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

[The SolarCoin Foundation]

SolarCoin (SLR)

The only digital Proof of Work/Proof of Stake currency to date with a Solar Proof of Generation mechanism that grants SolarCoin to generators of clean renewable solar energy!

SolarCoin is an alternative digital currency with a built-in mechanism to incentivize the generation of global solar electricity. By simply mining until the PoW phase is complete and then staking SolarCoin holdings once 100% PoS is triggered while also exchanging SolarCoin (via real world use or trading on an exchange) just as you would any other digital currency, you are contributing to the development of clean renewable solar energy! Solar energy, unlike fossil fuels, does not place excess heat or carbon into the atmosphere. The creation of new renewable energy resources by SolarCoin results in a nearly carbon neutral mining footprint via the 100% Proof of Stake mechanism being created to secure the network.

§1 = 1 MWh is the key ingredient of the SolarCoin vision. In economics, this is called parity. It is the foundation of a global currency that can provide both economic utility (backed by electricity production as a commodity) and economic stability (electricity generation is tied very closely to GDP growth historically). The value of SolarCoin in the future will be directly related to the value placed on generating 1 MWh of solar electricity which has the same utility no matter where in the world it is produced. Please read the white paper written by the two co-founders for more detail on this economic aspect of the SolarCoin model.

SolarCoin will be a Proof of Stake based alternative digital currency. This hashing method is designed to secure and reward a community of holders who support the SolarCoin vision. But SolarCoin's true innovation comes from its secondary proof of work reward: the Solar Proof of Generation. Green solar energy producers are entitled to receive one SLR for every MWh of solar electricity they generate: §1 = 1 MWh. In order to claim a Solar Proof of Generation reward, solar installation owners must submit an application to The SolarCoin Foundation identifying the nameplate capacity of their system along with their geographic location. Using this information, a 15% formula is applied and SolarCoin is granted to the generator automatically every six months on the anniversary of their application. All Solar Proof of Generation rewards will be stored as transactions in the blockchain.

As an example, a 10 kW solar installation will earn §13.14 per year or approximately §1 per month, to be paid out automatically every six months. This is a temporary granting method until such time as the technology improves to the point that the grants can be made completely autonomous and fully decentralized, preferably through a decentralized contracting system. The goal and vision for SolarCoin in the future is to become a fully decentralized autonomous organization (DAO).

SolarCoin is currently managed as an open community project by volunteers working together as The SolarCoin Foundation. The Foundation is responsible for all distribution of SLR rewards for the Solar Proof of Generation and other grants (i.e. charities, bounties, etc..). As a fully transparent organization the Foundation will publicly document all of the SolarCoin transactions in their entirety via a public ledger and the SolarCoin blockchain.

The total supply of SolarCoin in circulation will be approximately §98.1 billion over the next 40 years. This is fully documented and is comprised of the following:

• Public Staking and Mining: ~§100 million (0.1%) of which §34.15 Million are publicly mined using scrypt PoW until such time that the Proof of Stake algorithm is implemented. All publicly mined SolarCoins represent historically generated and unclaimed solar electricity. From block 357,520 forward, the only new supply of coins will come from claimants supplemented by the PoW phase at §1/Block that will be in place until the PoS algorithm comes online and thereafter new supply comes at a rate of 2% staking interest that will be built into the PoS model.
• The Generator Pool: §97.5 billion (99.4%) are currently stored in a secure, non-circulating generator pool account. These will be exchanged for “proof of generation” claims of solar electricity producers submitted over the next 40 years at the rate of §1 per MWh of solar energy generated. As claims grow, these SolarCoins will be released and become part of the “coins in circulation” such that the growth in supply over the next 40 years should mimic the growth in solar electricity generation worldwide, assuming all generators claim their coins.
• The Genesis Pool: §500 million (0.5%) are stored in the genesis pool account for environmental charities, early volunteers, advisers, builders and maintainers of SolarCoin infrastructure. Genesis pool circulation is capped so that it will never represent more than 5% of total SolarCoin in circulation at any given time.

