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Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Hey guys,
Ive been holding SolarCoin for over a year now, and have been reading along here for a couple of months so not entirely new. It is my first post though
Ive been reading about staking, and if Im correct it means using the SolarCoin wallet, and leaving it on and open to help the network. I am thinking about starting to stake as well, to contribute to the network bc Im not planning on selling the slr anytime soon. At the moment, my coins are in Lykke. I have two questions:
1) Does anybody know if I can just withdraw my coins from Lykke into a SolarCoin wallet? Because they use the Colored Coins protocol..
2) For staking, I dont have a desktop I can leave on all day but only a laptop. I read about setting up a Raspberry Pi but Im not a hero on the technical part.. Could someone give me directions where to start looking?
Thanks a lot!
Ive been holding SolarCoin for over a year now, and have been reading along here for a couple of months so not entirely new. It is my first post though
Ive been reading about staking, and if Im correct it means using the SolarCoin wallet, and leaving it on and open to help the network. I am thinking about starting to stake as well, to contribute to the network bc Im not planning on selling the slr anytime soon. At the moment, my coins are in Lykke. I have two questions: 1) Does anybody know if I can just withdraw my coins from Lykke into a SolarCoin wallet? Because they use the Colored Coins protocol..
2) For staking, I dont have a desktop I can leave on all day but only a laptop. I read about setting up a Raspberry Pi but Im not a hero on the technical part.. Could someone give me directions where to start looking?
Thanks a lot!
If you joint the slack, there is a thread specifically for Lykke and you'll get your question(s) answered a lot quicker:
https://solarcoin.org/en/solarcoin-forum
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?
The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.
Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?
What do you think? Of course this does not help maintaining the network.
I just don't understand how the code works. I'm unsure if it is the process of "staking" that is what supports the network or if it is merely an open wallet that supports the network. This seems unclear.
There are two components to the mining process whether it's proof of work, or proof of stake. One is the hardware required to calculate a block, and the other is communication with the blockchain. Bitcoin for example uses a lot of hardware to calculate the proof of work, but the work must still be written to the blockchain. You can run a main node on the Bitcoin network without doing any of the proof of work, though all you're doing is storing transactions, and broadcasting that info to the network. Solarcoin works in much the same way, though all the calculations for generating a block are done through a software algo. You can still run a "main node" on the network to support the blockchain, though you won't generate any interest with an empty wallet. So yes it does support the network, but not nearly as much as you would even if you had a tiny amount of solarcoin in that wallet.
"In order to maximize the probability of earning all matured interest and signing a block during a period of time, a node must stake actively to ensure passage through the Stake-Time window for all coins held. When network strength is lower, the fraction of age deemed idle-time increases. This results in inactive stakers being penalized, with some loss of matured interest, and decreased probability to stake. By decreasing the likelihood to stake, the inactive staker is susceptible to accumulating age at a faster rate than those actively staking. To regain optimal probability of earning all matured interest, this staker must resume active staking to make up lost time. Conversely, individuals who are staking with little to no idle-time earn their full matured interest reward even in a weaker network state, when acceptable age is low and interest rate is high due to the PoST targeted inflation rate [figure 3]. As a workaround, accumulated idle-time could be reset by sending coins to another wallet, but this comes at a cost: fees are paid to those who are actively staking, and all matured interest due is lost. In summation, the behavior that is by far the most profitable is to stake as actively as possible. This further incentivizes a stable, well-supported network."
Full explanation is found here:
https://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf
(Solarcoin PoS is based on the VeriCoin PoS programming)
From what I gather from this whitepaper:
1) interest rate is variable between about 1.8% and 2.6%, with a target goal of about 2%
2) interest rate is slightly higher when there is a higher percentage of wallets that are staking
3) network stability increases the more wallets are staking
4) it is more profitable to continuously stake (as opposed to staking intermittently)
5) fewer coins held means longer time to stake
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Thanks to Com-Guard.com Inc, Solarcoin is showing up in news all over Wall Street especially for those who trade penny stocks. Whether or not the Com-Guard.com company succeeds in their new endeavors, they sure are sending a lot of attention our way!
