Hello everyone, and that now the reward for block 1 ground
1 hour of mining only 2 coins ((
it's sad, because this same power is now possible to do 0,035 BTC in the place of those which can be obtained extracting soil 0.002
Well... yeah. Right now for mining to be profitable with soil, its price must be MUCH higher than it is. But we have little control over it, unfortunately.
If the blocktime is reajusted there is 5760 SOIl per day to earn and that is about 0.17 BTC @ 3000Sat.
Not so bad and if gets value from application in the future it can be 100x more.
I agree with the current blocktime with 1 hour or more you need much patience for your rewards.
6 minute 1 block?? and that you consider normal? who will earn a coin if production costs exceed mined? currently 2 video card 7970 earned 0.045 BTC per day, or soil - 0,002 BTC at the price of "4500" there is a difference? cheaper to produce another coin, 1/10 buy and sell land and then come profitable)
good luck or something)
our targeted block time is 15seconds. we have been struggling in the last month with block times after being hit by massive hash rates intermittently which raised the difficulty level very high. for much of that time it was only the development team who maintained the consensus engine thru mining, thus the reduction of blocktimes to its target has been an ongoing process. we've made adjustments to bring the difficulty down and then maintain the target; but in the end, the blockchain does continue to roll on, albeit slowly.
being that SOIL is not JUST a speculative currency that relies entirely on its mining/trading engine to measure success, the blocktimes may not be NORMAL but they are hardly a measure of failure. we are a dApps development and deployment currency. we are a functioning global virtual computational machine. profitability, in the short term, might be best realized thru the exchanges if near term profit is your focus.
it has been our principle, since our genesis, that SOILcoin is a long-term project dedicated towards the implementation of dApps serving the renewable energy and ubiquitous agriculture industries. as a nascent technology and currency, now almost four months into live operation, we've faced growing pains with regards to distribution curves, low valuation, minimal hash against the network... we've made adjustments best as we can to alleviate those things, but our raison d'etre remains our work on the distributed applications that will populate our system. i stated from the get-go that it would likely be a good year before SOIL had much of the architecture on the blockchain set up towards those goals. at present, id say we're actually a little bit ahead of schedule.
with our inclusion as a base currency in the ROKOS OS for raspberry pi, with our working relationship with several other like minded currencies (ENRG, GEO, GMC), with ongoing discussions and cooperation with renewable energy departments at several universities regarding implementation of renewable energy applications from simple python language to deployment on the blockchain, we are beginning to make strides towards our mission statement.
there are probably close to a thousand listed altcoins in existence today. many of those are already on the "dead list", see: (
https://bitcointalksearch.org/topic/necronomicon-thread-altcoins-which-are-dead-588413) and in the coming calendar year, another 10% will surely fade into nothingness. at the end of the year, SOIL will still be here, will still have a running consensus engine, will still be developing further applications towards a usable "green blockchain". our investment is towards that goal, not simply towards near-future profitability for short term miners. im sorry that your needs for mining profitability doesnt make SOIL an attractive currency presently, but i do wish you the best of luck pursuing your immediate profits with other cryptocurrencies and hope that you might simply find near-term profits on the exchanges with SOIL.