[ZEC] ZCASH - All coins are created equal. Discussion Thread (Unofficial)

[CryptoMaik]

funny thing now, with current price, it's like we are mining bitcoin directly

We advice not to buy any ZEC coins at the moment, the coin is overpriced and represented not the real coin value.

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[Amph]

funny thing now, with current price, it's like we are mining bitcoin directly

We advice not to buy any ZEC coins at the moment, the coin is overpriced and represented not the real coin value.

i don't buy shitcoin, i only dump them for btc

[Redrose]

So from now, I earn less than 10$ a day with my 970, my 1070, my G1820 and my i5-3570k. So I gave up mining. It was fun, I made about 0,15BTC in about 24 hours, nice.

[matejbilahora]

Not worth to mine this, insane high diff in just two days, lost my investment in there. For that you will need some sort of asic mining at least 50kh/s to make profit.

[pastapaska]

So from now, I earn less than 10$ a day with my 970, my 1070, my G1820 and my i5-3570k. So I gave up mining. It was fun, I made about 0,15BTC in about 24 hours, nice.

Great profit, big whales made more than hundreds btc from this ztrash, the most nortorious scam I have seen.

[Duchess]

I really wonder why Polo listed Zcash on day one and so many people lost their money with only a few making super profits. There are other really legit coins that they do not want to add?

[CryptoMaik]

So from now, I earn less than 10$ a day with my 970, my 1070, my G1820 and my i5-3570k. So I gave up mining. It was fun, I made about 0,15BTC in about 24 hours, nice.

In the beginning of Crypto we also mined coins for profit...later with powerfull special hardware but now those days we only POS staking some coins for profit (Like Decred and some other coins).

but the last few years we can make a lot more profit with trading older "stable" coins (age 1 year>).
With trading in the proper coins you can double your wallet balance in 1 or 2 months!


Maybe become ZEC ZCASH a good trade currency next year...We will see...

[Redrose]

So from now, I earn less than 10$ a day with my 970, my 1070, my G1820 and my i5-3570k. So I gave up mining. It was fun, I made about 0,15BTC in about 24 hours, nice.

In the beginning of Crypto we also mined coins for profit...later with powerfull special hardware but now those days we only POS staking some coins for profit (Like Decred and some other coins).

but the last few years we can make a lot more profit with trading older "stable" coins (age 1 year>).
With trading in the proper coins you can double your wallet balance in 1 or 2 months!


Maybe become ZEC ZCASH a good trade currency next year...We will see...

I don't like PoS coins, as I need some knowledge that I don't have to choose the coin. Also, it is riskier than mining.

[LemonAndFriesOne]

ZEC below 1 BTC within the next few hours...was so nice that withdraw was done manually for this coin and not automatically at all other coins when you mine at suprnova... but of course when you own the full supply...


1. Miners are mining ZEC
2. Report having problems with withdraw will do it manually.
3. Ocminer was working all night.

Real story:

1. Miners are mining ZEC.
2. Ocminer took all the coins and transfer to Poloniex and all other exchanges
3. Dumped miners coins as 3299 - 1000 - 500 - 25 - 10 BTC per coin
4. Buyback coins at around 10 BTC per coin
5. Send coins back to his site to payout the miners reward from step one
6. Counting his profit he made on dumping all the coins that miners created in point 1.


So basically it was the biggest scam ever!!! NEVER, I repeat NEVER there was a problem with withdraws on Suprnova!!!! Always automatically, NEVER ONE SINGLE PROBLEM!!! NEVER!!!! and now there is this problem.... I would say do your own investigation but I think the real story is true.

PS: Who created this thread.... No other mining pools on OPs.... Biggest coin but only one mining pool?

Edit: Maybe someone needs to investigate this based on the block explorer... was there a big withdraw from SuprNova?  But the problem is that he won't be that stupid to do it in big withdraws as he knows how to scam.

this sounds about right

[jc12345]

I highly doubt that ocminer was part of it. I think he just genuinely saw some interesting developments in the code (including equihash) and supported it with a thread and pool. The choice of not having a BCT thread was part of the dev's strategy to create an "elite" atmosphere to make it look like the coin is something special. I think ocminer fell for it just like everyone else.

Things will normalize soon when moneysupply kicks in and the smoke disappears and people will see Zcash for what it is.

[CryptoMaik]

Not worth to mine this, insane high diff in just two days, lost my investment in there. For that you will need some sort of asic mining at least 50kh/s to make profit.

What do you think: al mining contracts for example Genesis Mining (and other large mining companies) are sold out, those companies have their hash power focused on zcash right now.

