well this sure sounds interesting  Completely sound strategy too! |
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Wondering where the best place to buy mining shares (i.e. mining contract)?
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Awesome thanks guys. Yeah I checked thegenisisblock and was pretty sure I couldn't make the figures stack up. Good to have it confirmed though. I'll hold out for a bitfury instead then the Asicminer blades are a pretty good option too These are going for abuut $650 on eBay. Again... I also ran the numbers... you'll only get 50% of your money back if you mined today! |
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Any other plans for this coin besides mining?
Yes, there will be more incentive plans coming in the future. This is just the beginning. You've heard of the MCXNowFee? Well think along those lines. What is MCXNowFee? If you go to the mcxnow.com exchange, they have it being traded. Essentially, it is like a stock that gives dividends out based on the fees charged from the exchange. |
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We've run out of coins to giveaway!
Sorry... you'll have to mine the coins from now on.
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Any other plans for this coin besides mining?
Yes, there will be more incentive plans coming in the future. This is just the beginning. You've heard of the MCXNowFee? Well think along those lines. |
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Hey is this promotion still available?
if so I have downloaded the client and have a wallet.
Not at this time. |
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So we don't even need to give you the ZTC? Just hold it, and recieve BTC? Like POS type deal?
Yes, you hold the ZTC. It is like a bond. Holding it entitles you to a share of mining. Yes, like PoS, however you get BTC instead. |
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Now up to 0.43063003 (28.2K) difficulty! I'm out  Do the math... this is bargain basement pricing! On 42 KH/s, this is 2 blocks a day. Perhaps when I get a real rig... then we're talking Best of luck with that 42 KH/s |
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Now up to 0.43063003 (28.2K) difficulty! I'm out Do the math... this is bargain basement pricing! |
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Difficulty has increased by 10 fold since announcement 8 hours ago.
Best time to accumulate coins is when difficulty is low!
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Difficulty has increased by 10 fold since announcement 8 hours ago.
Best time to accumulate coins is when difficulty is low!
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Diff is at 0.20358554 - network hashrate about 5.8 MH/s! I've got 2 blocks (49782 and 49813) with 42 KH/s  Great! One of the few coins that is easy to mine. So not only do you gain value by acquiring the coin, you also get monthly dividend payments from mining shares! Can't beat this deal! I doubt any other alt-coin can beat this value proposition! |
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Difficulty moving up quickly.... get your shares while the difficulty is still low!
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We have acquired Bitcoin mining hardware of 1 TERA HASH ( 1,000 Giga Hash per second). This hardware is expected to go online sometime in January.
As incentive to mine ZenithCoin will will be distributing the proceeds of this mining operation to ZTC holders.
The distribution will begin when the hardware is online and will last 6 months. Distribution will be done at the end of every month.
At this time, there are 1,310,112 ZenithCoin (ZTC) that are outstanding. This increases over time at the rate of 24 coins every 2.5 minutes.
Here are some rough calculations as to how many BTC you shall receive per ZTC coin. These calculation will vary depending on difficulty at the time of mining.
The first month of January will be a partial month, so let us use a full month in February to make the calculations.
Assuming a difficulty of 300,000,000 for BTC in Feb. (current difficulty is 112,628,549 ).
A total of 1.67 BTC will be mined per day. For 28 days in February, that is 46.76 BTC.
Assume that there are 2 million ZTC by the end of February. The amount of BTC per ZTC that you will receive will be: 0.00002338 BTC. I have created a table so you can see how much you can make by holding ZTC:
1,000 ZTC - 0.02338 BTC or 2.9225 USD (at 125 USD / BTC )
10,000 ZTC - 0.2338 BTC or 29.225 USD
100,000 ZTC - 2.338 BTC or 292.25 USD
This is just for the month of February!!!
Owning ZTC gives you a share of the mining profits for the next 6 months!
Finally, a coin that pays yo back for holding it!!
More detailed rules will follow. If this program is successful, we can continue to add more hashing power as budget permits.
Note: There is no need to register - ZTC and BTC addresses are the same. All you need to do is export your ZTC address and import it into the BTC client. Only ZTC held at the end of every month will receive the BTC proceeds!
This promotion has been cancelled because the hardware manufacturer (Cointerra) is 2 month delayed in their shipment. Therefore making any mining 2 months from now highly unprofitable in terms of energy costs and equipment costs.
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Good marketing for ZTC if you are really going to issue BTC shares for ZTC holders. I can see network hashrate for ZTC ramping up...  -tb- Yes. A coin has to have value that goes beyond mere speculation. This way, ZTC is like a bond (or like mining shares). At this time the target is for 1,000 Tera Hash rate. Over time the hash rate will increase as the difficulty increases. |
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17v8DJ3NF8mjyWFm1iPn3CnbPzvs4cuH6i
Thanks
10 ZTC sent! |
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ZEyWMknhDSTPqPJEaJvFRvHPzVQoQcSt9X thanks Sorry, that's not a correct address. |
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get rsnel involved, although im sure there are people working in the freicoin irc channel who are building a new merged mining system which might work on LTC
Hey ahmed... seem to recall that you were working on some other merged mine coin. Whatever happened to that? |
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