Bitcoin Forum

http://www.zenithcoin.com/wp-content/uploads/2013/05/cropped-abstract161-1.jpg

ANNOUNCE:  Please retrieve the latest sources from Github.   https://github.com/zenithcoin/ZenithCoin

Code has been forked to remove all development subsidy.  Mining against the new code base rewards 24 per block.     


Launch Date June 1, 2013.  Official Mining Starts on June 9th, 2013

http://www.zenithcoin.com

Like it on Facebook https://www.facebook.com/Zenithcoin

ZenithCoin now listed for trading on CryptoRush.IN

https://www.cryptorush.in/index.php?p=trading&m=ZTC&b=BTC



ZenithCoin now listed on www.coinmarketcap.com
Listed on www.coinmarketcap.com



STATUS

7:57 AM EST  -  Currently generating genesis block for June 1st, 2013.   Proof of work will be Litecoin compatible.  Difficulty will start at 0.00024414.

2:30 PM EST - Genesis block created.  Currently performing final checks prior to source code check-in.

4:30 PM EST - Source code checked in.   Daemon tested on MacOS X.  Currently testing build for Ubuntu.

6/2/2013 11:56 AM - Block Explorer ready and tested (see: http://explore.zenithcoin.com ).   We will be making some network changes, to add some permanent nodes on the network.    Please do not mine yet until we have this setup.

6/2/2013 6:41 PM - Initial code check-in of client code based on MultiBit.

6/2/2013 8:49 PM - Fixed port bug.  Successful network test.  

6/3/2013 Two nodes have been set up to allow folks to test mine the coin.

6/5/2013 A couple of miners have attempted to skip the line and mine prior to official mining.    All their coins will become invalidated prior to the start of mining.

6/5/2013 8:57 PM Appears there are a couple of scammers who modified the source code,  distributed a windows binary and are  mining.    Due to the modification,  none of the official clients will accept the incompatible blockchain created by these scammers.    This is a minor inconvenience at this time.  We will just need to reconfigure default network parameters to avoid these folks.

6/6/2013 2:13 PM Users eagleeye and magnet continue to pawn off counterfeit ZTC on bitcointalk.org.

6/7/2013 ZenithCoin being prepared for mining on 6/09

Nodes in different geographic locations  (europe, us east, us west) will be setup for mining.   A new genesis block will be created for these nodes.

One word of warning, you can test mine right now, but we'll recreate the genesis block on the official mining launch so you will will lose these test coins.

6/9/2013  Mining started.  

6/10/2013 1457 blocks mined, current difficulty is 0.58768933.  

6/17/2013 5,342 Block Mined.  Difficulty is 0.7

Windows, Linux and MacOS clients available.

http://sourceforge.net/projects/zenithcoin/files/

Block Explorer

http://explore.zenithcoin.com

Update

I received this email from Jim yesterday:

:Thank you for suggestion for the new coin type.
We will take the time to check out your suggestion and consider it for addition to the Cryptsy
trading area!

If you have any further suggestions, please let me know

Sincerely
Jim
Customer Service Manager
Cryptsy.com

Difficulty is quite low right now, so this is a great opportunity to mine.

Also,  I can give a 2,000 ZTC bounty for people to setup pools!  First 3 pools get the bounty!

I will keep up the ZTC Cryptsy Bounty thread https://cryptsy.freshdesk.com/support/discussions/topics/41385  until we actually list.

So if you can't mine, you can continue to show your support by voting up ZTC at Cryptsy.

The market will determine the price.  However,  there are only less than 2.5 million coins, so try to compare it with coins like it.

Coinmarketcap.com is a good source:

Here are some coins that are comparable (based on number of coins created):

28      Cryptogenic Bullion   $ 961,923   $ 1.03   933,591 CGB   $ 14,120   -13.58 %  
31    Mincoin                   $ 873,685   $ 0.57   1,521,751 MNC   $ 5,615   -4.03 %  
32    MemoryCoin        $ 671,369   $ 0.26   2,580,115 MMC   $ 5,286   -10.05 %      
36    Datacoin                 $ 598,965   $ 0.33   1,805,919 DTC   $ 1,119   ?      
44    Deutsche eMark       $ 344,662   $ 0.10   3,356,750 DEM   $ 4,676   -23.42 %  
45    Philosopher Stones   $ 313,640   $ 0.19   1,624,849 PHS   $ 3,651   +27.73 %  
47    Catcoin               $ 247,095   $ 0.23   1,051,650 CAT   $ 6,375   -11.64 %  
51    Bytecoin              $ 209,783   $ 0.11   1,838,078 BTE   $ 984           -20.30 %  
52    BetaCoin              $ 178,702   $ 0.034   5,310,682 BET   $ 382           -15.96 %      
58    HoboNickels      $ 128,811   $ 0.051   2,513,147 HBN   $ 968            +2.93 %  
61    Orbitcoin              $ 100,507   $ 0.093   1,082,748 ORB   $ 170            -6.01 %  
65    Noirbits                $ 63,109   $ 0.03   2,099,560 NRB   $ 1,527   -3.98 %

So in the low range, it could be work 3 cents and at the high, possibly 50 cents.

Just a reminder,  this is not a new coin,  it was created back in June 2013.  

Anything special about it?

yay

Maybe you will want to describe and give more details of your ZenithCoin so that others can evaluate and maybe offer some good suggestions?  Just giving the date isn't too much helpful.

Use Google.

http://www.zenithcoin.com/?page_id=6 50% of the coins go to the dev and to "back" the value of the coins with reserves of btc and ltc  ::)

It is quite interesting especially how the development fund will be used.

difficulty changes every 4096 blocks...hmm i dont see it lasting long after the initial hype

FTC 2.0

FTC 2 already exists lol, yeah I was thinking that same thing when I saw it, week re target is going to turn into a really long time when a bunch of miners jump off if it at a high difficulty.

Yes, potentially the growth curve could be at 50% that of BTC if the fund selects this kind of reserve.

However, this is all experimental, so a combination of deflationary currencies and market making activities would be employed.

That actually has changed in the latest release.   

To what?

Like to add that if it did change that is good because your learned from past issues which is awesome.

Looks similar to an idea I had in PM.

Thanks for stealing my idea (I'm flattered) but this coin is selfish.

The "fund" goes to perpetuating the coin itself.

You have a link to that idea so I can 're-steal' it?

Anyway, that's a good term.... the 'selfish coin'.... kind of like the 'selfish gene'. 

Maybe it is one of those things where people think of the same thing simultaneously - who knows  :P

Wow, I get to pay 100% of my power & internet bills, do 100% of all the administration of the hardware I paid 100% for, and I get to have 50% of the coins I mine? I think this coin should be renamed to GOVcoin. Who else would tell you that being allowed to keep half of what you produce is 'generous'?

At least this coin actually has a new feature - best ANN all week  ;D

Please read the FAQ.

Anyway, the explanation is here is that we are trying to have a balanced incentive for both miners and developers.  Miners provide the operations, developers provide the growth opportunities.

The weakness of so many coins is that there is so very little incentive for anyone to improve a coin after it has been released.   Just look for example at a relatively successful coin (Litecoin),  how well is it supported by developers?  

The balance here is that miners will hoard the coin because they trust that the developers will over time add value to the coin.  Similarly, if developers believe that they can be successful in building value, then they will also hoard the coin.  

Yes, it is different from what folks may be used to, but most coins other than BTC and LTC will trend toward zero without sustained developer effort that differentiates the coin from other coins.  Flipping parameters like confirmation rate, #of coins per block are irrelevant to survival of a coin.

What is the starting difficulty of the coin?

By the way nice of you to make a real announcement first :)

Freicoin takes 80% so this is like freicoin with less %? :D Also who would want to sell btc worth 100 + usd to buy this coin?

Also are u saying this coin needs 50% of all mined coins to get somewhere? :)

This will depend on the proof of work selected on a current poll.

But rest assured, it definitely will not be zero like so many other coins before it.

Yes, however no demurage,  flexible proof-of-work scrypt based and 2 times BTC mint rate.

Works similar to Freicoin in this aspect, however distribution is more uniform.

So, there are 2016 distribution addresses, each recorded and monitored by the block chain.

Each of the 2016 distribution addresses has their own market making function.