The Foundation is currently organizing its initial charter and members; anyone can join and participate.



SPECIFICATIONS

• Scrypt PoW §1/Block until PoS algorithm is implemented
• 100% Proof of Stake with 2% staking interest (Launch block at 830,000)
• §98.1 billion total coin supply over 40 years
• §33.5 million coins in circulation (as of October 27, 2014)**
• Starting on Block 310,000 the PoW block reward will go from §100 per block down to §1 per block and stay there until the 100% PoS algorithm is implemented
• 1 Minute Block Targets
• KGW Block Difficulty Adjustment in place until PoS kicks in
• 140 Character Transaction Messaging
• RPC PORT = 18188
• P2P PORT = 18181

BLOCK EXPLORER

   SolarCoin Chainz Explorer


PoW MINING POOLS

   www.cryptopoolmining.com
   solarcoin.miningpoolhub.com

 
EXCHANGES
 
   Bittrex
   Allcrypt
   Solcrypto (auction style exchange for direct purchase with fiat currency)
   Cryptex
   Bleutrade


 
SOCIAL
 
    Twitter
    Facebook

CONTACT

    If you have questions or comments, please contact us directly through the following webform: Contact SolarCoin Foundation



**SolarCoin was released in January 2014. The original ANN thread can be viewed in its entirety here for those interested in digging into the full history and progression of the project.

[1714000879]

1714000879

[1714000879]

1714000879

[1714000879]

1714000879

[1714000879]

1714000879

[jjj0923]

I drive a Prius - do I get coins?

[Epiphany]

I drive a Prius - do I get coins?

Is it a solar powered Prius??? 

[Epiphany]

I drive a Prius - do I get coins?

Tell you what, you post a SolarCoin address and I will gladly send you some SLR as thanks for doing the environment a favour with your choice of vehicle. How's that sound?

[IMJim]

I drive a Prius - do I get coins?

I walk to work, do I get some SLR for that:-)

It's a LONG walk too......from my bedroom to my office!

[IMJim]

Are we still scheduled to change to POS at block 310,000?  If so the OP needs to be updated.

[freebird]

Are we still scheduled to change to POS at block 310,000?  If so the OP needs to be updated.

We're starting the PoW block reward reduction and implementing KGW at block 310,000. Then the switch to PoS will come about a month later.

[Epiphany]

Are we still scheduled to change to POS at block 310,000?  If so the OP needs to be updated.

No, the block reward reduction mechanism is what kicks in at 310,000. The PoS model will come about 4-5 weeks after that. That PoS wallet isn't quite ready yet but our development team is working on it right now. I'm sure they will post progress with that accordingly in this thread.

[IMJim]

Yes yes, I remember now.....thanks guys!

[SolarHorizon]

I followed the directions to Enter the following text in the command line, one at a time.

After I input the code I get back:

{"code":-32601,"message":"Method not found"}


How do I get the wallet on my MAC?

Thanks

[freebird]

I followed the directions to Enter the following text in the command line, one at a time.

After I input the code I get back:

{"code":-32601,"message":"Method not found"}


How do I get the wallet on my MAC?

Thanks

Thanks for trying out the new Mac wallet. We're still in the process of testing/debugging that one. Some users have said it works perfectly and others have said it doesn't work for them. The team will make sure to resolve this issue in the next few days.

There's also an alternative way to add the nodes. You can add them manually to the solarcoin.conf file. On Mac it should be located in this folder: ~/Library/Application Support/solarcoin

[jjj0923]

I drive a Prius - do I get coins?

Is it a solar powered Prius??? 

it has solar panels in the roof

[Epiphany]

I drive a Prius - do I get coins?

Is it a solar powered Prius??? 

it has solar panels in the roof

Screenshot or it didn't happen... 

