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Author Topic: For the first time in a while... seems like there is a shortage of miners  (Read 3739 times)
Bameras
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April 23, 2017, 07:33:13 AM
 #41

@groovy1962

ZCash is alluring for many reasons but it is developed by a company. It's growth and development is less organic than how Bitcoin came up. ZEC just got propped onto Poloniex on day 1 with a hype train for it is Bitcoin 2.0 and we all know the Poloniex effect by now. That slow start emission was a way to jack the price up early. Honestly looking at it if I was a dev I'd be selling all my ZEC early while the price was effectively manipulated and pumped up early for lots of BTC and than buy back in when it is cheap. 10% of all ZEC to ever be mined going to a small group of people is a very high amount of wealth if this were to reach world changing high value. 20% of the first 4 years of mining is 10% of all ZEC to exist due to the halvenings upon halvenings every 4 years. It's something how saying 20% for the first 4 years only downplays the magnitude.

The clones do not suffer in the same way LTC does. LTC only offered 4x quicker block time to speed things up. There was no special interest and possible centralization motives in the development in either coin so LTC just became silver compared to gold.

ZEC devs are a closed group. It's not for the people by the people. It's for the little people, by the big people. ZCL is more of a community coin. Without any radically high founders tax on ZCL they managed to develop a windows wallet before the super professional and well compensated ZEC team. Why are these guys paid so much to continue developing the coin?

Oh one more thing. People like to attack Dash over the instamine and how Evan has 500,000 instamined coins. Well 500k out of 18 million when Dash hits its total circulation is only 2.7% of the total Dash circulation actually. That's nearly 1/4th of 10% in the case of ZEC's pseudo dev instamine

After 4 years it will not be paid by the ZEC miing. So at that time, it could be developed by a larger community.
philipma1957
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April 23, 2017, 11:32:28 AM
 #42

Zec will continue to do well

It has a small market cap. under 80 million

Nvidia clearly mines it better then AMD

So as an incentive to buy a 1080ti,1080,1070,1060

  they can prop up Zec with ease

Nvidia has  53 billion dollar market cap.

If this is wrong  why did they just build  these two cards

https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1060-amp-edition-plus 9gb ram
https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1080-amp-extreme-plus 11gb ram

they will be zec killer-miners that is why

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Redrose
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April 23, 2017, 12:30:10 PM
 #43

Zec will continue to do well

It has a small market cap. under 80 million

Nvidia clearly mines it better then AMD

So as an incentive to buy a 1080ti,1080,1070,1060

  they can prop up Zec with ease

Nvidia has  53 billion dollar market cap.

If this is wrong  why did they just build  these two cards

https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1060-amp-edition-plus 9gb ram
https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1080-amp-extreme-plus 11gb ram

they will be zec killer-miners that is why


This is an argument I heard many times, including Intel instead of NVidia for ZCash too I think. But really, I doubt they would bother making graphic cards just for us miners, as they probably sell more GPUs in one week to the rest of the world than in one year to us.
philipma1957
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April 23, 2017, 01:18:55 PM
 #44

Zec will continue to do well

It has a small market cap. under 80 million

Nvidia clearly mines it better then AMD

So as an incentive to buy a 1080ti,1080,1070,1060

  they can prop up Zec with ease

Nvidia has  53 billion dollar market cap.

If this is wrong  why did they just build  these two cards

https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1060-amp-edition-plus 9gb ram
https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1080-amp-extreme-plus 11gb ram

they will be zec killer-miners that is why


This is an argument I heard many times, including Intel instead of NVidia for ZCash too I think. But really, I doubt they would bother making graphic cards just for us miners, as they probably sell more GPUs in one week to the rest of the world than in one year to us.

I am not privy to their board room talks. But the Nvidia vs AMD  fight runs deep  been going on for a long time.

Zec came along and Nvidia crushes AMD at mining it.  I have to think that this pleases them.

 And that market cap is tiny  under 80 million  every once in a while they can pump it.  They could also mine it  more cheaply then anyone in the world.

Remember  it is a way  to get btc   far more cheaply  then any other mining method.  I just can't see them not doing it.

 what is it to them to have 10,000 1070's mining it at nicehash  directly converted  to  btc then every 30 days use that btc to pump zec.

that looped effect would turn a profit  costing  them no real money and it would keep the price of zec boosted.  

lets Do the math   10,000 gpus  x 440h = 4,400,000h  that is  739 btc per month  and they simply  buy  339 btc of zec once a month  to pump the price.

the other 400 btc  pays off their capital costs.

So effectively they earn a profit running that farm  and use some of the profits not all just some  to prop up zec.

they can do this for as long as eth is pow and zec has a low market cap.

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antantti
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April 23, 2017, 05:18:08 PM
 #45

then every 30 days use that btc to pump zec.

they simply  buy  339 btc of zec once a month  to pump the price.

Zec needs 300 btc EVERY DAY just to keep the price at 0.05, so far someone has been willing to pay that. $1,000,000 every three days. Who that someone is we don't know, he doesn't show on buy books. Alternatively someone mines most of the daily supply and holds, somehow I find it hard to believe.

Biggest zec 'market' does $2,000,000 daily volume with buy book worth of $100,000 (haha!), second biggest daily $600,000 with $300,000 of buys. Not sure if your theory is right but something is going on for sure.

Good food miners though.



