Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!! - page 144. (Read 167661 times)

In the Brooklyn project they actually installed hardware to manage  connections between the homes participating in the smart grid. Apply this to a large scale means building an electric grid on top of the new one, it is a very different path than what the blockchain and ethereum network took. If you cannot see this by yourself than I am wasting my time. Do your bet on the project but don't pretend to understand how the electric grid infrastructure and market work because some fools could believe in your unqualified words.  I think there is a barrier here between what people in the crypto community think and how physics works.

In the Brooklyn project they actually installed hardware to manage  connections between the homes participating in the smart grid. Apply this to a large scale means building an electric grid on top of the new one, it is a very different path than what the blockchain and ethereum network took. If you cannot see this by yourself than I am wasting my time. Do your bet on the project but don't pretend to understand how the electric grid infrastructure and market work because some fools could believe in your unqualified words.  I think there is a barrier here between what people in the crypto community think and how physics works.

This is one example how can be decentralised electricity and only from small thing can grow big like BTC and ETH project did.

Just my ten cents

Is this real and true? https://hitbtc.com/exchange/SNC-to-ETH  
Why it is traded right now during ICO?

1. you want to buy SNC on exchanges with hope that price will dump? that will not happen 

2. You are payed troll from wannabe success company with ICO

3. You have too much time in your life and go play with dogecoin @ skiing

or get a life 


SNC raised 1mio$ in 2 days   show some respect! Be a man!

bla bla bla bla

I am paid TROLL

bla bla bla

This project seems to be more stupid than i initially thought. A platform. Seriously ?

No one is going to be using a platform like this for another 10 years. Token will likely not be listed on an exchange, and even if it does it will go through an instant Dump.


and




Really ?

What are you going to do ? be like we didn't raise funds so here is a 1000$ platform and we are out because we didn't hit our goal and this is all we promised for the million we raised.

No way this token will even hit an exchange.

Here is a post I made on another similar project. Decentralization on the grid will never work for the following reason. Some of the facts could be beyond the scope for the project, but most of them apply.

Do Not Risk a Penny on this

Here is why:
1. This is not a new idea. I work for a utility company and we have been investing billions in microgrid projects. This is exactly what it is. You create a local community / local grid, where people can support each others energy demands. The only exception here is that they are creating a decentralized buying/selling system.

BUT utility companies are never going to allow this, because it does not pay to maintain the traditional grid infrastructure.

There are already laws in place for exactly this reason, that people cannot sell their electricity to other people directly.

What this company, and other similar companies like trans active grid are doing is creating a token to make that sell-buy to get around that law(which states money isn't to be used).

Here is what will happen after. Governments will realize people are trying a way around and will BAN any asset trading that would lead to violating that law. All the money invested in these companies  and their platforms will collapse.

Utility companies in the near future will be launching microgrid systems.

2. Volatility in the Token Market:  The token that the company is selling again is not real money. They will be used in the platform they are launching, which means people will be buying and selling it ultimately leading to a market for that token on an exchange.

So if I am a person in a small society looking to participate in a decentralized energy production and buying platform, I would firstly have to buy these tokens, and then sell it to meet my real life demands.

But this  token will be traded on an exchange, the price will be volatile just like bitcoin and hence a normal person would simply not be interested in such a technology due to the price variation in the tokens. Because that could mean losing money by selling to the platform as theilr sole incentive was to be informed on who they are selling to, and getting slightly higher price than selling to utility companies.

 3. No Need for Decentralization on grid : Governments around the world buy electricity on smart grids at competitive prices. There is really no need for decentralization of grids except in third world countries where there are problems such as energy shortage etc. because utility companies have a monopoly and benefit by power outages.

But I predict that as smart grids evolve, companies like Tesla will take care of the buying/selling platform by offering something like Uber. But again that requires privatization of the grid.

And all the subsidies and incentives government provides are only to those selling and buying from the grid. They won't offer it for a private microgrid.