So one may may be a faucet that just loses money all the time but promotes the coin.
Another one may be a satoshi dice like that profits on a percentage of bets.
We have another one that provides bond like functionality.
So we have lots of these built up over time to stimulate the economy.

Over time, each of these addresses starts being incorporated in the miner in P2P fashion.

I appreciate the response and I did read the FAQ. I'm just not down with giving you 50% of my meager hashing power for free. Thanks though.

I think this is actually pretty clever. I think if you gave the miners 90% outright and only 10% went to the further development of the coin you would get a better response. 50% of every single block is too much imo but I like the concept.

Keep in mind that the key to successful mining is to hold coins that appreciate in value over time.   All alt-coins that have releaase recently have done nothing but go down over time.

If you compare with devcoin and freicoin which have been around for quite a long time (relatively) 50% is actually more generous.   

However, think of it this way,  if you were an early stage investor in a start-up, would you feel comfortable taking 90% of the outstanding shares and leaving just 10% to the people who will run the company?   I doubt you will since you give little incentive for them to perform.

Mining is at present is a way to get shares at a discount relative to the market (just look at the price of most coins).   Certainly, miners would mine a more profitable coin, however remember, most mining profit is made by holding coins that appreciate over time.   

Not only will it have a new feature, it will actually be well supported (unlike many other coins that we shall not name)

It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins.  Yet, I see no finance team to complement the dev team.  You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins?  How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out?  Congrats, you have invented the open source version of this financial nonsense.  Except there is no central governing entity to bail out zenith coin.  It will just fail, leaving a wasteful carbon footprint and nothing more.  This is laughable.  And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects.  Your 'market making' activities will have the exact opposite effect of creating incentive for the devs.  I repeat, this is laughable.

Look at that, something with a chance to be valuable.

Market Making at the most simplest form is to to use the fund to acquire reserve deflationary currencies to back the coin.  Just like any central bank backs its currency by holding reserves in a basket of other currencies.

Let's speak about arbitrage here for a second.  Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency.

I think if you at this as an experimental test best for all kinds of new bitcoin mechanisms, then the coin itself becomes valuable in that it validates new innovations.   

So, instead of a premine, he just takes %50 of the miner's coins  ???

Adjusted to every 9 blocks.

Important question:
Who will hold the trust coins?

Yes, lets speak about arbitrage.  Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model.  It shows your inexperience, and quite frankly, immaturity and lack of discipline.  Show me your proposed scheme.  Is it strictly lateral arbitrage?  That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD?  And then what happens if BTC runs?  You've basically crippled your returns.  And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls?

And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities?  Who's the trading team?  Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise?  I can go on and on...

It is clear the model for your coin is ill-advised.

Not if the objective is to hold 50% of all mined coins...

Without an instrument for the investors (miners) to steer the funds to goals its pretty much broken from the getgo.
The fund could be very transparent about buying blow and hookers from the coins and there is nothing the investors could do except walk away and take their losses.

You can look it another way,  half of all newly minted coins go to the miners, the other half go to coin development.

Or 50% go to operations, 50% go to development.

Miners enable the coin to operate on a daily basis.
Development creates new value for the coin over time.

A this time there is no mechanism for investors to steer where the funds go.

The first goal however is to provide transparency as to where the funds are going via the block chain and enhancements to the block chain explorer.

As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses.   Not every strategy may work long term. 

Howwever, this model is much better than any of the other coins that are out there.   What value do they provide other than serve as an indirect way to mine BTC or LTC?

Your model fails, because "retaining" 50% coins for "investemen", stakers of this coin will be ... the half of rich than another coin without this "innovative" "50% coins retained artifact".  Btw, nice try :D.

This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is.  It is clear there is no trading team.  And it is safe to assume your resume lacks any experience in capital management.  A coin is only as good as its devs and their requisite skills.  So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin.  As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world.  But I thank you for the chuckle...

launch in 5... 4... 3... 2... 1...

WE are the 50%! Huzzah! Screwed us over before the coin even launched! Fantastic! Original! Newage!

This guy is the biggest hypocrite ever. He bashed Feathercoin for being a clone etc when it first came out to the point he was almost crying (btce trollbox and on cryptonit). Then it went to the moon and he raged like a little baby non-stop... Now suddenly he wants to release a clone coin and keep half the coins to himself  ::)

Worth Noting: Nothing is stopping developers from taking the ENTIRE 50% of the 'fund' and treating it just like a premine scam, selling the entire stock at market price, keeping the BTC/LTC for themselves and killing off the coin for a profit.

Whats with the super-vague launch 'time'. 'Sometime June 1st is a 24 hour window, not accounting for time zones etc'.

I asked on btce but I will ask again can you have a mining pool ready for release and give me the gmt time for starting thanks

Feathercoin deserved to be exposed:

(1) Non unique block chain
(2) Rigged insta-mine.  1.6 million coins in 3 hours.  One block every 5 seconds.
(3) Non-existent developer support.

and currently

(4) 2 hour block confirmation times.

ZenithCoin is transparent about the nature of the coin.   If you like the terms, then participate.   It does not advertise one thing (1 minute per block) and do something else (5 seconds per block).

So if you are happy with your Feathercoin, then best of luck to you!

Folks, there's no insta-mine here,   it will not matter if you are 24 hours late to the party.   

This coin is designed to be sustainable in the long term.   So even if only a few miners are interested, then that should be perfectly acceptable.    We don't even care if it even trades in an exchange.  There is no rush to list it!  Don't mine if you have an expectation that we would list the coin quickly in the exchange.   We could do the same thing another coin (PXC) did,  request a de-listing.

We don't want anyone to pay too much for the coin, we want the coin to appreciate on its on merit and not some pump and dump scheme.   

Nothing stops the developers or the miners from selling off the coin.   Isn't that what happened to FTC, CHN, etc?  Nothing stopped the miners who mined 1.6 million coins in 2 hours at zero difficulty from selling.   Of course, what's their incentive on holding on the coin? 

The 50% split is meant to be a balance, a kind of standoff.   The developers trust that the miners will not sell off the coin, the miners trust that the developer do not sell of the coin.   Mutual trust, mutual self destruction.

The investors however are going to watch the behavior of both parties.   If they aren't cooperating, then the coin isn't going to go anywhere.    Kind of like a Nash equilibrium.

We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading.

Over time, we may solicit more expertise.

But at this time, the core team are mostly software developers.

so basicly Litecoin with 50% Freicoin like foundation or did I miss anything?

I don't know you. How do I know, you won't just dump that %50 on an exchange, and laugh your way to the bank? ::)

Your logic is flawed.  According to the canonical example of the Prisoner's Dilemma, both prisoners (miners and devs) will confess (dump their coins) even when it might seem in their best interest to not confess (dump their coins).  The Nash equilibrium is both sides dumping their coins!  There will be no waiting and watching the other side because that will cost them if they do.  As mentioned above by someone else, nothing is stopping you from dumping your coins, no different if it was premined, instamined, or freaking datamined.

Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right?  This is hilarious.  Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering.  Repay your debtors interest/dividend payments via your trading profits.  You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game).  Using a cryptocoin for your HFT ops guarantees nothing for either side.

By your logic, every shareholder of a stock should sell his holding at the opportunity at an IPO.   If the Devs believe their will be value in their contributions, then they will hold.   Let us examine a very similar coin,  Freicoin with 80% going to the devs... look at the block chain.  It is barely spent.

If however, if the devs entered in this endeavor in the manner of FTC.  Then the devs have no confidence in their ability to improve its worth under than the initial hype.   So they sell.... and leave everyone else a bagholder.

At this time we are not at liberty to devulge the nature of the services we are creating.   Give it time and you will appreciate the novelty, uniqueness and profitability of the approach.

Both examples are misguided.  Stock owners are entitled to future dividend payments, are protected by central governing authorities to oversee accuracy in accounting methods and abuse of executive power, and have a right to vote and participate in a company's decision making process.  A zenith coin has nothing even similar to the protection of shareholders of company stock.

Freicoin's demurrage forced savers to be spenders even when there is nothing to spend it on.  And this was the funny irony for Freicoin, because adoption/usage is the initial problem all altcoins have to solve.  Freicoin possesses an additional inherent pressure to gain adoption.  Why hold Freicoins and be submitted to demurrage while awaiting merchant adoption to reach some critical mass, especially when there are so many other choices of cryptocoins?  Freicoin was an admirable, but flawed model.

