Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 49. (Read 138368 times)

http://sfglobe.com/?id=832&src=share_fb_new_832

Yeah, I suspect that the price will depend a lot more on investment by non-crypto people and hopefully adoption by major solar energy businesses (e.g. SolarCity), and won't be influenced as much by the mining rewards. SolarCoin is a very unusual altcoin and is pursuing a strategy of staying under the radar among the crypto community while working behind the scenes to build a long-term infrastructure that will be attractive in the real economy. Hopefully this strategy will work... I think it has a good chance.

As a miner, I sure wish it was x11….be nice to mine without the ASIC interference and with much less hydro and heat :-)

The block payout is supposed to cut in half about a year after release (so January 2015). And while the theory is that the price should increase, what is just as likely to happen (if you have followed other coins, like Mintcoin), is that instead of the price increasing, the total network hash is cut in half.

But since Solarcoin is different than other coins (being that the marketing is stronger to the realm of people outside the mining world), it may not act like other coins as the difficulty is halved. I guess we will see.

Mining isn't the only way to get Solarcoins 

solarcoin
energycoin
brother coins?

I'm waiting for that!
Any suggestion when block half cut?
-Solarcoin price have to double/triple immediately?
-Mass miners left and solarcoin will die?

Nowadays with 1 mah/s and currently difficulty at 8, withdrawl is about 180 per day. Then will be 90 per day, resulting solarcoin as "rare crypto" if price will triple. If price remain the same, 99% miners go away and let it die. 

We will see.

Thanks! Great interview this thing could be huge.

Thx :-)

From main.cpp:
nSubsidy >>= (nHeight / 525600);

The block reward will be cut in half on block 525'600.

The specs page indicates it's at a specific block. That's not calendar/year based? I believe the actual block stated is 525,600…or so it says on the specifications page? Should clarify if the code is calendar or block based halving?  

I think the key is to look at (watch) the mining curve.  I looked at the past 4 months, and surprisingly, it has slowed down this month…surprising as well, is the fairly steadiness of the 1st 4 months.  Here's what the block chain is indicating:

Apr 21 - May 21 = 36023 blocks
Mar 21 - Apr 21 = 42057 blocks
Feb  21 - Mar 21 = 42500 blocks
Jan 21 - Feb 21 = 40556 blocks

I believe your theory is correct.  The high difficulty periods, as a result of the "hash pouncers" riding the low difficulty time period and leaving the following days in a state of high difficulty, resulting in the regular miners moving to more profitable coins, thus decreasing overall mining.  Albeit, I have been taking my mining earnings elsewhere and buying solarcoins at a cheaper rate than mining them.

The big question is, as the ASICs come onboard, will more hash come during the pounce periods?  If so, then the mined blocks should go back up, and maybe even higher. I think that's the line to watch closely, as solarcoin just had it's first monthly hash rate decline, and more ASICs are going to be hitting the market.

The pouncers will pounce where it's profitable. How much ASIC coin production will be profitable?  If there's continuous buying of solarcoins, there should be growth in hash rates, as ASIC owners will be scrambling to find profit in coins. If there's not a demand (buying power) to match the supply, then the ASIC owners may leave solarcoin, returning it to the faithful miners. Either way, do you think the hash rate (block production rate) will decline further? There's going to be a flood of scrypt hashing power in the next 1-3 months, especially when KNC's Titan miners hit the streets, all of it looking for anything profitable…and that means the highest rate of return. Solarcoin value may go down, but continue to be a target, as other coins may go down more, still making solarcoin one of the more profitable coins?

Need to know when the block reward will be cut in half…calendar or block 525,600?  If solarcoin block rates climb to 50k-60k+/month with ASICs, and it's block based, we'll be there well before the end of the year.

It's hard to predict what the huge hashing power increase that will take place over the coming months will have on scrypt based coins, without knowing what/how coins will trend.  As well, without knowing what coins may also be thinking about implementing change?

As for PoS, would need to know how that would affect us loyal miners investing our miners and $ over the past few months to produce and accumulate coins?

Nick's interview on Bitcoins & Gravy. Enjoy!

http://www.bitcoinsandgravy.com/episode17/

Even better

Right, All though this post made me stop for a sec and say well I wonder how far past schedule we are. So some quick math had me surprised. 

Our genesis block (First block ever) was born in November (2013-11-15) http://184.73.159.72/b/133RV1nfUu

Then came premine blocks blocks 1-128 (2013-12-21)

Real Mining (consistent)             started at block 129 at (2014-01-04 22:42:52)

So Time now (2014-05-27 08:00:56) - (2014-01-04 22:42:52) = mining period (205,038 minutes)

So "Target" 1 min block time and minus the 128 first block

We should at Time Now be at block 204910

Real block Time Now 190786

We are 14124 blocks behind or 9.80833333333333 days behind

SO we as of the moment and mining slower!!!

This can only be because of the High diff left for small hash to mined 1 days worth of blocks (1440) over many days

It gets cut in half every year.  if hashrate goes up 1000 percent so will difficulty to slow the coin down.

I have 1500 KH/s, I feel smaller.

I have about 10 MH/s in GPU gear, and have mined solarcoin for over 2 months now…it doesn't take long to feel small in Crypto world :-)

We have to remember that we're almost 50% of the way before the block reward is cut in half. With more ASICS coming out, how long do we think the that will be?  Maybe 3 months?  Then, after the following 25 million, it'll be cut in half again. And, when will that be, maybe 3 months after?  Maybe it'll be 3 or 4 months in total, if more of the newer ASICS come out. I think this is one of those coins where early miners (now) are reaping the rewards. I don't think it'll take the rest of the year to get to the 50% mark. Do we have any stats of daily or weekly coin production? Those are the numbers we should be keeping an eye on. 

This past low difficulty period pounce saw the peak net hash rate hit about 4500 MH/s.  If the ASICs start flowing more over the next couple of months, that peak number will get higher, and there will be a little more coins hitting the market between the high and low difficulty periods. Personally, I think it works as a buffer, where the heavy miners will mine for a period of low difficulty, then sell their coins, then we buy over the high difficulty period when mining subsides, then repeat. At the 50 million mark, the coin production rate will drop in half.  It could due the perfect storm for solarcoin miners and consumers, and it may just work out ok?

I believe there's a pretty significant number of believers in solarcoin, that will continue to mine and buy what's being put out. Almost 20 million of the 100 million total mined coins have been already consumed, and no real end of consuming power in sight. If the solarcoin word/interests spreads, and we continue to consume, there will be few people selling, which should increase the demand/price nicely. This is the main coin that I am buying, mining, and holding :-)

Well awesome.
Iam sure they will appreciate the help. 

Sunuser bravo!