Today is an interesting day for ZeitCoin and its community. I know we haven’t talked about it in a while, but we do what we can.
So why is today important you ask ? Today is the day that the block rewards for mining ZeitCoin drop to 1 ZEIT per block.
As you may know, the current block reward for ZeitCoin is variable, somewhere between 1 and a few tens of thousands ZEIT.
However, we have reached the “six week in existence” mark of ZeitCoin, and the only block reward after today will be 1 ZEIT per block.
This should, hopefully at least, increase the price of ZeitCoin on exchanges. Even though the price has tripled , from 1 satoshi to 3 satoshi over the past week or so, there could be another increase on the horizon.
There are a lot of ZEIT in circulation already at this point, so it’s all just speculation for now. You can never predict how the market will react to these changes unfortunately.
I am one of the people who mined ZeitCoin at some point and never sold their coins. My current wallet holds around 2,750,000 ZEIT, which isn’t even a big amount, and is worth 0.075ish Bitcoin at the moment.
I, as well as many others, would love to see the value of ZeitCoin reach at least 10 satoshi, but as stated before, it’s hard to predict at this point.
Regardless, it will be an interesting moment for ZeitCoin, and I’m curious to see how it will play out over the next few days.