Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 8. (Read 138368 times)

Thank you. Sorry for the delay. We should have everything ready this weekend.

Solarcoin Mining Pool Hub
http://solarcoin.miningpoolhub.com


We will update solarcoin pool.

But would you please upload the new sourcecode to github and release the new qt wallet?
It is crucial to prepare forking for pools, users, and exchange sites

Single digit difficulty mining right now! 

So what pool is this hash power coming on and off off? Or is it a solo miner?

someone believes in $1 pluss  

Aha, I wonder who that is. Perhaps they could share with us the rationale behind such a strategy??? 

Freebird Thanks again!

He won't be doing that in a week, haha.

Interesting tactic being user on SLR at the moment.  Someone is obviously tracking diff values and as it drops, hits the network with 100M or so and mines all the lower diff out in a couple of minutes, then as the diff jumps in response he gets out, leaving a reduced pool with an inflated diff.  Nice

Rinse and repeat......

Update on fork at block 300,000:

CryptoPoolMining, our largest pool, has confirmed that they will switch to the new version of the code when it's released.  

I will post another update when I hear back from Mining Pool Hub, which is our second largest pool.

No, we didn't hold a teleconference Board meeting this month. We've been making decisions by email among the Board since the July meeting.

The three things we decided to focus on for now are:
1. implementing the block reward reduction -- will occur next week.
2. implementing the new generator claims process based on 15% nameplate capacity -- basically done and will be announced very soon.
3. implementing the switch to PoS -- we'll be working hard on this in September.

After those things are done, we should be able to get back to a more normal routine of holding meetings.

Hey freebird was the solarcoin minutes for august ever posted?

Makes sense thanks again freebird.

We're going to do it at 300k because we need to make sure everyone knows about it and has time to prepare. 300k is coming in about a week from now. That's not long. Besides, the new code is already being tested as we speak.

This is really going to happen! Very soon. Block 300,000. Next week.

Anyway we could start the block reduction as soon as the scrypt is ready asap. Instead of waiting for 300k

faster we do it less coins.

Yes you did, and I did check, wasn't in there. I could try again with a gmail account. Or yahoo, I have one those those also. If you decide to open the pool again, toss the details out and I'll throw my little 5 MH/s at it.

Just to let everyone know, our intention is to do fork #1 to begin the block reward reduction at block 300,000. This block is expected to be reached sometime early next week. I have received confirmation from the developer that this is the plan. I still need to make sure the pools are okay with this, and I'll post another update as soon as I find out what they say.

Hi, thanks for your interest in SolarCoin. Our currency is issued as grants to solar electricity generators at a rate of 1 SLR per Megawatt-hour. The purpose is to encourage more people and businesses to switch to solar power by providing a financial incentive. We have enough SLR held in reserve to provide these grants for the next 40 years, according to the expected rate of growth of solar energy production around the world. We're planning to put the reserve currency under contract as an automated granting system using Ethereum, Black Halo, or some similar blockchain-based technology.

You picked a great time to buy, if you do decide to invest. We've been issuing SLR via mining, as a proof-of-work cryptocurrency, since January. About 30 million SLR have been created this way, with steady trading on exchanges. But the mining phase is about to end and we're going to switch to proof-of-stake with a 1% annual inflation rate as interest for staking your wallet. Currently, about 1,000,000 SLR are created per week via the mining system. After we switch to PoS, less than 6,000 SLR are expected to be created per week via minting in PoS wallets.

We plan to switch from PoW to PoS in about a month from now. In preparation for that, we will be gradually reducing the PoW block reward over the next few weeks. SolarCoins are soon to become very scarce, unless you are eligible to claim them by generating solar energy. This is the intention: to make SolarCoin a meaningful subsidy program to encourage more people to go solar, which will reduce fossil fuel emissions and help the environment. There is a large target audience and industry for this currency, so we expect interest and support, investors, claimants, users and holders to grow and grow over time.

Please feel free to ask any other questions you may have. 

just saw this coin....how does the solar power thing pay in solarcoins?

Might buy into this if I like the details. 

You are welcome 

As you know I am not a professional pool owner and just trying to help Solarcoin community. I learned how to setup a MPOS pool and Stratum server by reading and trying. If existing pools refuses to switch, I will do my best to help