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Author Topic: [ANN] Zcoin (XZC) - Implementing Zerocoin technology for financial privacy  (Read 458831 times)
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LTCMAXMYR
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July 17, 2017, 03:54:11 AM
 #4601

I can't understand from where are coming these huge amount of hashrate? XZC net hashrate grows very quickly. At the same time, profitability is very low, about 4 times lower than on most other altcoins.
So, this is a botnet, or what is it ??  Huh
77Gh net hashrate it's about 65K pcs gtx 1060 GPUs. Seriously??? and all these miners still mining this coin, while other altcoins offering 3x, 4x higher profit?? smells fishly

Two biggest pools have only ~ 23Gh hashrate! Where the rest net hashrate is sitting? Seems what the resh hashrate is HIGHLY centralised by SOLO miners (botnets)



it is ASIC miner,like DASH ,ASIC mining,and to da moon,just buy buy buy!!!!
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zcoinofficial
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July 17, 2017, 01:42:22 PM
 #4602

We are happy to announce that Torphop Korgtadam has been appointed to be a consultant for Zcoin in IT Security matters.

Torphop Korgtadam is Co-Founder of Creden and MHCON (Meet the Hackers). He has experience in the banking industry and has been appointed as Global Subject Matter Experts (GSME) for Cyber Security, End-Point Security, and Web Application Security. He consults and advises on matters in relation to IT audit and control and the management strategy of internal audits.

https://zcoin.io/team/

Zcoin: Implementing Zerocoin technology for financial privacy
zcoin.io
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FFI2013
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July 17, 2017, 07:38:15 PM
 #4603

Is anyone mining with 390/290s share your gadgetry thankd

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AND01
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July 17, 2017, 11:22:44 PM
 #4604

zcoin Wallet too original too antique, please re-design beautiful wallet
zcoinofficial
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July 18, 2017, 03:02:38 AM
 #4605

Quick Development Updates

From our testing, Zcoin's updated Bitcoin core 0.13 sync speed from scratch is about 6 hours which is a huge improvement. Testing Zerocoin functions at the moment.

Dev team decided that despite the benefits of 0.13, MTP migration will happen first before core upgrade improvements are deployed. The same goes with our libzerocoin upgrades and fixes. This is because MTP has a totally new block header structure so migration from the old block header structure needs some planning and we want to make sure that happens smoothly first before deploying too many fundamental changes especially one as big as Bitcoin core and libzerocoin. Migration to 0.13 will then open the way for deployment of Znodes.

Final MTP patch is in place. Will announce separate MTP bounty (not the same as a MTP miner dev competition) in the next few days to encourage scrutiny into MTP.

Zcoin: Implementing Zerocoin technology for financial privacy
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dasgardo87
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July 18, 2017, 03:43:31 AM
 #4606

I can't understand from where are coming these huge amount of hashrate? XZC net hashrate grows very quickly. At the same time, profitability is very low, about 4 times lower than on most other altcoins.
So, this is a botnet, or what is it ??  Huh
77Gh net hashrate it's about 65K pcs gtx 1060 GPUs. Seriously??? and all these miners still mining this coin, while other altcoins offering 3x, 4x higher profit?? smells fishly

Two biggest pools have only ~ 23Gh hashrate! Where the rest net hashrate is sitting? Seems what the resh hashrate is HIGHLY centralised by SOLO miners (botnets)



dude who have server with power 65K GPU? I dont believe someone can get that even from google cloud, aws or azure  without not getting attention from them, it's possible if ASIC, but please someone who have knowledge in that subject please enlgihten us whether it can be ASIC or something else
zuluking
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July 18, 2017, 12:56:54 PM
 #4607

As long as the devs are actively working and making progress on the project I'm a happy long term investor. Good job and keep it up!
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July 18, 2017, 04:18:16 PM
 #4608

Final MTP patch is in place.

Where?  Last commit here

https://github.com/zcoinofficial/zcoin/commits/merge-mtp

is 10 days ago.

Still waiting for this:

Poramin to release one more minor patch.

You may think it's minor, but any change that affects the consensus rules (and that includes every last detail of the PoW) is a big deal.

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Bitcoin address 1Pjs4aP2LpwcP1nBDUq9ivyFRABQtwZ8z7


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July 18, 2017, 10:44:56 PM
 #4609

Quick Development Updates

From our testing, Zcoin's updated Bitcoin core 0.13 sync speed from scratch is about 6 hours which is a huge improvement. Testing Zerocoin functions at the moment.

