Topic: Get BTC Mining Shares by... wait for it... mining ZTC (Read 6472 times)
Prbably 1 ZTC will cost around 0.20 $$ when its hits an exchange
1000 ghash BTC per day = 0.229 + 0.229 + 0.229 + 0.229 + 0.229 .... 
http://dustcoin.com/mining
I'm sure there are plenty of good lawyers who could help us recover some of that.
What would people say/do if it becomes known that the 1000 ghash has been online for some time now ?
http://dustcoin.com/mining
I'm sure there are plenty of good lawyers who could help us recover some of that.
What would people say/do if it becomes known that the 1000 ghash has been online for some time now ?
Again you have trouble reading.
Here is the original post, let me highlight to you the sections.
Quote
We have acquired Bitcoin mining hardware of 1 TERA HASH ( 1,000 Giga Hash per second). This hardware is expected to go online sometime in January.
As incentive to mine ZenithCoin will will be distributing the proceeds of this mining operation to ZTC holders.
The distribution will begin when the hardware is online and will last 6 months. Distribution will be done at the end of every month.
At this time, there are 1,310,112 ZenithCoin (ZTC) that are outstanding. This increases over time at the rate of 24 coins every 2.5 minutes.
Here are some rough calculations as to how many BTC you shall receive per ZTC coin. These calculation will vary depending on difficulty at the time of mining.
The first month of January will be a partial month, so let us use a full month in February to make the calculations.
Assuming a difficulty of 300,000,000 for BTC in Feb. (current difficulty is 112,628,549 ).
A total of 1.67 BTC will be mined per day. For 28 days in February, that is 46.76 BTC.
Assume that there are 2 million ZTC by the end of February. The amount of BTC per ZTC that you will receive will be: 0.00002338 BTC. I have created a table so you can see how much you can make by holding ZTC:
1,000 ZTC - 0.02338 BTC or 2.9225 USD (at 125 USD / BTC )
10,000 ZTC - 0.2338 BTC or 29.225 USD
100,000 ZTC - 2.338 BTC or 292.25 USD
This is just for the month of February!!!
Owning ZTC gives you a share of the mining profits for the next 6 months!
Finally, a coin that pays yo back for holding it!!
More detailed rules will follow. If this program is successful, we can continue to add more hashing power as budget permits.
Note: There is no need to register - ZTC and BTC addresses are the same. All you need to do is export your ZTC address and import it into the BTC client. Only ZTC held at the end of every month will receive the BTC proceeds!
This promotion has been cancelled because the hardware manufacturer (Cointerra) is 2 month delayed in their shipment. Therefore making any mining 2 months from now highly unprofitable in terms of energy costs and equipment costs.
As incentive to mine ZenithCoin will will be distributing the proceeds of this mining operation to ZTC holders.
The distribution will begin when the hardware is online and will last 6 months. Distribution will be done at the end of every month.
At this time, there are 1,310,112 ZenithCoin (ZTC) that are outstanding. This increases over time at the rate of 24 coins every 2.5 minutes.
Here are some rough calculations as to how many BTC you shall receive per ZTC coin. These calculation will vary depending on difficulty at the time of mining.
The first month of January will be a partial month, so let us use a full month in February to make the calculations.
Assuming a difficulty of 300,000,000 for BTC in Feb. (current difficulty is 112,628,549 ).
A total of 1.67 BTC will be mined per day. For 28 days in February, that is 46.76 BTC.
Assume that there are 2 million ZTC by the end of February. The amount of BTC per ZTC that you will receive will be: 0.00002338 BTC. I have created a table so you can see how much you can make by holding ZTC:
1,000 ZTC - 0.02338 BTC or 2.9225 USD (at 125 USD / BTC )
10,000 ZTC - 0.2338 BTC or 29.225 USD
100,000 ZTC - 2.338 BTC or 292.25 USD
This is just for the month of February!!!
Owning ZTC gives you a share of the mining profits for the next 6 months!
