Thats not how it works, the difficulty is adjusted so the block time stays the same no matter the hashrate.
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So your argument is that thief will end up having everything and the rest of people won’t have anything.
And you think that is bad for thief? And this is scientific prove that stealing is bad for him?
Take another guess. But in another thread not to distract people in the thread from main topic .
I think the right thing would be POW + POS at the same time, whitout forking.
So those who held coins and were true belivers will be rewarded.
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When you hear asic（S9 or baikal） noise like an airplane engine, you will know that an ordinary miner without an independent factory cannot use asic to mine.
I find that ASICs result in a lot of dead coins because they kill the network effect of GPU mining.
Many people have been introduced to Ethereum, Zcash, and Monero by either mining themselves or learning about it from another miner.
Now, think about Litecoin and Dash. Is anyone eager to introduce their friends to these coins or to show off their jet engine ASIC miners?
Don’t think so.
Zooko: Your coin will lose significant value if you don’t get rid of ASICs. You’ll become the next Dash.
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hardly there are bigger distractors and spammers as you @dbfusion and @ProwdClown and @mario
I don’t buy the argument that GPU miners want to keep ASICs away simply because we don’t want to go bust. While that’s some of it, it’s not all of it. Network security is critical, especially for ZCash. Trusting Bitmain with it is just foolish.
Governments are very hostile towards any money flows conducted clandestinely, anonymously or privately. ZCash offers privacy which no form of money ever has. Don’t think that governments will sit by idly and do nothing if they get tired of cryptos getting in the way of their agendas.
So go and let Bitmain make all the hardware and watch the hashpower go to several large farms. Just don’t ask why when it goes down the tubes one day because some hostile government actor comes in and takes your network down when they find themselves tired of ZCash.
If you don’t believe it can happen, then you’ve never had it happen to you. It’s not a question of if. It’s one of when. As if the threat of a 51% attack is not enough! Surely you must realize that a violent, physical attack must be considered too. Letting ASIC’s come in only sends ZCash on that potential trajectory.
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dash seems to have done very well from an exchange rate perspective. think some traders might view ASICs positively. it shows an alt network has potential longterm value when an ASIC’s specifically built for said alt network (that’s not my view, but i know that’s a view traders have).
If your H/s is 120k, then you’re mining close to two coins a day. For easy math, lets say 1.5 coins a day. Thats 45 coins a month, at usd 300.00 a coin = $13,500.00 a month — if you are reinvesting, look at it that a new gpu came out and it is a huge improvement.
So because Zcash company has not said yes or no that they will fork to remain ASIC resistant (and they have about 60 days to make that decision) you post that you have lost all faith, sold your coins, post that you made a speculatory 50k investment and are mad at them about it?
Thanks for sharing but all this does is prove one of Zooko’s earlier points that he wants miners who are 100% invested, doesn’t leave at the first sign of a the wind blowing and make knee jerk decisions when one hasn’t been made yet to determine if its the correct one.
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Yes you are right and the math it’s okay…
Let’s say it will be easy to reinvest in the new ‘gpu’, but the fact is where I can be sure of over 1 year a new ‘gpu’ will appear and it will be 10x faster?
and my reinvesting it’s colapsing again…
I’m looking for long therm, not short term like 1-2 years.
That’s why I will invest more in hosting centers for now, to help miners if I can 
I’m talking about public interest. Look at google trends for “dash coin” and “zcash” and compare them on a relative basis. People have completely lost interest in Dash, despite Bitmain’s efforts to pump the price to sell more D3s. ASICs are also bad news for a trader because ASIC miners dump their coins much faster than GPU miners, since they have a much smaller window in which to break even. They also cannot take the chance of waiting for coin appreciation because their hardware has zero resale value in the chance that the coin doesn’t appreciate. So, yes, ASIC miners mean more coin dumping.
The truth is that all altcoins have a very tough case to make for why people should choose them over Bitcoin.
Most altcoins try to add features, like smart contracts, zk-skarks, obfuscation, etc. as a unique selling point over Bitcoin. However, these unique features aren’t very persuasive because Bitcoin can easily add them.
The one thing Bitcoin cannot add, however, is decentralized, ASIC-free mining. It’s almost certainly stuck with SHA-256 forever. (And the reason it’s stuck, unsurprisingly, is because of the power of ASIC miners, particularly Bitmain.)
Zcash’s unique selling point is really the decentralized mining. If this goes away, people will quickly stop seeing Zcash as a viable alternative to Bitcoin or Monero.
Moreover, miners are frequently the fiercest proponents of a coin. The number of people mining Zcash right now is going to be far greater than the number mining it when ASICs take over.
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From the remarks by Zooko pretty much saying he doesn’t care about the GPU miners that secured this network and handed 20% of the profits over for development I already switched to XMR and I advise everyone else to do the same bitmain is going to kill and centralize this coin like all the other asic coins
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I personally see Zcash’s unique selling point as being the focus on developing the strongest possible privacy techniques, such as the work we have been doing for the past year and a half on Sapling.
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Let’s go, our rig can dig other coin
Well XMR was on top of the problem 60 days is a long time for no response
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And you will have privacy with coin that will be 99% own by chines company haha …how you will stop chines government to do 51% attack if they want some info when they will have 95% off hash rate for shure and can do whenever they want.
But what buttresses that is a decentralized mining network. Don’t let the tail literally wag the dog.
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That’s not the way Zcash works. Nobody can “pressure” Zcash Company for users private transaction information because nobody has that information .
Private transactions use zero knowledge proofs which are statistically impossible to de-anonymize. What are zk-SNARKs? | Zcash
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Until 6am EST on 05/03/2018 ASIC Equihash miners were speculation, it’s been 28 hours since there was an official announcement that they exist and are going to be sold.
I would think giving Zcash Company a couple of days to make a decision isn’t asking to much. And the 60 days is when the ASIC miners come into public hands
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