[ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency

[samhayne]

Hm. Won't the price just go down like crazy as soon as Bittrex will allow trading again (if they will)?
I imagine loads of miners trying to get rid of their stocks.

[Dark12]

Mined for 24 hours on MineZ.zone with almost 1Msol/s and didn't earn a single bit of ZEN.
No response from support.

Possibly you contact us while we were asleep.  There was a bug in z-nomp that blocked payments.  We cleared it this morning and payments have been processing again.  You should have received most if not all of them by now.

I was planning on posting here when I got home.
I did receive it all.  Sorry

[MedaR]

ooops. i have sent some coins to bittrex while the wallet is under maintenence. did i lose them?

Probably not because they have stopped all tradings and wallet is offline, you have sent to an address which will exist once they finish their work..I think.

Hm. Won't the price just go down like crazy as soon as Bittrex will allow trading again (if they will)?
I imagine loads of miners trying to get rid of their stocks.

How this can be bad? I mean if you like to trade just place your orders lower and wait.
Miners are well known for their panic, they must have profitability and they won't hesitate to dump hard, traders loves them becase of this!

[samhayne]

How this can be bad? I mean if you like to trade just place your orders lower and wait.
Miners are well known for their panic, they must have profitability and they won't hesitate to dump hard, traders loves them becase of this!

Because I started to mine this week (amateurish)... according to whattomine.com ZenCash is super profitable right now.
But I doubt that they really will be in the end due to the mentioned reason.

[MedaR]

Because I started to mine this week (amateurish)... according to whattomine.com ZenCash is super profitable right now.
But I doubt that they really will be in the end due to the mentioned reason.

Just wait, and do not lose your hope, this must be pumped sooner or later. Now we are passing through bad times, this will influence on price but also on mining difficulty so this might be even better. Once when all this finnish, things will be stabilized and price will increase, i wont be suprised to see again 500k. For now i will await small dump.
Sell it if you do not believe, or wait and see.

[dadach]

ooops. i have sent some coins to bittrex while the wallet is under maintenence. did i lose them?

Probably not because they have stopped all tradings and wallet is offline, you have sent to an address which will exist once they finish their work..I think.

ok, here is the transaction, so hopefully it doesnt disappear

http://zenblockx.minez.zone/tx/e0da4835854933828dfc6d5696f337ddd829650973bc206d427f3204d8b1c780

[irukandji]

Hm. Won't the price just go down like crazy as soon as Bittrex will allow trading again (if they will)?
I imagine loads of miners trying to get rid of their stocks.

Zencash has still been trading . I preseme it is just routine wallet maintenance

[irukandji]

Because I started to mine this week (amateurish)... according to whattomine.com ZenCash is super profitable right now.
But I doubt that they really will be in the end due to the mentioned reason.

Just wait, and do not lose your hope, this must be pumped sooner or later. Now we are passing through bad times,

Is this using the bitcoin emission curve? I so that is a lot of coins being mined ATM. So the coin needs to convince people that it is being developed well. I say this as a Zencash holder.

[rowenta01]

https://blog.zensystem.io/zencash-mandatory-node-software-upgrade-before-block-117575-on-tuesday-midday/

ZenCash Mandatory Node Software Upgrade before Block 117,575 on Tuesday Midday
    posted by BlockOps at ZenCash Blog

ZenCash is on the upswing! Here is a brief update on the softfork upgrade scheduled for Tuesday, an explanation of how ZenCash is doing a bootstrap in order to grow in a sustainable long term manner, and what users can do with ZenCash that is special and unique.

Mandatory Upgrade for Pool Operators and Exchanges

The mandatory node software upgrade we have planned is in the testing phase, with the ZenCash community developers working closely with the IOHK development team to make sure the next version of Zen node software does exactly what it is supposed to do. For an explanation of the reason for the mandatory upgrade, also called a softfork, look at yesterday's post at https://blog.zensystem.io/zencash-update-saturday-june-10-at-10-pm-eastern/

What do most people have to do to prepare for this event, scheduled for block 117,575? Nothing! The ZenCash you have on the Bittrex exchange, at your mining pool, and in your wallet is safe. You don't have to get new wallet addresses, update your mining rigs, or do anything else for this upgrade, scheduled to happen on Tuesday at about midday.

