Some one has 400,540 KH/s pointed at us 
diff 22, highest I've seen yet, crazy!
Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 20. (Read 138368 times)
August 03, 2014, 09:55:20 PM
diff 22, highest I've seen yet, crazy!
August 03, 2014, 09:46:06 PM
The "pump" (really just a revaluation) may have already started. I didn't think it would happen so soon, but lots of people read Bitcointalk forums and when word goes out that a PoW coin with a big block reward is going to implement scarcity and switch to PoS, it's no surprise that some people are jumping the gun and bidding up the price before it even happens.
SolarCoin has never had more than a few BTC volume per day, and most days in our trading history have been around 0.5 to 1 BTC total volume. Most of that has been long-term investors steadily buying the glut of coins being continuously dumped by miners. If the speculative traders ever jump on board this coin and we get days with hundreds of BTC in panic buying -- as happens with many coins that trade on Bittrex -- it's anyone's guess where the price could end up after the transition to PoS. The price going up fast, in and of itself, may attract new people to jump on board the solar train. I guess we'll find out soon enough.
SolarCoin has never had more than a few BTC volume per day, and most days in our trading history have been around 0.5 to 1 BTC total volume. Most of that has been long-term investors steadily buying the glut of coins being continuously dumped by miners. If the speculative traders ever jump on board this coin and we get days with hundreds of BTC in panic buying -- as happens with many coins that trade on Bittrex -- it's anyone's guess where the price could end up after the transition to PoS. The price going up fast, in and of itself, may attract new people to jump on board the solar train. I guess we'll find out soon enough.
August 03, 2014, 08:57:10 PM
Some one has 400,540 KH/s pointed at us
August 03, 2014, 06:02:05 PM
Wonder why Bittrex has not removed their take down warning? Surely the volume has risen enough this week to take it out of possible de-listing!
August 03, 2014, 05:47:28 PM
Honestly, I'm surprised to the see the price rising so much even before the fork begins. I figured buyers would want to wait until the dumpers are done dumping, but I guess if the price is expected to see 3000 satoshis, then even 1000 satoshis is a great deal!
August 03, 2014, 12:29:09 PM
If solarcoins start seing 100% gains day by day when the block reward to pos/1 is completed we are going to attract a lot of outsiders.
Something solarcoin has not been able to do yet.
let the pump begin.
Something solarcoin has not been able to do yet.
let the pump begin.
The trifecta of volume, upward price movement and increased hash power looks really nice today.
geez, highest difficulty I've seen yet. I guess because of the price rise. That probably means those miners will be dumping soon, but luckily that won't stop the pump since PoS is right around the corner. I'm excited!!
I know things are all inter-related, but I'm not sure the hash rate jump is entirely to do with the price rise, it could be more to do with the coming PoS change. i.e. Start hoarding now, especially if you have a scrypt rig to mine, while it's raining SLR. They're gonna dry up fast in a few short weeks unless you generate solar electricity to claim them or have a decent size of holdings to mint them after the switch. There may not be much dumping in the short term if that's what is happening.
I'm mining with about 100MHs right now and I have no intention of selling them until after the switch to PoS and then I may let some go to help liquidity until claimants start piling on to spark supply again.
August 03, 2014, 12:16:09 PM
If solarcoins start seing 100% gains day by day when the block reward to pos/1 is completed we are going to attract a lot of outsiders.
Something solarcoin has not been able to do yet.
let the pump begin.
Something solarcoin has not been able to do yet.
let the pump begin.
The trifecta of volume, upward price movement and increased hash power looks really nice today.
geez, highest difficulty I've seen yet. I guess because of the price rise. That probably means those miners will be dumping soon, but luckily that won't stop the pump since PoS is right around the corner. I'm excited!!
August 03, 2014, 08:46:04 AM
If solarcoins start seing 100% gains day by day when the block reward to pos/1 is completed we are going to attract a lot of outsiders.
Something solarcoin has not been able to do yet.
let the pump begin.
Something solarcoin has not been able to do yet.
let the pump begin.
The trifecta of volume, upward price movement and increased hash power looks really nice today.
August 03, 2014, 08:01:59 AM
If solarcoins start seing 100% gains day by day when the block reward to pos/1 is completed we are going to attract a lot of outsiders.
Something solarcoin has not been able to do yet.
let the pump begin.
Something solarcoin has not been able to do yet.
let the pump begin.
August 03, 2014, 06:31:25 AM
I would love to buy one of the books in Solarcoin and have it delivered to New Zealand. Is there any way we can pay more solar to include the delivery cost. It looks like a good book and will be nice to see what ideas Nick has.
I suppose there would be nothing to stop you (or anyone really) from paying more than the §300.
August 03, 2014, 06:23:33 AM
Since the ultimate goal is PoS, why favor Option 1 over Option 3?
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
Option 1 or 1B would produce a couple million fewer coins into circulation, so the price might rise a bit faster and higher. But I don't think it would be a big difference. We might have 33 million coins in circulation when we switch to PoS instead of 35 million, something like that. About 5-10% fewer coins.
