If you make a datalogger, how do you prove that the power came from a Solar Panel? Someone could trick the logger into thinking energy being used is energy being created.
When 1MWh is created, the owner was paid by the electric company or compensated as a discount from their bill. The owner was technically compensated already and now gets a coin to sell on the open market. How does this create value? I think this is the dilemma that needs to be dealt with.
So flip the model upside down. Buying a Datalogger gets you a certain amount of coins up front as you invest in the Crypto of SolarCoin. There are no other coins to be paid out to the owner of the Datalogger. So make the installation of the Datalogger a very good deal for the owner. You could even put a solar panel on the datalogger so it will pay for itself too over time
So turning it upside down means that the only coins that are paid out have been installed as dataloggers. At this point people will only be able to buy coin from those who invested real money and these people will set the price of the coin as they would not lose their investment and sell lower since it is always a fixed cost to get a datalogger, conversely you can't sell coin for much higher than the cost of the DataLogger. Now if they want to earn PoS from their coins they keep them and the only way you can earn PoS is to own a DataLogger. When the DataLogger reaches 1MWh it triggers PoS and sends the wallet a Stake. Then based on the amount of coin in the wallet it stakes proportionately. So keeping your coin makes you more PoS to then sell on the open market and get ROI. Takes out coin dumps, very valuable coin at first too.
I guess you could also make the DataLogger a special ASIC and mine the coin as PoW also and pay back the investment with time instead of giving the coin out right away. Putting the solar panel on the DataLogger would also mean it knows when sun is hitting the DataLogger and can not be tricked easily but I am sure this isn't foolproof. The public will also know that the price for the coin will always be a set price! All of the costs are in the open and PoS will be a set percentage. Then people can feel like they get a deal buying the PoS coins for slightly less than the buy in since they could just buy a datalogger to participate at that point. It will always be cheaper than the real cost of electricity if set up properly economically. Then with the sale of coin eventually the Owners of the DataLoggers will be paid off and their coin will be pure profit.
But if you make it so the DataLogger is paid up front for the coin then PoS starts immediately and kick starts the economy, there could be a Max coin for dataloggers too? Since it should equal the buy in. So you can't corner the market and your PoS is based on your MWh anyways, meaning more MWh gets quicker stakes. This could be decided by the community anyways.
I am working on some other ideas that I have to perfect first. But you can see how outsiders who can't afford to install Panels, would first of all know for a fact that people invested, and that this coin is truly backed by green!
Now we can also make the coin more valuable by creating a Bulk Purchase Store for Panels! Then people buying the coin can use the coin to buy panels from the main merchant store at deep discount. This creates the worth for the coin and people will be participating. They can only buy at special pricing with SolarCoin creating demand for the coin. This means they have to buy it from the market and create demand for the DataLoggers that are in place already. This will self perpetuate. And those purchases may also buy DataLoggers at that point. The costs for the dataloggers should also be fair and just enough to be profitable to replicate. But selling these products could also be an economy of its own. I would personally want to be involved with the hardware, selling the shovels may make more money than digging! We could even install our own EPROM's into panels like an OEM and sell them with an embedded DataLogger.
Again, like SunnyBoy said there is a lot of effort here, but it creates worth this way.
Brainstorming something like this is how we will get it done under the sun! No free coin until the sun pays back the money!
I Agree with CryptoNick, there are a lot of things to do out there and a lot of ideas (if not businesses themselves!!) could actually be "plugges" into the solarcoin.
Keep in mind that we are creating a virtuous circle now : we, the community, are all building up the bricks and mortar in order to get to widespread use of the ccy.
There is a chain effect to the work we are doing in the sence that, the more we do now, the easier it becomes for later work (so in this sence, the hardests bricks to mine are actually the first ones...!)
