Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 841. (Read 1009280 times)

Thank you very much.  I PM'd you.

Yes lets hope this launch is one that gets it right the first time! I was part of that nightmare with max,,, what a fool I was to have wasted my time and effort,,, and electricity lol

Come on midnight!

Please PM me your email address that you registered with.

Give me your username or account id.  PM if you want to keep your login private.

I registered but it won't let me log in.  I attempted to reset my password and it says my email address is not registered.  I attempted to re register and it says my email address is already registered???

I am mining the shit out of this coin at launch. Zeitgeist boom love the movies.

Thank you! Looks like a great pool. Hope launch is smooth!

it's gonna be the greatest shitstorm since maxcoin =))) called it

I hope I got locked in at 0% earlier to! lol let me know?

I start my miner...

I wait to lauch...

Go, go Zeitcoin..

I learned a great deal of fundamental truths from the Zeitgeist films.  For all those banging on about socialism; the movement is not a socialist ideology it is more focused on sustainability which is something that is extremely important to the continuity of the human race.  If things carry on they way they are the planet is going to be dead but not before we see larger scale conflicts over resources.  I am not a socialist and I agree that socialism does not work. I subscribe to Bill Gates views on our current system of capitalism.  What he describes as selfish capitalism.  My view is that which is shared by Bill Gates and Warren Buffet in the context that governments and large corporations need to give back more for the betterment of the human race.  I support free trade, I support capitalism and the freedom that we enjoy under democratic societies.  I would just like to see a fairer system of capitalism where people can accept that enough profit is enough and there is no need for endless pursuit of profit.  In regards the money issue.  There always has to be a form of currency whether it is fiat money, commodity money, paper money.  The current monetary system is floored and collapse is inevitable.  A monetary system that is controlled by private companies who can generate money out of thin air and was designed to generate profit through never ending cyclical debt is doomed to catastrophic collapse and hyper inflation.  Anyone who contests that; speak to an economist and ask them why we are in the midst of a triple dip global recession.  Ask yourself why governments globally are currently recalling and hoarding their gold reserves since December 2013?  For example Germany retrieved $200bn of it's gold reserves from the USA, France and London in 2014.  Why the media are reporting that the US dollar may collapse in 2014 causing a global collapse of the monetary system?  These issues are one of the primary attractions for me to cryptocurrencies.  Digital currency is outside of the traditional monetary system and is a way of retaining something of percieved value that can be exchanged / traded / spent.  There are people who are investing in cryptocurrenies for exactly the same reason people invest in precious metals during times of economic turbulence.

I am in on Zeitcoin and good luck with the launch.  

Welcome

Ok, awesome. Expect 100+ Mh/s coming your way a bit after launch.

  refresh

We are expecting to have individual miners in the range of 10 to 30+ MH each so I think there is going to be a decent sized diff pretty fast which should give the smaller miners a little time to get shares submitted before you solve it. Its a prop payout system so every one will get paid for the portion they contribute (submitted valid shares).

I don't see any reason to limit an individual person on a prop payout. If you made up a large portion of the pool rate you would be finding most of the blocks but people would still get paid out of those blocks for their submitted shares.  The only time I have seen someone tell large hashrate individuals to leave the pool is because that pool has over 51% of the net hashrate which people try to avoid from happening.

First of all, what is P2Pool?
P2Pool is one huge, peer-to-peer pool based on the original coin protocol.
 
How does it work?
Miners connect to "Nodes" and all of the P2Pool "Nodes" connect to each other, forming one big pool.  

What are the advantages?  

• Your mined coins will be deposited directly into your wallet, they are never held by any pool "operator" and cannot be lost due to incompetence or fraudulent behavior.
• Node hash size doesn't matter. Even if you mine on a small node, blocks are found with the entire P2Pool network! You'll get the same payouts no matter how large or small the hash rates on your pool.
• You will get better rewards: P2Pools award transaction fees from black rewards to the miners.
• P2Pool is DDoS resistant, it is impossible to DDoS the entire peer-to-peer P2Pool network, at best all someone can do is knock a node offline, in which case your client will just switch to one of your failover nodes.
• You do not have to register on any pool sites, etc. all you need is a wallet address which you will use as your username, and your rewards will be paid directly into your wallet.
• Most P2Pool nodes have <1% fees, and if you want 0% fees, you can even set up your own node on your local network.
• Even if the node you are using goes down, you will not lose a single micro payment, as the network itself stores your pending rewards, and will distribute them to you as normal.

Are there any disadvantages?  

• It's not really a disadvantage, but it takes longer for you to receive useable coins as they have to mature in the blockchain before they can be awarded to you. Don't panic if you don't receive your rewards quickly, they will arrive!  
• You need at least 200kH/s to mine effectively on P2Pool.

Here's a few bits of info you should know about P2Pool before you start looking for nodes:

• It is normal to receive high rejection rates on P2Pool, P2Pool generates work a lot faster than regular pools and as a result you are going to end up with stale shares. All you need to do is ensure your current Reject % is equal to or lower than the P2Pool network average. (currently 24% rejects is the average). Having a reject rate lower than the average will allow you to profit off of other people's rejected shares. (Even more rewards, yay!)
• Your latency to your node matters a lot. High latency means you will have a higher reject rate. When you're looking for nodes you want to ensure that your ping is low.
• If you connect to a node with no miners currently using it (or a very small number) you will receive massive numbers of HW errors. Don't panic! This is because when a node first starts up, it sets the share difficulty to 0, after 1-2 minutes it will auto-adjust and you will stop receiving HW errors.

How can I find the closet P2Pool node?
Use Nodescanner: http://zeitscanner.qemulab.com/

Shameless Plug
My dedicated US-based P2Pool node:
http://zeit.crewdoginvesting.com:9188/static/  

Example:
cgminer --scrypt -o stratum+tcp://zeit.crewdoginvesting.com:9188 -u YourWalletAddress -p x  


Features:

• Low 1% fee
• Super fast servers based in New York, USA
• Beautiful customized front end
• Low ping

Romanian translation: https://bitcointalksearch.org/topic/--493268

Blog post: http://breekmd.wordpress.com/2014/02/28/zeitcoin-be-a-part-of-the-zeit-movement/

Just a little time left!