Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 40. (Read 138368 times)
June 21, 2014, 11:39:53 AM
Turn those machines back on.
June 21, 2014, 07:34:19 AM
I've been following these new KnC scrypt miners lately:
https://www.kncminer.com/categories/litecoin-mining-hardware
They're almost ready to ship the first batch of Titans and mini-Titans and I'm concerned about how the scrypt market is going to respond. Last March, when they first offered the pre-order for these miners, they sold $2 million worth of miners in 4 hours:
http://techcrunch.com/2014/03/20/kncminer-sells-2-million-worth-of-scrypt-mining-machines-in-four-hours
That is 200 machines that are currently rated at 400 Mh/s. And that was just the first four hours. They have probably sold hundreds (if not thousands) more. And the people buying these will want to get a return on their investment. I've been considering purchasing a mini-Titan myself, but I'm not sure if I will really get a ROI, depending on how many (or how few sold). I'm predicting a relatively large Litecoin crash in the coming few months, once these first two batches of KnC Titans get shipped out. And if Litecoin crashes, then Solarcoin will crash along with it. ... Unless of course this PoS/algo stuff gets figured out soon!!!
https://www.kncminer.com/categories/litecoin-mining-hardware
They're almost ready to ship the first batch of Titans and mini-Titans and I'm concerned about how the scrypt market is going to respond. Last March, when they first offered the pre-order for these miners, they sold $2 million worth of miners in 4 hours:
http://techcrunch.com/2014/03/20/kncminer-sells-2-million-worth-of-scrypt-mining-machines-in-four-hours
That is 200 machines that are currently rated at 400 Mh/s. And that was just the first four hours. They have probably sold hundreds (if not thousands) more. And the people buying these will want to get a return on their investment. I've been considering purchasing a mini-Titan myself, but I'm not sure if I will really get a ROI, depending on how many (or how few sold). I'm predicting a relatively large Litecoin crash in the coming few months, once these first two batches of KnC Titans get shipped out. And if Litecoin crashes, then Solarcoin will crash along with it. ... Unless of course this PoS/algo stuff gets figured out soon!!!
Very good points. I don't think Litecoin will crash, as the difficulty will just further jump, needing more hashing power to produce more coins. On the solarcoin side, the impact is a little harder to predict. Titan owners (and other 100+ Mh/s unit owners) will be pointing their miners where the demand is. I don't think the demand is there right now for solarcoins. My guess it'll be more sporadic 1000+ Mh/s days/moments. With the low difficulty being more frequent, due to more frequent retargeting (soon), they will come. This should mean more coins on the market. It also brings back into play the idea that there could be more than the anticipated 50 million, or half of the mined solarcoins, this year. Have to also remember the block reward goes down by 50% after the 50 million mined coin.
There should be some buying times coming.
Of course, PoS would stabilize everything :-)
June 21, 2014, 12:46:59 AM
I've been following these new KnC scrypt miners lately:
https://www.kncminer.com/categories/litecoin-mining-hardware
They're almost ready to ship the first batch of Titans and mini-Titans and I'm concerned about how the scrypt market is going to respond. Last March, when they first offered the pre-order for these miners, they sold $2 million worth of miners in 4 hours:
http://techcrunch.com/2014/03/20/kncminer-sells-2-million-worth-of-scrypt-mining-machines-in-four-hours
That is 200 machines that are currently rated at 400 Mh/s. And that was just the first four hours. They have probably sold hundreds (if not thousands) more. And the people buying these will want to get a return on their investment. I've been considering purchasing a mini-Titan myself, but I'm not sure if I will really get a ROI, depending on how many (or how few sold). I'm predicting a relatively large Litecoin crash in the coming few months, once these first two batches of KnC Titans get shipped out. And if Litecoin crashes, then Solarcoin will crash along with it. ... Unless of course this PoS/algo stuff gets figured out soon!!!
https://www.kncminer.com/categories/litecoin-mining-hardware
They're almost ready to ship the first batch of Titans and mini-Titans and I'm concerned about how the scrypt market is going to respond. Last March, when they first offered the pre-order for these miners, they sold $2 million worth of miners in 4 hours:
http://techcrunch.com/2014/03/20/kncminer-sells-2-million-worth-of-scrypt-mining-machines-in-four-hours
That is 200 machines that are currently rated at 400 Mh/s. And that was just the first four hours. They have probably sold hundreds (if not thousands) more. And the people buying these will want to get a return on their investment. I've been considering purchasing a mini-Titan myself, but I'm not sure if I will really get a ROI, depending on how many (or how few sold). I'm predicting a relatively large Litecoin crash in the coming few months, once these first two batches of KnC Titans get shipped out. And if Litecoin crashes, then Solarcoin will crash along with it. ... Unless of course this PoS/algo stuff gets figured out soon!!!