Option 3 might give us a somewhat better chance of persuading pools to switch to the fork. But I don't know enough about how pools operate to have an informed opinion about those prospects. Anyone want to weigh in that?
Instead of persuading pools, why don't we setup our own Solarcoin pool with 0 pool fee ? It cant be so hard. If there someone experienced about pool setup, I can provide a server on azure.
I assume you mean for the purposes of forking the coin successfully once the algorithm is done?
Yes exactly.
We can start trying build a pool fot the current algorithm and when the new one is ready, replace it.
There's a generic pool that can be built in linux fairly easily. Or I can set up a 24 hour wallet and you all can just direct all your hashing power to me, heh heh heh.
I have an online linux server. Let me try to build a pool. If anyone interested to help i can give ssh and login information.
August 03, 2014, 04:29:24 AM
I would love to buy one of the books in Solarcoin and have it delivered to New Zealand. Is there any way we can pay more solar to include the delivery cost. It looks like a good book and will be nice to see what ideas Nick has.
August 03, 2014, 04:15:55 AM
Since the ultimate goal is PoS, why favor Option 1 over Option 3?
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
Option 1 or 1B would produce a couple million fewer coins into circulation, so the price might rise a bit faster and higher. But I don't think it would be a big difference. We might have 33 million coins in circulation when we switch to PoS instead of 35 million, something like that. About 5-10% fewer coins.
Option 3 might give us a somewhat better chance of persuading pools to switch to the fork. But I don't know enough about how pools operate to have an informed opinion about those prospects. Anyone want to weigh in that?
Instead of persuading pools, why don't we setup our own Solarcoin pool with 0 pool fee ? It cant be so hard. If there someone experienced about pool setup, I can provide a server on azure.
I assume you mean for the purposes of forking the coin successfully once the algorithm is done?
Yes exactly.
We can start trying build a pool fot the current algorithm and when the new one is ready, replace it.
There's a generic pool that can be built in linux fairly easily. Or I can set up a 24 hour wallet and you all can just direct all your hashing power to me, heh heh heh.
August 03, 2014, 04:01:49 AM
Since the ultimate goal is PoS, why favor Option 1 over Option 3?
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
Option 1 or 1B would produce a couple million fewer coins into circulation, so the price might rise a bit faster and higher. But I don't think it would be a big difference. We might have 33 million coins in circulation when we switch to PoS instead of 35 million, something like that. About 5-10% fewer coins.
Option 3 might give us a somewhat better chance of persuading pools to switch to the fork. But I don't know enough about how pools operate to have an informed opinion about those prospects. Anyone want to weigh in that?
Instead of persuading pools, why don't we setup our own Solarcoin pool with 0 pool fee ? It cant be so hard. If there someone experienced about pool setup, I can provide a server on azure.
I assume you mean for the purposes of forking the coin successfully once the algorithm is done?
Yes exactly.
We can start trying build a pool fot the current algorithm and when the new one is ready, replace it.
August 02, 2014, 10:59:29 PM
Allcrypt working again. 220k volume past few hours
... and the bittrex volume is up as well. I guess for the time being we won't need to worry about the market being de-listed on bittrex.
August 02, 2014, 10:31:10 PM
Just bought a copy of the book Nature Of Value for 300 solarcoins
I did too! I can't wait to read it.
August 02, 2014, 09:59:14 PM
Just bought a copy of the book Nature Of Value for 300 solarcoins
August 02, 2014, 08:27:41 PM
Allcrypt working again. 220k volume past few hours
August 02, 2014, 04:28:22 PM
Since the ultimate goal is PoS, why favor Option 1 over Option 3?
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
Option 1 or 1B would produce a couple million fewer coins into circulation, so the price might rise a bit faster and higher. But I don't think it would be a big difference. We might have 33 million coins in circulation when we switch to PoS instead of 35 million, something like that. About 5-10% fewer coins.
Option 3 might give us a somewhat better chance of persuading pools to switch to the fork. But I don't know enough about how pools operate to have an informed opinion about those prospects. Anyone want to weigh in that?
Instead of persuading pools, why don't we setup our own Solarcoin pool with 0 pool fee ? It cant be so hard. If there someone experienced about pool setup, I can provide a server on azure.
I assume you mean for the purposes of forking the coin successfully once the algorithm is done?
August 02, 2014, 06:35:07 AM
Since the ultimate goal is PoS, why favor Option 1 over Option 3?
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
I vote Option 3, unless for some reason people think Option 1 would lead to a larger price rise.
Option 1 or 1B would produce a couple million fewer coins into circulation, so the price might rise a bit faster and higher. But I don't think it would be a big difference. We might have 33 million coins in circulation when we switch to PoS instead of 35 million, something like that. About 5-10% fewer coins.
Option 3 might give us a somewhat better chance of persuading pools to switch to the fork. But I don't know enough about how pools operate to have an informed opinion about those prospects. Anyone want to weigh in that?
Instead of persuading pools, why don't we setup our own Solarcoin pool with 0 pool fee ? It cant be so hard. If there someone experienced about pool setup, I can provide a server on azure.
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