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

[LuckyKey]

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.

[1714643055]

1714643055

[1714643055]

1714643055

[1714643055]

1714643055

[1714643055]

1714643055

[1714643055]

1714643055

[Epiphany]

Oh!!! Looky at the buy/sell pies on Bittrex! It appears that about 5 bitcoin worth have sales have been pulled from the order books in the past few hours and the buys in BTC are finally gaining on the sales. That's a very good sign!

Coincides with the release of the big news I'd guess.

In case anyone missed it: http://solarcoin.org/increasing-solarcoin-emphasis-for-solar-generators/

[IMJim]

Got a message from Ryan at Bittrex a couple of hours ago letting me know they removed the de-listing warning for SLR:-)

[passionsurf]

Got a message from Ryan at Bittrex a couple of hours ago letting me know they removed the de-listing warning for SLR:-)

excellent!  thanks for emailing Bittrex about that

[vipgelsi]

Got a message from Ryan at Bittrex a couple of hours ago letting me know they removed the de-listing warning for SLR:-)

Great job!

[passionsurf]

Someone really seems to be working hard to drive the price down to the 400-level again on Bittrex ... probably a last-ditch effort to buy cheap coins before the price skyrockets.

[Youghoor]

Someone really seems to be working hard to drive the price down to the 400-level again on Bittrex ... probably a last-ditch effort to buy cheap coins before the price skyrockets.

unless some dumper came and crash the whole market

[passionsurf]

Someone really seems to be working hard to drive the price down to the 400-level again on Bittrex ... probably a last-ditch effort to buy cheap coins before the price skyrockets.

unless some dumper came and crash the whole market

Either way, I'm glad the dumpers are dumping now, because we don't need dumpers holding this coin once the PoS kicks in.

[vipgelsi]

Just got my book in the mail today from nick

Thanks again looks great.

[passionsurf]

My neighbor just put up this sign:




And this is in Washington state where it is cloudy 9 months of the year!

[terciops]

And here is a screen shot of my solar installation graphs from Auckland - where the sun does shine, but not that often

No prizes for figuring out when we installed the 4KW of panels

https://www.dropbox.com/s/ui8jjegsao9fdtw/Screenshot%202014-08-13%2009.04.06.jpg

T

[Epiphany]

Um... 76 difficulty??? Really? 

[corather]

And here is a screen shot of my solar installation graphs from Auckland - where the sun does shine, but not that often

No prizes for figuring out when we installed the 4KW of panels

https://www.dropbox.com/s/ui8jjegsao9fdtw/Screenshot%202014-08-13%2009.04.06.jpg

T

Data graphs! I love data graphs!

[vipgelsi]

Someone has 1,079,558  KH/s  pointed at solarcoin

[LuckyKey]

106 difficulty ?!

Net Hashrate

6,692.99 MH/s

[corather]

106 difficulty ?!

Net Hashrate

6,692.99 MH/s

I see that too, haha.

[terciops]

106 difficulty ?!

Net Hashrate

6,692.99 MH/s

All the new brought mining hardware is coming on-line and it really has very few places to go now.  With LTE down the toilet and average mining returns down to 0.00035BTC on most pools it is all becoming a little sad for the average miner.  At electricity rates prevailing here in NZ 0.00040 is about zero profit after power costs for anything other than the very latest ASICs (and mine are not).   Average returns have about halved in the last 30 days alone.

It is hardly surprising that so much hash is coming SLR's way, it it being seen as a future coin, or even a coin with a future.

It must be quite frustrating to have a shiny new 100GHz scrypt miner setup and know that it has but a few short weeks, months at best,  before you have to put it into the loft to join the BetaMax VCRs and 8 Tracks.....

T

[LuckyKey]

106 difficulty ?!

Net Hashrate

6,692.99 MH/s

All the new brought mining hardware is coming on-line and it really has very few places to go now.  With LTE down the toilet and average mining returns down to 0.00035BTC on most pools it is all becoming a little sad for the average miner.  At electricity rates prevailing here in NZ 0.00040 is about zero profit after power costs for anything other than the very latest ASICs (and mine are not).   Average returns have about halved in the last 30 days alone.

It is hardly surprising that so much hash is coming SLR's way, it it being seen as a future coin, or even a coin with a future.

It must be quite frustrating to have a shiny new 100GHz scrypt miner setup and know that it has but a few short weeks, months at best,  before you have to put it into the loft to join the BetaMax VCRs and 8 Tracks.....

