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

[passionsurf]

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.

"In order to maximize the probability of earning all matured interest and signing a block during a period of time, a node must stake actively to ensure passage through the Stake-Time window for all coins held. When network strength is lower, the fraction of age deemed idle-time increases. This results in inactive stakers being penalized, with some loss of matured interest, and decreased probability to stake. By decreasing the likelihood to stake, the inactive staker is susceptible to accumulating age at a faster rate than those actively staking. To regain optimal probability of earning all matured interest, this staker must resume active staking to make up lost time. Conversely, individuals who are staking with little to no idle-time earn their full matured interest reward even in a weaker network state, when acceptable age is low and interest rate is high due to the PoST targeted inflation rate [figure 3]. As a workaround, accumulated idle-time could be reset by sending coins to another wallet, but this comes at a cost: fees are paid to those who are actively staking, and all matured interest due is lost. In summation, the behavior that is by far the most profitable is to stake as actively as possible. This further incentivizes a stable, well-supported network."

Full explanation is found here:
https://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf
(Solarcoin PoS is based on the VeriCoin PoS programming)

From what I gather from this whitepaper:
1) interest rate is variable between about 1.8% and 2.6%, with a target goal of about 2%
2) interest rate is slightly higher when there is a higher percentage of wallets that are staking
3) network stability increases the more wallets are staking
4) it is more profitable to continuously stake (as opposed to staking intermittently)
5) fewer coins held means longer time to stake

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[sylph93]

Wow, The Sun is rising again! It's getting hot and hot.
Soon we may see another all time high in very near future. 

[Rensolar]

Hey guys,

I’ve been holding SolarCoin for over a year now, and have been reading along here for a couple of months so not entirely new. It is my first post though  I’ve been reading about staking, and if I’m correct it means using the SolarCoin wallet, and leaving it on and open to ‘help’ the network. I am thinking about starting to stake as well, to contribute to the network bc I’m not planning on selling the slr anytime soon. At the moment, my coins are in Lykke. I have two questions:
1) Does anybody know if I can just withdraw my coins from Lykke into a SolarCoin wallet? Because they use the Colored Coins protocol..
2) For staking, I don’t have a desktop I can leave on all day but only a laptop. I read about setting up a Raspberry Pi but I’m not a hero on the technical part.. Could someone give me directions where to start looking?

Thanks a lot!

[passionsurf]

Hey guys,

I’ve been holding SolarCoin for over a year now, and have been reading along here for a couple of months so not entirely new. It is my first post though  I’ve been reading about staking, and if I’m correct it means using the SolarCoin wallet, and leaving it on and open to ‘help’ the network. I am thinking about starting to stake as well, to contribute to the network bc I’m not planning on selling the slr anytime soon. At the moment, my coins are in Lykke. I have two questions:
1) Does anybody know if I can just withdraw my coins from Lykke into a SolarCoin wallet? Because they use the Colored Coins protocol..
2) For staking, I don’t have a desktop I can leave on all day but only a laptop. I read about setting up a Raspberry Pi but I’m not a hero on the technical part.. Could someone give me directions where to start looking?

Thanks a lot!

If you joint the slack, there is a thread specifically for Lykke and you'll get your question(s) answered a lot quicker:
https://solarcoin.org/en/solarcoin-forum 

[themeco]

Big news. ACWA Power becomes first utility-scale generator to adopt SolarCoin.

http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

[terciops]

Big news. ACWA Power becomes first utility-scale generator to adopt SolarCoin.

http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

Good news.  This is exactly what we want to see at this stage is the acceptance cycle.   This will start getting those coins held in trust working. 

T

[javkot]

Big news. ACWA Power becomes first utility-scale generator to adopt SolarCoin.

http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

Good news.  This is exactly what we want to see at this stage is the acceptance cycle.   This will start getting those coins held in trust working. 

T

Wow, huge news for solarcoin!

[peteycamey]

yeah this is quite big, it might increase in value soon. I am lucky to have bought quite a bit lately.

[vipgelsi]

God speed!

[sylph93]

As an old supporter and investor of SLR, I'm very glad to see SLR rising above 2.5$ level.
Impressive! 

[javkot]

https://solarcoin.org/en/news/solarcoin_launches_government_policy_paper-call_to_action

[javkot]

https://solarcoin.org/en/news/solarcoin_launches_government_policy_paper-call_to_action

Numerous articles about Solarcoin recently (including another Forbes article):

https://www.forbesmiddleeast.com/en/abdul-latif-jameel-energy-subsidiary-inks-clean-energy-deal-in-chile/
https://www.pv-magazine.com/2018/01/15/acwa-power-to-adopt-solarcoin/
https://www.esi-africa.com/news/international-energy-developer-adopts-crypto-currency/
https://www.esi-africa.com/news/crypto-currency-governments-support/
https://steemit.com/solarcoin/@bernard.mcc/something-strange-happened-on-the-way-to-the-solarity
http://www.saurenergy.com/solar-energy-news/saudi-solar-organization-to-embrace-green-digital-currency
http://en.cspplaza.com/the-first-utility-scale-generator-to-adopt-solarcoin-acwa-power-joins-the-solarcoin-ecosystem.html
http://www.engineeringnews.co.za/article/acwa-power-buys-into-blockchain-currency-2018-01-15

[galio_ico]

I've heard this coin will cooperate with TESLA MOTORS,
anyone can confirm this for me??? please,
if that's true, so why the price and marketcap still be so smalll  

[javkot]

I've heard this coin will cooperate with TESLA MOTORS,
anyone can confirm this for me??? please,
if that's true, so why the price and marketcap still be so smalll  

I don't believe that is true, at least not yet. The head guys have indicated that they DO have the connections to reach out to Tesla, but they are not ready to yet. There are a few more things to get in order first, one being the release of the new wallet, and I'm not sure what else.

