[Announcement] BitCommoditiz - New and Different : 10 crypto commodities ! - page 5.

NEW AND DIFFERENT ! NOT JUST AN OTHER SERIE OF COINS.

A full network of ten virtual crypto commodities for which hashing difficulty varies with the price of a real underlying commodity !

****** UPDATE (Feb 26 2014): Now reporting hashrate at http://www.bitcommoditiz.org/where-to-mine/ *******
****** UPDATE (Feb 13 2014): We now have a nice dedicated forum: http://chiznillen.net/forum/bitcommoditiz *******
****** UPDATE (Feb 6 2014): Latest build 0.8.6.3 fixes unclean wallet shutdown for Windows users *******
****** UPDATE (Feb 1 2014): We have our first rate! 0.0001 BTC per XAUz, thanks Jerry! *******

Example: diffculty for mining Oilz (ticker CLz) varies with the price of real crude Oil on the market (quote provided by finance.yahoo.com)

As a miner: you have more stable revenues. If the real oil price is up, it gets harder to get Oilz but what you mine is more valuable. If the underlying price is down, Oilz value is down but it becomes easier to mine, so you receive more shares to compensate.

As a trader: you can apply to BitCommoditiz the volatility rules you already play with in the real world.

As a Crypto coin owner: BitCommoditiz are a safe haven for your coins, BitCommoditiz future value is tied to its underlying real commodity value. No need to buy gold, buy Goldz and stay in the crypto world.

BitCommoditiz is more than 10 other altcoins, it is a full class of new crypto assets with difficulty volatility correlated to a real commodity price volatility (currently gold, platinium, palladium, silver, crude oil, wheat, corn, cotton, coffee and cocoa). Approx 15K blocks have been mined today.

This announcement concerns the first 10 BitCommoditiz, more virtual commodities to come....

More detailed information: http://www.bitcommoditiz.org

Worldwide P2Pool Network (1% fee):
- USA
- CANADA
- EUROPE

Full list on http://www.bitcommoditiz.org/mining/

Common characteristics

Bitcommoditiz software is a fork of Litecoin using scrypt as a proof-of-work algorithm.
   each bitcommoditiz – and its unit – ends with ‘z’ to differ from real commodity
   birth date (genesis block): 2013 Nov. 12
   difficulty varies according to underlying price on the market
   quote provided by http://finance.yahoo.com
   5 minutes block targets
   1 coin per block
   subsidy halves in 420k blocks (~4 years)
   ~42 million total coins
   1008 blocks to retarget difficulty

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