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681  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 05, 2015, 06:20:18 PM
thus far, we have bleutrade that should be ready for launch, just waiting on final confirmations.
you can vote for us at cryptsy: https://www.cryptsy.com/coinvotes (we have 11 votes so far, we need lots more!)
we are awaiting moderator review at cryptopia for inclusion into their coin voting program, i will announce when you can vote for us there.
we are awaiting confirmation at poloniex as well.

we are also looking into the development of a faucet that would open within 48hours after launch as well as having us included on the bleufaucet.
No, not Cryptsy, no... they're one of the worst exchanges out there! I'd recommend everyone stay away from Cryptsy.
Poloniex would be great, though.

ive heard/read a fair amount of negativity regarding cryptsy, as well as arguments on the other side of the spectrum. they DO have a high volume per day which can be a boon for liquidity, BUT they have had a number of issues regarding bugs in the system (the infamous withdrawl of 60BTC for a guy who had a 0 balance for example.) ill be doing a lot more research into them for sure.

im hoping that we get our confirmation from poloniex. from a large number of the community, this is one of the most trusted sites which also has a decent exchange volume per day. i use bleutrade, personally, more than the other sites, more so for ease of their platform, even though they are a lower volume exchange. theres good in both dichotomies, a lower volume/24hr exchange would help to keep scarcity up, in a way, but a higher volume/24hrs exchange helps get SOIL into more hands much more quickly.

fingers crossed for poloniex, the only problem with them is that there isnt really much of a way to check on the status of a support ticket requesting coin inclusion although ive spoken with mods in the trollbox a few times and theyve been SUPER helpful.

likewise, im hopeful that we can get things rolling with cryptopia sooner than later. the community there is amazing, extrememly helpful. i want to have at LEAST two exchanges ready for when we launch, preferrably three. it spreads out the trading possibilities and keeps a centralization of trading from being limited to just one exchange where price manipulation can be more easily created.
682  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 05, 2015, 02:55:58 PM
Quote
ok thank you very much for your explanation is already known that I echange be released ?

thus far, we have bleutrade that should be ready for launch, just waiting on final confirmations.
you can vote for us at cryptsy: https://www.cryptsy.com/coinvotes (we have 11 votes so far, we need lots more!)
we are awaiting moderator review at cryptopia for inclusion into their coin voting program, i will announce when you can vote for us there.
we are awaiting confirmation at poloniex as well.

we are also looking into the development of a faucet that would open within 48hours after launch as well as having us included on the bleufaucet.
 
683  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 05, 2015, 01:51:21 AM
Quote
Hello that such a question can you tell me the price you will approximate the currency would appreciate thanks

the question of initial valuation is something we have been looking at for the last week or so, and have not made any final decision. one consideration is that the actual value of ANY cryptocurrency, from Bitcoin to Ethereum to SOIL, is simply what the traders on the online markets are prepared to pay for it as a speculative asset. another consideration is that, upon launch, nearly every coin has a steep decline in value from the initial valuation due to early dumping of coins on the markets, making a stronger sell wall than buy support. with the large amount of testnet bounties we will be delivering to those who contributed, many of those coins will very likely find their way to the markets rather quickly, which will be good in the short term as it will allow many more people to have SOIL in their accounts.

being that we are releasing an ethereum-platform based coin, we can use the examples the other coins have had since they were launched. truly, the ethereum platform can be considered a "premium altcoin" and the general values of Ethereum-platform based coins will be forever tied into the value of ethereum by assosciation... but generally, the overall values of the coins will be very good as time goes on as long as the developers remain involved..

ETH made its way onto the markets trading at close to or above 500,000 satoshi (.005BTC or $1.19USD at todays rate) and is presently trading at 270000/305000 satoshi (0.64/0.73USD) a month and a half after launch, losing 40% of its value. EXP also hit the markets at 500,000 satoshi, but quickly plummeted and now trades at 21500/25000 satoshi (0.05/0.06USD), losing nearly all its value. SHF launched at 110,000 satoshi (0.26USD) but dropped nearly immediately to 75,000 satoshi (0.18USD). it presently trades at 3800/4800 satoshi (0.009/0.011USD)

a lot of the decline in prices can be attributed to the difficulty BTC has had regaining its value after the sudden 20% collapse on August 19th. it has basically maintained its valuation since that time, with minor fluctuations. other contributing factors is the community's perception. both ETH and EXP had massive premines, and while the EXP team has been more transparent in explaining the premine funds usage as of late, and they have a wonderful development team working on the project, the FUD-factor plays a big part.

