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

[redouane-moonen]

that guy who has the most coins should be selling it for something like 1 dollar. or more so the others can fix this low value coin. it will rise and then he can do what he wants.

[1715419106]

1715419106

[1715419106]

1715419106

[1715419106]

1715419106

[1715419106]

1715419106

[1715419106]

1715419106

[FWBlack2]

the site should be back up - we just transfered the domain to a new webserver..
good work 

Nope... still redirects to BitCoinTalk

[Altcner]

And rising and rising! I still find myself wondering how exactly is so much volume getting traded on CoinExchange when the Zeit wallet is still in maintenance mode

[edgnr]

The price will be good then when the coin will cost at least 100 satoshi I hope this will happen. Developers will come up with something to make the coin reach this level.
-----

very cheap after that coin will rise u will cry remember how cheap they was.....

I don`t think it`s gonna reach 100 satoshis, at least not this year.

[Nateboy]

that guy who has the most coins should be selling it for something like 1 dollar. or more so the others can fix this low value coin. it will rise and then he can do what he wants.

The old dev kept 10 billion of this coin which he keeps selling! Stay at ur own risk. He has to sell the 10 billion before price will be stable on this coin. He sells each time it goes up a step. Be warned

[edgnr]

can someone explain to me how do I mint this coin? Do I need to unlock the wallet and then what? does it need the wallet to be full sync? and how long does it take to show some zeits?

[KikloV]

can someone explain to me how do I mint this coin? Do I need to unlock the wallet and then what? does it need the wallet to be full sync? and how long does it take to show some zeits?

1st.  Sync your wallet.

2nd. After the wallet is fully synced , Unlock the wallet.

* Blocks only start staking after they are over 24 hours old, after that the # of coins per block and the age compete with other blocks, the most coins with the oldest age will stake. Once a Block Stakes, its age returns to zero.


 

[KikloV]

Looks like Nova Exchange is getting closer to coming back online.

https://novaexchange.com/news/

2018-01-14 14:23 - Nova will NOT close its doors!
Honoured customers and crypto currency enthusiasts! You have been told a while ago now that we were planning to close down Nova Exchange in the beginning of 2018. We made this tough decision because Nova Exchange was growing at a speed, and in a way, that us, the founders, could not keep up with and run the business in a meaningful and secure way. Not wanting to make promises we might not be able to keep, we didn’t tell anyone, not anyone, that we never stopped looking for a way to keep going and keep Nova Exchange in business. So! We are so happy to announce that we have found a partner, a new main shareholder, willing and more importantly, able to carry on running Nova Exchange. The new owners, we have made sure, have the resources and the experience (6+ years in the business) it takes to provide excellent service to you all. We started negotiations and talks early in November last year, and now we can tell you the good news: The show will go on! More information will follow. In the meantime, just go keep on trading crypto. Best Wishes to you all!

 

[rhadamanthes]

Looks like Nova Exchange is getting closer to coming back online.

https://novaexchange.com/news/

2018-01-14 14:23 - Nova will NOT close its doors!
Honoured customers and crypto currency enthusiasts! You have been told a while ago now that we were planning to close down Nova Exchange in the beginning of 2018. We made this tough decision because Nova Exchange was growing at a speed, and in a way, that us, the founders, could not keep up with and run the business in a meaningful and secure way. Not wanting to make promises we might not be able to keep, we didn’t tell anyone, not anyone, that we never stopped looking for a way to keep going and keep Nova Exchange in business. So! We are so happy to announce that we have found a partner, a new main shareholder, willing and more importantly, able to carry on running Nova Exchange. The new owners, we have made sure, have the resources and the experience (6+ years in the business) it takes to provide excellent service to you all. We started negotiations and talks early in November last year, and now we can tell you the good news: The show will go on! More information will follow. In the meantime, just go keep on trading crypto. Best Wishes to you all!

 

Sounds excellent !