Finally, a coin that pays yo back for holding it!!
More detailed rules will follow. If this program is successful, we can continue to add more hashing power as budget permits.
Note: There is no need to register - ZTC and BTC addresses are the same. All you need to do is export your ZTC address and import it into the BTC client. Only ZTC held at the end of every month will receive the BTC proceeds!
This promotion has been cancelled because the hardware manufacturer (Cointerra) is 2 month delayed in their shipment. Therefore making any mining 2 months from now highly unprofitable in terms of energy costs and equipment costs.
No January delivery, no hardware online, no proceeds.
I already offered you compensation for your existing ZTC coins. You did not take it.
That is the best I can do under the circumstances.
If you want more, then you will have to wait till ZTC is traded in an open exchange.
1000 ghash BTC per day = 0.229 + 0.229 + 0.229 + 0.229 + 0.229 ....
http://dustcoin.com/mining
I'm sure there are plenty of good lawyers who could help us recover some of that.
What would people say/do if it becomes known that the 1000 ghash has been online for some time now ?
http://dustcoin.com/mining
I'm sure there are plenty of good lawyers who could help us recover some of that.
What would people say/do if it becomes known that the 1000 ghash has been online for some time now ?
Again you have trouble reading.
Here is the original post, let me highlight to you the sections.
Quote
We have acquired Bitcoin mining hardware of 1 TERA HASH ( 1,000 Giga Hash per second). This hardware is expected to go online sometime in January.
As incentive to mine ZenithCoin will will be distributing the proceeds of this mining operation to ZTC holders.
The distribution will begin when the hardware is online and will last 6 months. Distribution will be done at the end of every month.
At this time, there are 1,310,112 ZenithCoin (ZTC) that are outstanding. This increases over time at the rate of 24 coins every 2.5 minutes.
Here are some rough calculations as to how many BTC you shall receive per ZTC coin. These calculation will vary depending on difficulty at the time of mining.
The first month of January will be a partial month, so let us use a full month in February to make the calculations.
Assuming a difficulty of 300,000,000 for BTC in Feb. (current difficulty is 112,628,549 ).
A total of 1.67 BTC will be mined per day. For 28 days in February, that is 46.76 BTC.
Assume that there are 2 million ZTC by the end of February. The amount of BTC per ZTC that you will receive will be: 0.00002338 BTC. I have created a table so you can see how much you can make by holding ZTC:
1,000 ZTC - 0.02338 BTC or 2.9225 USD (at 125 USD / BTC )
10,000 ZTC - 0.2338 BTC or 29.225 USD
100,000 ZTC - 2.338 BTC or 292.25 USD
This is just for the month of February!!!
Owning ZTC gives you a share of the mining profits for the next 6 months!
Finally, a coin that pays yo back for holding it!!
More detailed rules will follow. If this program is successful, we can continue to add more hashing power as budget permits.
Note: There is no need to register - ZTC and BTC addresses are the same. All you need to do is export your ZTC address and import it into the BTC client. Only ZTC held at the end of every month will receive the BTC proceeds!
This promotion has been cancelled because the hardware manufacturer (Cointerra) is 2 month delayed in their shipment. Therefore making any mining 2 months from now highly unprofitable in terms of energy costs and equipment costs.
As incentive to mine ZenithCoin will will be distributing the proceeds of this mining operation to ZTC holders.
The distribution will begin when the hardware is online and will last 6 months. Distribution will be done at the end of every month.
At this time, there are 1,310,112 ZenithCoin (ZTC) that are outstanding. This increases over time at the rate of 24 coins every 2.5 minutes.
Here are some rough calculations as to how many BTC you shall receive per ZTC coin. These calculation will vary depending on difficulty at the time of mining.
The first month of January will be a partial month, so let us use a full month in February to make the calculations.
Assuming a difficulty of 300,000,000 for BTC in Feb. (current difficulty is 112,628,549 ).
A total of 1.67 BTC will be mined per day. For 28 days in February, that is 46.76 BTC.