No, no such thing will happen, I assure you.  I've seen HFT algorithms in credit markets that would make your head spin.  I've conducted my own statistical arbitrage operations in derivative markets.  The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us.  And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence.

There is a major difference between a statup (w/c this is) and a public company listed in an exchange.   The latter has to comply to stricter rules and regulations.  

I agree that Freicoin is strange, however despite this, the coin is trading above zero.   Consider its current market cap, it is not small change.

You just admitted the lack of sophistication of the crypt-currency market.   What that tells me are that there are opportunities using tools that would not work in traditional more mature exchanges.

If you premines 50 % of coins, staker of your "coin" will become an half of rich than f another coin without 50 % premine. Please, give up this scam.

Perhaps if you code an automathic Found Reserve with your own 10.000 BTCs as a counterpart it would be an novelty, but 50 % premined coins it is just an Scamming Reserve. NO offence, just a suggestion ;).

https://bitcointalk.org/index.php?topic=219644.msg2320560#msg2320560

Well, at most this guy will do a different PoW, Blake512 Scrypt.

https://bitcointalk.org/index.php?topic=219652.0

Please, solracxc, tell us how you will implement Blake512 (fixed, dependinf on height... ) :D. I hope you make what you promised ...

...like I said, it would be irresponsible for anyone to let you PLAY with 50% of their computational electricity.  Exploit the inefficiencies with your own capital.  Go ask mommy and daddy for a loan if you're so confident of attaining trading profits.  Why include everyone in your glorious trading operations with your glorious trading team?  Surely you know that regardless of the inefficiencies, the markets always sort themselves out.  And the larger the capital, the quicker the arbitrage opportunity will end.  It's why small/medium sized hedge funds generally outperform large hedge funds, especially when just starting out.  Trust me, the btct.com idea is not a bad idea.  Let your profits/interest payments speak for itself and in time you'll be able to have more successful debt offerings.

Still watching the poll.  But looks like Blake512 is the front runner.

Not exactly sure what you are arguing for here. 

Anyway, we both know that current alt-currencies are floawed in that they only serve as proxy to mining BTC or LTC.     

So clearly something different, like ZentichCoin has the potential to shake things up.

when are going you to coding flavour scrypt PoW if launching is 1 Jun?  Plesae, close the poll and start to coding now!!!!!!!!

The coin is designed to easily use any scrypt.  We are leaning towards Blake 512 to create some stickiness with the initial miners.   

No

Definitely going to be more profitable than mining WDC.

Lol, what a fail launch.

He seems to have checked in the important bits of code already: https://github.com/zenithcoin/ZenithCoin
Doesn't appear to by anything stopping people from compiling it themselves.

Thats a shitty response, tbh

That is correct, all the code is checked in already and has been tested in a test box for both testnet and regular network.

Anyone could on theory start mining if they compile the code themselves.  At this time, any changes will involve just network parameters. 

No it is not.  Google will return you www.zenithcoin.com  at the top of the list.

"DigitalCoin" on the other hand is completely absent on the first page.

and that means? ...

Nope, front page. Another asshole dev, who feels being a dick will help promote his coin, and, from me, yet another, go fuck yourself.

TLDR: total fail. Op couldn't figure out how to compile qt, Mac or Ubuntu client. Abandoning project that went over launch deadline.

The end.

That it has launched, presumably.

Go ahead and compile for your system and start mining...

The part about network parameters though, does that maybe mean the magic handshake bytes have not been changed from whichever coin this was cloned from, so that it is not really actually a separate coin-network of its own yet?

-MarkM-

No binaries at start, as usual. :-\

So? The pre-mine is already built in, the dev gets 50% no matter who mines, right? So what does it matter whether some people are faster at compiling than others? The pre-mine is already a done deal.

-MarkM-

I forgot about that part...So, wait, not only does he get %50 of eveything mined, he couldn't even be bothered to compile the clients for people. Man, laziest scam ever

You'd be lucky to happen upon an IRC channel that has someone else in it, as it picks from 100 channels at random so until there are many more than 100 clients on IRC chances are good that you will land in a channel that has no one else in it.

However you can use -addnode=198.154.60.61:19312 to find a node with an open incoming port.

(Its default ports seem to be the same as bitcoin's, hooking up to a bitcoin node wouldn't be very useful...)

-MarkM-

Are you mining it already?

I put a couple of CPUs on it, as you need a connection in order to mine so had to set up two nodes.

I hoped we could have another of those nice CPU-mined coins, at least for a while.

But no, just one other person on it and instead of economising on electricty by just using the least necessary amount of hashing they are zooming through blocks so fast they are darn close to orphaning their own blocks were it not for the fact one doesn't orphan one's own blocks.

So who-ever joins as third participant likely will also have to spend insane amounts of electricity and both of them will be making it much harder much faster than need be and likely both start getting orphans too. Sigh.

Tenebrix and Fairbrix are so much more civilised, lots of people quietly CPU mining month after month, so far none of these "lets spoil it for everyone by wasting more electricity than need be" folks screwing it up for everyone yet...

-MarkM-

Well that was a total waste of time.

It took only two miners to totally ruin the whole thing, turning it into just another orphan-fest of insta-mining.

I'll stick to Tenebrix and Fairbrix.

Notice that: just TWO miners.

The pathetically stupidly low difficulty is basically no different from zero difficulty.

You obviously do need one or probably much more than one as initial difficulty to do any kind of reasonable launch these days.

TWO miners should have been NEGLIGIBLE, just two such guys should have needed hours per block, since in a proper launch there would be dozens and dozens of such miners...

-MarkM-

That's correct.   The IRC is problematic at this time.

So we will setting up some nodes.

P-P-P-P-P-P-P-P-P-P-P-P-P-P-Passsssssssssssssssssssssss

nm found the source code...no qt though yeppie.

https://github.com/zenithcoin/ZenithCoin

The source is on GitHub.   QT has not been compiled and tested.   Long term plans do not include QT as a client.

Don't worry about it, obviously it is far from ready to launch.

It needs to set some ports that do not conflict with bitcoin's, it needs to set a massively higher difficulty that will take a hell of a lot more than just two miners to manage to mine faster than the target difficulty, it might even need handshake magic-bytes to make it unable to "accidently" connect to some other coin's clients.

All in all it is an abortive mess, wait for the author to fix it up and probably even make a new genesis block so all this garbage pre-test stuff goes away, and launches it properly with a reasonable difficulty.

-MarkM-

I got the following error when trying to compile the daemon in Ubuntu 12.04:

Yes, the initial difficulty setting is problematic.   I will need it higher and have a better coordinated launch for miners.

The port actually is correct, but there is a section of code that displays them incorrectly as that of bitcoin.

Yes,  a new genesis block is in order.

Thanks.

Thanks for the heads up saves me the time and headach of trying to figure out how to get this to run on windows lol. Least I got time to mess with it now. He just said no plans on a -qt that might really limit the users for this then.

What happened to your plan to implement a different algo, also just noticed on the POW thread you have the voting set to end on the 4th even tho you wanted to release on the 1st, are you planing on going ahead with it with a new genesis block or leave it as it is now and patch up the code as you go?

when will windows binaries be released ?

Andddddddd it's dead

i think so

yep killed 80% right off the bat right there with that decision.

solracx, your "team dev" has incluided scrypt-jane source in project, but it is not referenced in any makefile so it is not built at all ... are your "team dev" conscius of this situation?  Please, give us an answer.

any special about this coin ?

yes, it's probably the worst launch in the last week

With the delayed miner launch...  I can look on doing this for the first blocks.

The client will be based on MultiBit and not QT.  Hope that helps.

We also would like to have a client based on Armory.

(1) We said that this was in alpha.
(2) We had not yet released binaries.
(3) We have not even started mining.

Be a little bit patient.   Better haste than waste.

This means you can do some pre-integration work with client.

Any coins that you mine until the mining launch could go poof!

ETA ?

Yes, the scrypt jane is there for future integration into the PoW.

Do you plan to change the scrypt algo and  change diff next to launch? You will fork your coin, stupid.