In developing this chain effect, I believe owners of a solar photovoltaic system have a lot to do, if not owners of solar parks themselves!! These are the people to bring on board :
http://solarcoin.org/over-2m-in-claimable-solarcoin-available-globally/World's largest photovoltaic power stations (50 MW or larger)
2
Photovoltaic power station Country Site co-ordinates
3
Coinmarketcap.com SLR price info
4
(MWp) 10% § Bounty @ §120:$1 Yearly claim 25 yr value
5
Desert Sunlight Solar Farm USA
33°49′33″N115°24′08″W
550 §72,270 $602 $6,023 $150,563
6
Topaz Solar Farm USA
35°23′N 120°4′W
550 §72,270 $602 $6,023 $150,563
7
Longyangxia Dam Solar Park China
36°07′20″N100°55′06″E
320 §42,048 $350 $3,504 $87,600
8
Solar Star I and II USA 309 §40,603 $338 $3,384 $84,589
9
California Valley Solar Ranch USA
35°20′N 119°55′W
292 §38,369 $320 $3,197 $79,935
10
Agua Caliente Solar Project USA
32°57.2′N 113°29.4′W
290 §38,106 $318 $3,176 $79,388
11
Antelope Valley Solar Ranch USA
34°46′N 118°25′W
266 §34,952 $291 $2,913 $72,818
12
Charanka Solar Park India
23°54′N 71°12′E
224 §29,434 $245 $2,453 $61,320
13
Mesquite Solar project USA
33°20′N 112°55′W
207 §27,200 $227 $2,267 $56,666
14
Mount Signal Solar USA 206 §27,068 $226 $2,256 $56,393
15
Gonghe Industrial Park Phase I China 200 §26,280 $219 $2,190 $54,750
16
Huanghe Hydropower Golmud Solar Park
China
36°24′00″N95°07′30″E
200 §26,280 $219 $2,190 $54,750
17
Imperial Valley Solar Project USA 200 §26,280 $219 $2,190 $54,750
18
Copper Mountain Solar Facility USA
35°47′N 114°59′W
192 §25,229 $210 $2,102 $52,560
19
Centinela Solar Energy Project USA
32°40′55″N115°39′38″W
170 §22,338 $186 $1,862 $46,538
20
Solarpark Meuro Germany
51°32′N 13°55′E
166 §21,812 $182 $1,818 $45,443
21
Campo Verde Solar Project USA
32°45′N 115°43′W
161 §21,155 $176 $1,763 $44,074
22
Imperial Solar Energy Center South
USA
32°47′N 115°42′W
150 §19,710 $164 $1,643 $41,063
23
Arlington Valley Solar II USA
33°18′39″N112°49′44″W
145 §19,053 $159 $1,588 $39,694
24
Neuhardenberg Solar Park Germany
52°36′49.62″N14°14′32.64″E
145 §19,053 $159 $1,588 $39,694
25
Catalina Solar Project USA
34°56′N 118°20′W
143 §18,790 $157 $1,566 $39,146
26
Welspun Solar MP project India 130 §17,082 $142 $1,424 $35,588
27
Templin Solar Park Germany
53°1′53.62″N13°32′18.92″E
128.48 §16,882 $141 $1,407 $35,171
28
Toul-Rosières Solar Park France
48.786672°N 5.979002°E
115 §15,111 $126 $1,259 $31,481
29
Perovo Solar Park Ukraine
44°54′N 33°56′E
105.56 §13,871 $116 $1,156 $28,897
30
Gansu Jiayuguan Solar Park China 100 §13,140 $110 $1,095 $27,375
31
Ningxia Qingyang Solar Park China 100 §13,140 $110 $1,095 $27,375
32
Xitieshan Solar Park China
37°18′34″N 95°29′5″E
100 §13,140 $110 $1,095 $27,375
33
Sarnia Photovoltaic Power Plant
Canada
42°56′N 82°20′W
97 §12,746 $106 $1,062 $26,554
34
Brandenburg-Briest Solarpark Germany
52°26′12″N12°27′05″E
91 §11,957 $100 $996 $24,911
35
Solarpark Finow Tower Germany
52°49′31″N13°41′54″E
84.7 §11,130 $93 $927 $23,187
36
Montalto di Castro Photovoltaic Power Station
Italy
42°21′N 11°35′E
84.2 §11,064 $92 $922 $23,050
37
Lopburi Solar Farm Thailand
14°56′N 100°46′E
84 §11,038 $92 $920 $22,995
38
