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

[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

Is this am. or pm.?

AM

[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

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.

Thank you for the help!!

[Snake Pliskin]

The staking on v2.1.1 seems to be very choppy compared to v2.0.8 as before I was getting around 60 coins a day at 15 mins intervals but with the v2.1.1 only around 25/30 and the staking is between 40 min to an hour between staking, is anybody else having the same issue?

I may go back to the old version until the fork 

[nickgogerty]

The staking on v2.1.1 seems to be very choppy compared to v2.0.8 as before I was getting around 60 coins a day at 15 mins intervals but with the v2.1.1 only around 25/30 and the staking is between 40 min to an hour between staking, is anybody else having the same issue?

I may go back to the old version until the fork 

Just curious, is the stake interest rate (per day) etc. on an annualized basis roughly the same?

Nick

[vipgelsi]

My interest from staking is about the same. Day to day from old wallet versions.

[Snake Pliskin]

Just curious, is the stake interest rate (per day) etc. on an annualized basis roughly the same?

Nick

Hi Nick

No seems less about half but will monitor as only had the new version about 4 days

[nickgogerty]

for those interested, the SolarCoin newsletter is now available. 

http://solarcoin.us13.list-manage1.com/subscribe?u=a2c9fa27b94e5501fcb7247c7&id=9eb6627c3a


there is a lot of work going on under the hood so we are working on getting better at communicating it. 

Nick

[y_virtual]

Just curious, is the stake interest rate (per day) etc. on an annualized basis roughly the same?

Nick

Hi Nick

No seems less about half but will monitor as only had the new version about 4 days

There has been an increase (almost doubling) in the per-day number of orphans, most probably due to the upgrade procedure that still goes on (see the orphans chart):
https://chainz.cryptoid.info/slr/#!extraction
I guess that would explain the temporary drop in the confirmed rewards total amount.

[lfloorwalker]

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.?

AM

Sorry I missed it because of a calendar bug.
I will join next week and regret missing.

[lfloorwalker]

Someone has deep pockets.

https://chainz.cryptoid.info/slr/address.dws?8Xq689N6DAcQFc6hBRg3wzhjwt9NfiHNgj.htm

 

A very smart guy! Try getting that amount of SLR soon

Please note that ElectriCChain are preparing a budget for this wallet before it is moved or taken out of staking after May 6th and the fundraising period is completed. The budget is for Project 1 only (IOTA-Chainofthings-Bitseed-Solcrypto) node integration to tangle and mirror on SLR blockchains. If the project one continues after hackathon which is likely, the report on budget will be shown as transparent and community input and consensus requested for the use of the budget to continue Project 1 goals.
Our policy is such that, if the coins are used for project budget (need to transfer to BTC), then we will (1) try to sell off market (2) sell in low volumes on Bittrex per day over a long period.

Thank you,
Best,
lfloorwalker

Wow I just realized someone donated 100k Solarcoins. Now thats what I call a legendary move. A massive thank you to whoever donated such a large amount. At first I though someone bought 100k for themselves. But when I double checket the address I noticed it was the donation address for electricchain. I still dont know what to say. This is incredible. I  mean check out the litecoin community. They can't even raise 200 LTC for a breadwallet based wallet. One day Solarcoin will reach the Sun and I am glad to be a part if it.

It is absolutely a legendary move. We thank them a lot.
If you want to get involved in some of the projects please don't hesitate to join the ElectriCChain slack as well.

Best,
-lfloorwalker

Hi all,

An update on Fundraising for the event on June 1st in London for ElectriCChain.
Event Press release here: http://www.prnewswire.co.uk/news-releases/chain-of-things-introduces-1st-case-study--conference-on-blockchain-based-iot-security-578069901.html
Well done, we have raised 102,666 SLR or about 57%.

We are going to extend fundraising until the event date (30th of May-1st of June).
We made a budget and it can be found here.
https://docs.google.com/a/solcrypto.com/spreadsheets/d/1b4Y8MFN8uZ6vON8LMAFIVDMg3TjsdSm6jgCBpxSNCcY/edit?usp=sharing


Thank you,
Best,
lfloorwalker

[Alao]

Looks like somone is trying to get an early mother's day present on Bittrex 

[Scalextrix]

is the price of SolarCoin going down, when the power produced by Solar Cells getting cheaper over time?

That only makes it cost less to claim as you are saying it is cheaper to buy panels. But you are correct when you say the price of SolarCoin will go down if Solar becomes cheaper since more people Claiming and selling will flood the market with coin that it can't support at higher prices. Everyone here likes to tell people the price goes up by claiming but when the market can leave to BitCoin the price goes down. BitCoin is an integral part of SLR and always will be. If the holders of coin right now sell to BitCoin the only way they come back in with their BitCoin is at lower prices, the concept of the market is to buy low sell high and everyone will be doing it at some point so how will it sustain the price later when there will be more people trying to get their claims out into BitCoin and then to Fiat to get the costs of their Solar out. If you get your costs out then that money leaves and doesn't come back. Even if the exchanges let people go from SLR to Fiat the money still leaves to pay for installation costs. How does the SLR market absorb that if there is only so much BitCoin to go around?

'BitCoin is an integral part of SLR and always will be.' I think is a dangerous perception, everything is subject to change.  Will we end up with a global SLR only economy; probably not so the point that people can sell out is reasonable, but it is possible that there can be an SLR economy that stands in its own right without the NEED to sell out to BTC, Fiat or anything else.

[CryptoNick]

is the price of SolarCoin going down, when the power produced by Solar Cells getting cheaper over time?