More like the slowest launch ever.   

solracx

Remember that we are just criticizing it now... much better to work out the bugs now than have it fucked up from the start.

I have to say though if there is no -qt, you need some sort of 'wallet" program that windows users can use very easily. Not having this will cut out a good majority of people using your idea

every edit is done under the original one with a date and time, no corrections and lies. I like that [for now, only that :( ]

lets quote it to keep the original form stored.

A Freicoin clone?? Ouch, DOA despite the "fist commit."

I am not too thrilled with the QT code base and have no aspirations on maintaining it.   So, yes, it is like not going to be part of the ZenithCoin distribution.

For now,  users will have to settle with command line. ;-)

But rest assured, we do have plans for a GUI wallet.  It is just not going to be QT.

Man, there is tutorials for dummis for building client for windows out there ....

Worst dev ever , hahahaa

how does your foot feel now? I bet it doesn't like being shot..

Agree, one of our weaknesses, we only know Unix (MacOS and Linux).  We will probably give out bounties for Windows work.  

The real weakness is calling Linux as UNIX  ::)

Most people can not use command line lets alone even know what it is. Hell compiling on windows is a pain in the ass unless you know what your doing even then it can be a major pain.

Take my word on this, if there is anything you would listen to me on anything... you need a windows-qt or something along those lines. Without it, you will really limit who does your thing here... and really closing the door to the bigger market ( if no "wallet" whos gonna buy it? )

That would be wise. There has been a few that are in the same boat without the knowledge on building stuff for windows that have done bounties for them.

I see 2 fatal flaws without even looking into it in more detail:

1. 50% of all coins go to the developers. For this alone I will never mine this coin. The concept isn't actually a bad one but instead of keeping 50%, maybe 0.5% would be "reasonable".

2. No Windows-qt. This gives everyone that is not using Windows a huge head start. Someone will make the Windows client but by then everyone else will have raped the coin.

So for me for the first reason alone, I will never support this coin. And that is saying something because I have almost every wallet in existence.

Yes, this will appeal to miners who understand the value proposition.

You don't need windows-qt to mine the coin.

Well, what can i say. Another dead-born coin.

that happen when people use horrible libraries as boost... that it is making so hard to compile for other platforms...
boost, the stack of shit where everybody can go to make shit...

Is the Freicoin difficulty/budget code working well?

This is a pretty good demonstration of the Freicoin code to those of you who won't touch Freicoin.

Lack of a windows binary is a sure sign of developer incompetence.

This is likely the first coin derived the Freicoin code base.

I think it was a good choice considering that Freicoin has some really good developers backing them.  I hope that their foundation can subsidize projects that ZenithCoin can also benefit from.

True. In the same way that you CAN accept only Diner Club at your store, but 9/10 people will think you are out of your mind and walk away.

Lack of a windows binary only means that it is not is the list of high priorities.

You need to install the gmp libraries.

sudo apt-get install libgmp3-dev

Yes everybody must use Hazard's altcoin creation service ....

You gotta love the fuckups in the initial commit:



Move along, nothing to see. Just another failed altcoin done by a toddler.

Well thanks for the second catch.

The DNS seed is not yet working.   The default setting will first be IRC (like the original Bitcoin).  (Reminder to self:  set this up prior to mining launch)

It indeed is interesting that the current Bitcoin defaults are not applicable for a newly created coin.

Yes, that looks right. 

Just a disclaimer, you can test mine right now, but we'll recreate the genesis block on the official mining launch so you will will lose these test coins.

Thanks for your interest.

Now after thinking about it, a Windows-QT may be necessary.   I think there are a lot of casual miners out there that use their game boxes to mine.

No problem, here is a  qt-client I built from your source.

Port: 9737
RPCPOrt: 8332

nodes:
54.234.70.232
54.215.138.30


zenithcoin-qt.exe: https://docs.google.com/file/d/0BzXEsJ2U6ejeSC1HbkpCTDdGcEk/edit?usp=sharing

Is working great :) Already mined 792 :)

Diff is low :o

ZenithCoin is amazing ... best crypto in the late times ...

Still very low :)


12:54:22

{
"version" : 70200,
"protocolversion" : 60002,
"walletversion" : 60000,
"balance" : "10.00000000",
"blocks" : 7951,
"connections" : 3,
"proxy" : "",
"difficulty" : 0.00390625,
"testnet" : false,
"keypoololdest" : 1370422309,
"keypoolsize" : 101,
"paytxfee" : "0.00100000",
"errors" : ""
}

"difficulty" : 0.01562500

and increasing

Hi,

this is the official blockchain with genesis block publisehd in https://github.com/zenithcoin/ZenithCoin . Creator probalby are referring at THIS MINING of GENESIS BLOCK. Btw, the blockchain can not be "deleted", can be forked, but creator are not going to self-forking  .. it is not sense ...   It is possible creator was not fast enough for providing full range of  software distribuitions ... but with Windows Qt client,  problem is solved finally.   Peace.

Blockchain is perfectly legit :

Block 0 hash : 2ad2fd149210469fb1c86c11e0ff6515eb08e297944694bef5031200ee8b1924

https://github.com/zenithcoin/ZenithCoin/commit/e4ab1d675aae4ba0722e934620a4316f07c9ac32

Creator of ZenithCoin is solracx, of course; he created and published source code , including genesis block. Genesis block is already mined by default; I just compiled the Windows qt client and when launching client for mining this morning, blockchain was already there ... 

The problem of this coin launching was in the lack of Windows Qt client, avoding easy adoption; witn Windows client, this problem disappair :D.

but this windows client show freicoin wallet  ... can you explain that problem ?

Man, ZenithCoin is based on Freicoin ... You can see that ZenithCoin is using scrypt, not SHA256 ;)

I think it is a misunderstanding related to "supported" mining nodes, because is nor possible "to ignore" a genesis block already published and validated by a legit blockchain it Is posible he is referring to the special status of this "corporated" mining nodes.

What is there to misunderstand???



Current github shows genesis block from 4 days ago:

https://github.com/zenithcoin/ZenithCoin/commit/e4ab1d675aae4ba0722e934620a4316f07c9ac32

Genesis block published 4 days ago is the current block genesis, man. solracx use a particular terminology, obviously recreate means  in this context to mine rather to fork.

It is already said, the problem for recreating  CURRENT GENESIS Block was the lack of windows QT client. With this piece of software, genesis block is recreated within the blockchain, within the Windows Qt clients.

There is near 9000 blocks ...  not recreated enough  ? :D

Coins are in blockchain  ...

Creators  likes to play with miners, it is a known fact :D

I think it is clear ..

;D it's clear when you cut that post like that

I know it is really exciting to get a jump on everyone, but as stated earlier,  the coins that you mine now are not going to be valid when the coin is launched for mining.


Also,  users need to be very careful about binaries that do not come officially from the source.


Thank you for your interest though.

"clear"? No, not at all.

?¿?¿ I dont understand.

I compiled the Windows qt client. If you want, you can use it. Ohterwise, no problem,  others are mining with it.

Regards,

If you not want nobody mine, dont publish genesis block.  Sorry, but I dont understand so childish attitude.

Well that's a lot of blocks that you've mined.   All I can say is "thanks for testing out the coin".

It's not yours to decide, ZenithCoin is launched.

You'll have to find a new name for your relaunch, this can't be stopped.
I support this chain to be ZenithCoin, it's not in your hands anymore.

Uhmmmm, they are REAL coins.

It's not a high priority to compile a client that 90% of this forum needs?

What the fuck are your priorities then? :D

Windows Qt client is on, and Coin is launched as long as it is been adopted by users. So this is the bitcoin realm.

Ok.  We will change our priorities here.   I just realized that alot of mining is performed by gamers who have windows machines and apparently need a UI interface.   

Ok... 500 ZTC bounty for a compilation and binaries of the QT client.

But, I will have to check in the code for the QT client first.

The plan was to have a MultiBit client for Windows, MacOS X and Linux.    But we can have a windows QT client in the interim prior to launch.

You can test mine to your heart's content.   Thank you for creating coins that we can test with.   

Unofficial?¿?¿ Check genesis block , please,


I hoped a bounty for compiling Windows Qt client for this amazing coin  ....

Please, the coin is runinn, Are you concious that you are planing an auto-fork?  CLient Windows qt is done, man, it is not necessary doing forks. Forks are because techincal issues or bugs ....

