I’m at 12 cents per KWH so it was no longer profitable for me what so ever even with them overclocked to 50+ k/sols
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oh man, -%50 so fast 
Yeh… zec is the best and will conquer the world. Only two questions:
- So what about handy mobile wallet with privacy support and wallet keys stored on user device?
- What about light desktop wallet (for win, mac, linux), which does not require full blockchain download?
Give me recommendations and I’ll go test it.
Yes. I’m too lazy to go research this myslef. I’m already fed up with buggy trash official wallet.
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I’ve sold over 200 ZEC in the last couple of months (2.5).
Me and my business partner mined more than 160 ZEC and I’ve bought regularly every month at least 100$ worth of the coin for more than a year.
Overall, with GPU, ASIC and personal investment I’m under over 20k$ in fiat value. We have bought Innosilicon A9 when it came out (6k a pop with border fees) and overall (todays market value) I’ve personally always bought at a loss.
I’ve invested thousands of hours developing insert-coin.io a cloud mining platform, first version was entirely dedicated to zcash cloud mining.
I invested a big part of my personal savings (worked hard for 10 years in many different companies) and overall, even being at a pretty big loss, I’m grateful for the experience: I’ve learn sooo much about crypto, TA, oracles, regulation, cryptograhy and generally having to accept I made many mistakes made me more mature as a person.
I’m a father of one, expecting number 2, and after long conversations with my wife we came to the conclusion that it’s better for us to invest our spare money in other projects:
I’ve been buying regularly BTC, Cardano and EOS in the last 6 months.
Here is why I’m leaving zcash behind:
-
ECC is way to institutionalize
-based on the money receive, the team they have and the development made -
At the start of zcash there were talks about smart contracts and now no more
-
ZK is only used for shielding tx, ZK has a much much much more wider usecase
-
Privacy as seen by the ECC and community is overrated: z2z, encrypted memo and viewing keys are a powerful and nice concept, but let’s talk clearly, privacy shouldn’t be a feature, it’s part of zcash core and zcash should be building on top of that privacy and not “for” that privacy.
-
CEO has his feet in too many shoes
I want to share a reflection on privacy and how I see things in the regards:
Goverments and companys that have our private data have been able to exploit us, abuse us and literally shape our thoughts BUT this doesn’t mean that their intentions are vicious, evil or purposly harmful. “Opportunity make the man a thief”
What is wrong with today’s process, for me, is that companys and goverments can connect the dots: they have access to YOU as an individual and not YOU as citizen/user.
Zero Knowledge could fix this issue for good. Zero Knowledge could bring all the data ever collected available to anyone without giving out names, address or passwords.
Giving out personal information can have a good tradeoff, here are 2 simple examples
- Google can predict flu epidemic much more quicker than goverments have ever been able too, and that is because it can read milions of emails, personal messages and search results. Exchanging our privacy has a real benefit for the global community.
- Waze knows the position of many car drivers, personal routes and routines their users have but in exchange they give the user the possibilty to get from A to B much more quicker.
The issue isn’t that they store your data forever but that they can use that data as they please: literally with no strings attached. With a Zero Knowledge system companys could prove what data they can access, what they use it for and never knowing any personal data.
Users could register anywhere without giving out personal information about them, a user can prove he/she is over 18 without sharing a date of birth. Audits would be a thing of the past and an episode like the “cambridge analytical” couldn’t occur.
I see ZK in a utopian way and I know that I’ll probably never live in such a society, but personally I aim on going in such direction.
Conslusion:
Zcash sparked my interest into crypto and mainly ZK: I’ll always be grateful for this.
I have no more interest in Zcash as a currency, mainly because I think It could be governed better. Economically I prefer betting on other horses.
I still hold ZEC, I won’t be buying any more in the near future and I will stick around in the forums.
I hope for a bright future for zcash and hope these words can inspire in any positive way 
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Makes all perfect sense in my opinion and many points you make overlap with mine 8 months ago when i sold all ZEC and when i had allready 1 leg outside the door.
Are you leaving the forum as well? I think it’s always a big loss when especially a regular member leaves as these have contributed most to the forum.
By the way, i like your view about privacy and in general your post has a lot of reasoning, bad thing is that mostly nobody cares again why another regular leaves and/or sell’s off.
@boxalex
Appreciate your kind words mate!
