Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 226. (Read 466822 times)

here is some geographic data on the current solarcoin network.  https://chainz.cryptoid.info/slr/#!network

Here is the POST update: POST Staking on testnet is underway. Wallet appears stable and coin transactions are flowing across in good order.

I like reading both you guys posts. Very interesting. Thanks very much.

Also the solar energy payback time (the time it takes for the solar energy produced to pay back the energy used to make the solar panel)is about 1-3 years depending on technology and where you are. So typically a solar system has a 20 year lifespan, so effectively 17 years is PURE POSITIVE for the world.

Check it out:  http://c1cleantechnicacom.wpengine.netdna-cdn.com/files/2013/12/energy-payback-solar-italy.png

Add Solarcoin, and my mind blows with positivity everyday.

Cheers,
lfloorwalker

FYI:
http://bitcoinist.net/bitcoin-companies-compounding-hoarding-problem/
http://bitcoinist.net/ethereum-launches-frontier/

http://coinmine.pw
https://solarcoin.miningpoolhub.com/

Everyone should make a claim!

You know, when SLR reaches a decent value, I'm going solar power everything. My house, my car, my shoes. Nothing will be safe.

Here is an interesting story. 

Warren Buffett gets Cheapest Electricity Rate W/ Solar Farm bloom.bg/1gmhKlH via @business 

Warren Buffett’s Nevada utility has lined up what may be the cheapest electricity in the U.S., and it’s from a solar farm.
Berkshire Hathaway Inc.’s NV Energy agreed to pay 3.87 cents a kilowatt-hour for power from a 100-megawatt project that First Solar Inc. is developing, according to a filing with regulators......

 

It would be cheaper with solarcoin.  He is paying 38.70/MWh. SolarCoin would make it $38.687  A small bump for now, but hey it is real money.  100mw likely creates at least 130,000MWh/yr= §130,000k/year. which is about $1,700 as of recent price.  You wouldn't walk by that if you saw it lying on the sidewalk. Over the 30yr life of a the facility it is about $50,000. Again small in the context of the whole facility, but still real money.

Maybe they should file a claim. 

As the network of currency's users grows in number, the value created by its economic utility increases.

https://chainz.cryptoid.info/slr/#!extraction

hmm any working mining pools?

Yes, POST is the key to my ideas and fundamentals, the devs are mulling over the options, and refining them. Without the flexibility of POST none of my ideas could be possible. There are more than one way to make this work though and still have a good outcome and these options are being debated for the betterment of the coin.

You have every reason to be excited about SLR as it will turn Crypto on its head. Mark my words! Money is Power and SLR will make Power Money or the Power back to the people.

I have learned my lessons with Crypto and taken my licks at the exchanges from PnD so I know how bad Crypto needs security and trust from a coin along with stability. That is why you see my initial reaction to the coin and almost just left to never look back. I think you were one of the posters who spurred me on to create something better, so we will see what comes from it. Solar is the best investment as it is always a matter of how long it pays off rather than if it will ever. I live in the Valley of the Sun too and I am surprised by the fact that they got rid of the Tax incentives. Power company Lobbyists.

That makes total sense and honestly at this point I wonder if POST will simply transition into something else at a certain claimant/user threshold..with a different style of regulation much as the transition you described before

Perhaps once there is 'inertia' within SLR from the solar side of things (and not just cash) we will more easily justify  user/network regulation of solar involvement..much as we expect people to have gas based transportation (ect) these days

Mind blowing stuff 😮

I like the fact that you are looking forward to a large claim base and it will always be a good thing to have that type of user base no matter what.

I don't take it as an insult since I am helping you understand better what happens when a coin gets rid of Proof-Of-Work.

With POST or Proof Of Stake+Time there are better variables than just a normal Proof Of Stake. The whole point of getting rid of PoW is that it takes more energy to Hash this way and it causes competition. So a successful coin would draw more competition just like BitCoin does, and the Difficulty of Hashing becomes larger and causes more energy cost just to secure the blockchain. PoW is not a green solution. It also makes it so that a large hash pool could 51% attack the coin very easily and cheaply. With PoS or POST you would have to own a majority of the coin to even attempt an attack and it also devalues your own coin if you are successful. But that is to consider that you have 51% of the coin when in actuality you only need a larger pool of coin than what is online at any given time. This is why you would want even small wallets staking and many of them at the same time.

