[ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)

[vipgelsi]

Regarding the "coinage" for stake. In the PoS 2.0 model this "coinage" has been removed from the staking equation and it now has been reduced to an 8 hour buffer period from which you receive your coins that you will start to stake... so if I sent you coins today, in 8 hours from you receiving them they are eligible for staking.  This is one of the advantages to PoS2.0 as now people are not encouraged to hoard coins for 30 day minimum in order to receive a staking reward.  Also, in order to stake a user MUST be connected and running node, otherwise your coins are not eligible for the staking pool.  While you are connected it is possible to encrypt your wallet and ONLY unlock it for staking purposes.  

When we are on PoS could you please post a guide on how to run a node?

[LuckyKey]

Regarding the "coinage" for stake. In the PoS 2.0 model this "coinage" has been removed from the staking equation and it now has been reduced to an 8 hour buffer period from which you receive your coins that you will start to stake... so if I sent you coins today, in 8 hours from you receiving them they are eligible for staking.  This is one of the advantages to PoS2.0 as now people are not encouraged to hoard coins for 30 day minimum in order to receive a staking reward.  Also, in order to stake a user MUST be connected and running node, otherwise your coins are not eligible for the staking pool.  While you are connected it is possible to encrypt your wallet and ONLY unlock it for staking purposes.  

When we are on PoS could you please post a guide on how to run a node?

+1


… or just prior to PoS 

[Cannacoin]

When you are connected to the network and running the QT wallet, you are then effectively acting as a node.  A node is simply a realay point in the network, you will act as a router for other peers by providing a list of IP's of your known peers as well as relay (or vice versa download) new block/transactions information so everyone can stay sync'd.

[freebird]

So is there any progress or work on getting this coin to solar companies? I guess who's in charge, is there team of people working actively on this coin, or is it passive?

New to this coin, and invested some, but would like to see if there is a roadmap, or plans that are active, and updated often in place?

The core team of people who are working actively on the coin are Nick Gogerty and Joseph Zitoli (cofounders), me, Epiphany, and the dev team which includes the Cannacoin/CannaShares devs as well as Justin Levinson. There are a few other people who are also involved as advisors, most notably David Khasidy and lfloorwalker, both of whom are solar industry professionals. The founders are both finance industry professionals.

The main priorities going forward into the foreseeable future are:
1. Fork to PoS (about a month from now).
2. Put reserve currency under smart contract for automated granting.
3. Outreach to solar companies, increase granting to solar generators, business adoption, etc.

[vipgelsi]

When you are connected to the network and running the QT wallet, you are then effectively acting as a node.  A node is simply a replay point in the network, you will act as a router for other peers by providing a list of IP's of your known peers as well as relay (or vice versa download) new block/transactions information so everyone can stay sync'd.

Sounds simply so thats it just download wallet and open it no special settings.

[Epiphany]

10 GHs! 

[vipgelsi]

10 GHs! 

Just saw that crazy.

[markymark]

10 GHs! 

Just saw that crazy.

Why is this significant? What is hashrate normally?

[vipgelsi]

Usually its under a ghs.

[Cannacoin]

Unless the code has been re-written for this coin, the process is as follows:-
You need to have mature coins in your wallet. You need to have your wallet running as a node (and so supporting the network) in order to gain 'coin-weight'. You should protect your wallet by encrypting it. Just owning coins in a wallet is not enough, the wallet has to run as a node (supporting the network) in order to gain 'coin-weight'. In the bottom right hand corner the padlock icon should be closed with tip-box stating The wallet is encrypted but locked.

To collect your coins you will need to open the wallet for 'staking' or 'minting' (not 'mining'). Some wallets have a button or setting which will do this for you, but I don't see one on wallet v1.5.0.0-beta. Instead you need to go Help -> Debug Window -> Console and enter the command "walletpassphrase <yourpassword> 180000" The number is time in seconds, you may prefer a longer time. Now the padlock icon should change to open, and the tip-box to The wallet is encrypted and currently unlocked. And that's all you need to do.

Of course what is going on behind the scenes is much more complicated. You will not get all your staked coins as soon as you unlock the wallet, it may take several hours until something happens. Your minted coins will probably not be in one transaction. The label may be confusing. There is an element of randomness involved in minting, just like there is an element of randomness with ordinary mining. Any % value you have been given is just the average expected over time. You will also see coins that appear to have come in but which never mature, consider these to be like orphans.

Unless the coin devs have included 'coin-control' there is another hidden pitfall. When you make a payment, some of your coins get sent to a 'change address' in your wallet. These coins will then need to mature as if they were new coins. Again, I don't see coin control in wallet v1.5.0.0-beta.

HTH

Just to be clear, coincointrol WAS added in version 1.5 and the updates for PoS are coming with a completely new wallet-QT for staking etc.. To find/enable coincontrol you need to go to your Preferences -> Dislpay and check the box that says "Display coin control features! (Expert Only!)"

[Stinky_Pete]

Unless the code has been re-written for this coin, the process is as follows:-
You need to have mature coins in your wallet. You need to have your wallet running as a node (and so supporting the network) in order to gain 'coin-weight'. You should protect your wallet by encrypting it. Just owning coins in a wallet is not enough, the wallet has to run as a node (supporting the network) in order to gain 'coin-weight'. In the bottom right hand corner the padlock icon should be closed with tip-box stating The wallet is encrypted but locked.

