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Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 72. (Read 138370 times)

full member
Activity: 252
Merit: 100
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
  Yes everyone is holding cause this coin will be huge the next btc Smiley also I wonder how many coins are left to mine

I just started another solar mining pool. 

We are up over 80 MHs already.

Come join us

www.RoseMining.com

Mining here. Everything works great.
full member
Activity: 252
Merit: 100
Very interesting idea, I will definitely mine some and follow progress.
hero member
Activity: 574
Merit: 500
I already sent 0.04 btc to CryptoALTeX's if anyone wants to help out send btc there and lets get it listed Smiley

Thanks for the donation!.... one thing, we had a bug that double paid 2 of those deposits into votes, we're going to correct it back to the correct value so please don't be alarmed when you see the number go back down.  You can always check the block chain to see the correct amount of paid votes.  We're correcting it now, there have only been 20 votes outside of the donations on solar.

Correcting it out now, let me know if you have any issues Smiley
sr. member
Activity: 440
Merit: 250
This is a great coin.  need to get it listed on cryptsy. send tweets to bigvern and post in the helpdesk until listed on the votelist.  Then it wont be long after that Cheesy.  Really great idea though.
sr. member
Activity: 252
Merit: 250
I already sent 0.04 btc to CryptoALTeX's if anyone wants to help out send btc there and lets get it listed Smiley
hero member
Activity: 826
Merit: 501
in defi we trust
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
 Yes everyone is holding cause this coin will be huge the next btc Smiley also I wonder how many coins are left to mine

Of course , and just like the other coins that.... upsie .. failed to do that.
You talk like that about a coin you don't have clue about?
newbie
Activity: 16
Merit: 0
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
  Yes everyone is holding cause this coin will be huge the next btc Smiley also I wonder how many coins are left to mine

I just started another solar mining pool. 

We are up over 80 MHs already.

Come join us

www.RoseMining.com
member
Activity: 119
Merit: 10
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
 Yes everyone is holding cause this coin will be huge the next btc Smiley also I wonder how many coins are left to mine
105 Million SolarCoins (0.1%) to be publicly mined over the next 40 years.
now @ block (not in a position to look right now but based on previous getmininginfo couple post earlier) approx 100000
so 100.000 x 100 = 10.000.000
105.000.000 - 10.000.000 = 95.000.000 still left to mine (in the next 40 years)

Actually... the mining of coins will be effectively complete over the next 5-7 years. See the FAQ page here, look under "What is the SolarCoin mining rate" and check out the chart. http://solarcoin.org/faq-frequently-asked-questions/

Here is the text under that question:

Quote
Every minute a SolarCoin block is mined and visible in the BlockChain. The current reward as of 2014 is 100 SLR. The reward declines 50% each year. This rapid reward decay is designed to maximize initial equitable issuance and network stability while minimizing ongoing carbon footprint relative to other longer decay currencies. A full explanation of the carbon footprint model is available in the SolarCoin Wiki.

hero member
Activity: 574
Merit: 500
SolarCoin has been added to CryptoALTeX's "Get Listed" program, details of the program below.  (This was added due to a request to add the coin to our exchange)

https://www.cryptoaltex.com/index.php?page=newcoin

Please see program description copied from website below.

Want your favorite coin listed on CryptoALTeX?
Donate .001BTC to your coins address below and you will be giving your coin a "Chance" at being listed. The coin with the most chances after 3 days will automatically be listed on our site. The remaining coins that have a minimum of 50 chances will have their chances entered into a random selection which we will live stream and record. The coin that wins, will be listed. All unselected chances will roll over to the next drawing.

CryptoALTeX reserves the right to list any coin at anytime regardless of the drawing. Any coin listed for trading on CryptoALTeX that is already part of the drawing will have its chances removed from the drawing. In the event CryptoALTeX decides to list the top two coins of the week, the other coins will still have a random drawing.

Want your coin added? Please enter a ticket at https://cryptoaltex.freshdesk.com with some information about your coin and we will generate a deposit address and place your coin into the contest!

Next drawing: Wednesday at 8PM UTC

Thanks all and feedback is always welcome,

Chiznitz
sr. member
Activity: 252
Merit: 250
Kool thanks for the info  braxx
sr. member
Activity: 392
Merit: 250
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
 Yes everyone is holding cause this coin will be huge the next btc Smiley also I wonder how many coins are left to mine
105 Million SolarCoins (0.1%) to be publicly mined over the next 40 years.
now @ block (not in a position to look right now but based on previous getmininginfo couple post earlier) approx 100000
so 100.000 x 100 = 10.000.000
105.000.000 - 10.000.000 = 95.000.000 still left to mine (in the next 40 years)
sr. member
Activity: 252
Merit: 250
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
  Yes everyone is holding cause this coin will be huge the next btc Smiley also I wonder how many coins are left to mine
full member
Activity: 126
Merit: 100
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.

