Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 44. (Read 138368 times)

Somebody tell me if I am out of my mind or not :-)

I mentioned before about the possibility of getting the big PV companies to donate to the solarcoin initiative, and I fully believe that if we came up with an idea that would create value for solarcoin, that their investment would be given back to them 10 fold.  It would be nothing for the big boys to donate 1 million (plus?) annually…they have revenue in the billions and profits in the hundreds of millions.  It could potentially be an expense on the balance sheet too.

Let's, for the sake of argument, say they (combined) throw $5 million a year towards solarcoin (to start). Now let's say there's approx. 50 million solarcoins in distribution (by end of 2014, or just after?). That would provide $0.10 per solarcoin value to solarcoin holders (if everyone went through the claim process). The challenge then becomes, how do we get that $ back to real investors (solarcoin holders).  Then, I thought of the registry…or whatever the Foundation are calling the repository that exists for solarcoin claims (from solar energy production).

Solarcoin has something that other crypto currencies does not - a registry of Users/producers.  So then I thought, why not take it another level, and offer tracking of solarcoin holders, for the purpose of receiving the $ donated by the big manufacturers?  It's the exact opposite of some of the crazy stuff going on with other crypto coins (that push anonymity), where by some form of claim takes place based on the total solarcoins held by registered owners.  The blockchain can provide proof of ownership, by solarcoin wallet identifier, and $ could be actually delivered on a per coin basis. It might only be a slight expansion of the current claims repository, with a couple more fields,  to include a registration process for those with solarcoin wallets, with real addresses (to send the cheques). The confirmation may be performed in a similar fashion that paypal does when you register a bank account, where they deposit a small amount to confirm the access/identity of the User.  Each solarcoin registrant could be told to send a very small, but specific, amount of solarcoin, to confirm they are who they say they are (who owns the solarcoin wallet).  Again, blockchain could confirm the numbers.

To increase value, an annual per coin amount could be provided, based on how long the current solarcoin holder has held the coin, at the end of the year…like maybe a penny per coin for each month the current wallet owner has held their coins.  This concept would significantly raise the value of solarcoins, as the supply would be so small, with most people holding on to their coins for the annual return, and the demand would drive the price up way beyond the $0.10 annual per coin return.  It could bring on the multi-dollar value very quickly; thus making it a very good incentive for investors to produce solar energy; thus providing a bigger incentive for PV manufacturers and others (service companies, etc.) to donate more $ to the cause.  It could be a huge benefit, for a relatively small investment?

Let me know what you guys think of this idea….or if I am completely nuts!  lol

Change to DigiShield is already being tested by our dev team as we speak.

As for PoS, it's next up for study. From the minutes of last week's Board meeting:

proof of stake. wallets do the work so you don't need gpu's to generate blocks, though you can still use them.

What exactly is POS and how would that help with the diff problem?

We need to switch over to Proof Of Stake asap.

Dont even waste time on other fixes kgw etc.

Please help lower my electric bill    with POS.

I've been wondering about the SLR network myself. I've never had a problem connecting my wallet to the server, but now it won't hold a connection. Is there a problem with the server? maybe something to do with changing the algo?

Nice pump on poloniex!

team work carefully and earnestly,this coin is certainly a period of time I have to keep it!
Very good！

I'm with you, I definitely like AllCrypt better. The website is much easier to navigate and for some reason deposits are much quicker. But in reality I buy solarcoins from either exchange depending on which one is cheaper.

A+ Thank you!

The minutes from the Board Meeting last week have been posted to the wiki: http://wiki.solarcoin.org/index.php?title=SolarCoin_Foundation_Board_Meeting_Minutes:_June_3,_2014

I agree 100%, and I don't have a lot of hashing power (only 1.5 MH/s) but I'm not mining SLR right now because I don't want to encourage the coin rapists. Once this issue is addressed I'll toss my tiny rig back on prominer and if the price stabilizes a bit due just to the difficulty issue being addressed I can start buying some small asic blocks.

I like AllCrypt, their team is smart and quick to address problems. I've used Bittrex also and I'm equally impressed with their site. As it should be, the market will decide where to trade, but I will tell you this, once it hits cryptsy that's where the market is going to trade, haha. People just like to use them for some reason despite their many issues which have been addressed I might add.

You know, the Bittrex total 24 hour trading volume is growing impressively fast. Today for example it's 920 BTC. Cryptsy is 1300 BTC. Allcrypt is 12 BTC... I'm slowly getting into the camp of going to Bittrex for trading since we already have the trading pair on there. (They were the second exchange to add us right after Allcrypt). They are climbing so fast, it wouldn't surprise me if that exchange surpasses Cryptsy soon.

Maybe we don't need to get on Cryptsy and MintPal? Let's just start using Bittrex more? I think I am going to do my trading there for a while, as soon as I get some money. 

Full disclosure: In our Board Meeting last week, this was an item for discussion and the Board recommends NOT promoting a particular exchange, let the market decide. You'll see that point when we release the minutes of that Board meeting. As a Board Member, I agree with that approach. My comment above is my own personal opinion as an investor.

If solarcoin gets picked up by cryptsy one day then the ask on allcrypt will be gone very fast. probably by cryptsy themself.

It is still very cool to have that much hash power.

Look like cryptopool is working i had alot of coins show up.

Well, I got §2300. I should have just bought them...   Now I have to wait for 120 confirms to get them out. That could take weeks at this rate. Sigh...  

EDIT: Correction... At 10 minutes block times, I should get them in less than 24 hours. My math skills aren't so great today. 

I decided to mine some at the Prominer pool using Nicehash.com (so that's me if anyone was curious  ). There are only about 20 minutes left to the contract. Total Hash rate of about 800 MHs seems to get 1 minute block completions, or the amount of hash power needed for an 11 difficulty. Interesting I guess. I'll just have to wait and see how many coins I get for my 0.034 bitcoins that I used to purchase the contract.