1,3 percent POS every 20 days. This is just superb. It looks like it works better than mintcoin (I mined that before Zeit), but I'm not sure if that is possible (as they probably have the same codebase).
Anyhow seeing the POS coming in is great.
From my personal experience, I saw that Mint has slight problems with Minting. The minting process is not as accurate as with ZEIT.
Whereas all of my mintings today with ZEIT were almost exactly after the sums aged for 20 days.
First time trying a POS coin and I really like the idea. I'm all set up with coins ready to go in my unlocked wallet. Sadly, today isn't the 20th day they've been in, still go a few days before that kicks in.
For mining post drop to 1 coin reward, did I read earlier in the thread it was expected to be 1000 Zeit/day for 1MH/s? And that if you had 10 Million Zeit that would be 6850 Zeit/day which would be equivalent of 6.85MH/s while minting in POS?
Are those numbers accurate or a complete guess on behalf of the poster?
You can calculate yourself: Take the sum of coins you have, multiply by 0.0684931 divide by 100. That is the payout for one day. You should multiply by 20 to get to the actual sum you acquire after every 20 days of minting. And by the way, those minted coins are also eligible for minting afterwards.
By the way, I don't think those numbers you read are accurate: If I mine today 2.4 Million ZEIT, then I get a PoS for them per day (actually need to be calculated for every 20 days - but just for the sake) of only 1643 ZEIT.
Additional -
After week 6, the reward is 1 Z/block, the blocktime is app. 30s so the total Zeit/day is 2*60*24 = 2,880
Thus your reward will be 2,880 / network hashrate * your hashrate per day.
The current net rate is 1.16 Gh/s so if you have 1.45 Mh/s (I do) that's 2,880/1,160,000,000*1,450,000 = 3.6 Zeit/day
Compare that with what you get from minting!
I don't know why they bothered with even incorporating that 1 Zeit block rate tho, which of course leads me to another question:
If the network rate goes down to, say 10 MH/s, what's to stop someone with a huge rig setup from pointing their rig at the coin and doing a 51%+ attack with relatively little hash power? What is the network strength of the rest of the community's wallets?
Granted, they get nothing from the mining, but some people are malicious and do things "just to see if they can" (at other people's expense of course). Presumably I think it's the wallets that would make up the massive bulk of the network strength.