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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 1002702 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.)
ydrogios
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April 22, 2014, 09:28:21 PM
 #8921

Ran some more numbers. I know everyone cares. Tongue

My own actual minting results averaged out indicate that zeitcoin(IN YOUR WALLET) yields 1.372% every 20 days(without compounding). This is equal to 0.06858% daily. Obviously this is far less than some other PoS coins pay, but here's where it gets interesting. If you compute yield/day/satoshi then Zeitcoin is the single best PoS coin there is. At a cost of 5 satoshis Zeitcoin's yield/day/satoshi = 0.01371652% which is insane. For comparison purposes HBN @ 29000 is equal to 0.00000976%/day/satoshi even though it pays 100% yearly.

I like the way you work the numbers, dude.

- just a shame so many morons are treating it like a PoW coin Sad

The song remains the same though ...

BUY THEM WHILE YOU CAN, KEEP THEM IN YOUR WALLET!
Keep them all in your wallet and you want regret it.Its a fantastic coin.!!!!!!!!!!!!!!!!!!!!!!
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TuxNut
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April 22, 2014, 09:42:23 PM
 #8922

Just checking around to ensure all the pools I used were cleared out.

People are STILL mining on MoreCoins and it STILL never broke that block from 7th March. Stunning!

As an aside.
Really pleased to see PoW being ended (not read whether checkpoints will be used in the 'official' wallet) and adding coin control is brilliant, will certainly make the coin more usable rather than that annoying FIFO Smiley

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stevegreer
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April 22, 2014, 09:44:51 PM
 #8923


Dude, smallest I've had so far is 2.516438

Beat that!


0.54315  Cool

LionOfNarnia
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April 22, 2014, 10:48:11 PM
 #8924


Dude, smallest I've had so far is 2.516438

Beat that!


0.54315  Cool

OK, here's a 'cigar' Cheesy


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solarion
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April 22, 2014, 11:12:59 PM
 #8925

Ran some more numbers. I know everyone cares. Tongue

My own actual minting results averaged out indicate that zeitcoin(IN YOUR WALLET) yields 1.372% every 20 days(without compounding). This is equal to 0.06858% daily. Obviously this is far less than some other PoS coins pay, but here's where it gets interesting. If you compute yield/day/satoshi then Zeitcoin is the single best PoS coin there is. At a cost of 5 satoshis Zeitcoin's yield/day/satoshi = 0.01371652% which is insane. For comparison purposes HBN @ 29000 is equal to 0.00000976%/day/satoshi even though it pays 100% yearly.

this is confusing as f---....... yield/day/satoshi? can we market this somehow? zeitcoin is falling into the crowd of 100 blackcoin clones and unfortunately zeit looks the same at first glance

If you think of it in bond terms it's all about paying the least to get the highest rate of return. Yield per day per satoshi is just an attempt to reduce all the PoS coins to the lowest common denominator to make comparing them simple. Here's a few compared using this metric:

Zeitcoin:                      0.01371652%
HoboNickels:             0.00000955%
PhilosopherStone:      0.00001181%
Battlecoin:                0.00016447%

The fact that all of these coins pay more annually than Zeitcoin is irrelevant because their costs are so much higher. For the cost of just one of the next closest(Battlecoin) you can purchase 163 Zeitcoin which will pay many times more.
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April 22, 2014, 11:47:25 PM
 #8926

Ran some more numbers. I know everyone cares. Tongue

My own actual minting results averaged out indicate that zeitcoin(IN YOUR WALLET) yields 1.372% every 20 days(without compounding). This is equal to 0.06858% daily. Obviously this is far less than some other PoS coins pay, but here's where it gets interesting. If you compute yield/day/satoshi then Zeitcoin is the single best PoS coin there is. At a cost of 5 satoshis Zeitcoin's yield/day/satoshi = 0.01371652% which is insane. For comparison purposes HBN @ 29000 is equal to 0.00000976%/day/satoshi even though it pays 100% yearly.

this is confusing as f---....... yield/day/satoshi? can we market this somehow? zeitcoin is falling into the crowd of 100 blackcoin clones and unfortunately zeit looks the same at first glance

If you think of it in bond terms it's all about paying the least to get the highest rate of return. Yield per day per satoshi is just an attempt to reduce all the PoS coins to the lowest common denominator to make comparing them simple. Here's a few compared using this metric:

Zeitcoin:                      0.01371652%
HoboNickels:             0.00000955%
PhilosopherStone:      0.00001181%
Battlecoin:                0.00016447%

The fact that all of these coins pay more annually than Zeitcoin is irrelevant because their costs are so much higher. For the cost of just one of the next closest(Battlecoin) you can purchase 163 Zeitcoin which will pay many times more.