Another joke of a dev who let his genesis block get leaked :D

Good job Eagle.

ZenithCoin is launched, community take-over! Start mining now while diff is low :)

https://bitcointalk.org/index.php?topic=226112.0

This has got to be a first!   Alt-coin hijacked prior to official launch!

Negative. Elacoin :D

In the footer of the Zenithcoin page, it says FrictionlessCoin.

Now that the community has taken ZenithCoin and run with it, why don't you just re-release it with your originally intended name(or was that the name for whatever WordPress coin theme you used)?

~richgene

The biq question here is whether this hijacked launch was a fair launch or not.   

This is a good pre-launch test in my opinion.

You simply were not stay in launch ...

LOL. It is not good to hijack coin from the developer. ;D
Because coin without active developer is dead "a priori".

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

Well that's a nice collection of newly minted *test* ZTC.

I suggest waiting for the official launch.  

  

A launch that is perceived to be fair is in the best interest of this coin.   

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

You and eagle should first pause your mining operations,  allow us to verify the binary and we can negotiate if the coins you have already mined are to be made official.

I'm mining PhenixCoin atm, so I already stopped mining :) I mined 534 blocks and got 10 for free in a giveaway.
And if you doubt the binary, compile and launch your own binary. I will run it in sandbox again and scan it anyway.

If you didn't want a launch, why did you release the source, create a genesis block and state the launch is at the first of june? :)

It's not that I worry about my 3 hours of mining and 534 lousy blocks that will never be worth a penny because of all the crapcoins that are launched atm.
It's the fact that you made a mistake by stating an already passed date, release the chain to public and then say "oh sorry, mistake, start over!".

Imagine if Satoshi would do that with Bitcoin...

The site has some funny tidbits.


Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>



Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

I got abouyt 2037  blocks >..< and you want to start it again ?

That will be fun :D
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times and fail too

Agree, not sure why folks are still pushing this hijack idea.

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork :)

Enough of this 'hard fork' charade.    Thank you for test mining ZenithCoin.

ZenithCois not at testnet, it's a live coin and you are no longer in charge and / or relevant for it.

You started it but can't stop it, that's the power of crypto currencies and the only reason people have trust in it :)

There are zero ZTC coins at the moment... All those coins are virtual and a figment of your imagination.  It is just like those guys who tried to sell the BTC testnet coins.

Yes, you should read the details about the coin prior to mining.

Honestly you should just ride with the blockchain as it is now or start a new coin.

Just pick a different name, ZenithCoin isn't the end all name. Call it MoonCoin, instead of using the sun in your pictures. Talk about how the tides and crap and you've already got your sales pitch.

ZenithCoin will forever be tarnished.

~richgene

From your OP:


I can read, so can others.
Can't even think of a reason why you want to restart, but you can't anyway.

So, is it a scandal ? i will call it "a scandal coin"  ;D

 :)

No scandal here.  Just a bunch of over zealous miners mining test coins and attempting to make a big deal about it.

Uhu, when you plan on not telling the complete truth, remove the evidence first :)

Besides that, you are not able to explain why you want to restart the coin.

It's working, people are mining it, it hashes away, you can still make adjustments in client updates, what's the problem?

And what do we have to expect from the "chargeback feature"?

Yes, the coin is working correctly.   We had corrected the networking issues that we had previously.

The current roadmap for the coin is published here: http://www.zenithcoin.com/?page_id=8

If you miners had not made modifications on the source code,  we would have been inclined to perform a staggered launch.

Anyway, water under the bridge.

Thanks for testing!

We will make official announcement for launch date and time soon.

Expect it to be over the weekend.

 

You have 2 options:

- stay at this release / chain and be a part of ZenithCoin
- release another coin, you are out

You can repeat "thanks for testing" but the only one who will be testing is you, if you try fly solo on this :)

You don't get it do you?   You aren't in any position to dictate terms here.   If you want to create another alt-coin with the test coins you mined, then go ahead.   
   
if you can't wait for the official mining to start, spend your time mining other coins.

:) We will see...

How does the majority feel about this?

- restart
- keep it going

?

If there is a large majority for a restart, I won't block it anymore.

But I still have to warn you for the "features" of this coin.
Chargeback = paypal coin.
And 50% to developer = scam.

Just to clarify,  it is not going to be exactly the same a credit card chargeback.  Rather, it will be something along the lines that if a wallet is stolen, then an owner has 24 hours to retrieve back the stolen contents.

www.zenithcoin.com FAQ explains the nature of this coin.   It is similar to devcoin and freicoin, but with a bigger percentage going back to miners.   

 

But how do you prove a wallet is stolen? I can claim my wallet is stolen and have my coins back too?... I think back-ups and security are your own responsibility.

A second confirmation is required for funds to transfer before a time t.  Time t is calculated as a function of the size of the transaction.   So for example, if someone took 1m coins without your consent, you may have 24 hours to clawback the transaction.   If someone took .5, you may have 5 minutes to claw back the transaction.

You and your buddy eagleEye are squatting on our zenithcoin channel with a completely incompatible daemon.  

The official daemons compiled from source will not accept your blocks.  They are worthless from the point of view of the official binaries and distribution.  

All you guys are doing is simply equivalent to a DDoS and preventing the zenithcoin network from testing.  

Please stop wasting our time by jamming our network!

I love these threads. Op makes copy-paste coin and releases source and genesis block. Someone compiles windows client and starts mining. Op throws tantrum and calls them scammers and counters by changing network parameters and compiling new genesis block.

WTF you released an open source coin dude! How is someone else compiling windows qt (that you were incapable of) scamming? What a damn facepalm this entire sub forum is..

 :-X  :'(  :P

these folks modified the source code to a completely incompatible chain.   

the official code is not accepting the incompatible chain.

now he is sitting on the irc channel refusing to get out.  the fix of course is easy,  but these folks are just wasting people's time by playing these games.

the reason why I call them scammers is that they tried to pass off the modified version as the real thing and tried to sell counterfeit ZTC.   

"They"?

I never tried to sell or sold a ZTC, I have 534 blocks and 10 from the giveaway.

You are trying to launch a coin with a 50% pre-mine and call it "corporate equity". Miners call it a "corporate scam".

I'm trying to warn people against this, untill you change that.

Eagleeye has a thread in bitcointalk where he is trying to pawn off these counterfeit ZTC.   He even has a giveaway thread.

The coin does not have a 50% pre-mine,  that is like equivalent in saying devcoin has a 90% pre-mine and freicoin has a 80% pre-mine.   Use proper terminology.

This 50% subsidy is spelled out explicitly on www.zenithcoin.com.    If miners do not like the terms, then they should not bother to mine.  That is pretty clear.

The coin is designed to have conservative parameters,  2.5 minute confirms (not 15 seconds that creates too many orphans and has network issues),  24 coins per block (not 200 that overly dilutes the coin),  9 block retarget (no issues like FTC and CNC), 42 million coins (not 800 million), no instamine (not 1.6 million coins in 2 hours).

The proposition is simple,  accept a 50% share in profits for a better maintained coin.  Otherwise, you cain go invest in FTC, CNC and the like that have absolutely no future.

Why will anyone trust you with 50% of the coins, given the incompetence you have all ready shown?

I know I wouldn't waste my time and electricity mining a coin that intends to give 21 million coins to the developer for nothing aside from changing a few variables in a litecoin fork. A 50% premium to the developer is nothing but greed.

Lol. Up until a couple of weeks ago Solacx was heavily against alt currency clones, and was bashing all the new releases in the btc-e trollbox. That all changed when he had a 'brainwave' and thought he could get rich by cloning Freicoin and awarding himself half the coins.

Only a few of the alt-coin makes any sense from a financial perspective.

Where's the stewardship of other alt-coins?  See this article on pump and dump coins: http://www.legitcoinage.com/?p=27

I like Freicoin, there is stewardship there.   This, is a variation of Freicoin,  no demurrage, scrypt based, number of coins twice that of Bitcoin and confirmation speed like Litecoin.

What's not to like?

^^^^^^^ THIS!

People MIGHT( and I stress the MIGHT) be okay with paying a dividend if there was an open, transparent vibe about it. All you've said is "it's a good thing, why not?".

