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

[sylph93]

Without PoW mining, this coin can't make block. The dev team always think of competitiveness of ASIC, especially low power consumption. So, the dev team of Solarcoin seemed to let the diff. problem exist. However, even ASIC miner don't like high difficulty level. So they had gone. Ruins remained. Ridiculous. I suggested gravity well at least 2 months ago. When I said, they didn't listen at all.

[vipgelsi]

This board is really starting to pick up pace keep it up.

[gsupp]

i dont understand the whole part of 'claim them by solar panel" does that mean it's manual. And you have to send your copies of papers or something to prove you own the equipments and then the dev team manually sends them solarcoins?

Right and my main other question is why would someone that's generating solar power, care about getting Solarcoins as credit for their production?

[corather]

i dont understand the whole part of 'claim them by solar panel" does that mean it's manual. And you have to send your copies of papers or something to prove you own the equipments and then the dev team manually sends them solarcoins?

Right and my main other question is why would someone that's generating solar power, care about getting Solarcoins as credit for their production?

It's an incentive or at least it's designed as an incentive for putting up solar panels at least on the home owners end. Homeowners receive tax credits and utility credits for solar so what is attempting to be accomplished here is adding an extra incentive to putting up solar. When/If Solarcoin reaches it's intended target value of 20-30 dollars a coin, it'll be a valid added incentive along with all the other credits.

[mazuma]

so many delusional folks in this thread

[Epiphany]

so many delusional folks in this thread

[Epiphany]

What do you guys make of all those §50,000 buy orders that showed up this morning? It has to be just one person. It adds up to over $3000. If he/she had done a market order with that instead, the price would have tripled. 

With the difficulty where it is, there are no new coins gonna be added to the market for another 42 hours unless some hashing power comes back. And nobody is dumping. Hmmm. Could be an interesting couple of days! Or a standstill. 

[Epiphany]

Not that it matters but I used to be a G7 Index futures trader for a pension fund. It's been a number of years since I've done trading like that but much of it is like riding a bicycle when it comes to analyzing a market. Even though this isn't anywhere near the kind volume or value of what I traded back then, I've really been enjoying watching the market psychology surrounding this coin over the past couple of months.

[Gaoweida]

encourage everyone to do their own research, there is a lot of information from the creators available on their website. The wiki on the solarcoin.org site is down at the moment but when it is back online it is a treasure trove of useful information.

[Epiphany]

I've been trying out leaserig.net tonight. I have to say, I'm kinda pleased with it.

Yes, I understand that it's cheaper to buy them from Allcrypt than to buy a lease and mine them with the difficulty where it is. But I'm delusional and want to put my money to work getting the hash power going again so the coming drop in difficulty doesn't exacerbate the whip-sawing situation we are facing right now... If that means I pay more for each  §, then so be it and ya'll can feel free to call me an idiot as well as delusional.  

It's just that I don't intend to sell until much, much higher so I'm willing to pay 1.5 cents per coin just as quickly as I'm willing to pay 0.5 cents per coin. A year from now when it's trading at $1, am I really going to regret that decision? I don't think so.  

[corather]

so many delusional folks in this thread

 

[freebird]

Not that it matters but I used to be a G7 Index futures trader for a pension fund. It's been a number of years since I've done trading like that but much of it is like riding a bicycle when it comes to analyzing a market. Even though this isn't anywhere near the kind volume or value of what I traded back then, I've really been enjoying watching the market psychology surrounding this coin over the past couple of months.

The thing that I find so interesting is that the SolarCoin market is very atypical for cryptocurrencies. It trades a steady 1 to 2 BTC volume per day, most days, and it seems that there's very little short-term trading going on -- hardly any big swings based on momentum -- just miners steadily dumping their coins to long-term investors who accumulate. Almost all other cryptos have totally different trading patterns, with high-volume pumps or catastrophic declines. §SLR is incredibly boring from a trading perspective, but I think that's because everyone buying the coin is planning to hold for the long term. When the mining dries up -- either by switching to proof-of-stake or just through gradual decline of mining rewards -- there aren't going to be many sellers and the coins will become very scarce, because most of the people buying now are true believers in a $1+ valuation.

[freebird]

I've been trying out leaserig.net tonight. I have to say, I'm kinda pleased with it.

Yes, I understand that it's cheaper to buy them from Allcrypt than to buy a lease and mine them with the difficulty where it is. But I'm delusional and want to put my money to work getting the hash power going again so the coming drop in difficulty doesn't exacerbate the whip-sawing situation we are facing right now... If that means I pay more for each  §, then so be it and ya'll can feel free to call me an idiot as well as delusional.  

It's just that I don't intend to sell until much, much higher so I'm willing to pay 1.5 cents per coin just as quickly as I'm willing to pay 0.5 cents per coin. A year from now when it's trading at $1, am I really going to regret that decision? I don't think so.  

