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

[Rent_a_Ray]

Some news about the Zeitcoin forum:
* Server issues fixed.
* Mintpal & Cryptsy values/markets are showing in Header
* Open Beta now... (for Moderators, Admins)



Have a nice day/night,
Ray

[1715033323]

1715033323

[rikkejohn]

I just got a payout from a purchase 20+ days ago

I bought 2,638,157, and transferred it to my wallet immediately.

My payout today was 36,326

However, I expected 527,631 (assuming 20%)


BUT --- I am confused, because it came through as MINING  ... yet I am not mining, I just have my wallet open.



Anyway, what POS am I due from 2,638,157 (2.6 million)?

[LionOfNarnia]

I just got a payout from a purchase 20+ days ago

I bought 2,638,157, and transferred it to my wallet immediately.

My payout today was 36,326

However, I expected 527,631 (assuming 20%)


BUT --- I am confused, because it came through as MINING  ... yet I am not mining, I just have my wallet open.

Anyway, what POS am I due from 2,638,157 (2.6 million)?

Your 'stake' (2,638,157) will generate 25% (659,539.25) OVER THE COURSE OF THE 1st YEAR.

It does this in 20-day chunks.

365/20 = 18.25

659,539.25 / 18.25 = (TAH DAH!) 35,650

So you can expect the same every 20 days for a year (roughly)

It comes in as 'mined' because your 'stake' acts like a miner to generate coins.

Note the occasional Minting will initially NOT be accepted by the blockchain, don't panic, it'll all come good in the end.

Note that if you don't spend anything, in year 2 you will get 20% on 2,638,157 + 659,539.25 so this time next year you wallet will hold 3,297,696.25 & you can expect 659,539.25 in Minting @ 35,650 every 20 days.

In 2 years your 2.6 Mill will have grown to 3,957,235.5

NOW do you get it?

E2A - Double-posting so soon will not win you friends.

[BeholdTheTrueWake]

Some news about the Zeitcoin forum:
* Server issues fixed.
* Mintpal & Cryptsy values/markets are showing in Header
* Open Beta now... (for Moderators, Admins)



Have a nice day/night,
Ray

  Excellent!

Thanks for the update too, glad to see it's coming along.
It'll be a great tool for the Zeitcoin community think tank.

[Anonymousg64]

How many days until pure PoS? Is there a countdown counter?

PoW isnt suppose to end, but i suspect it will be impossible to mine PoW blocks

A counter would not be very usefull since the block rate is far from being exactly 1 every 30 seconds


In 32 hours week 5 will end, based on the block count. expect it to end in 20-32hours due to higher block rate

week 5 took 3days and 17hours

assuming week 6 takes the same amount of time

we will be at 1ZEIT/block on april 3rd

[rikkejohn]

I just got a payout from a purchase 20+ days ago

I bought 2,638,157, and transferred it to my wallet immediately.

My payout today was 36,326

However, I expected 527,631 (assuming 20%)


BUT --- I am confused, because it came through as MINING  ... yet I am not mining, I just have my wallet open.

Anyway, what POS am I due from 2,638,157 (2.6 million)?

Your 'stake' (2,638,157) will generate 25% (659,539.25) OVER THE COURSE OF THE 1st YEAR.

It does this in 20-day chunks.

365/20 = 18.25

659,539.25 / 18.25 = (TAH DAH!) 35,650

So you can expect the same every 20 days for a year (roughly)

It comes in as 'mined' because your 'stake' acts like a miner to generate coins.

Note the occasional Minting will initially NOT be accepted by the blockchain, don't panic, it'll all come good in the end.

Note that if you don't spend anything, in year 2 you will get 20% on 2,638,157 + 659,539.25 so this time next year you wallet will hold 3,297,696.25 & you can expect 659,539.25 in Minting @ 35,650 every 20 days.

In 2 years your 2.6 Mill will have grown to 3,957,235.5

NOW do you get it?

E2A - Double-posting so soon will not win you friends.

very well explained, thanks 

[Rent_a_Ray]

Some news about the Zeitcoin forum:
* Server issues fixed.
* Mintpal & Cryptsy values/markets are showing in Header
* Open Beta now... (for Moderators, Admins)



Have a nice day/night,
Ray

  Excellent!

Thanks for the update too, glad to see it's coming along.
It'll be a great tool for the Zeitcoin community think tank.

welcome - it's nantucket time.. let's stop the troll-whales...

PS: Zeitcoin is ready to enter the zeitelvoss index....

;-)

Greets,
Ray

[ydrogios]

What is the link for our forum?

