Our SOIL-hosted mining pool is now available.
http://45.63.4.165:5000/use the following to connect, placing an appropriately named .bat file in the same folder you have ethminer in.
ethminer.exe -F 45.63.4.165:5082/miner/YOUR ADDRESS/YOUR HASH RATE IN MH/S -G
EXAMPLE: ethminer.exe -F 45.63.4.165:5082/miner/0x519578237b2e362e67280160667e1bd5dece6d83/20 -G
this is in beta testing right now, and we are still working on implementing some features. presently, the pool hashrate is viewable on the main page, but individual miner hashrates on personal pages arent implemented yet. you can check your personal hashrate within gsoil's command line interface using the command:
this presents your hashrate in H/s (hash operations per second). we will be adding that information in the coming days.
payouts are sent generally immediately upon confirmation of solving a block, and are set as the individual miner's proportional to the overall work by the pool.
we will be instituting a 3% fee on the pool, which we will be using as the "miners equity subsidy". 50% of fees will be used to pay for the cloud server costs for hosting the pool, so that the pool will be, in essence, paying for itself. we chose to use cloud services to host the pool simply to ensure uptime and reliance.
the remaining 50% will be split among the lower hashrate miners (<30MH/s, or essentially single video card users) who maintain their connection to the pool for at least 50% of the weekly time period. its a small gesture, to be sure, but for those who dont have multiple video cards set up and can hit the system with GH/s speeds, its just a little bit MORE than what you'd normally receive mining, and although it probably wont be a LOT, its simply a way to begin the attempt to democratize the mining process a little bit more.
we're still hammering out the final implementations of that, but this part of the program should be instituted by this weekend, and ill make an announcement regarding that here on the forums, likely running that from mondays thru to sundays with subsidy payouts sent to individual miner's wallets within 48hours beyond that. (by tuesday, at the latest, just in case i get called out to a search and rescue operation and cant ensure it is done immediately, although ill work hard to make sure theyre done on monday mornings).
ALSO dont forget to vote on the present issue regarding targeted block times by wednesday. what changes that would be made will naturally require an update to gsoil, which we are targeting block 300,000 to implement. watch for the announcement.
compmaster please send me your wallet address so that i can count your balance of SOIL towards your vote. thanks!
presently we are also working on having the full featured block explorer set up to replace the simple one we've had running from launch at explorer.soilcoin.xyz as well as setting up a tipbot to be run on our social media feeds. middleware development towards the large scale architecture applications continues to go on behind the curtain. constant letter writing and phone calls to perspective retail establishments goes on, and theres been a modicum of interest from these companies. right now im putting out about 50 letters a day to small-to-medium scale heirloom seed suppliers and receiving interest from 10-15 of those. the biggest holdback right now, as far as i can see, is setting up with a payment processor that will convert SOIL to Bitcoin or fiat, but work on that continues as well. theres never a dull moment.
anyhow, thank you all for you continuing support. i realize that the downward trend of our valuation continues on bittrex, and ive been contacting other exchanges for inclusion again, to spread out the supply. we will continue to develop the SOILcoin platform, and to remain in constant communication with our user base here on bitcointalk. this is going to be a long term project, and like any new technology, it will take time for market acceptance.. i said from the beginning that this wont be a complete project in six months or even a year, hell, with the immense scalability of the platform, i doubt we'll ever see the system *COMPLETED* as new technologies and DApps will always be developed. we are merely on the threshold of a new frontier.
nevertheless, i believe communication is one of the most important aspects of "running" a cryptocurrency, keeping a connection to the users and supporters. ive noticed with one of the other Ethereum off-sets the frustration with a silent dev team that stretches out a little over three weeks now, heck.. even the main Ethereum [ANN] thread lacks developer involvement, and this is something you wont have to worry about with SOIL. i check in here a couple times a day, and while my posts are generally lengthy, i try to make them as informative as possible. have a great monday to each and all!!