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

[Synthian]

Suprnova only gets a block each 7-8 hours... indeed I moved to miningpoolhub because of this fact as this pool finds a block each 10-11min (10Ghs)

I will change my pool and I will mine miningpoolhub instead. Suprnova pool is difficult to catch a block within 8 hours so if mining on that pool , I only get less zcoins . This fact seems to make me no profit when mining on suprnova pool.

[1715341446]

1715341446

[1715341446]

1715341446

[1715341446]

1715341446

[1715341446]

1715341446

[1715341446]

1715341446

[1715341446]

1715341446

[ocminer]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

[Jazek]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

I get like 500Kh/s with my system... i agree with you its so hard to get some coins...

[ZenFr]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

The big mining centralisation of ZCoin is a big issue for his security, no (51% attack) ?
How the community can manage this ?
How the dev can do something ?

If the security of the coin (his blockchain, then the mining) is not guaranty, ZCoin value is zero.
Very sorry to tell this :-(.

[J_A_Bankster]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

The big mining centralisation of ZCoin is a big issue for his security, no (51% attack) ?
How the community can manage this ?
How the the dev can do something ?

If the security of the coin (his blockchain, then the mining) is not guaranty, ZCoin value is zero.
Very sorry to tell this :-(.

Zcoin dev, please come with a fast and elaborate rebottle to this statement.. This seems like constructive criticism, so answer please....

Will this new algo fix this risk, or not? Investors are reading and following this thread closely...

[Mon_Hero]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

The big mining centralisation of ZCoin is a big issue for his security, no (51% attack) ?
How the community can manage this ?
How the dev can do something ?

If the security of the coin (his blockchain, then the mining) is not guaranty, ZCoin value is zero.
Very sorry to tell this :-(.

Looks like you're the weird guy who adviced to buy RISE, the money recently retired from Bittrex

https://bitcointalk.org/index.php?topic=1460658.0

[ZenFr]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

The big mining centralisation of ZCoin is a big issue for his security, no (51% attack) ?
How the community can manage this ?
How the dev can do something ?

If the security of the coin (his blockchain, then the mining) is not guaranty, ZCoin value is zero.
Very sorry to tell this :-(.

Looks like you're the weird guy who adviced to buy RISE, the money recently retired from Bittrex

https://bitcointalk.org/index.php?topic=1460658.0

I was the french translator of RISE [ANN].

How does it change the serious ZCoin security problem?

I am not weired and I'm not a newbie like you.

[Mon_Hero]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

The big mining centralisation of ZCoin is a big issue for his security, no (51% attack) ?
How the community can manage this ?
How the dev can do something ?

If the security of the coin (his blockchain, then the mining) is not guaranty, ZCoin value is zero.
Very sorry to tell this :-(.

Looks like you're the weird guy who adviced to buy RISE, the money recently retired from Bittrex

https://bitcointalk.org/index.php?topic=1460658.0

I was the french translator of RISE [ANN].

How does it change the serious ZCoin security problem?

I am not weired and I'm not a newbie like you.

Héhé, I guess you worked for 0€

https://bitcointalk.org/index.php?topic=1445947.msg18554216#msg18554216

See you 3 months later when ZCoin reaches $40

[Jazek]

Im also into zcoin, but i would like to see a response from the dev about the big centralization of the power of mining

[Goruno]

Im also into zcoin, but i would like to see a response from the dev about the big centralization of the power of mining

Please keep patient and MTP algo will be released soon and resolve all problem . MTP algo is still in testing phase and Buying and holding this coin is a good idea to get a big profit then .

[shroomzcoin]

Big price crash today.... Buying time.

... or selling time.

smart guy, lets sell when its low instead of waiting a few days for it to go back up again, need to follow your advice

[dasgardo87]

Sorry guys but this coin is pretty centralized, it's hard to keep up with so low hash on the pool, hopefully it'll get better after the algo switch.

hello can you unlock my account name mendoza (the site said that i need to check my email but after i check, i dont receive any email), thanks

[LBX]

One tells me what happens with synchronization?
Very bad
Where is the developer about this
I see bad support for this currency

Several months ago the program was hacked through bug #
and now

This project has  mistakes

[zcoinofficial]

Im also into zcoin, but i would like to see a response from the dev about the big centralization of the power of mining

Hi, what is your concern on miner centralization and where are you getting evidence that it is centralized?

