🌱[ANN] SOIL | Environmental | Agriculture | Smart Contracts | Sustainable

[Cranky4u]

Admin,

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

0x9492b1b55209269fcd03678edd24e4919ba8a23f

Cranky4u

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 bounty for the wallet ID that "finds" the genesis block when we launch. everything will be kept in the public ledger which we will be keeping up to date here in the main thread.

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

[1715506538]

1715506538

[Cranky4u]

0x6b2f0b97cb4395ce6d5099a666ead9dc17abd667

here is my test net addy

Thank you for confirmation http://prntscr.com/8nh9vu

...I have win7, R9280X, 6 core CPU with 16G Ram but only getting ~14MH/s. I am running a dual monitor setup and think this may be the reason for reduced performance.

No, it more looks like you have wrong drivers. Try Catalyst 15.7, they are proven to run great with this mining algorithm.

Updated Catalyst and now getting ~26MHs 

Thnx

[Bojcha]

I wonder is it possible to make something like this https://stats.ethdev.com/ for soil. anyone knows?

[ZonedOutSpace]

Mining the test net using Win 7 64 bit, 6 core CPU with 16G RAM, R9 280X GPU with 3G RAM. GPU hashing ~14MHs...is this about normal or a bit slow?

Addy: 0x9492b1b55209269fcd03678edd24e4919ba8a23f

Admin: Please confirm acknowledgment of test net mining.

I'm getting 22Mhs on my r9 270 2GB

single or dual monitor setup?

I am running dual and this may impact hash rates...?

Single

[Cranky4u]

Mining the test net using Win 7 64 bit, 6 core CPU with 16G RAM, R9 280X GPU with 3G RAM. GPU hashing ~14MHs...is this about normal or a bit slow?

Addy: 0x9492b1b55209269fcd03678edd24e4919ba8a23f

Admin: Please confirm acknowledgment of test net mining.

I'm getting 22Mhs on my r9 270 2GB

single or dual monitor setup?

I am running dual and this may impact hash rates...?

Single

Updated catalyst, now 26MHs 

[Taiga]

Taiga|wallet address needed                                                              3000

Taiga|wallet address -- 0x353df6125e35eaa5d71dcc09dfadec33476190a5


  Thanks 

[abvhiael]

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

[abvhiael]

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.

[aagert]

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.

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!

[abvhiael]

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....

[benjy33]

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....

Hello that such a question can you tell me the price you will approximate the currency would appreciate thanks

[Zywiec]

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....

Amazing initiative. Keeping crossed fingers to make it happen.

Also I would like to notice that DevTeam made great work according to TestNet. The task was completed with dispatch. All users involved into it was contributed. Good job!

[aagert]

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

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))

[abvhiael]

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

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.

[abvhiael]

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.

[Cranky4u]

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

thnx buddy

[benjy33]

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.

ok thank you very much for your explanation is already known that I echange be released ?

[abvhiael]

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.
 

[aagert]

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.

[abvhiael]

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.