[ANN][GRE] GreenCoin | On Bittrex now!

[btc-mark]

Hi,
I'm Mark @ AllCoin.com

What's wrong, our wallet always blocked and has no connections.

Please give me some stable nodes.

[ncsupanda]

Hi,
I'm Mark @ AllCoin.com

What's wrong, our wallet always blocked and has no connections.

Please give me some stable nodes.

For stability, you should pull the latest release of GreenCoin.

Code:

[
{
"addr" : "211.99.134.28:2094",
"services" : "00000003",
"lastsend" : 1416407170,
"lastrecv" : 1416407170,
"bytessent" : 44805,
"bytesrecv" : 1149383,
"blocksrequested" : 0,
"conntime" : 1416407105,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225182,
"banscore" : 0,
"syncnode" : true
},
{
"addr" : "89.248.172.172:55105",
"services" : "00000003",
"lastsend" : 1416407175,
"lastrecv" : 1416407170,
"bytessent" : 42192,
"bytesrecv" : 516482,
"blocksrequested" : 0,
"conntime" : 1416407133,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225182,
"banscore" : 0
},
{
"addr" : "104.200.29.35:11036",
"services" : "00000003",
"lastsend" : 1416407170,
"lastrecv" : 1416407170,
"bytessent" : 19402,
"bytesrecv" : 309264,
"blocksrequested" : 0,
"conntime" : 1416407137,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : false,
"startingheight" : 225182,
"banscore" : 0
},
{
"addr" : "54.193.113.180:35656",
"services" : "00000003",
"lastsend" : 1416407170,
"lastrecv" : 1416407170,
"bytessent" : 996022,
"bytesrecv" : 36777,
"blocksrequested" : 723,
"conntime" : 1416407147,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 224460,
"banscore" : 0
},
{
"addr" : "104.131.126.211:45307",
"services" : "00000003",
"lastsend" : 1416407180,
"lastrecv" : 1416407170,
"bytessent" : 21538,
"bytesrecv" : 183195,
"blocksrequested" : 0,
"conntime" : 1416407155,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225182,
"banscore" : 0
},
{
"addr" : "115.231.98.98:31917",
"services" : "00000003",
"lastsend" : 1416407180,
"lastrecv" : 1416407184,
"bytessent" : 20659,
"bytesrecv" : 168415,
"blocksrequested" : 0,
"conntime" : 1416407158,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225182,
"banscore" : 0
},
{
"addr" : "88.198.34.136:11036",
"services" : "00000003",
"lastsend" : 1416407178,
"lastrecv" : 1416407170,
"bytessent" : 2305,
"bytesrecv" : 32353,
"blocksrequested" : 0,
"conntime" : 1416407159,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : false,
"startingheight" : 225182,
"banscore" : 0
},
{
"addr" : "84.236.137.139:59353",
"services" : "00000003",
"lastsend" : 1416407184,
"lastrecv" : 1416407188,
"bytessent" : 202092,
"bytesrecv" : 156029,
"blocksrequested" : 266,
"conntime" : 1416407163,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 36513,
"banscore" : 0
},
{
"addr" : "104.131.115.250:49794",
"services" : "00000003",
"lastsend" : 1416407170,
"lastrecv" : 1416407180,
"bytessent" : 13467,
"bytesrecv" : 52641,
"blocksrequested" : 0,
"conntime" : 1416407166,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225183,
"banscore" : 0
},
{
"addr" : "24.125.232.104:38604",
"services" : "00000003",
"lastsend" : 1416407170,
"lastrecv" : 1416407170,
"bytessent" : 11088,
"bytesrecv" : 15059,
"blocksrequested" : 0,
"conntime" : 1416407169,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225183,
"banscore" : 0
},
{
"addr" : "24.125.232.104:40985",
"services" : "00000003",
"lastsend" : 1416407174,
"lastrecv" : 1416407175,
"bytessent" : 10162,
"bytesrecv" : 224,
"blocksrequested" : 0,
"conntime" : 1416407173,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225183,
"banscore" : 0
},
{
"addr" : "108.220.66.240:55685",
"services" : "00000003",
"lastsend" : 1416407180,
"lastrecv" : 1416407177,
"bytessent" : 10217,
"bytesrecv" : 224,
"blocksrequested" : 0,
"conntime" : 1416407177,
"version" : 70006,
"subver" : "/Leaf:0.9.1/",
"inbound" : true,
"startingheight" : 225183,
"banscore" : 0
}
]

Here are a number of nodes direct from a node of ours.

