You didn’t understand what I was saying!
What were you trying to say? Give us more details.
Just saying “You have to think of it in a different way.” is not good enough.
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So…124 million a year for 4 years.
496 millions dollars in dev fees.
Yah…I’m sorry. That’s a ludicrous amount.
I am totally for dev fees, like 2%-5%
20 percent is ridiculous, for 500 million dollars the foundation most certainly should of had a fork for ASICS ready. I’d like a breakdown of money spent from dev fee.
500 million in 4 years. What a joke
Edit…
Read the zcash blog about investors. Still a huge amount. Now I feel this is a security.
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Yep, 4 years, 2100000 ZEC (= 525 million dollars). That was the deal.
If you disagree with the fee, you can switch to Zclassic which is basically Zcash without Founder’s Reward and a very solid project
I wish they had a dev team. Or I probably would. Once I read how much devs/investors get, think I may do some research and change my rigs to zen cash?
I will say it straight what he tried to say (in my opinion!).
While the 10.4M go to the whole company and it’s expenses it would be an argument that someone (Zooko?) could get money from Bitmain and only him taking it not sharing anything.
At least that is what i got out of chucky732’s statement and it’s not my opinion in no way, just to clarify this here!!!
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Plausible, but unprovable.
Thanks for clearing things up.
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Just because it’s a lot of money nowadays makes you fed up?
No idea how you run your business, but i doubt you would work only for 2-5% with all the risks, investements, expeneses, whatever, would you? Would you really mine for 2-5% bevor taxes, expeneses, wages, whatever?
I admit i never had any investements in any of my business bigger than reaching 1M but several with 6 digits and believe me, it’s huge risk and nobody is investing in higher risk projects if it doesn’t pay out at the end. Even in low risk businesses nobody is risking serveral millions and years of work for a 1% profit, just impossible.
But everyone is free to his own opinion. In yours someone should not profit from the risks he took, in my opinion it’s more than deserved when a project gets successfull …
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This is supposed to be de centralized.
Clearly this coin is NOT.
Before any of the claims of mining and ASICS.
People and company’s put money in with intention of getting money back. Basically a security to start. And these people and company’s have say over said coin.
Not decentralized by any means. Just all different than I expected. I thought this was for the people. Not rich investors with 2 million extra to invest to make 10 million later.
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Seriously, i understand your thoughts and ideology, but that’s how businesses and projects work.
Some collect money from an ICQ and the people there invest in hope to get x times the amount back, or investe directly into a project again with the hope to get the money back with a profit.
Everbody seems to have different views on what decentralization really is, what it should be or what it should not be.
I have no idea who the investors are (if i remember right one of them is Roger Ver, or was in the beginning).
But it’s just logical that there are funds needed to whatever start up, no idea how you feel that a big project is build out of nothing? This works out in 1 of 100.000 cases maybe only.
As well it’s all very well explained in all the papers. After i know it being only a member here for some weeks now i wonder how others, sooo much interested in Zcash project are not aware how the reward is spent, so yes, 1.65% go to investors and if you readed the paper carefully you would have noticed that the investors equitity is evenly distributed even for that, maximum possible decentralization…
I did read the paper. And the investors don’t get even money. They get a percent of that depending on how much they invesyed
Also 2500 units witch probably 200 people bought will replace around 100 000 Zcash miners around the world
2,500 Z9 mini units would increase the total difficulty by very little. Maybe 10%, if that. What math are you using?
If the first batch of Antminer Z9 mini has a total of 2,500 units. That makes 25M sol/s of hashrate (about 5% ~ 6.25% of the network). And currently over 90% of the network hashrate is from GPU mining pools (Flypool + Nanopool + MiningPoolHub + F2Pool).
Looks like ASIC (or BITMAIN) couldn’t dominate the network after all, unless BITMAIN runs a mining farm with about 40,000 units of Z9 mini or financially takes over Flypool.
I think I’m going to buy one when the big guy comes out.
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Ill buy a maxi too if the z9 mini gets shipped smoothly and runs well (with no spyware)
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you guys still believe in that spyware rumours? Amazing.
It’s not a rumor.
It is as it’s been fixed since early 2017 allready … Since than its a rumour if someone thinks that the antbleed is still there.
All firmware has been updated long long time ago and antbleed is no more present.
So if someone still fears it about over 1 year later it’s a rumour at best.
Do you think a company that was willing to do this once would not do it again but in a more clever, less conspicuous way?
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I treat all hardware with a high degree of caution and skepticism. It’s common sense to trust nothing. One shouldn’t plug an unknown usb thumb drive into their computer. One should also not put unknown devices on their networks either.
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be sure that after the antbleed “bug” the firmware has been examined 100000’s of times to find it again or something similar. As this did not happen and nobody ever again came up with it i would say it’s safe.
IF you don’t need proof and evidience for your believs than that’s fine of course, nobody is forcing you to thrust or buy whomever/whatever. I just wanted to to mention that antbleed has been fixed long time ago!