With a price chart like ZEC’s, it’s no mass GPU-miners else’s interest in it . Miners came to Zcash after the wild hype around the launch, but today there is no trace of it left, only a residue of resentment.
On any mining forum in Russia, the most popular word among GPU miners in the Zcash thread is “betrayal”.
Ycash has all the upgrades of Zcash, a cool wallet, but hey, where are the miners?
After a series of possible delistings, the two coins will have even fewer differences. And Ycash has a much higher shielding percentage by the way. This is proof that no one is mining for an idea. Everyone wants a monetary prospect.
I wrote above that we’ll snatch a 51% attack the week after we do this. Because there are tons of detractors around Zcash who are willing to pay money for an expensive tombstone for it.
Been active in Vertcoin, some interesting stuff they did too! SPA for the GPU is what some say! Not sure of technicals, but would be fun if verthash could be used
I love that people right now don’t see the value in it. It allows me to accumulate. In Ycash, I like the idea of GPU PoW mining. What was lost in Zcash and can’t be regained, but what I valued in it. I don’t care what anyone thinks about this project and I don’t own half a million YECs of course. I buy as much as a couple of my farms would give me, which are not available to me today. And it comes at a perfect settlement price, without any overpayments. This purchase means that I am contributing and supporting those who mine. I’m not going to support all Zcash forks, but I will support a friendly fork.
Zcash and Ycash are not numbers on a graph. It’s people and an idea.
Bro, Bro, I was wanting to know how to mine using a processor because until now I haven’t found any mining company that was actually updated or at least worked on other pools. And from what I’m seeing, it’s worth using a processor rather than buying an Asic.
I believe that if Zcash goes hybrid PoW/PoS instead of simply switching the algorithm then the risk of 51% attack is mitigated.
Theoretically since the PoW side can’t override the PoS side then literally any algorithm can be set to the PoW side, so why not also use it as a tool attract more participation with Zcash?
Seriously, though, I am still against changing the algorithm for several reasons.
Yes, I admit that ASIC mining is a kind of monopoly, primarily because it requires certain large investments. And it also takes a lot of courage to get involved in this when, for more than six years, news sources have been predicting a transition to PoS. These people took a big risk by buying ASICs to support Zcash, they support Zcash with their investments, yes, for profit. But when Qubic rebuilt blocks in Monero last year, I was completely calm. Zcash was not threatened in any way. Qubic tried to do it, I saw them trying, but they didn’t even have 2% of Zcash’s hashrate, while Monero’s hashrate was captured. It’s totally unfair to just take and change the algorithm, especially when ZEC is basically the only valuable coin on Equihash.
Speaking of Monero, as we have seen, there are no ASIC-resistant protocols (I have always been sure of this). All you can do for ASIC resistance is to blackmail ASIC manufacturers by changing the algorithm. Bitmain got burned once, but after the Qubic story in 2025, they apparently got a clear signal from the Monero developers that they no longer intend to hinder ASICs. Meet the ASIC for Monero this summer.
Understanding that any such proposals are enthusiastically received by the people, I urge everyone not to tease people unnecessarily with things that are not the right way to go for Zcash. (Resetting someone’s investments is definitely the wrong approach.)
If we go hybrid PoW/PoS before full PoS then there is no risk of 51% attack by changing the algo at that time. I don’t see why people keep bringing 51% attacks as an argument against GPUs because Zcash is already over 51% by a single pool and has been as high as 70% but everyone keeps silent about it.
Even if 100% of the hash rate is concentrated in one pool, it does not constitute an attack. There is not a single example in the history of blockchains of any pool attacking the network. This contradicts the incentives of the players. History knows at least three long periods when Bitcoin was mined by more than half of the hashrate by one pool. But if you are on a GPU, rest assured that a service like NiceHash will definitely come after you. And they will do it to rebuild blocks.
But the most dangerous thing in the world of finance is populist tactics, such as calls to do what the majority likes, because this definitely puts you in a vulnerable position, since the majority is often an uninformed majority. I’ve been seeing these examples in Zcash quite often lately, and to be honest, it’s starting to disappoint me greatly. Although I’m almost certain that changing the algorithm in Zcash is impossible because those 56% of the hash rate almost certainly belong to our main voting holders in the poll.
And my main point is still that you can’t just change algorithms in order to take money from the rich and give it to the poor, as if it were a revolution in tsarist Russia. That’s some kind of ridiculous communism. People are investing in ASICs right now, waiting six months for their equipment to arrive, and we are discussing simply taking and ruining their investments — turning them into scrap metal. I will never be a supporter of non-market solutions.
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