But there is no incentive to switch to a smaller pool where the payoff takes a lot longer. If one of the other pools could have a block finder's bonus or some other bonuses, then maybe it'd be worth switching.

The nice thing about mining this coin is that the majority of the other miners are all holding their coins rather than dumping. If any of the current altcoins take off, this one has the most promise!
sr. member
Activity: 542
Merit: 250
Question. Am I correct in understanding that CryptoPoolMining effectively has over 90% of the network hashrate for this coin? Isn't this a BAD thing? I'm familiar with the possibility of a 51% attack with BTC and other crypto's which has prompted me to ask. I really like this coin, but having all that power in one place really seems like a bad idea.
member
Activity: 83
Merit: 10
Network now over 500MHs and price on exchange rising  Smiley


11:40:17
{
"blocks" : 99559,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 5.44860222,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 538070166,
"pooledtx" : 2,
"testnet" : false
}

member
Activity: 119
Merit: 10
Ha! I just read another of Nick's articles (he linked it in the crypto forums) and it seems he is already thinking along these lines. I can't believe I missed that article all this time. I strongly urge you all to read it. It's here: http://www.gogerty.com/blogpersonal/ethereum-bitcoin-protocols-for-9-3-trillion-in-value/

It's not specific to SolarCoin, though Nick does mention it. But it's not hard to see the connection if viewed from the SolarCoin perspective. Great read! I'm so excited to be part of this.  Cheesy
full member
Activity: 182
Merit: 100
Oh! One last one! The "Open Currency Association" would then be the first decentralized autonomous corporation!

God I hope I'm right and not completely insane because that would be really, frickin' awesome.  Kiss

However, cautionary note, I am cursed when it come to making predictions so perhaps it's best if you all just ignore me.  Cheesy

Maybe you are and maybe we should, but think about the idea of cryptocurrency.... people from all classes, from all over the world are coming together and the numbers are growing daily, minds are excepting ( ive never spoken to so many people from so many places), to work on building a decentralized world currency. Whether the goal is unity, anti gov, personal gain, expanding tech skills.... has there ever been a time in history that wasnt war or tragedy that has brought so many people together.... so again maybe you are and maybe we should ...as the late Hunter S Thompson wrote in Fear & Loathing in Las Vegas.."Buy the ticket, take the ride"... thats just my thoughts
member
Activity: 119
Merit: 10
Oh! One last one! The "Open Currency Association" would then be the first decentralized autonomous corporation!

God I hope I'm right and not completely insane because that would be really, frickin' awesome.  Kiss

However, cautionary note, I am cursed when it come to making predictions so perhaps it's best if you all just ignore me.  Cheesy
member
Activity: 119
Merit: 10
Such a structure would also get around the security issues and the risk of losing coins, I think. If some of the pre-mined coins were held in reserve to cover future losses, a person who claims to have lost their coins could actually have them replaced and the lost ones removed altogether because the ethereum side could confirm that the guy who says he lost them is indeed the guy who was issued them and the SLR transactions side can easily confirm the correct amount that is lost. Then based on the contract rules in place for the reserve coins on ethereum, the lost coins could be taken from there to replace the ones destroyed with no double-counting taking place. Does that make any sense?

It also resolves anonymity too doesn't it? If you want to "earn" your coins from the Generation reserve then you must produce solar energy and you must provide name and proof of generation. If that part is done solely on ethereum and then ethereum approves release of the coin to your wallet, once the coins get there it's part of the bitcoin protocol and it's just cash then and your SLR address has no connection to you as a person because that information is stored separately. Does that make any sense???

I do apologize if I am babbling incoherently, there's just a million ideas zooming through my little brain right now.  Grin
member
Activity: 119
Merit: 10
So I saw Nick mention Ethereum in passing in another forum https://cryptocointalk.com/topic/3079-solarcoin-slr-information/page-17. Having never really delved into that one in any depth, I decided to go take a peek and see what all the fuss is about. And now I’m speechless.  Shocked

Picture this: What if the “currency” portion of SolarCoin were governed by the bitcoin protocol and the “proof of generation” portion of SolarCoin were governed by the Ethereum protocol? Seems to me that could totally work, right? Yin meet Yang!

It makes perfect sense to me. If that were to happen, we could easily have the winning formula to save the planet, both ecologically and economically! Transformational indeed.

Just think about the implications of that for a few moments and then tell me how long it takes before you’re able to speak…
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