[iHashFury]

Hi,
I'm Mark @ AllCoin.com

What's wrong, our wallet always blocked and has no connections.

Please give me some stable nodes.

Just started greencoind on my server. It should help the greencoin network.

Code:

addnode 188.226.195.137:11036 add

[Freenhult]

Proof of paying for Bittrex spotlight:

https://blockchain.info/tx/6b1af8dcd0ce5b96b362c2e3c0df2b249d8cbf9abf6d44af8cfb69fb278c08bb

Added soon.

That's great. Expecting a price jump to 3 digit Sat.

That'd be great, but I really doubt that. Value will pick up when there is a place to spend GRE, something that I've been saying for all coins for quite some time. However, I have a lot of faith in Chris and Panda to get this there.

The biggest hurdle that we face is having a payment processor - the people with the available resources to make a specific processor for GreenCoin aren't willing to help at all, so we are forced to work from scratch. However, we currently have other things lined up before that can happen.

First thing is to create online wallets where the users own the private keys - This will allow for our affiliate program to be carried out from grcoin.com as now users other than producers would be able to sign up.

We should talk some night when you have time. I might know what to do

[biodieselchris]

GreenCoin incentives could really help here:
http://www.bloomberg.com/news/2014-11-19/cheap-electricity-for-poor-squeezing-out-solar-in-india.html

[biodieselchris]

Have a solar array or know someone who does? The next 10 Producer sign-ups will receive 0.1 BTC bounty.

Rules:
- You must have a renewable energy system (e.g., home or small business solar array tied to the grid) in order to be a GreenCoin producer.
- Go to grcoin.com and sign up.
- I will email you to finish the registration process. This requires verifying your solar array and getting your initial meter reading and GRE addy
- After submitting your first 5 meter readings (minimum of 5 days) I will ask for you BTC addy and send the bounty
- Mention this post (or link to it) as bounty verification

GreenCoin is a reward for renewable production, such as solar energy, that you receive for free daily. And now the next 10 sign-ups get 0.1 BTC just for signing up! Bitcoin and GreenCoin, why not?!?!

0.1 BTC! Join GreenCoin now!

10. 0.1 BTC Sign-up Bounty PAID allcoinminer txid: 97377cf974c165da74cc85644770503b1b1164c95f215f621f3e38ce161f2ea2
9.  0.1 BTC Sign-up Bounty PAID iHashFury, txid: cc363e3e12b90b881299275077b78c124f2a78cfef9f1b50268117929654eb08
8. 0.1 BTC Sign-up Bounty
7. 0.1 BTC Sign-up Bounty
6. 0.1 BTC Sign-up Bounty
5. 0.1 BTC Sign-up Bounty
4. 0.1 BTC Sign-up Bounty
3. 0.1 BTC Sign-up Bounty
2. 0.1 BTC Sign-up Bounty
1. 0.1 BTC Sign-up Bounty

Still 8 more left!!! Sign up your renewable system with GreenCoin today!

[biodieselchris]

We are considering initiating an affiliate program to help GreenCoin expand and grow. Currently how GreenCoin works:

A block award is split between the Foundation and the winning miner 50%/50%. All of the Foundation's 50% awarded coins are given to Producers daily based on their net carbon offset as calculated by the foundation (currently 0.481 kg CO2 per kWh solar electricity and 7.167 kg CO2 per gallon pure biofuel).

The affiliate program would work as follows:
- The 50% split for miner/Foundation remains the same (this is hard coded into the coin)
- The Foundation would award 90% of the coin directly to Producers as is done now, and 10% to Affiliates in a 3 Tiered system. A direct referral (Tier 1) receives 6% of their referred's production coins, a secondary referral (the referred of your referred) you would receive 3% of their Production coins, and 1% for Tier 3.
- All Producers will become Affiliates by default, however, an Affiliate-Only is a new type of user that can receive coins. This is the first type of user that is not a miner or Producer that can receive coins. However, we feel that incentivizing Affiliates to expand the network is a very good use of coins.

