SolarCoin : Making money and helping the environment at the same time!
Around a year ago I wrote a post regarding the merits of SolarCoin and how solar energy generation is on the rise. Since then a lot of positive momentum has occurred in the cryptocurrency market as I am sure many are aware and the price of SolarCoin itself is up exponentially since the time I wrote that original article.
Still lots of room for growth
Although SolarCoin is up I believe that it certainly has lots of room to grow. According to ThinkSolar, an installer of solar panels in the US, $7.8 trillion is expected to be invested into solar energy by 2040. According to the SolarCoin website, 1 MWh of energy is roughly equivalent to 1 SolarCoin (SLR). This means that at the end of the month you can send proof of how much energy your home, building, or solar farm generated through solar energy and receive the equivalent amount of SolarCoin.
Team
SolarCoin has a brilliant team of engineers as well as those with a lot of experience in the field of finance. You can view a bit about the team on Crunchbase. The Co-founder and CEO Nick Gogherty has lots of traditional finance experience formerly being a Sr. Business Analyst for Bridgewater Associates which is a top American investment firm. He is also currently the CTO of Healthcoin whose goal is to manage and reward diabetes prevention, and is also a Chief Strategist at Lykke AG which is based in Switzerland which is poised to become a leading trading platform as well as wallet.
How can one get involved with SolarCoin?
If you have solar panels and are generating energy I definitely advise looking into registering as a facility and getting rewarded for the energy you generate - more information can be found in regards to that on the official SolarCoin website.
One can also buy SolarCoin (SLR) with Bitcoin as well as some other currencies you can view the different markets that SLR trades on via Coinmarketcap.com.
Another way one can get involved with SLR is by hosting up a node on a Raspberry Pi and getting rewards through keeping an updated node (similar to staking) - no SLR is required for this and the process works on any sort of single board computer or pretty much any computer that can run the SolarCoin client for that matter. An extensive document that will cover that process will be written up soon so you can expect that coming up.
If you're a developer and want to get involved you can do so by supporting projects such as ElectricChain you can learn more about other projects from the official SolarCoin website as well.
Killing two birds with one stone
If you're already generating clean energy through solar panels, SolarCoin is a no brainer if you want to be incentivized even more outside of the tax cut you probably get from the government. SolarCoin is therefore probably one of the best things you could do to make yourself some extra income while helping the environment at the same time.
Excellent idea, you can buy TOPSOL too.
SolarCoin is still small and so it provides excellent potential as an investment. It is gathering pace now and more SolarCoin is sent to producers every month.
Well done and great post!
great idea congrast i follow you!