If you had a way to show where the money was going, have it be completely visible about when money comes and goes, had a plan how said money would actually help the coin grow long term, then MAAAAYYYYBBEEEE people would be okay with it.

The way things look, nothing close to innovation has been accomplished here.


And Chargebacks, WTF were you smoking when that sounded like a good idea? No, no, and no. This has disaster written all over it. Instead of chargebacks, educate your coin users about fraud prevention. I really can't imagine a situation where you'd need a chargeback if you'd started smart using escrow, etc.

Please explain why you think chargebacks on a digital currency are a good idea, I'm honestly curious as to why you think this is a good thing.
~richgene

About chargebacks.

More like time constrained charge backs.

If some one sends 1 million coins, then there is a longer time to claim a charge back from someone who sent 1 coin.

Think more on the lines of two factor authentication.

Account A sends 1 million coins to account B.
Account B cannot claim account A funds until fixed time T.
If before fixed time T, account A cancels, then account B does not have access to transfer funds.

More like a time bound escrow.

Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin

Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.

This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain ;).

regards.

You are entirely cluess.   None of the official clients will work with your fork.   Doesn't work that way,  you changed the source code.   Your blockchain is worthless.  Stop wasting your time and everyone's time with this charade.

No, it is working. Both clients are using the same block genesis created by yourself.

I just have fixed IRC, add qt dependencies, deactivated 50% funds and added checkpoints.

You can see here:
https://github.com/eagleeyee/ZenithCoin/commits/master

Sorry, dude... does not work even with same genesis.  You changed the source code,   now none of your mined block verify correctly.


Besides, a new block chain will be created on release.



   Go hack up your own coin.

It is working :


You already created a block genesis, your block 0 2ad2fd149210469fb1c86c11e0ff6515eb08e297944694bef5031200ee8b1924

The 50% funds retained is an fascist idea, so this the reason for deactivating it.

If any interested in this coin, there is a thread there out with binaries and so.

Regards,

What a disaster.

A sends 1 million coins to B.
A says, "I sent the coins!" 
B then sends product or other coins to A. 
A says, "hahaha chargeback beeyatch! Thanks solracx!"

The blockchain that you have only works with clients that you have compiled.  Does not work with the official binaries.   Sorry,  but it only works in your own little island.   


Thanks for wasting energy.

from http://www.zenithcoin.com/?p=31

Mining for the first 3 days will be performed by invitation only .
For the first 3 days, 98.9583333%% of all coins will go to mining.
As further incentive. Miner rewards will be 4 times  the normal subsidy amount. So instead of 24 coins per block, it will be 96 coins per block.
Please email info@zenithcoin.com prior to June, 8th 2013 to reserve as spot. Please specify your platform on the email.
Binaries and mining coordinates will be provided in private to this select group on June 9th.

Who is gonna buy this premine scam?  ::)

This is the only way this coin is going to get anyone mining it at all. Despite what the dev says, this is a relaunch. The original launch wasn't a test. It was just a complete and utter cockup which got no support due to the dev being unable to provide binaries for Windows at the very least.

Anyone who mines a coin with a massive premium going to the developer, an organised premine for a select few and also allows the potential for chargebacks needs their head examining.

ZenithCoin v1 has more chance of succeeding than the official version relaunch does.

It takes people who understand the concept of 'corporate equity' or the more common word 'stocks' to understand what ZenithCoin actually is.   

Most alt-coins are going straight to zero because they don't understand this concept of responsibility through shared equity.

You probably got it all backwards,  any coin without developer incentive to back is worthless and anyone investing in them needs their head examined.

It is like investing in a penny stock without having a company behind it. 

Takeing 50% of the coins is no different then a pre-mine.  How does this give you any more incentive then just mining 21 millioin from the begining?

If you have so much faith in the coin, why dont you let miners keep all of the coins and when the coin reaches cryptsy you buy all the coins for cheap and use that for incentive?   Stealing coins from miners to pay developers doesnt show much faith on your part and this coin will fail.  

Also your private mining party is just plain stupid

Tunnel vision here.  Not all coins are going to be like Bitcoin or serve the same purpose as Bitcoin.     

This is an equity coin like DevCoin and FreiCoin.   

If you can't understand how that works then stop comparing apples and oranges. 

It might be a good idea but you have already proved you dont know how to release a coin.   Why should people believe that you are competent enough to do productive things with the coins you will be recieving from the minors?

The coin is in the process of being released.  It is not a pump and dump coin that is announced a minute after it is released.

It is a deliberate release giving people enough time to review the coin.

The first source release was last week June 1st.   A week to review the source is actually a bit tight, but is fair.

You are trying to make judgement of something that hasn't even come out.

Give it at least a couple of months before you give judgement.

Speaking about innovation, this is going to be the first alt-coin that have UI clients that other QT.   

It is also the first scrypt coin that is NOT derived from Litecoin or Novacoin.   

More firsts are planned for the future.

I predict that you will regret not participating in this early.

Ok.   But you havent given any reason on why we should trust you with the coins.  You already had the coin hijacked from you on the first release and all you keep saying is that this coin is so different.  Why should we trust you as a Dev?  Other then a good Block explorer  what other kind of stuff do you have planned for the release?  Have you Developed anything that these coins can be used on once it is released,  or do we have to wait until the free coins start rolling into you before we get anything like that?

There was never a hijack.  Some miner mined nothing but test coins.

Ask yourself this, why should you trust any other alt-coin?   I wouldn't trust them until they can prove they can truly add value.

Unfortunately, none of the alt-coin devs have any incentive for future development.  They have made their money on pre-mining or insta-mining.  After that,  they abandon the coin and move on to create yet another coin.  From an investors perspective it is a bum deal.

Ask anyone who invested on FTC, CNC, BTB, WDC, MNC, YAC, .... the list is endless.

Lot of investors holding coins with absolutely no future.

I dont trust any other alt-coin.  I expect them to pump and dump.  The difference here is I do the mining and you get half of my work.  What do you have developed for launch.  Gambling site?  Market Place?

I hope the coin works out for you, but you only keep saying how the other coins fail and this one is different.  How you getting 50% of the coins gives you incentive to stick with the coin.

The road map on the website doesnt have anything that gives the coin any value.  What do you have planned that will give it value?

lol so many post about the same thing... Devcoin takes 90% of ALL COINS MINED!!! ask yourself this if you mine a shit load of coins that have NO value after a pump and dump cause the dev has moved on to the next one what good was all that mining?? If you had 100,000 worthless coins would you me or someone else 60,000 if i could get you 0.0001 BTC on the other 40,000? Hey i don't like losing 50% of my coins but are they really mine? but if it works as planned and he can do things with them to keep up a real coin value to the coins that i still have in 3, 6 or even 12 mths. If they keep a real value that is worth the 50% right there... But that is just my opinion as I do not have the hash power to play with the big boys and there pump and dump game....

i dont disagree with you at all.  but what are his plans for the coin.,  what does he have developed for it so far other then the coin?  why is this so hard for him to answer?  he already screwed up the first launch,  id like to hear some of the plans?

Im not against the coin at all.  Im just skeptical of his ability

Seriously. This is probably one of the worst alt-coin launches I have ever seen. solacrx is incompetent, inept and a complete boob.

solacrx, get out with some dignity and abandon this BS Fucking coin you tried to create. You obviously have no idea what you are doing, or, what you are going to do.

Its funny, you knocked FTC from the start, but at least they have competent Devs backing their coin. You are the farthest thing from competent.

On the contrary, the launch on June 9th was successful.

No insta-mine.

Correct difficulty as designed.

Visit www.zenithcoin.com for more information and binaries

Sigh, you are an idiot, glue bag.

If the launch was successful then why are you resetting it with a new genesis block again? You've just lost the only support you had left. Just let it die already, your incompetence is legendary.

What's next? A reset after it's been running 6 months.

Best Practice - Always create a new genesis block.

Sorry to say, coins like FTC and CHN did not even have the skill to create their own genesis block.

You can't create a coin and then restart it every other day because the launch didn't go the way you planned. Stop with the BS gimmicks like pre-mine parties and your idiotic ploy to claim 50% of all coins mined and then change the name. ZenithCoin will be forever tainted.

There are still 2 1/2 days worth of mining.   It's not like the party is over.

