Are you one of those miners? You registered your account four hours ago, and thus haven’t had any involvement in the discussion since October 2016 until now. Yet your first post is an attack on the time-lock rewards?
Well thank’s for the accusations. I came here because of decision to the PoW change. When Zcash stated they’re not concerned about ASICs I had already given up on Zcash. Their stance was set. Little a community of GPU miners could do besides buy an ASIC miner.
No I wasn’t a miner from the start, but I started in 2017. When it seemed there was plenty of decent, profitable GPU coins to mine with an “ASIC-resistant” Algo. I felt invigorated again like I did in 2013 mining LTC. Now I understand Asic-resistance is a fallacy, but to build a computer with couple GPUs and earn a reward for it. I enjoy that!
I say its a slap in the face because Zcash stated Asic-resistance creating the equihash algorithm, hence only GPU miners could directly support the network(secure it) and in turn receive a reward. So those early adopters and anyone who mined in 2016/2017 happily mined away on Zcash. When the Asic’s are announced. Anyone who was GPU mining looked to the official “Asic-resistance” stance only to be told by Zooko that he never committed to it. That’s fine, I guess the party was up for us, to find another coin that ASICs wouldn’t dominate so heavily on(Z9 mini = 24 1080tis FYI).
Now we told he’s willing to Let us play again, but for a price, to time-lock coins. The Time-lock coins are only for the GPUs? That’s what I find a slap in the face. You kicked us off, now want us to come groveling back for pittance and time-locked coins? get the heck out.
How would that even work? Miners pay electric costs too, far more than most ASIC miners. Typically the coin we earn is how we cover it. So what’s the play there? How could anyone even cover basic electric costs to run the GPU rigs?
In all, if you want ASICs that are more efficient to secure the network that’s fine, but I’m hating the double standards coins are doing these days. If you like and want ASICs be like SIACOIN. There mission from the start was to make is ASIC mineable however they quickly learned their lesson from Innosilicon and Bitmain.