[ANN] Firo (FIRO) - Implementing ZKP privacy without trusted setup

[Boriss]

Just another Bitcoin fork with applied changes made by someone else. The Zero knowledge whitepaper it's based upon was made by the ZEC (Zcash) team (university professors) which didn't even use it for their own coin (ZEC) and went on instead of using ZkSnarks. So this Thai kid just forks BTC, uses their research and creates Zcoin. It's nothing special, won't ever see a wider adoption. ATM bunch of the coins are locked up in Znodes (masternodes which require 1000 coins) and the parasites are waiting on the miners to mine blocks so they can get the divident of 15 coins.

It used to reward like 40 coins per mine block (50 coins in a block) but after the masternodes went live in december 2017, it now awards 28 coins per block to the miners. The breakdown in the past was:
- 40 miners + 10 devs
Now it's:
- 28 miners + 15 znodes parasites + 7 devs per block.

I would seriously recommend anyone to steer clear of this failed project. The Lyra2Z algo is good, light on the cards (~40-60C), but this coin and it's circus management team have drove it to the bottom, and I'm pretty sure apart from botnets, soon, nobody will mine it.

Profitability of this coin is worse than anything else. 99% of the hashing power is at only one pool (mining pool hub) where botnets account for like 85% of the hashing power. So with 8 x 1080ti and some change (multicore cpus, some 1050tis etc) I make barely 0.5 Zcoin per day ($26).

On their official chat (Telegram) - the users say: "We don't need miners, they are not loyal etc" - because the chat is filled with Znode (masternode) parasites who don't care if botnets provide the hashing power as long as they get their 15-30 coins per month without any effort (these people bought the coins when the value was like $1 or less per coin and now live off the dividents.)..

Unless the botnets are banned at MPH, this coin is worthless to smalltime miners.

It seems you are angry for some reason on them?

You have accused them of steeling and make it sound so simple to create coin. >> If that  is so simple then there would be a lot more forks and all of them would be worth 50 USD.

There will always be someone willing to mine....

Also keep in mind that masternodes are something that most coins have these days and you can expect more and more coins will go on  that path.

Will there be wider adoption? I don't know, nobody knows so it's not fair to say that kind of stuff like you have magic crystal ball.


 

[AngusCanine]

Development seems to have come to grinding halt. Being the first coin to have implemented ZeroCoin isn't enough. Others are actively taking the development of Zcoin and coming out with features of web wallets and mobile wallets while nothing is seemingly being done here. This paid for advertising shouldn't have allowed the last few videos with really crappy sound!! After watching the interview of the advertiser I cant help but feel disappointed with Zcoin.

[Petersha]

A frank and lighthearted interview by Sandra with Poramin Insom, Zcoin's $XZC founder on how he started Zcoin and future plans.

https://www.youtube.com/watch?v=JofhLMrKImw

[AngusCanine]

Zcoin wallet off line at Bittrex?

[ZenFr]

Zcoin wallet off line at Bittrex?

Yes, no idea what about ?
A new release for the wallet ?
the ultimate new feature for anonimity implemented soon in the wallets exchanges, before the users ?

[webtimmi]

When XZC to the MOON?

[rowenta01]

Zcoin wallet off line at Bittrex?

Yes, no idea what about ?
A new release for the wallet ?
the ultimate new feature for anonimity implemented soon in the wallets exchanges, before the users ?

an announcement will be made. A hard fork will arrive, with updates, a clean code, an optimized blockchain download, and more!

[hexoli]

When XZC to the MOON?

tomorrow 15 PM

[Viecoin]

Zcoin wallet off line at Bittrex?

Yes, no idea what about ?
A new release for the wallet ?
the ultimate new feature for anonimity implemented soon in the wallets exchanges, before the users ?

an announcement will be made. A hard fork will arrive, with updates, a clean code, an optimized blockchain download, and more!

Really good to hear. I sent some XZC to Bittrex from Miningpoolhub the other day just to see that the wallet was offline when I logged in. This has always been my favorite coin to mine regardless of profitability.

[Elder III]

I just checked on Bittrex and the ZCoin wallet appears to be online now.

[xs.over]

Botnets on zcoin becomes bigger and bigger. developers, what are you going to do with that shit?

22GH!!!! it's roughly 13K high end gpus like gtx1070, don't tell bs that this is not a botnet  
Almost 99% of network are controlled by MPH. Great decentralizatin. It's sad that zcoin becomes a new one coin that was fckd up by botets

[dashfan]

i like zcoin but i prefer Dash !! 

[Boriss]

Is there any other pool that have XZC on his list other than MPH pool.
I don't understand why they don't ban boots from their pool?

[zositarik]

Is there any other pool that have XZC on his list other than MPH pool.
I don't understand why they don't ban boots from their pool?

I am using suprnova. 30% more profitable than MPH

[Boriss]

If I remember  correctly some people have tried supernova and they returned back to MPH.

Regarding decentralized exchanges, anyone knows is there any chance of XZC to start using BarterDEX?
-Light weight exchange; no blockchain download
-No hacks or thefts
-Privatekeys stay under your control
-It's like a wallet with built-in exchange

https://www.komodoplatform.com/en/technology/barterdex

[ocminer]

If I remember  correctly some people have tried supernova and they returned back to MPH.

Well you have 99% of the network hash on MPH and 1% on suprnova.. it's probably the luck factor which makes it interesting.

However the devs are unable to change the algo and as long as they don't do the promised fork, this coin is raped by botnets and is super-centralized.

[SatyrA]

Did anybody try to upgrade znode to latest 0.13.5 version? I stuck at "error while loading shared libraries: libdb_cxx-4.8.so: cannot open shared object file: No such file or directory" when daemon launches. VPS has been set up according to official Znode setup guide. Ubuntu 16.04.

[BidiPass]

What makes you think ZCoin is anyway like Bitconnect? i incested in bitconnect unfortunatelly...

[flowjob]

If I remember  correctly some people have tried supernova and they returned back to MPH.

Regarding decentralized exchanges, anyone knows is there any chance of XZC to start using BarterDEX?
-Light weight exchange; no blockchain download
-No hacks or thefts
-Privatekeys stay under your control
-It's like a wallet with built-in exchange

https://www.komodoplatform.com/en/technology/barterdex

XZC is already available on BarterDEX. Just do

Code:

git clone https://github.com/KomodoPlatform/BarterDEX.git
cd BarterDEX
git pull
git checkout v0.8
npm install
npm start

and start trading.

[mezoni]

Is there any other pool that have XZC on his list other than MPH pool.
I don't understand why they don't ban boots from their pool?

I am using suprnova. 30% more profitable than MPH

mintpond - one block in 3 days. Rewards is much better than MPH or nova.