Is Zcash (and Bitcoin) decentralized?
No, those large mining companies control most of the mining power.
This makes a POW coin worthless for the future.

[VanDeinsberg12]

ZEC below 1 BTC within the next few hours...was so nice that withdraw was done manually for this coin and not automatically at all other coins when you mine at suprnova... but of course when you own the full supply...


1. Miners are mining ZEC
2. Report having problems with withdraw will do it manually.
3. Ocminer was working all night.

Real story:

1. Miners are mining ZEC.
2. Ocminer took all the coins and transfer to Poloniex and all other exchanges
3. Dumped miners coins as 3299 - 1000 - 500 - 25 - 10 BTC per coin
4. Buyback coins at around 10 BTC per coin
5. Send coins back to his site to payout the miners reward from step one
6. Counting his profit he made on dumping all the coins that miners created in point 1.


So basically it was the biggest scam ever!!! NEVER, I repeat NEVER there was a problem with withdraws on Suprnova!!!! Always automatically, NEVER ONE SINGLE PROBLEM!!! NEVER!!!! and now there is this problem.... I would say do your own investigation but I think the real story is true.

PS: Who created this thread.... No other mining pools on OPs.... Biggest coin but only one mining pool?

Edit: Maybe someone needs to investigate this based on the block explorer... was there a big withdraw from SuprNova?  But the problem is that he won't be that stupid to do it in big withdraws as he knows how to scam.

this sounds about right

The worst scenario and shit coin ever i seen in this day and totally.... Already scamming over 2 million dollar and jusr recycling their market volume and put into their scam mining pool again.... Absolutely a lot of my friend are lost over 2 btc caused by this shit coin..... And this my luck never joining for trading them LOL

[BitcoinNational]

Good luck all in confirming your suspicions. Zcash is an anon coin. It is dirty cash. You thought the Silk Road was bad? Get out the popcorn. I'm sure the FBI and INTERPOL will figure it out eventually.

ocminer is OP

w00t!
w00t!

[LemonAndFriesOne]

Zcash research and development center:

[BitcoinNational]

funny thing now, with current price, it's like we are mining bitcoin directly

We advice not to buy any ZEC coins at the moment, the coin is overpriced and represented not the real coin value.

i don't buy shitcoin, i only dump them for btc

respect Amph
respect!

[placebo]

ZEC below 1 BTC within the next few hours...was so nice that withdraw was done manually for this coin and not automatically at all other coins when you mine at suprnova... but of course when you own the full supply...


1. Miners are mining ZEC
2. Report having problems with withdraw will do it manually.
3. Ocminer was working all night.

Real story:

1. Miners are mining ZEC.
2. Ocminer took all the coins and transfer to Poloniex and all other exchanges
3. Dumped miners coins as 3299 - 1000 - 500 - 25 - 10 BTC per coin
4. Buyback coins at around 10 BTC per coin
5. Send coins back to his site to payout the miners reward from step one
6. Counting his profit he made on dumping all the coins that miners created in point 1.


So basically it was the biggest scam ever!!! NEVER, I repeat NEVER there was a problem with withdraws on Suprnova!!!! Always automatically, NEVER ONE SINGLE PROBLEM!!! NEVER!!!! and now there is this problem.... I would say do your own investigation but I think the real story is true.

PS: Who created this thread.... No other mining pools on OPs.... Biggest coin but only one mining pool?

Edit: Maybe someone needs to investigate this based on the block explorer... was there a big withdraw from SuprNova?  But the problem is that he won't be that stupid to do it in big withdraws as he knows how to scam.

I don't really want to make false accusations but there was something strange. First ocminer told that "...because of the nature of this coin.... manual payouts.." do you remember guys? Second: the automatic payouts worked very well on other pools ( at that time) Third: "Payouts are now working well" maybe "climate" change ))  
From my experience ( I've lost around 8,3 btc due of payouts delay ) I had to wait around 5-7 hours for my (confirmed) payouts... Anyway, I'll investigate more...

That is my point... he didn't earn any money lately... no POW coins, all ICO scams... so he took this opportunity and come up with a story... As I said, on other coins there were no problems at all... and now suddenly with ZEC they have to do manual payouts, lol.

[placebo]

funny thing now, with current price, it's like we are mining bitcoin directly

We advice not to buy any ZEC coins at the moment, the coin is overpriced and represented not the real coin value.

Of course, this coin will drop to maybe 10000sats... people that are buying this shit are stupid... there will be 12.5 ZEC rewards soon... do they really thing that one block is worth $10,000?