[Qan]

can someone explain to me how do I mint this coin? Do I need to unlock the wallet and then what? does it need the wallet to be full sync? and how long does it take to show some zeits?

1st.  Sync your wallet.

2nd. After the wallet is fully synced , Unlock the wallet.

* Blocks only start staking after they are over 24 hours old, after that the # of coins per block and the age compete with other blocks, the most coins with the oldest age will stake. Once a Block Stakes, its age returns to zero.


 

How do nodes compete for transaction fees and how are they rewarded ?

[rhadamanthes]

that guy who has the most coins should be selling it for something like 1 dollar. or more so the others can fix this low value coin. it will rise and then he can do what he wants.

The old dev kept 10 billion of this coin which he keeps selling! Stay at ur own risk. He has to sell the 10 billion before price will be stable on this coin. He sells each time it goes up a step. Be warned

Of course you are there since the very beginning to be able to say this...

[groggin]

can someone explain to me how do I mint this coin? Do I need to unlock the wallet and then what? does it need the wallet to be full sync? and how long does it take to show some zeits?

1st.  Sync your wallet.

2nd. After the wallet is fully synced , Unlock the wallet.

* Blocks only start staking after they are over 24 hours old, after that the # of coins per block and the age compete with other blocks, the most coins with the oldest age will stake. Once a Block Stakes, its age returns to zero.


 

How do nodes compete for transaction fees and how are they rewarded ?

          i highlighted the ansa in red    

         tx fees go to the miner (staker)

[KikloV]

can someone explain to me how do I mint this coin? Do I need to unlock the wallet and then what? does it need the wallet to be full sync? and how long does it take to show some zeits?

1st.  Sync your wallet.

2nd. After the wallet is fully synced , Unlock the wallet.

* Blocks only start staking after they are over 24 hours old, after that the # of coins per block and the age compete with other blocks, the most coins with the oldest age will stake. Once a Block Stakes, its age returns to zero.


 

How do nodes compete for transaction fees and how are they rewarded ?

groggin gave the short answer,  

This is the long winded version.
Proof of Stake explained: http://earlz.net/view/2017/03/24/1901/proof-of-stake-mining-how-it-actually-works

At the moment, our nodes are only competing to stake (earn interest), the transaction fees are currently being destroyed.
We only found out after the ULI switch , that peercoin code which ZEIT owes some of it origin, destroys all transaction fees as an inflation offset.
I was talking with Poll4all to write the additional code, so Ray could import it into the github in a few months.
Poll4all for whatever reasons has become unreliable, so I have to find another programmer to write the update before Ray can import it into the Github and test it.

Hmm, Rambled there a bit,
Back to your question:
Nodes only compete to Stake, when they Win the right to stake , All Transaction in the Mempool when a block stakes is included with that block.
Example: https://chainz.cryptoid.info/zeit/block.dws?4291370.htm
This fee amount (Destroyed   -0.162974 ZEIT) will instead be added to your staked amount as a reward , once we get the new code programed and updated.
As you notice only 1 transaction is included in that 1 block besides the staked amount.
The more transactions included the more fees that can be earned, so the transaction fees can earn you more than the stake.

Bitcoin Can perform ~7 transactions per second.
ZEIT Can Perform ~140 Transactions per second.

Bitcoin has a variable fee system, so the rich can jump in front of the poor.
ZEIT has a fixed fee system, and all transactions are processed in the order they are created. (Fair Design for everyone).

When you send out coins from your wallet, this transaction enters the mempool, when 1 of the wallets stake, all transactions in the mempool are included with that staked block, that when you receive 1 Confirmation.


 

FYI:
On Average, we have less than 100 transactions per day , at the moment, so we have time to update the transaction fee code, before the fees become so high,  that they could start decreasing our total # of coins.

[Qan]

can someone explain to me how do I mint this coin? Do I need to unlock the wallet and then what? does it need the wallet to be full sync? and how long does it take to show some zeits?

1st.  Sync your wallet.

