Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 38. (Read 138370 times)
June 24, 2014, 07:01:13 AM
Pfff...price is riddiculous low
June 24, 2014, 05:24:34 AM
What was the network hash rate before all the shenanigans started with exploiting the difficulty adjustment? I can't remember...
June 24, 2014, 05:23:00 AM
Hi everyone,
Since PoS is a topic of interest around here, I want to let you all know that the SolarCoin Foundation Board has been having some in-depth conversations about ideas for possible PoS implementation or other ways to reduce the inflation rate. At this point, we're still just discussing various options and nothing has been decided yet. We're serious about improving the technical and economics aspects of this currency.
In that vein, I'd like to hear some thoughts from the community about a few ideas. If you had to pick between the following choices, which would you prefer?
A. Switch to PoS with a high staking interest rate (10%+ per year)
B. Switch to PoS with a lower staking interest rate (somewhere from 1% to 10% per year)
C. Continue PoW but reduce mining reward so that fewer new coins would be created.
If you can explain the reasons for your answer, that would be even more helpful. Thanks!
This is not an official survey, just one Board member who is curious to hear people's opinions.
Since PoS is a topic of interest around here, I want to let you all know that the SolarCoin Foundation Board has been having some in-depth conversations about ideas for possible PoS implementation or other ways to reduce the inflation rate. At this point, we're still just discussing various options and nothing has been decided yet. We're serious about improving the technical and economics aspects of this currency.
In that vein, I'd like to hear some thoughts from the community about a few ideas. If you had to pick between the following choices, which would you prefer?
A. Switch to PoS with a high staking interest rate (10%+ per year)
B. Switch to PoS with a lower staking interest rate (somewhere from 1% to 10% per year)
C. Continue PoW but reduce mining reward so that fewer new coins would be created.
If you can explain the reasons for your answer, that would be even more helpful. Thanks!
This is not an official survey, just one Board member who is curious to hear people's opinions.
I can see PoS implemented in the future. An actuarial study should be performed to find the proper interest rate this coin should have, and whether it should be fixed, variable, what rate it should fluctuate etc. It will increase the incentive to producers to file a claim. If PoS is implemented however the mining reward will have to be reduced as a ratio of interest earnings otherwise the coin might inflate and could potentially ruin the incentive it's attempting to promote.
So yes on PoS and reduce PoW in a way that's proportional to the plan of the incentive. Making a mid course correction now can have great benefit to the entire program. It needs to be flexible but also not bend to every whim of the community.
That's essentially the proposal I worked on all weekend and put forward to the Board!
(What Charles is describing) 
June 24, 2014, 05:03:20 AM
Hi everyone,
Since PoS is a topic of interest around here, I want to let you all know that the SolarCoin Foundation Board has been having some in-depth conversations about ideas for possible PoS implementation or other ways to reduce the inflation rate. At this point, we're still just discussing various options and nothing has been decided yet. We're serious about improving the technical and economics aspects of this currency.
In that vein, I'd like to hear some thoughts from the community about a few ideas. If you had to pick between the following choices, which would you prefer?
A. Switch to PoS with a high staking interest rate (10%+ per year)
B. Switch to PoS with a lower staking interest rate (somewhere from 1% to 10% per year)
C. Continue PoW but reduce mining reward so that fewer new coins would be created.
If you can explain the reasons for your answer, that would be even more helpful. Thanks!
This is not an official survey, just one Board member who is curious to hear people's opinions.
Since PoS is a topic of interest around here, I want to let you all know that the SolarCoin Foundation Board has been having some in-depth conversations about ideas for possible PoS implementation or other ways to reduce the inflation rate. At this point, we're still just discussing various options and nothing has been decided yet. We're serious about improving the technical and economics aspects of this currency.
In that vein, I'd like to hear some thoughts from the community about a few ideas. If you had to pick between the following choices, which would you prefer?