there is truly a misunderstanding regarding the costs of developmental funding within the cryptocurrency community, and the moment the average member of the community sees the word "premine" they think "scam", which when you really look into the situations with the Ethereum-forked currencies, is not the case. im really not sure whats up with SHF, but i believe that each of these currencies are still in their nascent stages and will rise in value again, its just a matter of patience.

that being said, there are a few equations that can be used as a reference to what an initial valuation SHOULD be, although they work better when they are simple SHA256 or scrypt based coins. one essentially assumes "total BTC endsupply/total altcoin endsupply/500 to 5000". assuming an eventual hard cap of 30million SOIL (a massive assumption but for arguments sake) we wind up with 21million/30million/500 to 5000, which brings us to a figure between .001BTC-.0001BTC (0.23-0.02USD) which is a massive margin, but gives us something to start working with.

another equation assumes a relative daily average against BTC-valued mining. the basic assumption of 1BTC/day in mining (boy id love to see that sort of rate for mining), coupled with the idea of a profit of 15% made above 1BTC over all blocks mined in a day (number of coins minted) which for SOIL we will average up to 20,000SOIL/day, and we'd be looking at an initial valuation of 50,000 satoshi. ($0.11), right in the middle of the previous margin.

again, these equations are based on sha256 and scrypt algorithmically based altcoins, so we need to factor in the perception of ethereum-platform based currencies being somewhat of a premium coin due to its functionality like bitcoin as a currency, coupled with its innovative blockchain protocol containing the added capability to write and execute simple or complex contracts upon the blockchain itself.

so, a simple answer to what the initial valuation of SOIL will be upon launch is a complex one to which we havent got a complete answer, but is somthing i am taking very seriously and researching very diligently. i am hoping we can aim for an initial valuation approaching .0015 to .00175 BTC (between 35 to 41 cents USD), but we might be looking at something +/- 25% of those figures. if there isnt a massive influx of SOIL onto the markets in the short term following launch, and with our committment to maintaining a transparent operating process, we should be able to keep a value of 80% of the initial valuation for the long term while maintaining the incentive for miners to continue to work on validating the blockchain transactions.

there are plenty of bitcoin clones out there... lets call it a GLUT of cryptocurrencies, with little or no relative value beyond their use as a speculative minetary unit. many of them have little scarcity and unlimited mintage planned. (another argument for a hard cap on total coins, but thats something we will leave in the hands of the community to vote upon within the first year) the inherent value of any altcoin has to be recognized by the demand for the coin by early adopters. the ADDED value of SOIL will be thru the applications we will have placed on the system in the first year, and beyond, which is where the REAL work comes in. creating an increasingly scarce commodity will be a huge factor in the long term value of SOIL.

a lot more work has to go into finding the right value that will maintain itself to within 25% of its initial valuation, and as soon as we launch, work will begin on bringing in the target industrial sector (automated agriculture and ecological software applications) onto the blockchain, which rather than a currency you can buy something at the local corner store with, even though ive got some ideas in that direction, and have spoken with garden-seed retailers about, SOIL will become the "fuel" of the new agricultural revolution.

altcoin economics is only as useful as what the rates are on the exchange tomorrow morning, at any time, so a lot of it is completely academic, but there are some benchmarks we can rely on.

i apologize the lengthy explanation here, but its a good question with a very complex open ended answer. i AM looking at this issue with a lot of serious attention, and we WILL have a properly proportionate initial valuation, and the dedication to work at maintaining that as best as we can over the long haul, BUT, once its launched, for the most part, caveat number one comes into play... the value of SOIL on september 18th at 6PM GMT, 24 hours after launch, will be what the market is willing to pay for it, and all the economic forecasting that we can come up with right now doesnt mean a hill of lima beans.

