Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
by
CryptoNick
on 28/05/2016, 23:02:11 UTC
For what it is worth - getting hot under the collar about solar generation fraud is quite meaningless provided the panel wattage installed is properly verified.

Day to day output is variable,  month on month is just about static, but year on year for a given location is almost a constant - give or take some cleaning, climate change etc.

You do need to take into account the geography - for instance my Auckland 4.2kW will not have the same annual output as an Arizona 4.2kW.

Each installation will have its' slight output variations from the one next door, shading / inverter type / panel type / orientation - but these are pretty much fixed once the system is started.  

My panels have averaged 15.8kWh / day over the past 1656 days since install, with max / min annuals at 16.2 and 15.6.  I fail to see why there is all the fuss, unless I have missed something...

BTW - checkout : paladin.nz for the latest in excess solar recovery to hot water / storage heating / pools and EV charging.

T


Great stats! Yeah you are missing something, I don't own Solar but can claim I do. Unfortunately no one really knows what the current claimers have as output. They are stating that they own the panels. Does SolarCoin fly out and verify the install?

Having a nameplate capacity means what? That you know the numbers and took a picture of the back of a panel? What does that prove against fraud and these claims last for 20 years without monitoring. Will it be a requirement to monitor and if so the expense must also now be worth paying.

Anyone can claim and if monitoring is not required then anyone can commit fraud. At $500 a coin do you think it will be a problem? I think so, I guess if it never gets to $500 a coin then don't worry. If the coin goes to $500 and monitoring is required, someone will make a device to defeat the monitor and it could also emulate a panel too since it is just tied in to a line off the array. If SolarCoin takes over as the new BitCoin fraud will be the biggest problem. You can see how much money is made from ASIC's so the Monitor hack would be a simple and less costly development.