http://crweworld.com/article/news-provided-by-globenewswire/194358/com-guardcom-inc-announces-its-strategy-as-it-enters-into-the-security-blockchain-technology-market-using-the-raspberry-pi-and-will-concentrate-its-efforts-on-the-solarcoin-market
http://culthub.com/education/com-guard-com-inc-announces-its-strategy-as-it-enters-into-the-security-blockchain-technology-market-using-the-raspberry-pi-and-will-concentrate-its-efforts-on-the-solarcoin-market/42912
http://www.pennystockhub.com/tag/solarcoin/
http://www.satprnews.com/2017/12/14/com-guard-com-inc-announces-its-strategy-as-it-enters-into-the-security-blockchain-technology-market-using-the-raspberry-pi-and-will-concentrate-its-efforts-on-the-solarcoin-market
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28738
https://ih.advfn.com/p.php?pid=nmona&article=76288535&symbol=CGUD
http://www.finanzen.net/nachricht/devisen/com-guard-com-inc-announces-its-strategy-as-it-enters-into-the-security-blockchain-technology-market-using-the-raspberry-pi-and-will-concentrate-its-efforts-on-the-solarcoin-market-5867307
http://www.watchdogstocks.com/com-guard-com-inc-cgud-otc-pink-current-com-guard-com-inc-announces-its-strategy-as-it-enters-into-the-security-blockchain-technology-market-using-the-raspberry-pi-and-will-concentrate-its-eff-2/
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
actually i already dumped bla bla...
Look at your nickname - from a supporter you become a complete piece of sh*t. So u dumped ur SLR stash and u moved on with other alts - WELL OK FINE GOOD FOR YOU! The thing that I don't get is why dafuq are u still here spamming crap like a complete douchebag??? If you don't have something related to Solarcoin to say just f*ck off and stop trolling like a little b*tch...
He's probably afraid Solarcoin is going to $20 when he sold under $0.2
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
I think that was fake news to throw people off..... they plan on announcing a whole nother coin next week/. 98,034,300,133 Coins is a lot to swallow...... anyone want to put that into perspective?
Don't put the cart before the horse. There are currently only 37 million SLR in circulation, which is a very small amount. The 98 billion is projected over a 40 year period and the only way we would ever see 98 billion in circulation is if this coin's market value was so high (likely $20+) that it would draw enough attention in the solar power community such that a substantial amount of people started submitting claims for grants. So it's different than with bitcoin, because with bitcoin all you need is only a single user with a single miner to mine all the coins, but with solarcoin, no single user can "mine" or "claim" all the coins. It takes hundreds of thousands, if not millions of users, rather than just one. And when this coin has a hundred thousand users or even a million users or more, then the market price will rise accordingly. In other words, increasing the number of users = increasing the value. So 98 billion seems like a lot, but we will never even get close to that number until the number of users (and thus the value) substantially increases.
Very good Im sold!
Very good I'm keep holding.
So any significant increase in circulation only comes with a significant increase in the number of users?
That is genius!
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
I own solar arrays and today installed the SolarCoin Wallet. It went fine, I blogged about it here: https://bitcoin-investors.co.uk/2017/10/installing-a-solarcoin-wallet/.
Now i'm trying to register my solar for SolarCoins and all the links seem to have been taken down or are broken - is SolarCoin dead?
Now i'm trying to register my solar for SolarCoins and all the links seem to have been taken down or are broken - is SolarCoin dead?
it's dead, time to move on
To paraphrase monty python not quite dead... I was on phone with CEO of one of the world's largest solar generator's on Sunday. $11b/revenue power company. He wants to introduce us to one of world's most important renewable IGO's. We are moving along with development on new wallets supporting Segwit/ Bitcore 0.15. Hiring part time BA/tech project lead and still chipping away at one of the world's largest solar monitoring platforms for integration.
Nick
Increasing users will increase the value which will further increase the number of users which will even further increase the value.....
Future looks good
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
This coin is very much alive Check us out here.
Join Solarcoin Slack
https://solarcoin.org/en/solarcoin-forum
Join Solarcoin Slack
https://solarcoin.org/en/solarcoin-forum
As noted a few pages before, I can't find the INVITE link there, only the login link...
