[ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto

[freebird]

I just noticed that the cryptopoolmining slr pool is closing and changing to a new stratum.

I don't see any notice on the page. Where is it posted? Also, could you please explain what are the implications of this? Thanks.

[1714614377]

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[1714614377]

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[passionsurf]

I just noticed that the cryptopoolmining slr pool is closing and changing to a new stratum.

I don't see any notice on the page. Where is it posted? Also, could you please explain what are the implications of this? Thanks.

https://cryptopoolmining.com/slr/index.php

At the top of the page it says:

Solarcoin pool will be closed (stratum will be shutdown on July 28th, 2014 21:00 UTC). Please withdraw all your coins and click here to use our CryptoPoolMining.com v2 pool which supports Single Sign-on.

They want miners to start a new account here:
https://v2.cryptopoolmining.com/slr

The new SLR stratum is here:
stratum+tcp://eu1.cryptopoolmining.com:5008

[freebird]

I just noticed that the cryptopoolmining slr pool is closing and changing to a new stratum.

I don't see any notice on the page. Where is it posted? Also, could you please explain what are the implications of this? Thanks.

https://cryptopoolmining.com/slr/index.php

At the top of the page it says:

Solarcoin pool will be closed (stratum will be shutdown on July 28th, 2014 21:00 UTC). Please withdraw all your coins and click here to use our CryptoPoolMining.com v2 pool which supports Single Sign-on.

They want miners to start a new account here:
https://v2.cryptopoolmining.com/slr

The new SLR stratum is here:
stratum+tcp://eu1.cryptopoolmining.com:5008

Thanks. Guess I needed to reload the page to see the notice.

[passionsurf]

I just noticed that the cryptopoolmining slr pool is closing and changing to a new stratum.

I don't see any notice on the page. Where is it posted? Also, could you please explain what are the implications of this? Thanks.

https://cryptopoolmining.com/slr/index.php

At the top of the page it says:

Solarcoin pool will be closed (stratum will be shutdown on July 28th, 2014 21:00 UTC). Please withdraw all your coins and click here to use our CryptoPoolMining.com v2 pool which supports Single Sign-on.

They want miners to start a new account here:
https://v2.cryptopoolmining.com/slr

The new SLR stratum is here:
stratum+tcp://eu1.cryptopoolmining.com:5008

Thanks. Guess I needed to reload the page to see the notice.

Well luckily the pool still seems to be up, because I haven't had a chance to go home and switch over my miner to the new pool.

[grandpa]

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

[dearbesz]

this is bad...the coins that they get will be turn into nothing...

[Epiphany]

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?

[freebird]

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

1. Register for an account on Bittrex: https://bittrex.com/Account/Register
2. When logged in, go to this page: https://bittrex.com/Balance
3. Click the + sign next to Bitcoin.
4. Copy the Bitcoin deposit wallet address.
5. Send your Bitcoin to that wallet address from your Bitcoin wallet on your computer or another exchange where you store BTC (Coinbase, Bitstamp, wherever).

Btw, many of us are in the same situation of having bought our SLR when it was worth around a penny. I'm confident that the price will go back up to that level, and higher, after the block reward is reduced.

[freebird]

this is bad...the coins that they get will be turn into nothing...

What do you mean?

[Tachyon2032]

Any plans for an Android Solarcoin wallet release?

BTC: 14nAytauuGTsnWbGxDuropawgpgGyV8gGW | SLR §: 8X3PKaV8dpm6Rnw3PDteEoyN2pzv2oHy5S

[freebird]

Any plans for an Android Solarcoin wallet release?

It's on our to-do list, but after we do the block reward reduction, and probably also after the transition to Proof-of-Stake (since that will require new wallets anyway).

[vipgelsi]

Any plans for an Android Solarcoin wallet release?

It's on our to-do list, but after we do the block reward reduction, and probably also after the transition to Proof-of-Stake (since that will require new wallets anyway).

Any update on ETA of the block reward reduction start time?

[freebird]

Any plans for an Android Solarcoin wallet release?

It's on our to-do list, but after we do the block reward reduction, and probably also after the transition to Proof-of-Stake (since that will require new wallets anyway).

Any update on ETA of the block reward reduction start time?