June 20, 2014, 07:27:47 PM
Seriously we should transfer our all bids and asks to Bittrex. Allcrypt.com every single day have some problems!
I just managed to pick up some more cheap SLR on allcrypt. This is a great day…mining coins again nicely, and picking up cheap coins on the exchange. :-)
But you're definetly right, plenty of problems with allcrypt…you gotta figure they'll eventually be pretty stable?
I'm with moving entirely to Bittrex. I look at both exchanges when I plan to buy, but lately, while I've been tempted by the prices at AllCrypt, I use Bittrex instead. I can't be bothered trying to squeeze every little photon when in the big picture, does it really matter whether I pay 0.54 cents or 0.58 cents or 0.47 cents when I intend to hold until $20? Oh, so I make 3200% on the investment instead of 2900%! Really???
So I just do it at Bittrex so that we can try and get more volume on a bigger (and growing) exchange to increase the chances that it gets past 10 cents sooner rather than later. I think that's worth a few lost photons... 
Don't get me wrong, I have no problem with people wanting to get the absolute best possible price they can. But right now, I'm trying to think of the big picture and the road we need to travel to get there. So I ignore the temptation to hang on for the best possible price because I don't think that is necessarily adding any value. As we all know, price and value are two very different things. With that in mind, I don't intend to dicker over a few fractions of a cent if that risks a continued stagnation of value.
That's just my personal opinion.
June 20, 2014, 05:46:09 PM
Seriously we should transfer our all bids and asks to Bittrex. Allcrypt.com every single day have some problems!
I just managed to pick up some more cheap SLR on allcrypt. This is a great day…mining coins again nicely, and picking up cheap coins on the exchange. :-)
But you're definetly right, plenty of problems with allcrypt…you gotta figure they'll eventually be pretty stable?
June 20, 2014, 05:44:26 PM
Seriously we should transfer our all bids and asks to Bittrex. Allcrypt.com every single day have some problems!
I just managed to pick up some more cheap SLR on allcrypt. This is a great day…mining coins again nicely, and picking up cheap coins on the exchange. :-)
June 20, 2014, 05:18:56 PM
Seriously we should transfer our all bids and asks to Bittrex. Allcrypt.com every single day have some problems!
June 20, 2014, 12:54:46 PM
Hey, I've been mining like the old days again! Diff is reasonably low, and coins are flowing to my wallet. I will enjoy this day, and hopefully more to follow with the upcoming diff retarget interval approaching!
I will enjoy this day, and hopefully more to follow with the upcoming diff retarget interval approaching! Yeah in 4500 blocks we're automatically looking at 15 block difficulty retargets. I doubt the changes being developed will even need to be implemented so early. I would still be possible to break the difficulty if some large miners came in and mined for a bit and left the difficulty so high it would take weeks for the small numbers left behind to fix the damage but it wouldn't be profitable for them.
June 20, 2014, 08:49:37 AM
Hey, I've been mining like the old days again! Diff is reasonably low, and coins are flowing to my wallet. I will enjoy this day, and hopefully more to follow with the upcoming diff retarget interval approaching!
