★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]

[BitcoinNational]

Zeit Min time is 20 days, your blocks no longer gain weight after 40 days.
Blocks with less than 2000 zeit may not stake in a year,
Blocks with 5000 zeit per block usually stake in 60 days
blocks with 50 thousand zeit per block or more will usually stake in 30 days.
=============

min. hold 20 days
max. hold 40 days

_{not seeing it in the OP}

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Also I am obliged some donation for the presstab explorer ... anyone recall the amount?
(sorry to lazy right now to sort where I said such).
http://www.presstab.pw/phpexplorer/ZEIT/index.php

[1714708089]

1714708089

[1714708089]

1714708089

[1714708089]

1714708089

[crunck]

Can someone tell me what the block rewards are through minting these, and also how many are needed to get a decent amount of stakes

Thanks

[Rent_a_Ray]

kindly ask for:
min. hold time for coins to mature
max. hold time

_{not seeing it in the OP}

-----
Also I am obliged some donation for the presstab explorer ... anyone recall the amount?
(sorry to lazy right now to sort where I said such).

----
What about Cryptsy, Bittrex & Co. ?

Doubt they will bother.  Maybe Cry if they fear it jeopardizes their fiat exchange.  But Rex is pure crypto so they can ignore any reg.
That just drives trade of Zeit overseas ... NZ topia

I think it is funny how Polo wants to be the leading 'Anon' exchange with monero and dash etc ... but is requiring full KYC/AML measures.

Thanx,

min. hold time 20 days.

Cheers

[maokoto]

How much (a rough estimate) will take for the wallet to sync?

[Rent_a_Ray]

Can someone tell me what the block rewards are through minting these, and also how many are needed to get a decent amount of stakes

Thanks

yearly interest rate is currently at 20%.
It doesn't matter how many coins you have. There is no luck-rate like POW has.

Cheers,
Ray

[Rent_a_Ray]

How much (a rough estimate) will take for the wallet to sync?

I would say between 2-4 days with some client restarts. Chain is a beast... but I am working on it.
If you trust in us, download the bootstrap or a snapshot.
Bootstrap 12-20 hours, snapshot 1-4 hours.

Cheers

[kiklo]

FYI: Exchange News
Poloniex will no longer be allowed to provide services to residents of the State of New York starting on August 8th, 2015. If you are a resident of New York, please take appropriate measures to withdraw your funds by this date. For more information or for further assistance, contact us.
Posted by busoni@poloniex on 2015-08-02 01:09:31

What about Cryptsy, Bittrex & Co. ?

No mention of NY , from any other US exchange at the moment.

 

[kiklo]

How much (a rough estimate) will take for the wallet to sync?

Snapshot is the fastest. Download links below.
https://bitcointalk.org/index.php?topic=487814.msg11769193#msg11769193

 

[Ensaniyat]

when zeitcoin grow up to 1 zeitcoin=0.5$ or 1$ ?
or
This can be done or not?
and if this can be done in one day...When?

[kiklo]

when zeitcoin grow up to 1 zeitcoin=0.5$ or 1$ ?
or
This can be done or not?
and if this can be done in one day...When?

Yes it will happen in Time.
As far as a Day, Thursday.  

As far as which Year, that is up to speculation.

 


FYI:
Considering people used to pay up to a $1000 for BTC and over $30 for a litecoin.
$1 per Zeit is not really that big a stretch,
reasons being
Zeit is faster than Lightning for transactions, leaving BTC & LTC in the Dust.
All Money invested in Zeit to mint more, goes directly into the price of zeitcoin.
Where in POW coins that money flows to equipment makers and not back into the coin itself.
There is a limited amount of zeit available to be used for minting as commerce increases use of Zeit.
Plus even when we drop to the yearly 5% rate, we will be a direct competitor to dividend stocks for investment that only pay ~5% per year on a quarterly basis.  

[BitcoinNational]

How much (a rough estimate) will take for the wallet to sync?

I would say between 2-4 days with some client restarts. Chain is a beast... but I am working on it.
If you trust in us, download the bootstrap or a snapshot.
Bootstrap 12-20 hours, snapshot 1-4 hours.

Cheers

Just did it.  Ray's estimate is spot on.

The sync looked like 4-5days.  I canceled that process and went bootstrap ... just under 24hrs.

Note the snapshot download is a bugger ... took 4 attempts to get it to download right.
The bootstrap will hang (loading index stuff) for a very very long time, but it is still best route.

[uki]

Not sure if we already talked about it, but ZEIT's status at coinwarz.com (http://www.coinwarz.com/cryptocurrency/coins/zeitcoin) is: "Warning: Zeitcoin is no longer being monitored as of 6/25/2014." Plus they have old coin logo. It may be worth to have it up-to-date.