+1

[vipgelsi]

Turn those machines back on!

[corather]

What do you guys make of all those §50,000 buy orders that showed up this morning? It has to be just one person. It adds up to over $3000. If he/she had done a market order with that instead, the price would have tripled. 

With the difficulty where it is, there are no new coins gonna be added to the market for another 42 hours unless some hashing power comes back. And nobody is dumping. Hmmm. Could be an interesting couple of days! Or a standstill. 

Wouldn't have actually tripled though. Prices of anything are only subject to what someone is willing to pay for something. If someone put a buy order in for 3k "photons" (hah), then at that moment it would be worth 3k "photoshi's"

In either case it's way undervalued at the moment and all this clever difficulty manipulation is only increasing the value over time, but only temporarily once those issues are resolved.

[corather]

Hi solarcoin community, I am EnergyCoin dev team member. And just noticed that solarcoin is stuck on high difficulty. I would like to help fix your difficulty problems. I know very well how to code, and another guy knows how to compile!

If you're interested let me know and I'll be happy to help you fix your coin problems.

++1

Why other coin's dev should help main solarcoin's dev?
I also want to have retarget BITCOIN difficulty cause is to high. Could you help me?

you don't understand cryptocurrencies. they aren't for devs and they aren't to be owned by devs. it is open source software and managed by communities, rather than one person. You cant rely on one person for everything.

I am okay if you don't really like someone helping you. Have fun.

EDIT:
And bitcoin IS STILL MANAGED by developers on here. Even if satoshi is not here doesn't mean we can let bitcoin just be dead or hacked. This is exactly why bitcoin is alive and will remain alive. Is because its open source software and backed by community.

I know...i was kidding.
You have to know that most of us already ask to solarcoin dev's to change the algorytm in x11 to prevent as much as possible asic coming on the way. But we didn't recieve answer, or at least what we know is that solarcoin main score is not' mining, cause 99,9% is already pre-mine, but claim them by solar panel.

So, we appreciate your help. 

i dont understand the whole part of 'claim them by solar panel" does that mean it's manual. And you have to send your copies of papers or something to prove you own the equipments and then the dev team manually sends them solarcoins?

The granting process is manual at the moment, but that will change as technology is implemented. As far as the claiming process goes, for larger facilities there's logic being drafted and §SLR will be granted based on Nameplate capacity which is certified by the local institutions (I would assume local government) at the time of licensing. For smaller claims I don't have all the facts at the moment, something like verifiable meter readings and whatnot.

[Epiphany]

What do you guys make of all those §50,000 buy orders that showed up this morning? It has to be just one person. It adds up to over $3000. If he/she had done a market order with that instead, the price would have tripled. 

With the difficulty where it is, there are no new coins gonna be added to the market for another 42 hours unless some hashing power comes back. And nobody is dumping. Hmmm. Could be an interesting couple of days! Or a standstill. 

Wouldn't have actually tripled though. Prices of anything are only subject to what someone is willing to pay for something. If someone put a buy order in for 3k "photons" (hah), then at that moment it would be worth 3k "photoshi's"

In either case it's way undervalued at the moment and all this clever difficulty manipulation is only increasing the value over time, but only temporarily once those issues are resolved.

A market order with 8 bitcoins would have tripled the price as it would have eaten up all the sell orders that were posted on Allcrypt at the time I was checking that out. I wish they'd add a cumulative BTC column so I wouldn't have to keep adding up all the different orders. I should bring that up and see if he can implement it.

You are correct in terms of a limit order.

I see all those 50,000 bids are gone this morning though and one big one for 100,000 solars is sitting there at 1090 sats.

[freebird]

I see all those 50,000 bids are gone this morning though and one big one for 100,000 solars is sitting there at 1090 sats.

I wonder if those 50,000 bids were fake, i.e. some miner wanting to sell at a higher price, trying to get the real buyers to increase their bids as a reaction to seeing so much buying interest on the book.

In any case, it seems to me that around 800 to 1000 sat is the rock-bottom price. I can't see it going much lower than that, because of the higher cost of mining the coin and the Foundation's interest in preventing a hung coin. Let's all hope the developer can implement KGW or some other technical fix ASAP.

[deathmul]

Order of over 50,000 SLR is mine. I try to buy Solars during last 2 week, but my order never is completed. I tried really every combination of price and number of bids. I think that almost all trades on Allcrypt are fake because it's impossible!

[vipgelsi]

Order of over 50,000 SLR is mine. I try to buy Solars during last 2 week, but my order never is completed. I tried really every combination of price and number of bids. I think that almost all trades on Allcrypt are fake because it's impossible!

Its called hitting the ask i do it a few times a week