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Question: ZEITCOIN
https://zeit-coin.net
https://zeit-knights.slack.com
https://t.me/zeit_coin

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Author Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION]  (Read 986999 times)
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Anonymousg64
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March 04, 2014, 06:18:57 AM
 #2421

I'm hoping to find someone knowledgeable to help me understand what causes the difficulty of a scrypt coin such as Zeit to rise or fall. Anyone out there that can educate me?

target block time = 30 seconds

network hashrate = difficulty * 2^32 / 30

so

difficulty = network hashrate * 30 / 2^32

11.7GH/s = 11700000000 hash/s

diff  = 11700000000 * 30 / 2^32 = 81.72


fluctuations in network hashrate lead to fluctuations in difficulty
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Anonymousg64
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March 04, 2014, 06:22:59 AM
 #2422

What will happen after coin will hit 1 coin per block reward?

the network hashrate will drop to the point of equilibrium between difficulty and value

this wont matter that much since you would need > 51% of coins and network hashrate to perform an attack, so the coin is secure even if network hashrate drops to 100MH/s



another thing is that wallets with coins that have 20 coin-age days will generate Proof-of-Stake blocks, this is targeted to increase supply by 25% the first year
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March 04, 2014, 06:27:27 AM
 #2423

I've been mining at zeit.imine.at for about an hour now and haven't seen any confirmed or uncomfirmed coins. Anyone else experiencing this? Is there a delay?

Mining at 2440khs.
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March 04, 2014, 06:28:50 AM
 #2424

I've been mining at zeit.imine.at for about an hour now and haven't seen any confirmed or uncomfirmed coins. Anyone else experiencing this? Is there a delay?

Mining at 2440khs.

i mine at http://zeit.dedicatedpool.com/

have not had any problems
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March 04, 2014, 06:30:48 AM
 #2425

I'm hoping to find someone knowledgeable to help me understand what causes the difficulty of a scrypt coin such as Zeit to rise or fall. Anyone out there that can educate me?

target block time = 30 seconds

network hashrate = difficulty * 2^32 / 30

so

difficulty = network hashrate * 30 / 2^32

11.7GH/s = 11700000000 hash/s

diff  = 11700000000 * 30 / 2^32 = 81.72


fluctuations in network hashrate lead to fluctuations in difficulty

Thank you for the explanation!
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March 04, 2014, 06:37:23 AM
 #2426

I've been mining at zeit.imine.at for about an hour now and haven't seen any confirmed or uncomfirmed coins. Anyone else experiencing this? Is there a delay?

Mining at 2440khs.

i mine at http://zeit.dedicatedpool.com/

have not had any problems

Switching now, thanks for the tip.
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March 04, 2014, 06:40:34 AM
 #2427

What will happen after coin will hit 1 coin per block reward?

the network hashrate will drop to the point of equilibrium between difficulty and value

this wont matter that much since you would need > 51% of coins and network hashrate to perform an attack, so the coin is secure even if network hashrate drops to 100MH/s



another thing is that wallets with coins that have 20 coin-age days will generate Proof-of-Stake blocks, this is targeted to increase supply by 25% the first year
Lost me there, can you give some examples on what will be with coins sitting in the wallet for 20+ days?
Jeezy911
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March 04, 2014, 06:43:46 AM
 #2428

Once the influx of super miner dumpers cant mine 5 million coins a day just to insta dump we should see a rise. If mintcoin is any indication, this should happen somewhere around week 3 or 4 as the Diff rises and the rewards lower. Remember, this is still week 1 and we have 6 blocks halves coming up.

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March 04, 2014, 06:56:32 AM
 #2429

Has you voted?

https://www.mintpal.com/voting
Anonymousg64
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March 04, 2014, 07:13:41 AM
 #2430

What will happen after coin will hit 1 coin per block reward?

the network hashrate will drop to the point of equilibrium between difficulty and value

this wont matter that much since you would need > 51% of coins and network hashrate to perform an attack, so the coin is secure even if network hashrate drops to 100MH/s



another thing is that wallets with coins that have 20 coin-age days will generate Proof-of-Stake blocks, this is targeted to increase supply by 25% the first year
Lost me there, can you give some examples on what will be with coins sitting in the wallet for 20+ days?

1 million ZEIT having sit for 20days would generate 13698.6 new coins, and the coin-age would be reset

25%/year is 0.0685%/day
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March 04, 2014, 07:16:00 AM
Last edit: March 04, 2014, 07:42:10 AM by UniMatrixZ
 #2431

who's mining zeit with what kinda kh and and what you making average a day? just wondering if i should swop pools cause iv been going since the start with 3000kh and I havnt broken the 1mill mark yet on hash.so.....this good progress or is it time to jump ship?

I'm mining at http://zeit.dedicatedpool.com/ at ~3.4Mh/s and getting ~540,000 ZEIT per day.
homey108
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March 04, 2014, 07:35:14 AM
 #2432

who's mining zeit with what kinda kh and and what you making average a day? just wondering if i should swop pools cause iv been going since the start with 3000kh and I havnt broken the 1mill mark yet on hash.so.....this good progress or is it time to jump ship?