Currently both GPUs and CPUs can mine it and no ASICS have been developed so anyone can mine.

There are a couple of big pools Suprnova, Miningpoolhub, Pool.mn and some in China so I think we're quite healthy. We do plan to develop p2pool for it soon but need to get some other stuff fixed first but in this case I think it's just a lot of people who are comfortable with Suprnova rather than an actual problem.

One tells me what happens with synchronization?
Very bad
Where is the developer about this
I see bad support for this currency

Several months ago the program was hacked through bug #
and now

This project has  mistakes

All projects have bugs and we're very early in our development cycle. We are aware of the sync bug and after we get MTP into a more stable state, all our efforts will be placed into making the sync smoother. Our lead dev Poramin believes he has a stop gap solution on this until we upgrade Bitcoin core but we're evaluating whether to do it now or just do it through the bitcoin core upgrade.

Also to help out with syncing, you can also use this site http://znode.io to sync up almost up to date and then sync the remaining.

We thank you for your patience and we trust it will be rewarded.

[ZenFr]

Im also into zcoin, but i would like to see a response from the dev about the big centralization of the power of mining

Hi, what is your concern on miner centralization and where are you getting evidence that it is centralized?

Currently both GPUs and CPUs can mine it and no ASICS have been developed so anyone can mine.

There are a couple of big pools Suprnova, Miningpoolhub, Pool.mn and some in China so I think we're quite healthy. We do plan to develop p2pool for it soon but need to get some other stuff fixed first but in this case I think it's just a lot of people who are comfortable with Suprnova rather than an actual problem.

Hi,

Getting some evidence that XZC mining is centralized ?
Very simple !

For exemple :
At the moment : the network hashrate is 17,19 GHs and miningpoolhub hashrate is 10,8 GHs (62,83 % !). SuNova hashrate is only 0,4 GHs, no blocks found since 46 hours.
XZC is PoW and PoW currencies are attackable with 51% attack : here we are at more than 62 % !
XZC is now attackable.

An other exemple of evidence :
Look at this page : https://zcoin.miningpoolhub.com/index.php?page=statistics&action=blocks.
In the last 24 hours, 79/144 blocks were found by the same pool : 54,86 % !
In the last week, 573/1008 blocks were found by this unique pool : 56,84 % !

XZC is not any more secure.
At any time miningpoolhub can recalculate old blocks in the blockhain and insert fraudulent transactions there. These transactions can steal the coins of any XZC holder.
XZC is now without security, without protection and can be attacked at any time.

@Dev : what can ou do to retrieve XZC security ?
I am a XZC miner and I hold my coins since the begining : I want my XZC in security in the blockchain, not robbed in 1, 2 or more days...

[zcoinofficial]

Im also into zcoin, but i would like to see a response from the dev about the big centralization of the power of mining

Hi, what is your concern on miner centralization and where are you getting evidence that it is centralized?

Currently both GPUs and CPUs can mine it and no ASICS have been developed so anyone can mine.

There are a couple of big pools Suprnova, Miningpoolhub, Pool.mn and some in China so I think we're quite healthy. We do plan to develop p2pool for it soon but need to get some other stuff fixed first but in this case I think it's just a lot of people who are comfortable with Suprnova rather than an actual problem.

Hi,

Getting some evidence that XZC mining is centralized ?
Very simple !

For exemple :
At the moment : the network hashrate is 17,19 GHs and miningpoolhub hashrate is 10,8 GHs (62,83 % !). SuNova hashrate is only 0,4 GHs, no blocks found since 46 hours.
XZC is PoW and PoW currencies are attackable with 51% attack : here we are at more than 62 % !
XZC is now attackable.

An other exemple of evidence :
Look at this page : https://zcoin.miningpoolhub.com/index.php?page=statistics&action=blocks.
In the last 24 hours, 79/144 blocks were found by the same pool : 54,86 % !
In the last week, 573/1008 blocks were found by this unique pool : 56,84 % !

XZC is not any more secure.
At any time miningpoolhub can recalculate old blocks in the blockhain and insert fraudulent transactions there. These transactions can steal the coins of any XZC holder.
XZC is now without security, without protection and can be attacked at any time.