I've always wondered why the marketcap is so small too, but if you look at the overall growth charts, SLR has been growing exponentially fairly consistently since 2014. Go here:
https://coinmarketcap.com/currencies/solarcoin/
And click on "log scale" and look at the green line, which is the price in USD. If this exponential pattern continues, then the marketcap would probably hit $1 billion in the next 1-2 years. With the fairly consistent past growth, then SLR seems to be a very good long-term investment. Especially in consideration, that price is directly proportional to the number of users, and the number of users has been and will continue to steadily increase as more and more people submit claims (or file grants) for SLR for their solar panels. Pretty soon, it will be advantageous to purchase new solar panels to gain the SLR rewards for doing so. 

[Taugami]

Heh. An interesting idea is the monetization of solar energy. It would not be bad to see a bounty program.

[corather]

Heh. An interesting idea is the monetization of solar energy. It would not be bad to see a bounty program.

AFAIK there is a bounty program.

[javkot]

Heh. An interesting idea is the monetization of solar energy. It would not be bad to see a bounty program.

Yes absolutely, Solarcoin is an awesome bounty program that has been up and running since 2014

[daniobg]

I will just add more about the recent news

1. ZUP Energy Assets are working on the possibility of a secondary market concept solely for SolarCoin - http://projectsolarcoin.com/#stats


2. Forbes /and many more/ on ACWA Power joining the project - https://www.forbesmiddleeast.com/en/acwa-power-adopts-cryptocurrency-solarcoin/
https://twitter.com/ACWAPower/status/953268756008046592
More about ACWA Power - http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

3. Interest from First Utility after ACWA Power announcement - First Utility is the UK's leading independent energy supplier - Possible future adoption of Solarcoin? - https://twitter.com/SolarLux_Ltd/status/952135674483781632

4. Five energy suppliers to accept Solarcoin as payment, from the World Future Energy Summit - https://twitter.com/SolarLux_Ltd/status/953278721770766336

5. Exploring cooperation potential between IRENA and SolarCoin at the World Future Energy Summit in Abu Dhabi. - https://twitter.com/SolarLux_Ltd/status/953267042953515008

6. SolarCoin launches Government Policy Paper - Call to Action - https://solarcoin.org/en/news/solarcoin_launches_government_policy_paper-call_to_action

7. https://www.tradingview.com/chart/SLRBTC/4aT0lasy-Solarcoin-gently-preparing-potential-strong-upside-move/

And I think we are very likely to hit double digits later this year - my advice for you guys is to HODL! It is very calm before the storm and I have the perfect song for it - https://www.youtube.com/watch?v=jW6geWqDXAQ

[javkot]

I will just add more about the recent news

1. ZUP Energy Assets are working on the possibility of a secondary market concept solely for SolarCoin - http://projectsolarcoin.com/#stats
https://i.imgur.com/AaJ91vb.png

2. Forbes /and many more/ on ACWA Power joining the project - https://www.forbesmiddleeast.com/en/acwa-power-adopts-cryptocurrency-solarcoin/
https://twitter.com/ACWAPower/status/953268756008046592
More about ACWA Power - http://www.acwapower.com/en/news/press-releases/acwa-power-becomes-first-utility-scale-generator-to-adopt-solarcoin/

3. Interest from First Utility after ACWA Power announcement - First Utility is the UK's leading independent energy supplier - Possible future adoption of Solarcoin? - https://twitter.com/SolarLux_Ltd/status/952135674483781632

4. Five energy suppliers to accept Solarcoin as payment, from the World Future Energy Summit - https://twitter.com/SolarLux_Ltd/status/953278721770766336

5. Exploring cooperation potential between IRENA and SolarCoin at the World Future Energy Summit in Abu Dhabi. - https://twitter.com/SolarLux_Ltd/status/953267042953515008

6. SolarCoin launches Government Policy Paper - Call to Action - https://solarcoin.org/en/news/solarcoin_launches_government_policy_paper-call_to_action

7. https://www.tradingview.com/chart/SLRBTC/4aT0lasy-Solarcoin-gently-preparing-potential-strong-upside-move/

And I think we are very likely to hit double digits later this year - my advice for you guys is to HODL! It is very calm before the storm and I have the the perfect song for it - https://www.youtube.com/watch?v=jW6geWqDXAQ

Wow, good work daniobg at collecting all the latest big solarcoin news. I had my buy order at 9500sat, but after looking through all of this news, we may not get down that low ever again!

[themeco]

Great to see all this positive news! It looks like things are going to start moving much more rapidly. With large energy companies willing to accept SLR as a payment, it gives a lot of legitimacy to the project. I think things will snowball from here, as we can already see with growing interest from the energy sector.

I think if it wasn't for all the FUD going on in the markets right the value would be rising fast. This is a good opportunity for people to enter the market during the January sales.