I can send you an invite just pm your email.
Can't you guys fix the link on the website instead so everyone interested can participate in the future without needing to ask for permission?
Or is this to not have any scammers join? It used to be open invite, not sure why or when it changed, but my guess is that it might be to help keep the spammers out. I have seen a couple spam posts on the slack recently about unrelated ICO's.
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Yay, Cryptonick posted, the price is bound to rise again. 
gotta love that FUD juju! Always works against you haha!
Not meant as FUD, SolarCoin is one of my favorite coins. If Bitcoin goes to 1 million and SLR goes to 1 Sat then this means FIAT has a slim chance to recover. This puts SLR at 1 penny per coin and SLR is 25 cents right now. That is only a small drop at that point and completely recoverable by any investor by hedging at 1 sat, then it can move up later. Also you have the capability for Bitcoin to go to 2 million as Hyperinflation will ravage economies that did not get in to Bitcoin soon enough. The value of all currency starts pouring into Bitcoin and all Alt coins will not be able to sustain other than artificially pumping as people sell out and groups retain them and pump. So SLR could boost also and not stay at 1 Satoshi. I hope you realize that ETH must pump since it is paired with FIAT at Coinbase. Do you think someone will give you 1 Dollar real money and not retain the value for what they paid? Anyone buying at $300 paid for the banks to offset their expenditure.
The problem comes from needing to sell to FIAT. There needs to be a Magic number and it should be the Wholesale cost of Power. This is where the market should actually be at but there is no reason to buy SLR and sustain it there along with the leaky ceiling of Claims that can rain down on the market. If the coin were to leave the economy as Bitcoin there is no reason to buy SLR other than trying to take profit and this will always do the dead cat bounce especially when the top end is the actual cost of Power vs the draining of the leaky ceiling leaving to Bitcoin.
By Pegging the Coin at Wholesale Power and allowing people to spend their coin at that level by trading it internally would allow an economy to grow and real value to sustain.
Granted Bitcoin going to a million seems far-fetched, but with the looming Bank Bail-In's from a Quadrillion dollar call on the Derivative market you can see the Sands of time are pouring to match the quadrillion grains of market gains banks wish to take from the world.
You said it yourself "bitcoin going to a million seems far-fetched." And it seems even more far-fetched to see solarcoin go to 1 sat, EVEN if bitcoin does hit a million. Your assumption therefore is based on MULTIPLE far-fetched occurrences, the likelihood of both occurring is very very very small.
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
SLR has become such a shitcoin. Every pump ends in a even bigger dump. I should have listened to cryptonick when I had the chance.
Don't get too exited for nothing.
Someone has been buying and selling his own stash for years now on bittrex.
I actually feel really bad for whoever is doing this. If you watch the market closely you can see how he buys his own stash to increase the volume.
In reality whoever is doing this is just giving away fees to bittrex. There is no other winner. This guy must be the worst trader ever lol.
And once he realises how much he has lost on fees, and decides to finally dump his stash, the price will most probably crash to nearly nothing. I'm glad I got out and I hope this serves as a warning to most people here.
Don't get too exited for nothing.
Someone has been buying and selling his own stash for years now on bittrex.
I actually feel really bad for whoever is doing this. If you watch the market closely you can see how he buys his own stash to increase the volume.
In reality whoever is doing this is just giving away fees to bittrex. There is no other winner. This guy must be the worst trader ever lol.
And once he realises how much he has lost on fees, and decides to finally dump his stash, the price will most probably crash to nearly nothing. I'm glad I got out and I hope this serves as a warning to most people here.
They make 100% pure profit so the fees are not a factor. I hope you still made your investment back and some profit.
Bitcoin will keep going up in price and eventually SLR will be 1 satoshi as I predicted. This is a good thing though since at that point SLR will never lose value for any investors and if it goes to 2 satoshi those investors double their money. It is the perfect defense for Bitcoin to shake off all these alts and dilute them. But by doing so it grants the alts more power. It is a beautiful thing in my opinion.
