★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 452.

solarion

hero member

Activity: 966

Merit: 513

Quote from: Bluemustang on April 13, 2014, 11:42:42 AM

Quote from: solarion on April 13, 2014, 11:32:22 AM

Seriously guys do a tiny bit of reading.

Your hashes are going to wafflepool. Wafflepool is a multipool that's mining multiple coins and converting your hashes into btc and sending them to zeitpool. Zeitpool will then use the btc to buy zeitcoin on mintpal and send the zeit to you.

I think i get how its working now. But that particular mechanic wasnt clearly explained in the zeitpool writeup. A paragraph on how it works would alleviate a lot of concerns. So rather than "seriously guys" some explanation would be more useful.

I believe from looking how it works is wafflepool eventually turns my hashes into btc then whoever has control of the zeitpool server or however its done that determines who gets paid in zeit will manually sell my btc for zeit and send to my zeitcoin associated wallet.

Good thing I did both then eh? Tongue

Peace. I may have just had too much coffee.

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

Quote from: coradan on April 13, 2014, 11:10:58 AM

Somebody with more or less 270 mill ZEIT has the wall at 5 satoshis. He moved it from 4 to 5 sat, minutes ago. I think that he is the same person all this time...

Price control to avoid huge spike before pool gets to buy cheap for early adopters.

Bluemustang

member

Activity: 147

Merit: 10

Quote from: solarion on April 13, 2014, 11:38:31 AM

Yeah, pretty happy so far. I've made some real stinker investments by jumping on whatever train was rolling. This time I just went for something that seemed well managed/presented and paid a decent return(25%). I'm only investing in PoS coins at this point with btc diff climbing and fiat exchange rates dropping like a rock. The power company doesn't take bitcoin. Cry

Indeed i was quite surprised and happy to see we've already made it to 5sat.

Though cryptsy prices are behaving differently now. Before it was slightly more profitable to buy/sell on cryptsy (because breaking it up into smaller ltc prices the bid/ask spread is comparatively lower) now cryptsy is less profitable. Just shortly ago cryptsy was at 194 latoshi which is about the same as mintpal at 5 sats. Now they just plunged to 155ish latoshi and put up some fairly large walls between that and 190s. Also with a whole row of .05 sells. to seperate the larger walls.

Someones working hard to keep the price down. I wonder why.

But the 4sat buy wall is thin. Move your buys from the 3 wall to the 4 wall guys.

bumblebee33

full member

Activity: 168

Merit: 100

Quote from: solarion on April 13, 2014, 11:38:31 AM

Yeah, pretty happy so far. I've made some real stinker investments by jumping on whatever train was rolling. This time I just went for something that seemed well managed/presented and paid a decent return(25%). I'm only investing in PoS coins at this point with btc diff climbing and fiat exchange rates dropping like a rock. The power company doesn't take bitcoin. Cry

Me too. I lost more than 5 BTC with EAC. I also only seek out PoS coins. They will generate new coins by themselves - especially with summer coming soon.

Bluemustang

member

Activity: 147

Merit: 10

Quote from: solarion on April 13, 2014, 11:32:22 AM

Seriously guys do a tiny bit of reading.

Your hashes are going to wafflepool. Wafflepool is a multipool that's mining multiple coins and converting your hashes into btc and sending them to zeitpool. Zeitpool will then use the btc to buy zeitcoin on mintpal and send the zeit to you.

I think i get how its working now. But that particular mechanic wasnt clearly explained in the zeitpool writeup. A paragraph on how it works would alleviate a lot of concerns. So rather than "seriously guys" some explanation would be more useful.

I believe from looking how it works is wafflepool eventually turns my hashes into btc then whoever has control of the zeitpool server or however its done that determines who gets paid in zeit will manually sell my btc for zeit and send to my zeitcoin associated wallet.

solarion

hero member

Activity: 966

Merit: 513

Yeah, pretty happy so far. I've made some real stinker investments by jumping on whatever train was rolling. This time I just went for something that seemed well managed/presented and paid a decent return(25%). I'm only investing in PoS coins at this point with btc diff climbing and fiat exchange rates dropping like a rock. The power company doesn't take bitcoin. Cry

awais3344

sr. member

Activity: 308

Merit: 250

wow so zeit is going up and up. for the first time i did a good investment. but coinex shat on it Sad

shijilal

member

Activity: 112

Merit: 10

Quote from: Bluemustang on April 13, 2014, 11:25:55 AM

Umm guys i just finally got a payment from waffle, at least according to their site i did.

