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Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 15. (Read 138368 times)

legendary
Activity: 1708
Merit: 1000
Solarcoin.org
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
full member
Activity: 126
Merit: 100
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!
legendary
Activity: 1736
Merit: 1001
Hope nobody minds but I sent a request to Bittrex asking them to remove the warning from SLR.  We have surpassed their requirements and time allotted.

Good idea.
legendary
Activity: 1260
Merit: 1000
Hope nobody minds but I sent a request to Bittrex asking them to remove the warning from SLR.  We have surpassed their requirements and time allotted.
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
Network Info
Difficulty    51.67006474
Est Next Difficulty    51.81399249 (Change in 1403 Blocks)
Est. Avg. Time per Block    59 seconds
Current Block    270757

Hash rate 3,708 MH/s!

hero member
Activity: 546
Merit: 500
I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price!  Wink
hero member
Activity: 546
Merit: 500
I liked mining SLR better when the difficulty was 1.

 Tongue

I was always looking to mine other coins when the diff rose to 1.
I liked it best at a diff of 0.25-0.5
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
I liked mining SLR better when the difficulty was 1.

 Tongue
newbie
Activity: 17
Merit: 0
I love seeing this: http://thenatureofvalue.com/bitcoin-solarcoin-accepted/  Grin Cheesy Grin

I got mine in the mail a couple of days ago, it's inscribed and everything! It's only the second book I've ever had signed by the author. Cheesy

It is New Brunswick Day on Monday, so I can hopefully find some time to start reading it over this long weekend.

It's a really nice book, I was suitably impressed when I opened it.

Bought my copy of the book.  My first cryptocurrency purchase!


BTC: 14nAytauuGTsnWbGxDuropawgpgGyV8gGW | SLR §: 8X3PKaV8dpm6Rnw3PDteEoyN2pzv2oHy5S
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.), ?.

hero member
Activity: 546
Merit: 500
How about building a multi pool like Blackcoin's after PoS transition?

It will help both miners and stake holder.

The miners mine most profitable coin and exchange it for SLR. It will place continuous buy order and support price level.

It also utilize current scrypt ASIC machine which is owned by current solar miner.

It defeats the purpose of SLR. The way people should get it is through feed in grants. But you know people, someone will probably go right ahead and build a multipool anyway.

I agree to your point. I love the way SLR granted to generators. That's why I've stick to this coin since January.
However, to promote adoption of Solarcoin in both Photovoltaic industry and Crypto World, maintaining certain price level is crucial. It might be around 1$. I think.

When it comes to PoS, there won't be huge dump like in PoW. But minted interests have a tendency to become sell orders.
I've noticed that a lot of PoS coins shrinking with lack of buy support.
We'd better building dedicated multi pool before PoS transition.
I think that is not option for pure PoS coin. Must have.


You make a good point sylph93. A pool similar to wafflepool, but with SLR as a base coin is a great idea. I would mine such a pool.
Acquisition of SLR through grants alone would kill the coin before it ever gained popularity. SLR needs to stay on exchanges.

I don't know enough about multipools to have an informed opinion of what the pros/cons would be for SolarCoin. But if somebody wants to research it and think about it and write something up for the team to consider, please do so. It's not urgent but it might be an idea to consider for down the road.

I used middle coin and wafflepool since last year very good pools/ideas another reason why bitcoin has staid higher $ and most alts have crashed since alts where mined and sold for bitcoin.  But really this is not needed as all you have to do is use middlecoin/wafflepool and just buy solarcoins with the bitcoin profits like i do.

I also use pbmining/btc-arbs and buy Solarcoins with my bitcoin profits every Day/Sunday see my signature bellow.

I guess that would make the most sense, since any multipool that used slr as its base, would have to first convert the coins to btc, then to slr.
legendary
Activity: 1736
Merit: 1001
How about building a multi pool like Blackcoin's after PoS transition?

It will help both miners and stake holder.

The miners mine most profitable coin and exchange it for SLR. It will place continuous buy order and support price level.

It also utilize current scrypt ASIC machine which is owned by current solar miner.

It defeats the purpose of SLR. The way people should get it is through feed in grants. But you know people, someone will probably go right ahead and build a multipool anyway.

I agree to your point. I love the way SLR granted to generators. That's why I've stick to this coin since January.
However, to promote adoption of Solarcoin in both Photovoltaic industry and Crypto World, maintaining certain price level is crucial. It might be around 1$. I think.

When it comes to PoS, there won't be huge dump like in PoW. But minted interests have a tendency to become sell orders.
I've noticed that a lot of PoS coins shrinking with lack of buy support.
We'd better building dedicated multi pool before PoS transition.
I think that is not option for pure PoS coin. Must have.