To collect your coins you will need to open the wallet for 'staking' or 'minting' (not 'mining'). Some wallets have a button or setting which will do this for you, but I don't see one on wallet v1.5.0.0-beta. Instead you need to go Help -> Debug Window -> Console and enter the command "walletpassphrase <yourpassword> 180000" The number is time in seconds, you may prefer a longer time. Now the padlock icon should change to open, and the tip-box to The wallet is encrypted and currently unlocked. And that's all you need to do.

Of course what is going on behind the scenes is much more complicated. You will not get all your staked coins as soon as you unlock the wallet, it may take several hours until something happens. Your minted coins will probably not be in one transaction. The label may be confusing. There is an element of randomness involved in minting, just like there is an element of randomness with ordinary mining. Any % value you have been given is just the average expected over time. You will also see coins that appear to have come in but which never mature, consider these to be like orphans.

Unless the coin devs have included 'coin-control' there is another hidden pitfall. When you make a payment, some of your coins get sent to a 'change address' in your wallet. These coins will then need to mature as if they were new coins. Again, I don't see coin control in wallet v1.5.0.0-beta.

HTH

Just to be clear, coincointrol WAS added in version 1.5 and the updates for PoS are coming with a completely new wallet-QT for staking etc.. To find/enable coincontrol you need to go to your Preferences -> Dislpay and check the box that says "Display coin control features! (Expert Only!)"

My bad. Apologies.

[freebird]

10 GHs! 

Very good to see this! People must want this coin badly, knowing that it's going to be harder and harder to get as the mining reward decreases.

[vipgelsi]

10 GHs! 

Very good to see this! People must want this coin badly, knowing that it's going to be harder and harder to get as the mining reward decreases.

Wait till we get near top of coinmarketcap.

[corather]

10 GHs! 

Very good to see this! People must want this coin badly, knowing that it's going to be harder and harder to get as the mining reward decreases.

I just find it amusing that this coin could be mined since around january, and I was getting thousands per day. Now it's being taken away and everyone wants a piece of the action all of the sudden. Of course the fine work by the canna devs and the solarcoin team have a lot to do with it also.

[Epiphany]

Now for a Sunday "big picture" distraction, let me present the following: from page 18/19 in the Deko paper Nick & Joe wrote in 2011 (pre-SolarCoin, link is in OP), think about it:

Chart 5 compares the annual percentage change in real (CPI adjusted) average prices of
U.S. Industrial Electricity to gold. Arguably, the greater price stability makes delivered
electricity a more stable store of value than gold; and in addition, electricity delivers a
functional utilitarian market price that drives directly economic activity.

The goal of a DeKo-backed currency is long term stability in the asset base, so that the
issued currency acts both as a store of value and as utility value. A store of value from a
citizen’s perspective is best measured in purchasing power. Purchasing power is the
number of goods/services that can be purchased with a unit of currency. Another way of
measuring value is utility value, which in economics is a measure of relative satisfaction.

The DeKo-backed currency forward asset value has two components: 1) the cost of
producing delivered kilowatt hours relative to substitute offers and 2) the utility value of
the delivered kilowatt hours. The dynamics of changes in electricity cost are driven by
technology improvements, innovations and fuel costs. The future utility value of kilowatt
hours delivered is a function of competing electrical suppliers and innovations related to
consumption value.

Electricity prices vary broadly depending on location, time of day, and other peak
demand related issues. These price fluctuations and variances are related to short term
localized geographic spikes. Localized electricity price variances are dealt with by
contracts using standardized terms for delivery and settlement over longer periods, similar
to how PPAs function today.

The historical price of electricity in real dollars has been fairly stable; while the social
utility has improved as electricity based innovations provide added value for consumers.
The yield or output of a debt-backed currency is more currency. In debt-backed currency
regimes, the purchasing power of the currency tends to decline over time due to inflation.
Inflation means the assets backing a debt-based currency have annual interest payments
and future principal repayments with a declining utility value.
 
From a monetary policy standpoint in the U.S., inflation adjusted electricity prices peaked
at the same time that a strong interest rate policy was being used to shrink inflation during
the Volker period at the Federal Reserve. The cost increases in real electricity rates
would have acted as a signal, if not an actual curb, on money issuance of a DeKo-backed
currency during the late 1970’s and early 1980’s (See Chart 6).

[vipgelsi]

Picked up a few today stnks that my buying power is down 10 fold from the price going up but its good for the coin in general.

[Epiphany]

Check this out: https://www.youtube.com/watch?v=378poNUJbrE

Might be SLR is added soon? Looks nice.

[Cannacoin]

Check this out: https://www.youtube.com/watch?v=378poNUJbrE

Might be SLR is added soon? Looks nice.

Yup, we're working on integrating SLR... coming VERY soon.

[corather]

Check this out: https://www.youtube.com/watch?v=378poNUJbrE

Might be SLR is added soon? Looks nice.

Yup, we're working on integrating SLR... coming VERY soon.

I want to thank you for working so hard on this. You're helping Solarcoin become a real brand, and making a huge name for yourselves as well at Cannacoin. I sent a small token tip earlier, trust me, there's more coming.

Status: 4666 confirmations
Date: 9/24/2014 22:54
To: CannaCoin Dev 8Q55kAuXekdrXH7BZbMKiVCuwksosiLxpD
Debit: -11.58160524 SLR
Transaction fee: -0.02 SLR
Net amount: -11.60160524 SLR
Transaction comment:
text:Tip from Corather. Awesome job on the wallet!
Transaction ID: b0d964e388217bc07721590cdc77df3630e3fcab3fa6b72a281338ad9637ea98

Did I send that to the right address?

[__kot__]

This is the first time, I see this coin and I find it very interesting.
One of very few not created to P&D.
Congratulations! I will follow you