They buy ASICs believing promise of no more tax in 2020.
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Yes thatâs right, however donât you think the dev fund is a worthwhile investment for miners?
If not why?
If they like, they can make it.
Voluntarily.
Big difference from tax.
They can grow up and realize that ROI on capex is never guaranteed. No risk, no reward â and the risks are real. Thatâs life.
However, if we institute a new dev fund, personally I would prefer for miners to be able to ROI on their machines before October 2020.
Semi-related note: For a PoW coin to be secure, mining needs to be profitable. But it doesnât need to have great margins.
The difference here is that she is being prevented from leaving. Thatâs what abusers do; they isolate their victims and make it hard (both emotionally and practically) to escape.
Zcash doesnât do that. It is very easy to stop mining ZEC, sell your ZEC, etc. If someone tries to guilt-trip you about doing so, you can just⌠ignore them. The situation is entirely different.
(You may not be able to cover your losses by selling, but again, thatâs what investment is â accepting risk in exchange for the chance to generate alpha.)
Moving to a new country is orders of magnitude more difficult than exiting ZEC. I donât think the analogy is fair.
Here we fully agree 
I donât understand how a system that is fully voluntary can be compared to socialism.
Iâve been thinking about this also, and you may be right. I made a comment about that here: Future of Zcash dev funding â megathread / everything in one place - #146 by sonya
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If you mine Zcash you do so voluntarily , nobody is forcing you to mine. Everyone can see what the code is, if you donât like the code then you are free to mine another coin.
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It would be nice to hear some/more opinions from miners.
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Agree. I doubt there are still many here in the English section, but maybe you can find some in the china and russian sub-forum hereâŚ
Im a hobby miner, you should be able to glean off how I feel about it by reading my proposal
I donât believe you when you say that you invested in zcash mining equipment because you thought the dev fund was going to end soon because
A. thatâs a negligible cost you really donât lose that much in doing it and
B. there are already ways around it soâŚif thats your reason you should really research more before investing
Makes no sense.
New dev fund, maybe end of 2020. Why turn off ASIC now?
Keep mining, keep selling. As long as there are profits.
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What other coin is using same algo?
If you want new tax, new dev fund, you can voluntarily make new coin.
This doesnât make sense. As i made a lot of mining and electricity cost calculations in the past it isnât working like that.
First of all it doesnât make any sense to turn off the asic 1 year ahead, donât forget currently all miners are mining and paying a fee that was clear. Nothing changed at the moment and there is no evidience that every new miner or added hardware to the network is allready aware that a new dev fund is planned.
Second. The mining hashpower wonât be affected by a new dev fund anyway. All that happens is that miners that currently mine at a minimal or small profit in higher electricity countries and regions get forced out of ZEC mining business, while at the same time these get replaced by miners in low electricity countries as these can with (for example) half of the electricity costs can take a bigger decrease in mining block rewards than these that pay for higher electricity costs. Means the hashrate chart is not representing anything at the moment.
Letâs be honest made, when we both for example than back bought our Z9 minis (i think we than back bought them nearly at the same time) we havenât been aware of an extension of the FR or invention of a new dev fund.
There are othe coints that can be mined on the same algo. I made a list (no longer updated) where you can see all coins mineable by asics on equihash. As i donât mine my own anymore i have no idea if some of them are still profitable or not.
Most miners donât even partecipate with the community.
Most miners care about profit.
If hashrate is steadly growing it has absolutly nothing to do with any type of interest in the dev fund: donât be so naive kek! It has to do with new asic available every 3-6 months and the price of such machines going down.
Bitcoin has the same growth in hashrate and new asic have been coming out regularly (almost every month) and prices have decrease on these machine.
For ethereum you can see hashrate has decrrase with market crash and has been picking up lately due to many gpus being sold for cheap. Mining rigs used to be for sale at thousands and now literally for scraps. If you correlate ethereum hashrate with 1080 ti prices youâll see a very similar curve.
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if miners donât like the new fund that will happen - theyâd be going elsewhere. this has been going on for over a month now⌠zcash hashrate will not dip. will continue rising, thatâs how life is.