Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 292. (Read 466799 times)

There is allot of smart people that are very involved in this coin.

I bet its also the only coin that one of its creators worked on a hedge fund.

Honestly I think the group should reach out as far as Google and Elon Musk!  In all seriousness...

solarcoin, its very pretty name for coin... so fanny

So is there any progress or work on getting this coin to solar companies? I guess who's in charge, is there team of people working actively on this coin, or is it passive?

New to this coin, and invested some, but would like to see if there is a roadmap, or plans that are active, and updated often in place?

I downloaded a Blackcoin wallet last night and bought a few to get a feel for how it all works. I do think it's the case that the wallet has to be open in order to "stake". I've read alot about it but I need to see it in practice to get my lightbulb moment I think. 

That's one of my questions too (among others  ). I assume this is something on the list for testing and if there is a specific set of steps we have to take, that will be communicated in advance. Josh has been pretty consistent with popping into this thread so my guess is he (or Eric) will gradually communicate some of these techy answers to us as the development progresses.

I could be totally wrong, but my understanding of PoS was that coins are mined automatically on the network, then transferred to your wallet address at regular intervals. This should occur whether or not your wallet is actually running on your computer. Does this sound correct?

Hi Guys,

So i have a question... When we move to POS is approx 30 days, how do I remove the encryption from my wallet as to mine new coins?
From what I understand, it is not possible to mine coins when the wallet is encrypted.

Thanks

good news

More comprehensive list here:

http://wiki.solarcoin.org/index.php?title=International_Press_coverage_of_SolarCoin

hehe great line. 

+8 

Here is a link to some older published articles on Solarcoin:

https://bitcointalksearch.org/topic/annslr-solarcoin-faucet-475172

I was mining early on, have been following things for the last few months, and am really excited about the recent developments with solarcoin.

For one thing, it’s very impressive that the fork went so well. After that, it’s easy to be confident the switch to POS in a month will go well, too.

And I really like the solarcoin strategy of reducing the block reward size gradually before the switch. No dramatic, sudden change to POS. Everyone has a month to see what’s going on and mine the coins they want.

I can’t wait to see how the exchange price responds to the block reductions and then POS. Someone mentioned it earlier in this thread, and I certainly agree that it’s wise to only invest money in crypto that you could afford for the investment not to go well with.

That said, I can absolutely see this coin being worth orders of magnitude more than it is now. There are so many garbage alt coins out there, but this is not one of them. This coin has a real purpose, a real plan, and a real team behind it. And finally, looking at how the price has risen of late, it seems more and more people are starting to notice.

Exciting times for SLR!

There's a solar industry professional, David Khasidy, who is advising the SolarCoin project on outreach to large solar companies. We haven't done a lot of this yet because the price of the coin has been too low to get big companies interested. But as the price continues to rise, they should start to become more interested.

Thank you, makes more sense. But guess question now is how do you get solar companies to participate into this? Is there a plan in place to do so, or someone taking the lead marketing this coin to companies that will benifit from this? So if they produce solar energy and coins value is high, it's like making double the income? Coins value, but resale of energy costs for solar providers?

Here, I'll do my best. Basically the long-term vision and goal of SolarCoin is for solar panels to be like money-printing machines. If you generate clean renewable solar electricity, which benefits the environment and has economic value, you will receive a reward, like a subsidy, for doing so. When the technology is developed, the reward will be automatically granted to the owner of each solar panel based on data transmitted from the solar panel into the blockchain about how much energy it's generating. Until that happens, the grants are being made manually based on how much energy each panel is expected and certified to create (nameplate capacity).

The $20 target value for SolarCoin is based on the value of 1 megawatt-hour of solar electricity. Since 1 SLR is granted for every 1 MWh generated, in theory the price will tend to rise to the point of value of that unit. Think of it as that SLR is pegged to the value of solar electricity, like how some currencies in the past have been pegged to the value of gold. This value won't be realized though until millions of solar electricity generators are participating in the SolarCoin program. Until then, the price will tend to go up gradually from where it is now, as more people get involved in the SLR monetary system, invest in it, use the currency, etc.

I hope that brief explanation is helpful.  

Totally agree.  KGW is doing a much better balancing job on the difficulty and making it a leveler (is that a real word?) playing field for miners. 

The price dip is inevitable and when you drill into the volumes it is just rats and mice cleaning cupboards....

The sinking rewards will drop the hash rate over the next month...  Then we shall see ....

 

Nothing goes straight up, so the correction we're seeing today is probably healthy. Plenty of coins passing from the hands of short-term profit takers into the hands of longer-term investors and new entrants who will be looking for significantly higher prices before they sell.

Also worth noting that block times were running so slow for a few weeks leading up to the fork that it was functionally the equivalent of a 50 per minute reward. Now that we have KGW implemented, blocks are running approximately every minute as expected, so temporarily there's actually an uptick in coins created through mining even though we just implemented a block reward reduction. But as the reward falls, in a couple weeks the inflation rate will be lower than it was pre-fork. And then a couple weeks after that, things will get VERY interesting.

Edit: Even though more coins are temporarily being created, they are being distributed more fairly to average miners because of KGW rather than the people who were gaming the system. So this is healthy for the market and the coin in the longer term.