Thoughts on Zcash?

[Robertqueen2]

I knew it was a bad idea to buy. Did you see the price recently ? It's like 30% of the price you could have bought it for and they made such a big deal of it. Now buyers must enjoy their loss.  I hope not too many people bought in. 

I don't know what is the majority of buying at high price, I am monitoring it daily, the coin supply is increasing fast, because a lot of miners are working now due to the hype before the start of mining, therefore, it is original situation to see the price going down.

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[pereira4]

If you go to poloniex right now and look at the all time graph, you'll see that the price is staying rather flat, but that's due the massive spike.. that spike is going to make the all time graph look ugly forever unless it can reach 3000 BTC again which is not going to happen lol

We will see if it keeps going into stagnation or a new pump happens.

[nielsg]

Don't forget fee... On top of Founders Reward, with Claymire's, so now you're losing 12.5% of every KWH, so if it doesn't perform that much better than the new builds that strip out founders rewards too, once USERS/Miners and pools get the message and fork to remove the potential billion dollar windfall and migrate over I'd think it over...

This has turned over from open-source to leech-source coding. No better than choosing Windows over Linux... and Still, you can get a really really kick-ass OS and Desktop for FREE, and can skip the FEE paid Windows.

We need to get ZEC folks off suprnova and onto another mining pool that has accepted the fork/merge code request...

Already, not worth mining with drop in Bitcoin and Zec exchange rates vs bulk cheap spot-pricing for AWS compute and GPU mining. Use look at profit calculators... These fees strip out the profits, and even buying compute at 4 cents per hour no longer covers the costs... nor GPU at 26 cents per hour, forget mining contracts, they take even more profits.

I automated the profit calc, taking into account spot prices for those, and automatically turn on and turn off miners based on final, in pocket profits (I don't account for speculation that the price will increase or decrease, that's up to you) and right now, all my groups are OFF, and will remain so as long as BTC is less than $720 and Zec-BTC is less than 1.3 to 1.

Do the math yourself, carefully...... mining return is already negative, so its either you solo mine and hope to hit a block (might as well stick to BTC for that) or invest in a CD, it has greater ROI right now...

And that's only less than 10 days past release... ETH is better to mine, and doesn't have founders fee.

Yeah Yeah, I get the whole ZEC is a great thing argument, but on the whole, it doesn't add up. No alt-coins really do. Not with new limits on Fiat Exchance. And if you're iin the US, you also have to factor in the risk of improperly reporting the profits either on your corporate or personal income taxes, and that saps your return even further depending upon your effecive tax rate, or rick acceptance to be arrested for Tax-Evasion...

All in all, ZEC not worth if, unless you simply do it for the hobby, then maybe, still cheaper than dinner and a movie out if your alone...

note: I made NO personal attacks, YMMV and these are only my opinions based on actual cash flow caclulations verified by a CPA...

Good luck!

N

[pringles1901]

My thoughts on ZEC
Its just another Paycoin scam waiting to happen, the charts are much the same Paycoin $20 floor then next to nothing with a few Pumps & dumps in the middle
ZEC is exactly the same soon there will be bag holders all over the Crypto world & nobody will give a shit

Sad as fuck Crypto that so many people lose so much & nothing can be done to the robbing bastards that create the shit...lets face it 3000btc for one coin thats a joke in its self & then to fall to less than 1btc per coin sums up how bad Crypto is right now

Things liike this will ruin Crypto long term the Joe public will look back on scams like this & will not be interested in Crypto at all

[colombuszka]

This thing is (was) just a classic, well organized pump and dump.  Manipulated as f!ck..

[Videodrome]

This thing is (was) just a classic, well organized pump and dump.  Manipulated as f!ck..

easy to manipulate a coin with such low supply, what did you expect?

pump and dump? wellcome to crypto.

[AGD]

we must wait for 1~2 months if we see real value(price) of Zcash.

0.01 is what I expect

[Dabs]

November 30 is the last day of the slow mining start. Then give it the entire month of December 2016 to stabilize the coin's mining hash rates. We'll see the trading price after that, some time in January 2017.

[helloeverybody]

We all know there will always be a time when you will be a bagholder when you trade alt coins. But mostly your holding will be 10-even 1000 times bigger then the BTC balance you paid .  But with zcash we have alot of people who paid 2-3 btc per 1 zcash.    so they sit and look at the 1 zcash balance they have

that can not feel good.    what you guys think the bottom for this bullshit coin is?  i sa 0.002-0.004

Lol,

You should see my portfolio of altcoins and then decide if you still think most people will have value 10-1000 times more than the btc paid out for them.

I dont fancy bag holding zcash either so im not going near it, especially at the prices its at now. I cant see any profit to be made with this coin by holding but easy to lose money. Traders may have some luck on the swings but im not sure its worth it.

[Rupert Murdoch]

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

Your calculation needs to be prorated. It is pointless in any case, as market value determines the cost of mining not the reverse.

What does it mean by prorated?

[yefi]

What does it mean by prorated?

Considered proportionally. If a 120-day mining contract cost 0.125 BTC, and in say 5 days you mine 0.01047092, then your break-even is ( 0.125 / 0.01047092 ) * ( 5 /  120 ).

n.b. This calculation assumes a constant hash rate.

[CryptoKeeper802]

ZCash is the government's ploy to infect the cryptocurrency industry.  Read on, spread the word and warn others to stay away from ZCash for the sake of liberty, freedom and not letting those central bank scum have their way:

http://www.globalresearch.ca/zerocash-a-cryptocurrencys-deep-state-ties/5553661

[dinofelis]

ZCash is the government's ploy to infect the cryptocurrency industry.  Read on, spread the word and warn others to stay away from ZCash for the sake of liberty, freedom and not letting those central bank scum have their way:

http://www.globalresearch.ca/zerocash-a-cryptocurrencys-deep-state-ties/5553661

I'm a hard-core libertarian, but this is kind of ridiculous, honestly.   The ZCASH code is open source, the technology is published, and we all know the "troyan horse": the trusted setup.  ZCASH will not overtake bitcoin, and bitcoin will, whenever it starts to get big enough to interest global finance, be manipulated like gold is, simply because TPTB can print as much fiat as they want, and use that to buy and sell bitcoin (and other altcoins).   Given the "sound money" doctrine that bitcoin adheres to (finite supply), this makes this manipulation much easier for TPTB.  Their central banks can buy as much bitcoin as they want (with their own printed fiat), driving the prices to heaven and making people give up a lot of goods and services to obtain the few bitcoin that are not in the vaults of central banks ; when people have spend a lot of goods and services on it, central banks can dump bitcoin on them, buying all those precious goods and services for whoever is with the central banks (like states and big financial institutes), getting back the fiat that they printed.  To start a new cycle.
If you master the fiat emission, you can manipulate the course of every other collectible.  That's what is done with gold and (to a lesser extend) silver, and that's what will happen to bitcoin and other crypto too, if it starts getting worth while.

There's no need to intervene in the protocol or using back doors.  Fiat can manipulate crypto as much as they want, and the funny thing is that bitcoin enthusiasts will be dancing of joy if central banks start "accepting" bitcoin, not realizing that this is exactly how it will get manipulated.

No collectible can resist manipulation by a fiat-printing entity.

This is why a multitude of altcoins is in fact the best protection against that.  If people start hopping from coin to coin, and if new coins are regularly invented, then this kind of manipulation doesn't work, because there is then an elasticity in the money market which compensates the manipulation technique.  If a central bank has accumulated a lot of bitcoin, and then people leave bitcoin for what it is, and start using another coin, then the central bank's manipulation has failed, and is now a bag holder of a coin that nobody wants any more.

[loremipsum]

So, there's no way zcash keeps it's current value right? As has already been mentioned, there will be more zcash coming into the wild which will probably bring the value down a little bit.

What price is a good price to get in though? If it drops below 0.5 BTC is that a good time to get in?

Noo, 0.5 BTC is too high. Just wait until Jan/Feb 2017 and you ll see it will drop fast. I think it will keep dropping even after that, as more and more coins are minted; there will be increased supply so price will keep dropping. I dont find it impossible for it to drop even to 0.01 BTC

[cryptohunter]

So, there's no way zcash keeps it's current value right? As has already been mentioned, there will be more zcash coming into the wild which will probably bring the value down a little bit.

What price is a good price to get in though? If it drops below 0.5 BTC is that a good time to get in?

Noo, 0.5 BTC is too high. Just wait until Jan/Feb 2017 and you ll see it will drop fast. I think it will keep dropping even after that, as more and more coins are minted; there will be increased supply so price will keep dropping. I dont find it impossible for it to drop even to 0.01 BTC

impossible? probable more like. Even 0.005 will be a very respectable price for them settle at.

[paycum]

coin shows its true value on poloniex

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

absolutely disagree. there is a big difference in the "break even point" for miners and the real zec value.

most importantly is that a) about 214,000 zec is bought for only $4.6 per zec by the first investors, b) another 132,000 zec is bought for $15 per zec, and c) the amount of zec available will increase fast which lowers the price.

With current prices investors get a insanely high roi by selling coins, and dont forget about 20% of all mined coins go to the investors.

im not saying they will sell all, but you must be a crazy investor to not secure at least part of your giant earnings.

and value is always based on ask/demand. therefore looking at the above im prety sure real value for coming months will be somewhere around $25 - $50 usd or so, maybe $100-$250 over time in case it gets popular or when it gets hyped or pumped.

if i had to guess we will see a price of 0.05 and 0.1 btc sooner then you think.

[numismatist]

Noo, 0.5 BTC is too high. Just wait until Jan/Feb 2017 and you ll see it will drop fast. I think it will keep dropping even after that, as more and more coins are minted; there will be increased supply so price will keep dropping. I dont find it impossible for it to drop even to 0.01 BTC

impossible? probable more like. Even 0.005 will be a very respectable price for them settle at.

Looking at that "Ceremony" Hoax, supply is most probably infinite so 0.005 beeing a high figure. More like 0.00000001 or below.

[JeffBrad12]

coin shows its true value on poloniex

True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading.

absolutely disagree. there is a big difference in the "break even point" for miners and the real zec value.

most importantly is that a) about 214,000 zec is bought for only $4.6 per zec by the first investors, b) another 132,000 zec is bought for $15 per zec, and c) the amount of zec available will increase fast which lowers the price.

With current prices investors get a insanely high roi by selling coins, and dont forget about 20% of all mined coins go to the investors.

im not saying they will sell all, but you must be a crazy investor to not secure at least part of your giant earnings.

and value is always based on ask/demand. therefore looking at the above im prety sure real value for coming months will be somewhere around $25 - $50 usd or so, maybe $100-$250 over time in case it gets popular or when it gets hyped or pumped.

if i had to guess we will see a price of 0.05 and 0.1 btc sooner then you think.

Today ZEC keeps their chairs in the 0.45 and I just voted about your statement (+1) totally considering the supply and demand will show me a real evidence about the price will fall again. My hope the price will below of the ETH rate. that's will be more reasonable in my mind. 

[Ned Kelly]

I guess it's a race to the bottom and we'll see 0.1 by the end of this week.

[vicvip]

I guess it's a race to the bottom and we'll see 0.1 by the end of this week.

Very possible, yes. I'm shocked by each hour whenever Im looking at the trend.
I'm hoping that it'll increase, but it's just a dream