A. Switch to PoS with a high staking interest rate (10%+ per year)
B. Switch to PoS with a lower staking interest rate (somewhere from 1% to 10% per year)
C. Continue PoW but reduce mining reward so that fewer new coins would be created.
If you can explain the reasons for your answer, that would be even more helpful. Thanks!
This is not an official survey, just one Board member who is curious to hear people's opinions.
I can see PoS implemented in the future. An actuarial study should be performed to find the proper interest rate this coin should have, and whether it should be fixed, variable, what rate it should fluctuate etc. It will increase the incentive to producers to file a claim. If PoS is implemented however the mining reward will have to be reduced as a ratio of interest earnings otherwise the coin might inflate and could potentially ruin the incentive it's attempting to promote.
So yes on PoS and reduce PoW in a way that's proportional to the plan of the incentive. Making a mid course correction now can have great benefit to the entire program. It needs to be flexible but also not bend to every whim of the community.
June 24, 2014, 01:57:34 AM
Hi everyone,
Since PoS is a topic of interest around here, I want to let you all know that the SolarCoin Foundation Board has been having some in-depth conversations about ideas for possible PoS implementation or other ways to reduce the inflation rate. At this point, we're still just discussing various options and nothing has been decided yet. We're serious about improving the technical and economics aspects of this currency.
In that vein, I'd like to hear some thoughts from the community about a few ideas. If you had to pick between the following choices, which would you prefer?
A. Switch to PoS with a high staking interest rate (10%+ per year)
B. Switch to PoS with a lower staking interest rate (somewhere from 1% to 10% per year)
C. Continue PoW but reduce mining reward so that fewer new coins would be created.
If you can explain the reasons for your answer, that would be even more helpful. Thanks!
This is not an official survey, just one Board member who is curious to hear people's opinions.
Since PoS is a topic of interest around here, I want to let you all know that the SolarCoin Foundation Board has been having some in-depth conversations about ideas for possible PoS implementation or other ways to reduce the inflation rate. At this point, we're still just discussing various options and nothing has been decided yet. We're serious about improving the technical and economics aspects of this currency.
In that vein, I'd like to hear some thoughts from the community about a few ideas. If you had to pick between the following choices, which would you prefer?
A. Switch to PoS with a high staking interest rate (10%+ per year)
B. Switch to PoS with a lower staking interest rate (somewhere from 1% to 10% per year)
C. Continue PoW but reduce mining reward so that fewer new coins would be created.
If you can explain the reasons for your answer, that would be even more helpful. Thanks!
This is not an official survey, just one Board member who is curious to hear people's opinions.
June 24, 2014, 01:44:05 AM
The next issue is to see what happens to the value of SLR over the next while. It doesn't matter much to me as I am mining for the long haul, but the next few days will be interesting as we see who unloads... or not ...
I personally find it hard to believe that any miner would find it profitable to mine SolarCoin and dump it into bids around 500-600 satoshis, but somebody keeps selling at these prices. It seems to defy logic.
I guess we'll find out soon enough if the selling will stop. It seems like now would be a good time for a long-term investor to take a large position. I wish I had thousands more dollars available to buy a million SLR at these insanely low prices.
June 23, 2014, 07:05:14 PM
Really enjoying mining for thousands of solarcoins a day again 
Yeah, it's almost like the good old days before SLR got listed on Allcrypt.
Yes it is. Although it is too early to be absolutely sure, the new 15 block DIFF change algorithm appears to have stopped the big swings. For the big miners (whales?) it becomes a self defeating exercise and the apparent (but unproven) attempts to manipulate the DIFF have gone.
The next issue is to see what happens to the value of SLR over the next while. It doesn't matter much to me as I am mining for the long haul, but the next few days will be interesting as we see who unloads... or not ...
Terciops
Mining solar with a handfull of Gridseeds at :
http://solar.prominer.org/
June 23, 2014, 05:44:19 PM
Really enjoying mining for thousands of solarcoins a day again
Yeah, it's almost like the good old days before SLR got listed on Allcrypt.