Assume that there are 2 million ZTC by the end of February. The amount of BTC per ZTC that you will receive will be: 0.00002338 BTC. I have created a table so you can see how much you can make by holding ZTC:
1,000 ZTC - 0.02338 BTC or 2.9225 USD (at 125 USD / BTC )
10,000 ZTC - 0.2338 BTC or 29.225 USD
100,000 ZTC - 2.338 BTC or 292.25 USD
This is just for the month of February!!!
Owning ZTC gives you a share of the mining profits for the next 6 months!
Finally, a coin that pays yo back for holding it!!
More detailed rules will follow. If this program is successful, we can continue to add more hashing power as budget permits.
Note: There is no need to register - ZTC and BTC addresses are the same. All you need to do is export your ZTC address and import it into the BTC client. Only ZTC held at the end of every month will receive the BTC proceeds!
This promotion has been cancelled because the hardware manufacturer (Cointerra) is 2 month delayed in their shipment. Therefore making any mining 2 months from now highly unprofitable in terms of energy costs and equipment costs.
No January delivery, no hardware online, no proceeds.
I already offered you compensation for your existing ZTC coins. You did not take it.
That is the best I can do under the circumstances.
If you want more, then you will have to wait till ZTC is traded in an open exchange.
1000 ghash BTC per day = 0.229 + 0.229 + 0.229 + 0.229 + 0.229 ....
http://dustcoin.com/mining
I'm sure there are plenty of good lawyers who could help us recover some of that.
What would people say/do if it becomes known that the 1000 ghash has been online for some time now ?
http://dustcoin.com/mining
I'm sure there are plenty of good lawyers who could help us recover some of that.
What would people say/do if it becomes known that the 1000 ghash has been online for some time now ?
WARNING !! The following contains scenes of sockpuppets. 
Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
Hip so your telling me in a nice way to just delete the wallet?Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
LOL
Its your call.
I'm holding on to mine in case it ever becomes classified as evidence for whatever legal matters may spring up.
WARNING !! The following contains scenes of sockpuppets.
Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
Hip so your telling me in a nice way to just delete the wallet?Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
LOL
Its your call.
I'm holding on to mine in case it ever becomes classified as evidence for whatever legal matters may spring up.
WARNING !! The following contains scenes of sockpuppets.
Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
Hip so your telling me in a nice way to just delete the wallet? Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
WARNING !! The following contains scenes of sockpuppets.
Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
Ask Carlos or FrictionlessCoin or solracx...
https://bitcointalksearch.org/topic/m.4680994
so is this all DEAD now or what? does anyone want to buy my ZTC?
?
?
Both... not a lot of miners participated and cointerra hardware was delayed 2 months.
you can go check www.thegenesisblock.com to see how much money a cointerra tera miner II will make in April.
Here is the calculations:
Break Even Period: No break-even in first year Total Fixed Costs: $3600
Max Profit: $ Monthly Power Costs: $64.8
Month Difficulty (MM) Time per
Block (days) Monthly Revenue Monthly
Profit Cumulative
Return
Apr-14 13474 670 $1,000 $940 $(2,660)
May-14 26410 1313 $513 $448 $(2,210)
Jun-14 51764 2573 $261 $197 $(2,020)
Jul-14 101457 5044 $133 $69 $(1,950)
Aug-14 198855 9885 $68 $3 $(1,940)
Sep-14 389756 19375 $35 $-30 $(1,970)
Oct-14 763921 37975 $18 $-47 $(2,020)
Nov-14 1497285 74432 $9 $-56 $(2,080)
Dec-14 2934679 145886 $5 $-60 $(2,140)
Jan-15 5751971 285936 $2 $-62 $(2,200)
Feb-15 11273863 560435 $1 $-64 $(2,260)
Mar-15 22096772 1098453 $1 $-64 $(2,330)
I am not going to go into a lot of red ink. Cointerra promised machines by January, but they have not shipped anything yet.
