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

[Raja_MBZ]

Coinbase UK Dropping Support for Cryptocurrency Zcash

https://www.coindesk.com/coinbase-uk-dropping-support-for-cryptocurrency-zcash

Guys, tell me, please, ZecWallet - is this ZCASH official wallet, supported by ZCASH developers?
https://github.com/ZcashFoundation/zecwallet/releases
Is it as safe as BitcoinCore?

Yes, that repository belongs to the Github of ZCash foundation and ZCash foundation is made up of ZCash developers. It should be safe.

Thank !
And which addresses can I use, T or Z?
I used to read that using Z-addresses can cause problems.

Don't use Z addresses until and unless you really want to keep your balance private. Z-addresses are fairly difficult to handle.

Therein lies the problem, having both T and Z addresses:

(a) complex and error-prone
(b) kills privacy because people don't use stealth addresses

Not only that, these jokers forced you to move all your coins to T for sapling...
Long story short... ZEC has zero privacy = chainanalysis will expose everything...
ycash does not address any of this... sell into pump.

Down 25-30% versus BTC in 2 weeks since the Pump...
Devs have already drained $300-400 million and will draining this bitch to zero..
zk algos are ubiquitous on multiple platforms today (see something like self-replicating zk VMs with REN) 

Nice! You were quite accurate with your dump prediction on the YCash fork.

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[pinpins]

 
 You can mine ZCash at  autoexchange mining pool Zergpool.com at 0.5% fee. Please use following commands for different mining options
 
 Option 1 Auto coin switch by profitability within algorithm with payment to wallet

Code:

 -o stratum+tcp://equihash.mine.zergpool.com:2142 -u <YOURBTCWALLET> -p c=BTC 

 Option 2 Direct coin mining to coin wallet

Code:

 -o stratum+tcp://equihash.mine.zergpool.com:2142 -u <YOURZECWALLET> -p c=ZEC,mc=ZEC

 Option 3 Direct coin mining with autoexchange to specified coin wallet

Code:

 -o stratum+tcp://equihash.mine.zergpool.com:2142 -u <YOURBTCWALLET> -p c=BTC,mc=ZEC

 Please note mc stands for mining coin symbol, c stand for payout coin symbol
 
 Autoexchange to BTC, LTC, DASH, BCH or any other currency we mine
 Happy mining,
  cheers pinpin

[Aiwei052289]

Does Zcash dead? everyday is all time low for this coin.

[crypto_trader#43xzEXrP]

How to convert t-address to z-address?
Can I do this locally?
Is there any client-side tools to do this?

[mich]

Zcash Developer Electric Coin Co. Reveals Q1 Financial Loss

https://www.coindesk.com/electric-coin-company-lost-money-in-q1-but-avoided-layoffs?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

The Electric Coin Company (ECC), the for-profit company that supports the development of the zcash cryptocurrency has issued its Q3 transparency report, revealing it has so far avoided layoffs during the bear market despite financial losses.

According to the report, the company ran an average monthly deficit of 30 percent in Q1. The ECC took in $449,000 per month while expenses averaged $635,000.

[deebawriter]

Zcash seems to be a great project .. Recently I heard Electric Coin Company Exits ZCash Foundation Trademark Agreement..
https://btcmanager.com/electric-coin-company-zcash-foundation-trademark/?q=/electric-coin-company-zcash-foundation-trademark/&

[Texacha]

Zcash seems to be a great project ..

Yeah, I thought same 2 yrs ago.
And then I realized........

[Sirait]

Zcash seems to be a great project .. Recently I heard Electric Coin Company Exits ZCash Foundation Trademark Agreement..
https://btcmanager.com/electric-coin-company-zcash-foundation-trademark/?q=/electric-coin-company-zcash-foundation-trademark/&

this is good news.

I really hope that ZCASH returns to the price of $ 800 like last August 2018, because right now I'm HODL some ZCASH which I bought in August 2018

[mR.k0fka]

Zcash seems to be a great project ..

Yeah, I thought same 2 yrs ago.
And then I realized........

