Topic: [ANN][SHF] 💠 SHAFT ⛏Mining-oriented⛏ CryptoCurrency 💠 - page 24. (Read 52824 times)

this project seems interesting might have to start mining it for a bit see how many i can bank. thanks dev

Thank you! We will add this feature to our explorer.

Really good news, I hope it will bomb the roof like eBTC.
I see a good potentail in SHF!

SHAFT is now available on Stocks.exchange!

Nice news. I like your ideas, therefore i resumed mining Shaft

Anyway, in the block explorer a mined block per address would be welcome. Now I have to run a geth function to check this info

Awesome. As far as I understand tokens work like Shares in traditional companies? That is awesome: I can mine and sell, I can keep SHAFTS and earn tokens, I can keep tokens and earn more profits. WOW.

Profits will be distributed in SHF or BTC. The important thing to remember is that only tokens would be eligible for receiving operating profits. To receive tokens you will need SHAFT coins.  Profit on 1 SRS token = (15% x profit of service)/ circulating amount of SRS tokens. More SHAFTS = More Tokens = More Profits

I think you DO get shaft for holding it.
Nevertheless, all token holders will be eligible to receive a stake of 15% in these profits.

Since you don't get shaft for holding shaft I don't think that's exactly minting, looks like it's similar to NEO- GAS system

Yes. SHAFT will be always on POW by design, but there will be new features implemented in our protocol.

By the way. You can vote on c-cex for our coin.

https://c-cex.com/?id=vote&coin=shf

So, Shaft will be partly POW (minging), partly like that notorious Etherium POS?

To fund SHAFT development. Since we didn't execute ICO of any kind we need some premine to spend SHAFTs on.

Today we announce our stakeholder reward system, which would bear the name SHAFT SRS (or SRS).

SRS is a token-based reward system designed to be the blood cells of SHAFT platform as a whole.

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 Ч 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 starting from tomorrow Shaft will be traded on stocks. 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).

You can download geth at https://github.com/shaftsh/shaft/releases/download/1.0/geth.exe. and follow the images below. (Press ALT + right mouse to show "Open command window here")



then type geth.exe account new (as image below I changed geth.exe to geth_shaft.exe)


Done, your address must add 0x prefix. so it's 0x7f39a7fc.....

how can i get my SHAFT address..?

Why so much premine dev...its ok to me...just joined your bounty...good luck dev

Thanks for advice, bro! Will try it with beta drivers then!

I assume moon on a stick is a thing that all cryptocommunity wants. A new cryptocommunity dream.

GUI wallet development is going great we should have alpha release soon but not tomorrow more testing needs to be done first

hoping for gui wallet  

@Newtrino quite worth it for one thing if your using 480's / 580's without the beta drivers you should get more hash than on eth  
I very much doubt this will turn out to be a waste of power but being altcoin miners we always take that risk

edit:
Mobile wallet would be great btw... I want the moon on a stick I do  

http://www.urbandictionary.com/define.php?term=moon%20on%20a%20stick

Tomorrow wil be the huge update regarding new features. Stay tuned for more mining greatness.