Dev team decided that despite the benefits of 0.13, MTP migration will happen first before core upgrade improvements are deployed. The same goes with our libzerocoin upgrades and fixes. This is because MTP has a totally new block header structure so migration from the old block header structure needs some planning and we want to make sure that happens smoothly first before deploying too many fundamental changes especially one as big as Bitcoin core and libzerocoin. Migration to 0.13 will then open the way for deployment of Znodes.

Final MTP patch is in place. Will announce separate MTP bounty (not the same as a MTP miner dev competition) in the next few days to encourage scrutiny into MTP.

Thank you for these good news :-).
Impatient for the final MTP version and Znodes.
Will Bittrex doing the wallet upgrade safetely or it is better to withdraw my ZCoin to my desktop wallet ?

The best way to make your firsts free bitcoins/satoshis (la façon la plus simple d'obtenir gratuitement vos premiers bitcoins/satoshis) : Moon Bitcoin (topic in english ou en français)
The easiest and speedest way to begin to mine (la façon la plus simple et la plus rapide pour commencer à miner) : Minergate
My Bitcoin address : 14NkiEKAfH31wKNgNjK7zD98M165qv7i12
zcoinofficial
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July 19, 2017, 02:16:36 AM
 #4610


Where?  Last commit here

https://github.com/zcoinofficial/zcoin/commits/merge-mtp

is 10 days ago.

https://github.com/zcoinofficial/zcoin/commit/0d1f1125050be9dd0528c56954efc113e211f66c

Don't look at merge-mtp that is merging it back to master but doesn't affect the MTP coding.

Zcoin: Implementing Zerocoin technology for financial privacy
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July 19, 2017, 09:56:54 AM
 #4611

I can't understand from where are coming these huge amount of hashrate? XZC net hashrate grows very quickly. At the same time, profitability is very low, about 4 times lower than on most other altcoins.
So, this is a botnet, or what is it ??  Huh
77Gh net hashrate it's about 65K pcs gtx 1060 GPUs. Seriously??? and all these miners still mining this coin, while other altcoins offering 3x, 4x higher profit?? smells fishly

Two biggest pools have only ~ 23Gh hashrate! Where the rest net hashrate is sitting? Seems what the resh hashrate is HIGHLY centralised by SOLO miners (botnets)



dude who have server with power 65K GPU? I dont believe someone can get that even from google cloud, aws or azure  without not getting attention from them, it's possible if ASIC, but please someone who have knowledge in that subject please enlgihten us whether it can be ASIC or something else



This is quite alarming although I don't think an ASIC is possible since the algo is very memory intensive, I might be wrong though.


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LBX
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July 20, 2017, 12:54:25 AM
 #4612

Can anyone support me
a28Nrpc14aB9FG7H5Ho1bef33GkgWiQKrN
Thanks

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Coin++
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July 20, 2017, 03:48:09 PM
 #4613

Hi dev,

Your coin is superb, it's clear for me and all the technical community.
But his price is very low compared to som other coins.
ZCoin should be in the TOP 5 of the crypto world.

When will you do marketing operations to promote ZCoin ?
Your work is fabulous but the technical community is not enough to push ZCoin "to the moon".

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July 20, 2017, 06:10:04 PM
 #4614

Hi dev,

Your coin is superb, it's clear for me and all the technical community.
But his price is very low compared to som other coins.
ZCoin should be in the TOP 5 of the crypto world.

When will you do marketing operations to promote ZCoin ?
Your work is fabulous but the technical community is not enough to push ZCoin "to the moon".

I agree, Zcoin deserves much better.

Zcoin is not recognized at its true value.

If marketing was of the same quality as technical development, Zcoin would be much higher!

I hope the Zcoin team is aware of this!

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galz2017
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July 20, 2017, 07:38:47 PM
 #4615

hi all!
does the wallet generator a scam ?
i saw it and i'm not sure if i can trust this site.
i hope someone here knows
thanks
https://paper.zcoin.rocks/
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July 20, 2017, 09:11:19 PM
 #4616

hi all!
does the wallet generator a scam ?
i saw it and i'm not sure if i can trust this site.
i hope someone here knows
thanks
https://paper.zcoin.rocks/
Zcoin.rocks is a fan-made page. It was created some time last year and I think it's no longer maintained (hence the dead links)
You can still use it as Zcoin's keys are still the same (and all a paper wallet generator does is generate a pair of private/public keys), but a newer generator can be found at http://paper.zcoin.ga/ (also not official, and currently without HTTPS, so use at your own risk)
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July 20, 2017, 11:09:37 PM
 #4617