[ocminer]

ZEC below 1 BTC within the next few hours...was so nice that withdraw was done manually for this coin and not automatically at all other coins when you mine at suprnova... but of course when you own the full supply...


1. Miners are mining ZEC
2. Report having problems with withdraw will do it manually.
3. Ocminer was working all night.

Real story:

1. Miners are mining ZEC.
2. Ocminer took all the coins and transfer to Poloniex and all other exchanges
3. Dumped miners coins as 3299 - 1000 - 500 - 25 - 10 BTC per coin
4. Buyback coins at around 10 BTC per coin
5. Send coins back to his site to payout the miners reward from step one
6. Counting his profit he made on dumping all the coins that miners created in point 1.


So basically it was the biggest scam ever!!! NEVER, I repeat NEVER there was a problem with withdraws on Suprnova!!!! Always automatically, NEVER ONE SINGLE PROBLEM!!! NEVER!!!! and now there is this problem.... I would say do your own investigation but I think the real story is true.

PS: Who created this thread.... No other mining pools on OPs.... Biggest coin but only one mining pool?

Edit: Maybe someone needs to investigate this based on the block explorer... was there a big withdraw from SuprNova?  But the problem is that he won't be that stupid to do it in big withdraws as he knows how to scam.

this sounds about right

The worst scenario and shit coin ever i seen in this day and totally.... Already scamming over 2 million dollar and jusr recycling their market volume and put into their scam mining pool again.... Absolutely a lot of my friend are lost over 2 btc caused by this shit coin..... And this my luck never joining for trading them LOL

Honestly guys, you should get a life with all your conspiracy theories.. this was probably the reason why ZEC didn't decide for a Post here - too much negative posts.

When you look at the OP's date you'll notice it was posted long ago when ZCASH was testnet only and yes, suprnova was the first stratum enabled pool for ZEC at this point. At this time, I believe it was with "beta1" or so, mining was tested and developed on testnet, withdrawals were also basically tested .. 1-2 payments per day and those were working too.

However, there were lots of issues with ZEC too, just check their issues on github: (https://github.com/zcash/zcash/issues) Payments in that scope like after launch couldn't be tested at all, in peak times I had over 1000 cashout requests per hour and coin simply rejected a lot of them, since it's an anonymous coin payments are done in a special way and not as simple as in bitcoin.

When I saw the first payments failing with all kind of different error messages I asked the devs for help, you might want to check Slack's log for that at https://zcashcommunity.slack.com/messages/zcash-dev/ but they remained silent until the next morning so I had to figure out myself what was going wrong.
It turned out that certain (very big) transactions won't get included in the mined block when certain circumstances are met. Some other pool op had a similar problem and opened a ticket for that on github as well: https://github.com/zcash/zcash/issues/1705
This was adressed quickly from my side but due to the nature of having several thousand payments failed and you couldn't tell automatically which one indeed failed as you had to verify with the blockchain I ended up staying up all night and go through every payment the pool sent. Some went through flawlessly while others failed and needed to be re-sent ... Problem here was that the daemon simply "took away" the funds and didn't release them until I did a full rescan, which was not possible on the live wallet as there were still payments ongoing (needed to be mined and if I shutdown the daemon the mempool gets flushed) - so I had to rescan on a separate machine/separate wallet and send the unspent funds again back to the main wallet etc..
It was a nightmare.. if you're interested in proof, just go through the thread here: https://forum.z.cash/t/suprnovas-zcash-pool-zec-suprnova-cc/ you can see the timestamps of the posts.

I know there will always be some "nay" sayers with ridiculous claims here but I'm not willing to just let that be said, especially not when so much work was involved like in this launch - Maybe you should also check all the other pools, Suprnova was the first pools who enabled payments AT ALL ! Check the Mining Section here: https://bitcointalk.org/index.php?board=160.0 and you can see other still haven't been paid ...

Thanks for your patience, back to your tinfoil hats !

Oh and placebo, Kris, my old friend, how's it going with your ICO shitcoin stuff lately ? Especially YOU should be the most silent person at all here

[usefree]

Mining Zcash Ubuntu CPU, GPU, zcash.flypool.org
Complete step-by-step manual for complete dummies.
https://steemit.com/blockchain/@usefree/mining-zcash-ubuntu-cpu-gpu-zcash-flypool-org

[disconnectme]

Mining Zcash Ubuntu CPU, GPU, zcash.flypool.org
Complete step-by-step manual for complete dummies.
https://steemit.com/blockchain/@usefree/mining-zcash-ubuntu-cpu-gpu-zcash-flypool-org

Thanks for the tutorial, nice work and breakdown. I will bookmark the page