[kiklo]

Not sure if we already talked about it, but ZEIT's status at coinwarz.com (http://www.coinwarz.com/cryptocurrency/coins/zeitcoin) is: "Warning: Zeitcoin is no longer being monitored as of 6/25/2014." Plus they have old coin logo. It may be worth to have it up-to-date.

Submitted a request to their support to monitor Zeit again.

 

[Rent_a_Ray]

Not sure if we already talked about it, but ZEIT's status at coinwarz.com (http://www.coinwarz.com/cryptocurrency/coins/zeitcoin) is: "Warning: Zeitcoin is no longer being monitored as of 6/25/2014." Plus they have old coin logo. It may be worth to have it up-to-date.

Zeitcoin was hybrid - now we are fully POS.
It makes no sense to be listed at coinwarz. It's confusing still seeing ZEIT on a mining profitability site

Cheers

[Furio]

when zeitcoin grow up to 1 zeitcoin=0.5$ or 1$ ?
or
This can be done or not?
and if this can be done in one day...When?

Yes it will happen in Time.
As far as a Day, Thursday.  

As far as which Year, that is up to speculation.

 


FYI:
Considering people used to pay up to a $1000 for BTC and over $30 for a litecoin.
$1 per Zeit is not really that big a stretch,
reasons being
Zeit is faster than Lightning for transactions, leaving BTC & LTC in the Dust.
All Money invested in Zeit to mint more, goes directly into the price of zeitcoin.
Where in POW coins that money flows to equipment makers and not back into the coin itself.
There is a limited amount of zeit available to be used for minting as commerce increases use of Zeit.
Plus even when we drop to the yearly 5% rate, we will be a direct competitor to dividend stocks for investment that only pay ~5% per year on a quarterly basis.  

Yeah but how effectively would Zeit be with a spam attack that bitcoin is enduring, not sure if Zeit will manage, eventhough I'm a big holder and staker

[Ensaniyat]

i exchanged last minets more than 2/000/000 zeitcoin ...
its mean i buy with my btc ...2/000/000 zeitcoin..
now my balanc zeitcoin is: 2/717/075 ZEIT 
and i want buy one more 1/000/000 zeitcoin..
i exchanged that in : https://www.southxchange.com

after my exchange zeitcoin grow up 63% in http://coinmarketcap.com/

its very funny and profitable i think 

We Are very Hopeful For>>> Zeitcoin=1 USD .

[Rent_a_Ray]

Yeah but how effectively would Zeit be with a spam attack that bitcoin is enduring, not sure if Zeit will manage, eventhough I'm a big holder and staker

Zeitcoin would manage it like bitcoin - just with a faster block time.
On the other hand: generating spam (spam=transactions) on the zeitcoin network is cheaper.

Cheers

[kiklo]

Yeah but how effectively would Zeit be with a spam attack that bitcoin is enduring, not sure if Zeit will manage, eventhough I'm a big holder and staker

Very Effective, IMO .  
Problem is BTC is sooo Slow, that why they need larger blocks sizes to hold the extra transactions.
Zeit Speed is it's Strength, say like BTC we average a max of 2400 transactions per block.

That 50000 spam backlog at btc
BTC has a 10 minute block time.
Zeit has a 30 second block time.
50000spam/2400transactions per block=20.83 blocks
BTC => 20.83 blocks*10 min  = 208.3 minutes or  3.47 hours
Zeit => 20.83 blocks *30 sec = 624.9 seconds or 10.416 Minutes

So you can see Zeit can accomplish in ~10 minutes what it currently takes BTC almost 3½ hours.
Not worried in the least about a spam attack, Zeit Speed can more than handle it.
Zeit is the Future, as time will prove.

 

[lxxtikk]

Zeitcoin is the BEST!!! 

[Ensaniyat]

Yeah but how effectively would Zeit be with a spam attack that bitcoin is enduring, not sure if Zeit will manage, eventhough I'm a big holder and staker

Very Effective, IMO .  
Problem is BTC is sooo Slow, that why they need larger blocks sizes to hold the extra transactions.
Zeit Speed is it's Strength, say like BTC we average a max of 2400 transactions per block.

That 50000 spam backlog at btc
BTC has a 10 minute block time.
Zeit has a 30 second block time.
50000spam/2400transactions per block=20.83 blocks
BTC => 20.83 blocks*10 min  = 208.3 minutes or  3.47 hours
Zeit => 20.83 blocks *30 sec = 624.9 seconds or 10.416 Minutes

So you can see Zeit can accomplish in ~10 minutes what it currently takes BTC almost 3½ hours.
Not worried in the least about a spam attack, Zeit Speed can more than handle it.
Zeit is the Future, as time will prove.

 

your  introduction was nice...Thanx