Here is the order information:
Order: KA3508
Product Quantity Price
TerraMiner II – 1TH/s, Networked Miner (January Batch) (#GS1100-01)
1 $3,499
Cart Subtotal: $3,499
Shipping: $258.93 via Next Day Air (UPS)
Order Total: $3,757.93
Note: Notes about your order, e.g. special notes for delivery.
Not my fault that the product cannot be delivered on time.
Ultimately this is a business decision.
I suggest you take the money I am offering you for the 84,000 ZTC and go buy some GHash at CEX.IO.
you can go check www.thegenesisblock.com to see how much money a cointerra tera miner II will make in April.
Here is the calculations:
Break Even Period: No break-even in first year Total Fixed Costs: $3600
Max Profit: $ Monthly Power Costs: $64.8
Month Difficulty (MM) Time per
Block (days) Monthly Revenue Monthly
Profit Cumulative
Return
Apr-14 13474 670 $1,000 $940 $(2,660)
May-14 26410 1313 $513 $448 $(2,210)
Jun-14 51764 2573 $261 $197 $(2,020)
Jul-14 101457 5044 $133 $69 $(1,950)
Aug-14 198855 9885 $68 $3 $(1,940)
Sep-14 389756 19375 $35 $-30 $(1,970)
Oct-14 763921 37975 $18 $-47 $(2,020)
Nov-14 1497285 74432 $9 $-56 $(2,080)
Dec-14 2934679 145886 $5 $-60 $(2,140)
Jan-15 5751971 285936 $2 $-62 $(2,200)
Feb-15 11273863 560435 $1 $-64 $(2,260)
Mar-15 22096772 1098453 $1 $-64 $(2,330)
I am not going to go into a lot of red ink. Cointerra promised machines by January, but they have not shipped anything yet.
Here is the order information:
Order: KA3508
Product Quantity Price
TerraMiner II – 1TH/s, Networked Miner (January Batch) (#GS1100-01)
1 $3,499
Cart Subtotal: $3,499
Shipping: $258.93 via Next Day Air (UPS)
Order Total: $3,757.93
Note: Notes about your order, e.g. special notes for delivery.
Not my fault that the product cannot be delivered on time.
Ultimately this is a business decision.
I suggest you take the money I am offering you for the 84,000 ZTC and go buy some GHash at CEX.IO.
This...
.. is a far cry from the newly editted original post ...
So which is it ?
PROVE you are or were involved with Cointerra.
Quote
Because if you don't, then there's no way to cash out.
The 1000 ghash promo has been suspended for lack of interest.
The 1000 ghash promo has been suspended for lack of interest.
.. is a far cry from the newly editted original post ...
Quote
This promotion has been cancelled because the hardware manufacturer (Cointerra) is 2 month delayed in their shipment. Therefore making any mining 2 months from now highly unprofitable in terms of energy costs and equipment costs.
So which is it ?
PROVE you are or were involved with Cointerra.
Here is the cointerra thread:
https://bitcointalksearch.org/topic/m.3801486
Look, why don't you sell the 84,000 ZTC coins you hold to me.
As I said, I will buy them all for .12 BTC.
https://bitcointalksearch.org/topic/m.3801486
Look, why don't you sell the 84,000 ZTC coins you hold to me.
As I said, I will buy them all for .12 BTC.
Scammer accusation thread ---- >> https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
The miner was from Cointerra that was expected to arrive in January. Unfortunately, it is out of my control in that they are extremely delayed, and at this time unprofitable to acquire. This is a business decision to stop the purchase. If you don't like it, then sell your coins.
Wasted? You have every opportunity to sell off your coins in an exchange or to sell it to any body making an offer.
Bribing people? People are earning their ZTC by making an effort to promote it.
How did you earn your ZTC? You mined it. How do other people earn their ZTC? They promote it.
So if things don't go your way, you scream "scammer"?
