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Title: Zcash under botnet!? Post by: Cryptotraider16 on November 07, 2016, 05:31:24 AM anybody hear and read..WTF..now price can hit real fast 100$ or even les..OMFG...not good for all who mine it...
Title: Re: Zcash under botnet!? Post by: vlom on November 07, 2016, 08:08:50 AM ??? what do you mean? that there is a bonnet cpu mining or what?
if yes, then this is like this cpu coins are a target for botnets. Title: Re: Zcash under botnet!? Post by: cryptohunter on November 07, 2016, 08:41:34 AM GPU miners will get more and more powerful over time.
Botnets just dump anyway so just another way to distribute the coins. Instead of you burning electricity buy up the coins cheaply on dips. Then again is zcash a good investment? who can say. Ask bcx to stop it or sell you some in bulk for a good price. Title: Re: Zcash under botnet!? Post by: NeuroticFish on November 07, 2016, 08:46:26 AM anybody hear and read..WTF..now price can hit real fast 100$ or even les..OMFG...not good for all who mine it... It will take some time to have really powerful botnet mining Zcash. If ever. And with the current decline of the price and growth of difficulty it may not even worth it. Coins like XMR are more stable and people say that the botnets already mine it for a long time. And then why change? It makes more sense to think that with the hype around Zcash everybody started to mine it and also it was hugely over-valuated at launch. Title: Re: Zcash under botnet!? Post by: HanSchultz on November 07, 2016, 10:20:07 AM GPU miners will get more and more powerful over time. I do have my doubts considering Zcash as a good investment ,when the dust settles down i expect a value less than $50 in my opinion and it all depends upon big time investors who are planning to invest big time in Zcash mining. i will consider buying this at a later time rather than jumping in.Botnets just dump anyway so just another way to distribute the coins. Instead of you burning electricity buy up the coins cheaply on dips. Then again is zcash a good investment? who can say. Ask bcx to stop it or sell you some in bulk for a good price. Title: Re: Zcash under botnet!? Post by: Cryptotraider16 on November 07, 2016, 04:21:02 PM price keep go down...something is not ok...
Title: Re: Zcash under botnet!? Post by: glerant on November 07, 2016, 05:35:51 PM price keep go down...something is not ok... You aint seen nothing yet! When the rewards normalise the price will settle around .01 IMHO. Then will be a long accumulation phase followed by an almighty pump! As for botnet - of course, it's a high value CPU POW coin. Title: Re: Zcash under botnet!? Post by: Umister on November 07, 2016, 07:28:42 PM anybody hear and read..WTF..now price can hit real fast 100$ or even les..OMFG...not good for all who mine it... It will take some time to have really powerful botnet mining Zcash. If ever. And with the current decline of the price and growth of difficulty it may not even worth it. Coins like XMR are more stable and people say that the botnets already mine it for a long time. And then why change? It makes more sense to think that with the hype around Zcash everybody started to mine it and also it was hugely over-valuated at launch. The Monero is a know botnet coin for long time. It is more efficient to mine it with the CPU than the GPU. Title: Re: Zcash under botnet!? Post by: topesis on November 07, 2016, 07:34:00 PM anybody hear and read..WTF..now price can hit real fast 100$ or even les..OMFG...not good for all who mine it... It will take some time to have really powerful botnet mining Zcash. If ever. And with the current decline of the price and growth of difficulty it may not even worth it. Coins like XMR are more stable and people say that the botnets already mine it for a long time. And then why change? It makes more sense to think that with the hype around Zcash everybody started to mine it and also it was hugely over-valuated at launch. The Monero is a know botnet coin for long time. It is more efficient to mine it with the CPU than the GPU. With all the hype and the initial pump the news of botnet is a bad business for Zcash developers, they should have anticipated this and tried to prevent this from happening Title: Re: Zcash under botnet!? Post by: Febo on November 07, 2016, 07:37:22 PM anybody hear and read..WTF..now price can hit real fast 100$ or even les..OMFG...not good for all who mine it... It will take some time to have really powerful botnet mining Zcash. If ever. And with the current decline of the price and growth of difficulty it may not even worth it. Coins like XMR are more stable and people say that the botnets already mine it for a long time. And then why change? It makes more sense to think that with the hype around Zcash everybody started to mine it and also it was hugely over-valuated at launch. The Monero is a know botnet coin for long time. It is more efficient to mine it with the CPU than the GPU. Way more Moneros is mined with GPU then with CPU. Average GPU mine way more Monero then average CPU. But also average CPU uses less electricity then average GPU to mine coins. With all the hype about ZCash and the initial pump the news of botnet is a bad business for Zcash developers, they should have anticipated this and tried to prevent this from happening All coins that are asic resistant and can be mined by CPU are also mined with botnets That is nothing new and there is nothing bad about it and botnet mining will be here forever. Title: Re: Zcash under botnet!? Post by: raphma on November 07, 2016, 07:38:12 PM botnet or not, it's in slow mining process... the price will decline until december so if you're mining sell it fast, if you're a investor, dont buy it now.
PS:c'mon... 100$ for a new coin? use your brain... it's going deeper. Title: Re: Zcash under botnet!? Post by: Febo on November 07, 2016, 07:41:49 PM botnet or not, it's in slow mining process... the price will decline until december so if you're mining sell it fast, if you're a investor, dont buy it now. PS:c'mon... 100$ for a new coin? use your brain... it's going deeper. $100 is way less then $1,750.000 as people were paying first day. What did those people think? If people that pay $100 are stupid, then those that paid over a milion are insane. Title: Re: Zcash under botnet!? Post by: Cryptotraider16 on November 07, 2016, 08:29:21 PM botnet or not, it's in slow mining process... the price will decline until december so if you're mining sell it fast, if you're a investor, dont buy it now. PS:c'mon... 100$ for a new coin? use your brain... it's going deeper. $100 is way less then $1,750.000 as people were paying first day. What did those people think? If people that pay $100 are stupid, then those that paid over a milion are insane. but its loook its go down to 100$..some even say 20-30$..but i do not believe so low...but now 12.6k coins out..but next month there will be 60k out if i am not wrong...so more sale pres happen... Title: Re: Zcash under botnet!? Post by: dinofelis on November 08, 2016, 12:01:33 PM $100 is way less then $1,750.000 as people were paying first day. What did those people think? If people that pay $100 are stupid, then those that paid over a milion are insane. ... unless they were the people selling the coins to themselves, of course... This crazy price to me is an indication of market manipulation. No-one in his right mind would ever have paid more than a million dollars for a coin that is fresh. But if you hold a ZEC and you hold 3000 BTC, then why not buy your own ZEC with your own BTC and have the price charts explode (with the hope that another idiot is going to buy your coin later at $100, instead of the initially planned $15 or so) ? Title: Re: Zcash under botnet!? Post by: dinofelis on November 08, 2016, 12:02:44 PM but its loook its go down to 100$..some even say 20-30$..but i do not believe so low...but now 12.6k coins out..but next month there will be 60k out if i am not wrong...so more sale pres happen... The *market cap* is declining. http://coinmarketcap.com/currencies/zcash/ Title: Re: Zcash under botnet!? Post by: Dassi on November 08, 2016, 01:49:12 PM ... unless they were the people selling the coins to themselves, of course... This crazy price to me is an indication of market manipulation. No-one in his right mind would ever have paid more than a million dollars for a coin that is fresh. But if you hold a ZEC and you hold 3000 BTC, then why not buy your own ZEC with your own BTC and have the price charts explode (with the hope that another idiot is going to buy your coin later at $100, instead of the initially planned $15 or so) ? What a fantastic business plan! I never once thought along those lines. Quite ideal for the big whales - which I'm not ;D Title: Re: Zcash under botnet!? Post by: Cryptotraider16 on November 08, 2016, 01:54:39 PM $100 is way less then $1,750.000 as people were paying first day. What did those people think? If people that pay $100 are stupid, then those that paid over a milion are insane. ... unless they were the people selling the coins to themselves, of course... This crazy price to me is an indication of market manipulation. No-one in his right mind would ever have paid more than a million dollars for a coin that is fresh. But if you hold a ZEC and you hold 3000 BTC, then why not buy your own ZEC with your own BTC and have the price charts explode (with the hope that another idiot is going to buy your coin later at $100, instead of the initially planned $15 or so) ? YES all true,they play games with price..but guys be ready they will pump again..they have money..its just question who all will believe and buy... but right now its look like its will be like i say few days ago.0.2 btc...;) Title: Re: Zcash under botnet!? Post by: Vaccinus on November 08, 2016, 02:06:12 PM no unless there is a botnet of gpu and i don't think i never heard about any, botnet is used for cpu usually, so you are looking at the wrong thing
