Same here, those wallets have been locked or under construction for 2+ years. The dev said they would restore the backend but it never happened.

Does this mean that the geocoin.cash balances will finally be restored and withdrawals enabled? Been waiting years for this to happen

Finally some action 

I'm not extremely familiar with either Chainlink or Aeternity, but they appear to be in a similar space as Tierion. At the end of the day, one of the most important goals for any of these projects is developer adoption and ease of implementation... which are the keys to long term success. I can't speak other projects, but Tierion seems to have kept this in focus with the Chainpoint Logic App, developed in conjunction with Microsoft, nearing launch any day now (https://flow.microsoft.com/en-us/connectors/shared_chainpointnode/chainpoint/).

Tierion also scales extremely well, which is necessary for most practical business applications of connecting data to public blockchains. Each node is capable of over 50M proofs per day on relatively cheap hardware (https://medium.com/tierion/chainpoint-2018-review-78c0581df4ec)

I have my concerns with the tokenomics behind TNT which is likely the chief reason for its low market cap. It is an issue that hopefully will be cleared up in the near future, as a roadmap is scheduled for release in Q1 2019. However, I suspect since Tierion operates more like a traditional company, they are waiting for further regulatory guidance before they lay their hand on the table... which is understandable, even though the eagerness is killing me inside.

Having said all that, do I think Chainlink is worth over 30x TNT at $190M vs $6M? Or Aeternity over 15x at $90M vs $6M? TNT seems like a pretty solid value in comparison considering their business partnerships.

Here's a pretty good review to check: https://www.coinbureau.com/review/tierion-tnt/

Any eta on the backend fix for balances on the geocoin.cash website? Got coins that I've been waiting to transfer out for over 2 years 

Very interesting new use case of Chainpoint:

"Jungla Uses Chainpoint To Improve The Auditability of Genetic Data"

https://medium.com/tierion/jungla-uses-chainpoint-to-improve-the-auditability-of-genetic-data-39acf7f91bd2

Not that I'm aware of, but the teaser included all the right buzz words... App... complete ... Microsoft. Hopefully we'll get some more updates on this app as well as further tokenomic information from the team in the near future. FCT doing well even in this down market, looking for TNT to join the party!

Per Wayne in Discord - "Here's another visual preview of the upcoming Chainpoint Logic App. Development is complete. We're just waiting on the team at Microsoft to approve the release."

https://cdn.discordapp.com/attachments/400023693822132227/514994030208352268/logic-app-example-simple.png

Just a note from a security perspective, 85% (~2.68M / 3.18M) of the circulating GEO supply is in the Bittrex wallet (https://ubiqscan.io/address/0xb3c4e9ca7c12a6277deb9eef2dece65953d1c864). Obviously, this had a lot to do with the transition to ubiq where people were moving coins to the exchange for the swap.

If there were ever a security issue on Bittrex (not saying there will be, but this is Crypto after all and this type of stuff has happened to other coins/exchanges), Geocoin would be screwed. It might be a good idea to start diversifying where holdings are kept as a community so a high price isn't paid by everyone if something were to happen.

I hope this backend work includes restoring balances / enabling withdrawals to old accounts! Been waiting almost 2 years to regain access

Given the number of nodes on the network, you should be due for a reward shortly or you are not consistently passing audits. How many passed/failed audits do you have for this node?

The node count can be found on this calculator: https://tnt.solutions/

There are currently 8,409 active nodes.

As far as the market ranking, I'd pin lack of tokenomics and a general downturn in the crypto market as the main problems. From a development standpoint, there are multiple GitHub commits daily if you follow Discord. Chainpoint adoption is going quite well from what I understand with continually added business partnerships:

 https://medium.com/tierion/tierion-joins-hyperledger-and-the-linux-foundation-9238e6bbe97
 https://medium.com/tierion/tokensoft-uses-chainpoint-to-improve-compliance-in-token-sales-f4cf2dba5935
 https://medium.com/tierion/signrequest-uses-chainpoint-to-anchor-documents-to-the-bitcoin-blockchain-f3e6fce0db86
 https://medium.com/tierion/evrythngs-blockchain-integration-hub-integrates-chainpoint-to-track-supply-chain-provenance-d9fb56e2f96b
 https://medium.com/tierion/xero-integrates-with-tierion-to-secure-accounting-data-using-chainpoint-5ec6b2a1a5c6)

Tierion as a company is far from failing. The main question is when, if ever, will the success of Chainpoint be correlated to TNT the token. If adoption/correlation occurs, this is a top 25 token imo... but only time will tell.

You would have needed to back up the hmac keys if you did a reinstall. I don't believe you can register a new node under an IP address that another node is registered under.

You can set up a fresh vps, but you will lose your position in the rewards queue unless you import the hmac keys from your previously registered node.

Someone created a calculator for node profitability... it also tracks the current number of nodes on the network and current price of TNT: https://tnt.solutions/

Will balances stuck on geocoin.cash be credited once the site goes live? Withdrawals have been suspended for over 1.5 years... I have balances on the website from when I previously tested dropping coins, some that even do not appear in the associated deposit address on the old blockchain.

There are currently 8,256 nodes on the network, you can check in the node UI if you have a registered node (just go to registered nodes IP address and use wallet address as password).

The current time to a reward is 8256 nodes / 48 rewards/day = ~172 days (5.7 months)

With a reward size of 1500 TNT, the current 8256 nodes, and a minimum balance of 5000 TNT, the yearly ROI (in TNT) is ~63.7 %.

The dollar amount ROI is a little more tricky and dynamic to calculate as it is a function of the number of nodes on the network, future reward amount / reward frequency, and VPS hosting costs.

 On the short term, I think it is easiest to look at it as a 30% ROI in TNT in ~6 months for $30 in hosting costs ($5 x 6 months). Basically if you are a long term holder and believe in the project and higher future token prices, its not a bad idea to run some nodes. If you are looking for a month to month stream of income, at this point the risk would outweigh the benefits with such a long time to reward and price volitility over that time period.... but this mentality applies across the board for crypto mining in general. Historically there have only been a few 3-6 month windows where mining is extremely profitable; in between booms, you're lucky if you can break even.

Imo, it is a positive to move the node economy to a free market of supply and demand rather than an artificial cap. It also allows new users a chance to register nodes outside of the people who previously registered nodes in the short/competitive registration windows. At this point, it is too early to judge whether open registration has a positive or negative effect on price. Long term, (in theory) it should aid in price appreciation as a larger share of circulating TNT is held in nodes; but this would require a much larger share percentage than current levels. (Currently: ~8075 nodes x 5000 TNT = 40.375M TNT / 428.481M circulating TNT = 9.42% TNT in nodes)

As far as hash data, there is a service discovery mechanism that identifies the most reliable nodes and sends data to them. While I agree the unused computing power is wasteful atm, having a large/stable set of nodes will be beneficial as the user base grows.