June 23, 2014, 05:29:01 PM
Really enjoying mining for thousands of solarcoins a day again
June 23, 2014, 01:27:20 PM
Can you guys add a search to the block explorer, showing like top 500 wallets or something??
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
That would be interesting ... but even a major player might be dispersing his coins amongst several addresses.
June 23, 2014, 01:21:30 PM
Can you guys add a search to the block explorer, showing like top 500 wallets or something??
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
You think there could be someone out there with more than 10 million SolarCoins???
All your SolarCoins are belong to us!
June 23, 2014, 01:03:43 PM
Can you guys add a search to the block explorer, showing like top 500 wallets or something??
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
You think there could be someone out there with more than 10 million SolarCoins???
June 23, 2014, 01:00:31 PM
Can you guys add a search to the block explorer, showing like top 500 wallets or something??
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
Would be interesting to see some transparency as far as what wallets out there are holding the most... This would definitely give a clear view if there are a few users holding more than 50% of the coins mined...
June 23, 2014, 11:17:21 AM
Miners, do please keep us informed here (or on the forums @ solarcoin.org) about your experience and observations (positive or negative) with the new diff retargeting. thanks!
June 23, 2014, 10:58:11 AM
Great job people!
June 23, 2014, 10:48:29 AM
208,440 came and gone... Huge whale still hashing away right now... See where the next couple days land...
Yeah, he's hashing at 10+ difficulty. So much for the easy beat down. With the difficulty rising, I suspect they will not be hanging around solarcoin too much. Let the door open to the larger number of smaller miners! ;-)
June 23, 2014, 10:46:28 AM
As expected we are now retargeting difficulty every 15 blocks.
You can see a table of last blocks including difficulty on our block explorer at http://solarcoin.zapto.org/chain/solarcoin. The mining pools show the correct current difficulty but their "change in xx blocks" and "est. next difficulty" stats are still based on the 1440 retarget so will not be accurate until the pool operators get that updated.
Will be interesting to see how this affects network hashrate stability over the coming days.
You can see a table of last blocks including difficulty on our block explorer at http://solarcoin.zapto.org/chain/solarcoin. The mining pools show the correct current difficulty but their "change in xx blocks" and "est. next difficulty" stats are still based on the 1440 retarget so will not be accurate until the pool operators get that updated.
Will be interesting to see how this affects network hashrate stability over the coming days.
June 23, 2014, 10:39:50 AM
208,440 came and gone... Huge whale still hashing away right now... See where the next couple days land...
June 23, 2014, 08:09:04 AM
Looks very good coin, trading is not active,why?
My guess is people/traders are pulling their bids/offers until the mining change at block 208440 happens. Meanwhile some who are mining right now are selling into the lower bids that are still sitting there on the exchanges. Assuming that goes smoothly with no hiccups, the bids will come back in.
We'll know more in a few hours.
June 23, 2014, 06:12:01 AM
The 10 minute comment in the original source code is obviously a typo; it should say 15 minutes. The other branches are still a work in progress for testing purposes and still need to be cleaned up. No worries we will get that done!
To avoid any confusion when we hit the 208440 block, the mining pools will need to update their statistics to reflect the new 15 minute retargets. If that is not done the mining pool front end will not show the correct estimated next difficulty and change in xx blocks. That does not indicate any actual problems on the network, just a mistake in the mpos front end web page.
I already reached out to cryptopoolmining but have not heard back yet. Will also contact prominers now.
Pool operators in case you are reading this I believe you need to update the coindiffchangetarget value in your MPOS configuration.
To avoid any confusion when we hit the 208440 block, the mining pools will need to update their statistics to reflect the new 15 minute retargets. If that is not done the mining pool front end will not show the correct estimated next difficulty and change in xx blocks. That does not indicate any actual problems on the network, just a mistake in the mpos front end web page.
I already reached out to cryptopoolmining but have not heard back yet. Will also contact prominers now.
Pool operators in case you are reading this I believe you need to update the coindiffchangetarget value in your MPOS configuration.
Great stuff - keep up the good work - much appreciated!
:-)
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