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Author Topic: What is the Future of Zcash? ASIC Mining, Coinbase Adding ZEC? Zooko $340,000?!  (Read 265 times)
VoskCoin (OP)
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June 29, 2018, 03:14:04 AM
 #1

What is the future of Zcash a privacy oriented cryptocurrency, inspired by Bitcoin. Zcash has decided to remain an ASIC mineable crypto, so the Bitmain Antminer Z9 and Innosilicon A9 will make GPU mining of Zcash/ZEC obsolete. Coinbase appears to be slated to add Zcash to their coins to buy on their platform in 2018. Zooko the CEO of Zcash earns approximately $340,000 dollars a year from the Zcash block reward tax.

https://youtu.be/jBaGLATCImk


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gameboy366
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June 29, 2018, 03:43:28 AM
 #2

Hmm.....$340,000 a year. That's really low. I thought he might have 100s of millions.
Mamasita22
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June 29, 2018, 03:51:12 AM
 #3

Hmm.....$340,000 a year. That's really low. I thought he might have 100s of millions.
It is only for block taxes calculated for bearish market. I'm sure he has other possibilities, and not only him in Zcash
madnessteat
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June 29, 2018, 12:26:19 PM
Last edit: June 29, 2018, 02:07:38 PM by madnessteat
 #4

Thank you for the information. Zooko makes good money. And we, the miners mining ZEC recently can not even pay back the equipment. We are waiting for the currency exchange to turn around. I apologize for my English.

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VoskCoin (OP)
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June 29, 2018, 05:34:30 PM
 #5

Hmm.....$340,000 a year. That's really low. I thought he might have 100s of millions.
Sorry I misspoke to clarify he earns (reportedly) 340k a month O_o

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VoskCoin (OP)
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June 29, 2018, 05:35:11 PM
 #6

Thank you for the information. Zooko makes good money. And we, the miners mining ZEC recently can not even pay back the equipment. We are waiting for the currency exchange to turn around. I apologize for my English.
Your english is fine! Thanks for watching I am glad you enjoyed it. Unfortunately the trend this year seems to be projects abandoning their GPU miners

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VoskCoin (OP)
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June 29, 2018, 05:36:19 PM
 #7

Hmm.....$340,000 a year. That's really low. I thought he might have 100s of millions.
It is only for block taxes calculated for bearish market. I'm sure he has other possibilities, and not only him in Zcash

yeah it is reportedly 340k a month w/ current low ZEC price

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dagarair
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June 29, 2018, 05:54:14 PM
 #8

I'll join that Luxor with ya bro see how it pans out.  I was on flypool. 

You know it's all when you boil it down just jealousy.  I sure as hell would of loved to have the foresight to do what he did!

on a side note:
I'm almost done building my facility.  I'll toss pictures up in the coming weeks on the long and difficult process.  4 mega watts to start but can scale to 12.  I'll take up close to 1 mw for me.  The rest i'll rent but i'm building this for me first so not too concerned about it hehe.

4MW Data Center - I BUILT Tongue  - Full story below:
https://bitcointalk.org/index.php?topic=4789787.msg43227027#msg43227027
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June 29, 2018, 06:26:14 PM
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I'll join that Luxor with ya bro see how it pans out.  I was on flypool. 

You know it's all when you boil it down just jealousy.  I sure as hell would of loved to have the foresight to do what he did!

on a side note:
I'm almost done building my facility.  I'll toss pictures up in the coming weeks on the long and difficult process.  4 mega watts to start but can scale to 12.  I'll take up close to 1 mw for me.  The rest i'll rent but i'm building this for me first so not too concerned about it hehe.

Power cost?
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