Redrose
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April 23, 2017, 05:20:08 PM
 #46

Zec will continue to do well

It has a small market cap. under 80 million

Nvidia clearly mines it better then AMD

So as an incentive to buy a 1080ti,1080,1070,1060

  they can prop up Zec with ease

Nvidia has  53 billion dollar market cap.

If this is wrong  why did they just build  these two cards

https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1060-amp-edition-plus 9gb ram
https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1080-amp-extreme-plus 11gb ram

they will be zec killer-miners that is why


This is an argument I heard many times, including Intel instead of NVidia for ZCash too I think. But really, I doubt they would bother making graphic cards just for us miners, as they probably sell more GPUs in one week to the rest of the world than in one year to us.

I am not privy to their board room talks. But the Nvidia vs AMD  fight runs deep  been going on for a long time.

Zec came along and Nvidia crushes AMD at mining it.  I have to think that this pleases them.

 And that market cap is tiny  under 80 million  every once in a while they can pump it.  They could also mine it  more cheaply then anyone in the world.

Remember  it is a way  to get btc   far more cheaply  then any other mining method.  I just can't see them not doing it.

 what is it to them to have 10,000 1070's mining it at nicehash  directly converted  to  btc then every 30 days use that btc to pump zec.

that looped effect would turn a profit  costing  them no real money and it would keep the price of zec boosted.  

lets Do the math   10,000 gpus  x 440h = 4,400,000h  that is  739 btc per month  and they simply  buy  339 btc of zec once a month  to pump the price.

the other 400 btc  pays off their capital costs.

So effectively they earn a profit running that farm  and use some of the profits not all just some  to prop up zec.

they can do this for as long as eth is pow and zec has a low market cap.

I can exactly understand your theory, and I were them I would be doing the same. But what I doubt is if they are even aware of Bitcoin (probably) and there is other crypto-currencies (less probably). And while Ethereum may have come to their ears, ZCash seems less likely.
philipma1957
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April 23, 2017, 07:07:31 PM
 #47

Zec will continue to do well

It has a small market cap. under 80 million

Nvidia clearly mines it better then AMD

So as an incentive to buy a 1080ti,1080,1070,1060

  they can prop up Zec with ease

Nvidia has  53 billion dollar market cap.

If this is wrong  why did they just build  these two cards

https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1060-amp-edition-plus 9gb ram
https://www.zotac.com/us/product/graphics_card/zotac-geforce-gtx-1080-amp-extreme-plus 11gb ram

they will be zec killer-miners that is why


This is an argument I heard many times, including Intel instead of NVidia for ZCash too I think. But really, I doubt they would bother making graphic cards just for us miners, as they probably sell more GPUs in one week to the rest of the world than in one year to us.

I am not privy to their board room talks. But the Nvidia vs AMD  fight runs deep  been going on for a long time.

Zec came along and Nvidia crushes AMD at mining it.  I have to think that this pleases them.

 And that market cap is tiny  under 80 million  every once in a while they can pump it.  They could also mine it  more cheaply then anyone in the world.

Remember  it is a way  to get btc   far more cheaply  then any other mining method.  I just can't see them not doing it.

 what is it to them to have 10,000 1070's mining it at nicehash  directly converted  to  btc then every 30 days use that btc to pump zec.

that looped effect would turn a profit  costing  them no real money and it would keep the price of zec boosted.  

lets Do the math   10,000 gpus  x 440h = 4,400,000h  that is  739 btc per month  and they simply  buy  339 btc of zec once a month  to pump the price.

the other 400 btc  pays off their capital costs.

So effectively they earn a profit running that farm  and use some of the profits not all just some  to prop up zec.

they can do this for as long as eth is pow and zec has a low market cap.

I can exactly understand your theory, and I were them I would be doing the same. But what I doubt is if they are even aware of Bitcoin (probably) and there is other crypto-currencies (less probably). And while Ethereum may have come to their ears, ZCash seems less likely.

I used to think this but the 2 new cards by zotac are built perfectly for mining zec.

a 1060 with 9gb and a 1080 with 11.2 gb. 

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
antantti
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April 23, 2017, 07:57:41 PM
 #48

I used to think this but the 2 new cards by zotac are built perfectly for mining zec.

a 1060 with 9gb and a 1080 with 11.2 gb

6GB 9Gbps and 8GB 11Gbps so only mem oc ~10%.
philipma1957
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April 23, 2017, 11:48:38 PM
 #49

I used to think this but the 2 new cards by zotac are built perfectly for mining zec.

a 1060 with 9gb and a 1080 with 11.2 gb

6GB 9Gbps and 8GB 11Gbps so only mem oc ~10%.

the 6gb to 9gb  on the 1060  should make the card jump from 330h to close to 400h  I am looking to test the card as it appears as if it will really jump mining zec.

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▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
antantti
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April 24, 2017, 12:04:45 AM
 #50

I used to think this but the 2 new cards by zotac are built perfectly for mining zec.

a 1060 with 9gb and a 1080 with 11.2 gb

6GB 9Gbps and 8GB 11Gbps so only mem oc ~10%.

the 6gb to 9gb  on the 1060  should make the card jump from 330h to close to 400h  I am looking to test the card as it appears as if it will really jump mining zec.

They are not adding more memory only the speed of the memory is 10% higher. 6gb is still 6gb, nice marketing though...
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