we plan on being a serious contender in the cryptocurrency marketplace, and are aiming for a top20 market capitalization within the first year. we plan on being around for a long time, but theres no way to predict where the market will go. i will be bringing an initial valuation to the attention of the community before we launch, and i urge patience in waiting for that as theres much more research to be done and considered before we can make an educated decision, but the framework is there, and short answer after a long rant:

im hoping for an initial valuation of .0015BTC. how well we maintain that will be up to the community as a whole. if we can keep your trust in the project, and continue to innovate and improve the platform, i think we will, in a few years, find our way into the top10 amongst market capitalization.
684  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 05, 2015, 12:33:55 AM
yeah, id noticed my favorite pool at oneether wasnt listed there. i looked around for the source code for one.chain and one.pool online, but couldnt find them on github. the release schdule shows they were released on september 29th, so theyre out there somewhere in the wild. ill have to do a deeper search thru github and google tonite for them.
Here it is: https://github.com/OneEther/OneBackend - they've posted it on reddit (https://www.reddit.com/r/ethereum/comments/3mxb8x/oneether_releases_backend_source_code/) along with OneBoard (https://www.reddit.com/r/ethereum/comments/3mand2/oneether_open_sources_oneboard_the_simple/) several days earlier.
I like their simplicity. Unfortunately, it looks like the Ethereum community didn't pay much attention to them Sad

And if you plan to set up your own pools for soil on start - I know about suprnova, but more pools is better - then you have minimum two opensourced pools which you can use as a basis - OnePool (link above) and WeiPool (opensourced some days ago, google it if you want).

About block explorers: in addition to etherscan.io, I can also recommend etherchain.org - it is more simple. I, personally, use etherchain more often... may be because it is older and I'm just used to it))


thank you for the link!! i was searching for OneEther and not the other way around. (bangs head on table)

i think having several pools set up before we launch would be important. it prevents a centralization of mining power to one location, aside from the solo miners. its great having suprnova already involved and prepared for our launch. ive mined there many times and found it to work wonderfully. BUT.. im going to be contacting the other pools that host ETH (and EXP and SHF) who already work with the hashimoto dagger algorithm, to be able to reach as many miners as possible and to spread the hashrates out. will check out weipool as well. noticed that etherchain also hosts a pool as well, so something more to look at. thank you so very much for your wonderful advice.

685  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 04, 2015, 09:31:13 PM
Quote
stats.ethdev.com is not a "normal" explorer - it is not automatic: nodes are listed there only if their owners had explicitly done some actions to appear on that stats. It is NOT a "network status viewer" tool.
Better look at etherscan.io, for example. And, also, oneether.com have their code open-sourced - you can use it for soil!

yeah, id noticed my favorite pool at oneether wasnt listed there. i looked around for the source code for one.chain and one.pool online, but couldnt find them on github. the release schdule shows they were released on september 29th, so theyre out there somewhere in the wild. ill have to do a deeper search thru github and google tonite for them.

i actually love oneether's setup. ive been mining on their pool from day one of its release, and aside from a few hiccups (a couple days with several hours of downtime, a sticky hashrate that was fixed by updating ethminer to the latest release...) its been the best pool ive seen, and it would be wonderful to set up something similar for soil.

at least we have a couple weeks remaining before launch to get that accomplished. the one.chain page is very simple, but sometimes simpler is better, at least insofar as the sort of information i want to make sure is readily available and transparent.

etherscan.io looks amazing, the wealth of information available there. ive been looking at a lot of block explorers the last few days, and i think we will definitely need one based on ethereum platforms to work the best for us. we have had discussions with one developer that seem very promising and ill be looking into those sites you provided with much greater depth tonite. thank you very much for the information....


686  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 04, 2015, 11:47:44 AM
I wonder is it possible to make something like this https://stats.ethdev.com/ for soil. anyone knows?

thats an awesome looking node list. the information there is amazing. having that sort of data at ones fingertips makes verifying the networks health a snap. it would be nice to see what the hashrates for each node is, too. ensuring that a centralization of block processing can be avoided is important.

we've also had ongoing discussions regarding a block explorer with providers, and are still endeavoring to have one that includes simple clickable wallets so that the community will be able to verify the "community reserve" balance as well as the development team's balances. for me, the principle of total transparency regarding that is paramount. the public ledger with that information will be constantly available, but id still like to have that intelligence immediately accessible to everyone. i think that breeds confidence in the project as a whole.
687  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 04, 2015, 11:24:01 AM
Admin,

I was a registered testnet miner and churned up ~840 soil. Why do I get no bounty reward?