When Globally Fiat Fractional currency goes the way of the Iraqi Dinar and you need a wheelbarrel just to buy a loaf of bread, then Bitcoin will be at 1 Million per coin. It is inevitable and right in front of our faces as 8 decimal places put it on pace with a penny per satoshi to become the worlds global currency.
When people will be forced to buy goods just to make their money worth something to hedge against inflation they will buy cars and not even be able to afford the gas. But having a car at that point is better than holding the inflationary currency. Just imagine applying this to Bitcoin now instead of buying a car everyone starts buying Bitcoin. The profits will be astronomical but people will not go back to Fiat since it is going to inflate and Bitcoin will only go up and stop the loss. It is self evident as a government could just own more Bitcoin than it holds in Fiat and hedge their economy. Magnificent mathematical glory!
I have a difficult time believing that the world of digital currency will become so dominated by bitcoin that all of the other altcoins (like solarcoin) will go to 1 satoshi. There are hundreds of Fiat currencies, and the world is not dominated by the USD or the EUR or any of them. While both the USD and Euro are powerhouses, that by no means would imply that all of the other world currencies would eventually become worthless. This line of thinking has no logic to it. Plus a few months ago we have already seen Ethereum nearly take over the world of digital currency and give bitcoin a run for the money. My prediction is the opposite of CryptoNick's. Rather, I think that the world of digital currency will have several powerhouses and will continue to have dozens of additional strong currencies, just like we see in the fiat systems. This is the only prediction that makes sense, and the only idea that supports the trends we see on coinmarketcap. ANY currency that becomes a medium of exchange will automatically increase in value. Thus as soon as more power/energy companies start accepting solarcoin as a means to purchase power or purchase solar-related products, then we will see a sharp increase in the demand for solarcoin.
I should add that I buy solarcoin because I believe this coin has great potential for becoming a leading powerhouse in the world of digital currency.
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
unfortunately this coin seems to be dead. It's probably not going anywhere anymore. I have accepted this fact and i've moved on.
A bunch of presentations and youtube videos won't magically make the price rise. Solarcoin must be one of the only coins that missed out on these past few bullish months for crypto. What a joke lol. I'm glad i had a bunch of other coins at least.
Good luck to this project and to everyone holding SLR
A bunch of presentations and youtube videos won't magically make the price rise. Solarcoin must be one of the only coins that missed out on these past few bullish months for crypto. What a joke lol. I'm glad i had a bunch of other coins at least.
Good luck to this project and to everyone holding SLR
The Solarcoin Foundation has emphasized from the beginning that this is a 40-year project and not a 3-year project. Get-rich-quick schemes are for gamblers. Solarcoin is not a get-rich-quick scheme. It is a legit project to encourage/increase the production of world-wide renewable resources in the form of solar energy. I believe in and support the cause. Unfortunately, most of the cryptoworld (also Forex and stock trading) seems to be more about gambling to make a quick buck rather than finding awesome causes to believe in and support long-term. I'm not saying that gambling or day-trading is by any means "wrong" or "bad", as I have spent my fair share of time currency trading, stock trading, and even in casinos. But what the Solarcoin project needs is not more "gamblers" but rather more "investors" who also believe in the cause and are not merely interested in making a quick buck. That is most likely why people like Nick Gogerty and Francois Sonnet are actively pursuing speaking engagements with groups like the UN and PBOC, groups that have the financial means to potentially help provide long-term support for this innovative project.
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
I like that there continues to be world press releases about Solarcoin. Now seems to be a good time to buy.
As found on the slack channel, continued developments with Solarcoin include:
- Translation of the Solarcoin website into German
- Upgrading the QT wallet for beta testing should be finished shortly
I understand there is a lot more happening behind the scenes that is mostly unknown to the public. That may also be the reason for the recent all-time high and the current increase in buy support for SLR.
If anyone else has more updates/news regarding Solarcoin, I'd love to hear!
