Turning Solar Energy into SolarCoins for the Environment
You’ve heard of solar electric energy, and you’ve heard of cryptocoins such as Bitcoin. But have you heard of generating digital money by generating solar electric energy back to the grid? That’s the pitch of SolarCoin, a form of digital currency paid when registered members send extra energy from their solar cells back to the grid. http://txchnologist.com/post/80589093058/digital-currency-looks-to-charge-up-solar-electricity
Sounds counter intuitive for someone to pay for you to generate solar electricity and send it, not to them but to the grid, which already pays standard money for that energy in most places as a matter of law. http://solarcoin.org
The promise of the organizers of SolarCoin is that for the next 40 years, any residential home owner signed up, large or small generator, will be paid one SolarCoin per megawatt of power they can document that has been returned to the grid, regardless of whether someone else, such as an energy company, pays for surplus returned to the grid. http://solarcoin.org/faq-frequently-asked-questions/
Analysts at HFS say the deal gives incentive to only those already interested in investing in solar electric equipment but who need a small push to take the next step. No guarantees can be offered for the future of any digital currency, including SolarCoin, but if the coins help produce more electricity at homes, the SolarCoin Foundation wants to help. That sounds like a good cause, to us.
What do you think?