4. Smart Meters:
Utility companies have started providing free smart meters to its customers. What this company intends to do is use the blockchain for accounting of the electricity produced and used. But it will require customers to install separate meters which would cost a lot. Things will go wrong, and will need to be fixed.


5. Storage: Storage is currently a big issue for solar. Installing a solar system is expensive, but installing a storage system/batteries is even more expensive. Hence most of the houses that buy solar, usually do it as to only satisfy 60-70% of their electricity needs. A lot of those houses usually do not generate an excess. This means what this entire project is relying upon i.e community buying and selling is not going to be a big thing in a neighborhood. 

What I am trying to say is , that blockchain and grids is a great combination. But utility companies have already started doing and investing in it. In general there is no reason for one resident of an area to see the production/consumption of another, which means that there is no need for a decentralized electric grid system. People have meters in their home and all the data relevant to them is already transparent.

All these companies are doing great work, but I don't think a Token sale is the way to go because once the token is on an exchange, it will kill the motivation of the local resident to even participate in that purchase/sale.  What these companies need to do is find investors for a direct investment than creating an altcoin to just get more money, which I feel is the scammy part.

The project you are referring to is a microgrid. Do you know what micro means? It's a very small scale project between neighbours in a street. It is a local project, not an international trading platform as these people are claiming. There is huge difference. Study more before putting your money into projects.

Can someone please explain me why someone would want to buy SNC for more than twice the price on an exchange while the ICO is still running and he could buy it from the ICO as well, cheaper?  

Thank you for caring.

But I listened the same thing when the BTC was on start and Laszlo buy pizza with 10k coins.

You can read first what is new on the horizont:
https://np.reddit.com/r/Futurology/comments/6jrwyx/brooklyns_latest_craze_making_your_own_electric/

Ps : you don't need new shill account for fear, uncertainty and doubt.

Just my ten cents.

We will work with grid operators and all other established entities in energy market. We will act as a retailer but will offer direct Peer 2 Peer service on our platform where everybody would be able to offer its production.

It's trading at x2 of the ICO price, which is great!

Any news ?

There is no information on the whitepaper regarding the characteristics of the P2P platform you want to build. How you will take care of market clearing? And will you involve the Transmission System Operator in the definition of production schedule? I suppose you know that you cannot use the grid as it pleases you.

When ICO finish, when will SNC distributed & exchange available?

When ICO finish, when will SNC distributed & exchange available?

There a lot of inaccuracy in your answer too, sir.
First of all you say:
"you are missing the benefits which a blockchain energy pool would present. Lower costs, better efficiency "

Do you have any proof of what you are claiming?

"there would certainly be nothing illegal for offering a decentralised energy grid service"

Decentralised grid service is fantasy. The electric grid is controlled by a government owned company for many reason. First of all, the producers cannot use the grid as a toy. There are technical constraints to be satisfied to avoid blackouts and grid faults. This is why in the liberalized electricity market right now, the production schedule resulting from the pool has to be approved by the Transmission System Operator ( the company that controls the grid ) to make sure that the grid is not overloaded and operated safely. Secondly, in economics, the electric grid is known as a natural monopoly. It means that the cost structure of building and maintaining the electric grid is such that it tends to market concentration, because of high sunk costs and economies of scale. So the government has to regulate this monopoly to avoid one private company to make huge profits from it. The electricity grid infrastructure and decentralization are two different universes.


"micropayments allowing real-time pay-as-you-consume bills "

Is not clear how the market clearing mechanism will work. The whitepaper does not specify anything. Real time payments for energy imply a mechanism to determine electricity prices instantaneously while keeping the grid operation safe.

There are a lot of inaccuracies in your post. First of all, in a liberalized energy market, there would certainly be nothing illegal for offering a decentralised energy grid service. Secondly, you are missing the benefits which a blockchain energy pool would present. Lower costs, better efficiency, micropayments allowing real-time pay-as-you-consume bills, and full transparency on the rates offered by producers. Make no mistake - this is one of the most ambitious projects in crypto, and these guys are on the right track to achieve it.