I will enjoy this day, and hopefully more to follow with the upcoming diff retarget interval approaching! June 20, 2014, 08:02:27 AM
coin will dead if dev not set from pow to pos
June 19, 2014, 05:21:53 PM
Hello solarcoin miners, investors, and community. Thank you all for your patience while we prepare changes to the difficulty retargeting algorithm. We are currently testing digishield on the solarcoin testnet. Please know that we are doing our best to be thorough; even small seemingly innocuous code changes can have large unforeseen affects on the network. Our goal is to ensure a smooth hard fork and maintain ongoing solarcoin network stability. We will keep the community updated as we draw nearer to implementation.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
Awesome news! Thanks for the updates :-)
June 19, 2014, 01:34:01 PM
I grabbed a Fury from GAW on the cloud and have been mining LTC with it, but with this news I pointed it to prominer to help expedite. My GPU scrypt miner has reached it's end life usefulness unless I mine vert, but even that isn't nearly as profitable as it once was. ASICs are here to stay and I'm glad they are. You cannot build a solid venture without scalability. ASIC's provide that scalability, without them the real world will not adopt the technology. If Bitcoin never adopted ASIC tech, we would be going about our lives right now without even knowing about it on the most part, at least the general public would.
June 19, 2014, 01:13:14 PM
Hello solarcoin miners, investors, and community. Thank you all for your patience while we prepare changes to the difficulty retargeting algorithm. We are currently testing digishield on the solarcoin testnet. Please know that we are doing our best to be thorough; even small seemingly innocuous code changes can have large unforeseen affects on the network. Our goal is to ensure a smooth hard fork and maintain ongoing solarcoin network stability. We will keep the community updated as we draw nearer to implementation.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
Thank you Doug!
June 19, 2014, 01:08:23 PM
Hello solarcoin miners, investors, and community. Thank you all for your patience while we prepare changes to the difficulty retargeting algorithm. We are currently testing digishield on the solarcoin testnet. Please know that we are doing our best to be thorough; even small seemingly innocuous code changes can have large unforeseen affects on the network. Our goal is to ensure a smooth hard fork and maintain ongoing solarcoin network stability. We will keep the community updated as we draw nearer to implementation.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
Now that IS good news.
Nice news.
Have to jump again, since someone's stole my 100k slr from my wallet some months ago.
June 19, 2014, 12:25:06 PM
Hello solarcoin miners, investors, and community. Thank you all for your patience while we prepare changes to the difficulty retargeting algorithm. We are currently testing digishield on the solarcoin testnet. Please know that we are doing our best to be thorough; even small seemingly innocuous code changes can have large unforeseen affects on the network. Our goal is to ensure a smooth hard fork and maintain ongoing solarcoin network stability. We will keep the community updated as we draw nearer to implementation.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
Now that IS good news.
June 19, 2014, 11:29:10 AM
Hello solarcoin miners, investors, and community. Thank you all for your patience while we prepare changes to the difficulty retargeting algorithm. We are currently testing digishield on the solarcoin testnet. Please know that we are doing our best to be thorough; even small seemingly innocuous code changes can have large unforeseen affects on the network. Our goal is to ensure a smooth hard fork and maintain ongoing solarcoin network stability. We will keep the community updated as we draw nearer to implementation.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
In the meantime, there may be a bit of relief coming quite soon. There is a perhaps little known change to the difficulty retargeting mechanism that is already set to happen. Starting at block 208440, difficulty will be retargeted every 15 blocks instead of every 1440 blocks. The block target will remain the same at one minute. You do not need to update anything to implement this retarget change. It is built into the current clients and will happen automatically across the network starting at block 208440. FYI you can find this in the source code here https://github.com/solarcoin/solarcoin/blob/master/src/main.cpp#L846.
15 minute retargeting will not completely solve the multipool / large miner issues we have been seeing lately, but it will certainly reduce the period of time we are stuck at high difficulty and perhaps make make it more unreasonable for whoever is throttling the network at low difficulty to continue this practice, considering the difficulty will change much more frequently.
June 18, 2014, 04:15:29 PM
SolarCoin volume on Bittrex has been increasing recently. §20-30k traded per day the last few days. Still less than AllCrypt, but gaining ground. Nice to see some action for our currency on a bigger exchange, and Bittrex has been growing and adding new features, etc. Maybe in a few more months it'll be just as big as MintPal and Cryptsy.
https://bittrex.com/Market/Index?MarketName=BTC-SLR
I just wish we could get some traders interested in this coin to give it more of a liquid order book. I have a feeling that nearly all the §SLR being "traded" on the exchanges is just miners dumping it straight into the hands of long-term investors who will never sell it for 2+ years.
