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

[vipgelsi]

Some SolarCoin stuff going on at the electricchain:




- SunSpec Alliance: SunSpec aims to deliver on communication standardization for inverters/dataloggers, works with 70 solar industry manufacturers and investigating the integration of the pilot Blockchain Datalogger findings ; SolarChange is registering 3.800 solar installs from SunSpec,

Would that mean 3,800 new people claiming solarcoins? Or did i read it wrong.

TIA

[1713526591]

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[1713526591]

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[dbstmddhks]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

[nickgogerty]

here is some info on proof stake  http://solarcoin.org/en/solarcoin-moving-from-pow-to-post-proof-of-stake-time/

Just an FYI, I spoke at NYSSA tonight, small audience so didn't get into solarcoin.  Did have a good meeting with Christopher Taylor from MIT and colleagure Chuck.

nick

[sandiman]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

[corather]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

[sandiman]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

[daniobg]

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

When you open it make sure to not close it - just leave it open and running for long as possible.

[metamorphin]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

I could be wrong, but correct me:

You (Solarcoin) are on the way to create an ecosystem with staked coins? But how the ecosystem can work, with FEW coins staked over a month? I mean, which is the precise interests for an owner of solarcells, to bring in his profits into solarcoins?

greetz
Steve

[y_virtual]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

As I mentioned before, I have several 2000 SLR wallets (3 of them, to be more precise), all of them stake 1-2 times daily, with the Wallets running 24/7, and that roughly matches the "Expected time to earn interest" number showing up by the status circle (displaying "Staking") next to the lower right corner of the Wallet application.

But here is another important point we did discuss when the transition from PoW to PoST was happening - in order for the wallet to stake (the status circle showing "Staking" vs "In Sync"), your Wallet must have at least 6 active connections to the SolarCoin network (this is the number displayed at the lower right corner).

How many connections do you have?

[corather]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

I could be wrong, but correct me:

You (Solarcoin) are on the way to create an ecosystem with staked coins? But how the ecosystem can work, with FEW coins staked over a month? I mean, which is the precise interests for an owner of solarcells, to bring in his profits into solarcoins?

greetz
Steve

It's based primarily on claims.

[sandiman]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

As I mentioned before, I have several 2000 SLR wallets (3 of them, to be more precise), all of them stake 1-2 times daily, with the Wallets running 24/7, and that roughly matches the "Expected time to earn interest" number showing up by the status circle (displaying "Staking") next to the lower right corner of the Wallet application.

But here is another important point we did discuss when the transition from PoW to PoST was happening - in order for the wallet to stake (the status circle showing "Staking" vs "In Sync"), your Wallet must have at least 6 active connections to the SolarCoin network (this is the number displayed at the lower right corner).

How many connections do you have?

I always have around 10 connections (right now 11). Nonetheless, It doesn't show me the "expected time to earn interest" by the status circle ? (just say staking)

[Scalextrix]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

So you need to have your wallet open and unlocked (thats critical) for as long as possible each day.  So I have ~13k SLR, my wallet is unlocked from 7AM - 8PM and I get on average 1 payout per day, however I do have coins in more than 1 address so that probably helps a bit

[sandiman]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

So you need to have your wallet open and unlocked (thats critical) for as long as possible each day.  So I have ~13k SLR, my wallet is unlocked from 7AM - 8PM and I get on average 1 payout per day, however I do have coins in more than 1 address so that probably helps a bit

I'll try again tomorow as much as possible. Thank you guys for the help.

[y_virtual]

I still not staking 1 week after moving my coin to my wallet and keeping it open as much as possible. 

Hi,

The number of coin decide the 'possibility of making a block'.

And you can get the staking reward, when you generate new block.

So, If you have small number of coin, you have low chance to generate new block ( Low chance to get the reward)



  (The number of coin you are staking )   /   (The total number of stacking coin)  = It is the possibility of making a block of you

Cheers,

So 2000 coins is a low amount of coin? 

