Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation
Cryptopoolmining seems down? I can't access the site... so I switched my NiceHash contract to Mining Pool Hub. I figured I'd point this out and see if anybody knows what's going on with it. I did tweet them but haven't gotten a response.
Yes Nice/West Hash have been down for a while now. I have gone back to solo mining for the last 3 days of SLR mining. With difficulties down in the 10's that is practical; and I do not expect any great hash numbers appearing with the reward at 6 SLR.
It gave me an opportunity to get the new wallet (1.5) sorted out on my little solar powered rig, so that it can then stay open 24/7 - even when I shut down the gridseeds, because they don't earn their lunch in practical terms anymore.
I can recycle the heatsinks and fans....
The price of SLR is definitely on an upward trend, which should help bring in more hashing power. Keep up the good work guys.
Also, considering the size of your generator pool, it might be a good idea to scale your payments in the beginning. In other words, maybe paying out 1 coin per KW/h of generation for the first 3 months, then .5 coins per kw/h, and down over time. This would give incentive to early adopters. The current 1 SLR per MW/h isn't much.
Just a thought/suggestion from reading through the specs.
I think that's too many. I think the current reward/model is valid. The incentive will not be there if more solarcoins are rewarded, for if the coin has no value, it doesn't matter how many coins are paid out.
IMHO, the Foundation needs to put some time/energy towards building a plan to bring value to the coin, as that still appears to be missing from the recently stated goals (in this forum). How is the Foundation's $20-$30 target value going to be realized?