[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.), ?.

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[Tachyon2032]

I love seeing this: http://thenatureofvalue.com/bitcoin-solarcoin-accepted/ 

I got mine in the mail a couple of days ago, it's inscribed and everything! It's only the second book I've ever had signed by the author.

It is New Brunswick Day on Monday, so I can hopefully find some time to start reading it over this long weekend.

It's a really nice book, I was suitably impressed when I opened it.

Bought my copy of the book.  My first cryptocurrency purchase!

BTC: 14nAytauuGTsnWbGxDuropawgpgGyV8gGW | SLR §: 8X3PKaV8dpm6Rnw3PDteEoyN2pzv2oHy5S

[corather]

I liked mining SLR better when the difficulty was 1.

 

[passionsurf]

I liked mining SLR better when the difficulty was 1.

 

I was always looking to mine other coins when the diff rose to 1.
I liked it best at a diff of 0.25-0.5

[passionsurf]

I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price! 

[corather]

Network Info
Difficulty    51.67006474
Est Next Difficulty    51.81399249 (Change in 1403 Blocks)
Est. Avg. Time per Block    59 seconds
Current Block    270757

Hash rate 3,708 MH/s!

[IMJim]

Hope nobody minds but I sent a request to Bittrex asking them to remove the warning from SLR.  We have surpassed their requirements and time allotted.

[vipgelsi]

Hope nobody minds but I sent a request to Bittrex asking them to remove the warning from SLR.  We have surpassed their requirements and time allotted.

Good idea.

[IXC2XIC]

I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price! 

Right behind ya, picking up a few myself.  It seems like almost every alt is dumping right now.

Good luck!

[corather]

I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price! 

Right behind ya, picking up a few myself.  It seems like almost every alt is dumping right now.

Good luck!

I think it has something to do with Scrypt ASICS. There's a ton of hashing power now and a lot of bitcoin farming pools that convert alts into BTC. The trend will continue and probably get worse in the next 2 months. Get ready for some cheap LTC.

[Epiphany]

It's been a pretty dry weekend compared to the last one! 

[freebird]

I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price! 

Right behind ya, picking up a few myself.  It seems like almost every alt is dumping right now.

Good luck!

I think it has something to do with Scrypt ASICS. There's a ton of hashing power now and a lot of bitcoin farming pools that convert alts into BTC. The trend will continue and probably get worse in the next 2 months. Get ready for some cheap LTC.

Guess it's a good thing we're switching to PoS ASAP instead of waiting a few more months.

[freebird]

I appreciate the little bit of dumping today. I was able to pick up a few more coins for a good price! 

Me too. I'm happy to buy at these prices while coins are still available.

[freebird]

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.

[corather]

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.

[Youghoor]

yes we need a bounty program for further tech development, marketing, business outreach

[freebird]

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.

We might eventually transition away from staking interest and towards a transaction fee-based system for securing the network, like what NXT does. But that might be like a year or two down the road, after the coin has matured more and has a lot more users and transactions. (Edit: This is just my own personal opinion. I have no idea whether the Foundation might do this or not.)

[vipgelsi]

Can the board consider this

when the announcement is made to start to switch to pos.


Could we start that asap instead of say 2 weeks out from when the announcement is made since every week another 1.44 million solarcoins will he dumped by miners

[freebird]

Can the board consider this

when the announcement is made to start to switch to pos.


Could we start that asap instead of say 2 weeks out from when the announcement is made since every week another 1.44 million solarcoins will he dumped by miners

We want to do the fork at block 300,000 if our developer can get the work done by then. He's still doing some research before beginning the work, so we can't promise the fork will be at that block, but that's our goal.

[vipgelsi]

Can the board consider this

when the announcement is made to start to switch to pos.


Could we start that asap instead of say 2 weeks out from when the announcement is made since every week another 1.44 million solarcoins will he dumped by miners

We want to do the fork at block 300,000 if our developer can get the work done by then. He's still doing some research before beginning the work, so we can't promise the fork will be at that block, but that's our goal.

Thanks!