The people who have to do something are the people who operate the infrastructure that makes ZenCash work. People who run mining pools, operate solo miners, and run exchanges, like Bittrex, need to upgrade their Zen node software before the softfork. Mining pools that don't upgrade before block 117.575 will not be able to add new blocks to the Zen blockchain, and the miners connected to their pool will be doing non-useful work.

One of the reasons we publicize this so widely is there are many people running ZenCash mining pools all over the world, and we want to make sure they know they need to do an upgrade.

What benefits will users get from this? When we publish the updated Zen node software that has the fixes in it, the big benefit is that the Zen network will no longer be susceptible to a transaction replay from Zclassic. As soon as they are ready, binaries for Windows and Mac wallets will be released, and people will be able to update their ZenCash wallet software. With updated wallet software, everyone will be able to send and receive ZenCash safely. Expect to see the updated software about a day before the mandatory upgrade time.

When you get the updated wallet software and run it, it should have the same effect as upgrading Microsoft Word software to a new version. Upgrading Word changes the functionality and adds security improvements, but does not affect the word documents on your computer. Similarly, upgrading your wallet software does not change your ZenCash addresses, it just makes the wallet software better.

Once the ZenCash mandatory software upgrade is complete, we can get on with the original plan.

Funding for Growth - A Long Term Plan

ZenCash is similar to Zcash, and has software that is basically a direct copy of Zcash,  but has a different focus, and a different funding mechanism.

Zcash is an outstanding project, with excellent technology and extensive partnerships. Zcash development is funded, for the first four years, by a redirection of 20% the mining rewards. This redirection goes to the Zcash team, and some gets paid to the investors who fronted the money for Zcash to get started. That type of venture funding is a great way to get a project off the ground, and has worked really well so far for Zcash. By year 4, when the mining redirection for Zcash stops, the team will have built a great product, with many partners, and should be fully self-sustaining.

We are doing things a little differently at ZenCash. Instead of starting out with a large amount of funds for development, marketing, partnerships, and everything else a successful organization needs, we are starting out with a community, a coin, and a funding mechanism. We are starting with no money, and bootstrapping our way to success.

Instead of 20% for 4 years, like Zcash, ZenCash is doing a redirection of 12% of the mining rewards for the life of the project. 3.5% goes to maintain the infrastructure (the secure nodes), and 8.5% goes to the treasury for the organization to spend on development, maintenance, improvements, and all the other expenses a viable organization needs to spend money on to thrive and grow.

Purpose - Anonymous Secure Currency for People Worldwide

By focusing on the needs of individual users, ZenCash will address an entirely different market than Zcash. The projects are not competitive, but rather, complementary. ZenCash is focused on providing a useable anonymous crypto-currency and secure communications system for people all over the world.

Why anonymous? Well, why not?! We think people have a right to privacy in their lives and their actions, and just because they use technology, does not mean that technology should give large organizations or governments the ability to track everything the users of the technology do. Many people live in places where they fear for their lives just for saying or doing things that are perfectly legal and respectable in other parts of the world. That is not fair, and it is not right!

If we are able to make a useful cryptocurrency that people want, then, based on supply and demand, the price should go up. With an increase in price, ZenCash will have more money each month in the treasury to spend on improvements and making the system better. Because we start out with a community, and a focus on what users want, we will continue to make the changes and improvements that individual people want in their secure cryptocurrency.

Our intention is to add improvements to ZenCash so the currency can even be used, without being tracked or detected, in countries where cryptocurrencies are currently banned and blocked. Because ZenCash has a secure messaging function, inherited from Zcash, it should enable completely anonymous communications and publishing all over the world as well. If ZenCash can help bring freedom to oppressed people, even in a small way, it will be very exciting for everyone involved in the project!

ZenCash website – https://zensystem.io
ZenCash Blog – https://blog.zensystem.io
ZenCash Github – https://github.com/ZencashOfficial
ZenCash Forum - https://forum.zensystem.io
ZenCash Slack - https://slackinvite.zensystem.io
ZenCash on BitcoinTalk - https://bitcointalk.org/index.php?topic=1819977.0;topicseen

Thanks for the regular news.

Its very important.

I think that despite the difficulties, Zencash is a very good project.

