I had thoughts on getting 2x GTX 1060's or RX 470's with the upped profits knowing I can move them to another script later but I could tell ZEC mining would tank
Even while it was profitable the block rewards were growing far slower than the price drop on the coin and the network dificulty was rising in a frenzy
The big reason the price dropped is the model We could have literally divided the price by 100 and multiplied the block reward by 100 and mining would be the same profit but less hype because everyone bought into the sticker price of a single coin. That combined with pure profitability made ZEC into a perfect pump and dump coin
I'm glad I did my mining with Nicehash and instant sold it while all the Suprnova people were basically losing value between the time of their shares and when they sold it
ZEC may someday get up in market cap and have its place as a top 10 crypto. The way I see it unlike BTC, LTC, and DASH it is not an ASIC coin so the mining is less centralized by mega whale farms. Unlike Monero, ZEC has optional transparency which makes it both viable as a darknet coin and a mainstream coin. Off hand I may be off with the details but isn't Monero and Dash both victim to large premines which arguably can be worse than the ZEC 20% mining tax by the devs? Lastly, it is clearly better with GPU's but it is still pretty good with CPU's which a CPU coin allows more people to just mine it making it even less centralized in hash power
Thing is the total supply of 21 million like BTC makes it in a seat to overtake BTC which is our established gold already. As for general currency, I do not think the public wants to adapt something we have to all count heaps of zero's down from the coin for every and all transactions. A coin where the total supply is much higher with a value per coin within the ranges we're familiar with in current fiat or that of a century ago before inflation is more ideal. Dash and Monero are not winning here either. So I basically see Zcash as the competitor to Dash and Monero while technically being more advanced to BTC but just too late to be gold in crypto
Time will tell. Maybe this will be our mining coin after ETH is POS
I think zec might be a worthwhile coin to mine after we reach the full block reward.
But the way it is now, you mine your coins and by the time you sell them its worth wayy less.
I intend to not invest into ZEC until the block reward has finally grown. It's only granted to decrease value as the reward grows and the supply is practically multiplying since it is still new.
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