted coins I agree could go to outreach and innovation, or some of them anyway rather than to large coin wallets.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
So you're saying it's like wafflepool except that the payout to the miners is in SolarCoin instead of bitcoin? If that's what we're talking about, that would be all kinds of awesome for transaction volume. But wouldn't it spike the price of SLR with such a small amount in distribution (~30 million)?

If spiking the price brings more attention to the coin and more interest among generators, then it sounds good to me.  Grin

I guess the only thing I'd be concerned about is whether the higher prices would be sustainable. We wouldn't want SLR to appear to be a pump-and-dump. Would a multipool generate a steady stream of buying pressure for the coin which, in theory, would eventually even out with selling pressure from minted coins that people staking their wallets might release onto the market, so that the price would stabilize at some level much higher than what we have now? If so, then it sounds great!

It would only increase the price if some of the SLR coins paid out would not be sold. If 100% of the coins paid out were then sent by miners to the exchanges to be sold, then in theory it would do nothing for the price, as the same amount of coins produced/bought by the multipool would also be sold each day.  But, it would keep the volume on the exchanges stronger.  However, if some of the coins were tucked away, then the price should move-up, as more buying would take place than selling, at least from the multipool coins, which would help the price.  Perhaps there's a way a percentage of the coins bought via the multipool could be tucked away, or maybe donated to the cause somehow; examples: distributed back to solar generators and/or solarcoin holders, service providers, donated to promote the cause (advertising, etc.), ?.

Maybe for a bounty program for further tech development, marketing, business outreach, would be cool.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price!  Wink

Me too. I'm happy to buy at these prices while coins are still available.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price!  Wink


Right behind ya, picking up a few myself.  It seems like almost every alt is dumping right now.

Good luck!

I think it has something to do with Scrypt ASICS. There's a ton of hashing power now and a lot of bitcoin farming pools that convert alts into BTC. The trend will continue and probably get worse in the next 2 months. Get ready for some cheap LTC. Cheesy

Guess it's a good thing we're switching to PoS ASAP instead of waiting a few more months.
sr. member
Activity: 406
Merit: 250
It's been a pretty dry weekend compared to the last one!  Grin
Pages:
Jump to: