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Author Topic: [ZEC] ZCASH - All coins are created equal. Discussion Thread (Unofficial)  (Read 125552 times)
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October 28, 2016, 06:28:47 AM
 #361

From which we will block the normal reward?
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October 28, 2016, 06:46:16 AM
 #362

From which we will block the normal reward?

34 days from the start.
Quote
WHAT IS SLOW-START MINING?

While we have taken every precaution (and subjected the code to security audits), we are unable to guarantee that the Zcash code is 100% free from bugs and security vulnerabilities. In order to minimize the impact of any unforeseen problems during the launch of Zcash, the amount of ZEC each time a block is mined will start at zero and gradually ramp up to 12.5 ZEC after 34 days.

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October 28, 2016, 07:31:37 AM
 #363

I’m a bit confused in how miner performance is being measured/captured here….Genesis advertises a speed in H/s, but OC's Windows CPU/GPU miner seems to measure in both “I/s” and “Sols/s”. Is there some way to standardize these measurements?  What do they mean and what do they represent?

Some benchmarks from me:
gtx980: 18.5 Sols/s
2x gtx750ti: 12.6318 I/s, 23.4121 Sols/s
17-5930k @ 4.5ghz (12 threads): 22.2304 I/s, 40.7416 Sols/s
Total: 42.6567 I/s, 80.19 Sols/s

Brainfuck(++++++++++[>+++++++>++++++++++>+++>+<<<<-]>++.>+.+++++++..+++.>++.<<+++++++++++++++.>.+++.------.--------.>+.)
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October 28, 2016, 07:41:41 AM
 #364

20% to Founders' Reward HuhHuhHuhHuhHuhShocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked

del
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October 28, 2016, 07:48:08 AM
 #365

20% to Founders' Reward HuhHuhHuhHuhHuhShocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked

del

Yeah it seems great project for the investors and founders.

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October 28, 2016, 09:01:55 AM
 #366

20% to Founders' Reward HuhHuhHuhHuhHuhShocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked

del

Quote
Zcash founders will make $858.916 per day without mining

In a previous post I outlined all the marketing/scamming tricks used by the Zcash founders to keep people in the dark. Today is launch-day and the futures indicate a $596 price tag per coin! What most people don’t know is that the founders will take 20% of all coins in the first four years of mining. And that’s without mining themselves! Feel free to check this part of their website to see what I’m talking about:

At first, 50 ZEC will be created every ten minutes. 80% of the newly created ZEC will go to the miners, and 20% ZEC to the founders. Every four years, the rate of ZEC being created will halve (again, just like in Bitcoin). After the first four years the ZEC created per ten minutes will drop to 25ⓩ, but after the first four years, 100% of it goes to the miners.


This text is literally from the Zcash website but you won’t find it on their frontpage. There’s no official Bitcointalk-page from the founders as well as it’s common to share details about pre-mining and rewards for devs/founders. Why are the devs/founders so silent about their rewards? Why is there no conversation about it on their forum? I made a screenshot of their forum so check it to see if you spot a topic about the 20% founder-reward. Here’s a link to their forum to see for yourself. But let’s look at the future price for ZEC again as there’s still no live trading. The price is 0.84 BTC at the moment. That’s $596,47 per ZEC. How does this play out for the founders? There will be 50 new coins every 10 minutes. That’s 300 per hour or 7200 per day. At the current price that’s $4.2 million in value every single day. The devs take 20% of that, without mining themselves.

The Zcash founders make $858.916,6 per day at the current price.

