Post
Topic
Board Announcements (Altcoins)
Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community!
by
gimmezeit
on 20/03/2014, 14:19:09 UTC
when the pos starts and how it works? How much do u really get from mining with 1mh/s in 24h at todays stats?

There have been many, many postings about how it works, please feel free to either search back a few pages (thus also learning more about our community) or use the forum search function.

I stopped mining Zeit a few days ago, worked out I would end up with +50% more Zeit by mining Doge & buying Zeit with the proceeds. This also increases the DEMAND for the coin without increasing the SUPPLY thus better for future growth.

I have enough Zeit in my wallet that minting (PoS) will be MASSIVELY better than mining  - by a factor of maybe 6 or 7 THOUSAND times.

If you have 10 million in your wallet you will get 2.5 million through minting in year one. That's an average of 6,850 per day. After week 6 you'll be lucky to get a coin or two per day through mining (depending on the network hashrate).

Effectively, that 10 million in your wallet will be operating as a 6.8 GIGA hash rig, but without the electricity costs.

GET ZEIT INTO YOUR WALLET & KEEP THEM THERE!

A nice way to look at it.  Thanks for crunching a few numbers. Its a good argument for the coin. Smiley