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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 1009202 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 1+ user deleted.)
nrg_wolf
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March 04, 2014, 05:08:15 AM
 #2401

buy walls are not looking to good. eatten through 5 sat and now down to 4. can forsee 1 sat soon, with a chance to recover maybe?
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ubel
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March 04, 2014, 05:13:12 AM
 #2402

Voted on Mintpal.
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March 04, 2014, 05:17:48 AM
 #2403

Voted on Mintpal.

if your a member you can vote like 6 times in a row, every hour... me thinks.
Anonymousg64
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March 04, 2014, 05:25:41 AM
 #2404

buy walls are not looking to good. eatten through 5 sat and now down to 4. can forsee 1 sat soon, with a chance to recover maybe?

i would like that, buy buy buy
chail1
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March 04, 2014, 05:26:55 AM
 #2405

Voted on Mintpal.
Anonymousg64
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March 04, 2014, 05:34:12 AM
 #2406

Voted on Mintpal.

lets keep going, we surpassed Animecoin




to others:

https://www.mintpal.com/voting

register and vote 6 times every hour
bwcainmay
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March 04, 2014, 05:41:31 AM
 #2407

I've been voting. It's good to get behind a hard working team.
bwcainmay
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March 04, 2014, 05:53:53 AM
 #2408

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?
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March 04, 2014, 06:03:59 AM
 #2409

What will happen after coin will hit 1 coin per block reward?
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March 04, 2014, 06:04:53 AM
 #2410

"we will be handing out paper wallets that contain 20000 ZEIT and we will have 2500 printed. "50,000,000 Giveaway to everyday people".  
 Undecided HMM, How are they going to prove that one?
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March 04, 2014, 06:18:57 AM
 #2411

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
Anonymousg64
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March 04, 2014, 06:22:59 AM
 #2412

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
 #2413

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.
Anonymousg64
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March 04, 2014, 06:28:50 AM
 #2414

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
bwcainmay
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March 04, 2014, 06:30:48 AM
 #2415

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!
jonnysomething
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March 04, 2014, 06:37:23 AM
 #2416

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.
Mylo
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March 04, 2014, 06:40:34 AM
 #2417

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
 #2418

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
 #2419

Has you voted?

https://www.mintpal.com/voting
Anonymousg64
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March 04, 2014, 07:13:41 AM
 #2420

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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