2nd. After the wallet is fully synced , Unlock the wallet.

* Blocks only start staking after they are over 24 hours old, after that the # of coins per block and the age compete with other blocks, the most coins with the oldest age will stake. Once a Block Stakes, its age returns to zero.


 

How do nodes compete for transaction fees and how are they rewarded ?

Proof of Stake explained: http://earlz.net/view/2017/03/24/1901/proof-of-stake-mining-how-it-actually-works

At the moment, our nodes are only competing to stake (earn interest), the transaction fees are currently being destroyed.
We only found out after the ULI switch , that peercoin code which ZEIT owes some of it origin, destroys all transaction fees as an inflation offset.
I was talking with Poll4all to write the additional code, so Ray could import it into the github in a few months.
Poll4all for whatever reasons has become unreliable, so I have to find another programmer to write the update before Ray can import it into the Github and test it.

Hmm, Rambled there a bit,
Back to your question:
Nodes only compete to Stake, when they Win the right to stake , All Transaction in the Mempool when a block stakes is included with that block.
Example: https://chainz.cryptoid.info/zeit/block.dws?4291370.htm
This fee amount (Destroyed   -0.162974 ZEIT) will instead be added to your staked amount as a reward , once we get the new code programed and updated.
As you notice only 1 transaction is included in that 1 block besides the staked amount.
The more transactions included the more fees that can be earned, so the transaction fees can earn you more than the stake.

Bitcoin Can perform ~7 transactions per second.
ZEIT Can Perform ~140 Transactions per second.

Bitcoin has a variable fee system, so the rich can jump in front of the poor.
ZEIT has a fixed fee system, and all transactions are processed in the order they are created. (Fair Design for everyone).

When you send out coins from your wallet, this transaction enters the mempool, when 1 of the wallets stake, all transactions in the mempool are included with that staked block, that when you receive 1 Confirmation.



 

That is awesome. This change could perhaps be added to the coins roadmap that people keep asking about and let's call it something.

[Qan]

Never knew Zeitcoin is a peercoin fork. Peer coin has a 176 million dollar market cap at the moment.

[KikloV]

Never knew Zeitcoin is a peercoin fork. Peer coin has a 176 million dollar market cap at the moment.

The Majority of all Coins with a Proof of Stake code, are based on peercoin code.
Sunny King Peercoin's Dev was the 1st to invent Proof of Stake consensus.

That is awesome. This change could perhaps be added to the coins roadmap that people keep asking about and let's call it something.

Well, I guess you could call it Processing Transactions Rewards HardFork.  
Goal would be to have it set to start by 2019.


 

[Qan]

Never knew Zeitcoin is a peercoin fork. Peer coin has a 176 million dollar market cap at the moment.

The Majority of all Coins with a Proof of Stake code, are based on peercoin code.
Sunny King Peercoin's Dev was the 1st to invent Proof of Stake consensus.

That is awesome. This change could perhaps be added to the coins roadmap that people keep asking about and let's call it something.

Well, I guess you could call it Adding Transaction Fees to Staked Interest HardFork.   
 

 

Yeah or may be implementing Transact v1.2 LOL.

[macayub]

price of zeit on SouthXchange (ZEIT/USD) is $ 0.000100. WTF?

That's VERY VERY cheap and should accumulate more ZEIT at this price.

ZEIT is positioned to grow and  this pattern is typical of all crypto currencies with  the price less than 1000 satoshies but no one can tell you when the market of  a  particular coin is going to explode.

That is just the fact nobody knows tomorrow. Zeit still manage to stand out!

[Vrajitoru]

new server = short time
new exchange = short time nova and cryptopia and maybe more
website soon =   that coin will grow 99%    i have a strong feeling that coin will gou up to the sky  

[dac10]

new server = short time
new exchange = short time nova and cryptopia and maybe more
website soon =   that coin will grow 99%    i have a strong feeling that coin will gou up to the sky  

Maybe you meant that it will a 999% growth!