Coinbase Advance Only supports Limit Orders

[aquietinvestor]

Here’s the background on why Coinbase currently only supports limit orders for ZEC:

Mining pool ViaBTC controls over 51% of Zcash hash rate

Here’s a summary of what @Beth and I are doing to address it:

Mining issue. Serious

@Beth and I have been working with Coinbase and various mining pools to try and resolve this issue. Here’s where we currently stand: We spoke with ViaBTC, and unfortunately they say there’s not a lot they can do because they don’t run Zcash miners themselves and don’t want to tell their clients to move to other pools because it might negatively impact their revenues. We have also been reaching out to other mining pools to determine how to address and resolve this issue. So far, in additio…

Over the past few days, ViaBTC’s share has remained consistently under 51%, based on the data they provide for the last 1,000 blocks. Hopefully this trend continues. Coinbase has not specified an exact duration for ViaBTC to maintain a hashrate below 51% before resuming market orders; they have only indicated it needs to be sustained for “a period of time.”

Here’s the link to monitor the hashrate distribution: Zcash (ZEC) Equihash | Mining Pools