How do you get these numbers? Your math/logic makes no sense to me.
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April 23, 2014, 12:42:34 AM
 #8927

How do you get these numbers? Your math/logic makes no sense to me.

The raw data came from my own minting experiences with each coin, these I averaged. Rather than trying to go through my maths in a dialog box I will reproduce the spreadsheet and post it to google docs.
LionOfNarnia
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April 23, 2014, 12:52:36 AM
 #8928

How do you get these numbers? Your math/logic makes no sense to me.

The raw data came from my own minting experiences with each coin, these I averaged. Rather than trying to go through my maths in a dialog box I will reproduce the spreadsheet and post it to google docs.

+1

are you Norbert Wiener?

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April 23, 2014, 12:57:58 AM
 #8929

How do you get these numbers? Your math/logic makes no sense to me.

The raw data came from my own minting experiences with each coin, these I averaged. Rather than trying to go through my maths in a dialog box I will reproduce the spreadsheet and post it to google docs.

+1

are you Norbert Wiener?

lol Not quite a cybernetics guru, just a PoS freak. Cheesy
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April 23, 2014, 01:54:00 AM
 #8930

How do you get these numbers? Your math/logic makes no sense to me.

The raw data came from my own minting experiences with each coin, these I averaged. Rather than trying to go through my maths in a dialog box I will reproduce the spreadsheet and post it to google docs.

+1

are you Norbert Wiener?

lol Not quite a cybernetics guru, just a PoS freak. Cheesy

Good enuff 4 me, dude Grin

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April 23, 2014, 06:58:09 AM
 #8931

light-wallet alike multibit is essential....

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))
ydrogios
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April 23, 2014, 07:29:57 AM
 #8932

It`s very difficult to break the walls from 6 sat to 17 sat.The only way to break them is the price goes up
neoxxx
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April 23, 2014, 08:01:38 AM
 #8933


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April 23, 2014, 12:15:44 PM
 #8934

light-wallet alike multibit is essential....

Not on a POS coin. It's essential to NOT have one.

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cyberpitstop
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April 23, 2014, 12:20:57 PM
 #8935

Noob question here how does the POS minting actually work anyway??
LionOfNarnia
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April 23, 2014, 12:22:52 PM
 #8936

Noob question here how does the POS minting actually work anyway??


http://forum.zeit-coin.com/viewtopic.php?f=10&t=36

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April 23, 2014, 12:49:50 PM
 #8937

ATTENTION!

Hey guys, it was nice talking with you all on the Forum over the last week. I am here to inform you that I no longer will be working on Zeitpool, and everything...including what is to be paid out has been handed over to someone else.

You guy's have a great community here, thanks for making me feel welcome!!

.....


If anyone wants any good quality coin dev work done, or anything build using coin API's....anything coin related, contact me....you can email me @ admin@coindev.cc or add me to skype... markdev13

https://bitcointalk.org/index.php?topic=570868.msg6220633#msg6220633

Thanks everyone...

Cheers  Smiley
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April 23, 2014, 01:02:04 PM
 #8938

ATTENTION!

Hey guys, it was nice talking with you all on the Forum over the last week. I am here to inform you that I no longer will be working on Zeitpool, and everything...including what is to be paid out has been handed over to someone else.

You guy's have a great community here, thanks for making me feel welcome!!

.....


If anyone wants any good quality coin dev work done, or anything build using coin API's....anything coin related, contact me....you can email me @ admin@coindev.cc or add me to skype... markdev13

https://bitcointalk.org/index.php?topic=570868.msg6220633#msg6220633

Thanks everyone...

Cheers  Smiley

appreciate all you have done! dont be a stranger Smiley
ydrogios
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April 23, 2014, 02:36:25 PM
 #8939

3 sat OMG
LionOfNarnia
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April 23, 2014, 02:50:58 PM
 #8940

3 sat OMG



Yeah, quite surprising to me too -

- that after everything that's been said here,

- plus it can't possibly be mine-and-autosell anymore

That ANYONE is so dumb as to sell that low. They should all be

GREAT news for the multi-pool though!




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