Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEIT] ZEITCOIN -- 5 EXCHANGES POW/POS 11 Ghs Nethash
by
Anonymousg64
on 08/03/2014, 05:35:44 UTC
zeitcoin block halving was supposed to happen 15 minutes ago, is it delayed?
does anybody know why?

current block height = 19845

7 * 2880 = 20160

20160 - 19845 = 315

315 / 60 / 2 = 2.625 hours

Does this now mean that it will be more diffucult to mine Zeit now and the price should slowly go up then if there are less ZEIT around yes? I see it is getting very popular and buy orders are always there for this coin now.

unlike DOGE, the supply will come in much slower
in less then 3 months 57% of DOGE's have been mined
it will take ~10+ years for ZEIT to get to 57%
for the time being you can expect 25%-32% during this year


the current rate of ZEIT per day is 2880 * 650000 = 1872000000
--PoS included from this point, assuming every coin is left to age and generate PoS blocks--
after week six it will be 17126167 ZEIT/day

thats a 1093 reduction in supply growth, even if you look at it from week six, it will still be a factor of 3.4
expect bigger factors when considering not all coins will be 100% PoSing