We welcome feedback. Given the community is still rather small I think we can come to an accord on whether this is a good idea and good use of future coins, and can move forward based on that feedback. We have 16 producers so a majority of 9 votes is needed to implement the system. The Foundation officially recommends implementing the new system. There will be a cost involved however, and I am currently looking into the costs (so what I am saying here is even if the system gets voted in, I might not be able to afford it but I'm trying my best. GRE has already cost me >$20k.)

Having an affiliate program sounds like a good idea to me!  I think that having incentive payments for anything that helps improve the environment, reduce pollution, and promote the shift to clean sustainable energy fits.

I have been working out of my house and biking as much as possible to try to reduce my carbon footprint – I'm not sure if that counts towards the type of things that might qualify for affiliate payments but I might be interested if the program is started.

I'm trying to promote alt coins in general by getting involved in the communities and trying things like proof of biking (PoB).  https://bitcointalk.org/index.php?topic=820255 The ideas was to get a donation pot of coins together that bike riders could earn.  I think the next step might be to develop an android application that adds coin weight to coin blocks based on the time a person spends riding a bike or hiking.  I'm not sure of how exactly this would work but I'm just throwing it out there for ideas.   Perhaps affiliate payments could be based partially on PoB block rewards – is an android wallet still in the plans?

To be really “green” I think that if we look at cryptocoins as a whole if we can do more to promote and build value in existing coins, we can prevent wasted energy and effort.  To me, community building and affiliate programs are very important, when you think about it there is really no scarcity in cryptocoins but finding and maintaining good communities that build real lasting value in them is difficult.

One other issue – I haven't been able to synch for the last seven hours, everything was working well before.  (For the past three days – I'm new to this coin)  I'm connecting to a single node 168.63.241.137 that drops me intermittently – any ideas? I've tried deleting the block chain, peers.dat, and have the listed nodes in the config file. I built the wallet from the current source code and run it under Ubuntu 14.04.

Lightsplasher I've been thinking about your post for awhile and I like the concept and watched your PoB videos. I cannot agree with you more that the community element in cryptos is a very difficult and critical piece to a successful ecosystem. I think ncsupanda and I have built a good coin and a functioning (albeit kinda rough-around-the-edges) website for Producers to log in and add their readings, but the exposure ("getting out there") and community aspects continue to remain a challenge.

When it comes to the CO2 aspect of GreenCoin, it is very mathematical. I think it is awesome to get people out biking for the health benefits alone, but there is a challenge in capturing this in our carbon emission offset calculations. Conservation (e.g., biking to work and not driving) is hard to prove because simply you may have not driven in the first place, and conservation comes with its own financial reward in that it reduces costs. Producing electrical power with solar versus coal comes with no financial reward (save gov't incentives): an electron on the grid is an electron on the grid regardless of how it was produced. GreenCoin is a production incentive; a way to produce something, like a kWh of electrical power, at some reduced-carbon output versus a canonical average and then receiving GreenCoins as a credit for the difference. As another example, if you had a ream of stationary bikes at a gym and they were churning out electrical power, certainly those riders would get credit for their production, as well as having all of the wonderful health benefits.

As I said I like the overall concept and you seem to have a mechanism in place that already that kind of works with taking donated coins and distributing them to a community of PoB submitters. I'd be happy to help out with coins for another one of your campaigns, say 500,000 GRE (as opposed to handing out magi one time) if that sounds interesting to you.

On a personal note I'm a long distance runner and tried biking when I was injured once. I bought a bike and literally used it once in 9 years. It's just not my thing. So I also like the idea of PoR as well as PoB ... just a thought ...  

[picolo]

Proof of paying for Bittrex spotlight:

https://blockchain.info/tx/6b1af8dcd0ce5b96b362c2e3c0df2b249d8cbf9abf6d44af8cfb69fb278c08bb

Added soon.