0x9492b1b55209269fcd03678edd24e4919ba8a23f

Cranky4u


im sorry i missed you Cranky4u. it was 1am local time when i was working on the list, so i mightve simply overlooked you when populating the list... added you to the bounty ledger.

Cranky4u|0x9492b1b55209269fcd03678edd24e4919ba8a23f   SOIL mined-879.061449   bounty-134.55921735
688  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 04, 2015, 04:23:18 AM
hi everyone. we are closing down the testnet portion of things as of 6AM GMT today, and will be discontinuing the testnet bounty program at this time. we have the main net prepared, and would like to thank everyone for their involvement in getting the launch of SOIL prepared. now we will be working on getting the block explorer set up, confirming with the exchanges for inclusion on launch day, and fine tuning those last few things that always crop up. we will be offering a 15% bounty on all testnet mined coins up to a maximum of 5000SOIL that will be deposited in testnet miners' wallets immediately after we launch. we will also be giving as a bounty to everyone who hosted a node for the purposes of running the testnet 3000 SOIL apiece.

these funds will come from the community reserve and i will be posting the ledger regarding those debits from the fund as soon as they have been sent. we will have the main net package ready for download well in advance of the launch, and ill need your mainnet wallet addresses so that i can forward those funds to you. i want to make sure that you get them in a speedy fashion.

i just want to take a minute here to thank each and every one of you for your assistance with bringing SOIL to life, this is an amazing community and i sincerely hope you all remain involved with this project in the long run and take part in the democratic voting for the further evolution of the project, and that you remain active mining on the testnet and on the exchanges for the long haul.

we are by no means done with this project, and as soon as we launch, the real work begins, and the focus, for me at least, will shift from setting up social media presences to more in depth discussions with industry representatives for DAPP development and implementation. i will be remaining completely involved with the community at large as the Community Manager, and will consistently strive to answer what questions i can in a prompt manner, both here and on the social media sites. if anyone ever needs to contact me, for any reason whatsoever, you can always reach me here, i will be checking in several times a day as i do now, or at our official email address: SOILcoin@yahoo.com or through my private email: abvhiael@live.ca i think its important to be available to you, the community, who has played such a big part in making this happen.

below, please find the list of testnet contributors and the bounties that will be sent to each as soon as the main net launches.

we will also be setting a "geek bounty" (2000 SOIL) for the first one who is able to decrypt the "extraData" hash of the genesis block of the main-net

username|SOIL address                                                          testnet SOIL mined                 bounty reserved

Bagdar13|0x9542ce1be9c2af0d789defa79f3109a1b4d198dc            36107.35587300                        5000.00000000
ciki022|0xa77d38df2864e74190a8d0e5446bd4c024cd72ce               2157.34375000                          323.60156250
ZonedOutSpace|0xbcc7566055c0958b6e40ff3c8facee200355bc69       220.15625000                            33.02343750  
GoldenEye|0x3d4d9dc249e799f39ef4b2bc802b8e7a9fcdfbf6            13537.18330000                         2030.57749500
tamdc|0xc9eb8b65f56b9febfeeaba7ceca868de8759b79e                    410.00000000                            61.50000000
psyx80|0x1006c9cd52122673880813e843f04827aa63edb2              20427.34270000                         3064.10140500
benjy33|0x18c4922665f156315aad0781a137017c54a17e20             54113.60795920                         5000.00000000      
kondiomir|0xda56670bf570d38cc8303b2c25b069b2ee515a1a               15.00000000                              2.25000000    
aagert|0x5beaf09ca9e07fa16fa146e9018c127903a76fbe                 94077.36020660                         5000.00000000  
tamara163|0x9318eca9ebccc19f0e228cb04e3bb453a6434d82             112.65625000                            16.89843750    
moroz00|0xaf2c3d11321e9140ed175044f08ce8e0414e4497                424.53125000                            63.67968750        
c4p0|0x5717b24aa71b4a56a5640f160a76900bdfab8657                    1861.09375000                          279.16406250        
techbytes|0x619638b62b9d8a1317ed4e85a9e56a761c7c5168             3590.31250000                          538.54687500
dimid|0xe917d06b0904f6c31f5f6af3f6833215fde09a09                      4465.31250000                          669.79687500
shaolin_rs|0x6e9056262b8a86fe6015239208a0568d542c0785             3660.94065000                          549.14109750    
bachin|0x65dd0618c4fece97ea63ca0485847abd45e9b5db                 12033.90625000                         1805.08593750
QRV|0x23e89d07d0c5d69fdafd7eaec04736769cb675e0                      7639.37500000                         1145.90625000
idolacchacked|0x6b2f0b97cb4395ce6d5099a666ead9dc17abd667          716.09375000                           107.41406250