The launch was probably the fairest launch of any coin in existence.    If you look at the block chain....  the block every 5 seconds problem just lasted for a few hundred blocks and then it quickly got into normal difficulty.

So everyone got the coins that they deserved.  No insta-mining gimick like everyone else.

ROFL, THANK YOU SO MUCH FOR THAT LAUGH!

~richgene



omg, came back to add an edit, because seriously, that's classic, I love that you feel that way. Ahhh yes, ZTC comes through again with the laughs!

It's another leech coin where 50% goes to the "devs"

www.zenithcoin.com has extensive coverage of the coin.

binaries are available to experiment with the coin.

mining at this time is extremely easy considering the low difficulty.

For you mining is extremely easy considering you get 50% of all mined coins.

Again, you sir, are an idiot. You should kill yourself, in a fire.

ZenithCoin wil be re-re-re-relaunched in 18 hours from now!

Pre-mining by invitation only! Become one of the 12 disciples of solracx  :)

Want to sign up?

Send a copy of you ID, proof of residency and creditcard number to solracx.

You can't spend the coin without permission and new private keys wil be held and distributed by solracx only.

Solracx gets 100% of the coins mined, only when you show your loyalty to solracx you get your share (50%) of your mined coins.

Stop sending false messages.

ZenithCoin progress can be seen in the block chain explorer:  http://explore.zenithcoin.com

Been running smoothly since 6/10/2013.

Is that the blockchain explorer for ZenithCoin v1, v2 or v3?
I'm still mining v1, it's healthy and the client doesn't have the 50% premine built in anymore :)

Block Explorer for the official version.  Downloadable from the official site www.zenithcoin.com.

Let me guess, you are mining on the alpha copy?  well time to upgrade!

Official version? That's ZenithCoin v1 without the 50% premine.
All the other ones, including the re-re-release, are fakes :)

Hi

Just to inform you I have added Zenithcoin to my escrow services and I can now perform trades between users. Whether you are buying items, digital services or wish to swap to other cryptocurrencies you can now.

I charge a rate of 3% for standard transactions but this can be lowered for exceptionally high amounts or volume discounts.

Please visit www.KoolioEscrow.com to carry a trade out!

Please note if you wish me to add a manual orderbook if your coin has no exchange presence this can be done, but rates would be 5% or a sizeable donation from devs in return for a lower % fee for all trades.

Please PM or contact me through my site as I may miss replies on forum threads....

Thanks

Koolio

Thanks for your addition of ZTC to your escrow service.

Miners now have an safe option to exchange their ZTC for other alternate coins or goods.

Of course, its more important to offer a place where they can safely trade their physical goods!

is this open source?

buy 5000 ztc for 0.1btc

solracx, may be don't buy other coin for this coin. just save 50% coin for stability, like foundation of stability of coin.

zenithcoin is back up and running let me know if anyone needs a node

Eh, it was never down.   It has been up for over 2 months now.

See: http://explore.zenithcoin.com   

Are there ways to earn this coin without mining, maybe by writing?

Hi all :)

2 questions..

Why did the Bitcoin client crash when I tried to import the ZTC addy ?

Why is the difficutly rising when there is only 280 khash on the network ?

Anyone home ?

You need to do a dumpprivkey on the address you want to import into the bitcoin client, then do an importprivkey with the privkey you received from dumpprivkey.

E.g. address 16izQ5rN98QNLmLwAJzFQF3qdKcuMS47zh -> privkey Kzgn37e6GcwhokoG4Ea5tn6Qbqqa3LYw9rJ2ytm231RFiewWzKbV ; do importprivkey on that, you should get back the same address

To solracx (if you are still working on this project), how goes the acquisition of mining hardware?

My bad.. importing the ZTC key, was what caused the Bitcoin client to stop responding and crash. I'll try again after it updates.

Thx.. :)

I have 25k ZTC for sale/trade. Open to offers. ;D

I belive solracx will suprise us, in one way or the other..

WTF !!

Things are looking grim.

we need an update

Were you able to get the privkey import to work ?

He's around.. just not here. :/

Strange because I certainly see some potential here.

I have 5000 zenithcoin for sale, and am more than happy to go through a service like Koolio's.

PM if you want to make an offer .....

or make me a cut and paste coin, one that is foolproof  :)

Please add a comment and vote up the request to have ZenithCoin (ZTC) listed on CoinedUp:

http://www.reddit.com/r/CoinedUp/new/

Leave your address in the reddit comments to get a 100 ZTC reward.

umm... GO PONZI YOURSELF !  ::)

Are you expecting another way to cash out your coins?   

https://bitcointalk.org/index.php?topic=295724.0

wallet does not syncs
help please

I just sync'd up.

Delete the peers.dat and debug.log files and try again.

Done!
tnx!

NP .. now lets stop wasting our time on this SCAM. ;)

https://bitcointalk.org/index.php?topic=295724.0

any word on an exchange?

diff just dropped a lot nice and easy to mine. Maybe we could get a pool set up.

None yet, but I have set up several bounty threads to try to get it into an exchange.

I received this email from Jim yesterday:

:Thank you for suggestion for the new coin type.
We will take the time to check out your suggestion and consider it for addition to the Cryptsy
trading area!

If you have any further suggestions, please let me know

Sincerely
Jim
Customer Service Manager
Cryptsy.com

Difficulty is quite low right now, so this is a great opportunity to mine.

Also,  I can give a 2,000 ZTC bounty for people to setup pools!  First 3 pools get the bounty!

I will keep up the ZTC Cryptsy Bounty thread https://cryptsy.freshdesk.com/support/discussions/topics/41385  until we actually list.

So if you can't mine, you can continue to show your support by voting up ZTC at Cryptsy.

The market will determine the price.  However,  there are only less than 2.5 million coins, so try to compare it with coins like it.

Coinmarketcap.com is a good source:

Here are some coins that are comparable (based on number of coins created):

28      Cryptogenic Bullion   $ 961,923   $ 1.03   933,591 CGB   $ 14,120   -13.58 %   
31    Mincoin                   $ 873,685   $ 0.57   1,521,751 MNC   $ 5,615   -4.03 %   
32    MemoryCoin        $ 671,369   $ 0.26   2,580,115 MMC   $ 5,286   -10.05 %     
36    Datacoin                 $ 598,965   $ 0.33   1,805,919 DTC   $ 1,119   ?     
44    Deutsche eMark       $ 344,662   $ 0.10   3,356,750 DEM   $ 4,676   -23.42 %   
45    Philosopher Stones   $ 313,640   $ 0.19   1,624,849 PHS   $ 3,651   +27.73 %   
47    Catcoin               $ 247,095   $ 0.23   1,051,650 CAT   $ 6,375   -11.64 %   
51    Bytecoin              $ 209,783   $ 0.11   1,838,078 BTE   $ 984           -20.30 %   
52    BetaCoin              $ 178,702   $ 0.034   5,310,682 BET   $ 382           -15.96 %     
58    HoboNickels      $ 128,811   $ 0.051   2,513,147 HBN   $ 968            +2.93 %   
61    Orbitcoin              $ 100,507   $ 0.093   1,082,748 ORB   $ 170            -6.01 %   
65    Noirbits                $ 63,109   $ 0.03   2,099,560 NRB   $ 1,527   -3.98 %

So in the low range, it could be work 3 cents and at the high, possibly 50 cents.

Just a reminder,  this is not a new coin,  it was created back in June 2013. 

I gotta say I have been mining a lot of altcoins lately and zenithcoin seems to be the only one that doesnt have wallet or blockchain issues.

I have a about 1000 zenithcoins - I had a look in my wallet just now and the difficulty is really low.

A good mining opportunity if enough get on board (maybe a better choice than one of 300 coins announced today)  ;D

Of course, it is not a simple clone of Litecoin.

In fact, the code is derived from the Freicoin project.  Freicoin has several top notch developers.

Different from Freicoin in that this is a Scrypt based coin and does not have the demurrage.

Also, unlike most coins that tend to get stuck when difficulty gets to high,  this coin does not have that issue.

Thanks for the positive comment though,  leave your ZTC address and I will send you 10 ZTC in appreciation.

There you go, just changed my signature

Cryptsy suggested Zenithcoin before as a possibility (in the Cryptsy thread, I think). They are aware of it.

