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Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 441189 times)
nuke233
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January 11, 2018, 08:37:41 PM
 #5641

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

https://solarcoin-group.slack.com/  Smiley
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January 11, 2018, 09:15:25 PM
 #5642

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

https://solarcoin-group.slack.com/  Smiley

Thanks, but already got that from the previous posts. But how to join without an account? When trying with the email address I'm using here for example, I get an error message telling me to ask the workspace administrator for an account. No idea who that should be Wink
nuke233
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January 11, 2018, 09:24:04 PM
 #5643

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

https://solarcoin-group.slack.com/  Smiley

Thanks, but already got that from the previous posts. But how to join without an account? When trying with the email address I'm using here for example, I get an error message telling me to ask the workspace administrator for an account. No idea who that should be Wink

go to https://solarcoin.org/en/solarcoin-forum  there is a a invite form on the right  Smiley
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January 11, 2018, 09:26:32 PM
 #5644

nice, thanks! thought, it's something you guys here set-up. well... still the new one here Cheesy
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January 11, 2018, 10:33:45 PM
 #5645

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
sylph93
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January 12, 2018, 01:43:18 AM
 #5646

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

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Rensolar
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January 12, 2018, 03:35:46 PM
 #5647

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  Smiley 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
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January 12, 2018, 06:14:26 PM
 #5648

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  Smiley 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 
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January 13, 2018, 05:44:01 PM
 #5649

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/
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January 13, 2018, 06:34:12 PM
 #5650

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

SLR - 8dNrncD6mBWzPPQLMRqmk9oCxoC9N7Xfev
javkot
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January 13, 2018, 08:56:51 PM
 #5651

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
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January 14, 2018, 01:33:01 AM
 #5652

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

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January 14, 2018, 02:24:56 AM
 #5653

God speed!
sylph93
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January 14, 2018, 03:05:25 AM
 #5654

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

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January 15, 2018, 06:05:58 PM
 #5655

https://solarcoin.org/en/news/solarcoin_launches_government_policy_paper-call_to_action
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January 15, 2018, 07:50:34 PM
 #5656


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
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January 16, 2018, 03:19:23 PM
 #5657

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 Cry  Sad Sad

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January 16, 2018, 06:02:46 PM
 #5658

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 Cry  Sad Sad

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. 
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January 16, 2018, 06:05:40 PM
 #5659

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

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January 16, 2018, 06:31:28 PM
 #5660

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.

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