So we don't even need to give you the ZTC? Just hold it, and recieve BTC? Like POS type deal?
Yes, you hold the ZTC. It is like a bond. Holding it entitles you to a share of mining.
Yes, like PoS, however you get BTC instead.
Topic: Get BTC Mining Shares by... wait for it... mining ZTC - page 3. (Read 6464 times)
Yes, you hold the ZTC. It is like a bond. Holding it entitles you to a share of mining.
Yes, like PoS, however you get BTC instead.
So we don't even need to give you the ZTC? Just hold it, and recieve BTC? Like POS type deal?
Difficulty has increased by 10 fold since announcement 8 hours ago.
Best time to accumulate coins is when difficulty is low!
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.
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