[ANN] Zimstake (ZS) - PURE POS - No IPO / PreMine - SHA-256

[Mortimer452]

Block 10,512 has been mined, no further entries will be accepted into the contest!

You can see the final list of entries here

Now it's time to hurry up & wait until POW ends!  

[neilh]

Block 10,512 has been mined, no further entries will be accepted into the contest!

You can see the final list of entries here

Now it's time to hurry up & wait until POW ends!   

Game on! 

[raskul]

Block 10,512 has been mined, no further entries will be accepted into the contest!

You can see the final list of entries here

Now it's time to hurry up & wait until POW ends!   

Game on! 

BUY BUY BUY!

[tertius993]

The Work:
Proof of Work:

• Algo: SHA-256
• Block reward: 512 ZS
• Max height: 12512 (a little over 8.5 days)
• Total POW Coins: 6.406.144 (6.4 million or so)

Proof of Stake

• Stake Interest: 12% annually (FOREVER!!)
• Min stake age: 12 hours, no max age
• Total Coins: 60 - 70 million after 10 years

Apologies if this has already been answered, but can you explain how this will work?

Doesn't the PoS element mean that you cannot set a total coin number?  As you will (potentially) be creating some millions of coins in stake interest every year "FOREVER"?

This is true, we cannot set a total coin number, due to POS. However, what we are placing guesses on is what the total coin supply will be once the POW stage of this coin is over (which is block 12512). Basically we are guessing how many coins there will be at block # 12512.

Yes, I understand what the current guessing game is about ... my question was really about the original specifications of the coin, and what the PoS element means to the the total coin number?  12% is quite a high rate of return! And one that I would expect to significantly influence any purchase decisions.

[Shurugwi]

My guess

3654862

Address: DyggfpK2YbR5eqb4Uz2qVbviQxgQGhSfEh

[raskul]

Block 10,512 has been mined, no further entries will be accepted into the contest!

You can see the final list of entries here

Now it's time to hurry up & wait until POW ends!  

My guess

3654862

Address: DyggfpK2YbR5eqb4Uz2qVbviQxgQGhSfEh

alrighteeee

[neilh]

The Work:
Proof of Work:

• Algo: SHA-256
• Block reward: 512 ZS
• Max height: 12512 (a little over 8.5 days)
• Total POW Coins: 6.406.144 (6.4 million or so)

Proof of Stake

• Stake Interest: 12% annually (FOREVER!!)
• Min stake age: 12 hours, no max age
• Total Coins: 60 - 70 million after 10 years

Apologies if this has already been answered, but can you explain how this will work?

Doesn't the PoS element mean that you cannot set a total coin number?  As you will (potentially) be creating some millions of coins in stake interest every year "FOREVER"?

This is true, we cannot set a total coin number, due to POS. However, what we are placing guesses on is what the total coin supply will be once the POW stage of this coin is over (which is block 12512). Basically we are guessing how many coins there will be at block # 12512.

Yes, I understand what the current guessing game is about ... my question was really about the original specifications of the coin, and what the PoS element means to the the total coin number?  12% is quite a high rate of return! And one that I would expect to significantly influence any purchase decisions.

If ZS ends up with under 4 million coins once PoW has finished,
it's a very small number when you compare other now pure PoS
coins.

There is BlackCoin with 75M and just 1%, CinniCoin with 15M at
3.5%. And then the other end of the scale MintCoin with 19B
with 20% variable that ends up at 5% after 4 years with a cap
of 70B.

There are coins which are still PoW/PoS, TEK coin has 40% with
a cap of 100M. Or HoboNickels with 2% every 10 days with a cap
of 120M and currently has over 3M coins, not sure about TEK.

Also a large amount of coins will likely sit on exchanges so won't
even be minting coins!

[goblynn]

if we only mine 4 million coins during POW..we will only see 480000 coins minted this year..and then 537000 the year after that..bring us up to 5 million coins in two years of minting...and then from there we will get 600000 minted coins on the third year bringing our total up to 5600000 after 3 full years of minting..

and thats if everyone mints the whole time...really not a very fast minting process even though the 12% makes it seem like it is

[highspeedtractor]

my guess: 3.993.850

E2orRPPmH3B9xKdqFYAGsBoo5ntEGhWuti

[neilh]

Block 10,512 has been mined, no further entries will be accepted into the contest!

You can see the final list of entries here

Now it's time to hurry up & wait until POW ends!  

my guess: 3.993.850

Peeps, please stop adding addresses in posts, might get
the thread locked.

[raskul]

BUY! BUY ! BUY !!

[CryptoGir]

New MAC Wallet has been compiled. Thank you @jyap (donation address in op) Version 1.0.1.1

MediaFire
Mega

[CryptoGir]

Also My Pool is now open to the public!



That Other Pool - ZS

[CryptoGir]

Less than 1400 blocks of POW remaining. Get in while you can.

[allcrypt]

Zimstake has been added to AllCrypt.com! Heard about this coin through the grapevine and we like what it looks like and it deserves to be on a strong exchange.

Hope to see you all there!

[goblynn]

haha since this is just for fun...

http://rt.com/news/156220-darth-vader-ukraine-mayor/

[cryptorookie]

Please PM me if you are willing to sell some of your Zimstakes. Please include the price and the amount you wish to sell. I will only trade on an exchange so neither of us have to worry about getting scammed. All of the exchanges have a really low volume, and I want to buy in ASAP!!!! 

[tesene]

I see that ZS got added to AllCoin.com also.  Let's hope this sparks some good buying to get the price up. 

[lin0sspice]

Please PM me if you are willing to sell some of your Zimstakes. Please include the price and the amount you wish to sell. I will only trade on an exchange so neither of us have to worry about getting scammed. All of the exchanges have a really low volume, and I want to buy in ASAP!!!! 

Why dont you go ex to buy them ?
1poster ?

[cryptorookie]

Please PM me if you are willing to sell some of your Zimstakes. Please include the price and the amount you wish to sell. I will only trade on an exchange so neither of us have to worry about getting scammed. All of the exchanges have a really low volume, and I want to buy in ASAP!!!! 

Why dont you go ex to buy them ?
1poster ?

The bid/ask spread is WAY too high right now. That will change soon.