Bitcoin Forum

Zenithcoin was developed in June 2013 with a total supply cap of 42 million.

Features

Proof of Work

ZenithCoin uses Scrypt as its proof of work. This will be initially be derived directly from Litecoin’s proof of work to provide compatibility to allow the thousands of miners to painlessly migrate to the new coin. The advantage of using Scrypt as opposed to the Proof of Work algorithm employed by BitCoin is that it allows a much wider and fairer participation on the mining of coins. GPU hardware is widely available of the shelf and there is no exclusive pricing to acquire them.

Premines and Genesis Block

A new genesis block will be created that is unique for this coin. This is essential to ensure the security of this coin’s block chain. There will be no-premining performed on release of the coin. Furthermore, the difficulty will be set appropriately so that early adopters are unable to mine coins with next to zero difficulty.

Fast Transactions

A new ZenithCoin block is created every 2.5 minutes. That is the same as Litecoin and 4 times more frequent than Bitcoin. This is to be interpreted that there is 1 confirmation every 2.5 minutes. The standard today for confirmation prior to transfer is 6 confirmation, so on average it will take 15 minutes to completely transfer coins.

Difficulty Retarget

The difficulty retarget block is every 9 blocks using a Finite Impulse Response (FIR) filter.

Coin Generation Subsidy

With ZenithCoin 24 coins are created per block. Due to the faster block rate, 96 coins are created every 10 minutes. The total number of coins is targeted to be 42 million coins. This is twice that of Bitcoin. The coin subsidy rate will be halved every 420,000 blocks.

Miners are subsidized with 12 coins per block. Due to the faster block rate, 48 coins can be generated every 10 minutes. This is very similar to BitCoin’s initial block rate of 50 coins per 10 minutes. Another 12 coins per block will allocated to subsidize the ongoing maintenance and development of ZenithCoin.


So lets trade ZTC. Current rate is 0.0050000/BTC

Official thread  - https://bitcointalk.org/index.php?topic=219644.0

+1

It can't mine it on my shitty laptop, but diff is only 0.07

that's up from 0.025 a few days ago - so it is getting mined again

I have 5,000 which I'm willing to sell at a reasonable price

offers

http://www.zenithcoin.com/

If the dev arranges a pool I think something good can come of this

I have 10,000 Zenithcoin to sell please pst with offer

also please join up here https://bitcointalk.org/index.php?topic=418004.msg4568817#msg4568817 who doesnt like free btc

600 ZTC for 0.06 BTC

I can do that order.

137bUeckPqc2f2sfg9g63issLqDUUFK8vi


Post 0.06 and leave your BTC addresss

All my feedback on these deals is good

anyone else interested, just PM me

Will sell 400 now. My BTC address is 154JwfEev5eypjqG9mrXYV8i5REKwR6Vh9

Send me the coins and I will send you the BTC.

confusion - I thought you were buying Zenith at 600 for 0.06 BTC

So I was selling zenith to you at that price

So you're selling zenith?

Ya...I sud have posted WTS, my mistake

that's okay, I cottoned on pretty slowly  :P

400 sold @ 0.045

more available

PM me  :)

Folks,

We still need to push to get this on Cryptsy.

I can set up a bounty fund.

I just need someone trust worthy to send to so it can be administered.

Any volunteers?

I would volunteer

Post back your ZTC address,  I will send you funds.

I can only say that the 3 deals I have had with you have all been very good.

So I would recommend you on that basis, and on the basis that I know you want zenith to go go all the way.

PM me your ZTC address so I don't forget.

I will post it here so that everyone can see 18Gcb9fsrktzp5n4iiEwBehx5ETc3pufVE

Thanks mate and likewise

I sent you 2,000 ZTC to your address:

18Gcb9fsrktzp5n4iiEwBehx5ETc3pufVE

One idea is to have people change their signature to promote zenithcoin.

Of course there is the regular giveway.

Let me know when your run out of funds.

http://explore.zenithcoin.com/address/18Gcb9fsrktzp5n4iiEwBehx5ETc3pufVE

Besides we can get the coin ilisted at crycurex.com if we can people to cast votes.

I have 20 or 30K anyone want to buy pm me with offers

ZTC will be in an exchange very soon.  You can sell it there when it comes.

What exchange? Also I keep getting a error trying to compile the wallet why?

What environment?  What kind of error?

I still have some im willing to sell if anyone wants in before the exchange

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

Go to You have ZTC to sell?

Sell it now in the exchange:  https://www.cryptorush.in/