Hi and sorry if my question could be stupid but i'm new in the cryptoworld.
I have downloaded the zeit wallet and i was accumultating them by buying on yobit and by faucet, but today when i opened the wallet i have found an incoming transaction of about 100 zeit with a green leaf and "mined" flag. isn't zeitcoin a full pos coin? and however i have never mined it. can someone explain me please. TY
Good News!!
You received your 1st stake, mined is just the terminology that was originally used since the 1st coins were PoW style, oddly enough the term mined has stuck for the time being. So most PoS coins still say mined when they staked a new coin. Personally , I look at it more like a Crop in Farming ,
ZEIT is planted in the wallet, and then 20 or more days later , the
ZEIT crop is ready to harvest and be replanted to repeat the process. Whenever you see the green leaf , it means you have some
ZEIT that is ready to stake.
Background :
Zeitcoin began life as a Scrypt PoS/PoW hybrid coin , but on May 9th, 2014 ,
Zeitcoin became a Fully PoS Coin.
Check the OP , you might find the info useful.
https://bitcointalksearch.org/topic/zeit-community-knights-ultra-low-inflation-micro-payments-487814Instructions on how to use Coin Control.
Zeit Tips on Syncing with the network
Zeit Tips on StakingHave we gone to 15% yet?
If so, and in any case when it does, the thread title needs updated.
Yep running at 15%, good point.