[Rent_a_Ray]

What is the link for our forum?

Please be patient highly regarded ydrogios... We need 2 or 3 days for internal testing...
We will post the official link here..

Thanks in advice,
Ray

[Matni]

How many days until pure PoS? Is there a countdown counter?

PoW isnt suppose to end, but i suspect it will be impossible to mine PoW blocks

A counter would not be very usefull since the block rate is far from being exactly 1 every 30 seconds


In 32 hours week 5 will end, based on the block count. expect it to end in 20-32hours due to higher block rate

week 5 took 3days and 17hours

assuming week 6 takes the same amount of time

we will be at 1ZEIT/block on april 3rd

I was just about to do that same maths, thank you for saving me the trouble! So we seem to be about 9 days ahead of schedule for the initial POW stage and I won't start minting till the 4th :S

[ydrogios]

What is the link for our forum?

Please be patient highly regarded ydrogios... We need 2 or 3 days for internal testing...
We will post the official link here..

Thanks in advice,
Ray

I`m very sorry i thought it was ready.If you need any help please pm me

[Matni]

Some news about the Zeitcoin forum:
* Server issues fixed.
* Mintpal & Cryptsy values/markets are showing in Header
* Open Beta now... (for Moderators, Admins)



Have a nice day/night,
Ray

Looking good Ray, can't wait to get over there. I'll send you a donation once we get the link [we CAN be patient, but it's always good to incentivise these things...]

[Rent_a_Ray]

What is the link for our forum?

Please be patient highly regarded ydrogios... We need 2 or 3 days for internal testing...
We will post the official link here..

Thanks in advice,
Ray

I`m very sorry i thought it was ready

It is ready... But we need to check some things before official launch.

So long,
Ray

[Matni]

So after Lion posted he was going to be mining Blitz, I decided to do the same and buy Zeit once I sold out. And whilst keeping up on their thread, I noticed a call out for a Blitz Community Manager [to be a link between forums, social media and the dev team] and was thinking we need this for Zeit, especially as [I believe] we will be around for a long time to come, especially compared to Blitz.

Should this be a thread to start once the new forum is up and running?

Also, is there a deadline for the coin re-design? I've got an idea in my head, just need to find sometime in front of Photoshop to at least mock something up [before maybe handing it over to someone who can use Photoshop for more than batch and contact sheets]

[Rent_a_Ray]

Some news about the Zeitcoin forum:
* Server issues fixed.
* Mintpal & Cryptsy values/markets are showing in Header
* Open Beta now... (for Moderators, Admins)



Have a nice day/night,
Ray

Looking good Ray, can't wait to get over there. I'll send you a donation once we get the link [we CAN be patient, but it's always good to incentivise these things...]

Yes, donations of course -----> always to me :-)
No - it's just a joke.....

I believe we will go public on wednesday...

Ray

[Djentriser]

I and my friends still didnt recieved 50K ZEIT for liking FB page, is anything going on regarding this or, was it just false advertisment?

[buzz2708]

Why so many blocks are not accepted??

[Matni]

I and my friends still didnt recieved 50K ZEIT for liking FB page, is anything going on regarding this or, was it just false advertisment?

No it wasn't false advertising, if you followed the instructions the week after launch and emailed your wallet address to the Zeit dev, you would have received you bounty like everyone else did.

[alekzander]

I just got a payout from a purchase 20+ days ago

I bought 2,638,157, and transferred it to my wallet immediately.

My payout today was 36,326

However, I expected 527,631 (assuming 20%)


BUT --- I am confused, because it came through as MINING  ... yet I am not mining, I just have my wallet open.



Anyway, what POS am I due from 2,638,157 (2.6 million)?

yoooooo, relax!!! its 25%/year paid out every 20 days. do the math, u got a calculator...
365/20=18.25... 25%/18.25=1.37% every 20 days
2638157*1.37%= x
understand, simple math... woow=enlightenment

[stevegreer]

I and my friends still didnt recieved 50K ZEIT for liking FB page, is anything going on regarding this or, was it just false advertisment?

Wow. Where to begin. Umm... no, not false advertisement. The people, unlike yourself, who are active in this thread and this community saw weeks ago that the dev posted an email address for people to send their wallet address and proof of doing what was required to receive the bounty to in order to receive it. I see you have two whole posts in this thread, and both of them were asking about your bounty. Is that all you are interested in? Or do you have plans to be active in the community? If all you want is to get your 50K and then dump, then by all means, take a few minutes and search through the thread to find the email address. Maybe even take some time to read some of the posts and learn a little bit about the community and what we stand for. But hey, whatever.