You make a good point sylph93. A pool similar to wafflepool, but with SLR as a base coin is a great idea. I would mine such a pool.
Acquisition of SLR through grants alone would kill the coin before it ever gained popularity. SLR needs to stay on exchanges.

I don't know enough about multipools to have an informed opinion of what the pros/cons would be for SolarCoin. But if somebody wants to research it and think about it and write something up for the team to consider, please do so. It's not urgent but it might be an idea to consider for down the road.

I used middle coin and wafflepool since last year very good pools/ideas another reason why bitcoin has staid higher $ and most alts have crashed since alts where mined and sold for bitcoin.  But really this is not needed as all you have to do is use middlecoin/wafflepool and just buy solarcoins with the bitcoin profits like i do.

I also use pbmining/btc-arbs and buy Solarcoins with my bitcoin profits every Day/Sunday see my signature bellow.
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!
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)?

This is a great idea! This could be setup now, and those with miners could start the ball rolling. You're correct, the concept is to mine other coins, and sell them, and convert the miner payouts to SLR.  In theory, it should increase the price of SLR, as a constant stream of buying would take place.

If it's easy enough to set up and wouldn't require the team to spend money to get it done (i.e. SLR supporters are willing to set it up on their own as volunteers) then go for it.
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)?

This is a great idea! This could be setup now, and those with miners could start the ball rolling. You're correct, the concept is to mine other coins, and sell them, and convert the miner payouts to SLR.  In theory, it should increase the price of SLR, as a constant stream of buying would take place.
sr. member
Activity: 406
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)?
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
How about building a multi pool like Blackcoin's after PoS transition?

It will help both miners and stake holder.

The miners mine most profitable coin and exchange it for SLR. It will place continuous buy order and support price level.

It also utilize current scrypt ASIC machine which is owned by current solar miner.

It defeats the purpose of SLR. The way people should get it is through feed in grants. But you know people, someone will probably go right ahead and build a multipool anyway.

I agree to your point. I love the way SLR granted to generators. That's why I've stick to this coin since January.
However, to promote adoption of Solarcoin in both Photovoltaic industry and Crypto World, maintaining certain price level is crucial. It might be around 1$. I think.

When it comes to PoS, there won't be huge dump like in PoW. But minted interests have a tendency to become sell orders.
I've noticed that a lot of PoS coins shrinking with lack of buy support.
We'd better building dedicated multi pool before PoS transition.
I think that is not option for pure PoS coin. Must have.


You make a good point sylph93. A pool similar to wafflepool, but with SLR as a base coin is a great idea. I would mine such a pool.
Acquisition of SLR through grants alone would kill the coin before it ever gained popularity. SLR needs to stay on exchanges.

I don't know enough about multipools to have an informed opinion of what the pros/cons would be for SolarCoin. But if somebody wants to research it and think about it and write something up for the team to consider, please do so. It's not urgent but it might be an idea to consider for down the road.
hero member
Activity: 546
Merit: 500
How about building a multi pool like Blackcoin's after PoS transition?

It will help both miners and stake holder.

The miners mine most profitable coin and exchange it for SLR. It will place continuous buy order and support price level.

It also utilize current scrypt ASIC machine which is owned by current solar miner.

It defeats the purpose of SLR. The way people should get it is through feed in grants. But you know people, someone will probably go right ahead and build a multipool anyway.

I agree to your point. I love the way SLR granted to generators. That's why I've stick to this coin since January.
However, to promote adoption of Solarcoin in both Photovoltaic industry and Crypto World, maintaining certain price level is crucial. It might be around 1$. I think.

When it comes to PoS, there won't be huge dump like in PoW. But minted interests have a tendency to become sell orders.
I've noticed that a lot of PoS coins shrinking with lack of buy support.
We'd better building dedicated multi pool before PoS transition.
I think that is not option for pure PoS coin. Must have.


You make a good point sylph93. A pool similar to wafflepool, but with SLR as a base coin is a great idea. I would mine such a pool.
Acquisition of SLR through grants alone would kill the coin before it ever gained popularity. SLR needs to stay on exchanges.
sr. member
Activity: 406
Merit: 250
Bittrex still has that notice on the SLR trading page that says it "may be removed on Aug 1st unless the average trade volume for the last 7 days exceeds 0.1 BTC." lol. We've been doing several times that volume on Bittrex for a couple weeks now, and nothing happened on August 1. Did they invent a time machine? Tongue

I tweeted them, it was probably a little passive aggressive on my part  Roll Eyes but I did it anyway. LOL
sr. member
Activity: 406
Merit: 250
It's like Nick said to me once, there is much more value for everyone involved by growing the pie than by just trying to get a larger piece of it. He's a smart cookie that Nick Gogerty.  Smiley
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