PREFACE:
A little about me, i was banned from the server for making swastikas and crouching in front of them yelling "HEIL HITLER". I thought it was funny, but it seems not so many other people did. So i got banned. I realise it was offensive. I will make it up to you for creating this cool little system i calculated and created for the server(s)
ECONOMICS:
To create a economically strong, efficient, and viable community of players we must create a conversion rate depending on rarity of the ores and the occerence of them per chunk what i did was got the percentage of ores per chunk over a 100 chunk radius. did magical math stuff and this is what i came up with
2.23 stone = 1 coal
16.02 coal = 1 iron
10.27 Iron=1 Gold 25.04 Iron=1 Diamond 2.43 Gold=1 Diamond
4.02 iron = 1 redstone
15.4 iron = 1 lapis
1.4 gold = 1 lapis
you can use this if you like. I spent a good 2-3 hours doing all the math, research, and testing. I use this system on my server and hope you guys will like to use it on your server. because its a really good and solid system.
ALSO, this is base values. not including the fact that iron farms, fortune picks and other things exist. this is just base. you can modify if you so wish.