1NfKXqvoszUXyVE7H4vAjMiSiUaRb42VM9

ty :)

with the right approach we have a good shot of getting on cryptsy though a mining pool would certainly help get peoples interest.

diff is 0.029

14KxGdGxN21VHkbUPf3Emtjjk1b2rar9Je
tnx!

Thanks man for trying to help out.

I have no idea how Cryptsy selects its coins. 

This coin has been around for 6 months without a single hickup,  meanwhile cryptsy has a lot of junk coins abandoned by developers.

Anyway,  I got my miner cranking a way.   

If you want to keep on working on giveaways, I can send you ZTC coins so you can continue to do so.

Send me your ZTC address.

I think ZTC sud be promoted at every alt-coins forums as well as on non alt-coin forums. I dnt understand a coin with so much potential is being overlooked which in case new shit coins are beings gettin into exchanges very easily.

We sud start getting the cryptsy thing back

Hi guys.

You should also vote here : http://crycurex.com/info/add-currency/
We should create some videos and publish them on Youtube.
The Facebook Page should be updated.

ZTC : 14CegLK45SoR57qT3E5tVjaCfwXJN2T6o1

https://cryptorush.in/index.php

Here theyr asking for a fee of 0.25 BTC to get a coin listed!

https://cryptorush.in/index.php?p=list-your-coin

Share some zenith love if you can thanks!
1a4Bwyheka94fPWqFt9sJUCT73TvNqnPk

The market will determine the price.  However,  there are only less than 2.5 million coins, so try to compare it with coins like it.

Coinmarketcap.com is a good source:

Here are some coins that are comparable (based on number of coins created):

28      Cryptogenic Bullion   $ 961,923   $ 1.03   933,591 CGB   $ 14,120   -13.58 %   
31    Mincoin                   $ 873,685   $ 0.57   1,521,751 MNC   $ 5,615   -4.03 %   
32    MemoryCoin        $ 671,369   $ 0.26   2,580,115 MMC   $ 5,286   -10.05 %     
36    Datacoin                 $ 598,965   $ 0.33   1,805,919 DTC   $ 1,119   ?     
44    Deutsche eMark       $ 344,662   $ 0.10   3,356,750 DEM   $ 4,676   -23.42 %   
45    Philosopher Stones   $ 313,640   $ 0.19   1,624,849 PHS   $ 3,651   +27.73 %   
47    Catcoin               $ 247,095   $ 0.23   1,051,650 CAT   $ 6,375   -11.64 %   
51    Bytecoin              $ 209,783   $ 0.11   1,838,078 BTE   $ 984           -20.30 %   
52    BetaCoin              $ 178,702   $ 0.034   5,310,682 BET   $ 382           -15.96 %     
58    HoboNickels      $ 128,811   $ 0.051   2,513,147 HBN   $ 968            +2.93 %   
61    Orbitcoin              $ 100,507   $ 0.093   1,082,748 ORB   $ 170            -6.01 %   
65    Noirbits                $ 63,109   $ 0.03   2,099,560 NRB   $ 1,527   -3.98 %

So in the low range, it could be work 3 cents and at the high, possibly 50 cents.

Just a reminder,  this is not a new coin,  it was created back in June 2013. 

it looks like ztc made it on the exchange

Yap i added the coin as a comunity request, hopeffuly the devs did the same!
It doesent matter its now traded, lest see what the markett says on this one!

Zenith is old school, a real crypto, small amount of coins (42 million) and a plan to develop it further.

Hope it flies

Yup.... old school... they don't make them like they used to.

Now a days is like it takes 3 days to reach 100 million coins.   ZenithCoin took like 7 months of mining just to get 2.5 million coins.

Hi Carlos !

Which one of your personalities paid to get it listed ?

FC ?

solracx ??

Carlos ?

::)

how is this better than gridcoin?

ZenithCoin now listed for trading on CryptoRush.IN

https://www.cryptorush.in/index.php?p=trading&m=ZTC&b=BTC

I'm not familiar with gridcoin.  What is ticker,  where is it listed?

Folks, there are a lot of ZTC buyers on cryptorush.in

This is your big opportunity to cash out!

LOL,.,. what a nice graph they have for this failure-coin.
Thanks for making my day!

Yeah i noticed the buy orders side starting to fill up

best currency with a fund

I think we need another exchange with a little more volume

Now listed on www.coinmarketcap.com

We are still working on getting it on crypsty.

Also,  there are a lot of very interesting developments with this coin.

ZenithCoin (ZTC) will be undergoing a renovation.

The currency has been sold to a new owner who will be taking over the promotion and development of the coin.

Thank you for your past support.

good news

You can thank us, the miners, by refunding the 50% tax we have accumulated.

I will gladly PM the wallet's code or email you the emptied wallets, so you can confirm the balance.

In other words, you owe me approximately 43k ZTC.

Just like to mention that ZenithCoin is sponsoring the Texas Bitcoin Conference:

Here's the link to sponsors:

http://texasbitcoinconference.com/sponsors

ZenithCoin like Auroracoin have a 50% fund.

Maybe Giveaway coin from a fund for all like a Auroracoin?

The big difference between Auroracoin and ZenithCoin (Other both talking about the Sky) is that all coins with ZTC have been mined fairly.

But I understand the idea of re-distributing 50% of the coins to somewhere.  With ZTC we will be offering rewards for further development of the coin.   

Is this coin dead? Its been around so long and it has such a low cap...

What kind of road map does ZTC have? Or is it just another premine pump and dump?

Never been pumped... just hangs around at the bottom.  

However the new owner has really good plans for this!

"Zenith To the Moon!"

What are those plans? I have heard "plans" "strategy" "publicity" all to often lol

Be nice to know an exact plan with a time frame...
This would give investors something to go off.
Plus i can't see any block reward distribution over time.

This scam has been ongoing for the past year.

Nothing but empty promises and he/they take 50% of the coins you mine.

Really... I see they are sponsoring the Texas bitcoin conference... Is this just a ploy you think?

I'll believe that if/when I see it.

Please read his and FC's trust rating for more info.

https://bitcointalk.org/index.php?action=trust;u=127521

Like I said,  the currency was sold to a new owner.   They are at the Texas Bitcoin Conference and are sponsoring the event.   If you are at that event, look for 'Ed'. 

 I am not at liberty to reveal the plans.  All I can say is that it is very impressive.


Block distribution is constant at 24 coins per block until 42 million coins.  That is how it is set up.

I wouldn't trust that for reason to not trust them.
So many touchy emotional trolls on here.

I understand they are at the conference... But what have they got to offer new investors if they aren't giving plans or future potential developments?

Sounds strange to just go to a conference with a 25k coin with new owners.

If you can clear this up, i would appreciate it

Thanks

50% dev distribution has always been published as the spec. of the coin.

There are plenty of other coins like this,  DevCoin (95% goes to developers),  FreiCoin (90% goes to Foundation),  Nxt (100% no mining),  AuroraCoin (50% goes to Icelanders)....  that does not even cover pre-mined coins (NVC),  insta-mined coins (FeatherCoin) and super block coins (MinCoin).

You really have nothing to complain about here.
  

The fact that they are spending to be in the conference and have spent to be one of the sponsors should give you some indicator that there is money backing the promotion of this coin.

The coin was just sold recently, so you have to give the new owner some time to get their message across.

Most coins are built by some guy in a basement without any promotional budget.  ZenithCoin originally was the same (no promotional budget),  but now that it has been sold off to a group that has the money,  then expect something bigger in the future.

Hint:  Look at the current 25K price tag as an opportunity.

I don't know, the conference has been and gone, with 0 investors?

I mean maybe it will take a week or so... But 0 action?

Lot's of exploratory discussions going on.  The positioning of the coin will be changed entirely. 

We will see :p

So is zenith dead again? 0 activity from devs right after the conf?

Im out...

Confirmed dead?

Hard to say but its looking that way

ZenithCoin to be present at the NYC Crypto-Currency Convention.

http://www.cryptocurrencyconvention.com/

You signed in with the wrong account.. again. ;)

FC = NEX

solracx = ZTC

:P

Go to www.zenithcoin.com .... what does it say at the bottom of the page?

We are the original developer of the coin.  However, the coin now has been taken over by a new owner.