Looking on the bright side, it's hard to imagine the price not going up when the supply of coins being mined by immediate dumpers starts to decline. Buying interest is there, eating a steady diet of dumped coins day after day.
https://bittrex.com/Market/Index?MarketName=BTC-SLR
I just wish we could get some traders interested in this coin to give it more of a liquid order book. I have a feeling that nearly all the §SLR being "traded" on the exchanges is just miners dumping it straight into the hands of long-term investors who will never sell it for 2+ years.
Looking on the bright side, it's hard to imagine the price not going up when the supply of coins being mined by immediate dumpers starts to decline. Buying interest is there, eating a steady diet of dumped coins day after day.
I think the spike on bittrex was due to allcrypt being down for maintenance for a awhile (at that time).
I don't think that's the reason. I moved some of my bids from AllCrypt to Bittrex and some of them got filled, which was a significant chunk of the volume. Other people apparently got bids filled on Bittrex too, or bought into some of the asks, which accounted for the rest of the volume spike. Now today, a bunch of coins got dumped on Bittrex and I managed to get a bid filled in the 800s, which I consider to be a great price for a long-term investment in this coin. I hope more people will put up bids on Bittrex at these awesome prices.
Hopefully that price does not become the new norm…otherwise it may be you and I buying them all. lol
You two aren't the only ones buying. I'm buying as well, maybe not as much, but I've accumulated about 200k SLR so far. I'm hoping another big player will dump their coins for 500 satoshis, because I have my buy orders placed.
Same here and I have less than you do. But not by much.
June 18, 2014, 01:48:59 PM
SolarCoin volume on Bittrex has been increasing recently. §20-30k traded per day the last few days. Still less than AllCrypt, but gaining ground. Nice to see some action for our currency on a bigger exchange, and Bittrex has been growing and adding new features, etc. Maybe in a few more months it'll be just as big as MintPal and Cryptsy.
https://bittrex.com/Market/Index?MarketName=BTC-SLR
I just wish we could get some traders interested in this coin to give it more of a liquid order book. I have a feeling that nearly all the §SLR being "traded" on the exchanges is just miners dumping it straight into the hands of long-term investors who will never sell it for 2+ years.
Looking on the bright side, it's hard to imagine the price not going up when the supply of coins being mined by immediate dumpers starts to decline. Buying interest is there, eating a steady diet of dumped coins day after day.
https://bittrex.com/Market/Index?MarketName=BTC-SLR
I just wish we could get some traders interested in this coin to give it more of a liquid order book. I have a feeling that nearly all the §SLR being "traded" on the exchanges is just miners dumping it straight into the hands of long-term investors who will never sell it for 2+ years.
Looking on the bright side, it's hard to imagine the price not going up when the supply of coins being mined by immediate dumpers starts to decline. Buying interest is there, eating a steady diet of dumped coins day after day.
I think the spike on bittrex was due to allcrypt being down for maintenance for a awhile (at that time).
I don't think that's the reason. I moved some of my bids from AllCrypt to Bittrex and some of them got filled, which was a significant chunk of the volume. Other people apparently got bids filled on Bittrex too, or bought into some of the asks, which accounted for the rest of the volume spike. Now today, a bunch of coins got dumped on Bittrex and I managed to get a bid filled in the 800s, which I consider to be a great price for a long-term investment in this coin. I hope more people will put up bids on Bittrex at these awesome prices.
Hopefully that price does not become the new norm…otherwise it may be you and I buying them all. lol
You two aren't the only ones buying. I'm buying as well, maybe not as much, but I've accumulated about 200k SLR so far. I'm hoping another big player will dump their coins for 500 satoshis, because I have my buy orders placed.
June 18, 2014, 10:16:07 AM
Climbing higher...
Est. Next Difficulty
21.84350424 (Change in 1037 Blocks)
Est. Next Difficulty
21.84350424 (Change in 1037 Blocks)
June 18, 2014, 10:14:24 AM
Climbing...
Est. Next Difficulty
19.00705264 (Change in 1046 Blocks)
Have we been hit by a multipool?
Est. Next Difficulty
19.00705264 (Change in 1046 Blocks)
Have we been hit by a multipool?
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