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106 difficulty ?!
Net Hashrate
6,692.99 MH/s
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So you're saying it's like wafflepool except that the payout to the miners is in SolarCoin instead of bitcoin? If that's what we're talking about, that would be all kinds of awesome for transaction volume. But wouldn't it spike the price of SLR with such a small amount in distribution (~30 million)?
If spiking the price brings more attention to the coin and more interest among generators, then it sounds good to me.  I guess the only thing I'd be concerned about is whether the higher prices would be sustainable. We wouldn't want SLR to appear to be a pump-and-dump. Would a multipool generate a steady stream of buying pressure for the coin which, in theory, would eventually even out with selling pressure from minted coins that people staking their wallets might release onto the market, so that the price would stabilize at some level much higher than what we have now? If so, then it sounds great! It would only increase the price if some of the SLR coins paid out would not be sold. If 100% of the coins paid out were then sent by miners to the exchanges to be sold, then in theory it would do nothing for the price, as the same amount of coins produced/bought by the multipool would also be sold each day. But, it would keep the volume on the exchanges stronger. However, if some of the coins were tucked away, then the price should move-up, as more buying would take place than selling, at least from the multipool coins, which would help the price. Perhaps there's a way a percentage of the coins bought via the multipool could be tucked away, or maybe donated to the cause somehow; examples: distributed back to solar generators and/or solarcoin holders, service providers, donated to promote the cause (advertising, etc.), ?. Maybe for a bounty program for further tech development, marketing, business outreach, would be cool. I for one would be happy if there were no staking interest. It would be better for the coins inflationary rate. The remaining unminted coins I agree could go to outreach and innovation, or some of them anyway rather than to large coin wallets. I still think the PoS interest will assist the price growth, as there are some big wallets that will probably weigh the additional increase as a significant factor to retain their coins…you want the big holders holding :-) I also think taking a percentage of an SLR based paying multipool (10%, 15%, 25%, ?), to allocate towards the cause, would be a big help to the coin price. It should increase the overall likelihood of more buying than selling. I would have no problem pointing my hashing power at such a multipool, even though I would be giving some of it back to the cause. |
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So you're saying it's like wafflepool except that the payout to the miners is in SolarCoin instead of bitcoin? If that's what we're talking about, that would be all kinds of awesome for transaction volume. But wouldn't it spike the price of SLR with such a small amount in distribution (~30 million)?
If spiking the price brings more attention to the coin and more interest among generators, then it sounds good to me. I guess the only thing I'd be concerned about is whether the higher prices would be sustainable. We wouldn't want SLR to appear to be a pump-and-dump. Would a multipool generate a steady stream of buying pressure for the coin which, in theory, would eventually even out with selling pressure from minted coins that people staking their wallets might release onto the market, so that the price would stabilize at some level much higher than what we have now? If so, then it sounds great! It would only increase the price if some of the SLR coins paid out would not be sold. If 100% of the coins paid out were then sent by miners to the exchanges to be sold, then in theory it would do nothing for the price, as the same amount of coins produced/bought by the multipool would also be sold each day. But, it would keep the volume on the exchanges stronger. However, if some of the coins were tucked away, then the price should move-up, as more buying would take place than selling, at least from the multipool coins, which would help the price. Perhaps there's a way a percentage of the coins bought via the multipool could be tucked away, or maybe donated to the cause somehow; examples: distributed back to solar generators and/or solarcoin holders, service providers, donated to promote the cause (advertising, etc.), ?. |
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So you're saying it's like wafflepool except that the payout to the miners is in SolarCoin instead of bitcoin? If that's what we're talking about, that would be all kinds of awesome for transaction volume. But wouldn't it spike the price of SLR with such a small amount in distribution (~30 million)?
This is a great idea! This could be setup now, and those with miners could start the ball rolling. You're correct, the concept is to mine other coins, and sell them, and convert the miner payouts to SLR. In theory, it should increase the price of SLR, as a constant stream of buying would take place. |
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CryptoPoolMining showing 44 difficulty, 3.2 GH/s ?!?!