Title: Re: Zcash under botnet!? Post by: Makinson on November 08, 2016, 02:38:29 PM no unless there is a botnet of gpu and i don't think i never heard about any, botnet is used for cpu usually, so you are looking at the wrong thing The ZCash is more efficient to mine with the CPU, so it will be controlled by botnet sooner or later if not now. Title: Re: Zcash under botnet!? Post by: Cryptotraider16 on November 08, 2016, 05:34:14 PM no unless there is a botnet of gpu and i don't think i never heard about any, botnet is used for cpu usually, so you are looking at the wrong thing The ZCash is more efficient to mine with the CPU, so it will be controlled by botnet sooner or later if not now. its already now! Title: Re: Zcash under botnet!? Post by: Lomperd1 on November 08, 2016, 07:48:34 PM no unless there is a botnet of gpu and i don't think i never heard about any, botnet is used for cpu usually, so you are looking at the wrong thing The ZCash is more efficient to mine with the CPU, so it will be controlled by botnet sooner or later if not now. its already now! Indeed its already now and I think that is already saying enough, its not good at all and it will be pumped and dumped soon or later.. Title: Re: Zcash under botnet!? Post by: The Dude on November 08, 2016, 11:20:28 PM I don't like to point fingers, but check out how many machines this guy has mining on flypool http://zcash.flypool.org/miners/t1P1erFYQGQXnAopiuKJjkfy5i69Taf35gt
Title: Re: Zcash under botnet!? Post by: Tmdz on November 09, 2016, 03:43:10 AM no unless there is a botnet of gpu and i don't think i never heard about any, botnet is used for cpu usually, so you are looking at the wrong thing The ZCash is more efficient to mine with the CPU, so it will be controlled by botnet sooner or later if not now. It will take time for the hackers to accumulate a large botnet network to mine on Zcash and there are other coins like xmr that possibly already have a large botnet, since they have been around for a long time. So it will probably happen over time, I mean there are probably botnets on every coin but as gpu mining becomes more effective then it will be a non issue. Title: Re: Zcash under botnet!? Post by: Snorek on November 09, 2016, 07:13:16 AM I don't know what people expected here. Do you honestly thought that $1300+ price per token is gonna stay?
ZCash is altcoin with slow start, which means with time block reward will increase (instead of decreasing like BTC) and that will additionally decrease value of coin. Slow start + only GPU, CPU mining is the design of Zcash. Of course that people would be exploiting this. Title: Re: Zcash under botnet!? Post by: Umister on November 17, 2016, 07:27:50 AM I don't know what people expected here. Do you honestly thought that $1300+ price per token is gonna stay? ZCash is altcoin with slow start, which means with time block reward will increase (instead of decreasing like BTC) and that will additionally decrease value of coin. Slow start + only GPU, CPU mining is the design of Zcash. Of course that people would be exploiting this. You are right. The ZCash price is below $100 now. If the trend continues, the price will be below $50. Title: Re: Zcash under botnet!? Post by: SubZero.Cash on November 17, 2016, 07:48:57 AM Yeah, it's really stupid decision to select cpu friendly hashing algorithm for POW! Botnets it's only one of possible problems, it also could to be attacked by rented cheap cloud.
Be realistic! Very soon 7245 ZEC per day will be mined. So even in case 50$ per ZEC it means over 360k$ emission every day. Who will buy out all this amount? So I think price could easily go lower. Title: Re: Zcash under botnet!? Post by: Makinson on November 20, 2016, 02:23:45 PM Yeah, it's really stupid decision to select cpu friendly hashing algorithm for POW! Botnets it's only one of possible problems, it also could to be attacked by rented cheap cloud. Be realistic! Very soon 7245 ZEC per day will be mined. So even in case 50$ per ZEC it means over 360k$ emission every day. Who will buy out all this amount? So I think price could easily go lower. I agree with that. In the last few days, there will burst of very high hash rate. That could be from the botnet testing. Title: Re: Zcash under botnet!? Post by: MHopkins on November 20, 2016, 03:35:25 PM no unless there is a botnet of gpu ........ ROFL ;D I wouldn't put it past the bot controllers to hijack a video rendering farm or a big game studio. Title: Re: Zcash under botnet!? Post by: Shiroslullaby on November 20, 2016, 04:16:43 PM There was a fairly large botnet mining Monero at one point, so a botnet mining Zcash would not be surprising.
