[ANN][SHF] 💠 SHAFT ⛏Mining-oriented⛏ CryptoCurrency 💠

[ShaftCrypto]

 

Shaft (SHF) is a next generation cryptocurrency which is created by miners for miners. Idea of Shaft is to provide a perfect cryptocurrency for GPU Mining without any of the governance issues, hacking problems or other kind of non-relevant stuff for ordinary miners.
 
In essence, Shaft is a fork of Ethereum, but without its’ flaws like upcoming PoS problems, DAG file-size issues or Metropolis protocol.
 
Shaft is a reliable cryptocurrency created to provide the best experience in the mining industry. As you know, right now there is no cryptocurrency on the market that follows interests of its’ miners, all of them follow ambitions of its’ creators. Shaft is changing that.

Shaft is materialization of motto “Mining without borders”. By supporting and mining Shaft, you can rest assured that the rules of the game won’t change for the rest of life of the blockchain industry. Shaft is a predictable development cryptocurrency: there would be no halvings, no unexpected hardforks, no special deflation or inflation “policies”. Shaft’s blockchain is absolutely organic in its’ development and in its’ existence.

 

Shaft ensures that its blockchain is reliable and unchangeable in a long term period. Thus, business entities and private persons could use its smart-contract infrastructure without any doubts and plan their operations accordingly to their vision of the future and their intents.

Shaft chain will bring literally all the capabilities of the classical smart contract system and in the future Ricardian contracts will be softly implemented within Shaft. This contract duo system will enable massive possibilities to smart contract everything both in crypto and material world. Just imagine automated world build with smart contracts, that every schoolkid could understand.

Shaft team is loyal to the values of stability, development and mining profitability. We are creating a problems-free, out of the box product friendly to all mining-oriented public in worldwide communities and industries.

Pay
SRS tokens will be the main payment method for SHAFT-based upcoming services such as marketplaces, exchanges, shops (all SHAFT services net will be introduced later as soon as they are ready for public testing).

Earn
All upcoming SHAFT based services will generate profit. Big or small. Nevertheless, all token holders will be eligible to receive a stake of 15% in these profits. They will be distributed through personal cabinets and smart contracts. The more tokens you own, the more profit you receive.

Vote
SRS tokens would provide a voting power for owners so SHAFT platform could be governed through collective rule with miners and token owners. People who mind about SHAFT. SHAFT stakeholders will decide how the platform should be developed, what systems and services it should implement and which strategies to adopt. This SRS based system helps to acknowledge miners and stakeholder input in Shaft development and therefore award them.

Distribution
SRS tokens will be distributed through a smart contract which will reward every Shaft owner with SRS tokens accordingly to their shaft balance. Starting with deposits from 5,000 Shaft every miner would receive 8% yearly interest rate paid in SRS. An interest rate of 0,66% will be paid in SRS tokens every month. For example, if you own 10,000 shafts you will receive 66 SRS tokens every month. More SHAFT means more tokens!

When
SRS is not yet fully developed and will start to fully operate in late December. Nevertheless, we want early adopters to benefit from adopting SHAFT early first snapshots of balances will be taken starting the 25th of October. Thus, when SRS starts to operate you will receive interest for additional 2 months.

Deposits
To earn more SRS tokens and to be eligible for receiving interest you will need SHAFTS.
There are 3 ways to obtain them:
(1) Mining;
(2) Purchasing on Exchange;
(3) Buying a limited bulk of SHAFTs from developers (this way we will raise additional money for a faster platform development and keep the market price at a decent level. Will be available no later than October 15th).

Shaft is friendly to mostly all types of the mining GPU hardware  (starting from 1.1 GB) — in the beginning miners with all kinds of GPU hardware could mine Shaft in Solo mode. Shaft team would also provide all sources for mining pool creation and create one themselves.

To ensure greater mining profitability through greater stock value of SHF cryptocurrency, the Shaft team will launch a chain with increased difficulty of the genesis block and all further blocks. It will prevent overflowing market with lots of cheap new SHF’s and make volatility of SHF on exchanges lower, ensuring profitability calculations for your rigs in longer term periods.

 
ECONOMIC POLICY
 
Shaft team will premine 6 mln. SHF’s in advance for the development purposes.
Allocation of funds would happen accordingly:
1)    2.5 mln. SHF would be spent on the marketing;
2)    3 mln. SHF would be spent on the development of the standalone client, protocol update, unique open-source pools and special services integration (shapeshift, ledger, jaxx).
3)    0.5 mln. SHF would be spent on the bounty program.