@Dev : what can ou do to retrieve XZC security ?
I am a XZC miner and I hold my coins since the begining : I want my XZC in security in the blockchain, not robbed in 1, 2 or more days...

With new coins, some pools temporarily dominating the hashrate is common. Had a brief chat in our #mining channel in Slack to find out what's going on. There was a mass exodus from Suprnova for some reason when they were previously the number one pool.

However now Suprnova is having a 0% fee promotion time so I highly recommend our miners to switch some of their hashrate over to achieve a more fairer distribution. If you have any problems @ocminer is always ready to help.

pool.mn https://pool.mn/xzc/ and maxminers https://xzc.maxminers.net/ also have working pools as far as I know.

Anyway problem should be better once MTP is up.

[ZenFr]

With new coins, some pools temporarily dominating the hashrate is common. Had a brief chat in our #mining channel in Slack to find out what's going on. There was a mass exodus from Suprnova for some reason when they were previously the number one pool.

However now Suprnova is having a 0% fee promotion time so I highly recommend our miners to switch some of their hashrate over to achieve a more fairer distribution. If you have any problems @ocminer is always ready to help.

pool.mn https://pool.mn/xzc/ and maxminers https://xzc.maxminers.net/ also have working pools as far as I know.

Anyway problem should be better once MTP is up.

We progress in the discussion : now you admits that the mining is centralized to more than 50% on a single pool.

You minimize the scope of the risk because, unfortunately, as a developer, you can do nothing, otherwise call the miners to leave poolmininghub for going on SuprNova or another pool, what you do and I thank you .

The problem is that the miners on SuprNova have not received anything since 2 days while they would have received the income of 160 blocks at the same time on poolmininghub.
Miners pay for their electricity and their equipment: I doubt that there are many who follow this call to sacrifice themselves.

XZC can be attacked at any time by the team of poolmininghub and, even more serious, a hacker may be tempted to attack poolmininghub to make an attack on XZC.

Our XZCs are absolutely not safe !

I think the good advice to those who own XZC is to sell them until this problem is solved (by the new algo or something else).

I would like other holders (non-speculators) to give their opinion here.

[teknohog]

The problem is that the miners on SuprNova have not received anything since 2 days while they would have received the income of 160 blocks at the same time on poolmininghub.

Wow, so mining at a big pool gets you hundreds of times the income of a small pool? Interesting.

Any decent pool should give the same average income over time, but when the hashrate gets too small, you're seeing these unfortunate variance effects. Everyone complains when the round progress (luck) gets up to hundreds of percent, but nobody talks about the fast rounds that balance it out. I'm keeping my modest 2 Mh/s on Suprnova as I trust the math, and Suprnova has proved reliable so far.

Meanwhile, there's always solo mining. A lot of modern coins don't provide obvious methods for solo mining, instead you need to set up a personal pool or a proxy. But solo mining was the way cryptocurrencies started out, as it was the natural way to keep things distributed. (For the first year or so, Bitcoin didn't even have getwork, the only way to mine was with the daemon's built-in CPU miner.) Zcoin is nicer than many others in this regard.

[ocminer]

The problem is that the miners on SuprNova have not received anything since 2 days while they would have received the income of 160 blocks at the same time on poolmininghub.

Wow, so mining at a big pool gets you hundreds of times the income of a small pool? Interesting.

Any decent pool should give the same average income over time, but when the hashrate gets too small, you're seeing these unfortunate variance effects. Everyone complains when the round progress (luck) gets up to hundreds of percent, but nobody talks about the fast rounds that balance it out. I'm keeping my modest 2 Mh/s on Suprnova as I trust the math, and Suprnova has proved reliable so far.

Meanwhile, there's always solo mining. A lot of modern coins don't provide obvious methods for solo mining, instead you need to set up a personal pool or a proxy. But solo mining was the way cryptocurrencies started out, as it was the natural way to keep things distributed. (For the first year or so, Bitcoin didn't even have getwork, the only way to mine was with the daemon's built-in CPU miner.) Zcoin is nicer than many others in this regard.

Thanks for your trust, you're right, the income is the same after time.

I've dropped the fee to 0% on suprnova in the hope that some folks might spread over some hash.

[ZenFr]

In my words, there is no reproach made to SuprNova/OCMiner :-).
The problem is the concentration of the mining at more than 50% on the same pool : poolmininghub.