So is this not the place to ask questions, is there another forum somewhere with activity?
Sorry the delay mate.
Yes. This is the right place to ask questions.
In regards the processing time of transactions, the only thing that we have changed compared to Bitcoin is that each block is created every 2.5 minutes in average. Bitcoin is created every 10 minutes.
The free coin giveaway will last until we distribute the total of 11.5 billions of pre-mined ozziecoins. At the moment we are giving 500 OZC to any person that register at ozziecoin.com/faucet/default.php and then, every 2 weeks 5.04 millions OZC are distributed equally to all registered people. We must have with an Australian mobile number to be eligible. People overseas still can use it as an online wallet and transfer OZC through email or facebook.
We are open to hear any ideas and any suggestions you might have to accelerate the process.
I forgot to explain why 5.04 millions every 2 weeks. This is exactly the amount of coins created every 2 weeks through mining. Given that:
- 625 OZC is the block reward.
- 2.5 minutes is the average time to have a block created.
625 OZC * 14 days * 24 hours * (3600 sec/hour / (2.5 minutes * 60 sec)) = 5,040,000 OZC
So every 2 weeks we have more 10,080,000 OZC in the market (5.04 M distributed + 5.04 mined). More 500 OZC given to new registrations.