Today was a first for me. The first time I've EVER used a soldering iron and soldered a connection. I can't believe how easy it was and how strong the soldered connection is! I went to Radioshack and picked up a 15/30 Watt adjustable soldering iron, four 1000 mA-200V diodes, and a small thing of silver/tin rosin core solder. Pointing the current flow from the diodes towards the NO Connections on the coindoor microswitches, I soldered a diode in line between the microswitch and where the KeyWiz connection comes from, as well as from the NO Connections towards the solitary line that connects to the coin meter. I then took the lines from Coinswitch 1 and Coinswitch 2, that connect to the meter, and soldered them together.
It was quite interesting learning how to solder a connection. Basically, I took a shot glass full of pure grain alcohol to dip my fingers in, let the alcohol evaporate, then see that my fingertips were completely dry and free of oils. (Ethanol does a damned good job of drying out your skin and that allows you to work with the wire without any oils or greases from your body screwing things up). With ultra dry hands, I went and twisted some of the copper wire around the leads on the diodes after using some fine grain sanding papers to clean up the surfaces. With all connections twisted together, I plugged in the soldering iron at 30 W to let it heat up pretty quickly and strongly.
I took the iron and put it on the twisted wires and let it heat up until the solder that tinned the tip of the iron began to flow and smoke a bit. I then removed the iron and quickly applied my silver/tin solder. It was pretty cool seeing the solder flow from the solid wire into the little gaps between the twisted wires, then solidify. I repeated this until the soldered joint appeared to be secure without too much solder on there. It cooled almost immediately and it is now a nice solid mass.
Sadly, I didn't have a spare USB cable lying around so I couldn't actually test my connections this weekend. (I don't feel like driving out to pick up another cable today). Next weekend I hope to be able to test out the wiring and see if it works. I need to also decide how long I need the wire from my coin door up to my KeyWiz needs to be so I can finish soldering that line. I may just end up attaching some very long wires to the diodes now and shrinking them down later on when I see how long they actually need to be. Much easier to make a cable shorter than it is to make it longer.
I think this will all work out and using a USB connection to provide the voltage and current to the meter and then back out through the encoder shouldn't cause any harm at all. (Since the encoder is able to connect via USB, it must be able to safely handle the 500mA that the USB connection supplies).