That's great. Expecting a price jump to 3 digit Sat.

That'd be great, but I really doubt that. Value will pick up when there is a place to spend GRE, something that I've been saying for all coins for quite some time. However, I have a lot of faith in Chris and Panda to get this there.

The biggest hurdle that we face is having a payment processor - the people with the available resources to make a specific processor for GreenCoin aren't willing to help at all, so we are forced to work from scratch. However, we currently have other things lined up before that can happen.

First thing is to create online wallets where the users own the private keys - This will allow for our affiliate program to be carried out from grcoin.com as now users other than producers would be able to sign up.

Developers are developing their own ideas or getting a big salary for their time

Maybe work on the MAC wallet as well. I have 100k on one; it's very cool it's on bittrex now : https://bittrex.com/Market/?MarketName=BTC-GRE

[Lightsplasher]

We are considering initiating an affiliate program to help GreenCoin expand and grow. Currently how GreenCoin works:

A block award is split between the Foundation and the winning miner 50%/50%. All of the Foundation's 50% awarded coins are given to Producers daily based on their net carbon offset as calculated by the foundation (currently 0.481 kg CO2 per kWh solar electricity and 7.167 kg CO2 per gallon pure biofuel).

The affiliate program would work as follows:
- The 50% split for miner/Foundation remains the same (this is hard coded into the coin)
- The Foundation would award 90% of the coin directly to Producers as is done now, and 10% to Affiliates in a 3 Tiered system. A direct referral (Tier 1) receives 6% of their referred's production coins, a secondary referral (the referred of your referred) you would receive 3% of their Production coins, and 1% for Tier 3.
- All Producers will become Affiliates by default, however, an Affiliate-Only is a new type of user that can receive coins. This is the first type of user that is not a miner or Producer that can receive coins. However, we feel that incentivizing Affiliates to expand the network is a very good use of coins.

We welcome feedback. Given the community is still rather small I think we can come to an accord on whether this is a good idea and good use of future coins, and can move forward based on that feedback. We have 16 producers so a majority of 9 votes is needed to implement the system. The Foundation officially recommends implementing the new system. There will be a cost involved however, and I am currently looking into the costs (so what I am saying here is even if the system gets voted in, I might not be able to afford it but I'm trying my best. GRE has already cost me >$20k.)

Having an affiliate program sounds like a good idea to me!  I think that having incentive payments for anything that helps improve the environment, reduce pollution, and promote the shift to clean sustainable energy fits.

I have been working out of my house and biking as much as possible to try to reduce my carbon footprint – I'm not sure if that counts towards the type of things that might qualify for affiliate payments but I might be interested if the program is started.

I'm trying to promote alt coins in general by getting involved in the communities and trying things like proof of biking (PoB).  https://bitcointalk.org/index.php?topic=820255 The ideas was to get a donation pot of coins together that bike riders could earn.  I think the next step might be to develop an android application that adds coin weight to coin blocks based on the time a person spends riding a bike or hiking.  I'm not sure of how exactly this would work but I'm just throwing it out there for ideas.   Perhaps affiliate payments could be based partially on PoB block rewards – is an android wallet still in the plans?

To be really “green” I think that if we look at cryptocoins as a whole if we can do more to promote and build value in existing coins, we can prevent wasted energy and effort.  To me, community building and affiliate programs are very important, when you think about it there is really no scarcity in cryptocoins but finding and maintaining good communities that build real lasting value in them is difficult.

One other issue – I haven't been able to synch for the last seven hours, everything was working well before.  (For the past three days – I'm new to this coin)  I'm connecting to a single node 168.63.241.137 that drops me intermittently – any ideas? I've tried deleting the block chain, peers.dat, and have the listed nodes in the config file. I built the wallet from the current source code and run it under Ubuntu 14.04.

Lightsplasher I've been thinking about your post for awhile and I like the concept and watched your PoB videos. I cannot agree with you more that the community element in cryptos is a very difficult and critical piece to a successful ecosystem. I think ncsupanda and I have built a good coin and a functioning (albeit kinda rough-around-the-edges) website for Producers to log in and add their readings, but the exposure ("getting out there") and community aspects continue to remain a challenge.