I prefer to bet on Zencash rather than on the project of a traitor half crazy (Zclassic).

Good luck for the next few weeks!

Keep telling us about the progress of the project.

[lupanar]

ZCL is almost dead now and ZEN coin have a good future. Smart people understand it.

[sheld0n]

The price goes down because of the problematic situtation of the developer team and the problematic communication. As an investor I do not really know what the current situation is, although I follow most of the channels like Twitter or this thread.
I think Bittrex will not have a big impact on the price. I will even be good if the problems are solved and the development goes back on the right track. I still believe in ZEN.

Hm. Won't the price just go down like crazy as soon as Bittrex will allow trading again (if they will)?
I imagine loads of miners trying to get rid of their stocks.

[dadach]

any ETA on bittrex zen wallet?

[Zencash]

Anyone running a ZenCash node - please change your reference repository and update before the 117,575 block, which will happen Tuesday midday. At this block the mandatory upgrade takes effect, it is also known as a soft fork. This is especially important for mining pool operators, solo miners, and exchanges.

The master branch at this repo is what you need to upgrade to https://github.com/ZencashOfficial/zen

This is a way to do it if you are currently running a Zen node:

Code:

cd ~/zen
## Set new Remote! This is the most important step!
git remote set-url origin https://github.com/ZencashOfficial/zen.git
## Verify if the new remote has been set to the correct _NEW_ Github!
git remote -v
## Git Pull and Compile as a normal upgrade.
git pull
./zcutil/build.sh -j$(nproc)
./src/zen-cli stop
sleep 10
./src/zend --daemon
 ## Verify if your version matches the newest release!
./src/zen-cli getinfo

If you are running a Zen wallet, you should upgrade that as well. There are binaries available for Windows and Mac for the Eleos version 0.0.7 wallet at https://github.com/zencashofficial/eleos/releases

Assistance is available:
Zen Slack - get a login at https://slackinvite.zensystem.io and the slack is at https://zencash.slack.com
Zen Forum - https://forum.zensystem.io

[eXpl0sive]

What does this soft fork do?  Patch the vulnerability that was recently discovered?

[infofront]

I've been an outside observer for a week or so, but I've recently become a ZenCash investor.

What convinced me to buy is the way the dev team has handled the recent issues. That's when you can really see how good a dev team is - how they respond to a crisis.

I'm also impressed by the recent recruitment of high level talent to assist them.

[Zencash]

What does this soft fork do?  Patch the vulnerability that was recently discovered?

Yes, the softfork patched the transaction replay vulnerability. More details are at this blog post:
https://blog.zensystem.io/zencash-update-saturday-june-10-at-10-pm-eastern/

[rpg]

Anyone running a ZenCash node - please change your reference repository and update before the 117,575 block, which will happen Tuesday midday. At this block the mandatory upgrade takes effect, it is also known as a soft fork. This is especially important for mining pool operators, solo miners, and exchanges.

The master branch at this repo is what you need to upgrade to https://github.com/ZencashOfficial/zen

This is a way to do it if you are currently running a Zen node:

Code:

cd ~/zen
## Set new Remote! This is the most important step!
git remote set-url origin https://github.com/ZencashOfficial/zen.git
## Verify if the new remote has been set to the correct _NEW_ Github!
git remote -v
## Git Pull and Compile as a normal upgrade.
git pull
./zcutil/build.sh -j$(nproc)
./src/zen-cli stop
sleep 10
./src/zend --daemon
 ## Verify if your version matches the newest release!
./src/zen-cli getinfo

If you are running a Zen wallet, you should upgrade that as well. There are binaries available for Windows and Mac for the Eleos version 0.0.7 wallet at https://github.com/zencashofficial/eleos/releases

Assistance is available:
Zen Slack - get a login at https://slackinvite.zensystem.io and the slack is at https://zencash.slack.com
Zen Forum - https://forum.zensystem.io

Your windows wallet DOES NOT WORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[daemonfox]

Anyone running a ZenCash node - please change your reference repository and update before the 117,575 block, which will happen Tuesday midday. At this block the mandatory upgrade takes effect, it is also known as a soft fork. This is especially important for mining pool operators, solo miners, and exchanges.