I'm mining at http://zeit.dedicatedpool.com/ at ~3.4Mh/s and getting ~540.000 ZEIT per day.

That seems very low unless you don't know the difference between commas(,) and decimal points (.) 

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March 04, 2014, 07:42:45 AM
 #2433

who's mining zeit with what kinda kh and and what you making average a day? just wondering if i should swop pools cause iv been going since the start with 3000kh and I havnt broken the 1mill mark yet on hash.so.....this good progress or is it time to jump ship?

I'm mining at http://zeit.dedicatedpool.com/ at ~3.4Mh/s and getting ~540.000 ZEIT per day.

That seems very low unless you don't know the difference between commas(,) and decimal points (.) 



 Grin
I meant 540 000 ZEIT, corrected the post now
Kam800
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March 04, 2014, 08:21:35 AM
 #2434


This is a bit sneaky but you can take advantage of Mintpal's quick log-out time by voting three times while logged out and then six more times after you log back in.
Anonymousg64
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March 04, 2014, 08:27:53 AM
 #2435


This is a bit sneaky but you can take advantage of Mintpal's quick log-out time by voting three times while logged out and then six more times after you log back in.


that has not worked for me
YourMine.org
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March 04, 2014, 08:34:10 AM
 #2436



Yourmine ZEIT coin Pool Open! for Registration

JOIN HERE!


UniMatrixZ
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March 04, 2014, 08:36:00 AM
 #2437


This is a bit sneaky but you can take advantage of Mintpal's quick log-out time by voting three times while logged out and then six more times after you log back in.


Ahh, great gonna give it a try.
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March 04, 2014, 08:49:40 AM
 #2438

99 Billion coins?  This is going no where.

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March 04, 2014, 08:51:10 AM
 #2439

I have not yet recieved my coins LOL address is MXeF69WgnYrLYtvH7QMMJWjeDuZC486drJ
Name is goda_karan on twitter (following) and liked on fb
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March 04, 2014, 08:52:43 AM
 #2440

99 Billion coins?  This is going no where.

3 Buy Orders VS:

Sell Orders
BTC Rate   Amount of ZEIT   Total BTC
0.00000003    167,000.00000000    0.00501000
0.00000004    12,734,595.88934200    0.50938384
0.00000005    54,366,507.04731800    2.71832535
0.00000006    76,295,669.35820600    4.57774016
0.00000007    57,549,116.85967429    4.02843818
0.00000008    40,419,758.82184390    3.23358071
0.00000009    20,142,760.54123300    1.81284845
0.00000010    56,411,176.69107100    5.64111767
0.00000011    17,329,632.29231700    1.90625955
0.00000012    13,276,094.99785100    1.59313140
0.00000013    9,858,515.33004400    1.28160699
0.00000014    29,955,715.31986500    4.19380014
0.00000015    26,270,820.39652430    3.94062306
0.00000016    21,485,303.16094100    3.43764851
0.00000017    23,739,842.56509300    4.03577324
0.00000018    20,955,407.72429400    3.77197339
0.00000019    12,927,003.92509500    2.45613075
0.00000020    16,478,273.83213100    3.29565477
0.00000021    7,247,556.51979040    1.52198687
0.00000022    10,886,351.73556600    2.39499738
0.00000023    29,635,443.38454800    6.81615198
0.00000024    10,718,087.16890000    2.57234092
0.00000025    22,665,126.93028500    5.66628173
0.00000026    11,517,314.45476100    2.99450176
0.00000027    2,245,321.65805100    0.60623685
0.00000028    32,817,285.19333400    9.18883985
0.00000029    38,360,707.32929400    11.12460513
0.00000030    49,622,943.27514100    14.88688298
0.00000031    240,000.00000000    0.07440000
0.00000032    1,538,853.10501500    0.49243299
0.00000033    245,521.01984000    0.08102194
0.00000034    510,344.39061818    0.17351709
0.00000035    1,923,630.80426800    0.67327078
0.00000036    773,000.00000000    0.27828000
0.00000037    430,268.77483800    0.15919945
0.00000038    221,238.00513800    0.08407044
0.00000039    1,687,539.29420600    0.65814032
0.00000040    3,960,731.39555600    1.58429256
0.00000041    244,000.00000000    0.10004000
0.00000042    1,274,736.00000000    0.53538912
0.00000043    1,336,919.68229000    0.57487546
0.00000044    2,504,209.94591600    1.10185238
0.00000045    1,959,480.98201800    0.88176644
0.00000046    740,000.00000000    0.34040000
0.00000047    1,321,055.87196800    0.62089626
0.00000048    315,030.88037000    0.15121482
0.00000049    1,630,460.22910200    0.79892551
0.00000050    14,781,163.10319700    7.39058155
0.00000051    2,000,000.00000000    1.02000000
0.00000052    295,131.69436000    0.15346848
0.00000053    279,429.95825800    0.14809788
0.00000054    863,914.44617400    0.46651380
0.00000055    2,919,225.19189000    1.60557386





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