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Its great to see the board so active today. I also remeber my first 10,000 solarcoins i was so happy lol Now myself and family have about 6% of the total outstanding solarcoins in cold storage  I'm pretty much the exact same (approx. 6%). lol I gave a bunch to my 2 teenage boys, and they (like me) are sitting tight on them for a long time to come As well, I'm another proud Canadian (Ottawa). |
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And I remember how excited I was when I got to 20,000.  Those were the days!! I thought at the time it would never happen that I could get to 100,000. Boy did I read that wrong!!! LMAO hah! I was excited when I got my first 1,000 back in January and I even almost quit mining SLR at that point, but I just wasn't interested in mining anything else. I remember that too. I was using my laptop and hubbies computer and cranking out about 5 SLR an hour. I though I was the bomb...  Then I bought the 450 KHs miner and was getting about 500 a day (until it crashed and fried and burned on me, the PoS...). When it got listed, I realized it was much easier to just buy them. Still, I enjoyed those 500 SLR per day and I'd still be mining if the video card hadn't been a dud. LOL - there are some who haven't burnt out a video card or ASIC - yet.... I've been mining/accumulating for months, and have a good bundle. While my GPUs have served their purpose, at the current hash rates, I've been using the proceeds from my KNC Bitcoin miners to steadily accumulate more solarcoins. Along with my early mining, I've been buying at many different prices over the last few months, and am not too worried about the current prices I pay, as it will mean very little in the long run...when time makes these prices look amazing |
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lol i want to change my choice to Option 1B + 1 Option 1B |
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I too like option #1
I have a bunch of (12 now) GPUs that I am selling off, and am picking up an ASIC scrypt rig…to go along with my 3.5 TH/s bitcoin rigs. I would be willing to keep the scrypt rig mining wherever needed (solo or pool) to push the solarcoin cause.
I also like the idea of securing the large grant wallets via a time-sealed escrow or similar….could possibly provide needed security and confidence to grow investor confidence.
All good!
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Want to help cant figure out how to move my btc address to bittex. Its not much just about 150 coins.i have spend $1000 when it was just under a penny and cant afford much more thx
I'm not sure what you mean?  Do you have bitcoin in your Allcrypt account and want to send it to Bittrex? If so, that will be a problem until the Allcrypt guy gets back on August 2 to fix the wallet issues. I doubt you'll be able to withdraw bitcoin or solarcoin from the Allcrypt account until then. If you have bitcoin elsewhere you'd like to send to Bittrex, just get your Bittrex account and there should be a deposit address on the "Wallets" page for you to send bitcoin to. Does that answer your question? I withdrew all my btc from Allcrypt yesterday (transferred them to bittrex), and did not have a problem. I have a pending btc withdrawal since 07:00 yesterday (28th). |
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What's the problem on allcrypt? No buy orders being filled? There are buys greater than the asks that are not being auto-filled?
Now reporting the following for solarcoin : "Wallet under mainenance, back soon" |
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What's the problem on allcrypt? No buy orders being filled? There are buys greater than the asks that are not being auto-filled?
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I just bought some Ether.  When they come out with their platform, I want to play around with it to see if it's something we can use for decentralized contracts for generator grants. It's all greek to me right now (the coding that is) but I know that it costs Ether to create/execute a contract on what ever blockchain you want. At least that's my understanding anyway, so it would fit really well with generator grant applications, it could even keep the identity secure depending on how the contract is structured. I'm a little excited for all of that to come over the next year or two  . It may not be an ethereum solution but from everything I've looked at, it seems to be a very synergistic choice. Don't know much about it, but reads like another ripple labs startup….using blockchain technology to log transactions. Maybe even with a similar concept in that you need a small amount of coins to fund the blockchain transactions? I think there are others that may make a play for this as well (i.e.; pantera capital)? Time will tell if they will be worth anything down the road? This new group seems to be keen on software and APIs to support the technology, so they may do better? Realistically, building and using a blockchain to log transactions is really kids stuff now….and in 3-5 years there may be dozens of companies all doing the same thing, trying to find spaces to solution the technology…and may end up making everything cheap, with little value? The good news is that they had a huge opening…signalling that companies/investors want to throw their $ at anything in this space! It could be the beginning of the dot com boom all over again. lol |
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allcrypt bitcoin wallet down?
Yup…waiting all day for BTC deposit to go through?! Working now. Picked up some more cheap solarcoins i like cheap coins but i wish we could get the block rate down asap +1 |
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allcrypt bitcoin wallet down?