When it comes to the CO2 aspect of GreenCoin, it is very mathematical. I think it is awesome to get people out biking for the health benefits alone, but there is a challenge in capturing this in our carbon emission offset calculations. Conservation (e.g., biking to work and not driving) is hard to prove because simply you may have not driven in the first place, and conservation comes with its own financial reward in that it reduces costs. Producing electrical power with solar versus coal comes with no financial reward (save gov't incentives): an electron on the grid is an electron on the grid regardless of how it was produced. GreenCoin is a production incentive; a way to produce something, like a kWh of electrical power, at some reduced-carbon output versus a canonical average and then receiving GreenCoins as a credit for the difference. As another example, if you had a ream of stationary bikes at a gym and they were churning out electrical power, certainly those riders would get credit for their production, as well as having all of the wonderful health benefits.

As I said I like the overall concept and you seem to have a mechanism in place that already that kind of works with taking donated coins and distributing them to a community of PoB submitters. I'd be happy to help out with coins for another one of your campaigns, say 500,000 GRE (as opposed to handing out magi one time) if that sounds interesting to you.

On a personal note I'm a long distance runner and tried biking when I was injured once. I bought a bike and literally used it once in 9 years. It's just not my thing. So I also like the idea of PoR as well as PoB ... just a thought ...  

Thanks for your post, generous offering and for watching my videos Biodieselchris! 

You bring up some very good points about the difficulty in tracking conservation and the lack of direct financial incentives to clean power production.  I think this is very much an issue with market economies as we have known them traditionally.  The nice thing about crypto in my mind is that we can try all kinds of new and different things as a testing ground – thanks for your support around the PoB concept.

From the PM we exchanged it sounds like the first GRE PoB campaign will run from Monday December 1 to Sunday December 7.  I'll post details soon to PoB topic https://bitcointalk.org/index.php?topic=820255 for anyone interested in signing up.  Additionally, unless there is a sudden run on GRE on the exchange I'll pledge an additional 55,555 GRE bringing the current total pot to 555,555 GRE.  It should be fun / magical!

On a personal note too I used to be a runner / bike rider until I started training for a 10K and messed up my knee.  If I use barefoot running shoes and take it really easy I can still do a few miles - PoR, PoB... here we come...

[kbroadfoot]

Since GRE is now on Bittrex all you scrypt miners can now mine LTC profit switching at simplemulti with a greencoin payout...
It might be a good idea to put a little buy pressure on GRE....

Just an idea...

[ncsupanda]

Feeling generous - time for a 460,000 GRE giveaway.

The first 10 people to post to this thread with an idea for GreenCoin, be it a direction we should go or any helpful suggestions, will get 46,000 GRE. Just be sure to PM me your GreenCoin address.

I'll be sending this out at the end of the night. Only rule: No newbies! Must be at least a Jr. Member. Also, you probably shouldn't dump them if you want the coin to have value. Just saying.

AND GO.

[Stinky_Pete]

Seems to me that you need more producers. Even with the bounty there are not more people joining. Probably need to make more noise in the forums for other green/low-energy forums. Perhaps get some sort of cross-posting agreement? What sort of relationships are there between the different coins?

I thought we were banned from posting address on this forum in a giveaway thread - too much 'spam' for everyone else.

[Lightsplasher]

Seems to me that you need more producers. Even with the bounty there are not more people joining. Probably need to make more noise in the forums for other green/low-energy forums. Perhaps get some sort of cross-posting agreement? What sort of relationships are there between the different coins?

I thought we were banned from posting address on this forum in a giveaway thread - too much 'spam' for everyone else.

I think you are right Stinky_Pete I would suggest we post our ideas here and then send ncsupanda a PM with the address just to be within forum guidelines – if that sounds good ncsupanda?  I personally don't view this type of thing in the same way a giveaway where your just posting an address with no other input.  It feels more like a bounty to me where your putting out some ideas and getting paid for your effort.

