EtherSecAgent
Newbie
 Offline
Activity: 15
Merit: 0
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October 12, 2016, 08:22:46 PM |
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Is anyone aware that there is a "Founders Reward"? This is essentially a premine that amounts to 20% of the coin over the first four years. Things like this need to be in the OP, not the FAQ.
YES!!! That's my biggest issue with this coin... the owner was supposed to get 10% but ending up getting 20% someone on the github brought this up, but the response was the creator would have to ask "investors" |
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dbt1033
Legendary
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Activity: 1274
Merit: 1000
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October 12, 2016, 08:22:59 PM |
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Were GPU miners released or something ? Hashrate is now to a huge 1700 kH/s  ! Nope, cloud miners / server farms. Maybe a private gpu miner or two. |
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dbt1033
Legendary
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Activity: 1274
Merit: 1000
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October 12, 2016, 08:24:55 PM |
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Is anyone aware that there is a "Founders Reward"? This is essentially a premine that amounts to 20% of the coin over the first four years. Things like this need to be in the OP, not the FAQ.
YES!!! That's my biggest issue with this coin... the owner was supposed to get 10% but ending up getting 20% someone on the github brought this up, but the response was the creator would have to ask "investors" "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." I believe it's initially 20%, then averages out to 10% over the distribution of the coin. I'm ok with this, as long as they can be transparent about where it's going/ spend it wisely. Early investors == Roger Ver We need Btc Jesus to have a nice bag if we want him to make our market  |
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plopzz
Jr. Member
Offline
Activity: 142
Merit: 2
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October 12, 2016, 08:28:38 PM |
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I'm quite surprised by the lack of help from the community in setting up a pool. I contacted the 3 pool owners and received no response. As i'm coming from open-source community, it's a bit disappointing |
Running pool @ https://angrypool.com
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chocobo
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October 12, 2016, 08:35:56 PM |
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Is anyone aware that there is a "Founders Reward"? This is essentially a premine that amounts to 20% of the coin over the first four years. Things like this need to be in the OP, not the FAQ.
YES!!! That's my biggest issue with this coin... the owner was supposed to get 10% but ending up getting 20% someone on the github brought this up, but the response was the creator would have to ask "investors" "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." I believe it's initially 20%, then averages out to 10% over the distribution of the coin. I'm ok with this, as long as they can be transparent about where it's going/ spend it wisely. Early investors == Roger Ver We need Btc Jesus to have a nice bag if we want him to make our market Its 20% for four years though, which is an eternity for any alt. |
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EuroLine
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October 12, 2016, 08:41:46 PM |
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Probably right hasharate about 150 khashes. Pools shows wrong. U can get actual hashrate via wallet RPC.
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Servers been shutted down forever. Working on compensate program.
If need a pool public or private PM me.
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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October 12, 2016, 09:48:24 PM |
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Damn that dip just got bought hard.
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BrainShutdown
Legendary
Offline
Activity: 1052
Merit: 1004
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October 12, 2016, 10:52:55 PM |
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Damn that dip just got bought hard.
Yes quite impressive but I don't see FOMO starting just yet. Zcash around the corner making people cautious I guess. |
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YIz
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October 12, 2016, 11:06:00 PM |
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Has someone connected his botnet? yesterday I was getting about 2 coins per day, but now I don't get anything at all.
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Judge-Dredd
Sr. Member
Offline
Activity: 517
Merit: 257
CryptoTalk.Org - Get Paid for every Post!
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October 13, 2016, 12:04:24 AM
Last edit: October 13, 2016, 12:32:21 AM by Judge-Dredd |
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Has someone connected his botnet? yesterday I was getting about 2 coins per day, but now I don't get anything at all.
Sure seems like it. Must be a few botnets or someone not scared to spend money on a ton of VPSs. I've had almost 100 cores slamming this and I'm projected to make something like 1.5 to 2 XZC today... |
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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October 13, 2016, 01:25:00 AM |
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Damn that dip just got bought hard.
Yes quite impressive but I don't see FOMO starting just yet. Zcash around the corner making people cautious I guess. Ver is going to pump this lol, he doesn't put his name on shit that sucks these days. But you are right... the FOMO hasn't even begun. Stay tuned  |
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Zywiec
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October 13, 2016, 01:32:57 AM |
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ZERO CASH is not the same as ZCASH.
Two different currencies with two another DevTeams.
Kindly reminder.
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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October 13, 2016, 02:05:51 AM |
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ZERO CASH is not the same as ZCASH.
Two different currencies with two another DevTeams.
Kindly reminder.
Are you late to the party? We know. Zcash is based on zerocash protocol. Zcoin is based on zerocoin protocol. They both have pros and cons. http://blog.zcoin.tech/zcoin-and-zcash/Roger Ver is backing both. They are both legit. |
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adaseb
Legendary
Offline
Activity: 3738
Merit: 1708
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October 13, 2016, 02:31:44 AM |
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I am pretty sure there are GPU miners for this coin but the developer would have to be crazy to release it for free. It would be like throwing money away in the toilet.
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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October 13, 2016, 02:34:52 AM |
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I am pretty sure there are GPU miners for this coin but the developer would have to be crazy to release it for free. It would be like throwing money away in the toilet.
I know a couple of the top guys are cloud miners (azure/aws/etc...) You might be right though. |
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poptartcat
Member
Offline
Activity: 105
Merit: 10
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October 13, 2016, 03:04:48 AM |
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ZERO CASH is not the same as ZCASH.