Yup…waiting all day for BTC deposit to go through?! Working now. Picked up some more cheap solarcoins |
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allcrypt bitcoin wallet down?
Yup…waiting all day for BTC deposit to go through?! |
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If you look at digitalcoin there block reward is 15 every 40 seconds.
And if you look at there trading on cryptys the bid and ask are made up of
small orders of 10-20 coins increments.
Hopefully this will happen with solarcoin if the block reduction
is down to 5 a minute by next year.
Instead of having 5k to 10k on the bid and ask on a single order.
As we have today.
Rarer = more valuable = more solarcoin grants
Gotta agree with that. By decreasing block reward, then PoS, it looks to be a good scenario for those that have already mined/bought the 25% of all solarcoins that will be mined….and would think it should raise the value of solarcoins. So you think that a block reward halving or % reduction for a coin that has only 0.1% of coins available for mining will influence the price by even one satoshi? And, the # of coins available will shrink, with block reward reduction, and then PoS. Expectations for granting of solarcoins from solar power is low for the first few years…see previous post providing research/predictions. :-) The first is an assumption and as far as assumptions go.... Second , that is a wrong claim. The supply of coins grows every day , it will not shrink. The trading volume has again no real relation with the amount of coins mined and sold the same day. You can create a volume of 100 btc with just 2 btc being swapped. Besides , the market already counts in future actions that are programmed. Such as the release of 2.5% of the coins stored in the premine each year. The myth of block reward halving has been debunked so many times it's getting boring. Trading supply will shrink as most solarcoin holders will not be selling their coins anytime soon…this, with the reduction in mined coins produced, will increase demand. Throw in PoS, and current holders will be holding even more firmly. Throw in the Foundation work, and interest should push that demand significantly. |
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While I'm as excited as all of you to see a tick up after a downturn, we need to see more volume before we start corking any champagne bottles.  Hmmm... where is that bottle opener of mine?? I have been watching volume as an indicator to confirm the "bottom" and we do have an uptick in volume in the last week, now price is moving up nicely too. Check out the volume on the 90-day chart here: http://coinmarketcap.com/currencies/solarcoin/I find it annoying that Coinmarketcap chaged the y-axis to BTC from USD on their charts (our price always seemed more dependent on US$ than BTC), they've also reverted back to Total Supply from Coins in Circulation, even though the market cap calculation appears to be correct at $60k, the chart went wanky. I asked them to fix it in their thread and Gliss completely ignored my post. Figures... Anyway, I see this as a good sign. Even in an illiquid market like this one, it looks like a confirm of the bottom being around 280-300 sats. I picked up a few cheap solarcoins over the last 2 or 3 weeks :-) |
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If you look at digitalcoin there block reward is 15 every 40 seconds.
And if you look at there trading on cryptys the bid and ask are made up of
small orders of 10-20 coins increments.
Hopefully this will happen with solarcoin if the block reduction
is down to 5 a minute by next year.
Instead of having 5k to 10k on the bid and ask on a single order.
As we have today.
Rarer = more valuable = more solarcoin grants
Gotta agree with that. By decreasing block reward, then PoS, it looks to be a good scenario for those that have already mined/bought the 25% of all solarcoins that will be mined….and would think it should raise the value of solarcoins. So you think that a block reward halving or % reduction for a coin that has only 0.1% of coins available for mining will influence the price by even one satoshi? For certain. Demand should stay strong, and hopefully grow, as the Foundation spreads its wings. And, the # of coins available will shrink, with block reward reduction, and then PoS. Expectations for granting of solarcoins from solar power is low for the first few years…see previous post providing research/predictions. :-) |
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If you look at digitalcoin there block reward is 15 every 40 seconds.
And if you look at there trading on cryptys the bid and ask are made up of
small orders of 10-20 coins increments.
Hopefully this will happen with solarcoin if the block reduction
is down to 5 a minute by next year.
Instead of having 5k to 10k on the bid and ask on a single order.
As we have today.
Rarer = more valuable = more solarcoin grants
Gotta agree with that. By decreasing block reward, then PoS, it looks to be a good scenario for those that have already mined/bought the 25% of all solarcoins that will be mined….and would think it should raise the value of solarcoins. |
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