They have their total investment back in several days and from that moment they make an extreem amount of money after they did everything to hide these details from the rest of the planet. If prices stay at this level the ZEC marketcap will be reach $1,5 billion in 12 months. The founders own 20% of that which adds up to a number of $313,5 million. And that’s not even all as they get 20% of all mined coins in the first 4 years. That’s right, there’s a piece of code in the mining part of the software that forces all miners to “give” 20% of rewards to the founders. They don’t have to mine it themselves. Feel free to spread this article or ask the founders questions about the 20% on their forum, twitter or elsewhere. They won’t spread these details themselves as it would probably turn off a lot of excited tech people.

https://medium.com/@yobanjo/zcash-founders-will-make-858-922-per-day-without-mining-968b9dc9edee#.9ojkk4ozy

Here is page on Zcash-website with rewards:

https://z.cash/blog/funding.html
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October 28, 2016, 09:05:25 AM
 #367

Is any countdown for mainnet launch?
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October 28, 2016, 09:08:48 AM
 #368

Is any countdown for mainnet launch?
Unfortunately, nothing yet.
They put a picture with some of them still working on twitter like 4 hours ago.
No knows on twitter and forum since that time.

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October 28, 2016, 09:18:53 AM
 #369

Is it true? From FAQ:

Quote
the amount of ZEC each time a block is mined will start at zero and gradually ramp up to 12.5 ZEC after 34 days

So, no rewards on first blocks?
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October 28, 2016, 09:22:09 AM
 #370

From which we will block the normal reward?

34 days from the start.
Quote
WHAT IS SLOW-START MINING?

While we have taken every precaution (and subjected the code to security audits), we are unable to guarantee that the Zcash code is 100% free from bugs and security vulnerabilities. In order to minimize the impact of any unforeseen problems during the launch of Zcash, the amount of ZEC each time a block is mined will start at zero and gradually ramp up to 12.5 ZEC after 34 days.

Does it then really makes sense starting with mining from the first day since the rewards are in the first 34 days so small?
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October 28, 2016, 09:24:17 AM
 #371

From which we will block the normal reward?

34 days from the start.
Quote
WHAT IS SLOW-START MINING?

While we have taken every precaution (and subjected the code to security audits), we are unable to guarantee that the Zcash code is 100% free from bugs and security vulnerabilities. In order to minimize the impact of any unforeseen problems during the launch of Zcash, the amount of ZEC each time a block is mined will start at zero and gradually ramp up to 12.5 ZEC after 34 days.

Does it then really makes sense starting with mining from the first day since the rewards are in the first 34 days so small?
Why exchanges announced ZEC today? With this SLOW-START MINING there will no coins on markets.
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October 28, 2016, 10:02:02 AM
 #372

From which we will block the normal reward?

34 days from the start.
Quote
WHAT IS SLOW-START MINING?

While we have taken every precaution (and subjected the code to security audits), we are unable to guarantee that the Zcash code is 100% free from bugs and security vulnerabilities. In order to minimize the impact of any unforeseen problems during the launch of Zcash, the amount of ZEC each time a block is mined will start at zero and gradually ramp up to 12.5 ZEC after 34 days.

which actually mean that you can already earn long before 34 days time, since after two week it will be already 6 the reward
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October 28, 2016, 10:09:09 AM
 #373

So the wallets are out now???

 

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October 28, 2016, 10:24:00 AM
 #374

Good to hear Zcash will be available for trading at poloniex
good news.


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October 28, 2016, 10:27:24 AM
 #375

Be aware basically only 100 #zcash per 1-st day

https://twitter.com/ZET_mining/status/791848475025633280
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October 28, 2016, 10:44:57 AM
 #376

Good to hear Zcash will be available for trading at poloniex
good news.
I also want and wait for that to happen  Cool Cool Cool
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October 28, 2016, 10:45:27 AM
 #377

When does mining start?

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October 28, 2016, 10:49:56 AM
 #378

How to start minning?


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October 28, 2016, 10:51:27 AM
 #379

We're all waiting and watching github.. twitter... slack...

Soon (tm) Smiley

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October 28, 2016, 11:01:45 AM
 #380

We're all waiting and watching github.. twitter... slack...

Soon (tm) Smiley

Will you switch seamlessly from testnet to mainnet  or will the URL and ports change?

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