I am making the best effort to promote this coin. What are you doing as a miner? Do you feel entitled to some kind of just compensation? Well the only compensation you will ever get is through an exchange, and if you are working against its listing, then you sir are an absolute idiot.
What you are saying is that rather than get compensated for 84,000 ZTC coins that you hold, you would rather that it be zero. That is stupid.
Now you're pulling exuses out of your ass. And get it right ! YOU hold half of the almost 84000 ZTC that I have mined.
Please go to reddit and vote up the ZenithCoin request to include in coinedup. http://www.reddit.com/r/CoinedUp
Give me a legitimate reason to, and I will.
When will the 1000 ghash go online ?
HT xD
Because if you don't, then there's no way to cash out.
The 1000 ghash promo has been suspended for lack of interest.
No mention of Cointerra here.
Can you prove that you had made such arrangements ?
Scammer accusation thread ---- >> https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
The miner was from Cointerra that was expected to arrive in January. Unfortunately, it is out of my control in that they are extremely delayed, and at this time unprofitable to acquire. This is a business decision to stop the purchase. If you don't like it, then sell your coins.
Wasted? You have every opportunity to sell off your coins in an exchange or to sell it to any body making an offer.
Bribing people? People are earning their ZTC by making an effort to promote it.
How did you earn your ZTC? You mined it. How do other people earn their ZTC? They promote it.
So if things don't go your way, you scream "scammer"?
I am making the best effort to promote this coin. What are you doing as a miner? Do you feel entitled to some kind of just compensation? Well the only compensation you will ever get is through an exchange, and if you are working against its listing, then you sir are an absolute idiot.
What you are saying is that rather than get compensated for 84,000 ZTC coins that you hold, you would rather that it be zero. That is stupid.
Scammer accusation thread ---- >> https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
WARNING !! ZTC IS A SCAM !!
Please go to reddit and vote up the ZenithCoin request to include in coinedup. http://www.reddit.com/r/CoinedUp
Give me a legitimate reason to, and I will.
When will the 1000 ghash go online ?
HT xD
Because if you don't, then there's no way to cash out.
The 1000 ghash promo has been suspended for lack of interest.
With statements like that, the only thing being 'cashed out' here is your reputation.
HT xD
Hi again..
I am no longer worried about the multi pools raiding this coin because of how few coins they will make per visit. Even with 24 ZTC per block, the users will demand its removal from the list for various reasons.
ZTC would have to be extremely over valued for this to be otherwise.
I am no longer worried about the multi pools raiding this coin because of how few coins they will make per visit. Even with 24 ZTC per block, the users will demand its removal from the list for various reasons.
ZTC would have to be extremely over valued for this to be otherwise.
Please go to reddit and vote up the ZenithCoin request to include in coinedup. http://www.reddit.com/r/CoinedUp
Give me a legitimate reason to, and I will.
When will the 1000 ghash go online ?
HT xD
Because if you don't, then there's no way to cash out.
The 1000 ghash promo has been suspended for lack of interest.
With statements like that, the only thing being 'cashed out' here is your reputation.
HT xD
Importing the ZTC addy caused the Biticoin client to hang and eventually crash.
Tips ??
Tips ??
OK i know its a risk but i see it like this, IF this BTC PoS comes out clean it will generate value for both the coinholders and Zenithcoin itself. This coin is not "cryptsy friendly" i admit that but at the same time the options right now are endless compared to most if not all other coins. Large % of the accumulted coins by the foundation can be used for maybe more PoS rewards in Zenithcoins, rest can be sold upon exchange release and those funds could be used to aquire more BTC hashing power that generate more distributed PoS in the future or whatever, options are endless right now.
One thing is for sure and that is that this coin wont be pumped, dumped and then forgotten in 3-4 months.
Is it a risk investment hashing this coin!? Yes it sure is it but im confident the risk is ALOT lower then the folks that actually did buy AndroidsToken upon Cryptsy release.
Hydroponice your just fucked up calling sceptical miners for "blind support" and screaming scam, look at your own track record, you know others like you know yourself they say...
