The hashrate is collapsing. Like with most other clone-coins the "devs" werent even capable of correcting the known problems like that problem we are seeing now. At least some of the other shitcoins are offering a diff retarget every block.

Lets see what happens, but its very likely that a fork is needed.

Offer still stands

Is there something wrong with payments too? I've withdrawn 258.556 PXC ten minutes ago and there's no trace of the coins.

EDIT: 15 min now.

THANKS!They are back .

I think hashrate will drop a lot now unless the price go up by 2-3 times.

If the hashrate drop to much, we will mine against a too hard difficulty and it will take a lot of time to mine the 2400 block to the next diff

Go on then, I'll add it to Crypto Blackjack if someone is willing to donate some coins to the house so people can actually play with them.

The whole concept of a coin that gives 50% to the developer and even has the gaul to offer a 3 day premine to a select few sickens me, so anything I can do to legitimise the original blockchain over the official version relaunch is a good thing.

I'll compile the daemon from source and have it up in about 30 minutes.

Tentative Invitation List

Steve R. -  800 KH/s, 1300 KH/s if my 8-pin adapter gets in by then.
Agent S -   Windows 7.  (Please provide hash rate)
Tech B - Windows 7
Leonardo F - (Please provide platform info )
Hugh P - (Please provide platform info )
Fred F - Windows  (Please provide hash rate)
Clint D - Linux 3000 KH/s
Mike C - Windows (Please provide hash rate)
张谊 - Various
noel - (Please provide platform info )
mazaguy - Windows
bizz - Windows / Ubuntu
J.K - 5000 KH/s
Kent A

I just realized one omission.  Please let me know location.  I need to set up appropriate seed nodes around the world.

Information will be sent via the communication channel you used to register.

counterfeit.

suspect binaries.

caveat emptor.   dude is trying to sell you test coins.  

well, well,  no bad, I will wait the opinion of old anciants council

Pump?

2 days and we will know it 

Which is why you're getting only 100k of those while sitting on 500k of the other crapcoins ? 

I'm tellin you, it actually had a good release, I think a lot of people are holding onto this one to see where it goes

What coins influence the design of ZenithCoin?

ZenithCoin is similar to Devcoin and Freicoin, however the percentage distributions are different.    The Proof of Work scheme comes from Litecoin.

Why is the 50% fixed distribution necessary?

The primary deficiency of many crypto-currencies in the market is the lack of long term stewardship of the coin.   The only incentive for developers is to pre-mine a coin (or cheat in the initial mining process) and to collect profits on the sale of the coin.   All profits are short term and typically the coin is pumped and dumped in an exchange.  There is no incentive to maintain and enhance the coin in the the long term.

THee most profitable strategy for miners is to mine a coin that has long term prospect to appreciate in value over time.  This is what most profitability calculation do not take into account.  The only way this appreciation can happen is that the developers extend considerable effort to ensure the coin has the best features and services.

Consider for a moment existing alt-coins. What guarantees have you heard from the original developers that say they will make long term improvements on the coin?

Will 50% of the mined coins be allocated only for Development purposes?

No.  The primary allocation will be devoted to Market Maker operations.   The percentage devoted for development will vary over time, however long term we expect it to get to equilibrium at 10% of the total allocation.

How is ZenithCoin similar to a Corporate Equity?

The 50% fixed distribution of coins as a result of mining operations can be thought of as similar to a corporate equity.   That is investors purchase and own equity (i.e. stocks) long term with the expectation that over time the worth of the equity appreciates in value as a result of the efforts of the corporation that issued that equity share.

How is ZenithCoin different from a Corporate Equity?

The difference with a equity is that the developers are unable to arbitrary issue more equity through equity offerings.  All coins need the participation of miners to create.