Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 22. (Read 138368 times)

terciops........I didn't want to re-quote your whole post, but DUDE.......thank you so much for taking the time to post this man, I really appreciate that!!

Quite nice to run into a nice and helpful crowd on this forum:-)

No man, with those instructions I should have no problem at all!  Will def reach out though if needed, and with that.......I can now offer up my 50 mh/s when/if needed whether a pool exists or not.  Assuming I can get all 16 of my rigs (each 10 Gridseeds) mining under one wallet solo, will be fun to try anyways.

So I'm game to give a lending hand if needed with whatever I can throw down, I see SLR as great long term investment so happy to help myself earn some more too:-)

Thanks again bud!!

Thanks for your willingness to help. Regarding time-sealed escrow, Nick is planning to set that up.

I too like option #1

I have a bunch of (12 now) GPUs that I am selling off, and am picking up an ASIC scrypt rig…to go along with my 3.5 TH/s bitcoin rigs. I would be willing to keep the scrypt rig mining wherever needed (solo or pool) to push the solarcoin cause.

I also like the idea of securing the large grant wallets via a time-sealed escrow or similar….could possibly provide needed security and confidence to grow investor confidence.

All good!

Do you think we'd stand a better chance of getting the pools to accept the fork if we go with Option 3, since the reward would stay the same until PoS kicks in?


A write-up or video about how to solo-mine SLR would be great! (Edit: Just noticed your post above... thank you!) There's no guarantee that the pools will go along with any of the options for forking the coin, since all of them involve either reducing the reward of mining or ending mining. We might have to rely on solo mining by faithful SolarCoin supporters to fork the coin.

Here is a solo configuration file for your SLR wallet : (use the same passwords etc - it does not matter being internal).  The filename is solarcoin.conf and it can be found by right clicking on your SolarCoin Wallet icon and selecting OPEN FILE LOCATION....

Edit the solarcoin.conf file to read as this :

addnode=162.243.214.120
addnode=69.112.107.24
addnode=54.208.219.204
addnode=64.71.117.119
addnode=184.73.159.72
addnode=94.173.214.165
addnode=53.201.110.57
addnode=62.163.9.155
addnode=71.103.142.240
rpcuser=WorkShop
rpcpassword=WorkShop
rpcallowip=127.0.0.1
rpcport=4090
daemon=1
server=1
listen=1
gen=0


Here is a solo mining config for BFGMINER 4.2.0 (Google will find you a source - GitHub).  The expiry and scan-time values are on the low side, but the wallet is a bit slow and if you put them up to say 30 and 60 respectively to save bandwidth, you tend to get a few rejected shares.  However once the pools go quiet, that may not be the case with fewer miners and hash power in play.  Anyway, 10/10 works for me.

Paste this into bfgminer.conf and just run bfgminer as is - this is the default config.

{
"pools" : [
      {
      "url" : "127.0.0.1:4090",
      "user" : "WorkShop",
      "pass" : "WorkShop",
      "pool-priority" : "0"
      }
]
,
"api-listen" : true,
"api-mcast-port" : "4028",
"api-port" : "4028",
"expiry" : "10",
"expiry-lp" : "600",
"failover-switch-delay" : "300",
"gpu-platform" : "0",
"log" : "0",
"no-pool-disable" : true,
"no-client-reconnect" : true,
"no-unicode" : true,
"queue" : "1",
"scan-time" : "10",
"scrypt" : true,
"show-processors" : true,
"show-procs" : true,
"skip-security-checks" : "0",
"submit-stale" : false,
"kernel-path" : "C:/minerstuff/",
"scan" : [
   "gridseed:All"
],
"device" : [
   "GridSeed"
],
"set-device" : [
   "gridseed:clock=838"



The last job is to get your wallet into server mode.  Go back to the wallet directory and create a simple batch file - mine is called solosolar.bat

SolarCoin-Qt.exe -server




That will start your wallet in server mode and it will happily feed the miner in the background.  All other functions are normal.  Remember that the wallet must be running and up to date all the time you are mining.

This should be of help.  If any of the steps look a bit steep - get back to me and I will expand this.

Wow, I searched pretty good too and could not find a solution.  I have only used fancy GUI programs with my Gridseeds so far, Hashra Controlla is what I started with and am now using the Minera software which I really like.  Will have to do some research on how to solo with these things using BFGMiner, hate to let go of Minera though....is really sweat software!

Nonsense.  I have 3 Gridseed Orbs and a (very troublesome) Gridseed Blade in my workshop, solo mining away at 838Mhz.  The little 5s do very well, pro rata even better than the Blade.  Try BFGMINER 4.2.0 on your GS Orbs - best for the job I have found.

Yeah I have 3 290x cards I can solo mine with, but my main equipment are the 5 chip GridSeed units and those cannot solo mine the last I checked.  As far as I know there is no easy solution to do this yet.

I like option 1. Keep in mind however PoS does nothing for the price of a particular coin. It is however a selling point for this particular coin for all the reasons solarcoin exists. I think a gradual reduction will wean people off mining this coin and secure the network on the way to proof of stake. There will be no interest in an attack because the block rewards will not make it worthwhile.