One thing is for sure and that is that this coin wont be pumped, dumped and then forgotten in 3-4 months.
Is it a risk investment hashing this coin!? Yes it sure is it but im confident the risk is ALOT lower then the folks that actually did buy AndroidsToken upon Cryptsy release.
Hydroponice your just fucked up calling sceptical miners for "blind support" and screaming scam, look at your own track record, you know others like you know yourself they say...
There are more options for income generation in the future.
We are working on an exchange.... so expect additional revenue from exchange fees.
OK i know its a risk but i see it like this, IF this BTC PoS comes out clean it will generate value for both the coinholders and Zenithcoin itself. This coin is not "cryptsy friendly" i admit that but at the same time the options right now are endless compared to most if not all other coins. Large % of the accumulted coins by the foundation can be used for maybe more PoS rewards in Zenithcoins, rest can be sold upon exchange release and those funds could be used to aquire more BTC hashing power that generate more distributed PoS in the future or whatever, options are endless right now.
One thing is for sure and that is that this coin wont be pumped, dumped and then forgotten in 3-4 months.
Is it a risk investment hashing this coin!? Yes it sure is it but im confident the risk is ALOT lower then the folks that actually did buy AndroidsToken upon Cryptsy release.
Hydroponice your just fucked up calling sceptical miners for "blind support" and screaming scam, look at your own track record, you know others like you know yourself they say...
One thing is for sure and that is that this coin wont be pumped, dumped and then forgotten in 3-4 months.
Is it a risk investment hashing this coin!? Yes it sure is it but im confident the risk is ALOT lower then the folks that actually did buy AndroidsToken upon Cryptsy release.
Hydroponice your just fucked up calling sceptical miners for "blind support" and screaming scam, look at your own track record, you know others like you know yourself they say...
I understand that I can make more, mining straight BTC, and, you don't get half my mining efforts going into your wallet, to get dumped should this scam coin ever hit an exchange.
Forum postwhore troll with "excellent" trust screams scam, its stated quite clearly in several threads and on the webpage how block shares are distributed, its no big secret.
Imagine if it was a scam of epic proportions why even introduce a PoS like this, why not keep the bitcoins in the first place, sometimes it help alot to think a little longer then your nose reaches.
Some DEV`s & community`s actually think a little more long term then the average life span of random coin introduced on this forum.
Im new to this coin, i admit im taking a risk mining it, as i do with almost any altcoin.
If you dont like it, dont mine it, a simple solution - go mine ADT, TEC or any other coin of the future you might prefer today tomorrow you jump on the next one
He's paying people BTC, to mine the coin, because he gets 50% of every block mined, straight into his wallet. If it were to ever hit Cryptsy, he stands to make much more BTC then he will be paying out, when he dumps those coins. Is it really that complicated?
You still don't get it do you? When sells their shares in an IPO, do they sell on the shares? No, they keep a big percentage with the folks who are in the company. Yes, I am paying folks to mine the coin. Isn't that what all the exchanges do? They pay for coins that are mined by miners I am saying, if you hold on to ZTC, you get BTC shares from a 1 terahash miner that we've acquired.
These terahash miners don't come cheap. I'm sacrificing that hash power to promote this coin.
Simple economics.
If you don't think this is a bargain, then don't bother mining.
However, if you look at all those pump and dump coins at cryptsy... you'll quickly realize that almost all of them has lost 90% of their value since they were released. They will lose another 90% of their value in the next 3 months. That's because most of their devs have abandoned ship and are now promoting yet another coin.
Zenithcoin by contrast has ignored the pump and dump route and focused solely on creating value for its coin holders.
Thanks anyways, but I'm not a big fan of koolaid. I, like everyone else, hated your scam coin, the minute it was released, and re-released, with your 50% taxation, and your invite only premining period, and I still hate it now. If noobs, who were not here for the shady release, and attempted take over of ZTC, want to blindly support ZTC, what the fuck ever.
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