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

[Daniko7]

I'm afraid that with crippled algo and growing hashrate of botnets this coin has no bright future.
The price is already going down.

There are still mining more than 900 worker suprnova.cc and more than 400 on pool.mn. This Coin will have his time...i'm for sure. its mostly the same with new coins. after 1 to 2 week the price goes down because some miners are selling there coins.

But as you have said, the algo and the hashrate are big problems for tiny miners like us.

[traspy]

Price now is low. should be at least 0.01 to be profitable...not talking about 1 usd @ day.  

[tomsmith26]

Price now is low. should be at least 0.01 to be profitable...not talking about 1 usd @ day.  

I agree. mining this coin is now not enough to supply in the market . no premined , No ICO , and the volumn of Zcoin is not much
so the price will rise in next time . I think it will be second ETH instead

[Amph]

the bot net is taking on this it seems, that's why cpu coin are bad, i'm waiting for the release of the gpu miner

[traspy]

the bot net is taking on this it seems, that's why cpu coin are bad, i'm waiting for the release of the gpu miner

zcoin was already forked from scrypt-n cause gpu asic farm were mining and community ask only cpu.
Now you ask go back to gpu to allow nicehash to point thousand MH on zcoin and let us small miner with only 10-15 gpu get peanuts?
No thanks.

[adaseb]

the bot net is taking on this it seems, that's why cpu coin are bad, i'm waiting for the release of the gpu miner

Still more profitable than SIA dual mining so not going to complain just yet.

[plopzz]

nethash is getting outrageous!  Looks like people are catching on 

Nethash is crazy. more people are mining zcoin than bitcoin. crazy.
we need more pools.

Why more pools ?

[BrainShutdown]

nethash is getting outrageous!  Looks like people are catching on 

Nethash is crazy. more people are mining zcoin than bitcoin. crazy.
we need more pools.

Why more pools ?

Avoid centralization to increase network resilience

[tomsmith26]

I see that the pool xzc.suprnova.cc has got problem it doesn't show the worker hashrate in my account
and it seems that the payout is not shown on dashboard . Please check it

[PapanyMiner]

It may, instead of the GPU miner, will make a normal CPU miner and stable pool

[ocminer]

I see that the pool xzc.suprnova.cc has got problem it doesn't show the worker hashrate in my account
and it seems that the payout is not shown on dashboard . Please check it

Well, if your worker isn't shown on the dashboard that also means you get no payout as there is no hash on the pool

Try to look at the "My Workers" page if the hashrate is displayed there.

[vvinam]

pool

https://pool.mn/xzc/

stratum+tcp://xzc.pool.mn:2428

./cpuminer -a lyra2rev2  -o stratum+tcp://xzc.pool.mn:2428 -u Weblogin.WorkerName -p WorkerPassword

[tomsmith26]

I see that the pool xzc.suprnova.cc has got problem it doesn't show the worker hashrate in my account
and it seems that the payout is not shown on dashboard . Please check it

Well, if your worker isn't shown on the dashboard that also means you get no payout as there is no hash on the pool

Try to look at the "My Workers" page if the hashrate is displayed there.

No. I look at my machine. it's working well and it shows shares accepted as normal but it's not shown on dashboard.

Now it's shown again after I made a notice above

[oslak]

I see that the pool xzc.suprnova.cc has got problem it doesn't show the worker hashrate in my account
and it seems that the payout is not shown on dashboard . Please check it

Well, if your worker isn't shown on the dashboard that also means you get no payout as there is no hash on the pool

Try to look at the "My Workers" page if the hashrate is displayed there.

No. I look at my machine. it's working well and it shows shares accepted as normal but it's not shown on dashboard.

Now it's shown again after I made a notice above

I noticed the same but the pool found no block during that period. Then shows the share when it found the next block.

[poptartcat]

Is this relevant to the 2048 RSA number used for the trusted setup:
http://www.theregister.co.uk/2016/10/09/crypto_needs_more_transparency_researchers_warn/

Also, this doesn't inspire much confidence:
http://www.theregister.co.uk/2013/12/21/nsa_paid_rsa_10_million/

And from the comments:

400 core years
That's not really very much. You can do that in less than an hour on AWS for around $200,000. There are more cost-effective ways to do it, but if your target is worth that much to you then it's pretty easily done.

?

[tokyopotato]

Price now is low. should be at least 0.01 to be profitable...not talking about 1 usd @ day.  

I agree. mining this coin is now not enough to supply in the market . no premined , No ICO , and the volumn of Zcoin is not much
so the price will rise in next time . I think it will be second ETH instead

Developer subsidy is pretty hefty. 10 coins per block...

[zcoinofficial]

Is this relevant to the 2048 RSA number used for the trusted setup:
http://www.theregister.co.uk/2016/10/09/crypto_needs_more_transparency_researchers_warn/

Also, this doesn't inspire much confidence:
http://www.theregister.co.uk/2013/12/21/nsa_paid_rsa_10_million/

And from the comments:

400 core years
That's not really very much. You can do that in less than an hour on AWS for around $200,000. There are more cost-effective ways to do it, but if your target is worth that much to you then it's pretty easily done.

?

Please see point 2 in this blog: https://zcoin.io/zcoin-and-zcash/

[poptartcat]

Thanks. Can you answer my earlier question as well:

I've heard that multisig transactions are impossible using the zero knowledge proofs of either zcash or zcoin, and this will significantly affect the privacy of both (if everyone uses the "clearnet" token, then who cares if there is an anonymous sub-token), since, monero for instance will soon allow ringsig multisig after ringct is implemented. Is this true? Multisig impossible with zcash or zcoin anon tokens?

This seems quite important, since at the moment private currency seems to equate with DNMs, and while I think most still use escrow, the ideal is that people would use multisig. If private multisig txs are impossible with zerocoin or zerocash, doesn't this hamper their utility quite a bit?

[zcoinofficial]

Thanks. Can you answer my earlier question as well:

I've heard that multisig transactions are impossible using the zero knowledge proofs of either zcash or zcoin, and this will significantly affect the privacy of both (if everyone uses the "clearnet" token, then who cares if there is an anonymous sub-token), since, monero for instance will soon allow ringsig multisig after ringct is implemented. Is this true? Multisig impossible with zcash or zcoin anon tokens?

This seems quite important, since at the moment private currency seems to equate with DNMs, and while I think most still use escrow, the ideal is that people would use multisig. If private multisig txs are impossible with zerocoin or zerocash, doesn't this hamper their utility quite a bit?

Multisig transactions actually are possible with Zerocoin.

[dbt1033]

Price now is low. should be at least 0.01 to be profitable...not talking about 1 usd @ day.  

I agree. mining this coin is now not enough to supply in the market . no premined , No ICO , and the volumn of Zcoin is not much
so the price will rise in next time . I think it will be second ETH instead

Developer subsidy is pretty hefty. 10 coins per block...

"The Founders Reward will be given to early investors, developers, and Zcoin community members. We also have bounties for various tasks, such as Zcoin core development, web development, graphic design, marketing, ect. If you'd like to help out, please email or message us on Slack."

It's still hefty...  Is most of this going to Ver?