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

[fabiorem]

Just a question: this zero-knowledge encryption is the same kind of encryption used in the Mega servers?

[alibert]

I agree. You can really get a good read of someone's character by how they respond to a crisis. This dev team responded very well, and they seem very committed.

What dev team? There has been no coding since Joshua Yabut left..........

[AltInvestor]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

[CrayjeksAjek]

Just wanted to throw out my setup for informational purposes before I add 2 more cards and a new system. Also, if I can be doing better, please let me know

MSI 970A‑G43
AMD Athlon II x4 630
Windows 7 x64
32GB DDR3
2TB HDD
VisionTek RX 480 8GB
XFX RX 480 8GB
Crimson 17.5.2

Wattman Settings for both cards:
Core Clock @1075mhz
-16.5 Intensity
State 6 @910mv
State 7 @929mv

Memory Clock @2200mhz
State 1 @920mv

.bat file is as follows:

setx GPU_FORCE_64BIT_PTR 1
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
ZecMiner64.exe -zpool ssl://us.zenmine.pro:9999 -zwal znpEN4YXZ1xHXgQvwAckWVYJdpGGoDnsZ2s.Ajek -zpsw x -tt 70,70 -fanmax 85,85 -fanmin 35,35 -i 9,9

Running at 542 - 549 h/s total

[kaese2002]

Just wanted to throw out my setup for informational purposes before I add 2 more cards and a new system. Also, if I can be doing better, please let me know

MSI 970A‑G43
AMD Athlon II x4 630
Windows 7 x64
32GB DDR3
2TB HDD
VisionTek RX 480 8GB
XFX RX 480 8GB
Crimson 17.5.2

Wattman Settings for both cards:
Core Clock @1075mhz
-16.5 Intensity
State 6 @910mv
State 7 @929mv

Memory Clock @2200mhz
State 1 @920mv

.bat file is as follows:

setx GPU_FORCE_64BIT_PTR 1
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
ZecMiner64.exe -zpool ssl://us.zenmine.pro:9999 -zwal znpEN4YXZ1xHXgQvwAckWVYJdpGGoDnsZ2s.Ajek -zpsw x -tt 70,70 -fanmax 85,85 -fanmin 35,35 -i 9,9

Running at 542 - 549 h/s total

wattage per card in Afterburner?

[MedaR]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

I think this would not be good idea, when price starts climbing creating masternodes will become very expensive and for most it will be impossible. I think it should stay like this, we only will get more masternodes, increasing requarements won't inflence price much.

[AltInvestor]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

I think this would not be good idea, when price starts climbing creating masternodes will become very expensive and for most it will be impossible. I think it should stay like this, we only will get more masternodes, increasing requarements won't inflence price much.

Since the Masternodes "limit" is 1000, it makes sense.

At $200/Zen each Masternode will cost $20,000(100),$40,000(200). Seems reasonable considering the current price of a DASH Masternode($175,000~).

[AltInvestor]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

I think this would not be good idea, when price starts climbing creating masternodes will become very expensive and for most it will be impossible. I think it should stay like this, we only will get more masternodes, increasing requarements won't inflence price much.

Also, if the price will become very expensive, investors are more then welcome to chip in right now while the price is $8~/Zen.

Early investors reap the rewards, this is how it should be.

[playingpoodles]

Look, let's stop pretending that having one of the devs acting like a mentally unstable, disloyal trashcan had no impact - every single person here got burned by that. Look, it's a very bad thing, and we'd be in a very different place had it not happened. I don't think it was catastrophically damaging. I view it as an opportunity also as it probably prevented a price pump that was otherwise happening, and gives us more time to buy coin at a reasonable price. What else were the remaining devs meant to do than try to right the ship, control the damage, and move on? We've got a funded development model, over time that will show its value.

My two bob.

[CrayjeksAjek]

Just wanted to throw out my setup for informational purposes before I add 2 more cards and a new system. Also, if I can be doing better, please let me know

MSI 970A‑G43
AMD Athlon II x4 630
Windows 7 x64
32GB DDR3
2TB HDD
VisionTek RX 480 8GB
XFX RX 480 8GB
Crimson 17.5.2

Wattman Settings for both cards:
Core Clock @1075mhz
-16.5 Intensity
State 6 @910mv
State 7 @929mv

Memory Clock @2200mhz
State 1 @920mv

.bat file is as follows:

setx GPU_FORCE_64BIT_PTR 1
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
ZecMiner64.exe -zpool ssl://us.zenmine.pro:9999 -zwal znpEN4YXZ1xHXgQvwAckWVYJdpGGoDnsZ2s.Ajek -zpsw x -tt 70,70 -fanmax 85,85 -fanmin 35,35 -i 9,9

Running at 542 - 549 h/s total

wattage per card in Afterburner?

About 79 watts per card

[monsanto]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

I think this would not be good idea, when price starts climbing creating masternodes will become very expensive and for most it will be impossible. I think it should stay like this, we only will get more masternodes, increasing requarements won't inflence price much.

