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Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 20. (Read 466809 times)

hero member
Activity: 546
Merit: 500
As an old supporter and investor of SLR, I'm very glad to see SLR rising above 2.5$ level.
Impressive!  Grin
legendary
Activity: 1736
Merit: 1001
legendary
Activity: 1185
Merit: 1021
yeah this is quite big, it might increase in value soon. I am lucky to have bought quite a bit lately.
newbie
Activity: 113
Merit: 0
Big news. ACWA Power becomes first utility-scale generator to adopt SolarCoin.

http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

Good news.  This is exactly what we want to see at this stage is the acceptance cycle.   This will start getting those coins held in trust working. 

T


Wow, huge news for solarcoin!
member
Activity: 74
Merit: 10
Big news. ACWA Power becomes first utility-scale generator to adopt SolarCoin.

http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

Good news.  This is exactly what we want to see at this stage is the acceptance cycle.   This will start getting those coins held in trust working. 

T
member
Activity: 71
Merit: 10
hero member
Activity: 546
Merit: 500
Hey guys,

I’ve been holding SolarCoin for over a year now, and have been reading along here for a couple of months so not entirely new. It is my first post though  Smiley I’ve been reading about staking, and if I’m correct it means using the SolarCoin wallet, and leaving it on and open to ‘help’ the network. I am thinking about starting to stake as well, to contribute to the network bc I’m not planning on selling the slr anytime soon. At the moment, my coins are in Lykke. I have two questions:
1) Does anybody know if I can just withdraw my coins from Lykke into a SolarCoin wallet? Because they use the Colored Coins protocol..
2) For staking, I don’t have a desktop I can leave on all day but only a laptop. I read about setting up a Raspberry Pi but I’m not a hero on the technical part.. Could someone give me directions where to start looking?

Thanks a lot!

If you joint the slack, there is a thread specifically for Lykke and you'll get your question(s) answered a lot quicker:
https://solarcoin.org/en/solarcoin-forum 
brand new
Activity: 0
Merit: 0
Hey guys! I'm the new one ;-)

To keep it short: Invested in SolarCoin because I think it's a good thing to do and potentially getting much bigger in the future. So I'd like to join solarcoin on slack, but have no idea how to get there? Where do I get an invite from? Smiley

https://solarcoin-group.slack.com/  Smiley

Thanks, but already got that from the previous posts. But how to join without an account? When trying with the email address I'm using here for example, I get an error message telling me to ask the workspace administrator for an account. No idea who that should be Wink

go to https://solarcoin.org/en/solarcoin-forum  there is a a invite form on the right  Smiley
newbie
Activity: 1
Merit: 0
Hey guys,

I’ve been holding SolarCoin for over a year now, and have been reading along here for a couple of months so not entirely new. It is my first post though  Smiley I’ve been reading about staking, and if I’m correct it means using the SolarCoin wallet, and leaving it on and open to ‘help’ the network. I am thinking about starting to stake as well, to contribute to the network bc I’m not planning on selling the slr anytime soon. At the moment, my coins are in Lykke. I have two questions:
1) Does anybody know if I can just withdraw my coins from Lykke into a SolarCoin wallet? Because they use the Colored Coins protocol..
2) For staking, I don’t have a desktop I can leave on all day but only a laptop. I read about setting up a Raspberry Pi but I’m not a hero on the technical part.. Could someone give me directions where to start looking?

Thanks a lot!
hero member
Activity: 546
Merit: 500
Wow, The Sun is rising again! It's getting hot and hot.
Soon we may see another all time high in very near future.  Grin
brand new
Activity: 0
Merit: 0
Hey guys! I'm the new one ;-)

To keep it short: Invested in SolarCoin because I think it's a good thing to do and potentially getting much bigger in the future. So I'd like to join solarcoin on slack, but have no idea how to get there? Where do I get an invite from? Smiley

https://solarcoin-group.slack.com/  Smiley
hero member
Activity: 546
Merit: 500
I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?

The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.

Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?

What do you think? Of course this does not help maintaining the network.

I just don't understand how the code works. I'm unsure if it is the process of "staking" that is what supports the network or if it is merely an open wallet that supports the network. This seems unclear.

There are two components to the mining process whether it's proof of work, or proof of stake. One is the hardware required to calculate a block, and the other is communication with the blockchain. Bitcoin for example uses a lot of hardware to calculate the proof of work, but the work must still be written to the blockchain. You can run a main node on the Bitcoin network without doing any of the proof of work, though all you're doing is storing transactions, and broadcasting that info to the network. Solarcoin works in much the same way, though all the calculations for generating a block are done through a software algo. You can still run a "main node" on the network to support the blockchain, though you won't generate any interest with an empty wallet. So yes it does support the network, but not nearly as much as you would even if you had a tiny amount of solarcoin in that wallet.


"In order to maximize the probability of earning all matured interest and signing a block during a period of time, a node must stake actively to ensure passage through the Stake-Time window for all coins held. When network strength is lower, the fraction of age deemed idle-time increases. This results in inactive stakers being penalized, with some loss of matured interest, and decreased probability to stake. By decreasing the likelihood to stake, the inactive staker is susceptible to accumulating age at a faster rate than those actively staking. To regain optimal probability of earning all matured interest, this staker must resume active staking to make up lost time. Conversely, individuals who are staking with little to no idle-time earn their full matured interest reward even in a weaker network state, when acceptable age is low and interest rate is high due to the PoST targeted inflation rate [figure 3]. As a workaround, accumulated idle-time could be reset by sending coins to another wallet, but this comes at a cost: fees are paid to those who are actively staking, and all matured interest due is lost. In summation, the behavior that is by far the most profitable is to stake as actively as possible. This further incentivizes a stable, well-supported network."

Full explanation is found here:
https://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf
(Solarcoin PoS is based on the VeriCoin PoS programming)

From what I gather from this whitepaper:
1) interest rate is variable between about 1.8% and 2.6%, with a target goal of about 2%
2) interest rate is slightly higher when there is a higher percentage of wallets that are staking
3) network stability increases the more wallets are staking
4) it is more profitable to continuously stake (as opposed to staking intermittently)
5) fewer coins held means longer time to stake
newbie
Activity: 3
Merit: 0
nice, thanks! thought, it's something you guys here set-up. well... still the new one here Cheesy
newbie
Activity: 3
Merit: 0
Hey guys! I'm the new one ;-)

To keep it short: Invested in SolarCoin because I think it's a good thing to do and potentially getting much bigger in the future. So I'd like to join solarcoin on slack, but have no idea how to get there? Where do I get an invite from? Smiley

https://solarcoin-group.slack.com/  Smiley

Thanks, but already got that from the previous posts. But how to join without an account? When trying with the email address I'm using here for example, I get an error message telling me to ask the workspace administrator for an account. No idea who that should be Wink
newbie
Activity: 3
Merit: 0
Hey guys! I'm the new one ;-)

To keep it short: Invested in SolarCoin because I think it's a good thing to do and potentially getting much bigger in the future. So I'd like to join solarcoin on slack, but have no idea how to get there? Where do I get an invite from? Smiley
newbie
Activity: 42
Merit: 0
Is there some big announcement? Can't wait to find out.

Just stumbled on this project. An it seems interesting.

Will it be on bestrate.org?
How can I join in?
What are your plans?
What has been done so far?

Thanks in advance!
member
Activity: 74
Merit: 10
Volume is increasing drastically...something BIG can expected...

The number of wallets staking has jumped by > 40% also....

T
newbie
Activity: 28
Merit: 0
Volume is increasing drastically...something BIG can expected...
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