TOTAL  18 mining contributors mined 255,569.57193880 SOIL with a total reserved bounty set for 23,660.10973500 SOIL

NODE CONTRIBUTORS

username|SOIL address                                                           node hosting bounty
CryptoBeef|wallet address needed                                                      3000                                              
GoldenEye|0x3d4d9dc249e799f39ef4b2bc802b8e7a9fcdfbf6                     3000
aagert|0x5beaf09ca9e07fa16fa146e9018c127903a76fbe                          3000
altsheets|wallet address needed                                                         3000
tamdc|0xc9eb8b65f56b9febfeeaba7ceca868de8759b79e                          3000
Taiga|wallet address needed                                                              3000
Borjcha|0x280d5967e60cc0613871a0fb38b0ab2a9ec01bb8                       3000

TOTAL 7 node contributors will receive 3000SOIL apiece for a total reserved bounty of 21,000 SOIL

GRAND TOTAL reserved bounties: 44,660.10973500 SOIL

i have sent private messages to those node contributors to remind them to send me their testnet wallet IDs.

*****PLEASE BE SURE TO SEND ME YOUR MAIN NET SOIL ADDRESS WHEN YOU DOWNLOAD THE MAIN NET PACKAGE SO THAT I CAN ENSURE YOU GET THE BOUNTY RESERVED FOR YOU!!!!*****

thank you all for contributing!
with great appreciation,
~abvhiael crowley
689  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 03, 2015, 08:10:28 PM
idolacchacked, psyx80, Q_R_V, thank you! http://prntscr.com/8n8wyp
idolacchacked, I need your testnet address where to send thankyous ))
One more confirm to go, guys... last 500 soil awaits!

abvhiael, I was already on the list of contributors, you didn't have to add me again in the end Wink



(laughs) youve done so much for us, i guess i had to add you twice!! to be fair, i was working on that list while i was still drinking my first cup of coffee of the day, so i wasna properly fueled up.
690  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 03, 2015, 01:00:30 PM
this list is as up to date as the information i have, but if ive missed your testnet wallet address, please contact me.

testnet mining contributors:

Bagdar13|0x9542ce1be9c2af0d789defa79f3109a1b4d198dc         
ciki022|0xa77d38df2864e74190a8d0e5446bd4c024cd72ce           
ZonedOutSpace|0xbcc7566055c0958b6e40ff3c8facee200355bc69     
GoldenEye|0x3d4d9dc249e799f39ef4b2bc802b8e7a9fcdfbf6       
tamdc|0xc9eb8b65f56b9febfeeaba7ceca868de8759b79e             
psyx80|0x1006c9cd52122673880813e843f04827aa63edb2           
benjy33|0x18c4922665f156315aad0781a137017c54a17e20         
kondiomir|0xda56670bf570d38cc8303b2c25b069b2ee515a1a           
aagert|0x5beaf09ca9e07fa16fa146e9018c127903a76fbe           
tamara163|0x9318eca9ebccc19f0e228cb04e3bb453a6434d82           
moroz00|0xaf2c3d11321e9140ed175044f08ce8e0414e4497           
c4p0|0x5717b24aa71b4a56a5640f160a76900bdfab8657             
techbytes|0x619638b62b9d8a1317ed4e85a9e56a761c7c5168         
dimid|0xe917d06b0904f6c31f5f6af3f6833215fde09a09             
shaolin_rs|0x6e9056262b8a86fe6015239208a0568d542c0785       
bachin|0x65dd0618c4fece97ea63ca0485847abd45e9b5db           
QRV|0x23e89d07d0c5d69fdafd7eaec04736769cb675e0               
aagert|0x5beaf09ca9e07fa16fa146e9018c127903a76fbe           

691  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 03, 2015, 12:49:23 PM
abvhiael, please consider reworking that big wall of text on SOIL website into sections with smaller pieces of info, where each piece concentrates on just one (and only one) idea. I, personally, like to read, but when info is structured with separate and clearly visible accents - it is better for everyone (easy to see, easy to understand, easy to remember). Nowadays people are used to such structure - modular, not "wall of text". It's ok to write long posts in the forum, but on the website your need to do that rework. It helps, believe me.


