Topic: ★ ZEIT ★ [COMMUNITY &amp; KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 483. (Read 1009352 times)

Quote from: ydrogios on April 04, 2014, 06:53:12 AM

April 12 becomes pure POS?

No, it's within the next 36-40 hours, we're ahead of schedule because the minting hash power wasn't taken into account.

really? then we will see a surge of Mintpal

Well if the 3sat sell wall can be eaten and we can get the word out that POW is 1zeit/block then yeah, we might start seeing some movement. Personally, I'd start buying more now while they're cheap. It's what I plan on doing over the weekend.

[Edit] Lion, I miss read his original question but yeah, POW doesn't end, just drops to 1Zeit/block.

Are you in front of you wallet? If so, what's the current block number?

Now it`s on 117249

Thanks Ponch.

So at block 120960 we drop to 1/Zeit.

Currently 117249

3711 blocks to go.

30 seconds/block

3711/120 = 31 hours

So about 8pm [gmt] tomorrow we should drop to 1/zeit per block.

After that i believe we will see movement to our Great coin!!!!!!!!!!!!!!!!!!!!!!!!!And if Lions words come true then we have great perspective

Matni

full member

Activity: 126

Merit: 100

Quote from: Matni on April 04, 2014, 06:26:37 AM

Quote from: grumpytwat on April 04, 2014, 06:47:28 AM

April 12 becomes pure POS?

No, it's within the next 36-40 hours, we're ahead of schedule because the minting hash power wasn't taken into account.

really? then we will see a surge of Mintpal

Well if the 3sat sell wall can be eaten and we can get the word out that POW is 1zeit/block then yeah, we might start seeing some movement. Personally, I'd start buying more now while they're cheap. It's what I plan on doing over the weekend.

[Edit] Lion, I miss read his original question but yeah, POW doesn't end, just drops to 1Zeit/block.

Are you in front of you wallet? If so, what's the current block number?

Now it`s on 117249

Thanks Ponch.

So at block 120960 we drop to 1/Zeit.

Currently 117249

3711 blocks to go.

30 seconds/block

3711/120 = 31 hours

So about 8pm [gmt] tomorrow we should drop to 1/zeit per block.

Matni

full member

Activity: 126

Merit: 100

so does it go to 1 zeit/block in 40 hours or 12th april?

Within the next 40 hours

ydrogios

sr. member

Activity: 434

Merit: 250

My first 41204 minted coins are in wallet but n/a like everybody else Cheesy

grumpytwat

newbie

Activity: 8

Merit: 0

Quote from: grumpytwat on April 04, 2014, 06:47:28 AM

so does it go to 1 zeit/block in 40 hours or 12th april?

is there some kind of countdown somewhere?

ydrogios

sr. member

Activity: 434

Merit: 250

Quote from: Matni on April 04, 2014, 06:26:37 AM

April 12 becomes pure POS?

No, it's within the next 36-40 hours, we're ahead of schedule because the minting hash power wasn't taken into account.

really? then we will see a surge of Mintpal

Well if the 3sat sell wall can be eaten and we can get the word out that POW is 1zeit/block then yeah, we might start seeing some movement. Personally, I'd start buying more now while they're cheap. It's what I plan on doing over the weekend.

[Edit] Lion, I miss read his original question but yeah, POW doesn't end, just drops to 1Zeit/block.

Are you in front of you wallet? If so, what's the current block number?

Now it`s on 117249

grumpytwat

newbie

Activity: 8

Merit: 0

so does it go to 1 zeit/block in 40 hours or 12th april?

Matni

full member

Activity: 126

Merit: 100

April 12 becomes pure POS?

No, it's within the next 36-40 hours, we're ahead of schedule because the minting hash power wasn't taken into account.

really? then we will see a surge of Mintpal

Well if the 3sat sell wall can be eaten and we can get the word out that POW is 1zeit/block then yeah, we might start seeing some movement. Personally, I'd start buying more now while they're cheap. It's what I plan on doing over the weekend.

[Edit] Lion, I miss read his original question but yeah, POW doesn't end, just drops to 1Zeit/block.

Are you in front of you wallet? If so, what's the current block number?

LionOfNarnia

hero member

Activity: 938

Merit: 1000

Crypto-missionary to the Kingdom of Rhegged

April 12 becomes pure POS?

No, it's within the next 36-40 hours, we're ahead of schedule because the minting hash power wasn't taken into account.

AHEM.

Let's kill this fallacy. Once & for all time.

PoW DOES NOT end.

ZeitCoin will NEVER be "Pure PoS"

Mining will still be possible for decades to come. The only question is, will the price rise to the point where mining is still a desirable thing to do when the reward is 1 coin/block?

Here are my (simplified & estimated) 'beermat' maths on the subject...

At 1 Zeit/block, mining will give roughly 3 coins per Mh/s per day.

For it to be seen as desirable to mine, ignoring the benefits of PoS, it will need to be approximately as profitable as any of the 'top 20' coins. Right now that's only around $2.50 day, like it or not we are all tied to the performance of BitCoin.

So, on today's numbers, 1 Zeit would need to be worth around 80 cents to be profitably mine-able after it hits 1/block

With BitCoin @ $450 that's 0.001777 Btc/Zeit Shocked

So, do you still think it's sane to be even thinking about selling Zeit right now?

Those who do will feel as stupid & short-sighted as those who sold Btc when it hit a couple of dollars apiece, believe me!

ponch85

hero member

Activity: 609

Merit: 500

April 12 becomes pure POS?

No, it's within the next 36-40 hours, we're ahead of schedule because the minting hash power wasn't taken into account.

really? then we will see a surge of Mintpal

Matni

full member

Activity: 126

Merit: 100