XMR isn’t doing anything interesting in regards to fungiblity research. XMR was broken for most of it’s existence. their answer for this monerolink.com was to add ringCT (ducknotes did this first). from what i understand there’s also ways to attack XMR by sending several small TX. they can spend time playing cat-and-mouse with bitmain, because they’re not breaking new ground.
Monero is definitely a possibility, make people sell their year by freaking them out to go buy Monero, they probably assumed privacy-focused coin users will stick to those same idioms
ZCash has the best privacy features, hands down. ZK Proofs are the cat’s pajamas. It’s the only Crypto I like. XMR is “meh” if you ask me.
1 Like
I disagree. The climb you see going from November to January is ASIC’s being infused into the hash. It looks just like Ethereum’s network hash rise. People assumed it was graphics cards, but in retrospect I am convinced it was ASIC’s coming online. The rise was too fast. It happened to ZCash and Ethereum at the same time. Then they quit producing the first ASIC batch and have been running that same batch since January, probably controlling 25% to 50% of the network hash.
Bitmain has finally decided to sell them in June (after 6 months of running) probably because 1) They have another batch on the way 2x as powerful and are selling everyone else their old crap 2) Their business plan includes making money mining first and then selling the equipment to double their profits. Don’t be naive.
3 Likes
You said that very well the zcash asic supporters will be crying when they can’t keep up with the bigger and new asic or when it’s like dash and there’s no profits it looks like this is turning into dash dash is one of the biggest centralized private coins going between the asic farms and the masternodes that where bought when cheap there’s a handful of ppl who control that coin looks as if zcash if going to follow also I’m glad this guy isn’t the president we would be screwed
just blackpilled myself on the subject of ASIC hostile PoW. seems once a coin holds a certain value for an amount of time; ASICs are enviable. hope i’m wrong on this, but history says i’m correct. think a dev team would need to concentrate most of their efforts on fighting them. huge bummer!
1 Like
Not at all. That was the “End of 2017 Rush to Mine Crypto” push. Moreover, why would the difficulty then go down in response to the December 23rd Bloodletting and the sea of red that followed? Do you think BM suddenly said, “we better stop”? The following price increase and shortage of GPUs only supports my claim.
I watch this all day long every day. If there are ASICs on the ZEC network, there are not many at all.
2 Likes
Agreed I don’t feel the difficulty trend supports their existence at all, and @kek Revenues Down, Hashrates Up: 2018 Mining Outlook By The Numbers
I think this article talks about the same thing, about how even Asic mining will eventually need some kind of further incensitization, it’s also like what Zukoo suggested about the article about btc reward block trickle out payment, just to keep them on, its a down the road problem but shouldnt be dismissed
1 Like
@phakov Accept my request to participate in the survey.
https://www.surveymonkey.com/results/SM-HQGLNBR7L/
1 Like
Glad to see many miner here to against ASIC.
I am a Chinese, bitmain is a fucker absolutely. They just want to control the network and price.
Obviously, they have CN GOV acceptance, when CN GOV announce many of anti cryptocurrency news, their farm still not be affected.
You even dont know the ASIC whether include hardware or software backdoor, they use it when they want it.
And now, many of other countries (U.S, Australia, Japan, Canada, Taiwan) restrict China from different area especially in Chips and networking area. In summary, they thieve, control and disturb when possible.
6 Likes
It’s not the same buy a GPU that buy a ASIC mining , How many people can buy a GPU and how many a ASIC ?..
1 Like
Zcash team need to have processes in place to change the POW in case of an emergency like someone deploys some super duper miner and suddenly has well over 51% of network hashrate, that is why there should be projects on POW research always ongoing and how to deploy it in such a way to insure maximum miner participation and hashrate hardware distribution (should be CPU mineable like now lets say with a factor of 10-20)
1 Like
Is @zooko really ready to hand over ZCash to BM and say, “Here you go Jihan, here’s our baby…please don’t exploit her!”?
God, I hope not. What needs to happen is that an emergency hard fork is prepared, but not deployed. Then force BM and see what they do. Just keep it quiet 
3 Likes
Not True. Just look at the graph of Monero. Half of the hash was the “rush”, the rest of the hash is from Bitmain as proven by this Monero hash chart in the same time period we are talking about. Monero went frrom 1Gh back to 500Mh. The hashrate went back to “rush” levels, and knocked out the ASICS (and some bots)
ASICs=death to GPU mining, i think ZEC will loose their community with this step, because all future miners will have only 1 question - how setup my asic. No one else will be interested in anything.
5 Likes
We don’t want this ASIC. It will destroy our currency, our community and all miners with an expensive rigs over the world. This ASIC is really evil for everybody. We need a fork! Look at the DASH with D3, look at the increasing of difficulty.
5 Likes
It’s funny reading how many people on this forum are naive! Bitmain always does the same thing before they release a new ASIC miner. The first batch is connected to the pools and mined til the release this way they can test and make a shit load of crypto.
3 Likes
zook will never fork zcash because he is in on this Bitmain crap and pocketing as much cash as he can!!!
5 Likes
@zooko , appears to be limited to programmer way of thinking, there needs to a CEO with knowledge of markets and how the real world works, Zcash don’t be like Bitcoin, Bitcoin will not win the Crypto race quote me here mining must be decentralized, you must look at market and hardware…it is not just a theoretical thing.
1 Like
Alex Biryukov and Dmitry Khovratovich are part of the University of Luxembourg research group CryptoLUX, which developed Equihash. Equihash was introduced at the Network and Distributed System Security Symposium 2016 in San Diego. The cryptocurrency ZCash integrated Equihash in April 2016, for reasons such as security, privacy, and ASIC miner resistance. Bitcoin Magazine notes, “According to the CryptoLUX scientists, the algorithm permits avoiding centralization of the mining process in the hands of a few first-class miners with specialized mining hardware, thus contributing to the “democratization” of digital currencies based on Equihash.”
This being said, what kind of message devs from Zcash wants to send to their community;
A) Maintain their position on the fundementals of ZCash and Equihash which is an ASIC-resistant algo and fork like the awesome devs from Monero did. This is a very strong and positive message you send to the community behind you if you chose to follow this move.
B) Forget about the fundementals of Equihash and ZCash and say thank you to the GPU miners which are responsible for part of the success of ZCash and tell them that you don’t need them anymore. What a great way to make a large part of the community angry around your project…
The decision is yours, ZCash devs, and will have a big impact in the community. With great power comes great responsibility, please choose wisely.
2 Likes