You'll hit a stake with that amount within 2 weeks, if you leave it on long enough. I have a wallet with 2300 coins and it's seen a few stakes over a month period.

Thanks guys for the help. Last question, what do you call long enough. How much times everyday do you open your wallet?

As I mentioned before, I have several 2000 SLR wallets (3 of them, to be more precise), all of them stake 1-2 times daily, with the Wallets running 24/7, and that roughly matches the "Expected time to earn interest" number showing up by the status circle (displaying "Staking") next to the lower right corner of the Wallet application.

But here is another important point we did discuss when the transition from PoW to PoST was happening - in order for the wallet to stake (the status circle showing "Staking" vs "In Sync"), your Wallet must have at least 6 active connections to the SolarCoin network (this is the number displayed at the lower right corner).

How many connections do you have?

I always have around 10 connections (right now 11). Nonetheless, It doesn't show me the "expected time to earn interest" by the status circle ? (just say staking)

Just hover the mouse over the status circle and the info-window will pop up.

[vipgelsi]

Please everyone from the Solarcoin community attend we are trying to get the word out on Solarcoin/electricchain.

Beyond Bitcoin Hangout this Friday. 10:00 EST

https://beyondbitcoin.org/mumbleinfo/  

https://bitsharestalk.org/index.php/topic,22329.msg291151.html#msg291151

[sandiman]

I probably won't stake today ... 11 hours ago I was supposed to stake in 18hours and 11hours after I am supposed to stake in 15hours

[nickgogerty]

global solarchange is shortlisted for BlockChain award.  Global SolarChange is a SolarCoin affiliate which is already in an IBM accelerator program among other things.

http://gtec.berlin/announcing-the-shortlist-for-the-gtec-blockchain-innovation-award/

[solarcoiner]

I probably won't stake today ... 11 hours ago I was supposed to stake in 18hours and 11hours after I am supposed to stake in 15hours

Hey sandiman,

It looks like you have set up everything correctly. You have to know that the time displayed at the bottom of your wallet is just an approximation. Its very similar to bitcoin mining. you could get a stake in 5 minutes or it might take 10 days. You asked if 2000 Coins is a small amount?
I think thats quite a decent amount. But just check your address on the block explorer. You are probably among the the top 500 holders. Thats HUGE. you don't see it now because the SLR network is still very small. Imagine if it takes off. Imagine you were among the top 500 holders of litecoin. you would be filthy rich right now. So the potential is there for solarcoin.

If you want to stake a lot ( like 15-50 stakes a day) you're going to need to get around 100-200k SLR.
But you need to decide for yourself if it's worth staking 2000 coins 24/7. If you really believe in Solarcoin then it's definitely worth it.
I think you would probably get like 1 stake every 24h
You need to think about power costs.

I run my wallet on a intel PC stick with windows 8 (cost me around 120 Euros). I really recommend this setup.

[corather]

Please everyone from the Solarcoin community attend we are trying to get the word out on Solarcoin/electricchain.

Beyond Bitcoin Hangout this Friday. 10:00 EST

https://beyondbitcoin.org/mumbleinfo/  

https://bitsharestalk.org/index.php/topic,22329.msg291151.html#msg291151

Is this am. or pm.?

[corather]

global solarchange is shortlisted for BlockChain award.  Global SolarChange is a SolarCoin affiliate which is already in an IBM accelerator program among other things.

http://gtec.berlin/announcing-the-shortlist-for-the-gtec-blockchain-innovation-award/

This is so huge for Solarcoin and for the planet in general. Everyone just sort of passed this announcement by like a footnote in history but this is the kind of exposure that's necessary to bring these projects into mainstream acceptance. Great work Nick, and to the everyone at Global Solarchange. This project gets more and more interesting every few weeks now. It won't be long until it'll take me a good afternoon sifting through all of the news articles and project lists this movement has created. I can't wait.