T

What's worse is what happens when you throw 750 Mh/s towards mining solarcoins at that difficulty - it only nets you 14,000 SLR/day!

[IMJim]

106 difficulty ?!

Net Hashrate

6,692.99 MH/s

All the new brought mining hardware is coming on-line and it really has very few places to go now.  With LTE down the toilet and average mining returns down to 0.00035BTC on most pools it is all becoming a little sad for the average miner.  At electricity rates prevailing here in NZ 0.00040 is about zero profit after power costs for anything other than the very latest ASICs (and mine are not).   Average returns have about halved in the last 30 days alone.

It is hardly surprising that so much hash is coming SLR's way, it it being seen as a future coin, or even a coin with a future.

It must be quite frustrating to have a shiny new 100GHz scrypt miner setup and know that it has but a few short weeks, months at best,  before you have to put it into the loft to join the BetaMax VCRs and 8 Tracks.....

T

What's worse is what happens when you throw 750 Mh/s towards mining solarcoins at that difficulty - it only nets you 14,000 SLR/day!

Yeah, this kicked me off SLR.  I went from 4k a day to 800.  Talk about "what's worse".......I am one of the lucky ones that recently bought a ton of Gridseeds.  Still owe 25K for that investment and have only 55mh/s of mining power, that was over $200 a day a very short time ago.  I managed to build a decent portfolio of coins as I knew quickly I was in trouble so stuck with just mining and holding coins I researched and found to most promising.  Only hope now to pay off my equipment now is to hold what I got and hope 1 or 2 of em go big.  I gues worst case scenario I wait a couple years and Solar Coin saves my ass.........fortunately SLR had just launched and caught my attention as I entered this insane crypto world and I now have a good chunk of them.  I know if all the others fail me, SLR will save me in the end:-)

But yeah, I am sucking in my situation right now.  I do have one now small saving grace in that I feed my Gridseeds with solar energy so I will at least be able to keep em running a bit longer and still have profit.......not much of course, but something anyways.

[LuckyKey]

106 difficulty ?!

Net Hashrate

6,692.99 MH/s

All the new brought mining hardware is coming on-line and it really has very few places to go now.  With LTE down the toilet and average mining returns down to 0.00035BTC on most pools it is all becoming a little sad for the average miner.  At electricity rates prevailing here in NZ 0.00040 is about zero profit after power costs for anything other than the very latest ASICs (and mine are not).   Average returns have about halved in the last 30 days alone.

It is hardly surprising that so much hash is coming SLR's way, it it being seen as a future coin, or even a coin with a future.

It must be quite frustrating to have a shiny new 100GHz scrypt miner setup and know that it has but a few short weeks, months at best,  before you have to put it into the loft to join the BetaMax VCRs and 8 Tracks.....

T

What's worse is what happens when you throw 750 Mh/s towards mining solarcoins at that difficulty - it only nets you 14,000 SLR/day!

Yeah, this kicked me off SLR.  I went from 4k a day to 800.  Talk about "what's worse".......I am one of the lucky ones that recently bought a ton of Gridseeds.  Still owe 25K for that investment and have only 55mh/s of mining power, that was over $200 a day a very short time ago.  I managed to build a decent portfolio of coins as I knew quickly I was in trouble so stuck with just mining and holding coins I researched and found to most promising.  Only hope now to pay off my equipment now is to hold what I got and hope 1 or 2 of em go big.  I gues worst case scenario I wait a couple years and Solar Coin saves my ass.........fortunately SLR had just launched and caught my attention as I entered this insane crypto world and I now have a good chunk of them.  I know if all the others fail me, SLR will save me in the end:-)

But yeah, I am sucking in my situation right now.  I do have one now small saving grace in that I feed my Gridseeds with solar energy so I will at least be able to keep em running a bit longer and still have profit.......not much of course, but something anyways.

Yeah,  I hear your pain. The decision as to whether to plunge down the scrypt asic space was a tough one for me.  When I saw coins going PoS, I decided not to. I still have 10 GPUs I am not using, and have just been too lazy to sell.  lol  I have about 5 Th/s in bitcoin miners running in my home though, and my hydro bills are about $600 CDN / month.  If I had a place 2 Km/s across the river, on the Quebec side, I would pay about 15 % of that.  I am considering renting a place over there to plug the miners in. lol I have been buying SLR with my BTC profit, and accumulated a good amount of coins.  I'd like to have a solar setup to drive all my mining, but I sold my house and am renting a place until I buy my next home…where I will absolutely be looking at a solar installation :-)

Go solarcoin Go !