In addition to the PoB/PoR campaign (I have a personal biases towards that) I would suggest that some type of graphical contest would be fun.  There are some really creative things that people have been doing recently.  I'll try to make some type of sample of what I'm thinking soon.  (Soon in Lightsplasher time can be a bit hard to quantify)

Perhaps even thinking about adding PoS at a low rate and lowering the dependency on PoW to hold down the block chain.  Using PoS is a very economical low power way of securing the chain without dilution from payment to scrypt mining and low rate PoS coins tend to hold value better with less price fluctuation imho.  Just a thought.

[ncsupanda]

Seems to me that you need more producers. Even with the bounty there are not more people joining. Probably need to make more noise in the forums for other green/low-energy forums. Perhaps get some sort of cross-posting agreement? What sort of relationships are there between the different coins?

I thought we were banned from posting address on this forum in a giveaway thread - too much 'spam' for everyone else.

You'd be surprised in the lack of interest in forming relationships that some altcoins have. Also, we work very hard to sign new producers. One of the biggest issues is that the system isn't FULLY automated yet. That's a feature we are currently working on.

Seems to me that you need more producers. Even with the bounty there are not more people joining. Probably need to make more noise in the forums for other green/low-energy forums. Perhaps get some sort of cross-posting agreement? What sort of relationships are there between the different coins?

I thought we were banned from posting address on this forum in a giveaway thread - too much 'spam' for everyone else.

I think you are right Stinky_Pete I would suggest we post our ideas here and then send ncsupanda a PM with the address just to be within forum guidelines – if that sounds good ncsupanda?  I personally don't view this type of thing in the same way a giveaway where your just posting an address with no other input.  It feels more like a bounty to me where your putting out some ideas and getting paid for your effort.

In addition to the PoB/PoR campaign (I have a personal biases towards that) I would suggest that some type of graphical contest would be fun.  There are some really creative things that people have been doing recently.  I'll try to make some type of sample of what I'm thinking soon.  (Soon in Lightsplasher time can be a bit hard to quantify)

Perhaps even thinking about adding PoS at a low rate and lowering the dependency on PoW to hold down the block chain.  Using PoS is a very economical low power way of securing the chain without dilution from payment to scrypt mining and low rate PoS coins tend to hold value better with less price fluctuation imho.  Just a thought.

I've changed it to "PM me your GreenCoin address".

We've thought of PoS in the past, but haven't had any kind of mathematical proof of why we should go that direction. Can you provide some?

[kbroadfoot]

You are doing the producer section and the mining section well..

Is there anyway some of us could have a third option....  recycling/community clean-up/volunteer efforts... etc?

It would be great to be able to earn some GRE in other environment friendly ways...

Trees remove CO2 from the air..... how about re-forestation efforts? Simply planting some trees?

Planting trees is something I could do....

I know the difficulty is determining the truth of these things... perhaps a GreenCoin Committee to look into the veracity of these efforts...


Also we need to be able to buy stuff ( obviously ) so we need to get some folks involved with merchant acceptance....

And lastly donating to candidates from any country who is green friendly..

In case I qualify for a 'prize' I will PM my GRE address

Thanks...

[Truckfarmer]

sup guys,

busy reading through the thread right now. i'm excited about what i've read so far. but i do have a lot of tough questions to ask...for now just want to introduce myself and say hello...back with more later

ps - i'm a former NC A&T student...been reading/discussing about sustainable energy since maybe 2003.

[ncsupanda]

Please vote for GreenCoin to be on this exchange!

https://askcoin.net/votes

[Lightsplasher]

...

We've thought of PoS in the past, but haven't had any kind of mathematical proof of why we should go that direction. Can you provide some?

Boy talk about fast!  I sent a PM and bang there's the GRE, a sharp contrast to trying to get fiat onto the exchange to buy some bitcoin; thanks ncsupanda!

As for PoS - it is hard to come up with any mathematical proof but there are some pretty good swags I can put out there for considering.  From my experience the coins that retain their value or grow mint coins at a rate that is somehow sustainable by the value the community that adopts that coin can sustain.  There's too many factors to consider mathematically without some analysis of variance design experiment laced with economic theory type jargon. 