What did you realize exactly?
this project is great
i mean they are pioneers in the zero knowledge tech
backed by strong investors since the beginning
recognized in top exchanges (more than i personally expected)
i can find many good things to say about this project
the only "bad" thing is the price..
still not that bad in my opinion
the whole market suffers right now..

[Texacha]

Yeah, I thought same 2 yrs ago.
And then I realized........

What did you realize exactly?

....then I realized they are here only for the money and dev tax.

[Aiwei052289]

Before ZEC and Monero price is close to each other but  ZEC price is always ahead of Monero price before. But now ZEC is almost dying while Monero is going to reach coinmarket cap top 10. So sad....

[BorisTheBulletDodger]

zooko and his pals need to stop fucking dumping all their ZEC.

[lunobird]

zooko and his pals need to stop fucking dumping all their ZEC.

Could be the miners also. Zec miners have very weak hands and no patience to hold off for better days.

Quite a shame also because zcash tech is very innovative and improving with headline news.

But that's why only the smart few will make out well. Not all of us will

[Raja_MBZ]

zooko and his pals need to stop fucking dumping all their ZEC.

Could be the miners also. Zec miners have very weak hands and no patience to hold off for better days.

I'd not agree with that, due to the fact that the ASICs that are mining ZEC are way too efficient. With the current (low) value of ZCash, the Antminer Z11 is still making very solid $7.5 worth of ZEC every 24 hours, with about 1400 Watts of power. Even the rate of 10 cents for each kWh makes it look quite profitable.

[lunobird]

zooko and his pals need to stop fucking dumping all their ZEC.

Could be the miners also. Zec miners have very weak hands and no patience to hold off for better days.

I'd not agree with that, due to the fact that the ASICs that are mining ZEC are way too efficient. With the current (low) value of ZCash, the Antminer Z11 is still making very solid $7.5 worth of ZEC every 24 hours, with about 1400 Watts of power. Even the rate of 10 cents for each kWh makes it look quite profitable.

Exactly.  Since z11 is making very good profit compared to other miners. bigger mining operations are forced to sell to cover there operations and also take decent profit.  If i ran a medium- big operation, I would do this.

I don't think the small time miners with z9 minis would want to sell at these levels if your breaking even or even taken some losses. Why bother to sell if your losing money from it. Might as well hold for better days.

[Texacha]

I don't think the small time miners with z9 minis would want to sell at these levels if your breaking even or even taken some losses. Why bother to sell if your losing money from it. Might as well hold for better days.

If you have losses, then you switch off your machine and for the price of electricity buy more coins than you would mine.

[Aiwei052289]

This coin is massively undervalued for the price and supply imo. Massive upside potential here. Let us not forget what ZEC was trading for in Oct 2016. No coin has ever come on the market like that trading against BTC. This coin imo is truly shaking the crypt0 world up. Especially with the most recent development with "Halo"....

everyday is all time low.

[Raja_MBZ]

This coin is massively undervalued for the price and supply imo. Massive upside potential here. Let us not forget what ZEC was trading for in Oct 2016. No coin has ever come on the market like that trading against BTC. This coin imo is truly shaking the crypt0 world up. Especially with the most recent development with "Halo"....

everyday is all time low.

Maybe not anymore? LOL:

[Raja_MBZ]

[lestherat]

One of the things i like more from ZEC is that Zcash utilizes this ‘zero-knowledge proof’ in its core technology called zk-SNARKS

Due to its implementation of zk-SNARKS, there are two different types of Zcash addresses. T-address and Z-address. T-address means the address is transparent or public. Z-address means the address is private or hidden. The t-address works the same way with a wallet address in the bitcoin blockchain. All transactions are visible on the blockchain explorer. But, when you start utilizing the z-address, the public won’t be able to observe any information except during shielding and deshielding (where partial information can be revealed due to the involvement of a t-address).

T-address and Z-address of a wallet address are interoperable. So, ZEC coins can be sent from z-address to t-address and vice versa.


ZEC is one of the coins to hold for the future same with Monero and Dash, be sure to keep some in your bag.