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Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 432638 times)
solarcoiner
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March 28, 2017, 10:03:58 AM
 #4881

Encourage solar power generation, will give the world a green.

Yes thats what this project is aiming for Smiley Welcome to the community!
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Scalextrix
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March 28, 2017, 11:25:04 AM
 #4882

I'm curious about your thoughts on how to balance wallet staking with security. While on the one hand, it seems advantageous to stake your entire wallet, but on the other hand, cold storage is the most secure way to protect against hackers. How risky is it for the larger wallet holders (esp. those over 100k in SLR) to be continually active staking all their coins? This might not be a large concern right now with a market cap of under $4 million, but as the value of SLR rises, then it might make more sense to choose security over staking. Thoughts?
If you have a strong wallet passphrase, what is the risk?  Im genuinely asking the question.

SolarCoin Address: 8cESoZyjFvx2Deq6VjQLqPfAwu8UXjcBkK
Gridcoin Address: SAuPu8zarzQykWLGwxc6JRvW3imM8YU9wc
solarcoiner
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March 28, 2017, 11:38:08 AM
 #4883

I'm curious about your thoughts on how to balance wallet staking with security. While on the one hand, it seems advantageous to stake your entire wallet, but on the other hand, cold storage is the most secure way to protect against hackers. How risky is it for the larger wallet holders (esp. those over 100k in SLR) to be continually active staking all their coins? This might not be a large concern right now with a market cap of under $4 million, but as the value of SLR rises, then it might make more sense to choose security over staking. Thoughts?
If you have a strong wallet passphrase, what is the risk?  Im genuinely asking the question.

Well yeah I guess if you have a VERY strong password the risk would be minimal.

Here is how I see it: Just like with bitcoin, the move value SLR gains the higher the chance that hackers will get a taste for Solarcoins. Remember hackers dont care. All they want is fast money. As of right now the Solarcoin project is still very small to say the least! However I do see this changing rapidly over time. A wallet with over 100k SLR could easily become worth a LOT. That would in effect attract hackers and give them more incentive to try and get access to SLR wallets.

In theory you should be pretty safe because a hacker would need your wallet.dat file and your password. But hey im not a hacker so I dont know the exact details of how it would be done. My point is the more value is kept in one place, the more attractive it will become for people trying to steal it. The main issue is the constant connection to the internet.

Im not too worried right now but I would love to see something similar to the account leasing function on NXT

Edit: And to be honest I dont see the price of BTC going down much further. I think its only up from here. Price was under 1000$ for a VERY short period Smiley looks like 1000$ is the new floor but its too early to tell. My point is I do expect SLR and BTC to continue rising in the near future. Nothing can stop Bitcoin :p
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March 28, 2017, 01:59:59 PM
 #4884

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.

Scalextrix
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March 28, 2017, 03:24:25 PM
 #4885

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.
I started wondering the other day why wallets dont offer 2FA like the exchanges are offering, I expect Google Authenticator isnt open sourced (I didnt look) but there must be an alternative

SolarCoin Address: 8cESoZyjFvx2Deq6VjQLqPfAwu8UXjcBkK
Gridcoin Address: SAuPu8zarzQykWLGwxc6JRvW3imM8YU9wc
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March 28, 2017, 04:41:34 PM
 #4886

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.
I started wondering the other day why wallets dont offer 2FA like the exchanges are offering, I expect Google Authenticator isnt open sourced (I didnt look) but there must be an alternative


2FA beware https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/&refURL=https://www.google.com/&referrer=https://www.google.com/

passionsurf
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March 28, 2017, 06:21:06 PM
 #4887

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.

Would I be correct to assume that if my wallet was running in an Apple environment rather than Windows environment, that my coins might be safer?
passionsurf
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March 28, 2017, 06:23:01 PM
 #4888

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.
I started wondering the other day why wallets dont offer 2FA like the exchanges are offering, I expect Google Authenticator isnt open sourced (I didnt look) but there must be an alternative


2FA beware https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/&refURL=https://www.google.com/&referrer=https://www.google.com/

I just read this Forbes article a few days ago. That is actually what prompted by initial question about wallet security.
vipgelsi
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March 29, 2017, 02:58:21 AM
 #4889

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.

Would I be correct to assume that if my wallet was running in an Apple environment rather than Windows environment, that my coins might be safer?

http://www.ibtimes.com/nope-apple-computers-arent-more-secure-windows-theyre-just-attacked-less-2334220

vipgelsi
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March 29, 2017, 03:00:05 AM
 #4890

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.
I started wondering the other day why wallets dont offer 2FA like the exchanges are offering, I expect Google Authenticator isnt open sourced (I didnt look) but there must be an alternative


2FA beware https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/&refURL=https://www.google.com/&referrer=https://www.google.com/

I just read this Forbes article a few days ago. That is actually what prompted by initial question about wallet security.

Yes same here.

solarcoiner
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March 29, 2017, 08:42:28 AM
 #4891

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.

Would I be correct to assume that if my wallet was running in an Apple environment rather than Windows environment, that my coins might be safer?

Yes your coins would be in a somewhat sefer environment
solarcoiner
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March 29, 2017, 08:44:03 AM
 #4892

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.