i appreciate the advice. the message im trying to communicate with SOIL is a complex one and i formatted the website as well as could be done without it devolving into bullet points, which from the way i was taught in english class, lo those many years ago, was the sign of an unorganized mind. its not as bad as trying to read a stephen king novel!! or as brain spinnery as trying to get thru any of vitalik buterins blog posts... (chuckles)

the FAQ and SPECS sections were a little longer than id anticipated, but i wanted to cover the basics for those among the cryptocurrency (and among our target market for DAPPS) to understand a little easier. if i had more of a working knowledge of website building i would have placed much of that on separate hyperlinked pages... so, yes a "wall of text" can be a bit daunting, but any business proposal must cover as much of the potential angles that could be asked as possible while remaining well thought out and comprehensive.

when i jumped into the altcoin world, there were very few sites that made it easy to understand the deeply esoteric terminologies. the whys and wherefores. many of the subjects that we take for granted, that we now understand intrinsically, are extremely difficult for someone just coming across the world of cryptocurrency. especially our targeted industry sector.

the ethereum-based platform is so innovative, so unlike anything thats come before, that bullet points and one sentence paragraphs dont do it justice. i tried to condense the whole idea of DAPPs and how they work into the website, and finally gave up, leaving that instead for those business proposals that have been sent out to the larger corporations at the forefront of automated agricultural technology.

anyhow, thank you for your input. i do appreciate a good bit of constructive criticism. ill try to rework it, or to split it into separate pages.

~abvhiael

692  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 02, 2015, 11:12:48 PM
So what is final number of coins? Also isn't 8 coins per block bit much? ..but also depends on question one.

the issue of a hard cap on the amount of total SOIL is something we plan on bringing to the community for a fair vote once we have enough minted coins in the hands of stakeholders to ensure a fair decision. personally, and economically speaking, i am for a cap of 30million SOIL, around the same cap that REDDCOIN has. a hard cap decreases the deflationary pull of a cryptocurrency with unlimited or billions of coins. ive done some of the math, and with the block reward and block times, we should see nearly 2500 blocks a day, minting around 19750 SOIL a day. this will produce a little north of 900,000 blocks a year for a total minting of a little more than 7.2 million SOIL a year. if we look to halve the block reward every 2million blocks, we would be halving the reward every two years. thus, after year2, there would be approximately 14.5 million SOIL minted. after the first halving, there would be 3.8 million SOIL minted a year, or 7.6 million SOIL before the next expected halving. following this schedule, it would take a little over ten years to reach a cap of 30 million SOIL.

other members of the community have asked about a switch eventually to PoS, which, if we waited until 75% of total coins were minted, this would not be an issue until year 6. this would give more than ample time for the difficult algorithms and inherent issues relating to a punitive proof of stake problem. the underlying ethereum platform will naturally have found solutions to these problems by then. by increasing a hard cap of minted SOIL to even 35 million, this would increase the minting lifespan of the coin up to another decade, depending on the stake reward percentage offered at that time.

these will be the sorts of questions that we will seek community consensus from when we have minted enough SOIL to ensure a fair voting process without any one person or small cabal of shareholders having a disproportionate voting bloc. ive already begun looking at third party decentralized voting platforms (such as BitCongress or CryptoVoter, or by building a system like Axiomity onto the blockchain for such a purpose) which would maintain the privacy of an individual stakeholders votes, eliminating vote coercion and reputation effects, and would also defacilitate stategic voting blocs. this would also prevent simple vetos and single transferable voting schemes.

the idea of one person/one vote compared to the one share/one vote paradigm is something we have to decide before that time, although i lean towards the idea that every full verifiable unit of one SOIL would be worth one vote on an issue. the problem with one person/one vote is that each person is essentially recognized only by their private key (wallet address) and that leads to possible manipulation by anyone with multiple wallet addresses. an application to verify the balance of SOIL in ones wallet (or wallets) and weighting a voting score based on that figure seems more democratic in a pseud-anonymous cryptocoin world. this also motivates shareholders to hold their SOIL and not dump them on the markets, producing a supply/demand ratio that will essentially keep the basic value of soil inflating. to ensure a fair distribution of SOIL within an aggregate number of wallets, i think it would be most prudent to have a total mintage of 5 million SOIL before implementing this (about 8 months)