Also, Lykke exchange is expected to gain US licensure in the near future, and this will be a huge step forward for Solarcoin since SLR can be bought directly with USD through this exchange.
https://www.lykke.com/city/blog/lykke_heat_from_the_global_street
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
SolarCoin Generator Pool Security
The SolarCoin Foundation has made securing the SolarCoin Generator Pool a top priority for 2017 to help give future and current SLR owners certainty about the source and amount of SolarCoin released into circulation. After much research and debate, balancing security and simplicity, the SolarCoin Foundation proposes a time lock on the Generator Pool. The details are being finalized, but the approach would be similar to what Ripple has communicated: https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency
Some common wallet security practices for cryptocurrencies that the SolarCoin Foundation considered are:
-Cold Storage of wallets - Currently implemented for the generator pool and would continue to be operational for any wallets not time locked
-Very small amount of coin available for issuance at any one point in time (reduce risk by shrinking the size of the target) - Timelock of generator pool accomplishes this goal.
-Multi-signature authentication (m of n) from separate resources to access wallets - Currently implemented for the generator pool distributed internationally
-Proactive security of posting 100% collateral to access wallets - Decided against because of smart contract implementation complexity
The SolarCoin Foundation welcomes the community to comment on this important security requirement.
The SolarCoin Foundation has made securing the SolarCoin Generator Pool a top priority for 2017 to help give future and current SLR owners certainty about the source and amount of SolarCoin released into circulation. After much research and debate, balancing security and simplicity, the SolarCoin Foundation proposes a time lock on the Generator Pool. The details are being finalized, but the approach would be similar to what Ripple has communicated: https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency
Some common wallet security practices for cryptocurrencies that the SolarCoin Foundation considered are:
-Cold Storage of wallets - Currently implemented for the generator pool and would continue to be operational for any wallets not time locked
-Very small amount of coin available for issuance at any one point in time (reduce risk by shrinking the size of the target) - Timelock of generator pool accomplishes this goal.
-Multi-signature authentication (m of n) from separate resources to access wallets - Currently implemented for the generator pool distributed internationally
-Proactive security of posting 100% collateral to access wallets - Decided against because of smart contract implementation complexity
The SolarCoin Foundation welcomes the community to comment on this important security requirement.
Implementation of these factors definitely seems to be important for the health of this coin long term. I'm especially excited by limited amount of coin available for issuance at any one point in time. This coin really seems to have a strong future ahead!
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
https://www.linkedin.com/pulse/go-green-india-launches-its-first-solar-powered-local-muqbil-ahmar
This is pretty interesting
This is pretty interesting
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Looks like the majority of the altcoin prices are all down now as people are trading their altcoins for more bitcoin in preparation for the upcoming fork so they can maximize the amount of bitcoincash they can get on Aug 1st.
I think recent price drop is due to lack of development.
Look Solarcoin github. There is no activity within last 6 month.
There hasn't been a wallet update in a bit, but that's getting attention. There are plenty of developments for Solarcoin, they just aren't focused on the wallet software, however there was a bounty for updating the wallet.
https://streams.lykke.com/Project/ProjectDetails/upgrade-the-solarcoin-from-bitcoin?utm_content=buffercfac7&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer#tab_Comments
I know that, the cash equivalent value of bounties are declined due to price slide.
If the winners sell their SLR, the price will drop once again.
I'm long holder and supporter of Solarcoin. But I'm losing faith.
That's the bear market. I can't tell you what the future holds, but I can say I've seen this before. There are always periods of drought.
Problem is that the Drought is caused by the Sun and even when it Rains SLR through the Leaky ceiling, the ground just dries up too fast. Need to make a buy climate instead of a dry climate. No reason to buy SLR right now.
It's a good time to buy SLR.
Sure definitely a good time to buy. But, the only "reason" to buy right now is if you bought higher and needed to hedge your position.
Just be glad SLR never did an ICO. It is still way better off than any type of ICO ever.
I can think of more "reasons" to buy, for example, if you have more money lying around that you want to invest in the current market regardless of your previously held positions.
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
I'm guessing price will rise again after August 1st, when bitcoin price rises again.
For now, we are seeing lots of very cheap SLR. Enjoy it while you can
For now, we are seeing lots of very cheap SLR. Enjoy it while you can
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Solarcoin and United Nations climate change
Looks like this UN convention is happening this week. I'm excited to see what comes out of it.
Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)