So the miners who own huge sums of coin from PoW due to the lack of competition or interest in SLR will now leave a question mark on the PoS aspect of security. I don't know all the inner workings but have been told large holders of coin are not ideal for PoS types of coin.

By saying that more Claimers will make better security is right but wrong at the same point. If the claimer attempts to Stake and comes up against huge wallets during POST and they get very little reward then they may just stop staking their coin for POST. Less nodes and Larger wallets decreases the security and speed of transactions or durability of the network just by the actual mathematics alone. Having large wallets means less people staking period. The more stakers the better the security and quicker the network. So to drive small claims away and allow big wallets to gain POST reward could be detrimental.

The claimers will always be granted more coin over time too so they will see Staking as not necessary and when competing in the network. Claimers will realize it is futile since much of the coin is held by non-claimers who are Staking to gain large profits. Now the thing about POST is that it could also have counter measures to this effect built in, so I may be wrong here. But large wallets will always be a factor unless POST has a mechanism built in.

So to answer your question, POST will not go away at any point. It may be changed later or Forked but will never go away unless replaced by something even better. It is integral to securing the coin.

CryptoNick,

I understand that staking would increase price/network stability & security, however is it really necessary if we had (say) 1 million claimants in the system?
Wouldn't those claimants need to use the wallet anyway and therefore the network security/involvement would increase as the number of claimants comes online?


Not trying to insult anyone, it just seems to me like eventually if we have enough claimants (really about 10k or more) it would inherently create a user base who needs the wallet and network since this is where they will exchange the coins they claim.. therefore to me POST is more of a stepping stone and less of a long-term solution.

Thanks a lot. I had seen it before but somewhat I couldn't find it in the website this time. Perhaps it needs to be a bit easier to locate?

Thanks again!

True i just wish we could lower the block start time down from 800,000 

its getting very close https://github.com/onsightit/solarcoin

Try this maybe.  

http://solarcoin.org/en/solarcoin-10-bounty-program-is-now-live/


http://solarcoin.org/en/redeem/

yes that is correct.  In filling out the claim http://solarcoin.org/en/redeem/ form, there is a question about if someone was referred.

Also some info in FAQs http://solarcoin.org/en/faq-frequently-asked-questions/

the news release about referrals is here: http://solarcoin.org/en/solarcoin-10-bounty-program-is-now-live/

This has been answered many times, but I don't remember the specifics and IT IS NOT clearly visible in the website (I haven't been able to find it there): Exactly what information of the referrer have to input the claimants so the referrer gets the 10% bounty. If I recall correctly, the bounty is only for the first year and paid every 6 months?

Thanks for the answer!

POST is the main function to Staking, staking creates security on the blockchain. Don't confuse claiming with staking, they are not the same. You may be talking about a wallet inside a device and even this would run on POST. The more claimers and users of coin the better security and better blockchain transactions granted as more wallets stake online. This is inherent in all PoS models of coins nothing spectacular here. POST is a form of POS with better variables. It also allows for other options which need to be developed.

Allowing a percentage for Staking is fair for anyone and everyone in SLR. Since non-claimers bought their coin, they can stake it and help the network and they deserve the built in acceptable costs of securing the network.

This is where the beauty and simplistic nature of my idea unfolds. If it is accepted by the devs, the moon will be the only thing to ever occasionally eclipse my concepts! You can read about the fundamentals in most of my posts...

I can get behind that. In the short to mid term POST rewards are logical. As more and more people run wallets who actually have solar panels, it becomes pointless to reward interest for doing so, especially if this technology becomes embedded.

You know these guys are brilliant. The founders of Solarcoin. What a great way to gather data on global solar irradiance and store it in a safe accessible way. This is the very data we need to free ourselves from the majority of fossil fuel use. Don't get me wrong, there's a place for oil, but if we can replace 90% of it's use using clean technology, it'll go a long way to solving our energy problems permanently.