the 8 SOIL block reward was reached as the happy medium from what members of the community suggested, and is something we feel will properly incentivize the mining community to stick with SOIL while maintaining a fair minted release of coins. EXPANSE also maintains an 8 coin block reward, the differnce being that we wont have an 11million coin premine. SHIFT, on the other hand, offers only a 3 coin block reward, which although keeps the total coin mintage low, also deincentiveizes miners from participation. ETHEREUM has a block reward of 5 ETH, but again has a massive premine, which was understandable to fund the development of the platform in the first place and a large development team that needed to receive a reserve for the hard work they did. we have a VERY SMALL core development team with SOIL, and a desire to make SOIL an attractive coin to mine with the possibility of decent profits for the miners. again its all about incentive to ensure miners continue involvement with the project.
693  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 02, 2015, 05:02:26 PM
Will you release a new version of the packages before main net lauch? or we should use the same programs for test-net mining? What configurations will we need to change to gets things working?
Hope someone can clear this up Cheesy

there will be a main-net package released for the launch. it will be out well before launch to ensure that everyone can get it set up without any issues. i can send you the link once its released through private message, and it will be posted here in the OP as well.
694  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: October 01, 2015, 05:06:34 PM
My testnet address : 0xe917d06b0904f6c31f5f6af3f6833215fde09a09

thank you. its been added to my list. many MANY thanks for contributing to the test net!!
~abvhiael
695  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: September 30, 2015, 11:50:14 PM
you are planning and implementation of POS?
POW-POS

we have discussed Proof of Stake, but for the time being we are concentrating on Proof of Work. a stakeholder with SOIL in their wallet WILL have rights to vote on the application of evolutions to the platform, etc once we have enough coins minted and distributed to ensure a fair democracy. things that could be decided by votes are also questions regarding block reward halving, or implementation of proof of stake or a hybrid of PoW/PoS down the road. proof of stake algorithms are significantly more complex than those for proof of work, and thus far, there hasnt been anything implemented on the ethereum-platform based coins for it, although "punitive proof of stake" (slasher 2.0) ideas have been tossed around. the ethereum platform is still in its infancy, and while we are watching how PoS could be implemented, theres nothing on the immediate horizon.

696  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: September 30, 2015, 11:08:51 PM
we will be, in the next day or so, be closing down the testnet and preparing for the main net launch. thank you to everyone who has helped us by mining, sending transactions, and hosting nodes. your assistance has been amazing and working with this community has been incredible. we will announce the mining bounties and node hosting bounties very soon after we close the test net. you guys have done an amazing job and nearly 175 000 test net coins were minted! we will be releasing the main net package soon after and will need those who have bounties coming to provide me with their main-net wallet addresses so that as soon as we launch i will be able to transfer those funds into your respective accounts. i will endeavour to have those deposited within your accounts within an hour of the launch (it will only be 1PM where im at, so ill still be hyper-fueled by caffeine) ill announce the bounty rates tomorrow once we have finalized them. and naturally, those debits from the community reserve will be posted in the online ledger immediately after theyre deposited in the bounty holders accounts, as well, in the interest of full transparency.

like all of you, im incredibly excited about the launch, and will be counting down the nanoseconds until that moment. this is the first cryptocurrency with which ive become this involved with the development of, and we have much more to do. its a bit overwhelming at times, the number of things still sitting on my to-do list, but you have all been so incredibly patient and understanding as we go thru the growing pains of a new currency. i will be available, long long LONG after the launch to answer any questions, and once we HAVE launched, we will need stakeholders to step up and help us form an advisory committee that will help steer the future development of SOIL. ive already begun speaking with agriculture industry representatives about what we can do for them and have received many positive responses so far. a major meat poultry farmer in the netherlands using "automated behaviour monitors" and a "bio-digester" (which produces green energy and provides power to nearly 350 nearby households) with whom my family has close connections has already expressed interest in integrating his farm manager software as a DAPP on the block chain, although implementation of that will be several months down the road, we will have a stable blockchain ready for him.

so, my question now, is what sort of features would YOU like to see added in? we've taken everything you have said so far and are working at implementing everything we can, and want to make SOILsafe and gsoil the industry standards, but, is there something youve seen in another altcoin wallet that youd like to see in SOILsafe?