Eggebek Solar Park Germany
54°37′46″N 9°20′36″E
83.6 §10,985 $92 $915 $22,886
39
Oita City Mega-Solar Power Plant
Japan 82.02 §10,777 $90 $898 $22,453
40
Senftenberg Solarpark Germany 81 §10,643 $89 $887 $22,174
41
Finsterwalde Solar Park Germany
51°34′N 13°45′E
80.7 §10,604 $88 $884 $22,092
42
Datong Solar Park China 80 §10,512 $88 $876 $21,900
43
Okhotnykovo Solar Park Ukraine
45°14′N 33°35′E
80 §10,512 $88 $876 $21,900
44
Kalkbult Solar Park
South Africa
75 §9,855 $82 $821 $20,531
45
Lesedi Solar Park
South Africa
75 §9,855 $82 $821 $20,531
46
Letsatsi Solar Park
South Africa
75 §9,855 $82 $821 $20,531
47
Lieberose Photovoltaic Park Germany
51°55′N 14°24′E
71.8 §9,435 $79 $786 $19,655
48
Rovigo Photovoltaic Power Plant
Italy
45°02′N 11°34′E
70.566 §9,272 $77 $773 $19,317
49
Kagoshima Nanatsujima Megasolar Project
Japan
31°28′00″N130°31′30″E
70 §9,198 $77 $767 $19,163
50
Sakri solar plant India
20°59′N 74°19′E
70 §9,198 $77 $767 $19,163
51
Nikolayevka Solar Park Ukraine 69.7 §9,159 $76 $763 $19,080
52
Sault Ste. Marie Solar Park Canada
46°33′N 84°21′W
69 §9,067 $76 $756 $18,889
53
Solarpark Alt Daber Germany
53°12′N 12°31′E
67.8 §8,909 $74 $742 $18,560
54
Gabardan Solar Park France
44°03′N 00°01′W
67.2 §8,830 $74 $736 $18,396
55
Alpine Solar USA
34.796925°N 118.512315°W[97]
66 §8,672 $72 $723 $18,068
56
Laowa Solar Park China
24°47′N 103°26′E
66 §8,672 $72 $723 $18,068
57
Green Tower Germany 61 §8,015 $67 $668 $16,699
58
Wulanchabu Siziwangqi Solar Park
China 60.5 §7,950 $66 $662 $16,562
59
Karadzhalovo Solar Park Bulgaria
42°06′17″N25°19′18″E
60.4 §7,937 $66 $661 $16,535
60
Alpaugh Solar Plant USA 60 §7,884 $66 $657 $16,425
61
Crucey Solar Park France
48°38′44″N01°05′56″E
60 §7,884 $66 $657 $16,425
62
Olmedilla Photovoltaic Park Spain
39°37′N 02°04′W
60 §7,884 $66 $657 $16,425
63
Silver State North USA
35°37′N 115°21′W
60 §7,884 $66 $657 $16,425
64
Avenal Solar Facility USA
35°59′N 120°06′W
57.7 §7,582 $63 $632 $15,795
65
Massangis Solar Park France
47°38′N 03°58′E
56 §7,358 $61 $613 $15,330
66
Priozernaya Solar Park Ukraine 54.8 §7,201 $60 $600 $15,002
67
Strasskirchen Solar Park Germany
48°48′N 12°43′E
54 §7,096 $59 $591 $14,783
68
Walddrehna Solar Park Germany
51°47′N 13°38′E
52.3 §6,872 $57 $573 $14,317
69
Waldpolenz Solar Park Germany
51°19′N 12°39′E
52 §6,833 $57 $569 $14,235
70
Puertollano Spain
38°37′18.12″N3°58′31.31″W
52 §6,833 $57 $569 $14,235
71
Tutow Solar Park Germany
53°55′N 13°12′E
52 §6,833 $57 $569 $14,235
72
Pobeda Solar Park Bulgaria
43°31′16″N24°32′30″E
50.6 §6,649 $55 $554 $13,852
73
Gansu Dunhuang Solar Park China
40.07°N 94.5018°E
50 §6,570 $55 $548 $13,688
74
Golmud CPV Solar Park China
36°25′N 94°54′E
50 §6,570 $55 $548 $13,688
75
Hongsibao Solar Park China
39°20′N 106°44′E
50 §6,570 $55 $548 $13,688
76
Huaneng Geermu Solar Park China
36°23′13.2″N95°6′18″E
50 §6,570 $55 $548 $13,688
77
Qinghai Golmud Solar Park China
36°20′N 95°13′E
50 §6,570 $55 $548 $13,688
78
Weidi Solar Park China
26°10′34″N101°39′07″E
50 §6,570 $55 $548 $13,688
79
Welspun Energy Rajasthan 50 MW Project
India
27°24′40.69″N72°9′30.40″E
50 §6,570 $55 $548 $13,688
80
81
Total §1,177,295 $9,811 $98,108 $2,452,698