It depends on whether we just do a block reward reduction or whether we also switch to PoS after reaching 1 SLR per block. Obviously it's easier just to do the reward reduction, but it's riskier because if the price doesn't rise as fast as we expect then mining could dry up and make the coin insecure. So we're also thinking about PoS in conjunction with the reward reduction. If we go that route, we might actually reduce from 100 to 1 SLR per block in only 33 days (and then the PoS interest rate equivalent). We're talking with developers who could help our team to make sure it's done right either way.

I can't give an ETA yet, but this is our top priority and it's moving forward ASAP. We will inform the community at least a couple weeks ahead of time before the fork occurs.

Keep in mind we also have to get the pools to agree to it, unless there are some big solo miners who want to commit to mining the fork so that 51% of hash rate is for the new code. Any miners here want to comment?

[vipgelsi]

Its small but I can devote about 1.5 mhs and i bet the rest of the board will also help out.

I also am commited to buying coins at the ask to help support the price.

[passionsurf]

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.

[LuckyKey]

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).

[freebird]

Its small but I can devote about 1.5 mhs and i bet the rest of the board will also help out.

I also am commited to buying coins at the ask to help support the price.

+1

[IMJim]

Haven't posted in here in a while, but I have been slowly buying what I could since the warning from Bittrex as well.  Got another 40k or so and still working to get a few more.

SLR was actually the very first coin I mined when it first launched, haven't sold a single one......in this one for the long haul:-)

[freebird]

Everyone (especially miners):

The SolarCoin team would like your feedback on which way we should reduce the coin's inflation rate. Because this requires a hard fork, 51% of miners' hash rate will have to accept whatever changes to the code we make and mine the fork or else it won't take effect. Therefore, we need your support and commitment to help SolarCoin make the transition to become a low-inflation coin and enable the price to rise, thus making the coin more attractive to solar energy generators to claim their SLR.

The team has been discussing three main goals:
1. We want SolarCoin to have an inflation rate of 1 SLR per minute. If we stick with a mining-based PoW system, this would be a reward of 1 SLR per block. If we transition to PoS, it would be a 1.5% annual interest rate for staking your wallet (this is the approximate equivalent based on expected circulating coins ~35 million by that time).
2. We want to transition the coin to PoS, either sooner or later.
3. We want the granting process to be fully automated, and we will look into the possibility of using Ethereum to make that happen.

The logical progression of implementing the goals would be 1, 2, and then 3. So this is the big picture of how we see the evolution of SolarCoin. We believe taking these steps will make the coin much more valuable and interesting to generators and investors. We need maximum community support for the vision of how to move forward, both in terms of the big picture and the specifics, so that it will be successful. Cryptocurrencies are community-driven, and this is why we're asking you for your input.

On the specifics, the team is currently leaning towards the following plan, let's call it "Option 1":
-- Block reward reduction of 3 SLR per day, starting at 100 per block and ending at 1 per block, so it would be a 33 day countdown to get to 1 SLR per block.
-- After we get there, the coin would automatically switch to PoS at a 1.5% annual interest rate.
-- Goals 1 and 2 above would therefore be accomplished with only one fork.

However, we're also considering another possibility, "Option 2":
-- Block reward reduction of 1 SLR per day, so it would take 99 days to get to 1 per block.
-- PoS would not be built-in to the fork. We would implement that later as a second fork.
-- If the price doesn't rise fast enough to keep miners interested as the block reward reduction is gradually proceeding, we might have to do the second fork (to PoS) earlier. This is unpredictable.

If neither of those options are acceptable to SolarCoin miners, here's an "Option 3" to consider:
-- No block reward reduction. It stays at 100 SLR per block until the switch to PoS.
-- We do a fork to code which automatically will switch to PoS a few weeks after the fork takes effect.
-- Enjoy the huge block reward and mine the heck out of it while you can, but fully understanding and accepting that at the target block number the coin will switch to PoS and become unmineable from then on.

So the question is, which of these plans do you prefer? Which of them would you support, by mining the fork with your solo mining rigs and/or asking the pool you use to switch to the fork? Do you have a strong preference, or not?

Thank you for your input.

Eric
(SolarCoin Board Member)

[IMJim]

I'm kinda liking the 3rd option as it gives miners another shake at earning while making it more worthwhile to mine, I also like the short POW versus the long before transitioning to POS.  I however cannot solomine with my rigs so would only be able to mine if a pool was avail.