I dont think a antivirus is a must. In fact I think it will actually increase your risk of getting your coins stolen

Think about it. Its a program that scans all of your files 24/7 and sends info back to their LAB. Now you're not the only one who knows you have coins on your PC. A firewall is a must though

To be honest Kaspersky probably has the best hackers working for them (creating malware and viruses for consumers Machines). So NO I dont trust them. Just like I dont trust the gouvernment. They probablyhave a backdoor in their software
Solarama
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March 31, 2017, 10:14:42 AM
 #4893

SolarCoin (SLR)
[/b]

The only digital Proof of Work/Proof of Stake currency to date with a Solar Proof of Generation mechanism that grants SolarCoin to generators of clean renewable solar energy!


SolarCoin is an alternative digital currency with a built-in mechanism to incentivize the generation of global solar electricity. By simply mining until the PoW phase is complete and then staking SolarCoin holdings once 100% PoS is triggered while also exchanging SolarCoin (via real world use or trading on an exchange) just as you would any other digital currency, you are contributing to the development of clean renewable solar energy! Solar energy, unlike fossil fuels, does not place excess heat or carbon into the atmosphere. The creation of new renewable energy resources by SolarCoin results in a nearly carbon neutral mining footprint via the 100% Proof of Stake mechanism being created to secure the network.

§1 = 1 MWh is the key ingredient of the SolarCoin vision. In economics, this is called parity. It is the foundation of a global currency that can provide both economic utility (backed by electricity production as a commodity) and economic stability (electricity generation is tied very closely to GDP growth historically). The value of SolarCoin in the future will be directly related to the value placed on generating 1 MWh of solar electricity which has the same utility no matter where in the world it is produced. Please read the white paper written by the two co-founders for more detail on this economic aspect of the SolarCoin model.

SolarCoin will be a Proof of Stake based alternative digital currency. This hashing method is designed to secure and reward a community of holders who support the SolarCoin vision. But SolarCoin's true innovation comes from its secondary proof of work reward: the Solar Proof of Generation. Green solar energy producers are entitled to receive one SLR for every MWh of solar electricity they generate: §1 = 1 MWh. In order to claim a Solar Proof of Generation reward, solar installation owners must submit an application to The SolarCoin Foundation identifying the nameplate capacity of their system along with their geographic location. Using this information, a 15% formula is applied and SolarCoin is granted to the generator automatically every six months on the anniversary of their application. All Solar Proof of Generation rewards will be stored as transactions in the blockchain.

As an example, a 10 kW solar installation will earn §13.14 per year or approximately §1 per month, to be paid out automatically every six months. This is a temporary granting method until such time as the technology improves to the point that the grants can be made completely autonomous and fully decentralized, preferably through a decentralized contracting system. The goal and vision for SolarCoin in the future is to become a fully decentralized autonomous organization (DAO).

SolarCoin is currently managed as an open community project by volunteers working together as The SolarCoin Foundation. The Foundation is responsible for all distribution of SLR rewards for the Solar Proof of Generation and other grants (i.e. charities, bounties, etc..). As a fully transparent organization the Foundation will publicly document all of the SolarCoin transactions in their entirety via a public ledger and the SolarCoin blockchain.
Solarama
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March 31, 2017, 01:37:52 PM
 #4894

SOLARCOIN makes the final 6 at Blockshow Europe 2017

http://events.cointelegraph.com/start-up-competition/#1488630129851-b5b887f6-9a46
solarcoiner
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March 31, 2017, 02:59:29 PM
 #4895


Lets Go Solarcoin!!!  Grin To the sun
vipgelsi
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March 31, 2017, 03:10:55 PM
 #4896

Solarcoin great job!

solarcoiner
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April 01, 2017, 11:47:03 AM
 #4897


Lets Go Solarcoin!!!  Grin To the sun

Probably partially explains the recent boost in price. Maybe we'll see a repeat of what happened a year ago with the SLR market,
Just imagine if Solar Change wins the blockshow competition next week!

I believe we will see prices way above 1$! Fingers crossed! Just look at all the other shitcoins that have more supply and are traded at a higher price. A 100 BTC buy would catapult the price of SLR so high up it would make us dizzy  Tongue
N30
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April 01, 2017, 05:22:34 PM
 #4898

SLR DEv Team you all guys rock!
solarcoiner
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April 02, 2017, 09:13:55 AM
 #4899

SLR DEv Team you all guys rock!

Yes let's take the time to thank the SLR devs for all their efforts over the last couple of years. A BIG THANK YOU  Cheesy
Scalextrix
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April 02, 2017, 03:58:34 PM
 #4900

No matter how long your password is Your biggest risk is key loggers and mouse click captures. Windows virtual keyboard protects against none of these and gives a false sense of security it was only designed for ease of use.

Oxynger is not fool proof but cant hurt.

Free=  http://www.oxynger.com/

Review= http://www.ghacks.net/2013/10/19/anti-keylogger-software-oxynger-keyshield-review/

Of course a firewall and anti virus protection is a must.
I started wondering the other day why wallets dont offer 2FA like the exchanges are offering, I expect Google Authenticator isnt open sourced (I didnt look) but there must be an alternative


2FA beware https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/&refURL=https://www.google.com/&referrer=https://www.google.com/
Sure Im aware of that thanks, I use 2FA with an authenticator app and never use the text message or email types.  I suppose the app method it must have weakspots too (everything does), but unless they get your physical phone, and you dont notice, and they crack your long passphrase, its better than just a passphrase on its own.

SolarCoin Address: 8cESoZyjFvx2Deq6VjQLqPfAwu8UXjcBkK
Gridcoin Address: SAuPu8zarzQykWLGwxc6JRvW3imM8YU9wc
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