I’m not leaving, but zcash won’t be as influencial as it was for me in the last 2 years. I’ve sold most of gpu’s and asic, I’ve got a couple of ZEC in a transparent paper wallet but thats about it 
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I bought also regularly 200-300$ zec a month but slowed down a bit… but im not selling, price is too ridiculous to sell. Im not leaving also. I want too see zec success and make lot of profit someday😎
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Yesterday was a sad day, for the first time since I became interested in ZEC, I advised a good friend not to invest in this currency.
I am still holding a substantial amount of ZEC, and I am seriously considering to dump at least half of it for obvious reasons.
There is no need to go into the reasons again, but I still believe that this project is being pushed too passively.
For some time now I have been interested in other projects, such as XMR and the upcoming switch to the RandomX algorithm. Of course I will continue to follow the development of ZEC, but I won’t invest my heart and soul into this coin anymore.
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reasonable. you have to be incredibly patient, zealous or careless person to still hold/like zcash from inception times till now.
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Or you must have kek’s skin, optimism and crabs, lol.
(just fooling around, not meant to be offending!)
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Guy on a different forum says by Tron Classic, I told him Ive owned it for years!
Oh but seriously! Seems like a much better buy in time than sell idk
Less than 50 is critical depth
I’m also not completely unconvinced that these aren’t just Trader tactics to pickup capitulation signals
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honestly, if you’re not actively trading zcash, and just holding/looking for an exit - i’d wait until later in the year to unload. you’ll make more loot, imo.
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I’m sorry to see you step out but hope you’ll re-engage at some point.
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What do you mean by being pushed too passively?
I’m thinking here of open campaigns, the way you try to open up the markets and make the coin attractive for other platforms. I am convinced that the games industry could be a good start.
Easy to use wallets, whether for client computers or mobile devices. As an end-user, I have no desire to torture myself with buggy, sluggish and time-consuming products.
Generally speaking, the visible effort (at least for me) is missing to establish this product on the market.
And let’s be honest, the only real “advertising” of ZEC lately are negative headlines - sure, you could say “negative advertising is also advertising”, but I’m not quite sure if this is true here.
Of course, this is my personal opinion and I am neither a market analyst nor a marketing specialist, but I firmly believe that there is huge potential in terms of product placement.
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I think this is a multi-step process. And I don’t believe that LTCs ad spend on UFC fights, etc. is a good spend. The goal is to measurably drive adoption.
We need the infrastructure and usable tools before the ads. And yes, we still have a long way to go. But we did make significant strides in infrastructure last year (otc desks, custody providers, exchanges, etc.)
We need mobile and hardware wallets that support shielded transactions. There is a team at ECC working on that full time. It’s all they think about and work on.
And then we need to continue work on partnerships and support. One thing leads to another. For example, Zcash is on Gemini because of a lot of joint work with NYDFS. Zcash is on Flexa because Zcash is listed on Gemini. We now have people buying ice cream and video games with Zcash because it’s available on Flexa.
I too wish we had more, faster. But I honestly believe that the work the wallet team has been doing, and now along with some partners, is going to fundamentally accelerate adoption going into next year.
Thanks for sharing your perspective. I appreciate it.
btw: Gaming could be interesting, but we need the 3rd party support. A friend of mine runs marketing for the Unreal Engine. But I don’t think this is even on his radar yet. I think it’s an interesting space to watch.
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That is a mighty interesting domain name. I have some cool ideas - it is a shame zcash doesn’t have contracts. but maybe a sidechain would work.
Congratulations on no.2 - having more than one kid doesn’t double the work, it squares it
This is what amazes me about “poster boy” snowden. He couldn’t have done what he did if the crypto he is advocating for existed. (I am specifically refencing him giving state secrets for foreign powers for immunity, not PRISM or the whistleblowing.)
Anyway, I am glad you are sticking around.
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i mined only zcash.
left and stopped suggesting to friends the day CEO announced sudden deal with bitmain, because imo it would destroy credibility and value.
registered here on forums, tried to warn everyone about whats goin to happen.
and it happen exactly.
market doesnt care whether coins are mined by asics or by gpu/retail miners. and every miner mines for profit. retail/industrial - doesnt matter. different roi margins, different costs. but anyway its market, that wants supply of coins with current inflation rate and price or not.
Market does care, because with asic we have many less active addresses than with gpu. With gpu the number of active wallets will increase over time no matter what, with asic its the opposite, there will be only a few countries that will be able to mine with profit and centralization is not ideal.
Asic or GPu: PoW is a terrible terrible design to distribuite coins, enviroment a part, miners have the power to exclude any transaction they want, they can include their own transactions with no cost and mine empty blocks.
China has more than 50% of hashrate and serious investors do care about these aspects.
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