So my vote as a miner and buyer, Option 1.

I suspect that the pools would drop us like a hot rock as the reward goes down.  That said, the big boys will not be too interested anyway so the diff rate will stay low.  Anticipating that, and because of the closure of my pool of choice, I decided to take a look at solo mining last week.  Although I thought it might be challenging - it is delightfully straightforward if you know where the bunkers are, and just takes a little twiddling to set up.  I have that process nailed down now, so if 'The Faithful' want a 'howto' on solo mining I will be happy to write that up or even do a short video of the process.

With difficulties in low single figures, even a GPU can solo mine effectively using your normal miner software of choice and the solarcoin wallet as the 'server'.

T

I'm kinda liking the 3rd option as it gives miners another shake at earning while making it more worthwhile to mine, I also like the short POW versus the long before transitioning to POS.  I however cannot solomine with my rigs so would only be able to mine if a pool was avail.

Everyone (especially miners):

The SolarCoin team would like your feedback on which way we should reduce the coin's inflation rate. Because this requires a hard fork, 51% of miners' hash rate will have to accept whatever changes to the code we make and mine the fork or else it won't take effect. Therefore, we need your support and commitment to help SolarCoin make the transition to become a low-inflation coin and enable the price to rise, thus making the coin more attractive to solar energy generators to claim their SLR.

The team has been discussing three main goals:
1. We want SolarCoin to have an inflation rate of 1 SLR per minute. If we stick with a mining-based PoW system, this would be a reward of 1 SLR per block. If we transition to PoS, it would be a 1.5% annual interest rate for staking your wallet (this is the approximate equivalent based on expected circulating coins ~35 million by that time).
2. We want to transition the coin to PoS, either sooner or later.
3. We want the granting process to be fully automated, and we will look into the possibility of using Ethereum to make that happen.

The logical progression of implementing the goals would be 1, 2, and then 3. So this is the big picture of how we see the evolution of SolarCoin. We believe taking these steps will make the coin much more valuable and interesting to generators and investors. We need maximum community support for the vision of how to move forward, both in terms of the big picture and the specifics, so that it will be successful. Cryptocurrencies are community-driven, and this is why we're asking you for your input.

On the specifics, the team is currently leaning towards the following plan, let's call it "Option 1":
-- Block reward reduction of 3 SLR per day, starting at 100 per block and ending at 1 per block, so it would be a 33 day countdown to get to 1 SLR per block.
-- After we get there, the coin would automatically switch to PoS at a 1.5% annual interest rate.
-- Goals 1 and 2 above would therefore be accomplished with only one fork.

However, we're also considering another possibility, "Option 2":
-- Block reward reduction of 1 SLR per day, so it would take 99 days to get to 1 per block.
-- PoS would not be built-in to the fork. We would implement that later as a second fork.
-- If the price doesn't rise fast enough to keep miners interested as the block reward reduction is gradually proceeding, we might have to do the second fork (to PoS) earlier. This is unpredictable.

If neither of those options are acceptable to SolarCoin miners, here's an "Option 3" to consider:
-- No block reward reduction. It stays at 100 SLR per block until the switch to PoS.
-- We do a fork to code which automatically will switch to PoS a few weeks after the fork takes effect.
-- Enjoy the huge block reward and mine the heck out of it while you can, but fully understanding and accepting that at the target block number the coin will switch to PoS and become unmineable from then on.

So the question is, which of these plans do you prefer? Which of them would you support, by mining the fork with your solo mining rigs and/or asking the pool you use to switch to the fork? Do you have a strong preference, or not?

Thank you for your input.

Eric
(SolarCoin Board Member)

Haven't posted in here in a while, but I have been slowly buying what I could since the warning from Bittrex as well.  Got another 40k or so and still working to get a few more.

SLR was actually the very first coin I mined when it first launched, haven't sold a single one......in this one for the long haul:-)

+1

I have a pending btc withdrawal since 07:00 yesterday (28th).

I withdrew all my btc from Allcrypt yesterday (transferred them to bittrex), and did not have a problem.

Its small but I can devote about 1.5 mhs and i bet the rest of the board will also help out.

I also am commited to buying coins at the ask to help support the price.

It depends on whether we just do a block reward reduction or whether we also switch to PoS after reaching 1 SLR per block. Obviously it's easier just to do the reward reduction, but it's riskier because if the price doesn't rise as fast as we expect then mining could dry up and make the coin insecure. So we're also thinking about PoS in conjunction with the reward reduction. If we go that route, we might actually reduce from 100 to 1 SLR per block in only 33 days (and then the PoS interest rate equivalent). We're talking with developers who could help our team to make sure it's done right either way.

I can't give an ETA yet, but this is our top priority and it's moving forward ASAP. We will inform the community at least a couple weeks ahead of time before the fork occurs.

Keep in mind we also have to get the pools to agree to it, unless there are some big solo miners who want to commit to mining the fork so that 51% of hash rate is for the new code. Any miners here want to comment?

Any update on ETA of the block reward reduction start time?

It's on our to-do list, but after we do the block reward reduction, and probably also after the transition to Proof-of-Stake (since that will require new wallets anyway).