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Author Topic: [ZEC] ZCASH - All coins are created equal. Discussion Thread (Unofficial)  (Read 127030 times)
Dogeshop_eu
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October 28, 2016, 01:38:01 PM
 #401

Any pool established?
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October 28, 2016, 01:39:06 PM
 #402

suprnova down?
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October 28, 2016, 01:41:06 PM
 #403

suprnova down?

a bit slow but working

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October 28, 2016, 01:41:18 PM
 #404

any miners?
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October 28, 2016, 01:45:00 PM
 #405

This coin will go down as one of the most overhyped coins of the year.

Just my opinion  Roll Eyes Roll Eyes

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October 28, 2016, 01:45:56 PM
 #406

Most of maggots mining and/or viewing this asset as a good investment opportunity are short-terms opportunists who will always have a plausible disavowal that they have been misinformed from the very beginning of this shit fest, resulting in a greater feeling of self-defense shortly after the first money loss.

Sometimes reality check is indeed imperative:

Zcash founders will make $858.916 per day without mining

Quote
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.
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October 28, 2016, 02:05:17 PM
 #407

tesnet again on suprnova pool??
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October 28, 2016, 02:34:11 PM
 #408

Zcash countdown https://w2.countingdownto.com/1574436

...

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October 28, 2016, 02:40:07 PM
 #409

Bitmex only accept btc ,why i dont buy when zec cost 0.02 btc.
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October 28, 2016, 02:46:58 PM
 #410

https://z.cash/blog/new-release-candidate-final-snark-parameters.html

New Release Candidate: Final zk-SNARK parameters
Daira Hopwood | Oct 27, 2016

The Zcash team has been working to finalize the software for the launch of the Zcash blockchain. We are planning to make the launch release available on the morning (PDT) of 28th October, subject to any last-minute technical hitches.

Over last weekend the final zk-SNARK parameters were created in the Parameter Generation Ceremony. The transcripts and software used for the ceremony have been published, and we'll be making another post with more information on that very soon.

We encourage everyone to test this latest 1.0.0-rc4 release by following the Beta Guide. That will also make sure that you are able to run the software on your system, and have the zk-SNARK parameters (a ~910 MB download) ready for launch.

TWO RELEASES

As part of a strategy to reduce technical risk and to ensure auditability, we have made two releases within a day of each other. Most users should skip from 1.0.0-rc2 directly to 1.0.0-rc4.

1.0.0-RC3 - BUG FIXES AND DEPENDENCY UPGRADES

The intermediate 1.0.0-rc3 release included only bug fixes, and updates of libraries that Zcash depends on:

The node metrics screen added in the rc2 release caused a bug when the output was not directed to a terminal, which has been corrected. (#1612)
The version of Berkeley DB has been updated to 6.2.23. (#1637)
The tinyformat library was updated in order to mitigate a potential buffer overflow vulnerability. (#1640, #1349)
A fix for a minor potential race condition was backported from Bitcoin. (#1634)
A couple of portability problems with the fetch-params.sh script and the Debian packages have been fixed. (#1053, #1537, #1613)
We have eliminated an error-prone case and a confusing error message when spending part of a coinbase output (e.g. mining reward). As a consequence it is now necessary to spend coinbase outputs exactly so that there is no change; the node will not implicitly select a change address. (#1616)
Updates to documentation and examples. (#826, #965, #1152, #1154, #1643)
Network bootstrapping for mainnet. (#1369)
1.0.0-RC4 - ZKSNARK PARAMS AND FOUNDERS' REWARD ADDRESSES

The 1.0.0-rc4 release, which is the one now deployed on the testnet, made some final updates in preparation for the Zcash launch:

The zk-SNARK parameters have been updated to the ones created by the ceremony performed last weekend.
The Founders' Reward addresses for mainnet have also been updated.
For a more complete list of changes, see our 1.0.0-rc3 and 1.0.0-rc4 release github milestones.

IMMINENT LAUNCH

In the remaining time before launch, we will only make further changes if they are necessary to correct critical problems that would be an obstacle to Zcash launching successfully. If all goes to plan, the only thing remaining is the mainnet genesis block — the code is done!
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October 28, 2016, 03:01:25 PM
 #411

can anyone point me the exact time at which this will begin? also how the block reward will be scheduled? i know that it increase slowly, but by how much each day? the fact that this still don't have any official thread here disturb me a bit, it's a very hyped coin, but no official thread, very lame
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October 28, 2016, 03:04:08 PM
 #412

can anyone point me the exact time at which this will begin? also how the block reward will be scheduled? i know that it increase slowly, but by how much each day? the fact that this still don't have any official thread here disturb me a bit, it's a very hyped coin, but no official thread, very lame

Countdown clock is on suprnova pool.

https://zec.suprnova.cc


-tb-

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October 28, 2016, 03:07:11 PM
 #413

can anyone point me the exact time at which this will begin? also how the block reward will be scheduled? i know that it increase slowly, but by how much each day? the fact that this still don't have any official thread here disturb me a bit, it's a very hyped coin, but no official thread, very lame

Countdown clock is on suprnova pool.

https://zec.suprnova.cc


-tb-

Zcash forums

https://forum.z.cash
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October 28, 2016, 03:52:14 PM
 #414

Nicehash new miner_v0.3a has faster CUDA solver and experimental AMD support: https://github.com/nicehash/nheqminer/releases
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October 28, 2016, 03:57:15 PM
 #415

Nicehash new miner_v0.3a has faster CUDA solver and experimental AMD support: https://github.com/nicehash/nheqminer/releases

And also a facter CPU miner; Im getting 3x higher speed with my i7 2600 @ 3.4Ghz with the updated version compared to 5 days ago Smiley

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October 28, 2016, 04:13:41 PM
 #416

Live streaming launch

https://www.youtube.com/watch?v=O8QA6Nvg8RI&feature=youtu.be

cpuminer-opt developer, https://bitcointalk.org/index.php?topic=1326803.0
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October 28, 2016, 04:15:29 PM
 #417

I am amazed and it is also strange that no official announcement thread? Where i can buy zcash? why people 100% confident that zcash will be up?

just heard about zcash, any info will be highly appreciate.
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October 28, 2016, 04:19:16 PM
 #418

Patiently waiting for Suprnova  Roll Eyes

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October 28, 2016, 04:20:15 PM
 #419

Nicehash new miner_v0.3a has faster CUDA solver and experimental AMD support: https://github.com/nicehash/nheqminer/releases

And also a facter CPU miner; Im getting 3x higher speed with my i7 2600 @ 3.4Ghz with the updated version compared to 5 days ago Smiley
You mean v0.3a cpu miner is faster than v0.2a?

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October 28, 2016, 04:20:42 PM
 #420

Patiently waiting for Suprnova  Roll Eyes

My miner started accepting submitted shares now but suprnova still down. Wonder if mainnet is live now (wasn't accepting shares a few minutes ago)

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