one of my ideas that may be a medium distance from implementation would be what id like to call SOILvault, an online backup utility, cryptographically protected, using a PIN number or something, to keep your coins safe from loss due to hardware failure, corrupted wallet.dat files, loss of the private key, etc. its something that ive noticed on message boards thats a bit of frustration to people, and would be a very useful utility. of course, thats going to take a lot of work to build something like that, but its an example of the sort of ideas id like to hear about. we want to be able to continually improve SOIL.

have a wonderful evening!
697  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: September 30, 2015, 01:36:05 PM
although we have had great communications with the folks from poloniex and bleutrade so far, im still working on getting SOIL listed with the major and long lasting trusted exchanges in time for the launch... that being said... VOTE FOR US ON CRYPTSY!!!

https://www.cryptsy.com/coinvotes

mercy buckets.
~abvhiael

698  Alternate cryptocurrencies / Mining (Altcoins) / Re: MultiMiner: Any Miner, Any Where, on Any Device (Free, Open Source, Cross Platform) on: September 29, 2015, 11:42:02 AM
not sure if this has been dealt with before... EVRY coin i attempt to start mining.. as soon as i hit start i get a dialogue stating that the program is attempting do download sgminer 5.1, which is already installed. it asks me for permission to install, i click continue, then it fails out. it goes thru this twice, and THEN i can connect.. is there a fix for this?
699  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: September 29, 2015, 02:47:52 AM
after much input from all of you (which we value more than you can imagine) we have a tentative launch date of **october 17, 2015**. we havent set the exact TIME of day for the launch yet, we are trying to make sure that as many people as possible can take advantage of the launch. as soon as we have that exact time set, we will set the countdown timer on the OP and on the social media sites for SOIL. this will give time to get the main net package out, and let everyone set it up before launch. we should have two exchanges ready upon launch, bleutrade and poloniex. we have one pool ready for us, (thank you suprnova!) and thanks to altsheets, with whom we are in consultation with presently for his wonderful ABEE block crawler platform, that should be up and running for launch as well. thank you all for your patience and EXTRASPECIALLY thank you to all those who have been helping us find those bugs in the system so they can be fixed before the main net launches, and for mining the testnet and hosting nodes. we are a VERY small development team, and we couldnt have gotten anywhere as close as we are without your help. this is a coin i believe in, the potential of it, and i hope that we have gained your trust in our abilities, and i aim, in the next few years, to keep that trust. you, all of you, are what makes SOIL special. i feel honoured to be part of this project, and eternally grateful to the selfless assistance you all have given as we bring this project to launch. if i had hero cookies to give out, youd all be getting a big batch... but im a terrible cook. id prolly end up poisoning everyone. (chuckles) things will be busy as we approach the launch, and im sure more bugs in the system will crop up before then, so PLEASE keep on putting stress on the testnet and wallet packages, and we will do everything we can to fix any potential bugs that crop up beforehand so that we, as a community, will have a coin hitting the exchanges that we can all be proud of.

700  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Soil (SOIL) - Fair Launch, No premine, based on Ethereum on: September 27, 2015, 08:51:57 PM
we are working on the main net, and we should have an announcement this week, id think. i realize everyone is chomping at the bit. one question regarding launch, our idea is for a weekend launch, something close to 6pm or so GMT, which averages out the launch time to mid morning for north america, early evening for europe. (sorry asia, very inconvenient for you, but trying to accomodate the majority of users here) does that sort of schedule work well for the majority? which is better, saturday or sunday? we will, naturally, give enough notice so that it is indeed a fair launch. im guesstimating that we will likely launch in two weeks. that being said, what is the appropriate timespan for notice? i was hoping to have at least one weeks notice for the launch window. is that too long? too short? bear in mind that the launch will also be announced on other cryptoforums, which will be brand new [ANN]s and those fine other folks will probably maybe never heard of SOIL. i was thinking a weeks notice so that we can fully get those online exchanges ducks in a row and have everything scheduled to go live at the same time. i appreciate all your input. have a wonderful sunday, wherever you all are.

6pm UTC is fine, saturday is better.
I would prefer a two weeks launch window.

dawm im working at 6pm  Huh Huh Huh

what time zone are you in? we'd be giving a launch time relative with grenwich mean time.
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