I've read that many people believe that Zetacoin has a predominantly "1 year" mining schedule. I believe the Announcement is very misleading in this regards. Here are some facts.
The Zetacoin ANN states :
- Block reward: 1000 ZET, halving every 80640 blocks (about 1 month), not dropping below 1 ZET (inflationary)
- Total coin supply: 160 million ZET + small yearly inflation
- 160 million coins will be mined in around first year
Below are time stamps, blocks at change in mining reward and coin supply at those blocks.
As you can see around 50% (80.64 million ZET) were mined in the first 20 days back in August 2013.
"Most" of the coins were mined in the first 4 months. A total of 158,760,000 ZET or 98.38% of the CURRENT coin total.
Since February 17, 2014 the block reward for mining Zetacoin has been 1 ZET.
8/3/2013 4:56:26 PM (UTC) - Block 0 - Genesis Block
8/3/2013 7:06:29 PM (UTC) - Block 1 - Reward 1,000
8/23/2013 3:28:21 PM (UTC) - Block 80,640 - Reward 500 - Coin supply 80,640,000
9/13/2013 3:03:26 PM (UTC) - Block 161,280 - Reward 250 - Coin supply 120,960,000
10/4/2013 5:25:38 PM (UTC) - Block 241,920 - Reward 125 - Coin supply 141,120,000
10/25/2013 11:16:24 PM (UTC) - Block 322,560 - Reward 62.50 - Coin supply 151,200,000
11/15/2013 4:38:04 AM (UTC) - Block 403,200 - Reward 31.25 - Coin supply 156,240,000
12/3/2013 3:37:16 PM (UTC) - Block 483,840 - Reward 15.625 - Coin supply 158,760,000
12/22/2013 9:26:09 AM (UTC) - Block 564,480 - Reward 7.8125 - Coin supply 160,020,000
1/12/2014 7:17:31 AM (UTC) - Block 645,120 - Reward 3.90625 - Coin supply 160,650,000
2/2/2014 12:15:45 AM (UTC) - Block 725,760 - Reward 1.953125 - Coin supply 160,965,000
2/17/2014 9:00:37 PM (UTC) - Block 806,400 - Reward 1 - Coin supply 161,122,500
Current coin supply: 161,367,440 ZET (Block 2,073,022 - 12/14/2014 7:55:07 AM (UTC))
Why the focus on Zeta? What about coins such as RZR which were mined in less than 2 weeks? Or is this more of a personal beef with one individual?