[ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency

[solracx]

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.

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.

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.

[eagleEye]

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

[MaGNeT]

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

12:03:28

{
"version" : 70200,
"protocolversion" : 60002,
"walletversion" : 60000,
"balance" : "10.00000000",
"blocks" : 7374,
"connections" : 4,
"proxy" : "",
"difficulty" : 0.00390625,
"testnet" : false,
"keypoololdest" : 1370422309,
"keypoolsize" : 101,
"paytxfee" : "0.00100000",
"errors" : ""
}

[eagleEye]

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

[MaGNeT]

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" : ""
}

[eagleEye]

"difficulty" : 0.01562500

and increasing

[eagleEye]

"difficulty" : 0.01562500

and increasing

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.

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

[eagleEye]

So since you posted windows-qt you're saying you actually mined the genesis block? So you're the 'zenithcoin' author and not solracs???

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

This launch is getting worse and worse 

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 .

[dellstreakone]

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

[eagleEye]

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

[eagleEye]

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 .

If thats true that this is a valid final blockchain (which I don't think it is) then solracx will have to explain "coordinated mining launch" from first post:

Launch Date June 1, 2013

http://www.zenithcoin.com

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

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:2750/ ).   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.

Next step:  Will be setting up 3 permanent network nodes prior to commencement of mining.   A new genesis block will be created for these nodes.

MINING

We will announce a coordinated mining launch in the future.  

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.

[bizz]

What is there to misunderstand???

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 .

If thats true that this is a valid final blockchain (which I don't think it is) then solracx will have to explain "coordinated mining launch" from first post:

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:2750/ ).   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.

Next step:  Will be setting up 3 permanent network nodes prior to commencement of mining.  A new genesis block will be created for these nodes.

MINING

We will announce a coordinated mining launch in the future.   

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.

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.

Current github shows genesis block from 4 days ago:

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

[eagleEye]

What is there to misunderstand???

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 .

If thats true that this is a valid final blockchain (which I don't think it is) then solracx will have to explain "coordinated mining launch" from first post:

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:2750/ ).   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.

Next step:  Will be setting up 3 permanent network nodes prior to commencement of mining.   A new genesis block will be created for these nodes.

MINING

We will announce a coordinated mining launch in the future.  

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.

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.

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  ?

[eagleEye]

Particural terminology eh?

solracs quote:

but we'll recreate the genesis block on the official mining launch  so you will will lose these test coins

so you will will lose these test coins

so you will will lose these test coins

so you will will lose these test coins


I could be wrong though, english is not my native language  

Coins are in blockchain  ...

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

[eagleEye]

Launch Date June 1, 2013

http://www.zenithcoin.com

...

I think it is clear ..

[bizz]

Launch Date June 1, 2013

http://www.zenithcoin.com

...

I think it is clear ..

it's clear when you cut that post like that

[solracx]

Particural terminology eh?

solracs quote:

but we'll recreate the genesis block on the official mining launch  so you will will lose these test coins

so you will will lose these test coins

so you will will lose these test coins

so you will will lose these test coins


I could be wrong though, english is not my native language  

Coins are in blockchain  ...

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

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.

[m3ta]

Launch Date June 1, 2013

6/2/2013 11:56 AM Please do not mine yet until we have this setup.

"clear"? No, not at all.

[eagleEye]

Launch Date June 1, 2013

http://www.zenithcoin.com

...

I think it is clear ..

it's clear when you cut that post like that

?¿?¿ 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,

[eagleEye]

Launch Date June 1, 2013

6/2/2013 11:56 AM Please do not mine yet until we have this setup.

"clear"? No, not at all.

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