Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 547. (Read 1009334 times)

Thanks for the replies so far. To answer the question about amounts, nothing really large yet. All four transactions are under 1300 Zeit each. But I do have a 400,000 Zeit receive transaction that will be maturing today. Hopefully something will happen with that. I just want to know that it is working right mostly.

Steve, just like with POW mining, there is a bit of luck involved with POS. So one person may open up their wallet and receive a stake almost instantly, while someone else may have to wait days or weeks.

I remember waiting many days to receive a stake from Peercoin, but with CACHecoin I received a stake after only a few hours.

It also depends on the amount of coins. If I understand it right, the more money you have mature for minting, the more chance you will make a block. Also, the more mature your coins are, the higher the chance. So what amount are you talking about?

Day 2, four receive transactions over 20 days old. Still no minting.  Not sure what the problem is. Wallet is unlocked. I updated wallet version yesterday to 1.0.1.0. WTH? I am relying on this minting to continue generating coins for me since the reward and block halvings are slowly making it unrealistic to CPU mine anymore. And I don't have any free money available to buy from the exchanges, as much as I would like to. Any thoughts on why I'm not minting? I had six receive transactions between the 2nd and 3rd of March, and then one send transaction on the 3rd of March. Is it possible that send transaction is causing the holdup right now? The first four receive transactions that have passed the 20 day mark are in greater total than the one send transaction. Not sure if that would help someone help me figure out what is going on.

Thank you very much, I will try

Open your wallet - Debug - Console and type:


your_passphrase must be the password that you used to encrypt your wallet...

And then leave your wallet open...  Your coins with more than 20 days old will generate blocks and your rewards...

I just introduced myself on the VertCoin thread:-

https://bitcointalksearch.org/topic/m.5854518

As I'm mining it now.

The maths say that it's definitely more efficient use of my hashpower to mine something else & buy Zeit, while the price is so ridiculously low.

Looking forward to start hammering down those sell-walls!

Have a great Sunday, everyone

Yes of course, noone says you have to abandon your day job.
At first you can only spend a couple of hours from your free time (monthly) to provide services. This would be extra income.
Secondly, you can ask let's say 70% of what you would normal ask in fiat.
So what you will be doing is sacrificing a small amount of your free time to help promote cryptocurrencies and what you believe they represent.
And who knows, if cryptos become a success you may benefit as an early adopter.
If they fail, you will only have lost time.

encrypted

Your wallet is encrypted or not?

Thank you.

how can I get the stakes?

Nope!

I am leaving PoW mining, here is why:

https://bitcointalksearch.org/topic/important-data-leaving-the-pow-mining-and-why-527427

PoS mining is the future!  With ZEIT of course!  

Can I get stake when I close my wallet and lock it?

Good Question. I'll contact ZEITCOIN today and find out if it was him or someone he knows.

who has registered the domain? dedicated forum coming?

The problem is, you can't change an adaption rate that fast.

Imagine you make $2000/month. 2000 ZEIT is barely over 1 cent. While it would be nice to look at things like that, people can't afford to switch like that, in order for that person to make their $2000 a month, they'd have to make 400,000,000 @ 1 satoshi, 200,000,000 @ 2 satoshi, and so on. Obviously that's not possible.

Even to cut that in half, at $1000/month, would be 200m/100m at current rates. Not going to happen. :/

By the way I got my first minted coins, right on time 
Zeitcoin wallet may not have a lot of features yet, but it is very stable and reliable.

I think the whole idea of cryptocurrency is to use it as a currency. Meaning that it has to be used for the exchange of goods and services.
Today all cryptocurrencies , including Bitcoin, are used as commodities. People use it as a mean to increase their "fiat wealth".
Investors just buy and sell in the hope that they will make fiat money.
Miners mine it and sell it to make money.
Even merchants that accept cryptocurrencies, simply set the prices according to the fiat exchange rate. They probably immediately sell the crypto in order to get fiat currency.

The real revolution is when people stop caring about fiat currency and start using crypto currency without thinking about the fiat to crypto exchange rate.

For example:
Normally an IT specialist can provide his services to companies for 1000euro per day.
If he was to provide his services for 1000 zeitcoins per day without thinking about the exchange rate, this would inevitably creating an upward pressure to the exchange rate of zeitcoins. If a lot of people did that, then inevitably the zeitcoin would reach euro parity...

I do realise that this is difficult to do at the moment because people need money to survive.
But it would be possible for people to provide services for a smaller price than they would in fiat. This would still help the coin gradually gain value. It needs years but it is possible.

I think a good start would be the people in the cryptoworld. We all have skills. Maybe we can offer some of our time for a smaller price in Crypto.It doesn't have to be only the developers that help the coin. We can all do it.

 What do you think?

Woooow,very good!!!