Announcing Zcash Blossom and proposed feature goals

[Moordrik]

@Permaetheus

I am an active GPU miner and I mined Zcash for years. But plans to revert back to serve a tiny tiny group of people that want to mine with GPUs is mind bogglingly bad for Zcash’s future.

Now that statement is probably true, most likely non-existent group. I don’t see any viable economic scenario to use GPU’s on Zcash with ASIC in the game now…heck they are competing for scraps now…so what is the point now??

@Permaetheus

GPU miners help bootstrap a network until ASICS come online that provide better security and energy efficiency for a POW chain. After a few years ASICS advancement will plateau and prices will drop once again making it accessible to more people. We know this and it’s on the cusp of happening for bitcoin.

I would actually be alright with that scenario if that was the actual intention all along instead of shaping the narrative to fit the current reality. The reality, as outlined in the original Zcash announcements was they would be ASIC resistant…so no, these statements are not true in the case of Zcash. The only price dropping anyone is seeing in hardware is in proportion to the value of the coin itself and the anticipated revenue a single mining unit can generate. which is almost nothing at this point for anyone who doesn’t have a large operation and exceedingly cheap power.

@Permaetheus

All engineering efforts should be focusessed on making Zcash become a valuable (and thereby useful) money. That means - eliminating the trusted set-up, moving to privacy by default and aiming for more efficient privacy, and empowering the community to decentralize and take ownership of Zcash, rather than Zcash Corp owning everything (perception).

I agree on these points entirely. It too late to try to try to mend ties with GPU miners…either they switched to ASIC or they moved onto another coin already. Half measures aren’t going to generate any good will in the GPU mining world to be honest, you burned that bridge already. However, you will most likely never see a day where Zcash is free from the Zcash Co. control. They own the mark and logo, and they control the dev team. Why would they ever give their source of recurring revenue?

@Permaetheus

Please don’t waste resources on the few GPU miners that are mad for this month when you should be playing the long game. This is such a silly project to waste time and money on.

Have to agree. Don’t waste your time on the GPU miners, because I seriously doubt any of the serious GPU miners are going to waste their time on you. Maybe if the coin value increases they will mine and dump for profits…but that will be about it.

By the way I’m still sitting on my coins waiting for the magic pump all the pro ASIC folks said was coming with the introduction to ASIC…as we sit at ~$66 a coin. Funny I remember it still being worth 8 times that value before ASIC went full swing…where did that magic pump go? Speaking of which what happened to the message of careful consideration of the ecosystem to ensure mining was not diluted to the point of being a losing venture? That didn’t seem to happen either. The opposite happened. Bitmain came, they flooded the market with their miners, so did Innosilicon. Now Bitmain doesn’t seem to have “any” equihash miners for sale (too busy chasing the big coin), and Inno says…well maybe we have one…maybe we don’t. Guess you have to give us your money and wait and see. Yeah…that solved the GPU shortage…everything is so much more accessible now…not /sarcasm.

Remind me again how this ended up for the better???