Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto
by
braxx
on 06/02/2014, 19:45:02 UTC
I was looking at the source code, thinking of creating a pool:

line 834 of main.cpp:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 100 * COIN;
   if(nHeight < 99) {nSubsidy = 1000000000 * COIN;}        <--------------- premined !!!!!!!!!!!
   nSubsidy >>= (nHeight / 525600);
    return nSubsidy + nFees;
}

static const int64 nTargetTimespan_Version1 = 24 * 60 * 60; // SolarCoin: 24 Hours
static const int64 nTargetSpacing = 60 ; // SolarCoin: 1 Minute Blocks
static const int64 nInterval_Version1 = nTargetTimespan_Version1 / nTargetSpacing; // SolarCoin: 1440 bloc

looks like the first 99 blocks were premined @ 1000000000 coins each block !

that's 99,000,000,000  premined coins!!!!!!

block reward for miners is only 100 coins.


   ARE THE DEVELOPERS PAYING OFF PROMOTERS WITH PREMINE TO HYPE THIS COIN HuhHuh


wtf?Huh?


Is this another scam coin / pump-n-dump HuhHuh?

wow ---- people need to see this!
dude... do you ever read OP?

Quote
The supply of SLR is fully documented and comprised of the following:

The Mining Pool: 105 Million SolarCoins (0.1%) to be publicly mined over the next 40 years. All publicly mined SolarCoins represent historically generated and unclaimed solar electricity.
The Generator Pool: 97.5 Billion SolarCoins (99.4%) are currently stored in the OCA non-circulating generation pool account. These will be exchanged for “proof of work” claims of solar electricity generation submitted over the next 40 years at the rate of 1 SLR per MWh of solar energy.
The Genesis Pool: 500 Million SolarCoins (0.5%) are stored in the genesis pool account for environmental charities, early volunteers, advisers, builders and maintainers of SolarCoin infrastructure. Genesis pool circulation is capped so that it will never represent more than 5% of total SolarCoin in circulation.

The OCA is currently organizing its initial charter and members; anyone can join and participate.