One thing you should consider is that every time you create a block of coins using PoW you are making new coins - the value of which is going primarily to the miner for running what is turning into collectively a very large power hungry system with more computing power than is required for the security of the block chain.  That miner may not really value the coins that much if they are made as a side effect of going after coins that they are typically mining and pools may dump the coin just to pay out in a coin the miner wants.  Somethings got to eventually pay for that value or the coin will gradually go down in price.

People talk about PoS as having an “interest rate” and most people think that the compounding effect will cause issues.  My view is that it is more like vesting interest in the coin and if you don't trade out  your newly minted PoS coins, your percent of the total market cap of the coin will grow as the coin grows.  This is more like a worker owned cooperative where people who retain the coin have an interest is seeing it grow.  The danger is that if the coin is not dispersed widely enough during the PoW phase the coin can degenerate into a bunch of large bag holders trading back and forth between each other.

I guess my basic thoughts on this is that if your coin value is dripping down faster than you like you are likely putting coins out faster than the community that uses or produces that coin is growing or have some technical issue that is reducing investment.  If that is the case it might be a good option to lower the PoW block reward, add PoS or do something more to build community and coin adoption.  PoS coin blocks can be minted on basically any computer with minimal CPU power and if your goal is to produce a working secure block chain with minimal carbon footprint it makes sense to me to add PoS and restrict PoW. (Just my opinion)

I've been thinking about writing a more detailed article on how PoS works and I might do that... soon.  I can add some more specific technical suggestions but perhaps people will fall fast asleep. 

[Truckfarmer]

WARNING: Not thru reading the thread yet.

But...this seems like a good place to jump in. I've been watching cryptos since bitcoin's first bubble, with that being said a lot of the financial theory has gone in one ear and out the other. Mostly because I had no faith in this economic system to begin with. As bias as I am, I've tried to learn as much as possible about finances since getting involved (mining & purchasing crypto) last winter. Mostly I tend to view crypto plainly, as digital commodities. I want to say above all else I appreciate the effort of the devs and the community here. This community has the potential to be fundamentally different from others simply because people getting involved either give a shit about the environment already, or will at the minimum be forced to consider it for a fleeting second when trading this coin. The devs seem like regular dudes, which is a good thing!

The initial concern I have is solar power. I hate to be the one to harpoon it like this but solar is overrated in my opinion. Lucky for you guys, that's somewhat good news because you aren't called SolarCoin.To me, when I look at the problems/tasks this society is faced with, solar power alone just can't mitigate those problems. With current technology it's not scalable at all. For example in the US, if we scaled solar grids up to our needs we wouldn't have anything to eat because it would take up 35-40% of total arable farmland. Unfortunately most places are not sunny deserts. Even many oceans, like those in the seas near Germany or Denmark, do not have sun and wind 24/7. Where are you going to put these things?

Now before I get accused of being a right winger...lemme just say...I am 100 million% a supporter of clean & green renewable energy...but I am also scientific. In the beginning you guys had a graphic with a large array. If I understood it correctly, it shows that the solar panels blow the power company out of the water in terms of efficiency. I'm not saying they don't. We just have to put into perspective how truly fucked and inefficient coal-based electricity is...

This is a good time to point out that some of the numbers you guys have been throwing out there are on the super conservative side...here are two sources showing 39-41% of US electricity usage is backed by fossil fuel power...to me that puts global carbon emissions from electricity higher than the 25% figure that was thrown out earlier...anyways...

http://www.eia.gov/tools/faqs/faq.cfm?id=77&t=11
http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=alltypes&aid=12&cid=regions&syid=2008&eyid=2011&unit=BKWH

From here on it gets grey for me...I'm not sure yet what all this means for you guys. One point I hope that shines through is to not put all your eggs in the solar basket. Look at how it's kicking Germany in the ass right now. We simply have better ways of heating shit up to make steam energy to power our toasters with ie fourth and fifth gen nuclear, integral fast reactors, etc. This is way France is the world leader in power and energy sufficiency...