Instructions how to create a wallet

1. Solo

Download geth
Download latest Claymore
Launch geth with console option
Create your address by typing this command : personal.newAccount("password")
modify claymore's .bat or .bash file like this: ./ethdcrminer64 -allpools 1 -epool http://127.0.0.1:8545 -ewal <yourwallet> -epsw <yourpass> -allcoins 1
                                            Or for Windows: EthDcrMiner64.exe -allpools 1 -epool http://127.0.0.1:8545 -ewal <yourwallet> -epsw <yourpass> -allcoins 1

2. Pool

Repeat all operations with downloading and creating address (how-to described in solo instructions)
point your claymore config on your desired pool and port and don't foget to type in -allcoins 1 option

Available Pools

https://pool.shaft.sh <-- ONLINE 0% FEE, Apple mining monitor integration.

http://shaft.coinminer.space <-- ONLINE 1% FEE

http://shf.ethash-coins.ru <-- SOLO, NICEHASH, ONLINE, 1% FEE

http://shaft.mole-pool.net:94<-- NICEHASH, ONLINE, 1% FEE

http://shaft.pool.sexy/ <--ONLINE 0.25% FEE

TECHNICAL SPECIFICATION

Algorithm: Dagger Hashimoto
Block Reward: 5
Block Target: 15 seconds
HTTP RPC server port: 8588
Websocket RPC server port: 8589
Network listening port: 30303
Network ID: 420
Chain ID: 420 (EIP 155 Replay Attack Protection compliant)
Reduced rewards for included Uncle blocks
Forked from the latest Geth 1.6 containing all the latest EIPs

CHECK OUT BOUNTY THREAD

Website  Blockchain Explorer  Github

Online Wallet

Exchanges: Stocks.exchange and more coming!

Vote here!

Contacts

Telegram  Slack  Twitter

Threads in other languages
Pyccкий Việt

[project earth]

6 000 000 premine, 5 reward per block,15 seconds block,so we have =

6 000 000/5 = 1 200 000 blocks
1 200 000*15 = 18 000 000 seconds,or 300 000 minutes,or 5 000 hours,or 208~ days before we just reach your premine? and 100% you have big powers and also will be mining,so no thx. We know all that "development" ,in other words easy money dump and run with lambo.

P.S. so many shitty forks and smart peoples that want easy money ...

[vikingchild]

The premine is high - sure, but people are aware of this and that will impact price for a considerable amount of time. So as long as the developers are dedicated to the project for years, this could certainly still have potential. Anyone who is keen on making a GPU mineable coin I support, but there are of cause things for concern to be cautious of for some time.

Show dedication long term and you may do just fine.

Prepare for it to launch on the first exchange
I bet it is likely to be this one
http://bit.ly/cryptovore

[project earth]

ill better wait for this one https://bitcointalk.org/index.php?topic=2120193.0

[ntsdm1]

the idea behind this is great
the parameters could be much much better
all in all mining is what started all of the cryptos
back to basics !

[eule]

http://dictionary.cambridge.org/dictionary/english/shaft

shaft, verb
to cheat or trick someone, or to treat someone unfairly:
She was shafted by her agent over the film rights to her book.

http://www.urbandictionary.com/define.php?term=Shafted

Shafted
Ripped off, cheated, treated most unfairly by people or even just by fate...

Really?  

[AltScope]

http://dictionary.cambridge.org/dictionary/english/shaft

shaft, verb
to cheat or trick someone, or to treat someone unfairly:
She was shafted by her agent over the film rights to her book.

http://www.urbandictionary.com/define.php?term=Shafted

Shafted
Ripped off, cheated, treated most unfairly by people or even just by fate...

Really?  

very selective weren't we:

shaft noun [ C ] (LONG OBJECT)
​
a pole or rod that forms the handle of a tool or weapon:
the shaft of a golf club
​
a rod forming part of a machine such as an engine, that turns in order to pass power on to the machine:
the drive shaft of a car
the propeller shaft of an aircraft

shaft noun [ C ] (PASSAGE)
​
a long, either vertical or sloping, passage through a building or through the ground:
a lift shaft
a ventilation/air shaft
a well shaft

shaft noun [ C ] (REMARK)

​literary a clever remark, especially one that is intended as an attack on someone or something:
John came out with an unexpected shaft of wit/wisdom.

[spawn4ever]

Total token supply?

[eule]

very selective weren't we:

Yes but the joke basically wrote itself.  

[ShaftCrypto]

6 000 000 premine, 5 reward per block,15 seconds block,so we have =

6 000 000/5 = 1 200 000 blocks
1 200 000*15 = 18 000 000 seconds,or 300 000 minutes,or 5 000 hours,or 208~ days before we just reach your premine? and 100% you have big powers and also will be mining,so no thx. We know all that "development" ,in other words easy money dump and run with lambo.

P.S. so many shitty forks and smart peoples that want easy money ...

