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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] [MICRO-PAYMENTS]  (Read 1004088 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (3 posts by 3 users deleted.)
Anonymousg64
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March 04, 2014, 07:13:41 AM
 #2421

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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UniMatrixZ
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March 04, 2014, 07:16:00 AM
Last edit: March 04, 2014, 07:42:10 AM by UniMatrixZ
 #2422

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
 #2423

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
 #2424

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
 #2425


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
 #2426


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
 #2427



Yourmine ZEIT coin Pool Open! for Registration

JOIN HERE!


UniMatrixZ
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March 04, 2014, 08:36:00 AM
 #2428


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.
username here
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March 04, 2014, 08:49:40 AM
 #2429

99 Billion coins?  This is going no where.

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March 04, 2014, 08:51:10 AM
 #2430

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
 #2431

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





G K G
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March 04, 2014, 08:55:52 AM
 #2432


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.

it didn't work

Jeezy911
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March 04, 2014, 09:07:31 AM
 #2433

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






might want to look at the history of pow/pos hybrids. Give it 2 weeks, most of those are miner dumps. It gets really hard to mine dump when you cant mine Tongue

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March 04, 2014, 09:17:28 AM
 #2434

Coin seems to be interesting .
Would be nice, if someone donate some coins WinkWink

MopZYVBSfYNmUmMcTrT8k6D5DbrKM7hgLb

Thank you ! Smiley

My answer was helpful? Feel free to donate! BTC: 1DBNyEYuUDQ9g3UYfdVcJdFuhAh1knrept , EAC: ehdBTPGhM18zpcXfRB7SX5oDiLqBMNKirE , Dodge: D5sYaMsoAUSPuc62Jj6Qa5Bd82CUAuJL8F , ZEIT: MopZYVBSfYNmUmMcTrT8k6D5DbrKM7hgLb
Refferal Link: https://www.cryptsy.com/users/register?refid=107619
Cryptsy Tradekey: ff6af7ec7599979337e26d48e8fd0eaad3327d94
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March 04, 2014, 09:21:25 AM
 #2435

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
Is it like an interest rate of holding them in the wallet? Never heard of it.
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March 04, 2014, 09:24:22 AM
 #2436

its called Proof-of-Stake, a way to protect the network without needing ever increasing amounts of hashrate.
the interest rate is really just a target, your creating blocks with PoS and for that you are rewarded.


allot of people must believe this will go somewhere, its not profitable enough at the moment to warrant 11Gh/s with dump as you mine
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March 04, 2014, 09:28:55 AM
 #2437

Do I have to keep wallet running for POS to work?

Atm I have it encrypted and the wallet NOT running. If I were to come back to it in 20 days & use walletpassphrase to unlock would the POS still work??
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March 04, 2014, 09:33:53 AM
 #2438

OSX Mavericks Update
Please check crashlog, please check commandline (if you know how) and please decompress only with integrated apple decompressor.

https://mega.co.nz/#!RttCGTqZ!V36zNOiRe2EO9WeHAIrhG7zbdaVIiZ5Q3mf95Rr_R9k


Greets,
Ray
Anonymousg64
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March 04, 2014, 09:34:18 AM
 #2439

Do I have to keep wallet running for POS to work?

Atm I have it encrypted and the wallet NOT running. If I were to come back to it in 20 days & use walletpassphrase to unlock would the POS still work??

yes, as long as you run your wallet unlocked at some point after accumulating 20 coin-days you will generate a PoS block, this will make your balance unavailable until that block is confirmed, 30 minutes i believe.
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March 04, 2014, 09:38:07 AM
 #2440

Do I have to keep wallet running for POS to work?

Atm I have it encrypted and the wallet NOT running. If I were to come back to it in 20 days & use walletpassphrase to unlock would the POS still work??

yes, as long as you run your wallet unlocked at some point after accumulating 20 coin-days you will generate a PoS block, this will make your balance unavailable until that block is confirmed, 30 minutes i believe.

How can i unlock my wallet? (windows wallet)
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