One thing people are correct to point out is the inherent downward pressure on this coin. All cryptos have pressure to behave like digital gold and in GreenCoin's case, your digital gold happens to be worth $12 a metric ton. A large array like the one shown in the graphic will save 0.4 tonnes of CO2 emission a year, the equivalent of maybe $5. So where will the value in GreenCoin come from? There is more value in saving our planet than in CO2 trading, clearly. But the question remains if half a metric ton of prevented CO2 emissions a year per every two or three people WOULD save the planet?

[ncsupanda]

WARNING: Not thru reading the thread yet.

But...this seems like a good place to jump in. I've been watching cryptos since bitcoin's first bubble, with that being said a lot of the financial theory has gone in one ear and out the other. Mostly because I had no faith in this economic system to begin with. As bias as I am, I've tried to learn as much as possible about finances since getting involved (mining & purchasing crypto) last winter. Mostly I tend to view crypto plainly, as digital commodities. I want to say above all else I appreciate the effort of the devs and the community here. This community has the potential to be fundamentally different from others simply because people getting involved either give a shit about the environment already, or will at the minimum be forced to consider it for a fleeting second when trading this coin. The devs seem like regular dudes, which is a good thing!

The initial concern I have is solar power. I hate to be the one to harpoon it like this but solar is overrated in my opinion. Lucky for you guys, that's somewhat good news because you aren't called SolarCoin.To me, when I look at the problems/tasks this society is faced with, solar power alone just can't mitigate those problems. With current technology it's not scalable at all. For example in the US, if we scaled solar grids up to our needs we wouldn't have anything to eat because it would take up 35-40% of total arable farmland. Unfortunately most places are not sunny deserts. Even many oceans, like those in the seas near Germany or Denmark, do not have sun and wind 24/7. Where are you going to put these things?

Now before I get accused of being a right winger...lemme just say...I am 100 million% a supporter of clean & green renewable energy...but I am also scientific. In the beginning you guys had a graphic with a large array. If I understood it correctly, it shows that the solar panels blow the power company out of the water in terms of efficiency. I'm not saying they don't. We just have to put into perspective how truly fucked and inefficient coal-based electricity is...

This is a good time to point out that some of the numbers you guys have been throwing out there are on the super conservative side...here are two sources showing 39-41% of US electricity usage is backed by fossil fuel power...to me that puts global carbon emissions from electricity higher than the 25% figure that was thrown out earlier...anyways...

http://www.eia.gov/tools/faqs/faq.cfm?id=77&t=11
http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=alltypes&aid=12&cid=regions&syid=2008&eyid=2011&unit=BKWH

From here on it gets grey for me...I'm not sure yet what all this means for you guys. One point I hope that shines through is to not put all your eggs in the solar basket. Look at how it's kicking Germany in the ass right now. We simply have better ways of heating shit up to make steam energy to power our toasters with ie fourth and fifth gen nuclear, integral fast reactors, etc. This is way France is the world leader in power and energy sufficiency...

One thing people are correct to point out is the inherent downward pressure on this coin. All cryptos have pressure to behave like digital gold and in GreenCoin's case, your digital gold happens to be worth $12 a metric ton. A large array like the one shown in the graphic will save 0.4 tonnes of CO2 emission a year, the equivalent of maybe $5. So where will the value in GreenCoin come from? There is more value in saving our planet than in CO2 trading, clearly. But the question remains if half a metric ton of prevented CO2 emissions a year per every two or three people WOULD save the planet?

For the more scientific answer to this, I leave that to biodieselchris - he has been the one to crunch the numbers and provide a more informative insight to solar power and also does our daily calculations.

What I can say, however, is that we aren't strictly focusing on Solar power. We also have a creator of biofuel already signed up as a producer. Notice the large spike in this graph: http://grcoin.com/pages/our_network
Because he can only yield biofuel after a certain period of time, he can only report that offset so often; and so he only gets paid so often.

I remember in talks with Chris we discussed one of our limiting factors being a readily available conversion from certain renewable energy sources to those of killowatt hours. Because of the specific way we split our coins (based on kgC02 offset) we have to do a conversion to a central unit so that we aren't comparing apples to oranges (kWh's to gallons of fuel).

Chris is on vacation for the time being, so I'm unsure of when he will be able to answer these questions, but know that I will definitely contact him to answer these sooner rather than later.