Our team is going to spend premine to successfully develop and implement all features required by miners nowadays. Since we are not doing ICO of any kind nobody is risking anything, except for kwh spent on mining.

[AltScope]

very selective weren't we:

Yes but the joke basically wrote itself.  

 
i'll just change this:
...

....

shaft noun [ C ] (REMARK)

​literary a clever remark, especially one that is intended as an attack on someone or something:
[edit]eule[/edit] came out with an unexpected shaft of wit/wisdom.

6 000 000 premine, 5 reward per block,15 seconds block,so we have =

6 000 000/5 = 1 200 000 blocks
1 200 000*15 = 18 000 000 seconds,or 300 000 minutes,or 5 000 hours,or 208~ days before we just reach your premine? and 100% you have big powers and also will be mining,so no thx. We know all that "development" ,in other words easy money dump and run with lambo.

P.S. so many shitty forks and smart peoples that want easy money ...

Our team is going to spend premine to successfully develop and implement all features required by miners nowadays. Since we are not doing ICO of any kind nobody is risking anything, except for kwh spent on mining.

looking forward to launch it'll be nice to have something new to mine so ill do so for a while, what time are you planning to launch on the 8th?

[ShaftCrypto]

The premine is high - sure, but people are aware of this and that will impact price for a considerable amount of time. So as long as the developers are dedicated to the project for years, this could certainly still have potential. Anyone who is keen on making a GPU mineable coin I support, but there are of cause things for concern to be cautious of for some time.

Show dedication long term and you may do just fine.

Prepare for it to launch on the first exchange
I bet it is likely to be this one
/cryptovore]http://[Suspicious link removed]/cryptovore

Indeed, our team has made some calculations for a long time period for project development and plans to upkeep project for the rest of the mining industry (or at least while we are alive).

We will begin listing process on major exchanges and announce them as soon as possible.

[ShaftCrypto]

ill better wait for this one https://bitcointalk.org/index.php?topic=2120193.0

The project looks interesting, but in the long run it looks less technologic than other projects related to the circulation of digital money.

Nevertheless, we are not assuming any cryptocurrency as rival one.
We are focused to provide miners with best experience and we are going to do that.

[ShaftCrypto]

Total token supply?

Since Shaft is based on Ethereum it isn't going to have coin cap (and different from Ethereum Classic). What is more, unlike Ethereum Shaft would not implement Casper in its' protocol. Thus, miners would be able to mine Shaft as long as they feel to do so. Our team will try to provide everything mining society needs to make Shaft the best mining cryptocurrency available.

[ShaftCrypto]

Waiting for network start. I think you should put on some image for reference. 

As soon as Shaft bitcointalk account becomes full member with sufficient rights, we will design the post as stylish as possible.

The Shaft network will start on 8th of september at 20:00 GMT.

[ShaftCrypto]

the idea behind this is great
the parameters could be much much better
all in all mining is what started all of the cryptos
back to basics !

Basics and values is what keeps society inact. The same with mining for blockchain industry. It is important that everyone knows that Shaft team is open to suggestions about parameters of Shaft if they are well argumented enough. With Shaft we are hoping to make life of mining society better and hope that mining society itself would participate in this process.

[ShaftCrypto]

very selective weren't we:

Yes but the joke basically wrote itself.  

 
i'll just change this:
...

....

shaft noun [ C ] (REMARK)

​literary a clever remark, especially one that is intended as an attack on someone or something:
[edit]eule[/edit] came out with an unexpected shaft of wit/wisdom.

6 000 000 premine, 5 reward per block,15 seconds block,so we have =

6 000 000/5 = 1 200 000 blocks
1 200 000*15 = 18 000 000 seconds,or 300 000 minutes,or 5 000 hours,or 208~ days before we just reach your premine? and 100% you have big powers and also will be mining,so no thx. We know all that "development" ,in other words easy money dump and run with lambo.

P.S. so many shitty forks and smart peoples that want easy money ...

Our team is going to spend premine to successfully develop and implement all features required by miners nowadays. Since we are not doing ICO of any kind nobody is risking anything, except for kwh spent on mining.

looking forward to launch it'll be nice to have something new to mine so ill do so for a while, what time are you planning to launch on the 8th?

The discussion about the name was the basic one during the Shaft beginning. We decided that this word has so much meanings related to mining industry and economics as such that we couldn't pass by. The Network will start at 20.00 GMT on 8th of September.

[DigDeepMining]

Going to keep my eye on this thread and put some hashing power in once its released, good luck

[whoisthismanoO]

too much premine
pass by

[ShaftCrypto]

Going to keep my eye on this thread and put some hashing power in once its released, good luck

Thank you for your trust! We will try to do everything we can to make Shaft one of the Best mining cryptocurrencies. We believe we can achieve it together in close cooperation with mining community.