Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 24. (Read 138368 times)

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Great thinking terciops!

+8

yup if anyone decided to put a few grand in this at one time the price would go up crazy.

Whoa! Check out the Bittrex 24 hour chart. Someone wanted to buy some SLR huh? 

Agreed. +8 Ken

Terciops. Excellent post

Going back to the SLR concept of rewarding generators per MW....

The current system is to reward solar generators by monthly proof of generation.  This is a lot of work and the idea recently of linking the inverters / meters to the IoT (Internet of Things) with Eurethium or whatever is sound, but ...

I have done a fair bit of software for the ENASOLAR inverters that I use at home and even getting one inverter type to talk to the 'Net is hard enough, and finding common ground to align them all is going to be a nightmare, particularly with legacy inverters.  There is no way to easily / cheaply update all those already installed units to talk a common language - even if there was a standard agreed upon - and there is not AFAIK.

However, it occurred to me that perhaps a lateral step back could provide a solution.

I have had 24 x 190W panels (4.4 Kw through 2  Enasolar inverters - I have a NW and NE array) on my roof since 15 Nov 2011 - 986 days to be exact.  I keep a per day automated log of our all electric house's use and generation and the information is useful for forecasting and rapid feedback of problems on the use and generation side.    Although there are obviously quite large variations of day to day generation and month on month seasonal changes in solar output, the year on year by month is remarkably consistent and reliable.

I went into my spreadsheet this morning and jigged around a few aggregate numbers for the whole period of operation : (rounded sensibly for overview discussion rather than pedantic values)

Daily each panel produces 0.7 KWh
Annually each panel produces 244 KWh
Over 25 year lifetime a (190W) panel will produce 6.1 MWh

Panels nowadays are more like 235-250 per, so perhaps 7.5 MWh per panel would be nearer.  However variations in geographical and climatic conditions will produce a a greater range than pure panel specs, so for argument's sake, let us go with 7 MWh per panel over whole nominal life.

Where I live that would equate to a retail (inc taxes) spend of 7000 x 0.28NZ$ = $1960 = US$1666 (at today's rate).

My panels cost me around NZ$650 each (installed)  but now I would expect to pay nearer NZ$350.  Although the steepness of the price curve is leveling, there is no reason to doubt NZ$1.50/W installed in the near future.  But there are a lot of other soft and variable costs with getting those big flat shiny things onto the roof safely and making grid phased power, that the pure panel cost is just part of the cost - although a reducing segment.

My point is that you could actually allocate SLR not on an invoiced generation monthly rate as proposed, but on a forecast ability to produce.  The only leap of faith is that having brought a panel it would go into the sun and the output used.  I personally find it inconceivable that apart from the odd breakage / failure, which are replaced anyway, that a individual (as apart from a re-seller) having brought a panel(s), they would not use it.  The vision of a garage full of 2x1 meter glass and aluminium slabs stacked up as decoration just does not work.

If you can make that leap of concept then the solution is easy and much less administratively demanding.  On production of a retail installation invoice (or just a panel purchase invoice) you get a certificate of Generation Potential for the annual forecast output of your panels.  My average output over the installation comes to 1.28KWh per installed Watt per annum.   People living in sunnier climes than Auckland, may get more, others less.  But the radiance figures are available from NORA and I would guess that a sensible regional number could easily be allocated.

So rounding down to accommodate the lowest common generator, you could quite logically allocate 1 SLR per KW installed per annum in arrears.  Simple, easy to administer and relatively fair.  At the current SLR value, that is of course the square root of sod all, but at the possible price of $20, that would be well worth having.

I have spoken to my installer here in Auckland and they would have no objection to including the potential SLR Certificate as part of their advertising (it costs them nothing after all)  as it would be just another perceived benefit.  So why would that not be a common reaction?

So how would it work ?

On production of a solar installation invoice (from an approved supplier?),  the end user gets a certificate JPG every year (for 25 years) of a QR code that contains the block for X SLR.  Or, if they have a SLR wallet registered, then the transaction goes straight to that.  Simple to do.  The alternative of sending in monthly / annual certified generation certificates etc etc is a nightmare by comparison.

You need a change mechanism for when people move / die / sell houses etc, but that is normal practice anyway.

Just an idea.....

Ken




 







 

if they approve 1 solarcoin a minute

and solarcoins price stays at today's current price around $ .002 cents  you could buy every coin up that was made for that day 1440 solarcoins for under $3

Prices only have one way to go and that is up in the near future. I for one will be happy to put the $3 in every day to buy them up  

just found this on facebook


Posted by
Nick Gogerty

"A time locked escrow vault is a very interesting idea and one I personally am interested in researching. It could be implemented using the SLR blockchain or another tech like ethereum (once proven and stable). ie. a private key or other time/event based escrow circulation trigger. this is definitely something being considered for the generator pool. Right now priority is getting the mining reward circulation rate decreased. This will be signalled to the community and of course requires pool buy in. Current discussion is a §1 slr daily (1,440 block) drop in reward for 99 days starting at a pre-determined block and/or a move to POS."
2 hrs · Like · 1

Some one is still on the ask if you buy say 100k coins in a few hours another 100k will be up for sale around the same price.

1 solar a minute please  

I just had a fun thought...  Maybe Ghost Trader has been setting us up all this time with a... wait for it... a "dump & pump" 

That would be pretty cool actually (and clever), even though I realize it's highly unlikely, I can pretend it's true and get excited again. The exact reverse trading strategy of all the other altcoin "pump and dumps". Makes me giggle a little.

But on the 1% chance I'm right, Ghost Trader owes ME a beer for being so damn clever. 

No, nothing has changed.

Don't know much about it, but reads like another ripple labs startup….using blockchain technology to log transactions.  Maybe even with a similar concept in that you need a small amount of coins to fund the blockchain transactions?  I think there are others that may make a play for this as well (i.e.; pantera capital)? Time will tell if they will be worth anything down the road? This new group seems to be keen on software and APIs to support the technology, so they may do better?  Realistically, building and using a blockchain to log transactions is really kids stuff now….and in 3-5 years there may be dozens of companies all doing the same thing, trying to find spaces to solution the technology…and may end up making everything cheap, with little value?

The good news is that they had a huge opening…signalling that companies/investors want to throw their $ at anything in this space!  It could be the beginning of the dot com boom all over again.  lol

I'm not an engineer, but it is conceivable.

How would that work exactly? I'm curious.

I'm not sold on etherium. I honestly think the solarcoin wallet itself can handle all of the requests in a decentralized manner by inserting code that sends live telemetry straight from your meter.

I just bought some Ether. When they come out with their platform, I want to play around with it to see if it's something we can use for decentralized contracts for generator grants. It's all greek to me right now (the coding that is) but I know that it costs Ether to create/execute a contract on what ever blockchain you want. At least that's my understanding anyway, so it would fit really well with generator grant applications, it could even keep the identity secure depending on how the contract is structured.

I'm a little excited for all of that to come over the next year or two . It may not be an ethereum solution but from everything I've looked at, it seems to be a very synergistic choice.

I doubt it's anything to worry about. Solarcoin doesn't move at the speed of crypto geek impatience. There's a plan and it's being executed.

Somebody must know something

T