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

[corather]

Premined coin?

The Sun has been premining for several billion years. Maybe we should stop digging coal out of the ground because it was "premined".

Just a thought.

[alicex]

good luck man

[passionsurf]

I'm a believer in this coin, and lucky for me the Diff is still only 1.0 ... definitely a good investment of my hashpower.

[ddirt]

More press for SolarCoin (already):

http://cleantechnica.com/2014/01/31/cryptocurrency-backed-solar-energy/

[ddirt]

and another

http://www.solarchoice.net.au/blog/solar-goes-digital-welcome-to-the-virtual-world-of-solarcoin-310114/

[corather]

I'll explain why this coin has the right idea.

Bitcoin was the technology to create a decentralized form of value. That was it's purpose and it has done it well.

SolarCoin is much like Namecoin. It's sole (pun) purpose is to create a decentralized method of investment in a tangible asset. Add value to the coin, it adds value to the network of solar producers all over the world. Want to invest in solar? Invest in SolarCoin and you invest in world wide solar power production.

This is satoshi's dream. This is why he liked Namecoin. Decentralized dns, invest in it globally.

Yes there is a centralized component to SolarCoin, and honestly I can't see a way around this problem. You need an institution to interface between the actual hardware of solar production and this unit of value known as SolarCoin.

This is how I see it.

*edited for clarity.

[passionsurf]

... Add value to the coin, it adds value to the network of solar producers all over the world. Want to invest in solar? Invest in SolarCoin and you invest in world wide solar power production. ...

Very well said

 

[ddirt]

another SolarCoin article today:

http://www.businessgreen.com/bg/analysis/2326433/solarcoin-promises-solar-energy-producers-new-incentives

[ddirt]

We need more pool operators for SolarCoin! Please make a request to your favorite pool operators to see if they are interested.

[jochem]

What are the transaction fees set to?

[jochem]

Added a pool at https://slr.luckyminers.com/

Pool features:
- DDOS Protected.
- SSL certificate for secure browsing.
- 0% fee this week!
- 2 Factor authentication so your coins won't be stolen
- MSG at top of site for last logon time and IP address so you know if it was you.
- Proportional payout system so you will get credited after each block.
- Crons (payouts) run every minute.
- Email relay server so your email arrives in you inbox!

[ddirt]

The press just keeps rolling in for SolarCoin, nice work PR team! Good mention here

http://www.newscientist.com/article/mg22129553.700-bitcoin-how-its-core-technology-will-change-the-world.html#.UvKaMHd_s0s

[jepistons]

more pr the better

[kikeda]

  still under the radar.

my coins of 2014

ethereum
huntercoin
solarcoin - darkhorse

[ninjaboon]

The press just keeps rolling in for SolarCoin, nice work PR team! Good mention here

http://www.newscientist.com/article/mg22129553.700-bitcoin-how-its-core-technology-will-change-the-world.html#.UvKaMHd_s0s

you cannot buy from any Exchange yet.

[deeppurple72]

I was looking at the source code, thinking of creating a pool:

line 834 of main.cpp:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 100 * COIN;
   if(nHeight < 99) {nSubsidy = 1000000000 * COIN;}        <--------------- premined !!!!!!!!!!!
   nSubsidy >>= (nHeight / 525600);
    return nSubsidy + nFees;
}

static const int64 nTargetTimespan_Version1 = 24 * 60 * 60; // SolarCoin: 24 Hours
static const int64 nTargetSpacing = 60 ; // SolarCoin: 1 Minute Blocks
static const int64 nInterval_Version1 = nTargetTimespan_Version1 / nTargetSpacing; // SolarCoin: 1440 bloc

looks like the first 99 blocks were premined @ 1000000000 coins each block !

that's 99,000,000,000  premined coins!!!!!!

block reward for miners is only 100 coins.


   ARE THE DEVELOPERS PAYING OFF PROMOTERS WITH PREMINE TO HYPE THIS COIN


wtf??


Is this another scam coin / pump-n-dump ?

wow ---- people need to see this!

[braxx]

I was looking at the source code, thinking of creating a pool:

line 834 of main.cpp:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 100 * COIN;
   if(nHeight < 99) {nSubsidy = 1000000000 * COIN;}        <--------------- premined !!!!!!!!!!!
   nSubsidy >>= (nHeight / 525600);
    return nSubsidy + nFees;
}

static const int64 nTargetTimespan_Version1 = 24 * 60 * 60; // SolarCoin: 24 Hours
static const int64 nTargetSpacing = 60 ; // SolarCoin: 1 Minute Blocks
static const int64 nInterval_Version1 = nTargetTimespan_Version1 / nTargetSpacing; // SolarCoin: 1440 bloc

looks like the first 99 blocks were premined @ 1000000000 coins each block !

that's 99,000,000,000  premined coins!!!!!!

block reward for miners is only 100 coins.


   ARE THE DEVELOPERS PAYING OFF PROMOTERS WITH PREMINE TO HYPE THIS COIN


wtf??


Is this another scam coin / pump-n-dump ?

wow ---- people need to see this!

dude... do you ever read OP?

The supply of SLR is fully documented and comprised of the following:

The Mining Pool: 105 Million SolarCoins (0.1%) to be publicly mined over the next 40 years. All publicly mined SolarCoins represent historically generated and unclaimed solar electricity.
The Generator Pool: 97.5 Billion SolarCoins (99.4%) are currently stored in the OCA non-circulating generation pool account. These will be exchanged for “proof of work” claims of solar electricity generation submitted over the next 40 years at the rate of 1 SLR per MWh of solar energy.
The Genesis Pool: 500 Million SolarCoins (0.5%) are stored in the genesis pool account for environmental charities, early volunteers, advisers, builders and maintainers of SolarCoin infrastructure. Genesis pool circulation is capped so that it will never represent more than 5% of total SolarCoin in circulation.

The OCA is currently organizing its initial charter and members; anyone can join and participate.

[jepistons]

SLR will be on top when everything is said and done the coin is for the future

[ubi4doges]

To the Sun!!

Will this support only photovoltaic technology? Or also solar heaters (and maybe, solar stirling engines)?

[jepistons]

To the sun sounds catchy