I can't understand from where are coming these huge amount of hashrate? XZC net hashrate grows very quickly. At the same time, profitability is very low, about 4 times lower than on most other altcoins.
So, this is a botnet, or what is it ??  Huh
77Gh net hashrate it's about 65K pcs gtx 1060 GPUs. Seriously??? and all these miners still mining this coin, while other altcoins offering 3x, 4x higher profit?? smells fishly

Two biggest pools have only ~ 23Gh hashrate! Where the rest net hashrate is sitting? Seems what the resh hashrate is HIGHLY centralised by SOLO miners (botnets)



dude who have server with power 65K GPU? I dont believe someone can get that even from google cloud, aws or azure  without not getting attention from them, it's possible if ASIC, but please someone who have knowledge in that subject please enlgihten us whether it can be ASIC or something else



This is quite alarming although I don't think an ASIC is possible since the algo is very memory intensive, I might be wrong though.

Dev would you be so kind to give your opinion about this matter? I thought the new algo where supposed to make it not profitable for botnets to mine zcoin anymore and im not aware of any asics for zcoin seems highly unlikely, so how can this be? What do you think about this enormous hashrate?

DASH   FACTOM   MAIDSAFE   DECRED   BLOCKNET   NEO
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July 20, 2017, 11:27:58 PM
 #4618

I can't understand from where are coming these huge amount of hashrate? XZC net hashrate grows very quickly. At the same time, profitability is very low, about 4 times lower than on most other altcoins.
So, this is a botnet, or what is it ??  Huh
77Gh net hashrate it's about 65K pcs gtx 1060 GPUs. Seriously??? and all these miners still mining this coin, while other altcoins offering 3x, 4x higher profit?? smells fishly

Two biggest pools have only ~ 23Gh hashrate! Where the rest net hashrate is sitting? Seems what the resh hashrate is HIGHLY centralised by SOLO miners (botnets)



dude who have server with power 65K GPU? I dont believe someone can get that even from google cloud, aws or azure  without not getting attention from them, it's possible if ASIC, but please someone who have knowledge in that subject please enlgihten us whether it can be ASIC or something else


This is quite alarming although I don't think an ASIC is possible since the algo is very memory intensive, I might be wrong though.

Dev would you be so kind to give your opinion about this matter? I thought the new algo where supposed to make it not profitable for botnets to mine zcoin anymore and im not aware of any asics for zcoin seems highly unlikely, so how can this be? What do you think about this enormous hashrate?

lol, botnets were ALWAYS a part of this coin, remember the private investors who made this possible ? they wanted "aws cloud mining" to be #1 from the start, noone was mad they need to please investors, it's understandable.

ASICs? um no. look at the code ya nub, way too mem intensive for a TODAY asic ;p

 











 











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July 21, 2017, 07:11:20 AM
 #4619

Dev would you be so kind to give your opinion about this matter? I thought the new algo where supposed to make it not profitable for botnets to mine zcoin anymore and im not aware of any asics for zcoin seems highly unlikely, so how can this be? What do you think about this enormous hashrate?

The Lyra2z algorithm was meant to make it much less profitable for botnets to mine Zcoin since GPUs were viable and had some advantage over CPU. I don't think it has a lot of memory though especially when compared to the original algorithm.
Blake256 first round and Lyra2 (timecost = 8, r=c=8). Remember this was a placeholder algorithm.

Given that this is a transition algorithm that is due to be phased out when MTP comes along, it is pretty unlikely that an ASIC has been developed and plus we're a new coin in a rapid state of change.

Previously we were made aware of a sizeable private Nvidia GPU farm that was mining Zcoin since the Lyra2z switch on their own private pool but we really don't know if it's them.

The last I tried mining Zcoin with my Nvidias, it was less profitable than other coins but not THAT much so to make it unthinkable.


Zcoin: Implementing Zerocoin technology for financial privacy
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July 21, 2017, 07:14:41 AM
 #4620

Bounty for MTP Audit ($10,000) and MTP Implementation ($2,500)



We are announcing bounties for MTP audit and MTP implementation.

MTP (Merkle Tree Proof) is a new proof of work algorithm that was presented at the USENIX Security Symposium 2016 and has attracted substantial attention from the cryptocurrency and academic community. To further encourage research and scrutiny into MTP, we are sponsoring two bounties.

MTP Audit Bounty: 10,000 USD Total
MTP Implementation Bounty : 2,500 USD TOTAL

Deadline of submission is 30 September 2017 but remember it is better to submit early as duplicates are not rewarded.

Further information about rules and bounty distribution can be found in our blog post:
https://zcoin.io/bounty-mtp-audit-10000-mtp-implementation-2500/

Zcoin: Implementing Zerocoin technology for financial privacy
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