Two different currencies with two another DevTeams.
Kindly reminder.
Are you late to the party? We know. Zcash is based on zerocash protocol. Zcoin is based on zerocoin protocol. They both have pros and cons. http://blog.zcoin.tech/zcoin-and-zcash/Roger Ver is backing both. They are both legit. They also both have "founder's rewards" of 20% for the first few years. Incidentally the coin in your signature also has a very significant dev/sponsor subsidy as well. I'm not necessarily against this a matter of course, but it just smells bad imo to launch what is nominally a currency and give 10-20% away to the developer(s) and their sponsors. How can you expect something to achieve real world traction and broad adoption when one guy or groups singlehandedly controls 5 or more % of the entire circulation that will ever exist? Obviously Bitcoin is kind of an exception here... |
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dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
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October 13, 2016, 03:09:05 AM |
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ZERO CASH is not the same as ZCASH.
Two different currencies with two another DevTeams.
Kindly reminder.
Are you late to the party? We know. Zcash is based on zerocash protocol. Zcoin is based on zerocoin protocol. They both have pros and cons. http://blog.zcoin.tech/zcoin-and-zcash/Roger Ver is backing both. They are both legit. They also both have "founder's rewards" of 20% for the first few years. Incidentally the coin in your signature also has a very significant dev/sponsor subsidy as well. I'm not necessarily against this a matter of course, but it just smells bad imo to launch what is nominally a currency and give 10-20% away to the developer(s) and their sponsors. How can you expect something to achieve real world traction and broad adoption when one guy or groups singlehandedly controls 5 or more % of the entire circulation that will ever exist? Obviously Bitcoin is kind of an exception here... I understand what you are saying... but one of the fundamental issues with btc is a lack of funding to pay for development. You can have a premine, or a block subsidy. A block subsidy is much more reasonable when used appropriately, because it's paid over time. Imagine if they had a 10% premine that they had access to... that's 2million coins! Devs don't work for free. They deserve to be paid. You can't expect a dev to to great work when he can't feed himself / pay his bills. |
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oslak
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October 13, 2016, 03:40:20 AM |
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Its 12x more difficult now compared to 4 days ago.
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EtherSecAgent
Newbie
Offline
Activity: 15
Merit: 0
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October 13, 2016, 03:50:32 AM |
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ZERO CASH is not the same as ZCASH.
Two different currencies with two another DevTeams.
Kindly reminder.
Are you late to the party? We know. Zcash is based on zerocash protocol. Zcoin is based on zerocoin protocol. They both have pros and cons. http://blog.zcoin.tech/zcoin-and-zcash/Roger Ver is backing both. They are both legit. They also both have "founder's rewards" of 20% for the first few years. Incidentally the coin in your signature also has a very significant dev/sponsor subsidy as well. I'm not necessarily against this a matter of course, but it just smells bad imo to launch what is nominally a currency and give 10-20% away to the developer(s) and their sponsors. How can you expect something to achieve real world traction and broad adoption when one guy or groups singlehandedly controls 5 or more % of the entire circulation that will ever exist? Obviously Bitcoin is kind of an exception here... I understand what you are saying... but one of the fundamental issues with btc is a lack of funding to pay for development. You can have a premine, or a block subsidy. A block subsidy is much more reasonable when used appropriately, because it's paid over time. Imagine if they had a 10% premine that they had access to... that's 2million coins! Devs don't work for free. They deserve to be paid. You can't expect a dev to to great work when he can't feed himself / pay his bills. I totally agree with you, but they are just taking a higher share from what they originally said they would take, someone pointed this out, and suggested a hardfork, but the case was closed http://imgur.com/a/tBsHZIm not against zcoin, I've been mining all week  |
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oslak
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October 13, 2016, 04:11:05 AM |
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ZERO CASH is not the same as ZCASH.
Two different currencies with two another DevTeams.
Kindly reminder.
Are you late to the party? We know. Zcash is based on zerocash protocol. Zcoin is based on zerocoin protocol. They both have pros and cons. http://blog.zcoin.tech/zcoin-and-zcash/Roger Ver is backing both. They are both legit. They also both have "founder's rewards" of 20% for the first few years. Incidentally the coin in your signature also has a very significant dev/sponsor subsidy as well. I'm not necessarily against this a matter of course, but it just smells bad imo to launch what is nominally a currency and give 10-20% away to the developer(s) and their sponsors. How can you expect something to achieve real world traction and broad adoption when one guy or groups singlehandedly controls 5 or more % of the entire circulation that will ever exist? Obviously Bitcoin is kind of an exception here... I understand what you are saying... but one of the fundamental issues with btc is a lack of funding to pay for development. You can have a premine, or a block subsidy. A block subsidy is much more reasonable when used appropriately, because it's paid over time. Imagine if they had a 10% premine that they had access to... that's 2million coins! Devs don't work for free. They deserve to be paid. You can't expect a dev to to great work when he can't feed himself / pay his bills. I totally agree with you, but they are just taking a higher share from what they originally said they would take, someone pointed this out, and suggested a hardfork, but the case was closed http://imgur.com/a/tBsHZIm not against zcoin, I've been mining all week I havent seen any reply from the OP or anyone related except one to debunk a post on being a scam coin. The Dev Should have fixed the reindex problem of the wallet and other raised issues by now. Dev are so lazy. This is what is going to kill this coin. We'll of course the dumping of the dev of their founders share. |
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