Also a lot of people probably specifically planned for zen by holding enough zclassic during the fork for a masternode. They already probably aren't happy with how the launch has gone, and they will only be more unhappy if you change the masternode requirement now. It's on the low end but if zen went up 3x it'd be over $1000 per masternode.   

[daemonfox]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

I think this would not be good idea, when price starts climbing creating masternodes will become very expensive and for most it will be impossible. I think it should stay like this, we only will get more masternodes, increasing requarements won't inflence price much.

Also a lot of people probably specifically planned for zen by holding enough zclassic during the fork for a masternode. They already probably aren't happy with how the launch has gone, and they will only be more unhappy if you change the masternode requirement now. It's on the low end but if zen went up 3x it'd be over $1000 per masternode.   

But when mining is steadily costing me and others only 10% of that or LESS to get those coins... see what's happening there.

Participation begets value. Can't be overtaxed for running a node, if you earned your stash the way it was designed to be.

[SubSpace666]

ZenCash has a few strengths. It has committed devs - that hasn't shown through the last fortnight because of the nightmare resulting from one individual's conduct - but over months it should show through. Masternodes also should definitely offer support for price increase, although my view is the number of coins required to be held needs to be higher than the 42 so far suggested to effectively support price.

Zcash has lots of support, and also a great developer team. At about $400 a coin though, my view is that ship has already sailed - I personally would find it higher risk to invest in Zcash at $400 versus ZenCash at around $8.80. Zcash could spike some more, it could even double, but in my view it's got more room to crash too. I expect ZenCash to stabilise and rise slowly over the short term - when incentivised nodes come in or other developments, that's when I see it rising faster.

Please increase the Masternodes coin requirement to 100-200.

Since the Masternodes "limit" is 1000, it makes sense.

At $200/Zen each Masternode will cost $20,000(100),$40,000(200). Seems reasonable considering the current price of a DASH Masternode($175,000~).

i might be wrong but from what i recall seeing in white paper the 1000 secured nodes was not a limit but what the devs wanted to have soon after launch , dont think thers a limit . making a limit doesnt make sense anyway since market will decide when thers enough nodes on its own . the only point in making big coin minimums like 100-200 or more for a secured nodes is to make money for the select few who can afford it , (ponzi scams) kinda what i consider dash / pivx and the likes are , imo.   

[alibert]

Actually there is no need for a minimum for a node. Its only to push the coin. And 1000 is the goal, not a limit. It will just decrease profit if more than 1000 nodes are online.

Btw, afaik there are 4 coins who offer rewards for nodes: Dash, PIVX, Crown and Excl.

[muf18]

What I like (more like liked - in the past), about this project was incentive and looking promising with new features.
Now it's looking bad, because - dev gone, fees (almost 13%) and centralized solutions, it wasn't meant to be another ZCash, but it's getting to this point - even praising ZCash, which definately isn't what cryptocurrenies/assets, decentralized should look like.
But seems like they are trying to push it that way. I will always go anytime with decentralized solution and open-sorce, community driven, than centralized, and fees driven. And I think that most of the real cryptocurrency users and fans believe and go with such solution, than centralized, nodes setup.

Decentralization not centralization is a way-to-go.

[playingpoodles]

What are you talking about 13% fees? There's a known funding model, set out in the Whitepaper, 3.5% for devs, 3.5% for secure nodes, 5% for DAO, which makes a total of 12%. This to me is the major STRENGTH not weakness of ZenCash. I also thought it was fairer to all parties than a straight up 20% going to devs as in Zcash.

What centralize solution are you talking about? This is a distributed proof of work coin with an ASIC resistant mining algorithm. In what sense is it centralized visa-vis other ASIC resistant coins? How are nodes centralized if they're private people staking their own ZenCash?

I think criticisms of ZenCash should be made, but ones with a basis, like the poster before you, rather than one's just made up.

What I like (more like liked - in the past), about this project was incentive and looking promising with new features.
Now it's looking bad, because - dev gone, fees (almost 13%) and centralized solutions, it wasn't meant to be another ZCash, but it's getting to this point - even praising ZCash, which definately isn't what cryptocurrenies/assets, decentralized should look like.
But seems like they are trying to push it that way. I will always go anytime with decentralized solution and open-sorce, community driven, than centralized, and fees driven. And I think that most of the real cryptocurrency users and fans believe and go with such solution, than centralized, nodes setup.

Decentralization not centralization is a way-to-go.

[Kryptowerk]

Any updates on Eleos wallet?
Is it working for windows now?

[daemonfox]

Any updates on Eleos wallet?
Is it working for windows now?

Both the eleos wallet and the zend/swing wallet version worked fine for me on Win 10 Pro x64.

Check OP, and grab the updated zend and zen-cli, then the swing wallet jar. Follow instructions. wallet has been online for days since those were posted.

[rpg]

Any updates on Eleos wallet?
Is it working for windows now?

Ignore eleos. It's a piece of crap. Download swing

[lupanar]

Any updates on Eleos wallet?
Is it working for windows now?

Yes, it's working fine, you can download it from here https://github.com/zencashofficial/eleos/releases