That only makes it cost less to claim as you are saying it is cheaper to buy panels. But you are correct when you say the price of SolarCoin will go down if Solar becomes cheaper since more people Claiming and selling will flood the market with coin that it can't support at higher prices. Everyone here likes to tell people the price goes up by claiming but when the market can leave to BitCoin the price goes down. BitCoin is an integral part of SLR and always will be. If the holders of coin right now sell to BitCoin the only way they come back in with their BitCoin is at lower prices, the concept of the market is to buy low sell high and everyone will be doing it at some point so how will it sustain the price later when there will be more people trying to get their claims out into BitCoin and then to Fiat to get the costs of their Solar out. If you get your costs out then that money leaves and doesn't come back. Even if the exchanges let people go from SLR to Fiat the money still leaves to pay for installation costs. How does the SLR market absorb that if there is only so much BitCoin to go around?

'BitCoin is an integral part of SLR and always will be.' I think is a dangerous perception, everything is subject to change.  Will we end up with a global SLR only economy; probably not so the point that people can sell out is reasonable, but it is possible that there can be an SLR economy that stands in its own right without the NEED to sell out to BTC, Fiat or anything else.

That would be ideal to only have a crypto as tender. There may be a possibility that this comes to fruition when the Banks finish their Bail-In's and give their Depositors a Haircut on savings accounts. We are not talking about taking a little off the top but more like a close shave. But unfortunately BitCoin or other more valuable crypto will take the Helm.

When I suggested a magic number and to roll in the 33 Million to a current or fair market cap using the magic number, it was to create a buzz about the price used in open trade and also bring claimers on board. Thus allowing the magic number (whatever would be used per coin $50, $120, $200?) to be used for trading in the open at a set price. Market Cap could try to catch the magic number but in all reality it would never be able to stabilize at it since selling must occur for costs of goods to be regained by merchants or just low demand period along with profit taking incentives.

At this point we would have a stabilized version of the coin. Then people who want to own and use the coin at the Magic number can go and buy Solar and Claim or go and buy SolarCoin with the BitCoin they have with which they no longer wish to support the BitCoin network. But this is tricky since people will always be taking value from the network as BitCoin and using it to leverage against SolarCoin. This is why the magic number sustains the coin for those purists out there and allows the coin to flourish in the absence of BitCoin even though people who accepted SLR at the Magic number could also just sell off at the market prices eventually.

There will only be so much buying of SolarCoin though since people can just use their Fiat to buy goods with. It is redundant to buy BitCoin to then buy SolarCoin and then buy a good or product that SolarCoin merchants offer, only to then force the Merchant to turn around and sell their SolarCoin to BitCoin and then sell the BitCoin to Fiat just to pay for their costs of goods. Exhausting... and this allows profit takers to take advantage of the merchants.

The Universal Magic number should be the literal costs of 1SLR=1MWH which is already denoted for claiming SLR this amount or cost of energy would propel the trading to a proper perspective and let the markets act as they may. Ultimately ask yourself a question, would you give something of value to someone in exchange for SLR at the Magic number, or would you want to rely on the Market price? If you say Market then the true beauty of crypto is forever doomed since that can always go to NIL. And if you were the person who would accept the SLR at the Magic number, well then that is why they say there is a sucker born every minute lol. But you can trade the SLR you got in a few minutes possibly. I do think the bank scenario Bail-In is the best shot at the ideal, since no one will be selling to Fiat anymore.

[Nick70001]

Good to see the support build up on Bittrex. 16BTC at 10490.

[Alao]

Good to see the support build up on Bittrex. 16BTC at 10490.

Yea someone wants in badly!!! I see more was added today. There was a 9 btc bid over the weekend.

[sandiman]

Good to see the support build up on Bittrex. 16BTC at 10490.

Yea someone wants in badly!!! I see more was added today. There was a 9 btc bid over the weekend.

True, nice buy wall and the huge sell wall has wether been bought or removed, let's see how it goes.

[terciops]

Good to see the support build up on Bittrex. 16BTC at 10490.

Yea someone wants in badly!!! I see more was added today. There was a 9 btc bid over the weekend.

True, nice buy wall and the huge sell wall has wether been bought or removed, let's see how it goes.

And if you could filter out all the 5-25 SLR bot bets then the picture would be much clearer.

[dejan_p]

long time supporter here - i have around 30k of this lovely currency in my wallet, staking enabled,
wallet says Staking - expected time to earn interest 1 minute
but it's been like that for months now, never got anything

Staking amount is always 0.
Any ideas what could be wrong?
Last transaction was made in 2014 tough..don't know if that has anything to do with this?

keep up the good work guys, a great cause lies underneath it all

[corather]

long time supporter here - i have around 30k of this lovely currency in my wallet, staking enabled,
wallet says Staking - expected time to earn interest 1 minute
but it's been like that for months now, never got anything

Staking amount is always 0.
Any ideas what could be wrong?
Last transaction was made in 2014 tough..don't know if that has anything to do with this?

keep up the good work guys, a great cause lies underneath it all

Have you updated the wallet? There were some issues with the first staking wallet that were quickly resolved by the fantastically talented people who rewrote the wallet. The newest version is 2.1.1 (mandatory update).

[Snake Pliskin]

I notice that bittrex has Wallet Maintenance up for the last 2 days and my bitcoin isn't showing within the slr so I am unable to buy, but looking at the timeline there are still buy and sell trades coming through.

I have emailed them but no reply yet, anybody else having the same problem.