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Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 441147 times)
terciops
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January 08, 2018, 06:29:55 PM
 #5621

backup wallet should work fine, it can take a while. On occasion, some people have had to hit the "reload blockchain" under the "file" menu. The extra 5000 coins may be due to interest earned even though you haven't actively staked. I'm not sure how the algo works exactly, but from my experience you seem to earn interest whether or not you stake. My wallet was offline by accident for about four weeks and when I got it back online to start staking again, my block rewards were initially A LOT higher for a few days. So I speculate that even though I wasn't staking for a month, my overall accrued interest seemed unchanged.

Can't remember the figures, but IIRC the staking rewards are based on an annual interest assuming the wallet was staking all year. When it goes offline for a while, the next interest payment(s) will be higher to 'catch up' to the annual rewards... or something. lol

Just a bit confused that there is no record of the transaction in my history, and there are no coins in my staking amount either. Does anyone have access to peers.dat and solarcoin.conf for comparison?

Cheers for the help!

AFAIK (but I haven't had enough motivation to look at the code that closely) what happens is that if your wallet is offline for a period your coins 'recover' from being staked and 'freshen', if you will.  When the wallet gets back online, all those 'fresh' coins are valid for staking.  So until all those 'fresh' coins have their moment in the sun (stake pool) - and generate staking rewards - you get a one time boost.  Once a coin has been staked, it then goes back in the pot to be freshened again.  The only thing that makes this 'freshening' happen is time. 

If you are really bored and have some free time from watching paint dry, grass grow etc, you can see this happening on the 'staked' line of the wallet home page.  This is also apparent if you bring up a second copy of the wallet with a 'old/unused for a time' copy of the wallet.dat.  There is a surge in POS rewards that are never actually validated (and eventually disappear) as the extra copy generates rewards from what it thinks are 'fresh' coins.  The blockchain knows better though and rejects them as duplicates?.  This is a 'nice' (in the proper sense) piece of code in the wallet core.  It is also the reason that it doesn't help running a second copy of the same wallet.

That is my understanding at least.  If anyone has a better explaination I would be keen to read it.   


T




SLR - 8dNrncD6mBWzPPQLMRqmk9oCxoC9N7Xfev
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January 08, 2018, 07:25:43 PM
 #5622

I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?
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January 08, 2018, 08:31:24 PM
 #5623

I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?

The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.

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January 08, 2018, 09:14:35 PM
 #5624

This is a good read:

https://steemit.com/cryptocurrency/@willcottrell/what-is-solarcoin-and-how-the-hell-can-it-be-worth-anything
sylph93
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January 09, 2018, 05:54:11 AM
 #5625

The conventional PoW mining depends on electricity, so government can cut power to mining.
However, SolarCoin is from PV roof top, so no government can block SolarCoin mining.

More and more company will join this innovative crypto currency value chain, such as smart inverter company which can auto claim SLR for its owners.
The future of SolarCoin is clear and bright.


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sylph93
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January 09, 2018, 09:41:28 AM
 #5626

There are cheap SLRs in Lykke nowadays.
It would be a good chance to make risk free profit through arbitrage between Lykke and Bittrex.
SLR is getting more and more rare.
Hold your SLR tight!

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vipgelsi
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January 09, 2018, 03:34:48 PM
 #5627

https://globenewswire.com/news-release/2018/01/09/1286150/0/en/Com-Guard-com-Inc-Announces-Today-That-Is-in-The-Process-of-Acquiring-Crypto-SolarCoin-SLR.html
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January 09, 2018, 03:36:28 PM
 #5628

How much time do you need to have the token added to multiple exchanges?
corather
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January 09, 2018, 05:22:06 PM
 #5629

How much time do you need to have the token added to multiple exchanges?

As long as it takes.

javkot
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January 09, 2018, 08:26:06 PM
 #5630

I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?

The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.

Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?
klarki
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January 10, 2018, 07:37:59 AM
 #5631

I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?

The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.

Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?

What do you think? Of course this does not help maintaining the network.

.
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javkot
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January 10, 2018, 08:08:44 PM
 #5632

I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?

The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.

Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?

What do you think? Of course this does not help maintaining the network.

I just don't understand how the code works. I'm unsure if it is the process of "staking" that is what supports the network or if it is merely an open wallet that supports the network. This seems unclear.
corather
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January 10, 2018, 08:22:46 PM
 #5633

I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?

The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.

Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?

What do you think? Of course this does not help maintaining the network.

I just don't understand how the code works. I'm unsure if it is the process of "staking" that is what supports the network or if it is merely an open wallet that supports the network. This seems unclear.

There are two components to the mining process whether it's proof of work, or proof of stake. One is the hardware required to calculate a block, and the other is communication with the blockchain. Bitcoin for example uses a lot of hardware to calculate the proof of work, but the work must still be written to the blockchain. You can run a main node on the Bitcoin network without doing any of the proof of work, though all you're doing is storing transactions, and broadcasting that info to the network. Solarcoin works in much the same way, though all the calculations for generating a block are done through a software algo. You can still run a "main node" on the network to support the blockchain, though you won't generate any interest with an empty wallet. So yes it does support the network, but not nearly as much as you would even if you had a tiny amount of solarcoin in that wallet.

javkot
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January 11, 2018, 05:45:19 AM
 #5634

Thanks for the clarification. So what I understand you to be saying is that staking even just one Solarcoin helps the network significantly more than not staking at all.
BellaBitBit
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January 11, 2018, 05:53:17 AM
 #5635


I noticed the jump in SLR a few minutes ago as everything else is bleeding and ran across that article.  Quite interesting!  This has always been a long term hold for me.

I love Bitcoin
gupta.sreenath
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January 11, 2018, 06:21:31 AM
 #5636

your long wait would be over today, it will boom and break all records today....keep counting... Smiley
gupta.sreenath
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January 11, 2018, 06:43:30 AM
 #5637

Volume is increasing drastically...something BIG can expected...
terciops
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January 11, 2018, 06:48:00 AM
 #5638

Volume is increasing drastically...something BIG can expected...

The number of wallets staking has jumped by > 40% also....

T

SLR - 8dNrncD6mBWzPPQLMRqmk9oCxoC9N7Xfev
CarterDreamer
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January 11, 2018, 06:54:17 AM
 #5639

Is there some big announcement? Can't wait to find out.

Just stumbled on this project. An it seems interesting.

Will it be on bestrate.org?
How can I join in?
What are your plans?
What has been done so far?

Thanks in advance!
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January 11, 2018, 08:19:24 PM
 #5640

Hey guys! I'm the new one ;-)

To keep it short: Invested in SolarCoin because I think it's a good thing to do and potentially getting much bigger in the future. So I'd like to join solarcoin on slack, but have no idea how to get there? Where do I get an invite from? Smiley
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