Most miners are picked up as viruses, but since Zcash is so new, most compiled miners wouldn't be picked up yet. That would be another reason to choose Zcash for this type of operation. (Save time by using an already tested/ established miner without having to re-compile.) Title: Re: Zcash under botnet!? Post by: vlom on November 20, 2016, 05:19:32 PM Yeah, it's really stupid decision to select cpu friendly hashing algorithm for POW! Botnets it's only one of possible problems, it also could to be attacked by rented cheap cloud. Be realistic! Very soon 7245 ZEC per day will be mined. So even in case 50$ per ZEC it means over 360k$ emission every day. Who will buy out all this amount? So I think price could easily go lower. what algo would you chose then? BTC-mining-farms are like botnets. or even worse. Title: Re: Zcash under botnet!? Post by: Khazeter on November 20, 2016, 05:20:50 PM There was a fairly large botnet mining Monero at one point, so a botnet mining Zcash would not be surprising. Most miners are picked up as viruses, but since Zcash is so new, most compiled miners wouldn't be picked up yet. That would be another reason to choose Zcash for this type of operation. (Save time by using an already tested/ established miner without having to re-compile.) The Monero is still mined by the botnet at the moment. That is the reason why the price is still quite low. Title: Re: Zcash under botnet!? Post by: arielbit on November 21, 2016, 02:43:20 AM I have a feeling, OP will pull leocoin up his sleeve in this thread (as usual) and people posting here will stop posting and leave this thread (like the other threads) ;D
Title: Re: Zcash under botnet!? Post by: Armstand on November 21, 2016, 02:06:36 PM I have a feeling, OP will pull leocoin up his sleeve in this thread (as usual) and people posting here will stop posting and leave this thread (like the other threads) ;D It does not matter. Most people will buy the ZCash more than the Leocoin. although ZCash is not investable now. Title: Re: Zcash under botnet!? Post by: Teraboy on November 21, 2016, 02:23:41 PM I don't know what people expected here. Do you honestly thought that $1300+ price per token is gonna stay? This shit totally was becoming a shit soon. Are you think there is some wish or chance for them get pump over one btc again? ZCash is altcoin with slow start, which means with time block reward will increase (instead of decreasing like BTC) and that will additionally decrease value of coin. Slow start + only GPU, CPU mining is the design of Zcash. Of course that people would be exploiting this. If you don't think about healing itself back to the worth over 1 btc each, and I don't either. Title: Re: Zcash under botnet!? Post by: Red Fish on November 21, 2016, 04:05:20 PM Zcash currently is only 56 USD, and price is going down in last week. After checking market I do not see, that price can go to 100 USD. See latest Zcash price and historical changes here - https://coinmarketcap.com/currencies/zcash/.
Title: Re: Zcash under botnet!? Post by: Ayers on November 21, 2016, 05:54:35 PM Yeah, it's really stupid decision to select cpu friendly hashing algorithm for POW! Botnets it's only one of possible problems, it also could to be attacked by rented cheap cloud. Be realistic! Very soon 7245 ZEC per day will be mined. So even in case 50$ per ZEC it means over 360k$ emission every day. Who will buy out all this amount? So I think price could easily go lower. we are talking about zcash not zcoin, and zcash has a gpu friendly algo not cpu, so botnet here can not work, unless you do aws instances with gpu, but they are not worth it like cpu, if i remember right Title: Re: Zcash under botnet!? Post by: Cryptotraider16 on November 21, 2016, 06:45:46 PM zcash will soon hit 20$..... now time to sale asap and wait 20$ price...+ some other alt coin coming with same tech stuff zcash have but that other alt coin have alot more other better stuff zcash can never have..future is great..but zcash price will crash
Title: Re: Zcash under botnet!? Post by: iamnotback on November 21, 2016, 08:52:27 PM Zcash is potentially attackable by botnets and rented hashrate attacks. Presumably Komodo is not!
I am not vouching for @jl777's implementation of the concept. Haven't had time to check his code. Neither of those even with millions of users (and especially if you expect them to be on mobile) will be sufficient to secure the chain against powerful attackers such as botnets with gaming rigs and hijacked Amazon EC2 or other VPS cloud accounts. I also suggest these two References from my (yet unpublished) white paper:
Also (even unprofitable) mining on CPUs enables 51% rented hashrate attacks (https://bitcointalk.org/index.php?topic=1558366.msg16929306#msg16929306)! Kiss Monero's (and Zcash's) ass goodbye if they don't get an ASIC implementation. Komodo might possibly be a better bet because @jl777 adopted my suggestion (https://bitcointalk.org/index.php?topic=1662871.msg16941760#msg16941760) to use Bitcoin's blockchain for security. Title: Re: Zcash under botnet!? Post by: Adelajda on November 22, 2016, 06:49:40 AM zcash will soon hit 20$..... now time to sale asap and wait 20$ price...+ some other alt coin coming with same tech stuff zcash have but that other alt coin have alot more other better stuff zcash can never have..future is great..but zcash price will crash I am not convinced that Zcash will hit this price.Not any time soon anyway. Title: Re: Zcash under botnet!? Post by: Armstand on November 27, 2016, 08:46:54 AM zcash will soon hit 20$..... now time to sale asap and wait 20$ price...+ some other alt coin coming with same tech stuff zcash have but that other alt coin have alot more other better stuff zcash can never have..future is great..but zcash price will crash I am not convinced that Zcash will hit this price.Not any time soon anyway. The price dropped to $50 a few days ago. But it has since rebounded. The price is quite stable around $90 now. |