Actually you might be right, mostly it depends on the inflation.
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Actually, if coin has less volume it should have less share of newly-mined coins exchanged. So it may mean that XMR miners prefer to hodl more than ZEC’s.
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First:
More coins = more coins that can be exchanged.
I don’t see any correlation with less volume less newly-mined coins exchanged.
Second:
Zcash issuance is higher than moneros (almost 3 times)
Third:
Malware mining. I doubt who mines with malware would exchange it often. I’d say once a year max (if not one time only).
That’s why botnets are not the problem for crypto ecosystem. They surely have zero electricity cost for attacker but they prevent coins being sold to pay for electricity and hardware updates. However, as I’ve written ~2000 messages up, botnets today have extremely low sub 5% hashrate share at Monero. They are unable to 51% attack it and they also have tons of motivation not to do it.
Only September and already Z9 mini down to 3-4 dollars a day. With the current Difficulty of 26m the mini will mine around 16 coins in 1 year. I dont think this is even close to the peak of the hashrate yet, its still climbing and fast, thanks ASICs.
Few months ago before ASIC hashrate spike, 6 1080Tis would mine 15 coins in 1 year at 10m Difficulty, Soon the mini will mine as many coins as a 1080TI did, only now it costs 300+ watts… how are ASICs so much more efficient again?
GPU vs new GPU models was a small increase, that is why people liked a GPU coin. We didnt have to worry about a new model comming out and makeing all the old models obsolete within 3 months. It added stability to the mining ecosystem.
Only a few months have gone by and the Mini has gone from $30 to $3…only the people who got them early will or have profited, everyone else is screwed, including uninformed new people that ordered anything past the first 2 batches.
Specialized Hardware, in limited supply, with huge wait times, from one or two companies goes against the concept of what Proof Of Work is suppose to achieve…
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Those guys with the mini need to overclock them to 16500 sols then they can make $5.89 a day. Until the difficulty go’s up again. Soon Zcash will be like BTC. All the Asic miners mining at no profit!!
Lets make ZCASH great again.
Protect coin from ASICS!
@Lisfin @chucky732 @nec did you already try Horizen(ZEN)?
I was a big fan of Horizen also, sounded like a great project, they even said they were planning to fork because of ASICs, I was thinking this might be the salvation GPUs will need. A few months later they said they were not going to fork.
The ASIC debate was handled very poorly once again, 90% of people were against ASICs just like ZCash, yet they voted not to fork or maybe in 2 years…AKA not fork. I lost faith in most coin teams in general, after so many flipped at the first sign of a ASIC, shows you cant belive in a project, because other work might be more important to them then you.
Seeing what happens to ASIC coins(ASIC race every 3 months) I was excited to see GPU only coins! Zcash and Zen sounded like projects that were open to the community, now I could careless if they make it or not. To me they betrayed the people that helped secure the network for over a year, what do we get out of it? Booted off the network. Hope going from 100,000 GPUs to 10,000 ASICs is the decentralization you wanted.
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so you sold already all your ZEC you got helping to secure the network?
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You will have to try ZEN with your z9
no, I invented a new coin. Coinplain <> Complain
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Just some general things:
More and more coins get successfully attacked. The last weeks i’am aware of successfull attacks on Linda, MUE and Florin, all asic coins. 2 of them switching to POS asap. I guess it will continue that way that weeker coins get attacked and move to POS (not only asics!). This will force more and more hardware to less and less coins POW mining.
A Lyra2REv2 Asic has been released. Dayun Zig Z1, 28nm chips, 6.8GH/s @ 1200W or in other words, 1x Asic is mining the same like ~ 100x 1080ti’s…
This said, another wave of gpu’s is driven out an algo and forced to mine on the remaining GPU coins/algos. This with the soon coming ETH reward reduction will makes really though for gpu mining, or even mostly end it in the next months, same like on asics. Only a bigger bullish run would delay the unavoidable pain for us private miners a bit, but the end of private pow mining is near …
You are playing the ASIC manufacturer game now. They will control the network, and price. Too bad Zooko or whatever his name is, didn’t listen. XMR has already caught up and will soon be surpassing Zcash in price due to their commitment to decentralization. Ethereum is the next to fall (even more) victim if they don’t change algo’s which I guess they are seriously considering now. ProgPOW and MTP are the way of the future - the rest of these coins will be controlled by the manufacturers of ASICS - only BTC is worth enough money to get true ASIC competition. If you want to go after coins that have a future, check out: Zcoin, XMR, Pascal, VTC, BCI and UBIQ to name a few that are committed to decentralization.
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Pascal is a pure Asic coin for a long time now … are you sure you meant Pascal?
About ProgPOW and MTP, i doubt these are the future having in mind 100.000’s of gpu’s are heading there soon. More and more coins get asic and more and even more go POS day by day, means gpu’s will overflood the remaining gpu coins/algos while asics for priate miners won’t be for much longer profitable as well… hence i somehow doubt ProgPOW is the medicine for the mass gpu exodus coming …
Yes, Pascal is working hard to on their “RandomHash” algorithm because of ASIC’s. You can check out their Pascal Improvement Proposal #9. Just like Zcoin and many others are running away from ASICS as fast as they can…
I wouldn’t count on just a proposal. I mean a proposal is just that, a proposal, nothing less and nothing more.
Over half of their max. supply has been mined allready, so it would make more sense to go POS directly than dealing with various POW solutions … My bet goes to POS for them in the mid/long term …
Hush is changing to dPOW, some kind of notarisation time delay on other block chains, their 51% solution
Their discussions go alot like these
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Dude, the development of the Pascal Randomhash algorithm is almost finished. They are switching in about a month. Go checkout their Discord if you don’t believe me. There is a definite split happening this year between those Coins that want to be free of ASIC’s and coins like ZCash who don’t mind having their supply and price controlled by a few companies.
I took the time to read the proposal. Actually it’s a gpu/asic resistant algo favouring CPU mining which is a good thing in my opinion (at least for now it seems that cpu is the best solution for decentralization).
Reading on their gifthub actually the reason behind it is neither directly the asics or gpu mining but the mining pool centralization of 1 mining pool having 99%, i guess it’s nanopool. The result seems to be exchanges NOT accepting Pascal due this threat from 1 mining pool.