[jjj0923]

[Epiphany]

That is awesome... Do you really have one? How much energy does it produce?

Ahhh I see now, just read about that. It's to cool the interior with a fan while the car is off and the fan is powered by the solar panel on the roof. Is that it in a nutshell? I didn't know about this though, thanks for sharing.

[jjj0923]

That is awesome... Do you really have one? How much energy does it produce?

Ahhh I see now, just read about that. It's to cool the interior with a fan while the car is off and the fan is powered by the solar panel on the roof. Is that it in a nutshell? I didn't know about this though, thanks for sharing.

yes they're awesome and it's get 55 MPG and I drive 37 miles to and from work each day. the solar panel will run the a/c easily during the summer - I sit at a ligh without the engine running and the a/c is blowing cold.

I love the prius.. it's actually pretty fast too with it's electric motor - acceleration is awesome with instant response.

[freebird]

That is awesome... Do you really have one? How much energy does it produce?

Ahhh I see now, just read about that. It's to cool the interior with a fan while the car is off and the fan is powered by the solar panel on the roof. Is that it in a nutshell? I didn't know about this though, thanks for sharing.

yes they're awesome and it's get 55 MPG and I drive 37 miles to and from work each day. the solar panel will run the a/c easily during the summer - I sit at a ligh without the engine running and the a/c is blowing cold.

I love the prius.. it's actually pretty fast too with it's electric motor - acceleration is awesome with instant response.

Dude, that is awesome.

[seerhaad]

I just want to be on the first page 

Solarcoin 

[Epiphany]

I just want to be on the first page  

Solarcoin  

You know, you make a good point! So I'm going to list as many people as I can think of off the top of my head from the other thread. Then new folks to SolarCoin can have an easy reference to individuals who have been solid and loyal supporters/volunteers to the SolarCoin mission for a while, many even from the beginning. Each of these people did their research and were thoughtful about their decision to support SolarCoin, they aren't here on a whim. So treat them with respect, they have done their homework and a coin like this one requires research because it is truly a worthy investment. They know their stuff!!! These people are the founders as far as I'm concerned. Joe and Nick are the creators and now we are the ones who get to light it up.

To the Sun!

Now the list (in no particular order):

corather
Vipgelsi
LuckyKey
freebird - the symbol §? His idea
terciops
IMJim
passionsurf
drizzle
seerhaad
sylph
fabula
rockrabbit
jepistons (where has he been??? )
djchoppa
eLBee
kikeda
lfloorwalker
ninjaboon
chapmanjw
ddirt
braxx
romang
mackattack
mannie
ghost.trader  
pikuchato
deathmul
brightlight
mazzaneo
zzojar
themeco
desil
vitarian
bgmc
redwhite037
ubi4doges - coined the phrase "To the Sun!" here first
biodieselchris
DerErsteMensch
Goattrading
nuketeacher
Tachyon2032
Nick70001
danel
Crypto Trader
grandpa
Cannacoin team (our developers)


I'm sure I'm forgetting many, many more. Please mention anyone I have missed so I can add them to the list, this way all of them get a mention on the first page!

Edit: Ha! I forgot myself!   I used to go by Vexatious but then changed my name. I swear to god I feel like a damn convert or something over the past few months. It's like some bizarre enlightenment is taking place and I'm feeling really good and free or something. Liberated even.   Then again, maybe I'm just smoking too much pot, that could be it too.  

[IMJim]

Yeah me and SolarCoin came onto the crypto scene almost at the exact same time.  Was the first coin I mined and the first coin I invested in, I think it was the first coin I researched on as well.  Knew immediately I wanted me some SLR:-)

BTW - That's a sweet little ride you got there man!!

My wife and I had a fairly large solar system put on our house this year and the installer came to the house with a small Toyota that was covered in solar panel decals......looked pretty cool actually but yours are real:-)  Haven't seen functioning panels on a car before, thanks for sharing the pics man......really cool!