The master branch at this repo is what you need to upgrade to https://github.com/ZencashOfficial/zen

This is a way to do it if you are currently running a Zen node:

Code:

cd ~/zen
## Set new Remote! This is the most important step!
git remote set-url origin https://github.com/ZencashOfficial/zen.git
## Verify if the new remote has been set to the correct _NEW_ Github!
git remote -v
## Git Pull and Compile as a normal upgrade.
git pull
./zcutil/build.sh -j$(nproc)
./src/zen-cli stop
sleep 10
./src/zend --daemon
 ## Verify if your version matches the newest release!
./src/zen-cli getinfo

If you are running a Zen wallet, you should upgrade that as well. There are binaries available for Windows and Mac for the Eleos version 0.0.7 wallet at https://github.com/zencashofficial/eleos/releases

Assistance is available:
Zen Slack - get a login at https://slackinvite.zensystem.io and the slack is at https://zencash.slack.com
Zen Forum - https://forum.zensystem.io

Your windows wallet DOES NOT WORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

IT SO DOES TOO!!!

https://drive.google.com/open?id=0B8Vvuskew8TmOTF4ai1FRjV2SkE

Win 10 Pro x64

[infofront]

Anyone running a ZenCash node - please change your reference repository and update before the 117,575 block, which will happen Tuesday midday. At this block the mandatory upgrade takes effect, it is also known as a soft fork. This is especially important for mining pool operators, solo miners, and exchanges.

The master branch at this repo is what you need to upgrade to https://github.com/ZencashOfficial/zen

This is a way to do it if you are currently running a Zen node:

Code:

cd ~/zen
## Set new Remote! This is the most important step!
git remote set-url origin https://github.com/ZencashOfficial/zen.git
## Verify if the new remote has been set to the correct _NEW_ Github!
git remote -v
## Git Pull and Compile as a normal upgrade.
git pull
./zcutil/build.sh -j$(nproc)
./src/zen-cli stop
sleep 10
./src/zend --daemon
 ## Verify if your version matches the newest release!
./src/zen-cli getinfo

If you are running a Zen wallet, you should upgrade that as well. There are binaries available for Windows and Mac for the Eleos version 0.0.7 wallet at https://github.com/zencashofficial/eleos/releases

Assistance is available:
Zen Slack - get a login at https://slackinvite.zensystem.io and the slack is at https://zencash.slack.com
Zen Forum - https://forum.zensystem.io

Your windows wallet DOES NOT WORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

IT SO DOES TOO!!!

https://drive.google.com/open?id=0B8Vvuskew8TmOTF4ai1FRjV2SkE

Win 10 Pro x64

Your desktop looks eerily similar to mine in many ways. It looks like you're a Vive owner too?

[rpg]

Anyone running a ZenCash node - please change your reference repository and update before the 117,575 block, which will happen Tuesday midday. At this block the mandatory upgrade takes effect, it is also known as a soft fork. This is especially important for mining pool operators, solo miners, and exchanges.

The master branch at this repo is what you need to upgrade to https://github.com/ZencashOfficial/zen

This is a way to do it if you are currently running a Zen node:

Code:

cd ~/zen
## Set new Remote! This is the most important step!
git remote set-url origin https://github.com/ZencashOfficial/zen.git
## Verify if the new remote has been set to the correct _NEW_ Github!
git remote -v
## Git Pull and Compile as a normal upgrade.
git pull
./zcutil/build.sh -j$(nproc)
./src/zen-cli stop
sleep 10
./src/zend --daemon
 ## Verify if your version matches the newest release!
./src/zen-cli getinfo

If you are running a Zen wallet, you should upgrade that as well. There are binaries available for Windows and Mac for the Eleos version 0.0.7 wallet at https://github.com/zencashofficial/eleos/releases

Assistance is available:
Zen Slack - get a login at https://slackinvite.zensystem.io and the slack is at https://zencash.slack.com
Zen Forum - https://forum.zensystem.io

Your windows wallet DOES NOT WORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

IT SO DOES TOO!!!

https://drive.google.com/open?id=0B8Vvuskew8TmOTF4ai1FRjV2SkE

Win 10 Pro x64

Stop posting links to private cloud drives. Only a dummy will download potentially harmfull software. Where's the source code on GitHub?