I’m dumping all of my zcash.
I started buying zcash last year as I got into crypto currency.
I really liked the technology and the fact that at the time it was called asic resistant.
I really liked the idea of decentralization and the narrative that I absorbed from the bitcoin community was that ASICS centralize in China due to electricity cost.
So I initially started buying - maybe hoping for the next bitcoin like many people.
Eventually I wanted to “do more” so I looked into mining. Built my first “rig” with 2 1080 TI in SLI.
After mining and holding for a month I started building out mining rigs.
All financing both through my paycheck from work.
All in, I got upto about 80 GPU (mostly 1080 TI) and a reasonable amount of ZEC saved.
I was always told that miners protected the network in exchange for a reward.
When the ASICS first appeared - it was doubted by many that they were real.
I watched my farm barely break even from the electricity costs.
Then there was no word from zooko or the foundation about if a fork would be made to prevent asic take over.
I feel sold out.
I’ve dumped all my zcash and sold about 24 GPU. I have bought 2 z9 mini and a A9 which I will dump the coins and buy other coins I want.
You turned mining from a hobby / project worth being involved in to just being a business - which is fine.
Now I mine your chain because it gives me the most satoshis / watt / day and I buy a different coin.
Through the reports of censorship and over moderation combined with the drastic decrease in price while devs are saying they aren’t getting paid.
Then you have zooko flappin on twitter about how it’s nice to not have to worry about money anymore - are people really surprised at the price?
So I can’t speak for anyone but myself but I’m pretty sure I’m not the only one that feels burned over the last 12-16 months by this team.