2014-04-13 15:20:13 0.00262294 985c82a64d0b03492e9623300a2c238fd5c882609d31f06298d706d688af71c8

Thats a payment in bitcoins, this is supposed to be paid out in zeitcoins. Whats going on?

I did as it said on zeitpool.zeit-coin.com I put in my zeitcoin address and it gave me a bitcoin address to use in cgminer.

I got no payouts in zeitcoin so if it paid out in bitcoin to the address it told me to use that was generated from putting in my bitcoin address....That isnt even my bitcoin address its what they provided me.

Advice?

Don't worry,as they previously said it's a manual process.. So will take time and you will get it as ZEITCoins to your ZEITCOIN Address.

ddwy758

full member

Activity: 121

Merit: 100

Quote from: ydrogios on April 13, 2014, 11:26:30 AM

Quote from: solarion on April 13, 2014, 11:15:43 AM

Yeah I got a payout from wafflepool too. Grin

The paid was made in your bitcoin wallet??

ZEIT should be his wallet!

solarion

hero member

Activity: 966

Merit: 513

Quote from: ydrogios on April 13, 2014, 11:26:30 AM

Quote from: solarion on April 13, 2014, 11:15:43 AM

Yeah I got a payout from wafflepool too. Grin

The paid was made in your bitcoin wallet??

Negative. That'd be impossible as I don't control the btc wallet that was used to do the mining. It was assigned to me by zeitpool.

solarion

hero member

Activity: 966

Merit: 513

Seriously guys do a tiny bit of reading.

Your hashes are going to wafflepool. Wafflepool is a multipool that's mining multiple coins and converting your hashes into btc and sending them to zeitpool. Zeitpool will then use the btc to buy zeitcoin on mintpal and send the zeit to you.

ydrogios

sr. member

Activity: 434

Merit: 250

Quote from: solarion on April 13, 2014, 11:15:43 AM

Yeah I got a payout from wafflepool too. Grin

The paid was made in your bitcoin wallet??

Bluemustang

member

Activity: 147

Merit: 10

Umm guys i just finally got a payment from waffle, at least according to their site i did.

2014-04-13 15:20:13 0.00262294 985c82a64d0b03492e9623300a2c238fd5c882609d31f06298d706d688af71c8

Thats a payment in bitcoins, this is supposed to be paid out in zeitcoins. Whats going on?

I did as it said on zeitpool.zeit-coin.com I put in my zeitcoin address and it gave me a bitcoin address to use in cgminer.

I got no payouts in zeitcoin so if it paid out in bitcoin to the address it told me to use that was generated from putting in my bitcoin address....That isnt even my bitcoin address its what they provided me.

Advice?

solarion

hero member

Activity: 966

Merit: 513

There be whales in them there waters! Shocked

he-man

full member

Activity: 128

Merit: 100

I see my 1 sat investment is paying off

was gonna push some more at 4 sat but looks like I dont have to .

solarion

hero member

Activity: 966

Merit: 513

Yeah I got a payout from wafflepool too. Grin

coradan

hero member

Activity: 518

Merit: 503

Somebody with more or less 270 mill ZEIT has the wall at 5 satoshis. He moved it from 4 to 5 sat, minutes ago. I think that he is the same person all this time...

qiwoman

sr. member

Activity: 294

Merit: 250

That's great news. I just bought half a million Zeits..I guess i lose the ones in cryptocrap so had to get in and buy a few..

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

Pool received a payout from waffles .. ... Bitcoins sent to you: 0.03157773

GO GO GO !

I'm adding another 4MHs now I see it pays.

Max_Russia

newbie

Activity: 39

Merit: 0

5sat !!!!!!!!

Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 452. (Read 1009352 times)